In this episode, Brian reviews two paper trades from previous episodes and opens up a third. You can find the backspread with calls on page 84 of The Options Playbook, and the put debit spread is on page 62. Plus, this week we'll look at the fig leaf, which you can find on page 56. This is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.

Today, Brian discusses:

• A review of the AMD backspread
• What did AMD do since putting on the trade?
• A review of the FCX debit put spread
• What did FCS do since putting on the trade?
• Re-introducing the fig leaf with AMD
• Using a LEAPS option
• Setting up the trade
• Picking strikes
• What will it cost?
• Why not just do a covered call?

Do you have questions that you want to have answered on an episode of Options Playbook Radio? Send them to Brian at [email protected].