Options Playbook Radio 149: ABT Long Straddle

Today we are looking at a long straddle. You can find this in The Options Playbook, on OptionsPlaybook.com, or on the Amazon Kindle. In this episode, Brian discusses: A review of the long GPS put spread that was adjusted into a butterfly How was the butterfly constructed, and for what price? What has happened since the adjustment? What to do now? Remember, butterflies love time decay Moving into the healthcare sector, implied volatility is low in Abbot Labs Where is 30-day IV in Abbott Labs? When does ABT announce earnings? Putting on a 35-day straddle Picking strikes What is the cost? What about a fig leaf? (aka leveraged covered call) Picking the strikes What is the cost? Do you have questions that you would like answered on the show? Send them to Brian at [email protected].