Taking advantage of the OPEC meeting and ensuing volatility with a long butterfly on MRO.
Download Options Playbook Radio 136: MRO Butterfly Spread with Calls
In this episode of Options Playbook Radio we are covering a call butterfly spread. You can find this on page 102 of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle?version.
Brian covers:
- A review of the last strategy
- Taking advantage of the OPEC meeting and the ensuing oil volatility
- Putting on a butterfly in MRO
- Picking the expiration and the strikes
- What will it cost? What is the upside? Breakeven?
- What is our outlook?