Selling outofthemoney (OTM) options can help generate income for options traders since they get paid the option premium upfront. One of the main advantages of selling options is that time decay works in your favor. Learn more from Mike about put contracts, call contracts, implied volatility, and probability of profit.

0:00 Introduction
0:48 Put Contract
3:13 Call Contract
5:37 Implied Volatility Reversion
8:11 Probability of Profit
11:29 Takeaways: Selling Options
13:17 Questions/Contact info

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This video and its content are provided solely by tastylive, Inc. (“tastylive”) and are for informational and educational purposes only. tastylive was previously known as tastytrade, Inc. (“tastytrade”). This video and its content are not, nor are they 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. Supporting documentation for any claims, comparisons, statistics, or other technical data, if applicable, will be supplied upon request. Multileg option strategies incur higher transaction costs as they involve multiple commission charges. Please read the Characteristics and Risks of Standardized Options Disclosure prior to trading options. This video and its content were created prior to the legal name change of tastylive. As a result, this video may reference tastytrade, its prior legal name.