This week we will buy options in a stock that is at the low end of the implied volatility range. You can find long calls on page 40 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle. To review the long calendar spread with calls, see page 90.

In this episode:

• A review of last week's AAPL long calendar spread
• Implied volatility of PFE is somewhat low
• General rules of buying options contracts
• What contract to buy and why?
• Picking the strike and expiration
• What will it cost?
• You get more delta when you have more time on OTM options
• What about the dividend?

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