Options Playbook Radio 135: Thanksgiving Huddle Edition

In this episode, recorded the day before Thanksgiving 2016, Brian is joined by Mark, and they take on listener questions and comments. This includes: Options#QuestionOfTheWeek: Great traders need many weapons in their arsenals. But everyone has a favorite. What is yours? Vertical/Ratio Vertical Iron Condor/Iron Fly Straddle/Strangle Covered Call/Short Put What is Brian's answer? Long Butterflies! Listener questions include: When the market is rallying, what's wrong with just buying calls? Has anyone studied the effect of selling weekly options vs monthly options INCLUDING commissions? Seems like that would be a big factor when writing so many contracts. Are skip-strike butterflies the same thing as broken wing butterflies? Why trade volatility versus direction or income? Discuss the delta of VIX