We are going to look at a backspread with puts this week. You can find that on page 87 of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version.
Today, Brian discusses:
- A review of the MRO covered call from last week
- Making an adjustment based on new outlook
- Walgreens, which is merging with Rite-Aid, has earnings coming up
- What can we do with that? A backspread with puts
- What is the outlook?
- Setting up the trade
- What is the risk? Reward?
- How to stay out of the valley of death
Do you have questions that you would like answered on the show? Send them to Brian at theoptionsguy@tradeking.com
