What is there to do (and trade) when markets slow down? Frank from the small exchange weighs in!

From Theory To Practice hero image

Monday - Friday | 1:00 - 1:20p CT

From Theory To Practice

Dr. Schultz (an academic and trader) explains theoretical trading concepts and practical application to take your trading to the next level.

High-Priced Stocks Hold Extrinsic Value Longer
View Slides
Jun 18, 2021

Higher-Priced stocks tend to hold extrinsic value longer, and we see a perfect example of that today with our AMZN position.

Anticipating Roll Prices
View Slides
Jun 17, 2021
Here’s what to expect when you roll an undefined-risk or defined-risk position at tastytrade.
Core Strategies: Iron Condor Basics
View Slides
Jun 16, 2021

The Iron Condor is effectively the defined-version of the Short Strangle at tastytrade, so let’s familiarize ourselves with how to understand this strategy.

The Beauty of the Big Butterfly
View Slides
Jun 15, 2021

Big Butterflies make generating profits near expiration easier because you don’t have to pin the short strike, just get over the first long option strike.

Shorter Duration Iron Condors
View Slides
Jun 14, 2021
One way to potentially mitigate the negative effect of all the friction in an Iron Condor is to enter them with fewer days in the expiration cycle.
How to Avoid Assignment from a Dividend
View Slides
Jun 11, 2021
When stocks pay dividends, any in-the-money short calls are subject to possible assignment. Here’s how to avoid it at tastytrade.
Tips for Undefined-Risk in Small Accounts
View Slides
Jun 10, 2021

Have a small account? Want to do undefined-risk strategies? Here are three tastytrade-approved boxes to check for every position.

Core Strategies: Going Inverted on Strangles & Straddles
View Slides
Jun 9, 2021

Going inverted is an important part of the adjustment process for our Short Strangles - one of the classic tastytrade short premium strategies.

Defending Iron Condors
View Slides
Jun 8, 2021
Rolling an Iron Condor into an Iron Fly at tastytrade can significantly reduce your risk in the trade, but it also comes with reduced profitability.
How Extrinsic Value Shields Losses
View Slides
Jun 7, 2021
Even as premium sellers that almost always want extrinsic values to fall over time, there are times when having more extrinsic value in our positions actually helps.
Why Debit Rolls Increase Risk
View Slides
Jun 4, 2021
Collecting credits on our rolls at tastytrade allow us to decrease our risk in the trade, whereas paying a debit on a roll would increase our risk in the trade.
Short Put or Ratio Spread?
View Slides
Jun 3, 2021

Short Puts and Put Ratio Spreads are strong, bullish strategies at tastytrade. Here’s how to choose one over the other.

Core Strategies: Strangles and Straddles Management
View Slides
Jun 2, 2021

Should we manage even earlier with Straddles at tastytrade? Let’s look at how the risk-return profile changes depending on the length of the trade.

Remembering Duration Over Direction
View Slides
Jun 1, 2021

When a position is at or inside of 21 DTE and getting close to expiration, if we can roll it forward for a credit, we almost always opt to do that at tastytrade.

Why We Manage at 21 DTE
View Slides
May 28, 2021
Managing at 21 DTE at tastytrade not only minimizes gamma risk, but it also maximizes time decay
Rolling Ratio Spreads
View Slides
May 27, 2021

With the handful of Ratios we currently have on in the portfolio, we work through these points of consideration today.

Core Strategies: Straddle and Strangle Daily P&L
View Slides
May 26, 2021

Lower delta Strangles maintain a fairly consistent daily P&L throughout the trade, but higher delta Strangles see big decreases in daily P&L later in the cycle at tastytrade.

The Mini JEM Earnings Strategy
View Slides
May 25, 2021
Sometimes we might prefer a “Mini-JEM” strategy for earnings to give us slightly more exposure to the Greeks at tastytrade.
Why We Don’t Leg Out of Iron Condors
May 21, 2021

By not legging out of an Iron Condor at tastytrade, we’re able to roll more effectively to the next cycle for a credit

Unwinding an Assignment
View Slides
May 20, 2021
Getting assigned is never a fun experience, but it’s also not as scary as you might think, as we see with the TWO assignments that just happened in our portfolio at tastytrade.
Core Strategies: A Focus on Straddles
View Slides
May 19, 2021
Strangles and Straddles differ in their risk-return dynamics, but as we see today, there may be specific times for one strategy over the other.
What to Do When Vertical Spreads Aren't Working
View Slides
May 18, 2021

Often times at tastytrade, when we have a vertical spread on that isn’t working, the best move is to simply do nothing and let the probabilities play out.

Can Earnings Save You?
View Slides
May 17, 2021

An upcoming earnings announcement can serve as the catalyst to an explosive move in our favor at tastytrade to salvage a bad position.

Holding Positions at Max Loss
View Slides
May 14, 2021

When you have a defined-risk, short premium strategy that has moved fully ITM and is marking at max loss, it doesn’t make sense at tastytrade to close early.

How to Boost Theta
View Slides
May 13, 2021

Different strategies will generate different amounts of portfolio theta - here’s how to boost theta efficiently at tastytrade.

tastytrade content is provided solely by tastytrade, Inc. (“tastytrade”) and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, transaction or investment strategy is suitable for any person. Trading securities can involve high risk and the loss of any funds invested. tastytrade, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. Investment information provided may not be appropriate for all investors, and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. tastytrade is not in the business of transacting securities trades, nor does it direct client commodity accounts or give commodity trading advice tailored to any particular client’s situation or investment objectives. Supporting documentation for any claims (including claims made on behalf of options programs), comparison, statistics, or other technical data, if applicable, will be supplied upon request. tastytrade is not a licensed financial advisor, registered investment advisor, or a registered broker-dealer. Options, futures and futures options are not suitable for all investors. Prior to trading securities products, please read the Characteristics and Risks of Standardized Options and the Risk Disclosure for Futures and Options found on

tastyworks, Inc. ("tastyworks") is a registered broker-dealer and member of FINRA, NFA and SIPC. tastyworks offers self-directed brokerage accounts to its customers. tastyworks does not give financial or trading advice nor does it make investment recommendations. You alone are responsible for making your investment and trading decisions and for evaluating the merits and risks associated with the use of tastyworks’ systems, services or products. tastyworks is a wholly owned subsidiary of tastytrade, Inc (“tastytrade”). tastytrade is a trademark/servicemark owned by tastytrade.

Quiet Foundation, Inc. (“Quiet Foundation”) is a wholly-owned subsidiary of tastytrade The information on is intended for U.S. residents only. All investing involves the risk of loss. Past performance is not a guarantee of future results. Quiet Foundation does not make suitability determinations, nor does it make investment recommendations. You alone are responsible for making your investment and trading decisions and for evaluating the merits and risks associated with the use of Quiet Foundation’s systems, services or products.

Small Exchange, Inc. is a Designated Contract Market registered with the U.S. Commodity Futures Trading Commission. The information on this site should be considered general information and not in any case as a recommendation or advice concerning investment decisions. The reader itself is responsible for the risks associated with an investment decision based on the information stated in this material in light of his or her specific circumstances. The information on this website is for informational purposes only, and does not contend to address the financial objectives, situation, or specific needs of any individual investor. Trading in derivatives and other financial instruments involves risk, please read the Risk Disclosure Statement for Futures and Options. tastytrade is an investor in Small Exchange, Inc.

© copyright 2013 – 2021 tastytrade. All Rights Reserved. Applicable portions of the Terms of use on apply. Reproduction, adaptation, distribution, public display, exhibition for profit, or storage in any electronic storage media in whole or in part is prohibited under penalty of law, provided that you may download tastytrade’s podcasts as necessary to view for personal use.