Options trading with a 5-delta strangle sounds safe because the win rate is 95%. Financial education through this Market Measures study shows exactly why that math falls apart when you size up to collect meaningful premium. The worst single loss on a 5-delta strangle was 44 times the credit received. For the 25-delta strangle it was 13 times. And when you scale up contracts on the 5-delta to match the credit of the 25-delta, you multiply the tail risk by 5 contracts, creating a spiral that can take years to recover from. The data covers 2015 to 2026 across COVID, the 2025 crash, and the April 2026 war move. The takeaway is clear: size based on credit and tail risk per unit, not on probability of profit. 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 The Question: Why Not Just S...