This week we are going to look at a cash-secured put, which you can find on page 48 of the Options Playbook. You can always find it online at OptionsPlabyook.com, or in an Amazon Kindle version. Today Brian discusses:

• OPEC decided to cut oil production, so oil prices and stocks spiked
• Looking at Marathon Oil, MRO
• Where is it trading today?
• How to put on a cash-secured put in MRO?
• Why is the timing right to do an oil play?
• Selecting the expiration
• Remember that you want to be put the stock
• Where are you willing to buy the stock? That's how you pick your strike
• Where is IV right now?
• What will it cost?
• What is the maximum cost if you're put the stock?
• What happens if you're wrong on the strike?
• How to get more upside? Sell a put to pay for a bull call spread

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