Brian begins the show discussing his bearish ratio butterfly trade last week in Amazon (Ticker: AMZN). Afterwards, he talks about doing a long put spread in IWM (iShares Russell 2000 ETF) for this week's 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.