At 6:00 PM, the next day's trade is already mapped out. Entry. Stop. Target. Done. By the time the market opens, there's nothing to figure out. No scrambling. No second-guessing. Just wait for price to hit your zone and execute. → See how traders are preparing trades the night before instead of reacting in real time.

Strangles: Don Kaufman explains a popular options strategy in Business Insider

What is a strangle?

If you’re expecting a large move in the market but don’t know which direction it’s headed, you may want to strangle it, explains TheoTrade co-founder Don Kaufman in this Business Insider story. Don discusses how a strangle works, and when it could be advantageous to consider this options strategy.

For more detail, see the Business Insider story: Strangle options: An investment strategy that plays both ends against the middle

More from TheoTrade

Valuation Headroom Tells You How Much Upside

Wednesday, August 26, 2026 – Tony’s Pre-Market Playbook

Don’t Fight The Treasury

How To Gamble On Options Like A Pro

Ignore the Bull/Bear Noise — Do This Instead

CNBC Got This Gold Options Print Dead Wrong

	Today
08.30	OJ & Mac \| Overnight review \| FREE SESSION 08.30 09.20 Don Kaufman \| Early volatility 09.20 10.30
09.00
09.30
10.00
10.30	Jeff Bierman \| Market structure 10.30 11.30
11.00	Jeff Bierman \| Market structure 10.30 11.30
11.30	Brandon Chapman \| Ghost Hour 11.30 12.30
12.00	Brandon Chapman \| Ghost Hour 11.30 12.30
12.30	Gianni Di Poce \| Macro overview 12.30 13.15 Corey Rosenbloom \| Options tactics 13.15 14.00
13.00
13.30
14.00	Tony Rago \| Futures Trading 14.00 15.00
14.30	Tony Rago \| Futures Trading 14.00 15.00
15.00	Blake Young & Mac Holbrook \| Market wrap 15.00 16.00
15.30	Blake Young & Mac Holbrook \| Market wrap 15.00 16.00