Mike Butler started a year-long MES strangle in January. Six months in: 679 points collected. Eight rolls. Zero debits paid. SPX equivalent of $68,000 collected marking $30,000 in profit on $2,800 of buying power. Breakevens stretched from 7,200 downside to 8,500 upside. Buy and hold is static long delta with no ability to manipulate risk. This trade collects premium on both sides and outperforms every time the market chops or pulls back. The rule: always collect credits never pay debits never take on upside risk. 📊 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 Active vs passive: the age-old question 0:30 Year-long MES strangle setup from January 1:46 Six months in: 679 points collected zero debits 2:34 Never take on intrinsic value: the key rule 4:26 This became a core portfoli...