Stop Chasing the Move After Everyone Else Sees It.
Don Kaufman shows traders how to use the options market's expected move to define risk and structure the opportunity before volatility hits. → See How It Works

Market in a Volatile Holding Pattern?

The edge of normal?
–SPX holds it together and pulls out another week inside the Expected Move

SPX Expected Move
–last week– 93.88 (expected)
–next week–

Volatility Box and Sector Rotations
–SPY/Bonds
–SPY/Dollar
–SPY/Gold

Big Tech getting frothy
–AMZN
–FB – vol skew flips
–MSFT

Bond watch!

Do not get lulled to sleep
–is ain’t no quiet market!
–Volatility is alive!
–VVIX, Vol Futures

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

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Friday, November 13th, 2026 – Tony’s Market Mindset

	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