Options Jive Podcast
https://www.tastytrade.com
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℗ & © 2011 tastytrade, Inc.
The tastytrade network teaches investors innovative, simple ways to trade stocks, options, and futures, take advantage of market volatility and build a successful portfolio. Tom Sosnoff leads an irreverent and playful band of floor traders who are show...
tastytrade, Inc.
If you want to trade like a tastytrader, you have to learn how to talk like a tastytrader. 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.
If you want to trade like a tastytrader, you have to learn how to talk like a tastytrader. 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.
tastytrade, Inc.
support@tastytrade.com

Options Jive  September 16, 2020  Volatility of P/L
The volatility of P/L of a particular strategy is calculated by taking the standard deviation of all historical ending P/L values.
The volatility of P/L answers the question “how close can we expect a single trade P/L to be to the historical averag...
The volatility of P/L of a particular strategy is calculated by taking the standard deviation of all historical ending P/L values.
The volatility of P/L answers the question “how close can we expect a single trade P/L to be to the historical average."
A lower volatility of P/L is better...it means more consistency and predictability in the P/Ls of the strategy or trade
http://feeds.tastytrade.com/media/136714/TTL_OJ_200916_POD.mp3
Wed, 16 Sep 2020 08:36:00 0500
626.88
profit/loss expectations,

Options Jive  September 16, 2020  Volatility of P/L
The volatility of P/L of a particular strategy is calculated by taking the standard deviation of all historical ending P/L values.
The volatility of P/L answers the question “how close can we expect a single trade P/L to be to the historical averag...
The volatility of P/L of a particular strategy is calculated by taking the standard deviation of all historical ending P/L values.
The volatility of P/L answers the question “how close can we expect a single trade P/L to be to the historical average."
A lower volatility of P/L is better...it means more consistency and predictability in the P/Ls of the strategy or trade
http://feeds.tastytrade.com/media/136712/TTL_OJ_200916_SEG_EDIT.mp4
Wed, 16 Sep 2020 08:36:00 0500
576.149
profit/loss expectations,

Options Jive  September 14, 2020  Equal Risk, Greater Returns?
By allocating more capital in our portfolio to strangles when VIX was higher, we are able to match the risk levels of buying and holding SPY without adding much tail risk. The tradeoff of the higher risk has been an additional 4% return, historically...
By allocating more capital in our portfolio to strangles when VIX was higher, we are able to match the risk levels of buying and holding SPY without adding much tail risk. The tradeoff of the higher risk has been an additional 4% return, historically (from 15% to 19% annually).
When comparing the two strategies (buy and hold vs strangles) on an equal risk basis, the strangles outperformed by an average of 9% per year. The reason why strangles outperform? A mechanical edge as well as higher tail risk than holding stock.
http://feeds.tastytrade.com/media/136652/TTL_OJ_200914_POD.mp3
Mon, 14 Sep 2020 08:19:00 0500
554.901
buy and hold, strategy comparison

Options Jive  September 14, 2020  Equal Risk, Greater Returns?
By allocating more capital in our portfolio to strangles when VIX was higher, we are able to match the risk levels of buying and holding SPY without adding much tail risk. The tradeoff of the higher risk has been an additional 4% return, historically...
By allocating more capital in our portfolio to strangles when VIX was higher, we are able to match the risk levels of buying and holding SPY without adding much tail risk. The tradeoff of the higher risk has been an additional 4% return, historically (from 15% to 19% annually).
When comparing the two strategies (buy and hold vs strangles) on an equal risk basis, the strangles outperformed by an average of 9% per year. The reason why strangles outperform? A mechanical edge as well as higher tail risk than holding stock.
http://feeds.tastytrade.com/media/136649/TTL_OJ_200914_SEG_EDIT.mp4
Mon, 14 Sep 2020 08:19:00 0500
504.149
buy and hold, strategy comparison

Options Jive  September 9, 2020  The State of Skew
Using delta (∆) to refer to your strangle strikes is an allinone solution that normalizes a stock’s price and implied volatility and gives you a risk profile based on probability of profit (POP).
A 16∆ strangle in X has the same POP as a 16∆ in T...
Using delta (∆) to refer to your strangle strikes is an allinone solution that normalizes a stock’s price and implied volatility and gives you a risk profile based on probability of profit (POP).
A 16∆ strangle in X has the same POP as a 16∆ in TSLA.
The difference between the two strangles is the risk/reward which is determined by the raw premium you collect for each strangle.
Tune in as Tom and Tony unpack this information further and apply it to today's market.
http://feeds.tastytrade.com/media/136555/TTL_OJ_200909_POD.mp3
Wed, 09 Sep 2020 07:37:00 0500
665.451
skew, strike selection

Options Jive  September 9, 2020  The State of Skew
Using delta (∆) to refer to your strangle strikes is an allinone solution that normalizes a stock’s price and implied volatility and gives you a risk profile based on probability of profit (POP).
A 16∆ strangle in X has the same POP as a 16∆ in T...
Using delta (∆) to refer to your strangle strikes is an allinone solution that normalizes a stock’s price and implied volatility and gives you a risk profile based on probability of profit (POP).
A 16∆ strangle in X has the same POP as a 16∆ in TSLA.
The difference between the two strangles is the risk/reward which is determined by the raw premium you collect for each strangle.
Tune in as Tom and Tony unpack this information further and apply it to today's market.
http://feeds.tastytrade.com/media/136553/TTL_OJ_200909_SEG_EDIT.mp4
Wed, 09 Sep 2020 07:37:00 0500
614.763
skew, strike selection

tastytrade LIVE  August 26, 2020  Strangles on Different Assets
Last week we analyzed the correlation between different early managed option strategies with the same underlying.
Today we are going to take a look at the correlation between the same early managed option strategy with different underlyings.
Al...
Last week we analyzed the correlation between different early managed option strategies with the same underlying.
Today we are going to take a look at the correlation between the same early managed option strategy with different underlyings.
Although the correlations tend to be lower for options contracts than equities, this does not mean options always present a good opportunity for diversification  we explore this more in today’s Options Jive.
http://feeds.tastytrade.com/media/136258/TTL_OJ_200826_POD.mp3
Wed, 26 Aug 2020 08:12:00 0500
463.595
strangle, correlation

tastytrade LIVE  August 26, 2020  Strangles on Different Assets
Last week we analyzed the correlation between different early managed option strategies with the same underlying.
Today we are going to take a look at the correlation between the same early managed option strategy with different underlyings.
Al...
Last week we analyzed the correlation between different early managed option strategies with the same underlying.
Today we are going to take a look at the correlation between the same early managed option strategy with different underlyings.
Although the correlations tend to be lower for options contracts than equities, this does not mean options always present a good opportunity for diversification  we explore this more in today’s Options Jive.
http://feeds.tastytrade.com/media/136257/TTL_OJ_200826_SEG_EDIT.mp4
Wed, 26 Aug 2020 08:12:00 0500
412.885
strangle, correlation