Options Playbook Radio 123: Adjusting a Long SPX Put Spread

Continuing with the long SPX put spread that we put on last week, Brian looks at current market conditions and decides if and how to make any adjustments. If you want to follow along in the Options Playbook, this is on page 62. You can always find this information on OptionsPlaybook.com. This week Brian discusses: What happened after the Fed meeting last week? A recap of last week's strategy What did the market do? Based on how the market moved, how do we make an adjustment? Picking the strikes What is the risk? Cost basis? What are the possibilities within the strikes of the butterfly? Given where the market is, what should we do? What is the outlook? What is the adjustment Do you have a question that you would like to have answered on Options Playbook Radio? You can submit your feedback right on the Options Playbook Radio Facebook page. There, you will also find past episodes, and more from your host Brian Overby.