Tired of trying to find UNH cheese and just want out of the trap? In this episode, we break down a front spread, also known as a call ratio spread, built for traders who already own 100 shares of UNH and want options to, literally, get unstuck. By buying one 300 call and selling two 315 calls expiring Friday, March 6, 2026, the trade was placed for about a $1.00 net credit with UNH near 281.70. We explain the front spread logic, why it is considered covered, the payoff, and the fine print that matters. Listen in to hear how this escape plan unfolds.

Link to the Strategy in OptionsPlaybook.com:

https://www.optionsplaybook.com/option-strategies/call-ratio-vertical-spread

HOST: Brian Overby, Options Playbook

Buy 1 SPXW Nov 10th 6805 Strike Call

HOST: Brian Overby, Options Playbook Radio

The OPR strategy today is an Open-Wing Butterfly Spread on AMZN ahead of the company's earnings announcement after the close today, Thursday, October 30th.
BUY +1 AMZN 31 OCT 235 STRIKE CALL
SELL -2 AMZN 31 OCT 245 STRIKE CALL
BUY +1 AMZN 31 OCT 250 STRIKE CALL
NET DEBIT $2.18

Brian's latest actionable trade idea...a VIX butterfly!

Trade Breakdown

• Butterfly spread entry with 1 buy and 2 sell orders

• VIX 22 OCT 25 AM options at strikes 15, 20, and 22

• Call type with a debit order at 1.65 price

• Quantities: +1, -2, +1 respectively

On this episode Brian breaks down a GLD Butterfly:

GLD SPDR Gold Trust: $338.75 (up 3.09%),

• GLD Long Open-Wing Butterfly: Debit Mid $3.00
• Leg 1: Buy to Open, 1, 2025-09-19, Strike 345.00, PUT
• Leg 2: Sell to Open, 2, 2025-09-19, Strike 339.00, PUT
• Leg 3: Buy to Open, 1, 2025-09-19, Strike 337.00, PUT
• Max Risk: $300 per 1x2x1 Spread Executed
• Max Reward: $300 per 1x2x1 O-W Butterfly Established

Brian Overby is back with a great NVDA options play.

On this episode, Brian talks about an SPX butterfly trade.

We are pleased to welcome back Brian Overby and his popular Options Playbook Radio program.

On this episode, Brian talks about his VIX modified butterfly trade.