Options Playbook Radio 238: Rinse and Repeat Time Bomb Butterfly
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When the market conditions are right, it can be a good time to trade a butterfly in the S&P 500. Now is the time. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.
Specifically:
- As of this recording, the VIX is higher than last week, but down a bit on the day
- A review of last week
- Where is the market now?
- Let\'s do another 20-point wide butterfly
- Selecting strikes
- What does it cost?
- What\'s the maximum gain?
- What about the hedge?
- And more...
Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.
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