Most options traders wing LEAPS and get crushed by theta. I treat them like core equity positions. Before I touch an option chain, I run every setup through a strict 5-step checklist. Here is the exact framework 🧵👇

There it is 10Y dropped below 5% 10-year Treasuries were being bid up sharply today, but the yield move alone doesn’t tell us how many billions investors bought FYI that is rotation out of equities

Calls to Puts Ratio Don’t forget to subscribe to the Edge Report link in bio it’s free .

EDGE REPORT | PRE MARKET Risk-off Thursday: Nasdaq futures down nearly 2%, VIX rising, oil surging. AI capex fears meet geopolitical risk. Watch the open—confirmation before conviction. #TheEdgeReport

Which financial network to you watch

Keep an eye on $HYG high yield corporate bonds ( junk bonds) it’s catching a small bid . When $HYG goes up small caps usually follow Price is above VWAP at $76.96. RSI is around 62.7 MACD is above its signal line with a positive histogram.

Credit spread = sell an option, buy a cheaper one further out. Your max loss is known before you click. That's the whole appeal. Do you trade credit spreads ?

THE EDGE REPORT | PRE-MARKET Nasdaq futures lead the rebound Oil near $100 remains a headwind VIX around 17.4 relatively contained Watch semis, breadth & tonight’s mega-cap earnings NQ needs to hold its gains, semiconductors must confirm, and breadth needs to expand.

Something new I am trying post market wrap up. Not only how the market did , but what to pay attention ( homework) for tomorrow. Just trying to bring more value Let me know if you like or don’t like it

@Compound_Kid_ you were asking about LEAPS here you go . It’s one of my favorite options trades

My theory why AI is being made cheap for consumers with @Vance_Roberts5 make sure to check out podcast out every Saturday at 7am CST/8am on Substack

Time decay is rent. Buy options and you pay it every day. Sell options and you collect it. Pick which side of the rent check you want to be on. Do you sell puts or calls in your portfolio? If not why ?

Iron Condor You sell an out-of-the-money call spread AND put spread, collecting premium upfront. 🎯 You profit if the stock stays within a range. ⚠️ Max profit is limited. Risk is defined Time decay is your friend—big moves aren’t. Have you traded an iron condors?

📊 THE EDGE REPORT | PRE-MARKET 📉 Nasdaq futures lag as ES slips 🛢️ Oil tops $100 amid geopolitical risk ⚡ VIX edges higher near 18.7 🔄 Growth rebounds, but breadth remains narrow Today’s bias:Mixed-to-range with a mild risk-off lean. What is on your radar today

$SPY finsihed green but still below its 10,20,50 EMA and below its 200 SMA Custom chart with live SPDR Sector movment Sector Leaders today $XLY, $XLK, $XLB

Taking with @Vance_Roberts5 on the idea rates could get cut in the spring Thoughts 👇

Bought a put as a hedge and the market went up? That's not a loss. That's insurance you didn't need. Nobody's mad their house didn't burn down. Do you use protective puts ?