# @tastyliveshow on YouTube - **Type:** Video - **Original URL:** https://youtube.com/watch?v=Ycd0O9a5T80 - **Gondola URL:** https://gondola.cc/posts/64976732-tastyliveshow-youtube - **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/3f068902cf.jpg - **Posted:** 2026-05-01T20:35:06.000+00:00 - **Account Owner:** tastylive (@tastyliveshow) — https://gondola.cc/tastyliveshow ## Caption Options trading live when SPX blows through your short call in 24 hours. The jade lizard was placed with the short call at the expected move by the next morning the market had already exceeded it. Instead of panicking, Liz and Jenny show exactly why extrinsic value on the long call keeps the trade profitable even through the breach.They close for a profit and immediately reopen a fresh five-day jade lizard at adjusted strikes, walking through every decision in real time. Why one side of risk beats both sides, how to set a GTC order properly, and what to do when the 25% target never gets hit. All of it live. Helpful links: tastylive: https://www.tastylive.com/ FREE tasytlive Newsletters: https://info.tastylive.com/newsletters FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 Follow tastylive on X (Twitter): https://x.com/tastyliveshow CHAPTERS: 00:00 The Trade: Short Call Blown Through in 24 Hours 00:21 Trade Structure: $20 Wide Put, $5 Wide Call, $4.85 Credit 00:43 Why the P&L Shows a $90 Winner Even Through the Call Spread 01:18 Why Extrinsic Value on the Long Call Saves the Trade 01:26 Decision: Close It and Reopen at Adjusted Strikes 02:08 Reopening the Five-Day Jade Lizard - New Strikes Live 03:50 Fill Mechanics and GTC Order Setup 05:33 Why Risk to One Side Beats Both Sides in a Ripping Market 07:36 Jade Lizard vs Iron Condor - Why We Call It What We Call It #marketmovers #optionstrading #jadelizard #spxoptions #livetrading #0dteoptionsstrategy #shortpremium #definedrisk #howtotradeoptions #tastylive tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we’ll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. (“tastylive”) and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims (including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer. ## Stats - **Views:** 2,103 - **Likes:** 68 - **Shares:** 0 - **Comments:** 6 ## Tags tastylive, optionstrading, marketmovers, livetrading, shortpremium, jadelizard, definedrisk, 0dteoptionsstrategy, howtotradeoptions, spxoptions --- Copyright (c) Gondola