Options Playbook Radio

Today we're looking at a strategy based on the overall market, a long butterfly with puts. You can find this on page 104 of the Options Playbook, or you can always find it on OptionsPlaybook.com Specifically: Looking at the overall market: where is the S&P 500? Will there be a new all-time high, or will there be a pullback? European verus American style options Weekly versus monthly options Setting up the trade Maximum risk & profit What will happen to implied volatilities? Contingency plans