Options Playbook Radio

First we look at recent trades in Pepsi and Nvidia. Then on today's episode, we use a diagonal spread in Costco. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. 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].

THE HUDDLE

Comment from Georgi - Hi Brian, Thanks a lot for taking the time and elaborate on my question about OTM Calls, on Jan 17 on Options Playbook Radio! You guys are doing a great job! I have been listening to you for a while and I am very pleased with the content and the way you present it. I enjoyed how you tried to pronounce my Yahoo nickname "joro joro ". My name, in fact, it is Georgi or George in English. Cheers,Georgi G.

Question from Dave B. - Hi, I have a question about what is the best strategy to use for my trading system. I typically am only right on about three or four trades out of every 10 with long stock. The trades that I am wrong on, I take a small loss - somewhere between 5 to 10% but only 1-2% of the total capital as I typically take 10% positions. The trades that I am right on, I typically make 50% up to 200% over a 3 to 12 month period. I want to find an options strategy to increase returns via leverage, but keep total portfolio risk per trade about the same. Would DITM calls or spreads make sense to you? Or is there another strategy I could (should) consider. Thank you! Dave B.

Question from T Whitaker - I like all of Brian's earnings strategy episodes of options playbook. It seems like Brian prefers to use skip strike butterflies whenever trading around earnings. But are there ever times when he will utilize other strategies around earnings - maybe straight long/short calls or puts when he feels there is an edge? Good show and loving the playbook website as an addendum.

Question from Leg77 - MIAX making it official with 16 exchanges. What do you guys think about more players entering the options game?

Question from LaCrute2 - Funded my Ally options account and I'm enjoying the options playbook program. Thinking about picking up the book as well. We need to have Brian and Mark do a regular show for the Ally options folks that we can listen to while we're trading.

We start the show by reviewing the performance of our Pepsico Earnings diagonal spread from last show. This week we breakdown a bullish Christmas Tree Butterfly in NVDA going into earnings. With NVDA at $152.88 Brian wants to buy 1 Feb15 165 Call, Sell 3 Feb15 167.50 Calls and then Buy 2 Feb15 170 Calls for a net credit of $.20

Today Brian breaks down a diagonal spread around PepsiCo (PEP) earnings. Tune in to learn how you can implement a similar strategy into your own options trading. As always, if you have any questions or suggestions for future episodes of Options Playbook Radio please send them to [email protected]

Today we will be using a skip strike butterfly in Amazon. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. 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].

TESLA SKIP STRIKE CALL FLY

• Host: Brian Overby, Senior Options Analyst - AKA The Options Guy - at Ally Invest

If you like to trade volatile stocks then TSLA has you covered. Today we're going to trade a Skip Strike Call Butterfly using Tesla options. This is an advanced play so make sure you've reviewed the Options Playbook before proceeding. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, and on the Amazon Kindle edition.

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].

Options Playbook Radio 243: Huddling Up About Premium Harvesting and Covered Calls

Today Mark and Brian answer questions about

• How to safely harvest premium in a volatile environment by selling puts
• What criteria should you evaluate when constructing a covered call portfolio?

Options Playbook Radio 242: Huddling Up About Expiration, Calls vs. Spreads and More

• Host: Mark Longo, Founder and CEO - The Options Insider Media Group
• Co-Host: Brian Overby, Senior Options Analyst - Ally Invest

In this episode Brian and Mark huddle up to answer the following questions:

• QUESTION FROM Paul Vasquez: When is the "official" close as far as options expiration is concerned? I've had calls assigned and had stocks put to me when the strike was out of the money at market close but it moved in and out during after hours trading. Any light you can shed on how expirations work would be appreciated. Thanks Paul, Sacramento, CA

• QUESTION FROM B0R1NG: When do you just buy a call vs a spread? Is that ever the preferable option?

• QUESTION FROM COS7MNT: What's the ideal time frame for trading options? Mostly short-term?

Huddle up, listeners! We're taking your questions, including:

• The options question of the week: What is the largest open options position in AAPL right now?
• Given the skew set up in equities, why would you ever buy a collar?
• Why are there no options on VXAPL?
• Will we ever have a VIX index product that you can actually buy/sell?

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].