Option Trades Today: Recent Episodes
tastytrade
COIN Omni directional slightly bearish 1:2 ratio spread. Great probability of profit if volatility and/or stock price declines but a capital-intensive trade.
META with its low IVR and high stock price, fits perfectly for a diagonal trade with defined risk! Now all we need is to get the direction correct!
In true Halloween fashion I have a scary SPX trade to show you and a post earnings MSFT iron condor.
MU Classic Iron Condor collecting 1/3 the widths in credit and a little knowledge drop about dividend risk with options!
/CL bearish call ratio spread with a discussion on the size difference and buying power changes with SPAN margin. Yes! You can do this trade in an IRA account at tastytrade
NVDA Iron Condor. A defined risk trade with a good probability of success and a high ROC vs risk ratio
/CL Omni directional bullish trade in oil. I can't avoid the high /IVR in oil from the world's worst commodity trader, me!
Shorter dated (31 days) entry with a little tighter strangle (20 delta) to collect additional premium in a high IVR stock, AMD
AMZN, COIN and QCOM with 4 different trades in 3 different stocks tasty overperforms again!
Strangles, Jade lizards and ratio spreads!
GOOGL Classic post earnings strangle with high IVR and a post earnings double ratio spread in TSLA with high IVR
Johnny trade here, low capital risk for the Bat! Iron Condor 50/50 shot with break-even at the recent lows and highs for this stock!
Like a coin flip we are risking one dollar to make one dollar but with a 67% probability of success! How can that be? Find out how!
There are a few certainties in life. Death. Taxes. And if it's an election year, some politician is going to ask you if you're better off than you were four years ago. But is that the question we should be asking? This week, Tom and Dylan tackle a more pressing question and ask if we are smarter than we were four years ago. Is society moving in a positive direction or is part of society falling behind? This and more on this week's episode.
Not one but 2 trades today! A bearish call ratio spread in AAPL and a wide bullish /CL (oil) ratio spread.
We look at two trades today MSFT & NFLX both are post earnings, but which trade is the better use of capital?
Strangle in BA with expanding volatility and high IVR.
Plus, two other trade ideas a synthetic strangle and put ratio spread for you bulls!!
Two-fer Tuesdays are back at tastylive! Omni directional bullish trades in my best strategy preforming stock of 2023 TSLA and the very liquid AAP
Post earnings bullish classic Jade Lizard in a high IVR stock with zero (.01) correlation to the S&P
Defined risk trade with a 33% probability of profit or 64% probability of profit? Give me a chance to explain the "Unbalanced Iron Condor".
How do we trade a high-priced stock with limited risk and a high probability of success?
What did you think of that demonstration outlining the strategy benefit that skew provides? Classic omni directional 1:2 bearish ratio spread.
Rare to see! SPX has call skew? Let's use that skew (spreads trade cheap, naked calls trade rich relative) to our advantage with a wide broken winged call butterfly
Commodity options can be much bigger products than equity options and settle to different futures months not stock. Watch me set up a classic strangle in a high IVR commodity, oil!
How do you trade a high-priced stock approaching 500$ per share and have only 1,900$ in risk with a chance to make 1,600$ and have a +80% probability of profit? With BWB option strategy of course!
Low IVR (2%) and no volatility differential between DEC and JAN sets up nicely for directional diagonal! Now if we can only get the direction correct, we will be golden.
Not one but two trades from the BAT today - a classic "Iron Condor" in TSLA and a bullish "Jade Lizard" in XOM
A double "batterfly" or "Patent pending" double broken winged butterfly - Similar to an "Iron Condor" on the risk graph but this trades on steroids with its big profit potential tent at the short strikes!
Classic strangle in SPY with its IVR elevated and a Jade Lizard for GOOGL with its recent down move and relatively high IVR post earnings its time to be a contrarian!
Patent pending omni directional BWB and a post earnings trade in MSFT simulating the buying power of a margin account.
Omni directional bullish ratio spread in an IRA account. Demonstrating how to reduce the buying power from $27K to only $4K
Low basis (relative) high IVR = classic covered call with a 2.72% dividend kicker! Bonus content! 3 ways to simulate this trade using less buying power than the covered call.
For all you Johnnies and tastybite accounts a skewed strike IC using minimal buying power.
Classic 10$ wide IC in AVGO with the highest +12.5% IVx5dy change and a not so classic zero day (0) Batterfly in SPX and the reason for picking these strikes!
Which strangle do you prefer? A 1 standard deviation strangle with its high probability of success or the 25ish delta short strike with its higher credit? Why not both!
Not one but two trades today! The Jade Lizard strategy is highlighted. Don't know what that is? Spend 12 minutes and find out! Plus special instruction for IRA accounts and reducing buying power.
Omni directional slightly bullish put ratio spread and how to simulate the lower buying power of a margin account in an IRA account.
Low IVR, Defined risk bearish diagonal spread in XLE who's 3 biggest components are XOM,CVX & SLB
Post-earnings trade with a discussion of why a strangle in November is a more logical trade for me than a put ratio spread or strangle in October.
With IVx 5 day change up +3% and AMD lower a put ratio spread "omni directional" is my play!
Classic synthetic strangle / wide iron condor which uses approximately 30% less buying power than a strangle but only sacrifices 2% of the trades probability of success
Not one but two trade ideas for you today! A classic neutral strangle in AAPL and a classic bullish stupid trade in AMC. What is a stupid trade you ask? Watch and find out.
Putting some capital to use with a strangle in both AMD, which has a very interesting buying power to credit received ratio, and TSLA with its wild swings!
Classic omnidirectional bullish ratio spread but BAT demonstrates how you can make 3 similar trades in $AMD, with similar probabilities of success using 50% less capital and 90% less capital even if you are in an IRA account!
Not one but two trades today! An omni directional trade in AAPL with a high probability of profit and a delta neutral trade in GM with a high buying power to credit received ratio!
SPX bullish - Going back to the well! Made a similar trade on 8/10 worked for me then, maybe today too?
Defined risk Iron Condor which uses a limited amount of capital in higher priced stock situations.
Tony looks to get long bonds selling puts in /ZB. He also explains the unusual tick size of bond options.
Earnings in MSFT are after the close today. Bullish goldilocks type trade, stock cant run too far, just right at the expected move works well, a 94% probability of profit trade for earnings but it comes with upside risk too!
Post earnings bearish/omni directional trade with a +90% probability of profit! And a recap from my MSFT trade first placed on 6/27 that had 6 rolls to extend duration! Giving us time to be right.
Post earnings trade in MS. MS has a high .77 correlation to the market too. Playing the contrarian roll, short delta trade into this larger than expected MS up move today. Defined risk / positive theta decay trade.
Post earnings short delta diagonal trade in DAL. A defined risk trade which uses less capital but has a larger delta then most trades we have placed and volatility sensitive.
Special guest Errol joins me to today as we search for premium selling opportunities in high IVR stocks with no earnings in August. Errol then critiques my trade!
SPX Bullish to neutral put broken winged butterfly - reducing width of the wings to take less risk.
Avoiding earnings (8/31) reducing risk with a high probability of profit defined risk trade with a kicker.
Volatility up and the market up? Sign of a market losing steam? Bat looks at a defined risk trade to take advantage of this.
Looking to put some capital to use. COIN is a relatively lower priced stock with call skew that fits the bill!
Synthetic strangle in META. Also highlight a new tastytrade feature CV@R also known as Conditional Value at risk
Going rouge again! IVR low! Leaning on the tastylive research that suggests stocks go sideways after a big move. 1SD strangle in NVDA
First ever (I think) futures option trade on this podcast. /NG (Natural Gas) making new lows with expanding volatility - perfect set up for a contrarian trader.
Having had good success this earnings cycle with "post" earnings trades and with volatility staying bid and upside skew in NVDA a wide Iron Condor is the Bats play!
Not one but two trades today in TSLA! A Batman (double Ratio spread) and a strangle with IVx 5dCh up 6% it's time to put some money to work.
Contrarians mount up for Bat's bearish defined risk trade! NFLX is up $27 today and almost $50 in the last 24 hours! This broken-winged call butterfly uses only $900 in buying power.
Tony looks at two trades today in IWM - an omni directional bullish ratio spread and a classic strangle.
Reginal banks continue to be weak but why is SCHW getting killed too? SCHW IVR 5dCh up 9% looks juice to the Bat. Two bullish trades using relatively low Buying Power, under $900 per contract.
Tony trades META: Post earnings, defined risk, relatively slow-moving strategy with a high 69% POP and no risk to the downside.
Two post-earnings trades from Tony today in his best performing P&L stock of 2023 so far: TSLA
Monthly implied volatility in BIDU is higher in May (pre-earnings), than June (post-earnings). Tony looks at a slightly long strangle for May.
Cost (Costco) getting hammered (lower) today but with its low IVR and Tony's contrarian approach, he is forced to be directional and place a bullish diagonalized spread!
Skewed delta long strangle in IWM, which has the highest IVR of the equity ETF's, and a helpful demonstration of how to use less buying power in an IRA account!
GLD price and IVR are high! Tony demonstrates two trades, one with defined risk and one with undefined risk, using BP as the barometer.
Something for everyone today, defined risk and undefined risk. Today Tony trades TLT and AAPL.
Regional banks stock prices are getting crushed! IVR is actually expanding, and Bat is a contrarian with a KRE 1:3 bullish put ratio spread!
Classic covered call in INTC a highly correlated stock, .73 when measured to SPY that has not participated in the recent market strength.
What bullish option strategy has 3 legs, uses both calls and puts but only has downside risk? An AAPL "Jade Lizard" of course! Today also discusses how he would trade SI (Silvergate Capital) after it tumbled 40% today.
Rinse and repeat - today, after closing 3 podcast trades for profits, Tony puts some cash to work in a bullish MSFT trade with a +90% probability profit.
Tony leans on puts with a bullish post-earnings trade in GOOGL which has a high .74 correlation to SPY
Volatility has expanded by 10-15% since 2/16. Tony looks to benefit from a volatility contraction and price action to improve with an omni-directional broken-winged butterfly in SPX.
Our research suggests post-earnings stocks typically follow the earnings direction with volatility contracting. Tony looks at UPST bucking that assumption with volatility staying bid, bullish omi directional trade.
Searching for high IVR stocks without earnings is a challenge but Tony looks for volatility and liquidity in AAPL. To get started trading open an account on tastyworks! tastyworks, Inc. and tastylive, Inc. are separate but affiliated companies.
Inverted yield curve? Tony looks at the large move in the 2's rates vs 10's rates using micro futures and explains the yield difference between the two and how he trades that relationship!
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Post earnings trade in GOOGL - Tony looks ay an equal distance from the stock price strangle and compares delta. To get started trading open an account on tastyworks! tastyworks, Inc. and tastylive, Inc. are separate but affiliated companies.
SPY IV Rank of ZERO? Tony looks for a little vol expansion in SPY with a put diagonal trade. To get started trading open an account on tastyworks! tastyworks,Inc. and tastylive,Inc. are separate but affiliated companies.
Tony trades a MSFT small delta long, skewed IC to reduce buying power. To get started trading open an account on tastyworks! tastyworks, Inc. and tastylive, Inc. are separate but affiliated companies.
Post-earnings defined risk trade in NFLX while utilizing a limited amount of buying power because of the low IVR.
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Is low volatility signaling that this market has more room to run? MSFT Omni directional bullish trade for earnings tonight!
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Having closed his Wayfair strangle for a $100 profit yesterday and with today's expanding volatility, Tony steps back in W with another wider strangle! Also, a bullish natural gas play in UNG. He goes over his favorite setup in SPX - getting ready for the move?
With a big jump of 10% in the 5-day change in Implied Volatility and earnings the day before expiration, ROKU is Tony's trade for today.
Crypto breakout? COIN is in play for Tony today.
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With most of the S&P posting earnings in the next few weeks, high IVR trades without earnings looming are tougher to find! Directional trade in MRVL and a delta-neutral trade in W.
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Breaking all the tastylive mechanics for you short-term option rebels - MSFT is in play for Tony!
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Avoiding Q1 earnings but staying mechanical, looking for high IVR and high IVX 5 day change Tony trades XOP and discusses a PDD trade.
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Tony aims to place a trade in ABNB with a bullish assumption using only $500 of capital.
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What strategy do you go with when a stock has wider than you like bid/ask option markets? You do a defined risk trade of course! Tony trades an iron condor in ADBE today.
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Santa Claus rally anyone? Today Tony trades a broken-wing butterfly (BWB) in SPX assuming Santa Claus is coming to town! To get started trading open an account on tastyworks! tastyworks, Inc. and tastylive, Inc. are separate but affiliated companies.
Tony comes with two trades today in two different months using two different stocks AAPL & TGT.
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Two trades today from Tony. TSLA and SPX, one bullish and one bearish! Something for everyone at tastylive!
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Special ratio spread alert: A 1:3 Omni directional bullish trade in XOP with expanding volatility and a 90% probability of profit!
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Two stocks CRM and COIN both are post earnings, with expanding IV monthly 5 day change, liquid markets and high IVR too!
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Watch Tony's reasoning for choosing to trade SHOP today and the process for deciding what strategy to trade. A jade lizard or strangle! To get started trading *open an account on tastyworks!*
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Two trades! After closing his TSLA put ratio spread from 11/17 for 40% of credit received Tony jumps back into TSLA with a strangle and a MSFT ratio spread/wide broken winged butterfly.
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Tony closes his TSLA trade from 11/8 for a small profit and opens a new trade in TSLA with new strikes. Why? Listen and find out. Also, a GM strangle, GM has seen expanding volatility this week!
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tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
Two for Tuesday! Today Tony looks at an equity option trade in GOOGL and an option trade in an exchange traded fund, SPY.
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Crypto, Sam Bankman-Fried, digital assets are on everyone's lips and all the talk around the office water cooler! To take advantage of this opportunity Tony trades COIN.
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tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
Not one but 2 trades today from Tony. A classic strangle in NFLX and a rare opportunity to place a $10 wide put ratio spread with a +90% POP in TSLA.
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We think Tony has lost his trading mind! Nobody gets long META but Tony does have a 68% POP with the strategy he uses, and have you seen the IVX 5day change? Juicy!
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tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
Putting some cash to work in AAPL today! High IVR, post-earnings, and liquid, penny-wide option markets!
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tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
Tony looks at two post earnings trades today with high IVR, tight markets and tons of liquidity, GOOGL and MSFT.
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tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
Tony looks to find some dollars in China. Bullish, catching a falling knife in BABA or is he bearish, going with the trend? Hint - he uses a jade lizard strategy that has a 73% probability of profit.
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tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
Post earnings trades are the subject of today's podcast. Tony looks at TSLA and NFLX and finds opportunity in both!
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tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
/6E Eurodollar future options are in play today for Tony!
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tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
Tony can't resist bonds with the highest IVR this year! And he goes big using /ZB.
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tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
Looking to find stocks to trade without looming earnings dates in this cycle is tricky, but Tony finds a high IVR, liquid option market in MU a relatively low-priced stock that won't use a lot of buying power!
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Good product, bad stock performance! What kind of directional trade would you make, bullish or bearish? Find out what Tony thinks about DOCU and the strategy he used.
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Durational trades over directional trades bailed Tony out this week! Today he flips the cards over with 2 bearish trades in SPX and XOP!
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Something for the newer traders listening to our podcast. Bat goes shopping at COST for "ROR" (return on risk) using only $700 in buying power.
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Bat goes outside his comfort zone with two trades that are bullish! He explains a big-sized contract, /6E (eurodollars) and its unique tick size in an easy-to-understand way. Then a 50/50 directional play in /VXM Mini Volatility futures.
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tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
Tony goes back to the well in SPX with a put bullish/omni directional broken winged butterfly. The exact same strikes he used on his 8/30 podcast. See how this trade has moved and why Tony is placing this trade again!
Tony is avoiding earnings, applying a strategy he doesn't often use on his podcast for this SHOP trade with high IVR 61%, high POP 75%, IVx5 day change +5% and only uses $500 in buying power.
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tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
Tony finds two stocks with great liquidity, tight markets and both are widely held names with IVx5day change up +4.5% MSFT and NVDA, a big volatility move this week in both provides us with some premium selling opportunities!
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tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
After closing profitable bullish delta trades in AAPL and GOOGL yesterday, Tony goes back into both stocks which have seen a spike in volatility today!
To get started trading open an account on tastyworks!
tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
Tony looks at not one but two strategies today! A delta neutral strangle and a bullish put ratio spread in TGT and MSFT. Can you guess which stock he is bullish with? Tune in and find out!
To get started trading open an account on tastyworks!
tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
First time on Tony's podcast! With the Euro /6E at 20-year lows Tony gets long the Euro and explains its unique tick size!
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tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
Tony's looking at NVDA, down 16$ today & down 40$ this week! Placing a 1:2 put ratio spread but I have decisions to make: should I be 10$ wide collect less credit and have a higher probability of profit or only 5$ wide with a bigger credit more directional? Tune in and find out!
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Tony is going into SPX with his patented Broken Wing Butterfly defined-risk trade today! Please remember SPX is 10x the size of SPY so position sizing is key. To get started tradingopen an account on tastyworks!
tastyworks, Inc. andtastytrade, Inc. are separate but affiliated companies.
Tony took off his GOOGL strangle placed on 8/9 on this very podcast for 50% of POP. Today he looks to go "two for two" in GOOGL. Market implied volatility is weak but expanding volatility in GOOGL over the last 5 days makes for a nice setup. Tune in to find out what strategy Tony used!
To get started trading open an account on tastyworks!
tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
Tony looks at three trades today TWTR,SHOP and a post earnings trade in ZM! How many did he get filled in? Tune in and find out!
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tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
Bond volatility is creeping higher as the equity markets volatility goes lower. TLT is on Tony's radar today!
To get started trading open an account on tastyworks!
tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
At tastytrade, we look to place trades with an optimal time frame, closest to 45 days in the monthly options. What month did Tony look to trade today September or October for his strangles in ROKU & SQ?
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tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
Tony places an omni directional, slightly bearish call ratio spread in a meme stock of all things! AMC IVx5 day change is up 44% and OTM call volatility is out of this world high! What can go wrong? Spoiler alert....... everything!
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tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
With volatility collapsing in the market this week to some of its lowest levels in a month Tony finds GOOGL has had a slight uptick in vol over the last 5 days! Putting some capital to work with a strangle.
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tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
Not one but two trades today from Tony in XOM & JPM both with expanding IVR over the last 5 days even as the market volatility hits lows! Premium sellers delight!
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tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
With its unusually high IVR and post earnings, Tony trades a strangle in CAT with his breakeven just outside 1 standard.
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tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
Do you know what a classic 1SD strangle post earnings in NFLX is? Take 5 minutes and find out, as Tony discusses his reasons for this trade.
To get started trading open an account on tastyworks!
tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
Tony's working overtime for you today - two trades in GOOGL which has earnings tonight! And a trade in UNG which has an IVX 5 day percentage change of +17%, a metric Tony relies on when looking for a premium selling strategy.
To get started trading open an account on tastyworks!
tastyworks, Inc. and tastytrade, Inc. are separate but affiliated companies.
Tony makes his first post earnings trade of the season in TSLA and it has defined risk!
First time for everything! Laddered strangle in ARKK with a 67% probability of sucess and low buying power used!
Avoiding stocks with earnings during earnings season and looking for high IVR, well no IVR higher than OIH with 104% volatility - wishing OIH had tighter option markets, but you know Tony he found something interesting to do!
Birthday edition of "Option Trades Today" as Tony celebrates his birthday with a special 1:3 omni-directional trade in CHWY that requires you to do a little math!
Consumer discretionary stock TGT with its 90% IVR is on Tony's radar today and he is looking at a 1SD strangle!
Two trades today but hoping third times a charm too! Looking for another round trip score with the same SPX Broken Wing Butterfly from last week. Have you seen oil? Oil down 8%, under $100 a barrel! What trading strategy do you think Tony used in USO?
Tony looks at one of his favorite trades to place when volatility approaches 30 in /VX a BWB (broken winged butterfly) in the cash settled index SPX
2nd quarter coming to an end, earnings looming in many stocks but volatility is creeping higher in TLT! Omni directional bullish trade in bonds!
Tony finds a contrarian strategic trade in the semiconductor ETF SMH which has continued to go lower as the market has rallied but if that doesn't suit you his ZM delta neutral trade will!
Tony has avoided oil and oil related products until today! XLE with its high IVR and low BP looks like a good place to start dabbling with an oil related trade.
Volatility near yearly highs! Equity prices at the lowest levels in years, Tony goes slightly bullish with 2 very similar but completely different trades in TGT & SPX.
Have you seen bond yields lately? More importantly, have you seen bond volatility? Fed meets this week too! Tony looks at TLT with its high IVR & lower price and takes a bullish stance!
Two trades today from Tony. Instant gratification instant pain for all you "big dog" risk-takers, with an earnings trade in DOCU and a strangle in JD with its volatility expansion.
Looks like Tony is putting some capital to use with high probability trades in AMZN, which recently split, and AAPL!
Tony discusses the reasoning the pluses & minuses behind why he is adding a call BWB (omni directional 80% POP trade) to his existing SPX position the 3950/3900/3800 put BWB and why he likes the trade as a stand alone trade too!
Tony looks at a tastytrade classic delta neutral strangle using 20 delta options in BA. Over $500 in credit and only using $1,325 in buying power!
After closing his AAPL trade in June today for a scratch, Tony goes back to AAPL but in July. This time combining two strategies a vertical spread and a strangle to maximize his directional assumption, BP and premium selling.
Tony looks at a SQ strangle using only $800 in buying power and a bullish play in GOOGL pre-split!
Not one but two trades today, WMT strangle and AMZN Broken winged butterfly. Both stocks have had expanding volatility over the last 5 days, setting Tony up to sell some high premium!
HOOD & GM are on the radar today. Low priced stocks use less buying power - a small sized accounts dream scenario.
Tony adds an omni directional put broken wing butterfly to his portfolio, slighly long delta with no risk to the upside.
GOOGL is expected to split in July 20:1. Typically a bullish set up but GOOGL is lower after this announcement. Tony looks at an Omni directional slightly bullish trade in GOOGL
AAPL, with some of the most liquid option markets, high monthly & IVRank sets up nicely for a slightly bullish delta trade.
Tony puts on an omni-directional position in GOOGL with a small amount of long delta, going with a put broken wing butterfly out in the June monthly expiration.
Do they come for the pigs? NFLX Omni directional put ratio spread with a breakeven price NFLX has not seen since 2017!
Post earnings Batman trade in TSLA! Capital efficient trade/defined risk with a high POP!
All eyes are on NFLX earnings today and so are Tony's with his first earnings trade of the season! Also trading debit/interest rate exposure with a TLT trade.
Today Tony looks at 2 trades that use the same buying power, a post-earnings trade in GS and a strangle in the high IVR ETF ARKK
Natural Gas has seen a huge run up with the rest of the commodity space. Tony decides to go with a call ratio spread with a little bit of short delta but a kicker to the upside
Today, Tony looks at an "Omni directional" trade in FDX highlighting 2 trades with their buying power difference!
Tony does another futures option trade this time in /ZB. Listen to how Tony explains SPAN margin and the way it can affect the buying power of this trade.
Tony looks to get more trades on and his theta higher with 2 trades that use less capital than his last few trades. With 50 days till expiration and about $800 for each trade, Tony aims for over a 75% probability of profit.
Tony does his first futures option trade in /CL, a big product when compared to USO. See how he makes this big trade small with an Iron Condor.
Gold is another commodity that has seen huge moves to the upside over the last couple weeks. With some volatility skew to the upside, Tony looks to place an upside call ratio spread with no risk to the downside.
With volatility in oil exploding, Tony looks to place a wide delta nuetral strangle in USO, selling right around the 10 delta on either side of the ETF.
Tony goes back to NVDA and its high IVR! Looking for volatility contraction. A classic 1SD strangle "delta neutral" using the 16 delta options.
With vol expanding in all the China stocks, Tony looks to add some long delta with a jade lizard into multi-year lows in BABA.
With Apple well off the highs and implied volatility high, Tony adds a put ratio spread with a breakeven down at 130. This position has a small amount of long delta, but benifits most from a sideways/lower move.
Tony looks to play into the call skew in USO via a wide call ratio spread. A nuetral position with no risk to the downside, and added profit potential to the upside, with a high probability of profit!
Tony adds two positions today for the April monthly expiration, both right around the 1 standard deviation mark and only using around $2,000 in buying power.
Tony takes a slighly bullish position in NVDA with a tight put broken wing butterfly. Only using around $500 in buying power (and risk!) this position is doable in smaller sized accounts!
As the markets continue to chop in light of the Russia-Ukraine conflict, Tony Battista looks to set up a few trades to capitalize on the higher volatility. Tune in for his Broken Wing Butterfly setup in TSLA and his range-bound Iron Condor in HD.
QCOM volatility has steadily increased with the rest of the market, Tony looks to put on a one standard deviation strangle on out in the April monthly expiration.
Tony adds to his portfolio a nuetral delta, one standard deviation strangle in NVDA post earnings.
Tony looks to place two strangles today, one in GILD and AMD. These directionally nuetral trades benifit from sideways movement in the stock, and/or a contraction in implied volatility!
Tony takes a suggestion from a viewer, looking to place a slightly bullish skewed broken wing butterfly in NFLX.
Tony comes to the table with two trade ideas in GM, one nuetral delta strangle and one slightly nuetral to bullish jade lizard set up.
With AMZN earnings coming up after the close, Tony looks to place a Batman trade. The set up is a combination of a put broken wing butterfly and a call broken wing butterfly, a delta nuetral position that can benifit from a move at the expected move on either side of the stock price! With FB down 25% after earnings, Tony is also adding a long delta Jade Lizard to buy the dip.
GOOGL Earnings are coming up today after the close! Volatility is high with around $150 expected move through the end of the week, Tony decides to go to the March monthly expiration with 45 days until expiration. The trade? THE BATMAN! The combination of a put broken wing butterfly on the downside, and a call broken wing butterfly on the upside!
Tony is back today with 2 trade ideas! His first is an earnings trade in Robinhood, where he’s bullish on it and selling a put in this stock. His second trade is in Netflix, tune in for the setup on this trade.
Join Tony as he explains his trade idea today in SPX. Get his setup and reasoning for his Broken Wing Butterfly trade.
Tony has an EARNINGS trade idea today in Netflix!! Tune in for his omni-directional Broken Wing Butterfly setup.
Tony has another omni directional / slightly bullish trade idea in DraftKings this week. Tune in for his funky 2:5 put ratio spread setup in today's podcast.
Tony's trade idea today is in Square. With a High IV rank, he places a 1 SD strangle trade. Tune in for his setup in today's podcast.
Tony is back for 2022! He has TWO trade ideas in ARKK & ROKU. Tune in for his Jade Lizard idea in ARKK & a slightly bullish ratio spread in ROKU.
Tony is trading ARKK for the first time on his podcast in 2021. Tune in for his bullish custom spread trade setup.
Tony's pre-Christmas trade idea is in DraftKings. Tune in for his strangle setup in this stock.
Tony has 2 trade ideas today. His first is a ratio spread in Moderna, and his second is a jade lizard in Zoom. Tune in for the setups
Tony has TWO trade ideas today, including one that is an earnings trade. His first, an earnings idea, is a defined risk trade in RIVN and his second is a "batman" trade in ROKU.
Tony has TWO trade ideas today, but they are in the same underlying... NVDA. Tune in for his Strangle & Put Ratio Spread setups in Nvidia.
Today, The BAT’s messing with a high POP earnings play in CHWY, and a strangle in BYND. Check out if one of these trades is right for you.
After a monstrous rally, Tony puts on a wide strangle in DOCU and a ratio spread in COIN.
Today, BAT’s got two trades: one defined, one undefined. Consider this iron condor in Netflix or this combined long call spread / short strangle in HOOD.
Tony lays a whopping 5 trades on us today! The BAT’s bearish on the U.S dollar, bullish on American Airlines, slightly bullish in Alibaba and SPX, and neutral in MRNA. Do you agree?
Tony’s feeling neutral and offers up a ZM post-earnings strangle and a TSLA iron condor.
Tony offers up 2 trades today: A bullish DKNG play with $400 BPR, and an omni-directional/slightly-bullish TLRY play, costing $550 in BPR.
AMD’s IVR is at a healthy 54.6, giving the Bat an opportunity to put on his eponymous “Batman trade,” a combo of a put and call ratio spread.
Tony's trade idea this Thursday is in Tesla. He places a $30 wide (on the wings) Iron Condor. Tune in for his setup and resoning in today's episode.
Tony has 2 trades today, one in Nucor & the other in Visa. Tune in for his strangle idea in NUE & his ration spread idea in V.
Tony has a strangle trade idea today in Facebook. Tune in to see why he doesn't like any of the earnings trades today, and opted for this post-earnings trade idea.
Tony is back with TWO Broken Wing Butterfly big tech stock trades. His first is in Tesla & second is in Google. Tune in as he explains his setups and why these trades work for his portfolio.
Tony is trading a new underlying for the first time. Tune in for his Batman setup in KWEB.
On the 34th anniversary of the crash, Tony has an earnings trade in Netflix. He is looking at a skewed broken wing butterfly defined risk trade. Tune in for the setup for this trade idea.
Tony is looking at a trade idea in a stock that he has never traded before. Earnings are looming in November, but he looks at a broken wing butterfly idea. Listen for the setup and why he likes this idea.
Tony has one trade idea with a high IVR that doesn't have earnings in the next 3 days. He puts on an omni directional, 3 DTE ratio spread. Tune in for his reasoning and setup on today's podcast.
Tony is looking at a trade idea in Best Buy during the November Monthly Options. Tune in for the setup of his delta neutral strangle.
Tony has 2 trade ideas on this Tuesday, one in Costco and the other in XOP. Tune in for his setups and why he likes these ideas for his portfolio.
Tony is back with 2 trade ideas on #InternationalPodacastDay! As the quarter ends he looks at ideas in AFRM and DIA today. Tune in for his defined risk trades.
Tony has FOUR, that's right 4 trades today! Get your pen and paper out for his trades in SPX, GLD, and 2 in UNG.
The OTM options are rich in ATER. Tony is looking to execute a custom spread with no downside risk in this volatile stock.
Volatility is spiking, so Tony is trading a Put Broken Wing Butterfly in SPX. Then, he seeks new opportunities in NVDA with a Strangle.
Tony has two trades today. His first is a bullish ration spread in WYNN, and the second is in AFRM where he places a strangle in a high IVR stock that's post-earnings.
Tony is trade hunting in the chip sector this Thursday. His first idea is a strangle in AMD, and his second is an iron condor in NVDA. Tune in for his rational on these trades in this sector.
Tony has an omni-directional, slightly bullish ratio spread in ROKU today. Tune in to hear why he likes this trade in today's episode.
Tony went trade hunting this morning and couldn't find anything is SPRT so settled with a strangle in JD. Tune in for the setup and explanation as to why.
Tony has 2 trade ideas to start the week off with. His first is a post-earnings ratio spread in Zoom, while his second is a post-earnings strangle in AliBaba. Listen for his setups and reasoning on these two ideas.
Tony has an earnings trade in Peloton today! Even with a low IV rank, he's looking at a strangle idea. Listen as he explains his setup and why he's ok with placing this trade despite the low IV rank.
Tony has TWO, high IVR, delta neutral strangle trades today. His first one is NUE the highest IVR on the board, and his second is a post earnings trade in PDD. Tune in for the setups.
Tony has TWO Oil related trades. His first oil trade is a strangle in the Light Sweet Crude Oil Futures, and his second is a ratio spread in XOP, the oil & gas ETF. Tune in for his setups.
Tony has a post earnings trade in RBLX this morning. Looking into October monthly expiration he places a delta neutral strangle due to high IVR in this stock.
Since they were talking about Iron Condor's on tastytrade.com today, Tony is going with a classic 1/3 the width of the strikes in today's trade idea in AMD. Tune in for the setup.
Tony has a post earnings "batman" ratio spread trade in AMC, and a crude oil strangle in /CL. Tune in to understand why he likes these trades and how to set them up.
Tony has a post earnings trade idea in ROKU this morning. Tune in to get the strikes for his Iron Condor with $30 wide wings.
Since volatility isn't contracting post earnings, Tony looks to place a trade in BABA this morning. Tune in to get his Strangle setup with 45 DTE in this stock.
Tony is has an Amazon earnings trade today. Tune is as he explains his broken wing butterfly trade with 1 DTE.
Tony has a trade today in BABA for you listeners. He has an omni-directional ratio spread on the put side. Tune in for the setup for this trade idea in an underlying that has earnings next week.
Tony has 2 trade ideas today. The first trade is an earnings trade in Twitter, a strangle with 1 DTE. His second trade is a pairs futures trade in the Russell & Nasdaq e-minis. Tune in for his setups and reasoning behind these two trade ideas
Tony has THREE trade ideas today, 2 of which are futures option trades. Tune in as he looks at a strangle in /ZB, a strangle in XLE, and a strangle in crude oil.
Tony is setting up another trade to take off right before earnings, this time in Target. He's looking at a $20 wide Iron Condor which is more of a synthetic strangle since it's slightly short delta. His 2nd trade idea is in IWM where he's looking at another Iron Condor but slightly modified. Tune in for his trade setups & reasoning.
Tony has one trade idea today in BABA. He's looking to avoid their earnings announcement with his idea. Tune in as he explains his reasoning and setup with his ratio spread.
Tony has 2 trades today in Virgin Galactic & DiDi Global. His first is a ratio spread in SPCE, and his second is a simple Covered Call in DiDi. Tune in for his setups and reasoning for these trades.
Tony has a simple Call Vertical Spread trade today in RIDE. His trade is in the August expiration before earnings. Why does he like this trade? Tune in to find out.
Before going into the holiday weekend, Tony is looking at a defined risk trade in Coinbase. Tune in for his Iron Condor setup in COIN.
Tony has a new trade today for beginners today. With a new underlying he's looking to stay small with a simple Put Vertical Spread. Tune in as he explains why this new underlying is worth his low BPR risk.
Tony is bringing us a trade idea in CLOV today! It's a 3 legged trade, in 2 separate orders, so tune in for this complex ratio spread trade idea in this meme stock.
Tony has not one but TWO trade ideas today. His first idea comes in RIDE. He's taking a bullish directional stance with his stock substitution trade (or ZEBRA trade). In his second trade Tony places a broken wing butterfly in NVDA. Tune into today's podcast for both setups and why he likes these directional trades.
Tony has TWO trades today! Tony's first trade is another ratio spread in AMC with 1 DTE. His second trade is a strangle in DraftKings. Tune in for the strikes for all these trades & why he likes these trade ideas.
Tony has a ratio spread idea in AMC! He's looking at the weekly expiration with 3 DTE due to the high IV. Tune in for the setup.
Tony is back with not ONE, not TWO, but THREE trade ideas!
- CLF - Call Ratio Spread
- COIN - Delta Neutral Strangle
- CHWY - Ratio Skewed Butterfly for Earnings
Tune in for all 3 setups in today's podcast
GAMESTOP!! Tony has an earnings trade idea in GME today. He is looking to place a broken wing butterfly in this meme stock, but tune in to hear his explanation of why he's selecting the strikes he does.
Tony is going back to the well with Square. He's putting on an omni directional, but slightly long delta ration spread. Tune in for the setup, and why he likes this trade.
Tony is back after the holiday weekend with 2 new trade ideas. His first trade is in Beyond Meat, with a delta neutral strangle. His second is a batman spread in GLD. Tune in as he explains his strategy with these trades and his setups.
Tony is looking at Square today before Memorial Day Weekend. His July Expiration, Iron Condor reduces his buying power versus what a strangle would reduce it by. Tune in as he explains
Join Tony today as he has 2 trade ideas, in RBLX & RIDE. In RBLX he has a strangle that doesn't use that much buying power, and in RIDE he explains his stock substitution trade idea.
Tony has 2 strangles today! His first one is in Virgin Galactic - SPCE - and in S&P Oil & Gas - XOP. Tune in for his setups in these underlyings.
Tony looks today at a $10 wide Iron Condor trade in Home Depot, and a unique "Batman" trade in Western Digital. Tune in for these setups and why he likes these trades.
Tony has an interesting Iron Condor in Facebook. The IV Index (5 day change) has him interested in this trade. Tune in to hear how wide the wings are on this Iron Condor and what he's looking to collect from this trade.
Tony has TWO new trade ideas today in Square & Amazon! In SQ he's looking at a post earnings ratio spread, and in AMZN he's got a delta neutral iron condor. Tune in for his setups for these 2 trade ideas.
May the 4th be with you! Tony has 2 trade ideas today, the first is in CHWY, and the second is in TWTR. In CHWY, Tony has a bullish trade idea, and in TWTR he has a defined risk bullish trade. Tune in for the setups.
Tony has an earnings trade today in Amazon! He goes with a defined risk - Broken Wing Butterfly with 1 DTE. Tune in for the complete setup, and why he picks the strikes that he does.
Tony is back with a Post Earnings TSLA trade. Tune in as he explains why he's doing a $20 wide iron condor in this underlying.
On this Earth Day, Tony has 2 Earning Trades in the same underlying... SNAP! His first trade is a Jade Lizard in May, and his second in an Iron Condor in June. Why 2 different trades in 2 different months? Tune in to find out.
Tony has 2 trade ideas for this 4/20! A Broken Wing Butterfly in the ETF, XBI & a $20 wide Iron Condor in QQQ. Tune in for the setups and why he likes these trades. The QQQ trade was based on the Market Measure study on tastytrade.com
In today's podcast Tony, is teaching us about "stock substitution." Looking at XL he puts on a low risk trade that equates to owning 100 shares of stock. Tune in to learn more.
On this Tuesday, Tony looks at chip maker NVDA for a Call Broken Wing Butterfly. Is he bearish or bullish on this trade idea, tune in to find out.
For more information on Broken Wing Butterfly's check out tastytrade.com or this episode of Where Do I Start from 2018.
Tony is back with an Advanced option trade in the Natural Gas Futures. Tune in as he explains his Strangle position in /NG, and when he plans to manage it over the coming days. If you are curious about SPAN Margining check out the tastytrade.com archives for a bunch of episodes on this and futures trading.
Tony Battista co-host of tastytrade LIVE on tastytrade.com is now bringing you 2 trade ideas, every Tuesday & Thursday!
Tony is back with TWO delta neutral trade ideas in BABA! One trade is an undefined risk, while the other is defined risk. Tune in to see if these trades are right for you. If you want to learn more about delta neutrality check out this segment on Finding Delta Neutrality.
There's no April Fool's here with Tony's 2 trades today! He finds two strangles in PDD & TLT. If you want more information on Buying Power Reduction check out tastytrade.com and search our archives for tons of content on this topic.
Fresh off a week of vacation, Tony is back with THREE, that's right 3 trades today! The first of his trades is a standard $10 wide, delta neutral Iron Condor in COST. His second trade takes advantage of earnings in CHWY today with a ratio spread, and lastly he puts on a pairs trade in the Smalls STIX & SM75 products.
To learn more about these Smalls products watch Small Stakes on tastytrade.com
Tony is looking at the electric car space today for his 2 trade ideas. His first trade is in TSLA as he looks to put on a "put broken wing butterfly" & in his second trade he looks to sell a short naked put in RIDE.
Tony is looking at a Double Ratio spread in AMC & an Iron Condor in BIDU this Tuesday. Tune in as he talks about Implied Volatility and market entry pricing.
Be sure to tune in Thursday at 3pm to catch his tradeTALK on tastytrade.com
Tony's back with an interesting trade idea in RIOT with 8 days to expiration. Tune in to hear about his Broken Wing Butterfly trade. If you want to learn more about the Broken Wing Butterfly check out tastytrade.com for more
Only one trade today from Tony in Spotify! With IV rank high in SPOT and no earnings on the horizon, he looks to place a defined risk Iron Condor on even with the wide markets in this stock.
Tune in as he talks more about the bid/ask spread and how to let it come to you. Check out a recent research episode that talks about the Bid/Ask spread on tastytrade.com
Tony is back with 2 fringe trade ideas today in FUBO & SPCE. Tune in as he explains that these 2 stocks have decent volume and why he's keeping his trades small.
For more information on why Volume is important when trading: https://www.tastytrade.com/shows/mike-and-his-whiteboard/episodes/liquidity-volume-open-interest-10-06-2015
Tony is looking at renewable energy today with trades in PLUG & NIO. Tune in for his bullish setup in PLUG and his post earnings strangle in NIO.
Tony looks at 2 Iron Condor trades in the April Monthly Expirations. Tune in for his setups in NVDA "post earnings" and in TWTR.