What's Your Assumption? - November 5, 2025 - Live Trading: Hood Crab Trade, Intel Diagonal, SPX Zero-Day Executed
Update: 2025-11-05
Description
Hosts Tony and Jamal conducted a successful What's Your Assumption session executing seven viewer trades while managing existing positions, opening with Tony scalping NASDAQ futures twice for quick profits. The Hood trade featured a crab structure buying December 145 call and selling two November 155s at $8+ debit, positioning for "inside and up" move to expected range. The Intel 40-45 January-December diagonal at $1.98 provided 21 long deltas that perfectly neutralized Tony's existing 35-40 strangle (14 short deltas), creating portfolio-level delta neutrality. The SPX zero-day iron condor used $10-wide wings at 18-23 delta for $3.20 credit with GTC order to close at $2.60. Multiple passes included CMG where Tony expressed frustration with his long stock position ("I hate everything about it"), IONQ deemed untradeable with wide markets despite call skew, Lily with $18-31 wide markets making $2,000 diagonal too expensive, and Meta where Tony already holds bullish position from October 30th currently down 50 cents. The session emphasized proper position sizing and market quality, with Soundhound getting creative 14-15.5 call zebra structure at $2.50 for defined-risk earnings play instead of naked puts.
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