Tom Sosnoff and Tony Battista begin with a brief market update, noting declines in the S&P and Nasdaq, and slight volatility. The hosts reveal plans for upcoming events in various cities, emphasizing the educational content to build and manage complex portfolios. They delve into the essence of using the VIX (Volatility Index) and VIX one day for trade decisions, explaining that while both tend to overstate moves, the VIX one day shows a greater expectancy of outside range moves, providing a nuanced strategy for strike placements. Sosnoff and Battista conclude that both indices are useful but suggest different approaches to managing trade expectations and potential risk, offering insights valuable to traders looking for nuanced market strategies.