Market Wine Down is designed to help traders unwind after the bell while making sense of the markets “without the noise.”
Market Wine Down is designed to help traders unwind after the bell while making sense of the markets “without the noise.”
Thursdays
at
3:00pm CT
Market WineDown Ep. 19 | Anthropic’s $2 Trillion IPO, Its ‘Catastrophic Risk’ Disclosure & How Short Selling Works
In Episode 19, Anthropic’s leaked S1 filing points to a roughly $2 trillion IPO valuation — while warning investors its own AI poses ‘catastrophic or existential risks to humanity.’ Lex and Mark unpack the doomerism debate, then break down hard-to-borrow stock and short selling mechanics using Anthropic’s tight IPO float as the hook.
Market WineDown Ep. 18 | AI Mania: Opportunity Or Overhype?
Hosts unpack the AI trade after the US-China summit and Meta's AI app overtaking ChatGPT, cover MEMX's new MX2 exchange and its unusual maker-taker fee model, then wind down with a Burgundy and Napa Merlot tasting.
Market WineDown Ep. 16 | Trading Smarter With PeakBot
With oil above $100 a barrel, Lex and Mark structure a defined-risk broken wing butterfly in USO, then talk with Peakbot's Ben Kabelka about Trade Link, a new tool that copies one trader's signals across up to 150 linked prop accounts.
Market WineDown Ep. 14 — Dark Pools Explained: What Really Happens Behind the Market?
Mark demystifies dark pools — regulated, decades-old, and now nearly half of equity volume — and pushes back on the idea they hide directional signals. Guest Scott Clark of Trade Stewart walks through an automated options trading platform, plus a new sponsorship giving Tradier Pro Plus customers free access to it.
Market WineDown Ep. 13 – Moderna Explodes: What Did The Options Market Know?
MRNA jumps 177% on strong melanoma trial data, and Lex and Mark check the options tape for signs anyone saw it coming (they find little). A skew lesson follows, along with a new Schoolhouse Rock segment breaking down box spreads — including how one trader misjudged an order because he forgot to price in interest rates.
Market WineDown Ep. 12 — Buying Volatility, Finding Options Edge & The Power of Collars
Mark and Lex break down why collars are having a moment on richly valued, high-volatility names, with a nod to Mark Cuban's famous Yahoo collar. Guest Chris Roland, a former actuary turned full-time options trader, discusses buying premium over selling it, disciplined position sizing across 30 to 70 trades, and having no clean exit formula.
Host of The Brew
Kevin “Lex” Luthringshausen is an options trading veteran and longtime Napa Cab enthusiast. He began his career in the trading pits of the Cboe in 1987, spending more than three decades navigating markets, volatility, and the occasional market crash. Today, he serves as SVP of Strategic Partnerships and Chief Content Officer at Tradier, where he makes the options world a little easier to understand. When he’s not breaking down an options trade or strategy, he’s likely opening something special from his cellar.
Options Expert
Mark Phillips is an options trader and grape juice expert. He started his career on the floor of the AMEX with Group One Trading and currently splits his time between managing wine lists and volatility analytics at TheTape.Report. With a focus on all things liquidity, he is a student of market structure and also pursuing his WSET Diploma. His varietal of choice is pinot noir.
Market WineDown Ep. 19 | Anthropic’s $2 Trillion IPO, Its ‘Catastrophic Risk’ Disclosure & How Short Selling Works
In Episode 19, Anthropic’s leaked S1 filing points to a roughly $2 trillion IPO valuation — while warning investors its own AI poses ‘catastrophic or existential risks to humanity.’ Lex and Mark unpack the doomerism debate, then break down hard-to-borrow stock and short selling mechanics using Anthropic’s tight IPO float as the hook.
Ep87 – What’s the Best Market for Trading the Wheel? (You’ll Be Surprised!)
Market Taker Mentoring provides options trading education and training for traders of all experience levels worldwide.
ORATS – Driven By Data Ep. 151 — Reading Large Option Trades With Time & Sales
Tyler and Matt tour the ORATS Time & Sales tab, which groups raw option prints into named strategies with edge versus mid and theoretical value. They find an $11M PSKY put trade in the Largest Trades view, ask Otto for context, and show the new Time & Sales API.
Power Hour 9.28.26 | Goodbye, Pattern Day Trader Rule!
Rob reviews a $4,400 week in Power Option Plays, teaches a candle-by-candle 'who's in control' read on the S&P 500, explains why you should filter by option price instead of stock price, and lays out how to trade a new reality of rising interest rates.
The Lux Factor Ep. 03 | The Smart Option Seller: Lee Lowell on Why Put Selling Beats Buying Every Time — Lee Lowell, Smart Option Seller
Lex sits down with former NYMEX floor trader Lee Lowell of Smart Option Seller to break down why selling puts beats buying options — and the simple rules behind it: strikes 20% below the stock, about 60 days to expiration, an 80% profit-taking rule, and smart rolling.
Ep86 – Tracking Option Wheel Trade Results
Market Taker Mentoring provides options trading education and training for traders of all experience levels worldwide.
Options Playbook Ep. 471 | Exploring #COST
Ahead of Costco's earnings report, Brian Overby builds a skip-strike butterfly designed to bring in a net credit either way it resolves, then details an open-wing butterfly getting long oil through USO after a pullback.
Options Playbook Ep. 470 | Exploring #SPX
Brian Overby reviews a long VIX position ahead of a light earnings week, then builds a Micron bull put spread two ways — a tight 10-point version and a wider 20-point skip-strike-butterfly alternative — around a fresh chart breakout.
Trade Pulse Ep. 66 | Trading Insights Powered by Order Flow
Jim Batchelder demos Trade Pulse's Top Flows feature, ranking the 30 stocks showing the most sustained institutional and retail buying pressure in real time, with Meta as this session's standout example.