# @tastyliveshow on YouTube

- **Type:** Video
- **Original URL:** https://youtube.com/watch?v=-bd9aqScbbo
- **Gondola URL:** https://gondola.cc/posts/67717977-tastyliveshow-youtube
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/c277a87d19.jpg
- **Posted:** 2026-07-13T02:00:14.000+00:00
- **Account Owner:** tastylive (@tastyliveshow) — https://gondola.cc/tastyliveshow

## Caption

Options trading research: what happens when you double down after a loss to try to claw it back? Julia Spina tested it with 16 delta SPY strangles at 45 DTE over five years of daily entries. The fixed 5% and 10% allocations both grew the account. Doubling down after a loss completely wiped it out. The killer stat: when you double your size after a loss, you have a 90% chance of doubling that loss because of volatility clustering. Losses bunch together just like volatility. The deeper the revenge, the worse it gets. Mike Butler adds that doubling your size synthetically creates the loss equivalent of a black swan event from a much smaller market move.

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Chapters
00:00 Revenge trading: when emotions drive your sizing
00:56 The setup: 16 delta SPY strangles, 45 DTE, five years
02:08 Fixed 5% or 10% vs doubling down after a loss
02:40 VIX goes up, buying power goes down, and you size up
03:51 Probability of profit stays the same, losses get massive
04:19 Volatility clustering: one big move begets more
05:45 Correct size means absorbing all variance to the downside
07:18 Fixed 10% vs 5% vs doubling down: the equity curves
07:44 Doubling down completely wipes out the account
08:07 90% chance of doubling your loss when you double your size
09:05 The deeper the revenge, the worse it gets
10:30 Size for your edge, not your emotions
11:03 Be mindful when vol is low too

#tastylive #research #revengetrading #positionsizing #riskmanagement #volatilityclustering #optionstrading #premiumselling #tailrisk #tastytrade

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:** 1,045
- **Likes:** 31
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## Tags

positionsizing, tastylive, optionstrading, premiumselling, tailrisk, riskmanagement, research, revengetrading, tastytrade, volatilityclustering

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