The ONLY #1 Options Strategy You Need with Tom Sosnoff

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Join two options legends, Tom Sosnoff (CEO of tastylive) and Brian Overby (Senior Options Strategist at OptionsPlay), as they dive into their #1 options strategy with best practices for today’s market. Learn firsthand how they approach order entry and exit with a recent example of their trading. If you’re looking to sharpen your trading skills, this is a must-attend event!
What You’ll Learn:
• The evolution of the options industry over the past 20+ years.
• Tom and Brian’s #1 options strategy and how they use it in their own portfolios.
• Real example of recent trades, complete with actionable tips for improving your entry and exit timing.
SLIDES: www.dropbox.co...
**Become an OptionsPlay member to get unlimited access to all our educational recordings and easy-to-follow slides!
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Disclaimer: OptionsPlay LLC is not registered as a securities broker-dealer or advisor either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority. OptionsPlay does not recommend the purchase of any stock, ETF, or advise on the suitability of any trade. The information and data contained in OptionsPlay was obtained from sources believed to be reliable, but accuracy is not guaranteed. Neither the information nor any opinion expressed, constitutes a recommendation to purchase or sell a security or to provide investment advice.
#optionstrading #technicalanalysis #technicalindicators

[@alphabeta8403]

19:00 #1 options strategy-premium (strangle) seller 25:00 *Sell 45 DTE, manage at 21 DTE (sweet spot of the decay curve)* 35:45 October weakness 44:00 TSLA example, delta neutral strangle 52:30 Trading with a 50k account 56:50 CVAR

[@Damncars456]

I want to reallocate around $80K worth of stock in my portfolio, but I'm unsure of what the feds are doing with the interest rate and with Inflation roaring. what's the best strategy to do this and set up my financial future?

[@MakeamericaGreatagain-h7j]

Don't put all your eggs in one basket rather diversify into different asset classes. Diversification into various asset classes will help mitigate risk.

[@DreamweaverShade-h9p]

Such uncertainties are the reason I don’t base my judgement on a ''heresay'' 2020 had me holding trash stocks, but thankfully revamp my portfolio through the aid of a pro before seeing significant gains. To date, I've scaled up nearly 320% ROI. it's been 4 years and counting. I and my advisor are working on a 7 figure ballpark goal and we're not far.

[@MARSHMALLOWwhimsy]

good gains! does your advisr work with any specific persons? I once saw on the news folks that made fortunes from the Dotcom crash, as well as the 08’ crash and I’ve been looking into similar opportunities in this present markt

[@DreamweaverShade-h9p]

I’m cautious about giving specific recommendations as everyone's situation varies. You may consider independent financial advisors like 'Sophia Irene Powell " I've worked with her for over 4 years now and I'd gladly commend her exemplary service on a public post.

[@Tsunaniis-j5l]

glad to have stumbled upon this, curiously inputted her on the web, easily spotted her consulting page and was able to schedule a call session. Ive seen commentary about advisers but not this phenomenal

[@Mark-ef7pi]

For options, I'm finding this channel probably the best on KZbin, no gimmicks or unrealistic promises, great strategies, great explanations.

[@peytonlawler3133]

The come up series , playlist starter-pack

[@TylerBeckert]

Amazing video, thanks guys! I am 1 year into options have been learning from Tom and crew the whole time. I’ve been going hard on the 45/21 strangles and great to hear it all summarized like this.

[@ddroz23]

The team or Tasty Have changed the way be looking at Trading. scalping a $100 here or there on stocks is not the easy money anymore. A good Sell put Portfolio is much more efficent than that.

[@OptionsPlay]

Our pleasure!

[@gabrielepaciocco2163]

The most educational Options stuff on the internet. Amazing

[@virajdance]

*Timestamps:* A. Intro/Background | B. Mkt Envrnmnt Oddities | C. Fav Strategy w/ Entry/Exit Procedure 04:10 *Tom's Intro:* mkt maker, ToS + TastyTrade, software & content dev; Aside: 06:00 Brian at OptionsPlanet split education from brokerage 07:28 *Brian's Intro:* options educator 09:15 *Industry changes:* 75% of brokerage transactions are derivatives, not stocks = importance of capital efficiency; trading groups (options traders want conversations) 12:25 *B. Market outlook:* new all-time highs w/ unusually high protection w/ VIX above 20 (vs mid teens normally) 16:40 *Upcoming election:* //Brian// mkt waiting for speed bumps to be cleared then bullish 18:50 *C. Fav Strategy w/ Entry/Exit:* *Tom:* 75%:25% undefined risk:defined risk trades; 100 trades/day, as mostly high-volatility (high IVR), short strangles just outside expected move (45 DTE, 20 Delta); various underlyings (stocks, etfs, futures) but not VIX, biotechs; small bet size with diverse holdings; trades smaller, more frequently, direction-ambivalent. Mgmt: by 21DTE (by 1/2way to exprtn) or 50% profit target. 31:30 *Brian:* trades high volatility underlyings w/ directional bias. 32:40 *skip-strike butterfly:* embedded call-spread that pays for butterfly--more credit builds safety buffer; long spread wider than short spread (if VIX upspikes, you're safe). Adjustments: long spread to butterfly to short spread. 35:45 *Why Sept/Oct bearish seasonality:* Apr/May is worse; //Brian's adjustments: shorter term 5-18d (VIX monthly exprtn on ea 3rd Wed ); 41:00 *Brian's mgmt:* ex. bearish put butterfly, mkt goes against (up), sell most expensive contract and roll to least costly contract to follow trend, net credit to acct, follow with trend. 43:45 *Tom's trading example screenshare:* TSLA, NVDA are most traded stocks; huge liquidity, high volume, high IV (70% = avg daily move of 3.5%), expected move (above avg); binary event (high premium); pricing skew to upside vs downside; delta neutral trade w/ 2 different strangles; CVAR shows worst-case 5% risk; high PoP (82%). 53:00 *example for small $50k acct:* 54:50 *efficient pricing of options:* risk:reward = Prob of Profit 57:55 *Close out call to action*

[@ryanwendel6115]

How is risk being handled with this options play? I understand buying-to-close both legs at the 21 day mark and exiting the trade if either strike is crossed but what about handling risk when implied volatility spikes? Ride it out or set some threshold? This might push one to try and enter into strangles where both legs have a higher than 50% (or some other threshold) level of Implied Volatility. What are your thoughts on this?

[@Yt-user65000]

13:20 than you for acknowledging the sentiment. The fear in this bull market is palpable & everyone is holding their breath for a black swan -except that BLS & official sources painting a rosy picture & outlets like Yahoo! Finance gaslighting us that this economic house of cards propped up by 6 big companies is “stronger than ever.” The consumer would beg to differ & smart investors know the whole thing is running on fumes. Thank you for your honest perspective.

[@Zachyarry]

The market has been unfavorable for months even after applying numerous strategies I keep losing my money selling-off during dips, It’s a bad psychological position to be in, and I’m afraid to hold anything right now. What kind of trading plan can I use to avoid losses? How are you guys still making money? I’m down 55k this week, and it’s so overwhelming 😢😭😭.

[@Zachyarry]

I am happy with this recommendation and hope that James will give me insights into the direction of the economy and strategies to combat inflation

[@JasmineReneess]

Just hold an buy more … leave penny stocks alone .. I was down 53k Aug 4… I recover alll my lost and I have the pic to prove it …. Some days I would just go to work and not look at it and tell myself this is a long term investment it will grow back

[@MHenderso]

Good information, thanks for sharing, it will help a lot, especially young investors who have no or little knowledge of how the market works.

[@AudreyMartinezkiss]

otherwise. You will win some and lose some. If you don't have the stomach for it.... don't do it, I suggest you seek help to address your long/short-term goals

[@goodyist]

Try with cash covered Puts and Covered calls

[@DarrellJames-r2i]

Hey Tony, Tom, and Brian. Darrell a Tastytrader from St. Louis.

[@christopherganir]

“I trade 70-80 tickers with small lots” then proceeds to sell a 20 lot TSLA strangle. I want to be there

[@tomse2]

Great stuff, thanks! 👍 Probably one of the most important takeaways for new traders: Even a Pro like Tom tells us he is not better in guessing direction than you and me... So this is not the best way to earn money 🤓 thx

[@paultreviska9417]

without diagrams to support the discussion this might as well be a podcast to listen to in a car. Why is this on youtube

[@zaklloyd4335]

Love your shows, Tony. Do you trade crypto? Would love to see some BTC or ETH options featured in a show!

[@jangchunakate867]

Always give us good stuff 👍 Thank you!

[@jimmy-d4p]

everyone hating on spx and expecting a pullback makes me even more bullish

[@osman3404]

What does trade small really means specially when selling Strangles?

[@OptionsPlay]

It means that if the stock moves 2 standard deviations in either direction the loss on the straddle should not exceed roughly 2% of your total portfolio. So for example if you’re have a portfolio of $100k, the 2SD move in a stock should equate to about a $2k loss in your portfolio. If it is larger than $2k then you need to sell fewer contracts or sell straddles on a lower priced stock.

[@tboughnou]

Can I place a basic buy call with automatic stops?

[@foto21]

I remember those big seminars and conventions of the past, and it's kind of sad the world isn't that publicly social anymore generally, except at music concerts of course which are too expensive.

[@Mr3ek]

When Tom says on 21 min skew a little if you bullish or bearish what does he mean?

[@michaelwelch103]

What percent of derivatives volume is retail vs institutional ?

[@LMF-ct4lt]

you need to read your comments and shut down the comment trolls advertising for nonexistent gurus.

[@nancypickering8217]

Where do we find the notes for this presentation??

[@sampalacio4101]

Hello Sam from Florida

[@OptionsPlay]

Hey Sam! Thanks for watching. Hope you are safe from hurricane Helen!

[@jimmy-d4p]

@@OptionsPlay milton

[@johnohara1433]

Tony, why dont you get a decent microphone? It always sounds like you using an old Radio Shack model. Either youre mike is bad or maybe youre phoning it in from Indonesia.

[@PremiumCollector.]

Legends

[@OptionsPlay]

Thank you! It was a fun session to host!

[@BO11111]

shame tasty is not available in Europe 😞 hope this will change

[@elvinaguero4651]

6000 for spx easy before the end of the year...

[@lonniesmith2966]

Dont forget vote red or risk a 45 % capital gains tax and a 20 % unrealized profit tax In short the end of retail trading

[@Narcissist86]

Yes, because most retail traders have over $100 million net worth. Or did whatever right wing news source you used not tell you about this detail?

[@Roscoe0494]

@@Narcissist86 You must mean the detail in Harris' tax plan which nobody really knows because she can't coherently describe it.

[@Narcissist86]

@@Roscoe0494 if that's the case no one should be speaking so vehemently against it, with certainty that there's "45% capital gains tax" and "20% unrealized profit tax". Right?

[@chewie1355]

Came O Lot sucked her way to the stop. She got skills not bad for a first Indian senator in California.

[@Narcissist86]

@@chewie1355 and there it is, an insightful look to the right's voter base.

[@smark1180]

How many The ONLY #1 Options Strategy videos has he posted?

[@steve99912]

BOB TOSNOFF nice

[@curtisstrain9709]

I would rather see this on Google podcasts or KZbin music.

[@Mark-ef7pi]

July through October, volatility season, fund managers go on vacation on their super yachts and retail traders dominate.

[@devdhamija7585]

Brian Overby!!!!

[@mason5540]

Great content but the format of this video blows

[@joemattingly9517]

Hello

[@midwestcannabis]

🥳🥳✌️✌️

[@jjbee1031]

I had this on in the background and Bryan’s last name caught my attention. It’s the same as mine which isn’t common. What’s up cuz lol

[@ЕленаФирсова-ц6м]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[@ЕленаФирсова-ц6м]

@ZgitSophia Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY* , a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.

[@ЕленаФирсова-ц6м]

@ZgitSophia *MARGARET MOLLI ALVEY*

[@ЕленаФирсова-ц6м]

Lookup with her name on the webpage.

[@LiviaDeantyG]

@ZgitSophia *MARGARET MOLLI ALVEY* her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy

[@wojcikrc]

they never get to the point