Nov 04 2020 26 mins 6
Today, with the market surging over 3%, even without a winner from the presidential election, we are reminded that [no one really knows anything,](https://www.tastytrade.com/tt/shows/wdis-options-101/episodes/nobody-knows-anything-01-17-2017 ) when it comes to market direction. With our positions, the strong rally is helping our Iron Condors in AMZN and MSFT, along with our Poor Man’s Covered Call in PEP. Interestingly though, TLT is also rallying alongside the stock market, so we take some time to unpack exactly how our [Calendar Spread](https://www.tastytrade.com/tt/shows/from-theory-to-practice/episodes/calendar-spread-rules-05-15-2017 ) in TLT ends up being positive theta and positive vega.
