Options Playbook Radio 182: FB Ratio Put Spread

Today we are going to look at a ratio spread with puts on FB. In this episode: A review of last week's skip-strike butterfly in AMZN. What was the strategy? Expectation? Where is AMZN now? What about GOOGL? How do you want the market to move when you have a butterfly position? FB earnings are coming up. Let's look at a ratio spread. What is the outlook? Setting up the trade. Selecting strikes. What is the cost? What do we want to happen? What is the cost? Remember volatility.