Options Playbook Radio 137: Long Butterfly Spreads with Puts

In this episode of Options Playbook Radio we are covering a put butterfly spread. You can find this on page 104 of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. Brian covers: A review of the last few weeks What happened at the OPEC meeting? What resulted in the market? Butterflies like time decay and decreases in volatility - IF you are correct on your forecast Where is MRO now? What does that mean for our positions? What could happen next? Don't discount volatility Setting up a new trade in the S&P 500 Index Picking strikes and expiration date (it's a Monday!)