Continuing with the long SPX put spread that we put on last week, Brian looks at current market conditions and decides if and how to make any adjustments. If you want to follow along in the Options Playbook, this is on page 62. You can always find this information on OptionsPlaybook.com.

This week Brian discusses:

• What happened after the Fed meeting last week?
• A recap of last week's strategy
• What did the market do?
• Based on how the market moved, how do we make an adjustment?
• Picking the strikes
• What is the risk? Cost basis?
• What are the possibilities within the strikes of the butterfly?
• Given where the market is, what should we do?
• What is the outlook?
• What is the adjustment

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