In today's From Theory to Practice, Dr. Jim starts with his NVIDIA (NVDA) position, where the stock initially plummeted post-earnings despite beats, but recovered most losses by market open. CrowdStrike (CRWD) emerged as a standout performer, generating approximately $8 profit on the Dr Jim's butterfly spread position.

He then closed his Williams-Sonoma (WSM) put spread for a $0.70 profit while maintaining his NVIDIA call spread position. Dr. Jim then also addressed the Chipotle (CMG) trade, where assignment finally occurred at the $50 strike price after weeks of holding a deep in-the-money put.

Lastly, with VIX at extremely low levels, Dr. Jim discussed strategy adjustments for the current low-volatility environment, suggesting long vertical spreads and diagonal spreads as more appropriate tactics.