Looking for even more trade ideas? Sign up for Alpha Boost, a FREE email from quiet foundation!

From Theory To Practice hero image

Monday - Friday | 1:00 - 1:30p 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.

Got Assigned? Here's What to Do
Sep 16, 2021

Got assigned on one leg of a Vertical Spread and not sure what to do? Here’s how to clean up that position at tastytrade.

Should You Ever Widen Out an Inversion?
Sep 15, 2021

When the stock moves significantly outside of our short strikes on an Inverted Strangle, do we ever consider widening out the inversion at tastytrade?

Nothing Left to Lose
Sep 13, 2021

When a defined-risk position is marking near max loss, there’s no reason to exit early at tastytrade - you have nothing left to lose...

Baby Inverted Strangles
Sep 10, 2021

Usually with Inverted Strangles we roll to the stock price to maximize extrinsic value, but you could intentionally sandbag the stock price to lessen the width of inversion..

How to Play a Strong Bullish Bias
Sep 9, 2021

With no Long Put Vertical Spread added to your strategy, the Short Put yields more credit and more delta than the Put Ratio Spread at tastytrade.

Core Strategies: Covered Call - Cost Basis Reduction
Sep 8, 2021

No strategy better illustrates the power of Cost Basis Reduction at tastytrade than the standard Covered Call.

Forecasting Short-Term Option Prices
Sep 7, 2021

Using Delta, Theta, and Vega at tastytrade, we can forecast where option prices are likely to go - should a stock move to a certain level in the coming days.

Sizing Defined-Risk Positions Correctly
Sep 3, 2021

Defined-Risk position sizing tends to scale inversely with account size - the smaller your account, the larger your defined-risk positions, and vice versa.

Volatility Skew with Spreads
Sep 2, 2021

Volatility skew shows us that Puts normally sell for more than Calls, but it also shows us that Call Spreads sell for more than Put Spreads.

Core Strategies: Covered Call Basics
Sep 1, 2021

The Covered Call strategy connects the familiarity of a stock portfolio with the opportunity of an options portfolio.

The Benefit of 45 DTE at Trade Entry
Aug 31, 2021

The extrinsic value within out-of-the-money options starts to decrease more quickly right around 45 DTE in the cycle - making it the perfect time for new trades.

Finding the Minimum Value of an Inverted Strangle
Aug 30, 2021

With an Inverted Strangle, the width of the inversion effectively sets the minimum price for the Inverted Strangle - here’s why.

Building a Big Credit Bank
Aug 20, 2021

Stocks with higher IVRs and higher IVs allow us to establish our positions with higher overall credits - something that ultimately gives us more flexibility at tastytrade.

The Best Way to Adjust a Short Put
Aug 19, 2021

The Short Put strategy is without question one of the most effective strategies you can use, but it will still get tested at times. Here’s how to navigate those situations.

Core Strategies: Iron Fly Volatility
Aug 18, 2021

The volatility of the Iron Fly strategy at tastytrade can be reduced by either widening out our strikes or managing our positions early.

Aggregating Credits With More Than One Lots
Aug 17, 2021

When you have a position on with a mixture of one lots and two lots, convert each adjustment into its aggregate impact on total credits to arrive at your true basis.

Reducing the Debit on an ITM Roll
Aug 16, 2021

While we don’t like rolling for debits at tastytrade, there are times when your strike isn’t available in the future cycle, and you don’t have a choice.

Making Sense of POP and P50
Aug 13, 2021

As high probability traders at tastytrade, we lean heavily on POP and P50, but it’s important to understand the differences between these two metrics.

The Delta Vega Combo on Underwater Positions
Aug 12, 2021

As tastytraders we're in a unique position with both positive delta and negative vega, whenever we need a stock to rally back on an underwater naked position.

A Guide to Profit Targets on Rolled Positions
Aug 10, 2021

It seems natural for there to be a relationship between the number of rolls in the position and the profit target on said position. Find out how nail down this target at tastytrade.

Using Weekly Options to Avoid Earnings Announcements
Aug 9, 2021

Weekly options can offer you the flexibility to trade the stock you want to trade, while not subjecting yourself to an upcoming earnings announcement.

How to Save Buying Power on Naked Positions
Aug 6, 2021

Whenever there’s a sensible way to limit the amount of capital a trade might require, it’s worth considering at tastytrade.

Two Benefits to JEM Earnings Trades
Aug 5, 2021

Using a JEM Earnings Strategy at tastytrade, we’re able to put ourselves into a manageable position post earnings-- regardless of the stock’s move.

Core Strategies: Iron Flys & Condors (Iron Fly Performance)
Aug 4, 2021

An Iron Fly is a special version of an Iron Condor with a shared short strike that requires a different approach to interpreting results over time.

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.