Fast Market: Live Trading QQQ Iron Condor and Multiple NASDAQ Scalps as VIX Holds 22+
Update: 2025-11-21
Description
Hosts Nick and Tony conducted an intense What's Your Assumption session focused on managing extreme intraday volatility ahead of NVIDIA earnings, with Nick executing multiple rapid NASDAQ futures scalps. The session opened with Nick demonstrating TastyFX platform features showing his painful Euro-JPY position but emphasizing small sizing discipline to withstand 500-buck moves. The QQQ trade featured a dynamic iron condor with 20-point wide put spread versus 10-point wide call spread at $4.75, with Nick getting filled as NASDAQ rallied 15 handles opposite his needed direction due to expanding volatility. The NASDAQ futures scalping showcased extreme conditions - Nick bought at 111, sold at 99 (20-handle gain in seconds), then bought back at 70 capturing another leg as markets whipsawed. Multiple passes included MSTR iron condor (Nick advocating directional spreads over neutral in volatile stocks), Chipotle 27-35 strangle (too cheap for Tony's underwater position), Dash (December markets $1.50 wide deemed untradeable), and EEM where Nick opted for 100 shares of stock at $52 rather than selling $1 January puts for minimal premium.
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