π$MU @ $1,040.36
π MU - Bullish Short Put Spread
π Expiration: 10/09/2026
π° Net Credit: $7.00
π΄ Sell 1 $MU 980 Put
π’ Buy 1 $MU 960 Put
π Want the full playbook? Grab your copy π
https://t.co/pzWOPql32E
#OptionsTrading#MU#Options
Two NVDA call positions, both underwater. Brian Overby pulls up the live P&L to show what time decay actually did, down 190 on one and 105 on the other. Theory made real.
πΊ Clip from #OGTV Ep. 468
π $ORCL @ $143.50
π Long Call Spread Adjustment
β Expiration: 10-23-2026
π° Adjustment: $1.50 Net Credit
π’ Sell to Open 1 ORCL 170 Call
π΄ Buy to Close 1 ORCL 190 Call
Want the full playbook? Grab your copy π
https://t.co/pzWOPqkvd6
A bullish open wing butterfly with calls from Brian Overby: buy the 375 call, sell two 395s, buy one 407.50, for a 4.20 debit. Max risk is the $420 you put in. Here's how the structure works.
Time decay is the buyer's worst enemy and the seller's best friend. Brian Overby flips the trade to the sell side, where that accelerating decay into expiration works entirely in your favor.
Buying an option comes down to one balance: delta versus time decay. Brian Overby explains the trade-off between paying up for delta and getting eaten alive by theta on the cheap ones.
At the money is always a 50 delta. Brian Overby shows what happens on expiration day: one dollar in the money and the delta rockets from 50 to 90. Time left is what makes delta calm or violent.
Delta doesn't sit still. Brian Overby shows how it climbs as the stock rises, moving with every dime the underlying travels. Understanding that it's dynamic changes how you read a position.
πΊ Clip from Fundemental Fridays Ep. 19
π $NVDA Cash-Secured Put
ποΈ Earnings: Wednesday, Aug. 26, after the close
β³ Expiration: 09-18-2026
π° Trade Price: $9.25 Credit
π΄ Sell 1 NVDA 215 Put
π Learn more about Cash-Secured Puts
https://t.co/9DSLi2ACmP
Forget the textbook. Brian Overby shares the delta definition traders use on the floor: the probability an option finishes in the money. So universal that "50 delta" is trader slang for a coin flip.
πΊ Clip from #OGTV Ep. 459
π $VIX Long Call
β³ Expiration: 09-16-2026
π° Trade Price: $1.84 debit
β Buy 1 VIX 18 Call
π Learn more about Long Calls here
https://t.co/ZkaJgTmK07
π Want the full playbook? Grab your copy π
https://t.co/pzWOPqkvd6
High implied volatility into earnings makes calls expensive. Brian Overby uses a long call spread instead: the short call offsets the cost and gains as volatility drops and time decay kicks in after the report. Bullish exposure, lower cost.
Every book defines delta the same dry way: how the option moves relative to the stock. Brian Overby calls that definition boring and not very helpful, and points to a better way to think about it.