Options Playbook Radio 103: Buying an Out-of-the-Money Put in VZ

Last week, we initiated a bull put spread paper trade in GPS, and reviewed a YHOO skip-strike butterfly. Now, we will review. Specifically: Reviewing strategies. What strategies work best and when? Looking at the long call, which is on page 40 of The Options Playbook, or on OptionsPlaybook.com What happened since GPS announced sales? What is going on with YHOO? Setting up a paper trade in VZ What is notable right now in VZ Looking at buying an out-of-the-money put in VZ The setup, the cost, the delta, and IV Under what circumstances would you buy an out-of-the-money option?