# @tastyliveshow on YouTube - **Type:** Video - **Original URL:** https://youtube.com/watch?v=rF0baGqUk30 - **Gondola URL:** https://gondola.cc/posts/68348257-tastyliveshow-youtube - **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/e06f0f11ab.jpg - **Posted:** 2026-07-28T04:00:25.000+00:00 - **Account Owner:** tastylive (@tastyliveshow) — https://gondola.cc/tastyliveshow ## Caption There will be days when you have no real bias on a stock, and Jim Schultz says you do not have to pick one. You can trade neutral, selling premium on both sides of the market and leaning on time and volatility instead of direction. The two cleanest ways are a short strangle and an iron condor. He breaks down the trade-off: the short strangle gives full exposure to time decay and room to adjust, but undefined risk on both sides. The iron condor caps that risk with long wings, so less credit and lower theta but a known worst case. His rule of thumb: beginners and small accounts start with iron condors. This is education, not a recommendation. 📊 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 00:00 You don't have to pick a direction 00:47 What neutral premium selling means 01:35 The short strangle, his number two 02:40 Undefined risk, no safety net 02:59 The iron condor, defined risk 05:00 Finding high IV rank names 06:36 Building a GDXJ strangle 08:53 Adding wings for a condor 10:21 How to choose between them #tastylive #optionstrading #shortstrangle #ironcondor #neutralstrategy #sellingpremium #optionseducation #tastytrade #jimschultz #impliedvolatility 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:** 2,026 - **Likes:** 155 - **Shares:** 0 - **Comments:** 25 ## Tags tastylive, optionstrading, impliedvolatility, sellingpremium, ironcondor, shortstrangle, neutralstrategy, jimschultz, tastytrade, optionseducation --- Copyright (c) Gondola