Options Playbook Radio 59: Skip Strike Butterflies, Continued

In this episode, Brian continues his discussion of Skip Strike Butterflies. If you have the hard copy version of The Options Playbook, turn to page 108 for calls, or page 110 for puts.

Today, Brian discusses:

• A review of last episode
• A real-world example using Priceline, which posts earnings on 5/7 before the open
• Let’s look at the ATM straddle for the options expiring on 5/8.
• What has happened previously to Priceline around earnings?
• What to do about that?
• What is the upside?
• What is the downside?