The market rebounded with S&P up 54 points to 6833 after yesterday's orderly decline. NASDAQ led gains at 1.3%, while Bitcoin surged 4% to $89,200. Options expirations loom with SPY, TLT, and diamonds facing dividend impacts.

During Confirm and Send, Nick and Tony addressed viewer questions about portfolio hedging strategies. They emphasized that Delta positioning should align with directional assumptions rather than following arbitrary numbers, recommending 500-600 Deltas (long or short) for a typical $120,000 account.

The pair also tackled whether to sell strangles versus puts alone, suggesting traders could simply sell put options or implement call spreads to define upside risk during bullish market conditions.

On Bitcoin's recent decline, they attributed it to broader liquidity issues and reduced speculation rather than specifically blaming Japanese interest rate policies, noting that Bitcoin's 40% move aligns with its 60-70% implied volatility.