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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.

A Roadmap to Adjusting Ratio Spreads
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Jun 21, 2021

The Ratio Spread might be the most flexible strategy that we use at tastytrade, but that flexibility invites a lot more “gray area” with how we make adjustments.

High-Priced Stocks Hold Extrinsic Value Longer
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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?
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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
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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
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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
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May 28, 2021
Managing at 21 DTE at tastytrade not only minimizes gamma risk, but it also maximizes time decay
Rolling Ratio Spreads
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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
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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
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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
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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
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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
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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?
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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
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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.

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