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Confirm and Send: 10 Trading Concepts Tom Sosnoff Will Never Abandon - May 29, 2025 | Confirm and Send
The market showed significant movement overnight with S&P futures up 48 points (under 1%), less than their overnight highs. Nasdaq gained 283 points while volatility flirted with dipping below 19. NVIDIA (NVDA), a key market mover, traded up $14...
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      Market Data provided by CME Group & powered by dxFeed Technology. Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.
      Confirm and Send

      Confirm and Send: 10 Trading Concepts Tom Sosnoff Will Never Abandon

      May 29, 2025
      The market showed significant movement overnight with S&P futures up 48 points (under 1%), less than their overnight highs. Nasdaq gained 283 points while volatility flirted with dipping below 19. NVIDIA (NVDA), a key market mover, traded up $142 after being significantly higher, while Salesforce (CRM) reversed from positive to negative territory post-earnings. In the Q&A segment, Tom and Tony addressed several trading concepts. He clarified that poor man's covered puts work best for bearish outlooks, while covered calls suit bullish scenarios. When selecting stocks, he prioritizes high IV rank and liquidity above all else, typically looking for price extremes for directional trades. Regarding economic policy, Sosnoff explained the Fed's role during crises is primarily to stabilize markets, which can include buying bonds. On expiring options positions, he recommended different approaches for near-term versus longer-dated contracts, suggesting traders consider timeframes carefully when managing positions.

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