Most Traders Overthink the Greeks. Jermal and Liz Just Watch the P&L and Close.

Four honest questions. Two experienced traders. No fluff. Do you look at skew before putting on a trade? Call skew is everywhere in AI and tech names right now and Liz says you need to know how expensive things are before defining your risk. Do you look at Greeks when closing a winner? Neither of them do. If the profit is there they are out. Does a trade going against you in the first hour change how you manage it? Tom says most trades go against him immediately. It is the running joke. Liz says she actually prefers it that way. A 30 delta put has a 60 percent probability of touching during the cycle. Better early than late. And do they still use charts? Tom yes. Liz prefers the option chain but respects the chart for context. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom Preston'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 0:00 Do you look at skew before putting on a trade 1:30 Call skew exploding in AI and tech names 3:00 Managing a winner: Greeks or just the P&L 4:30 When losing: when do the Greeks start to matter 5:30 Trade goes against you in the first hour: now what 7:00 30 delta put has 60 percent probability of touch 8:00 Better to get touched early than late 9:00 Do you still use charts at all #CallSkew #OptionsTrading #LizDierking #TomPreston #tastylive #ConfirmAndSend #OptionsManagement #OptionsEducation 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. Master your trading strategies with this Q&A session. Learn how to manage winning trades and decide between mechanical trading or chart analysis. This session breaks down the technical side of daily market operations. We address common hurdles for traders, specifically focusing on how to trade SKUs effectively before entering a position. Whether you are struggling with risk management or trying to refine your execution style, these answers provide clarity on handling trades that move against you quickly. We explore the debate between strict mechanical trading and subjective chart analysis. By understanding the nuances of these approaches, you can better align your execution with your personal risk tolerance. This discussion is designed for active traders looking to improve their decision-making process and move beyond basic setups. Subscribe for weekly trading strategy breakdowns, and comment which technical analysis topic you want us to cover next.