Jim Schultz opens your first real options strategy in episode 14 of Where Do I Start. His rule for every beginner is simple. Keep every trade defined risk so you always know your worst case while you learn. From there he walks through the vertical spread, the strategy he suggests new traders start with. Jim builds a long vertical spread near risk one to make one for a roughly fifty fifty shot, then flips to a short put spread for a higher probability of profit. One defined risk trade gives you direction, probability, and real market reps. This is education, not a recommendation. 📊 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 00:00 Your first strategy starts here 00:32 Rule one is defined risk 01:24 Why defined risk protects you 02:12 You are going to make mistakes 03:24 Why start wi...