This week we will look at a long butterfly with calls. You can find more on page 102 in The Options Playbook, which is always available on OptionsPlaybook.com, or on the Amazon Kindle edition.

Specifically:

• A review from last week (diagonal spread with calls)
• Staying in FedEx
• Earnings! June 19'
• Setting up the trade
• Selecting strikes, expiration
• What is the maximum risk? Reward?
• What do we want to happen?
• And more...

Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].