WEBVTT - Study Hall: Make Money with Stock Options 0:00:00.040 --> 0:00:03.600 An illegal alien from Guatemala charged with raping a child 0:00:03.680 --> 0:00:07.480 in Massachusetts. An MS thirteen gang member from Al Salvador 0:00:07.720 --> 0:00:11.840 accused of murdering a Texas man of Venezuelan charged with 0:00:11.920 --> 0:00:15.840 filming and selling child pornography in Michigan. These are just 0:00:15.920 --> 0:00:19.680 some of the heinous migrant criminals caught because of President 0:00:19.720 --> 0:00:23.320 Donald J. Trump's leadership. I'm Christy nom the United States 0:00:23.320 --> 0:00:28.120 Secretary of Homeland Security. Under President Trump, attempted illegal border 0:00:28.160 --> 0:00:31.680 crossings are at the lowest levels ever recorded, and over 0:00:31.760 --> 0:00:34.960 one hundred thousand illegal aliens have been arrested. If you 0:00:35.040 --> 0:00:38.920 are here illegally, your next you will be fined nearly 0:00:39.000 --> 0:00:43.000 one thousand dollars a day, imprisoned, and deported. You will 0:00:43.040 --> 0:00:46.680 never return. But if you register using our CBP home 0:00:46.720 --> 0:00:50.120 app and leave now, you could be allowed to return legally. 0:00:50.479 --> 0:00:55.240 Do what's right. Leave now. Under President Trump, America's laws, 0:00:55.400 --> 0:00:57.840 border and families will be protected. 0:00:57.920 --> 0:01:00.920 Sponsored by the United States Department of Homeland Security. We love, 0:01:03.360 --> 0:01:04.920 We love, Yes, we are. 0:01:09.720 --> 0:01:10.560 What's going on? 0:01:12.920 --> 0:01:13.360 What up? 0:01:13.440 --> 0:01:13.840 Y'all? 0:01:14.240 --> 0:01:17.600 We go'st the team Man. 0:01:18.480 --> 0:01:20.720 Years not over yet, There's still work to be done. 0:01:22.160 --> 0:01:25.679 Still, recording is not in progress for those not in 0:01:25.720 --> 0:01:27.760 the know, what's going on too? 0:01:27.840 --> 0:01:31.120 What's up, earners, what's up? Let's gather around. 0:01:32.080 --> 0:01:33.440 Still a lot of work to be done. 0:01:33.560 --> 0:01:34.559 Let's have a sit down. 0:01:35.200 --> 0:01:36.280 What's going on, y'all. 0:01:37.319 --> 0:01:43.920 Hope everybody is doing well, getting ready to finish out 0:01:43.959 --> 0:01:47.480 the years strong and getting ready for Make It Strong 0:01:48.520 --> 0:01:49.280 twenty twenty two. 0:01:49.400 --> 0:01:50.320 Very very important. 0:01:50.600 --> 0:01:52.360 I hope you got a chance to check out all 0:01:52.400 --> 0:01:54.400 the content that we've been putting out this week. We 0:01:54.480 --> 0:02:00.880 had NonStop content and we're finishing up tomorrow. Actually with 0:02:01.120 --> 0:02:03.240 our boy T, I shot the tip. 0:02:03.360 --> 0:02:08.080 He lugged me in the Wi Fi to the yeah. 0:02:08.760 --> 0:02:11.639 So but yeah, today is something that you know, if 0:02:11.680 --> 0:02:15.760 we definitely definitely extremely extremely excited about something. 0:02:15.480 --> 0:02:20.720 That said hi demand So you know, it's a it's 0:02:20.760 --> 0:02:21.040 one to be. 0:02:21.120 --> 0:02:22.720 It's gonna be one of those things that I'm sure 0:02:22.760 --> 0:02:24.840 a lot of people will enjoy a lot of information 0:02:25.680 --> 0:02:30.160 and a topic that is extremely relevant. So, yeah, we 0:02:30.440 --> 0:02:33.519 ain't even gonna play around with this. It's Lawrence, Lawrence here, Lawrence. 0:02:33.560 --> 0:02:33.880 What's up? 0:02:34.000 --> 0:02:39.000 He's Lawrence? What's going on? Brother? 0:02:40.320 --> 0:02:41.079 Hey, what's going on? 0:02:41.160 --> 0:02:41.440 Guys? 0:02:41.560 --> 0:02:42.960 How y'all doing my dog? 0:02:43.120 --> 0:02:43.480 Everything? 0:02:43.600 --> 0:02:45.359 Good? Man? Are you man? 0:02:45.400 --> 0:02:48.280 I'm good? What's going on YouTube? We're up what's going. 0:02:48.080 --> 0:02:49.240 On you yo? 0:02:49.360 --> 0:02:51.400 For those not in the know, we're talking to the 0:02:51.440 --> 0:02:55.079 young legend. The young legend you are, Lawrence Man. We 0:02:55.160 --> 0:02:58.440 got some breaking news tonight. We had an amazing call yesterday. 0:02:58.480 --> 0:03:00.919 We're gonna have an amazing night. I hope everybody got 0:03:00.919 --> 0:03:03.160 their drive race board. I hope you got your penny 0:03:03.160 --> 0:03:06.160 in your pad. If you had a chalk board, get 0:03:06.200 --> 0:03:09.000 your chalk ready. We're gonna get into some things today. 0:03:09.120 --> 0:03:11.000 This is for everybody. You know, we get to ask 0:03:11.040 --> 0:03:13.960 that question all the time. Yeah, we invest in long 0:03:14.040 --> 0:03:17.720 term stocks, but word option has been coming up at 0:03:17.760 --> 0:03:20.959 a feverish pace. Like everywhere we go, everybody wants to 0:03:21.000 --> 0:03:24.520 talk options, and a lot of people, you know, depending 0:03:24.560 --> 0:03:27.160 on where they started following our journey, they might have 0:03:27.200 --> 0:03:29.400 missed the beginning pieces of it. And so tonight we 0:03:29.480 --> 0:03:32.040 just wanted to dedicate a moment in time, a moment 0:03:32.120 --> 0:03:36.080 in history, to to touch everybody with the beginning learning 0:03:36.080 --> 0:03:39.520 stages of options and what they are, and debunk some 0:03:39.640 --> 0:03:43.040 myths and hopefully enlighten people with the information that they 0:03:43.040 --> 0:03:46.120 can actually use and execute going forward. So that's what 0:03:46.160 --> 0:03:46.880 we here tonight for. 0:03:47.320 --> 0:03:49.400 Yeah, for sure, So we're not even gonna waste too 0:03:49.480 --> 0:03:51.920 much time. We're gonna jump right into it. But as 0:03:51.960 --> 0:03:56.440 Troy said, what this is the last Wednesday of every month, 0:03:56.920 --> 0:03:59.280 we do what we call open Enrollment, which is an 0:03:59.320 --> 0:04:05.560 EYL University class, but it's done on YouTube, so everybody 0:04:05.600 --> 0:04:10.080 can and you know, enjoy and participate in it, and 0:04:10.120 --> 0:04:11.920 it's a way it's like a window into what we 0:04:12.000 --> 0:04:15.920 have gone for EYL University. So this this one, we 0:04:16.200 --> 0:04:18.039 did it a week earlier than we usually do it 0:04:18.080 --> 0:04:20.320 because obviously next week is the last week of the year, 0:04:20.360 --> 0:04:22.760 so we're going to take next week off. But this 0:04:22.839 --> 0:04:24.880 is something that you know, we have never really had, like, 0:04:24.960 --> 0:04:28.000 you know, a whole class or a whole topic on 0:04:28.080 --> 0:04:31.560 YouTube devoted to stock options. And as I posted on 0:04:31.600 --> 0:04:35.840 Instagram today, stock options is a record breaking year, up 0:04:35.880 --> 0:04:39.520 thirty five percent as far as trades from last year, 0:04:39.640 --> 0:04:41.120 but still a lot of people still. 0:04:40.920 --> 0:04:41.680 Are losing money. 0:04:41.880 --> 0:04:44.800 So everybody's handing about options, and not a lot of 0:04:44.800 --> 0:04:47.960 people are really fully educated on options. So what we're 0:04:47.960 --> 0:04:51.000 gonna do today is kind of walk you through from 0:04:51.120 --> 0:04:53.720 a basic level of like what a stock option is, 0:04:53.839 --> 0:04:56.240 and how to invest in stock options, how to trade 0:04:56.240 --> 0:04:58.880 stock options and then I guess it can go all 0:04:58.880 --> 0:05:00.960 the way up to advance because and we're gonna talk 0:05:01.000 --> 0:05:04.680 about we're going to answer questions as well live from 0:05:04.720 --> 0:05:09.320 Eyo University. So yes, we have our professor for Eyo 0:05:09.480 --> 0:05:13.000 University who has been gracious with his time and we 0:05:13.040 --> 0:05:15.480 thank him for that. Lawrence, if you tuned into the 0:05:15.560 --> 0:05:17.479 last one that he did on YouTube, which is on 0:05:17.600 --> 0:05:22.440 cryptocurrency of you, yeah that was crazy. That went crazy. 0:05:22.520 --> 0:05:24.480 So if you tuned in for that, you know you're 0:05:24.480 --> 0:05:27.680 in for a treat tonight. And so yeah, we're gonna 0:05:27.720 --> 0:05:29.440 jump right into it. But before we start, just wanting 0:05:29.480 --> 0:05:32.400 to just let everybody know once again, this is a 0:05:32.480 --> 0:05:36.440 part of eyl University and for part of Eyo University. 0:05:36.440 --> 0:05:38.880 You know, we have sixteen infinity groups. So we have 0:05:38.920 --> 0:05:41.640 a Crypto club, we have real estate Club, we have 0:05:41.680 --> 0:05:45.520 an investment club, we have you know, a military club. 0:05:45.520 --> 0:05:47.720 We have all kinds of different infinity groups that's led 0:05:47.760 --> 0:05:51.400 by the students. We actually have break bread sessions with 0:05:51.520 --> 0:05:53.440 MG the mortgage guy, which he talks about real estate 0:05:53.440 --> 0:05:55.520 twice a month. I do financial planning calls. We have 0:05:55.560 --> 0:05:56.160 a movie. 0:05:55.960 --> 0:05:58.640 Club and a book club led by Troy. We have 0:05:58.680 --> 0:05:59.719 a Facebook group. 0:06:00.640 --> 0:06:03.240 We have weekly classes and those classes are archives, so 0:06:03.279 --> 0:06:06.600 there's over two hundred past classes. It's like in encyclopedia. 0:06:06.720 --> 0:06:09.919 So the best way to really describe it is like 0:06:09.960 --> 0:06:12.520 earn you a lesion on steroids. And it's for people 0:06:12.520 --> 0:06:15.120 that really want like a hands on you know, experience 0:06:15.640 --> 0:06:18.160 and a hands on you know approach and be part 0:06:18.200 --> 0:06:21.520 of a community. And it's growing at a rapid page. 0:06:21.560 --> 0:06:23.599 Twelve thousand people in it right now. We got a 0:06:23.600 --> 0:06:25.440 lot of stuff playing for twenty twenty two. We'll talk 0:06:25.440 --> 0:06:29.040 about that later on breaking news. Yeah, physical events and 0:06:29.040 --> 0:06:31.760 and a lot a lot of stuff. So if you're interested, 0:06:31.839 --> 0:06:34.520 this is the last, like I said, class that will 0:06:34.560 --> 0:06:35.920 do for the years. So we're doing the end of 0:06:35.960 --> 0:06:39.159 the year sale sixty five percent off of the annual membership. 0:06:39.160 --> 0:06:41.880 It's gonna be for twenty four hours. So if you're interested, 0:06:41.920 --> 0:06:44.680 I'll put the link in the in the YouTube and 0:06:44.680 --> 0:06:46.120 then we'll also put it in a description. 0:06:46.240 --> 0:06:47.680 Like I said, we'll talk about that later on. 0:06:48.320 --> 0:06:51.720 But yeah, without further ado, I want to, you know, 0:06:51.800 --> 0:06:54.040 get this show on the road. So it's gonna be 0:06:54.120 --> 0:06:57.560 Troy and Lawrence both gonna be talking. I'm gonna be 0:06:57.600 --> 0:07:00.240 kind of just moderating the situation. But I know, you 0:07:00.240 --> 0:07:02.480 guys put together a presentation, so I'm not sure who 0:07:02.520 --> 0:07:03.080 wants to start. 0:07:03.160 --> 0:07:04.120 Yeah, I'm gonna kick it off. 0:07:04.200 --> 0:07:04.400 Man. 0:07:04.560 --> 0:07:06.680 You know it's home turf, so I gotta kick it off. 0:07:06.720 --> 0:07:09.040 So yeah, man, we're gonna get it right to it. 0:07:09.279 --> 0:07:12.360 And I know people love love presentation, so we decided 0:07:12.360 --> 0:07:14.400 to put a presentation together to make it easy for 0:07:14.400 --> 0:07:17.560 everybody to see. I know people are writing notes. Don't worry. 0:07:17.640 --> 0:07:19.280 I'm gonna leave the slides up there so you can 0:07:19.320 --> 0:07:22.160 actually see it. Just put it yes in chat. Just 0:07:22.160 --> 0:07:23.960 put it yes in chat if y'all can see the screen, 0:07:24.040 --> 0:07:28.560 so we know what's going on, all right, perfect, perfect, 0:07:28.600 --> 0:07:31.520 perfect perfect. You see that shield. You know it's about 0:07:31.520 --> 0:07:34.640 to happen. You know, perfect, perfect perfect? 0:07:34.680 --> 0:07:35.280 You know that shill? 0:07:35.400 --> 0:07:37.320 All right, So let's get into it. Let's get into it, 0:07:39.480 --> 0:07:42.160 all right. So here's the question. I need everybody to 0:07:42.560 --> 0:07:45.440 honestly answer this question right now. So do you think 0:07:45.840 --> 0:07:48.960 Apple's price The stock price, which is currently trading at 0:07:48.960 --> 0:07:51.160 one hundred and seventy five thousand, eighty six cents, can 0:07:51.160 --> 0:07:54.680 trade at two hundred dollars by January nineteen twenty twenty four. 0:07:55.360 --> 0:07:56.600 Put your answers in chat, right. 0:07:56.480 --> 0:07:59.760 Now, got a lot of yeses. 0:08:00.000 --> 0:08:06.240 I'll see for sure. Hell yeah, right. So, based on 0:08:06.280 --> 0:08:08.800 what you know about Apple and based only know about 0:08:08.840 --> 0:08:11.640 the economy, you said yes, like most people have said yes, 0:08:11.760 --> 0:08:14.120 of course. Right, is this even a question? 0:08:14.280 --> 0:08:14.440 Right? 0:08:14.440 --> 0:08:18.080 So basically, what you've done is you've predicted the potential 0:08:18.600 --> 0:08:20.520 price of a stock in the future. 0:08:21.280 --> 0:08:24.240 And that, in a simple sense, is what an option is. 0:08:24.520 --> 0:08:27.200 Right. You just did it for the growth, and we're 0:08:27.200 --> 0:08:29.000 going to talk about what it is when it grows 0:08:29.240 --> 0:08:32.080 and when it depreciates when it falls. It's two types. 0:08:32.400 --> 0:08:34.760 So everybody got the question, right, and so let's keep 0:08:34.760 --> 0:08:39.920 moving right. So, like I said, essentially the future price 0:08:40.000 --> 0:08:42.800 prediction of a given asset is what you just did, right. 0:08:42.840 --> 0:08:45.319 Here's the example. The asset was Apple. That was a 0:08:45.360 --> 0:08:47.280 stock you chose. I gave you the price what it 0:08:47.360 --> 0:08:49.360 is now as of today. It might have went down 0:08:49.400 --> 0:08:52.640 a few cents after hours. The future price prediction was 0:08:52.679 --> 0:08:54.920 two hundred dollars and that's the strike price. And we'll 0:08:54.920 --> 0:08:57.040 show you how we came up with that and the 0:08:57.080 --> 0:09:00.599 future date. Right. So January nineteen, twenty twenty, for a 0:09:00.679 --> 0:09:04.320 little over two years away. That's the expiration date. And 0:09:04.360 --> 0:09:07.720 so when I say expiration date is because you're giving 0:09:07.760 --> 0:09:09.479 yourself a specific time. 0:09:10.960 --> 0:09:12.840 To have this number be hit. 0:09:12.960 --> 0:09:15.920 Now granted it doesn't have to even hit two hundred, 0:09:15.920 --> 0:09:18.960 and we'll talk about why, because there's money that can 0:09:19.000 --> 0:09:20.760 be made either way if it makes it to it 0:09:20.920 --> 0:09:23.280 or if it doesn't. All right, So I need everybody 0:09:23.440 --> 0:09:29.720 just to understand that piece, all right, go ahead? 0:09:30.240 --> 0:09:34.280 Yeah, So what are option contracts? Option contracts offers the 0:09:34.360 --> 0:09:37.840 buyer the opportunity to buy or sell depending on the 0:09:37.880 --> 0:09:42.079 type of contract that they hold. So the chosen asset 0:09:42.320 --> 0:09:44.640 is at a price set out in the contract at 0:09:44.720 --> 0:09:49.240 expiration date. So this is key. Options differ from shares. 0:09:49.600 --> 0:09:51.200 So a lot of people a lot of times get 0:09:51.200 --> 0:09:53.720 confused and saying, you know, am I making a call 0:09:53.840 --> 0:09:56.400 or a put? Or am I buying or selling shares? 0:09:56.760 --> 0:09:59.959 So when you're holding options, every option that you hold 0:10:00.440 --> 0:10:03.160 is worth one hundred shares, So you can be a 0:10:03.200 --> 0:10:06.280 buyer of options, and you can also be a seller 0:10:06.360 --> 0:10:08.880 of options if you have more than one hundred shares. 0:10:09.280 --> 0:10:12.440 So for every buyer, there is a seller. So each 0:10:12.559 --> 0:10:15.720 contract is worth one hundred shares, which is why you 0:10:15.760 --> 0:10:19.760 always see contracts expressed. Sometimes you see twenty five dollars 0:10:19.760 --> 0:10:22.960 and twenty six cents. That's really two five hundred and 0:10:23.000 --> 0:10:27.200 twenty six dollars per that option contract. So always remember 0:10:27.240 --> 0:10:30.640 that option contracts are broken up and always worth. Every 0:10:30.720 --> 0:10:33.800 option contract is worth one hundred shares and you have 0:10:33.920 --> 0:10:37.400 the right to purchase those hundred shares at that expiration 0:10:37.600 --> 0:10:42.080 date as long as the contract is potentially fulfilled. And 0:10:42.160 --> 0:10:46.520 so in order for that contracy fufilled, the stock actually 0:10:46.520 --> 0:10:48.880 has to go above the strike price, which we'll talk about. 0:10:49.200 --> 0:10:51.200 Yeah, and I want people to be very clear about that, 0:10:51.320 --> 0:10:52.920 and I put it in bold letters for a reason. 0:10:52.960 --> 0:10:55.480 Their contracts are not shares. And so when people buy 0:10:55.520 --> 0:10:57.160 a share of a company, or we'd like to say 0:10:57.200 --> 0:11:00.160 when we're teaching kids a slice of a company, right, 0:11:00.200 --> 0:11:03.720 you're going to pay the equities price at that time. 0:11:03.760 --> 0:11:06.600 So today Apple was one seventy five, two days ago 0:11:06.679 --> 0:11:08.680 was one seventy one. If you wanted to share, that's 0:11:08.679 --> 0:11:11.840 how much you would pay. Options are completely different. They're 0:11:11.880 --> 0:11:15.200 not based on the share, although that does take into 0:11:15.320 --> 0:11:19.840 account how the bid and the asset is perceived, and 0:11:19.840 --> 0:11:21.160 we'll talk about how that works too. 0:11:21.800 --> 0:11:26.880 Yep, yep, so you have right here. A stock option 0:11:27.000 --> 0:11:29.640 contract is the option to buyer sell one hundred shares, 0:11:29.679 --> 0:11:32.760 So one contract equals one hundred shares, So you can 0:11:32.800 --> 0:11:35.680 buy multiple contracts. You could buy two contracts that would 0:11:35.679 --> 0:11:38.840 be two hundred shares, three contracts four hundred, and then 0:11:39.720 --> 0:11:42.079 you take a three contracts three hundred and four contracts 0:11:42.120 --> 0:11:44.880 four hundred. So this is imperative important for us to 0:11:44.960 --> 0:11:48.040 kind of understand a lot of times when people are 0:11:48.040 --> 0:11:50.600 taking a look at option contracts, a lot of times 0:11:50.800 --> 0:11:53.920 they get confused. They're saying, Okay, why am I purchasing 0:11:53.960 --> 0:11:56.360 this one contract? How is it worth one hundred shares? 0:11:56.880 --> 0:11:59.320 So on the sale side, how like where do option 0:11:59.440 --> 0:12:04.000 contracts actually come from? So option contracts actually come from sellers. 0:12:04.280 --> 0:12:06.760 So you have people who may own a thousand shares 0:12:06.760 --> 0:12:10.520 of Apple and they decide to actually sell you the 0:12:10.640 --> 0:12:14.800 actual options. Those options actually cost a what a premium, 0:12:14.840 --> 0:12:18.719 a select premium. So it's imperative to understand that that 0:12:18.920 --> 0:12:21.680 option contracts are always worth one hundred shares. And this 0:12:21.840 --> 0:12:25.280 is how they're actually created by a seller. A seller 0:12:25.360 --> 0:12:28.800 sells you that option, you pay a premium, so you 0:12:28.840 --> 0:12:31.120 pay a price. The seller collects that. 0:12:31.160 --> 0:12:35.200 Premium perfect, all right. 0:12:35.240 --> 0:12:37.480 So there's two types of options, and this is again 0:12:37.559 --> 0:12:40.080 this is the beginners. Obviously there's more advanced and we 0:12:40.120 --> 0:12:41.680 can talk about that maybe a little bit later, because 0:12:41.679 --> 0:12:44.600 I'm sure some people are involved in trading options. But 0:12:44.960 --> 0:12:47.120 it comes down to two for the beginning stage, and 0:12:47.120 --> 0:12:50.120 that's calls inputs. I'm gonna talk about calls really quickly, right, 0:12:50.120 --> 0:12:52.400 So calls that pretty much is that if you think 0:12:52.400 --> 0:12:54.720 the stock price move up, you're going to make a call. 0:12:54.800 --> 0:12:57.760 So a call options are speculating on the price increase 0:12:57.880 --> 0:13:00.760 of an asset. They are the financial contracts that give you, 0:13:01.040 --> 0:13:03.280 the buyer, the right but not the obligation, so you 0:13:03.320 --> 0:13:05.880 don't have to but you can buy an asset at 0:13:05.880 --> 0:13:08.240 a specific price within a specific time, which would be 0:13:08.280 --> 0:13:11.560 that expiration date. So a call buyer profits when the 0:13:11.640 --> 0:13:13.679 underlying asset increases in price. 0:13:13.880 --> 0:13:16.720 So Apple, this is our example. We're gonna use Apple. 0:13:16.520 --> 0:13:18.760 Because it's the greatest company in the world, right Apple, 0:13:18.800 --> 0:13:20.719 if it currently is at one hundred and seventy five 0:13:20.760 --> 0:13:23.920 dollars per share today, if I'm looking at the future 0:13:23.960 --> 0:13:25.719 price of it, and I believe that it's going to 0:13:25.760 --> 0:13:28.000 go up, in majority of you said that Yeah, by 0:13:28.080 --> 0:13:30.160 January twenty twenty four, it can make it to two 0:13:30.240 --> 0:13:33.240 hundred dollars. Then I'm making a call on that because 0:13:33.280 --> 0:13:36.440 I'm saying that the price of Apple will appreciate in 0:13:36.480 --> 0:13:40.840 that given time now as it appreciates from one seventy five. 0:13:40.880 --> 0:13:43.319 If I bought that call today, I'm going to make 0:13:43.360 --> 0:13:45.800 money all the way up until it hits two hundred. 0:13:46.040 --> 0:13:48.640 I'll make even more money if it passes two hundred, 0:13:49.160 --> 0:13:52.640 and so this is key to know the difference between 0:13:52.640 --> 0:13:54.480 the two. Right. So if I'm saying that the price 0:13:54.559 --> 0:13:55.800 are going to go up and I believe in that, 0:13:56.000 --> 0:14:00.320 and again we're investing in solid companies right that have 0:14:00.400 --> 0:14:04.000 appreciation and have growth and strong fundamentals, then I would 0:14:04.040 --> 0:14:06.960 make a call. Now, we got to say this investing 0:14:07.120 --> 0:14:10.360 has considerable risk, and we always stress to people, Please, 0:14:10.400 --> 0:14:13.120 if you don't know how to trade stocks, you probably 0:14:13.120 --> 0:14:15.120 shouldn't start with options, right. You should probably have a 0:14:15.160 --> 0:14:18.320 portfolio that has some stocks in it that some long 0:14:18.400 --> 0:14:20.720 term companies that you can believe in. Obviously Microsoft and 0:14:20.720 --> 0:14:23.440 Apple we talk about a lot in video AMD. All 0:14:23.440 --> 0:14:26.840 these companies that are strong, you should have stock in them. 0:14:27.240 --> 0:14:30.520 And then if you want to invest in options. I 0:14:30.520 --> 0:14:32.520 think it's a great idea as well. So those are calls. 0:14:32.560 --> 0:14:33.720 If you think the price is going to go up, 0:14:33.760 --> 0:14:40.000 you're going to make a call on that option. Yep. 0:14:40.080 --> 0:14:42.160 So then we have on the opposite side, we have 0:14:42.200 --> 0:14:45.080 on the opposite side put so put options. So put 0:14:45.160 --> 0:14:48.119 options actually allow you to make money off of assets 0:14:48.240 --> 0:14:51.720 price going down. So put options can be very lucrative. 0:14:51.760 --> 0:14:54.320 A lot of people always ask what can you use 0:14:54.360 --> 0:14:57.360 put options for? So there's been a myth that's been 0:14:57.360 --> 0:14:59.800 going around for years. On top of years where we 0:14:59.880 --> 0:15:01.600 have I haven't been in this space where we've been 0:15:01.600 --> 0:15:03.440 tricked out of when we think, hey, that the stock 0:15:03.520 --> 0:15:05.600 market you can only make money off the stock market 0:15:05.640 --> 0:15:08.240 going up, but you can actually make money off of 0:15:08.640 --> 0:15:12.520 Apple stock price coming down, the video Tesla, whatever, stock 0:15:13.000 --> 0:15:15.880 Intel here, you can make money off that stock price 0:15:15.920 --> 0:15:19.560 actually declining the increase. So what happens is you pay 0:15:19.600 --> 0:15:23.000 a specific premium and if the stock price goes and falls, 0:15:23.000 --> 0:15:27.400 for example, Intel here, Intel's at fifty points sixty two dollars. 0:15:27.800 --> 0:15:30.920 If Intel then falls five dollars, you can profit off 0:15:30.920 --> 0:15:33.840 of that. So instead of you just holding shares, and 0:15:33.880 --> 0:15:36.840 when you're holding shares, you may lose value of your 0:15:36.840 --> 0:15:39.800 shares when it declines, you can actually profit and make money. 0:15:40.160 --> 0:15:42.360 So I tell people that this is a great strategy 0:15:42.360 --> 0:15:45.640 to use, especially on red days in times of market turmoil. 0:15:46.000 --> 0:15:49.520 So for example, when the coronavirus first hit, people actually 0:15:49.520 --> 0:15:52.520 profited off that market downfall. When we saw the market's 0:15:52.520 --> 0:15:55.520 decline thirty six percent. People just did it in their 0:15:55.520 --> 0:15:58.640 positions and hold shares and just see their value their 0:15:58.680 --> 0:16:02.520 shares decrease. They also use put options to actually hedge 0:16:02.600 --> 0:16:05.320 against their portfolio. So the reason why I really like 0:16:05.400 --> 0:16:08.600 put options is honestly because you can actually make money 0:16:08.880 --> 0:16:11.840 to the downside with a stock going down, and then 0:16:11.880 --> 0:16:14.840 you can go ahead and purchase. So one of the 0:16:14.880 --> 0:16:16.920 things that I really like to say about put options 0:16:16.960 --> 0:16:20.120 is I utilize put options on Square most recently. We've 0:16:20.160 --> 0:16:22.560 all seen that Square is what came down from two 0:16:22.760 --> 0:16:24.640 forty and two point fifty and now it's sitting at 0:16:24.640 --> 0:16:28.720 about one sixty seven at today's close. So using put options, 0:16:28.720 --> 0:16:31.040 I was able to profit of trading this stock to 0:16:31.080 --> 0:16:34.040 the downside. But yes, I like Square long term, So 0:16:34.120 --> 0:16:36.480 guess what, Now I've profited it off of making money 0:16:36.480 --> 0:16:38.800 off that stock going down, and now I had the 0:16:38.880 --> 0:16:41.560 ability to be able to buy shares at a lower price, 0:16:41.920 --> 0:16:44.200 but then I also profited from that. So now I 0:16:44.240 --> 0:16:46.880 actually have money and equity to be able to pour 0:16:46.960 --> 0:16:50.160 in on quality companies that I'm now being able to 0:16:50.160 --> 0:16:54.320 buy cheaper. So put options lose value when the stock 0:16:54.440 --> 0:16:57.880 goes up, So that's key. So unlike call options that 0:16:58.160 --> 0:17:01.040 when the stock goes up, you're making money, put options 0:17:01.080 --> 0:17:04.120 when the stock goes When the stock goes up, you're 0:17:04.160 --> 0:17:05.760 actually losing money on put options. 0:17:05.840 --> 0:17:07.919 All right, So I want to real quick because I 0:17:07.960 --> 0:17:09.919 want people to really catch this right, And so I 0:17:09.920 --> 0:17:11.600 want you to notice something here. When I made my 0:17:11.680 --> 0:17:14.080 call option, Look how far out I went right twenty 0:17:14.080 --> 0:17:16.480 twenty four, which is two years away when I did 0:17:16.520 --> 0:17:19.440 a put option. Right, if you look here in the example, 0:17:19.880 --> 0:17:22.879 we only went to March twenty twenty two, Lauren, tell 0:17:22.960 --> 0:17:24.800 them why the difference in time span when we do 0:17:24.840 --> 0:17:25.640 puts and calls. 0:17:25.840 --> 0:17:28.160 Yeah, So, like a lot of times, if we're taking 0:17:28.160 --> 0:17:30.600 a look at you know, how far the market has 0:17:30.720 --> 0:17:33.400 dropped and went down. We've seen a couple pullbacks here. 0:17:33.440 --> 0:17:36.800 We've seen pullbacks back here in twenty twenty where we 0:17:36.800 --> 0:17:39.480 saw a thirty six percent decline. We saw a bear 0:17:39.520 --> 0:17:42.600 market that came in twenty eighteen. We saw a short 0:17:42.640 --> 0:17:45.600 mini fall in twenty thirteen and twenty fifteen, We saw 0:17:45.600 --> 0:17:48.359 the financial crisis in two thousand and eight. We also 0:17:48.400 --> 0:17:51.280 saw a downturn in the dot com bubble. So these 0:17:51.400 --> 0:17:54.960 downturns have actually been very small. So the timing when 0:17:54.960 --> 0:17:57.399 we take a look at the market of over this 0:17:57.440 --> 0:18:00.000 one hundred year existence of the stock market, ninety four 0:18:00.280 --> 0:18:02.919 years out of the one hundred the stock market has 0:18:02.920 --> 0:18:05.280 actually been going up. So when we take a look, 0:18:05.320 --> 0:18:07.520 the stock market is going up more than it's going down. 0:18:07.600 --> 0:18:10.239 So you don't want to be caught and puts on 0:18:10.320 --> 0:18:13.399 certain companies for long periods of time because you can 0:18:13.440 --> 0:18:15.040 lose a lot of money. 0:18:15.200 --> 0:18:19.159 Perfect, perfect, all right, So expiration dates right, and so 0:18:19.280 --> 0:18:22.639 again when we gave the example, we said January nineteen, 0:18:22.720 --> 0:18:26.159 twenty twenty four. For the Intel example, we said March eighteen, 0:18:26.280 --> 0:18:29.280 twenty twenty two. And I gave those dates because those 0:18:29.320 --> 0:18:32.520 are significant dates. They're called quadruple witching. And we said 0:18:32.560 --> 0:18:35.760 that happens every quarter. So the third month of every quarter, 0:18:36.119 --> 0:18:39.560 the third Friday, quadruple witching will happen, which means that 0:18:39.840 --> 0:18:42.560 we said this on market mondays plenties and times that 0:18:43.200 --> 0:18:46.240 contracts will expire, and so when we talk about those dates, 0:18:46.280 --> 0:18:50.200 those are expiration dates for contracts in March and obviously 0:18:50.280 --> 0:18:53.359 in December. So expiration date is the final date on 0:18:53.400 --> 0:18:55.960 which a contract is valid. So after that time the 0:18:56.000 --> 0:18:59.200 contract has aspired. Option owners can choose a couple of things. 0:18:59.240 --> 0:19:02.000 You can exercise a contract, which means that you were 0:19:02.040 --> 0:19:05.520 going to buy one hundred shares, right, So let's say 0:19:05.640 --> 0:19:09.879 you have five contracts. You have the right, not the obligation, 0:19:10.200 --> 0:19:15.320 to buy five hundred shares, and or you can sell 0:19:15.640 --> 0:19:17.920 the option contract if you haven't made any if you've 0:19:17.920 --> 0:19:20.080 made profit, you can take profit there, or you can 0:19:20.119 --> 0:19:22.760 choose to buy more. So you have three things you 0:19:22.800 --> 0:19:26.119 can do at the expiration date. Here's what we tell people. 0:19:26.520 --> 0:19:28.600 You don't want to wait to the expiration date, right, 0:19:28.640 --> 0:19:31.280 You're not waiting till that date to actually make a 0:19:31.400 --> 0:19:35.520 move because again, when the expiration dates come, a lot 0:19:35.560 --> 0:19:38.000 of people are selling off and taking profits. You want 0:19:38.040 --> 0:19:40.400 to make sure that you can make the most as possible, 0:19:40.760 --> 0:19:43.560 So just keep that in mind. Now, expiration dates can 0:19:43.680 --> 0:19:46.480 range in length of time from days to weeks to 0:19:46.680 --> 0:19:49.440 months to years, and so we showed you the example 0:19:49.520 --> 0:19:51.800 and shot myself. We talk about this all the time. 0:19:51.840 --> 0:19:53.840 We like to go out and leaps, right, So we 0:19:53.960 --> 0:19:57.160 like to have as much time as possible for our 0:19:57.680 --> 0:20:01.080 positions to have the volatile to have their ups and 0:20:01.119 --> 0:20:04.720 their downs for news cycles. And obviously right now we're 0:20:04.720 --> 0:20:09.600 seeing with imicron right now there's pullbacks, right, but we're 0:20:09.600 --> 0:20:11.880 in positions that are for two or three years out. 0:20:12.240 --> 0:20:15.359 It gives us time for correct and also appreciate over time. 0:20:15.640 --> 0:20:18.240 So the longer this is important, the longer the expiration 0:20:19.000 --> 0:20:22.000 is also useful to obso retains time value even if 0:20:22.000 --> 0:20:24.879 the stock trades below the stock price, So it's fine 0:20:24.880 --> 0:20:27.120 if you don't get to your strike price. As long 0:20:27.240 --> 0:20:30.280 as it's trending towards your stock price, you'll be fine. 0:20:30.320 --> 0:20:32.840 So these are just two examples of expiration dates. Like 0:20:33.240 --> 0:20:36.359 next week, December thirty of twenty twenty one could be 0:20:36.480 --> 0:20:38.800 a weekly, right, So if somebody got into an options 0:20:38.840 --> 0:20:42.960 position today, that might be an expiration date that they're 0:20:43.000 --> 0:20:46.160 choosing if they're doing a weekly. Obviously, January nineteen, twenty 0:20:46.200 --> 0:20:49.199 twenty four is years away, so we're talking about a 0:20:49.200 --> 0:20:52.399 little over two years away from now again, giving yourself 0:20:52.480 --> 0:20:54.760 the optimum time, and we're going to talk about delta 0:20:54.800 --> 0:20:57.160 and all that, why that's valuable and data. 0:20:57.320 --> 0:20:59.360 Yeah, and I just wanted to add one thing here. 0:20:59.600 --> 0:21:03.159 Got especially especially when you're just getting into options, guys, 0:21:03.600 --> 0:21:06.359 I always tell people to buy time. If you're someone 0:21:06.440 --> 0:21:09.720 new getting into options first. I always tell people, guys, 0:21:10.280 --> 0:21:14.719 stocks first, investing in ETFs, investing first is key. I 0:21:14.760 --> 0:21:18.240 did not trade options until two years after me learning 0:21:18.240 --> 0:21:21.080 about the stop market and studying. So I really want 0:21:21.119 --> 0:21:23.840 to dry this point home because it's important to understand. 0:21:24.160 --> 0:21:26.480 I find it that a lot of people are hopping 0:21:26.520 --> 0:21:30.439 into trading on their second day in the markets, second 0:21:30.440 --> 0:21:33.800 week in the markets. So I wanted to really tell 0:21:33.840 --> 0:21:36.840 people and stress to people that it's important to take 0:21:36.880 --> 0:21:39.840 your time, take your time to learn the information, take 0:21:39.880 --> 0:21:42.639 your time. It's not a rush. Like I said, I 0:21:42.640 --> 0:21:45.040 started when I was seventeen. I didn't start trading until 0:21:45.040 --> 0:21:47.320 I was nineteen, So I really want to stress that 0:21:47.359 --> 0:21:51.240 point home. And also the short term options for someone 0:21:51.280 --> 0:21:55.000 that does not know technical analysis that is brand new 0:21:55.600 --> 0:21:58.720 is like going to the Russian roulette table in Vegas. 0:21:58.920 --> 0:22:01.320 And I'm going to say that one more time someone 0:22:01.440 --> 0:22:05.440 trading short term options without knowing technicals is like going 0:22:05.480 --> 0:22:08.400 to the Russian roulette table in Vegas, and I'll leave 0:22:08.440 --> 0:22:08.960 that one there. 0:22:10.760 --> 0:22:12.960 Don't do it strictly for liibment, not for freshmen. That's 0:22:13.000 --> 0:22:18.680 not for freshmen. All right, let's keep rolling. Strike price. 0:22:18.760 --> 0:22:21.680 So again, strike price is the number, right, is the 0:22:22.000 --> 0:22:24.960 price at which the asset can be bought or sold. 0:22:25.160 --> 0:22:27.800 It is the price that the given asset will appreciate call. 0:22:27.920 --> 0:22:30.159 Like say, if' buying a call or depreciate, that's a put. 0:22:30.400 --> 0:22:33.320 And so here's our example, right Apple right now, again, 0:22:33.320 --> 0:22:36.000 it's at one hundred and seventy five cents. If I'm 0:22:36.040 --> 0:22:38.440 going to say I want to see it appreciate, I 0:22:38.560 --> 0:22:41.080 come up with a price or a target number that 0:22:41.119 --> 0:22:43.240 i'm saying it's going to reach. And so two hundred 0:22:43.280 --> 0:22:46.440 dollars would be my strike. If I believe that Apple 0:22:46.480 --> 0:22:49.119 will pull back. I'm listening to all the reports, I'm 0:22:49.160 --> 0:22:51.360 following all my technicals and the fundamentals, and I'm saying, 0:22:51.359 --> 0:22:52.639 all right, well, I feel like there's gonna be a 0:22:52.680 --> 0:22:54.760 pullback in Apple, then I'm going to make a put. 0:22:54.840 --> 0:22:56.760 And so one hundred and fifty dollars will be my put. 0:22:57.200 --> 0:23:00.960 And so let's figure this out. This is pretty cool here, right, 0:23:01.000 --> 0:23:03.560 So where we're gonna get our strike price from now? 0:23:03.920 --> 0:23:07.280 Past performance does not always predict future success. But if 0:23:07.320 --> 0:23:10.280 we're looking at Apple over the past twenty years, right, 0:23:10.320 --> 0:23:12.119 I know, like we always talk about, let's look at it, 0:23:12.200 --> 0:23:14.560 it's an exception. But let's look at Apple since its 0:23:14.600 --> 0:23:17.679 past twenty years to your right. If you look at 0:23:17.720 --> 0:23:21.400 the performance and you look at that column that's in parentheses, right, 0:23:21.680 --> 0:23:25.360 that is not a mistake. Apple has increased by fifty 0:23:25.560 --> 0:23:30.480 three thousand percent since two thousand and one, right, And 0:23:30.520 --> 0:23:32.320 so if we're basing our if we're going to make 0:23:32.320 --> 0:23:34.560 a call or that's pretty far out, let's not use 0:23:34.600 --> 0:23:40.640 twenty years. Let's maybe use two years. Right, So past 0:23:40.680 --> 0:23:43.679 since two years is going up one hundred and fifty percent. 0:23:44.280 --> 0:23:47.680 This year, it's up thirty two percent year to date. 0:23:48.359 --> 0:23:50.800 And so even a conservative number, because I know when 0:23:50.840 --> 0:23:53.160 y'all calls me, he's gonna want a conservative number, could 0:23:53.160 --> 0:23:56.480 we say that Apple could appreciate ten percent by twenty 0:23:56.520 --> 0:23:59.480 twenty four each year? Right, So that just means that 0:23:59.520 --> 0:24:01.840 Apple would which is one seventy five now if it 0:24:01.880 --> 0:24:04.200 grows by ten percent it's at one ninety two by 0:24:04.200 --> 0:24:07.520 next December. If it grows by ten percent in twenty 0:24:07.560 --> 0:24:10.960 twenty three, it's at two hundred and eleven dollars, right, 0:24:11.000 --> 0:24:13.960 So that means that it grew at ten percent each year, right, 0:24:13.960 --> 0:24:16.800 And that seems like that's something that's very viable to happen. Right. 0:24:17.200 --> 0:24:19.679 So remember our call was at two hundred and so 0:24:19.760 --> 0:24:23.240 if we just said Apple two hundred call for twenty 0:24:23.280 --> 0:24:26.800 twenty four, based on its past performance and a very 0:24:26.920 --> 0:24:30.720 conservative number of ten percent, the likelihood of it hitting 0:24:30.760 --> 0:24:34.639 two hundred is pretty high, right. So that's kind of 0:24:34.720 --> 0:24:36.760 one of those things when you look at strong companies 0:24:36.800 --> 0:24:39.199 and their past performance. Now you see why you come 0:24:39.240 --> 0:24:47.960 up with these strikes. Yep, yep. 0:24:48.119 --> 0:24:50.920 So when taking a look, when you're taking a look 0:24:50.920 --> 0:24:54.840 at options, you know, purchasing contracts, not shares, it's important 0:24:54.880 --> 0:24:57.639 to understand the difference between the bid and the ask. 0:24:58.200 --> 0:25:00.399 So this is going to be a pivotal part of 0:25:00.400 --> 0:25:01.760 what we talk about here tonight. 0:25:01.960 --> 0:25:02.840 This is the part. 0:25:03.520 --> 0:25:06.359 Yeah, So because this is what gets a lot of 0:25:06.520 --> 0:25:08.760 I already saw in the chat here that someone said 0:25:08.840 --> 0:25:12.920 Robin Hood order fills suck. So we're gonna talk about 0:25:12.920 --> 0:25:14.879 the difference between the bid and the ass. So a 0:25:14.880 --> 0:25:17.600 lot of people when they hop into options trading, they're 0:25:17.640 --> 0:25:20.440 immediately as soon as they go ahead and enter a trade, 0:25:20.480 --> 0:25:22.760 they're gonna give money to the market. And why is 0:25:22.800 --> 0:25:25.480 that because a lot of people are purchasing options at 0:25:25.480 --> 0:25:29.200 the ass price. So the ass price represents the minimum 0:25:29.240 --> 0:25:31.600 price that the seller is willing to take for that 0:25:31.680 --> 0:25:35.359 same security. The bid price represents the maximum price that 0:25:35.400 --> 0:25:37.840 the buyer is willing to pay for a share of 0:25:37.880 --> 0:25:41.560 the stock or another security. You never want to pay 0:25:41.600 --> 0:25:44.320 at the ask. And Troy's gonna show you we have 0:25:44.359 --> 0:25:47.480 an example on the next slides where we're gonna actually 0:25:47.480 --> 0:25:49.639 you're gonna actually get a chance to see. So a 0:25:49.680 --> 0:25:51.720 lot of times you'll see like the bid will say 0:25:51.760 --> 0:25:54.919 seven hundred and the ass will say like nine to twenty. 0:25:55.359 --> 0:25:58.560 So that's called the spread. So when you hear when 0:25:58.760 --> 0:26:01.080 someone asks you, hey, what is spread on that call 0:26:01.119 --> 0:26:03.720 that you're looking at or that put you're looking at, 0:26:03.960 --> 0:26:06.359 the spread is the difference between the bid and the ask. 0:26:06.680 --> 0:26:09.879 So if the bid is seven hundred and then the 0:26:10.400 --> 0:26:12.959 ask is nine to twenty, that's a two hundred and 0:26:12.960 --> 0:26:16.760 twenty dollars difference in spread. So guess what's gonna happen 0:26:16.760 --> 0:26:19.040 to someone that goes ahead and uses what is called 0:26:19.119 --> 0:26:22.360 a market order instead of a limit order. So when 0:26:22.400 --> 0:26:25.000 it comes to options, you want to use limit orders? 0:26:25.000 --> 0:26:27.400 Why do you want to use limit orders? Because you're 0:26:27.400 --> 0:26:30.199 able to go ahead and specify the price that you 0:26:30.359 --> 0:26:32.800 actually want to get into that security hold on. 0:26:33.000 --> 0:26:34.520 You got to tell them that again. You gotta tell 0:26:34.520 --> 0:26:37.000 them that again. The difference between market and limit. 0:26:37.119 --> 0:26:40.040 Yeah, so market is just going to put you in 0:26:40.080 --> 0:26:42.440 at any price. So what's gonna happen If you use 0:26:42.480 --> 0:26:44.680 a market order and there's a two hundred and twenty 0:26:44.720 --> 0:26:47.440 dollars spread, You're going to more than likely be down 0:26:47.440 --> 0:26:52.320 one hundred dollars instantaneously, instantaneously. So who wants to be 0:26:52.359 --> 0:26:55.439 down one hundred dollars instantaneously? I know, I don't, I 0:26:55.480 --> 0:26:58.000 know all you guys don't want to. So make sure 0:26:58.000 --> 0:27:00.600 that you're using a limit order. So what is the 0:27:00.600 --> 0:27:03.640 best way to get filled with options is to use 0:27:03.760 --> 0:27:08.439 a limit order? Especially what happens is when you're actually 0:27:08.480 --> 0:27:11.520 buying out those further out options. The strategies that Troy 0:27:11.520 --> 0:27:14.400 and Rashad talk about when you're talking about twenty twenty 0:27:14.440 --> 0:27:16.920 three and twenty twenty four, the bid and an ass 0:27:17.080 --> 0:27:19.240 is going to be spread wide because there's not a 0:27:19.240 --> 0:27:21.760 lot of volume and open interest on the contract, which 0:27:21.760 --> 0:27:22.680 you will talk about later. 0:27:22.800 --> 0:27:26.120 We're getting there, so yeah, yeah, yeah, And I tell 0:27:26.119 --> 0:27:28.840 people as simple as this, Man, if you've ever bought 0:27:28.840 --> 0:27:32.000 a car and you've walked into the dealership and somebody 0:27:32.000 --> 0:27:35.040 tells you a price, most none times out of ten, 0:27:35.080 --> 0:27:38.000 you're going to say, all right, well, I'm not paying 0:27:38.040 --> 0:27:40.679 that price. This is what I'm paying, right, And so 0:27:40.720 --> 0:27:42.800 it's the same thing when you think about these contracts. 0:27:42.840 --> 0:27:45.600 The as price is the premium. The bid price is 0:27:45.640 --> 0:27:48.320 what you're going to pay. You're willing to pay that, right, 0:27:48.359 --> 0:27:50.080 And if you put it at a limit order, you're saying, 0:27:50.080 --> 0:27:53.600 I'm not going above that. Now, sometimes that limit will 0:27:53.640 --> 0:27:56.320 get filled and sometimes it doesn't. But this is when 0:27:56.359 --> 0:27:59.480 we talk about patients. Right, if it's not filled, that's fine. 0:27:59.480 --> 0:28:00.840 You can leave it out for a day. If it 0:28:00.880 --> 0:28:03.720 doesn't get filled, do it again. Right, You're gonna stick 0:28:03.760 --> 0:28:06.480 to your script. That's your limit, You're not going above that. 0:28:06.480 --> 0:28:07.960 It'd be the same thing like if you're going to 0:28:07.960 --> 0:28:10.000 buy a car, this is how much I can afford 0:28:10.080 --> 0:28:11.000 this is what I'm paying for it. 0:28:11.040 --> 0:28:13.520 I'm not paying anything over it. The problem is that. 0:28:13.440 --> 0:28:15.400 A lot of people who are new to options come 0:28:15.440 --> 0:28:19.080 in and they click market and sometimes it feels at 0:28:19.119 --> 0:28:20.960 the highest price as possible. 0:28:21.280 --> 0:28:23.160 In fact, it could say nine to twenty. 0:28:23.160 --> 0:28:25.640 By the time you buy it, somebody's already purchas sitting 0:28:25.680 --> 0:28:28.080 now it's going up to nine forty, and so you've 0:28:28.080 --> 0:28:30.160 actually paid more than you thought. And so that's why 0:28:30.160 --> 0:28:32.040 it's very, very important. This is like one of those 0:28:32.119 --> 0:28:35.159 keys that people will lose money right away and they 0:28:35.200 --> 0:28:37.199 look at their accountant like, like, how come every time I 0:28:37.280 --> 0:28:40.280 buy my option contract, I'm in the negative. This is 0:28:40.320 --> 0:28:43.160 probably one of the main reasons why that is happening. 0:28:43.200 --> 0:28:46.800 So treat it like the dealership. Look at the bid, 0:28:47.600 --> 0:28:50.000 maybe go ten to fifteen cent or above the bid 0:28:50.080 --> 0:28:52.040 and say that is where I'm staying. I'm not going 0:28:52.080 --> 0:28:54.440 above it. If it feels it feels. If it doesn't, 0:28:54.880 --> 0:28:58.320 it doesn't. Let's get into some things. 0:28:58.680 --> 0:29:02.000 Yeah, so now you have here. This is td ameritrade. 0:29:02.040 --> 0:29:03.960 For those that are new and may have not looked 0:29:03.960 --> 0:29:07.480 at td ameritrade. Td Ameritrade Think or swim is one 0:29:07.520 --> 0:29:11.720 of the most reputable platforms out there for people to trade. 0:29:11.880 --> 0:29:14.680 TD Ameritrade, Think or Swim is set up like this. 0:29:14.680 --> 0:29:17.840 This is actually showing you how to actually go ahead 0:29:17.880 --> 0:29:21.760 and actually execute and buy an actual options contract. So 0:29:21.840 --> 0:29:24.480 here we have up here. Option strategy will start in 0:29:24.520 --> 0:29:28.400 the top left corner single order. The underlying symbol obviously 0:29:28.480 --> 0:29:32.080 is Apple. Also what you want to know is when 0:29:32.120 --> 0:29:36.000 you're actually buying options. This is key action that action 0:29:36.160 --> 0:29:40.480 button right there. Whenever you're purchasing options, calls or puts, 0:29:40.880 --> 0:29:43.720 it always needs to be on buy to open. That's 0:29:43.720 --> 0:29:48.320 whether you're on Charles Schwab, Fidelity, e Trade, whatever platform 0:29:48.360 --> 0:29:50.160 that you're on, it needs to be on buy to 0:29:50.280 --> 0:29:54.760 open when you're purchasing options. Now, when you are saying 0:29:55.160 --> 0:29:58.320 when you are ready to close your position, it needs 0:29:58.360 --> 0:30:01.920 to be on sale to So you need to make 0:30:01.960 --> 0:30:04.560 sure that you have it on buy to open and 0:30:04.720 --> 0:30:07.680 sell to close. If you end up having it in 0:30:07.800 --> 0:30:10.440 something else, you're gonna mess yourself up. So it needs 0:30:10.440 --> 0:30:13.280 to be buy to open when you're purchasing your options, 0:30:13.960 --> 0:30:15.960 and then it needs to be sell to close when 0:30:16.000 --> 0:30:19.160 you're selling your options. Then you have next door what 0:30:19.280 --> 0:30:21.680 you're going ahead and typing in how many contracts. You're 0:30:21.720 --> 0:30:26.360 purchasing either one, two, et cetera. Then you have select 0:30:26.400 --> 0:30:30.160 your expiration. You have an expiration, so you can select 0:30:30.240 --> 0:30:32.400 the date, and we have the dates pulled up over 0:30:32.440 --> 0:30:34.360 here and we'll get to those in a second. Your 0:30:34.440 --> 0:30:36.920 striking your is it a call or a put? And 0:30:36.960 --> 0:30:40.080 we'll get to that. Then. Also, you see limit order, 0:30:40.280 --> 0:30:45.080 so already, yeah, limit order. You don't need you need 0:30:45.160 --> 0:30:48.760 a limit order. And then guess what price you see. 0:30:48.760 --> 0:30:51.200 What happens is when you have a market order, that 0:30:51.320 --> 0:30:54.560 price box right here won't pull up because now all 0:30:54.600 --> 0:30:56.560 you do when you hit market is you just hit 0:30:56.600 --> 0:31:00.600 review order, limit order. Then you put in price. Also, 0:31:00.760 --> 0:31:04.440 time enforce day, so you want to keep it on day. 0:31:05.200 --> 0:31:07.040 If you keep it on day, it'll make sure that 0:31:07.120 --> 0:31:10.440 it enforces during the day. Now, if that price is 0:31:10.760 --> 0:31:14.040 at a limit order and it does not enforce at 0:31:14.080 --> 0:31:16.479 the end of the business day at four pm Eastern 0:31:16.520 --> 0:31:18.200 Standard time, that order will cancel. 0:31:19.600 --> 0:31:21.640 And that's not a bad thing, y'all. That's not a 0:31:21.640 --> 0:31:22.040 bad thing. 0:31:22.440 --> 0:31:24.400 Yep, that's not a bad thing. I'm just letting you 0:31:24.480 --> 0:31:26.560 guys know that if you have an order that's pending 0:31:26.680 --> 0:31:29.440 and it's in time enforced day, and it doesn't execute 0:31:29.520 --> 0:31:32.880 during market hours. Options are only able to be purchased 0:31:32.960 --> 0:31:34.480 because I know we got a lot of new people 0:31:34.520 --> 0:31:36.320 on here and they're probably going to ask the question. 0:31:36.720 --> 0:31:39.600 Options can only be purchased in between nine to thirty 0:31:39.600 --> 0:31:43.560 Eastern Standard to four pm Eastern Standard time. The only 0:31:43.600 --> 0:31:45.880 options that can be traded outside of that time is 0:31:45.920 --> 0:31:48.880 the spy in a QQQ, which can be traded until 0:31:49.280 --> 0:31:53.320 four point fifteen pm Eastern Standard time. So options can 0:31:53.360 --> 0:31:56.760 only be executed from nine to thirty all the way 0:31:56.800 --> 0:32:00.160 to four pm Eastern Standard time. Now, will we take 0:32:00.160 --> 0:32:03.360 a look at the strike panel over here? Turn your direction. 0:32:03.760 --> 0:32:08.080 You see we're on Apple January twenty eight, twenty twenty two, 0:32:08.520 --> 0:32:12.280 which is next month's the last week of next month's 0:32:12.320 --> 0:32:15.160 expiring contracts. We see that at the time when the 0:32:15.160 --> 0:32:17.680 screenshot was taken, Apple was at one seventy one point 0:32:17.760 --> 0:32:20.880 eighty nine. I believe Apple closed at one seventy five 0:32:20.920 --> 0:32:24.440 point seventy six today. So taking a look here, you 0:32:24.560 --> 0:32:27.920 have the strike price. Here in the middle you see 0:32:28.360 --> 0:32:32.160 calls puts, and then you also see bid and ask, 0:32:32.640 --> 0:32:34.800 so on the call side and on the put side, 0:32:34.880 --> 0:32:37.720 and then the strike that's the strike price in the middle. 0:32:38.200 --> 0:32:42.360 Now you see a highlighted blue on the left side 0:32:42.520 --> 0:32:45.240 to the top left, and you see a highlighted blue 0:32:45.480 --> 0:32:48.240 to the bottom right. So I want to talk about 0:32:48.280 --> 0:32:52.160 something shot he said earlier today. If you guys watched 0:32:52.160 --> 0:32:55.120 his real he says something that was really keen, and 0:32:55.160 --> 0:32:57.120 I wanted to make sure that this was something that 0:32:57.160 --> 0:32:59.880 I touched on here tonight. Shot he said in his 0:33:00.160 --> 0:33:02.840 really said, a lot of people who are purchasing out 0:33:02.840 --> 0:33:06.400 the money options are losing money. So I'm going to 0:33:06.440 --> 0:33:10.040 put an end to this tonight. Why do I say this, 0:33:10.520 --> 0:33:12.680 Because what's happening is is that a lot of people 0:33:12.720 --> 0:33:16.200 are purchasing out the money options, and out the money 0:33:16.240 --> 0:33:20.240 options are very, very, very risky, especially in the short term. 0:33:20.560 --> 0:33:22.840 With leap options options that have a lot of time 0:33:23.000 --> 0:33:25.840 like January twenty twenty four, two hundred, you get a 0:33:25.880 --> 0:33:29.360 little leeway. But with the trading aspect, when you're buying 0:33:29.440 --> 0:33:32.920 out the money options, you're actually setting yourself up for failure. 0:33:33.400 --> 0:33:35.720 So why am I saying this? So out the money 0:33:35.720 --> 0:33:39.560 options typically for new options traders is like just beauty. 0:33:39.600 --> 0:33:41.720 It's like heaven. People are like, oh my gosh, it's 0:33:41.760 --> 0:33:43.520 so cheap. You mean I could buy this option for 0:33:43.800 --> 0:33:46.480 you know, four hundred dollars, five hundred dollars, and I 0:33:46.480 --> 0:33:49.200 could profit from it. And what happens is is that 0:33:49.720 --> 0:33:52.640 there's also a factor in average true range, So how 0:33:52.720 --> 0:33:55.120 much does the stock move on a day to day basis? 0:33:55.480 --> 0:33:57.680 So my point here tonight is to really make sure 0:33:57.680 --> 0:34:00.640 that people understand that you want to focus on buying 0:34:00.800 --> 0:34:04.720 in the money versus out the money contracts. So these 0:34:05.440 --> 0:34:07.040 contracts highlighted. 0:34:07.600 --> 0:34:11.040 Up my full, my fault, my fault, yeah, got yep. 0:34:11.080 --> 0:34:13.799 So these contracts highlighted in the blue here on the 0:34:13.800 --> 0:34:18.160 top left here and calls that one seventy strike one 0:34:18.320 --> 0:34:21.319 sixty seven point five, one sixty five, one sixty two 0:34:21.320 --> 0:34:24.680 point five, one sixty What makes them in the money? Calls? 0:34:24.760 --> 0:34:26.680 What like? What makes them in the money? Causes what 0:34:26.760 --> 0:34:29.640 someone's gonna ask, Well, the current stock price at this 0:34:29.719 --> 0:34:32.759 time was one seventy one point eighty nine, So what 0:34:32.840 --> 0:34:36.399 are you actually doing when you actually buy a one 0:34:36.600 --> 0:34:40.040 seventy strike? So when you buy a one seventy strike, 0:34:40.080 --> 0:34:43.600 you're essentially saying, hey, by January twenty eight, twenty twenty two, 0:34:43.920 --> 0:34:47.200 Apple is going to be above one seventy. Well, Apple 0:34:47.239 --> 0:34:51.520 already is so Apple is considered a in this contract 0:34:51.560 --> 0:34:53.480 right here is considered in the money. The one to 0:34:53.520 --> 0:34:56.319 seventy strike is considered in the money, so it has 0:34:56.360 --> 0:35:01.600 what's called intrinsic value. Intrinsic value. Now the one seventy two, 0:35:01.760 --> 0:35:05.600 one seventy five, one seventy seven are considered out the money. 0:35:05.640 --> 0:35:08.120 Apple's not hired than one seventy two point five. No, 0:35:08.520 --> 0:35:10.520 it's higher than one seventy five, and it's not higher 0:35:10.560 --> 0:35:13.719 than one seventy seven point five. So what happens is 0:35:13.719 --> 0:35:16.719 is that people who are buying in the money options, 0:35:17.080 --> 0:35:20.200 you set yourself up better. Why because you're putting some 0:35:20.239 --> 0:35:22.879 people may say, well, I'm paying more. Yes, it's better 0:35:22.920 --> 0:35:25.239 to pay more for in the money option a lot 0:35:25.280 --> 0:35:27.960 of times than buying out the money options. Why because 0:35:28.040 --> 0:35:30.920 on January twenty eight, twenty twenty two, a lot of 0:35:30.960 --> 0:35:34.759 those out the money options will be expiring worthless. And 0:35:34.840 --> 0:35:38.680 so most options expire worthflex, especially out the money options. 0:35:38.960 --> 0:35:41.680 And so it's imperative that we understand that it is 0:35:41.800 --> 0:35:45.200 okay to spend more on buying in the money option 0:35:45.360 --> 0:35:48.680 contracts because it's going to give you a higher probability 0:35:48.719 --> 0:35:52.279 of actually profiting. And also guys, the first thing that 0:35:52.320 --> 0:35:54.600 we want to think about when we're focused on trading 0:35:54.640 --> 0:35:57.480 options is actually not making money. How do we protect 0:35:57.560 --> 0:36:01.040 ourselves on the downside. What happens is that if someone 0:36:01.200 --> 0:36:04.720 was to buy that one eighty strike right here and Apple, 0:36:04.880 --> 0:36:07.520 and it costs about four hundred and twenty five dollars, 0:36:07.840 --> 0:36:11.880 and Apple was to decline five dollars, that option contract 0:36:11.880 --> 0:36:14.640 would actually lose a lot more value than someone who 0:36:14.680 --> 0:36:17.160 has that one sixty five striker, that one sixty two 0:36:17.200 --> 0:36:20.120 point five strike. So why am I saying this? Because 0:36:20.400 --> 0:36:22.600 when you're having your options in the money, you have 0:36:22.680 --> 0:36:27.399 what's called intrinsic value. Options that have intrinsic value. What 0:36:27.840 --> 0:36:31.840 they actually have higher deltas. So delta is the amount 0:36:31.880 --> 0:36:35.640 per dollar that you make as the stock price increases, 0:36:36.480 --> 0:36:39.719 and out the money options have higher data. So what 0:36:39.800 --> 0:36:43.000 is data? Theta is the time decay, So out the 0:36:43.040 --> 0:36:46.240 money options have a higher time decay. So for anyone 0:36:46.280 --> 0:36:48.799 that's been trading options before, and it's like, Okay, I 0:36:48.840 --> 0:36:51.839 went and got a one eighty strike on Apple and 0:36:51.880 --> 0:36:54.520 Apple went up to one seventy two, but I didn't 0:36:54.560 --> 0:36:58.280 make any money, why is that happening? Because what's happening 0:36:58.400 --> 0:37:01.080 is is that the delta is out to see me. 0:37:01.120 --> 0:37:03.840 The data is outweighing the delta, so you're not making 0:37:03.880 --> 0:37:06.480 as much money when you have those out the money options. 0:37:06.840 --> 0:37:08.239 The only way for you to make a lot of 0:37:08.239 --> 0:37:10.600 money without the money options is when the stock has 0:37:10.640 --> 0:37:14.240 a drastic move upward. For example today with Tesla, Tesla 0:37:14.280 --> 0:37:16.960 went up seventy points today. So the people who had 0:37:17.160 --> 0:37:20.520 one thousand dollars calls for Tesla yesterday when Tesla was 0:37:20.560 --> 0:37:23.279 at nine point thirty, they were extremely risky with that. 0:37:23.600 --> 0:37:26.799 But because Tesla actually went up and increased that much, 0:37:26.880 --> 0:37:29.040 people actually made a lot of money off of that. 0:37:29.480 --> 0:37:32.239 So what happens people are ready to go ahead and 0:37:32.280 --> 0:37:35.960 grab these out the money options because they're cheaper. What 0:37:36.080 --> 0:37:38.680 happens with a stock like Apple, which doesn't really move 0:37:38.800 --> 0:37:41.759 very fast, but it is a consistent stock. As we 0:37:41.800 --> 0:37:44.680 pulled up on the sheet, Apple is a consistent stock. 0:37:45.200 --> 0:37:47.520 So what happens is that when these stocks don't move 0:37:47.520 --> 0:37:50.000 as fast, a lot of people get hurt because they're 0:37:50.040 --> 0:37:52.640 in out the money options and the time decay is 0:37:52.680 --> 0:37:54.080 way too much. 0:37:54.120 --> 0:37:57.399 We call that losing your shirt. Yeah, don't lose your 0:37:57.400 --> 0:37:58.680 shirt yep. 0:37:59.239 --> 0:38:02.480 So you want to focus on really buying those in 0:38:02.560 --> 0:38:06.200 the money options, especially if you're doing any short term trading. 0:38:06.800 --> 0:38:09.080 If you're doing a more of a leap strategy, you 0:38:09.160 --> 0:38:11.360 still want to stick to buying in the money options, 0:38:11.640 --> 0:38:13.960 but you can actually go a little bit farther out. 0:38:14.640 --> 0:38:17.400 It is okay, but you do want to be protecting 0:38:17.440 --> 0:38:20.000 yourself because a lot of times the out the money 0:38:20.040 --> 0:38:22.719 strategy it's one of those sexy things that a lot 0:38:22.760 --> 0:38:25.480 of people want to push on people. But we don't 0:38:25.520 --> 0:38:28.239 want to do that here. We're not pushing sexiness out here. 0:38:28.280 --> 0:38:32.600 We're pushing consistency. So it's important to be consistent versus 0:38:32.600 --> 0:38:35.279 trying to be sexy and be cheap. Because the first 0:38:35.280 --> 0:38:37.359 thing that we had a mindset of coming in is 0:38:37.480 --> 0:38:40.040 how can I get the pretty much take the smallest 0:38:40.080 --> 0:38:43.040 investment and turn it into a million dollars overnight. And 0:38:43.120 --> 0:38:45.759 so out the money land is where most people go. 0:38:46.280 --> 0:38:48.480 And then out the money land ends up you end 0:38:48.600 --> 0:38:50.640 up losing all your money. And this is just the reality. 0:38:50.920 --> 0:38:52.799 Yeah, So there's a couple of things I want you 0:38:52.800 --> 0:38:53.160 to see here. 0:38:53.200 --> 0:38:55.080 Right, somebody's gonna be looking at this and they're like, yo, 0:38:55.400 --> 0:38:58.520 Troy Lawrence, Well, y'all bugging man. It says it's seven dollars, right, 0:38:58.600 --> 0:39:01.520 But we told you and we're going to reiterated again, right, 0:39:01.800 --> 0:39:04.839 each contract is worth one hundred years, and so our 0:39:04.880 --> 0:39:06.719 eyes are training and the lawrence we have the same thing. 0:39:06.760 --> 0:39:09.240 Once we see that number, we're moving to decimal twice. 0:39:09.600 --> 0:39:12.040 And so that's not really seven dollars, that's really seven 0:39:12.160 --> 0:39:12.760 hundred dollars. 0:39:12.800 --> 0:39:14.600 That's the bid. It's seven hundred dollars. I'm gonna show 0:39:14.640 --> 0:39:14.960 you why. 0:39:15.160 --> 0:39:16.920 And I think this is dope because I took this picture. 0:39:17.360 --> 0:39:19.560 I think Friday I took this picture. But if we 0:39:19.600 --> 0:39:21.239 go on to TD Maria Trade now, and I'm sure 0:39:21.280 --> 0:39:24.160 somebody will do this after they watched this whole class, 0:39:24.719 --> 0:39:27.080 that one seventy two strike and that one seventy five 0:39:27.120 --> 0:39:29.359 strike are now in the money, and so they're gonna 0:39:29.360 --> 0:39:31.239 be blue when you look at it. And so that's 0:39:31.239 --> 0:39:33.520 pretty interesting. Another thing is I want you to notice 0:39:33.560 --> 0:39:36.120 the prices. Right, If we look at the price, like 0:39:36.160 --> 0:39:41.399 that's seven hundred dollars bid, because it's so close, it's 0:39:41.400 --> 0:39:42.520 a lot cheaper. 0:39:42.200 --> 0:39:43.160 When we go out further. 0:39:43.160 --> 0:39:45.000 And I'm gonna show your example when we go out 0:39:45.040 --> 0:39:47.480 further right to like twenty twenty four, it's gonna be 0:39:47.520 --> 0:39:49.840 a lot pricier. And the reason being is that the 0:39:50.080 --> 0:39:53.960 likelihood of the stock of the asset, for this example, Apple, 0:39:54.400 --> 0:39:57.080 actually being one seventy five or one seventy when it's 0:39:57.120 --> 0:40:01.399 already at one seventy five now it's highly likely. 0:40:01.440 --> 0:40:02.719 So it's a premium on that. 0:40:02.880 --> 0:40:05.440 So like, this expiration date is for next month, but 0:40:05.480 --> 0:40:06.799 we're going to show you an example of what it 0:40:06.840 --> 0:40:08.800 looks like in a few years, and you're going to 0:40:08.880 --> 0:40:11.040 notice the price difference. But I wanted you to just 0:40:11.120 --> 0:40:13.800 key in on that, right, Like, this is not seven dollars, 0:40:13.840 --> 0:40:16.680 this is seven hundred. This is not nine dollars and 0:40:16.680 --> 0:40:19.719 twenty cents. This is nine hundred and twenty dollars. So 0:40:19.760 --> 0:40:21.920 that's the ass And this is a problem too. Like 0:40:22.160 --> 0:40:24.560 I get upset, Lawrence, you probably do too, right, Like 0:40:24.640 --> 0:40:26.719 I'll put a limit order in and then I'll look 0:40:26.719 --> 0:40:29.160 at last and we'll show people what last is, and 0:40:29.200 --> 0:40:31.239 I'll see somebody feels at nine to twenty and I 0:40:31.239 --> 0:40:33.600 have my limit at seven point thirty. What that does 0:40:33.680 --> 0:40:36.080 is it messes up the chain for the next person 0:40:36.120 --> 0:40:38.480 try to buy a contract. Now I have to raise 0:40:38.520 --> 0:40:41.480 my limit up because somebody who was inexperience came and said, 0:40:41.480 --> 0:40:43.560 all right, well I'll pay the premium, and so it 0:40:43.640 --> 0:40:45.040 kind of messes up the game a little bit. But 0:40:45.040 --> 0:40:46.640 we give you all the game right now so that 0:40:46.640 --> 0:40:49.480 that doesn't happen. So when we see that, and. 0:40:49.480 --> 0:40:51.520 Then one thing, Now, one thing I want to say 0:40:51.640 --> 0:40:54.600 is like when the option order doesn't execute. I know 0:40:54.680 --> 0:40:57.640 this happens to a lot of people, especially people that 0:40:57.680 --> 0:41:00.160 are not savvy with their platform, and that's something I 0:41:00.160 --> 0:41:03.000 really want to say, is like, really learn your platform too, 0:41:03.040 --> 0:41:05.600 the execution of your platform. It is okay to pay 0:41:05.600 --> 0:41:09.239 per trade on TDIR, Marrior Trade, Think or swim, take 0:41:09.280 --> 0:41:12.480 some practice trades and get used to like the execution part. 0:41:12.600 --> 0:41:16.200 Because actually buying options, like for the first time, I 0:41:16.200 --> 0:41:19.120 can even I can admit myself, my first time buying options, 0:41:19.160 --> 0:41:22.040 I had anxiety, like was I doing it right? Did 0:41:22.480 --> 0:41:25.360 the order feel properly? You know, these are kind of 0:41:25.400 --> 0:41:28.439 some of the questions that we kind of have from 0:41:28.440 --> 0:41:32.080 a psychological standpoint, to be honest, and so I want 0:41:32.120 --> 0:41:34.239 to make sure that, you know, people take time to 0:41:34.360 --> 0:41:38.040 understand their platforms, and if the order does not fail 0:41:38.160 --> 0:41:41.239 the first time, it is okay. To go ahead and 0:41:41.320 --> 0:41:45.319 refresh that order and re input that order. So yeah, 0:41:45.360 --> 0:41:45.759 that's it. 0:41:46.080 --> 0:41:46.959 Yeah, And so it stills. 0:41:46.960 --> 0:41:49.560 Somebody's like, how did he get seven hundred from seven dollars? 0:41:49.560 --> 0:41:52.880 Well, here's why. Again, each option contract is worth one 0:41:52.920 --> 0:41:56.640 hundred shares, right, so if one share right is one. 0:41:56.680 --> 0:41:58.759 If one share is seven dollars and you're buying one 0:41:58.840 --> 0:42:00.960 hundred of them, then that's but we got seven hundred. 0:42:01.160 --> 0:42:02.880 The easiest thing to do is when you see the 0:42:02.880 --> 0:42:05.719 bid or the ask, just move the depth moll twice right, 0:42:06.120 --> 0:42:08.920 and so that one contract is worth cent seven hundred 0:42:08.920 --> 0:42:12.200 dollars because each share is seven and you're buying a 0:42:12.280 --> 0:42:14.719 hundred of them, that's how you get seven hundred. Same 0:42:14.760 --> 0:42:18.319 thing if I bought five contracts, now I'm having five 0:42:18.400 --> 0:42:21.080 hundred shares at seven dollars, which would bring me to 0:42:21.120 --> 0:42:22.160 a total of thirty five. 0:42:22.440 --> 0:42:23.840 Yes, and chat if we get on that. 0:42:27.320 --> 0:42:29.600 Perfect perfect This is like when mister Millings is like, 0:42:29.960 --> 0:42:32.000 I got that, raise your hand and. 0:42:32.680 --> 0:42:38.560 You know it's something that like, if you've been doing options, it's. 0:42:37.840 --> 0:42:39.600 Not as hard as it may seem. 0:42:39.680 --> 0:42:41.759 If you just if this is your first time hearing 0:42:41.800 --> 0:42:45.000 about options, you may not beginning everything but that's why 0:42:45.080 --> 0:42:48.440 everything is all you know, education, and it's an ongoing process. 0:42:48.520 --> 0:42:51.359 So it's something that you know. It's not like you're 0:42:51.360 --> 0:42:55.879 gonna become an expert in an hour. But the more 0:42:55.920 --> 0:42:58.120 you do it, the more repetition you have, the more 0:42:58.280 --> 0:43:01.960 information you receive. Then you understand that it's really not 0:43:02.000 --> 0:43:05.680 that complicated, and you start to understand it's like speaking 0:43:05.680 --> 0:43:07.720 a foreign language, Like you can't learn a foreign language 0:43:07.719 --> 0:43:10.840 in one day, but you can't get the beginning fundamentals 0:43:10.880 --> 0:43:13.840 of learning that language. And then the more you're around people, 0:43:13.880 --> 0:43:16.279 the more you study it, now it actually starts to 0:43:16.320 --> 0:43:16.840 make sense to you. 0:43:16.960 --> 0:43:19.520 Yeah, it's repetition, like every time you come over, you 0:43:19.560 --> 0:43:21.959 know that this is what I'm doing. And so like again, 0:43:22.000 --> 0:43:25.040 you just get yourself familiar with it. Will you make mistakes? Yeah, 0:43:25.040 --> 0:43:27.440 we've had trades where we've lost and we've made some mistakes, 0:43:27.440 --> 0:43:29.759 and I make it very very clear and very transparent, 0:43:29.800 --> 0:43:32.480 like I talk about those mistakes on Market Mondays because 0:43:32.680 --> 0:43:34.520 I live by that JY line, right, Like I went 0:43:34.520 --> 0:43:36.799 through that, so hopefully you don't have to. But let's 0:43:36.840 --> 0:43:39.080 keep rolling. Let's keep rolling, all right, So this is 0:43:39.080 --> 0:43:40.719 what it will look like right when you put that 0:43:40.880 --> 0:43:42.920 order in, you put that limit of seven dollars. 0:43:43.200 --> 0:43:44.640 This is exactly what's going to look like. 0:43:44.719 --> 0:43:48.040 So I'm taking one contract at the one seventy two 0:43:48.560 --> 0:43:51.719 fifty call. It's a weekly, right, because they're looking at 0:43:51.760 --> 0:43:54.440 it like that's a few weeks away. Again, I'm doing 0:43:54.480 --> 0:43:57.239 it for my day, and this is what it equals, right, 0:43:57.239 --> 0:43:59.200 This is what it will cost me, seven hundred dollars 0:43:59.200 --> 0:44:01.480 and then obviously the brokerage is going to take their 0:44:01.520 --> 0:44:03.960 commission fee, and so it cost me seven hundred and 0:44:04.000 --> 0:44:06.359 sixty seven hundred dollars sixty five cents. That's if I 0:44:06.520 --> 0:44:11.280 was filled at that bid price. A lot of times 0:44:11.480 --> 0:44:13.120 you won't get filled at the bid price. But again, 0:44:13.239 --> 0:44:15.960 be patient. Sometimes you do, right, you might put this limit, 0:44:16.760 --> 0:44:19.719 the asset might drop in price and you're filled, and 0:44:19.760 --> 0:44:22.160 it might go below your limit price. And so that's 0:44:22.239 --> 0:44:24.719 key to know too, right, So stick to your script, 0:44:25.040 --> 0:44:27.480 know what your limit is, and do not budge on 0:44:27.520 --> 0:44:27.960 that limit. 0:44:28.719 --> 0:44:33.839 Yep, all right, So friends lawns, you want to go here? 0:44:35.040 --> 0:44:35.160 Yea. 0:44:35.200 --> 0:44:35.359 Yeah. 0:44:35.400 --> 0:44:37.400 So I'm just gonna say this real quickly. So now 0:44:37.440 --> 0:44:39.960 I've extended, so it's the same page. It's still td 0:44:40.040 --> 0:44:43.000 A meerrior trade. But now I've changed the expiration date, 0:44:43.080 --> 0:44:45.440 and so now it's not a month away, it's two 0:44:45.880 --> 0:44:50.000 years away. And so now look at the prices for 0:44:50.160 --> 0:44:52.760 these the option calls, right, like, look at the cold 0:44:52.920 --> 0:44:55.600 prices here. This is not twenty nine dollars and fifty cents. 0:44:56.120 --> 0:44:59.319 This is twenty nine hundred and fifty dollars. That's the bid, right, 0:44:59.320 --> 0:45:02.319 because the likelihood of Apple hitting the strike, which it 0:45:02.360 --> 0:45:05.440 already did today is very likely. The likelihood of it 0:45:05.480 --> 0:45:07.960 hitting these numbers are very likely. So when people go 0:45:08.040 --> 0:45:11.480 out further yeah, it's gonna cost you on because the 0:45:11.560 --> 0:45:14.080 chances of it happening, plus the time that it has 0:45:14.400 --> 0:45:17.359 to do it are highly likely. And it doesn't work 0:45:17.360 --> 0:45:19.080 in the brokeridges favorites, so they're going to charge your 0:45:19.080 --> 0:45:19.600 premium for it. 0:45:19.640 --> 0:45:22.200 But you got yeah, so yeah, it's going to be 0:45:22.200 --> 0:45:25.319 more expensive when you actually buy further out options like 0:45:25.360 --> 0:45:28.759 this for twenty twenty four. It's imperative as well that 0:45:28.840 --> 0:45:31.840 you notice as well that the bid and ask difference 0:45:31.880 --> 0:45:34.400 is a little bit wider than what you may have 0:45:34.520 --> 0:45:38.479 saw with the previous slide. A lot of times there's 0:45:38.520 --> 0:45:41.480 always not really as much demand when it comes to 0:45:41.560 --> 0:45:43.640 these type of options. We're going to cover that with 0:45:43.760 --> 0:45:49.279 open interest and imply volatility and volume. That's important to 0:45:49.320 --> 0:45:52.080 understand that what Troy just said, there's a reason why 0:45:52.120 --> 0:45:55.600 these are more expensive than previously. These are more expensive 0:45:55.640 --> 0:46:00.640 why because it's more likely that Apple actually hits these numbers. Now, 0:46:00.680 --> 0:46:03.680 if someone is a longer term investor, this may be 0:46:03.920 --> 0:46:06.920 a better option for you if you're not someone that 0:46:07.200 --> 0:46:09.520 is going to do the shorter term trading. If you're 0:46:09.520 --> 0:46:12.200 someone that's gonna do a lot of the longer term trading, 0:46:12.280 --> 0:46:14.680 this can really be great for you to be able 0:46:14.719 --> 0:46:17.279 to look at positions like this on companies like this 0:46:18.120 --> 0:46:21.160 because this can set you up better and you're not 0:46:21.440 --> 0:46:24.680 looking at it every single day. And also, the short 0:46:24.760 --> 0:46:28.680 term volatility in the markets doesn't really affect options like 0:46:28.719 --> 0:46:32.000 this that's dated out till twenty twenty four, and that's 0:46:32.040 --> 0:46:35.120 important to understand those January twenty eight, twenty twenty two, 0:46:35.440 --> 0:46:38.200 if Apple has, you know, a bad day, you're gonna 0:46:38.200 --> 0:46:43.000 significantly see that hurt on your cause. But in January nineteen, 0:46:43.080 --> 0:46:45.680 twenty twenty four, Apple has a bad day, it's not 0:46:45.760 --> 0:46:47.920 going to really affect these premiums. So it's kind of 0:46:47.960 --> 0:46:50.719 important to understand that you're playing a long term game 0:46:51.320 --> 0:46:52.720 and these costs more money. 0:46:53.400 --> 0:46:55.320 And so yeah, yeah, And I know people hear the 0:46:55.360 --> 0:46:57.879 word long term and they think options, and I'm like, well, 0:46:57.920 --> 0:47:00.400 in the options trading long term would be two and 0:47:00.480 --> 0:47:03.480 a half to three years. And then we'll talk about 0:47:03.800 --> 0:47:05.920 maybe I should give away that game today, right, how 0:47:05.920 --> 0:47:08.839 to turn into a long term investment. Yeah, yeah, let's 0:47:08.840 --> 0:47:10.480 do it. Let's do it. Let let's keep rolling though. 0:47:11.320 --> 0:47:15.360 All right, So this is an actual option chain, and Lawrence, 0:47:15.360 --> 0:47:17.360 I'm gonna let you go crazy here because yesterday you 0:47:17.400 --> 0:47:19.600 went crazy with this, so I'm gonna let you go crazy. 0:47:19.640 --> 0:47:22.520 So explain to them exactly what they're seeing here. 0:47:22.960 --> 0:47:26.280 For sure, non perfect. So we've pulled up now Apple 0:47:26.360 --> 0:47:29.520 January nineteenth, twenty twenty four, so it's seven hundred and 0:47:29.600 --> 0:47:33.120 sixty one days to expiration. So we have the expiration date, 0:47:33.320 --> 0:47:36.799 we have the calls, we have the bidden ass spread. 0:47:37.000 --> 0:47:38.960 So let's take a look. So if you look on 0:47:39.000 --> 0:47:42.239 the call side here, you have a calls listed all 0:47:42.239 --> 0:47:44.520 the way from the fifty call. So that's a deep 0:47:44.560 --> 0:47:47.480 in the money call. So imagine people who have been 0:47:47.560 --> 0:47:51.680 holding these one hundred dollars calls, fifty dollars, calls one 0:47:51.760 --> 0:47:54.400 hundred and fifteen, one hundred and twenty five. All of 0:47:54.440 --> 0:47:56.759 these people are now in the money and they have 0:47:56.960 --> 0:47:59.640 all the way until twenty twenty four. So what does 0:47:59.680 --> 0:48:03.520 that mean? That means what they have intrinsic value. So 0:48:03.760 --> 0:48:06.600 it's important and it's important to really understand and pay 0:48:06.600 --> 0:48:10.520 attention to two things, volume and open interest. A lot 0:48:10.600 --> 0:48:13.320 of times people say like, how do I get my strike? 0:48:13.719 --> 0:48:16.840 Where should I be looking for my strike? Volume? You 0:48:16.880 --> 0:48:19.600 want to pay attention to the volume. So just because 0:48:19.600 --> 0:48:22.399 the option is in the money doesn't necessarily mean that 0:48:22.400 --> 0:48:25.000 that's an option that you want to purchase. You try 0:48:25.040 --> 0:48:27.760 to look for the options that have the highest volume 0:48:28.000 --> 0:48:32.640 and highest open interest. Why is that key Because options 0:48:32.760 --> 0:48:36.560 increase not just because the stock price increased, but they 0:48:36.680 --> 0:48:42.560 increase because of something called VEGA, which is implied volatility IV. 0:48:43.360 --> 0:48:46.640 So the increase in demand for your option can actually 0:48:46.680 --> 0:48:50.360 cause that options price to actually increase. So, for example, 0:48:50.640 --> 0:48:52.000 in the end the money, if you look at the 0:48:52.040 --> 0:48:55.160 one fifty call, it has a volume. So what is volume? 0:48:55.239 --> 0:48:58.800 Let's talk about volume the total amount of contracts traded 0:48:59.320 --> 0:49:02.799 at that given day. Open interest the total amount of 0:49:02.840 --> 0:49:06.680 contracts open at that given strike, So you have eleven 0:49:06.719 --> 0:49:09.680 thousand open interests, so the amount of contracts that are 0:49:09.719 --> 0:49:12.799 actually open. So a lot of times, and I see 0:49:12.800 --> 0:49:14.879 a question that just came in. What is considered high 0:49:14.960 --> 0:49:18.200 volume A lot of times anything pretty much over five hundred. 0:49:18.280 --> 0:49:20.239 A lot of times consider a little bit higher on 0:49:20.280 --> 0:49:23.799 the volume. It also depends on what particular options chain 0:49:23.880 --> 0:49:26.880 that you're looking at. The S and P five hundred 0:49:27.040 --> 0:49:30.120 is the most liquid options chain out there. A lot 0:49:30.200 --> 0:49:32.720 of times, how we're looking here, we're seeing like seventy 0:49:32.760 --> 0:49:35.320 two twenty fifty eight. You won't see that on the 0:49:35.440 --> 0:49:38.040 S and P five hundred. You'll see volume of five thousand, 0:49:38.120 --> 0:49:41.240 ten thousand open interests of twenty thousand and thirty thousand. 0:49:41.840 --> 0:49:43.960 S and P five hundred is actively traded. 0:49:44.200 --> 0:49:46.960 Yeah, And I just want to note too, Right, since 0:49:46.960 --> 0:49:48.160 we're so far out, you're not going to. 0:49:48.160 --> 0:49:49.200 See those type of numbers. 0:49:49.239 --> 0:49:54.560 But if we had opened that Apple January twenty eighth goal, 0:49:54.680 --> 0:49:56.480 you would see those type of numbers, right, So you'll 0:49:56.480 --> 0:50:00.360 see the twenty thousands because it's so that's very in 0:50:00.400 --> 0:50:02.319 the near future, right, this is so far out that 0:50:02.360 --> 0:50:04.800 most people aren't looking at these, but I will say, 0:50:05.200 --> 0:50:07.279 if you look at that two hundred, right, you see 0:50:07.280 --> 0:50:10.440 that volume over over five hundred right now and a 0:50:10.440 --> 0:50:12.719 lot of open interest. So somebody was thinking on the 0:50:12.719 --> 0:50:15.200 same wavelength that we were when we said, all right, well, 0:50:15.239 --> 0:50:17.399 this is how we got our strike here, because if 0:50:17.400 --> 0:50:20.120 it just does ten percent over the next two years, 0:50:20.280 --> 0:50:23.560 each year, it's to eleven to be a number, and 0:50:23.600 --> 0:50:24.440 we went below it. 0:50:24.960 --> 0:50:27.960 Yeah, Now that's key because you want to pay attention 0:50:28.040 --> 0:50:30.680 to the options that have you know, a high volume, 0:50:30.680 --> 0:50:33.239 a high open interest, particularly like Troy just said that 0:50:33.280 --> 0:50:36.040 two hundred. So like one thing that I will say 0:50:36.160 --> 0:50:40.080 is is that institutions try to hide a lot of information. 0:50:40.239 --> 0:50:42.439 One thing that you can't hide is you can't hide 0:50:42.440 --> 0:50:45.479 money flow. You can't hide where money is flowing into. 0:50:45.960 --> 0:50:48.520 And that's what you can see from volume open interest 0:50:48.600 --> 0:50:51.839 is where is money flowing into? The key to really 0:50:51.920 --> 0:50:54.600 a lot of times understanding you know where a stock 0:50:54.680 --> 0:50:57.640 is heading to. It's seeing, hey, where are the bets 0:50:57.640 --> 0:51:00.200 being placed. Obviously we're seeing a lot of bit to 0:51:00.200 --> 0:51:02.240 be in place that they're two hundred called for Apple, 0:51:02.760 --> 0:51:05.399 And so the open interest in a volume a lot 0:51:05.400 --> 0:51:08.439 of times can express and show you that you're also 0:51:08.480 --> 0:51:12.080 seeing here similar, you're seeing the bid ass spread, so 0:51:12.120 --> 0:51:15.200 you're seeing that different. So the bid obviously the price 0:51:15.239 --> 0:51:16.960 that you're bidding at the ass. You don't want to 0:51:17.040 --> 0:51:19.600 use that price. If you get filed at the ass 0:51:19.640 --> 0:51:22.480 you're more than likely going to be down instantaneously. So 0:51:22.520 --> 0:51:25.400 the volume is the total amount of contracts being traded 0:51:25.640 --> 0:51:28.440 at that given time. Then the open interest is the 0:51:28.440 --> 0:51:31.040 total amount of contracts actually opened at that time. 0:51:31.440 --> 0:51:37.800 So yeah, all right, So why are people trading options? 0:51:38.080 --> 0:51:41.120 This is very important? This is very important, right, And 0:51:41.160 --> 0:51:43.200 so a lot of people have heard the numbers, they 0:51:43.280 --> 0:51:45.360 seen some of the percentages, they see people putting up 0:51:45.400 --> 0:51:48.240 their numbers on Instagram and social media. Right, it's because 0:51:48.480 --> 0:51:50.480 the growth of the option contract is different from the 0:51:50.520 --> 0:51:54.360 growth of the asset, right, And so this is key. 0:51:54.960 --> 0:51:59.240 And you have to remember this trend is your friend, right, 0:51:59.360 --> 0:52:02.920 and so the asset just needs to trend towards your 0:52:03.080 --> 0:52:06.520 call or your puts stripe price. And so I'm gonna 0:52:06.520 --> 0:52:08.680 give you example here, right, So if apple stock was 0:52:08.719 --> 0:52:11.240 traded right now one hundred and seventy files eighty seven cents, 0:52:11.480 --> 0:52:13.520 if it grows to one hundred and ninety two dollars, 0:52:13.560 --> 0:52:16.040 that's a ten percent increase on your investment. So if 0:52:16.080 --> 0:52:19.239 you bought the shares or you bought the stock at 0:52:19.320 --> 0:52:21.680 that number and a brutal one hundred ninety two dollars, 0:52:21.840 --> 0:52:26.000 it's a ten percent increase. If you bought a bid 0:52:26.160 --> 0:52:29.080 at seven dollars, like we just showed you earlier, and 0:52:29.280 --> 0:52:31.520 it was filled at seven dollars or seven hundred dollars, 0:52:32.200 --> 0:52:35.680 that price earners what's up. You ever walk into a 0:52:35.719 --> 0:52:39.440 small business and everything just works like, the checkout is fast, 0:52:39.480 --> 0:52:43.239 the receipts are digital, tipping is a breeze, and you're 0:52:43.320 --> 0:52:46.040 out the door before the line even builds. Odds are 0:52:46.480 --> 0:52:50.080 they're using Square. We love supporting businesses that run on 0:52:50.120 --> 0:52:52.840 Square because it just feels seamless. Whether it's a local 0:52:52.880 --> 0:52:55.759 coffee shop, a vendor at a pop up market, or 0:52:55.800 --> 0:52:58.960 even one of our merch partners. 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Under President Trump, attempted illegal border 0:54:52.520 --> 0:54:56.080 crossings are at the lowest levels ever recorded, and over 0:54:56.120 --> 0:54:59.319 one hundred thousand illegal aliens have been arrested. If you 0:54:59.400 --> 0:55:03.280 were here illegally, your next you will be fined nearly 0:55:03.360 --> 0:55:07.359 one thousand dollars a day, imprisoned, and deported. You will 0:55:07.400 --> 0:55:11.040 never return. But if you register using our CBP home 0:55:11.080 --> 0:55:14.480 app and leave now, you could be allowed to return legally. 0:55:14.840 --> 0:55:19.600 Do what's right. Leave now. Under President Trump, America's laws, 0:55:19.760 --> 0:55:22.200 border and families will be protected. 0:55:22.320 --> 0:55:25.440 Sponsored by the United States Department of Homeland Security grows 0:55:25.480 --> 0:55:28.040 as the asset grows. So if the big grows to 0:55:28.160 --> 0:55:31.400 ten fifty cents or one thousand dollars one thousand and 0:55:31.400 --> 0:55:35.200 fifty dollars, you've made fifty percent on your investment. And 0:55:35.280 --> 0:55:38.600 so obviously that's a forty percent difference, and so people 0:55:38.640 --> 0:55:41.840 find it way more attractive to being options because the 0:55:41.880 --> 0:55:45.560 growth potential is just a little bit more a lot 0:55:45.640 --> 0:55:48.520 more than you could if you just invest it in 0:55:48.560 --> 0:55:49.520 the asset itself. 0:55:50.320 --> 0:55:52.120 What's best? Why not do both? 0:55:52.280 --> 0:55:52.440 Right? 0:55:52.480 --> 0:55:55.720 Why not buy the stock and also have a call 0:55:56.320 --> 0:55:58.920 or a put to protect yourself and head yourself against 0:55:58.920 --> 0:56:01.880 any pullback on the asset itself. And so this is 0:56:02.000 --> 0:56:04.160 very key, right, That's a huge difference. And this is 0:56:04.160 --> 0:56:05.920 when it gets people's eyes open. They're like, how do 0:56:06.000 --> 0:56:08.120 you do ten percent? How do you do one hundred? 0:56:08.239 --> 0:56:10.560 How do you do one thousand percent? This is why 0:56:10.600 --> 0:56:13.120 because we get bids and we keep them at our limits, 0:56:13.200 --> 0:56:16.080 and we keep them long term, and we are patient 0:56:16.120 --> 0:56:18.440 with them. We'll let them grow. And we also this 0:56:18.480 --> 0:56:20.799 is key and I want everybody to remember this right, 0:56:20.800 --> 0:56:23.080 And this I'm Gonnake Sholey's analogy. When you go to 0:56:23.120 --> 0:56:24.799 the movie theater, before the movie starts, the first thing 0:56:24.800 --> 0:56:26.680 they do is tell you where the exits are. And 0:56:26.719 --> 0:56:28.640 so I want you to treat your portfolio the same way. 0:56:28.680 --> 0:56:30.480 Don't get into a position before you know where you're 0:56:30.480 --> 0:56:33.520 going to exit, whether it's a percentage or whether it's 0:56:33.560 --> 0:56:35.640 a dollar amount. And so when people ask well when 0:56:35.640 --> 0:56:37.799 should I sell? When should I sell? You can sell 0:56:37.840 --> 0:56:40.920 whenever you want right whenever your exit strategy was, that's 0:56:40.920 --> 0:56:42.680 what you should stick to. And so if you made 0:56:42.680 --> 0:56:45.440 twenty percent and twenty percent was your exit, leave at 0:56:45.440 --> 0:56:47.839 twenty right now the pain will herd when you see 0:56:47.840 --> 0:56:50.160 it go to one hundred. But you got to be 0:56:50.239 --> 0:56:52.480 comfortable with no one like that was my plan. I'm 0:56:52.520 --> 0:56:54.880 sticking to it, And so people just have to remember 0:56:54.920 --> 0:56:57.960 that because you do that consistently, Like, we shouldn't slouch 0:56:58.040 --> 0:57:01.080 at twenty percent. It's a great return, right, It's just 0:57:01.120 --> 0:57:02.879 that people get entice when they see that, Oh wait, 0:57:02.880 --> 0:57:04.719 there's so much more potential. But as you get more 0:57:04.760 --> 0:57:08.120 experienced and more seasoned trading, you'll see that. All right, 0:57:08.160 --> 0:57:10.400 well that was my exit this time. What will I 0:57:10.400 --> 0:57:12.239 do next time? What's going to be my alternative? What 0:57:12.239 --> 0:57:14.400 have I learned from that investment going forward? 0:57:15.040 --> 0:57:17.479 Yeah, And I even wanted to touch on this because 0:57:17.520 --> 0:57:20.000 I think this is I think this is important because 0:57:20.920 --> 0:57:24.560 it's good to have a daily goal, especially if you're 0:57:24.680 --> 0:57:27.440 someone who's doing a shorter term options trading. I know 0:57:27.480 --> 0:57:29.920 a lot of people are a lot of times your 0:57:30.000 --> 0:57:33.000 daily goal can keep you out of trouble. And take 0:57:33.040 --> 0:57:36.160 this from someone that you know has lost money trading 0:57:36.280 --> 0:57:40.040 options in a short term basis before sticking to a 0:57:40.120 --> 0:57:42.720 daily goal, and then also having like a goal, like 0:57:42.760 --> 0:57:45.720 a percentage goal, is really really key. A lot of 0:57:45.760 --> 0:57:48.760 times we get into these trades and I see a 0:57:48.760 --> 0:57:51.800 lot of times people are up, you know, five hundred percent, 0:57:51.840 --> 0:57:53.920 and they're DM and me and they're asking me what 0:57:54.000 --> 0:57:57.000 should I do? Should I sell? Like, I'm like, guys, 0:57:57.000 --> 0:57:59.440 come on five hundred percent. I mean, I don't know 0:57:59.480 --> 0:58:00.560 where they're doing that at. 0:58:00.920 --> 0:58:01.240 Tell me. 0:58:01.440 --> 0:58:04.880 So the thing is is, guys, be willing to take profit, 0:58:05.440 --> 0:58:09.280 and don't be greedy. Please, don't be greedy. Be willing 0:58:09.320 --> 0:58:12.080 to take profit. And if you have multiple options and 0:58:12.120 --> 0:58:15.120 you see an over one hundred percent return, there's nothing 0:58:15.200 --> 0:58:18.240 wrong with using the fifty rule. What is the fifty rule? 0:58:18.600 --> 0:58:21.520 So if Troy has ten options and they've went up 0:58:21.520 --> 0:58:24.640 one hundred percent, there's nothing wrong with him taking five 0:58:24.880 --> 0:58:27.920 and leaving five runners to say, hey, you know, I 0:58:27.920 --> 0:58:30.200 can take these five off the table and I can 0:58:30.280 --> 0:58:32.840 leave the other five. So the fifty rule is something 0:58:32.840 --> 0:58:35.959 that I really want to apply. I apply all the time. 0:58:36.000 --> 0:58:39.400 You never lose money taking profits. And I tell people 0:58:39.400 --> 0:58:41.000 that the fifty rule can really keep a lot of 0:58:41.000 --> 0:58:43.520 people out of trouble, especially with the short term options 0:58:43.600 --> 0:58:45.920 or with the longer term options. To make sure that 0:58:45.960 --> 0:58:49.120 you're taking your profits and securing your bag. 0:58:49.680 --> 0:58:51.800 That's important Shore, I know, shout out to Ben. That's 0:58:51.800 --> 0:58:53.640 something that he does. Right, If he buys ten contracts, 0:58:53.680 --> 0:58:56.240 he takes profit. I'll sell five and I'll let five 0:58:56.360 --> 0:58:58.720 keep going. And so that's a great strategy. I think 0:58:58.760 --> 0:59:00.280 that's the maining strategy. A lot of people will get 0:59:00.320 --> 0:59:02.560 caught up like can I sell before my strike date, 0:59:03.720 --> 0:59:06.200 before my expiration date? Yes, you can sell before your 0:59:06.200 --> 0:59:08.800 exploration date. Can I take profit? You can take profit 0:59:08.840 --> 0:59:12.040 whenever you want, right, That's up to you. But again, 0:59:12.160 --> 0:59:14.520 create your strategy. Know what your strategy is. So when 0:59:14.560 --> 0:59:17.400 it hits your number, you're you're okay with it and 0:59:17.440 --> 0:59:19.080 you're taking profit. There's nothing wrong with that. 0:59:19.520 --> 0:59:24.400 Yeah, you do have taxes, short term capital gain tax. 0:59:24.440 --> 0:59:27.640 If you if you sell a position under a year 0:59:28.240 --> 0:59:29.960 and if you keep it for longer than a year, 0:59:30.040 --> 0:59:34.480 it's long term capital gains. So long term of day, Yeah, 0:59:34.520 --> 0:59:38.600 long term capital gains is lower than short term capital gain. 0:59:38.680 --> 0:59:42.160 So that is something that just you know, at least no, 0:59:42.240 --> 0:59:44.040 at least be aware of something that might want to 0:59:44.040 --> 0:59:44.840 take and take a sideration. 0:59:44.880 --> 0:59:48.080 You might not want to take take consideration, but please do. 0:59:48.840 --> 0:59:51.760 I just want to go back here really quickly. It's 0:59:51.800 --> 0:59:55.240 let me go back here really quickly. I'm gonna get 0:59:55.360 --> 0:59:58.280 some game real quick. Merry Christmas. No, So a lot 0:59:58.320 --> 1:00:00.400 of people talk about long term invest in this saying, look, 1:00:00.400 --> 1:00:03.560 if you're investing options, it's not long term investment. I'm 1:00:03.560 --> 1:00:05.160 gonna show you how you can turn it into long 1:00:05.240 --> 1:00:09.040 term investment. And fran Lawrence, we spoke about this and 1:00:09.360 --> 1:00:12.000 you were like, yeah, this is exactly how you do it. 1:00:12.120 --> 1:00:13.840 And so here's what happened. This is actually in my 1:00:13.840 --> 1:00:18.480 account right now. So in a maybe May twenty twenty, 1:00:18.600 --> 1:00:21.760 I bought five contracts at AMD at a seventy five call. 1:00:22.040 --> 1:00:23.200 Right So it was a call I said, it's going 1:00:23.240 --> 1:00:25.320 to appreciate. So at the time it was fifty seven dollars. 1:00:25.720 --> 1:00:27.520 I said, all right, well, I'm looking at the fundamentals. 1:00:27.560 --> 1:00:29.439 I looked at the technicals. I said, all right, we're 1:00:29.440 --> 1:00:32.800 in Corona. This is a semiconductor. We love semi conductors. 1:00:32.800 --> 1:00:35.680 That's why we keep talking about them in hit. I'm like, 1:00:35.720 --> 1:00:38.520 seventy five, that's my call for January twenty twenty two. 1:00:38.560 --> 1:00:41.080 So I gave myself at least eighteen to nineteen months 1:00:41.080 --> 1:00:47.160 for this contract to mature. However, AMD has run up. 1:00:47.480 --> 1:00:50.680 The actual stock itself has run up, and so obviously 1:00:50.760 --> 1:00:54.640 as the stock runs up, so does my intrinsic value 1:00:55.040 --> 1:00:58.240 of my contracts. And so that's run up pretty nicely. 1:00:58.240 --> 1:01:00.200 I think AMD hit a high one point sixty three. 1:01:00.320 --> 1:01:01.920 Did it get up to one sixty three? My correct 1:01:01.960 --> 1:01:04.480 on that, Yeah, so it's an all time high. I 1:01:04.480 --> 1:01:07.280 want to say, like one sixty one sixty three, all right, 1:01:07.320 --> 1:01:11.600 And so remember my call was at seventy five. And 1:01:11.640 --> 1:01:13.800 so here's what I did. I had the right to right, 1:01:13.920 --> 1:01:16.959 I exercised the contract. And so if I have five 1:01:17.040 --> 1:01:19.320 contracts and you don't even have to exercise all five, 1:01:19.800 --> 1:01:22.560 I chose to. The key thing is when you exercise, 1:01:22.600 --> 1:01:25.560 I have to have the money in my account to 1:01:25.720 --> 1:01:29.120 buy those shares. So here's how this looks. I exercised 1:01:29.160 --> 1:01:32.320 all five contracts at seventy five dollars, and so five 1:01:32.400 --> 1:01:36.160 hundred shares right at twenty five at seventy five dollars, 1:01:36.160 --> 1:01:38.520 because I have the right to buy it at that, 1:01:38.760 --> 1:01:42.480 it's going to cost me thirty five thousand dollars. Luckily, 1:01:42.480 --> 1:01:45.400 I had a great year, so I had the thirty five. 1:01:45.400 --> 1:01:46.680 But I didn't have to. I could have just did 1:01:46.880 --> 1:01:48.600 the five hundred. Would it cost me seventy five hundred? 1:01:48.640 --> 1:01:50.680 And I'm like, okay, bet, And somebody's like, wait, that's 1:01:50.680 --> 1:01:52.720 a lot of money, and that's a waste of money. 1:01:52.760 --> 1:01:54.720 How's this long term investment? Well, here's why. 1:01:55.360 --> 1:01:59.920 Today, if you try to buy five hundred shares of AMD, 1:02:00.080 --> 1:02:03.880 it would cost you seventy one thousand, five hundred dollars. 1:02:04.200 --> 1:02:06.680 Why because you don't have the option to buy it 1:02:06.720 --> 1:02:09.680 at seventy five. I did that, so I have the 1:02:09.800 --> 1:02:12.400 right to do it at seventy five dollars. So here's 1:02:12.440 --> 1:02:15.480 the difference, right, it's right now at one hundred and 1:02:15.520 --> 1:02:18.919 forty three dollars. I'm taking it. Seventy five is which 1:02:18.960 --> 1:02:21.120 my call by contract was at. So there's a difference 1:02:21.160 --> 1:02:25.520 of sixty eight dollars. So when I exercise this contract, 1:02:25.600 --> 1:02:29.240 as soon as I exercise it, each share has a 1:02:29.720 --> 1:02:33.080 sixty eight dollars in value, right, So I bought them 1:02:33.080 --> 1:02:36.120 at seventy five. As soon as I exercised the contract, 1:02:36.160 --> 1:02:41.480 those five hundred shares now each have sixty eight dollarsand value. 1:02:41.520 --> 1:02:43.480 So that easy math right there for you. 1:02:43.800 --> 1:02:47.200 Five hundred series time sixty eight dollars is thirty four thousand. 1:02:47.640 --> 1:02:50.360 So now the thirty five thousand that are spending doesn't 1:02:50.400 --> 1:02:53.040 look as crazy because I already have thirty four thousand 1:02:53.280 --> 1:02:55.080 in value as soon as. 1:02:54.880 --> 1:02:57.480 I exercise it. But that's not the best part. 1:02:58.560 --> 1:03:04.440 Let me go to Let me go ahead, Let's go 1:03:04.480 --> 1:03:07.920 to bar shark. Let's go to bar shark. Everybody can 1:03:07.920 --> 1:03:10.840 still see my screen, Yes, sir, Let's look at the 1:03:10.840 --> 1:03:13.880 history of the performance of AMD. Right, Let's look what 1:03:13.880 --> 1:03:15.920 it has done over the past twenty years. Let's look what 1:03:15.960 --> 1:03:18.000 has done over the past ten years. Let's look what 1:03:18.080 --> 1:03:20.960 has done over the past five years, three years, two years. 1:03:21.200 --> 1:03:24.080 Guess what I now have. I have five hundred shares 1:03:24.120 --> 1:03:26.560 of AMD that I could have for the rest of 1:03:26.560 --> 1:03:30.240 my life. Right, I don't have an expiration data anymore. 1:03:30.520 --> 1:03:33.800 I now have five hundred shares, clear and free. What 1:03:33.840 --> 1:03:35.720 can I do with that? I could pass that down, 1:03:35.840 --> 1:03:37.800 I could add to it, I can make it another position. 1:03:37.840 --> 1:03:39.720 While I'm like, all right, I want to do a 1:03:39.760 --> 1:03:42.800 thousand shares of this company, I heard my brother Ian say, look, 1:03:43.520 --> 1:03:48.200 AMD is going to be three twelve by January twenty four. 1:03:48.680 --> 1:03:50.360 So you're looking at a guy who got them at 1:03:50.400 --> 1:03:53.360 seventy five dollars, and I have five hundred shares that 1:03:53.480 --> 1:03:56.200 potential growth. And obviously we speak about semi conductors and 1:03:56.240 --> 1:03:58.920 supply chain shortage and how that's going to correct yourself 1:03:58.920 --> 1:04:00.640 in either the second half of t twenty twenty two 1:04:00.760 --> 1:04:03.680 or beginning of twenty twenty three. Either way, I'm still 1:04:03.760 --> 1:04:06.000 going to be patient because now I have five hundred 1:04:06.040 --> 1:04:08.640 shares long term. And so when people talk about options 1:04:08.680 --> 1:04:10.600 and they say it's not really a long term investment, 1:04:11.000 --> 1:04:13.560 it can be if you get the asset at a 1:04:13.800 --> 1:04:18.240 valued price and it grows over the time of your contract. 1:04:18.280 --> 1:04:21.080 So it went from one foot not showing, Oh it's 1:04:21.120 --> 1:04:21.680 not showing that. 1:04:22.000 --> 1:04:22.880 Yeah, it's not showing. 1:04:23.080 --> 1:04:24.600 Oh, hold on, hold on, I got shared the right 1:04:24.600 --> 1:04:28.320 then new share my bad. 1:04:28.400 --> 1:04:28.600 Y'all. 1:04:29.520 --> 1:04:30.240 Y'all can see it. 1:04:30.200 --> 1:04:33.720 Now, Yes, sir, you see the bar chart, Yes, sir? 1:04:33.920 --> 1:04:37.200 All right, So we're looking at here five hundred and seventy. 1:04:36.920 --> 1:04:40.800 Percent, right, we're looking at two thousand per one thousand 1:04:40.800 --> 1:04:45.840 percent not doubt percentage seven hundred to twenty five, and 1:04:45.880 --> 1:04:48.640 so like if just based on that growth, even if 1:04:48.680 --> 1:04:51.160 it grows ten percent a year, I don't ever have 1:04:51.240 --> 1:04:53.560 to sell those five hundred hundred years, right, I could 1:04:53.560 --> 1:04:54.680 pass those one hundred years. 1:04:54.720 --> 1:04:56.800 I can give those hundred shares five hundred years. 1:04:56.800 --> 1:04:59.760 And so now that option that was a two year 1:05:00.040 --> 1:05:02.880 option right on my expiration date now becomes a long 1:05:02.960 --> 1:05:06.760 term investment inside of my portfolio. So that's another strategy 1:05:06.800 --> 1:05:09.680 like people really don't talk about, but they should. And 1:05:09.840 --> 1:05:11.720 a lot of times if you go to YouTube and 1:05:11.720 --> 1:05:13.640 you go to they'll tell you like ninety nine percent 1:05:13.680 --> 1:05:16.480 of the times you shouldn't exercise your contract. That's true 1:05:16.480 --> 1:05:19.400 if you're doing short term, but in these rare situations 1:05:19.720 --> 1:05:21.920 where the asset has grown and it has hit all 1:05:21.960 --> 1:05:25.120 time highs and your contract is so low, it kind 1:05:25.120 --> 1:05:27.800 of makes sense to exercise it because you have the 1:05:27.840 --> 1:05:30.240 long term shares for the rest of your life. I'm 1:05:30.280 --> 1:05:32.600 also this is true. I'm also I also have a 1:05:32.680 --> 1:05:34.320 five to ten This is a game. I never told 1:05:34.320 --> 1:05:36.960 anybody this. I have a five to ten testicle for 1:05:37.080 --> 1:05:42.000 January twenty three, right, So I can buy one hundred 1:05:42.000 --> 1:05:44.800 shares of Tesla at five hundred dollars today if I 1:05:44.840 --> 1:05:47.360 wanted to right, I'd have to have the money. Let's 1:05:47.360 --> 1:05:50.800 say Tesla runs to fifteen hundred. Each one of those 1:05:50.880 --> 1:05:54.920 hundred shares has now gained one thousand dollars. Right, if 1:05:54.960 --> 1:05:58.240 Tesla gets to fifteen hundred at some point over the 1:05:58.240 --> 1:06:01.120 next twelve months, right, because so vile talent in trades 1:06:01.160 --> 1:06:02.520 like that, could it happen? 1:06:02.600 --> 1:06:02.800 Yeah? 1:06:02.880 --> 1:06:05.439 If it gets a twelve hundred, guess what each share 1:06:05.560 --> 1:06:08.560 now has seven hundred dollars. So now I have seven 1:06:08.640 --> 1:06:12.040 hundred shares that all each have gained seven hundred dollars value, 1:06:12.320 --> 1:06:15.080 I'm up seventy thousand. So these are some of the ways, 1:06:15.080 --> 1:06:17.400 in some of the strategies that you can turn your 1:06:17.440 --> 1:06:20.760 option contract into a long term situation. Now, there are 1:06:20.760 --> 1:06:22.200 some things that you need to know, right, So the 1:06:22.240 --> 1:06:26.080 money you spent for the contract, right, sometimes and a 1:06:26.080 --> 1:06:28.320 lot of times, and if launch you probably can explain 1:06:28.320 --> 1:06:32.040 even more, the intrinsic value is lost, right, you can't. 1:06:32.120 --> 1:06:34.080 You don't get the money that you paid for the contract. 1:06:34.080 --> 1:06:36.880 It becomes part of the fees that you do for 1:06:36.960 --> 1:06:40.360 exercise in it. But when you think long term, right, 1:06:40.360 --> 1:06:42.840 maybe it was I think that AMD call was like 1:06:43.000 --> 1:06:46.320 four thousand dollars long term that four thousand dollars gonna 1:06:46.320 --> 1:06:48.560 come back. Yeah, the market goes up, AMD goes up, 1:06:48.640 --> 1:06:50.680 and like I said, let's say it gets to two 1:06:50.760 --> 1:06:53.920 hundred three hundred, I'm sitting here pretty with five hundred shares. 1:06:54.120 --> 1:06:56.080 I'm not thinking about the three hundred three thousand that 1:06:56.120 --> 1:06:58.560 I paid to actually get the contracts. So that's another 1:06:58.560 --> 1:07:01.480 little strategy. Most people don't talk about it. I'm telling 1:07:01.520 --> 1:07:03.160 you because I did it, and I did it with 1:07:03.160 --> 1:07:05.320 Apple too. That's how I explained that. Last year I 1:07:05.320 --> 1:07:07.800 got my six hundred shares of Apple, I did the 1:07:07.840 --> 1:07:11.080 same thing apple split. I was like, oh, this is 1:07:11.120 --> 1:07:13.880 perfect I can get I can get a five hundred, 1:07:13.880 --> 1:07:16.480 six hundred shares at one hundred dollars perfect now, when 1:07:16.480 --> 1:07:18.360 it was one hundred and twenty seven dollars at the time, 1:07:18.360 --> 1:07:21.440 I'm like, all right, that's not that's pretty cool interesting 1:07:21.560 --> 1:07:23.960 values there. But now that Apple is run up to 1:07:23.960 --> 1:07:25.600 one hundred and seventy five and I got them at 1:07:25.600 --> 1:07:28.360 one hundred. Now you got six hundred shares that each 1:07:28.480 --> 1:07:32.200 game seventy five dollars. And so that's just like another 1:07:32.200 --> 1:07:32.760 little strategy. 1:07:32.840 --> 1:07:37.360 Yeah, yeah, a whole lot of games, ladies and gentlemen 1:07:37.920 --> 1:07:41.919 that was yeah, ninety minutes. Man, we're not done yet, 1:07:41.920 --> 1:07:43.840 but it's definitely gonna be sae. I've seen some people asking, 1:07:43.880 --> 1:07:46.080 is it's gonna be saved on YouTube. Yes, it's gonna 1:07:46.120 --> 1:07:48.360 be saved on YouTube. So watch the replay. Talked about 1:07:48.360 --> 1:07:52.560 Greeks earlier in the presentation, so everything that you probably 1:07:52.600 --> 1:07:54.240 have questions about was probably covered over. 1:07:54.160 --> 1:07:56.439 The course of the ninety minutes. But we're gonna answer 1:07:56.520 --> 1:07:56.960 some questions. 1:07:57.000 --> 1:08:01.320 But before we do, once again, I just wanted to 1:08:01.400 --> 1:08:03.160 just kind of let you guys know what's going on here. 1:08:03.200 --> 1:08:08.680 So EYL University this is we do classes every single week, 1:08:08.920 --> 1:08:10.200 but we're actually adding something to. 1:08:10.600 --> 1:08:19.080 University breaking news alert all ready for this. I let 1:08:19.120 --> 1:08:21.320 you doing no, I gohad man, that's good thing. 1:08:21.760 --> 1:08:23.400 I mean, you know, you know the full details. 1:08:23.600 --> 1:08:24.800 So let me break this down. 1:08:24.840 --> 1:08:27.920 So obviously, Lawrence has been a part of e y 1:08:28.080 --> 1:08:31.400 L University, has been teaching the third Wednesdays of each month. 1:08:31.439 --> 1:08:34.400 But he said, you know what, I got a calling 1:08:35.000 --> 1:08:36.960 and I got asked do I want to teach? And 1:08:37.000 --> 1:08:38.960 he's you know, he was like, yeah, I want to teach, 1:08:39.000 --> 1:08:41.200 but I don't want to teach at Stanford. I want 1:08:41.240 --> 1:08:44.200 to teach at Yale or Harvard. I want to teach 1:08:44.200 --> 1:08:46.960 at e y L University. And so who are we 1:08:47.080 --> 1:08:49.160 not to oblige when we have a pride you like this, 1:08:49.479 --> 1:08:52.720 and so Frank Laurence like ke'p saying, Lawrence is going 1:08:52.760 --> 1:08:56.559 to do something special. He's going to be teaching every 1:08:56.800 --> 1:09:01.800 Monday and every Wednesday starting in January twenty twenty two. 1:09:02.520 --> 1:09:03.360 That's not it though. 1:09:03.920 --> 1:09:07.960 Every Monday at noon he will be trading live with 1:09:08.000 --> 1:09:12.840 you in eyl University live like actually as the market 1:09:12.920 --> 1:09:15.439 is open, he'll be in there and he'll be guiding, 1:09:15.520 --> 1:09:18.400 and he'll be teaching as the market's open, trading with 1:09:18.439 --> 1:09:20.679 you on Wednesdays at six. 1:09:20.920 --> 1:09:22.479 Wednesday at six shoutout to rants gyms. 1:09:22.479 --> 1:09:28.440 I know that drops. He will be teaching live Wednesday's 1:09:28.439 --> 1:09:33.400 at six to eyl University. Earnest every third Wednesday he 1:09:33.439 --> 1:09:37.080 will still be doing his class. He is a full 1:09:37.640 --> 1:09:42.639 time professor and a contributor to e y L. This 1:09:42.720 --> 1:09:46.680 is his chaining day. Everybody put the graduation caps in 1:09:46.800 --> 1:09:52.000 the chat. Lawrence is officially EYL Lawrence. He's officially part 1:09:52.000 --> 1:09:54.840 of the team. Everybody give him a warm welcome. 1:09:55.080 --> 1:09:57.800 And I appreciate that and so yeah, he's definitely a 1:09:57.360 --> 1:10:00.040 tenured professor and we do all we do all a 1:10:00.040 --> 1:10:02.040 lot different stuff in the UY University. We do crypto, 1:10:02.439 --> 1:10:06.800 we do investing, credit, real estate, so you know, have 1:10:06.840 --> 1:10:09.760 different professionals come teach classes. And one of the things 1:10:09.760 --> 1:10:11.559 that we're gonna do for twenty twenty two is have 1:10:12.720 --> 1:10:15.920 a few people actually teach like more than like one 1:10:15.960 --> 1:10:18.680 class every three months, like they might teach like, you know, 1:10:19.040 --> 1:10:22.200 twice a month or even every single week possibly. So 1:10:22.800 --> 1:10:25.000 that's something that you know, it's broad range, like I said, 1:10:25.040 --> 1:10:28.479 covering from credit to real estate, and you know, of 1:10:28.479 --> 1:10:31.040 course stocks investing, we've been doing that, so it's just 1:10:31.080 --> 1:10:33.400 you know, just adding on to that, and we felt 1:10:33.479 --> 1:10:37.880 Lawrence was the perfect person to you know, to spearhead 1:10:37.920 --> 1:10:38.719 that for So. 1:10:38.840 --> 1:10:41.120 I'll be in you know what, January Thurs the first one. 1:10:41.160 --> 1:10:42.960 I'm gonna be in there too. Yeah, yeah, I'm there. 1:10:43.040 --> 1:10:44.559 Appreciate that, Earns. I'm there. 1:10:44.600 --> 1:10:46.880 So if you're not part of YO University, man, I'm 1:10:46.920 --> 1:10:50.479 telling you it's the fastest growing online community for everything. 1:10:50.479 --> 1:10:50.760 It's not. 1:10:50.960 --> 1:10:54.280 It's not just an investment group, it's a financial institution 1:10:54.640 --> 1:10:57.559 cover every single thing possible. So once again, I put 1:10:57.600 --> 1:11:00.400 the link up, go to Eyo University dot com running 1:11:00.400 --> 1:11:03.840 the sale flash sale twenty four hour flash sale, might 1:11:03.920 --> 1:11:05.240 extend it for forty eight hours, but. 1:11:05.240 --> 1:11:07.200 Oh we could do we can call up some of 1:11:07.240 --> 1:11:10.200 our group chat friends and have them come as well. 1:11:10.280 --> 1:11:12.240 Yeah, you never know who. We could get anybody to come. 1:11:12.360 --> 1:11:17.519 So sixty five sixty five percent off for the whole 1:11:17.680 --> 1:11:19.519 entire year. It's like seven hundred dollars for the whole 1:11:19.640 --> 1:11:22.559 entire year. And it covers all of those things that 1:11:22.600 --> 1:11:25.080 we just talked about and more so if you want 1:11:25.120 --> 1:11:27.800 to join, click the link. Love to have you on 1:11:27.800 --> 1:11:29.760 the other side. And we got some physical events too. 1:11:29.800 --> 1:11:32.800 We're gonna be doing some things for Eyo University we 1:11:32.840 --> 1:11:33.599 talked about. 1:11:33.400 --> 1:11:34.240 A couple of days ago. 1:11:34.280 --> 1:11:35.559 So you know, we really want to make it more 1:11:35.600 --> 1:11:37.479 of a community type of vibe and it's something that 1:11:37.520 --> 1:11:40.440 we're really looking forward to in twenty twenty two, just expanding. 1:11:40.080 --> 1:11:43.080 The vib So yeah, for sure. 1:11:43.160 --> 1:11:45.280 So part of it part of the classes that you know, 1:11:45.320 --> 1:11:48.840 you get to ask questions. So this, like I said, this, 1:11:48.840 --> 1:11:51.720 this went a little longer than we probably thought, so 1:11:51.800 --> 1:11:54.080 the questions might be a little bit shorter. But now 1:11:54.080 --> 1:11:56.680 we're gonna we're gonna go to some earners for some 1:11:56.800 --> 1:12:00.439 questions and you know, answer some questions for the class. 1:12:00.520 --> 1:12:03.280 Is going to be He's gonna be It's twelve noon 1:12:03.320 --> 1:12:04.200 every Monday. 1:12:03.920 --> 1:12:08.280 Right, yep, twelve noon every Monday, and we'll be talking 1:12:08.280 --> 1:12:11.000 a lot. So it'll be right in the middle of 1:12:11.000 --> 1:12:13.200 the market day, catching a lot of people on the 1:12:13.280 --> 1:12:15.439 lunch breaks in the middle of the day. I figured 1:12:15.439 --> 1:12:17.880 that'd be like the best time, even kill So. 1:12:17.920 --> 1:12:20.240 Yeah, that's a fact when we had the conversation, like, 1:12:20.280 --> 1:12:21.960 I think that's the best time because people on their 1:12:22.040 --> 1:12:24.200 lunch breaks, they can actually sit down at the computers. 1:12:24.439 --> 1:12:26.479 They could actually focus, and so I think that was 1:12:27.080 --> 1:12:29.519 I mean, that was pretty thoughtful of you. And that's 1:12:29.520 --> 1:12:31.240 the true. They think I'm captain, but we really had 1:12:31.240 --> 1:12:33.280 this conversation like they were like, you should actually teach 1:12:33.280 --> 1:12:36.200 at at a university, and you told, like tell him, 1:12:36.200 --> 1:12:37.479 like you really said no. 1:12:37.920 --> 1:12:40.280 Like I it was like I had the conversation and 1:12:41.000 --> 1:12:44.400 you know, my girl she asked me, she said, you know, 1:12:44.560 --> 1:12:47.760 like could you see yourself teaching at a university? And 1:12:47.800 --> 1:12:50.800 I said, I mean I couldn't see myself teaching at 1:12:50.800 --> 1:12:53.200 a college and sticking to you know, just like a 1:12:53.200 --> 1:12:56.320 book or something like the knowledge that I have. Like 1:12:57.160 --> 1:12:59.680 for me, it's like I'm really passionate to share with 1:12:59.720 --> 1:13:02.839 people because I can see, like how can like directly 1:13:02.960 --> 1:13:06.479 change like your life, like the stop market honestly, like 1:13:06.560 --> 1:13:09.680 really changed my entire life, so like I wanted to 1:13:09.680 --> 1:13:12.880 continue to change other people's lives. So whatever way I 1:13:12.880 --> 1:13:15.840 can really give as much information as possible, where it's 1:13:15.880 --> 1:13:18.800 hitting people midday, hitting people early more than hitting people 1:13:18.920 --> 1:13:21.840 late at night, whatever it is, it's like I'm willing. 1:13:21.520 --> 1:13:24.599 To do it. So yep, crazy, crazy crazy. Yes, that's 1:13:24.600 --> 1:13:27.960 the Eastern Standard time. Y'all Eastern Standard Time East the 1:13:27.960 --> 1:13:28.479 Santa Time. 1:13:28.600 --> 1:13:32.320 Appreciate that, brother. Let's go to some how how old 1:13:32.360 --> 1:13:33.680 do you? Lawrence Man? 1:13:34.080 --> 1:13:35.560 I just turned twenty two in October. 1:13:36.439 --> 1:13:36.919 Prodigy. 1:13:36.920 --> 1:13:39.360 When we say prodigy, we really need twenty twenty two 1:13:39.439 --> 1:13:42.000 years old, prodigy different, different, All right, let's go to 1:13:42.200 --> 1:13:45.000 let's go to some of our earners. Let's see is Jenny, 1:13:46.000 --> 1:13:48.280 it might not be here, victim, were coming to you? 1:13:48.320 --> 1:13:49.400 I mut yourself. You've been muted. 1:13:49.439 --> 1:13:49.920 What's going on? 1:13:53.400 --> 1:13:54.280 Don't expect that? 1:13:54.760 --> 1:13:58.479 Well, don't do this. Hey, I'm here, what's going on? 1:13:58.880 --> 1:14:01.679 Hey, let's up I'm actually some guys I got picked, 1:14:01.760 --> 1:14:02.680 but thank you. 1:14:04.200 --> 1:14:04.479 Yeah. 1:14:04.520 --> 1:14:08.240 So, so my question was, so I was doing long 1:14:08.320 --> 1:14:11.000 term stock stocked investing for a while. I mean, shout 1:14:11.000 --> 1:14:13.000 out to y'all because you know, listening to y'all for 1:14:13.040 --> 1:14:16.559 a year and stuff. You know, definitely learned learn that's 1:14:16.600 --> 1:14:19.320 the way to do it and stuff. But looking to 1:14:19.320 --> 1:14:21.800 get into options and trying that same approach, you know, 1:14:21.880 --> 1:14:26.960 the long term, long term clause. But I was, I 1:14:27.000 --> 1:14:30.160 haven't made the decision to do it yet because right 1:14:30.160 --> 1:14:32.720 now the market is at all time high. Number one, 1:14:32.920 --> 1:14:36.040 so maybe waiting for some better premiums. But number two, 1:14:36.120 --> 1:14:38.719 what's a good technique that you guys use for picking 1:14:38.760 --> 1:14:43.400 your strike prices? And I know one gentleman who who 1:14:43.520 --> 1:14:47.360 was on your on one of the episodes one time, 1:14:47.360 --> 1:14:51.320 he had said like one point five times the growth 1:14:51.760 --> 1:14:55.920 over the last year. Yeah, something of that sort, and 1:14:55.960 --> 1:14:57.840 then that's how you choose this strike price. But but 1:14:57.920 --> 1:15:00.000 what do you guys use for like choosing your strike prices? 1:15:00.960 --> 1:15:03.840 Yeah, so I'm I'm gonna be honest, like for me, like, 1:15:03.920 --> 1:15:07.360 for example, with a stock like Apple that's at like 1:15:07.400 --> 1:15:11.120 one seventy five right now, A lot of times what 1:15:11.680 --> 1:15:14.640 I personally will do is like I only buy in 1:15:14.720 --> 1:15:17.880 the money options. So like for me, I don't buy 1:15:18.000 --> 1:15:21.080 out the money options. Uh, you know, I argue against it. 1:15:21.520 --> 1:15:23.720 So for me, my strategy is I like to a 1:15:23.800 --> 1:15:25.920 lot of times go at least two to three in 1:15:26.000 --> 1:15:29.040 the money. So for example, the stocks at one seventy five, 1:15:29.439 --> 1:15:32.080 there's obviously gonna be a one seventy two point five 1:15:32.320 --> 1:15:35.800 one seventy one sixty seven point five, one sixty five. 1:15:36.240 --> 1:15:37.840 A lot of times I try to aim to go 1:15:37.880 --> 1:15:40.640 at least two to three options in the money, but 1:15:40.920 --> 1:15:43.479 I also am looking at the volume and open interest. 1:15:43.640 --> 1:15:46.040 I like to see the options that you don't have 1:15:46.120 --> 1:15:49.080 the highest amount of volume and open interest, and those 1:15:49.080 --> 1:15:52.760 are the options that I usually target, even with the 1:15:52.880 --> 1:15:55.679 leap options. A lot of times I'd like to get 1:15:55.720 --> 1:15:57.680 like an at the money strike, So like if the 1:15:57.720 --> 1:16:00.880 stocks at one seventy five, I go and get that 1:16:00.960 --> 1:16:03.920 one to seventy five strike for twenty twenty four. My 1:16:04.000 --> 1:16:07.479 biggest thing when it comes to options is like you 1:16:07.520 --> 1:16:11.040 want to get the most intrinsic value, Like a lot 1:16:11.080 --> 1:16:13.880 of times the out the money strategies, even if you 1:16:14.000 --> 1:16:16.960 have a leap for example, you know, I look, you know, 1:16:17.000 --> 1:16:18.400 a lot of times I look at a lot of 1:16:18.400 --> 1:16:22.240 people's portfolios. They'll share things with me. The number one 1:16:22.320 --> 1:16:26.960 loser in everyone's portfolio that I've seen as ARKKK that's 1:16:27.000 --> 1:16:29.320 the number one loser across the board, and it's people 1:16:29.360 --> 1:16:32.880 who've had leap options on RKKK and they've had out 1:16:32.920 --> 1:16:35.559 the money leaps. So the thing is is that even 1:16:35.560 --> 1:16:38.280 though you get out the money contract and it may 1:16:38.320 --> 1:16:42.960 be far away from expiring, does not guarantee that you're 1:16:43.080 --> 1:16:47.000 actually gonna go ahead and profit. So buying a leap 1:16:47.040 --> 1:16:50.120 option does not guarantee profit. And what I want to 1:16:50.160 --> 1:16:52.200 say is is that when it comes to your strike price, 1:16:52.720 --> 1:16:55.000 try to get as close to the money as possible. 1:16:55.080 --> 1:16:57.680 And if you can't get in the money, you know, 1:16:57.800 --> 1:16:59.360 try to, you know, keep it at like that one 1:16:59.479 --> 1:17:02.479 seventy enno point five point. You just don't want to 1:17:02.520 --> 1:17:06.040 be leaping and getting two forties in two twenties when 1:17:06.080 --> 1:17:09.000 a stock is at one seventy. You want to protect yourself. 1:17:09.400 --> 1:17:11.840 So yep, yeah, I think all those things are key. 1:17:11.880 --> 1:17:14.840 I always looking at the past performance and calculating, Right, well, 1:17:14.840 --> 1:17:16.920 I just showed you that the Apple situation, right, we 1:17:16.960 --> 1:17:19.280 just didn't guess two hundred. We were kind of saying 1:17:19.320 --> 1:17:21.160 that because if you take the ten percent, if you 1:17:21.160 --> 1:17:23.200 just look at moving ten percent based on what's done 1:17:23.200 --> 1:17:25.280 in the past, I mean you can kind of get 1:17:25.280 --> 1:17:27.960 the gauge on where it could be headed. And what 1:17:28.080 --> 1:17:31.200 I think Lauren says is important. Man, I always, always, always, 1:17:31.320 --> 1:17:34.120 I always check the valume and I always check the 1:17:34.120 --> 1:17:36.800 open interest because that'll tell you a barama of like, 1:17:36.840 --> 1:17:39.000 all right, well, this is kind of where the market 1:17:39.000 --> 1:17:42.639 the money's moving for this option. And there's a couple 1:17:42.640 --> 1:17:45.160 of other things that I use as well. I checked 1:17:45.160 --> 1:17:47.559 the history of the option. I know in each trade, 1:17:47.560 --> 1:17:49.080 when you go into details, you can check the history 1:17:49.120 --> 1:17:51.040 of the option, you can see where it originated, and 1:17:51.080 --> 1:17:53.000 based on where it's originated, you can get a gauge 1:17:53.040 --> 1:17:54.640 of where it was at its all time high. And 1:17:54.680 --> 1:17:57.160 even when it's there, I'm like, all right, well, I 1:17:57.240 --> 1:17:59.320 don't want to buy anything at a premium. If the 1:17:59.720 --> 1:18:04.040 option contract originated at twenty dollars and it ran up 1:18:04.040 --> 1:18:06.680 to forty, I want to wait till it pulls down 1:18:06.720 --> 1:18:08.920 to eighteen, right, because I just want to have, like 1:18:08.920 --> 1:18:10.360 you said, I want to have my built in terms 1:18:10.439 --> 1:18:13.240 with value before I get into the position. So that's 1:18:13.240 --> 1:18:21.160 another little strategy you can use. That's a lot bick there, Okay. 1:18:21.320 --> 1:18:24.280 No, yeah, I was just taking some notes. No, that's 1:18:24.280 --> 1:18:26.639 definitely great, and that's what I've been learning recently too. Yeah, 1:18:26.640 --> 1:18:28.479 at the money or in the money is just safer 1:18:28.520 --> 1:18:33.360 and just guaranteeing that you can definitely, you know, secure 1:18:33.400 --> 1:18:35.000 that you're going to make some money and not lose 1:18:35.040 --> 1:18:35.800 that premium. 1:18:35.880 --> 1:18:38.439 Yeah, and we talked about singular positions, but I mean 1:18:38.520 --> 1:18:41.840 the safest thing that we do is we invest in ETFs. 1:18:41.960 --> 1:18:44.880 Like so you can have option contracts on ETFs and 1:18:44.920 --> 1:18:47.680 so we definitely have them on XLK and that's a 1:18:47.800 --> 1:18:52.479 mah and xly qqq. So we definitely have them on 1:18:52.520 --> 1:18:55.240 our all Star teams as well. They don't move as fast, 1:18:55.280 --> 1:18:58.120 but but if you get them at the right price, 1:18:58.600 --> 1:19:02.360 right price, definitely could have some value for sure. I 1:19:02.479 --> 1:19:02.960 appreciate that. 1:19:03.600 --> 1:19:07.400 I can't say nothing about uts after the Apollo. 1:19:09.760 --> 1:19:12.439 Don't tell anybody, I ain't got it, nobody. 1:19:12.439 --> 1:19:14.160 You had to be there what happened at the Apollo. 1:19:14.280 --> 1:19:15.160 You know you had to be there. 1:19:15.320 --> 1:19:15.920 That's a fact. 1:19:15.920 --> 1:19:16.479 I ain't got it. 1:19:16.520 --> 1:19:21.200 Bro. You know the rule word api, bro word. 1:19:22.120 --> 1:19:25.080 Yes, the classes at euy University are recorded. I saw 1:19:25.120 --> 1:19:27.719 somebody asked that question or recorded our All. 1:19:27.680 --> 1:19:30.439 Right, let's go to Melissa Kingston. Melissa, were coming to you? 1:19:30.520 --> 1:19:31.200 I mute yourself. 1:19:31.200 --> 1:19:31.879 You've been unmuted? 1:19:31.920 --> 1:19:32.519 What's going on? 1:19:39.800 --> 1:19:40.000 Oh? 1:19:40.080 --> 1:19:45.439 Now you gotta ummute yourself. You there you go? Hi, 1:19:46.080 --> 1:19:46.559 what's up? 1:19:47.360 --> 1:19:52.839 Nice to meet you. You and the university just joined 1:19:53.080 --> 1:19:59.160 about three weeks ago, so I'm just learning everything. Bran 1:19:59.280 --> 1:20:04.439 new All question, if for beginners and options work and 1:20:04.479 --> 1:20:08.720 what is the best place to start to invest? 1:20:09.800 --> 1:20:10.040 Uh? 1:20:10.080 --> 1:20:13.360 And options? Yeah? 1:20:13.600 --> 1:20:15.439 Like platform platform wise? 1:20:15.960 --> 1:20:16.160 Yeah? 1:20:16.240 --> 1:20:20.320 Uh huh, Well, I mean I guess you know, I 1:20:20.600 --> 1:20:22.200 personally use TD Ameritrade. 1:20:22.240 --> 1:20:24.439 I think they I like that they use the interface. 1:20:25.360 --> 1:20:27.400 Not to say that, you know, I'm not like saying 1:20:27.400 --> 1:20:29.240 that that's the only place to go, but that's what 1:20:29.360 --> 1:20:33.000 I personally use for my option training. 1:20:33.040 --> 1:20:33.639 I like TD. 1:20:34.320 --> 1:20:36.920 I use Fidelity too, but I just like tds use 1:20:36.960 --> 1:20:39.000 the interface better and a couple other reasons. 1:20:39.040 --> 1:20:40.360 I just like TD Ameritrade. 1:20:41.439 --> 1:20:41.639 Yeah. 1:20:41.720 --> 1:20:47.960 And another question when it comes to taxes, uh, can 1:20:48.040 --> 1:20:52.080 of uh? And we invest as individuals or we would 1:20:52.080 --> 1:20:55.519 have to do through as a brokers or create a 1:20:55.520 --> 1:20:57.440 business work as a business. 1:20:59.200 --> 1:21:02.439 Yeah, and so you can. 1:21:03.120 --> 1:21:04.519 I mean you could do it yourself, right, if you 1:21:04.520 --> 1:21:06.400 open your own broker's account, you could do it yourself. 1:21:06.479 --> 1:21:08.160 That's a good question though, Like a lot of people, 1:21:09.040 --> 1:21:10.719 and this is something that we've learned over the past 1:21:10.760 --> 1:21:13.040 couple years. So it was like, look, we should probably 1:21:13.080 --> 1:21:18.480 maybe start investing from an LLC because as you accumulate 1:21:18.520 --> 1:21:20.880 more assets, you want to protect those assets. And so 1:21:21.760 --> 1:21:23.880 one of the strategies to do is create an LLC 1:21:24.640 --> 1:21:26.679 and trade out of that. And so that's just another 1:21:26.760 --> 1:21:28.639 little tippic that you can use when trading. 1:21:29.120 --> 1:21:31.680 You're saying a lawrence, Yeah, no, it's really good to 1:21:31.760 --> 1:21:35.280 trade out them in LLC. I personally do trade out 1:21:35.320 --> 1:21:38.600 of trade out the inn LLC. It's good on the 1:21:38.680 --> 1:21:42.439 tax side. I like, you can set up trading out 1:21:42.439 --> 1:21:46.000 of LLC really with TDM, ror Trade and most platforms, 1:21:46.000 --> 1:21:47.600 so I think it's beneficial. 1:21:48.160 --> 1:21:50.960 Yeah. And as far as the brokers is, I use 1:21:51.560 --> 1:21:54.639 E Trade to trade for the most part just because 1:21:54.680 --> 1:21:57.240 I like, I like their interface, and when I have 1:21:57.280 --> 1:22:01.000 to do research, I use them. I started with the Ameritrade. 1:22:01.439 --> 1:22:03.960 That one's very very very easy to look at and 1:22:04.000 --> 1:22:06.720 see and do research as well. You can't go wrong 1:22:06.760 --> 1:22:09.360 with either in my opinion, and I also have a fidelity. 1:22:09.439 --> 1:22:13.479 I'm blaming it on shoddy and if you have to pobly, 1:22:13.479 --> 1:22:15.120 you understand why. 1:22:15.840 --> 1:22:18.000 Okay, thank you very much, appreciate you. 1:22:18.280 --> 1:22:19.080 Listen where you're from. 1:22:19.840 --> 1:22:21.400 I'm from Panama, but. 1:22:24.200 --> 1:22:28.080 I love it, love it. Shout everybody, boy Panama. 1:22:27.960 --> 1:22:30.480 Shout the Panama and Panama and shouts all the Panamanians 1:22:30.880 --> 1:22:31.479 in Brooklyn. 1:22:32.240 --> 1:22:32.800 Thank you. 1:22:33.120 --> 1:22:36.880 Have a good night. It is saying, all right, let's 1:22:36.880 --> 1:22:39.519 see what we got. Let's see what we got. I'm 1:22:39.560 --> 1:22:42.559 going down the list here. Let's go to Brandy. Brandy, 1:22:42.560 --> 1:22:44.800 we're coming to you. I'm telling you in advanced Brandy, 1:22:44.840 --> 1:22:47.360 because we're coming to you. I mute yourself. You've been unmuted. 1:22:47.400 --> 1:22:53.400 What's going on, Brandy? 1:22:54.479 --> 1:22:54.760 All right? 1:22:54.880 --> 1:22:55.559 What are you guys doing? 1:22:56.800 --> 1:22:58.320 Brandy? 1:22:59.040 --> 1:23:03.280 Well, actually, I'm using my it's it's it's my wife emails. 1:23:03.040 --> 1:23:05.360 It's it's all good. 1:23:06.080 --> 1:23:07.320 God, she's all good. I love it. 1:23:07.760 --> 1:23:07.960 Yeah. 1:23:08.040 --> 1:23:10.880 Yeah, what's your day? 1:23:11.920 --> 1:23:12.040 Uh? 1:23:12.520 --> 1:23:13.599 My name is David? 1:23:13.920 --> 1:23:16.040 David? All right, David? What's going on? 1:23:16.479 --> 1:23:16.679 Yeah? 1:23:17.360 --> 1:23:21.639 Well, I'm I just joined you guys like I think 1:23:21.680 --> 1:23:27.799 it was like that three weeks ago, and man, man. 1:23:27.760 --> 1:23:28.519 I love you guys. 1:23:28.520 --> 1:23:31.000 Man you you guys, do good do good work. 1:23:31.000 --> 1:23:34.160 I'm telling you, man, appreciate appreciate that. Brad. 1:23:34.760 --> 1:23:41.120 Yeah, I joined the trade. I'm just asking like a 1:23:41.160 --> 1:23:44.400 question right now, because I Giant trade a few a 1:23:44.479 --> 1:23:48.160 few months back, right, a few months back. 1:23:48.200 --> 1:23:48.320 Now. 1:23:48.320 --> 1:23:55.280 It's like I say, like six months or so, and 1:23:55.439 --> 1:23:59.040 when I go and I I I I Giant with 1:23:59.600 --> 1:24:07.400 five ones dollars, okay, and you end up that I 1:24:07.400 --> 1:24:09.400 I earned a lot on that. I earned like, uh, 1:24:10.680 --> 1:24:14.920 probably five hundred dollars because when when I when I 1:24:14.960 --> 1:24:17.800 when I go and check on it, it was out 1:24:17.840 --> 1:24:23.880 of thousand dollars. And what I want to ask you, guys, 1:24:24.000 --> 1:24:26.640 if I want to say, say I want to. 1:24:28.160 --> 1:24:33.080 Like make exit, how do I go outboard doing that? 1:24:33.840 --> 1:24:35.759 How do you exit out it out of your brokerage 1:24:35.800 --> 1:24:41.640 account or your trade trade? So you sell it? 1:24:41.840 --> 1:24:44.280 You bought stock or like what you do stock option? 1:24:44.760 --> 1:24:45.519 I brought them stock. 1:24:45.600 --> 1:24:46.280 I bought them stock. 1:24:46.400 --> 1:24:51.160 Yeah, so you just sell Yeah go to the cell feature. 1:24:52.080 --> 1:24:52.840 Yeah, just sell it. 1:24:53.920 --> 1:24:55.000 I'm really new to this. 1:24:55.120 --> 1:24:55.839 I don't really. 1:24:55.800 --> 1:24:58.320 As I'm gonna help you out since you knew, don't 1:24:58.320 --> 1:25:00.320 even worry about selling it this whole go on to 1:25:00.439 --> 1:25:01.559 what what company was it? 1:25:02.920 --> 1:25:04.600 Uh? 1:25:05.200 --> 1:25:17.960 It was it was game Stop. Uh, game Stop, Lawrence, 1:25:17.960 --> 1:25:19.439 I'll let you, I'll let you take this one. What 1:25:19.920 --> 1:25:20.920 do you think about game Stop? 1:25:21.600 --> 1:25:24.120 Uh? 1:25:24.520 --> 1:25:28.360 I mean so the real technical reason why game Stop 1:25:28.400 --> 1:25:31.360 is up as much is it's a low amount of shares. 1:25:32.240 --> 1:25:34.639 You had a lot of institutions who shortened the stock. 1:25:35.760 --> 1:25:39.960 In my opinion, I would sell game Stop, so I 1:25:39.960 --> 1:25:42.640 would go ahead and take the profits. I know a 1:25:42.640 --> 1:25:44.800 lot of people said it's going to a thousand and 1:25:44.840 --> 1:25:47.080 this and that, but you know, I don't want to 1:25:47.600 --> 1:25:51.320 rain on anybody's parade. But that ain't happening, So yeah, 1:25:51.479 --> 1:25:53.800 I would sell it. I think you said you're in 1:25:54.000 --> 1:25:58.519 the trade, yeah, trade. Yeah, So I would go open 1:25:58.600 --> 1:26:03.040 up and actually hit open order I had to sell. 1:26:04.000 --> 1:26:06.679 And actually, if you want to even call the broker, 1:26:06.840 --> 1:26:09.439 you can actually call customer service, get a broker on 1:26:09.479 --> 1:26:12.240 the line, and the broker can actually that transaction for 1:26:12.360 --> 1:26:15.360 you and go ahead and clear that. So if you 1:26:15.400 --> 1:26:17.960 don't know how to do it, just call the customer service, 1:26:18.280 --> 1:26:21.280 say can I speak a broker? Get the broker on 1:26:21.320 --> 1:26:23.600 the line and tell them and they'll go ahead and 1:26:23.640 --> 1:26:27.559 execute and sell those off. So I will just that's 1:26:27.560 --> 1:26:29.720 what I would say to do. And then in the meantime, 1:26:30.720 --> 1:26:33.479 make sure that you're tapping in here and we'll go 1:26:33.520 --> 1:26:36.519 over you know, order execution and things to really kind 1:26:36.520 --> 1:26:39.400 of help some people out, because I realized the biggest 1:26:39.400 --> 1:26:41.840 thing is a lot of people know what moves they 1:26:41.880 --> 1:26:44.880 want to make, but as far as the actual execution. 1:26:45.680 --> 1:26:47.559 So that's what I'll be here for to help with 1:26:47.640 --> 1:26:50.080 that execution. So make sure you're tapping in here as 1:26:50.160 --> 1:26:51.479 much as Fay. 1:26:51.520 --> 1:26:55.240 David appreciate you, appreciate you. And that's another thing too. 1:26:55.240 --> 1:26:57.679 I'm glad you said that the customer service is really good, 1:26:57.960 --> 1:27:01.200 like really really good. I had some issues with td 1:27:01.280 --> 1:27:02.720 e ver trade d Han me on hold for like 1:27:02.760 --> 1:27:06.920 two hours. Once each trade. They respond either through email 1:27:07.080 --> 1:27:09.120 or like they'll send you a message to text or 1:27:09.120 --> 1:27:12.840 something like that pretty pretty fast, pretty fast. So shout 1:27:12.960 --> 1:27:16.400 to you. All right, let's go to yas me. Shout 1:27:16.400 --> 1:27:19.880 out to uh Brandy and David. Yes, me and were 1:27:19.880 --> 1:27:22.599 coming to you. Tout yourself. You've been immuta, what's going on? 1:27:23.840 --> 1:27:26.519 I can hear you. 1:27:26.520 --> 1:27:29.479 What's going on? Okay, wait, hold on, hold on, you 1:27:29.520 --> 1:27:30.719 got you got the background. 1:27:30.760 --> 1:27:32.920 You gotta turn you gotta turned down a little bit, 1:27:32.920 --> 1:27:34.120 turn down a little bit. 1:27:35.360 --> 1:27:35.679 Sorry. 1:27:37.120 --> 1:27:40.960 So just like uh, I can't get selected that quick. 1:27:42.080 --> 1:27:45.400 So just like the other guy, I'm. 1:27:44.760 --> 1:27:47.000 New to the e y L. 1:27:47.160 --> 1:27:50.599 I appreciate you guys so much and I look forward 1:27:50.680 --> 1:27:54.280 to uh Laurence teaching us because that's exactly what my 1:27:54.360 --> 1:27:58.760 question was, is that I download greeble and coin days 1:27:59.040 --> 1:28:02.639 to start with, but I don't know what to do, 1:28:02.720 --> 1:28:04.480 so I'm gonna be probably. 1:28:07.439 --> 1:28:09.000 That's that's perfect. You in the perfect place. 1:28:09.240 --> 1:28:12.360 Execute, Yeah, are. 1:28:12.360 --> 1:28:14.240 In a perfect I said, you're in a perfect place. 1:28:14.760 --> 1:28:21.880 And so you have an account open already. 1:28:17.960 --> 1:28:20.360 All you chopping up? 1:28:21.040 --> 1:28:21.679 Okay? Perfect? 1:28:22.640 --> 1:28:22.800 There. 1:28:22.880 --> 1:28:23.479 I'm ready to. 1:28:25.960 --> 1:28:31.360 Give rid of Coinbase, I heard, and now. 1:28:31.320 --> 1:28:33.200 I'm like, that's actually where I put most of my money. 1:28:33.200 --> 1:28:34.960 So I'm like, how do I get out of there 1:28:35.120 --> 1:28:37.840 and transfer it to web or someplace else. 1:28:38.160 --> 1:28:38.400 Yeah. 1:28:38.439 --> 1:28:42.799 So one of the biggest things, and definitely I'll definitely 1:28:42.800 --> 1:28:45.040 be bringing this to the university as well too, is 1:28:45.240 --> 1:28:48.759 making sure that you have a ledger. Like I stress 1:28:48.800 --> 1:28:53.120 the importance of leaving no crypto on any platform, Coinbase, crypto, 1:28:53.200 --> 1:28:56.080 dot com. It doesn't matter the name of the platform. 1:28:56.640 --> 1:28:58.840 You need to make sure that you have your own 1:28:59.040 --> 1:29:02.960 cold storage wallet and secure it on there. You don't 1:29:02.960 --> 1:29:05.679 want to leave it on any platform. I've seen year 1:29:05.720 --> 1:29:08.439 after year since I've stepped into the crypto space in 1:29:08.520 --> 1:29:13.519 twenty seventeen, I've seen year after year people getting accounts hacked, 1:29:13.720 --> 1:29:17.760 people taking people's money, and it's not It's just not right. 1:29:18.160 --> 1:29:21.600 So do not buy a ledger from Amazon. Only on 1:29:21.680 --> 1:29:24.559 ledger dot com. And that's something that I'll be bringing 1:29:24.560 --> 1:29:27.200 to the University of making sure that we're properly securing 1:29:27.240 --> 1:29:33.040 our crypto. So yeah, thank you guys, appreciate you as me. 1:29:33.120 --> 1:29:36.360 Have a good night and happy holidays. 1:29:36.560 --> 1:29:42.360 All right, Let's see, let's see, let's see how many 1:29:42.400 --> 1:29:43.840 more do you want to do? Man, let's go to 1:29:43.880 --> 1:29:46.599 Tierra Tira. I'm coming to you. I hope you ready. 1:29:46.680 --> 1:29:49.720 I'm mute yourself. You've been unmuted, Tea. What's going on? 1:29:51.040 --> 1:29:52.720 How y'all doing this? 1:29:52.760 --> 1:29:54.559 Is so exciting to be on here right now with 1:29:54.640 --> 1:29:55.040 you guys. 1:29:55.120 --> 1:29:58.760 I am just want to appreciate everything you do. I've 1:29:58.760 --> 1:29:59.600 been training. 1:29:59.320 --> 1:30:01.800 Options for little bit and I know we talked a 1:30:01.800 --> 1:30:04.760 little bit about the Greeks, but I was wondering if 1:30:04.760 --> 1:30:06.360 we can go into it a little more. 1:30:08.160 --> 1:30:09.960 Yeah, so o, pad's ready, here we go. 1:30:10.760 --> 1:30:12.880 Yeah, so let's let's get let's get into it. So 1:30:13.320 --> 1:30:15.400 all right, so you got delta. So delta is the 1:30:15.439 --> 1:30:18.480 amount per dollar that you make when the option increases. 1:30:18.600 --> 1:30:21.160 Data is the time decay. Data is the amount that 1:30:21.200 --> 1:30:24.120 you pay per day to actually hold that option. So 1:30:24.160 --> 1:30:27.760 the twenty twenty four call options have less data. So 1:30:27.800 --> 1:30:30.960 the thing is is that when you're losing money because 1:30:31.000 --> 1:30:34.160 of data. So this is why when you buy option. 1:30:34.280 --> 1:30:36.400 Let's say you buy a call option on Apple at 1:30:36.400 --> 1:30:39.800 one seventy and let's say Apple goes down to two 1:30:39.880 --> 1:30:42.559 dollars to one sixty eight, and then it comes back 1:30:42.640 --> 1:30:44.800 up to one seventy, some people think that they're going 1:30:44.840 --> 1:30:47.400 to be back to even. That ain't gonna happen. The 1:30:47.479 --> 1:30:50.040 stock is actually going to have to go to potentially 1:30:50.040 --> 1:30:53.200 maybe like one seventy one. One's seventy point five for 1:30:53.320 --> 1:30:56.920 you to actually be back at even now. The thing 1:30:57.040 --> 1:30:59.240 is that the main Greeks that you want to focus 1:30:59.280 --> 1:31:03.120 on is that in the money options actually have higher deltas. 1:31:03.560 --> 1:31:07.000 In the money options have higher deltas and lower data. 1:31:07.520 --> 1:31:11.240 Out the money options have higher thetas and lower deltas. 1:31:12.240 --> 1:31:14.479 So that is one of the main things that you 1:31:14.520 --> 1:31:16.840 want to focus on. Now other Greeks that we want 1:31:16.880 --> 1:31:20.400 to talk about, we want to talk about Vega. Vega 1:31:20.880 --> 1:31:25.799 actually is what makes up implied volatility. Implied volatility is IV, 1:31:26.640 --> 1:31:29.439 So people make money off of options. So for example, 1:31:29.520 --> 1:31:33.240 Troy's options that he had on AMD to seventy five call, 1:31:33.840 --> 1:31:37.280 he made money not just because amb's stock price increased, 1:31:37.280 --> 1:31:41.679 but also the IV increase. What makes up IV, which 1:31:41.720 --> 1:31:45.960 is also equivalent to vega, it's actually demand, what makes 1:31:46.040 --> 1:31:51.439 up demand, demand, open interests. I will say this open 1:31:51.479 --> 1:31:55.160 interest in volume, This is really key. Open interest in 1:31:55.280 --> 1:31:59.479 volume actually makes up demand. So I tell people this, 1:32:00.080 --> 1:32:03.400 lot of times demand will actually bid up and actually 1:32:03.479 --> 1:32:07.360 push your options contracts value up higher. So you have 1:32:07.479 --> 1:32:12.120 open interest, you have volume. These things tie in with vega, 1:32:12.479 --> 1:32:16.479 which is IV. Vega is a Greek. I tell people 1:32:17.240 --> 1:32:19.800 that this is really really important for us to be 1:32:19.840 --> 1:32:25.360 paying attention and watching. Vega is key is a key Greek. 1:32:25.800 --> 1:32:29.160 Delta is a key Greek. Theta is a key Greek. 1:32:29.560 --> 1:32:33.439 And then also you have gamma. So gamma when you 1:32:33.520 --> 1:32:36.880 take a look, gamma is what actually influences the change 1:32:36.920 --> 1:32:41.120 of price of delta. So gamma actually influences that. So 1:32:41.160 --> 1:32:44.040 when you hear people say, oh, a gamma squeeze is 1:32:44.040 --> 1:32:46.840 about to happen, this is where I say a lot 1:32:46.880 --> 1:32:50.240 of times, gamma squeeze comes when stock prices push up 1:32:50.479 --> 1:32:53.320 and a gamma squeeze and push that delta actually higher. 1:32:53.840 --> 1:32:56.759 So this is key when paying attention to the Greeks. 1:32:56.760 --> 1:32:59.040 The quickest way to really understand the Greeks is when 1:32:59.080 --> 1:33:02.880 you buy in the money options, you actually have less data. 1:33:03.560 --> 1:33:07.040 And so where like, who actually makes money off of data? 1:33:07.400 --> 1:33:10.120 People who sell options. So this is key. I'm gonna 1:33:10.160 --> 1:33:12.320 give this gym away. People who have more than one 1:33:12.360 --> 1:33:16.640 hundred shares of any company can actually sell options and 1:33:16.680 --> 1:33:19.679 they make money off of data. So when you're losing 1:33:19.760 --> 1:33:23.160 value because of data, understand that the seller is actually 1:33:23.200 --> 1:33:27.200 making money. Which is why what I tell people when 1:33:27.320 --> 1:33:30.880 options expire worthless, there was a winner. The winner was 1:33:30.920 --> 1:33:35.400 the seller. So option contracts when you buy are actually 1:33:35.520 --> 1:33:40.000 theata negative. But actually when you're a seller of options, 1:33:40.000 --> 1:33:43.360 there theta positive. So what does that mean? So theta 1:33:43.479 --> 1:33:47.679 positive means that you actually gain value from actually selling 1:33:47.760 --> 1:33:51.240 options when the strike price when you actually go further away. 1:33:51.360 --> 1:33:53.799 So this is kind of like giving you an idea 1:33:53.800 --> 1:33:55.960 of the Greeks. We're going to talk about in the 1:33:56.000 --> 1:33:58.560 money and out the money options a lot here at EYL. 1:33:58.800 --> 1:34:01.639 So yeah, yeah, like cover calls and spreads and things 1:34:01.680 --> 1:34:04.599 like that. That's more of an advanced conversation. But yeah, 1:34:04.640 --> 1:34:05.920 I mean he giving you the game already. 1:34:06.240 --> 1:34:07.160 There you have it. 1:34:07.600 --> 1:34:09.679 Ladies and gentlemen, you can tell you knows this stuff 1:34:09.720 --> 1:34:11.680 because that stuff that you know, he. 1:34:11.840 --> 1:34:13.800 Just thank you to off the top of his head. 1:34:13.800 --> 1:34:17.160 It's not like he's like reading the script, so you know, 1:34:17.360 --> 1:34:20.680 going through all of those Greeks and giving detailed explanations. 1:34:20.680 --> 1:34:22.920 Got to really study this stuff, so, you know, obviously 1:34:23.040 --> 1:34:28.120 dedicated a lot of time to learning the language of investing. 1:34:28.360 --> 1:34:31.000 Very very important. So let's get one more question before 1:34:31.000 --> 1:34:32.200 we before we rather do it. 1:34:32.400 --> 1:34:35.360 Like he's really twenty two, No, he's he's really twenty two. Yeah, 1:34:35.760 --> 1:34:39.920 he's really twenty two. Let's go to let's do this. 1:34:40.000 --> 1:34:43.400 Let's go to Wesley. Wesley, were coming to you. Mute yourself, 1:34:43.400 --> 1:34:46.080 you've been unmuted. What's going on? No fridg breaks. It's 1:34:46.120 --> 1:34:48.920 going on at ten o'clock hour in New York, No 1:34:49.040 --> 1:34:49.840 Fridz breaks. 1:34:50.360 --> 1:34:52.160 Yeah, that's it going, guys, what's. 1:34:51.960 --> 1:34:52.640 Going It's going on? 1:34:52.640 --> 1:34:56.559 Wesley's going. You know, I definitely appreciate y'all. You know, 1:34:56.560 --> 1:35:00.639 I caught the Black Friday sale, so I'm fairly new. 1:35:00.800 --> 1:35:03.639 I'm trying to trying to catch up. You know, definitely 1:35:03.640 --> 1:35:07.519 what the breaker guys got going. So my question is 1:35:08.400 --> 1:35:11.200 with the clash, Lawrence is going to be doing, you know, 1:35:11.800 --> 1:35:14.800 is he going to be like starting uh, like from 1:35:14.840 --> 1:35:16.720 the beginning as far as like I know, I know 1:35:16.800 --> 1:35:18.600 you guys are doing like stock after today, which is 1:35:18.640 --> 1:35:21.519 more like advanced people have been people that has been trading. 1:35:21.560 --> 1:35:23.080 But are you guys looking to do. 1:35:24.560 --> 1:35:27.040 Like like the like the beginning part of it, like 1:35:27.120 --> 1:35:30.000 you know, like stocks, and then you know, moving on 1:35:30.160 --> 1:35:33.479 up like as each class goes along like that. 1:35:33.920 --> 1:35:36.160 I'll take the first part and then I'll let Lawrence answer. 1:35:36.200 --> 1:35:38.679 So part part of it is that we have a club. 1:35:38.760 --> 1:35:41.479 So we have an investment club, a stock club, and 1:35:41.479 --> 1:35:43.720 so he's part of that as well. And so it's 1:35:43.760 --> 1:35:46.639 a whole community of people that are learning on the fly. 1:35:47.040 --> 1:35:49.320 And it depends on what stage you're at. And there's 1:35:49.320 --> 1:35:51.120 a lot of people who at beginning stage, like you 1:35:51.120 --> 1:35:53.840 said you are, so it becomes a community inside that 1:35:53.880 --> 1:35:57.479 community that people giving information and helping you along the way. 1:35:57.800 --> 1:35:59.680 Obviously Lawrence is going to be there as well. I'll 1:35:59.720 --> 1:36:01.640 let him talk about what he'll be doing. But you 1:36:01.720 --> 1:36:03.920 got to remember the community aspect of it too. Somebody 1:36:04.040 --> 1:36:06.599 is sitting in front of their computer right now, sitting 1:36:06.560 --> 1:36:09.120 in front of the TV right now, with the same 1:36:09.160 --> 1:36:11.760 thought process, like I'm the beginning, and so when like 1:36:11.840 --> 1:36:15.160 minded people come together as as an individual as a 1:36:15.200 --> 1:36:18.439 collective community, it's it's a very special thing here. 1:36:19.040 --> 1:36:21.439 But yeah, but I'm sure it's gonna be different classes too, 1:36:21.479 --> 1:36:23.400 so you know, it might be a beginning it's definitely 1:36:23.400 --> 1:36:26.400 probably gonna be a beginner's class, like you know, a 1:36:26.479 --> 1:36:30.040 beginner's class, a charting one O one class like you know, 1:36:30.080 --> 1:36:33.120 because everybody's at different stages, so you know, a mix 1:36:33.360 --> 1:36:37.879 a mix of you know, events and then also beginning 1:36:37.960 --> 1:36:38.679 level as well. 1:36:38.920 --> 1:36:41.439 Yeah, because I say that because like because right now 1:36:41.800 --> 1:36:45.240 I mostly have I'm mostly invested in crypto and now 1:36:45.240 --> 1:36:47.679 I'm looking to you know, step into like doing stocks 1:36:47.680 --> 1:36:49.280 as well, because you're not just been taking a lot 1:36:49.280 --> 1:36:53.800 of notes, especially from the last market Monday class, you know, 1:36:53.840 --> 1:36:55.920 with like with the ETFs and the stocks that you know, 1:36:56.000 --> 1:36:58.720 you guys are heavily invested in. So I definitely got 1:36:58.720 --> 1:37:01.840 my notes and you know, looking to you know, like 1:37:02.240 --> 1:37:04.040 keep like keep up, keep up with the train, you 1:37:04.040 --> 1:37:06.840 know what I'm saying, you know, along along with everything else, 1:37:06.880 --> 1:37:08.439 you know, because I do have kids, and I'm looking 1:37:08.439 --> 1:37:12.519 to make sure that their future is definitely looking bright, 1:37:12.640 --> 1:37:15.160 you know, as I'm making, you know, these these moves, 1:37:15.280 --> 1:37:17.120 and I'll be able to teach them along the way, 1:37:17.439 --> 1:37:17.880 so you know. 1:37:18.040 --> 1:37:20.160 So that's that's why Jany just text me. 1:37:20.200 --> 1:37:23.800 She said, Wednesday's classes will be for beginners Tesdays. 1:37:24.360 --> 1:37:27.080 Yeah, Wednesday, Wednesdays one on one. 1:37:27.400 --> 1:37:28.840 Wednesdays, all right, cool? 1:37:29.040 --> 1:37:32.680 Oh yeah, and last thing, you know, I'm definitely from 1:37:32.720 --> 1:37:35.080 New York. You know, I've met you guys back in 1:37:35.160 --> 1:37:37.839 like twenty nineteen. You know, shot this b from Dykeman 1:37:38.120 --> 1:37:40.160 when you guys pulled up. I definitely filmed, like the 1:37:40.240 --> 1:37:42.800 interview when you guys pulled up, I wasn't I wasn't 1:37:42.840 --> 1:37:45.000 too sure like what you guys were up but doing 1:37:45.040 --> 1:37:47.400 because like I filmed for Dykman as far as like 1:37:47.479 --> 1:37:49.680 basketball and then it's be pulled me and says it 1:37:49.800 --> 1:37:51.840 like yo, you know, like She's like, yo, commit flash, 1:37:51.880 --> 1:37:53.479 I got early leads and early leads. I'm like, who 1:37:53.479 --> 1:37:55.519 are these guys. She's like, oh, you know these guys 1:37:55.600 --> 1:37:58.800 doing the financial literacy podcast d D. I don't know 1:37:58.920 --> 1:38:01.760 what she was really talking about out, but now I'm 1:38:01.760 --> 1:38:02.599 like fully investing. 1:38:02.640 --> 1:38:05.360 I'm like, damn, Like that's that's crazy. 1:38:05.400 --> 1:38:07.160 So you know, I definitely should you guys here, you know, 1:38:07.280 --> 1:38:09.519 and I appreciate y'all man for appreciate you. 1:38:10.479 --> 1:38:13.400 Appreciate y'all, appreciate you bro and shout out to Dykeman 1:38:14.640 --> 1:38:17.120 Fact and we actually got some some stuff that we're 1:38:17.120 --> 1:38:20.800 working on with Dykeman. So yeah, yeah, it's gonna be 1:38:20.840 --> 1:38:21.639 gonna be a good summer. 1:38:21.960 --> 1:38:24.160 Laurens, we didn't give you a chance to answer ahead. 1:38:24.760 --> 1:38:28.519 Oh no, you got Janet said it. So really Monday 1:38:28.600 --> 1:38:32.000 is I'm really making it? Really, I'll probably say more advanced, 1:38:32.640 --> 1:38:35.479 and then on Wednesday, definitely for the beginners investing one 1:38:35.479 --> 1:38:38.200 on one while the market is open, definitely a little 1:38:38.200 --> 1:38:41.120 bit more advanced, showing you guys the charts, showing you 1:38:41.160 --> 1:38:43.240 pretty much like you know, the things to watch during 1:38:43.240 --> 1:38:45.960 the day while the markets are open, and really going 1:38:46.000 --> 1:38:48.200 through some procedures out of some of the things that 1:38:48.200 --> 1:38:52.280 I keep throughout the day, and then also investing one 1:38:52.280 --> 1:38:54.320 on one the classes to get you started from the beginning. 1:38:54.360 --> 1:38:57.560 So we'll be reading that book, charting a technical analysis, 1:38:57.560 --> 1:39:00.000 We'll be going through a lot of things. So definite. 1:39:01.400 --> 1:39:02.320 There you have it, Lady. 1:39:02.600 --> 1:39:08.160 Just appreciate you. You got you know, Lawrence, what is 1:39:08.240 --> 1:39:10.519 my bad bro? What is what's your Instagram? Because I'm 1:39:10.520 --> 1:39:12.480 sure a lot of people want to follow your instagram. 1:39:13.080 --> 1:39:16.360 Yeah, so it's mister Lawrence dot E. So m R 1:39:16.920 --> 1:39:19.479 L A W R E n C E dot e. 1:39:20.080 --> 1:39:23.840 That is my only page. My only page, So any 1:39:23.880 --> 1:39:27.200 other phase has made Like you know, these scammers are active. 1:39:27.280 --> 1:39:30.439 So I think right now I have like seventeen thousand, 1:39:30.560 --> 1:39:33.960 one hundred followers. So that's my page there. The last 1:39:33.960 --> 1:39:37.280 post was the fly for tonight, so definitely that is 1:39:37.320 --> 1:39:37.959 my page. 1:39:38.800 --> 1:39:41.680 No, I appreciate you so much, bro, thank you for 1:39:42.240 --> 1:39:44.880 doing this and and thank you for you know, being 1:39:44.880 --> 1:39:46.920 a light for the community, and thank you for joining 1:39:47.000 --> 1:39:48.080 eyl University. 1:39:48.720 --> 1:39:50.120 Something that I'm looking forward to. 1:39:50.240 --> 1:39:52.840 Like I said, we already had the investment arm, but 1:39:53.320 --> 1:39:55.439 you know, just adding more to it. That's you always 1:39:55.439 --> 1:39:58.920 we always investing in EYO university and just adding more 1:39:58.920 --> 1:40:01.080 to it and just trying to make it, you know, 1:40:01.439 --> 1:40:05.280 as prominent as possible. So it's definitely gonna be something 1:40:05.320 --> 1:40:08.280 that's gonna be beneficial to all the earnest. Once again, if 1:40:08.280 --> 1:40:11.320 get interested, all the classific university get archived, they all 1:40:11.320 --> 1:40:16.120 get safe to the website real estate credit financial planning 1:40:16.160 --> 1:40:21.760 called book Club, Movie Club, Facebook group. It's really just 1:40:21.800 --> 1:40:25.120 a dope vibe and of course of course investing. So 1:40:25.200 --> 1:40:28.720 Lawrence will be doing the Monday trading class and then 1:40:28.760 --> 1:40:30.080 the Wednesday beginning class. 1:40:30.120 --> 1:40:33.439 So it's just so much stuff going on right now. 1:40:33.479 --> 1:40:34.679 Crypto forgot about Crypto. 1:40:35.479 --> 1:40:38.320 They were telling Wesday joined the Crypto Club is on 1:40:38.360 --> 1:40:38.679 the chain. 1:40:38.680 --> 1:40:41.360 We're in the age of information right now, so it's 1:40:41.439 --> 1:40:43.000 important that you educate yourself. 1:40:43.479 --> 1:40:45.000 It's extremely, extremely important. 1:40:45.000 --> 1:40:46.479 So once again, if you're going, if you want to 1:40:46.479 --> 1:40:48.920 do that, we gotta sell the last sale of the year, 1:40:49.920 --> 1:40:54.559 sixty forty eight hours sale and yeah, that's that's good 1:40:54.560 --> 1:40:57.639 for the whole year from the time that you get 1:40:57.640 --> 1:41:00.200 it for twelve months and then it renews at the 1:41:00.240 --> 1:41:06.880 twelve months. So once again, brother Lawrence, thank you so much. 1:41:06.960 --> 1:41:11.040 Ey l Lawrence, thank you so much. Anything that's anything 1:41:11.040 --> 1:41:11.840 that you would like to say. 1:41:12.720 --> 1:41:17.280 Ah, man, I mean just honestly, man, it's just really 1:41:17.280 --> 1:41:19.760 a surreal moment. This is like you know when they 1:41:19.800 --> 1:41:21.599 say were like kind of like walking to your purpose, 1:41:21.680 --> 1:41:24.320 Like this is everything. This means a lot to me 1:41:24.840 --> 1:41:27.640 just being a part of community like this. So, uh, 1:41:27.840 --> 1:41:31.400 you know, I'm excited. I'm ready to take on the responsibility. 1:41:31.400 --> 1:41:34.080 And like I said, I'm excited. I'm looking forward to 1:41:34.160 --> 1:41:37.360 January third, kicking things off of the Bang twenty twenty two, 1:41:37.400 --> 1:41:40.160 a lot of big things coming. And just continue to 1:41:40.200 --> 1:41:42.960 grind and focus. Guys, all you are is just like 1:41:43.000 --> 1:41:46.360 one step away from literally changing your life. And that's 1:41:46.400 --> 1:41:48.840 just the way I look at everything. So continue to 1:41:48.880 --> 1:41:54.080 stay focused, continue to perseverere and focus about being focused, 1:41:54.200 --> 1:41:59.679 like being around positive energy, positive mindsets, and just continue 1:41:59.680 --> 1:42:00.720 to rise above me. 1:42:00.840 --> 1:42:01.200 Were in this. 1:42:01.320 --> 1:42:02.160 So that's it. 1:42:02.720 --> 1:42:03.080 That's it. 1:42:03.160 --> 1:42:05.400 And yeah, the price of the renewal is the same 1:42:05.439 --> 1:42:07.719 when you join, so it's better to get it earlier 1:42:07.720 --> 1:42:09.200 because you know, the price goes like a stock. 1:42:09.280 --> 1:42:11.040 But once you locked in, you locked in for life. 1:42:12.560 --> 1:42:15.560 And I want to just wish everybody a happy holidays. 1:42:15.640 --> 1:42:23.479 Whatever you celebrate, If you celebrate anything, Kwanzah, Christmas, what 1:42:23.600 --> 1:42:31.479 other holidays are there? Honikahash, New Year's, Happy New Years, 1:42:31.920 --> 1:42:33.880 all of that stuff. Man, you know, just you know, 1:42:33.960 --> 1:42:37.639 have have a safe time. Be safe out here. Corona 1:42:37.760 --> 1:42:40.600 is definitely running rampant in the streets right now, so 1:42:41.360 --> 1:42:45.559 be safe. And yeah, the last thing that we'll do 1:42:45.720 --> 1:42:49.200 for the year is tomorrow with our boy t. I 1:42:49.240 --> 1:42:52.080 shout out to tip uh and no, Lawrence, you got 1:42:52.080 --> 1:42:55.760 to chop it out with him yesterday, so shout out, shout. 1:42:55.439 --> 1:42:58.519 Out the tip Man. Good, good dude. 1:42:58.600 --> 1:43:02.840 So check out at Sets Overliabilities on Revolts YouTube channel 1:43:02.880 --> 1:43:07.400 tomorrow at five o'clock. That's a dope episode, dope conversation 1:43:07.520 --> 1:43:09.880 with my boy t I. And make sure you check 1:43:09.920 --> 1:43:11.880 out O our episode of E y L that's out 1:43:11.960 --> 1:43:13.719 right now for this week. It's just me and Troy 1:43:14.280 --> 1:43:17.160 Market mondays. Of course, make sure you binge watch Market 1:43:17.160 --> 1:43:21.640 Monday shouts I make sure you watch this replay. This 1:43:21.680 --> 1:43:24.680 will also be on podcast outlets Apple, Spotify. 1:43:25.720 --> 1:43:25.920 Ah. 1:43:26.840 --> 1:43:28.320 So yeah, man, we got we got a lot of 1:43:28.320 --> 1:43:32.200 stuff planned. Twenty twenty two is around the corner, so 1:43:32.360 --> 1:43:35.479 the year is not over. It's still some time. You know, 1:43:35.520 --> 1:43:37.759 you're gonna grind. You gotta grind to the end. Grind 1:43:37.840 --> 1:43:40.080 to the end. Will also take some time to reflect, 1:43:40.760 --> 1:43:44.479 take some time to just you know, plan your vision 1:43:44.560 --> 1:43:49.840 board for for the next year, not just finances, your 1:43:49.920 --> 1:43:53.160 vision board for your health, your vision board for your family, 1:43:53.600 --> 1:43:56.480 your vision your vision board for your you know, your spirituality. 1:43:56.600 --> 1:43:59.360 Everything is very important. So you know, this is this 1:43:59.400 --> 1:44:02.160 is a perfect that just you know, take a moment, 1:44:02.760 --> 1:44:08.320 look at what happened this year. Positive, negative, reevaluate the situation, 1:44:09.479 --> 1:44:14.280 move forward, stay positive, Stay in the light, Stay in 1:44:14.280 --> 1:44:14.679 the light. 1:44:15.280 --> 1:44:15.960 Stay in the light. 1:44:16.080 --> 1:44:17.439 Most of I feel amazing. 1:44:17.479 --> 1:44:20.360 Stay away from negativity, Stay away from negative. 1:44:20.400 --> 1:44:22.000 Don't let it into your animatrid. 1:44:22.640 --> 1:44:25.960 It's extremely important to stay away from negative energy. 1:44:27.920 --> 1:44:29.759 Yeah. Man, let's just continue to prosper. 1:44:30.160 --> 1:44:32.880 Yeah, let's grow, let's build, let's achieve. 1:44:34.479 --> 1:44:36.040 Oh yeah, shout out to Wall Street Trapper. 1:44:36.080 --> 1:44:38.720 He's gonna be on Ellen tomorrow, right tomorrow, So make 1:44:38.760 --> 1:44:39.679 sure you check that out. 1:44:41.000 --> 1:44:43.200 I don't know what you know? Does that come on NBC? 1:44:43.600 --> 1:44:47.599 NBC check out Ellen tomorrow? Uh with Wall Street Trapper. 1:44:47.720 --> 1:44:51.200 Salute to him. That's gonna be that's gonna be fire. Yeah, 1:44:51.560 --> 1:44:52.839 it looks like us now. 1:44:54.280 --> 1:44:58.719 Facts facts, all right, Well they have it, ladies and gentlemen. 1:44:58.720 --> 1:45:01.800 Holiday season, y'all. In the season that doesn't just mean 1:45:01.880 --> 1:45:06.400 give gifts, give time, reach out, call somebody, one conversation, 1:45:06.600 --> 1:45:10.559 one text message can change the trajectory of someone's life. 1:45:10.840 --> 1:45:12.679 Like I really mean that, because we've seen it happen 1:45:13.160 --> 1:45:15.280 over and over again. So please I encourage you to 1:45:15.360 --> 1:45:18.360 do that and and again. Be safe, Be safe. I 1:45:18.360 --> 1:45:21.519 know a lot of people I have caught corona over 1:45:21.520 --> 1:45:23.240 the past couple of weeks, So prayers up to them 1:45:23.240 --> 1:45:25.640 and their families. Uh, and love is love, man. We 1:45:25.720 --> 1:45:27.840 will see y'all. We will see y'all. We're gonna be safe. 1:45:27.920 --> 1:45:28.400 Number one. 1:45:28.560 --> 1:45:30.040 And this this is the last thing that we're gonna 1:45:30.080 --> 1:45:32.599 do for the year. So drop your cash apps. Y'all 1:45:32.640 --> 1:45:35.240 stayed with us for almost two hours, for longer than 1:45:35.280 --> 1:45:35.799 two hours. 1:45:36.600 --> 1:45:37.559 Yeah, we're gonna do. 1:45:39.520 --> 1:45:42.360 It's the last thing, since this is the last live 1:45:42.439 --> 1:45:45.120 we're gonna have of a year, drop your cash apps 1:45:45.160 --> 1:45:49.000 if you're interested in that. All right, I'm a Oh 1:45:49.080 --> 1:45:50.559 YouTube doesn't work for cash apps? 1:45:50.640 --> 1:45:54.000 Right? Oh damn? So just to earn us, I guess 1:45:54.080 --> 1:45:57.200 so damn. I think they blocked it on YouTube, right, 1:45:57.240 --> 1:45:59.080 they said too many. You know what if they I 1:45:59.080 --> 1:46:00.840 think if they what they was the ones putting like 1:46:02.439 --> 1:46:04.400 super chats and they was putting their cash ups in there. 1:46:05.880 --> 1:46:06.880 Oh no, I see I see. 1:46:07.680 --> 1:46:10.560 Yeah, Jay, you're on YouTube. Take some some flicks so 1:46:10.600 --> 1:46:12.400 we can catch some people. I'm gonna take a picture 1:46:12.400 --> 1:46:13.720 of this right here so I can catch them with 1:46:13.720 --> 1:46:15.519 the earners is moving so far? All right? 1:46:15.840 --> 1:46:15.920 Now? 1:46:15.960 --> 1:46:19.320 They all right, So we'll be sending out some some 1:46:19.400 --> 1:46:22.479 holiday tightings. 1:46:23.280 --> 1:46:25.240 Tights like. 1:46:27.600 --> 1:46:29.160 Mm hmm, hold you over. 1:46:31.160 --> 1:46:33.360 We gotta send it out now. You got if you're shopping, 1:46:33.400 --> 1:46:37.960 you got like another day, two days, get it done. 1:46:38.760 --> 1:46:42.479 Yeah, all right, yeah, we got it. I see I 1:46:42.560 --> 1:46:44.400 see it on YouTube. So yeah, we're gonna pick some 1:46:44.400 --> 1:46:48.160 people from YouTube, a couple of earnest All right, ladies 1:46:48.200 --> 1:46:51.599 and gentlemen. So it's been a pleasure. Be safe, Lawrence, 1:46:51.680 --> 1:46:54.400 Thank you, dog, appreciate you. Safety all right, y'all. 1:46:57.240 --> 1:47:00.559 With robin Hood, not only can you trade individual stocks ETFs, 1:47:00.800 --> 1:47:04.640 you can also seamlessly buy and sell crypto at low costs, 1:47:04.920 --> 1:47:08.599 trade all in one place. Get started now on robin Hood. 1:47:08.640 --> 1:47:11.120 Trading crypto involves significant risk. Crypto trading is offered through 1:47:11.120 --> 1:47:13.360 an account with the Robert Hood Crypto LC. 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