With the markets rocking and rolling, Brian begins the show making a neat adjustment the trade from last week which was a bullish call spread in the USO (United States Oil Fund). He adjusts the trade to a long call butterfly spread.

Next, Brian goes bottomfishing in AT&T (Ticker: T) with a longer term options trade.

The Options Playbook is available at OptionsPlaybook.com, or on Amazon.

Do you have a question that you want to be answered on a future episode? Send it to Brian at [email protected] or to the Options Insider at [email protected]. You can also find Brian on Twitter at @BrianOverby.