You Don't Have to Predict Which Way the Stock Will Go.
Earnings Flips is Don Kaufman's approach to using expected-move levels and strategically constructed option spreads to define the trade before the announcement—and avoid relying on a simple up-or-down prediction. → Discover Earnings Flips

Who Buys the All-Time High?

Shorts Squeezed
Retirement Funds
Call Buyers
Bona Fide Hedgers
Retail Investors

Bonds lost their mojo this week

VIX call Spread Buyer may not be a bear!

We smashed expected move

SPX Expected Move
–last week EM– 57.96
–next week– 57.96 expected move

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.

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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