September 5, 2026

Mike Shorr’s Live Q&A: Managing an Unexpected Rally

Mike Shorr sat down for another live Q&A with his trading room, this time fielding questions during a market rally that caught even him off guard. He walks through how he’s managing several open positions and what the gamma levels are telling him.

Mike covers:

  • His honest read on a market rally that started mid-morning with no clear catalyst
  • How long he typically holds his swing spreads, and why he doesn’t hold day positions overnight
  • The call he’s weighing on a Riot Platforms (RIOT) position testing resistance at its 50-day moving average
  • Which positions he’s already exited clean, and which ones are sitting at breakeven
  • What the market’s gamma levels are signaling now that a major resistance level has been cleared

Want to work with Mike? Get qualified in less than 2 minutes

about the author:

Mike Shorr

Since 1994, Michael has been an on-the-floor market maker, Vice-President of Interest Rate Derivatives for Knight Financial Products and Director of Education and Options Instructor at Trading Advantage. He makes the oftentimes complex world of options and trading accessible to the novice and advanced trader alike. Michael has a Bachelor of Science degree in Statistics and Finance from the University of Illinois Champaign-Urbana. He presently is Director, Trader Education at ProsperTradingAcademy.

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