May 26, 2020

Entering A Straddle or Strangle Spread in TOS

Although not strategies that we employ in the Short-Term Options Room, straddles and strangles can be very viable options strategies if used in the right circumstances.

Click the video link below to hear about the similarities and differences between the two strategies and when the best time to use them is.

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about the author:

Mike Shorr

Since 1994, Michael has been an on-the-floor market maker, Vice-President of Interest Rate Derivatives for Knight Financial Products and Director of Education and Options Instructor at Trading Advantage. He makes the oftentimes complex world of options and trading accessible to the novice and advanced trader alike. Michael has a Bachelor of Science degree in Statistics and Finance from the University of Illinois Champaign-Urbana. He presently is Director, Trader Education at ProsperTradingAcademy.

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February 15, 2026

Why Option Premiums Rise Before Binary Events

Ever wonder why option premiums rise before binary events in the stock market? It’s not uncommon for option prices to spike ahead of major announcements like: For context, I like to describe option premium as the difference between the contract’s price and intrinsic value. It’s essentially what buyers pay for the “hope” that an option […]

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February 6, 2026

The Delta Greek: How To Measure Option Premium

When the markets move, the Delta Greek can be one of the most valuable metrics to options traders. There’s a particular correlation between the Delta Greek and options premium that can help traders find out how much the price of an option is expected to change. From my personal experience, I believe this pattern can […]

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January 21, 2026

Could Penny Stocks Be The Big Play In 2026?

Written By: Howard Greenberg As everyday traders put their trading plans into action for 2026, penny stocks might not be on many of their radars. It’s totally understandable why penny stocks may not appeal to the more calculated seasoned traders. Their reputations for susceptibility to manipulation, extreme volatility, and low liquidity make them way too […]

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The “Sideways” Strategy Scott Would Consider For The SMH ETF

The VanEck Semiconductor ETF (SMH) is among the most useful proxies for gauging broader market conditions and risk appetite. It’s been trading in a tight range so far in 2026—separated by roughly $40—leaving many traders uncertain over what the next big move could look like. Will it continue its uptrend…? Or is there an anticipated […]

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Scott Shares His Strategy For Trading Around Binary Events

In many cases, binary events often lead to “all-or-nothing” outcomes. It’s either success or failure. Yes or no. Scott Bauer follows a certain way of trading during binary events. It involves looking for very specific details that a lot of traders tend to overlook. He joined his son, Jake—who hosts the Positively Sloped Podcast for […]

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How The Iron Condor Is Helping Scott Manage Risk

Amid these recent market conditions, Scott Bauer has been leveraging the Iron Condor as an ideal options trading strategy for managing risk. For those unfamiliar, the Iron Condor is a neutral options strategy that’s designed to define risk, and aims to profit from conditions like low volatility, where the underlying asset stays within a specific […]

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