Last week's episode looked at a backspread with calls. That strategy is on page 83 of the Options Playbook. This week, we will cover a debit put spread, which is on page 62.

In this session, Brian covers:

• A review of last week's AMD backspread
• Why look at FCX?
• Why a long put spread?
• Erring on the side of being too short or too long
• Intrinsic value considerations
• Picking strikes and expiration dates
• Buying as much time premium as selling