These Seven Interviews with (10x Return!) Option Traders May Change Your (Financial) Life
Oct 14, 2023
Below are highlights from tastylive's Rising Stars series, which features interviews with retail traders who have used a variety of trading strategies to net outsized returns.
After nearly a decade of featuring traders who have produced outsized returns using tastylive options mechanics, it’s time to break down the biggest insights from Rising Stars. This week, Errol Coleman and Jim Schultz, Ph.D., sat down to understand the biggest highs and lows from over a decade of Rising Stars.
Ash shares a dynamic trading journey, starting with real estate and transitioning to options trading in 2020. After achieving outsized returns with zero days to expiration, or 0DTE, options, Ash lost $1 million in one day in 2021. Three email exchanges with tastytrade co-founder Tom Sosnoff helped Ash break even in 2022 and continue to see gains through 2023.
After that experience, Ash now prioritizes consistency and diversified approaches, underlying discipline, adaptability and risk management in trading success. Watch our full video for insightful lessons and strategies.
Nishat’s journey from software engineer to trader was fueled by a passion for finance instilled by his father. Through years of practice, he gradually transitioned into trading, focusing on options and mean reversion strategies.
Watch our full video to gain insights on risk management, adaptability and the role of continuous learning in achieving consistent success.
Sosnoff interviews a successful trader named Tony, who left a career in engineering and patent law to become a full-time trader.
Tony focuses on options trading, with a strong emphasis on earnings trades. He trades on various phenomena, including implied volatility, or IV, crush around earnings, theta decay, and mean reversion on overbought or oversold underlying securities. Tony keeps around 20% of his account in cash and uses about 80% for trading, adjusting the allocation based on the risk associated with the strategies.
To see if Sosnoff approves of Tony's three simple criteria for successful options trading, watch our full video above.
David is an electric engineer focused on short puts and a strategic approach to risk management. David's trading approach involves scalability and repeatability, concentrating on a few bread-and-butter strategies. His story and strategies are perfect for long-only stock traders who are considering delving into the world of options trading.
Bobby Gaines, a rising star from Alabama and a longtime tastylive superfan, discusses trading experiences, risks, education and strategies with Sosnoff.
Gaines shares how discovering tastylive changed his life, emphasizing the importance of risk-taking and fast decision-making. He outlines his trading strategy, focusing on deltas, theta and buying power as a percentage of net liquidity. Gaines reveals a strategy of selling puts and using put debit spreads for risk management, aiming for a 98% win rate. Despite challenges in 2020, he managed to grow his portfolio by 208%.
In this video, rising star trader Lewis shares his journey and strategies. He started trading full-time a couple of years ago, using his savings and retirement funds. His trading approach is product-indifferent, focusing on liquid and volatile options. On the surface, it may Lewis may seem like a typical rising star, but he trades full-time and still predominantly uses only trading one strategy. To understand how he’s developed the discipline to use this strategy, watch Lewis’ full interview.
Eric Villa is a YouTube specialist at tastylive.
Trade with a better broker, open a tastytrade account today. tastylive, Inc. and tastytrade, Inc. are separate but affiliated companies.
Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.
tastylive content is created, produced, and provided solely by tastylive, Inc. (“tastylive”) and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. tastylive is not in the business of transacting securities trades, nor does it direct client commodity accounts or give commodity trading advice tailored to any particular client’s situation or investment objectives. Supporting documentation for any claims (including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read the applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange-Traded Options Risk Disclosure found on tastytrade.com/disclosures.
tastytrade, Inc. ("tastytrade”) is a registered broker-dealer and member of FINRA, NFA, and SIPC. tastytrade was previously known as tastyworks, Inc. (“tastyworks”). tastytrade offers self-directed brokerage accounts to its customers. tastytrade does not give financial or trading advice, nor does it make investment recommendations. You alone are responsible for making your investment and trading decisions and for evaluating the merits and risks associated with the use of tastytrade’s systems, services or products. tastytrade is a wholly-owned subsidiary of tastylive, Inc.
tastytrade has entered into a Marketing Agreement with tastylive (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade. tastytrade and Marketing Agent are separate entities with their own products and services. tastylive is the parent company of tastytrade.
tastycrypto is provided solely by tasty Software Solutions, LLC. tasty Software Solutions, LLC is a separate but affiliate company of tastylive, Inc. Neither tastylive nor any of its affiliates are responsible for the products or services provided by tasty Software Solutions, LLC. Cryptocurrency trading is not suitable for all investors due to the number of risks involved. The value of any cryptocurrency, including digital assets pegged to fiat currency, commodities, or any other asset, may go to zero.