n Monday's market action, AMD surged 30%, highlighting the danger of naked call positions. The hosts emphasized how high-probability trades require discipline during such extreme moves.

Liz and Jenny unveil a new options strategy for investors with concentrated stock positions who want defined risk without selling shares for tax reasons. The technique creates a "synthetic zebra" by combining long stock with a long put and specific call spread, offering unlimited upside potential with capped downside risk.

The S&P 500 futures (ES) briefly touched the elusive 6800 level, while Bitcoin reached $120,000, setting new highs. In the currency markets, the Japanese yen experienced significant volatility.

Through practical demonstrations in Intel (INTC) and Archer (ACHR), the hosts showed how this advanced strategy can protect gains while maintaining long-term tax benefits - particularly valuable for concentrated positions where investors are reluctant to sell.