One of the most surprising parts of the results is this: 435 winning trades and 434 losing trades. Almost a 50/50 win rate. And yet, the system still produced over $13,000 in net profit on a $5,000 account. Why? Because the winners were consistently larger than the losers. That's the entire edge—risk control, not prediction. → See how risk and reward are structured on every trade.

Is Low Market Volatility Transitory?

Market Update–
–CPI was HOT the market move was NOT!
–Financials took a beating
–Tech rallied but not enough to move SP500
–Russell gets Meat-loafed!

Jay Powell and the FED are Back!
–FED meeting/announcement on WED
–Bonds once again take center stage
–Front week VOL in Bonds elevated
— the volatility catalyst

Volatility is Transitory!
–Dollar – is this bid the turning point?
–SKEW – highest print EVER!
–VOL – risk is still prevalent

Selling Premium in Lower Vol–
–get a hedge on
–use back month premium
–reduce neg gamma risk

SPX Expected Move
–last week– 53.14 (expected move)
–next week– 59.53

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

	Today
09.00	Don Kaufman \| Pre-Market Prep \| FREE SESSION 09.20 09.30 Don Kaufman \| Early volatility 09.20 10.30
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 Elizabeth \| Price Action 13.15 14.00
13.00
13.30
14.00	Corey Rosenbloom \| Options tactics 14.00 15.00
14.30	Corey Rosenbloom \| Options tactics 14.00 15.00
15.00	Blake Young \| Market wrap 15.00 16.00
15.30	Blake Young \| Market wrap 15.00 16.00