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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.

How to Interpret Adjustments to the Tested Side
Aug 3, 2021

Rolling the untested side at tastytrade offers widened break-even points and reduced overall risk, but how do we interpret a roll to the tested side?

Short Premium’s Relationship to Extrinsic Value
Aug 2, 2021

As premium sellers at tastytrade, we want extrinsic value to decrease, but there are times when it seems to unexpectedly increase...

Why We Adjust Positions at 21 DTE
Jul 30, 2021

At tastytrade, managing our undefined-risk positions at 21 DTE yields more reliable returns with lower overall risk.

Rolling Unbalanced Ratio Spreads
Jul 29, 2021

Here’s how to calculate the extrinsic value differences between the current cycle and the next cycle for an unbalanced Ratio Spread at tastytrade.

Core Strategies: Iron Condors and Flys (Managing Winners & Early)
Jul 28, 2021

By applying "manage winners" or "manage early" to Iron Condors, we see exactly what we would expect at tastytrade - better returns across the board.

Scaling into Defined Risk Positions
Jul 27, 2021

If you’re sized appropriately, your directional bias hasn’t changed, and IVR remains elevated, scaling into a defined-risk position is something to consider.

3 Keys to Earnings Trades
Jul 26, 2021

Here are three keys to successfully trading earnings season at tastytrade.

Highlighting Duration Over Direction
Jul 23, 2021

Adjustments fall into two camps - rolling the untested side or rolling out in time. Sometimes at tastytrade, one makes more sense than the other.

Isolating the Impact of IV Expansion into Earnings
Jul 22, 2021

With X having earnings in seven days, we have a unique opportunity to isolate the impact that IV expansion will have on our position.

Managing Our Butterfly Hedge in NFLX
Jul 21, 2021

With the move lower in NFLX, our Butterfly hedge at tastytrade is helping to offset the losses in our Short Put Spread.

How to Hedge an Earnings Trade
Jul 20, 2021

tastytrade shows you how to hedge a directional earnings bet with a weekly Butterfly Spread.

The Gimmes and Gotchas of IV Expansion
Jul 19, 2021

When IV expands, it impacts our potential new trades and our current positions very differently at tastytrade.

Closing Out ITM Iron Condors on Expiration Day
Jul 16, 2021
With an ITM Iron Condor on expiration day at tastytrade, you only have to close out the tested side, and you might have to pay up a bit on that close.
Core Strategies: Iron Condors & Iron Flys (Performance)
Jul 14, 2021

Wider Iron Condors might have more risk on a per contract basis, but over time they tend to have lower volatility than more narrow Iron Condors.

Two Benefits of High IVR
Jul 13, 2021

Join Dr. Jim as he digs into why higher IVR gives you wider break-even points and less risk in your positions.

Directional Straddles
Jul 12, 2021

Normally when we use Straddles at tastytrade, they are neutral strategies without a directional bias, but this does not have to be the case.

What Determines the Price of ATM Vertical Spread
Jul 9, 2021

With ATM Verticals that are usually 50-50 shots, the price doesn’t tend to line up with 50% of the width of the spread - here’s why.

Diagonals in High-Priced Stocks
Jul 8, 2021

Diagonal Spreads rarely set up for high-priced stocks, as the cost of the strategy is often far too great relative to its profit potential.

Core Strategies: Iron Condor Volatility
Jul 7, 2021

Volatility isn’t just for finding opportunities on order entry. If you’re not careful, it can drag down your returns over time.

Managing a Tested Straddle
Jul 6, 2021

Since one side of a Straddle is always “tested,” the adjustment protocols are a lot less black and white.

Defending a Short Put
Jul 2, 2021

Short Puts are easily one of our favorite strategies at tastytrade - here’s how to defend one that goes against you.

Why OTM Premium is Better than ITM Premium
Jul 1, 2021

OTM premium on order entry gives us so many more ways to win at tastytrade than ITM premium on order entry.

Core Strategies Iron Condors & Iron Flies
Jun 30, 2021

While certainly no match for their undefined-risk counterparts (Short Strangles), Iron Condors have performed reasonably well over the years at tastytrade.

Selling an ITM Put
Jun 29, 2021

The power of short premium is so strong at tastytrade, that even slightly in-the-money positions on order entry have POPs greater than 50%.

Rolling Each Side of An Iron Condor
Jun 28, 2021

A tested Iron Condor will always have a debit side and a credit side with any forward roll. Here’s how to best position yourself to roll for a net credit.

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