Mike Butler walks through cost basis reduction, the idea that you raise your probability of success by lowering your breakeven with options premium. It starts simple: a covered call drops the basis on your shares, and rolling it over time keeps pushing that basis lower. Collect enough premium in a high volatility name and the breakevens widen a lot. Then he takes it further, financing a long call spread by selling a put spread. That one move flips a low probability directional bet into a high probability trade, lifting the odds of profit from around 20 percent to around 70 percent. He also covers short puts, put ratio spreads and the SPX Super Bowl trades. 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 What cost basis reduction really m...