In today's From Theory to Practice, Dr. Jim addressed managing his SLV straddle position, discussing potential adjustments including the pros and cons of going inverted.

For Netflix earnings after the bell, he initiated a bearish 90/84 long put spread for $2.97, noting an approximately 50% probability of profit, which is typical for ATM Vertical Spreads. Dr. Jim then included some analysis of premium efficiency and strategic position management during market volatility.