
Options Playbook Radio 460: Slinging 0DTE Butterflies in SPX
Nov 11, 2025 - 12:54
Radio and PodcastLive Radio & Podcasts
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,...
Options Playbook Radio 461: Escape the UNH Trap is an episode from Options Playbook Radio by The Options Insider Radio Network. Tired of trying to find UNH cheese and just want out of the trap? In this episode, we break down a front spread,...
This episode belongs to Options Playbook Radio.
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Published Jan 28, 2026, 09:05 long, audio available.
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:
You can listen to Options Playbook Radio 461: Escape the UNH Trap online on Radio and Podcast. Open the player on this page to stream the available audio.
Options Playbook Radio 461: Escape the UNH Trap is an episode from Options Playbook Radio by The Options Insider Radio Network.
This episode is 09:05 long.
This episode was published on Jan 28, 2026.
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You can listen to Options Playbook Radio 461: Escape the UNH Trap on this page when the episode audio is available from the podcast feed.
Options Playbook Radio 461: Escape the UNH Trap is from Options Playbook Radio by The Options Insider Radio Network.
Published Jan 28, 2026 and 09:05 long