Options trading education: Mike Butler walks through how he thinks about leverage on every trade. When selling premium, always check the buying power requirement and target at least 20% return on capital. SpaceX at 80% IV with a $1,000 credit on $5,600 BPR checks that box. Nike at 35% is borderline. TLT at 10% fails completely. If you cannot sell premium efficiently, flip to buying: use a ZEBRA on TLT for synthetic stock exposure with a fraction of the risk, or a Super Bowl on SpaceX where a short put finances a far out of the money call and you collect a credit in the middle. Buying zero-day calls far out of the money is almost always a losing game because the market needs to move outside the expected move and you need capital to survive the variance. 📊 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/tastyliv...