Really? They're recommending? Can you point to where they're doing that? I've been watching them for most of a year, and - like everyone else in the financial space - they're damn near paranoid about pasting "this is not a recommendation" all over the place. They talk about what they've done, not what you're supposed to do. I will note that NO trading info of this sort, from anyone, should just be swallowed wholesale; you need to do your own research, use your own brain, and do lots of testing at small scale until you're satisfied that it works for you. I've tested what they present for myself, and have my own conclusions about it; anyone who hasn't done that, or doesn't understand the larger context in which these trades are supposed to be executed to be successful - again, true of any sort of trading - really can't have a meaningful or valid opinion.
So - you make definite, imperative comments on things that you know nothing about. Good to know; thanks for filtering yourself out so early. [plonk]
tradingpoker-IMO, the option strategy should rarely come first. You should have a process to "predict" that a symbol will trade in a direction or range, or not do something. Then, review the current option markets to determine the best way to take advantage of that opinion with your risk comfort level. Those that randomly sell or buy spreads are just betting current prices are wrong.
No idea, but I would guess it's over 3. I haven't imported my IRA data but the contributions were under $100K (lifetime) so all of it was organic growth. My taxable accounts mirrored the IRA.
Ah, and there lies the rub. Sosnoff and his merry band of shills sells this as the ultimate strategy to instant profits. Yet, they never seem to talk about hedging risk off. Almost like their entire show is to make commissions... Being net short options is certainly a strategy that works and can be very profitable but the "tastytrade method" is only a sure winner for the brokers. Consider reading some books on options trading before taking Sosnoff's word for it. It is simply not as easy as sorting an Excel sheet by IV rank and throwing dollars 10-20 deltas away at exactly 60 DTE on the top 3-5 stocks.
They employed a data scientist to do some research. It's hilarious to watch the data scientist say that nothing works after millions of backtests, then realize that he has to shill as well and backtrack, saying things like oh selling options is the only thing that works.