Options Playbook Radio

For the last few episodes, we explored backspreads in SNAP. This week we shift gears to another name that is highly volatile right now, United Air Lines. Let's explore a long butterfly spread with UAL calls. In this episode: A review of the SNAP backspreads Volatility in UAL skyrockted Why choose a butterfly spread? Choosing a one-day trade Selecting strikes Setting up the trade What is the cost? What do we want to happen?