We are in the heart of earnings season, and next week a lot of the FANG stocks will announce. Two weeks ago, we did a diagonal spread in GOOGL. Let's follow up on how that went, and look at a skip-strike butterfly, as well. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.
Specifically:
How was the diagonal spread set up? What happened to GOOGL since the paper trade was established? What are we doing now? Setting up the skip strike butterfly Selecting strikes and expiration date What is the cost? Remember implied volatilities! What happens if we are wrong? Right? And more...Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.