# @tastyliveshow on YouTube - **Type:** Video - **Original URL:** https://youtube.com/watch?v=saFY8btmLZ0 - **Gondola URL:** https://gondola.cc/posts/65275782-tastyliveshow-youtube - **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/f69028c617.jpg - **Posted:** 2026-05-10T02:00:06.000+00:00 - **Account Owner:** tastylive (@tastyliveshow) — https://gondola.cc/tastyliveshow ## Caption 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: 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 Question: Why Not Just Sell the 95% Pop? 01:15 Study Setup: 25, 20, 16, and 5 Delta Strangles vs 11 Years of Data 02:13 Average P&L as a Percentage of Credit Received 02:44 Higher Percentage Does Not Mean Better Total Profit 03:28 Tail Risk Before and After Outlier Moves: 2020, 2025, April 2026 04:00 Return on Buying Power: 25 Delta Wins at 1.16% 05:37 Wider Strangles Use Capital More Efficiently 06:55 The Worst Single Loss: 5 Delta = 44x Credit, 25 Delta = 13x 07:40 This Is One Position With No Rolling or Management 08:24 Why 5 Contracts of 5 Delta Is Not the Same as 1 of 25 Delta 09:25 The Spiral: More Contracts, Less Capital for Opportunities 11:17 Key Takeaway: Size by Credit and Tail Risk, Not Pop #marketmeasures #optionstrading #strangleoptionstrategy #financialeducation #optionsforbeginners #shortstrangle #howtotradeoptions #tailrisk #optionsstrategy #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:** 2,998 - **Likes:** 97 - **Shares:** 0 - **Comments:** 6 ## Tags tastylive, optionstrading, tailrisk, strangleoptionstrategy, marketmeasures, howtotradeoptions, shortstrangle, optionsstrategy, optionsforbeginners, financialeducation --- Copyright (c) Gondola