While most traders log off and wait for the next session, larger players are already building positions overnight — and what if you could interpret that activity to come into the next day with a clear directional bias instead of reacting at the open? → Discover The Edge

Your Volatility Survival Guide

Volatility Update-
-GAME ON! We are still in backwardation
-Trading VIX options
-Dollar may be a great volatility indicator

Critical Levels
-SP500 critical levels – /ES 4211 – /ES 4500
-Volatility Channel – aka Hurt Locker
-Correlation

Will YOU Fight the FED?
-Long and wrong could bring unbearable risk
-STOPs work! All too well in volatility
-not a time to bottom fish (any 5 year chart say so)
-Spreads mitigate vol exposure
-Deep in the money puts to hedge long stock

SPX Expected Move —
–last week — 149.58 (expected move)
–next week– 137.59

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