Description
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Tom Sosnoff breaks down why financial advisor fees sitting at 60 basis points across $30 trillion in assets are about to get crushed by AI — and why that's a massive win for consumers. Scott Sheridan walks through the math on a potential 20% market meltdown in 2026 (spoiler: the options market puts it at 30%), plus how to actually position for downside risk without panicking. The show also gets into natural gas strangles, the pattern day trading rule update, staggered profit-taking mechanics, and whether AI will widen or shrink the executive pay gap. Callers Vince and Kirsten bring real questions on delta selection and decision-making instincts.
#lossdog #financialadvisor #optionstrading #naturalgas #stockmarket #careergrowth
TIMESTAMPS
0:00 Intro
0:15 Are financial advisors worth 1% in fees?
1:46 AI will crush advisory fees to 20-25 basis points
4:56 Do you even need an advisor? The empathy argument
6:44 What are the chances of a 20% market crash in 2026?
8:02 The delta math behind a 30% meltdown probability
8:40 How to trade downside risk with put spreads and covered calls
10:28 Caller Vince: straddle vs strangle on natural gas
15:49 Optimal delta for natural gas strangles
18:36 Most important skills for entrepreneurs from college
21:26 Preserving trading profits and the 40/40/20 allocation rule
25:03 Pattern day trading rule update and FINRA timeline
28:21 Staggered profit-taking and when to sell premium
30:03 Lossdog's mission to flip the script on AI risk
31:38 Managing risk at 65
33:08 Demographics poll and Tom's fashion roast
36:03 Explanation of potential assignment on /ES and /MES
40:01 Is there such a thing as a Fed put?
41:26 AI's impact on the RIA space and fee compression
42:41 Will AI widen the executive pay gap?
45:31 Selling a LEAP put to fund a LEAP call — does it work?
50:18 AI energy consumption and the electricity overproduction question
52:23 Caller Kirsten: interoception and trader decision-making
57:06 Market talk: Bitcoin, oil, gold, and a flat trading day
1:00:02 Dog Pound poll: Iran's Supreme Leader and food scene tangent
1:02:00 Cocoa market and why retail can't trade it
The conversation around advisory fees hits at a moment when the wealth management industry controls roughly $30 trillion in assets at an average cost of 60 basis points — and AI is threatening to compress that to a fraction of what it is today. At the same time, with VIX hovering just under 20 and options math pricing a 30% probability of touching a 20% drawdown this year, the question of how retail traders should position for risk has never been more practical. The pattern day trading rule, a relic that has restricted accounts under $25,000 for over two decades, is finally entering its final comment period with FINRA, potentially dropping the threshold to just $2,000. Meanwhile, the broader debate around AI and the labor market — from entry-level job displacement to executive pay gaps — is shifting from theoretical to urgent as AI agents start handling tasks once reserved for human professionals.
ABOUT ONE LUCKY DOG LIVE! / LOSSDOG
One Lucky Dog LIVE! is your daily wake-up call for career and financial clarity—streaming live Monday through Thursday, 10-11am ET. Hosts Tom Sosnoff and Scott Sheridan (the founders behind thinkorswim and tastytrade) along with co-host Sol bring decades of experience democratizing finance, now turning their attention to something just as broken: how we understand our professional worth.
Lossdog is the platform they're building to fix it. It's AI-powered software that...
Tom Sosnoff breaks down why financial advisor fees sitting at 60 basis points across $30 trillion in assets are about to get crushed by AI — and why that's a massive win for consumers. Scott Sheridan walks through the math on a potential 20% market meltdown in 2026 (spoiler: the options market puts it at 30%), plus how to actually position for downside risk without panicking. The show also gets into natural gas strangles, the pattern day trading rule update, staggered profit-taking mechanics, and whether AI will widen or shrink the executive pay gap. Callers Vince and Kirsten bring real questions on delta selection and decision-making instincts.
#lossdog #financialadvisor #optionstrading #naturalgas #stockmarket #careergrowth
TIMESTAMPS
0:00 Intro
0:15 Are financial advisors worth 1% in fees?
1:46 AI will crush advisory fees to 20-25 basis points
4:56 Do you even need an advisor? The empathy argument
6:44 What are the chances of a 20% market crash in 2026?
8:02 The delta math behind a 30% meltdown probability
8:40 How to trade downside risk with put spreads and covered calls
10:28 Caller Vince: straddle vs strangle on natural gas
15:49 Optimal delta for natural gas strangles
18:36 Most important skills for entrepreneurs from college
21:26 Preserving trading profits and the 40/40/20 allocation rule
25:03 Pattern day trading rule update and FINRA timeline
28:21 Staggered profit-taking and when to sell premium
30:03 Lossdog's mission to flip the script on AI risk
31:38 Managing risk at 65
33:08 Demographics poll and Tom's fashion roast
36:03 Explanation of potential assignment on /ES and /MES
40:01 Is there such a thing as a Fed put?
41:26 AI's impact on the RIA space and fee compression
42:41 Will AI widen the executive pay gap?
45:31 Selling a LEAP put to fund a LEAP call — does it work?
50:18 AI energy consumption and the electricity overproduction question
52:23 Caller Kirsten: interoception and trader decision-making
57:06 Market talk: Bitcoin, oil, gold, and a flat trading day
1:00:02 Dog Pound poll: Iran's Supreme Leader and food scene tangent
1:02:00 Cocoa market and why retail can't trade it
The conversation around advisory fees hits at a moment when the wealth management industry controls roughly $30 trillion in assets at an average cost of 60 basis points — and AI is threatening to compress that to a fraction of what it is today. At the same time, with VIX hovering just under 20 and options math pricing a 30% probability of touching a 20% drawdown this year, the question of how retail traders should position for risk has never been more practical. The pattern day trading rule, a relic that has restricted accounts under $25,000 for over two decades, is finally entering its final comment period with FINRA, potentially dropping the threshold to just $2,000. Meanwhile, the broader debate around AI and the labor market — from entry-level job displacement to executive pay gaps — is shifting from theoretical to urgent as AI agents start handling tasks once reserved for human professionals.
ABOUT ONE LUCKY DOG LIVE! / LOSSDOG
One Lucky Dog LIVE! is your daily wake-up call for career and financial clarity—streaming live Monday through Thursday, 10-11am ET. Hosts Tom Sosnoff and Scott Sheridan (the founders behind thinkorswim and tastytrade) along with co-host Sol bring decades of experience democratizing finance, now turning their attention to something just as broken: how we understand our professional worth.
Lossdog is the platform they're building to fix it. It's AI-powered software that...
