Today we are going to take a look at long calendar spread with calls on a little known company called Apple. This is on page 90 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle.

Specifically:

• What can you do going into earnings?
• How to "control" implied volatility around earnings
• AAPL indicates that it will announce earnings on April 25
• What are the implied volatilities for the at-the-money calls expiring around that date?
• Setting up the trade: picking strikes and expirations
• What is the net cost for the spread?
• What do we want to happen?
• Plus, reviewing the GPS butterfly and the ABT straddle

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