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. 7 | Live from St. Barts: DRC Wine Cellar & PDT Rule Change Day
Lex broadcasts from Gustavia harbor in St. Barts on Day One of the PDT rule change. The episode covers the Domaine de la Romanée-Conti wine cellar at Eden Rock hotel and what retail access means for zero-DTE strategies going forward.
Market WineDown Ep. 2 | VIX Hits 36, TACO Pays & Skew Explained
The TACO trade from Ep 1 paid off as VIX spiked to 36. Lex and Mark walk through what happened, explain options skew in plain language, and discuss how experienced traders think about vol events differently from the crowd.
Market WineDown Ep. 1 | Iron Condors, the TACO Trade & Stop-Loss Strategy
Former CBOE market makers Lex Gauzen and Mark Phillips launch the show with a core question: when should you use a stop-loss? The TACO trade framework, iron condors for income, and why professional floor traders think about risk differently than retail.
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.