Jim Schultz is a premium seller. But there are three specific scenarios where he flips to the long side and buys premium instead. Most traders never learn when those moments are. Scenario one: VIX at 11 to 14. You are not getting paid to sell. Options are cheap and volatility tends to mean revert back toward its long-run average. Scenario two: earnings. Binary events with massive moves can justify buying verticals, butterflies, or diagonals rather than selling into them. Scenario three: strategic diversification. When your whole book is short premium, adding a few long positions smooths out your directional exposure. Just do not expect them to carry the portfolio. That is still the job of short premium. 📊 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 0:00 Why we sell premium and what...