Oct 08 2020 28 mins 3
Sometimes, from purely a [strategic diversification standpoint,](https://www.tastytrade.com/tt/shows/from-theory-to-practice/episodes/strategic-diversification-03-02-2016 ) it’s beneficial to add some long premium spreads to your positions to balance out a predominantly short premium portfolio. As a result, in today’s portfolio analysis, we take a look at both USO and TLT - two indexes with very low IVRs. This alone makes them great candidates for [Vertical Spreads](https://www.tastytrade.com/tt/shows/from-theory-to-practice/episodes/portfolio-tactics-managing-vertical-spreads-early-04-17-2019 ) or [Calendar Spreads.](https://www.tastytrade.com/tt/shows/from-theory-to-practice/episodes/and-the-calendar-rolls-08-23-2017 )
