We are back to strategies this week and are looking at long call spreads...with a twist. If you're following along at home, this is on page 60 of the Options Playbook, but you can always find it on OptionsPlaybook.com.

Jumping in:

• AMZN is announcing earnings in two weeks, but we are looking to avoid those earnings
• We're taking a traditional long call spread, and trying to make it time/premium positive
• What does that mean?
• What is the break-even?
• Setting up the trade
• What adjustment would we make to it?