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.

Has the Great Market Unwind Begun?

-Mega market caps taking a hit

-TSLA, NVDA, GOOGL. MSFT

-Jobs number a huge miss

-FED nixes “transitory”, accelerates taper

-Bonds go on the defensive

Volatility Update—

-/VX vol futures cross backwardation and back

-VIX over 30

-VVIX in never never land

-SKEW still rockin’

-expected moves and IV ranks explode

Strategy Talk—

-Buying calls for rallies is brutal

-spreads offset vol risk

-rallies will bait retail into devastating losses

-spreads for directional bias

-premium sellers start your engines!

SPX Expected Move —

–last week — 154.25 (expected move)

–next week– 157.12

Don Kaufman

Don Kaufman is options trader and educator. Former CBOE market maker, former Chief Derivatives Instructor at thinkorswim, and former Director of the Trader Group at TD Ameritrade. In 2015 he co-founded TheoTrade to teach traders how volatility, probability, and risk really work.

More about Don Kaufman

More from TheoTrade

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What Stalled the Mag 7 Rally

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Pause on the Bridge

The Sizing Rules That Could Save Your Account

	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