Options Playbook Radio 138: Rolling a Butterfly into a Put Spread

In this episode of Options Playbook Radio we are covering a long butterfly spread with puts. You can find this on page 104 of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version. Specifically: A review of last week's trade What was the sentiment? What was the set up? What was the cost? What happened since we put on the trade? Rolling this into a short put spread Don't forget about volatility! How do we roll this? What is the new position? What is the cost? Beware of over trading