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Trade Logic Unlocked hero image
Tom SosnoffTony BattistaDr. Jim Schultz

Trade Logic Unlocked

Understand the reasoning behind options trading, pricing, and tastylive mechanics! Dr. Jim, Tom, and Tony use trade research and their own experiences to help you unlock your full trading potential!


Tom SosnoffTony BattistaDr. Jim Schultz
Liquidity Springs
Trade Logic Unlocked
Liquidity Springs
Aug 6, 2020
Why do ITM options sometimes offer high levels of liquidity, too? Today, we learn why.
Offensive Rolls
Trade Logic Unlocked
Offensive Rolls
Jul 30, 2020
When we roll a position, we are typically defending a losing position. But is there ever a time when we might roll a pos...
Delta Differences: Static vs Dynamic
Trade Logic Unlocked
Delta Differences: Static vs Dynamic
Mar 5, 2020
As we consider holding this short delta, we need to be aware that all short delta is not created equally. Dr. Jim explai...
Trading Naked in an IRA
Trade Logic Unlocked
Trading Naked in an IRA
Feb 20, 2020
How can we simulate undefined-risk in an IRA? Dr. Jim explains.
Price Discovery in Illiquid Stocks
Trade Logic Unlocked
Price Discovery in Illiquid Stocks
Feb 13, 2020
There are times in lower liquidity stocks with wider markets where the midpoint between the bid and the ask might not ac...
Trade Logic Unlocked
The Difference Between Extrinsic Value and Theta
Feb 6, 2020
While Extrinsic Value and Theta are very similar in form and function, they each serve a unique purpose to us as premium...
Trade Logic Unlocked
Earnings: To JEM or Not To JEM?
Jan 30, 2020
What is a "JEM-style" trade? Dr. Jim is here to explain.
Trade Logic Unlocked
Long Delta or Short Delta?
Jan 23, 2020
Dr. Jim lays out the statistical support for both short delta and long delta portfolios.
Trade Logic Unlocked
How to Build an Assumption
Jan 16, 2020
Traditionally in the world of finance, there are three approaches you could take to building a directional assumption: t...
Trade Logic Unlocked
Why is Vega the Highest for ATM Options?
Jan 9, 2020
Why is Vega highest ATM? It all traces back to the moneyness of the option. Dr. Jim explains.
Trade Logic Unlocked
A Kaleidoscope of IVs
Jan 2, 2020
When it comes time to select the appropriate strategy to exploit a given opportunity, we actually see that there exists ...
Trade Logic Unlocked
Why Negative Gamma Makes You a Contrarian
Dec 12, 2019
How Gamma impacts our individual positions and overall portfolios can be slippery, so we take an intuitive approach at u...
Trade Logic Unlocked
Solving the Probability Puzzle
Dec 5, 2019
As we build out our portfolios and try to put our positions in the "sweet spot," it's a constant balancing act between t...
Trade Logic Unlocked
When is it Appropriate to Buy Premium?
Oct 31, 2019
It might be appropriate to buy some premium with a debit strategy. Today, Dr. Jim lays out three such scenarios where ad...
Trade Logic Unlocked
Expected Move Butterflies for Earnings
Oct 24, 2019
When trading earnings, is there a cheap way for us to play a directional bias? Dr. Jim thinks so!
Trade Logic Unlocked
The Real Source of Our Edge
Oct 3, 2019
The real source of our edge lies with undefined-risk strategies and how we manage and adjust them over time.
Trade Logic Unlocked
Why Trading Options is Not a Zero Sum Game
Sep 26, 2019
Over time, trading options is not a zero sum game, not even for defined-risk trades, simply because implied volatility c...
Trade Logic Unlocked
How to Calculate IVR
Sep 19, 2019
Trading volatility as its own metric is something we lean on quite heavily. But in order to put volatility in the proper...
Trade Logic Unlocked
Uninverting an Inverted Strangle
Sep 12, 2019
Once we go inverted, is it possible to "uninvert" and move back into a Regular Strangle? Yes, and here's how.
Trade Logic Unlocked
Factors Impacting the Bid-Ask Spread
Sep 5, 2019
The bid-ask spread is an unavoidable element of trading, but our risk of being filled at undesirable prices is effective...
Trade Logic Unlocked
Why We Don’t Sell Naked Calls
Aug 29, 2019
There are some undefined-risk strategies you don't see us implementing too often, such as the Naked Short Call. Dr. Jim ...
Trade Logic Unlocked
How to Reduce Outlier Risk
Aug 22, 2019
Outlier moves come with any market that is governed by the Normal Distribution, but there are still ways to mitigate our...
Trade Logic Unlocked
Why You Would Carry Short Delta
Aug 15, 2019
The choice to be short delta? That might not make a ton of sense, so today, we offer up three reasons for why this direc...
Trade Logic Unlocked
Synthetic Positions in an IRA
Aug 8, 2019
It might make sense to add some cheap wings to your positions in accounts that don't offer all the capital advantages of...
Trade Logic Unlocked
Avoiding Earnings
Aug 1, 2019
It might be worthwhile to consider avoiding any expiration cycles with an earnings date "hidden" near the end. Why? Dr. ...
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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.

© copyright 2013 - 2025 tastylive, Inc. All Rights Reserved.  Applicable portions of the Terms of Use on tastylive.com apply.  Reproduction, adaptation, distribution, public display, exhibition for profit, or storage in any electronic storage media in whole or in part is prohibited under penalty of law, provided that you may download tastylive’s podcasts as necessary to view for personal use. tastylive was previously known as tastytrade, Inc. tastylive is a trademark/servicemark owned by tastylive, Inc.

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    If you want to trade like tastynation, you have to learn how to talk like tastynation.  Sit down with Tom and Tony as they dish out and discuss popular trading topics that give you an edge when opening, closing and managing your trades.

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    What are options anyway? Take our FREE beginner options course to learn the crucial concepts, strategies, and mechanics that make us successful traders. You'll get the basics on ideal market parameters when picking a trading strategy & what to look for when managing multiple trades.

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    An "Iron Condor" is a directionally neutral, defined risk strategy that profits from a stock trading in a range through the expiration of the options.

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