Options Playbook Radio

Options Playbook Radio 263: Protecting Your Position in APPL

Today we will look at protection strategies.  In this episode we will do a long put spread in Apple. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.  Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected]. 

Options Playbook Radio 262: Butterfly Trade Around Costco Earnings

Today we will do a butterfly trade around Costco earnings, which are scheduled for after the close on Thursday, May 30. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.  Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected]. 

Options Playbook Radio 261: Your Qs About Bollinger Strangles, Dark Pools and Live OI

LISTENER QUESTIONS Question from Chickenluvr - Do you know if there is anyway you can tell if positions are being opened or closed intra day? Live options open interest? Question from Meravol - What are your thoughts about selling strangles at the 1std dev levels of a particular stock? Sort of like a bollinger band strangle? Thoughts on this technique? Is it me or are there new techniques for selling strangles all the time that always tend to blow out? Aren’t you better off selling IC or...

Options Playbook Radio 260: Apple Covered Call on Steroids

Today we are trading covered calls in Apple. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.  Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected]. 

Options Playbook Radio 259: Selling Some At the Money Option Premium

Today we are using the S&P 500 to sell some at the money option premium.  You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.  Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected]. 

Options Playbook Radio 258: Skip Strike Butterfly in Amazon

Today we are discussing a skip strike butterfly in Amazon.  You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.  Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected]. 

Options Playbook Radio 257: Bearish Trade on Tesla

Today we are discussing a bearish trade on Tesla.  You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, and on the Amazon Kindle edition.  Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected]. 

Options Playbook Radio 256: Leveraged Covered Call in CSX

Today we are discussing a fig leaf or leveraged covered call in CSX after earnings.  You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.  Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected]. 

Options Playbook Radio 255: Crisis Call Spread in BA

With it being in the news a lot lately, let's take a look at a diagonal call spread in Boeing before their earnings reported on April 24.  You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.  Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected]. 

Options Playbook Radio 254: More Listener Questions

THE HUDDLE Question from Harold Dsouza -  Hi Brian. Let me start off by saying I am a big fan of your options playbook radio podcasts. I think you are an excellent teacher. I have been meaning to reach out to you for a long time now. I am 41 yrs old and have been very intrigued by the stock market since I was a kid. I have also had an innate fear of losing my hard earned money which has kept me away from venturing into the market all these years. I have finally overcome my fear and have de...

Options Playbook Radio 253: Call Spread on Boeing

Let's take a look at our Nexstar fig leaf trade from last week. Then let's discuss an out of the money long call spread on Boeing.  You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.  Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected]. 

Options Playbook Radio 252: Nexstar Media Fig Leaf

On today's episode, we use a figure leaf or leveraged covered call in Nexstar Media (NXST).  You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.    Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected]. 

Options Playbook Radio 251: Huddling Up About Puts, Theta and Delta Skew

Comment from Analog K71 - Hi Brian! I know that you are not making recommendations, but your diagonal spread on Pepsi was a perfect call! The short call expires almost perfectly with the underlying stock at 1.16, now my long calls are entirely risk free and possibly worth something! Just wanted to give you a tip of the hat! Thank you Question from Da Poet - What does it mean when an options is delta skewed? Question from Holscreen - Is it safe to say that a large amount of the options busi...

Options Playbook Radio 250: SPX Time Bomb Butterflies

Options Playbook Radio 249: Diagonal Spread Around Costco Earnings

  First we look at recent trades in Pepsi and Nvidia.  Then on today's episode, we use a diagonal spread in Costco.  You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.    Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].  

Options Playbook Radio 248: Huddling Up About Earnings Spreads, ITM Calls, Exchange and More

THE HUDDLE Comment from Georgi - Hi Brian, Thanks a lot for taking the time and elaborate on my question about OTM Calls, on Jan 17 on Options Playbook Radio! You guys are doing a great job! I have been listening to you for a while and I am very pleased with the content and the way you present it. I enjoyed how you tried to pronounce my Yahoo nickname "joro joro ". My name, in fact, it is Georgi or George in English. Cheers,Georgi G. Question from Dave B. - Hi, I have a question about wh...

Options Playbook Radio 247: NVDA Xmas Tree Earnings Butterfly

We start the show by reviewing the performance of our Pepsico Earnings diagonal spread from last show. This week we breakdown a bullish Christmas Tree Butterfly in NVDA going into earnings. With NVDA at $152.88 Brian wants to buy 1 Feb15 165 Call, Sell 3 Feb15 167.50 Calls and then Buy 2 Feb15 170 Calls for a net credit of $.20

Options Playbook Radio 246: Diagonal Spread Around PepsiCo Earnings

Today Brian breaks down a diagonal spread around PepsiCo (PEP) earnings. Tune in to learn how you can implement a similar strategy into your own options trading.  As always, if you have any questions or suggestions for future episodes of Options Playbook Radio please send them to [email protected]

Options Playbook Radio 245: Using a Skip Strike Butterfly in Amazon

Today we will be using a skip strike butterfly in Amazon.  You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.    Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected]. 

OPR 244: Trading A Tesla Skip Strike Call Fly

TESLA SKIP STRIKE CALL FLY Host: Brian Overby, Senior Options Analyst - AKA The Options Guy - at Ally Invest If you like to trade volatile stocks then TSLA has you covered. Today we're going to trade a Skip Strike Call Butterfly using Tesla options. This is an advanced play so make sure you've reviewed the Options Playbook before proceeding. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, and on the Amazon Kindle edition. Do you have a questio...

Options Playbook Radio 243: Huddling Up About Premium Harvesting and Covered Calls

Options Playbook Radio 243: Huddling Up About Premium Harvesting and Covered Calls Today Mark and Brian  answer questions about How to safely harvest premium in a volatile environment by selling puts What criteria should you evaluate when constructing a covered call portfolio?

Options Playbook Radio 242: Huddling Up About Expiration, Calls vs. Spreads and More

Options Playbook Radio 242: Huddling Up About Expiration, Calls vs. Spreads and More Host: Mark Longo, Founder and CEO - The Options Insider Media Group Co-Host: Brian Overby, Senior Options Analyst - Ally Invest In this episode Brian and Mark huddle up to answer the following questions: QUESTION FROM Paul Vasquez: When is the “official” close as far as options expiration is concerned? I’ve had calls assigned and had stocks put to me when the strike was out of the money at market close ...

Options Playbook Radio 241: Huddling Up About Apple and VIX

Huddle up, listeners! We're taking your questions, including: The options question of the week: What is the largest open options position in AAPL right now? Given the skew set up in equities, why would you ever buy a collar? Why are there no options on VXAPL? Will we ever have a VIX index product that you can actually buy/sell? Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at questions...

Options Playbook Radio 240: Huddling Up About Stock Replacement and USO

Huddle up, listeners! We're taking your questions, including: I've been lured in by the ongoing selloff in crude and have been thinking about a stock replacement in USO. Should I even bother? Is there a price where it's no longer worth it? What about timing? And more.... Does Ally allow people to close short positions below 10 cents without a fee? Are there any types of trades that, without brokerage fees, would be great trades? Do you have a question that you want answered on a future...

Options Playbook Radio 239: AAPL Front Spread with Calls

Now that the Fed has spoken, the market is reacting. This is a good opportunity for a front spread. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: The Fed has spoken What's a front spread? Using AAPL as an example Where is APPL now? Selecting strikes Selecting an expiration date Max risk and max gain Do you have a question that you want answered on a future episode? Send them to Brian...

Options Playbook Radio 238: Rinse and Repeat Time Bomb Butterfly

When the market conditions are right, it can be a good time to trade a butterfly in the S&P 500. Now is the time. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: As of this recording, the VIX is higher than last week, but down a bit on the day A review of last week Where is the market now? Let's do another 20-point wide butterfly Selecting strikes What does it cost? What's the maximum g...

Options Playbook Radio 237: Time Bomb Butterfly in S&P 500

When the market conditions are right, it can be a good time to trade a butterfly in the S&P 500. Now is the time. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: Where is the S&P 500 index right now? Buying a December 7 butterfly Selecting strikes What is the total risk? What do we want to happen? What's the maximum upside? What is the market forecast? What to do if the market moves a...

Options Playbook Radio 236: Options for the Stock Investor

How can stock investors use options? You've come to the right place. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of the AAPL collar from two weeks ago What about capital gains? Remember we had a small credit Where are we now? What about additional risk? What's an alternative? Using an example with FB Using a FB option as a surrogate for stock Setting up the trade Select...

Options Playbook Radio 235: Thanksgiving Huddle Edition

Huddle up, traders! For your listening pleasure, Mark and Brian answer your burning options trading questions, including: Question from Barry Brown - Good morning. Have the show archives been withdrawn or are they still available? Question: If we put on a poor man's covered call position and the price moves up the short call, when do you recommend rolling, etc? Thank you. Your stuff is great. Really enjoy all you efforts. Thank you. Question from Douglas Tilley - Hello! Regarding long sto...

Options Playbook Radio 234: Playing Defense with Apple Collars

It's always a good idea to review basics. Today we're looking a covered calls, and it's cousin, collars. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: Lots a bad news around Apple What to do approaching the new year? Thinking about capital gains, taking losses What is the scenario? What will selling a covered call do? What is the risk? Reward? What would a collar look like? What wou...

Options Playbook Radio 233: HD Straddle into Earnings

HD is announcing earnings soon. Let's look at how to set up a straddle to cap risk. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: What's happened since last week? What did we learn from the NVDA backspread from last time? What happened to the one without earnings? What happened to the one that contained earnings? Let's take a look at Home Depot Earnings are coming up Setting up the tr...

Options Playbook Radio 232: Picking a NVDA Backspread

Nvidia is announcing earnings soon. Can we expect a dead cat bounce on the stock? You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: What has NVDA been up to lately? NVDA has an earnings announcement on 11/15 Selecting expiration dates Where is implied volatility for the expirations? What are our expectations for IV? Putting on a backspread with calls Setting up the trade What is the ris...

Options Playbook Radio 231: Up- and Downside Butterflies in GOOGL and AMZN

Being in the heart of FAANG earnings season, let's look at GOOGL and AMZN. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: What is happening in the markets right now? What about GOOGL and AMZN, specifically? What are the expected moves? What is our strategy? We're looking for positive theta, but negative vega Let's look at a GOOGL skip-strike butterfly Selecting strikes and expiration ...

Options Playbook Radio 230: Options Account Questions plus Crypto and Calendars

Huddle up, listeners. It's time for Mark and Brian to answer your questions. Question from BuseKrus D - New to options, and working with a small account size. Looked to put on a trade with a strategy from the playbook (Christmas tree butterfly I think) with a 57-60-66 2x3x1 call fly for a total debit of 1.30. I've always heard that for a defined risk debit trade the max risk is the amount paid. However, the brokerage was saying I needed around 740 in my account to be able to put on the trad...

Options Playbook Radio 229: The VIX Surge, TSLA Fly, plus COST and NFLX

Let's go back in time and review the last two weeks' worth of trades, including: Bearish COST backspread What was the trade? What did we want to happen? How did it turn out? What did we learn? Then there was a NFLX calendar What was the trade? What did we want to happen? What did happen? Let's look at the VIX What about a TSLA fly? Setting up the trade What is the cost? What is the upside? Do you have a question that you want answered on a future episode? Send the...

Options Playbook Radio 228: NFLX Long Calendar Spread

Earnings in FAANG stocks are coming up, with NFLX leading the way on 10/16. We're going to do a long calendar spread with calls. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of last week Why a calendar spread? Where is NFLX now? Earnings are released on 10/16 What is the expected earnings? Selecting a strike Setting up the trade What is the maximum risk? Reward? What do ...

Options Playbook Radio 227: COST Backspread Capturing Earnings

Costco (COST) has earnings coming up next week. We're going to do a backspread with puts, or a ratio volatility spread. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of last week COST will announce earnings on 10/4 What does the chart say? Let's do a backspread with puts What's the expected move? What's our take? Selecting the expiration and strikes What if we're wrong? W...

Options Playbook Radio 226: Teachable Moments in Options Trading

Tilray Inc. (TLRY) has gone up over 100% in two days. With stocks that move like this, it's a great learning experience. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of last week's NKE diagonal spread What did we want to happen? What actually happened? What does that mean for the contract we bought? What do to now? Let's roll! Crazy moves in TLRY Why are the puts so pricey? ...

Options Playbook Radio 225: NKE Diagonal Spread

Nike (NKE) has been in the news a lot lately and will announce earnings on September 25. Let's take a look at a diagonal trade. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of last week What happened to the SPX? Did you get out, or did you get the stupid award? NKE is near all-time highs Setting up the trade Selecting strikes and expirations Pay attention to the delta of the...

Options Playbook Radio 224: Bearish Butterfly in SPX

Now that earnings season is over, it's time to get back to the basics. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of last week Setting up a long put butterfly in SPX Where is the SPX now? Where is volatility? Selecting strikes Using the nearest-term expiration Settlement is at the close on Friday What's the upside? Downside? What do we want to happen? How to roll int...

Options Playbook Radio 223: SPX Long Call Spread into the Holiday Weekend

Now that earnings season is over, it's time to get back to the basics. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of last week What happened if you stuck around to the close on Friday? How did we do? Markets are closed for Labor Day How do we take the holiday into account? Where is the S&P 500 right now? Selecting strikes and expiration What do we want to happen? What ...

Options Playbook Radio 222: S&P 500 Skip Strike Butterfly

Now that earnings season is over, it's time to get back to the basics. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: Why choose the S&P 500 index? Selecting the expiration (just two days!) Selecting strikes What is the risk? Remember commissions, especially with a three-legged trade Interesting downside considerations What do we want to happen? Do you have a question that you want an...

Options Playbook Radio 221: You May Be Holding Onto Spreads Too Long

Huddle, up listeners! It's time for Brian and Mark to take on listener questions, including: Options question of the week: Earnings season in in full swing. Which names will dominate your options trading this week? 47% - AAPL 37% - TSLA 6% - GPRO 10% - CBOE Question from Imhad1: Is HMNY now the most option-like stock ever? Back to $.08 after reverse splitting up to $14. Crazy! Who would buy an option on this thing? Question from Ling: I've heard some educators say that you shoul...

Options Playbook Radio 220: GOOGL Fly Update Plus New BKNG Earnings Fly

As earnings season winds down, we are looking at strategies before, during, and after announcements. Last week, we did a skip-strike butterfly in GOOGL. Let's follow up on how that went. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of the skip-strike butterfly What has happened to GOOGL since then? BKNG (formerly Priceline) is about to announce earnings Setting up the trade Sele...

Options Playbook Radio 219: GOOGL Options Trades Post-Earnings

We are in the heart of earnings season, and next week a lot of the FANG stocks will announce. Two weeks ago, we did a diagonal spread in GOOGL. Let's follow up on how that went, and look at a skip-strike butterfly, as well. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: How was the diagonal spread set up? What happened to GOOGL since the paper trade was established? What are we doing now? Se...

Options Playbook Radio 218: The Dark Art of Butterfly Margin

Huddle up, listeners. It's time for listener questions. If you have questions about anyoptions plays, you can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: How do you like to trade options during earnings season? Do you hold a position through an announcement? How do you determine a strategy or direction? How to select strikes and expiration? What the brokers versus the regulators have to say about d...

Options Playbook Radio 217: GOOGL Diagonal into Earnings

We are in the heart of earnings season, and next week a lot of the FANG stocks will announce. Let's take a look at a diagonal spread in GOOGL. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: Why a diagonal spread? What is a diagonal spread? Setting up a trade GOOGL announces earnigns on 7/23 Selecting the strikes and expirations What do we want to happen? What do we want to avoid? What ...

Options Playbook Radio 216: NFLX Earnings Skip-Strike Butterfly

We are back into earnings season. Let's take a look at a skip-strike butterfly in NFLX. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: A review of the Boeing calendar spread from last time What happened since the paper trade was put on? Looking ahead to NFLX earnings Where is NFLX now? What is the expected move? What happens if we are wrong? What is the maximum return? Reward? Do you ...

Best of Options Playbook Radio 189: Bitcoin, Dividends and Exercising Worthless Calls

Today we are bringing you the best of Options Playbook Radio.  Originally posted December 28th, 2017 Mark and Brian are back to answer listener questions. In particular: Question from Taj Penaso - Hi, will there be options for bitcoin once the futures are traded?? or just the futures until there are tradeable ETFs available? Thanks. #Options #QOTW - Now it's a party! #Bitcoin futures are live on both @CMEGroup & @CBOE. But everyone's asking us the $1M question - "When will we get #Bit...

Options Playbook Radio 215: BA Long Call Spread

Tariff turmoil is rocking the market and is beating up some stocks, including Boeing (BA). You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: Implied volatility is spiking because of talk of tariffs BA announces earnings on 7/25 Stock has fallen about 40 points over the last month Putting on a long call spread Selecting strikes and expirations What is the total cost? What do we want to hap...