In this episode, Tom Sosnoff and Jacob discuss refining financial models by incorporating Poisson jumps into traditional Brownian motion frameworks. They highlight the limitations of the Black-Scholes model, particularly its assumptions about constant volatility and continuous price movements. By introducing Levy processes, which allow for discontinuities, they explore how this modeling approach can provide better insights into market behaviors. The conversation emphasizes the importance of using realistic models in trading while accepting the inherent flaws in any financial model.

Tom and Tony navigate a choppy market tug-of-war with S&P down 6 and volatility creeping higher while tackling viewer submissions from Slovakia to Switzerland! Watch Tom discover the real place called "Knock 'Em Stiff, Ohio" while lamenting missed opportunities on Apple-Oracle pairs trades that moved $20 in just two days. The action includes Tom's adventurous mango guacamole breakfast and a mysterious gasoline-heating oil futures spread.

Witness real money moves on 6 out of 10 hot tickers - successfully trading FI (Fiserv strangle), HIMS (skewed strangle with call skew), IONQ (naked puts), ZC (corn position adjustment), PEP (earnings strangle), plus a futures spread in RB/HO, while passing on already-moved AAPL/ORCL pairs, late-to-the-party IWM, holiday SPX play, and buy-and-hold QQQ. From international corn plays to earnings strangles, this episode showcases global market opportunities with perfect timing regrets!

Tom and Tony navigate a choppy market tug-of-war with S&P down 6 and volatility creeping higher while tackling viewer submissions from Slovakia to Switzerland! Watch Tom discover the real place called "Knock 'Em Stiff, Ohio" while lamenting missed opportunities on Apple-Oracle pairs trades that moved $20 in just two days. The action includes Tom's adventurous mango guacamole breakfast and a mysterious gasoline-heating oil futures spread.

Witness real money moves on 6 out of 10 hot tickers - successfully trading FI (Fiserv strangle), HIMS (skewed strangle with call skew), IONQ (naked puts), ZC (corn position adjustment), PEP (earnings strangle), plus a futures spread in RB/HO, while passing on already-moved AAPL/ORCL pairs, late-to-the-party IWM, holiday SPX play, and buy-and-hold QQQ. From international corn plays to earnings strangles, this episode showcases global market opportunities with perfect timing regrets!

In today’s OJ, Tom and Tony analyze current market conditions, highlighting mixed performance with the NASDAQ down 51 points and key stocks like Tesla (TSLA) and Apple (AAPL) showing minimal gains. The conversation then transitions into terminology crucial for traders, focusing on Ticks, PiPs, Handles, and BiPs, emphasizing the importance of understanding market language for effective trading across different asset classes.

In today’s OJ, Tom and Tony analyze current market conditions, highlighting mixed performance with the NASDAQ down 51 points and key stocks like Tesla (TSLA) and Apple (AAPL) showing minimal gains. The conversation then transitions into terminology crucial for traders, focusing on Ticks, PiPs, Handles, and BiPs, emphasizing the importance of understanding market language for effective trading across different asset classes.

In this segment of Confirm and Send, Tom and Tony discuss various trading strategies and market conditions. They clarify the difference between “buy the noise, sell the calm” and the advice to "never sell a dull market," emphasizing the importance of market context. The conversation also touches on scaling up trading size responsibly, guiding a young trader, and discussing expected returns from a cash-secured wheel strategy. They highlight the nuances of risk management in zero-day trades and the significance of implied volatility in decision-making.

In this segment of Confirm and Send, Tom and Tony discuss various trading strategies and market conditions. They clarify the difference between “buy the noise, sell the calm” and the advice to "never sell a dull market," emphasizing the importance of market context. The conversation also touches on scaling up trading size responsibly, guiding a young trader, and discussing expected returns from a cash-secured wheel strategy. They highlight the nuances of risk management in zero-day trades and the significance of implied volatility in decision-making.