A 46-Year CBOE Floor Trader Tells You the One Thing He Watches After Every Headline

Options trading and market wisdom: Chris Brecher traded the IBM pit at the CBOE for years (nickname: Tinkerbell, badge: KRS) and has been in markets for 46 years. His core principle still holds: react to how markets respond to events, not the events themselves. When Iran flared up and the market shrugged, that muted reaction was the signal to get bullish. He also breaks down midterm election patterns: 11 of 18 since 1950 sold off between May and October, but 100% of the time the market rallied after the midterms. The average drawdown when bonds sell off is 7 to 8%, and the move typically starts in late August during buyback blackouts. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 Chris Brecher joins: the old IBM pit is now the SPX pit 00:40 The floor nickname nobody told him about: Tinkerbell 01:24 A chart guy from the floor, an unusual combination 02:06 Combining fundamentals with charts for 46 years 02:37 React to how markets act to criteria, not the news 03:37 Iran flared up, the market shrugged, probably gonna rally 04:30 Midterm elections: 11 of 18 sell off May to October 05:17 But 100% of the time they rally after the midterms 05:31 Hedge funds want a quagmire, gridlock is good for markets 06:23 Bond market sells off, average drawdown 7 to 8% 06:27 Time it with charts and buyback blackouts in late August #tastylive #cboefloor #tradingveteran #midtermelections #technicalanalysis #optionstrading #marketwisdom #ibmpit #tastytrade tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.