# @tastyliveshow on YouTube - **Type:** Video - **Original URL:** https://youtube.com/watch?v=oWfBJJxE1MI - **Gondola URL:** https://gondola.cc/posts/66127297-tastyliveshow-youtube - **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/9b423e669e.jpg - **Posted:** 2026-06-02T03:00:06.000+00:00 - **Account Owner:** tastylive (@tastyliveshow) — https://gondola.cc/tastyliveshow ## Caption Most traders are told to let winners run and cut losers quickly. If you sell premium, that advice will cost you money. Jim Schultz breaks down why the rules are completely different for premium sellers and what you should be doing instead. When a winning short premium trade builds up profit, your risk is actually increasing because you are now protecting those gains on top of your original position. That is why taking profits at 50% of max is so powerful. With losing trades, cutting them early when a stock is still out of the money means you are buying back at a worse price on both delta and volatility at the same time. Giving the trade time to work is not reckless. It is the edge. The key to all of it is starting small. Size at three to seven percent per undefined risk position and you keep the flexibility to manage any situation with a clear head. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 0:00 The rule premium sellers break on purpose 0:45 Why winners need to come off at 50% 2:00 How risk changes as profit builds 3:15 Why cutting losers early backfires 4:30 Delta and volatility double hit explained 5:45 Giving losers duration and time to work 7:00 Position sizing and staying objective 8:15 The takeaway for managing every trade #PremiumSelling #OptionsTrading #JimSchultz #tastylive #TradeManagement #ShortPut #OptionsStrategy #ThetaDecay 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:** 4,467 - **Likes:** 305 - **Shares:** 0 - **Comments:** 11 ## Tags tastylive, optionstrading, premiumselling, trademanagement, optionsstrategy, jimschultz, thetadecay, shortput --- Copyright (c) Gondola