Options trading with a directional bias usually means fighting against time decay. How to trade options with a put spread in a skewed market is different: because implied volatility is higher on the downside of most stocks and indexes, you can actually buy a put spread and generate small positive theta. Dr. Jim Schultz walks through three live examples on Apple, Procter and Gamble, and IWM showing exactly why buying a call spread creates negative theta while flipping to the put side with the same strikes flips the theta positive. The mechanism is volatility skew: you end up buying low volatility and selling high volatility, and that pricing wrinkle works in your favor even when you are buying premium. Helpful links: tastylive: tastylive.com FREE tasytlive Newsletters: info.tastylive.com/newsletters FREE Options Strategy Guide: tinyurl.com/bp9ms763 Follow tastylive on X (Twitter): x.com/tastyliveshow CHAPTERS: 00:00 Can You Buy Premium and Have P...