Description

For the last few episodes, we explored backspreads in SNAP. This week we shift gears to another name that is highly volatile right now, United Air Lines. Let's explore a long butterfly spread with UAL calls.

In this episode:

• A review of the SNAP backspreads
• Volatility in UAL skyrockted
• Why choose a butterfly spread?
• Choosing a one-day trade
• Selecting strikes
• Setting up the trade
• What is the cost?
• What do we want to happen?