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In this YouTube video tutorial, Seth Freudberg, the head trader of SMB Capital's options trading desk, explains a smart option strategy that allows you to buy an options contract with no cash outlay. Professional traders use options to identify and exploit market opportunities, which can offer significant risk reward trade-offs. One common trend since the Covid-19 pandemic has been strong sell-offs in the SPY followed by mild rallies, and a particular strategy can be used to take advantage of this pattern.