1 00:00:00,040 --> 00:00:03,600 Speaker 1: An illegal alien from Guatemala charged with raping a child 2 00:00:03,680 --> 00:00:07,480 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 3 00:00:07,720 --> 00:00:11,840 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 4 00:00:11,920 --> 00:00:15,840 Speaker 1: filming and selling child pornography in Michigan. These are just 5 00:00:15,920 --> 00:00:19,680 Speaker 1: some of the heinous migrant criminals caught because of President 6 00:00:19,720 --> 00:00:23,320 Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States 7 00:00:23,320 --> 00:00:28,120 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 8 00:00:28,160 --> 00:00:31,680 Speaker 1: crossings are at the lowest levels ever recorded, and over 9 00:00:31,760 --> 00:00:34,960 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 10 00:00:35,040 --> 00:00:38,920 Speaker 1: are here illegally, your next you will be fined nearly 11 00:00:39,000 --> 00:00:43,000 Speaker 1: one thousand dollars a day, imprisoned, and deported. You will 12 00:00:43,040 --> 00:00:46,680 Speaker 1: never return. But if you register using our CBP home 13 00:00:46,720 --> 00:00:50,120 Speaker 1: app and leave now, you could be allowed to return legally. 14 00:00:50,479 --> 00:00:55,240 Speaker 1: Do what's right. Leave now. Under President Trump, America's laws, 15 00:00:55,400 --> 00:00:57,840 Speaker 1: border and families will be protected. 16 00:00:57,920 --> 00:01:00,920 Speaker 2: Sponsored by the United States Department of Homeland Security. We love, 17 00:01:03,360 --> 00:01:04,920 Speaker 2: We love, Yes, we are. 18 00:01:09,720 --> 00:01:10,560 Speaker 3: What's going on? 19 00:01:12,920 --> 00:01:13,360 Speaker 4: What up? 20 00:01:13,440 --> 00:01:13,840 Speaker 3: Y'all? 21 00:01:14,240 --> 00:01:17,600 Speaker 5: We go'st the team Man. 22 00:01:18,480 --> 00:01:20,720 Speaker 3: Years not over yet, There's still work to be done. 23 00:01:22,160 --> 00:01:25,679 Speaker 2: Still, recording is not in progress for those not in 24 00:01:25,720 --> 00:01:27,760 Speaker 2: the know, what's going on too? 25 00:01:27,840 --> 00:01:31,120 Speaker 5: What's up, earners, what's up? Let's gather around. 26 00:01:32,080 --> 00:01:33,440 Speaker 3: Still a lot of work to be done. 27 00:01:33,560 --> 00:01:34,559 Speaker 2: Let's have a sit down. 28 00:01:35,200 --> 00:01:36,280 Speaker 3: What's going on, y'all. 29 00:01:37,319 --> 00:01:43,920 Speaker 6: Hope everybody is doing well, getting ready to finish out 30 00:01:43,959 --> 00:01:47,480 Speaker 6: the years strong and getting ready for Make It Strong 31 00:01:48,520 --> 00:01:49,280 Speaker 6: twenty twenty two. 32 00:01:49,400 --> 00:01:50,320 Speaker 3: Very very important. 33 00:01:50,600 --> 00:01:52,360 Speaker 6: I hope you got a chance to check out all 34 00:01:52,400 --> 00:01:54,400 Speaker 6: the content that we've been putting out this week. We 35 00:01:54,480 --> 00:02:00,880 Speaker 6: had NonStop content and we're finishing up tomorrow. Actually with 36 00:02:01,120 --> 00:02:03,240 Speaker 6: our boy T, I shot the tip. 37 00:02:03,360 --> 00:02:08,080 Speaker 3: He lugged me in the Wi Fi to the yeah. 38 00:02:08,760 --> 00:02:11,639 Speaker 6: So but yeah, today is something that you know, if 39 00:02:11,680 --> 00:02:15,760 Speaker 6: we definitely definitely extremely extremely excited about something. 40 00:02:15,480 --> 00:02:20,720 Speaker 3: That said hi demand So you know, it's a it's 41 00:02:20,760 --> 00:02:21,040 Speaker 3: one to be. 42 00:02:21,120 --> 00:02:22,720 Speaker 6: It's gonna be one of those things that I'm sure 43 00:02:22,760 --> 00:02:24,840 Speaker 6: a lot of people will enjoy a lot of information 44 00:02:25,680 --> 00:02:30,160 Speaker 6: and a topic that is extremely relevant. So, yeah, we 45 00:02:30,440 --> 00:02:33,519 Speaker 6: ain't even gonna play around with this. It's Lawrence, Lawrence here, Lawrence. 46 00:02:33,560 --> 00:02:33,880 Speaker 2: What's up? 47 00:02:34,000 --> 00:02:39,000 Speaker 3: He's Lawrence? What's going on? Brother? 48 00:02:40,320 --> 00:02:41,079 Speaker 7: Hey, what's going on? 49 00:02:41,160 --> 00:02:41,440 Speaker 4: Guys? 50 00:02:41,560 --> 00:02:42,960 Speaker 2: How y'all doing my dog? 51 00:02:43,120 --> 00:02:43,480 Speaker 4: Everything? 52 00:02:43,600 --> 00:02:45,359 Speaker 3: Good? Man? Are you man? 53 00:02:45,400 --> 00:02:48,280 Speaker 7: I'm good? What's going on YouTube? We're up what's going. 54 00:02:48,080 --> 00:02:49,240 Speaker 4: On you yo? 55 00:02:49,360 --> 00:02:51,400 Speaker 2: For those not in the know, we're talking to the 56 00:02:51,440 --> 00:02:55,079 Speaker 2: young legend. The young legend you are, Lawrence Man. We 57 00:02:55,160 --> 00:02:58,440 Speaker 2: got some breaking news tonight. We had an amazing call yesterday. 58 00:02:58,480 --> 00:03:00,919 Speaker 2: We're gonna have an amazing night. I hope everybody got 59 00:03:00,919 --> 00:03:03,160 Speaker 2: their drive race board. I hope you got your penny 60 00:03:03,160 --> 00:03:06,160 Speaker 2: in your pad. If you had a chalk board, get 61 00:03:06,200 --> 00:03:09,000 Speaker 2: your chalk ready. We're gonna get into some things today. 62 00:03:09,120 --> 00:03:11,000 Speaker 2: This is for everybody. You know, we get to ask 63 00:03:11,040 --> 00:03:13,960 Speaker 2: that question all the time. Yeah, we invest in long 64 00:03:14,040 --> 00:03:17,720 Speaker 2: term stocks, but word option has been coming up at 65 00:03:17,760 --> 00:03:20,959 Speaker 2: a feverish pace. Like everywhere we go, everybody wants to 66 00:03:21,000 --> 00:03:24,520 Speaker 2: talk options, and a lot of people, you know, depending 67 00:03:24,560 --> 00:03:27,160 Speaker 2: on where they started following our journey, they might have 68 00:03:27,200 --> 00:03:29,400 Speaker 2: missed the beginning pieces of it. And so tonight we 69 00:03:29,480 --> 00:03:32,040 Speaker 2: just wanted to dedicate a moment in time, a moment 70 00:03:32,120 --> 00:03:36,080 Speaker 2: in history, to to touch everybody with the beginning learning 71 00:03:36,080 --> 00:03:39,520 Speaker 2: stages of options and what they are, and debunk some 72 00:03:39,640 --> 00:03:43,040 Speaker 2: myths and hopefully enlighten people with the information that they 73 00:03:43,040 --> 00:03:46,120 Speaker 2: can actually use and execute going forward. So that's what 74 00:03:46,160 --> 00:03:46,880 Speaker 2: we here tonight for. 75 00:03:47,320 --> 00:03:49,400 Speaker 6: Yeah, for sure, So we're not even gonna waste too 76 00:03:49,480 --> 00:03:51,920 Speaker 6: much time. We're gonna jump right into it. But as 77 00:03:51,960 --> 00:03:56,440 Speaker 6: Troy said, what this is the last Wednesday of every month, 78 00:03:56,920 --> 00:03:59,280 Speaker 6: we do what we call open Enrollment, which is an 79 00:03:59,320 --> 00:04:05,560 Speaker 6: EYL University class, but it's done on YouTube, so everybody 80 00:04:05,600 --> 00:04:10,080 Speaker 6: can and you know, enjoy and participate in it, and 81 00:04:10,120 --> 00:04:11,920 Speaker 6: it's a way it's like a window into what we 82 00:04:12,000 --> 00:04:15,920 Speaker 6: have gone for EYL University. So this this one, we 83 00:04:16,200 --> 00:04:18,039 Speaker 6: did it a week earlier than we usually do it 84 00:04:18,080 --> 00:04:20,320 Speaker 6: because obviously next week is the last week of the year, 85 00:04:20,360 --> 00:04:22,760 Speaker 6: so we're going to take next week off. But this 86 00:04:22,839 --> 00:04:24,880 Speaker 6: is something that you know, we have never really had, like, 87 00:04:24,960 --> 00:04:28,000 Speaker 6: you know, a whole class or a whole topic on 88 00:04:28,080 --> 00:04:31,560 Speaker 6: YouTube devoted to stock options. And as I posted on 89 00:04:31,600 --> 00:04:35,840 Speaker 6: Instagram today, stock options is a record breaking year, up 90 00:04:35,880 --> 00:04:39,520 Speaker 6: thirty five percent as far as trades from last year, 91 00:04:39,640 --> 00:04:41,120 Speaker 6: but still a lot of people still. 92 00:04:40,920 --> 00:04:41,680 Speaker 3: Are losing money. 93 00:04:41,880 --> 00:04:44,800 Speaker 6: So everybody's handing about options, and not a lot of 94 00:04:44,800 --> 00:04:47,960 Speaker 6: people are really fully educated on options. So what we're 95 00:04:47,960 --> 00:04:51,000 Speaker 6: gonna do today is kind of walk you through from 96 00:04:51,120 --> 00:04:53,720 Speaker 6: a basic level of like what a stock option is, 97 00:04:53,839 --> 00:04:56,240 Speaker 6: and how to invest in stock options, how to trade 98 00:04:56,240 --> 00:04:58,880 Speaker 6: stock options and then I guess it can go all 99 00:04:58,880 --> 00:05:00,960 Speaker 6: the way up to advance because and we're gonna talk 100 00:05:01,000 --> 00:05:04,680 Speaker 6: about we're going to answer questions as well live from 101 00:05:04,720 --> 00:05:09,320 Speaker 6: Eyo University. So yes, we have our professor for Eyo 102 00:05:09,480 --> 00:05:13,000 Speaker 6: University who has been gracious with his time and we 103 00:05:13,040 --> 00:05:15,480 Speaker 6: thank him for that. Lawrence, if you tuned into the 104 00:05:15,560 --> 00:05:17,479 Speaker 6: last one that he did on YouTube, which is on 105 00:05:17,600 --> 00:05:22,440 Speaker 6: cryptocurrency of you, yeah that was crazy. That went crazy. 106 00:05:22,520 --> 00:05:24,480 Speaker 6: So if you tuned in for that, you know you're 107 00:05:24,480 --> 00:05:27,680 Speaker 6: in for a treat tonight. And so yeah, we're gonna 108 00:05:27,720 --> 00:05:29,440 Speaker 6: jump right into it. But before we start, just wanting 109 00:05:29,480 --> 00:05:32,400 Speaker 6: to just let everybody know once again, this is a 110 00:05:32,480 --> 00:05:36,440 Speaker 6: part of eyl University and for part of Eyo University. 111 00:05:36,440 --> 00:05:38,880 Speaker 6: You know, we have sixteen infinity groups. So we have 112 00:05:38,920 --> 00:05:41,640 Speaker 6: a Crypto club, we have real estate Club, we have 113 00:05:41,680 --> 00:05:45,520 Speaker 6: an investment club, we have you know, a military club. 114 00:05:45,520 --> 00:05:47,720 Speaker 6: We have all kinds of different infinity groups that's led 115 00:05:47,760 --> 00:05:51,400 Speaker 6: by the students. We actually have break bread sessions with 116 00:05:51,520 --> 00:05:53,440 Speaker 6: MG the mortgage guy, which he talks about real estate 117 00:05:53,440 --> 00:05:55,520 Speaker 6: twice a month. I do financial planning calls. We have 118 00:05:55,560 --> 00:05:56,160 Speaker 6: a movie. 119 00:05:55,960 --> 00:05:58,640 Speaker 3: Club and a book club led by Troy. We have 120 00:05:58,680 --> 00:05:59,719 Speaker 3: a Facebook group. 121 00:06:00,640 --> 00:06:03,240 Speaker 6: We have weekly classes and those classes are archives, so 122 00:06:03,279 --> 00:06:06,600 Speaker 6: there's over two hundred past classes. It's like in encyclopedia. 123 00:06:06,720 --> 00:06:09,919 Speaker 6: So the best way to really describe it is like 124 00:06:09,960 --> 00:06:12,520 Speaker 6: earn you a lesion on steroids. And it's for people 125 00:06:12,520 --> 00:06:15,120 Speaker 6: that really want like a hands on you know, experience 126 00:06:15,640 --> 00:06:18,160 Speaker 6: and a hands on you know approach and be part 127 00:06:18,200 --> 00:06:21,520 Speaker 6: of a community. And it's growing at a rapid page. 128 00:06:21,560 --> 00:06:23,599 Speaker 6: Twelve thousand people in it right now. We got a 129 00:06:23,600 --> 00:06:25,440 Speaker 6: lot of stuff playing for twenty twenty two. We'll talk 130 00:06:25,440 --> 00:06:29,040 Speaker 6: about that later on breaking news. Yeah, physical events and 131 00:06:29,040 --> 00:06:31,760 Speaker 6: and a lot a lot of stuff. So if you're interested, 132 00:06:31,839 --> 00:06:34,520 Speaker 6: this is the last, like I said, class that will 133 00:06:34,560 --> 00:06:35,920 Speaker 6: do for the years. So we're doing the end of 134 00:06:35,960 --> 00:06:39,159 Speaker 6: the year sale sixty five percent off of the annual membership. 135 00:06:39,160 --> 00:06:41,880 Speaker 6: It's gonna be for twenty four hours. So if you're interested, 136 00:06:41,920 --> 00:06:44,680 Speaker 6: I'll put the link in the in the YouTube and 137 00:06:44,680 --> 00:06:46,120 Speaker 6: then we'll also put it in a description. 138 00:06:46,240 --> 00:06:47,680 Speaker 3: Like I said, we'll talk about that later on. 139 00:06:48,320 --> 00:06:51,720 Speaker 6: But yeah, without further ado, I want to, you know, 140 00:06:51,800 --> 00:06:54,040 Speaker 6: get this show on the road. So it's gonna be 141 00:06:54,120 --> 00:06:57,560 Speaker 6: Troy and Lawrence both gonna be talking. I'm gonna be 142 00:06:57,600 --> 00:07:00,240 Speaker 6: kind of just moderating the situation. But I know, you 143 00:07:00,240 --> 00:07:02,480 Speaker 6: guys put together a presentation, so I'm not sure who 144 00:07:02,520 --> 00:07:03,080 Speaker 6: wants to start. 145 00:07:03,160 --> 00:07:04,120 Speaker 2: Yeah, I'm gonna kick it off. 146 00:07:04,200 --> 00:07:04,400 Speaker 4: Man. 147 00:07:04,560 --> 00:07:06,680 Speaker 2: You know it's home turf, so I gotta kick it off. 148 00:07:06,720 --> 00:07:09,040 Speaker 2: So yeah, man, we're gonna get it right to it. 149 00:07:09,279 --> 00:07:12,360 Speaker 2: And I know people love love presentation, so we decided 150 00:07:12,360 --> 00:07:14,400 Speaker 2: to put a presentation together to make it easy for 151 00:07:14,400 --> 00:07:17,560 Speaker 2: everybody to see. I know people are writing notes. Don't worry. 152 00:07:17,640 --> 00:07:19,280 Speaker 2: I'm gonna leave the slides up there so you can 153 00:07:19,320 --> 00:07:22,160 Speaker 2: actually see it. Just put it yes in chat. Just 154 00:07:22,160 --> 00:07:23,960 Speaker 2: put it yes in chat if y'all can see the screen, 155 00:07:24,040 --> 00:07:28,560 Speaker 2: so we know what's going on, all right, perfect, perfect, 156 00:07:28,600 --> 00:07:31,520 Speaker 2: perfect perfect. You see that shield. You know it's about 157 00:07:31,520 --> 00:07:34,640 Speaker 2: to happen. You know, perfect, perfect perfect? 158 00:07:34,680 --> 00:07:35,280 Speaker 4: You know that shill? 159 00:07:35,400 --> 00:07:37,320 Speaker 2: All right, So let's get into it. Let's get into it, 160 00:07:39,480 --> 00:07:42,160 Speaker 2: all right. So here's the question. I need everybody to 161 00:07:42,560 --> 00:07:45,440 Speaker 2: honestly answer this question right now. So do you think 162 00:07:45,840 --> 00:07:48,960 Speaker 2: Apple's price The stock price, which is currently trading at 163 00:07:48,960 --> 00:07:51,160 Speaker 2: one hundred and seventy five thousand, eighty six cents, can 164 00:07:51,160 --> 00:07:54,680 Speaker 2: trade at two hundred dollars by January nineteen twenty twenty four. 165 00:07:55,360 --> 00:07:56,600 Speaker 2: Put your answers in chat, right. 166 00:07:56,480 --> 00:07:59,760 Speaker 7: Now, got a lot of yeses. 167 00:08:00,000 --> 00:08:06,240 Speaker 2: I'll see for sure. Hell yeah, right. So, based on 168 00:08:06,280 --> 00:08:08,800 Speaker 2: what you know about Apple and based only know about 169 00:08:08,840 --> 00:08:11,640 Speaker 2: the economy, you said yes, like most people have said yes, 170 00:08:11,760 --> 00:08:14,120 Speaker 2: of course. Right, is this even a question? 171 00:08:14,280 --> 00:08:14,440 Speaker 3: Right? 172 00:08:14,440 --> 00:08:18,080 Speaker 2: So basically, what you've done is you've predicted the potential 173 00:08:18,600 --> 00:08:20,520 Speaker 2: price of a stock in the future. 174 00:08:21,280 --> 00:08:24,240 Speaker 5: And that, in a simple sense, is what an option is. 175 00:08:24,520 --> 00:08:27,200 Speaker 2: Right. You just did it for the growth, and we're 176 00:08:27,200 --> 00:08:29,000 Speaker 2: going to talk about what it is when it grows 177 00:08:29,240 --> 00:08:32,080 Speaker 2: and when it depreciates when it falls. It's two types. 178 00:08:32,400 --> 00:08:34,760 Speaker 2: So everybody got the question, right, and so let's keep 179 00:08:34,760 --> 00:08:39,920 Speaker 2: moving right. So, like I said, essentially the future price 180 00:08:40,000 --> 00:08:42,800 Speaker 2: prediction of a given asset is what you just did, right. 181 00:08:42,840 --> 00:08:45,319 Speaker 2: Here's the example. The asset was Apple. That was a 182 00:08:45,360 --> 00:08:47,280 Speaker 2: stock you chose. I gave you the price what it 183 00:08:47,360 --> 00:08:49,360 Speaker 2: is now as of today. It might have went down 184 00:08:49,400 --> 00:08:52,640 Speaker 2: a few cents after hours. The future price prediction was 185 00:08:52,679 --> 00:08:54,920 Speaker 2: two hundred dollars and that's the strike price. And we'll 186 00:08:54,920 --> 00:08:57,040 Speaker 2: show you how we came up with that and the 187 00:08:57,080 --> 00:09:00,599 Speaker 2: future date. Right. So January nineteen, twenty twenty, for a 188 00:09:00,679 --> 00:09:04,320 Speaker 2: little over two years away. That's the expiration date. And 189 00:09:04,360 --> 00:09:07,720 Speaker 2: so when I say expiration date is because you're giving 190 00:09:07,760 --> 00:09:09,479 Speaker 2: yourself a specific time. 191 00:09:10,960 --> 00:09:12,840 Speaker 5: To have this number be hit. 192 00:09:12,960 --> 00:09:15,920 Speaker 2: Now granted it doesn't have to even hit two hundred, 193 00:09:15,920 --> 00:09:18,960 Speaker 2: and we'll talk about why, because there's money that can 194 00:09:19,000 --> 00:09:20,760 Speaker 2: be made either way if it makes it to it 195 00:09:20,920 --> 00:09:23,280 Speaker 2: or if it doesn't. All right, So I need everybody 196 00:09:23,440 --> 00:09:29,720 Speaker 2: just to understand that piece, all right, go ahead? 197 00:09:30,240 --> 00:09:34,280 Speaker 7: Yeah, So what are option contracts? Option contracts offers the 198 00:09:34,360 --> 00:09:37,840 Speaker 7: buyer the opportunity to buy or sell depending on the 199 00:09:37,880 --> 00:09:42,079 Speaker 7: type of contract that they hold. So the chosen asset 200 00:09:42,320 --> 00:09:44,640 Speaker 7: is at a price set out in the contract at 201 00:09:44,720 --> 00:09:49,240 Speaker 7: expiration date. So this is key. Options differ from shares. 202 00:09:49,600 --> 00:09:51,200 Speaker 7: So a lot of people a lot of times get 203 00:09:51,200 --> 00:09:53,720 Speaker 7: confused and saying, you know, am I making a call 204 00:09:53,840 --> 00:09:56,400 Speaker 7: or a put? Or am I buying or selling shares? 205 00:09:56,760 --> 00:09:59,959 Speaker 7: So when you're holding options, every option that you hold 206 00:10:00,440 --> 00:10:03,160 Speaker 7: is worth one hundred shares, So you can be a 207 00:10:03,200 --> 00:10:06,280 Speaker 7: buyer of options, and you can also be a seller 208 00:10:06,360 --> 00:10:08,880 Speaker 7: of options if you have more than one hundred shares. 209 00:10:09,280 --> 00:10:12,440 Speaker 7: So for every buyer, there is a seller. So each 210 00:10:12,559 --> 00:10:15,720 Speaker 7: contract is worth one hundred shares, which is why you 211 00:10:15,760 --> 00:10:19,760 Speaker 7: always see contracts expressed. Sometimes you see twenty five dollars 212 00:10:19,760 --> 00:10:22,960 Speaker 7: and twenty six cents. That's really two five hundred and 213 00:10:23,000 --> 00:10:27,200 Speaker 7: twenty six dollars per that option contract. So always remember 214 00:10:27,240 --> 00:10:30,640 Speaker 7: that option contracts are broken up and always worth. Every 215 00:10:30,720 --> 00:10:33,800 Speaker 7: option contract is worth one hundred shares and you have 216 00:10:33,920 --> 00:10:37,400 Speaker 7: the right to purchase those hundred shares at that expiration 217 00:10:37,600 --> 00:10:42,080 Speaker 7: date as long as the contract is potentially fulfilled. And 218 00:10:42,160 --> 00:10:46,520 Speaker 7: so in order for that contracy fufilled, the stock actually 219 00:10:46,520 --> 00:10:48,880 Speaker 7: has to go above the strike price, which we'll talk about. 220 00:10:49,200 --> 00:10:51,200 Speaker 2: Yeah, and I want people to be very clear about that, 221 00:10:51,320 --> 00:10:52,920 Speaker 2: and I put it in bold letters for a reason. 222 00:10:52,960 --> 00:10:55,480 Speaker 2: Their contracts are not shares. And so when people buy 223 00:10:55,520 --> 00:10:57,160 Speaker 2: a share of a company, or we'd like to say 224 00:10:57,200 --> 00:11:00,160 Speaker 2: when we're teaching kids a slice of a company, right, 225 00:11:00,200 --> 00:11:03,720 Speaker 2: you're going to pay the equities price at that time. 226 00:11:03,760 --> 00:11:06,600 Speaker 2: So today Apple was one seventy five, two days ago 227 00:11:06,679 --> 00:11:08,680 Speaker 2: was one seventy one. If you wanted to share, that's 228 00:11:08,679 --> 00:11:11,840 Speaker 2: how much you would pay. Options are completely different. They're 229 00:11:11,880 --> 00:11:15,200 Speaker 2: not based on the share, although that does take into 230 00:11:15,320 --> 00:11:19,840 Speaker 2: account how the bid and the asset is perceived, and 231 00:11:19,840 --> 00:11:21,160 Speaker 2: we'll talk about how that works too. 232 00:11:21,800 --> 00:11:26,880 Speaker 7: Yep, yep, so you have right here. A stock option 233 00:11:27,000 --> 00:11:29,640 Speaker 7: contract is the option to buyer sell one hundred shares, 234 00:11:29,679 --> 00:11:32,760 Speaker 7: So one contract equals one hundred shares, So you can 235 00:11:32,800 --> 00:11:35,680 Speaker 7: buy multiple contracts. You could buy two contracts that would 236 00:11:35,679 --> 00:11:38,840 Speaker 7: be two hundred shares, three contracts four hundred, and then 237 00:11:39,720 --> 00:11:42,079 Speaker 7: you take a three contracts three hundred and four contracts 238 00:11:42,120 --> 00:11:44,880 Speaker 7: four hundred. So this is imperative important for us to 239 00:11:44,960 --> 00:11:48,040 Speaker 7: kind of understand a lot of times when people are 240 00:11:48,040 --> 00:11:50,600 Speaker 7: taking a look at option contracts, a lot of times 241 00:11:50,800 --> 00:11:53,920 Speaker 7: they get confused. They're saying, Okay, why am I purchasing 242 00:11:53,960 --> 00:11:56,360 Speaker 7: this one contract? How is it worth one hundred shares? 243 00:11:56,880 --> 00:11:59,320 Speaker 7: So on the sale side, how like where do option 244 00:11:59,440 --> 00:12:04,000 Speaker 7: contracts actually come from? So option contracts actually come from sellers. 245 00:12:04,280 --> 00:12:06,760 Speaker 7: So you have people who may own a thousand shares 246 00:12:06,760 --> 00:12:10,520 Speaker 7: of Apple and they decide to actually sell you the 247 00:12:10,640 --> 00:12:14,800 Speaker 7: actual options. Those options actually cost a what a premium, 248 00:12:14,840 --> 00:12:18,719 Speaker 7: a select premium. So it's imperative to understand that that 249 00:12:18,920 --> 00:12:21,680 Speaker 7: option contracts are always worth one hundred shares. And this 250 00:12:21,840 --> 00:12:25,280 Speaker 7: is how they're actually created by a seller. A seller 251 00:12:25,360 --> 00:12:28,800 Speaker 7: sells you that option, you pay a premium, so you 252 00:12:28,840 --> 00:12:31,120 Speaker 7: pay a price. The seller collects that. 253 00:12:31,160 --> 00:12:35,200 Speaker 5: Premium perfect, all right. 254 00:12:35,240 --> 00:12:37,480 Speaker 2: So there's two types of options, and this is again 255 00:12:37,559 --> 00:12:40,080 Speaker 2: this is the beginners. Obviously there's more advanced and we 256 00:12:40,120 --> 00:12:41,680 Speaker 2: can talk about that maybe a little bit later, because 257 00:12:41,679 --> 00:12:44,600 Speaker 2: I'm sure some people are involved in trading options. But 258 00:12:44,960 --> 00:12:47,120 Speaker 2: it comes down to two for the beginning stage, and 259 00:12:47,120 --> 00:12:50,120 Speaker 2: that's calls inputs. I'm gonna talk about calls really quickly, right, 260 00:12:50,120 --> 00:12:52,400 Speaker 2: So calls that pretty much is that if you think 261 00:12:52,400 --> 00:12:54,720 Speaker 2: the stock price move up, you're going to make a call. 262 00:12:54,800 --> 00:12:57,760 Speaker 2: So a call options are speculating on the price increase 263 00:12:57,880 --> 00:13:00,760 Speaker 2: of an asset. They are the financial contracts that give you, 264 00:13:01,040 --> 00:13:03,280 Speaker 2: the buyer, the right but not the obligation, so you 265 00:13:03,320 --> 00:13:05,880 Speaker 2: don't have to but you can buy an asset at 266 00:13:05,880 --> 00:13:08,240 Speaker 2: a specific price within a specific time, which would be 267 00:13:08,280 --> 00:13:11,560 Speaker 2: that expiration date. So a call buyer profits when the 268 00:13:11,640 --> 00:13:13,679 Speaker 2: underlying asset increases in price. 269 00:13:13,880 --> 00:13:16,720 Speaker 5: So Apple, this is our example. We're gonna use Apple. 270 00:13:16,520 --> 00:13:18,760 Speaker 2: Because it's the greatest company in the world, right Apple, 271 00:13:18,800 --> 00:13:20,719 Speaker 2: if it currently is at one hundred and seventy five 272 00:13:20,760 --> 00:13:23,920 Speaker 2: dollars per share today, if I'm looking at the future 273 00:13:23,960 --> 00:13:25,719 Speaker 2: price of it, and I believe that it's going to 274 00:13:25,760 --> 00:13:28,000 Speaker 2: go up, in majority of you said that Yeah, by 275 00:13:28,080 --> 00:13:30,160 Speaker 2: January twenty twenty four, it can make it to two 276 00:13:30,240 --> 00:13:33,240 Speaker 2: hundred dollars. Then I'm making a call on that because 277 00:13:33,280 --> 00:13:36,440 Speaker 2: I'm saying that the price of Apple will appreciate in 278 00:13:36,480 --> 00:13:40,840 Speaker 2: that given time now as it appreciates from one seventy five. 279 00:13:40,880 --> 00:13:43,319 Speaker 2: If I bought that call today, I'm going to make 280 00:13:43,360 --> 00:13:45,800 Speaker 2: money all the way up until it hits two hundred. 281 00:13:46,040 --> 00:13:48,640 Speaker 2: I'll make even more money if it passes two hundred, 282 00:13:49,160 --> 00:13:52,640 Speaker 2: and so this is key to know the difference between 283 00:13:52,640 --> 00:13:54,480 Speaker 2: the two. Right. So if I'm saying that the price 284 00:13:54,559 --> 00:13:55,800 Speaker 2: are going to go up and I believe in that, 285 00:13:56,000 --> 00:14:00,320 Speaker 2: and again we're investing in solid companies right that have 286 00:14:00,400 --> 00:14:04,000 Speaker 2: appreciation and have growth and strong fundamentals, then I would 287 00:14:04,040 --> 00:14:06,960 Speaker 2: make a call. Now, we got to say this investing 288 00:14:07,120 --> 00:14:10,360 Speaker 2: has considerable risk, and we always stress to people, Please, 289 00:14:10,400 --> 00:14:13,120 Speaker 2: if you don't know how to trade stocks, you probably 290 00:14:13,120 --> 00:14:15,120 Speaker 2: shouldn't start with options, right. You should probably have a 291 00:14:15,160 --> 00:14:18,320 Speaker 2: portfolio that has some stocks in it that some long 292 00:14:18,400 --> 00:14:20,720 Speaker 2: term companies that you can believe in. Obviously Microsoft and 293 00:14:20,720 --> 00:14:23,440 Speaker 2: Apple we talk about a lot in video AMD. All 294 00:14:23,440 --> 00:14:26,840 Speaker 2: these companies that are strong, you should have stock in them. 295 00:14:27,240 --> 00:14:30,520 Speaker 2: And then if you want to invest in options. I 296 00:14:30,520 --> 00:14:32,520 Speaker 2: think it's a great idea as well. So those are calls. 297 00:14:32,560 --> 00:14:33,720 Speaker 2: If you think the price is going to go up, 298 00:14:33,760 --> 00:14:40,000 Speaker 2: you're going to make a call on that option. Yep. 299 00:14:40,080 --> 00:14:42,160 Speaker 7: So then we have on the opposite side, we have 300 00:14:42,200 --> 00:14:45,080 Speaker 7: on the opposite side put so put options. So put 301 00:14:45,160 --> 00:14:48,119 Speaker 7: options actually allow you to make money off of assets 302 00:14:48,240 --> 00:14:51,720 Speaker 7: price going down. So put options can be very lucrative. 303 00:14:51,760 --> 00:14:54,320 Speaker 7: A lot of people always ask what can you use 304 00:14:54,360 --> 00:14:57,360 Speaker 7: put options for? So there's been a myth that's been 305 00:14:57,360 --> 00:14:59,800 Speaker 7: going around for years. On top of years where we 306 00:14:59,880 --> 00:15:01,600 Speaker 7: have I haven't been in this space where we've been 307 00:15:01,600 --> 00:15:03,440 Speaker 7: tricked out of when we think, hey, that the stock 308 00:15:03,520 --> 00:15:05,600 Speaker 7: market you can only make money off the stock market 309 00:15:05,640 --> 00:15:08,240 Speaker 7: going up, but you can actually make money off of 310 00:15:08,640 --> 00:15:12,520 Speaker 7: Apple stock price coming down, the video Tesla, whatever, stock 311 00:15:13,000 --> 00:15:15,880 Speaker 7: Intel here, you can make money off that stock price 312 00:15:15,920 --> 00:15:19,560 Speaker 7: actually declining the increase. So what happens is you pay 313 00:15:19,600 --> 00:15:23,000 Speaker 7: a specific premium and if the stock price goes and falls, 314 00:15:23,000 --> 00:15:27,400 Speaker 7: for example, Intel here, Intel's at fifty points sixty two dollars. 315 00:15:27,800 --> 00:15:30,920 Speaker 7: If Intel then falls five dollars, you can profit off 316 00:15:30,920 --> 00:15:33,840 Speaker 7: of that. So instead of you just holding shares, and 317 00:15:33,880 --> 00:15:36,840 Speaker 7: when you're holding shares, you may lose value of your 318 00:15:36,840 --> 00:15:39,800 Speaker 7: shares when it declines, you can actually profit and make money. 319 00:15:40,160 --> 00:15:42,360 Speaker 7: So I tell people that this is a great strategy 320 00:15:42,360 --> 00:15:45,640 Speaker 7: to use, especially on red days in times of market turmoil. 321 00:15:46,000 --> 00:15:49,520 Speaker 7: So for example, when the coronavirus first hit, people actually 322 00:15:49,520 --> 00:15:52,520 Speaker 7: profited off that market downfall. When we saw the market's 323 00:15:52,520 --> 00:15:55,520 Speaker 7: decline thirty six percent. People just did it in their 324 00:15:55,520 --> 00:15:58,640 Speaker 7: positions and hold shares and just see their value their 325 00:15:58,680 --> 00:16:02,520 Speaker 7: shares decrease. They also use put options to actually hedge 326 00:16:02,600 --> 00:16:05,320 Speaker 7: against their portfolio. So the reason why I really like 327 00:16:05,400 --> 00:16:08,600 Speaker 7: put options is honestly because you can actually make money 328 00:16:08,880 --> 00:16:11,840 Speaker 7: to the downside with a stock going down, and then 329 00:16:11,880 --> 00:16:14,840 Speaker 7: you can go ahead and purchase. So one of the 330 00:16:14,880 --> 00:16:16,920 Speaker 7: things that I really like to say about put options 331 00:16:16,960 --> 00:16:20,120 Speaker 7: is I utilize put options on Square most recently. We've 332 00:16:20,160 --> 00:16:22,560 Speaker 7: all seen that Square is what came down from two 333 00:16:22,760 --> 00:16:24,640 Speaker 7: forty and two point fifty and now it's sitting at 334 00:16:24,640 --> 00:16:28,720 Speaker 7: about one sixty seven at today's close. So using put options, 335 00:16:28,720 --> 00:16:31,040 Speaker 7: I was able to profit of trading this stock to 336 00:16:31,080 --> 00:16:34,040 Speaker 7: the downside. But yes, I like Square long term, So 337 00:16:34,120 --> 00:16:36,480 Speaker 7: guess what, Now I've profited it off of making money 338 00:16:36,480 --> 00:16:38,800 Speaker 7: off that stock going down, and now I had the 339 00:16:38,880 --> 00:16:41,560 Speaker 7: ability to be able to buy shares at a lower price, 340 00:16:41,920 --> 00:16:44,200 Speaker 7: but then I also profited from that. So now I 341 00:16:44,240 --> 00:16:46,880 Speaker 7: actually have money and equity to be able to pour 342 00:16:46,960 --> 00:16:50,160 Speaker 7: in on quality companies that I'm now being able to 343 00:16:50,160 --> 00:16:54,320 Speaker 7: buy cheaper. So put options lose value when the stock 344 00:16:54,440 --> 00:16:57,880 Speaker 7: goes up, So that's key. So unlike call options that 345 00:16:58,160 --> 00:17:01,040 Speaker 7: when the stock goes up, you're making money, put options 346 00:17:01,080 --> 00:17:04,120 Speaker 7: when the stock goes When the stock goes up, you're 347 00:17:04,160 --> 00:17:05,760 Speaker 7: actually losing money on put options. 348 00:17:05,840 --> 00:17:07,919 Speaker 2: All right, So I want to real quick because I 349 00:17:07,960 --> 00:17:09,919 Speaker 2: want people to really catch this right, And so I 350 00:17:09,920 --> 00:17:11,600 Speaker 2: want you to notice something here. When I made my 351 00:17:11,680 --> 00:17:14,080 Speaker 2: call option, Look how far out I went right twenty 352 00:17:14,080 --> 00:17:16,480 Speaker 2: twenty four, which is two years away when I did 353 00:17:16,520 --> 00:17:19,440 Speaker 2: a put option. Right, if you look here in the example, 354 00:17:19,880 --> 00:17:22,879 Speaker 2: we only went to March twenty twenty two, Lauren, tell 355 00:17:22,960 --> 00:17:24,800 Speaker 2: them why the difference in time span when we do 356 00:17:24,840 --> 00:17:25,640 Speaker 2: puts and calls. 357 00:17:25,840 --> 00:17:28,160 Speaker 7: Yeah, So, like a lot of times, if we're taking 358 00:17:28,160 --> 00:17:30,600 Speaker 7: a look at you know, how far the market has 359 00:17:30,720 --> 00:17:33,400 Speaker 7: dropped and went down. We've seen a couple pullbacks here. 360 00:17:33,440 --> 00:17:36,800 Speaker 7: We've seen pullbacks back here in twenty twenty where we 361 00:17:36,800 --> 00:17:39,480 Speaker 7: saw a thirty six percent decline. We saw a bear 362 00:17:39,520 --> 00:17:42,600 Speaker 7: market that came in twenty eighteen. We saw a short 363 00:17:42,640 --> 00:17:45,600 Speaker 7: mini fall in twenty thirteen and twenty fifteen, We saw 364 00:17:45,600 --> 00:17:48,359 Speaker 7: the financial crisis in two thousand and eight. We also 365 00:17:48,400 --> 00:17:51,280 Speaker 7: saw a downturn in the dot com bubble. So these 366 00:17:51,400 --> 00:17:54,960 Speaker 7: downturns have actually been very small. So the timing when 367 00:17:54,960 --> 00:17:57,399 Speaker 7: we take a look at the market of over this 368 00:17:57,440 --> 00:18:00,000 Speaker 7: one hundred year existence of the stock market, ninety four 369 00:18:00,280 --> 00:18:02,919 Speaker 7: years out of the one hundred the stock market has 370 00:18:02,920 --> 00:18:05,280 Speaker 7: actually been going up. So when we take a look, 371 00:18:05,320 --> 00:18:07,520 Speaker 7: the stock market is going up more than it's going down. 372 00:18:07,600 --> 00:18:10,239 Speaker 7: So you don't want to be caught and puts on 373 00:18:10,320 --> 00:18:13,399 Speaker 7: certain companies for long periods of time because you can 374 00:18:13,440 --> 00:18:15,040 Speaker 7: lose a lot of money. 375 00:18:15,200 --> 00:18:19,159 Speaker 2: Perfect, perfect, all right, So expiration dates right, and so 376 00:18:19,280 --> 00:18:22,639 Speaker 2: again when we gave the example, we said January nineteen, 377 00:18:22,720 --> 00:18:26,159 Speaker 2: twenty twenty four. For the Intel example, we said March eighteen, 378 00:18:26,280 --> 00:18:29,280 Speaker 2: twenty twenty two. And I gave those dates because those 379 00:18:29,320 --> 00:18:32,520 Speaker 2: are significant dates. They're called quadruple witching. And we said 380 00:18:32,560 --> 00:18:35,760 Speaker 2: that happens every quarter. So the third month of every quarter, 381 00:18:36,119 --> 00:18:39,560 Speaker 2: the third Friday, quadruple witching will happen, which means that 382 00:18:39,840 --> 00:18:42,560 Speaker 2: we said this on market mondays plenties and times that 383 00:18:43,200 --> 00:18:46,240 Speaker 2: contracts will expire, and so when we talk about those dates, 384 00:18:46,280 --> 00:18:50,200 Speaker 2: those are expiration dates for contracts in March and obviously 385 00:18:50,280 --> 00:18:53,359 Speaker 2: in December. So expiration date is the final date on 386 00:18:53,400 --> 00:18:55,960 Speaker 2: which a contract is valid. So after that time the 387 00:18:56,000 --> 00:18:59,200 Speaker 2: contract has aspired. Option owners can choose a couple of things. 388 00:18:59,240 --> 00:19:02,000 Speaker 2: You can exercise a contract, which means that you were 389 00:19:02,040 --> 00:19:05,520 Speaker 2: going to buy one hundred shares, right, So let's say 390 00:19:05,640 --> 00:19:09,879 Speaker 2: you have five contracts. You have the right, not the obligation, 391 00:19:10,200 --> 00:19:15,320 Speaker 2: to buy five hundred shares, and or you can sell 392 00:19:15,640 --> 00:19:17,920 Speaker 2: the option contract if you haven't made any if you've 393 00:19:17,920 --> 00:19:20,080 Speaker 2: made profit, you can take profit there, or you can 394 00:19:20,119 --> 00:19:22,760 Speaker 2: choose to buy more. So you have three things you 395 00:19:22,800 --> 00:19:26,119 Speaker 2: can do at the expiration date. Here's what we tell people. 396 00:19:26,520 --> 00:19:28,600 Speaker 2: You don't want to wait to the expiration date, right, 397 00:19:28,640 --> 00:19:31,280 Speaker 2: You're not waiting till that date to actually make a 398 00:19:31,400 --> 00:19:35,520 Speaker 2: move because again, when the expiration dates come, a lot 399 00:19:35,560 --> 00:19:38,000 Speaker 2: of people are selling off and taking profits. You want 400 00:19:38,040 --> 00:19:40,400 Speaker 2: to make sure that you can make the most as possible, 401 00:19:40,760 --> 00:19:43,560 Speaker 2: So just keep that in mind. Now, expiration dates can 402 00:19:43,680 --> 00:19:46,480 Speaker 2: range in length of time from days to weeks to 403 00:19:46,680 --> 00:19:49,440 Speaker 2: months to years, and so we showed you the example 404 00:19:49,520 --> 00:19:51,800 Speaker 2: and shot myself. We talk about this all the time. 405 00:19:51,840 --> 00:19:53,840 Speaker 2: We like to go out and leaps, right, So we 406 00:19:53,960 --> 00:19:57,160 Speaker 2: like to have as much time as possible for our 407 00:19:57,680 --> 00:20:01,080 Speaker 2: positions to have the volatile to have their ups and 408 00:20:01,119 --> 00:20:04,720 Speaker 2: their downs for news cycles. And obviously right now we're 409 00:20:04,720 --> 00:20:09,600 Speaker 2: seeing with imicron right now there's pullbacks, right, but we're 410 00:20:09,600 --> 00:20:11,880 Speaker 2: in positions that are for two or three years out. 411 00:20:12,240 --> 00:20:15,359 Speaker 2: It gives us time for correct and also appreciate over time. 412 00:20:15,640 --> 00:20:18,240 Speaker 2: So the longer this is important, the longer the expiration 413 00:20:19,000 --> 00:20:22,000 Speaker 2: is also useful to obso retains time value even if 414 00:20:22,000 --> 00:20:24,879 Speaker 2: the stock trades below the stock price, So it's fine 415 00:20:24,880 --> 00:20:27,120 Speaker 2: if you don't get to your strike price. As long 416 00:20:27,240 --> 00:20:30,280 Speaker 2: as it's trending towards your stock price, you'll be fine. 417 00:20:30,320 --> 00:20:32,840 Speaker 2: So these are just two examples of expiration dates. Like 418 00:20:33,240 --> 00:20:36,359 Speaker 2: next week, December thirty of twenty twenty one could be 419 00:20:36,480 --> 00:20:38,800 Speaker 2: a weekly, right, So if somebody got into an options 420 00:20:38,840 --> 00:20:42,960 Speaker 2: position today, that might be an expiration date that they're 421 00:20:43,000 --> 00:20:46,160 Speaker 2: choosing if they're doing a weekly. Obviously, January nineteen, twenty 422 00:20:46,200 --> 00:20:49,199 Speaker 2: twenty four is years away, so we're talking about a 423 00:20:49,200 --> 00:20:52,399 Speaker 2: little over two years away from now again, giving yourself 424 00:20:52,480 --> 00:20:54,760 Speaker 2: the optimum time, and we're going to talk about delta 425 00:20:54,800 --> 00:20:57,160 Speaker 2: and all that, why that's valuable and data. 426 00:20:57,320 --> 00:20:59,360 Speaker 7: Yeah, and I just wanted to add one thing here. 427 00:20:59,600 --> 00:21:03,159 Speaker 7: Got especially especially when you're just getting into options, guys, 428 00:21:03,600 --> 00:21:06,359 Speaker 7: I always tell people to buy time. If you're someone 429 00:21:06,440 --> 00:21:09,720 Speaker 7: new getting into options first. I always tell people, guys, 430 00:21:10,280 --> 00:21:14,719 Speaker 7: stocks first, investing in ETFs, investing first is key. I 431 00:21:14,760 --> 00:21:18,240 Speaker 7: did not trade options until two years after me learning 432 00:21:18,240 --> 00:21:21,080 Speaker 7: about the stop market and studying. So I really want 433 00:21:21,119 --> 00:21:23,840 Speaker 7: to dry this point home because it's important to understand. 434 00:21:24,160 --> 00:21:26,480 Speaker 7: I find it that a lot of people are hopping 435 00:21:26,520 --> 00:21:30,439 Speaker 7: into trading on their second day in the markets, second 436 00:21:30,440 --> 00:21:33,800 Speaker 7: week in the markets. So I wanted to really tell 437 00:21:33,840 --> 00:21:36,840 Speaker 7: people and stress to people that it's important to take 438 00:21:36,880 --> 00:21:39,840 Speaker 7: your time, take your time to learn the information, take 439 00:21:39,880 --> 00:21:42,639 Speaker 7: your time. It's not a rush. Like I said, I 440 00:21:42,640 --> 00:21:45,040 Speaker 7: started when I was seventeen. I didn't start trading until 441 00:21:45,040 --> 00:21:47,320 Speaker 7: I was nineteen, So I really want to stress that 442 00:21:47,359 --> 00:21:51,240 Speaker 7: point home. And also the short term options for someone 443 00:21:51,280 --> 00:21:55,000 Speaker 7: that does not know technical analysis that is brand new 444 00:21:55,600 --> 00:21:58,720 Speaker 7: is like going to the Russian roulette table in Vegas. 445 00:21:58,920 --> 00:22:01,320 Speaker 7: And I'm going to say that one more time someone 446 00:22:01,440 --> 00:22:05,440 Speaker 7: trading short term options without knowing technicals is like going 447 00:22:05,480 --> 00:22:08,400 Speaker 7: to the Russian roulette table in Vegas, and I'll leave 448 00:22:08,440 --> 00:22:08,960 Speaker 7: that one there. 449 00:22:10,760 --> 00:22:12,960 Speaker 2: Don't do it strictly for liibment, not for freshmen. That's 450 00:22:13,000 --> 00:22:18,680 Speaker 2: not for freshmen. All right, let's keep rolling. Strike price. 451 00:22:18,760 --> 00:22:21,680 Speaker 2: So again, strike price is the number, right, is the 452 00:22:22,000 --> 00:22:24,960 Speaker 2: price at which the asset can be bought or sold. 453 00:22:25,160 --> 00:22:27,800 Speaker 2: It is the price that the given asset will appreciate call. 454 00:22:27,920 --> 00:22:30,159 Speaker 2: Like say, if' buying a call or depreciate, that's a put. 455 00:22:30,400 --> 00:22:33,320 Speaker 2: And so here's our example, right Apple right now, again, 456 00:22:33,320 --> 00:22:36,000 Speaker 2: it's at one hundred and seventy five cents. If I'm 457 00:22:36,040 --> 00:22:38,440 Speaker 2: going to say I want to see it appreciate, I 458 00:22:38,560 --> 00:22:41,080 Speaker 2: come up with a price or a target number that 459 00:22:41,119 --> 00:22:43,240 Speaker 2: i'm saying it's going to reach. And so two hundred 460 00:22:43,280 --> 00:22:46,440 Speaker 2: dollars would be my strike. If I believe that Apple 461 00:22:46,480 --> 00:22:49,119 Speaker 2: will pull back. I'm listening to all the reports, I'm 462 00:22:49,160 --> 00:22:51,360 Speaker 2: following all my technicals and the fundamentals, and I'm saying, 463 00:22:51,359 --> 00:22:52,639 Speaker 2: all right, well, I feel like there's gonna be a 464 00:22:52,680 --> 00:22:54,760 Speaker 2: pullback in Apple, then I'm going to make a put. 465 00:22:54,840 --> 00:22:56,760 Speaker 2: And so one hundred and fifty dollars will be my put. 466 00:22:57,200 --> 00:23:00,960 Speaker 2: And so let's figure this out. This is pretty cool here, right, 467 00:23:01,000 --> 00:23:03,560 Speaker 2: So where we're gonna get our strike price from now? 468 00:23:03,920 --> 00:23:07,280 Speaker 2: Past performance does not always predict future success. But if 469 00:23:07,320 --> 00:23:10,280 Speaker 2: we're looking at Apple over the past twenty years, right, 470 00:23:10,320 --> 00:23:12,119 Speaker 2: I know, like we always talk about, let's look at it, 471 00:23:12,200 --> 00:23:14,560 Speaker 2: it's an exception. But let's look at Apple since its 472 00:23:14,600 --> 00:23:17,679 Speaker 2: past twenty years to your right. If you look at 473 00:23:17,720 --> 00:23:21,400 Speaker 2: the performance and you look at that column that's in parentheses, right, 474 00:23:21,680 --> 00:23:25,360 Speaker 2: that is not a mistake. Apple has increased by fifty 475 00:23:25,560 --> 00:23:30,480 Speaker 2: three thousand percent since two thousand and one, right, And 476 00:23:30,520 --> 00:23:32,320 Speaker 2: so if we're basing our if we're going to make 477 00:23:32,320 --> 00:23:34,560 Speaker 2: a call or that's pretty far out, let's not use 478 00:23:34,600 --> 00:23:40,640 Speaker 2: twenty years. Let's maybe use two years. Right, So past 479 00:23:40,680 --> 00:23:43,679 Speaker 2: since two years is going up one hundred and fifty percent. 480 00:23:44,280 --> 00:23:47,680 Speaker 2: This year, it's up thirty two percent year to date. 481 00:23:48,359 --> 00:23:50,800 Speaker 2: And so even a conservative number, because I know when 482 00:23:50,840 --> 00:23:53,160 Speaker 2: y'all calls me, he's gonna want a conservative number, could 483 00:23:53,160 --> 00:23:56,480 Speaker 2: we say that Apple could appreciate ten percent by twenty 484 00:23:56,520 --> 00:23:59,480 Speaker 2: twenty four each year? Right, So that just means that 485 00:23:59,520 --> 00:24:01,840 Speaker 2: Apple would which is one seventy five now if it 486 00:24:01,880 --> 00:24:04,200 Speaker 2: grows by ten percent it's at one ninety two by 487 00:24:04,200 --> 00:24:07,520 Speaker 2: next December. If it grows by ten percent in twenty 488 00:24:07,560 --> 00:24:10,960 Speaker 2: twenty three, it's at two hundred and eleven dollars, right, 489 00:24:11,000 --> 00:24:13,960 Speaker 2: So that means that it grew at ten percent each year, right, 490 00:24:13,960 --> 00:24:16,800 Speaker 2: And that seems like that's something that's very viable to happen. Right. 491 00:24:17,200 --> 00:24:19,679 Speaker 2: So remember our call was at two hundred and so 492 00:24:19,760 --> 00:24:23,240 Speaker 2: if we just said Apple two hundred call for twenty 493 00:24:23,280 --> 00:24:26,800 Speaker 2: twenty four, based on its past performance and a very 494 00:24:26,920 --> 00:24:30,720 Speaker 2: conservative number of ten percent, the likelihood of it hitting 495 00:24:30,760 --> 00:24:34,639 Speaker 2: two hundred is pretty high, right. So that's kind of 496 00:24:34,720 --> 00:24:36,760 Speaker 2: one of those things when you look at strong companies 497 00:24:36,800 --> 00:24:39,199 Speaker 2: and their past performance. Now you see why you come 498 00:24:39,240 --> 00:24:47,960 Speaker 2: up with these strikes. Yep, yep. 499 00:24:48,119 --> 00:24:50,920 Speaker 7: So when taking a look, when you're taking a look 500 00:24:50,920 --> 00:24:54,840 Speaker 7: at options, you know, purchasing contracts, not shares, it's important 501 00:24:54,880 --> 00:24:57,639 Speaker 7: to understand the difference between the bid and the ask. 502 00:24:58,200 --> 00:25:00,399 Speaker 7: So this is going to be a pivotal part of 503 00:25:00,400 --> 00:25:01,760 Speaker 7: what we talk about here tonight. 504 00:25:01,960 --> 00:25:02,840 Speaker 2: This is the part. 505 00:25:03,520 --> 00:25:06,359 Speaker 7: Yeah, So because this is what gets a lot of 506 00:25:06,520 --> 00:25:08,760 Speaker 7: I already saw in the chat here that someone said 507 00:25:08,840 --> 00:25:12,920 Speaker 7: Robin Hood order fills suck. So we're gonna talk about 508 00:25:12,920 --> 00:25:14,879 Speaker 7: the difference between the bid and the ass. So a 509 00:25:14,880 --> 00:25:17,600 Speaker 7: lot of people when they hop into options trading, they're 510 00:25:17,640 --> 00:25:20,440 Speaker 7: immediately as soon as they go ahead and enter a trade, 511 00:25:20,480 --> 00:25:22,760 Speaker 7: they're gonna give money to the market. And why is 512 00:25:22,800 --> 00:25:25,480 Speaker 7: that because a lot of people are purchasing options at 513 00:25:25,480 --> 00:25:29,200 Speaker 7: the ass price. So the ass price represents the minimum 514 00:25:29,240 --> 00:25:31,600 Speaker 7: price that the seller is willing to take for that 515 00:25:31,680 --> 00:25:35,359 Speaker 7: same security. The bid price represents the maximum price that 516 00:25:35,400 --> 00:25:37,840 Speaker 7: the buyer is willing to pay for a share of 517 00:25:37,880 --> 00:25:41,560 Speaker 7: the stock or another security. You never want to pay 518 00:25:41,600 --> 00:25:44,320 Speaker 7: at the ask. And Troy's gonna show you we have 519 00:25:44,359 --> 00:25:47,480 Speaker 7: an example on the next slides where we're gonna actually 520 00:25:47,480 --> 00:25:49,639 Speaker 7: you're gonna actually get a chance to see. So a 521 00:25:49,680 --> 00:25:51,720 Speaker 7: lot of times you'll see like the bid will say 522 00:25:51,760 --> 00:25:54,919 Speaker 7: seven hundred and the ass will say like nine to twenty. 523 00:25:55,359 --> 00:25:58,560 Speaker 7: So that's called the spread. So when you hear when 524 00:25:58,760 --> 00:26:01,080 Speaker 7: someone asks you, hey, what is spread on that call 525 00:26:01,119 --> 00:26:03,720 Speaker 7: that you're looking at or that put you're looking at, 526 00:26:03,960 --> 00:26:06,359 Speaker 7: the spread is the difference between the bid and the ask. 527 00:26:06,680 --> 00:26:09,879 Speaker 7: So if the bid is seven hundred and then the 528 00:26:10,400 --> 00:26:12,959 Speaker 7: ask is nine to twenty, that's a two hundred and 529 00:26:12,960 --> 00:26:16,760 Speaker 7: twenty dollars difference in spread. So guess what's gonna happen 530 00:26:16,760 --> 00:26:19,040 Speaker 7: to someone that goes ahead and uses what is called 531 00:26:19,119 --> 00:26:22,360 Speaker 7: a market order instead of a limit order. So when 532 00:26:22,400 --> 00:26:25,000 Speaker 7: it comes to options, you want to use limit orders? 533 00:26:25,000 --> 00:26:27,400 Speaker 7: Why do you want to use limit orders? Because you're 534 00:26:27,400 --> 00:26:30,199 Speaker 7: able to go ahead and specify the price that you 535 00:26:30,359 --> 00:26:32,800 Speaker 7: actually want to get into that security hold on. 536 00:26:33,000 --> 00:26:34,520 Speaker 2: You got to tell them that again. You gotta tell 537 00:26:34,520 --> 00:26:37,000 Speaker 2: them that again. The difference between market and limit. 538 00:26:37,119 --> 00:26:40,040 Speaker 7: Yeah, so market is just going to put you in 539 00:26:40,080 --> 00:26:42,440 Speaker 7: at any price. So what's gonna happen If you use 540 00:26:42,480 --> 00:26:44,680 Speaker 7: a market order and there's a two hundred and twenty 541 00:26:44,720 --> 00:26:47,440 Speaker 7: dollars spread, You're going to more than likely be down 542 00:26:47,440 --> 00:26:52,320 Speaker 7: one hundred dollars instantaneously, instantaneously. So who wants to be 543 00:26:52,359 --> 00:26:55,439 Speaker 7: down one hundred dollars instantaneously? I know, I don't, I 544 00:26:55,480 --> 00:26:58,000 Speaker 7: know all you guys don't want to. So make sure 545 00:26:58,000 --> 00:27:00,600 Speaker 7: that you're using a limit order. So what is the 546 00:27:00,600 --> 00:27:03,640 Speaker 7: best way to get filled with options is to use 547 00:27:03,760 --> 00:27:08,439 Speaker 7: a limit order? Especially what happens is when you're actually 548 00:27:08,480 --> 00:27:11,520 Speaker 7: buying out those further out options. The strategies that Troy 549 00:27:11,520 --> 00:27:14,400 Speaker 7: and Rashad talk about when you're talking about twenty twenty 550 00:27:14,440 --> 00:27:16,920 Speaker 7: three and twenty twenty four, the bid and an ass 551 00:27:17,080 --> 00:27:19,240 Speaker 7: is going to be spread wide because there's not a 552 00:27:19,240 --> 00:27:21,760 Speaker 7: lot of volume and open interest on the contract, which 553 00:27:21,760 --> 00:27:22,680 Speaker 7: you will talk about later. 554 00:27:22,800 --> 00:27:26,120 Speaker 2: We're getting there, so yeah, yeah, yeah, And I tell 555 00:27:26,119 --> 00:27:28,840 Speaker 2: people as simple as this, Man, if you've ever bought 556 00:27:28,840 --> 00:27:32,000 Speaker 2: a car and you've walked into the dealership and somebody 557 00:27:32,000 --> 00:27:35,040 Speaker 2: tells you a price, most none times out of ten, 558 00:27:35,080 --> 00:27:38,000 Speaker 2: you're going to say, all right, well, I'm not paying 559 00:27:38,040 --> 00:27:40,679 Speaker 2: that price. This is what I'm paying, right, And so 560 00:27:40,720 --> 00:27:42,800 Speaker 2: it's the same thing when you think about these contracts. 561 00:27:42,840 --> 00:27:45,600 Speaker 2: The as price is the premium. The bid price is 562 00:27:45,640 --> 00:27:48,320 Speaker 2: what you're going to pay. You're willing to pay that, right, 563 00:27:48,359 --> 00:27:50,080 Speaker 2: And if you put it at a limit order, you're saying, 564 00:27:50,080 --> 00:27:53,600 Speaker 2: I'm not going above that. Now, sometimes that limit will 565 00:27:53,640 --> 00:27:56,320 Speaker 2: get filled and sometimes it doesn't. But this is when 566 00:27:56,359 --> 00:27:59,480 Speaker 2: we talk about patients. Right, if it's not filled, that's fine. 567 00:27:59,480 --> 00:28:00,840 Speaker 2: You can leave it out for a day. If it 568 00:28:00,880 --> 00:28:03,720 Speaker 2: doesn't get filled, do it again. Right, You're gonna stick 569 00:28:03,760 --> 00:28:06,480 Speaker 2: to your script. That's your limit, You're not going above that. 570 00:28:06,480 --> 00:28:07,960 Speaker 2: It'd be the same thing like if you're going to 571 00:28:07,960 --> 00:28:10,000 Speaker 2: buy a car, this is how much I can afford 572 00:28:10,080 --> 00:28:11,000 Speaker 2: this is what I'm paying for it. 573 00:28:11,040 --> 00:28:13,520 Speaker 5: I'm not paying anything over it. The problem is that. 574 00:28:13,440 --> 00:28:15,400 Speaker 2: A lot of people who are new to options come 575 00:28:15,440 --> 00:28:19,080 Speaker 2: in and they click market and sometimes it feels at 576 00:28:19,119 --> 00:28:20,960 Speaker 2: the highest price as possible. 577 00:28:21,280 --> 00:28:23,160 Speaker 5: In fact, it could say nine to twenty. 578 00:28:23,160 --> 00:28:25,640 Speaker 2: By the time you buy it, somebody's already purchas sitting 579 00:28:25,680 --> 00:28:28,080 Speaker 2: now it's going up to nine forty, and so you've 580 00:28:28,080 --> 00:28:30,160 Speaker 2: actually paid more than you thought. And so that's why 581 00:28:30,160 --> 00:28:32,040 Speaker 2: it's very, very important. This is like one of those 582 00:28:32,119 --> 00:28:35,159 Speaker 2: keys that people will lose money right away and they 583 00:28:35,200 --> 00:28:37,199 Speaker 2: look at their accountant like, like, how come every time I 584 00:28:37,280 --> 00:28:40,280 Speaker 2: buy my option contract, I'm in the negative. This is 585 00:28:40,320 --> 00:28:43,160 Speaker 2: probably one of the main reasons why that is happening. 586 00:28:43,200 --> 00:28:46,800 Speaker 2: So treat it like the dealership. Look at the bid, 587 00:28:47,600 --> 00:28:50,000 Speaker 2: maybe go ten to fifteen cent or above the bid 588 00:28:50,080 --> 00:28:52,040 Speaker 2: and say that is where I'm staying. I'm not going 589 00:28:52,080 --> 00:28:54,440 Speaker 2: above it. If it feels it feels. If it doesn't, 590 00:28:54,880 --> 00:28:58,320 Speaker 2: it doesn't. Let's get into some things. 591 00:28:58,680 --> 00:29:02,000 Speaker 7: Yeah, so now you have here. This is td ameritrade. 592 00:29:02,040 --> 00:29:03,960 Speaker 7: For those that are new and may have not looked 593 00:29:03,960 --> 00:29:07,480 Speaker 7: at td ameritrade. Td Ameritrade Think or swim is one 594 00:29:07,520 --> 00:29:11,720 Speaker 7: of the most reputable platforms out there for people to trade. 595 00:29:11,880 --> 00:29:14,680 Speaker 7: TD Ameritrade, Think or Swim is set up like this. 596 00:29:14,680 --> 00:29:17,840 Speaker 7: This is actually showing you how to actually go ahead 597 00:29:17,880 --> 00:29:21,760 Speaker 7: and actually execute and buy an actual options contract. So 598 00:29:21,840 --> 00:29:24,480 Speaker 7: here we have up here. Option strategy will start in 599 00:29:24,520 --> 00:29:28,400 Speaker 7: the top left corner single order. The underlying symbol obviously 600 00:29:28,480 --> 00:29:32,080 Speaker 7: is Apple. Also what you want to know is when 601 00:29:32,120 --> 00:29:36,000 Speaker 7: you're actually buying options. This is key action that action 602 00:29:36,160 --> 00:29:40,480 Speaker 7: button right there. Whenever you're purchasing options, calls or puts, 603 00:29:40,880 --> 00:29:43,720 Speaker 7: it always needs to be on buy to open. That's 604 00:29:43,720 --> 00:29:48,320 Speaker 7: whether you're on Charles Schwab, Fidelity, e Trade, whatever platform 605 00:29:48,360 --> 00:29:50,160 Speaker 7: that you're on, it needs to be on buy to 606 00:29:50,280 --> 00:29:54,760 Speaker 7: open when you're purchasing options. Now, when you are saying 607 00:29:55,160 --> 00:29:58,320 Speaker 7: when you are ready to close your position, it needs 608 00:29:58,360 --> 00:30:01,920 Speaker 7: to be on sale to So you need to make 609 00:30:01,960 --> 00:30:04,560 Speaker 7: sure that you have it on buy to open and 610 00:30:04,720 --> 00:30:07,680 Speaker 7: sell to close. If you end up having it in 611 00:30:07,800 --> 00:30:10,440 Speaker 7: something else, you're gonna mess yourself up. So it needs 612 00:30:10,440 --> 00:30:13,280 Speaker 7: to be buy to open when you're purchasing your options, 613 00:30:13,960 --> 00:30:15,960 Speaker 7: and then it needs to be sell to close when 614 00:30:16,000 --> 00:30:19,160 Speaker 7: you're selling your options. Then you have next door what 615 00:30:19,280 --> 00:30:21,680 Speaker 7: you're going ahead and typing in how many contracts. You're 616 00:30:21,720 --> 00:30:26,360 Speaker 7: purchasing either one, two, et cetera. Then you have select 617 00:30:26,400 --> 00:30:30,160 Speaker 7: your expiration. You have an expiration, so you can select 618 00:30:30,240 --> 00:30:32,400 Speaker 7: the date, and we have the dates pulled up over 619 00:30:32,440 --> 00:30:34,360 Speaker 7: here and we'll get to those in a second. Your 620 00:30:34,440 --> 00:30:36,920 Speaker 7: striking your is it a call or a put? And 621 00:30:36,960 --> 00:30:40,080 Speaker 7: we'll get to that. Then. Also, you see limit order, 622 00:30:40,280 --> 00:30:45,080 Speaker 7: so already, yeah, limit order. You don't need you need 623 00:30:45,160 --> 00:30:48,760 Speaker 7: a limit order. And then guess what price you see. 624 00:30:48,760 --> 00:30:51,200 Speaker 7: What happens is when you have a market order, that 625 00:30:51,320 --> 00:30:54,560 Speaker 7: price box right here won't pull up because now all 626 00:30:54,600 --> 00:30:56,560 Speaker 7: you do when you hit market is you just hit 627 00:30:56,600 --> 00:31:00,600 Speaker 7: review order, limit order. Then you put in price. Also, 628 00:31:00,760 --> 00:31:04,440 Speaker 7: time enforce day, so you want to keep it on day. 629 00:31:05,200 --> 00:31:07,040 Speaker 7: If you keep it on day, it'll make sure that 630 00:31:07,120 --> 00:31:10,440 Speaker 7: it enforces during the day. Now, if that price is 631 00:31:10,760 --> 00:31:14,040 Speaker 7: at a limit order and it does not enforce at 632 00:31:14,080 --> 00:31:16,479 Speaker 7: the end of the business day at four pm Eastern 633 00:31:16,520 --> 00:31:18,200 Speaker 7: Standard time, that order will cancel. 634 00:31:19,600 --> 00:31:21,640 Speaker 5: And that's not a bad thing, y'all. That's not a 635 00:31:21,640 --> 00:31:22,040 Speaker 5: bad thing. 636 00:31:22,440 --> 00:31:24,400 Speaker 7: Yep, that's not a bad thing. I'm just letting you 637 00:31:24,480 --> 00:31:26,560 Speaker 7: guys know that if you have an order that's pending 638 00:31:26,680 --> 00:31:29,440 Speaker 7: and it's in time enforced day, and it doesn't execute 639 00:31:29,520 --> 00:31:32,880 Speaker 7: during market hours. Options are only able to be purchased 640 00:31:32,960 --> 00:31:34,480 Speaker 7: because I know we got a lot of new people 641 00:31:34,520 --> 00:31:36,320 Speaker 7: on here and they're probably going to ask the question. 642 00:31:36,720 --> 00:31:39,600 Speaker 7: Options can only be purchased in between nine to thirty 643 00:31:39,600 --> 00:31:43,560 Speaker 7: Eastern Standard to four pm Eastern Standard time. The only 644 00:31:43,600 --> 00:31:45,880 Speaker 7: options that can be traded outside of that time is 645 00:31:45,920 --> 00:31:48,880 Speaker 7: the spy in a QQQ, which can be traded until 646 00:31:49,280 --> 00:31:53,320 Speaker 7: four point fifteen pm Eastern Standard time. So options can 647 00:31:53,360 --> 00:31:56,760 Speaker 7: only be executed from nine to thirty all the way 648 00:31:56,800 --> 00:32:00,160 Speaker 7: to four pm Eastern Standard time. Now, will we take 649 00:32:00,160 --> 00:32:03,360 Speaker 7: a look at the strike panel over here? Turn your direction. 650 00:32:03,760 --> 00:32:08,080 Speaker 7: You see we're on Apple January twenty eight, twenty twenty two, 651 00:32:08,520 --> 00:32:12,280 Speaker 7: which is next month's the last week of next month's 652 00:32:12,320 --> 00:32:15,160 Speaker 7: expiring contracts. We see that at the time when the 653 00:32:15,160 --> 00:32:17,680 Speaker 7: screenshot was taken, Apple was at one seventy one point 654 00:32:17,760 --> 00:32:20,880 Speaker 7: eighty nine. I believe Apple closed at one seventy five 655 00:32:20,920 --> 00:32:24,440 Speaker 7: point seventy six today. So taking a look here, you 656 00:32:24,560 --> 00:32:27,920 Speaker 7: have the strike price. Here in the middle you see 657 00:32:28,360 --> 00:32:32,160 Speaker 7: calls puts, and then you also see bid and ask, 658 00:32:32,640 --> 00:32:34,800 Speaker 7: so on the call side and on the put side, 659 00:32:34,880 --> 00:32:37,720 Speaker 7: and then the strike that's the strike price in the middle. 660 00:32:38,200 --> 00:32:42,360 Speaker 7: Now you see a highlighted blue on the left side 661 00:32:42,520 --> 00:32:45,240 Speaker 7: to the top left, and you see a highlighted blue 662 00:32:45,480 --> 00:32:48,240 Speaker 7: to the bottom right. So I want to talk about 663 00:32:48,280 --> 00:32:52,160 Speaker 7: something shot he said earlier today. If you guys watched 664 00:32:52,160 --> 00:32:55,120 Speaker 7: his real he says something that was really keen, and 665 00:32:55,160 --> 00:32:57,120 Speaker 7: I wanted to make sure that this was something that 666 00:32:57,160 --> 00:32:59,880 Speaker 7: I touched on here tonight. Shot he said in his 667 00:33:00,160 --> 00:33:02,840 Speaker 7: really said, a lot of people who are purchasing out 668 00:33:02,840 --> 00:33:06,400 Speaker 7: the money options are losing money. So I'm going to 669 00:33:06,440 --> 00:33:10,040 Speaker 7: put an end to this tonight. Why do I say this, 670 00:33:10,520 --> 00:33:12,680 Speaker 7: Because what's happening is is that a lot of people 671 00:33:12,720 --> 00:33:16,200 Speaker 7: are purchasing out the money options, and out the money 672 00:33:16,240 --> 00:33:20,240 Speaker 7: options are very, very, very risky, especially in the short term. 673 00:33:20,560 --> 00:33:22,840 Speaker 7: With leap options options that have a lot of time 674 00:33:23,000 --> 00:33:25,840 Speaker 7: like January twenty twenty four, two hundred, you get a 675 00:33:25,880 --> 00:33:29,360 Speaker 7: little leeway. But with the trading aspect, when you're buying 676 00:33:29,440 --> 00:33:32,920 Speaker 7: out the money options, you're actually setting yourself up for failure. 677 00:33:33,400 --> 00:33:35,720 Speaker 7: So why am I saying this? So out the money 678 00:33:35,720 --> 00:33:39,560 Speaker 7: options typically for new options traders is like just beauty. 679 00:33:39,600 --> 00:33:41,720 Speaker 7: It's like heaven. People are like, oh my gosh, it's 680 00:33:41,760 --> 00:33:43,520 Speaker 7: so cheap. You mean I could buy this option for 681 00:33:43,800 --> 00:33:46,480 Speaker 7: you know, four hundred dollars, five hundred dollars, and I 682 00:33:46,480 --> 00:33:49,200 Speaker 7: could profit from it. And what happens is is that 683 00:33:49,720 --> 00:33:52,640 Speaker 7: there's also a factor in average true range, So how 684 00:33:52,720 --> 00:33:55,120 Speaker 7: much does the stock move on a day to day basis? 685 00:33:55,480 --> 00:33:57,680 Speaker 7: So my point here tonight is to really make sure 686 00:33:57,680 --> 00:34:00,640 Speaker 7: that people understand that you want to focus on buying 687 00:34:00,800 --> 00:34:04,720 Speaker 7: in the money versus out the money contracts. So these 688 00:34:05,440 --> 00:34:07,040 Speaker 7: contracts highlighted. 689 00:34:07,600 --> 00:34:11,040 Speaker 5: Up my full, my fault, my fault, yeah, got yep. 690 00:34:11,080 --> 00:34:13,799 Speaker 7: So these contracts highlighted in the blue here on the 691 00:34:13,800 --> 00:34:18,160 Speaker 7: top left here and calls that one seventy strike one 692 00:34:18,320 --> 00:34:21,319 Speaker 7: sixty seven point five, one sixty five, one sixty two 693 00:34:21,320 --> 00:34:24,680 Speaker 7: point five, one sixty What makes them in the money? Calls? 694 00:34:24,760 --> 00:34:26,680 Speaker 7: What like? What makes them in the money? Causes what 695 00:34:26,760 --> 00:34:29,640 Speaker 7: someone's gonna ask, Well, the current stock price at this 696 00:34:29,719 --> 00:34:32,759 Speaker 7: time was one seventy one point eighty nine, So what 697 00:34:32,840 --> 00:34:36,399 Speaker 7: are you actually doing when you actually buy a one 698 00:34:36,600 --> 00:34:40,040 Speaker 7: seventy strike? So when you buy a one seventy strike, 699 00:34:40,080 --> 00:34:43,600 Speaker 7: you're essentially saying, hey, by January twenty eight, twenty twenty two, 700 00:34:43,920 --> 00:34:47,200 Speaker 7: Apple is going to be above one seventy. Well, Apple 701 00:34:47,239 --> 00:34:51,520 Speaker 7: already is so Apple is considered a in this contract 702 00:34:51,560 --> 00:34:53,480 Speaker 7: right here is considered in the money. The one to 703 00:34:53,520 --> 00:34:56,319 Speaker 7: seventy strike is considered in the money, so it has 704 00:34:56,360 --> 00:35:01,600 Speaker 7: what's called intrinsic value. Intrinsic value. Now the one seventy two, 705 00:35:01,760 --> 00:35:05,600 Speaker 7: one seventy five, one seventy seven are considered out the money. 706 00:35:05,640 --> 00:35:08,120 Speaker 7: Apple's not hired than one seventy two point five. No, 707 00:35:08,520 --> 00:35:10,520 Speaker 7: it's higher than one seventy five, and it's not higher 708 00:35:10,560 --> 00:35:13,719 Speaker 7: than one seventy seven point five. So what happens is 709 00:35:13,719 --> 00:35:16,719 Speaker 7: is that people who are buying in the money options, 710 00:35:17,080 --> 00:35:20,200 Speaker 7: you set yourself up better. Why because you're putting some 711 00:35:20,239 --> 00:35:22,879 Speaker 7: people may say, well, I'm paying more. Yes, it's better 712 00:35:22,920 --> 00:35:25,239 Speaker 7: to pay more for in the money option a lot 713 00:35:25,280 --> 00:35:27,960 Speaker 7: of times than buying out the money options. Why because 714 00:35:28,040 --> 00:35:30,920 Speaker 7: on January twenty eight, twenty twenty two, a lot of 715 00:35:30,960 --> 00:35:34,759 Speaker 7: those out the money options will be expiring worthless. And 716 00:35:34,840 --> 00:35:38,680 Speaker 7: so most options expire worthflex, especially out the money options. 717 00:35:38,960 --> 00:35:41,680 Speaker 7: And so it's imperative that we understand that it is 718 00:35:41,800 --> 00:35:45,200 Speaker 7: okay to spend more on buying in the money option 719 00:35:45,360 --> 00:35:48,680 Speaker 7: contracts because it's going to give you a higher probability 720 00:35:48,719 --> 00:35:52,279 Speaker 7: of actually profiting. And also guys, the first thing that 721 00:35:52,320 --> 00:35:54,600 Speaker 7: we want to think about when we're focused on trading 722 00:35:54,640 --> 00:35:57,480 Speaker 7: options is actually not making money. How do we protect 723 00:35:57,560 --> 00:36:01,040 Speaker 7: ourselves on the downside. What happens is that if someone 724 00:36:01,200 --> 00:36:04,720 Speaker 7: was to buy that one eighty strike right here and Apple, 725 00:36:04,880 --> 00:36:07,520 Speaker 7: and it costs about four hundred and twenty five dollars, 726 00:36:07,840 --> 00:36:11,880 Speaker 7: and Apple was to decline five dollars, that option contract 727 00:36:11,880 --> 00:36:14,640 Speaker 7: would actually lose a lot more value than someone who 728 00:36:14,680 --> 00:36:17,160 Speaker 7: has that one sixty five striker, that one sixty two 729 00:36:17,200 --> 00:36:20,120 Speaker 7: point five strike. So why am I saying this? Because 730 00:36:20,400 --> 00:36:22,600 Speaker 7: when you're having your options in the money, you have 731 00:36:22,680 --> 00:36:27,399 Speaker 7: what's called intrinsic value. Options that have intrinsic value. What 732 00:36:27,840 --> 00:36:31,840 Speaker 7: they actually have higher deltas. So delta is the amount 733 00:36:31,880 --> 00:36:35,640 Speaker 7: per dollar that you make as the stock price increases, 734 00:36:36,480 --> 00:36:39,719 Speaker 7: and out the money options have higher data. So what 735 00:36:39,800 --> 00:36:43,000 Speaker 7: is data? Theta is the time decay, So out the 736 00:36:43,040 --> 00:36:46,240 Speaker 7: money options have a higher time decay. So for anyone 737 00:36:46,280 --> 00:36:48,799 Speaker 7: that's been trading options before, and it's like, Okay, I 738 00:36:48,840 --> 00:36:51,839 Speaker 7: went and got a one eighty strike on Apple and 739 00:36:51,880 --> 00:36:54,520 Speaker 7: Apple went up to one seventy two, but I didn't 740 00:36:54,560 --> 00:36:58,280 Speaker 7: make any money, why is that happening? Because what's happening 741 00:36:58,400 --> 00:37:01,080 Speaker 7: is is that the delta is out to see me. 742 00:37:01,120 --> 00:37:03,840 Speaker 7: The data is outweighing the delta, so you're not making 743 00:37:03,880 --> 00:37:06,480 Speaker 7: as much money when you have those out the money options. 744 00:37:06,840 --> 00:37:08,239 Speaker 7: The only way for you to make a lot of 745 00:37:08,239 --> 00:37:10,600 Speaker 7: money without the money options is when the stock has 746 00:37:10,640 --> 00:37:14,240 Speaker 7: a drastic move upward. For example today with Tesla, Tesla 747 00:37:14,280 --> 00:37:16,960 Speaker 7: went up seventy points today. So the people who had 748 00:37:17,160 --> 00:37:20,520 Speaker 7: one thousand dollars calls for Tesla yesterday when Tesla was 749 00:37:20,560 --> 00:37:23,279 Speaker 7: at nine point thirty, they were extremely risky with that. 750 00:37:23,600 --> 00:37:26,799 Speaker 7: But because Tesla actually went up and increased that much, 751 00:37:26,880 --> 00:37:29,040 Speaker 7: people actually made a lot of money off of that. 752 00:37:29,480 --> 00:37:32,239 Speaker 7: So what happens people are ready to go ahead and 753 00:37:32,280 --> 00:37:35,960 Speaker 7: grab these out the money options because they're cheaper. What 754 00:37:36,080 --> 00:37:38,680 Speaker 7: happens with a stock like Apple, which doesn't really move 755 00:37:38,800 --> 00:37:41,759 Speaker 7: very fast, but it is a consistent stock. As we 756 00:37:41,800 --> 00:37:44,680 Speaker 7: pulled up on the sheet, Apple is a consistent stock. 757 00:37:45,200 --> 00:37:47,520 Speaker 7: So what happens is that when these stocks don't move 758 00:37:47,520 --> 00:37:50,000 Speaker 7: as fast, a lot of people get hurt because they're 759 00:37:50,040 --> 00:37:52,640 Speaker 7: in out the money options and the time decay is 760 00:37:52,680 --> 00:37:54,080 Speaker 7: way too much. 761 00:37:54,120 --> 00:37:57,399 Speaker 2: We call that losing your shirt. Yeah, don't lose your 762 00:37:57,400 --> 00:37:58,680 Speaker 2: shirt yep. 763 00:37:59,239 --> 00:38:02,480 Speaker 7: So you want to focus on really buying those in 764 00:38:02,560 --> 00:38:06,200 Speaker 7: the money options, especially if you're doing any short term trading. 765 00:38:06,800 --> 00:38:09,080 Speaker 7: If you're doing a more of a leap strategy, you 766 00:38:09,160 --> 00:38:11,360 Speaker 7: still want to stick to buying in the money options, 767 00:38:11,640 --> 00:38:13,960 Speaker 7: but you can actually go a little bit farther out. 768 00:38:14,640 --> 00:38:17,400 Speaker 7: It is okay, but you do want to be protecting 769 00:38:17,440 --> 00:38:20,000 Speaker 7: yourself because a lot of times the out the money 770 00:38:20,040 --> 00:38:22,719 Speaker 7: strategy it's one of those sexy things that a lot 771 00:38:22,760 --> 00:38:25,480 Speaker 7: of people want to push on people. But we don't 772 00:38:25,520 --> 00:38:28,239 Speaker 7: want to do that here. We're not pushing sexiness out here. 773 00:38:28,280 --> 00:38:32,600 Speaker 7: We're pushing consistency. So it's important to be consistent versus 774 00:38:32,600 --> 00:38:35,279 Speaker 7: trying to be sexy and be cheap. Because the first 775 00:38:35,280 --> 00:38:37,359 Speaker 7: thing that we had a mindset of coming in is 776 00:38:37,480 --> 00:38:40,040 Speaker 7: how can I get the pretty much take the smallest 777 00:38:40,080 --> 00:38:43,040 Speaker 7: investment and turn it into a million dollars overnight. And 778 00:38:43,120 --> 00:38:45,759 Speaker 7: so out the money land is where most people go. 779 00:38:46,280 --> 00:38:48,480 Speaker 7: And then out the money land ends up you end 780 00:38:48,600 --> 00:38:50,640 Speaker 7: up losing all your money. And this is just the reality. 781 00:38:50,920 --> 00:38:52,799 Speaker 5: Yeah, So there's a couple of things I want you 782 00:38:52,800 --> 00:38:53,160 Speaker 5: to see here. 783 00:38:53,200 --> 00:38:55,080 Speaker 2: Right, somebody's gonna be looking at this and they're like, yo, 784 00:38:55,400 --> 00:38:58,520 Speaker 2: Troy Lawrence, Well, y'all bugging man. It says it's seven dollars, right, 785 00:38:58,600 --> 00:39:01,520 Speaker 2: But we told you and we're going to reiterated again, right, 786 00:39:01,800 --> 00:39:04,839 Speaker 2: each contract is worth one hundred years, and so our 787 00:39:04,880 --> 00:39:06,719 Speaker 2: eyes are training and the lawrence we have the same thing. 788 00:39:06,760 --> 00:39:09,240 Speaker 2: Once we see that number, we're moving to decimal twice. 789 00:39:09,600 --> 00:39:12,040 Speaker 2: And so that's not really seven dollars, that's really seven 790 00:39:12,160 --> 00:39:12,760 Speaker 2: hundred dollars. 791 00:39:12,800 --> 00:39:14,600 Speaker 5: That's the bid. It's seven hundred dollars. I'm gonna show 792 00:39:14,640 --> 00:39:14,960 Speaker 5: you why. 793 00:39:15,160 --> 00:39:16,920 Speaker 2: And I think this is dope because I took this picture. 794 00:39:17,360 --> 00:39:19,560 Speaker 2: I think Friday I took this picture. But if we 795 00:39:19,600 --> 00:39:21,239 Speaker 2: go on to TD Maria Trade now, and I'm sure 796 00:39:21,280 --> 00:39:24,160 Speaker 2: somebody will do this after they watched this whole class, 797 00:39:24,719 --> 00:39:27,080 Speaker 2: that one seventy two strike and that one seventy five 798 00:39:27,120 --> 00:39:29,359 Speaker 2: strike are now in the money, and so they're gonna 799 00:39:29,360 --> 00:39:31,239 Speaker 2: be blue when you look at it. And so that's 800 00:39:31,239 --> 00:39:33,520 Speaker 2: pretty interesting. Another thing is I want you to notice 801 00:39:33,560 --> 00:39:36,120 Speaker 2: the prices. Right, If we look at the price, like 802 00:39:36,160 --> 00:39:41,399 Speaker 2: that's seven hundred dollars bid, because it's so close, it's 803 00:39:41,400 --> 00:39:42,520 Speaker 2: a lot cheaper. 804 00:39:42,200 --> 00:39:43,160 Speaker 5: When we go out further. 805 00:39:43,160 --> 00:39:45,000 Speaker 2: And I'm gonna show your example when we go out 806 00:39:45,040 --> 00:39:47,480 Speaker 2: further right to like twenty twenty four, it's gonna be 807 00:39:47,520 --> 00:39:49,840 Speaker 2: a lot pricier. And the reason being is that the 808 00:39:50,080 --> 00:39:53,960 Speaker 2: likelihood of the stock of the asset, for this example, Apple, 809 00:39:54,400 --> 00:39:57,080 Speaker 2: actually being one seventy five or one seventy when it's 810 00:39:57,120 --> 00:40:01,399 Speaker 2: already at one seventy five now it's highly likely. 811 00:40:01,440 --> 00:40:02,719 Speaker 5: So it's a premium on that. 812 00:40:02,880 --> 00:40:05,440 Speaker 2: So like, this expiration date is for next month, but 813 00:40:05,480 --> 00:40:06,799 Speaker 2: we're going to show you an example of what it 814 00:40:06,840 --> 00:40:08,800 Speaker 2: looks like in a few years, and you're going to 815 00:40:08,880 --> 00:40:11,040 Speaker 2: notice the price difference. But I wanted you to just 816 00:40:11,120 --> 00:40:13,800 Speaker 2: key in on that, right, Like, this is not seven dollars, 817 00:40:13,840 --> 00:40:16,680 Speaker 2: this is seven hundred. This is not nine dollars and 818 00:40:16,680 --> 00:40:19,719 Speaker 2: twenty cents. This is nine hundred and twenty dollars. So 819 00:40:19,760 --> 00:40:21,920 Speaker 2: that's the ass And this is a problem too. Like 820 00:40:22,160 --> 00:40:24,560 Speaker 2: I get upset, Lawrence, you probably do too, right, Like 821 00:40:24,640 --> 00:40:26,719 Speaker 2: I'll put a limit order in and then I'll look 822 00:40:26,719 --> 00:40:29,160 Speaker 2: at last and we'll show people what last is, and 823 00:40:29,200 --> 00:40:31,239 Speaker 2: I'll see somebody feels at nine to twenty and I 824 00:40:31,239 --> 00:40:33,600 Speaker 2: have my limit at seven point thirty. What that does 825 00:40:33,680 --> 00:40:36,080 Speaker 2: is it messes up the chain for the next person 826 00:40:36,120 --> 00:40:38,480 Speaker 2: try to buy a contract. Now I have to raise 827 00:40:38,520 --> 00:40:41,480 Speaker 2: my limit up because somebody who was inexperience came and said, 828 00:40:41,480 --> 00:40:43,560 Speaker 2: all right, well I'll pay the premium, and so it 829 00:40:43,640 --> 00:40:45,040 Speaker 2: kind of messes up the game a little bit. But 830 00:40:45,040 --> 00:40:46,640 Speaker 2: we give you all the game right now so that 831 00:40:46,640 --> 00:40:49,480 Speaker 2: that doesn't happen. So when we see that, and. 832 00:40:49,480 --> 00:40:51,520 Speaker 7: Then one thing, Now, one thing I want to say 833 00:40:51,640 --> 00:40:54,600 Speaker 7: is like when the option order doesn't execute. I know 834 00:40:54,680 --> 00:40:57,640 Speaker 7: this happens to a lot of people, especially people that 835 00:40:57,680 --> 00:41:00,160 Speaker 7: are not savvy with their platform, and that's something I 836 00:41:00,160 --> 00:41:03,000 Speaker 7: really want to say, is like, really learn your platform too, 837 00:41:03,040 --> 00:41:05,600 Speaker 7: the execution of your platform. It is okay to pay 838 00:41:05,600 --> 00:41:09,239 Speaker 7: per trade on TDIR, Marrior Trade, Think or swim, take 839 00:41:09,280 --> 00:41:12,480 Speaker 7: some practice trades and get used to like the execution part. 840 00:41:12,600 --> 00:41:16,200 Speaker 7: Because actually buying options, like for the first time, I 841 00:41:16,200 --> 00:41:19,120 Speaker 7: can even I can admit myself, my first time buying options, 842 00:41:19,160 --> 00:41:22,040 Speaker 7: I had anxiety, like was I doing it right? Did 843 00:41:22,480 --> 00:41:25,360 Speaker 7: the order feel properly? You know, these are kind of 844 00:41:25,400 --> 00:41:28,439 Speaker 7: some of the questions that we kind of have from 845 00:41:28,440 --> 00:41:32,080 Speaker 7: a psychological standpoint, to be honest, and so I want 846 00:41:32,120 --> 00:41:34,239 Speaker 7: to make sure that, you know, people take time to 847 00:41:34,360 --> 00:41:38,040 Speaker 7: understand their platforms, and if the order does not fail 848 00:41:38,160 --> 00:41:41,239 Speaker 7: the first time, it is okay. To go ahead and 849 00:41:41,320 --> 00:41:45,319 Speaker 7: refresh that order and re input that order. So yeah, 850 00:41:45,360 --> 00:41:45,759 Speaker 7: that's it. 851 00:41:46,080 --> 00:41:46,959 Speaker 2: Yeah, And so it stills. 852 00:41:46,960 --> 00:41:49,560 Speaker 5: Somebody's like, how did he get seven hundred from seven dollars? 853 00:41:49,560 --> 00:41:52,880 Speaker 2: Well, here's why. Again, each option contract is worth one 854 00:41:52,920 --> 00:41:56,640 Speaker 2: hundred shares, right, so if one share right is one. 855 00:41:56,680 --> 00:41:58,759 Speaker 2: If one share is seven dollars and you're buying one 856 00:41:58,840 --> 00:42:00,960 Speaker 2: hundred of them, then that's but we got seven hundred. 857 00:42:01,160 --> 00:42:02,880 Speaker 2: The easiest thing to do is when you see the 858 00:42:02,880 --> 00:42:05,719 Speaker 2: bid or the ask, just move the depth moll twice right, 859 00:42:06,120 --> 00:42:08,920 Speaker 2: and so that one contract is worth cent seven hundred 860 00:42:08,920 --> 00:42:12,200 Speaker 2: dollars because each share is seven and you're buying a 861 00:42:12,280 --> 00:42:14,719 Speaker 2: hundred of them, that's how you get seven hundred. Same 862 00:42:14,760 --> 00:42:18,319 Speaker 2: thing if I bought five contracts, now I'm having five 863 00:42:18,400 --> 00:42:21,080 Speaker 2: hundred shares at seven dollars, which would bring me to 864 00:42:21,120 --> 00:42:22,160 Speaker 2: a total of thirty five. 865 00:42:22,440 --> 00:42:23,840 Speaker 5: Yes, and chat if we get on that. 866 00:42:27,320 --> 00:42:29,600 Speaker 2: Perfect perfect This is like when mister Millings is like, 867 00:42:29,960 --> 00:42:32,000 Speaker 2: I got that, raise your hand and. 868 00:42:32,680 --> 00:42:38,560 Speaker 6: You know it's something that like, if you've been doing options, it's. 869 00:42:37,840 --> 00:42:39,600 Speaker 3: Not as hard as it may seem. 870 00:42:39,680 --> 00:42:41,759 Speaker 6: If you just if this is your first time hearing 871 00:42:41,800 --> 00:42:45,000 Speaker 6: about options, you may not beginning everything but that's why 872 00:42:45,080 --> 00:42:48,440 Speaker 6: everything is all you know, education, and it's an ongoing process. 873 00:42:48,520 --> 00:42:51,359 Speaker 6: So it's something that you know. It's not like you're 874 00:42:51,360 --> 00:42:55,879 Speaker 6: gonna become an expert in an hour. But the more 875 00:42:55,920 --> 00:42:58,120 Speaker 6: you do it, the more repetition you have, the more 876 00:42:58,280 --> 00:43:01,960 Speaker 6: information you receive. Then you understand that it's really not 877 00:43:02,000 --> 00:43:05,680 Speaker 6: that complicated, and you start to understand it's like speaking 878 00:43:05,680 --> 00:43:07,720 Speaker 6: a foreign language, Like you can't learn a foreign language 879 00:43:07,719 --> 00:43:10,840 Speaker 6: in one day, but you can't get the beginning fundamentals 880 00:43:10,880 --> 00:43:13,840 Speaker 6: of learning that language. And then the more you're around people, 881 00:43:13,880 --> 00:43:16,279 Speaker 6: the more you study it, now it actually starts to 882 00:43:16,320 --> 00:43:16,840 Speaker 6: make sense to you. 883 00:43:16,960 --> 00:43:19,520 Speaker 2: Yeah, it's repetition, like every time you come over, you 884 00:43:19,560 --> 00:43:21,959 Speaker 2: know that this is what I'm doing. And so like again, 885 00:43:22,000 --> 00:43:25,040 Speaker 2: you just get yourself familiar with it. Will you make mistakes? Yeah, 886 00:43:25,040 --> 00:43:27,440 Speaker 2: we've had trades where we've lost and we've made some mistakes, 887 00:43:27,440 --> 00:43:29,759 Speaker 2: and I make it very very clear and very transparent, 888 00:43:29,800 --> 00:43:32,480 Speaker 2: like I talk about those mistakes on Market Mondays because 889 00:43:32,680 --> 00:43:34,520 Speaker 2: I live by that JY line, right, Like I went 890 00:43:34,520 --> 00:43:36,799 Speaker 2: through that, so hopefully you don't have to. But let's 891 00:43:36,840 --> 00:43:39,080 Speaker 2: keep rolling. Let's keep rolling, all right, So this is 892 00:43:39,080 --> 00:43:40,719 Speaker 2: what it will look like right when you put that 893 00:43:40,880 --> 00:43:42,920 Speaker 2: order in, you put that limit of seven dollars. 894 00:43:43,200 --> 00:43:44,640 Speaker 5: This is exactly what's going to look like. 895 00:43:44,719 --> 00:43:48,040 Speaker 2: So I'm taking one contract at the one seventy two 896 00:43:48,560 --> 00:43:51,719 Speaker 2: fifty call. It's a weekly, right, because they're looking at 897 00:43:51,760 --> 00:43:54,440 Speaker 2: it like that's a few weeks away. Again, I'm doing 898 00:43:54,480 --> 00:43:57,239 Speaker 2: it for my day, and this is what it equals, right, 899 00:43:57,239 --> 00:43:59,200 Speaker 2: This is what it will cost me, seven hundred dollars 900 00:43:59,200 --> 00:44:01,480 Speaker 2: and then obviously the brokerage is going to take their 901 00:44:01,520 --> 00:44:03,960 Speaker 2: commission fee, and so it cost me seven hundred and 902 00:44:04,000 --> 00:44:06,359 Speaker 2: sixty seven hundred dollars sixty five cents. That's if I 903 00:44:06,520 --> 00:44:11,280 Speaker 2: was filled at that bid price. A lot of times 904 00:44:11,480 --> 00:44:13,120 Speaker 2: you won't get filled at the bid price. But again, 905 00:44:13,239 --> 00:44:15,960 Speaker 2: be patient. Sometimes you do, right, you might put this limit, 906 00:44:16,760 --> 00:44:19,719 Speaker 2: the asset might drop in price and you're filled, and 907 00:44:19,760 --> 00:44:22,160 Speaker 2: it might go below your limit price. And so that's 908 00:44:22,239 --> 00:44:24,719 Speaker 2: key to know too, right, So stick to your script, 909 00:44:25,040 --> 00:44:27,480 Speaker 2: know what your limit is, and do not budge on 910 00:44:27,520 --> 00:44:27,960 Speaker 2: that limit. 911 00:44:28,719 --> 00:44:33,839 Speaker 5: Yep, all right, So friends lawns, you want to go here? 912 00:44:35,040 --> 00:44:35,160 Speaker 7: Yea. 913 00:44:35,200 --> 00:44:35,359 Speaker 3: Yeah. 914 00:44:35,400 --> 00:44:37,400 Speaker 2: So I'm just gonna say this real quickly. So now 915 00:44:37,440 --> 00:44:39,960 Speaker 2: I've extended, so it's the same page. It's still td 916 00:44:40,040 --> 00:44:43,000 Speaker 2: A meerrior trade. But now I've changed the expiration date, 917 00:44:43,080 --> 00:44:45,440 Speaker 2: and so now it's not a month away, it's two 918 00:44:45,880 --> 00:44:50,000 Speaker 2: years away. And so now look at the prices for 919 00:44:50,160 --> 00:44:52,760 Speaker 2: these the option calls, right, like, look at the cold 920 00:44:52,920 --> 00:44:55,600 Speaker 2: prices here. This is not twenty nine dollars and fifty cents. 921 00:44:56,120 --> 00:44:59,319 Speaker 2: This is twenty nine hundred and fifty dollars. That's the bid, right, 922 00:44:59,320 --> 00:45:02,319 Speaker 2: because the likelihood of Apple hitting the strike, which it 923 00:45:02,360 --> 00:45:05,440 Speaker 2: already did today is very likely. The likelihood of it 924 00:45:05,480 --> 00:45:07,960 Speaker 2: hitting these numbers are very likely. So when people go 925 00:45:08,040 --> 00:45:11,480 Speaker 2: out further yeah, it's gonna cost you on because the 926 00:45:11,560 --> 00:45:14,080 Speaker 2: chances of it happening, plus the time that it has 927 00:45:14,400 --> 00:45:17,359 Speaker 2: to do it are highly likely. And it doesn't work 928 00:45:17,360 --> 00:45:19,080 Speaker 2: in the brokeridges favorites, so they're going to charge your 929 00:45:19,080 --> 00:45:19,600 Speaker 2: premium for it. 930 00:45:19,640 --> 00:45:22,200 Speaker 7: But you got yeah, so yeah, it's going to be 931 00:45:22,200 --> 00:45:25,319 Speaker 7: more expensive when you actually buy further out options like 932 00:45:25,360 --> 00:45:28,759 Speaker 7: this for twenty twenty four. It's imperative as well that 933 00:45:28,840 --> 00:45:31,840 Speaker 7: you notice as well that the bid and ask difference 934 00:45:31,880 --> 00:45:34,400 Speaker 7: is a little bit wider than what you may have 935 00:45:34,520 --> 00:45:38,479 Speaker 7: saw with the previous slide. A lot of times there's 936 00:45:38,520 --> 00:45:41,480 Speaker 7: always not really as much demand when it comes to 937 00:45:41,560 --> 00:45:43,640 Speaker 7: these type of options. We're going to cover that with 938 00:45:43,760 --> 00:45:49,279 Speaker 7: open interest and imply volatility and volume. That's important to 939 00:45:49,320 --> 00:45:52,080 Speaker 7: understand that what Troy just said, there's a reason why 940 00:45:52,120 --> 00:45:55,600 Speaker 7: these are more expensive than previously. These are more expensive 941 00:45:55,640 --> 00:46:00,640 Speaker 7: why because it's more likely that Apple actually hits these numbers. Now, 942 00:46:00,680 --> 00:46:03,680 Speaker 7: if someone is a longer term investor, this may be 943 00:46:03,920 --> 00:46:06,920 Speaker 7: a better option for you if you're not someone that 944 00:46:07,200 --> 00:46:09,520 Speaker 7: is going to do the shorter term trading. If you're 945 00:46:09,520 --> 00:46:12,200 Speaker 7: someone that's gonna do a lot of the longer term trading, 946 00:46:12,280 --> 00:46:14,680 Speaker 7: this can really be great for you to be able 947 00:46:14,719 --> 00:46:17,279 Speaker 7: to look at positions like this on companies like this 948 00:46:18,120 --> 00:46:21,160 Speaker 7: because this can set you up better and you're not 949 00:46:21,440 --> 00:46:24,680 Speaker 7: looking at it every single day. And also, the short 950 00:46:24,760 --> 00:46:28,680 Speaker 7: term volatility in the markets doesn't really affect options like 951 00:46:28,719 --> 00:46:32,000 Speaker 7: this that's dated out till twenty twenty four, and that's 952 00:46:32,040 --> 00:46:35,120 Speaker 7: important to understand those January twenty eight, twenty twenty two, 953 00:46:35,440 --> 00:46:38,200 Speaker 7: if Apple has, you know, a bad day, you're gonna 954 00:46:38,200 --> 00:46:43,000 Speaker 7: significantly see that hurt on your cause. But in January nineteen, 955 00:46:43,080 --> 00:46:45,680 Speaker 7: twenty twenty four, Apple has a bad day, it's not 956 00:46:45,760 --> 00:46:47,920 Speaker 7: going to really affect these premiums. So it's kind of 957 00:46:47,960 --> 00:46:50,719 Speaker 7: important to understand that you're playing a long term game 958 00:46:51,320 --> 00:46:52,720 Speaker 7: and these costs more money. 959 00:46:53,400 --> 00:46:55,320 Speaker 2: And so yeah, yeah, And I know people hear the 960 00:46:55,360 --> 00:46:57,879 Speaker 2: word long term and they think options, and I'm like, well, 961 00:46:57,920 --> 00:47:00,400 Speaker 2: in the options trading long term would be two and 962 00:47:00,480 --> 00:47:03,480 Speaker 2: a half to three years. And then we'll talk about 963 00:47:03,800 --> 00:47:05,920 Speaker 2: maybe I should give away that game today, right, how 964 00:47:05,920 --> 00:47:08,839 Speaker 2: to turn into a long term investment. Yeah, yeah, let's 965 00:47:08,840 --> 00:47:10,480 Speaker 2: do it. Let's do it. Let let's keep rolling though. 966 00:47:11,320 --> 00:47:15,360 Speaker 2: All right, So this is an actual option chain, and Lawrence, 967 00:47:15,360 --> 00:47:17,360 Speaker 2: I'm gonna let you go crazy here because yesterday you 968 00:47:17,400 --> 00:47:19,600 Speaker 2: went crazy with this, so I'm gonna let you go crazy. 969 00:47:19,640 --> 00:47:22,520 Speaker 5: So explain to them exactly what they're seeing here. 970 00:47:22,960 --> 00:47:26,280 Speaker 7: For sure, non perfect. So we've pulled up now Apple 971 00:47:26,360 --> 00:47:29,520 Speaker 7: January nineteenth, twenty twenty four, so it's seven hundred and 972 00:47:29,600 --> 00:47:33,120 Speaker 7: sixty one days to expiration. So we have the expiration date, 973 00:47:33,320 --> 00:47:36,799 Speaker 7: we have the calls, we have the bidden ass spread. 974 00:47:37,000 --> 00:47:38,960 Speaker 7: So let's take a look. So if you look on 975 00:47:39,000 --> 00:47:42,239 Speaker 7: the call side here, you have a calls listed all 976 00:47:42,239 --> 00:47:44,520 Speaker 7: the way from the fifty call. So that's a deep 977 00:47:44,560 --> 00:47:47,480 Speaker 7: in the money call. So imagine people who have been 978 00:47:47,560 --> 00:47:51,680 Speaker 7: holding these one hundred dollars calls, fifty dollars, calls one 979 00:47:51,760 --> 00:47:54,400 Speaker 7: hundred and fifteen, one hundred and twenty five. All of 980 00:47:54,440 --> 00:47:56,759 Speaker 7: these people are now in the money and they have 981 00:47:56,960 --> 00:47:59,640 Speaker 7: all the way until twenty twenty four. So what does 982 00:47:59,680 --> 00:48:03,520 Speaker 7: that mean? That means what they have intrinsic value. So 983 00:48:03,760 --> 00:48:06,600 Speaker 7: it's important and it's important to really understand and pay 984 00:48:06,600 --> 00:48:10,520 Speaker 7: attention to two things, volume and open interest. A lot 985 00:48:10,600 --> 00:48:13,320 Speaker 7: of times people say like, how do I get my strike? 986 00:48:13,719 --> 00:48:16,840 Speaker 7: Where should I be looking for my strike? Volume? You 987 00:48:16,880 --> 00:48:19,600 Speaker 7: want to pay attention to the volume. So just because 988 00:48:19,600 --> 00:48:22,399 Speaker 7: the option is in the money doesn't necessarily mean that 989 00:48:22,400 --> 00:48:25,000 Speaker 7: that's an option that you want to purchase. You try 990 00:48:25,040 --> 00:48:27,760 Speaker 7: to look for the options that have the highest volume 991 00:48:28,000 --> 00:48:32,640 Speaker 7: and highest open interest. Why is that key Because options 992 00:48:32,760 --> 00:48:36,560 Speaker 7: increase not just because the stock price increased, but they 993 00:48:36,680 --> 00:48:42,560 Speaker 7: increase because of something called VEGA, which is implied volatility IV. 994 00:48:43,360 --> 00:48:46,640 Speaker 7: So the increase in demand for your option can actually 995 00:48:46,680 --> 00:48:50,360 Speaker 7: cause that options price to actually increase. So, for example, 996 00:48:50,640 --> 00:48:52,000 Speaker 7: in the end the money, if you look at the 997 00:48:52,040 --> 00:48:55,160 Speaker 7: one fifty call, it has a volume. So what is volume? 998 00:48:55,239 --> 00:48:58,800 Speaker 7: Let's talk about volume the total amount of contracts traded 999 00:48:59,320 --> 00:49:02,799 Speaker 7: at that given day. Open interest the total amount of 1000 00:49:02,840 --> 00:49:06,680 Speaker 7: contracts open at that given strike, So you have eleven 1001 00:49:06,719 --> 00:49:09,680 Speaker 7: thousand open interests, so the amount of contracts that are 1002 00:49:09,719 --> 00:49:12,799 Speaker 7: actually open. So a lot of times, and I see 1003 00:49:12,800 --> 00:49:14,879 Speaker 7: a question that just came in. What is considered high 1004 00:49:14,960 --> 00:49:18,200 Speaker 7: volume A lot of times anything pretty much over five hundred. 1005 00:49:18,280 --> 00:49:20,239 Speaker 7: A lot of times consider a little bit higher on 1006 00:49:20,280 --> 00:49:23,799 Speaker 7: the volume. It also depends on what particular options chain 1007 00:49:23,880 --> 00:49:26,880 Speaker 7: that you're looking at. The S and P five hundred 1008 00:49:27,040 --> 00:49:30,120 Speaker 7: is the most liquid options chain out there. A lot 1009 00:49:30,200 --> 00:49:32,720 Speaker 7: of times, how we're looking here, we're seeing like seventy 1010 00:49:32,760 --> 00:49:35,320 Speaker 7: two twenty fifty eight. You won't see that on the 1011 00:49:35,440 --> 00:49:38,040 Speaker 7: S and P five hundred. You'll see volume of five thousand, 1012 00:49:38,120 --> 00:49:41,240 Speaker 7: ten thousand open interests of twenty thousand and thirty thousand. 1013 00:49:41,840 --> 00:49:43,960 Speaker 7: S and P five hundred is actively traded. 1014 00:49:44,200 --> 00:49:46,960 Speaker 2: Yeah, And I just want to note too, Right, since 1015 00:49:46,960 --> 00:49:48,160 Speaker 2: we're so far out, you're not going to. 1016 00:49:48,160 --> 00:49:49,200 Speaker 5: See those type of numbers. 1017 00:49:49,239 --> 00:49:54,560 Speaker 2: But if we had opened that Apple January twenty eighth goal, 1018 00:49:54,680 --> 00:49:56,480 Speaker 2: you would see those type of numbers, right, So you'll 1019 00:49:56,480 --> 00:50:00,360 Speaker 2: see the twenty thousands because it's so that's very in 1020 00:50:00,400 --> 00:50:02,319 Speaker 2: the near future, right, this is so far out that 1021 00:50:02,360 --> 00:50:04,800 Speaker 2: most people aren't looking at these, but I will say, 1022 00:50:05,200 --> 00:50:07,279 Speaker 2: if you look at that two hundred, right, you see 1023 00:50:07,280 --> 00:50:10,440 Speaker 2: that volume over over five hundred right now and a 1024 00:50:10,440 --> 00:50:12,719 Speaker 2: lot of open interest. So somebody was thinking on the 1025 00:50:12,719 --> 00:50:15,200 Speaker 2: same wavelength that we were when we said, all right, well, 1026 00:50:15,239 --> 00:50:17,399 Speaker 2: this is how we got our strike here, because if 1027 00:50:17,400 --> 00:50:20,120 Speaker 2: it just does ten percent over the next two years, 1028 00:50:20,280 --> 00:50:23,560 Speaker 2: each year, it's to eleven to be a number, and 1029 00:50:23,600 --> 00:50:24,440 Speaker 2: we went below it. 1030 00:50:24,960 --> 00:50:27,960 Speaker 7: Yeah, Now that's key because you want to pay attention 1031 00:50:28,040 --> 00:50:30,680 Speaker 7: to the options that have you know, a high volume, 1032 00:50:30,680 --> 00:50:33,239 Speaker 7: a high open interest, particularly like Troy just said that 1033 00:50:33,280 --> 00:50:36,040 Speaker 7: two hundred. So like one thing that I will say 1034 00:50:36,160 --> 00:50:40,080 Speaker 7: is is that institutions try to hide a lot of information. 1035 00:50:40,239 --> 00:50:42,439 Speaker 7: One thing that you can't hide is you can't hide 1036 00:50:42,440 --> 00:50:45,479 Speaker 7: money flow. You can't hide where money is flowing into. 1037 00:50:45,960 --> 00:50:48,520 Speaker 7: And that's what you can see from volume open interest 1038 00:50:48,600 --> 00:50:51,839 Speaker 7: is where is money flowing into? The key to really 1039 00:50:51,920 --> 00:50:54,600 Speaker 7: a lot of times understanding you know where a stock 1040 00:50:54,680 --> 00:50:57,640 Speaker 7: is heading to. It's seeing, hey, where are the bets 1041 00:50:57,640 --> 00:51:00,200 Speaker 7: being placed. Obviously we're seeing a lot of bit to 1042 00:51:00,200 --> 00:51:02,240 Speaker 7: be in place that they're two hundred called for Apple, 1043 00:51:02,760 --> 00:51:05,399 Speaker 7: And so the open interest in a volume a lot 1044 00:51:05,400 --> 00:51:08,439 Speaker 7: of times can express and show you that you're also 1045 00:51:08,480 --> 00:51:12,080 Speaker 7: seeing here similar, you're seeing the bid ass spread, so 1046 00:51:12,120 --> 00:51:15,200 Speaker 7: you're seeing that different. So the bid obviously the price 1047 00:51:15,239 --> 00:51:16,960 Speaker 7: that you're bidding at the ass. You don't want to 1048 00:51:17,040 --> 00:51:19,600 Speaker 7: use that price. If you get filed at the ass 1049 00:51:19,640 --> 00:51:22,480 Speaker 7: you're more than likely going to be down instantaneously. So 1050 00:51:22,520 --> 00:51:25,400 Speaker 7: the volume is the total amount of contracts being traded 1051 00:51:25,640 --> 00:51:28,440 Speaker 7: at that given time. Then the open interest is the 1052 00:51:28,440 --> 00:51:31,040 Speaker 7: total amount of contracts actually opened at that time. 1053 00:51:31,440 --> 00:51:37,800 Speaker 2: So yeah, all right, So why are people trading options? 1054 00:51:38,080 --> 00:51:41,120 Speaker 2: This is very important? This is very important, right, And 1055 00:51:41,160 --> 00:51:43,200 Speaker 2: so a lot of people have heard the numbers, they 1056 00:51:43,280 --> 00:51:45,360 Speaker 2: seen some of the percentages, they see people putting up 1057 00:51:45,400 --> 00:51:48,240 Speaker 2: their numbers on Instagram and social media. Right, it's because 1058 00:51:48,480 --> 00:51:50,480 Speaker 2: the growth of the option contract is different from the 1059 00:51:50,520 --> 00:51:54,360 Speaker 2: growth of the asset, right, And so this is key. 1060 00:51:54,960 --> 00:51:59,240 Speaker 2: And you have to remember this trend is your friend, right, 1061 00:51:59,360 --> 00:52:02,920 Speaker 2: and so the asset just needs to trend towards your 1062 00:52:03,080 --> 00:52:06,520 Speaker 2: call or your puts stripe price. And so I'm gonna 1063 00:52:06,520 --> 00:52:08,680 Speaker 2: give you example here, right, So if apple stock was 1064 00:52:08,719 --> 00:52:11,240 Speaker 2: traded right now one hundred and seventy files eighty seven cents, 1065 00:52:11,480 --> 00:52:13,520 Speaker 2: if it grows to one hundred and ninety two dollars, 1066 00:52:13,560 --> 00:52:16,040 Speaker 2: that's a ten percent increase on your investment. So if 1067 00:52:16,080 --> 00:52:19,239 Speaker 2: you bought the shares or you bought the stock at 1068 00:52:19,320 --> 00:52:21,680 Speaker 2: that number and a brutal one hundred ninety two dollars, 1069 00:52:21,840 --> 00:52:26,000 Speaker 2: it's a ten percent increase. If you bought a bid 1070 00:52:26,160 --> 00:52:29,080 Speaker 2: at seven dollars, like we just showed you earlier, and 1071 00:52:29,280 --> 00:52:31,520 Speaker 2: it was filled at seven dollars or seven hundred dollars, 1072 00:52:32,200 --> 00:52:35,680 Speaker 2: that price earners what's up. You ever walk into a 1073 00:52:35,719 --> 00:52:39,440 Speaker 2: small business and everything just works like, the checkout is fast, 1074 00:52:39,480 --> 00:52:43,239 Speaker 2: the receipts are digital, tipping is a breeze, and you're 1075 00:52:43,320 --> 00:52:46,040 Speaker 2: out the door before the line even builds. Odds are 1076 00:52:46,480 --> 00:52:50,080 Speaker 2: they're using Square. We love supporting businesses that run on 1077 00:52:50,120 --> 00:52:52,840 Speaker 2: Square because it just feels seamless. Whether it's a local 1078 00:52:52,880 --> 00:52:55,759 Speaker 2: coffee shop, a vendor at a pop up market, or 1079 00:52:55,800 --> 00:52:58,960 Speaker 2: even one of our merch partners. Square makes it easy 1080 00:52:59,040 --> 00:53:02,239 Speaker 2: for them to take pain, manage inventory, and run their 1081 00:53:02,280 --> 00:53:06,239 Speaker 2: business with confidence, all from one simple system. If you're 1082 00:53:06,280 --> 00:53:09,560 Speaker 2: a business owner or even just thinking about launching something soon, 1083 00:53:09,920 --> 00:53:12,520 Speaker 2: Square is hands down one of the best tools out 1084 00:53:12,520 --> 00:53:15,799 Speaker 2: there to help you start, run and grow. It's not 1085 00:53:15,920 --> 00:53:19,080 Speaker 2: just about payments, it's about giving you time back so 1086 00:53:19,120 --> 00:53:21,759 Speaker 2: you can focus on what matters most Ready. To see 1087 00:53:21,800 --> 00:53:25,600 Speaker 2: how Square can transform your business, visit Square dot com 1088 00:53:25,640 --> 00:53:30,480 Speaker 2: backslash go backslash eyl to learn more that Square dot 1089 00:53:30,520 --> 00:53:35,479 Speaker 2: Com backslash go backslash eyl. Don't wait, don't hesitate. Let's 1090 00:53:35,480 --> 00:53:37,960 Speaker 2: Square handle the back end so you can keep pushing 1091 00:53:37,960 --> 00:53:43,880 Speaker 2: your vision forward. This episode is brought to you by 1092 00:53:43,960 --> 00:53:46,719 Speaker 2: P and C Bank. A lot of people think podcasts 1093 00:53:46,719 --> 00:53:49,960 Speaker 2: about work are boring, and sure, they definitely can be, 1094 00:53:50,480 --> 00:53:53,720 Speaker 2: but understanding a professionals routine shows us how they achieve 1095 00:53:53,800 --> 00:53:58,000 Speaker 2: their success little by little, day after day. It's like 1096 00:53:58,080 --> 00:54:00,960 Speaker 2: banking with P and C Bank night seeing boring the 1097 00:54:01,040 --> 00:54:04,239 Speaker 2: safe plan and make calculated decisions with your bank. But 1098 00:54:04,400 --> 00:54:06,880 Speaker 2: keeping your money boring is what helps you live or 1099 00:54:06,920 --> 00:54:11,240 Speaker 2: more happily fulfilled life. P and C Bank Brilliantly Boring 1100 00:54:11,280 --> 00:54:15,680 Speaker 2: since eighteen sixty five. Brilliantly Boring since eighteen sixty five 1101 00:54:15,800 --> 00:54:18,719 Speaker 2: is a service mark of the PNC Financial Service Group, Inc. 1102 00:54:19,200 --> 00:54:22,600 Speaker 2: P and C Bank National Association Member FDIC. 1103 00:54:24,360 --> 00:54:28,040 Speaker 1: An illegal alien from Guatemala charged with raping a child 1104 00:54:28,040 --> 00:54:31,840 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 1105 00:54:32,080 --> 00:54:36,239 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 1106 00:54:36,320 --> 00:54:40,200 Speaker 1: filming and selling child pornography in Michigan. These are just 1107 00:54:40,280 --> 00:54:44,000 Speaker 1: some of the heinous migrant criminals caught because of President 1108 00:54:44,080 --> 00:54:47,680 Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States 1109 00:54:47,680 --> 00:54:52,480 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 1110 00:54:52,520 --> 00:54:56,080 Speaker 1: crossings are at the lowest levels ever recorded, and over 1111 00:54:56,120 --> 00:54:59,319 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 1112 00:54:59,400 --> 00:55:03,280 Speaker 1: were here illegally, your next you will be fined nearly 1113 00:55:03,360 --> 00:55:07,359 Speaker 1: one thousand dollars a day, imprisoned, and deported. You will 1114 00:55:07,400 --> 00:55:11,040 Speaker 1: never return. But if you register using our CBP home 1115 00:55:11,080 --> 00:55:14,480 Speaker 1: app and leave now, you could be allowed to return legally. 1116 00:55:14,840 --> 00:55:19,600 Speaker 1: Do what's right. Leave now. Under President Trump, America's laws, 1117 00:55:19,760 --> 00:55:22,200 Speaker 1: border and families will be protected. 1118 00:55:22,320 --> 00:55:25,440 Speaker 2: Sponsored by the United States Department of Homeland Security grows 1119 00:55:25,480 --> 00:55:28,040 Speaker 2: as the asset grows. So if the big grows to 1120 00:55:28,160 --> 00:55:31,400 Speaker 2: ten fifty cents or one thousand dollars one thousand and 1121 00:55:31,400 --> 00:55:35,200 Speaker 2: fifty dollars, you've made fifty percent on your investment. And 1122 00:55:35,280 --> 00:55:38,600 Speaker 2: so obviously that's a forty percent difference, and so people 1123 00:55:38,640 --> 00:55:41,840 Speaker 2: find it way more attractive to being options because the 1124 00:55:41,880 --> 00:55:45,560 Speaker 2: growth potential is just a little bit more a lot 1125 00:55:45,640 --> 00:55:48,520 Speaker 2: more than you could if you just invest it in 1126 00:55:48,560 --> 00:55:49,520 Speaker 2: the asset itself. 1127 00:55:50,320 --> 00:55:52,120 Speaker 5: What's best? Why not do both? 1128 00:55:52,280 --> 00:55:52,440 Speaker 3: Right? 1129 00:55:52,480 --> 00:55:55,720 Speaker 2: Why not buy the stock and also have a call 1130 00:55:56,320 --> 00:55:58,920 Speaker 2: or a put to protect yourself and head yourself against 1131 00:55:58,920 --> 00:56:01,880 Speaker 2: any pullback on the asset itself. And so this is 1132 00:56:02,000 --> 00:56:04,160 Speaker 2: very key, right, That's a huge difference. And this is 1133 00:56:04,160 --> 00:56:05,920 Speaker 2: when it gets people's eyes open. They're like, how do 1134 00:56:06,000 --> 00:56:08,120 Speaker 2: you do ten percent? How do you do one hundred? 1135 00:56:08,239 --> 00:56:10,560 Speaker 2: How do you do one thousand percent? This is why 1136 00:56:10,600 --> 00:56:13,120 Speaker 2: because we get bids and we keep them at our limits, 1137 00:56:13,200 --> 00:56:16,080 Speaker 2: and we keep them long term, and we are patient 1138 00:56:16,120 --> 00:56:18,440 Speaker 2: with them. We'll let them grow. And we also this 1139 00:56:18,480 --> 00:56:20,799 Speaker 2: is key and I want everybody to remember this right, 1140 00:56:20,800 --> 00:56:23,080 Speaker 2: And this I'm Gonnake Sholey's analogy. When you go to 1141 00:56:23,120 --> 00:56:24,799 Speaker 2: the movie theater, before the movie starts, the first thing 1142 00:56:24,800 --> 00:56:26,680 Speaker 2: they do is tell you where the exits are. And 1143 00:56:26,719 --> 00:56:28,640 Speaker 2: so I want you to treat your portfolio the same way. 1144 00:56:28,680 --> 00:56:30,480 Speaker 2: Don't get into a position before you know where you're 1145 00:56:30,480 --> 00:56:33,520 Speaker 2: going to exit, whether it's a percentage or whether it's 1146 00:56:33,560 --> 00:56:35,640 Speaker 2: a dollar amount. And so when people ask well when 1147 00:56:35,640 --> 00:56:37,799 Speaker 2: should I sell? When should I sell? You can sell 1148 00:56:37,840 --> 00:56:40,920 Speaker 2: whenever you want right whenever your exit strategy was, that's 1149 00:56:40,920 --> 00:56:42,680 Speaker 2: what you should stick to. And so if you made 1150 00:56:42,680 --> 00:56:45,440 Speaker 2: twenty percent and twenty percent was your exit, leave at 1151 00:56:45,440 --> 00:56:47,839 Speaker 2: twenty right now the pain will herd when you see 1152 00:56:47,840 --> 00:56:50,160 Speaker 2: it go to one hundred. But you got to be 1153 00:56:50,239 --> 00:56:52,480 Speaker 2: comfortable with no one like that was my plan. I'm 1154 00:56:52,520 --> 00:56:54,880 Speaker 2: sticking to it, And so people just have to remember 1155 00:56:54,920 --> 00:56:57,960 Speaker 2: that because you do that consistently, Like, we shouldn't slouch 1156 00:56:58,040 --> 00:57:01,080 Speaker 2: at twenty percent. It's a great return, right, It's just 1157 00:57:01,120 --> 00:57:02,879 Speaker 2: that people get entice when they see that, Oh wait, 1158 00:57:02,880 --> 00:57:04,719 Speaker 2: there's so much more potential. But as you get more 1159 00:57:04,760 --> 00:57:08,120 Speaker 2: experienced and more seasoned trading, you'll see that. All right, 1160 00:57:08,160 --> 00:57:10,400 Speaker 2: well that was my exit this time. What will I 1161 00:57:10,400 --> 00:57:12,239 Speaker 2: do next time? What's going to be my alternative? What 1162 00:57:12,239 --> 00:57:14,400 Speaker 2: have I learned from that investment going forward? 1163 00:57:15,040 --> 00:57:17,479 Speaker 7: Yeah, And I even wanted to touch on this because 1164 00:57:17,520 --> 00:57:20,000 Speaker 7: I think this is I think this is important because 1165 00:57:20,920 --> 00:57:24,560 Speaker 7: it's good to have a daily goal, especially if you're 1166 00:57:24,680 --> 00:57:27,440 Speaker 7: someone who's doing a shorter term options trading. I know 1167 00:57:27,480 --> 00:57:29,920 Speaker 7: a lot of people are a lot of times your 1168 00:57:30,000 --> 00:57:33,000 Speaker 7: daily goal can keep you out of trouble. And take 1169 00:57:33,040 --> 00:57:36,160 Speaker 7: this from someone that you know has lost money trading 1170 00:57:36,280 --> 00:57:40,040 Speaker 7: options in a short term basis before sticking to a 1171 00:57:40,120 --> 00:57:42,720 Speaker 7: daily goal, and then also having like a goal, like 1172 00:57:42,760 --> 00:57:45,720 Speaker 7: a percentage goal, is really really key. A lot of 1173 00:57:45,760 --> 00:57:48,760 Speaker 7: times we get into these trades and I see a 1174 00:57:48,760 --> 00:57:51,800 Speaker 7: lot of times people are up, you know, five hundred percent, 1175 00:57:51,840 --> 00:57:53,920 Speaker 7: and they're DM and me and they're asking me what 1176 00:57:54,000 --> 00:57:57,000 Speaker 7: should I do? Should I sell? Like, I'm like, guys, 1177 00:57:57,000 --> 00:57:59,440 Speaker 7: come on five hundred percent. I mean, I don't know 1178 00:57:59,480 --> 00:58:00,560 Speaker 7: where they're doing that at. 1179 00:58:00,920 --> 00:58:01,240 Speaker 3: Tell me. 1180 00:58:01,440 --> 00:58:04,880 Speaker 7: So the thing is is, guys, be willing to take profit, 1181 00:58:05,440 --> 00:58:09,280 Speaker 7: and don't be greedy. Please, don't be greedy. Be willing 1182 00:58:09,320 --> 00:58:12,080 Speaker 7: to take profit. And if you have multiple options and 1183 00:58:12,120 --> 00:58:15,120 Speaker 7: you see an over one hundred percent return, there's nothing 1184 00:58:15,200 --> 00:58:18,240 Speaker 7: wrong with using the fifty rule. What is the fifty rule? 1185 00:58:18,600 --> 00:58:21,520 Speaker 7: So if Troy has ten options and they've went up 1186 00:58:21,520 --> 00:58:24,640 Speaker 7: one hundred percent, there's nothing wrong with him taking five 1187 00:58:24,880 --> 00:58:27,920 Speaker 7: and leaving five runners to say, hey, you know, I 1188 00:58:27,920 --> 00:58:30,200 Speaker 7: can take these five off the table and I can 1189 00:58:30,280 --> 00:58:32,840 Speaker 7: leave the other five. So the fifty rule is something 1190 00:58:32,840 --> 00:58:35,959 Speaker 7: that I really want to apply. I apply all the time. 1191 00:58:36,000 --> 00:58:39,400 Speaker 7: You never lose money taking profits. And I tell people 1192 00:58:39,400 --> 00:58:41,000 Speaker 7: that the fifty rule can really keep a lot of 1193 00:58:41,000 --> 00:58:43,520 Speaker 7: people out of trouble, especially with the short term options 1194 00:58:43,600 --> 00:58:45,920 Speaker 7: or with the longer term options. To make sure that 1195 00:58:45,960 --> 00:58:49,120 Speaker 7: you're taking your profits and securing your bag. 1196 00:58:49,680 --> 00:58:51,800 Speaker 2: That's important Shore, I know, shout out to Ben. That's 1197 00:58:51,800 --> 00:58:53,640 Speaker 2: something that he does. Right, If he buys ten contracts, 1198 00:58:53,680 --> 00:58:56,240 Speaker 2: he takes profit. I'll sell five and I'll let five 1199 00:58:56,360 --> 00:58:58,720 Speaker 2: keep going. And so that's a great strategy. I think 1200 00:58:58,760 --> 00:59:00,280 Speaker 2: that's the maining strategy. A lot of people will get 1201 00:59:00,320 --> 00:59:02,560 Speaker 2: caught up like can I sell before my strike date, 1202 00:59:03,720 --> 00:59:06,200 Speaker 2: before my expiration date? Yes, you can sell before your 1203 00:59:06,200 --> 00:59:08,800 Speaker 2: exploration date. Can I take profit? You can take profit 1204 00:59:08,840 --> 00:59:12,040 Speaker 2: whenever you want, right, That's up to you. But again, 1205 00:59:12,160 --> 00:59:14,520 Speaker 2: create your strategy. Know what your strategy is. So when 1206 00:59:14,560 --> 00:59:17,400 Speaker 2: it hits your number, you're you're okay with it and 1207 00:59:17,440 --> 00:59:19,080 Speaker 2: you're taking profit. There's nothing wrong with that. 1208 00:59:19,520 --> 00:59:24,400 Speaker 6: Yeah, you do have taxes, short term capital gain tax. 1209 00:59:24,440 --> 00:59:27,640 Speaker 6: If you if you sell a position under a year 1210 00:59:28,240 --> 00:59:29,960 Speaker 6: and if you keep it for longer than a year, 1211 00:59:30,040 --> 00:59:34,480 Speaker 6: it's long term capital gains. So long term of day, Yeah, 1212 00:59:34,520 --> 00:59:38,600 Speaker 6: long term capital gains is lower than short term capital gain. 1213 00:59:38,680 --> 00:59:42,160 Speaker 6: So that is something that just you know, at least no, 1214 00:59:42,240 --> 00:59:44,040 Speaker 6: at least be aware of something that might want to 1215 00:59:44,040 --> 00:59:44,840 Speaker 6: take and take a sideration. 1216 00:59:44,880 --> 00:59:48,080 Speaker 3: You might not want to take take consideration, but please do. 1217 00:59:48,840 --> 00:59:51,760 Speaker 2: I just want to go back here really quickly. It's 1218 00:59:51,800 --> 00:59:55,240 Speaker 2: let me go back here really quickly. I'm gonna get 1219 00:59:55,360 --> 00:59:58,280 Speaker 2: some game real quick. Merry Christmas. No, So a lot 1220 00:59:58,320 --> 01:00:00,400 Speaker 2: of people talk about long term invest in this saying, look, 1221 01:00:00,400 --> 01:00:03,560 Speaker 2: if you're investing options, it's not long term investment. I'm 1222 01:00:03,560 --> 01:00:05,160 Speaker 2: gonna show you how you can turn it into long 1223 01:00:05,240 --> 01:00:09,040 Speaker 2: term investment. And fran Lawrence, we spoke about this and 1224 01:00:09,360 --> 01:00:12,000 Speaker 2: you were like, yeah, this is exactly how you do it. 1225 01:00:12,120 --> 01:00:13,840 Speaker 2: And so here's what happened. This is actually in my 1226 01:00:13,840 --> 01:00:18,480 Speaker 2: account right now. So in a maybe May twenty twenty, 1227 01:00:18,600 --> 01:00:21,760 Speaker 2: I bought five contracts at AMD at a seventy five call. 1228 01:00:22,040 --> 01:00:23,200 Speaker 2: Right So it was a call I said, it's going 1229 01:00:23,240 --> 01:00:25,320 Speaker 2: to appreciate. So at the time it was fifty seven dollars. 1230 01:00:25,720 --> 01:00:27,520 Speaker 2: I said, all right, well, I'm looking at the fundamentals. 1231 01:00:27,560 --> 01:00:29,439 Speaker 2: I looked at the technicals. I said, all right, we're 1232 01:00:29,440 --> 01:00:32,800 Speaker 2: in Corona. This is a semiconductor. We love semi conductors. 1233 01:00:32,800 --> 01:00:35,680 Speaker 2: That's why we keep talking about them in hit. I'm like, 1234 01:00:35,720 --> 01:00:38,520 Speaker 2: seventy five, that's my call for January twenty twenty two. 1235 01:00:38,560 --> 01:00:41,080 Speaker 2: So I gave myself at least eighteen to nineteen months 1236 01:00:41,080 --> 01:00:47,160 Speaker 2: for this contract to mature. However, AMD has run up. 1237 01:00:47,480 --> 01:00:50,680 Speaker 2: The actual stock itself has run up, and so obviously 1238 01:00:50,760 --> 01:00:54,640 Speaker 2: as the stock runs up, so does my intrinsic value 1239 01:00:55,040 --> 01:00:58,240 Speaker 2: of my contracts. And so that's run up pretty nicely. 1240 01:00:58,240 --> 01:01:00,200 Speaker 2: I think AMD hit a high one point sixty three. 1241 01:01:00,320 --> 01:01:01,920 Speaker 2: Did it get up to one sixty three? My correct 1242 01:01:01,960 --> 01:01:04,480 Speaker 2: on that, Yeah, so it's an all time high. I 1243 01:01:04,480 --> 01:01:07,280 Speaker 2: want to say, like one sixty one sixty three, all right, 1244 01:01:07,320 --> 01:01:11,600 Speaker 2: And so remember my call was at seventy five. And 1245 01:01:11,640 --> 01:01:13,800 Speaker 2: so here's what I did. I had the right to right, 1246 01:01:13,920 --> 01:01:16,959 Speaker 2: I exercised the contract. And so if I have five 1247 01:01:17,040 --> 01:01:19,320 Speaker 2: contracts and you don't even have to exercise all five, 1248 01:01:19,800 --> 01:01:22,560 Speaker 2: I chose to. The key thing is when you exercise, 1249 01:01:22,600 --> 01:01:25,560 Speaker 2: I have to have the money in my account to 1250 01:01:25,720 --> 01:01:29,120 Speaker 2: buy those shares. So here's how this looks. I exercised 1251 01:01:29,160 --> 01:01:32,320 Speaker 2: all five contracts at seventy five dollars, and so five 1252 01:01:32,400 --> 01:01:36,160 Speaker 2: hundred shares right at twenty five at seventy five dollars, 1253 01:01:36,160 --> 01:01:38,520 Speaker 2: because I have the right to buy it at that, 1254 01:01:38,760 --> 01:01:42,480 Speaker 2: it's going to cost me thirty five thousand dollars. Luckily, 1255 01:01:42,480 --> 01:01:45,400 Speaker 2: I had a great year, so I had the thirty five. 1256 01:01:45,400 --> 01:01:46,680 Speaker 2: But I didn't have to. I could have just did 1257 01:01:46,880 --> 01:01:48,600 Speaker 2: the five hundred. Would it cost me seventy five hundred? 1258 01:01:48,640 --> 01:01:50,680 Speaker 2: And I'm like, okay, bet, And somebody's like, wait, that's 1259 01:01:50,680 --> 01:01:52,720 Speaker 2: a lot of money, and that's a waste of money. 1260 01:01:52,760 --> 01:01:54,720 Speaker 5: How's this long term investment? Well, here's why. 1261 01:01:55,360 --> 01:01:59,920 Speaker 2: Today, if you try to buy five hundred shares of AMD, 1262 01:02:00,080 --> 01:02:03,880 Speaker 2: it would cost you seventy one thousand, five hundred dollars. 1263 01:02:04,200 --> 01:02:06,680 Speaker 2: Why because you don't have the option to buy it 1264 01:02:06,720 --> 01:02:09,680 Speaker 2: at seventy five. I did that, so I have the 1265 01:02:09,800 --> 01:02:12,400 Speaker 2: right to do it at seventy five dollars. So here's 1266 01:02:12,440 --> 01:02:15,480 Speaker 2: the difference, right, it's right now at one hundred and 1267 01:02:15,520 --> 01:02:18,919 Speaker 2: forty three dollars. I'm taking it. Seventy five is which 1268 01:02:18,960 --> 01:02:21,120 Speaker 2: my call by contract was at. So there's a difference 1269 01:02:21,160 --> 01:02:25,520 Speaker 2: of sixty eight dollars. So when I exercise this contract, 1270 01:02:25,600 --> 01:02:29,240 Speaker 2: as soon as I exercise it, each share has a 1271 01:02:29,720 --> 01:02:33,080 Speaker 2: sixty eight dollars in value, right, So I bought them 1272 01:02:33,080 --> 01:02:36,120 Speaker 2: at seventy five. As soon as I exercised the contract, 1273 01:02:36,160 --> 01:02:41,480 Speaker 2: those five hundred shares now each have sixty eight dollarsand value. 1274 01:02:41,520 --> 01:02:43,480 Speaker 5: So that easy math right there for you. 1275 01:02:43,800 --> 01:02:47,200 Speaker 2: Five hundred series time sixty eight dollars is thirty four thousand. 1276 01:02:47,640 --> 01:02:50,360 Speaker 2: So now the thirty five thousand that are spending doesn't 1277 01:02:50,400 --> 01:02:53,040 Speaker 2: look as crazy because I already have thirty four thousand 1278 01:02:53,280 --> 01:02:55,080 Speaker 2: in value as soon as. 1279 01:02:54,880 --> 01:02:57,480 Speaker 5: I exercise it. But that's not the best part. 1280 01:02:58,560 --> 01:03:04,440 Speaker 2: Let me go to Let me go ahead, Let's go 1281 01:03:04,480 --> 01:03:07,920 Speaker 2: to bar shark. Let's go to bar shark. Everybody can 1282 01:03:07,920 --> 01:03:10,840 Speaker 2: still see my screen, Yes, sir, Let's look at the 1283 01:03:10,840 --> 01:03:13,880 Speaker 2: history of the performance of AMD. Right, Let's look what 1284 01:03:13,880 --> 01:03:15,920 Speaker 2: it has done over the past twenty years. Let's look what 1285 01:03:15,960 --> 01:03:18,000 Speaker 2: has done over the past ten years. Let's look what 1286 01:03:18,080 --> 01:03:20,960 Speaker 2: has done over the past five years, three years, two years. 1287 01:03:21,200 --> 01:03:24,080 Speaker 2: Guess what I now have. I have five hundred shares 1288 01:03:24,120 --> 01:03:26,560 Speaker 2: of AMD that I could have for the rest of 1289 01:03:26,560 --> 01:03:30,240 Speaker 2: my life. Right, I don't have an expiration data anymore. 1290 01:03:30,520 --> 01:03:33,800 Speaker 2: I now have five hundred shares, clear and free. What 1291 01:03:33,840 --> 01:03:35,720 Speaker 2: can I do with that? I could pass that down, 1292 01:03:35,840 --> 01:03:37,800 Speaker 2: I could add to it, I can make it another position. 1293 01:03:37,840 --> 01:03:39,720 Speaker 2: While I'm like, all right, I want to do a 1294 01:03:39,760 --> 01:03:42,800 Speaker 2: thousand shares of this company, I heard my brother Ian say, look, 1295 01:03:43,520 --> 01:03:48,200 Speaker 2: AMD is going to be three twelve by January twenty four. 1296 01:03:48,680 --> 01:03:50,360 Speaker 2: So you're looking at a guy who got them at 1297 01:03:50,400 --> 01:03:53,360 Speaker 2: seventy five dollars, and I have five hundred shares that 1298 01:03:53,480 --> 01:03:56,200 Speaker 2: potential growth. And obviously we speak about semi conductors and 1299 01:03:56,240 --> 01:03:58,920 Speaker 2: supply chain shortage and how that's going to correct yourself 1300 01:03:58,920 --> 01:04:00,640 Speaker 2: in either the second half of t twenty twenty two 1301 01:04:00,760 --> 01:04:03,680 Speaker 2: or beginning of twenty twenty three. Either way, I'm still 1302 01:04:03,760 --> 01:04:06,000 Speaker 2: going to be patient because now I have five hundred 1303 01:04:06,040 --> 01:04:08,640 Speaker 2: shares long term. And so when people talk about options 1304 01:04:08,680 --> 01:04:10,600 Speaker 2: and they say it's not really a long term investment, 1305 01:04:11,000 --> 01:04:13,560 Speaker 2: it can be if you get the asset at a 1306 01:04:13,800 --> 01:04:18,240 Speaker 2: valued price and it grows over the time of your contract. 1307 01:04:18,280 --> 01:04:21,080 Speaker 5: So it went from one foot not showing, Oh it's 1308 01:04:21,120 --> 01:04:21,680 Speaker 5: not showing that. 1309 01:04:22,000 --> 01:04:22,880 Speaker 7: Yeah, it's not showing. 1310 01:04:23,080 --> 01:04:24,600 Speaker 2: Oh, hold on, hold on, I got shared the right 1311 01:04:24,600 --> 01:04:28,320 Speaker 2: then new share my bad. 1312 01:04:28,400 --> 01:04:28,600 Speaker 4: Y'all. 1313 01:04:29,520 --> 01:04:30,240 Speaker 2: Y'all can see it. 1314 01:04:30,200 --> 01:04:33,720 Speaker 7: Now, Yes, sir, you see the bar chart, Yes, sir? 1315 01:04:33,920 --> 01:04:37,200 Speaker 5: All right, So we're looking at here five hundred and seventy. 1316 01:04:36,920 --> 01:04:40,800 Speaker 2: Percent, right, we're looking at two thousand per one thousand 1317 01:04:40,800 --> 01:04:45,840 Speaker 2: percent not doubt percentage seven hundred to twenty five, and 1318 01:04:45,880 --> 01:04:48,640 Speaker 2: so like if just based on that growth, even if 1319 01:04:48,680 --> 01:04:51,160 Speaker 2: it grows ten percent a year, I don't ever have 1320 01:04:51,240 --> 01:04:53,560 Speaker 2: to sell those five hundred hundred years, right, I could 1321 01:04:53,560 --> 01:04:54,680 Speaker 2: pass those one hundred years. 1322 01:04:54,720 --> 01:04:56,800 Speaker 5: I can give those hundred shares five hundred years. 1323 01:04:56,800 --> 01:04:59,760 Speaker 2: And so now that option that was a two year 1324 01:05:00,040 --> 01:05:02,880 Speaker 2: option right on my expiration date now becomes a long 1325 01:05:02,960 --> 01:05:06,760 Speaker 2: term investment inside of my portfolio. So that's another strategy 1326 01:05:06,800 --> 01:05:09,680 Speaker 2: like people really don't talk about, but they should. And 1327 01:05:09,840 --> 01:05:11,720 Speaker 2: a lot of times if you go to YouTube and 1328 01:05:11,720 --> 01:05:13,640 Speaker 2: you go to they'll tell you like ninety nine percent 1329 01:05:13,680 --> 01:05:16,480 Speaker 2: of the times you shouldn't exercise your contract. That's true 1330 01:05:16,480 --> 01:05:19,400 Speaker 2: if you're doing short term, but in these rare situations 1331 01:05:19,720 --> 01:05:21,920 Speaker 2: where the asset has grown and it has hit all 1332 01:05:21,960 --> 01:05:25,120 Speaker 2: time highs and your contract is so low, it kind 1333 01:05:25,120 --> 01:05:27,800 Speaker 2: of makes sense to exercise it because you have the 1334 01:05:27,840 --> 01:05:30,240 Speaker 2: long term shares for the rest of your life. I'm 1335 01:05:30,280 --> 01:05:32,600 Speaker 2: also this is true. I'm also I also have a 1336 01:05:32,680 --> 01:05:34,320 Speaker 2: five to ten This is a game. I never told 1337 01:05:34,320 --> 01:05:36,960 Speaker 2: anybody this. I have a five to ten testicle for 1338 01:05:37,080 --> 01:05:42,000 Speaker 2: January twenty three, right, So I can buy one hundred 1339 01:05:42,000 --> 01:05:44,800 Speaker 2: shares of Tesla at five hundred dollars today if I 1340 01:05:44,840 --> 01:05:47,360 Speaker 2: wanted to right, I'd have to have the money. Let's 1341 01:05:47,360 --> 01:05:50,800 Speaker 2: say Tesla runs to fifteen hundred. Each one of those 1342 01:05:50,880 --> 01:05:54,920 Speaker 2: hundred shares has now gained one thousand dollars. Right, if 1343 01:05:54,960 --> 01:05:58,240 Speaker 2: Tesla gets to fifteen hundred at some point over the 1344 01:05:58,240 --> 01:06:01,120 Speaker 2: next twelve months, right, because so vile talent in trades 1345 01:06:01,160 --> 01:06:02,520 Speaker 2: like that, could it happen? 1346 01:06:02,600 --> 01:06:02,800 Speaker 4: Yeah? 1347 01:06:02,880 --> 01:06:05,439 Speaker 2: If it gets a twelve hundred, guess what each share 1348 01:06:05,560 --> 01:06:08,560 Speaker 2: now has seven hundred dollars. So now I have seven 1349 01:06:08,640 --> 01:06:12,040 Speaker 2: hundred shares that all each have gained seven hundred dollars value, 1350 01:06:12,320 --> 01:06:15,080 Speaker 2: I'm up seventy thousand. So these are some of the ways, 1351 01:06:15,080 --> 01:06:17,400 Speaker 2: in some of the strategies that you can turn your 1352 01:06:17,440 --> 01:06:20,760 Speaker 2: option contract into a long term situation. Now, there are 1353 01:06:20,760 --> 01:06:22,200 Speaker 2: some things that you need to know, right, So the 1354 01:06:22,240 --> 01:06:26,080 Speaker 2: money you spent for the contract, right, sometimes and a 1355 01:06:26,080 --> 01:06:28,320 Speaker 2: lot of times, and if launch you probably can explain 1356 01:06:28,320 --> 01:06:32,040 Speaker 2: even more, the intrinsic value is lost, right, you can't. 1357 01:06:32,120 --> 01:06:34,080 Speaker 2: You don't get the money that you paid for the contract. 1358 01:06:34,080 --> 01:06:36,880 Speaker 2: It becomes part of the fees that you do for 1359 01:06:36,960 --> 01:06:40,360 Speaker 2: exercise in it. But when you think long term, right, 1360 01:06:40,360 --> 01:06:42,840 Speaker 2: maybe it was I think that AMD call was like 1361 01:06:43,000 --> 01:06:46,320 Speaker 2: four thousand dollars long term that four thousand dollars gonna 1362 01:06:46,320 --> 01:06:48,560 Speaker 2: come back. Yeah, the market goes up, AMD goes up, 1363 01:06:48,640 --> 01:06:50,680 Speaker 2: and like I said, let's say it gets to two 1364 01:06:50,760 --> 01:06:53,920 Speaker 2: hundred three hundred, I'm sitting here pretty with five hundred shares. 1365 01:06:54,120 --> 01:06:56,080 Speaker 2: I'm not thinking about the three hundred three thousand that 1366 01:06:56,120 --> 01:06:58,560 Speaker 2: I paid to actually get the contracts. So that's another 1367 01:06:58,560 --> 01:07:01,480 Speaker 2: little strategy. Most people don't talk about it. I'm telling 1368 01:07:01,520 --> 01:07:03,160 Speaker 2: you because I did it, and I did it with 1369 01:07:03,160 --> 01:07:05,320 Speaker 2: Apple too. That's how I explained that. Last year I 1370 01:07:05,320 --> 01:07:07,800 Speaker 2: got my six hundred shares of Apple, I did the 1371 01:07:07,840 --> 01:07:11,080 Speaker 2: same thing apple split. I was like, oh, this is 1372 01:07:11,120 --> 01:07:13,880 Speaker 2: perfect I can get I can get a five hundred, 1373 01:07:13,880 --> 01:07:16,480 Speaker 2: six hundred shares at one hundred dollars perfect now, when 1374 01:07:16,480 --> 01:07:18,360 Speaker 2: it was one hundred and twenty seven dollars at the time, 1375 01:07:18,360 --> 01:07:21,440 Speaker 2: I'm like, all right, that's not that's pretty cool interesting 1376 01:07:21,560 --> 01:07:23,960 Speaker 2: values there. But now that Apple is run up to 1377 01:07:23,960 --> 01:07:25,600 Speaker 2: one hundred and seventy five and I got them at 1378 01:07:25,600 --> 01:07:28,360 Speaker 2: one hundred. Now you got six hundred shares that each 1379 01:07:28,480 --> 01:07:32,200 Speaker 2: game seventy five dollars. And so that's just like another 1380 01:07:32,200 --> 01:07:32,760 Speaker 2: little strategy. 1381 01:07:32,840 --> 01:07:37,360 Speaker 6: Yeah, yeah, a whole lot of games, ladies and gentlemen 1382 01:07:37,920 --> 01:07:41,919 Speaker 6: that was yeah, ninety minutes. Man, we're not done yet, 1383 01:07:41,920 --> 01:07:43,840 Speaker 6: but it's definitely gonna be sae. I've seen some people asking, 1384 01:07:43,880 --> 01:07:46,080 Speaker 6: is it's gonna be saved on YouTube. Yes, it's gonna 1385 01:07:46,120 --> 01:07:48,360 Speaker 6: be saved on YouTube. So watch the replay. Talked about 1386 01:07:48,360 --> 01:07:52,560 Speaker 6: Greeks earlier in the presentation, so everything that you probably 1387 01:07:52,600 --> 01:07:54,240 Speaker 6: have questions about was probably covered over. 1388 01:07:54,160 --> 01:07:56,439 Speaker 3: The course of the ninety minutes. But we're gonna answer 1389 01:07:56,520 --> 01:07:56,960 Speaker 3: some questions. 1390 01:07:57,000 --> 01:08:01,320 Speaker 6: But before we do, once again, I just wanted to 1391 01:08:01,400 --> 01:08:03,160 Speaker 6: just kind of let you guys know what's going on here. 1392 01:08:03,200 --> 01:08:08,680 Speaker 6: So EYL University this is we do classes every single week, 1393 01:08:08,920 --> 01:08:10,200 Speaker 6: but we're actually adding something to. 1394 01:08:10,600 --> 01:08:19,080 Speaker 2: University breaking news alert all ready for this. I let 1395 01:08:19,120 --> 01:08:21,320 Speaker 2: you doing no, I gohad man, that's good thing. 1396 01:08:21,760 --> 01:08:23,400 Speaker 3: I mean, you know, you know the full details. 1397 01:08:23,600 --> 01:08:24,800 Speaker 5: So let me break this down. 1398 01:08:24,840 --> 01:08:27,920 Speaker 2: So obviously, Lawrence has been a part of e y 1399 01:08:28,080 --> 01:08:31,400 Speaker 2: L University, has been teaching the third Wednesdays of each month. 1400 01:08:31,439 --> 01:08:34,400 Speaker 2: But he said, you know what, I got a calling 1401 01:08:35,000 --> 01:08:36,960 Speaker 2: and I got asked do I want to teach? And 1402 01:08:37,000 --> 01:08:38,960 Speaker 2: he's you know, he was like, yeah, I want to teach, 1403 01:08:39,000 --> 01:08:41,200 Speaker 2: but I don't want to teach at Stanford. I want 1404 01:08:41,240 --> 01:08:44,200 Speaker 2: to teach at Yale or Harvard. I want to teach 1405 01:08:44,200 --> 01:08:46,960 Speaker 2: at e y L University. And so who are we 1406 01:08:47,080 --> 01:08:49,160 Speaker 2: not to oblige when we have a pride you like this, 1407 01:08:49,479 --> 01:08:52,720 Speaker 2: and so Frank Laurence like ke'p saying, Lawrence is going 1408 01:08:52,760 --> 01:08:56,559 Speaker 2: to do something special. He's going to be teaching every 1409 01:08:56,800 --> 01:09:01,800 Speaker 2: Monday and every Wednesday starting in January twenty twenty two. 1410 01:09:02,520 --> 01:09:03,360 Speaker 5: That's not it though. 1411 01:09:03,920 --> 01:09:07,960 Speaker 2: Every Monday at noon he will be trading live with 1412 01:09:08,000 --> 01:09:12,840 Speaker 2: you in eyl University live like actually as the market 1413 01:09:12,920 --> 01:09:15,439 Speaker 2: is open, he'll be in there and he'll be guiding, 1414 01:09:15,520 --> 01:09:18,400 Speaker 2: and he'll be teaching as the market's open, trading with 1415 01:09:18,439 --> 01:09:20,679 Speaker 2: you on Wednesdays at six. 1416 01:09:20,920 --> 01:09:22,479 Speaker 5: Wednesday at six shoutout to rants gyms. 1417 01:09:22,479 --> 01:09:28,440 Speaker 2: I know that drops. He will be teaching live Wednesday's 1418 01:09:28,439 --> 01:09:33,400 Speaker 2: at six to eyl University. Earnest every third Wednesday he 1419 01:09:33,439 --> 01:09:37,080 Speaker 2: will still be doing his class. He is a full 1420 01:09:37,640 --> 01:09:42,639 Speaker 2: time professor and a contributor to e y L. This 1421 01:09:42,720 --> 01:09:46,680 Speaker 2: is his chaining day. Everybody put the graduation caps in 1422 01:09:46,800 --> 01:09:52,000 Speaker 2: the chat. Lawrence is officially EYL Lawrence. He's officially part 1423 01:09:52,000 --> 01:09:54,840 Speaker 2: of the team. Everybody give him a warm welcome. 1424 01:09:55,080 --> 01:09:57,800 Speaker 6: And I appreciate that and so yeah, he's definitely a 1425 01:09:57,360 --> 01:10:00,040 Speaker 6: tenured professor and we do all we do all a 1426 01:10:00,040 --> 01:10:02,040 Speaker 6: lot different stuff in the UY University. We do crypto, 1427 01:10:02,439 --> 01:10:06,800 Speaker 6: we do investing, credit, real estate, so you know, have 1428 01:10:06,840 --> 01:10:09,760 Speaker 6: different professionals come teach classes. And one of the things 1429 01:10:09,760 --> 01:10:11,559 Speaker 6: that we're gonna do for twenty twenty two is have 1430 01:10:12,720 --> 01:10:15,920 Speaker 6: a few people actually teach like more than like one 1431 01:10:15,960 --> 01:10:18,680 Speaker 6: class every three months, like they might teach like, you know, 1432 01:10:19,040 --> 01:10:22,200 Speaker 6: twice a month or even every single week possibly. So 1433 01:10:22,800 --> 01:10:25,000 Speaker 6: that's something that you know, it's broad range, like I said, 1434 01:10:25,040 --> 01:10:28,479 Speaker 6: covering from credit to real estate, and you know, of 1435 01:10:28,479 --> 01:10:31,040 Speaker 6: course stocks investing, we've been doing that, so it's just 1436 01:10:31,080 --> 01:10:33,400 Speaker 6: you know, just adding on to that, and we felt 1437 01:10:33,479 --> 01:10:37,880 Speaker 6: Lawrence was the perfect person to you know, to spearhead 1438 01:10:37,920 --> 01:10:38,719 Speaker 6: that for So. 1439 01:10:38,840 --> 01:10:41,120 Speaker 2: I'll be in you know what, January Thurs the first one. 1440 01:10:41,160 --> 01:10:42,960 Speaker 2: I'm gonna be in there too. Yeah, yeah, I'm there. 1441 01:10:43,040 --> 01:10:44,559 Speaker 2: Appreciate that, Earns. I'm there. 1442 01:10:44,600 --> 01:10:46,880 Speaker 6: So if you're not part of YO University, man, I'm 1443 01:10:46,920 --> 01:10:50,479 Speaker 6: telling you it's the fastest growing online community for everything. 1444 01:10:50,479 --> 01:10:50,760 Speaker 3: It's not. 1445 01:10:50,960 --> 01:10:54,280 Speaker 6: It's not just an investment group, it's a financial institution 1446 01:10:54,640 --> 01:10:57,559 Speaker 6: cover every single thing possible. So once again, I put 1447 01:10:57,600 --> 01:11:00,400 Speaker 6: the link up, go to Eyo University dot com running 1448 01:11:00,400 --> 01:11:03,840 Speaker 6: the sale flash sale twenty four hour flash sale, might 1449 01:11:03,920 --> 01:11:05,240 Speaker 6: extend it for forty eight hours, but. 1450 01:11:05,240 --> 01:11:07,200 Speaker 2: Oh we could do we can call up some of 1451 01:11:07,240 --> 01:11:10,200 Speaker 2: our group chat friends and have them come as well. 1452 01:11:10,280 --> 01:11:12,240 Speaker 6: Yeah, you never know who. We could get anybody to come. 1453 01:11:12,360 --> 01:11:17,519 Speaker 6: So sixty five sixty five percent off for the whole 1454 01:11:17,680 --> 01:11:19,519 Speaker 6: entire year. It's like seven hundred dollars for the whole 1455 01:11:19,640 --> 01:11:22,559 Speaker 6: entire year. And it covers all of those things that 1456 01:11:22,600 --> 01:11:25,080 Speaker 6: we just talked about and more so if you want 1457 01:11:25,120 --> 01:11:27,800 Speaker 6: to join, click the link. Love to have you on 1458 01:11:27,800 --> 01:11:29,760 Speaker 6: the other side. And we got some physical events too. 1459 01:11:29,800 --> 01:11:32,800 Speaker 6: We're gonna be doing some things for Eyo University we 1460 01:11:32,840 --> 01:11:33,599 Speaker 6: talked about. 1461 01:11:33,400 --> 01:11:34,240 Speaker 3: A couple of days ago. 1462 01:11:34,280 --> 01:11:35,559 Speaker 6: So you know, we really want to make it more 1463 01:11:35,600 --> 01:11:37,479 Speaker 6: of a community type of vibe and it's something that 1464 01:11:37,520 --> 01:11:40,440 Speaker 6: we're really looking forward to in twenty twenty two, just expanding. 1465 01:11:40,080 --> 01:11:43,080 Speaker 3: The vib So yeah, for sure. 1466 01:11:43,160 --> 01:11:45,280 Speaker 6: So part of it part of the classes that you know, 1467 01:11:45,320 --> 01:11:48,840 Speaker 6: you get to ask questions. So this, like I said, this, 1468 01:11:48,840 --> 01:11:51,720 Speaker 6: this went a little longer than we probably thought, so 1469 01:11:51,800 --> 01:11:54,080 Speaker 6: the questions might be a little bit shorter. But now 1470 01:11:54,080 --> 01:11:56,680 Speaker 6: we're gonna we're gonna go to some earners for some 1471 01:11:56,800 --> 01:12:00,439 Speaker 6: questions and you know, answer some questions for the class. 1472 01:12:00,520 --> 01:12:03,280 Speaker 5: Is going to be He's gonna be It's twelve noon 1473 01:12:03,320 --> 01:12:04,200 Speaker 5: every Monday. 1474 01:12:03,920 --> 01:12:08,280 Speaker 7: Right, yep, twelve noon every Monday, and we'll be talking 1475 01:12:08,280 --> 01:12:11,000 Speaker 7: a lot. So it'll be right in the middle of 1476 01:12:11,000 --> 01:12:13,200 Speaker 7: the market day, catching a lot of people on the 1477 01:12:13,280 --> 01:12:15,439 Speaker 7: lunch breaks in the middle of the day. I figured 1478 01:12:15,439 --> 01:12:17,880 Speaker 7: that'd be like the best time, even kill So. 1479 01:12:17,920 --> 01:12:20,240 Speaker 2: Yeah, that's a fact when we had the conversation, like, 1480 01:12:20,280 --> 01:12:21,960 Speaker 2: I think that's the best time because people on their 1481 01:12:22,040 --> 01:12:24,200 Speaker 2: lunch breaks, they can actually sit down at the computers. 1482 01:12:24,439 --> 01:12:26,479 Speaker 2: They could actually focus, and so I think that was 1483 01:12:27,080 --> 01:12:29,519 Speaker 2: I mean, that was pretty thoughtful of you. And that's 1484 01:12:29,520 --> 01:12:31,240 Speaker 2: the true. They think I'm captain, but we really had 1485 01:12:31,240 --> 01:12:33,280 Speaker 2: this conversation like they were like, you should actually teach 1486 01:12:33,280 --> 01:12:36,200 Speaker 2: at at a university, and you told, like tell him, 1487 01:12:36,200 --> 01:12:37,479 Speaker 2: like you really said no. 1488 01:12:37,920 --> 01:12:40,280 Speaker 7: Like I it was like I had the conversation and 1489 01:12:41,000 --> 01:12:44,400 Speaker 7: you know, my girl she asked me, she said, you know, 1490 01:12:44,560 --> 01:12:47,760 Speaker 7: like could you see yourself teaching at a university? And 1491 01:12:47,800 --> 01:12:50,800 Speaker 7: I said, I mean I couldn't see myself teaching at 1492 01:12:50,800 --> 01:12:53,200 Speaker 7: a college and sticking to you know, just like a 1493 01:12:53,200 --> 01:12:56,320 Speaker 7: book or something like the knowledge that I have. Like 1494 01:12:57,160 --> 01:12:59,680 Speaker 7: for me, it's like I'm really passionate to share with 1495 01:12:59,720 --> 01:13:02,839 Speaker 7: people because I can see, like how can like directly 1496 01:13:02,960 --> 01:13:06,479 Speaker 7: change like your life, like the stop market honestly, like 1497 01:13:06,560 --> 01:13:09,680 Speaker 7: really changed my entire life, so like I wanted to 1498 01:13:09,680 --> 01:13:12,880 Speaker 7: continue to change other people's lives. So whatever way I 1499 01:13:12,880 --> 01:13:15,840 Speaker 7: can really give as much information as possible, where it's 1500 01:13:15,880 --> 01:13:18,800 Speaker 7: hitting people midday, hitting people early more than hitting people 1501 01:13:18,920 --> 01:13:21,840 Speaker 7: late at night, whatever it is, it's like I'm willing. 1502 01:13:21,520 --> 01:13:24,599 Speaker 2: To do it. So yep, crazy, crazy crazy. Yes, that's 1503 01:13:24,600 --> 01:13:27,960 Speaker 2: the Eastern Standard time. Y'all Eastern Standard Time East the 1504 01:13:27,960 --> 01:13:28,479 Speaker 2: Santa Time. 1505 01:13:28,600 --> 01:13:32,320 Speaker 3: Appreciate that, brother. Let's go to some how how old 1506 01:13:32,360 --> 01:13:33,680 Speaker 3: do you? Lawrence Man? 1507 01:13:34,080 --> 01:13:35,560 Speaker 7: I just turned twenty two in October. 1508 01:13:36,439 --> 01:13:36,919 Speaker 3: Prodigy. 1509 01:13:36,920 --> 01:13:39,360 Speaker 2: When we say prodigy, we really need twenty twenty two 1510 01:13:39,439 --> 01:13:42,000 Speaker 2: years old, prodigy different, different, All right, let's go to 1511 01:13:42,200 --> 01:13:45,000 Speaker 2: let's go to some of our earners. Let's see is Jenny, 1512 01:13:46,000 --> 01:13:48,280 Speaker 2: it might not be here, victim, were coming to you? 1513 01:13:48,320 --> 01:13:49,400 Speaker 2: I mut yourself. You've been muted. 1514 01:13:49,439 --> 01:13:49,920 Speaker 5: What's going on? 1515 01:13:53,400 --> 01:13:54,280 Speaker 4: Don't expect that? 1516 01:13:54,760 --> 01:13:58,479 Speaker 3: Well, don't do this. Hey, I'm here, what's going on? 1517 01:13:58,880 --> 01:14:01,679 Speaker 8: Hey, let's up I'm actually some guys I got picked, 1518 01:14:01,760 --> 01:14:02,680 Speaker 8: but thank you. 1519 01:14:04,200 --> 01:14:04,479 Speaker 4: Yeah. 1520 01:14:04,520 --> 01:14:08,240 Speaker 8: So, so my question was, so I was doing long 1521 01:14:08,320 --> 01:14:11,000 Speaker 8: term stock stocked investing for a while. I mean, shout 1522 01:14:11,000 --> 01:14:13,000 Speaker 8: out to y'all because you know, listening to y'all for 1523 01:14:13,040 --> 01:14:16,559 Speaker 8: a year and stuff. You know, definitely learned learn that's 1524 01:14:16,600 --> 01:14:19,320 Speaker 8: the way to do it and stuff. But looking to 1525 01:14:19,320 --> 01:14:21,800 Speaker 8: get into options and trying that same approach, you know, 1526 01:14:21,880 --> 01:14:26,960 Speaker 8: the long term, long term clause. But I was, I 1527 01:14:27,000 --> 01:14:30,160 Speaker 8: haven't made the decision to do it yet because right 1528 01:14:30,160 --> 01:14:32,720 Speaker 8: now the market is at all time high. Number one, 1529 01:14:32,920 --> 01:14:36,040 Speaker 8: so maybe waiting for some better premiums. But number two, 1530 01:14:36,120 --> 01:14:38,719 Speaker 8: what's a good technique that you guys use for picking 1531 01:14:38,760 --> 01:14:43,400 Speaker 8: your strike prices? And I know one gentleman who who 1532 01:14:43,520 --> 01:14:47,360 Speaker 8: was on your on one of the episodes one time, 1533 01:14:47,360 --> 01:14:51,320 Speaker 8: he had said like one point five times the growth 1534 01:14:51,760 --> 01:14:55,920 Speaker 8: over the last year. Yeah, something of that sort, and 1535 01:14:55,960 --> 01:14:57,840 Speaker 8: then that's how you choose this strike price. But but 1536 01:14:57,920 --> 01:15:00,000 Speaker 8: what do you guys use for like choosing your strike prices? 1537 01:15:00,960 --> 01:15:03,840 Speaker 7: Yeah, so I'm I'm gonna be honest, like for me, like, 1538 01:15:03,920 --> 01:15:07,360 Speaker 7: for example, with a stock like Apple that's at like 1539 01:15:07,400 --> 01:15:11,120 Speaker 7: one seventy five right now, A lot of times what 1540 01:15:11,680 --> 01:15:14,640 Speaker 7: I personally will do is like I only buy in 1541 01:15:14,720 --> 01:15:17,880 Speaker 7: the money options. So like for me, I don't buy 1542 01:15:18,000 --> 01:15:21,080 Speaker 7: out the money options. Uh, you know, I argue against it. 1543 01:15:21,520 --> 01:15:23,720 Speaker 7: So for me, my strategy is I like to a 1544 01:15:23,800 --> 01:15:25,920 Speaker 7: lot of times go at least two to three in 1545 01:15:26,000 --> 01:15:29,040 Speaker 7: the money. So for example, the stocks at one seventy five, 1546 01:15:29,439 --> 01:15:32,080 Speaker 7: there's obviously gonna be a one seventy two point five 1547 01:15:32,320 --> 01:15:35,800 Speaker 7: one seventy one sixty seven point five, one sixty five. 1548 01:15:36,240 --> 01:15:37,840 Speaker 7: A lot of times I try to aim to go 1549 01:15:37,880 --> 01:15:40,640 Speaker 7: at least two to three options in the money, but 1550 01:15:40,920 --> 01:15:43,479 Speaker 7: I also am looking at the volume and open interest. 1551 01:15:43,640 --> 01:15:46,040 Speaker 7: I like to see the options that you don't have 1552 01:15:46,120 --> 01:15:49,080 Speaker 7: the highest amount of volume and open interest, and those 1553 01:15:49,080 --> 01:15:52,760 Speaker 7: are the options that I usually target, even with the 1554 01:15:52,880 --> 01:15:55,679 Speaker 7: leap options. A lot of times I'd like to get 1555 01:15:55,720 --> 01:15:57,680 Speaker 7: like an at the money strike, So like if the 1556 01:15:57,720 --> 01:16:00,880 Speaker 7: stocks at one seventy five, I go and get that 1557 01:16:00,960 --> 01:16:03,920 Speaker 7: one to seventy five strike for twenty twenty four. My 1558 01:16:04,000 --> 01:16:07,479 Speaker 7: biggest thing when it comes to options is like you 1559 01:16:07,520 --> 01:16:11,040 Speaker 7: want to get the most intrinsic value, Like a lot 1560 01:16:11,080 --> 01:16:13,880 Speaker 7: of times the out the money strategies, even if you 1561 01:16:14,000 --> 01:16:16,960 Speaker 7: have a leap for example, you know, I look, you know, 1562 01:16:17,000 --> 01:16:18,400 Speaker 7: a lot of times I look at a lot of 1563 01:16:18,400 --> 01:16:22,240 Speaker 7: people's portfolios. They'll share things with me. The number one 1564 01:16:22,320 --> 01:16:26,960 Speaker 7: loser in everyone's portfolio that I've seen as ARKKK that's 1565 01:16:27,000 --> 01:16:29,320 Speaker 7: the number one loser across the board, and it's people 1566 01:16:29,360 --> 01:16:32,880 Speaker 7: who've had leap options on RKKK and they've had out 1567 01:16:32,920 --> 01:16:35,559 Speaker 7: the money leaps. So the thing is is that even 1568 01:16:35,560 --> 01:16:38,280 Speaker 7: though you get out the money contract and it may 1569 01:16:38,320 --> 01:16:42,960 Speaker 7: be far away from expiring, does not guarantee that you're 1570 01:16:43,080 --> 01:16:47,000 Speaker 7: actually gonna go ahead and profit. So buying a leap 1571 01:16:47,040 --> 01:16:50,120 Speaker 7: option does not guarantee profit. And what I want to 1572 01:16:50,160 --> 01:16:52,200 Speaker 7: say is is that when it comes to your strike price, 1573 01:16:52,720 --> 01:16:55,000 Speaker 7: try to get as close to the money as possible. 1574 01:16:55,080 --> 01:16:57,680 Speaker 7: And if you can't get in the money, you know, 1575 01:16:57,800 --> 01:16:59,360 Speaker 7: try to, you know, keep it at like that one 1576 01:16:59,479 --> 01:17:02,479 Speaker 7: seventy enno point five point. You just don't want to 1577 01:17:02,520 --> 01:17:06,040 Speaker 7: be leaping and getting two forties in two twenties when 1578 01:17:06,080 --> 01:17:09,000 Speaker 7: a stock is at one seventy. You want to protect yourself. 1579 01:17:09,400 --> 01:17:11,840 Speaker 2: So yep, yeah, I think all those things are key. 1580 01:17:11,880 --> 01:17:14,840 Speaker 2: I always looking at the past performance and calculating, Right, well, 1581 01:17:14,840 --> 01:17:16,920 Speaker 2: I just showed you that the Apple situation, right, we 1582 01:17:16,960 --> 01:17:19,280 Speaker 2: just didn't guess two hundred. We were kind of saying 1583 01:17:19,320 --> 01:17:21,160 Speaker 2: that because if you take the ten percent, if you 1584 01:17:21,160 --> 01:17:23,200 Speaker 2: just look at moving ten percent based on what's done 1585 01:17:23,200 --> 01:17:25,280 Speaker 2: in the past, I mean you can kind of get 1586 01:17:25,280 --> 01:17:27,960 Speaker 2: the gauge on where it could be headed. And what 1587 01:17:28,080 --> 01:17:31,200 Speaker 2: I think Lauren says is important. Man, I always, always, always, 1588 01:17:31,320 --> 01:17:34,120 Speaker 2: I always check the valume and I always check the 1589 01:17:34,120 --> 01:17:36,800 Speaker 2: open interest because that'll tell you a barama of like, 1590 01:17:36,840 --> 01:17:39,000 Speaker 2: all right, well, this is kind of where the market 1591 01:17:39,000 --> 01:17:42,639 Speaker 2: the money's moving for this option. And there's a couple 1592 01:17:42,640 --> 01:17:45,160 Speaker 2: of other things that I use as well. I checked 1593 01:17:45,160 --> 01:17:47,559 Speaker 2: the history of the option. I know in each trade, 1594 01:17:47,560 --> 01:17:49,080 Speaker 2: when you go into details, you can check the history 1595 01:17:49,120 --> 01:17:51,040 Speaker 2: of the option, you can see where it originated, and 1596 01:17:51,080 --> 01:17:53,000 Speaker 2: based on where it's originated, you can get a gauge 1597 01:17:53,040 --> 01:17:54,640 Speaker 2: of where it was at its all time high. And 1598 01:17:54,680 --> 01:17:57,160 Speaker 2: even when it's there, I'm like, all right, well, I 1599 01:17:57,240 --> 01:17:59,320 Speaker 2: don't want to buy anything at a premium. If the 1600 01:17:59,720 --> 01:18:04,040 Speaker 2: option contract originated at twenty dollars and it ran up 1601 01:18:04,040 --> 01:18:06,680 Speaker 2: to forty, I want to wait till it pulls down 1602 01:18:06,720 --> 01:18:08,920 Speaker 2: to eighteen, right, because I just want to have, like 1603 01:18:08,920 --> 01:18:10,360 Speaker 2: you said, I want to have my built in terms 1604 01:18:10,439 --> 01:18:13,240 Speaker 2: with value before I get into the position. So that's 1605 01:18:13,240 --> 01:18:21,160 Speaker 2: another little strategy you can use. That's a lot bick there, Okay. 1606 01:18:21,320 --> 01:18:24,280 Speaker 8: No, yeah, I was just taking some notes. No, that's 1607 01:18:24,280 --> 01:18:26,639 Speaker 8: definitely great, and that's what I've been learning recently too. Yeah, 1608 01:18:26,640 --> 01:18:28,479 Speaker 8: at the money or in the money is just safer 1609 01:18:28,520 --> 01:18:33,360 Speaker 8: and just guaranteeing that you can definitely, you know, secure 1610 01:18:33,400 --> 01:18:35,000 Speaker 8: that you're going to make some money and not lose 1611 01:18:35,040 --> 01:18:35,800 Speaker 8: that premium. 1612 01:18:35,880 --> 01:18:38,439 Speaker 2: Yeah, and we talked about singular positions, but I mean 1613 01:18:38,520 --> 01:18:41,840 Speaker 2: the safest thing that we do is we invest in ETFs. 1614 01:18:41,960 --> 01:18:44,880 Speaker 2: Like so you can have option contracts on ETFs and 1615 01:18:44,920 --> 01:18:47,680 Speaker 2: so we definitely have them on XLK and that's a 1616 01:18:47,800 --> 01:18:52,479 Speaker 2: mah and xly qqq. So we definitely have them on 1617 01:18:52,520 --> 01:18:55,240 Speaker 2: our all Star teams as well. They don't move as fast, 1618 01:18:55,280 --> 01:18:58,120 Speaker 2: but but if you get them at the right price, 1619 01:18:58,600 --> 01:19:02,360 Speaker 2: right price, definitely could have some value for sure. I 1620 01:19:02,479 --> 01:19:02,960 Speaker 2: appreciate that. 1621 01:19:03,600 --> 01:19:07,400 Speaker 3: I can't say nothing about uts after the Apollo. 1622 01:19:09,760 --> 01:19:12,439 Speaker 2: Don't tell anybody, I ain't got it, nobody. 1623 01:19:12,439 --> 01:19:14,160 Speaker 8: You had to be there what happened at the Apollo. 1624 01:19:14,280 --> 01:19:15,160 Speaker 3: You know you had to be there. 1625 01:19:15,320 --> 01:19:15,920 Speaker 5: That's a fact. 1626 01:19:15,920 --> 01:19:16,479 Speaker 2: I ain't got it. 1627 01:19:16,520 --> 01:19:21,200 Speaker 4: Bro. You know the rule word api, bro word. 1628 01:19:22,120 --> 01:19:25,080 Speaker 6: Yes, the classes at euy University are recorded. I saw 1629 01:19:25,120 --> 01:19:27,719 Speaker 6: somebody asked that question or recorded our All. 1630 01:19:27,680 --> 01:19:30,439 Speaker 2: Right, let's go to Melissa Kingston. Melissa, were coming to you? 1631 01:19:30,520 --> 01:19:31,200 Speaker 2: I mute yourself. 1632 01:19:31,200 --> 01:19:31,879 Speaker 5: You've been unmuted? 1633 01:19:31,920 --> 01:19:32,519 Speaker 2: What's going on? 1634 01:19:39,800 --> 01:19:40,000 Speaker 4: Oh? 1635 01:19:40,080 --> 01:19:45,439 Speaker 2: Now you gotta ummute yourself. You there you go? Hi, 1636 01:19:46,080 --> 01:19:46,559 Speaker 2: what's up? 1637 01:19:47,360 --> 01:19:52,839 Speaker 9: Nice to meet you. You and the university just joined 1638 01:19:53,080 --> 01:19:59,160 Speaker 9: about three weeks ago, so I'm just learning everything. Bran 1639 01:19:59,280 --> 01:20:04,439 Speaker 9: new All question, if for beginners and options work and 1640 01:20:04,479 --> 01:20:08,720 Speaker 9: what is the best place to start to invest? 1641 01:20:09,800 --> 01:20:10,040 Speaker 8: Uh? 1642 01:20:10,080 --> 01:20:13,360 Speaker 7: And options? Yeah? 1643 01:20:13,600 --> 01:20:15,439 Speaker 3: Like platform platform wise? 1644 01:20:15,960 --> 01:20:16,160 Speaker 5: Yeah? 1645 01:20:16,240 --> 01:20:20,320 Speaker 6: Uh huh, Well, I mean I guess you know, I 1646 01:20:20,600 --> 01:20:22,200 Speaker 6: personally use TD Ameritrade. 1647 01:20:22,240 --> 01:20:24,439 Speaker 3: I think they I like that they use the interface. 1648 01:20:25,360 --> 01:20:27,400 Speaker 6: Not to say that, you know, I'm not like saying 1649 01:20:27,400 --> 01:20:29,240 Speaker 6: that that's the only place to go, but that's what 1650 01:20:29,360 --> 01:20:33,000 Speaker 6: I personally use for my option training. 1651 01:20:33,040 --> 01:20:33,639 Speaker 3: I like TD. 1652 01:20:34,320 --> 01:20:36,920 Speaker 6: I use Fidelity too, but I just like tds use 1653 01:20:36,960 --> 01:20:39,000 Speaker 6: the interface better and a couple other reasons. 1654 01:20:39,040 --> 01:20:40,360 Speaker 3: I just like TD Ameritrade. 1655 01:20:41,439 --> 01:20:41,639 Speaker 4: Yeah. 1656 01:20:41,720 --> 01:20:47,960 Speaker 9: And another question when it comes to taxes, uh, can 1657 01:20:48,040 --> 01:20:52,080 Speaker 9: of uh? And we invest as individuals or we would 1658 01:20:52,080 --> 01:20:55,519 Speaker 9: have to do through as a brokers or create a 1659 01:20:55,520 --> 01:20:57,440 Speaker 9: business work as a business. 1660 01:20:59,200 --> 01:21:02,439 Speaker 5: Yeah, and so you can. 1661 01:21:03,120 --> 01:21:04,519 Speaker 2: I mean you could do it yourself, right, if you 1662 01:21:04,520 --> 01:21:06,400 Speaker 2: open your own broker's account, you could do it yourself. 1663 01:21:06,479 --> 01:21:08,160 Speaker 2: That's a good question though, Like a lot of people, 1664 01:21:09,040 --> 01:21:10,719 Speaker 2: and this is something that we've learned over the past 1665 01:21:10,760 --> 01:21:13,040 Speaker 2: couple years. So it was like, look, we should probably 1666 01:21:13,080 --> 01:21:18,480 Speaker 2: maybe start investing from an LLC because as you accumulate 1667 01:21:18,520 --> 01:21:20,880 Speaker 2: more assets, you want to protect those assets. And so 1668 01:21:21,760 --> 01:21:23,880 Speaker 2: one of the strategies to do is create an LLC 1669 01:21:24,640 --> 01:21:26,679 Speaker 2: and trade out of that. And so that's just another 1670 01:21:26,760 --> 01:21:28,639 Speaker 2: little tippic that you can use when trading. 1671 01:21:29,120 --> 01:21:31,680 Speaker 7: You're saying a lawrence, Yeah, no, it's really good to 1672 01:21:31,760 --> 01:21:35,280 Speaker 7: trade out them in LLC. I personally do trade out 1673 01:21:35,320 --> 01:21:38,600 Speaker 7: of trade out the inn LLC. It's good on the 1674 01:21:38,680 --> 01:21:42,439 Speaker 7: tax side. I like, you can set up trading out 1675 01:21:42,439 --> 01:21:46,000 Speaker 7: of LLC really with TDM, ror Trade and most platforms, 1676 01:21:46,000 --> 01:21:47,600 Speaker 7: so I think it's beneficial. 1677 01:21:48,160 --> 01:21:50,960 Speaker 2: Yeah. And as far as the brokers is, I use 1678 01:21:51,560 --> 01:21:54,639 Speaker 2: E Trade to trade for the most part just because 1679 01:21:54,680 --> 01:21:57,240 Speaker 2: I like, I like their interface, and when I have 1680 01:21:57,280 --> 01:22:01,000 Speaker 2: to do research, I use them. I started with the Ameritrade. 1681 01:22:01,439 --> 01:22:03,960 Speaker 2: That one's very very very easy to look at and 1682 01:22:04,000 --> 01:22:06,720 Speaker 2: see and do research as well. You can't go wrong 1683 01:22:06,760 --> 01:22:09,360 Speaker 2: with either in my opinion, and I also have a fidelity. 1684 01:22:09,439 --> 01:22:13,479 Speaker 2: I'm blaming it on shoddy and if you have to pobly, 1685 01:22:13,479 --> 01:22:15,120 Speaker 2: you understand why. 1686 01:22:15,840 --> 01:22:18,000 Speaker 7: Okay, thank you very much, appreciate you. 1687 01:22:18,280 --> 01:22:19,080 Speaker 2: Listen where you're from. 1688 01:22:19,840 --> 01:22:21,400 Speaker 9: I'm from Panama, but. 1689 01:22:24,200 --> 01:22:28,080 Speaker 2: I love it, love it. Shout everybody, boy Panama. 1690 01:22:27,960 --> 01:22:30,480 Speaker 6: Shout the Panama and Panama and shouts all the Panamanians 1691 01:22:30,880 --> 01:22:31,479 Speaker 6: in Brooklyn. 1692 01:22:32,240 --> 01:22:32,800 Speaker 7: Thank you. 1693 01:22:33,120 --> 01:22:36,880 Speaker 2: Have a good night. It is saying, all right, let's 1694 01:22:36,880 --> 01:22:39,519 Speaker 2: see what we got. Let's see what we got. I'm 1695 01:22:39,560 --> 01:22:42,559 Speaker 2: going down the list here. Let's go to Brandy. Brandy, 1696 01:22:42,560 --> 01:22:44,800 Speaker 2: we're coming to you. I'm telling you in advanced Brandy, 1697 01:22:44,840 --> 01:22:47,360 Speaker 2: because we're coming to you. I mute yourself. You've been unmuted. 1698 01:22:47,400 --> 01:22:53,400 Speaker 2: What's going on, Brandy? 1699 01:22:54,479 --> 01:22:54,760 Speaker 4: All right? 1700 01:22:54,880 --> 01:22:55,559 Speaker 7: What are you guys doing? 1701 01:22:56,800 --> 01:22:58,320 Speaker 2: Brandy? 1702 01:22:59,040 --> 01:23:03,280 Speaker 10: Well, actually, I'm using my it's it's it's my wife emails. 1703 01:23:03,040 --> 01:23:05,360 Speaker 7: It's it's all good. 1704 01:23:06,080 --> 01:23:07,320 Speaker 2: God, she's all good. I love it. 1705 01:23:07,760 --> 01:23:07,960 Speaker 4: Yeah. 1706 01:23:08,040 --> 01:23:10,880 Speaker 5: Yeah, what's your day? 1707 01:23:11,920 --> 01:23:12,040 Speaker 4: Uh? 1708 01:23:12,520 --> 01:23:13,599 Speaker 10: My name is David? 1709 01:23:13,920 --> 01:23:16,040 Speaker 2: David? All right, David? What's going on? 1710 01:23:16,479 --> 01:23:16,679 Speaker 3: Yeah? 1711 01:23:17,360 --> 01:23:21,639 Speaker 10: Well, I'm I just joined you guys like I think 1712 01:23:21,680 --> 01:23:27,799 Speaker 10: it was like that three weeks ago, and man, man. 1713 01:23:27,760 --> 01:23:28,519 Speaker 5: I love you guys. 1714 01:23:28,520 --> 01:23:31,000 Speaker 10: Man you you guys, do good do good work. 1715 01:23:31,000 --> 01:23:34,160 Speaker 3: I'm telling you, man, appreciate appreciate that. Brad. 1716 01:23:34,760 --> 01:23:41,120 Speaker 10: Yeah, I joined the trade. I'm just asking like a 1717 01:23:41,160 --> 01:23:44,400 Speaker 10: question right now, because I Giant trade a few a 1718 01:23:44,479 --> 01:23:48,160 Speaker 10: few months back, right, a few months back. 1719 01:23:48,200 --> 01:23:48,320 Speaker 4: Now. 1720 01:23:48,320 --> 01:23:55,280 Speaker 10: It's like I say, like six months or so, and 1721 01:23:55,439 --> 01:23:59,040 Speaker 10: when I go and I I I I Giant with 1722 01:23:59,600 --> 01:24:07,400 Speaker 10: five ones dollars, okay, and you end up that I 1723 01:24:07,400 --> 01:24:09,400 Speaker 10: I earned a lot on that. I earned like, uh, 1724 01:24:10,680 --> 01:24:14,920 Speaker 10: probably five hundred dollars because when when I when I 1725 01:24:14,960 --> 01:24:17,800 Speaker 10: when I go and check on it, it was out 1726 01:24:17,840 --> 01:24:23,880 Speaker 10: of thousand dollars. And what I want to ask you, guys, 1727 01:24:24,000 --> 01:24:26,640 Speaker 10: if I want to say, say I want to. 1728 01:24:28,160 --> 01:24:33,080 Speaker 2: Like make exit, how do I go outboard doing that? 1729 01:24:33,840 --> 01:24:35,759 Speaker 3: How do you exit out it out of your brokerage 1730 01:24:35,800 --> 01:24:41,640 Speaker 3: account or your trade trade? So you sell it? 1731 01:24:41,840 --> 01:24:44,280 Speaker 5: You bought stock or like what you do stock option? 1732 01:24:44,760 --> 01:24:45,519 Speaker 3: I brought them stock. 1733 01:24:45,600 --> 01:24:46,280 Speaker 7: I bought them stock. 1734 01:24:46,400 --> 01:24:51,160 Speaker 3: Yeah, so you just sell Yeah go to the cell feature. 1735 01:24:52,080 --> 01:24:52,840 Speaker 2: Yeah, just sell it. 1736 01:24:53,920 --> 01:24:55,000 Speaker 7: I'm really new to this. 1737 01:24:55,120 --> 01:24:55,839 Speaker 4: I don't really. 1738 01:24:55,800 --> 01:24:58,320 Speaker 2: As I'm gonna help you out since you knew, don't 1739 01:24:58,320 --> 01:25:00,320 Speaker 2: even worry about selling it this whole go on to 1740 01:25:00,439 --> 01:25:01,559 Speaker 2: what what company was it? 1741 01:25:02,920 --> 01:25:04,600 Speaker 8: Uh? 1742 01:25:05,200 --> 01:25:17,960 Speaker 2: It was it was game Stop. Uh, game Stop, Lawrence, 1743 01:25:17,960 --> 01:25:19,439 Speaker 2: I'll let you, I'll let you take this one. What 1744 01:25:19,920 --> 01:25:20,920 Speaker 2: do you think about game Stop? 1745 01:25:21,600 --> 01:25:24,120 Speaker 4: Uh? 1746 01:25:24,520 --> 01:25:28,360 Speaker 7: I mean so the real technical reason why game Stop 1747 01:25:28,400 --> 01:25:31,360 Speaker 7: is up as much is it's a low amount of shares. 1748 01:25:32,240 --> 01:25:34,639 Speaker 7: You had a lot of institutions who shortened the stock. 1749 01:25:35,760 --> 01:25:39,960 Speaker 7: In my opinion, I would sell game Stop, so I 1750 01:25:39,960 --> 01:25:42,640 Speaker 7: would go ahead and take the profits. I know a 1751 01:25:42,640 --> 01:25:44,800 Speaker 7: lot of people said it's going to a thousand and 1752 01:25:44,840 --> 01:25:47,080 Speaker 7: this and that, but you know, I don't want to 1753 01:25:47,600 --> 01:25:51,320 Speaker 7: rain on anybody's parade. But that ain't happening, So yeah, 1754 01:25:51,479 --> 01:25:53,800 Speaker 7: I would sell it. I think you said you're in 1755 01:25:54,000 --> 01:25:58,519 Speaker 7: the trade, yeah, trade. Yeah, So I would go open 1756 01:25:58,600 --> 01:26:03,040 Speaker 7: up and actually hit open order I had to sell. 1757 01:26:04,000 --> 01:26:06,679 Speaker 7: And actually, if you want to even call the broker, 1758 01:26:06,840 --> 01:26:09,439 Speaker 7: you can actually call customer service, get a broker on 1759 01:26:09,479 --> 01:26:12,240 Speaker 7: the line, and the broker can actually that transaction for 1760 01:26:12,360 --> 01:26:15,360 Speaker 7: you and go ahead and clear that. So if you 1761 01:26:15,400 --> 01:26:17,960 Speaker 7: don't know how to do it, just call the customer service, 1762 01:26:18,280 --> 01:26:21,280 Speaker 7: say can I speak a broker? Get the broker on 1763 01:26:21,320 --> 01:26:23,600 Speaker 7: the line and tell them and they'll go ahead and 1764 01:26:23,640 --> 01:26:27,559 Speaker 7: execute and sell those off. So I will just that's 1765 01:26:27,560 --> 01:26:29,720 Speaker 7: what I would say to do. And then in the meantime, 1766 01:26:30,720 --> 01:26:33,479 Speaker 7: make sure that you're tapping in here and we'll go 1767 01:26:33,520 --> 01:26:36,519 Speaker 7: over you know, order execution and things to really kind 1768 01:26:36,520 --> 01:26:39,400 Speaker 7: of help some people out, because I realized the biggest 1769 01:26:39,400 --> 01:26:41,840 Speaker 7: thing is a lot of people know what moves they 1770 01:26:41,880 --> 01:26:44,880 Speaker 7: want to make, but as far as the actual execution. 1771 01:26:45,680 --> 01:26:47,559 Speaker 7: So that's what I'll be here for to help with 1772 01:26:47,640 --> 01:26:50,080 Speaker 7: that execution. So make sure you're tapping in here as 1773 01:26:50,160 --> 01:26:51,479 Speaker 7: much as Fay. 1774 01:26:51,520 --> 01:26:55,240 Speaker 5: David appreciate you, appreciate you. And that's another thing too. 1775 01:26:55,240 --> 01:26:57,679 Speaker 2: I'm glad you said that the customer service is really good, 1776 01:26:57,960 --> 01:27:01,200 Speaker 2: like really really good. I had some issues with td 1777 01:27:01,280 --> 01:27:02,720 Speaker 2: e ver trade d Han me on hold for like 1778 01:27:02,760 --> 01:27:06,920 Speaker 2: two hours. Once each trade. They respond either through email 1779 01:27:07,080 --> 01:27:09,120 Speaker 2: or like they'll send you a message to text or 1780 01:27:09,120 --> 01:27:12,840 Speaker 2: something like that pretty pretty fast, pretty fast. So shout 1781 01:27:12,960 --> 01:27:16,400 Speaker 2: to you. All right, let's go to yas me. Shout 1782 01:27:16,400 --> 01:27:19,880 Speaker 2: out to uh Brandy and David. Yes, me and were 1783 01:27:19,880 --> 01:27:22,599 Speaker 2: coming to you. Tout yourself. You've been immuta, what's going on? 1784 01:27:23,840 --> 01:27:26,519 Speaker 4: I can hear you. 1785 01:27:26,520 --> 01:27:29,479 Speaker 3: What's going on? Okay, wait, hold on, hold on, you 1786 01:27:29,520 --> 01:27:30,719 Speaker 3: got you got the background. 1787 01:27:30,760 --> 01:27:32,920 Speaker 5: You gotta turn you gotta turned down a little bit, 1788 01:27:32,920 --> 01:27:34,120 Speaker 5: turn down a little bit. 1789 01:27:35,360 --> 01:27:35,679 Speaker 3: Sorry. 1790 01:27:37,120 --> 01:27:40,960 Speaker 11: So just like uh, I can't get selected that quick. 1791 01:27:42,080 --> 01:27:45,400 Speaker 11: So just like the other guy, I'm. 1792 01:27:44,760 --> 01:27:47,000 Speaker 12: New to the e y L. 1793 01:27:47,160 --> 01:27:50,599 Speaker 11: I appreciate you guys so much and I look forward 1794 01:27:50,680 --> 01:27:54,280 Speaker 11: to uh Laurence teaching us because that's exactly what my 1795 01:27:54,360 --> 01:27:58,760 Speaker 11: question was, is that I download greeble and coin days 1796 01:27:59,040 --> 01:28:02,639 Speaker 11: to start with, but I don't know what to do, 1797 01:28:02,720 --> 01:28:04,480 Speaker 11: so I'm gonna be probably. 1798 01:28:07,439 --> 01:28:09,000 Speaker 2: That's that's perfect. You in the perfect place. 1799 01:28:09,240 --> 01:28:12,360 Speaker 7: Execute, Yeah, are. 1800 01:28:12,360 --> 01:28:14,240 Speaker 5: In a perfect I said, you're in a perfect place. 1801 01:28:14,760 --> 01:28:21,880 Speaker 2: And so you have an account open already. 1802 01:28:17,960 --> 01:28:20,360 Speaker 5: All you chopping up? 1803 01:28:21,040 --> 01:28:21,679 Speaker 2: Okay? Perfect? 1804 01:28:22,640 --> 01:28:22,800 Speaker 13: There. 1805 01:28:22,880 --> 01:28:23,479 Speaker 11: I'm ready to. 1806 01:28:25,960 --> 01:28:31,360 Speaker 7: Give rid of Coinbase, I heard, and now. 1807 01:28:31,320 --> 01:28:33,200 Speaker 11: I'm like, that's actually where I put most of my money. 1808 01:28:33,200 --> 01:28:34,960 Speaker 11: So I'm like, how do I get out of there 1809 01:28:35,120 --> 01:28:37,840 Speaker 11: and transfer it to web or someplace else. 1810 01:28:38,160 --> 01:28:38,400 Speaker 4: Yeah. 1811 01:28:38,439 --> 01:28:42,799 Speaker 7: So one of the biggest things, and definitely I'll definitely 1812 01:28:42,800 --> 01:28:45,040 Speaker 7: be bringing this to the university as well too, is 1813 01:28:45,240 --> 01:28:48,759 Speaker 7: making sure that you have a ledger. Like I stress 1814 01:28:48,800 --> 01:28:53,120 Speaker 7: the importance of leaving no crypto on any platform, Coinbase, crypto, 1815 01:28:53,200 --> 01:28:56,080 Speaker 7: dot com. It doesn't matter the name of the platform. 1816 01:28:56,640 --> 01:28:58,840 Speaker 7: You need to make sure that you have your own 1817 01:28:59,040 --> 01:29:02,960 Speaker 7: cold storage wallet and secure it on there. You don't 1818 01:29:02,960 --> 01:29:05,679 Speaker 7: want to leave it on any platform. I've seen year 1819 01:29:05,720 --> 01:29:08,439 Speaker 7: after year since I've stepped into the crypto space in 1820 01:29:08,520 --> 01:29:13,519 Speaker 7: twenty seventeen, I've seen year after year people getting accounts hacked, 1821 01:29:13,720 --> 01:29:17,760 Speaker 7: people taking people's money, and it's not It's just not right. 1822 01:29:18,160 --> 01:29:21,600 Speaker 7: So do not buy a ledger from Amazon. Only on 1823 01:29:21,680 --> 01:29:24,559 Speaker 7: ledger dot com. And that's something that I'll be bringing 1824 01:29:24,560 --> 01:29:27,200 Speaker 7: to the University of making sure that we're properly securing 1825 01:29:27,240 --> 01:29:33,040 Speaker 7: our crypto. So yeah, thank you guys, appreciate you as me. 1826 01:29:33,120 --> 01:29:36,360 Speaker 5: Have a good night and happy holidays. 1827 01:29:36,560 --> 01:29:42,360 Speaker 2: All right, Let's see, let's see, let's see how many 1828 01:29:42,400 --> 01:29:43,840 Speaker 2: more do you want to do? Man, let's go to 1829 01:29:43,880 --> 01:29:46,599 Speaker 2: Tierra Tira. I'm coming to you. I hope you ready. 1830 01:29:46,680 --> 01:29:49,720 Speaker 2: I'm mute yourself. You've been unmuted, Tea. What's going on? 1831 01:29:51,040 --> 01:29:52,720 Speaker 4: How y'all doing this? 1832 01:29:52,760 --> 01:29:54,559 Speaker 2: Is so exciting to be on here right now with 1833 01:29:54,640 --> 01:29:55,040 Speaker 2: you guys. 1834 01:29:55,120 --> 01:29:58,760 Speaker 7: I am just want to appreciate everything you do. I've 1835 01:29:58,760 --> 01:29:59,600 Speaker 7: been training. 1836 01:29:59,320 --> 01:30:01,800 Speaker 12: Options for little bit and I know we talked a 1837 01:30:01,800 --> 01:30:04,760 Speaker 12: little bit about the Greeks, but I was wondering if 1838 01:30:04,760 --> 01:30:06,360 Speaker 12: we can go into it a little more. 1839 01:30:08,160 --> 01:30:09,960 Speaker 2: Yeah, so o, pad's ready, here we go. 1840 01:30:10,760 --> 01:30:12,880 Speaker 7: Yeah, so let's let's get let's get into it. So 1841 01:30:13,320 --> 01:30:15,400 Speaker 7: all right, so you got delta. So delta is the 1842 01:30:15,439 --> 01:30:18,480 Speaker 7: amount per dollar that you make when the option increases. 1843 01:30:18,600 --> 01:30:21,160 Speaker 7: Data is the time decay. Data is the amount that 1844 01:30:21,200 --> 01:30:24,120 Speaker 7: you pay per day to actually hold that option. So 1845 01:30:24,160 --> 01:30:27,760 Speaker 7: the twenty twenty four call options have less data. So 1846 01:30:27,800 --> 01:30:30,960 Speaker 7: the thing is is that when you're losing money because 1847 01:30:31,000 --> 01:30:34,160 Speaker 7: of data. So this is why when you buy option. 1848 01:30:34,280 --> 01:30:36,400 Speaker 7: Let's say you buy a call option on Apple at 1849 01:30:36,400 --> 01:30:39,800 Speaker 7: one seventy and let's say Apple goes down to two 1850 01:30:39,880 --> 01:30:42,559 Speaker 7: dollars to one sixty eight, and then it comes back 1851 01:30:42,640 --> 01:30:44,800 Speaker 7: up to one seventy, some people think that they're going 1852 01:30:44,840 --> 01:30:47,400 Speaker 7: to be back to even. That ain't gonna happen. The 1853 01:30:47,479 --> 01:30:50,040 Speaker 7: stock is actually going to have to go to potentially 1854 01:30:50,040 --> 01:30:53,200 Speaker 7: maybe like one seventy one. One's seventy point five for 1855 01:30:53,320 --> 01:30:56,920 Speaker 7: you to actually be back at even now. The thing 1856 01:30:57,040 --> 01:30:59,240 Speaker 7: is that the main Greeks that you want to focus 1857 01:30:59,280 --> 01:31:03,120 Speaker 7: on is that in the money options actually have higher deltas. 1858 01:31:03,560 --> 01:31:07,000 Speaker 7: In the money options have higher deltas and lower data. 1859 01:31:07,520 --> 01:31:11,240 Speaker 7: Out the money options have higher thetas and lower deltas. 1860 01:31:12,240 --> 01:31:14,479 Speaker 7: So that is one of the main things that you 1861 01:31:14,520 --> 01:31:16,840 Speaker 7: want to focus on. Now other Greeks that we want 1862 01:31:16,880 --> 01:31:20,400 Speaker 7: to talk about, we want to talk about Vega. Vega 1863 01:31:20,880 --> 01:31:25,799 Speaker 7: actually is what makes up implied volatility. Implied volatility is IV, 1864 01:31:26,640 --> 01:31:29,439 Speaker 7: So people make money off of options. So for example, 1865 01:31:29,520 --> 01:31:33,240 Speaker 7: Troy's options that he had on AMD to seventy five call, 1866 01:31:33,840 --> 01:31:37,280 Speaker 7: he made money not just because amb's stock price increased, 1867 01:31:37,280 --> 01:31:41,679 Speaker 7: but also the IV increase. What makes up IV, which 1868 01:31:41,720 --> 01:31:45,960 Speaker 7: is also equivalent to vega, it's actually demand, what makes 1869 01:31:46,040 --> 01:31:51,439 Speaker 7: up demand, demand, open interests. I will say this open 1870 01:31:51,479 --> 01:31:55,160 Speaker 7: interest in volume, This is really key. Open interest in 1871 01:31:55,280 --> 01:31:59,479 Speaker 7: volume actually makes up demand. So I tell people this, 1872 01:32:00,080 --> 01:32:03,400 Speaker 7: lot of times demand will actually bid up and actually 1873 01:32:03,479 --> 01:32:07,360 Speaker 7: push your options contracts value up higher. So you have 1874 01:32:07,479 --> 01:32:12,120 Speaker 7: open interest, you have volume. These things tie in with vega, 1875 01:32:12,479 --> 01:32:16,479 Speaker 7: which is IV. Vega is a Greek. I tell people 1876 01:32:17,240 --> 01:32:19,800 Speaker 7: that this is really really important for us to be 1877 01:32:19,840 --> 01:32:25,360 Speaker 7: paying attention and watching. Vega is key is a key Greek. 1878 01:32:25,800 --> 01:32:29,160 Speaker 7: Delta is a key Greek. Theta is a key Greek. 1879 01:32:29,560 --> 01:32:33,439 Speaker 7: And then also you have gamma. So gamma when you 1880 01:32:33,520 --> 01:32:36,880 Speaker 7: take a look, gamma is what actually influences the change 1881 01:32:36,920 --> 01:32:41,120 Speaker 7: of price of delta. So gamma actually influences that. So 1882 01:32:41,160 --> 01:32:44,040 Speaker 7: when you hear people say, oh, a gamma squeeze is 1883 01:32:44,040 --> 01:32:46,840 Speaker 7: about to happen, this is where I say a lot 1884 01:32:46,880 --> 01:32:50,240 Speaker 7: of times, gamma squeeze comes when stock prices push up 1885 01:32:50,479 --> 01:32:53,320 Speaker 7: and a gamma squeeze and push that delta actually higher. 1886 01:32:53,840 --> 01:32:56,759 Speaker 7: So this is key when paying attention to the Greeks. 1887 01:32:56,760 --> 01:32:59,040 Speaker 7: The quickest way to really understand the Greeks is when 1888 01:32:59,080 --> 01:33:02,880 Speaker 7: you buy in the money options, you actually have less data. 1889 01:33:03,560 --> 01:33:07,040 Speaker 7: And so where like, who actually makes money off of data? 1890 01:33:07,400 --> 01:33:10,120 Speaker 7: People who sell options. So this is key. I'm gonna 1891 01:33:10,160 --> 01:33:12,320 Speaker 7: give this gym away. People who have more than one 1892 01:33:12,360 --> 01:33:16,640 Speaker 7: hundred shares of any company can actually sell options and 1893 01:33:16,680 --> 01:33:19,679 Speaker 7: they make money off of data. So when you're losing 1894 01:33:19,760 --> 01:33:23,160 Speaker 7: value because of data, understand that the seller is actually 1895 01:33:23,200 --> 01:33:27,200 Speaker 7: making money. Which is why what I tell people when 1896 01:33:27,320 --> 01:33:30,880 Speaker 7: options expire worthless, there was a winner. The winner was 1897 01:33:30,920 --> 01:33:35,400 Speaker 7: the seller. So option contracts when you buy are actually 1898 01:33:35,520 --> 01:33:40,000 Speaker 7: theata negative. But actually when you're a seller of options, 1899 01:33:40,000 --> 01:33:43,360 Speaker 7: there theta positive. So what does that mean? So theta 1900 01:33:43,479 --> 01:33:47,679 Speaker 7: positive means that you actually gain value from actually selling 1901 01:33:47,760 --> 01:33:51,240 Speaker 7: options when the strike price when you actually go further away. 1902 01:33:51,360 --> 01:33:53,799 Speaker 7: So this is kind of like giving you an idea 1903 01:33:53,800 --> 01:33:55,960 Speaker 7: of the Greeks. We're going to talk about in the 1904 01:33:56,000 --> 01:33:58,560 Speaker 7: money and out the money options a lot here at EYL. 1905 01:33:58,800 --> 01:34:01,639 Speaker 2: So yeah, yeah, like cover calls and spreads and things 1906 01:34:01,680 --> 01:34:04,599 Speaker 2: like that. That's more of an advanced conversation. But yeah, 1907 01:34:04,640 --> 01:34:05,920 Speaker 2: I mean he giving you the game already. 1908 01:34:06,240 --> 01:34:07,160 Speaker 3: There you have it. 1909 01:34:07,600 --> 01:34:09,679 Speaker 6: Ladies and gentlemen, you can tell you knows this stuff 1910 01:34:09,720 --> 01:34:11,680 Speaker 6: because that stuff that you know, he. 1911 01:34:11,840 --> 01:34:13,800 Speaker 3: Just thank you to off the top of his head. 1912 01:34:13,800 --> 01:34:17,160 Speaker 6: It's not like he's like reading the script, so you know, 1913 01:34:17,360 --> 01:34:20,680 Speaker 6: going through all of those Greeks and giving detailed explanations. 1914 01:34:20,680 --> 01:34:22,920 Speaker 6: Got to really study this stuff, so, you know, obviously 1915 01:34:23,040 --> 01:34:28,120 Speaker 6: dedicated a lot of time to learning the language of investing. 1916 01:34:28,360 --> 01:34:31,000 Speaker 6: Very very important. So let's get one more question before 1917 01:34:31,000 --> 01:34:32,200 Speaker 6: we before we rather do it. 1918 01:34:32,400 --> 01:34:35,360 Speaker 2: Like he's really twenty two, No, he's he's really twenty two. Yeah, 1919 01:34:35,760 --> 01:34:39,920 Speaker 2: he's really twenty two. Let's go to let's do this. 1920 01:34:40,000 --> 01:34:43,400 Speaker 2: Let's go to Wesley. Wesley, were coming to you. Mute yourself, 1921 01:34:43,400 --> 01:34:46,080 Speaker 2: you've been unmuted. What's going on? No fridg breaks. It's 1922 01:34:46,120 --> 01:34:48,920 Speaker 2: going on at ten o'clock hour in New York, No 1923 01:34:49,040 --> 01:34:49,840 Speaker 2: Fridz breaks. 1924 01:34:50,360 --> 01:34:52,160 Speaker 4: Yeah, that's it going, guys, what's. 1925 01:34:51,960 --> 01:34:52,640 Speaker 3: Going It's going on? 1926 01:34:52,640 --> 01:34:56,559 Speaker 4: Wesley's going. You know, I definitely appreciate y'all. You know, 1927 01:34:56,560 --> 01:35:00,639 Speaker 4: I caught the Black Friday sale, so I'm fairly new. 1928 01:35:00,800 --> 01:35:03,639 Speaker 12: I'm trying to trying to catch up. You know, definitely 1929 01:35:03,640 --> 01:35:07,519 Speaker 12: what the breaker guys got going. So my question is 1930 01:35:08,400 --> 01:35:11,200 Speaker 12: with the clash, Lawrence is going to be doing, you know, 1931 01:35:11,800 --> 01:35:14,800 Speaker 12: is he going to be like starting uh, like from 1932 01:35:14,840 --> 01:35:16,720 Speaker 12: the beginning as far as like I know, I know 1933 01:35:16,800 --> 01:35:18,600 Speaker 12: you guys are doing like stock after today, which is 1934 01:35:18,640 --> 01:35:21,519 Speaker 12: more like advanced people have been people that has been trading. 1935 01:35:21,560 --> 01:35:23,080 Speaker 4: But are you guys looking to do. 1936 01:35:24,560 --> 01:35:27,040 Speaker 12: Like like the like the beginning part of it, like 1937 01:35:27,120 --> 01:35:30,000 Speaker 12: you know, like stocks, and then you know, moving on 1938 01:35:30,160 --> 01:35:33,479 Speaker 12: up like as each class goes along like that. 1939 01:35:33,920 --> 01:35:36,160 Speaker 2: I'll take the first part and then I'll let Lawrence answer. 1940 01:35:36,200 --> 01:35:38,679 Speaker 2: So part part of it is that we have a club. 1941 01:35:38,760 --> 01:35:41,479 Speaker 2: So we have an investment club, a stock club, and 1942 01:35:41,479 --> 01:35:43,720 Speaker 2: so he's part of that as well. And so it's 1943 01:35:43,760 --> 01:35:46,639 Speaker 2: a whole community of people that are learning on the fly. 1944 01:35:47,040 --> 01:35:49,320 Speaker 2: And it depends on what stage you're at. And there's 1945 01:35:49,320 --> 01:35:51,120 Speaker 2: a lot of people who at beginning stage, like you 1946 01:35:51,120 --> 01:35:53,840 Speaker 2: said you are, so it becomes a community inside that 1947 01:35:53,880 --> 01:35:57,479 Speaker 2: community that people giving information and helping you along the way. 1948 01:35:57,800 --> 01:35:59,680 Speaker 2: Obviously Lawrence is going to be there as well. I'll 1949 01:35:59,720 --> 01:36:01,640 Speaker 2: let him talk about what he'll be doing. But you 1950 01:36:01,720 --> 01:36:03,920 Speaker 2: got to remember the community aspect of it too. Somebody 1951 01:36:04,040 --> 01:36:06,599 Speaker 2: is sitting in front of their computer right now, sitting 1952 01:36:06,560 --> 01:36:09,120 Speaker 2: in front of the TV right now, with the same 1953 01:36:09,160 --> 01:36:11,760 Speaker 2: thought process, like I'm the beginning, and so when like 1954 01:36:11,840 --> 01:36:15,160 Speaker 2: minded people come together as as an individual as a 1955 01:36:15,200 --> 01:36:18,439 Speaker 2: collective community, it's it's a very special thing here. 1956 01:36:19,040 --> 01:36:21,439 Speaker 6: But yeah, but I'm sure it's gonna be different classes too, 1957 01:36:21,479 --> 01:36:23,400 Speaker 6: so you know, it might be a beginning it's definitely 1958 01:36:23,400 --> 01:36:26,400 Speaker 6: probably gonna be a beginner's class, like you know, a 1959 01:36:26,479 --> 01:36:30,040 Speaker 6: beginner's class, a charting one O one class like you know, 1960 01:36:30,080 --> 01:36:33,120 Speaker 6: because everybody's at different stages, so you know, a mix 1961 01:36:33,360 --> 01:36:37,879 Speaker 6: a mix of you know, events and then also beginning 1962 01:36:37,960 --> 01:36:38,679 Speaker 6: level as well. 1963 01:36:38,920 --> 01:36:41,439 Speaker 12: Yeah, because I say that because like because right now 1964 01:36:41,800 --> 01:36:45,240 Speaker 12: I mostly have I'm mostly invested in crypto and now 1965 01:36:45,240 --> 01:36:47,679 Speaker 12: I'm looking to you know, step into like doing stocks 1966 01:36:47,680 --> 01:36:49,280 Speaker 12: as well, because you're not just been taking a lot 1967 01:36:49,280 --> 01:36:53,800 Speaker 12: of notes, especially from the last market Monday class, you know, 1968 01:36:53,840 --> 01:36:55,920 Speaker 12: with like with the ETFs and the stocks that you know, 1969 01:36:56,000 --> 01:36:58,720 Speaker 12: you guys are heavily invested in. So I definitely got 1970 01:36:58,720 --> 01:37:01,840 Speaker 12: my notes and you know, looking to you know, like 1971 01:37:02,240 --> 01:37:04,040 Speaker 12: keep like keep up, keep up with the train, you 1972 01:37:04,040 --> 01:37:06,840 Speaker 12: know what I'm saying, you know, along along with everything else, 1973 01:37:06,880 --> 01:37:08,439 Speaker 12: you know, because I do have kids, and I'm looking 1974 01:37:08,439 --> 01:37:12,519 Speaker 12: to make sure that their future is definitely looking bright, 1975 01:37:12,640 --> 01:37:15,160 Speaker 12: you know, as I'm making, you know, these these moves, 1976 01:37:15,280 --> 01:37:17,120 Speaker 12: and I'll be able to teach them along the way, 1977 01:37:17,439 --> 01:37:17,880 Speaker 12: so you know. 1978 01:37:18,040 --> 01:37:20,160 Speaker 3: So that's that's why Jany just text me. 1979 01:37:20,200 --> 01:37:23,800 Speaker 6: She said, Wednesday's classes will be for beginners Tesdays. 1980 01:37:24,360 --> 01:37:27,080 Speaker 5: Yeah, Wednesday, Wednesdays one on one. 1981 01:37:27,400 --> 01:37:28,840 Speaker 4: Wednesdays, all right, cool? 1982 01:37:29,040 --> 01:37:32,680 Speaker 12: Oh yeah, and last thing, you know, I'm definitely from 1983 01:37:32,720 --> 01:37:35,080 Speaker 12: New York. You know, I've met you guys back in 1984 01:37:35,160 --> 01:37:37,839 Speaker 12: like twenty nineteen. You know, shot this b from Dykeman 1985 01:37:38,120 --> 01:37:40,160 Speaker 12: when you guys pulled up. I definitely filmed, like the 1986 01:37:40,240 --> 01:37:42,800 Speaker 12: interview when you guys pulled up, I wasn't I wasn't 1987 01:37:42,840 --> 01:37:45,000 Speaker 12: too sure like what you guys were up but doing 1988 01:37:45,040 --> 01:37:47,400 Speaker 12: because like I filmed for Dykman as far as like 1989 01:37:47,479 --> 01:37:49,680 Speaker 12: basketball and then it's be pulled me and says it 1990 01:37:49,800 --> 01:37:51,840 Speaker 12: like yo, you know, like She's like, yo, commit flash, 1991 01:37:51,880 --> 01:37:53,479 Speaker 12: I got early leads and early leads. I'm like, who 1992 01:37:53,479 --> 01:37:55,519 Speaker 12: are these guys. She's like, oh, you know these guys 1993 01:37:55,600 --> 01:37:58,800 Speaker 12: doing the financial literacy podcast d D. I don't know 1994 01:37:58,920 --> 01:38:01,760 Speaker 12: what she was really talking about out, but now I'm 1995 01:38:01,760 --> 01:38:02,599 Speaker 12: like fully investing. 1996 01:38:02,640 --> 01:38:05,360 Speaker 4: I'm like, damn, Like that's that's crazy. 1997 01:38:05,400 --> 01:38:07,160 Speaker 12: So you know, I definitely should you guys here, you know, 1998 01:38:07,280 --> 01:38:09,519 Speaker 12: and I appreciate y'all man for appreciate you. 1999 01:38:10,479 --> 01:38:13,400 Speaker 6: Appreciate y'all, appreciate you bro and shout out to Dykeman 2000 01:38:14,640 --> 01:38:17,120 Speaker 6: Fact and we actually got some some stuff that we're 2001 01:38:17,120 --> 01:38:20,800 Speaker 6: working on with Dykeman. So yeah, yeah, it's gonna be 2002 01:38:20,840 --> 01:38:21,639 Speaker 6: gonna be a good summer. 2003 01:38:21,960 --> 01:38:24,160 Speaker 5: Laurens, we didn't give you a chance to answer ahead. 2004 01:38:24,760 --> 01:38:28,519 Speaker 7: Oh no, you got Janet said it. So really Monday 2005 01:38:28,600 --> 01:38:32,000 Speaker 7: is I'm really making it? Really, I'll probably say more advanced, 2006 01:38:32,640 --> 01:38:35,479 Speaker 7: and then on Wednesday, definitely for the beginners investing one 2007 01:38:35,479 --> 01:38:38,200 Speaker 7: on one while the market is open, definitely a little 2008 01:38:38,200 --> 01:38:41,120 Speaker 7: bit more advanced, showing you guys the charts, showing you 2009 01:38:41,160 --> 01:38:43,240 Speaker 7: pretty much like you know, the things to watch during 2010 01:38:43,240 --> 01:38:45,960 Speaker 7: the day while the markets are open, and really going 2011 01:38:46,000 --> 01:38:48,200 Speaker 7: through some procedures out of some of the things that 2012 01:38:48,200 --> 01:38:52,280 Speaker 7: I keep throughout the day, and then also investing one 2013 01:38:52,280 --> 01:38:54,320 Speaker 7: on one the classes to get you started from the beginning. 2014 01:38:54,360 --> 01:38:57,560 Speaker 7: So we'll be reading that book, charting a technical analysis, 2015 01:38:57,560 --> 01:39:00,000 Speaker 7: We'll be going through a lot of things. So definite. 2016 01:39:01,400 --> 01:39:02,320 Speaker 3: There you have it, Lady. 2017 01:39:02,600 --> 01:39:08,160 Speaker 6: Just appreciate you. You got you know, Lawrence, what is 2018 01:39:08,240 --> 01:39:10,519 Speaker 6: my bad bro? What is what's your Instagram? Because I'm 2019 01:39:10,520 --> 01:39:12,480 Speaker 6: sure a lot of people want to follow your instagram. 2020 01:39:13,080 --> 01:39:16,360 Speaker 7: Yeah, so it's mister Lawrence dot E. So m R 2021 01:39:16,920 --> 01:39:19,479 Speaker 7: L A W R E n C E dot e. 2022 01:39:20,080 --> 01:39:23,840 Speaker 7: That is my only page. My only page, So any 2023 01:39:23,880 --> 01:39:27,200 Speaker 7: other phase has made Like you know, these scammers are active. 2024 01:39:27,280 --> 01:39:30,439 Speaker 7: So I think right now I have like seventeen thousand, 2025 01:39:30,560 --> 01:39:33,960 Speaker 7: one hundred followers. So that's my page there. The last 2026 01:39:33,960 --> 01:39:37,280 Speaker 7: post was the fly for tonight, so definitely that is 2027 01:39:37,320 --> 01:39:37,959 Speaker 7: my page. 2028 01:39:38,800 --> 01:39:41,680 Speaker 6: No, I appreciate you so much, bro, thank you for 2029 01:39:42,240 --> 01:39:44,880 Speaker 6: doing this and and thank you for you know, being 2030 01:39:44,880 --> 01:39:46,920 Speaker 6: a light for the community, and thank you for joining 2031 01:39:47,000 --> 01:39:48,080 Speaker 6: eyl University. 2032 01:39:48,720 --> 01:39:50,120 Speaker 3: Something that I'm looking forward to. 2033 01:39:50,240 --> 01:39:52,840 Speaker 6: Like I said, we already had the investment arm, but 2034 01:39:53,320 --> 01:39:55,439 Speaker 6: you know, just adding more to it. That's you always 2035 01:39:55,439 --> 01:39:58,920 Speaker 6: we always investing in EYO university and just adding more 2036 01:39:58,920 --> 01:40:01,080 Speaker 6: to it and just trying to make it, you know, 2037 01:40:01,439 --> 01:40:05,280 Speaker 6: as prominent as possible. So it's definitely gonna be something 2038 01:40:05,320 --> 01:40:08,280 Speaker 6: that's gonna be beneficial to all the earnest. Once again, if 2039 01:40:08,280 --> 01:40:11,320 Speaker 6: get interested, all the classific university get archived, they all 2040 01:40:11,320 --> 01:40:16,120 Speaker 6: get safe to the website real estate credit financial planning 2041 01:40:16,160 --> 01:40:21,760 Speaker 6: called book Club, Movie Club, Facebook group. It's really just 2042 01:40:21,800 --> 01:40:25,120 Speaker 6: a dope vibe and of course of course investing. So 2043 01:40:25,200 --> 01:40:28,720 Speaker 6: Lawrence will be doing the Monday trading class and then 2044 01:40:28,760 --> 01:40:30,080 Speaker 6: the Wednesday beginning class. 2045 01:40:30,120 --> 01:40:33,439 Speaker 3: So it's just so much stuff going on right now. 2046 01:40:33,479 --> 01:40:34,679 Speaker 3: Crypto forgot about Crypto. 2047 01:40:35,479 --> 01:40:38,320 Speaker 5: They were telling Wesday joined the Crypto Club is on 2048 01:40:38,360 --> 01:40:38,679 Speaker 5: the chain. 2049 01:40:38,680 --> 01:40:41,360 Speaker 6: We're in the age of information right now, so it's 2050 01:40:41,439 --> 01:40:43,000 Speaker 6: important that you educate yourself. 2051 01:40:43,479 --> 01:40:45,000 Speaker 3: It's extremely, extremely important. 2052 01:40:45,000 --> 01:40:46,479 Speaker 6: So once again, if you're going, if you want to 2053 01:40:46,479 --> 01:40:48,920 Speaker 6: do that, we gotta sell the last sale of the year, 2054 01:40:49,920 --> 01:40:54,559 Speaker 6: sixty forty eight hours sale and yeah, that's that's good 2055 01:40:54,560 --> 01:40:57,639 Speaker 6: for the whole year from the time that you get 2056 01:40:57,640 --> 01:41:00,200 Speaker 6: it for twelve months and then it renews at the 2057 01:41:00,240 --> 01:41:06,880 Speaker 6: twelve months. So once again, brother Lawrence, thank you so much. 2058 01:41:06,960 --> 01:41:11,040 Speaker 6: Ey l Lawrence, thank you so much. Anything that's anything 2059 01:41:11,040 --> 01:41:11,840 Speaker 6: that you would like to say. 2060 01:41:12,720 --> 01:41:17,280 Speaker 7: Ah, man, I mean just honestly, man, it's just really 2061 01:41:17,280 --> 01:41:19,760 Speaker 7: a surreal moment. This is like you know when they 2062 01:41:19,800 --> 01:41:21,599 Speaker 7: say were like kind of like walking to your purpose, 2063 01:41:21,680 --> 01:41:24,320 Speaker 7: Like this is everything. This means a lot to me 2064 01:41:24,840 --> 01:41:27,640 Speaker 7: just being a part of community like this. So, uh, 2065 01:41:27,840 --> 01:41:31,400 Speaker 7: you know, I'm excited. I'm ready to take on the responsibility. 2066 01:41:31,400 --> 01:41:34,080 Speaker 7: And like I said, I'm excited. I'm looking forward to 2067 01:41:34,160 --> 01:41:37,360 Speaker 7: January third, kicking things off of the Bang twenty twenty two, 2068 01:41:37,400 --> 01:41:40,160 Speaker 7: a lot of big things coming. And just continue to 2069 01:41:40,200 --> 01:41:42,960 Speaker 7: grind and focus. Guys, all you are is just like 2070 01:41:43,000 --> 01:41:46,360 Speaker 7: one step away from literally changing your life. And that's 2071 01:41:46,400 --> 01:41:48,840 Speaker 7: just the way I look at everything. So continue to 2072 01:41:48,880 --> 01:41:54,080 Speaker 7: stay focused, continue to perseverere and focus about being focused, 2073 01:41:54,200 --> 01:41:59,679 Speaker 7: like being around positive energy, positive mindsets, and just continue 2074 01:41:59,680 --> 01:42:00,720 Speaker 7: to rise above me. 2075 01:42:00,840 --> 01:42:01,200 Speaker 2: Were in this. 2076 01:42:01,320 --> 01:42:02,160 Speaker 7: So that's it. 2077 01:42:02,720 --> 01:42:03,080 Speaker 3: That's it. 2078 01:42:03,160 --> 01:42:05,400 Speaker 6: And yeah, the price of the renewal is the same 2079 01:42:05,439 --> 01:42:07,719 Speaker 6: when you join, so it's better to get it earlier 2080 01:42:07,720 --> 01:42:09,200 Speaker 6: because you know, the price goes like a stock. 2081 01:42:09,280 --> 01:42:11,040 Speaker 3: But once you locked in, you locked in for life. 2082 01:42:12,560 --> 01:42:15,560 Speaker 6: And I want to just wish everybody a happy holidays. 2083 01:42:15,640 --> 01:42:23,479 Speaker 6: Whatever you celebrate, If you celebrate anything, Kwanzah, Christmas, what 2084 01:42:23,600 --> 01:42:31,479 Speaker 6: other holidays are there? Honikahash, New Year's, Happy New Years, 2085 01:42:31,920 --> 01:42:33,880 Speaker 6: all of that stuff. Man, you know, just you know, 2086 01:42:33,960 --> 01:42:37,639 Speaker 6: have have a safe time. Be safe out here. Corona 2087 01:42:37,760 --> 01:42:40,600 Speaker 6: is definitely running rampant in the streets right now, so 2088 01:42:41,360 --> 01:42:45,559 Speaker 6: be safe. And yeah, the last thing that we'll do 2089 01:42:45,720 --> 01:42:49,200 Speaker 6: for the year is tomorrow with our boy t. I 2090 01:42:49,240 --> 01:42:52,080 Speaker 6: shout out to tip uh and no, Lawrence, you got 2091 01:42:52,080 --> 01:42:55,760 Speaker 6: to chop it out with him yesterday, so shout out, shout. 2092 01:42:55,439 --> 01:42:58,519 Speaker 3: Out the tip Man. Good, good dude. 2093 01:42:58,600 --> 01:43:02,840 Speaker 6: So check out at Sets Overliabilities on Revolts YouTube channel 2094 01:43:02,880 --> 01:43:07,400 Speaker 6: tomorrow at five o'clock. That's a dope episode, dope conversation 2095 01:43:07,520 --> 01:43:09,880 Speaker 6: with my boy t I. And make sure you check 2096 01:43:09,920 --> 01:43:11,880 Speaker 6: out O our episode of E y L that's out 2097 01:43:11,960 --> 01:43:13,719 Speaker 6: right now for this week. It's just me and Troy 2098 01:43:14,280 --> 01:43:17,160 Speaker 6: Market mondays. Of course, make sure you binge watch Market 2099 01:43:17,160 --> 01:43:21,640 Speaker 6: Monday shouts I make sure you watch this replay. This 2100 01:43:21,680 --> 01:43:24,680 Speaker 6: will also be on podcast outlets Apple, Spotify. 2101 01:43:25,720 --> 01:43:25,920 Speaker 5: Ah. 2102 01:43:26,840 --> 01:43:28,320 Speaker 6: So yeah, man, we got we got a lot of 2103 01:43:28,320 --> 01:43:32,200 Speaker 6: stuff planned. Twenty twenty two is around the corner, so 2104 01:43:32,360 --> 01:43:35,479 Speaker 6: the year is not over. It's still some time. You know, 2105 01:43:35,520 --> 01:43:37,759 Speaker 6: you're gonna grind. You gotta grind to the end. Grind 2106 01:43:37,840 --> 01:43:40,080 Speaker 6: to the end. Will also take some time to reflect, 2107 01:43:40,760 --> 01:43:44,479 Speaker 6: take some time to just you know, plan your vision 2108 01:43:44,560 --> 01:43:49,840 Speaker 6: board for for the next year, not just finances, your 2109 01:43:49,920 --> 01:43:53,160 Speaker 6: vision board for your health, your vision board for your family, 2110 01:43:53,600 --> 01:43:56,480 Speaker 6: your vision your vision board for your you know, your spirituality. 2111 01:43:56,600 --> 01:43:59,360 Speaker 6: Everything is very important. So you know, this is this 2112 01:43:59,400 --> 01:44:02,160 Speaker 6: is a perfect that just you know, take a moment, 2113 01:44:02,760 --> 01:44:08,320 Speaker 6: look at what happened this year. Positive, negative, reevaluate the situation, 2114 01:44:09,479 --> 01:44:14,280 Speaker 6: move forward, stay positive, Stay in the light, Stay in 2115 01:44:14,280 --> 01:44:14,679 Speaker 6: the light. 2116 01:44:15,280 --> 01:44:15,960 Speaker 3: Stay in the light. 2117 01:44:16,080 --> 01:44:17,439 Speaker 2: Most of I feel amazing. 2118 01:44:17,479 --> 01:44:20,360 Speaker 3: Stay away from negativity, Stay away from negative. 2119 01:44:20,400 --> 01:44:22,000 Speaker 2: Don't let it into your animatrid. 2120 01:44:22,640 --> 01:44:25,960 Speaker 6: It's extremely important to stay away from negative energy. 2121 01:44:27,920 --> 01:44:29,759 Speaker 3: Yeah. Man, let's just continue to prosper. 2122 01:44:30,160 --> 01:44:32,880 Speaker 2: Yeah, let's grow, let's build, let's achieve. 2123 01:44:34,479 --> 01:44:36,040 Speaker 3: Oh yeah, shout out to Wall Street Trapper. 2124 01:44:36,080 --> 01:44:38,720 Speaker 6: He's gonna be on Ellen tomorrow, right tomorrow, So make 2125 01:44:38,760 --> 01:44:39,679 Speaker 6: sure you check that out. 2126 01:44:41,000 --> 01:44:43,200 Speaker 3: I don't know what you know? Does that come on NBC? 2127 01:44:43,600 --> 01:44:47,599 Speaker 6: NBC check out Ellen tomorrow? Uh with Wall Street Trapper. 2128 01:44:47,720 --> 01:44:51,200 Speaker 6: Salute to him. That's gonna be that's gonna be fire. Yeah, 2129 01:44:51,560 --> 01:44:52,839 Speaker 6: it looks like us now. 2130 01:44:54,280 --> 01:44:58,719 Speaker 3: Facts facts, all right, Well they have it, ladies and gentlemen. 2131 01:44:58,720 --> 01:45:01,800 Speaker 2: Holiday season, y'all. In the season that doesn't just mean 2132 01:45:01,880 --> 01:45:06,400 Speaker 2: give gifts, give time, reach out, call somebody, one conversation, 2133 01:45:06,600 --> 01:45:10,559 Speaker 2: one text message can change the trajectory of someone's life. 2134 01:45:10,840 --> 01:45:12,679 Speaker 2: Like I really mean that, because we've seen it happen 2135 01:45:13,160 --> 01:45:15,280 Speaker 2: over and over again. So please I encourage you to 2136 01:45:15,360 --> 01:45:18,360 Speaker 2: do that and and again. Be safe, Be safe. I 2137 01:45:18,360 --> 01:45:21,519 Speaker 2: know a lot of people I have caught corona over 2138 01:45:21,520 --> 01:45:23,240 Speaker 2: the past couple of weeks, So prayers up to them 2139 01:45:23,240 --> 01:45:25,640 Speaker 2: and their families. Uh, and love is love, man. We 2140 01:45:25,720 --> 01:45:27,840 Speaker 2: will see y'all. We will see y'all. We're gonna be safe. 2141 01:45:27,920 --> 01:45:28,400 Speaker 4: Number one. 2142 01:45:28,560 --> 01:45:30,040 Speaker 6: And this this is the last thing that we're gonna 2143 01:45:30,080 --> 01:45:32,599 Speaker 6: do for the year. So drop your cash apps. Y'all 2144 01:45:32,640 --> 01:45:35,240 Speaker 6: stayed with us for almost two hours, for longer than 2145 01:45:35,280 --> 01:45:35,799 Speaker 6: two hours. 2146 01:45:36,600 --> 01:45:37,559 Speaker 3: Yeah, we're gonna do. 2147 01:45:39,520 --> 01:45:42,360 Speaker 6: It's the last thing, since this is the last live 2148 01:45:42,439 --> 01:45:45,120 Speaker 6: we're gonna have of a year, drop your cash apps 2149 01:45:45,160 --> 01:45:49,000 Speaker 6: if you're interested in that. All right, I'm a Oh 2150 01:45:49,080 --> 01:45:50,559 Speaker 6: YouTube doesn't work for cash apps? 2151 01:45:50,640 --> 01:45:54,000 Speaker 2: Right? Oh damn? So just to earn us, I guess 2152 01:45:54,080 --> 01:45:57,200 Speaker 2: so damn. I think they blocked it on YouTube, right, 2153 01:45:57,240 --> 01:45:59,080 Speaker 2: they said too many. You know what if they I 2154 01:45:59,080 --> 01:46:00,840 Speaker 2: think if they what they was the ones putting like 2155 01:46:02,439 --> 01:46:04,400 Speaker 2: super chats and they was putting their cash ups in there. 2156 01:46:05,880 --> 01:46:06,880 Speaker 3: Oh no, I see I see. 2157 01:46:07,680 --> 01:46:10,560 Speaker 2: Yeah, Jay, you're on YouTube. Take some some flicks so 2158 01:46:10,600 --> 01:46:12,400 Speaker 2: we can catch some people. I'm gonna take a picture 2159 01:46:12,400 --> 01:46:13,720 Speaker 2: of this right here so I can catch them with 2160 01:46:13,720 --> 01:46:15,519 Speaker 2: the earners is moving so far? All right? 2161 01:46:15,840 --> 01:46:15,920 Speaker 4: Now? 2162 01:46:15,960 --> 01:46:19,320 Speaker 6: They all right, So we'll be sending out some some 2163 01:46:19,400 --> 01:46:22,479 Speaker 6: holiday tightings. 2164 01:46:23,280 --> 01:46:25,240 Speaker 5: Tights like. 2165 01:46:27,600 --> 01:46:29,160 Speaker 3: Mm hmm, hold you over. 2166 01:46:31,160 --> 01:46:33,360 Speaker 2: We gotta send it out now. You got if you're shopping, 2167 01:46:33,400 --> 01:46:37,960 Speaker 2: you got like another day, two days, get it done. 2168 01:46:38,760 --> 01:46:42,479 Speaker 6: Yeah, all right, yeah, we got it. I see I 2169 01:46:42,560 --> 01:46:44,400 Speaker 6: see it on YouTube. So yeah, we're gonna pick some 2170 01:46:44,400 --> 01:46:48,160 Speaker 6: people from YouTube, a couple of earnest All right, ladies 2171 01:46:48,200 --> 01:46:51,599 Speaker 6: and gentlemen. So it's been a pleasure. Be safe, Lawrence, 2172 01:46:51,680 --> 01:46:54,400 Speaker 6: Thank you, dog, appreciate you. Safety all right, y'all. 2173 01:46:57,240 --> 01:47:00,559 Speaker 13: With robin Hood, not only can you trade individual stocks ETFs, 2174 01:47:00,800 --> 01:47:04,640 Speaker 13: you can also seamlessly buy and sell crypto at low costs, 2175 01:47:04,920 --> 01:47:08,599 Speaker 13: trade all in one place. Get started now on robin Hood. 2176 01:47:08,640 --> 01:47:11,120 Speaker 13: Trading crypto involves significant risk. Crypto trading is offered through 2177 01:47:11,120 --> 01:47:13,360 Speaker 13: an account with the Robert Hood Crypto LC. Robinhood Crypto 2178 01:47:13,400 --> 01:47:15,559 Speaker 13: is licensed to engage in virtual currency business activity by 2179 01:47:15,560 --> 01:47:17,559 Speaker 13: the New York State Department of Financial Services. Crypto held 2180 01:47:17,560 --> 01:47:20,160 Speaker 13: thro robin Hood Cryptos not FDIC insured or SIPC protected. 2181 01:47:20,240 --> 01:47:23,040 Speaker 13: Investing involves risk, including laws of principle Securities. Trading is 2182 01:47:23,080 --> 01:47:25,839 Speaker 13: offered thro an account with robin Hood Financial LLC member SIPC, 2183 01:47:26,040 --> 01:47:27,120 Speaker 13: a registered broker dealer