Three questions that every options trader asks eventually, answered live on air. First: if you have enough capital to trade everything as undefined risk, why would you ever choose defined risk? The answer has nothing to do with probabilities. Second: how do you find uncorrelated underlyings when IVR is completely concentrated in semis and software? Third: is options trading a zero sum game? Tony and Nick go through all three with real examples including a live discussion on when IPO options become actually tradable. Helpful links: tastylive: tastylive.com Get Tom's pre-market analysis every morning: tastylive.com/newsletters FREE Options Strategy Guide: tinyurl.com/bp9ms763 Follow tastylive on X: x.com/tastyliveshow CHAPTERS: 00:00 If You Can Trade Everything Undefined, Why Use Defined Risk? 00:37 Tail Risk and Strategy Diversification: The Real Answer 01:07 Target 65% Probability of Success on Entry 01:47 IVR Clusters in Sectors: How to Find Uncorr...