From Theory To Practice - December 14, 2020 - How to Adjust After Rolling the Untested Side
When it comes to the tastytrade bread n' butter, the short strangle, we have a pretty clear blueprint for [how to adjust the position once of the strikes is hit.](https://www.tastytrade.com/tt/shows/from-theory-to-practice/episodes/reducing-deltas-by-50-with-an-adjustment-12-11-2020) But naturally, that begs the question, how do we know when to adjust for a second time? So that's our focus today.