84 Million Option Contracts Traded in Complete Silence
Don Kaufman here. Last Thursday, we traded over 84 million option contracts. The average is 58 million. Nothing happened in the market that day. Nobody in the industry can explain why. Let me paint the picture: Wednesday, Thursday, and Friday of last week were some of the quietest trading sessions I've seen. If the market's…
84M Contracts Traded & Market Acts Like Nothing Happened (WARNING)
🚨 Something's seriously wrong with this market. The Fed cut rates yesterday... and interest rates went HIGHER. 84 million option contracts traded today - a NEW RECORD - and the market barely flinched. Meanwhile, volatility futures finished higher while the S&P hit new highs. Dogs and cats living together, people. After 15 years at thinkorswim…
The Win Rate Question That Makes Me See Red
Don Kaufman here Someone asked me my win rate on a webcast yesterday and I turned red. Seriously. Like, I get so pissed at that question it's almost as bad as when somebody says "quadruple witching." My blood pressure spikes and I want to reach through the screen. You know why that question makes me…
LARGEST GAMMA RISK IN MARKET HISTORY HITS THIS WEEK - Here's What's Coming
Fed cut 25 basis points. Market's unchanged for the week. Everyone thinks the risk is over. They're wrong. We're sitting on TRILLIONS in options expiring Friday - the largest expiration in market history happening during a Fed week. The market had a $94 expected move, we haven't moved, and they're STILL pricing in $74 of…
Triple Witch & the $1 Trillion Wave
We're staring down what appears to be the single largest options expiration in the history of the business… …A multi-trillion dollar expiration cycle that's about to dislocate the entire marketplace. Yes, it’s time for triple witching again! What’s that you say? You’ve lived through triple witching before? Not like this, you haven’t. The September SPX…
Market Internals are Slipping but AI Keeps Ripping!
Don here... Institutional money just made their loudest volatility bet in months. Most traders won't even see it coming. What has me on high alert? The VVIX (volatility of volatility) just surged nearly 10% today! Over 1 million VIX contracts traded today (extreme volume) Heavy call buying in VIX options across the board Market internals…
RARE Market Signal Just Triggered
You know that feeling when you walk into a room and everyone stops talking? That's exactly what happened in the market today. And most traders are still standing there wondering what they missed. Everyone was glued to the jobs number today. Yet, something far more dangerous just unfolded. We hit both the upper and lower…
Welcome to September - Here Comes the Volatility
Don here... I just finished our Friday session, and I've got to tell you…something big is shifting right under everyone's nose. While most traders were celebrating another week of "massively unchanged" action in the S&P, I was watching something that made my skin crawl as a professional trader. The VVIX just rose from the ashes.…
Live Reaction: Nvidia Earnings Miss Just Cost Markets $300 Billion
Watch Don Kaufman's real-time reaction as Nvidia earnings drop and instantly wipe $300 billion in market cap—equivalent to Boeing's entire value. Don breaks down the mind-blowing math: a $12 move in NVDA equals 288 billion in market shifts for this $4.4 trillion monster. What makes this fascinating: Don reveals why he's completely ignoring the actual…
NVIDIA Earnings Could Break Everything
Don Kaufman breaks down why Friday's 100-point S&P rally was basically "massively unchanged" for the week—and why that should terrify you. The market might be flirting with all-time highs, but Don spotted something that has him buying volatility heading into next week: Meta got "the living crap kicked out of it" this week The NASDAQ…