Market WineDown Ep. 24 | Oct 29, 2026 — Extended-Hours Options, Single-Stock Futures and Prediction Markets Episode aired: Oct 29, 2026 | Runtime: ~39 minutes | Hosts: Kevin “Lex” Luthringshausen & Mark Phillips | Guest: David Ross Cleaver, Tradier Note: the episode is listed on YouTube as “The Fed Has Spoken: Now What?”, but the Fed decision isn’t discussed. This summary reflects the episode as recorded. Fresh from a get-together in Chicago, Lex and Mark use this WineDown to cover three new ways to trade: longer options hours, single-stock futures and prediction markets. The opening bell covers extended hours. Since October 19, options on about 24 large stocks — names like Apple, Nvidia, Tesla, Amazon and Microsoft — and five ETFs (SPY, QQQ, IWM, GLD and XLF) trade from 7:30 a.m. to 4:30 p.m. Eastern, making the trading day about 25% longer. There’s a short pause just before the regular open, and Mark explains why: so much “market plumbing” — opening and closing auctions, clearing, margin checks — depends on a defined open and close. Even a 24-hour market will need a closing price to mark accounts and process expirations and assignments. For retail traders, the benefit is obvious: you can react earlier. The risk is liquidity. Prices outside regular hours may be thinner, so Lex advises keeping most decisions to regular hours, especially early on, and checking “synthetics” — whether call, put and stock prices line up. They also wonder when companies will release earnings now; Lex recalls a company once reporting three minutes before the close and the chaos it caused, and suggests a short halt after earnings might make sense. On the guest floor, David Ross Cleaver, who handles futures risk at Tradier, talks about the excitement around single-stock futures and nano contracts. Single-stock futures are cash-settled, expire monthly, and offer intraday leverage of roughly 10:1 to 40:1 depending on the product. Mark notes they behave like the stock but carry dividend and interest-rate differences, so they’re not a perfect hedge. Volume is still building and most users are retail. David also previews Tradier’s planned prediction markets: mobile-only at first, starting with economic, political and sports contracts, without combos or perpetual contracts. He argues they differ from betting because investors can manage positions and use them as hedges — for example, around words a CEO might say on an earnings call. Lex likes that a contract priced at 75 cents is easy for newcomers to understand. The show wraps with a speed round, a Sonoma Coast rosé for Lex and a Barbaresco for Mark, congratulations to PeakBot for ringing an opening bell, and a plug for the Smart Options Trader newsletter. Key takeaways: – Options on 24 stocks and five ETFs now trade 7:30 a.m.–4:30 p.m. ET. – Liquidity outside regular hours may be thinner; check prices carefully. – Single-stock futures are cash-settled and highly leveraged intraday. – Prediction markets are coming to Tradier, mobile-first. This episode is educational and not a recommendation. |
