Options Playbook Radio 157: FB Iron Condor into Earnings

Last week we looked at an inverse, skip-strike butterfly on AAPL before earnings (page 112). Today, we will explore a FB iron condor (page 126). This is always available on OptionsPlaybook.com, or on the Amazon Kindle edition. In this episode, Brian covers: A review of last week What are the benefits and risks of the skip-strike butterfly? What has happened since we put the trade on? What should you have done? What is going on with FB? Setting up the trade What is the expected move after earnings? Selecting the expriation Selecting the strikes What is the maximum risk? Reward? What is the ideal scenario? Do you have questions that you would like answered on the show? Send them to Brian at [email protected].