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Options IRA Strategies, 0DTE Trading in 2024, Keys to Generational Wealth and Tom Sosnoff’s view of Changes in the Job Market

By:Eric Villa

A weekly roundup of tastylive videos offers the best trading tips from the network’s wealth of financial shows

  • Here’s an options strategy for your IRA
  • Don’t miss this guide to 0DTE trading in 2024
  • How this millionaire created generational wealth. (Its not what you think.)
  • Not your grandpa's job market

You're wasting your capital if you're not doing this in your IRA

tastylive is here to help you retire! On the second episode of our options IRA research series, we explore how buying the wings on an options spread can make sure traders maximize the amount of capital they deploy in their tax-advantaged retirement accounts. 

Let's talk strategy: incorporating "wings"—those low delta options—into your short strangles can be a game-changer for capital efficiency in your IRA. Unlike a margin account, this approach can significantly reduce the amount of capital you need to allocate, giving you more room to maneuver and invest.

Here's where it gets interesting: The degree of capital reduction you can achieve is linked intrinsically to the implied volatility (IV) of the underlying asset. Stocks with low IV are your golden ticket, offering the most substantial savings and enabling you to optimize your investment.

How to place 0DTE trades in 2024

2023 was undoubtedly the year of 0DTE options. So, to wrap up the year, Errol Coleman sat down with Anton Kulikov, tastylive’s resident 0DTE trader, to understand his insights from trading 0DTEs nearly everyday. 

Think of 0DTE options as high-octane fuel for your trading engine. They require a masterful touch in position, sizing and risk management because their leverage and risk profile are in a league of their own compared to futures contracts. A disciplined approach is paramount, with clearly defined risks, unwavering stop-loss orders and the agility to adapt your risk-reward strategy as the market ebbs and flows. 

How this millionaire creates generational wealth

Last week, Tom Preston explored real stories from people struggling with the concepts surrounding generational wealth. As you navigate the financial markets, keep in mind that the investment choices you make today can set the stage for your children's prosperity. It's no secret that raising a child in America comes with a hefty price tag. Middle-income parents shell out an average of $310,500 by the time their offspring reach 17 years old.

Sosnoff explores concepts in investing— for those looking to create generational wealth and those fortunate enough to have chosen wealthy parents. 

The labor market is about to change

Tom Sosnoff and Dylan Ratigan are two sides of the same coin. When tastylive was just an idea in the back of Sosnoff’s mind, Ratigan saw traditional media giants battling to wrap their heads around the internet. 

Now, in 2023, labor has shifted. Sosnoff and Ratigan are “influencers.” We are amid a digital renaissance, a golden age of content creation and digital media where authenticity and genuine experiences are the currency of choice. Yet, as we stand on the cusp of this new era, we must also be vigilant. The advent of AI and sophisticated production techniques carries with it the specter of manipulation and distortion.

This week on Truth or Skepticism, Sosnoff and Ratigan explore the ways labor has changed in the information economy. 

Eric Villa is a YouTube specialist at tastylive. 

For live daily programming, market news and commentary, visit tastylive or the YouTube channels tastylive (for options traders), and tastyliveTrending for stocks, futures, forex & macro.

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.

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