Options Playbook Radio

Last week, we discussed skip-strike butterflies on YHOO, and put on a paper trade. Today, we are looking at Gap Stores (GPS), and putting on a paper trade that is based on a neutral to bullish outlook. Specifically: A review of last week What did we want YHOO to do? What did YHOO do? Time decay and expiration Taking a look at GPS Where is the underlying? What is the trading range? What is the outlook? Setting up the trade What is the maximum risk? What is the maxiumum upside?