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Anatomy of a Trade

Sometimes trades do not go exactly as planned. But, there is usually a response that can help make “lemonade out of lemons”. In ”Anatomy of a Trade”, we look at a trade we made live on the air that went off the rails and examine a strategic approach for how we got it back on track.

Managing Two Iron Condors in AMZN
Jun 18, 2019
Tom and Tony talk about how to defend neutral positions and how the defined risk nature of iron condors plays a role in management tactics.
Managing an Earnings Ratio Spread
Dec 10, 2018
We can greatly improve the probability of success for earnings trades with proper management. Tune in to hear how Tom and Tony manage a sour put ratio spread!
Trading Around Alibaba
Oct 2, 2018
We like to trade the same product multiple times. What's the best way to manage these positions? Stay mechanical, of course!
Inverted in STX
Sep 25, 2018
Sometimes the underlying sells off 7% after you sell a straddle... Tune in to see how we manage that scenario!
Managing Defined Risk in FB
Sep 18, 2018
Check out how we manage an Iron Condor when the underlying moves nearly 20% against you through earnings.
Managing an Inverted Position
Aug 28, 2018
Tom and Tony talk about Tony's recent trade in LEN where he was down more than $400 at one point, but at the end he was able to walk away with a scratch.
A Small Loser is Better Than a Large One
Aug 7, 2018
Tom and Tony take a look at Tony's trade in WYNN to see what went wrong, and how tastytrade mechanics turned a large loser into a manageable one.
Bad Timing, Good Mechanics
Jul 24, 2018
Tony sells premium in BIDU when IVR climbed above 50%. Watch as the position gets whipsawed multiple times, and Tony ends up with basically a scratch.
Managing An Unstoppable Stock Anatomy of a Trade
Jul 16, 2018
Sometimes your trade doesn't perform as expected. In this episode Tom and Tony discuss managing against a stock that won't stop rallying.
MU - Defending Against a Whipsaw
Jul 6, 2018
Watch as Tony defends his call ratio in MU against a classic whipsaw scenario and turns a loser into a scratch.
Defending Wide Iron Condors
May 15, 2018
tastytrade highlights how they defended an expensive, wide Iron Condor step-by-step.
A Rollercoaster Experience
May 8, 2018
tastytrade walks through how they defended a wide Iron Condor in an expensive stock like TSLA. Whether in an IRA or Margin account, check this segment out.
Two High Tech ICs
Apr 9, 2018
tastytrade walks through two Iron Condors in tech stocks and explains how they defended them when experiencing losses.
Worst Time to Roll in AMZN
Dec 26, 2017
On Nov 9th, we put on a neutral Iron Condor in AMZN after an upwards earnings gap, assuming the stock price will move sideways. Tom and Tony discuss how we rolled the position twice to recover losses.
Rolling a Loser Into a Gain in SNAP
Dec 18, 2017
Before SNAP's earnings, we initiated a bullish Iron Condor. However, the stock fell off the cliff the next day. What can we do to fix this?
Deal with Assignment in UAL
Dec 6, 2017
Before UAL's earnings, we initiated a neutral Iron Condor. However, the stock price breached the short put strike quickly and the position got assigned. What can we do to fix this awkward position?
Bad Timing, Good Mechanics in TLT
Oct 23, 2017
Timing isn't everything, but it can sure help when trading! What could happen if we entered every single order at wrong time, but we still follow the mechanics no matter what?
Rolling an Iron Condor in MCD
Oct 2, 2017
What can you do if the short-strike of a risk-defined strategy gets tested and the stock price never came back?
Defending Risk-Defined Positions (CMG)
Sep 25, 2017
What could be the worst situation that happened to your position? Getting tested on both sides in the same expiration cycle! What tactics can we use to turn these bad trades around?
Defending an Earnings Iron Condor
Sep 18, 2017
What would you do when the stock price quickly breached your short strike after earnings? What is the most effective way to fight against the losing position?
KMX - Anatomy of a Trade
Sep 28, 2016
So, you did everything right but things didn't go your way? We are convinced that even those trades, when properly handled, can often be turned into scratches or small winners. We outline how to handle
Trade Gone Wrong: OIH
Apr 20, 2016
How do we use duration and volatility to turn losing trades into winners?
Butterfly Adjustments
Oct 23, 2015
This segment explains how we can take advantage of a market move against us when we are long a broken wing butterfly to establish a risk free trade.
Anatomy of COST & UVXY
Sep 11, 2015
This segment examines recent trades in COST and UVXY that went wrong and how by following our philosophy of trading both losers were turned into winners!
AT&T  (T)
Aug 14, 2015
This segment explains how a laddered covered put trade in AT&T (T) went wrong and the steps taken in reaction that turned a loser into a winner!

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