tastylive: Tweeting Live with LIZ & JNY

In today's From Theory to Practice, Dr. Jim analyzed his ongoing positions including MES and MNQ strangles placed during last week's volatility spike. While maintaining the still-profitable MES strangle, he closed the MNQ position for approximately 50% profit after just three trading days. His defined-risk positions in Apple (AAPL) and Amazon (AMZN) call spreads were discussed, with emphasis on position sizing consistency across trades. The host stressed the importance of maintaining similar notional exposure between positions to achieve consistent portfolio returns. The segment highlighted the value of patience with out-of-the-money positions rather than aggressive delta adjustments, recommending traders focus on overall portfolio profitability rather than individual trade win rates.

In today’s From Theory to Practice, Dr. Jim starts with his AMD earnings trade. While it didn’t look promising on the initial move overnight, the stock has now rallied back so much that the earnings trades are profitable! Then, he looks to close /MES for a nice winner, and also scratch his PANW trade. Lastly, Dr. Jim looks to add a QCOM earnings trade for tonight after the bell.

In today's From Theory to Practice, despite recent losses in directional earnings trades, Dr. Jim remains confident in his AMD bullish thesis. He also addresses viewer questions about managing existing positions, including a Starbucks long-term holding where he discusses his strategy of selling premium only during rallies rather than when the stock is down significantly.

On today’s From Theory to Practice, Dr. Jim examines his PANW Straddle that is now inside of 21 DTE. Given that the stock has earnings coming up in a couple weeks, he decides to carry the position a few extra days - in the hopes that it can be closed around a scratch before the earnings release. Then, Dr. Jim looks to add a LEAP to his SBUX position and possibly trade UBER earnings in the morning.

In today's From Theory to Practice, Dr. Jim's directional earnings trades in Apple and Amazon faced significant losses. While his Apple butterfly marked at 13 cents and vertical spread at $3.75, Amazon positions saw deeper trouble. Dr. Jim maintained vertical spreads in both, citing 49 days remaining as potential recovery time. GDX was closed for a small loss, as the YouTube audience repeatedly noted success with fading Dr. Jim's directional biases - a strategy that has been anecdotally shown to allow traders to retire 6-12 months early, on average.

In this episode of From Theory to Practice, Jim Schultz navigates the current market landscape, discussing significant movements in major indices and commodities. As earnings season heats up, he highlights upcoming reports from major companies and offers insights into strategic positioning. Jim also reviews recent trades and addresses viewer questions. Don't miss this chance to get prepared for a busy trading week!

This episode of From Theory to Practice explains how traders can exploit the phenomenon of rising implied volatility before earnings reports and its subsequent decline post-announcement. We explore strategies for selling premium, including short vertical spreads and iron condors, to maximize opportunities in the market. Learn how to manage risk effectively while navigating this crucial trading period.

In today's From Theory to Practice, Dr. Jim analyzed recent earnings reactions in Tesla and IBM, noting unusual price action where both stocks initially gapped in one direction but quickly reversed. Then, he added a downside Put Butterfly to play the surprise CPI release tomorrow morning.

In this episode of From Theory to Practice, Jim Schultz discusses recent earnings trades, particularly focusing on Netflix (NFLX) and upcoming earnings for Tesla (TSLA) and IBM (IBM). He highlights a successful long put spread on Netflix that yielded a profit, emphasizing the effectiveness of at-the-money vertical spreads for earnings plays. Schultz also shares his bullish outlook on Tesla, planning to use an expected move butterfly strategy. For IBM, he opts for an out-of-the-money put spread for a downside bet. The market remains volatile, impacting various assets, including gold and silver.