Options Playbook Radio 122: Long Put Spread in SPX

This week, we are moving past earnings to look a the overall market. To do this, we'll try a long put spread, which is on page 62 of The Options Playbook. You can always find the information online at OptionsPlaybook.com. Today, we discuss: A review of last week's bull call spread on FL What was our forecast? What happened? Now that earnings are mostly over, let's look at the general, overall market Setting up a long put spread in the S&P 500 Picking expriations: why weekly options over standard options? With these expriations, we are selling more time premium that we are buying Picking strikes: where is the SPX right now? Will Labor Day impact the spread? What was the net cost? Risk? Don't forget about commissions!