Today Brian Overby discusses putting on double diagonals around what the Fed might do.

Download Options Playbook Radio 89: Double Diagonals, Continued

You can find information about double diagonals on page 128 of the Options Playbook, or you can always find it on OptionsPlaybook.com.

In this episode, Brian discusses:

  • Will the Fed increase rates the next time they meet?
  • How can using double diagonals take advantage of the probability of the Fed increasing rates?
  • Structuring the double diagonal to wrap around the news from a timing point of view
  • What about volatility?
  • Setting up the trade
  • What do we want to happen?
  • What is the biggest thing to worry about?