Today, we are heading back to the playbook and looking at a YHOO skip-strike butterflies with an approximately 15-day expiration.
Download Options Playbook Radio 101: YHOO Skip-Strike Butterfly
Great thanks to everyone who participated in the Options Playbook Radio 100th episode extravaganza. Today, we are heading back to the playbook and looking at a YHOO skip-strike butterflies with an approximately 15-day expiration.
Specifically:
- Avoiding the expiration that has the earnings
- Setting up the trade
- What is the maximum profit?
- What is the maximum risk?
- What do we want to happen in YHOO?
- When would you use a skip-strike butterfly?
- What’s the worst-case scenario?