Markets digested Nvidia's (NVDA) post-earnings move, with the E-mini S&P 500 (ES) trading near session highs around 6,970. Volatility (VIX) slid to the 19–20 range. Bitcoin traded above $70,000 before pulling back to $68,200, while crude oil dropped amid a large EIA inventory build. The gold-silver ratio (/MGC vs. /SIL) sits near 59 — mid-range, no trade signal yet.
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The discussion covered zero-DTE strategies, cautioning that doubling down on losing positions is capital-intensive and better suited for larger accounts executing volatility-based scalping across a full-day position — not individual entries.
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On post-earnings trades, low IV rank in NVDA makes new short-premium plays less attractive. High IV rank with a residual vol bid post-earnings is the preferred setup. Skewed strangles and iron condors were addressed as directional tools or ways to exploit call/put skew for delta-neutral positioning.