Brent Kochuba Says Friday's Jobs Report Is the One That Matters

Brent Kochuba of SpotGamma walks into a week stuffed with data, GDP, core PCE, Micron earnings, ISM, and the jobs report Friday, and points out something the headlines miss: the options market is pricing the most event volatility into non-farm payrolls, not the inflation prints everyone is watching. The term structure for the Nasdaq is elevated over the next couple of days, but Friday's jobs number is where the real expected move sits. 📊 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 Traveling, charts and audio 00:27 The big 0DTE positions today 01:01 The one-by-three-by-two he likes 02:02 A week stuffed with data 02:27 Jobs prices the most vol 02:51 The oil controls rates chart 04:00 Rates control the S&P 05:30 Reading the term structure 07:00 What breaks the range 08:30 Where the risk really sits #tastylive #spotgamma #gammaguy #nonfarmpayrolls #eventvolatility #0dte #termstructure #oil #optionstrading #stockmarket 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.