Is a selloff actually a better time to sell premium? Julia Spina tests it the mechanical way, opening 16 delta strangles at 45 days and managing at 21, across the full 2013 to 2026 history and then just the post COVID regime, grouped by whether the entry day was down 1, 2 or 3 percent. The headline finding is a reversal: selling deeper into a drop looks worse over the full sample but better since COVID. 📊 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 Today's research question 00:52 How the study is built 01:53 The average P&L reversal 03:30 Why COVID skewed everything 04:24 The buy the dip generation 06:57 Win rates barely move 08:03 Premium per unit of buying power 09:10 Where the tail risk lives 11:08 The takeaways 12:11 A big move follows a big move #tastylive #marketmeasure...