Christian-Husband-Father-Finance PhD-DF BBer. Founder F Cubed. FTTP tastylive. NFA. Always for fun. All views mine. Check out my trading experiment at the link.
St Petersburg, FL
Joined April 2011
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Super pumped to be able to start on this series with TJ @optionsuncapped.
I've gotten to know TJ a little over the last few years, and he's just a genuine guy, and a great trader.
Just wrapped up the first part of my series with Dr. Jim @optionsuncapped
We discussed Portfolio Delta among other topics. I learned so much. I’ll keep you posted as to when and where it will drop!!
Dr. Jim is a class act for doing this. I want to get better at my craft so I reached out and asked for help.
Dr. James Schultz retweeted
After 12 years, Mike Butler is signing off from tastylive.
He started out exactly where a lot of you are. A viewer, trying to figure out how options worked.
His parting advice is pure Mikey: live life like a long call option. Go talk to your gym crush. Apply for the job you’ll never get. Take the trip with no itinerary. Some of it expires worthless. Some of it doesn’t.
“Who knew this call option would turn into a 12 year LEAP.”
Thank you for everything, @TraderMikeyB 🍒
Join us tomorrow morning on the market open!
Join us for tomorrow morning's livestream on the OU YouTube Channel, where we're going to talk about the BEST PORTFOLIO HEDGE:
youtube.com/live/1w8BhPU9hSc…
Do you know what it is?
TY!
Traders bought protection into the uncertainty, sold it once results landed, and implied vol fell mechanically. Then the real-world risks were still there, so vol came back.
$NQ $ES
Good breakdown from @jschultzf3 👇
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And I know you got extra icing.
Puttin in work!
@optionsuncapped @jschultzf3 when you are on the way home from your son's baby shower in St Louis, and slide across 3 lanes of the expressway when you see this glowing sign #IYKYK #BBB @Bojangles
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Just pure Sunday night truth being dropped from OU HQ.
Any premium seller worth their weight in sweet potatoes (organic ofc) knows that the number one key?
Position sizing. Always and forever. The end.
But earnings season can easily throw our typical ratios out-of-whack, as these are binary events in every sense of the word.
So while we might be willing to go 1-3% on defined-risk strategies during non-earnings, going 0.5-1.5% for earnings makes sense.
And while we might go 3-7% for undefined-risk strategies during non-earnings, shrinking down to 1-3% for earnings is a prudent move for longevity.
Dr. James Schultz retweeted
Can rolling an options position help you collect additional premium?
On tastylive's Know Your Options, @jschultzf3 explains how moving a short option to a later expiration can generate additional credit and give a position more time to work.
But extending a trade also means keeping risk on longer.
#KnowYourOptions #OptionsTrading #TradingEducation
YES!
When is the right time to sell options premium? 📊
On tastylive's Know Your Options, @jschultzf3 explains how implied volatility rank (IVR) can help traders identify potential opportunities.
Using $META as an example, he breaks down why higher IVR matters, how falling volatility affects option prices, and when to consider taking profits.
#KnowYourOptions #OptionsTrading #ImpliedVolatility #TradingEducation
Good time to reminded that when you match for size, not only are short puts not riskier than long stock.
They are LESS risky than long stock.
You have the OTM distance the stock has to cover first AND you have the premiums offsetting your basis from the jump.
I'm curious, how far does the Nasdaq have to move in a given day for you to classify that as a big move?
7%100pts
13%200pts
17%300pts
63%400pts (or more)
84 votes • Final results 4
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1,175
Some low volatility strategies for my beginner traders out there!
Why does the expiration date of an option matter when volatility starts to rise?
In a calendar spread, traders buy a longer-dated option and sell a shorter-dated option at the same strike. Because the longer-dated option has greater Vega exposure, an increase in implied volatility can work in the trader's favor.
In this installment of Know Your Options, @jschultzf3 @optionsuncapped explains why longer-dated options carry greater Vega exposure and how that can allow gains on the back-month option to outweigh losses on the front-month option when volatility expands.
Have a listen to the breakdown and let us know how you factor volatility into your options trading strategies! 👇
#OptionsTrading #CalendarSpreads
Latest coming out of @optionsuncapped!
youtu.be/CL2iMweMqh0?si=RcjN…
SHARE IT WITH EVERYONE YOU'VE EVER MET
Awesome!!!
🎉
1/ I have some news: I've joined @ClearStreetLLC and I am SO excited to be part of this team and what they're building. The roadmap is STACKED, and we're making serious headway for my fellow derivatives traders. 🎉
That @optionsuncapped thumbnail game stepping up!
youtu.be/VGyEXm_rVYU?si=9nwK…
End each day with a portfolio update inside of the @optionsuncapped community, to let all of our members know how I'm processing the gimmes and the gotchas will all my holdings.
OU opens back up on 10/12. Sign up for the Trading Lab for more info!
drjimtradinglab.com/tasty
YES! @optionsuncapped
When @jschultzf3 Dr Jim was on the podcast this morning and playing a round of:
SMASH - PASS - TRASH and the category was options traders…
He SMASHED @Tony_BATtista
He TRASHED @Tomunderwater
Just though you’d like to know 😬🤣💯
