Traders Beware! Avoid Big Events Like the Fed and Do This Instead, Says Market Veteran Chris Brecher

Chris Brecher spent 43 years being the house. Eight years in the IBM pit at CBOE. Never bet on earnings direction once. Not one time in 96 months. Because the success rate betting on earnings direction is about 20 percent. That is the gambler, not the house. Since the PDT rule ended retail traders are more active intraday and creating situations where options on parabolic stocks like SanDisk and Micron are way out of whack. SanDisk at $2,000 with the $2,500 calls trading at 85 cents with one day to go when last week 300 points out of the money were 5 cents. That is the edge. Sell it, flip it during the day, do not hold overnight risk. Get aggressive the first hour, be flat before the Fed. His market top framework: watch world markets for divergences, watch the bond market first, wait for the trend line with at least three points of contact. The setup may not develop until September or October. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 0:00 43 years trading, 8 years in the IBM pit at CBOE 0:48 How the end of the PDT rule created new edge 1:03 SanDisk 2500 calls: selling 85 cents that should be 5 cents 2:10 How to identify and execute these trades 2:45 Why you flip them intraday and never hold overnight 3:16 Old trader trick: stock closes on low opens up tests low 4:09 FOMC events: why Chris goes flat and waits 4:30 Never bet on earnings direction in 43 years of trading 6:26 S&P 500 top analysis: what to watch for 10:30 The hook pattern plus trend line framework 14:30 Watch world markets and bond market for divergences 17:00 The setup may take until September or October to develop #ChrisBrecher #OptionsTrading #CBOEMarketMaker #tastylive #TradingTrends #PDTRule #SanDisk #OptionsEdge tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.