WDIS: Two Yutes - Beginner Options Trading - June 28, 2021 - Testing the tastytrade Way

published 1 month ago by tastytrade, Inc.

Kay acknowledges that she knows tastytraders don’t like trading trends or “technicals”---but something about NKLA is really speaking continued rally to her. She throws mechanics to the wind and sells a put spread in the stock. After emphasizing that it’s breaking every one of the tastytrade guidelines, Tom encourages her to do it anyway. He says that we have to see these things work--we have to see the tastytrade mechanics play out in our favor, and the follow-the-trend strategy fall apart, in order for us to learn. Who knows? Maybe she’ll be right this time...

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