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Options Playbook Ep. 460 — Exploring #TGT
Brian builds a cheap bullish open wing butterfly on Target ahead of Wednesday's earnings, compares it against a short call spread that doesn't quite pencil out, and lands on a skip strike butterfly on Lowe's instead heading into its own report the same morning.
Options Playbook Ep. 459 — Exploring #VIX, #COP And #CSCO
Brian reviews a hard-fought, ultimately profitable ConocoPhillips trade and a still-working Cisco earnings butterfly, then builds two new VIX trades, a long call and a short call spread, betting that volatility is too cheap heading into the historically turbulent September and October stretch.
Options Playbook Ep. 458 — Exploring #CSCO
Brian sets up two versions of a bullish open wing butterfly on Cisco ahead of Wednesday's earnings, plus a covered-call-on-steroids ratio spread on SpaceX designed to squeeze extra yield out of its unusually steep volatility skew.
Options Playbook Ep. 457 — Exploring #CAT #COP
Brian manages a winning Caterpillar butterfly that's already blown through its target strike after a strong earnings report, adds a fresh speculative butterfly targeting further upside, and opens a new ConocoPhillips put credit spread ahead of its own earnings the next morning.
Options Playbook Ep. 456 — Exploring #COP
Brian rolls a ConocoPhillips diagonal into a long call spread ahead of Thursday's earnings, then builds a wider, more expensive open wing butterfly on Caterpillar targeting a bounce heading into its own report.
Options Playbook Ep. 455 — Exploring #PYPL And #AMZN
Brian Overby rolls a profitable PayPal short put spread forward into September on takeover speculation, then sets up a same-week open wing butterfly on Amazon heading into its earnings report.
The Brew Ep. 498 — Trader’s Workshop — Does Implied Volatility Really Affect Dealer Positioning?
Jason and Lex debate whether gamma is really the dominant risk dealers hedge or whether Vanna and charm now matter more, before turning to a viewer question on whether it's better to be right on direction or on timing.
The Brew Ep. 495 — Trader’s Workshop — A Deep Dive Into the Collar Trade
Mark and Lex build a live collar on Micron, comparing a 30-day structure against a 400-day version to show how elevated implied volatility and the logarithmic nature of returns skew a zero-cost collar's upside far beyond its downside protection.
The Brew Ep. 495 — Trader’s Workshop — A Deep Dive Into the Collar Trade
Mark and Lex build a live collar on Micron, comparing a 30-day structure against a 400-day version to show how elevated implied volatility and the logarithmic nature of returns skew a zero-cost collar's upside far beyond its downside protection.