Options Playbook Radio 155: AMZN Skip-Strike Butterfly

It's earnings season again. As such, we're looking at a skip-strike butterfly to capture some earnings move. You can find skip-strike butterfiles on page 108 of The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle edition. In this episode, Brian covers: A review of last week's UAL butterfly Lesson to learn: Don't try to hit a home run with a butterfly Putting on a skip-strike butterfly with calls Picking the expiration Looking at the implied volatility Picking strikes What is the net credit? What is the maximum risk?