Options Playbook Radio

Options Playbook 33: Selling Spreads, Continued For those of you playing the home game, today we are on pages 64 and66 . If you are following along online, you can access everything you need at OptionsPlaybook.com. Today Brian discusses: Overview of last week on timing and probability when selling spreads If you need a volatility review, please refer to episode 4 Real-life example using AAPL Impact of timeframes Premium relative to probability of success (and what is success?) And more...

Options Playbook Radio 32: Selling Spreads Welcome back to Options Playbook Radio! For those of you with the hardcover book, today we’re on pages 64 (short call spread) and 66 (short put spread). Or, you can find information on our discussion on OptionsPlaybook.com Today Brian discusses: They’re also known as bear call or bear put spreads Using out-of-the-money options Examples using calls What is the maximum profit? What is the maximum risk? Probability of success Don’t forget about commissions Timeframe implications And more    

Options Playbook Radio 31: Buying Spreads, Continued For those of you with the book, today we’re on page 60. If you want to follow along online, please visit OptionsPlaybook.com.  http://www.optionsplaybook.com/, Today Brian discusses: How spread trading differs from single options trading Avoiding paying premium to close out a position A real world example using Intel How do earnings impact options prices? Time value and how you pay for it And more…

Options Playbook Radio 30: Long Spreads For those of you with a copy of the Playbook, we’re on page 60. If you are following along on OptionsPlaybook.com, look for the Long Call/Put section. Today, Brian discusses: What does it mean to have a “long” spread? Bull call spread, bear put spread. Vertical spreads What does it all mean? Crafting a P/L graph without owning the stock Risks and rewards are limited and known Common misunderstandings    

Options Playbook Radio 29: Collar Strategy We’re on page 54 of the hardback version of the Playbook, or find it on OptionsPlaybook.com Today, Brian discusses: How collars go hand-in-hand with protective puts Timeframes, and their importance What is a collar? How does it work? What’s the cost? What’s the upside? How far out in time should you go? The impact of interest rates and dividends And more    

Options Playbook Radio 28: Protective Puts For those of you with a copy of the Playbook, we are on page 152, If you are looking at the Options Playbook website, just look for "Protective Puts" in the Strategy Tab  Today Brian discusses: Using a protective put when selling stock. Risk taken on by writing a protective put. What is a "married" put How known events can affect the cost of writing a protective put. Using an index option as protection for a portfolio of stocks. 

Options Playbook Radio 27: Index Options For those of you with a copy of the Playbook, we're on page 145 "So what is an index option anyhow?" If you are looking at the Options Playbook website, just look for "Index Options" in the Options Basics Tab  Today Brian discusses: American-style expiration vs. European-style expiration. The very first listed index option. S&P 500 Index and the DOW 30. Capitalization weighted vs. Equal dollar weighted vs. Price weighted. AM Settlement vs PM Settlement. Broad-based vs. Narrow-based.

Options Playbook Radio 26: Early Exercise & Assignment For those of you with a copy of the Playbook, we’re on page 140.  If you are looking at the Options Playbook website, just look for “What is Early Exercise and Assignment.” Today Brian discusses: A review of rolling option contracts Why will you not necessarily be assigned on a contract that is in-the-money? American-style options versus European-style options Exercise versus assignment Why don’t option buyers exercise instantly? Don’t forget about time value And more…

Options Playbook Radio 25: How We Roll We’re on page 134 in the book, or look for “How We Roll” in the Options Playbook website. In this episode, Brian discusses: Position management: what does it mean? How the covered call rules apply A deep dive with an example Looking for an option that will cover the cost of rolling And more...        

Options Playbook Radio 24: The Fig Leaf Strategy In this episode, we’re on page 56 of the Playbook. Or, look for the fig leaf in the strategies tab online, or look for the plays in the Kindle version. Today, Brian discusses: Where did the name originate? What is it? What is it NOT? How is it composed? Determining goals and finding appropriate options. Key considerations and nuances Max loss and max gain How to avoid assignment, or rolling And more      

Options Playbook Radio 23: Combining Cash-Secured Put Selling with Covered Call Writing For those of you with the hardback version of the Playbook, today we’re on pages 48 and 44, respectively. Brian discusses: A review of what makes for a decent covered call underlying How to approach a stock that you like What is dollar-cost averaging? What happens when your stock doesn’t go up? The dividend question How to carry on with this strategy And more…    

Options Playbook Radio 22: Cash-Secured Puts For those of you playing the home game, we’re on page 48. Or, just look for cash-secured puts in the rookies section, or the plays section. This time, Brian covers: What it means to be cash-secured What it means to sell a put Scenarios with different stock prices Considerations and catches

Options Playbook Radio 21: Continuing with the Covered Call For those of you with the book, we’re on page 50, or on OptionsPlaybook.com, go to the strategies tab, and go to “Covered Calls.” This time, Brian covers: What criteria a stock needs to be a good candidate for a covered call If it looks too good to be true, it probably is Implied volatility Factors effecting premium And more…

Options Playbook 20: Covered Call Writing For those of you with the book, we’re on page 50. Or, you can find it on OptionsPlaybook.com in the “Rookies” tab  and look for “Covered Calls Strategies.” Today Brian discusses:   What are covered calls? (Sometimes called a buy / write) When to run a covered call. Strike price and expiration. Unwinding a covered call.  Caveats, including right to dividends.

Options Playbook Radio 19: Listener Q/A, Part Three – Long Puts In this episode, Mark and Brian continue to take on listener questions. They discuss long puts: When would you use them? When can you not use them? Choosing money-ness What about volatility? Forecasting and risk    

Options Playbook Radio 18: Listener Q/A Part 2 In this episode, Mark and Brian take on more listener questions, including: Put/call ratio What is it? What does it mean? What do Brian and Mark think about it? Call/put ratio in the VIX Selling a put instead of buying a stock Why does no one talk about this? Hidden risk or downside Gap risk

Options Playbook Radio 17: Listeners Ask about Open Interest In this episode, Mark and Brian take on listener questions. Open interest: What is it? How is it calculated? What’s the difference between open interest and volume? How does it affect pricing? How important is it?    

Options Playbook 16: Buying LEAPS Calls as a Stock Substitute For those of you with the book, we’re on page 32. Or, you can find it on OptionsPlaybook.com in the “Rookies” tab  and look for “Buying LEAPS Calls as a Stock Substitute.” Today Brian discusses: A review of buying calls, in-, at-, and out-of-the-money How LEAPS can be an alternative to buying a short-term, out-of-the-money call What are LEAPS? What impact does delta have on long-term options? Using a real IBM option as an example Caveats, including dividends and bid/ask spreads    

Options Playbook Radio 15: Play #1 - The Long Call We are on page 40 of the hardcover version. Otherwise, look for “The Long Call Strategy” on the Kindle or online version. Today Brian discusses:   How the long call strategy works. Basic examples of a long call. Time components and implied volatility. In the money vs. out of the money vs. at the money contracts

Options Playbook Radio 14: AAPL Stock Split  We are on page 72 of the hardcover version. Otherwise, look for “the Long Strangle” on the Kindle or online version. Today Brian discusses: AAPL is splitting their stock 7-for-1 What does that mean? How does it work? Will it become a part of the Dow 30? AAPL 30-day implied volatitliy Employing the long strangle strategy What will happen to option contracts after the split