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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.

The Decay of Wide Iron Condors
Mar 16, 2021
Wider Iron Condors really do have far less friction than narrower Iron Condors, as their extrinsic value can decay quickly.
Mar 15, 2021

When you’re faced with either 30 DTE or 60 DTE, let the risk category of the trade help you decide which cycle to select for the strategy.

Mar 12, 2021

Dr. Jim Schultz explains why we typically set up our strikes around the at-the-money mark for a Long Vertical Spread.

Mar 11, 2021

How we manage a Short Vertical Spread is a little different from how we manage a Long Vertical Spread. Jim Schultz explains.

Mar 10, 2021

Not only does buying power directly impact risk and return, but it can contract or expand over time.

Hindsight is Always 20-20
Mar 9, 2021

In a market where nobody ever knows where things are headed, following the mechanics and sticking to the process is always the prudent move.

Mar 8, 2021
With defined-risk options strategies, we have fewer adjustment opportunities over the life of the position, so collecting more credit on entry could be worthwhile.
Mar 5, 2021
A wider Iron Condor behaves more like a Short Strangle than would a tighter Iron Condor, so a more aggressive adjustment strategy is strongly suggested.
Adjusting a $10 Wide Iron Condor
Mar 4, 2021
A wider Iron Condor behaves more like a Short Strangle than would a tighter Iron Condor, so a more aggressive adjustment strategy is strongly suggested. tastytrade explains.
Mar 3, 2021
When a position goes your way, and you have a profit on your hands, our research has shown over and over again that managing that winners is an effective strategy.
Mar 2, 2021

When a defined-risk position has moved against you, the extrinsic value in tastyworks will be shown as a negative number. Follow along as tastytrade explains what this means for options trade management.

Mar 1, 2021
While naked options positions do require more buying power than covered positions, we can adjust our naked positions to lessen the buying power impact. tastytrade explains.
Portfolio Adjustments at 21 DTE
Feb 26, 2021

With exactly 21 DTE left in the March cycle, we use the day to make all the necessary, tastytrade adjustments to our positions that need to be made.

Feb 25, 2021

Sometimes at 21 Days To Expiration, options trades may be small winners - here’s how to use IVR to decide what to do

Feb 24, 2021
By managing naked puts and naked calls at 21 Days to Expiration, traders are able to improve returns and reduce risk.
Preparing Positions for 21 DTE
Feb 23, 2021

When a Short Put option is still OTM, even if the stock is moving wildly, the best move is oftentimes to do nothing.

Feb 22, 2021
When you begin to widen out your Iron Condors, they start to act more like an undefined-risk position than a defined-risk position
Feb 19, 2021

On expiration day at tastytrade, it’s important to know the theoretical max value of your spreads before you try to close your positions.

Feb 18, 2021
At tastytrade, we are always balancing risk minimization with return maximization, and our TLT Call Diagonal Spread gives us a real-time example of how to do that.
Feb 17, 2021

Even in the event of being assigned on one leg of a defined-risk strategy, the total risk is unchanged, even though the position might look a lot different.

Low IVR Diagonal Spreads
Feb 16, 2021
While we much prefer to sell options in high Implied Volatility environments at tastytrade, we have strategies that are suited for low implied volatility conditions, too.
Spotting Upside Skew in Stocks
Feb 12, 2021

Sometimes the market for individual stocks will be pricing in more risk to the upside than to the downside, for an equidistant move higher or lower.

Feb 11, 2021

Using IBM, here’s a real-time example of how to assess the dividend risk on any position at tastytrade.

Feb 10, 2021
How have Short Puts and Short Calls performed over time? While the Short Put performance wasn’t a surprise, the Short Call performance was a bit of a shock
Feb 8, 2021
A classic way to interpret delta is as a measure of how an option’s price will move when the underlying stock moves, which can help us gauge delta’s relative strength on our trades.

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