Description

Last week we looked at an inverse, skip-strike butterfly on AAPL before earnings (page 112). Today, we will explore a FB iron condor (page 126). This is always available on OptionsPlaybook.com, or on the Amazon Kindle edition.

In this episode, Brian covers:

• A review of last week
• What are the benefits and risks of the skip-strike butterfly?
• What has happened since we put the trade on?
• What should you have done?
• What is going on with FB?
• Setting up the trade
• What is the expected move after earnings?
• Selecting the expriation
• Selecting the strikes
• What is the maximum risk? Reward?
• What is the ideal scenario?

Do you have questions that you would like answered on the show? Send them to Brian at theoptionsguy@tradeking.com.