# @tastyliveshow on YouTube - **Type:** Video - **Original URL:** https://youtube.com/watch?v=Poh3U59nEkk - **Gondola URL:** https://gondola.cc/posts/65275758-tastyliveshow-youtube - **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/2add24a8c6.jpg - **Posted:** 2026-05-12T10:30:06.000+00:00 - **Account Owner:** tastylive (@tastyliveshow) — https://gondola.cc/tastyliveshow ## Caption 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: 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 Can You Buy Premium and Have Positive Theta? 00:33 The Tasty Ecosystem Is Built on Selling. But There's a Wrinkle. 01:04 Why Buying a Naked Call or Put Is Always Negative Theta 01:13 At the Money Vertical Spreads: The Better Directional Tool 02:13 Apple Example: Call Spread vs Put Spread Theta Compared 03:44 Why Flipping to the Put Side Creates Positive Theta 04:12 The Mechanism: Buying Low Vol, Selling High Vol via Skew 05:03 Procter and Gamble: Same Relationship Confirmed 06:25 IWM Third Example: Consistent Across Products 07:35 When Does This Break Down? Markets Don't Follow Theory Perfectly 08:36 Final Takeaway: Small Positive Theta Is Still Positive #calculatedrisk #optionstrading #howtotradeoptions #impliedvolatility #volatilityskew #optionsgreeks #optionsforbeginners #thetaoptions #debitspread #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:** 822 - **Likes:** 50 - **Shares:** 0 - **Comments:** 1 ## Tags thetaoptions, tastylive, optionstrading, impliedvolatility, debitspread, howtotradeoptions, volatilityskew, optionsgreeks, calculatedrisk, optionsforbeginners --- Copyright (c) Gondola