Confirm and Send - April 17, 2024 - Bonds, Bitcoin, and Commodities

The tastylive network

In a finance-focused discussion, Tom Sosnoff and Tony Battista analyzed current market conditions, noting mixed movements across major indexes—S&Ps, NASDAQ, Russell, and the Dow, with volatility seeing a slight decrease. They touched on the performance of bonds, Bitcoin, oil, gold, and silver, highlighting specific trends such as oil's minor downturn and gold maintaining near its highs despite a dip. Earnings focus was on Las Vegas Sands and AA, with a cautious approach suggested toward markets opening higher. They delved into trading strategies, examining mechanics for strangles, iron condors, and vertical spreads, stressing the importance of managing trades based on predefined mechanics rather than directional shifts. The conversation transitioned into zero DT trades, emphasizing swift management due to their risk profile and volatility. As earnings season approaches, they debated allocation strategies among earnings trades, zero DT, and core 45-day trades, advising minimal allocation to the former two. Span margining and its determinants, including volatility and duration, were clarified. A nuanced discussion on gamma risk in butterfly spreads concluded the session, with a final note on the VIX's reliability in predicting market moves, refuting the notion of it being "broken." The engaging dialogue underscored nuanced trading strategies and market insights pertinent to finance enthusiasts.