We have recently been doing a lot of long spreads, and then adjusting based on market conditions. If you want to follow along with The Options Playbook, you can find long spreads on page 60, and long strangles on page 72.

Today, Brian discusses:

• A review of last time
• News since the last episode
• Putting on a position because of the chart
• Looking at selling aput below the 2100 strike
• What will it cost?
• What is the current position?
• We now have a gaggle of securities
• Putting on a diagonal spread in LEN

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