Weekend Trading Update | Performance and What's Coming
Steve Gans' weekend update on April 26 2026 highlights an extraordinary rally, with the S&P 500 climbing roughly 14 percent in just 18 days and the Nasdaq‑linked QQQ jumping about 20 percent over the same span. Gans attributes the surge primarily to three factors: a perceived dovish stance from a forthcoming Federal Reserve chair, strong AI‑related earnings expectations, and, to a lesser extent, the ebb‑and‑flow of Iran tensions. Volume has remained solid across the indexes, while volatility, though lower than the peak, stays above historic lows. He notes the QQQ’s move as the fastest transition from oversold to overbought on record, and points out that gold (GLD) is neither rallying nor collapsing, indicating investors are not fleeing to safe‑haven assets. Gans also reviews his “fly‑diagonal” delta‑neutral strategy, which still boasts a 94 % win rate despite a recent losing streak. The takeaway for traders is to stay cautiously bullish, monitor AI earnings reports and Fed leadership signals, and be prepared to adjust range‑bound strategies as the market tests the limits of its current rally.
Market Technical Update: Charts Don't Lie
The weekend technical briefing focused on a news‑driven swing in the equity markets, highlighting the S&P 500’s sharp decline earlier in the week followed by a rapid rebound into the 6,580‑6,600 resistance zone. The host emphasized that while the rally appeared...
GLD Trade Update: Fixing Downside Risk Fast
In this brief update, the trader reviews a GLD iron condor position that was initially structured with a skewed payoff—limited upside loss but significant downside exposure. Gold has rebounded to around $400, lifting the trade about 12% in value. To tighten...
GLD Bullish Spread | The Setup Everyone's Missing
Steve Gans walks options traders through a bullish GLD setup, proposing a broken‑wing iron condor that leverages recent price stabilization around the $400 level. He begins by noting GLD’s apparent support near 400 and outlines a basic 404‑395 put spread,...
0 DTE Options Trading What Is It
The video explains zero‑days‑to‑expiration (zero‑DTE) options, which now account for the majority of S&P options trading—projected at 59 % of volume by 2025—and describes how daily expirations evolved from monthly contracts to today’s every‑day schedule. Gans details the mechanics: a net credit...
GLD BWB Trade Look In
Steve Gans provides an update on the GLD broken‑wing butterfly he initiated on February 23, when gold was near $480. He explains that the trade’s upside wing is broken, meaning any price surge above the strike cannot generate a loss,...
ALGN Poor Man’s Covered Call Explained
In the video, options trader Steve Gans walks through a “poor man’s covered call” on Align Technology (ALGN), showing how he layered short calls against an existing long‑call position to generate extra premium. Gans originally bought long calls when ALGN was...