Ryan & Beef

Monday – Friday | 11:30 – 11:45a CT

Trading For Newbies - Trade Management

Ryan & Beef

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.
Management can make the difference between a successful trade and trade that ends up losing money.


Today's episode explains why we manage our trades before expiration and how we can use the tastyworks platform to close at a percentage of max profit. When selling options, managing profitable trades before expiration increases the trade's probability of profit, reduces risk, and helps us to use our capital more efficiently.

Episode Contents
  1. Why We Manage Our Trades
  2. How We Manage Our Trades

About Trading For Newbies

This series will educate you, the beginning trader on the basics of options trading and the tastytrade approach to trading. Our goal is to get you to the point where you will be able to actively find opportunities in the market, enter and exit trades, and clearly articulate what you are doing throughout the process.

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