Tom Sosnoff and Tony Battista discuss financial market updates and trading strategies. Key market movements include the Dow down 160 points, Nasdaq unchanged, and volatility rising slightly. Discussions focus on managing portfolio delta, highlighting the need for negative delta to mitigate volatility risks. The conversation also covers differences in expected move calculations across platforms and emphasizes consistency in trading strategies across asset classes. Finally, it touches on considerations for trading zero-day options and selective earnings trades based on risk tolerance.