Review of tastylive, a Rare, Free Trading Recommendation (and Education) Service

Ever feel like the stock market is a secret club with a complex handshake? You're not alone. Figuring out options trading can feel like trying to decipher ancient hieroglyphs. But what if there was a place where seasoned traders shared their strategies, live, for free? Enter tastylive.

From the Trading Floor to Your Screen

tastytrade was founded by Tom Sosnoff, a name you might recognize if you've been around the trading block for a while. Before launching tastytrade, Sosnoff co-founded thinkorswim, a trading platform that revolutionized online brokerage. He sold thinkorswim to TD Ameritrade in 2009.

Sosnoff's vision for tastytrade was simple: to create a financial network that democratizes trading knowledge. And he's assembled a team of hosts who aren't just talking heads; they're active traders with years of experience on the trading floor. These include figures like Tony Battista, Katie McGarrigle, and many others, all bringing their real-world insights to the table.

Free Education and Real-Time Trade Ideas

What sets tastytrade apart is its commitment to free, live content. They pump out hours of daily programming, covering everything from basic options concepts to advanced trading strategies. You'll find:

• Live Market Analysis: Hosts break down market movements in real-time, offering their perspectives on what's driving the action.
• Trade Ideas: They share their own trading strategies, explaining their rationale behind each trade. It's like looking over the shoulder of experienced traders.
• Educational Segments: From beginner-friendly explanations of options terminology to in-depth analysis of complex strategies, tastytrade caters to all levels of traders.
• Interviews and Guest Appearances: They bring in experts from various fields to discuss market trends and investment opportunities.

Navigating Volatility: Selling Premium vs. Options Appreciation

One of the core concepts you'll hear about on tastytrade is the importance of understanding volatility. They often discuss strategies that capitalize on high volatility by selling options premium. Essentially, they're betting that the market won't move as much as the options market implies.

However, they don't exclusively rely on selling premium. They also explore strategies that profit from options appreciation during periods of low volatility. This involves buying options when they believe a significant market move is imminent.

The ability to shift between these strategies depending on market conditions is a key takeaway from tastytrade's content.

Why Free?

You might wonder why tastytrade gives away so much valuable content for free. The answer lies in their business model. They also have a brokerage firm (tastyworks). By educating traders, they hope to attract them to their platform. It's a win-win: traders get free education, and tastytrade gains potential customers.

How to Access tastytrade Content

Accessing tastytrade's content is easy:

• Website: You can watch live streams and access on-demand videos on their website, tastylive.com.
• Mobile App: They offer a mobile app for convenient access to their programming.

In Summary

tastytrade offers a unique blend of education and entertainment for traders of all levels. With their team of experienced hosts and commitment to free content, they're helping to democratize options trading and make it more accessible to everyone.