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Monday & Friday | 1:30pm CT

WDIS: Two Yutes - Beginner Options Trading

Can TikTok creators become stock and option traders? Tom Sosnoff takes two "yutes," Kay and Errol, and throws them into the options trading world. Find out how they navigate market activity while learning the ins and outs of puts and calls!

Beginner Trading Series Kickoff
Feb 8, 2021

Get a little background on Kay and Errol and find out why they're interested in learning about market awareness, boosting their probability of success, and enhancing their decision-making skills along the way.

First Trades and Trade Metrics
Feb 12, 2021

Two beginner traders get familiar with common options trading metrics and put on their first trades with the use of vertical credit spreads.

Dabbling in Complex Options Strategies
Feb 19, 2021

Our two beginner traders jump ahead and place a few more complex options strategies in GLD and RIOT.

Basics of Market Awareness
Feb 22, 2021

Now that Tom's two students have a few trades under their belt, they take a step back and talk through building habits of market awareness and how it can be utilized to approach options trades or portfolio management on a regular basis.

21 Days To Expiration - Time to Roll
Feb 26, 2021

With 21 days until expiration, Kayla and Errol learn how to roll their strikes in their options trades to reduce risk, and roll them out to extend duration.

Selling Into Strength
Mar 1, 2021

The influencers learn to “sell into strength,” or get short when an underlying stock price goes up.

Profits from Down Moves
Mar 5, 2021

Errol and Kay realize that sometimes it pays off to play it bearish.

Introduction to Futures
Mar 8, 2021

Tom introduces the concept of futures contracts and explains that they beat stocks and options in capital efficiency.

The Skewed Iron Condor
Mar 12, 2021

The gang digs into the details of the skewed iron condor strategy--a slightly directional defined-risk play.

Options on Futures, Yields, and Calendar Spreads (Oh my.)
Mar 15, 2021

The yutes learn to trade options on futures and calendar spreads, as well as how yield futures products work.

Keeping an Eye on Volatility
Mar 19, 2021

The yutes learn how to keep an awareness of market volatility and what it means for option sellers when volatility goes up or down.

Introduction to Ratio Spreads
Mar 22, 2021

The yutes learn how to put on ratio spreads, a high probability, low credit strategy.

Adjusting Defined-Risk Trades
Mar 26, 2021

The yutes learn what to do with their in-the-red defined-risk trades at 21 Days to Expiration, and how to handle their delta and theta.

Putting on a Long Call Spread
Mar 29, 2021

Errol learns how to put on a long debit call spread for a 50-50 probability of profit.

Quick Decision Making
Apr 5, 2021

Tune in as they look at setups in DIS, /MES, PLUG, and dissect the value of decision making in trading and beyond.

Broken Wing Butterflies and Pairs Trades
Apr 9, 2021

The yutes learn how to create a broken wing butterfly and are introduced to a Pairs Trade, a bet on the relationship between two underlyings.

Digging Deeper into Pairs Trades
Apr 12, 2021

The influencers learn how to put on a pairs trade-- a bet on the relationship of two underlyings that can act as a hedge against risk.

Always Be Trading
Apr 16, 2021

Tom continues to encourage the yutes not to get too attached to any one trade, and to keep trading small and trading often.

Buying Into Weakness
Apr 19, 2021

Tom emphasizes to Errol and Kay that tastytraders like to buy into weakness (go long when an underlying is down).

Rinse and Repeat
Apr 23, 2021

The yutes are quickly learning that a math-based, mechanical approach wins out over “fundamental” news-based analysis on a consistent basis.

Closing Low IV Positions
Apr 26, 2021

Tom encourages Kay and Errol to take off their positions with low IV Rank and put on some new trades in their place.

A Monthly Reset
Apr 30, 2021

Tom explains to the yutes that unlike with most things in life-- your favorite sports team, a crummy job, or buying a crappy house--in options-trading you get a complete reset every month.

Building a Watchlist
May 3, 2021

Tom shows the influencers how to create their own customized watchlists on tastyworks.

Zeroing in on Extrinsic Value
May 7, 2021

Mike steps in for Tom and has the yutes look at their trading through the lens of extrinsic value, something he says will really fast-track their options education.

A Down Day with Long Delta
May 10, 2021

The yutes learn that one thing they can do on a big down day is roll their iron condor calls in, closer to the underlying, collecting a credit while still keeping a safe distance from the stock price.

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