Options Playbook Radio 73: Backspreads around a Long Stock Position
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In this episode, we are going to look at how to insure a long USO position using backspreads with puts. If you have the hardcover version of the book, you can follow along on page 87. If you want to follow along online, you can do so at OptionsPlaybook.com.
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\\nIn this episode, Brian discusses:
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- How the price of oil is reflected in USO \\n
- Where are things priced now? \\n
- How to ensure a USO stock position \\n
- How to tie backspreads to a stock position \\n
- This is AKA a pay-later put \\n
- How to set it up \\n
- What are we hoping will happen? \\n
- Potential gains and losses \\n
- Caveats and considerations \\n