I've started listening to all of the tastytrade videos on YouTube after plowing through the option alpha podcasts. I will revisit the OA stuff because there is so much there, but I'm enjoying the tasty content.

For new traders (like me) this particular video hit home. This guy traded a simple strangle strategy (which can easily be converted to defined risk).

LINK

I had been playing with 0DTE SPX options but I got burned a few too many times by out kicking my coverage (knowledge). I realized I have been very profitable with my basic 30-45 DTE IC's, and everything else has cost me profits. So for now, I'm back to doing what was successful for me. As tempting as those 0-1 DTE SPX plays are, I need to focus on what works for me while building my account and experience.

Despite some of my previous strategies hurting profits, I'm still up nicely YTD which is encouraging considering the follies.

This post was edited on 4/27/23 at 3:02 pm

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Posted by bayoubengals88

Member since Sep 2007

19101 posts

Posted on 4/27/23 at 3:21 pm to dragginass

Rising star videos are fun.
I’d love to generate decent income this way.
———

Looking for INTC to stay negative after earnings.
Picked up an extremely small bearish position today on that one earlier today. The stock has generally just sucked lately.

Also, damn AMZN killed it! I was too shy on that one.

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Posted by Jag_Warrior

Virginia

Member since May 2015

4155 posts

Posted on 4/27/23 at 8:00 pm to dragginass

quote:
I've started listening to all of the tastytrade videos on YouTube after plowing through the option alpha podcasts. I will revisit the OA stuff because there is so much there, but I'm enjoying the tasty content.

Great to hear. Yes, OA is very good and very useful, but Sosnoff and Battista take it to another level. I tend to watch the Tasty videos every day for knowledge, and also for motivation. I probably owe Sosnoff a cut of profits after seeing the Tasty study on how often the S&P makes 2 and 3 standard deviation daily moves - 3 Std. Dev. is less than 1% of the time (pretty much has to be a black swan event). So I modified my SPX IC and syn. strangle trades based on that. I’m still doing the 1-2DTE trades… the 0DTEs not as much. Monitoring those things and still working was taking a toll on me.