https://ontt.tv/2Yzjwd7

Wow! Tom says past research shows that volatility generally still decreases despite earnings is close to expiration! Mind blown! I will dig up past videos and look into this.

Also don’t understand the part where Tom says when VIX is high, it’s not so much of a concern. Does he mean when VIX is high, there is so more underlyings to choose from and we can trade those which expiration is not close to earnings.

I started to deploy strategies other than iron condors, strangles, and credit spreads. I deployed my first jade lizards and debit spreads. TastyTrade teaches to diversify through (1) selecting underlyings that are uncorrelated and (2) using plethora of options strategies. I sort of experienced the effect of this diversification as gold rallied along S&P500, most of my iron condors were ITM but my jade lizards helped to save some grace. As the underlying move up, jade lizards don’t really make money but at least I don’t lose my pants off.

I was forced to deploy debit spreads due to the low IV environment recently and the need for me to add more deltas to my portfolio. I am also looking at calendars which may be the next strategy that I may deploy if this low IV environment persists.

Thanks for joining me!

Good company in a journey makes the way seem shorter. — Izaak Walton