Let’s talk about how to roll a butterfly into a put spread.
Download Options Playbook Radio 138: Rolling a Butterfly into a Put Spread
In this episode of Options Playbook Radio we are covering a long butterfly spread with puts. You can find this on page 104 of The Options Playbook, on OptionsPlaybook.com, or in the Amazon Kindle version.
Specifically:
- A review of last week’s trade
- What was the sentiment?
- What was the set up?
- What was the cost?
- What happened since we put on the trade?
- Rolling this into a short put spread
- Don’t forget about volatility!
- How do we roll this?
- What is the new position?
- What is the cost?
- Beware of over trading