The stock market surged before Thanksgiving starts off the holiday season, cheering as December Fed rate cut bets solidify. What's next from here? tastylive's Head of Global Macro Ilya Spivak breaks down price action and latest economic news to consider if this rally has room to continue, or if sellers will return in force as the FOMC meeting draws closer.

The stock market surged before Thanksgiving starts off the holiday season, cheering as December Fed rate cut bets solidify. What's next from here? tastylive's Head of Global Macro Ilya Spivak breaks down price action and latest economic news to consider if this rally has room to continue, or if sellers will return in force as the FOMC meeting draws closer.

In today's From Theory to Practice, Dr. Jim used the huge market rally to close several profitable positions ahead of the holiday break, including strangles in /MES, DAL, and QCOM, and also a short put in TGT—all displaying the advantages of strategic premium selling. He highlighted the importance of managing positions before extended market closures and demonstrated how short puts can provide beneficial buffer room during market volatility.