### Summary
- Low implied volatility in the market suggests caution in selling premium.
- Liquidity becomes crucial during periods of low volatility.
- Consider defining your risk when trading in low volatility environments.
- Conditional value at risk (CVaR) is a new feature on the tastytrade platform.
- The S&P 500 is up, but volatility remains low.
- Many stocks have lower implied volatility and are not ideal for trading.
- Meta (stock) has higher implied volatility compared to the benchmark (NASDAQ).
- The strategy chosen depends on the product and market conditions.
- Using the 20 Delta option can be a suitable approach for selling premium in Meta.
- The iron condor or synthetic strangle strategy is considered for Meta.
- The trade can be executed in an IRA account or a margin account.
- Conditional value at risk (CVaR) helps determine the real risk involved.
- Buying power and risk vary depending on the type of account.
- The iron condor trade in Meta is filled at $5.55.
- CVaR is useful for assessing additional risk when rolling options.
- The trade has a 66% probability of profit (Pop) and generates Theta decay.
- The trade's NAME_1 indicates a short volatility position.
- Delta is beta-weighted to SPY and has slightly negative exposure.
- Meta has a good correlation with the overall market.
- Managing the trade involves rolling the untested side when Delta reaches 15.
- The follow page shows all trades and adjustments made by the team.
- Other trades include Nvidia and Amazon adjustments.
- The option trades today podcast is available on YouTube.
- Viewers are encouraged to like, subscribe, and open an account at tastytrade. There should be exactly 6 paragraphs separated by the markdown divider: ***.
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