Options Playbook Radio 209: Long Call Spread with a Possible Roll

We are back in the saddle discussing options strategies. With the VIX in the low- to mid-teens, that makes for an interesting time to look at volatility. We are going to look at a long call spread, possibly with a roll. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, or on the Amazon Kindle edition. Specifically: Indexes and volatility Looking to do this trade for positive theta Selecting expriations What's a time bomb butterfly? Setting up the trade Selecting strikes What do we want to happen? What is the max risk? Reward? To adjust or not to adjust? Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].