WATCH THE SHOW HERE: https://www.tastytrade.com/tt/shows/wdis-top-dogs/episodes/timing-trades-after-movement-08-03-2018?utm_campaign=archive&utm_medium=link&utm_source=social-share
Howard and Tom aim to diversify some of his underlyings today by adding a few commodities and different sector exposure.
Tom explains how to set up a Jade Lizard strategy, which is a neutral to bullish strategy in ATVI and then walks through the breakevens and probability of profit.
They get neutral in FB and then focus on TSLA with a bearish, defined-risk Iron Condor.
With Gold bouncing back a little from its lows today, they decide to hold off until Monday to see if it pulls back for better trade location.
Finally, they wrap things up with a look at Howard's portfolio greeks and add to his theta by scaling up a position in Docusign, DOCU.