For the last few weeks, we have been looking at earnings plays, including a short call spread (page 64), and today we're looking at a long put spread (page 62) of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version.

On tap for today:

• Pushing all-time highs post-election
• Reviewing last week's FB trade
• Where is the market right now?
• Putting on a long put spread in SPY
• What is the timeframe?
• Setting up the trade
• What is the maximum risk? Reward? Break-even?

Do you have questions that you would like answered on the show? Send them to Brian at [email protected].