tastylive: Options Jive

Tony and Nick handle the father-son takeover while sharing hilarious stories about office Sosnoff-wrangling and basketball throwing incidents! Watch the Batista duo systematically execute viewer trades with Tony's veteran wisdom guiding Nick's fresh perspective. The action peaks when they navigate complex pairs trades, Oracle iron condors, and Tony's perfect oil strangle closure after taking 60 cents profit in under 24 hours. Witness real money moves on 8 out of 10 family tickers - successfully trading 6E (Euro iron condor), SPX (upside butterfly), GDX (wise abstention), OPEN (complex call ratio), ETHA (neutral strangle), SBUX (call spread), BIDU (bearish strangle), and ORCL (adjusted iron condor) while passing on abstract WEN/CAVA pairs story and existing SPY diagonal. From mentorship moments to perfect profit-taking, this episode showcases father-son trading precision with maximum family entertainment value!

In this episode of "Confirm and Send," the discussion centers around trading strategies, particularly in volatile markets. Tom highlights the challenges of managing defined risk trades compared to undefined risk trades, emphasizing the difficulty of defending positions when volatility is low. He also discusses strategies for handling losing scalps, such as selling calls against futures to reduce delta exposure. The conversation wraps up with insights on vertical spreads, particularly regarding implied volatility ranges, and concludes with caution against predicting market downturns.

Tom and Tony navigate market chaos with Oracle exploding $25 higher in an insane 40% move that leaves Tom speechless about defending short premium positions! Watch them execute systematic trades while Tom struggles with his Oracle positions and celebrates perfect timing on S&P futures from morning highs. The drama peaks when they debate whether anything can defend against such massive single-stock moves beyond buying outright stock. Witness real money moves on 8 out of 10 Oracle-shocked tickers - successfully trading RBLX (Christmas tree call ratio), GC/SI (winning pairs trade), META (call spread into weakness), ETHA (neutral strangle), DAL (jade lizard), UNH (hard-fought strangle), SPX (zero-day iron condor), and GDX (naked calls on relentless rally) while passing on post-rally COIN and overextended TSLA. From pairs trades to Oracle disasters, this episode showcases systematic trading amid single-stock explosions!

The S&P futures traded up 30 handles at $55.62, just below session highs of $56.65. Nasdaq climbed $123, with both indices showing strength throughout the morning. Russell gained $8 while the Dow lagged, down $17 after weakness yesterday. VIX futures rolled to the new front month, trading at $18.29, down $0.15 and sitting at session lows. Bonds remained unchanged at $117.04 after ranging between $116.22 and $117.09. Cryptocurrencies showed momentum with Bitcoin up $2,700 to $113.04 (1.5%) and Ethereum rising $68. Oracle was the standout stock, surging approximately $80 to $318 per share. Tom and Tony discussed covered call management strategies, rolling tactics for positions in trending stocks, and backtest results for premium-selling strategies versus buy-and-hold approaches.

Tom and Tony examined how significant stock rallies affect options sellers, focusing on Palantir (PLTR) and Robinhood (HOOD), which gained 109% and 195% respectively in 2025. Selling naked 20-delta calls in these stocks produced win rates of 56% for PLTR and 45% for HOOD, but with substantial maximum losses (10x and 8x the credit received). When balanced with short puts, maximum losses decreased dramatically to around 2x-3x credit received. The analysis demonstrated that while three-times expected moves do hurt sellers, adding the opposite side significantly reduces risk exposure. Options markets had already priced in substantial moves for these volatile stocks, keeping losses within reasonable expectations for balanced strategies.