SNAP's recent IPO has had the name in the news quite a bit these days, so let's take a look at SNAP backspread with calls, which is on page 84 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle edition.

In this episode, Brian covers:

• A review of last week's long call on PFE
• Still figuring out the SNAP valuation
• Where is implied volatility?
• Why a backspread instead of a straddle?
• Selecting the expiration date
• What about earnings?
• Selecting strikes
• What is the expected movement?
• What is the risk? Upside?

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