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. 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.
Market WineDown Ep. 11 — AI Meets Options, Earnings Trades & Backtesting Strategies
Lex and Mark open with SpaceX's post-lockup order flow before Lex walks through a UnitedHealth earnings double diagonal that paid off same-day. Guest Puya Tagal of Financial AI demos a platform that builds, backtests, and automates options strategies in plain language, including a live Nvidia earnings-straddle backtest.
Market WineDown Ep. 3 | Picking Direction, Unusual Activity & Retail vs. Pro
Does retail unusual options activity actually predict moves? Lex and Mark debate the merits and limits of following unusual flow, how they approach directional decisions, and what separates retail pattern-matching from professional position-sizing.
Market WineDown Ep. 6 | Zero-DTE with Logan Lajiness & Section 1256 Tax Strategy
Guest Logan Lajiness joins to explain his zero-DTE SPX spread strategy — delta selection, exit logic, and the 60/40 Section 1256 tax treatment that makes index options uniquely tax-efficient. Plus: what a 50% annual benchmark actually means.
Market WineDown Ep. 5 | Market Maker Misconceptions & Dealer Positioning Overrated
GEX, dealer gamma, and market maker positioning have become retail obsessions. Lex and Mark push back: dealer positioning is one input among many, frequently overrated by retail traders looking for a mechanical edge that doesn't exist.
Market WineDown Ep. 4 | Positive Vol-Spot Correlation & the Avis Budget Squeeze
Positive vol-spot correlation — when stocks rise and vol rises with them — signals something unusual. Lex and Mark unpack the mechanics using Avis Budget (CAR) as a live example of a short squeeze playing out in real time.
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.
Options Playbook Ep. 474 | Exploring #MRVL
Marvell sold off after raising its outlook through 2028, just as Micron did. Brian Overby adds a Marvell bull put spread to his Micron trade, explains why he wants a third of the width in credit, eyes Adobe as a bottom-fishing play, and plans the next CVX roll.
Options Playbook Ep. 474 | Exploring #AMAT and #MU
Micron's 'muted but awesome' earnings left the stock stuck near $1,067. Brian Overby reviews his earnings butterflies, then goes back to the well with a 25-day Micron bull put spread, explaining strike choice, a third of the width in credit, and when to take profits or cut losses.
Trade Pulse Ep. 68 | Intraday Order Flow Trends & Analysis
On a down day for the market, Jim Batches uses Trade Pulse's Sector Flows to find where buyers are, drilling into energy and Marathon, where steady retail momentum and rising institutional flow lined up with a 5% gain.
Trading Live With Bubba Ep. 343 | Oct 6, 2026 — Dull Markets Drift Higher: Four Credit Spreads and No Forced Trades
With the S&P and Nasdaq at new highs on thin volume, Bubba explains why dull markets drift higher, skips day trades with no edge, and sells four short-dated credit spreads in Microsoft, SpaceX, SPY and XBI while staying a seller of crude and bonds on rallies.
Trading Live With Bubba Ep. 344 | Crude Short, a Spread Add-On, and Patience in a Thin Market
Bubba shorts crude oil and banks a profit, cashes three of four credit spreads, and adds an XBI put spread to offset a likely loser, while warning that rising rates could bring a sell-off and that there's no reason to short a slow, drifting market yet.
Market WineDown Ep. 21 | Payment For Order Flow: Why It May Actually Help Retail Traders
Lex and Mark Phillips swap the Thursday WineDown for a Wednesday morning session: a calm VIX at record highs, what to watch this earnings season, narrow Mag 7 breadth, and why payment for order flow, despite its bad name, gives retail traders better prices.
AskLex Ep. 06 | Would You Trust a Signal You Could Actually See? — Sahil Jain, RavenEdge
RavenEdge founder Sahil Jain demos his options analytics platform with Lex: daily AI briefs, gamma exposure, call and put walls, and Edge Trade, which sends pre-set OCO orders straight to your Tradier account. Plus Q&A on spreads, signal frequency, pricing and the Tradier offer.
Traders Edge Ep. 165 — Bianco Turns Bullish On Treasuries – Cats And Dogs Living
Jim Bianco joins Jim Iuorio and Bob Iaccino to explain why he is buying Treasuries for the first time in six years, why he thinks inflation is stuck near 3%, why 5% rates fit a 5% economy, and why commodities may be the better risk asset now.
Fundamental Fridays Ep. 26 —A Trade In Amazon: Starting the Wheel
Micron crushed earnings, but at roughly $1,000 a share, owning 100 shares is out of reach for most traders. Brian Overby shows how a long call spread gets you a collar-like position for about 1.7% of the stock price, with almost no time value to pay.