What's Your Assumption? - October 1, 2025 - Live Trading: Seven Trades Executed on Government Shutdown Day

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Hosts Nick and Tom conducted a live trading session on the first day of the government shutdown, executing seven viewer-suggested trades despite modest market weakness. The standout trades included an eBay November-December diagonal spread at $2.38 (utilizing 3-point vol differential), a BE October 85-100 call ratio spread Tom had entered yesterday for $0.65 credit (now worth $1.30), and an Oakland "bat wings" trade doing 10-point wide put ratio and 30-point wide call ratio for $1.65 credit. Additional fills included Snowflake iron condor for market neutrality, ETHA covered call capitalizing on significant call skew, and Oracle 20-point wide November iron condor at $5.17. The session emphasized identifying high implied volatility opportunities and using ratio spreads to exploit call skew in momentum stocks, while passing on trades with poor liquidity (RSI) or after significant intraday moves (MRNA up 6.5%). Nick demonstrated solid execution getting fills at or near mid-market prices across multiple complex multi-leg structures.