# @tastyliveshow on YouTube - **Type:** Video - **Original URL:** https://youtube.com/watch?v=6hLczrVwsLY - **Gondola URL:** https://gondola.cc/posts/68348277-tastyliveshow-youtube - **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/3e0a316f80.jpg - **Posted:** 2026-07-26T14:00:21.000+00:00 - **Account Owner:** tastylive (@tastyliveshow) — https://gondola.cc/tastyliveshow ## Caption 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: 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 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 with a vertical spread 03:50 Playing direction long or short 04:49 Learning to trade probabilities 05:56 Getting real market experience 07:07 Long vertical spread on the platform 09:27 Risk one to make one setup 10:19 Short vertical spread explained 12:30 Whatever you pick keep it defined #tastylive #optionstrading #verticalspread #optionsforbeginners #definedrisk #optionsstrategy #tastytrade #learnoptions #stockmarket #tradingeducation 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:** 3,502 - **Likes:** 168 - **Shares:** 0 - **Comments:** 18 ## Tags tastylive, optionstrading, learnoptions, verticalspread, stockmarket, definedrisk, optionsstrategy, tastytrade, optionsforbeginners, tradingeducation --- Copyright (c) Gondola