For this week's trade, Brian gets speculative with the United States Oil ETF (Ticker: USO).  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 TheOptionsGuy@Invest.Ally.Com or to the Options Insider at Questions@TheOptionsInsider.com. You can also find Brian on Twitter at @BrianOverby.

For this week's trade, Brian gets speculative with the United States Oil ETF (Ticker: USO).  The Options Playbook is available at <a href="http://www.optionsplaybook.com/" rel="nofollow" target="_blank">OptionsPlaybook.com</a>, or on <a href="https://www.amazon.com/Options-Playbook-Expanded-2nd-strategies/dp/0615308147/ref=sr_1_1?ie=UTF8&amp;qid=1476979330&amp;sr=8-1&amp;keywords=options+playbook" rel="nofollow" target="_blank">Amazon</a>. Do you have a question that you want to be answered on a future episode? Send it to Brian at <a href="mailto:TheOptionsGuy@Invest.Ally.Com">TheOptionsGuy@Invest.Ally.Com</a> or to the Options Insider at Questions@TheOptionsInsider.com. You can also find Brian on Twitter at @BrianOverby.

Options Playbook Radio 452: Let's Get Speculative on Oil

On this rare live Huddle episode, Mark and Brian answer your pressing questions about:   0 DTE trading in Apple and Meta The mysterious Super Bowl indicator Ratio put spreads "Covered" straddles Stock repair trades and much more... 

On this rare live Huddle episode, Mark and Brian answer your pressing questions about:  <ul> <li>0 DTE trading in Apple and Meta</li> <li>The mysterious Super Bowl indicator</li> <li>Ratio put spreads</li> <li>"Covered" straddles</li> <li>Stock repair trades</li> <li>and much more...</li> </ul>

Options Playbook Radio 451: Huddling Up About 0 DTE Trading in AAPL and META

Brian begins this episode by looking at last's weeks trade which was a long call in SNAP. For this week's trade, he looks at a long call spread in Booking Holdings (Ticker: BKNG). 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 TheOptionsGuy@Invest.Ally.Com or to the Options Insider at Questions@TheOptionsInsider.com. You can also find Brian on Twitter at @BrianOverby.

Brian begins this episode by looking at last's weeks trade which was a long call in SNAP. For this week's trade, he looks at a long call spread in Booking Holdings (Ticker: BKNG). The Options Playbook is available at <a href="http://www.optionsplaybook.com/" rel="nofollow" target="_blank">OptionsPlaybook.com</a>, or on <a href="https://www.amazon.com/Options-Playbook-Expanded-2nd-strategies/dp/0615308147/ref=sr_1_1?ie=UTF8&amp;qid=1476979330&amp;sr=8-1&amp;keywords=options+playbook" rel="nofollow" target="_blank">Amazon</a>. Do you have a question that you want to be answered on a future episode? Send it to Brian at <a href="mailto:TheOptionsGuy@Invest.Ally.Com">TheOptionsGuy@Invest.Ally.Com</a> or to the Options Insider at Questions@TheOptionsInsider.com. You can also find Brian on Twitter at @BrianOverby.

Options Playbook Radio 450: Booking A Long Call Spread

Brian begins this episode by looking at last's weeks trade which was a Christmas tree butterfly in Apple (Ticker: AAPL). For this week's trade, he looks at a long call in SNAP. 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 TheOptionsGuy@Invest.Ally.Com or to the Options Insider at Questions@TheOptionsInsider.com. You can also find Brian on Twitter at @BrianOverby.

Brian begins this episode by looking at last's weeks trade which was a Christmas tree butterfly in Apple (Ticker: AAPL). For this week's trade, he looks at a long call in SNAP. The Options Playbook is available at <a href="http://www.optionsplaybook.com/" rel="nofollow" target="_blank">OptionsPlaybook.com</a>, or on <a href="https://www.amazon.com/Options-Playbook-Expanded-2nd-strategies/dp/0615308147/ref=sr_1_1?ie=UTF8&amp;qid=1476979330&amp;sr=8-1&amp;keywords=options+playbook" rel="nofollow" target="_blank">Amazon</a>. Do you have a question that you want to be answered on a future episode? Send it to Brian at <a href="mailto:TheOptionsGuy@Invest.Ally.Com">TheOptionsGuy@Invest.Ally.Com</a> or to the Options Insider at Questions@TheOptionsInsider.com. You can also find Brian on Twitter at @BrianOverby.

OPR 449: A Momentum Trade in SNAP Using Call Options

For this week's trade, Brian looks at a Christmas tree butterfly in Apple (Ticker: AAPL). 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 TheOptionsGuy@Invest.Ally.Com or to the Options Insider at Questions@TheOptionsInsider.com. You can also find Brian on Twitter at @BrianOverby.

For this week's trade, Brian looks at a Christmas tree butterfly in Apple (Ticker: AAPL). The Options Playbook is available at <a href="http://www.optionsplaybook.com/" rel="nofollow" target="_blank">OptionsPlaybook.com</a>, or on <a href="https://www.amazon.com/Options-Playbook-Expanded-2nd-strategies/dp/0615308147/ref=sr_1_1?ie=UTF8&amp;qid=1476979330&amp;sr=8-1&amp;keywords=options+playbook" rel="nofollow" target="_blank">Amazon</a>. Do you have a question that you want to be answered on a future episode? Send it to Brian at <a href="mailto:TheOptionsGuy@Invest.Ally.Com">TheOptionsGuy@Invest.Ally.Com</a> or to the Options Insider at Questions@TheOptionsInsider.com. You can also find Brian on Twitter at @BrianOverby.

OPR 448: Time for a Christmas Tree Butterfly in AAPL

Brian and Mark huddle up to answer your options questions, including:  Is it worth it to sell puts in 0 DTE options Why aren't there same day options for single stocks What are we looking forward to in the market this year What will be the hot options strategy for 2023 How far out do we go when selling a put in a single name stock as a way to buy the stock at a lower level And much more... 

Brian and Mark huddle up to answer your options questions, including: <ul> <li>Is it worth it to sell puts in 0 DTE options</li> <li>Why aren't there same day options for single stocks</li> <li>What are we looking forward to in the market this year</li> <li>What will be the hot options strategy for 2023</li> <li>How far out do we go when selling a put in a single name stock as a way to buy the stock at a lower level</li> <li>And much more...</li> </ul>

OPR 447: Huddling Up About 0 DTE Gamma Bombs

Brian begins this episode by looking at last's weeks trade which was an iron condor in Delta Airlines (Ticker: DAL). For this week's trade, he does a FOMO (Fear Of Missing Out) trade in Delta Airlines (Ticker: DAL). 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 TheOptionsGuy@Invest.Ally.Com or to the Options Insider at Questions@TheOptionsInsider.com. You can also find Brian on Twitter at @BrianOverby.

Brian begins this episode by looking at last's weeks trade which was an iron condor in Delta Airlines (Ticker: DAL). For this week's trade, he does a FOMO (Fear Of Missing Out) trade in Delta Airlines (Ticker: DAL). The Options Playbook is available at <a href="http://www.optionsplaybook.com/" rel="nofollow" target="_blank">OptionsPlaybook.com</a>, or on <a href="https://www.amazon.com/Options-Playbook-Expanded-2nd-strategies/dp/0615308147/ref=sr_1_1?ie=UTF8&amp;qid=1476979330&amp;sr=8-1&amp;keywords=options+playbook" rel="nofollow" target="_blank">Amazon</a>. Do you have a question that you want to be answered on a future episode? Send it to Brian at <a href="mailto:TheOptionsGuy@Invest.Ally.Com">TheOptionsGuy@Invest.Ally.Com</a> or to the Options Insider at Questions@TheOptionsInsider.com. You can also find Brian on Twitter at @BrianOverby.

OPR 446: Fighting The FOMO in the Airlines

Brian begins this episode by looking at last's weeks trade which was a SPX put butterfly trade. For this week's trade, he looks at an iron condor in Delta Airlines (Ticker: DAL). 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 TheOptionsGuy@Invest.Ally.Com or to the Options Insider at Questions@TheOptionsInsider.com. You can also find Brian on Twitter at @BrianOverby.

Brian begins this episode by looking at last's weeks trade which was a SPX put butterfly trade. For this week's trade, he looks at an iron condor in Delta Airlines (Ticker: DAL). The Options Playbook is available at <a href="http://www.optionsplaybook.com/" rel="nofollow" target="_blank">OptionsPlaybook.com</a>, or on <a href="https://www.amazon.com/Options-Playbook-Expanded-2nd-strategies/dp/0615308147/ref=sr_1_1?ie=UTF8&amp;qid=1476979330&amp;sr=8-1&amp;keywords=options+playbook" rel="nofollow" target="_blank">Amazon</a>. Do you have a question that you want to be answered on a future episode? Send it to Brian at <a href="mailto:TheOptionsGuy@Invest.Ally.Com">TheOptionsGuy@Invest.Ally.Com</a> or to the Options Insider at Questions@TheOptionsInsider.com. You can also find Brian on Twitter at @BrianOverby.

OPR 445: Flying Away with an Iron Condor

Brian begins this first episode of the new year by discussing the markets. Then he looks at a SPX put butterfly 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 TheOptionsGuy@Invest.Ally.Com or to the Options Insider at Questions@TheOptionsInsider.com. You can also find Brian on Twitter at @BrianOverby.

Brian begins this first episode of the new year by discussing the markets. Then he looks at a SPX put butterfly trade. The Options Playbook is available at <a href="http://www.optionsplaybook.com/" rel="nofollow" target="_blank">OptionsPlaybook.com</a>, or on <a href="https://www.amazon.com/Options-Playbook-Expanded-2nd-strategies/dp/0615308147/ref=sr_1_1?ie=UTF8&amp;qid=1476979330&amp;sr=8-1&amp;keywords=options+playbook" rel="nofollow" target="_blank">Amazon</a>. Do you have a question that you want to be answered on a future episode? Send it to Brian at <a href="mailto:TheOptionsGuy@Invest.Ally.Com">TheOptionsGuy@Invest.Ally.Com</a> or to the Options Insider at Questions@TheOptionsInsider.com. You can also find Brian on Twitter at @BrianOverby.

OPR 444: Trading An SPX Put Butterfly

On this year-end show, Mark looks at the top Options Playbook Radio episodes of 2022. 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 TheOptionsGuy@Invest.Ally.Com or to the Options Insider at Questions@TheOptionsInsider.com. You can also find Brian on Twitter at @BrianOverby.

On this year-end show, Mark looks at the top Options Playbook Radio episodes of 2022. The Options Playbook is available at <a href="http://www.optionsplaybook.com/" rel="nofollow" target="_blank">OptionsPlaybook.com</a>, or on <a href="https://www.amazon.com/Options-Playbook-Expanded-2nd-strategies/dp/0615308147/ref=sr_1_1?ie=UTF8&amp;qid=1476979330&amp;sr=8-1&amp;keywords=options+playbook" rel="nofollow" target="_blank">Amazon</a>. Do you have a question that you want to be answered on a future episode? Send it to Brian at <a href="mailto:TheOptionsGuy@Invest.Ally.Com">TheOptionsGuy@Invest.Ally.Com</a> or to the Options Insider at Questions@TheOptionsInsider.com. You can also find Brian on Twitter at @BrianOverby.

OPR Top 10 2022 Holiday Special

Welcome to Options Playbook Radio  - the program where we break down cutting edge options strategies and explain how you can incorporate them into your own portfolio. Whether you’re looking to grow your capital with some offensive maneuvers or protect your investments with defensive plays, you can find them all in the Options Playbook. Options involve risk. Please refer to https://www.ally.com/invest/disclosures to review additional risks involved with trading options.

Quick interesting stock option strategy analysis with real market situations and data. Love the length - about 15 minutes. I sometimes listen to it twice to make sure I didn’t miss important information.

If you want to learn about all the basics of option trading and the things to watch out for when trading any strategy - this is the podcast for you.

Great Podcast - Perfect Length 15- 20 min.

Welcome to Options Playbook Radio - the program where we break down cutting edge options strategies and explain how you can incorporate them into your own portfolio. Whether you’re looking to grow your capital with some offensive maneuvers or protect your investments with defensive plays, you can find them all in the Options Playbook. Options involve risk. Please refer to <a href="https://www.ally.com/invest/disclosures" rel="nofollow" target="_blank">https://www.ally.com/invest/disclosures</a> to review additional risks involved with trading options.

Options Playbook Radio

Welcome to Options Playbook Radio On this episode we discuss:  A review of our earnings trade in NFLX A complete breakdown of our new earnings skip-strike butterfly in GOOGL. 

Welcome to Options Playbook Radio On this episode we discuss: <ul> <li>A review of our earnings trade in NFLX</li> <li>A complete breakdown of our new earnings skip-strike butterfly in GOOGL.</li> </ul>

Options Playbook Radio 205: GOOGL Skip Strike Butterfly

In this episode, Brian covers:  Using a pricing calculator to review different scenarios Buying an out-of-the-money option What happens to delta? Looking at probability When time is your ally When to buy an out-of-the-money option How to get low time premium Closer to expiration = higher delta What about at-the-money options? When to buy, and when not to 

In this episode, Brian covers: <ul> <li>Using a pricing calculator to review different scenarios</li> <li>Buying an out-of-the-money option</li> <li>What happens to delta?</li> <li>Looking at probability</li> <li>When time is your ally</li> <li>When to buy an out-of-the-money option</li> <li>How to get low time premium</li> <li>Closer to expiration = higher delta</li> <li>What about at-the-money options?</li> <li>When to buy, and when not to</li> </ul>

Options Playbook Radio 175: When, and Which, Option to Buy?

Mark and Brian are back to answer listener questions.  Question from Ejh4isu - Let's say you're short naked a bunch of puts and the trade goes against you, and you don't have the money to pony up? What can your broker do? Question from LCB - This is a challenging time to sell options due to low volatility. So does it stand that the opposite is true? Is it a good time to buy options? Particularly protective puts? Question from Andrew Lane - I tried searching for options on the major advisor news sources including Pensions &amp; Investments and Financial Advisors magazine and came up blank. Why do these mainstream outlets ignore this space? Where should I go to learn more about options for advisors? 

Mark and Brian are back to answer listener questions. <ul> <li>Question from Ejh4isu - Let's say you're short naked a bunch of puts and the trade goes against you, and you don't have the money to pony up? What can your broker do?</li> <li>Question from LCB - This is a challenging time to sell options due to low volatility. So does it stand that the opposite is true? Is it a good time to buy options? Particularly protective puts?</li> <li>Question from Andrew Lane - I tried searching for options on the major advisor news sources including Pensions &amp; Investments and Financial Advisors magazine and came up blank. Why do these mainstream outlets ignore this space? Where should I go to learn more about options for advisors?</li> </ul>

Options Playbook Radio 180: Huddling Up on Low VIX, Naked Puts and More

It's huddle time again on Options Playbook Radio. This is when Mark and Brian answer listener questions. Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com. The Bobster wants to know if options can be traded outside of U.S. trading hours.  Short answer: yes and no Longer answer: liquidity issues, wider spreads, other nuances. Should there be regular after hours? Should it be limited to a number of names? Index versus equity options  Nelly2 wants to know about assignment. Just so I am clear on the spread assignment thing. If I am in SPX, then I just get cash if the index closes inside my spread. But if I am in a stock, then I get the stock?  Cash-settled Guidelines for cash-settled versus regular settled Sellers and buyers rights and obligations 

It's huddle time again on Options Playbook Radio. This is when Mark and Brian answer listener questions. Do you have a question that you want answered on a future episode? Send them to Brian at <a href="mailto:theoptionsguy@invest.ally.com">theoptionsguy@invest.ally.com</a>, or to the Options Insider at <a href="mailto:questions@theoptionsinsider.com">questions@theoptionsinsider.com</a>. The Bobster wants to know if options can be traded outside of U.S. trading hours. <ul> <li>Short answer: yes and no</li> <li>Longer answer: liquidity issues, wider spreads, other nuances.</li> <li>Should there be regular after hours?</li> <li>Should it be limited to a number of names?</li> <li>Index versus equity options</li> </ul> Nelly2 wants to know about assignment. Just so I am clear on the spread assignment thing. If I am in SPX, then I just get cash if the index closes inside my spread. But if I am in a stock, then I get the stock? <ul> <li>Cash-settled</li> <li>Guidelines for cash-settled versus regular settled</li> <li>Sellers and buyers rights and obligations</li> </ul>

Options Playbook Radio 167: Trading Options After Hours

The holiday season brings to mind covered calls. In this episode, Brian covers:  Last week's trade in DIS What did we want to happen? What DID happen? Avoidint the stupid award The holidays are coming, that means shortened trading weeks It might be a good time to trade covered calls Getting "free" time decay with holidays Where is AAPL? Selecting strikes And more... 

The holiday season brings to mind covered calls. In this episode, Brian covers: <ul> <li>Last week's trade in DIS</li> <li>What did we want to happen?</li> <li>What DID happen?</li> <li>Avoidint the stupid award</li> <li>The holidays are coming, that means shortened trading weeks</li> <li>It might be a good time to trade covered calls</li> <li>Getting "free" time decay with holidays</li> <li>Where is AAPL?</li> <li>Selecting strikes</li> <li>And more...</li> </ul>

Options Playbook Radio 184: AAPL Covered Call

Options Playbook Radio 53: Butterfly Spreads Today in Options Playbook Radio, we’re discussing butterfly spreads. For those of you with the hardcover version of the book, this can be found on pages 103 and 104. You can always find it on OptionsPlaybook.com as well. Today, Brian discusses:  What do we mean by legs? How are butterfly spreads entered as a trade? Looking at an example using XYZ calls Where do you start? What is the net debit? What is the max risk? What is the max gain? What is the break-even? Look at this as two spreads And more…

Options Playbook Radio 53: Butterfly Spreads Today in Options Playbook Radio, we’re discussing butterfly spreads. For those of you with the hardcover version of the book, this can be found on pages 103 and 104. You can always find it on <a href="http://OptionsPlaybook.com" rel="nofollow" target="_blank">OptionsPlaybook.com</a> as well. Today, Brian discusses: <ul> <li>What do we mean by legs?</li> <li>How are butterfly spreads entered as a trade?</li> <li>Looking at an example using XYZ calls</li> <li>Where do you start?</li> <li>What is the net debit?</li> <li>What is the max risk?</li> <li>What is the max gain?</li> <li>What is the break-even?</li> <li>Look at this as two spreads</li> <li>And more…</li></ul>

Options Playbook Radio 53: Butterfly Spreads

Options Playbook Radio 44: Combinations Welcome back to Options Playbook Radio, where today we’re discussion combinations, or combos. If you have the book, we’re on page 76 (long) or 78 (short). For those of you following along online, you can find it on OptionsPlaybook.com Today Brian discusses:  Before we get to combos, let’s first discuss synthetic relationships What are synthetic positions? Why create them? How to create them? What do the pros do?

Options Playbook Radio 44: Combinations Welcome back to Options Playbook Radio, where today we’re discussion combinations, or combos. If you have the book, we’re on page 76 (long) or 78 (short). For those of you following along online, you can find it on <a href="http://OptionsPlaybook.com" rel="nofollow" target="_blank">OptionsPlaybook.com</a> Today Brian discusses: <ul> <li>Before we get to combos, let’s first discuss synthetic relationships</li> <li>What are synthetic positions?</li> <li>Why create them?</li> <li>How to create them?</li> <li>What do the pros do?</li></ul>

Options Playbook Radio 44: Combinations

Options Playbook Radio 48: Theta, Revisited In this episode, Mark and Brian are back and taking on your questions. In this episode, they discuss:  Theta data When decay flattens out Riding the road of premium decay What is the optimal ratio of theta versus gamma? And more…

Options Playbook Radio 48: Theta, Revisited In this episode, Mark and Brian are back and taking on your questions. In this episode, they discuss: <ul> <li>Theta data</li> <li>When decay flattens out</li> <li>Riding the road of premium decay</li> <li>What is the optimal ratio of theta versus gamma?</li> <li>And more…</li></ul>

Options Playbook Radio 48: Theta, Revisited

It's time for listener questions on Options Playbook Radio. Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com. In this episode Mark and Brian discuss:  Question from LesNod: How the heck do you actually get out of straddles? One side of a straddle is always a loss! Question from Jelly: Can I buy longer-term options than LEAPS? Question from Kim D.: How high to rates need to go before I need to worry about rho? Question from Axel D.: Why do they update open interest only once a day? 

It's time for listener questions on Options Playbook Radio. Do you have a question that you want answered on a future episode? Send them to Brian at <a href="mailto:theoptionsguy@invest.ally.com">theoptionsguy@invest.ally.com</a>, or to the Options Insider at <a href="mailto:questions@theoptionsinsider.com">questions@theoptionsinsider.com</a>. In this episode Mark and Brian discuss: <ul> <li>Question from LesNod: How the heck do you actually get out of straddles? One side of a straddle is always a loss!</li> <li>Question from Jelly: Can I buy longer-term options than LEAPS?</li> <li>Question from Kim D.: How high to rates need to go before I need to worry about rho?</li> <li>Question from Axel D.: Why do they update open interest only once a day?</li> </ul>

Options Playbook Radio 170: Getting out of Straddles

OPR 284: BA Review Plus Getting Bullish In SPYToday we look back on the performance of our Boeing trade and then explore ways to get bullish in SPY using long calls.  You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, or on the  Amazon Kindle edition.  Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com. 

OPR 284: BA Review Plus Getting Bullish In SPYToday we look back on the performance of our Boeing trade and then explore ways to get bullish in SPY using long calls.  You can find more in The Options Playbook, which is always available on <a href="http://www.optionsplaybook.com/" rel="nofollow" target="_blank">OptionsPlaybook.com</a>, or on the <a href="https://www.amazon.com/Options-Playbook-Expanded-2nd-strategies/dp/0615308147/ref=sr_1_1?ie=UTF8&amp;qid=1476979330&amp;sr=8-1&amp;keywords=options+playbook" rel="nofollow" target="_blank"> Amazon Kindle</a> edition.  Do you have a question that you want answered on a future episode? Send them to Brian at <a href="mailto:theoptionsguy@invest.ally.com">theoptionsguy@invest.ally.com</a>, or to the Options Insider at <a href="mailto:questions@theoptionsinsider.com">questions@theoptionsinsider.com</a>.

OPR 284: Boeing Review Plus Getting Bullish In SPY

In this episode, we are discussing how to adjust positions. You can find this information on page 104 of The Options Playbook. Brian goes into more detail with:  How to adjust a put butterfly? How was the butterfly set up on Monday? What was the direction? What was the concept of this strategy? What has happened since the trade was put on? How, and when, to make adjustments What do we want to happen? Do you want to see a video of what was just discussed? Send Brian an email through Facebook, or go here.

In this episode, we are discussing how to adjust positions. You can find this information on page 104 of The Options Playbook. Brian goes into more detail with: <ul> <li>How to adjust a put butterfly?</li> <li>How was the butterfly set up on Monday?</li> <li>What was the direction?</li> <li>What was the concept of this strategy?</li> <li>What has happened since the trade was put on?</li> <li>How, and when, to make adjustments</li> <li>What do we want to happen?</li> <li>Do you want to see a video of what was just discussed? Send Brian an email through <a href="https://www.facebook.com/tradeking/app/1462896357260812/" rel="nofollow" target="_blank">Facebook</a>, or go <a href="https://tradeking.webex.com/tradeking/lsr.php?RCID=6cb139c839d4f3467e42c0029b02b965" rel="nofollow" target="_blank">here</a>.</li></ul>

Options Playbook Radio 92: Adjusting Positions

Mark and Brian are back to answer listener questions. In particular:  Question from Ariell - Why should I ever buy puts? I can use a stop order in the stock for free and then put that extra capital to work in my trading account. By my math using stops instead of puts can boost your account 5-10% per year. That’s a lot of cheese. Question from The Financial Grynch - Do you REALLY reckon long options is profitable? Question from Lonesome - Could you explain Theta and how it helps/hurts options traders? Should anyone ever buy OTM options? Question from Tom Matt - What happened to minis? Are they ever coming back?  Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.

Mark and Brian are back to answer listener questions. In particular: <ul> <li>Question from Ariell - Why should I ever buy puts? I can use a stop order in the stock for free and then put that extra capital to work in my trading account. By my math using stops instead of puts can boost your account 5-10% per year. That’s a lot of cheese.</li> <li>Question from The Financial Grynch - Do you REALLY reckon long options is profitable?</li> <li>Question from Lonesome - Could you explain Theta and how it helps/hurts options traders? Should anyone ever buy OTM options?</li> <li>Question from Tom Matt - What happened to minis? Are they ever coming back?</li> </ul> Do you have a question that you want answered on a future episode? Send them to Brian at <a href="mailto:theoptionsguy@invest.ally.com">theoptionsguy@invest.ally.com</a>, or to the Options Insider at <a href="mailto:questions@theoptionsinsider.com">questions@theoptionsinsider.com</a>.

Options Playbook Radio 187: Huddle Up

Options Playbook 4: Volatility &amp; Probability Follow along at optionsplaybook.com, or go to page 14 of the book. Brian discusses:  The definition of implied volatility Pricing models and assumptions How to determine implied volatility Non-directionality of implied volatility Impact of time on implied volatility Impact of events on the price of an option  Options involve risk. Please refer to tradeking.com/ODD to review additional risks involved with trading options.

Options Playbook 4: Volatility &amp; Probability Follow along at <a href="http://optionsplaybook.com" rel="nofollow" target="_blank">optionsplaybook.com</a>, or go to page 14 of the book. Brian discusses: <ul> <li>The definition of implied volatility</li> <li>Pricing models and assumptions</li> <li>How to determine implied volatility</li> <li>Non-directionality of implied volatility</li> <li>Impact of time on implied volatility</li> <li>Impact of events on the price of an option</li> </ul> Options involve risk. Please refer to <a href="http://content.tradeking.com/wiki/display/tkservice/Characteristics+and+Risks" rel="nofollow" target="_blank">tradeking.com/ODD</a> to review additional risks involved with trading options.

Options Playbook 4: Volatility & Probability

Options Playbook Radio 49: Long Calendar Spreads into Earnings In this episode, we are covering trading around earnings. For those of you with the hardcover book, you can find this on page 94. If you’re following along online, you can find it on OptionsPlaybook.com. Today, Brian and Mark discuss:  If you put on a long calendar spread, what do you want to happen to volatility after the trade is put on? Good places to review are episodes 36 and 37 At look at LULU pre-earnings Setting up a LULU calendar spread What do you want to happen? What is a realistic profit outlook?

Options Playbook Radio 49: Long Calendar Spreads into Earnings In this episode, we are covering trading around earnings. For those of you with the hardcover book, you can find this on page 94. If you’re following along online, you can find it on <a href="http://OptionsPlaybook.com" rel="nofollow" target="_blank">OptionsPlaybook.com</a>. Today, Brian and Mark discuss: <ul> <li>If you put on a long calendar spread, what do you want to happen to volatility after the trade is put on?</li> <li>Good places to review are episodes 36 and 37</li> <li>At look at LULU pre-earnings</li> <li>Setting up a LULU calendar spread</li> <li>What do you want to happen?</li> <li>What is a realistic profit outlook?</li></ul>

Options Playbook Radio 49: Long Calendar Spreads into Earnings

It's time to tackle listener questions again on Options Playbook Radio. In this episode, Mark and Brian cover:  Question from Albert Deckel - First, I want to thank you for all the effort you place into the options playbook. I find your lessons absolutely clear, understandable and instructive....a rare combination!! I bought your book and find that, also, clear and concise and very informative. Two questions: While I understand how to convert a "Delta" into meaning, I really don't understand what consists of a "high" vs. "low" Gamma, Theta or Vega. For example, when is theta so high that it makes the purchase of an contract dubious, or Vega so high that it makes the purchase of an OTM contract desirable? Also, if I were to write an ITM put, what combination of Delta, Gamma, Theta or Vega am I looking for? Thanks so much!! Al Question from Tim - Why isn't it standard or maybe required to let people close out shorts for free below $.10? 

It's time to tackle listener questions again on Options Playbook Radio. In this episode, Mark and Brian cover: <ul> <li>Question from Albert Deckel - First, I want to thank you for all the effort you place into the options playbook. I find your lessons absolutely clear, understandable and instructive....a rare combination!! I bought your book and find that, also, clear and concise and very informative. Two questions: While I understand how to convert a "Delta" into meaning, I really don't understand what consists of a "high" vs. "low" Gamma, Theta or Vega. For example, when is theta so high that it makes the purchase of an contract dubious, or Vega so high that it makes the purchase of an OTM contract desirable? Also, if I were to write an ITM put, what combination of Delta, Gamma, Theta or Vega am I looking for? Thanks so much!! Al</li> <li>Question from Tim - Why isn't it standard or maybe required to let people close out shorts for free below $.10?</li> </ul>

Options Playbook Radio 179: The In-Between Greeks

Options Playbook Radio 42: Listener Questions Edition The Huddle: Listener questions and comments    Question from Brian Collamer - Hi Brian! In this show you were describing selling OTM options. You mentioned that when selling options the fastest theta decay occurs in the 45-30 day range. I thought that was only true for ATM options? Do OTM options not decay the fastest at 60-70 days and then kind of flatten out?? Great show, wish it was longer! Thanks, Brian Question Mukund Ambarge: Hi! I had question on theta decay. I understand that delta is in constant flux with every tick move in stock, the delta/gamma changes. IV is in constant flux with buying and selling of options and volume etc. So vega changes with option transactions. But theta decay is the only one which is always in a steady pace i.e. it’s not like it will decay quickly today and slowly tomorrow. The question is when is the theta decay really adjusted in the prices of options. Do the theta decay get adjusted at every tick move? Or every hour? If it is adjusted daily. Then when is the theta decay taken out of options. Early morning before start of trading? Or late in the day like last few minutes that whole days theta is taken out? Also I do not know when is weekend theta taken out of prices? Friday early morning or Friday ending or middle of the day? Basically when does market maker run the prices with the model and set the prices? Only once before trading starts or does he keep adjusting every minute/hour/tick based on demand/supply? Thanks, Mukund             

Options Playbook Radio 42: Listener Questions Edition The Huddle: Listener questions and comments <ul> <li>Question from Brian Collamer - Hi Brian! In this show you were describing selling OTM options. You mentioned that when selling options the fastest theta decay occurs in the 45-30 day range. I thought that was only true for ATM options? Do OTM options not decay the fastest at 60-70 days and then kind of flatten out?? Great show, wish it was longer! Thanks, Brian</li> <li>Question Mukund Ambarge: Hi! I had question on theta decay. I understand that delta is in constant flux with every tick move in stock, the delta/gamma changes. IV is in constant flux with buying and selling of options and volume etc. So vega changes with option transactions. But theta decay is the only one which is always in a steady pace i.e. it’s not like it will decay quickly today and slowly tomorrow. The question is when is the theta decay really adjusted in the prices of options. Do the theta decay get adjusted at every tick move? Or every hour? If it is adjusted daily. Then when is the theta decay taken out of options. Early morning before start of trading? Or late in the day like last few minutes that whole days theta is taken out? Also I do not know when is weekend theta taken out of prices? Friday early morning or Friday ending or middle of the day? Basically when does market maker run the prices with the model and set the prices? Only once before trading starts or does he keep adjusting every minute/hour/tick based on demand/supply? Thanks, Mukund            </li> <li></li></ul>

Options Playbook Radio 42: Listener Questions Edition

Welcome to 2018! Let's jump right into strategies, specifically around earnings. In this episode, we are looking at a long calendar spread with puts in FCX. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically:  Why are we picking FCX? When does FCX announce earnings? What is the implied volatility? Why are we expecting a major announcement? Why pick a calendar around earnings? Defining a calendar spread Remember, if you do this, you're long implied volatility Caveats and other considerations Setting up the trade What is the cost? Risk? What do we want to happen?  Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.

Welcome to 2018! Let's jump right into strategies, specifically around earnings. In this episode, we are looking at a long calendar spread with puts in FCX. You can find more in The Options Playbook, which is always available on <a href="http://www.optionsplaybook.com/" rel="noopener nofollow" target="_blank">OptionsPlaybook.com</a>, in on the <a href="https://www.amazon.com/Options-Playbook-Expanded-2nd-strategies/dp/0615308147/ref=sr_1_1?ie=UTF8&amp;qid=1476979330&amp;sr=8-1&amp;keywords=options+playbook" rel="noopener nofollow" target="_blank">Amazon Kindle</a> edition. Specifically: <ul> <li>Why are we picking FCX?</li> <li>When does FCX announce earnings?</li> <li>What is the implied volatility?</li> <li>Why are we expecting a major announcement?</li> <li>Why pick a calendar around earnings?</li> <li>Defining a calendar spread</li> <li>Remember, if you do this, you're long implied volatility</li> <li>Caveats and other considerations</li> <li>Setting up the trade</li> <li>What is the cost? Risk?</li> <li>What do we want to happen?</li> </ul> Do you have a question that you want answered on a future episode? Send them to Brian at <a href="mailto:theoptionsguy@invest.ally.com">theoptionsguy@invest.ally.com</a>, or to the Options Insider at <a href="mailto:questions@theoptionsinsider.com">questions@theoptionsinsider.com</a>.

Options Playbook Radio 190: FCX Long Calendar Spread

Dan Sheridan is back with Brian, and today they are discussing how to set up an iron butterfly on the RUT. You can find this on page 106 of the Options Playbook, or on OptionsPlaybook.com. They discuss:  Looking at a two-week iron butterfly in RUT Where has RUT been for the last six months? Setting things up, and why might width be different? What is the risk? Why do this in a volatile market? How and why is this repeatable? What is the plan? And more

Dan Sheridan is back with Brian, and today they are discussing how to set up an iron butterfly on the RUT. You can find this on page 106 of the Options Playbook, or on <a href="http://OptionsPlaybook.com" rel="nofollow" target="_blank">OptionsPlaybook.com</a>. They discuss: <ul> <li>Looking at a two-week iron butterfly in RUT</li> <li>Where has RUT been for the last six months?</li> <li>Setting things up, and why might width be different?</li> <li>What is the risk?</li> <li>Why do this in a volatile market?</li> <li>How and why is this repeatable?</li> <li>What is the plan?</li> <li>And more</li></ul>

Options Playbook Radio 81: Iron Butterflies, Continued

OPR 274: Huddling Up About Risk-Free Credit Spreads, Young Trader Education and More On this episode, Brian and Mark huddle up to answer your questions about:   QUESTION Erik Norstedt: Just listened to the OPR 272 episode and had a question. When you say you want to "Do the entire trade at the midpoint for even" - what exactly do you mean? Thanks.   QUESTION FROM Welch Kwong: Huge fan of your weekly podcast. I've asked a question before and you guys were extremely helpful with your response and expertise. I have another question wondering if you can help. Let's say the infamous underlying XYZ is at $50 on a Monday, and I sell a 60/65 Call Spread @ 1.00 exp Friday (5 days). I get 1.00 credit and my risk is 4.00 potential max loss per spread. If I continue to roll position out for a credit, rolling up I dont think really matters for this question, but with enough rolling and credits to add up to 5.00, would that mean that the trade overall was at zero risk (not taking into account commissions)??   QUESTION FROM Bob Randall: Brian, I have a 12 year old niece with a very bright mathematical mind that I am trying to get into options. I'm looking for either beginning games or age appropriate books or videos to teach her about options. I also have two editions of the Playbook and thought I might reach out to you for any suggestions.   RELATED QUESTION FROM STEVEN PATEL: Do I need to be a math whiz to understand this options stuff?   QUESTION FROM CHARLIEC: Quick Q for the show - What’s the weirdest thing you’ve seen in the options market?     Do you have a question that you want answered on a future episode? Send it to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.

OPR 274: Huddling Up About Risk-Free Credit Spreads, Young Trader Education and More On this episode, Brian and Mark huddle up to answer your questions about: <ul> <li> QUESTION Erik Norstedt: Just listened to the OPR 272 episode and had a question. When you say you want to "Do the entire trade at the midpoint for even" - what exactly do you mean? Thanks. </li> <li> QUESTION FROM Welch Kwong: Huge fan of your weekly podcast. I've asked a question before and you guys were extremely helpful with your response and expertise. I have another question wondering if you can help. Let's say the infamous underlying XYZ is at $50 on a Monday, and I sell a 60/65 Call Spread @ 1.00 exp Friday (5 days). I get 1.00 credit and my risk is 4.00 potential max loss per spread. If I continue to roll position out for a credit, rolling up I dont think really matters for this question, but with enough rolling and credits to add up to 5.00, would that mean that the trade overall was at zero risk (not taking into account commissions)?? </li> <li> QUESTION FROM Bob Randall: Brian, I have a 12 year old niece with a very bright mathematical mind that I am trying to get into options. I'm looking for either beginning games or age appropriate books or videos to teach her about options. I also have two editions of the Playbook and thought I might reach out to you for any suggestions. </li> <li> RELATED QUESTION FROM STEVEN PATEL: Do I need to be a math whiz to understand this options stuff? </li> <li> QUESTION FROM CHARLIEC: Quick Q for the show - What’s the weirdest thing you’ve seen in the options market? </li> </ul> Do you have a question that you want answered on a future episode? Send it to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.

OPR 274: Huddling Up About Risk-Free Credit Spreads, Young Trader Education and More

In this episode, we are looking beyond the Options Playbook and are using a long combination to create a synthetic stock and buy protection. You can find more on p. 76 of The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically:  A review of last week's episode What is a synthetic long stock? Where is Facebook now? How to create a synthetic long position Adding a twist...using a put spread Selecting expirations and strikes What is the cost? Risk?  Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.

In this episode, we are looking beyond the Options Playbook and are using a long combination to create a synthetic stock and buy protection. You can find more on p. 76 of The Options Playbook, which is always available on <a href="http://www.optionsplaybook.com/" rel="noopener nofollow" target="_blank">OptionsPlaybook.com</a>, in on the <a href="https://www.amazon.com/Options-Playbook-Expanded-2nd-strategies/dp/0615308147/ref=sr_1_1?ie=UTF8&amp;qid=1476979330&amp;sr=8-1&amp;keywords=options+playbook" rel="noopener nofollow" target="_blank">Amazon Kindle</a> edition. Specifically: <ul> <li>A review of last week's episode</li> <li>What is a synthetic long stock?</li> <li>Where is Facebook now?</li> <li>How to create a synthetic long position</li> <li>Adding a twist...using a put spread</li> <li>Selecting expirations and strikes</li> <li>What is the cost? Risk?</li> </ul> Do you have a question that you want answered on a future episode? Send them to Brian at <a href="mailto:theoptionsguy@invest.ally.com">theoptionsguy@invest.ally.com</a>, or to the Options Insider at <a href="mailto:questions@theoptionsinsider.com">questions@theoptionsinsider.com</a>.

Options Playbook Radio 191: Facebook Synthetic Stock

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