The tastytrade network

Slim still sees the Russell as the weakest index and thinks it can reach a 20% correction. Slim believes the SPX has another 6-8 weeks in a declining phase but still believes there will be strong rallies to be sold. Slim sees the precious metals in a red zone to sell short on rallies. Slim forecasts a continuation of the bond rally as the stock market corrects to the down side. Mike calls in asking about the correlation of gold futures and physical gold.

Brad from the dough development team joins Ryan to discuss the new Order Chains feature.

Brad from the dough development team joins Ryan to discuss the new Order Chains feature.

Chaunte Lowe, an American record holder and Olympic High Jump athlete and trader, visits the tastytrade office today and joins the guys on the Pitch. Tom & Tony are fascinated by her interest in trading, and aim to find out what motivates her. Chaunte explains that the competition aspects of trading and training as an olympic athlete are very similar! She breaks down what her day is like juggling trading, training and her three wonderful children. She exposes her two rules for success in trading, and tells you how she got started! On the pitch, the guys discuss the live segments for Thursday. Anatomy Of A Trade will feature dough's new Order Chain function, and Scott will reveal his trade of the week. The difference of High (50-75) and extremely high (75-100) IV Ranks will be measured on Market Measures.

Chaunte Lowe, an American record holder and Olympic High Jump athlete and trader, visits the tastytrade office today and joins the guys on the Pitch. Tom & Tony are fascinated by her interest in trading, and aim to find out what motivates her. Chaunte explains that the competition aspects of trading and training as an olympic athlete are very similar! She breaks down what her day is like juggling trading, training and her three wonderful children. She exposes her two rules for success in trading, and tells you how she got started! On the pitch, the guys discuss the live segments for Thursday. Anatomy Of A Trade will feature dough's new Order Chain function, and Scott will reveal his trade of the week. The difference of High (50-75) and extremely high (75-100) IV Ranks will be measured on Market Measures.

Tim Knight starts Last Call off by analyzing charts using his software, prophet charts. He explains why he is still weary of precious metals. Tom looks to reevaluate some of his positions, as he felt very strongly the market would continue to creep down. Although today was not a good day, he is still bearish overall!

Tim Knight starts Last Call off by analyzing charts using his software, prophet charts. He explains why he is still weary of precious metals. Tom looks to reevaluate some of his positions, as he felt very strongly the market would continue to creep down. Although today was not a good day, he is still bearish overall!

Slim warned previously of big moves down in crude oil in the final stages of its decline. Slim sees a few more weeks of downside before a bottom is formed. Slim sees trouble brewing in natural gas after it could not rally in its rising phase. Slim predicts a small correction continuing in the dollar.

Case Sosnoff answers viewer emails sent to her in regards to recent topics her and Tom have covered. Her first question is focused on how to defend a naked Put after a significant drop in the underlying's price. Case and Tom discuss various defensive moves such as rolling to next month to collect more premium, to selling a call and converting the strategy into a strangle spread. Next, Case tackles a question about legging out of strangles in relation to changes in buying power.

Case Sosnoff answers viewer emails sent to her in regards to recent topics her and Tom have covered. Her first question is focused on how to defend a naked Put after a significant drop in the underlying's price. Case and Tom discuss various defensive moves such as rolling to next month to collect more premium, to selling a call and converting the strategy into a strangle spread. Next, Case tackles a question about legging out of strangles in relation to changes in buying power.

Stocks drop early as oil plunges again. The IMF cautions on Eurozone growth and threat of travel restrictions on Ebola hurt the airlines. SPX hits our weekly downside target at the 34 week moving average.

ShadowTrader Uncovered - October 8, 2014 - Can You Predict Market Moves During FOMC?

Ask SLM - October 8, 2014

Oil has been hurting Katie's account today, and after some reflection, the duo fear they may have gotten too big in /CL and in XOP. Katie has not yet rolled down the untested side in her /CL Strangles, she has mechanically adjusted her XOP Strangles, and gone inverted on them. Now, in order to lessen her overall risk in Oil, it's up to Katie to decide whether to close XOP or continue defending it. After weighing her choices, which include closing one Strangle and continuing to roll down the Call side to reduce her Buying Power, Katie decides it's time to wipe the slate clean, take the loss, and look to other high IV ranking stocks for opportunity! While it was tough for Katie to close this trade, Tony assures her that with higher IV Ranking underlyings out there, she can have better Probabilities of Profits on these newer trades than on a micromanaged trade when they were simply directionally wrong.

Oil has been hurting Katie's account today, and after some reflection, the duo fear they may have gotten too big in /CL and in XOP. Katie has not yet rolled down the untested side in her /CL Strangles, she has mechanically adjusted her XOP Strangles, and gone inverted on them. Now, in order to lessen her overall risk in Oil, it's up to Katie to decide whether to close XOP or continue defending it. After weighing her choices, which include closing one Strangle and continuing to roll down the Call side to reduce her Buying Power, Katie decides it's time to wipe the slate clean, take the loss, and look to other high IV ranking stocks for opportunity! While it was tough for Katie to close this trade, Tony assures her that with higher IV Ranking underlyings out there, she can have better Probabilities of Profits on these newer trades than on a micromanaged trade when they were simply directionally wrong.