The bottom isn't in yet

February 07, 2026   |   Read Online Brandon here. My inbox has been blowing up with one question: "Is this the bottom?" According to my volatility framework — not yet. Yes, we saw a sharp rally yesterday as traders rushed to buy the tech dip. But before the opening bell even rang, I was already seeing signals that didn't line up with a true bottom. Here's the big tell from this week: More than 100,000 options contracts slammed into XLP — the consumer staples ETF. That's where capital hides when fear creeps in. So why would institutional money pile into puts on defensive stocks? Because they're positioning for something most traders aren't watching. This Monday at 2PM ET, I'm going live for a Squeeze Traps training where I'll break down exactly what I'm seeing, including: • The signal I wait for before buying risk • Why volatility says the danger isn't over yet • What options flow reveals that price alone can't • How to identify squeeze setups before they explode 👉 Click here to register for Monday at 2PM ET I've been repeating this all week: this isn't capitulation — it's rotation. The real money gets made after the washout. I'll show you the precise confirmation I need before putting capital to work. See you Monday, Brandon Chapman P.S. Cash is a position — but timing deployment is everything. Register here to learn the signal I use to know when it's time.   Update your email preferences or unsubscribe here © 2026 Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA|SIPC|NFA-member firm. TheoTrade does not provide investment or financial advice or make investment recommendations. TheoTrade is not in the business of transacting trades, nor does TheoTrade agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment.Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past Performance is not necessarily indicative of future results. 16427 N. Scottsdale Rd. Ste. 410 Scottsdale, AZ 85254 Scottsdale , Arizona 85254, United States Powered by beehiiv Terms of Service