In Tuesday's volatile session, markets reversed sharply higher with the S&P 500, NASDAQ and Dow all jumping 2.5-3%. Traders emphasized the importance of taking quick profits in the current high-volatility environment, with the VIX around 30. Both hosts closed Nike positions opened just one day earlier, demonstrating the benefits of nimble trading in markets experiencing 150-point intraday ranges. They discussed upcoming earnings including Tesla, Google and Microsoft, with Tesla expected to move 10% through earnings. Traders noted the appeal of iron calendars and diagonal spreads for Tesla's earnings, providing exposure to volatility crush while managing directional risk. For AMD, hosts considered put strategies ahead of May 6th earnings. Gold reversed early gains, creating potential opportunities in FCX, HG and related metals markets, while Bitcoin continued strengthening alongside the broader risk-on sentiment.

In Tuesday's volatile session, markets reversed sharply higher with the S&P 500, NASDAQ and Dow all jumping 2.5-3%. Traders emphasized the importance of taking quick profits in the current high-volatility environment, with the VIX around 30. Both hosts closed Nike positions opened just one day earlier, demonstrating the benefits of nimble trading in markets experiencing 150-point intraday ranges. They discussed upcoming earnings including Tesla, Google and Microsoft, with Tesla expected to move 10% through earnings. Traders noted the appeal of iron calendars and diagonal spreads for Tesla's earnings, providing exposure to volatility crush while managing directional risk. For AMD, hosts considered put strategies ahead of May 6th earnings. Gold reversed early gains, creating potential opportunities in FCX, HG and related metals markets, while Bitcoin continued strengthening alongside the broader risk-on sentiment.