With Anthony back in the saddle, Dr. Jim starts today's segment by walking Anthony through yesterday'sin his EEM position, a . They rolled it from the September expiration to the October Expiration, while keeping the spread width at $4.00. This adjustment simultaneously brings Anthony's max loss down and max gain up.
Anthony is then introduced to correlation by Dr. Jim. Specifically, Anthony starts to understand "positive correlation" and "negative correlation". Looking in the tastyworks trading platform, Anthony sees this concept come to life, as the guys study how a few different underlyings are correlated to the SPY.