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WDIS: Two Yutes - Beginner Options Trading hero image
Tom Sosnoff

WDIS: Two Yutes - Beginner Options Trading

Can TikTok creators become stock and option traders? Tom Sosnoff takes two "yutes," Kay and Errol, and throws them into the options trading world. Find out how they navigate market activity while learning the ins and outs of puts and calls!


Tom Sosnoff
Beginner Trading Series Kickoff
WDIS: Two Yutes - Beginner Options Trading
Beginner Trading Series Kickoff
Feb 8, 2021

Get a little background on Kay and Errol and find out why they're interested in learning about market awareness, boos...

First Trades and Trade Metrics
WDIS: Two Yutes - Beginner Options Trading
First Trades and Trade Metrics
Feb 12, 2021

Two beginner traders get familiar with common options trading metrics and put on their first trades with the use of v...

Dabbling in Complex Options Strategies
WDIS: Two Yutes - Beginner Options Trading
Dabbling in Complex Options Strategies
Feb 19, 2021

Our two beginner traders jump ahead and place a few more complex options strategies in GLD and RIOT.

Basics of Market Awareness
WDIS: Two Yutes - Beginner Options Trading
Basics of Market Awareness
Feb 22, 2021

Now that Tom's two students have a few trades under their belt, they take a step back and talk through building habit...

21 Days To Expiration - Time to Roll
WDIS: Two Yutes - Beginner Options Trading
21 Days To Expiration - Time to Roll
Feb 26, 2021

With 21 days until expiration, Kayla and Errol learn how to roll their strikes in their options trades to reduce...

WDIS: Two Yutes - Beginner Options Trading
Selling Into Strength
Mar 1, 2021

The influencers learn to “sell into strength,” or get short when an underlying stock price goes up.

WDIS: Two Yutes - Beginner Options Trading
Profits from Down Moves
Mar 5, 2021

Errol and Kay realize that sometimes it pays off to play it bearish.

WDIS: Two Yutes - Beginner Options Trading
The Skewed Iron Condor
Mar 12, 2021

The gang digs into the details of the skewed iron condor strategy--a slightly directional defined-risk play.

WDIS: Two Yutes - Beginner Options Trading
Keeping an Eye on Volatility
Mar 19, 2021

The yutes learn how to keep an awareness of market volatility and what it means for option sellers when volatility go...

WDIS: Two Yutes - Beginner Options Trading
Introduction to Ratio Spreads
Mar 22, 2021

The yutes learn how to put on ratio spreads, a high probability, low credit strategy.

WDIS: Two Yutes - Beginner Options Trading
Adjusting Defined-Risk Trades
Mar 26, 2021

The yutes learn what to do with their in-the-red defined-risk trades at 21 Days to Expiration, and how to handle thei...

WDIS: Two Yutes - Beginner Options Trading
Putting on a Long Call Spread
Mar 29, 2021

Errol learns how to put on a long debit call spread for a 50-50 probability of profit.

WDIS: Two Yutes - Beginner Options Trading
Broken Wing Butterflies and Pairs Trades
Apr 9, 2021

The yutes learn how to create a broken wing butterfly and are introduced to a Pairs Trade, a bet on the relationship ...

WDIS: Two Yutes - Beginner Options Trading
Always Be Trading
Apr 16, 2021

Tom continues to encourage the yutes not to get too attached to any one trade, and to keep trading small and trading ...

WDIS: Two Yutes - Beginner Options Trading
Buying Into Weakness
Apr 19, 2021

Tom emphasizes to Errol and Kay that tastylivers like to buy into weakness (go long when an underlying is do...

WDIS: Two Yutes - Beginner Options Trading
Rinse and Repeat
Apr 23, 2021

The yutes are quickly learning that a math-based, mechanical approach wins out over “fundamental” news-based analysis...

WDIS: Two Yutes - Beginner Options Trading
Closing Low IV Positions
Apr 26, 2021

Tom encourages Kay and Errol to take off their positions with low IV Rank and put on some new trades in their place.<...

WDIS: Two Yutes - Beginner Options Trading
A Monthly Reset
Apr 30, 2021

Tom explains to the yutes that unlike with most things in life-- your favorite sports team, a crummy job, or buying a...

WDIS: Two Yutes - Beginner Options Trading
Building a Watchlist
May 3, 2021

Tom shows the influencers how to create their own customized watchlists on tastytrade.

WDIS: Two Yutes - Beginner Options Trading
Zeroing in on Extrinsic Value
May 7, 2021

Mike steps in for Tom and has the yutes look at their trading through the lens of extrinsic value, something he says ...

WDIS: Two Yutes - Beginner Options Trading
A Down Day with Long Delta
May 10, 2021

The yutes learn that one thing they can do on a big down day is roll their iron condor calls in, closer to the underl...

WDIS: Two Yutes - Beginner Options Trading
When Volatility Drops
May 14, 2021

Errol learns that he should close his single-digit IVR short strangles.

WDIS: Two Yutes - Beginner Options Trading
The Crypto Wild West
May 17, 2021

Tom explains that at this point in time, there’s nothing really strategic you can do with digital currencies. It’s ju...

WDIS: Two Yutes - Beginner Options Trading
Vertical Spreads at Expiration
May 21, 2021

Tom explains to Kay that at expiration her OTM spreads are safe, a fully ITM spread will cancel itself out, but a spr...

WDIS: Two Yutes - Beginner Options Trading
On the Dance Floor
May 28, 2021

At 21 days to expiration, the two yutes adjust their trades that are “on the dance floor,” or hovering around ATM.

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