The tastytrade network
Summary: 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 showing America a new way to quickly find low risk, high return strategies in bullish, bearish and sideways markets.
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Podcasts:
Mike flies solo today to talk about a few positions in his portfolio. He explains his recent adjustment in his SPY poor man's covered call, and converts a deep ITM short put in XOP to a strangle to increase his theta decay. He also talks about going un-inverted after inverting a strangle, and how the trades are exactly the same.
Our default setting in the market, at least the equity market, is to [see volatility skewed](https://www.tastytrade.com/tt/shows/from-theory-to-practice/episodes/showcasing-the-skew-07-05-2017) to the downside. In other words, we expect out-of-the-money puts to have higher volatilities (and thus, sell for higher prices) than equidistant out-of-the-money calls. However, in today’s segment, we are reminded that this isn’t necessarily always the case. James, from the research desk, joins the set and brings with him some really nice visuals to help us recognize when we might be witnessing a market that is “upside-down”.
Our default setting in the market, at least the equity market, is to [see volatility skewed](https://www.tastytrade.com/tt/shows/from-theory-to-practice/episodes/showcasing-the-skew-07-05-2017) to the downside. In other words, we expect out-of-the-money puts to have higher volatilities (and thus, sell for higher prices) than equidistant out-of-the-money calls. However, in today’s segment, we are reminded that this isn’t necessarily always the case. James, from the research desk, joins the set and brings with him some really nice visuals to help us recognize when we might be witnessing a market that is “upside-down”.
###We're discussing our approach towards how we size trades on today's show.### Many times we get asked what the correct amount of BPR to use per trade is... Should it be 2%, 5%, more? While this is one way to approach position sizing, there are many other factors to consider. Risk and BPR are different depending on the structure of the trade. During this show Beef and I explain why we don't limit ourselves to a set BPR value on every trade, but we are very conscious of the point at which the position size is way too big. We also explain why return on capital matters when thinking about trade size and how we can structure spreads to size our trades efficiently. ###Follow us on Twitter!### [Ryan](https://twitter.com/tastytradeRyan) [Beef](https://twitter.com/mikehart79)
The Ryan & Beef Show - July 11, 2017
Liz and Jenny rolled their BABA position out in time to a weekly that is before earnings. They closed a residual option in FB that was left from a calendar, addressed PBR and SNAP, and added a new short option in SPY.
Blue Apron (APRN) has just gotten options to trade, so Liz and Jenny take a look at placing a jade lizard in the the regular August options. This product is great for the IRA segment because of its low price.
Blue Apron (APRN) has just gotten options to trade, so Liz and Jenny take a look at placing a jade lizard in the the regular August options. This product is great for the IRA segment because of its low price.
Tweeting Live with LIZ & JNY - July 11, 2017
The LIZ & JNY Show - July 11, 2017
SuperBetter is a proven Live GamefullyTM methodology, that was created by Ph.D, Jane McGonigal. Their digital engagement platform improves people's resiliency and mental health. It equips people, organizations and communities with powerful social and life skills, enabling the users to tackle issues that are the most challenging in life. Keith Wakeman is the CEO who has helped bring SuperBetter to the forefront. [Learn more about SuperBetter](https://www.superbetter.com/)
SuperBetter is a proven Live GamefullyTM methodology, that was created by Ph.D, Jane McGonigal. Their digital engagement platform improves people's resiliency and mental health. It equips people, organizations and communities with powerful social and life skills, enabling the users to tackle issues that are the most challenging in life. Keith Wakeman is the CEO who has helped bring SuperBetter to the forefront. [Learn more about SuperBetter](https://www.superbetter.com/)
Talkin' With Tom and Tony - July 11, 2017
Good Trade Bad Trade - July 11, 2017
We can consider trading [earnings](https://www.tastytrade.com/tt/learn/earnings) on both growth stocks and value stocks, but there may be a difference in the outcome. tastytrade's Research Team ran a study to see if this should alter our approach to these binary events. ### Study * Sold 16 [delta](https://www.tastytrade.com/tt/learn/delta) Strangles * 2010-Present * Approximately 3 DTE, only earnings trades * Compared value and growth companies ### Results * Value and Growth companies both had high win ratios and similar average P/L’s overall. * Growth companies did have a much larger max loss and they breached toward the call side more often. * Due to the high [volatility](https://www.tastytrade.com/tt/learn/implied-volatility) of earnings and potential for large losses, we strongly recommend defining your risk, especially in growth stocks.
