Options Crash Course

Options Crash Course: Ep #11 - Undefined-Risk Strategies: Part One

Options Crash Course

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

Now that we’ve built up a foundation in defined-risk strategies (with episode #9 and episode #10), we want to turn our attention to undefined-risk strategies. Specifically, we look at Short Puts and Short Strangles, as a Short Put is simply the undefined-risk version of a Short Put Spread, and a Short Strangle is the undefined-risk version of an Iron Condor.

So in this episode of Tastytrade’s Options Crash Course, we dive into the pure Greek exposure and higher POPs that undefined-risk strategies offer.


Ep #1: The Source of all Strategies

Ep #2: Deconstructing Option Prices

Ep #3: Extrinsic Value Extras

Ep #4: Profit, Direction, and Probability

Ep #5: The Natural Decay of Options

Ep #6: Trading Changes in Implied Volatility

Ep #7: Gamma: Sign, Magnitude, and Risk

Ep #8: Contracts, Decay, and IV Overstatement

Ep #9: Defined-Risk Strategies: Part One

Ep #10: Defined-Risk Strategies: Part Two

Ep #11: Undefined-Risk Strategies: Part One

Ep #12: Undefined-Risk Strategies: Part Two

Ep #13: Managing Winners, Losers, and Rolling

Ep #14: Directional Bias at the Portfolio Level

Ep #15: Positive Theta at the Portfolio Level

Ep #16: Putting it all Together: Trade Entry and Exit

Ep #17: Putting it all Together: Trade Management

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