The Options Playbook

📚 Your complete guide to options trading • 40+ strategies from beginner to advanced • Making options accessible for all traders 🎯

[The Options Playbook @TheOptionsPB]

Options don't have to be complicated. Order your copy of The Options Playbook now!

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[The Options Playbook @TheOptionsPB]

📈 $CVX @ $207.59
👉 CVX - Diagonal Call Spread
🗓️ Expiration: 10/30/2026 & 10/16/2026

💰 Net Debit: $3.85
🟢 Buy 1 CVX 210 Call, 10/30
🔴 Sell 1 CVX 215 Call, 10/16

👇 Want the full playbook? Grab your copy 📖
https://t.co/pzWOPqkvd6

#OptionsTrading #CVX #Options #Earnings

[The Options Playbook @TheOptionsPB]

📈$COST @ $895.15

👉 COST - Skip-Strike Call Butterfly

🗓️Earnings: 09/24/2026 after the close
🗓️Expiration: 09/25/2026

💰 Net Credit: $0.50
🟢 Buy 1 COST 930 Call
🔴 Sell 1 COST 935 Call
🟢 Buy 1 COST 945 Call

👇 Learn more
https://t.co/ricu3P9lo3

#OptionsTrading

[The Options Playbook @TheOptionsPB]

📈$MU @ $1,040.36
👉 MU - Bullish Short Put Spread
📅 Expiration: 10/09/2026
💰 Net Credit: $7.00
🔴 Sell 1 $MU 980 Put
🟢 Buy 1 $MU 960 Put

👇 Want the full playbook? Grab your copy 📖
https://t.co/pzWOPql32E

#OptionsTrading #MU #Options

[The Options Playbook @TheOptionsPB]

Two NVDA call positions, both underwater. Brian Overby pulls up the live P&L to show what time decay actually did, down 190 on one and 105 on the other. Theory made real.

[The Options Playbook @TheOptionsPB]

Free How-To Guide to VIX option trading

📈$VIX @ 16.70 - OCT Future 18.50

👉 VIX Open-Wing Call Butterfly
📅 Expiration: 10-21-2026
💰 Net Debit: $1.00

🟢 Buy 1 VIX 17 Call
🔴 Sell 2 VIX 22 Calls
🟢 Buy 1 VIX 23 Call

👇 How to Guide on VIX Option
https://t.co/V5YIP95ZSJ

[Brian Overby @BrianOverby]

https://t.co/uQ0hNIwn9k

[The Options Playbook @TheOptionsPB]

📺 Clip from #OGTV Ep. 468
📈 $ORCL @ $143.50
👉 Long Call Spread Adjustment
⌛ Expiration: 10-23-2026
💰 Adjustment: $1.50 Net Credit
🟢 Sell to Open 1 ORCL 170 Call
🔴 Buy to Close 1 ORCL 190 Call

Want the full playbook? Grab your copy 📖
https://t.co/pzWOPqkvd6

[The Options Playbook @TheOptionsPB]

📺 Clip from #OGTV Ep. 466

📈 $ORCL @ $161.21

👉 Long Call Spread

⌛ Expiration: 10-23-2026

💰 Trade Price: $9.50 Debit

🟢 Buy 1 ORCL 160 Call

🔴 Sell 1 ORCL 190 Call

👇 Learn more about Long Call Spreads
https://t.co/9DZlW8AFiH

[The Options Playbook @TheOptionsPB]

A bullish open wing butterfly with calls from Brian Overby: buy the 375 call, sell two 395s, buy one 407.50, for a 4.20 debit. Max risk is the $420 you put in. Here's how the structure works.

[The Options Playbook @TheOptionsPB]

Time decay is the buyer's worst enemy and the seller's best friend. Brian Overby flips the trade to the sell side, where that accelerating decay into expiration works entirely in your favor.

[The Options Playbook @TheOptionsPB]

Buying an option comes down to one balance: delta versus time decay. Brian Overby explains the trade-off between paying up for delta and getting eaten alive by theta on the cheap ones.

[The Options Playbook @TheOptionsPB]

📺 Clip from #OGTV Ep-464

📈 $DELL Skip-Strike Butterfly

⏳ Expiration: 09-04-2026

💰 Trade Price: $0.50 Credit

🟢 Buy 1 DELL 520 Call
🔴 Sell 2 DELL 525 Calls
🟢 Buy 1 DELL 535 Call

👇 Want the full playbook? Grab your copy 📖
https://t.co/pzWOPqkvd6

[The Options Playbook @TheOptionsPB]

At the money is always a 50 delta. Brian Overby shows what happens on expiration day: one dollar in the money and the delta rockets from 50 to 90. Time left is what makes delta calm or violent.

[The Options Playbook @TheOptionsPB]

📈 $NVDA Open-Wing Butterfly
🗓️ Earnings: Wednesday, Aug. 26, after the close
⏳ Expiration: 09-11-2026
💰 Trade Price: $3.90 Debit
🟢 Buy 1 NVDA 215 Call
🔴 Sell 2 NVDA 235 Calls
🟢 Buy 1 NVDA 250 Call

👇 Want the full playbook? Grab your copy 📖

https://t.co/pzWOPqkvd6

[The Options Playbook @TheOptionsPB]

Delta doesn't sit still. Brian Overby shows how it climbs as the stock rises, moving with every dime the underlying travels. Understanding that it's dynamic changes how you read a position.

[The Options Playbook @TheOptionsPB]

📺 Clip from Fundemental Fridays Ep. 19

📈 $NVDA Cash-Secured Put
🗓️ Earnings: Wednesday, Aug. 26, after the close

⏳ Expiration: 09-18-2026

💰 Trade Price: $9.25 Credit

🔴 Sell 1 NVDA 215 Put

👇 Learn more about Cash-Secured Puts
https://t.co/9DSLi2ACmP

[The Options Playbook @TheOptionsPB]

Forget the textbook. Brian Overby shares the delta definition traders use on the floor: the probability an option finishes in the money. So universal that "50 delta" is trader slang for a coin flip.

[The Options Playbook @TheOptionsPB]

📈 $TGT Open-Wing Butterfly with Calls
📅 Earnings: Wednesday, Aug. 19, before the open

⏳ Expiration: 08-21-2026
💰 Trade Price: $0.90 net debit
🟢 Buy 1 TGT 157.50 Call
🔴 Sell 2 TGT 162.50 Calls
🟢 Buy 1 TGT 165.00 Call

👇 Want the full playbook?

https://t.co/pzWOPqkvd6

[The Options Playbook @TheOptionsPB]

📺 Clip from #OGTV Ep. 459

📈 $VIX Long Call

⏳ Expiration: 09-16-2026
💰 Trade Price: $1.84 debit
✅ Buy 1 VIX 18 Call

👇 Learn more about Long Calls here

https://t.co/ZkaJgTmK07

👇 Want the full playbook? Grab your copy 📖

https://t.co/pzWOPqkvd6

[The Options Playbook @TheOptionsPB]

High implied volatility into earnings makes calls expensive. Brian Overby uses a long call spread instead: the short call offsets the cost and gains as volatility drops and time decay kicks in after the report. Bullish exposure, lower cost.

[The Options Playbook @TheOptionsPB]

Every book defines delta the same dry way: how the option moves relative to the stock. Brian Overby calls that definition boring and not very helpful, and points to a better way to think about it.