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The tastylive network teaches investors innovative, simple ways to trade stocks, options, and futures, take advantage of market volatility and build a successful portfolio. Tom Sosnoff leads an irreverent and playful band of floor traders who are showing America a new way to quickly find low risk, high return strategies in bullish, bearish and sideways markets.
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Sunday's First Call session highlighted a promising market outlook with S&P 500 futures up 0.6% and NASDAQ rising 0.8%. The recent market reversal suggests potential bullish momentum after Friday's significant equity indices bounce and VIX crush from 22 to below 20.
Key factors influencing markets include possible tariff reductions, government shutdown resolution, and natural gas's strong performance (45 IVR). Despite strong Q3 earnings reports (82% beating estimates), companies saw minimal rewards for positive surprises while being punished twice the historical average for misses.
Both hosts noted AI's economic impact, with Powell recently commenting on AI's negative effect on jobs growth. This technology shift could paradoxically lead to more accommodative Fed policy despite its boost to corporate productivity.
The session concluded with debate on whether shutdown resolution would be bullish short-term, though potential poor economic data could quickly reverse any gains.
The S&P 500 staged a dramatic intraday reversal Friday, erasing early losses to trade near flat after falling significantly earlier in the session. The index recorded a 116-point range, the widest since mid-October.
Gus Downing joins Jermal Chandler to discuss how market sentiment shifted rapidly during the session, potentially influenced by optimism about an earlier government shutdown resolution. Both traders had been reducing long delta positions throughout the week but maintained some bullish exposure.
The discussion highlighted how earnings season has punished companies making large investments, particularly in AI and tech sectors. Meta, Microsoft, and Palantir all declined post-earnings, while Netflix and Tesla provided early warning signs of market sentiment.
Hosts Nick and Mike conducted a highly successful Fast Market session executing eight viewer trades while navigating challenging market conditions and wide bid-ask spreads. The standout trades included IBM 285-280 put spread at $1.40 (Mike adjusting from viewer's $2.95 naked put preference), Marvell January-December 91-100 diagonal at $5.04 playing for the 100-strike print ahead of earnings, Roblox 95 put/110-115 call Jade Lizard creating no upside risk, Lululemon 140 puts by Nick (versus viewer's 155-145 put spread or covered call choices), Oracle 220-230 December-January diagonal at $4.35 capitalizing on support levels, and VRT 140 puts at $3 after the stock's pullback from $200. The session featured impressive execution discipline with Nick scalping multiple micro NASDAQ futures positions for $2,500-$25,000 gains while managing zero-day SPX positions. Passes included Dash due to $3-wide bid-ask spreads on individual options creating $5-wide iron condor spreads deemed "impossible fills," emphasizing the importance of market quality over setup attractiveness.
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