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.