By the time the headline explains the move, the opportunity may already be gone. → See the Signal Before the Story

Is this the Start of a Major Upside Breakout?

Market Update–
–Jobs Number says Goldilocks is Back!
–Financials and Energy leading markets
–Tech Lags
–Vol Crush

Bonds Breaking Out?
–bonds/rates drive market dynamics
–Tech
–Financials

Skew Continues to Dominate
–markets are pricing tail risk
–VVIX, hedgers are still prevalent
–premium selling spectacular, back months

SPX Expected Move
–last week– 50.73 (expected move)
–next week– 53.14

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