The boys continued their discussion of the wild overnight markets and how it ultimately meant little except that money changed hands andwas crushed. The was down over 4.25. Those trading the tastytrade way did well. Tom and Tony provided an experienced view of what was occurring and insight into what might happen next.
The focus was on ansegment from the previous day and one slide in particular. The slide was of a table of the then current underlying Implied Volatilities in the SPY (S&P 500 ETF), GLD (Gold ETF) and TLT (Bond ETF). The table included the three closest expirations and their . The table showed the estimated that would come after this binary event. IV did indeed get crushed in SPY and GLD but the big move in TLT resulted in IV remaining relatively the same. Tom noted " Always make the market place beat you".
Watch this tasty Extras segment withand for their experienced insights into some crazy markets and how ultimately the tastytrade way was proven the best.