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Selling puts has been one of the most rewarding strategies of this bull market, which is exactly why this Tasty Research segment asks what happens to them when the market drops fast. Sahil and his co-host compare naked short puts against defined risk put spreads across every selloff since 2021, and the pattern is consistent: the naked side gives back far more in each crash, because the tail risk it carries has no floor. ๐Ÿ“Š tastylive: tastylive.com ๐Ÿ“ฐ Get Tom's pre-market analysis every morning: tastylive.com/newsletters ๐Ÿ“˜ FREE Options Strategy Guide: tinyurl.com/bp9ms763 ๐Ÿ“ฑ Follow tastylive on X: x.com/tastyliveshow Chapters 00:00 What happens when it crashes fast 01:15 The study setup 02:53 Cumulative P&L since 2021 04:08 Naked gives back twice as much 04:55 The three reasons losses cluster 05:37 The Vega spike 05:52 Spreads widen when you exit 07:09 Comparing loss by loss 07:34 Why a long selloff hurts most 09:48 Capital allocation and the ...
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