Midweek Trade Ideas

Subscribe to Benzinga Options Newsletter

Episode Summary:

Coinbase $COIN drops on disappointing earnings reportAdding new stocks to our watchlist Buy or sell: LiveNation LYV

Guests:

Saagar Govil CEO of Cemtrex (Ticker: CETX)

Greg Crawford CEO of Quipt $QIPT

Jesse Kaylor, Elite Trading

Nic Chahine, author of the Benzinga Options Newsletter

Hosts:

Spencer Israel

Twitter: https://twitter.com/sjisrael

Aaaron Bry

Twitter: https://twitter.com/aaronbry5

Subscribe to all Benzinga Podcasts hereClick here for BENZINGA TRADING SCHOOL Get 20% off Benzinga PRO here Become a BENZINGA AFFILIATE and earn 30% on new subscriptions

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript

Can you hear us? Why are we running away to AB that is a great question. I don't understand. I, so one of our, our colleagues, Adam Partridge brought in a big bag of Halloween candy that was left over from his house. I was enamored by the bag and just go in through it. Um, but yeah, uh, Brohan had to physically dragged me away from the candy, but now I am here.

So without further ado, let's go ahead and get this show. Rolling. Bren says you could get hurt. You could hear me before. Great.

CEO, Jason. Razak here with us. The man, the myth, the legend Skeeter shifts on the power hour with us live today. Interesting different innovative company. You are alive.

we need a new intro. AB can we get a new intro? Yep. W w we'll get working on that. Spencer's we've got a jam packed show today. Uh, do you want to give us a rundown of our agenda for the day? Oh yes, I can do that because I wrote stuff down. Uh, we've got our first gas coming up in seven minutes at 12, 15 Eastern time.

Cigar global, the CEO of Centrix. Did I get that right? Yep. Okay. I just want to help you get out of the right seminars. Tickers seeds DX will be on at 1215, uh, Lena Alena, chin, head of IRR at newborn town at 1230. Uh, the CEO of quipped, Greg Crawford at 1245, Jesse Kaler from elite trading at one. And then Nick Shaheen from the author of the big thing, the options newsletter will be on the show at one 30.

We got a lot to talk about today. Let's start with, you know, I don't know. Where do you want to start? AB well, places I want to start, um, let's start with a nice little crypto update. Spencer's so as many of you may know. Bitcoin hit a brand new, all time high today. This was spurred by the CPI data that came out this morning.

So CPI came in hotter than expected showing, um, inflation and investors went and rushed to buy Bitcoin as an inflation hedge. So we had Bitcoin, uh, almost reach up to 69,000 up about 3.2, 6%. A theorem is up 2.14% nearing 5,000. So I'm looking for that as a big psychological level. Spencer, when a theory, um, hits 5,000, um, Shiba, Inu, and doge coin to dog related cryptocurrencies are down today in this sea of green.

So maybe that's showing that investors are leaving Sheba and dos to go buy Ethereum and Bitcoin. I don't know. Um, but overall good day for crypto so far, we will continue to watch crypto and see how it's performing today. Um, but since there's other stuff in the news, I want to talk about before we move on, though, I just want to mention, you can get some free Bitcoin ha.

Look at the screen, it says it right there. Go to Voyager, go to the app on your mobile device of your choice, whether to Android or iPhone or some other third OSTP, I'm not aware of down on the Voyager app in the app store, fund your account with a hundred bucks, make your first trade, and they'll give you $50 in BTC.

You should do it before Bitcoin goes to a million. I'm just saying that because then you'll be getting more bang for your buck, but that's just me. Okay. I know you have things on your mind today, Aaron. Yes, I do have things on my mind before we get to that though. I want to introduce a new little game noodle segment.

We have a new segment. Yeah. If you're like me and you grew up watching Pokemon as a kid, you know that the show used to do a thing called guests, that Pokemon, where they would give you the outline of a Pokemon. And you had to guess which one it was his name. Fine. You're right. It was named that Pokemon.

So we're going to do that with charts, name, that chart. This is the first one we're going to do. I'm going to go ahead and pull it up on screen. Uh, as you can see, this is a recent, uh, not, I, I have, again, I, this is an easy one. Yeah. We're going to start. We're going to, uh, well, it could be one of, one of several actually.

Um, and I don't know the answer can, so can, I guess AB you can guess this is a, this is an easy one. We're just going to start off easy and get more difficult as we do more iterations of this game. Oh, wait. I was not looking at the, the, the x-axis this, so this was from my high was October of last year. Oh yeah.

Chris, who's that Pokemon? That's the correct one. No, no, I'll wait. No, no. Wait, how, how far back does this chart out? Exactly. It goes further back then. Uh, wait, are we looking at that? That's October 20th of this year, correct? Uh, Cobra flash. Okay. I don't know why I thought that. Um, okay. Yes, the answer is on the shadow.

I would guess Brenda. Got it. Is what I'm thinking. Um, my guess is the same as his DW AAC, are we right? Yes. You are D whack right up $49 in the past month. Um, of course this was a spec, so it was trading around $10 for a very long time. And then once the merger was announced, the stock ran all the way up to about $170 before coming back down, currently trading right at $60.

Um, so congrats to Brenda who was the first correct? Guests are in the chat with D whack. Um, you know, we, we are going to do this more often, so we'll introduce, we have to give away prizes to bring saw was in the chat. We got to give away some schwag. I think Brent is right. Email us shows that bends and good.com.

I will get you hooked up with some free swag. Um, you know, maybe you pick out a hat or a t-shirt, but we will do this more. I will, uh, say the charts will get more difficult. So we started you off easy, but Brenda, don't, don't get used to getting such easy charts. Uh, yeah, that was a surprisingly easy one.

And maybe next time I'll do it and there'll be some totally obscure stop. Yeah, that barely trades. Okay. Wait, we got two minutes before first guests are running behind here. I know you have a rant like in your city. That, uh, even you've been talking to me about this stock today. Do you want to go get that out there now?

Or do you want, wait, yeah. Wait, we've only got a couple minutes, so let me just share my Benzing a pro I'll get it pulled up. Um, you're right, Spencer. This has been on my mind. So I've been watching live nation's stock, um, all week. And so live nation, of course, uh, the company that put on the, the Travis Scott concert that tragically ended, uh, with eight deaths.

And I've just been surprised that we haven't seen this stock, um, trade. I know necessarily the markets don't really care about that, but there've been about 30 lawsuits opened up against live nation and the company has a history of. Uh, safety problems in past concerts. Not only that, but Travis, Scott has a history of having safety problems in past concerts.

So for live nation, as a company to know we've had safety issues and Travis Scott who's at safety issues to not, um, do a better job of making sure, you know, all the, all the concert attendees were safe, taken care of. I mean, to me, that's just a big oversight, so we'll see. And in due time, what the outcome is of these lawsuits filed against live nation.

Uh, but to me, I'm surprised we didn't see this stock trading down 10%. I mean, I know the company reported earnings, uh, that, that were pretty good for the company. You know, what's interesting is the wa uh, the street doesn't a lot of times it doesn't really care about a little care about the lawsuits. If they end up being, uh, if they ended up implicating, I only care about like certain kinds of lawsuits, right?

Like they care about. Like when the DOJ sues you, they care about that. They care about like antitrust lawsuits. They don't, I I'm not saying it's right or wrong. It's just seems like it's the way it is. Um, you know, I can think of like every automaker has had major lawsuits, uh, Toyota with the airbags. I don't really think the street cared about that.

I, I think the street doesn't really care about product recalls. They don't really care about like wall suit risk, you know what, here's another one. Why don't you pull up the chart of match, match.com MTC gauge because they have a lawsuit going on, uh, right now, just when to trial or, or, or they're in jury selection, the proceedings have started, um, this is related to the founder.

Resewing assuming IAC because he's saying that, um, he, uh, misled them as far as the value of the company when he was buying them. But, um, Yeah, you don't, you don't see stocks react really to tool a lot of times to lawsuits. I'm not really sure why that is. I don't know. Well, yeah, there's some crazy theories being thrown out there about the concert, Spencer.

And I'm going to ask you, take it or leave it. The first one, um, being thrown out there is Travis. Scott is like a satanic devil worshiper. What are we talking about right now? That's look it up. That's the theory being thrown out there. I'm asking you to take it or leave it. Uh, I don't need, well, I don't even know who he is, so I like, I leave it.

I don't know here. The article from Newsweek, Travis, Scott, satanic festival blood sacrifice, conspiracy theory. Okay. So you're leaving that. You're not buying it. Yeah. I don't even know what that means. So no, uh, it would sell that headline, whatever that means. Okay. There we go. I don't know. I don't even know.

All I know is the concert ended in tragedy. It's not the first time. And nor would it be the last time that it happens. I fear cause these kinds of things, uh, um, they happen occasionally for whatever reason. So, um, Hey, I think we're running late for our first guest. That was quite a segue, but we're going to, uh, do that say w w we're going to commit to the segway here.

Uh, cause we have, uh, the CEO of a chem tracks backstage right now. It's ticker a C E T X cigar. Goalball let's get him on the show AB well, let's do it. Shugar how are you doing today? I'm good. How are you? Nice to meet you. Nice to meet you as well. Uh, you guys can tell what is on our mind right now by the kinds of companies that we're bringing on with bill, uh, cigar, you are in the VR AR space.

We are thinking about that. We are interested in that. Um, so it is not enough for me to merely drop that nugget. Please tell us exactly what it is that you do. Sure. So soundtracks is a diversified technology company. We have several different operating brands, uh, from the IOT sprays to security technology, but also AR and VR, which is a big focus for us going forward.

So, uh, we operate a number of different brands. We've been building in VR for the last, uh, three or four years already. So we're quite familiar with this space and we're very excited for sort of the next phase of the computing, uh, paradigm as we get into the metaverse, obviously with the recent news with Facebook.

You know, transitioning to the metaverse, um, there's a lot of discussion around this and we think the time is perfect for, uh, for VR now to take off what exactly are you building? Because the metaverse can mean any number of things. It can be anything to do with the metaverse. Right. So, so w so what are, yeah, so, um, so we look at the, metaverse says.

A number of different opportunities. It's going to evolve, uh, dramatically over the next 20, 30 years as, as, as it takes shape. Uh, but right now we're very much in the nascent stage of this. And so, you know, our group, our focus is to really, uh, drive growth for our business, uh, in areas where we see early adoption and areas where we see opportunities for, uh, growing our business.

So right now, um, we've acquired, um, a training studio that is called virtual driver interactive, where we build simulation technology for, um, right now, just for drivers. But we plan to evolve that as VR is used for training applications, um, we also launched our first gaming studio. So we're building our first, uh, VR gaming experience, um, as part of the metaverse, uh, that'll be launched early next year.

Um, and the, the name of that studio is called Bravo strong and reliance. Our first Saifai first person shooter, uh, in, in, in Q1. Uh, so that's really something that we're looking forward to as our first kind of foray of our own, uh, technology and platform in, in the, in the space. We also do make investments in, in VR as well.

And so, you know, we kind of have an, all of the above approach of building our own technology, as well as finding and seeding companies that we see big potential in. It seems like everyone is, is, is thinking of training of professional training as like the primary aside from gaming. Uh, the primary use case of the metaverse, you're not, you're like the third, fourth, fourth person to come on our show and mentioned training specifically.

So, yeah. And so, uh, I think that's an early, it's sort of, uh, some of the easier, uh, low adoption kind of, uh, uh, opportunities right in front of us. So, um, you know, for instance, I mean, you know, taking large equipment to trade shows, training your customers on, um, complex equipment, it can be challenged. Did you things like that, uh, inexpensive, right.

So VR solves that problem. Uh, so, uh, you know, whether it's training sales teams or training your customers, um, that's clearly an opportunity where, um, you know, there's a number of opportunities and, you know, we've even seen this with, uh, you know, sort of in-person virtual training. You can train police forces, chain, you know, fire, firemen, you know, OSHA training.

I mean, so there's a number of opportunities across the board when it comes to, to training, uh, you know, with VR, is there another use case outside of the training and obviously the gaming that's really exciting to you? Yeah. So we're heavily looking at, um, a couple of things. Uh, one is entertainment. So, um, I mean you've seen some of the things that Fortnite has done, uh, with, with, uh, their own experience with Ariana Grande day and, uh, uh, and some of the other artists that they've put.

So we see a big opportunity as, as that evolves. And we're looking at forming some partnerships or joint ventures to. Uh, some kind of experience in terms of entertainment. Um, and then, uh, additionally, I mean, I think everybody's trying to figure out how to monetize. So you have lots of opt developers that are, um, you know, putting out products in there, but they don't have any easy way to monetize those applications.

So we see that as a big opportunity in terms of, uh, you know, ad monetization strategies, you know, whether it's advertising or similar sort of paradigm. So, um, I think there's a number of things that are taking place. And I think as we, uh, we're planning to launch a number of initiatives in, in the first half of next year, as we make more headway in the metaverse space.

So the other things that we're doing is we invest in, in VR companies. So we made an investment in a company called masterpiece VR. Um, and so there's going to be more development tools. So masterpiece VR is, is a content creator tool that will. People to rapidly create three-dimensional assets. And as you know, the metaverse comprises of all 3d digital assets.

And so, um, you know, we view this as getting on the ground floor of a really great, uh, unique creation tool. Um, that will be, uh, you know, one of the primary tools as developers start to build more and more products in VR. So, um, you know, there, there are a number of different avenues that we're looking to capitalize on in terms of, uh, the next year or two within VR.

Um, That concerns me here. Cause like, as I said at the top, we are very interested in the metaverse right now. It is the hot topic of the, of the last month. We, we can think, uh, Facebook slash Mehta for that, but we do this a lot, right. Where we get this idea, we focus on it, we get excited and we realize, oh wait, we're still awhile away from adoption.

And then we move on. Um, and when I say we, I mean the public investors, the media, right? Whether it's cannabis, whether it's Evie stocks. Um, and, and that concerns me here now with the, with the metaverse um, I think I saw a comment. I think it was a CEO of 10 cent. I could be wrong that said like, everyone like slow down.

Like it's gonna, it's going to be, this is a long-term thing, but it's going to take a while. Or maybe we're maybe we're getting ahead of ourselves. Right now, do you do, do you agree with that sentiment? Okay. I do think this is early days, you know, I mean, when you think about Amazon, you know, it started in 1994.

Right. But, you know, I mean, you know, you think about 20 years later, it was really when the true premise of what Amazon or the Bezos vision was really kind of materialized. I think this is sort of a similar kind of paradigm where we're in, uh, in the early stages of a, uh, computing revolution that could largely, you know, it could be larger than the mobile computing revolution and, um, has the potential for, you know, massive value creation.

I think it is still very much early days and that we are, um, you know, there are a lot of opportunities, right. Uh, for, for picking, however, You know, it's going to take some time for the technology to evolve for the bandwidth constraints to evolve. And we're going to start to see that over the next two to three years.

And I think from that point onwards, it's just going to get better and better with each, each year as the technology improves and makes it easier for the average person to spend more and more time in VR. Right. And so when you look at like computer usage in the early nineties or late eighties versus where it is today, it's a similar paradigm that you're going to see with how many people, how much time the average user spends in VR today versus 10 years from now and 15 years from now and so forth.

So, um, but that doesn't mean that, um, there aren't, you know, the Amazons of tomorrow that are right for investing in or, or, or focusing on, right. People don't realize that Amazon. Like a decade to figure, figure it out, at least in terms of inter actually know in terms of the business, in terms of the stock.

Right. Uh, so, um, I, I, and I, I guess, you know, you mentioned a couple of those initiatives that, that, that you're focusing on, uh, in the, in the first, I guess, quarter or so of next year. Can you, can you, can you pick one and tell them. Yeah. Sure. So, um, so we see obviously gaming is, is one of the biggest opportunities, um, to really enter the, enter the VR experience.

And so, um, we want to build a brand for our sales, build a name for ourselves, and we felt that that was the easiest way to start to get in the door. And I think naturally, uh, you know, we believe that much bigger than gaming is our, is our, um, is our thinking. But, uh, you know, we want to kind of start with that inch into it and then start to evolve kind of what we're doing.

Uh, I think in general, the entertainment experience is going to be crucial for, um, what can be done in VR. So we've see that as a launching pad for educational experiences in VR, um, for creating entertainment experiences in VR, you know, reading your favorite book, instead of reading it, you could experience it in VR.

Um, you know, so things like that I think are where we want to see this go. And by building our first game, we started. Um, build that infrastructure in house and start to set the tone of what we're trying to do, um, and, and start to, uh, kind of unleash the potential of, of what's possible in VR. So I think this is sort of, um, you know, we are trying to ride the wave of VR and as you know, to your point, this is going to take some time to evolve.

And so we kind of want to ride that natural organic wave into the, into the, uh, into the future. Uh, Kenneth, uh, Pivar prior, I'm not sure in our chat says that you need some paintings on your wall, but no, he doesn't. You just need some VR stuff on the wall, some AR stuff on the wall. I think that's the paintings are so 19th century.

We don't need that. We, we need some VR on the wall. I'm sure I'm not, I don't know how that works. I'm sure you can probably figure it out. Um, and then, uh, the last thing is Ryan Norris asked if, uh, uh, if you can share what you'll be presenting, uh, at the, uh, AR uh, reality event coming. Um, I think, uh, that information should be available on our social media accounts, if you ping them, uh, you know, that information should be there or on our website.

Um, you know, but we'll make sure we put it out on Twitter or something where, you know, when there'll be presenting. Uh, and then I guess my last question for you is like how far away is a company like yours from profitability? Not that that ma makes a difference necessarily now, but is that, is that on your radar?

Yeah, I think, listen, uh, I, you know, focusing on profitability is crucial for us. I think, you know, we all also trying to balance that with driving top line growth, you know, so, uh, especially when it comes to these cutting edge industries where, you know, requires a good amount of software development and, and, uh, and, and investment in sales and marketing activities.

Um, you know, our first focus right now is to continue to drive partnerships, drive top line growth. Um, I do think that profitability is on the horizon. Um, you know, but really right now, our focus is to get some of our key initiatives within all of our segments, um, uh, going to sort of the next phase of our, of our product roadmap and, and hopefully, you know, all of that will continue to drive top line growth and ultimately, um, a higher return on our equity and, and profitability.

Awesome. cigarettes, CTX, and he's joining us here on Benzinga live and we appreciate that. Have a good day, have a good rest your day, sir. Thanks. You too. All right. Uh, AB are we running behind schedule? I don't think we are. I think we're somehow. No, we are on schedule. It looks like we're still waiting for our next, we never run on time.

This is good. We're waiting for our next guests, Lana chin from a newborn town to join us. I'm sure she'll be joining any. Um, let's go ahead and get cigars banner off the screen. There we go. Spencer, anything in particular you're watching today? Uh, yeah. Yes, frankly. There is a lot of stuff going on in the pre-market session today between, uh, earnings between, uh, the inflation number, like you mentioned.

Uh, I was watching Coinbase. I was watching Coinbase because I wasn't surprised by their, uh, by, by what they said in their earnings report that, you know, and maybe we can bring the chart up there and, uh, just, uh, they saw a massive slowdown, right. Uh, in, in activity. And that led to a dry mess, uh, in top line revenue.

Um, you've got two catalysts, you've got a bear catalyst, which was the negative or the not so great earnings report. And then you have your bowl catalyst, which is the fact that crypto is at all time highs, but like you said, that was going to be, my point is it's sort of a. You've got on the one hand is a declining, declining retail activity, which they themselves said.

We, on the other hand, in theory, there should be some kind of a correlation with Bitcoin. So here's your, you know, when I go down to the five minute chart, you can see here, the, you know, I guess tale of two tapes, you've got the, uh, big leg down after the earnings. But if you, if you just start right there and the stock's doing pretty well since then, um, like you said, I'm not surprised about the bad earnings report because of course this is going to the previous quarter, so it's not taking into account, uh, necessarily all the trading that's happened over the past month, two months since Bitcoin has had its epic turnaround.

Um, and the previous quarter wasn't necessarily a great one for crypto. They talked about how, uh, trading was down, like you mentioned. So I dunno. I mean, I, if you went in there and bought the dip right here, you're looking pretty good. I, I think we'll have to see kind of how if Bitcoin and. Blast through there they're all time highs and continue to rip higher.

I know a lot of people are calling for Bitcoin to hit a hundred thousand. By the end of the year. If that happens, you can bet your bottom dollar Coinbase will be trading significantly higher. But I think right now I'm just sticking on the sideline. Um, you know, waiting to see kind of what happens. Brent, Brent Slava must listen to the call and sort of Chris catchy because they're saying, oh, it's all about the NFTs, but I didn't know this until the call.

So I'm sorry guys. I guess the hyped out the NFT, uh, bandwagon on their call. Uh, so I guess that's a cannabis that I didn't, that I have not considered yet, but, uh, Hey, I have a corn based account. That's where I have my, my, my crypto through. I feel sometimes like I didn't do enough research before.

Deciding to open an account one day and, uh, on Coinbase, but that's the brakes? Um, well I think the NFT, it goes hand in hand. I think if we see the NFT hype continue the way what it's doing right now, then we'll see a theory, um, continue to arise. I mean, I think if we, if we see, uh, you know, some wind taken out of the NFT sales per se, then, uh, we'll, we'll see that in the price of Ethereum and other crypto.

So I think it's all hand in hand. The NFT though, is I think being taken more and more seriously among the, from the institutional side. So really, no, this is not, this is a Rico story. That's not a bad thing. That's not a, I'm not saying institutions are going out by. Um, a bunch of NFTs. I'm saying more from the sense that like Coinbase is saying, okay.

Yeah, we need to get into this space. Um, so more and more big players we'll see, get into all right. I'm also watching Riverton and Ford ravine. There's nothing to see right now. You've got the news feed up on the screen, right there from Benzinger probate that you can see. So, you know, not a real surprise here to see, uh, the stock, uh, going to open above its IPO price of $78 per share.

Uh, if you think back to like a week and a half ago, the original, the estimated range was what like 55 to 60. They priced the last night 78. And you can see here all the headlines we have in the pro, as we wait for Vivian to open here, we have, Sherry's indicated as high as 125. Dollars today. Um, so they're still working through the order book, trying to figure out who gets what and at what price, um, and when they get through that, we will have, and we will open and then I'll be watching Ford on top of that.

Um, I don't know where Luke Jacoby is or what he's doing right now, but I really, really hope that he sold some of his Ford costs today. He made a fan task trade, and I pulled the Ford chart. I just, I worry here, and this is a daily, so this is good. Let's keep this up. This is a daily chart of Ford. I don't know what the future holds, but if you're all big in, in Ford after this massive run, I would strongly, if it were me, I would definitely take some of my money if want all my money off the table here in Ford, if it was.

I don't know about Uribe. Yeah. I mean, anytime that you have the type of returns that Luke has had on this trade, always a smart idea to trim some of those positions. Um, but it can be fun to let them ride too. We will see real fast. What is Ford's market cap? $80 billion. Okay. What is ravines market cap going to be?

Well, the valuation was at 65 billion. What was that at? 78. Was that 78? I think that was, um, that was at 70 bucks a share. And we're now potentially $30 above that. Right? We're talking what, like 40%. I don't know that math is hard. I don't know. But, um, so is weaving going to have a higher evaluation than.

What's uh, what's the thought process behind Ford owning 10% of heaviness? Is it just the fact that Vivian's going to be a direct competitor? So if they start taking some affords market share that at least forward has some stake in the game. Yeah. Ford and GM. We're both trying to invest in, in Vivian for, uh, for, I think Ford, uh, thought they had it and then thought they lost it to, uh, to GM and the GM thought they had it, but then Ford got it back.

Um, uh, pickup trucks are the number one selling vehicle. It's Ford's number one selling vehicle pivoted to a few years ago. Right, exactly. So that's why I'm curious. It's because like I've revealed truck is directly competing with the Ford lightning electric truck. Yeah. But it's more. Yes, but it's more of a case of like, they all have to compete with Tesla in a way.

Right. So not really, I don't think the cyber truck's going to be a thing for another. All right. Here's a good one. Take it or leave it. Buyers sell cyber trucks will be on the road. This time next year? No. No. So what about this time? Two years from now? Sure. You think so two years from now? I don't think so.

Okay. Definitely not next year. Um, look I Ford and GM, they, they do, this is what they do. They make investments across the space, right? Why the GM go down then the Nico, the rabbit hole, right? It's the same idea. They have to make an investments in this space. So this is part of that. Um, all right. So young money is saying he's selling a one year out cyber truck, but buying two years.

Yes. Brent, this is new. This is our new segment. Take it or leave it. Yeah, we came up with that like two minutes before Showtime. Yeah. Let me, well, let me try to think of some more, some good take it or leave it. Well, while you do that, I'm, I'm still just watching the news feed here on reveal and, uh, I would expect it would open within the next day.

I obviously can't say for sure, take it or leave it Rivy and shares will be trading with why are we doing, I don't understand why we're doing this, the take of the, even on everything, take her to leave and take, Hey, take it or leave it on, take it or leave it, chat, chat, let us know what you think. But I go back to my point, Luke, I don't know where you are, but if you are, please sell your Ford a little bit.

Thank you. Um, because he made a great trade and I worry about days like today being a topping event for, for, uh, uh, Suffolk Ford. So, um, there's that? Okay. Uh, it is 1237. I do not see our next guest here, which means we're going to just keep on rolling. And, uh, we will have, we will have a, uh, another guest coming up at 1245.

Uh, the CEO of a equipped, uh, medical Greg Croft will be on the show, uh, in a few minutes from now. Uh, let's go back to our dock where we planned the show to. And I wanted to talk about, let's see, we hit on Coinbase. We hit on Trivian. Um, I want to talk about Disney actually, because Disney reports earnings tonight.

They're in my never sell portfolio, but we have two events coming up. We have earnings tonight and we have their, uh, their Disney plus streaming extravaganza, whatever you want to call it event on Friday where they're going to like, say, Hey, look, look, you know, all the really cool stuff we have coming up on Disney plus.

So two potential catalysts for Disney, the chart doesn't look great. Can you pull it out please? The chart does not look great right now. Um, I think it was trading around its 200 day moving average, uh, this morning, maybe, maybe the fifth today. Let's go out to the daily chart. I don't know Spencer it's been trading sideways.

It's done nothing for the majority of the. Almost the entire year ranks and nothing for the last, what the high was in March. Right. Um, we go back out high was right here March. Yeah. So we've done nothing here for, for nine months. Sometimes stocks just like to take a little break from, yeah, I know. So I want to know how you feel about this.

I want you to, you can, I don't intend to, I'm not selling this thing, but, but what can we think about this in the context of like Netflix and what they said? Cause they cause they're, you know, they pumped the brakes on their earnings report. Uh, Roku, Pomona, the brakes on theirs as well. Um, and I, I don't know.

I I'm, I'm worried, like I can wake up on Monday and Disney's. I don't know what, if we did like a straddle on Disney where we said, we think it's going to move at least a 3% neither direction that yes, actually you want to set that up? Because I would definitely, I've never put it on a spread before, so Oscar it up, but I would take that bet who is, um, you know, let's wait, let's wait for Nick to come on.

Okay. Nick Shaheen is our options guy, but what let's have Nick walk us through, uh, but he's not going to want it to it. Like I, it's not going to be as much of a Yolo trade once Nick is on your right. Nikki, Nick is not going to yellow his money on him. It's going to be very like defined loss and that's, that's fine.

That's boring. Yeah. All right. Oh, uh, from affirms reporting earnings today, uh, I mean, uh, firm's just been an absolute monster ever since the, uh, the Amazon deal. It's coming off a little bit. Well, wait, the earnings are tonight and it's already down 12%. Sounded good side. He'd be running sorority. Yeah.

Someone in the chat said, um, affirming there's 10,000 of these a day. I can't keep up. Yeah. And I'm sorry, the earnings were not out after close today. So does someone just know something we don't know? And that's why the stock is trading down. You have to look at it within the context of like, what is trading up and what is trading down today?

Oh, so many of these hot stocks are just getting like punished right now. Like how has the pop up start ups T how's that hanging today? Not great. Spencer. It's down about 18 and a half percent. Yeah. I mean, it's up from the open, but the boat that's down this upstart do loans. Okay. That was it. That was a trick question.

You're trying to get me. It was trying to get me. I know I've started. Does they do wounds? There are FinTech lenders smash. The like, if you got that right. Um, any, any other stocks that were watching some crazy movement on today? We I've been watching roadblocks all day. So roadblocks from mortgage monster quarter.

Great earnings was up about 20, no 30% yesterday. And is now trading lower, uh, by about 8%. So this might just be a little sell off after that massive rip up or, uh, I don't know. I mean, a lot of times when a company reports great earnings and it goes up like 10%, my thought process is all this can't keep going up.

And what does it do? It keeps going up. How many times have I said that to myself this year too many, but, so I actually bought some roadblocks yesterday while it was up about 30% and now it's down 10%, so who knows? Nice. Very nice. Uh, okay. We'll have our next guest on Greg Crawford in a couple of minutes.

Let's catch up on the chat. Um, happy saying reveal and shares will be indicating at 105 that's unconfirmed, but, well, that's just, that's just the block. That's just a block of shares. We have to get to the whole thing first. So, um, yeah, but you know what let's do, let's do an informal survey slash poll on the chat and whoever gets closest, we'll get some swag.

Okay. Drop your, and drop your price in the chat where we'll reveal and open know that the IPO price was 78. The most recent indication was 1 0 5. The highest indication was 1 25. Um, drop your number in the chat. What price does ravine open for trading at when, if it even opens today? That of course it opened that wasn't to.

Ah, we got some numbers, 1 2197 96, 1 25, 1 to 32 voodoo. Wow. That's Polish 81 proton 81. I think you're on the low end of that one. Proton. Uh, we got, when we got 90 in there, we got 94, 1 29 50. I love the, the, the specificity of that down to the penny. 1 25 51 to three, one to 5 93, Shelly 64 K. Get out of here, Shelly, 64, come on.

Be serious. Okay. So I seem to have a consensus of a, someone on the 1 0 5 to one 20 range. We're waiting for this. And when it, when it comes out, we will be, uh, we will be there for it when it happens. Of course, in Cal asking this. Uh, the million dollar question is where does it close? If I knew that answer, I'd be a very rich man.

I guarantee you, man. I almost, I want to bet right now. You want to bet on, but I don't know. I want to bet it closes. It closes down from the open. So, uh, you're coming from the open. Huh? That's a good, that's a good point. Cause you can't trade it. You can't trade options. Yeah, it will close up from the IPO and down from the open is my, that's not a very hot take though.

That's I think that's that's that's that's a common thing we see. There are sites you can bet on certain events on. I don't know. That's a good question, Spencer. Okay. Uh, while we digest that let's bring on our next guests. Um, this is an interesting one, uh, this, this company, uh, in many respects and you can see it in, in the chart of their stock, uh, is seen as a COVID play.

Uh, and now that we are. Uh, hopefully maybe trying to come out of that, uh, companies like our next, uh, our next one, our, our, our, you know, figuring out where they stand in the future here in a real post code the world. So Greg Crawford is the CEO of Quip to medical. That's getting them up on the screen if we can.

Mr. Crawford, how are we doing today? Doing great. How about yourself? Thanks was my, was my introduction, a fair assessment. I have to tell you as far as being a COVID play, I think you're off on that COVID is held this company down and that for over a year and a half from executing on our organic growth, although we've grown about 10% over the past couple of years, each year, we're on pace this year for 11% or so.

Uh, but, uh, well, I had, I had assumed though, cause you, you make ventilators. Yeah. Yeah. But all of our services are, uh, home-based services, um, here, uh, patients inside their homes. And we have not been able to expand our Salesforce and, and our current Salesforce has not been able to quite go as deep as they'd like to in some of the different referral sources because of the visitation restrictions and things like that.

So we think we're going to do much better once we get outside of COVID. So of all the different products. And I mentioned the home ventilation, but you guys also, you, you, you make a sleep apnea, um, uh, treatments, uh, and, uh, and of all your different products and services, what, what is, what is the highest growth area right now?

Yeah, so the highest growth area for us really, it's just across our entire respiratory category. So this year we're up about the 40% and that just over 40%, about 10% of that is organic. Uh, so we continue to see strong demand for all of our products as just the overall. For home-based care and services.

Uh, it has been going on for quite some time. And I think COVID is really just kind of brought it more to the limelight rationalization is that these patients can be taken care of in the home setting rather than a hospital setting. So, yeah, go ahead. Oh, I was just gonna say, so Greg, you you've spoke before about the company's acquisition strategy.

Um, and I'm just curious if you, if you can outline that again for our audience here today. Yeah, sure. So we have a three tiered acquisition strategy. Um, right now we would consider ourselves kind of a regional player. We're currently in 15 states, uh, uh, this year to date we've added five new states. Uh, so we continue to look for opportunities in that to expand into new states, uh, obtain new insurance contracts within those states.

Uh, and that's kind of the first tier in that of our acquisition strategy is, is really looking for so. Uh, $5 million type companies, but they, uh, they've got an infrastructure and they hold a lot of insurance contracts that allows us to kind of go in and capitalize on that particular market that they're in.

And then also add continuum markets. I'm sorry, I didn't mean to interrupt. Keep going. Yeah, no. The second tier of our strategy is to look for heavily weighted respiratory companies. Uh, typically those companies we're seeing in the five to $20 million top line revenue range, uh, and then the third tier, and that is to look for much larger, more material size acquisition from a revenue standpoint and an EBITDA EBITDA standpoint.

And right now with our a robust pipeline, we've got all three of those, uh, to date and that we've, uh, since about, uh, July, we've closed six acquisitions for a total of about $16 million in top line revenue growth. Wow. And how are you funding this? Um, mostly all cash with our. Current cash on hand. So, uh, occasionally we will, we will issue some shares if we want to align some management in that with our culture to keep them on.

So Greg, I understand there was a, a recent acquisition. Do you want to go ahead and speak a little bit about that? Yeah, sure. So we just expanded in the state of Illinois in that, uh, via the way of an acquisition, uh, was a really, uh, Illinois, a very important state for us. It's one of the top, uh, states there with, uh, patients with, uh, high acuity of lung disease and COPD.

And that's what we're really looking to heavily expand in that state, but it also kind of aligned a Metro market for us in, in that, between us St. Louis and Chicago, uh, where we currently have operations. Uh, so, uh, we were able to add about 3,700 patients and about, uh, two and a half million dollars in top line revenue and also connect to geographical areas along with some important insurance contracts to operate in that.

Greg, you mentioned COVID being a headwind in that it, it did sort of hinder your Salesforce a little bit, but I'm curious aside from that, what have you observed in the last year and a half in terms of, um, patient behavior? Uh, for context, my, uh, fiance doesn't anymore, but she used to work in a senior living community and, uh, she just recently left, but having worked in, you know, there for, for a, for seven or eight years, uh, and the changes that she saw in the last year and a half, uh, we're we're startling just in terms of.

Just their census was got so low. And part of that was due of course, to, to, uh, to people passing away, but also people not moving in. Right. So, and, and choosing to stay at home more. Uh, and I'm, I'm just curious what, what you've observed in terms of patient behavior in the last year. Yes, absolutely. In that, I mean, that kind of, uh, dovetails off of our story here in that, whereas we're taking care of the patients and the home-based setting in that, and they require our equipment and our services to go along with those particular products.

So, so that's where we've really been, uh, stepping in and making a difference in the marketplace. There we've seen trends in our referrals, in that we've primarily been hospital-based in long-term care based kind of referrals in that, which is what we, that's where the majority of our business comes from.

But we've seen a lot of that, uh, go direct to the physician. And that's a, rather than that, physician may be sending them to the hospital or long-term care. We feel that, uh, they're, they're ordering these products directly from their offices. Uh, and we think that we're also getting these patients earlier in the onset of their disease state, uh, which bodes very well for us because then we're able to keep them on service.

Yeah, this, this to me seems like a demographics play more than anything else, right? It's it's, it's, it's a family thing. It's just a bet on getting older and needing, needing more medical attention. Yeah. Yeah, definitely. There's 10,000 people turning 65 or older every day. And that's, that's really, that's our core market.

Uh, the market itself has grown about five or 6% a year. So we've kind of been, uh, doubling that the past few years. So you mentioned expanding to different states. You mentioned Illinois, uh, is the eventual plan here to be in every state because right now you're in, I believe what, like a dozen we're in 15.

Yes, absolutely. We're looking to build out a national presence in that as we continue to expand in that, uh, both, uh, organically and inorganically through acquisition. So Greg, um, as the industry of kind of home health care grows, are there areas that you think investors should be looking out for ways to kind of invest in the home care industry as a whole?

Like, is it in telehealth? Is it in companies like yours that provide, uh, equipment for people to have at-home care? Yeah. I mean, it could be all of the above. I think anything that's home-based care, whether it be home health or it'd be durable medical equipment or a, some type of tele-health or something, uh, you know, would definitely be a good investments if that's what you're looking to do with your money.

And what do you think the timeline is on that? Do you think? Uh, like the whole look of healthcare looks different than it does today in, in 10, 20 years down the road? Yeah, I think, uh, the push for home health care, and that is only going to continue in that. Uh, and I think, uh, COVID has really kind of brought that to the limelight that, uh, now physicians.

Insurance companies can see that these patients can be taken care of and in the home setting, rather than going to a long-term care type setting or a hospital or something for some of their, uh, elements that they need treated, especially with our remote monitoring patient, uh, features that we have on our ventilation and our sleep products and things like that.

Greg, you mentioned in your investor deck, the, the strong regulatory or the favorable regulatory environment right now, uh, what, what exactly makes the regulatory environment so favorable for equipped? Yeah, so for us, so there's been a program that was implemented in 2010 called the DMV competitive bidding program.

Uh, that's where the industry really had undertaken some drastic cuts from 10, 2010 to 2016. You've seen a lot of consolidation in the industry at that time. Um, but really since 2010, uh, or since 2016, I'm sorry, the industry has not seen any, uh, significant reimbursement. And the program, uh, the DME competitive bid program was set to take effect January 1st, 2021.

And it was actually, uh, Medicare had removed, uh, 13 product categories, which is essentially everything that Quip provided to Medicare beneficiaries. Um, for this round, that was to begin January one. And the reason they removed it is quote their, their quote. They did not achieve the expected savings. Uh, so.

When the rates actually came out in early January of this year and that they were actually about 30 to 40% higher in some major metropolitan areas, uh, for services that we provide. So, you know, we can definitely see why they remove those because they sure didn't want to pay us additional. So we think with where the rates sit right now, uh, you know, we're just got a clear outlook in that for what our fee for service looks like in that, uh, for the foreseeable future.

Also we've recently here in 21, we've also received, uh, some increases, um, on oxygen rates that had begun, uh, April 1st, 2021 also, uh, for home oxygen, there has been some changes in that to the coverage determination, and also for the types of patients that they cover in that. Now patients with acute diagnosis is beginning in 2022 will become.

Uh, for home oxygen services and also they've removed some of the burdensome paperwork that's required. Uh, in curious as the medical device side of your business, I'm wondering if you have seen or felt any sort of supply chain scrubbiness yes, absolutely. That's the official term, by the way, if we had to pick something wacky there in that, uh, you know, going on a headwind in the industry, it would definitely be supply chain.

Uh, you know, so we've definitely had that. We've had it throughout the entire pandemic. We continue, uh, just access to a certain products and services at a given time. Uh, but we've done a great job of managing through that. Being able to forecast what our needs are and that's really, that's still kind of driving the organic growth is our ability to actually get products.

So I think we're doing better than, uh, probably a lot of other providers out there, especially a lot of the quote, mom and pop providers out there. There's over 6,000. So with our buying abilities, uh, in our forecasting abilities and that we've been able to kind of preplan a little bit better. Yeah. I find it so fascinating because it seems like the access to this at-home medical care, it's almost like we're going back in time to when it was commonplace for doctors to make home visits, of course, with new technology.

But, um, I just think this industry as a whole, as far as being able to get medical care at your home, uh, is fascinating. We'll continue to grow. Yes, no doubt about it. I think we're seeing everything home bare, uh, home-based care or anything kind of go home base from delivery service of food and, and Dayton all the way back to get your milk delivered.

I guess you could say. You can get groceries delivered now. That's true. I hadn't thought I hadn't thought about it like that, but, uh, that's a good point. Greg Crawford is the CEO of Quip medical us here on Benzinger live. Greg, appreciate the time. Have a good one. Thank you. We appreciate it. Have a great day.

All right. Uh, let's get that banner off the screen and we're going to have our next guest on in a couple of minutes. Jessica Kaylor will be joining us. So, uh, we'll be talking some trays and some charts with Jesse at one O clock. Uh, in the meantime, Riviera has not yet opened. I actually, haven't seen a new indication in a few minutes.

Talk about Uber puts in the chat. Yeah, a lawsuit. Um, I guess from the DOJ regarding the America, the ADA, the American with disabilities act. Um, again, we talked about this off the top of the show, right? I just don't for whatever reason, I just don't think. The street really cares about this kind of a headline?

Well, I think what's interesting. And what I always like to do is if I'm looking at a company like Uber, I want to see its relative strength or weakness compared to peers. So obviously with Uber it's biggest, uh, peer would be Lyft. Uh, but you have others as well. Like door dash is up a bunch today, I think on strong earnings.

But, um, the, the fact to me, when, if you just look at it, I mean, Lyft is down too, but Lyft is down about one, about 1.3%. Well, Uber is down. Let's see about, about 3%. So to me, that's showing saying that look, investors are, uh, you know, there's more sell pressure on Uber than Lyft today. And I don't know. I mean, I, I can get behind some Uber puts, I already don't like Uber.

As a, as a, as a stock. Really? Yeah. I mean, the company just has profitability issues. They have a legal problems as easy Mike is pointing out. And like you said, let's zoom out on a weekly. No, let's go to a monthly on Uber, Spencer. You were talking about this the other day that you, you just think the, um, I guess business model of, you know, the, the food delivery, the Uber, I think it's wrong.

I think that, I think it's terrible for small businesses. Yeah. And I mean, I don't know. I think, I dunno. I, I, I'm looking at Uber puts, I'm not saying this is this stock's going to trade lower in, in the next week. I don't know. I don't know. Make a call. Um, give us a hot take, make a stand standing for something.

I am buying I'm tailing. Easy mic, easy mic. That's good enough for me. Okay. All right. And the fact that I already don't like the business model. Uber, uh, for whatever it's worth, um, is, is, is trading above. Speaking of IPO is trading above its IPO price, um, and above its opening price of $38. So it took a long time to get there, took over.

It took over a year to get there year and a half, but, uh, finally falling in the black, if you bought Uber on day one, um, okay. Are going to keep our eyes on reveal fun, just to see in this pulpit chart here, just to see when it opens. I don't think it, it has, uh, our IVN. It has not, but when it does open, we will know, and we will talk about it.

But in the meantime, let's talk about, uh, some other charts with Jessica Kaylor from elite trading. Jones's every Wednesday on this show, we'll bring him on now, Jesse. What's up, man? How are we doing? Oh, it's doing great. How you guys doing? Uh, we're hanging in there, man. Hanging in there. It's Wednesday. It's daylight savings.

It gets dark at like two o'clock now. And, uh, it is what it is. So, uh, what stocks do you watch them today? There's a lot going on out there. Um, I was watching the bank stocks, uh, looking at some hotel resorts, you know, rrr. Um, I've been looking at the Neo node. The one that I brought up actually with you guys, uh, sometime early last year when they were around six, we, we had that target of nine currently.

I'm almost breaking that $10 mark. So I was going to go show you, share that one off today. Um, but let me share real quick. Did we, do we just get, do we open up

our, it was $6 and 75 cents. $106. I have to refresh my, my chart now $106 and 75 cents for revealing bada Bing, bada, boom. I'm not going to go back into the chat and see who came close. I'm sure one of you came close here. It's 1 0 8. It's rolling. Let's see, I'll go. Since Spencer refuses to. Thank you. Thank you.

I appreciate that. Yeah. Uh, we had someone guests one 10. What, what was it open at 1 0 8 grant Gibson with a 1 0 9 oh oh Dunkin. Bracey no. Oh, wait a minute. We didn't say what we're doing. Price is right. Rules are not. What is price is right rules. You can't go over and go closest without going over. Dunkin Gothic hosts without going over.

But technically grant came closest. Ooh, wait, why did grant come open that? What 1 0 8 74. Sorry, James sands. He has, he always says hi every day. We had a couple of guesses for 1 0 9 AP grant Gibson. Um, yeah. So good guesses in the chat, everyone.

200 and then back down to, no, I, you, you can talk me into one 50 as in the next, like 10 minutes and then, and the end of the day at like 90, but, uh, I think 200, 200 tad high. I remember, uh, when Coinbase opened, it opened at what, like two or 180 or something and went all the way up to like four 50 and came back down.

Oh, ribbons already. Let's see. Well, there's your first road. Nice little red candle. There always wait, it was one of a six happy saying 1 0 6 75. Wait, did I misread? I may have misread it. Oh, it is 1 0 6. Oh my God, Spencer. I screwed up. I messed up. I screwed up. I thought it was 1 0 8. This was one of those off by only $2 back.

I, I take back what I said about who was closest. So we're looking for 1 0 6. I'm sorry. I'm sorry. My mistake. I'm sorry. 1 0 6 75 IPO price. It's 78. Congrats to all those people, because they're now making money on their long-term investment. Right. Um, anyway, so we got sidetracked with Vivian. Can we go back to what was on your list?

Yeah. And just talk in, um, touch us. I just shared your charts. W w this is Teledyne. Yeah. TDY. They're the biggest competitor to Nia node. And neon was the one that I was talking about earlier, which is touchless. They do like touch of technology for like elevators, um, things of that nature for the future.

So. Um, I will have a future. Yeah. Where, you know, a lot of people go in a lot of button touching. You don't want to get in and touch the elevator button. So if you could go up and just like, put just barely even put your hand over the button, then it'll actually put it up, pull it up for you in there. They got a big contract for that.

And then they also have it to where they can attach to windows 10 capable computers. And it makes their screen touch screens, uh, touchless. But, well, this reminds me of a game that we used to play when I was a kid, uh, my cousins and I, whenever we w the family would all go to a hotel or whatever the game was run until the elevator hit everyone at the same time and see where you see where it takes here.

And you wonder, how do you want to know how that game ended? This is the true story. You all know how that game ended and did it with us stuck in between the floors a little bit. Yes. I swear. I have a cousin who to this day will not get into an elevator with. That was like 20, it was 25 years ago that this happened a little bit less than that 20 years ago.

Uh, and he will not get into an elevator with me cause we got stuck and true story anyway. So nobody get on the elevator with a joking. Hey and real quick, other side note, uh, that was actually not my first time being stuck inside an elevator. I've gotten stuck twice. Um, the first time was actually I, uh, the doors closed on me.

Um, when I was like six years old, it was a traumatic experience. The bottom line is, do not get into an elevator with me. Okay. If the bottom line here. Um, anyway, let's go back on the charts. Yeah. So we were on, um, with you guys back where this line is here and near at. Um, . Of 2020 and we were watching the same play and we were talking about it as touchless technology.

I think I just felt like it was, this is an old company they've been around since 1976. So it's not like a new company and they've, I think this is just finally the, the environment that they needed to. Maybe break away. And when you start looking up, okay, who's are their competitors and you look at TD why a $400 stock, you start thinking, okay, maybe there's, there's a space here that hasn't been touched by a lot of people.

And these there they've been in it for a long time. So it's just kind of a long-term idea. Play for me. Maybe they get into this whole metaverse if there's a lot of need for touchless technology in the future. As in video gaming, uh, health wise restaurants going to touchless, um, ordering, servicing stuff, like order style.

Um, I think that this is, I think they have a lot of room to grow, so just one that I'll be watching, but today in particular did take a little, um, position in GLD. Um, that was. What are you a boomer? Nah, just, I, I heard triple D talking about it and I was like, you know what? I'm already, I'm already thinking banks, everyone in the chats going and talking gold.

And I think that, you know, it, wasn't working for a hedge play for a lot of people, but I just wanted to get maybe 80 cents to a dollar, just a little bit, just to have some green today out of the red morning, I woke up to and I made, you know, made that, made that dollar I needed out of them. And I'm not a huge move in a stock.

That's $173, but at the same time, it, if it's green, it's green, right? Well, for people like me, that's looking at roadblocks and trying to figure out a way to play roadblocks when it was up 30% yesterday. Now down 10% today, or 8% today. Uh, w what are some options on how we can, you know, play this? Um, if you're synthetically longer, you can sell, puts that are deeply, um, out of the money, maybe, and at a, at a position that, you know, maybe a strike that you would feel comfortable buying them.

And then you collect that premium every week or month until it gets down to that price. And until you're willing to pay for it, and you use that money that you make off the premiums to pay for more of the shares. Okay. What, so, so what if I sold puts at like $80 and then I bought a put at, I dunno, 95 or something.

So if I thought it was going to continue to go down for a little bit, but not all the way to my lower strike price, then you're going to make that money off that 95 all the way as it goes down. And then you're going to also be able to collect that premium as long as it remains above that $80. You just want it to just end up between 80 and, um, what'd you say?

95? Yeah, something like that. I mean, do you think something like that? Is it. Uh, yes. If you, if you're, if that's the opinion that you're taking on it, you know, if you think that it's going to fall, um, below that range, now you will lose that 95. If it stays above that, you know, you're going to lose out on that, whatever you pay for the premium on the 95, that's a potential loss there, but, um, it's going to make the, the play possibly a little cheaper for you.

Um, it's a good way to do a spread, you know, on, on a stock that you're comfortable with, that you want to buy. Anyway, I would, I would strongly recommend for anyone that's trying, in my opinion, to buy a stock that they want to get in what they don't think that it's at the price they want to buy it. They just sell the puts at the price that they want to pay for it.

And then if you get at you get, now, it can be dangerous, especially with Snapchat. Why didn't I do that? Well, so, so, but if I wanted to just sell. And I wasn't doing a spread. You need to have like a certain amount of money in your portfolio to be able to do so, correct? Correct. Yes. But buying us or doing a spread versus just selling the put alone makes it a little bit more affordable.

Yes. It alleviates some of that, um, equity that you have to have. So it's, it's all about positions. You know, how, you know, when you're talking a hundred dollars stock, you'd expect someone to have that decent amount of, you know, buying power available. If they're looking to buy a hundred shares of a hundred dollars stock, you know, that's a, that's a big, that's a big one, you know, I think, um, that we're talking, but it's good for people when you're talking, just trying to make premium, even just to, just to do it, like uses, like you just suggested you could do that same way by the 95, sell the eighties and collect that premium regardless of what you want to do position wise in the.

Got it. Uh, rich Williams saying good afternoon, everyone from Florida. Good afternoon, rich. How are you doing? Let us know in the chat, what stocks you were watching. We'll go ahead and take a look at them with Jesse. Uh, Jesse, any other trades that you're looking at that are setting up for you? Um, I did want us to just see where it's at one 16.

Oh, nice. I'm also watching China stocks here. Cause I guess easy Mike noted it and I don't even know who care, but every grand officially defaulted. Do we care about that? I'm watching China. That sounds bearish for China stocks, right? Nah, that sounds bullish. Cause we brought the dip. So, um, but there has to be a dip to be bought.

The dip already happened now we're buying it. Oh, okay. Beautiful. Oh, I'm watching something that I wasn't even mine on my radar until yesterday. That's highs on motors, a ticker, H Y, Z N having a breakout today. I've got some open calls on the stock. We had them on them. We had them on the show. Highs on uh you're you're going to helium.

No, no, no. You sure. Yes. I'm sure they, we had them on one of, I don't remember which show take it or leave it. We've had highs on them. I'm going to anyway. Keep going, check the calendar. I will. So you're making some money on those calls. Yeah, they're up nicely. I w I, it was kind of a smaller position for me because I didn't, um, honestly really know a lot about the stock.

Um, but the chart, I don't know. I don't know why, what caused me to buy the calls on it yesterday, but I did. And they're up, let's see. Total return of 38% right now, 62, and then watch right now. So it has to break out of this 6 62 will be your, your next resistance, I think. And then if it breaks through that, then you've got a nice little move to the upside.

I think Vera, right? One of our small cap conferences, honestly, what I was looking at it. And yesterday, when I, when I bought the calls, the stock was trading at about like $5 and 80 cents. And I was reading about the company and I was like, this is a woman. $0.5 billion company that's in the V space. Uh, I think it's worth a flyer at, at five bucks or whatever it was at.

And the company just happened to put out good news today and the stock's up a bunch. So sometimes it works out. Sometimes it doesn't,

uh, yeah, I'm pretty sure we had houses on one of our small cap conferences, just FYI. So it wasn't actually a show, but you get the idea. Um, what else here? Uh, again, keeping an eye on easy megawatts wants to know about EDU. Yeah. I'm keeping an eye on all these Chinese names right now because I called it out.

And like, you know that at a 180 in the chat, um, was when James and I got in, I was like, Hey, I think 180 is going to be a good, uh, Uh, good point for, for EDU. And then it just went straight up after that. And we sold, I was like, I'm out as a, you know, when you get 60, 70 cents on a stock like that, I was like, I'm outta here.

This is one of the sectors that China came in and said, Hey, we're going to make this. So it's like, non-for-profit. So how is this company even going to make money yet if it's, uh, going to be running, do tutoring now. Right. I think that's what they said like last week, but see, it's leveling out at $2 now.

So you had your run-up 50% retracement. And then now it's going to come back and try to attack that two 40 to 50 mark, and then it either or break or breaks down and makes a new low, you know, it could kind of go down to a dollar 50 again and come back down here to this 1 75, 1 50. So in my opinion, you put your stop out right there at a under 1 95.

So you may be one do a 1 75. Stop trying to get another, trying to get a two to three to one ratio on, onto the upside and get back up to that too. Can you pull up, uh, the spy chart real quick. Uh, Jesse, I don't know what happened, but, uh, um, what happened? People are taking some profit off the table. You get one day of a red and Tesla, just like triple D said, and it's going to change the sentiment across the board on how everyone's feeling, because I think a lot of people went from, okay, put a lot of risk on the table, too.

Maybe I was a little late to this party and thinking that it was just going to be easy-peasy and keep going up. And then we just got to get what they call is the rug pool. And I think you're witnessing a nice little rug pool and you're going to probably see it go all the way down to 40, 61 42 before you, um, catch a real, a real, uh, buyer coming in again.

Alright. I am watching ravine and Ford together here because wherever in is still going for. 40 44, obviously ran up on this headline for the last couple of weeks. It was, it was running off into the river and IPO. Uh, and now that we are actually open, the ravine is actually going higher here. Ford is doing those sorts of thing.

So again, I reiterate if you're a certain person that had, like, I don't know what, I don't even know what strike Luke had those calls at. If you had like $6 calls in Ford, for example, from like February, I would sell some, just putting it out there. I agree. I agree. Um, especially, uh, I knew some people and even in our group that have, I mean, one he's made at least 30, 40, 50 grand off of this, this play with Ford.

And, um, just by selling the way that I kind of told 'em okay. You guys are yeah, Erin, sorry. I was gonna, I was trying to go a B, and I was like AB and Aaron on my head at the same time. So I was just going with earlier. Um, what earlier, when we were talking about how to get into roadblocks, he was basically saying, you know, I'm going to buy four chairs and sell out of the money calls and buy out of the money calls and ride this thing all the way up.

And he, and he has been doing it since I think 10 bucks. So he killed it. There you go. Yeah. I mean, I mean, Luke gave it out as his 20, 21 stock of the year. Last January when the stock was about eight, $9. And it's gone up over a hundred percent since then. So anyone who's been in the Ford trade over the past year, congratulations, as Spencer said, we've hope you've taken some profits on the way up.

That's what I did. I'm out. I haven't been in Ford. Ford is in my IRA. I'm not, it's just been in there since about it's actually let me check right now. I'm not, I'm sitting, I'm thinking for an experience, right? I've been on a Ford since like 13, 14. I think I ran it from seven to 13. I have a lot of red positions in my eye.

So I opened an IRA last January. So I've had it for almost a year. Um, the poor this past, this past one this past January. So I've had it for about 10, 11 months. See, I'm pulling up right now. The portfolio as a total is up 20%. It's probably about in line with the market. Had I just bought, um, spy or something, but what's, what's been helping.

It is only two stocks and that's Ford, which is up 80% from where I added it at an Nvidia, which is up 121% from where I added that. Pretty much everything else. I've got Neo in there. Um, I've got quantum scape in there. I've got Southwest airlines in there. Everything else is in the red, but Ford and Nvidia.

Can I ask what while you're up here today? Yeah. You said 20, but is that, is that right? Is it actually 20 or is it. Um, it's 20.71. All right. So you've owned it, performed with a NASDAQ in this way, and I've underperformed. I want to give a update on Uber, easy Mike's call out. He literally said it as, as he said in the chat, when we were talking about, I bought that and I put it in the chat of $44 strike, put a weekly and I'm up 15%.

Since you said that, I also bought, I also bought some, Uber puts them up 10% on them. I bought the month, the monthly aesthetics. Yeah. Put your money where your mouth is. I heard it. We're going to do it. I said I was going to do right. So I bought the monthly set expired next Friday, November, 1921. Now let's go.

I'm up a, yeah, about 12%. So w w Y can you walk us through why your weekly puts are up more than my monthly ones? Because the I'm in the money at 44. What's your, what's your strike? 42 and a half. So you're one year out of the money. So it's less likely for you to get there. Um, The more likely it is to be under the strike is the implied volatility will change or the implied move will change.

So therefore the premium will, will be exuberated by basically, you know what? I always call it like the Phantom, uh, money that's placed into options. And when you're going to buy it, your premium, you'll be like, man, why is this? This stock just went down 50 cents. But I didn't, my option is not worth any more.

It's only a dollar more it's because they don't believe, you know, overall the overall buyer and seller doesn't believe that that's going to get to your strike price by that date. So there has to be a feeling or a, or something showing that it's going to actually get to that point. Um, and it all depends on how the movement is.

So let's go to Uber and I'll show you. Um, since we're right there at 43 90, it's evident and it's happening that it's below $44. So there's a possibility by the end of the, on the 12th in two days that this stock could be below 44. Now, if it blasted down to 42 50, then you would see a big increase in yours, you know, big time because you, now you have a lot, you have more time on me and you're in and you're in the money, but I'm going to be $2 in the money at the moment.

So it's going to be about equal. Got it. And, um, if you don't mind, let's pull up roadblocks his chart real quick. Cause to me it looks like we're at kind of aligning in sand right now. Um, where if you go on a more, uh, you know, maybe like a five minute or 15 minute chart, it looks like we've, we've hit some support where we're at now, but if it continues to fall through this, then we, we could be in some.

Yeah. I mean, this is that moment where if you're in that $95, uh, put, you're making some money on this move right now. Like, as we speak, it's dropping and I did open it, I did open a spread and it's up about, uh, wow, it's a 43%. There you go. See, that's that right there for me on those, on those candles that you, if you catch that on an option right now that premiums getting so, such an increased that I'm trying to sell, I'm going to put it out at like a 95, 80% gain and just sell and get out of it.

And I'm like, man, I made that move. I don't even have to wait and hold my breath. But, um, when you're buying options that you could have bought this option, you know, let's work on a 15 minute candle. If you would've bought this thing. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, so 10 and 11 candles ago. If you'd have been bought this two hours ago, then you would have probably been actually looking at a red trade at the moment before that this last previous red candle.

Now, right now, as it's bouncing up, I bet your what's your percentage yet, right? Um, 42 38, 30, 36, and then it's going to bounce up and you're going to go to like 16%. Cause it's going to bounce up and try to hit this wall at 99 or it just continues to flush and go down because it has broken out of that trend line.

It looks like it's going to come down all the way, at least to do a 50% retracement back to, I can go back down to 90 50th of breaks, 95. Okay. There we go. But if you start retracing back right now, then you're going to lose all that premium on that, um, contract, if it goes back up a dollar to 99, it'll it'll eat that away again.

So I know, oh, it went through that line that I was watching. So I'm kind of expecting it to continue falling, but I'll have to keep an eye out to see if we do get that bounce back up. Cause that would definitely eat up, uh, the value of some of those spreads. Absolutely. Martin review and hang out. Yeah. I should probably get off a one minute chart here, but you can't help it.

So one 11 just sort of hanging out, uh, not quite at the midpoint of the range of the day, but close enough. So this looks like a juicy point for people who are like, you know, what, if I'm going to try, I'm trying right here, right here at one 10, but just a quick 4, 3, 4 bucks just to, for it to bounce right up.

I, I, if I was to buy this, I'm buying it right now at one 12 and put it in order to sell at 1 14, 1 15, just to get, boom, let me get two to three bucks real fast. So some people are thinking what you're thinking right now, which is find the ones. Well, so, uh, so watch one 15 and then it's to, you know, that you could get that feeling just seconds on that kind of tree.

Yes. So, um, but there's a lot of risk there. It could also flush back down to one to five and lose five bucks per shirt, you know? I don't think it's going through. I think it's going to, it's going to give you some type of pull back right off of that. I mean, that's a 50% move on that first green candle on 15 minutes.

So we close this candle at 1 15, 1 14 ish painter. And he was looking at the V well, I guess I should've brought that up, but I didn't, we can do that right now though. Let's take a look and view up. Yeah. View up is like, what? One 10 something. Yeah, you get up, you put in an order at one 10, stop 1 0 9, put in an order to sell at one 12.

You have a two to one or three to them. Yeah. I mean, you're, you're exactly right. Pain, uh, pain. And there's the bounce off the view out three times. So, um, interesting, interesting trade today. All right. All right, Jesse, we've got five minutes left. Uh, what else was on your radar today? Hmm, I had it in here, but I took it off my phone because we were, we were just going on, on and on there.

So let me get into, uh, The last, because I just want to make sure I, uh, pull up the right one. Oh yeah. I couldn't remember what it was. Are, are we talked about red rock resorts, so nice move in the last, uh, day today. So I got in this one, that 1 0 9 90 and it's at one 12 now. So that was this morning, a nice move.

Um, out of our, our, our red rock resorts, I believe that you're going to see what they are, I mean, or who they are, like, who do they own? Give me now, but see, I don't know a lot about them. I was looking at it as a chart basis as technicals. And then also just the fact that the reopening trade was starting to come on a little bit with other what's like the hotels and, uh, started looking at like Mary Mar.

And there was just kind of a trend CMR just got hit though. So the hotels aren't doing as good as I guess, the resorts, but we can I'll I'll, I'll do a little bit more research on our R C Y M, like who they own and where they're at, but, um, we can just do the technicals. We don't care about the fundamentals.

We don't do that. I was just curious. We were just wondering, you know, I don't know. Yeah. Anyway, right. Still got five minutes left. So I got to pull something out of us though. Um, I'm just keeping an eye on my scanner. My Benzinger pro scanner keeping an eye on my new seed, seeing keeping an eye on the chat.

I'm Mara selling off in the past couple of minutes, M a R a a had the earnings pop of this orange pop of this morning. Um, let's Pope a Mara chart here. There we go. Um, yeah. Yeah. Wow. There's a, that thing is just hanging out in the middle of the clouds. Isn't it? Yeah. If you say, Hey, let's get an update on those.

On those Uber, Uber is continuing to fall. I bet you're up nicely on them. Um, 35%. Pretty good. Yup. 35%. And about 20 minutes you do that every day 30. So look, it has some good returns. That's the goal. I mean, that's how I tried it. That's how I basically do my training in the morning between, you know, that's why I even mentioned, you know, putting me on the, um, Monday mornings.

It's you guys and I'll do some live trade with you. It was like, you know how I try to trade with options? And I like to get 30, 30%, like, like right now, this is more of a, I bought it for $67. So I wasn't afraid to lose that. All of it. So I'm going to let this one go for a hundred percent this as the Yolo play.

Um, just to see if we wake up tomorrow and it's at 43, I'd like to see if it gets down to 43, 42 50. Then I'll, I'll, I'll get to where my price target is. And there's no stop-loss on this one, but a lot of times what I'll do, let's say, let's say it was like $280 and I'm spending 250, $300 on an option. Then I'll set my lip.

My stop-out about 60, 50, $70. Uh, and then I'll just look away and never look at it again. And I know that I'm willing to lose 50, 60, 70 bucks on it because there's a lot of times where you can see something happening on a chart technically, and you want to buy that option because you're like, man, I want it to get there, but there's so much that can happen in a short timeframe that can change your percentages and what your, what that option is truly worth.

And in a short amount of time that if you stare at it, it could take you out of the trade when you should've just been in for five or 10 more minutes. So a lot of times I like to set myself up with a stop loss on the option before I get in. And then just kind of, I won't necessarily look away, but I'm not going to look at the actual position.

I'll look at the charts and try to play the chart. Yeah. So it's, it's, it's fun stuff, especially when you see I'm up 41% on that now. So, you know, with you see it in the chat too, and then you pull it. That's how I get a lot of my trades. I go, I go to your guys' show all day long habit in the background and I'll watch the chat, the chat, and someone pulls up a stock and it just helps me look and see what's going on with it.

And if I see a, an opportunity to take a position I'm in yep. Shout out easy Mike, in the chat for that article. Uh, Jesse and I both are up on our Uber puts a and our next guest to Nick Shaheen. And he'll be able to talk to us about some options. Uh, of course we will ask him about the, the Disney earnings.

Cause I know Spencer. Yes. Spencer's looking for a way to play the Disney earnings with some options, potentially. Do you even have, do you have options traded and on in your brokerage? Yes. Yes, I'll be, uh, definitely listening to Nick. And if anyone down here is listening, smash that like for myself before we get off here, but smash, I liked for Nick.

Cause he's going to hook you up with some great option knowledge. Um, I'm just, I'm not like you, I'm not going to like Yolo. You're an options trade, but I, all my portfolio, I know, I know I'm like, I can't do that, man. I, I just don't have, I wish I had the risk tolerance for that type of behavior, but I, but I don't think trade options at all.

Do you sell calls against your position that covered calls or do anything like that? I talked about doing, I talk about wanting to do it, but I don't, I don't do it. I'm all talk. No. I wish I had never like started selling or not selling buying options because now I just get bored, like buying stocks. I told you to stop buying options.

So someone sent you to the casino of trading and they taught you on black Jack. And then they showed you the roulette table and you hit 35 to one odds on a a hundred bucks. And then now you're sold for life. By the way, is also going to come on and tell you not to buy options. Selling options is where it's at buying options is for fun.

And that is literally just, I'm learning how to do spreads. Now, look, I've got no sh I'll pull up my, my Robin hood right now. Oh, please. Using options is your position by selling, you know, synthetic foot, you know, being long. That's a good way. Other than that, you know, selling weekly calls against your, you know, covered calls against your position to protect you.

Um, So here were the roadblocks spreads that we talked about. I put a couple different ones out there. Of course. I also have like a Yolo one 10 call. That's just getting absolutely hammered today. Um, but these spreads are up nicely, 37%, 76%, uh, another Yolo Baba call getting hit hard here that Uber puts that easy.

Mike talked about up 30% on those. Here are the highs and calls. So overall not a great day for me, but at least I'm making up some ground. At one point I was down three 50. Uh, now I'm only down about one 50, so who knows. We'll see if I can get green by the end of the day. That's the question. Jesse Kaler from elite trading joins us every Wednesday at this time to just hang out.

Talk about stocks. All right. Uber, Uber, over to 40 bucks by tomorrow morning. Check it out. I'll be up nicely if that happens. Great. Alright. See you Jesse. Hey, let's bring on Nick Shaheen. Sorry. I keep stopped doing that. I keep wanting to bring Nick Shaheen on the show because he is where I learned. Not that I know a lot, but everything I do know about options, I more or less learned from I haven't taught you anything.

You have not told me anything. No, at least like don't buy. Oh, that's true. Okay. You have told me what not to do. Okay. Yeah, yeah, yeah. That's fair. Which oftentimes is a far more valuable lesson. That's true. Uh, Nick Shaheen is the author, the author of the Benzinga options newsletter, uh, also, uh, create income with options for, and joins us now.

All Benzing alive with the video, Nick, what up I'm watching and I'm excited. I like what justice saying. I love conviction. Somebody that knows their charts and tells you with confidence that this is what usually happens. It, it may fall short sometimes, but if you're, if you stick to your confidence levels, you'll get results case in point just now, when I was waiting, you guys were talking reveal and I was like, what is this revealing thing they're talking about?

Joking. Of course. Um, so I posted in the private chat to you. I gave you a levels. You did. And you did, you did . I know I saw, I saw them. So this is what next time he said one 14. This is a, this is, uh, eight minutes ago. He goes one 14 on the 32nd chart. I don't have that kind of patience. I don't have that kind of attention for 32nd chart.

Um, and then he said, then your a one 11 must hold or ask to go into 1 0 9 and then let's pull up that chart right now. And I don't know why I have wish up there. I'm going to do you. Why? Well, let's get wish off. Let's get ready. I can share my screen if you want. Yeah, that would be great. That's good. Okay.

So are you authorized to have 30 seconds? They don't give it to everybody, you know, not no riff Raff. I'm just kidding. I miss you. By the way. I don't talk all the time. Wait, I don't actually know Nick. I don't know if we've ever had a chance to meet I'm Aaron, by the way, do we have 32nd charts and fencing up?

Hold on. I'm talking to Nick tight type in 30 S see if it comes up for you. I type in the window. 30. Yes, no. Oh my gosh. 30 S S that's 30 minutes. I'm doing it. I don't think we can dive into the letter. S S I don't have access on my keyboard right now. All right, let me share my screen. Let me share my.

Please, please. Yeah, you can do that on the screen. Share button, uh, share screen. Okay. Yeah, sharing screen. Which one? A screen one. Let's go lose your Colby. Can we get 30 seconds? And in your pro please. Thank you. All right. Yep. So can you see my screen? There it is. Yes. So that's the 32nd chart right there.

And this was the quote and I drew the box as soon as I posted it, because that was the range you were ping-ponging in. When you see a candle wick here in here, if they break through one edge or the other they'll extend in that direction. So I knew that if they lost this one, they were going to hit 1 0 9 and they did.

And now you better hold these wicks. Otherwise it opens the door for unknown levels they're below. So this is not my jam. I don't, I don't trade this fast, but this applies to 30 seconds. One month, one day, one week concept. Uh, you have to look left on the chart and find the levels that really matter.

Instead of watching red ticks, like if somebody saw this stick here, they'll capitulate, they'll panic out when they shouldn't, because that's where support is from here. So if you respond to the candle, your FOMO kicks in versus look at the levels and then act accordingly. All right. So fun stuff. I was listening to you guys.

So I looked at, um, I forgot your name already. I'm sorry. I just call them a, B Aaron. Okay. So Aaron AB okay. I'll call you AB so, um, Aaron, the, the thing you showed about your portfolio, so you, you rambled off percentages. That's great, but you should pay attention to the dollar amounts because that one red, one eight up looked like air math, a lot of the greens that you had, I'll pull it back up so we can take a look at it.

Um, Uh, so yeah, we have the, the one row, two, two things are really dragging down my portfolio today. It's the Baba call and the roadblocks call both expire next Friday, November 19th. Um, definitely like at this point, Roadblocks is showing so much weakness. Should I just sell this call, which I can still do for 110 bucks and ride with the, these spreads that I have that are actually making money right now, these roadblocks put spreads.

So here's the question that I usually, I get this question all the time. Should I sell it? First of all, you should be able to answer that yourself because when you take a trade, you should immediately set a stop and that stop loss, the stop loss could be in several different ways. One a level like if you took the trade, knowing that you're banking on this support, and if that support fails, you should be out win or lose, or a pain level.

X percent gets me out or X dollars gets me out. Um, then you're not second guessing yourself before you get to trouble. You know where your trouble line is, where your confidence level fates. So if I was holding this call, I would bank on, uh, 94 50 holding. If that 94, 7 47, whatever that low sales, then you have no.

94 50, you said? Yeah, that, that last bounce level, that wick from yesterday, the tail end from yesterday. So let's see if I can get into 60 seconds here. So this, this guy right there, if that doesn't hold, when did you buy the call? First of all? Um, so today, this morning, roadblocks opened down about, I want to say seven, 8%, and then it looked like it was coming back up.

Uh, and I bought it on the way up and then it was going up for a second and then just came straight down. Okay. So I think I got kind of faked out by the chart. Here's the thing. I like the stock and I went long earlier. I shared long's lower. Do I have lines? Okay. I have lines. So this was the breakout opportunity.

It didn't happen, but I would say don't chase it right here until it breaks out. Just to show your proof that it's going, otherwise you get faked out. So when it comes to a prior failing points, oh, okay. It exceeded it, but it's one candle on it, reaction. Um, it is never a great opportunity. Did you buy a call?

That's like the worst way of getting long something, uh, buying shares is even better, uh, because then you're not so time tied. Um, but buying calls up here is like the worst thing to do because you're literally at the mercy of every tick, especially shorter, shorter, shorter dated calls. Uh, so sometimes if I get caught in the trade and I still want it, I changed the risk profile.

I take the time. Uh, you take time out of the car or fix the time element. So either salvage, whatever you have left and throw it out in a spread out in time. So it doesn't die every tick or take the money you got left and sell it, put, spread below it, um, in order to stay long, but you don't need a rally.

If you believe in the value of here now, I never chased a stock like this. This is where you say to yourself, you know what? I missed it. And this gap here, not that every gaps fill, but this is like a sore, like what? That doesn't look right. So I don't know what they said in there. So if they said something changing this, you know, years ago, I don't know if you were trading, Baba did this, but they, they had a report and everybody said, whoa, did we have this company wrong?

And it just leveled up and it never came back. Well, maybe now it did after this just saying no, no, no, no. That was years ago. Like it could have like, let me see if I can see it on a chart. Maybe I can see it. But the point is, um, very rarely do companies level up like this and they never look back. I mean, that is a big level up.

Um, I want to say it was here somewhere. All right. It just took a big level up and they never looked back, but maybe not. I don't know. Is this Baba? Yeah, strange. I don't see it now anyway, but it's rare that they leave a gap that big open in that four roadblocks. So what to do with your calls, you should be able to answer that.

I can give you an idea on levels, which is if this one is lost, then this is open for taking not all of it. At least tonight. So if you're calling to call, cause I was surprised it still had the, I could still sell it for 115 bucks or whatever, because to me, this is where you got saved by implied volatility.

So the Ivy must've spiked on it or as high enough to where, you know, like in GME, one time I bought a put and it rocked, it rallied like 30, 40%. I made money on my foot. I looked on my, um, my screen, the puts and the calls were green, uh, that never happens in the, you can look on an options chain, you see the put side and the call side, both.

That's crazy. So the opposite happened as well, where there were people that bought puts when GameStop had, had spiked all the way up to its peak and the stock ended up going down a bunch and their puts were in the red because we had, yup. Yup. That's what happens on earnings when the, or you guess up you buy calls, uh, the stock bounces in the morning at the open, but all the implied volatility that gets cut in half.

So half of your profits is eaten up by this, uh, implied volatility disaster at the open. That's why, when you want to go along a stock on earnings, you should use a calendar of sorts. So you buy the call out the next week or out further, uh, two, three weeks to get the normal implied volatility price. And then, um, you sell something shorter, dated higher, which is inflated.

So give, if you want to see an opportunity of that, who's reporting to them. Disney Disney. Oh, they are Walt Disney. It's a, okay, so maybe we'll get lucky. This is E-Trade the practice platform. I'm not recommending it. It's full of bugs, but it's as good as anything. So check it out. This is the visual of that.

So this is the normal implied volatility for Disney. This is this week. You're paying up, um, a lot more than you should for the implied value. Let me show you, this is this today. This, this week's contract implied volatility is right here. Uh, this is if you can't see it, the 89 to 90%, the implied volatility.

Okay. So if I get out of this one, we'll go to next. Next week will be slightly lower half. That's a pretty big differential. The further out you go the cheaper. So if you buy something in, say December 3rd, if you buy a call, um, this one, the 180 call, or let's go into one 90, it's a dollar 60, but this is the going price for.

Normally earnings or not. If you buy it in once one 90, we said, if you buy the one 90 here, it's 80 cents. It's cheaper at the face value, but you're paying double what it should be. So tomorrow at the open, say price does not move an inch. This will fall in half just from the open because the headline is good.

Price movement aside. This will drop in half. So if you guess up to your point, Aaron, if you guess up a lot of the profits will be eaten up by this deflation in volatility. So what's the strategy is to, if you want to bet up or down, you buy something that is like, nah, I don't want, I don't know if I want to bet operating on.

I want to bet both. You know what I mean? Okay. Betting both is a sucker's bet. So think about it. They call it, I'll buy it as throttle. Um, the market makers sell the straddles to make the market. So if you think you're better than the market maker is by the straddle. Okay? I'm not right. So you can win big time, but you need a big move and you need the market makers to lose money on it.

Because anything outside of I'm doing air meth here, uh, eight bucks up or down is not expected. In two days so Disney, we shouldn't do what I told us about. What did you say? I said we should apparently argument. No, Nick, is it a strangle or a straddle where you're playing both sides? Hoping for a bit, they're both playing both sides.

The straddle is when you do the call and to put at the same line, 1 75 and 1 75. So you're paying what is today? 1 75 70. So you, you buy, you buy this foot for 3, 370 $8 and you buy this call for $450. The total price is your maximum loss and what you need to happen. You need to like a nine to $12 move in order to make money.

Okay? But keep in mind that, uh, the implied volatility is going to bring everything down immediately. So you need to offset that. So you're, you're added this advantage from that standpoint, you need to surprise the market. This is the market maker pricing, right? This is what the market wants. Any move beyond $8 is unexpected.

That's what this says, this, uh, the strangle is slightly different. You go a little bit lower. You buy the book, you go a little bit higher. You buy the call a little bit cheaper, but same concept. You need a big move. Um, people with giant money sell these two and they know that nothing is for them to lose money.

The move has to be exaggerated. So the market makers, the big pile of money they do that. They sell the line and sell, right? That's how they are. They're making markets. If they're not selling anything, nobody's buying anything. That's why they call them market makers. Not like at one company that hide somewhere, but it's just people with big money that put money to work that way they sell risk.

So that's what they do. So the, the, the way to play it, if you really want to play the earnings, first of all, you have to acknowledge that you don't know which way it's going to move. You were telling me, oh, they're going to crush this. I'm going to crush that. And I'm going to tell you it's all bull crap.

No, no, I, I want, I want to play. Okay. Not knowing is, um, wait for the outcome and then play. That's not playing, that's sitting out, but all right, that's seriously. If you want to put a conviction trade, you need the information and you'd be smarter doing it after the fact, if you're doing it now, it's a hunch.

You don't have an edge. You're right. You're absolutely right. You don't have an, was that the stock was going to move a lot. And I know you're saying the market makers aren't expecting it to, so let me throw it out. I don't think I know they know what they're talking about. This is a lot though. So it dollars here.

Here's Disney. I did a trade on Disney. I caught the knife into this and it paid out. So we're out of Disney. Whoever took the trade from me, they should be out of Disney. And my, my thesis was support. Uh, but a better hold. Otherwise it's going like down to here, right? So I shared it in four or five, four different ways.

I shared a sold foot sold foot spread, debit call, or call spread. I said, whichever fancies your, uh, you know, whichever suits your personality best do. And, um, they all played out fine because of the spike. The sold puts and put spreads, paid out. These don't need a rally to win. That's why I like them. And even the calls and call spreads played out.

Well, maybe better because we got a big move, but up here I have no edge there's room to fall there's room to rally. So if you. To take a trade. I would sell an iron condor, which I don't like to do into earnings, but at least I have edge because statistically I would make myself an 85% chance of success on the top line and an 85% chance of success on the bottom line.

So how would that work? Uh, you basically sell risk down here and sell, uh, let me get this out of the way you mix remix, right mix. Right. I just talked about how I don't have the appetite for yellow. This is exactly Yolo. Nick is talking to me off the cuff here. So here, here is. Here is your a Delta, that's your odds makers.

Yeah. That's your odds maker. Uh, if you buy anything with a super low Delta you're you got a lot of hope on your hands. So if you buy a put saying, I think it's going to go to the 1 62 0.5. You're going to make money if, uh, but your odds are like 10% ish. And, um, on top of it, you're paying up for it because this is an 80% implied volatility.

Same here. If you're buying a call that's, uh, it's got a Delta 17 or 13, then you only have like a 50% chance of success and you're paying up for it. So I would sell these areas. Uh, so I would sell the, um, something doesn't risk risk down here and sell risk up here. I would collect you sell the one 60 points.

Are there the one? Yeah, I wouldn't do a naked foot because I don't want to ever sell a naked call. Who co okay. Listen. Why, if you're selling naked calls, you're making a giant mistake that could cost you your wealth. All of it. No joke. Um, you cannot, like, I know I had a conversation yesterday, a painful conversation two days ago with a member who came to me, I'm in trouble.

Uh, wait, you guys mentioned the stock or Mara Mara. I'm in trouble. I sold the naked call in Mara. I collected $3 at 60, so, um, they made a mistake and then the. $17. So they lost a lot of money on it and they said, should I close it? And I was like, whoa, first of all, that's unlimited risk. So whenever you're taking risk, you say I'm managing risks.

The first step is determining how much you're willing to lose. And if you don't know, when you sell a call, you don't know how much you're going to lose. That's a question mark. And that is not acceptable in any, any money, manage your book. Um, and except if you are like George Soros with giant bags of money and you want to put it to work, otherwise, if you don't know the maximum loss, that's not a trade I would ever pitch to anybody.

So you can't sell a put as part of an iron condor all by itself. I would sell it, puts spread to make an iron con the iron condor is self hedged. So the I'm going to show you visually what it is. I'm not recommending the strayed, please. Okay. So this is just a visual representation of what an iron condo.

It looks like. So, this is what it does. This is not a recommendation trade recommendation. In fact, I, I don't, I don't know the digits on it yet. That's so the idea is you sell a put spread and you sell a call spread and to win. You want price to stay in between those two. Um, so what spreads do you sell? I like low deltas.

So if I'm selling this one, I'm giving myself a 90% chance of beating my opponent. If price falls and for, for this, it looks like whatever this difference is here at 20 cents. Uh, the maximum risk is $2 50 cents. Uh, so appear looks like another 20 cents and I need price to stay below 180 7, 5 by in the next two days.

And here it's slightly riskier, like 85% ish, roughly. So in total, I'm collecting about 40 cents and what's the maximum risk. It's still $2 and 50 cents minus what I collect because I can't lose on both sides. One of these two, if one loses the other one definitely wins. And so, uh, if price goes to 180, 1 55, uh, this one loses, but this one wins.

So I collect, uh, I lose like $2 and 10 cents per contract, but at least I have odds in my favor. So statistically, this is a viable trade, but I'm not recommending it here. Uh, I wouldn't do it for myself. It's just too much drama. I don't need it. You know, you can make it $5 wide and make more money off of it, but you risky more money, but that's the iron ponder.

So that was fantastic. I would do an iron condor with visibility but longer term. So here's the thing. Why is everybody in the trenches? Why do you want to fight the trenches? Go out in time so you can do the same thing and do it out here. Um, so you go to. December, of course, they're not there. They discussed the catalyst is today.

So you, so you're thinking you're going to make the money anyway. Why be muddy in the trenches? It's the same money. You just have to be like two days more patient or something. I mean, it's just ridiculous. It is so much easier to, to fight like weeks out and get the same job done than to do it here in the trenches.

This is the grunt work right here. Yeah. And it doesn't pay more. It pays more if you hit a home run like with roadblocks, you know, if you own a call and it just explodes in your Wade, yo, they happen, but that's not a way to, it's not repeatable, not repeatable. It is infrequent. How about that? That's pretty high accurate there it's infrequent.

So the, the way to do it is always, first of all, have a reason to enter a trade. I usually say it's no trigger. I borrowed it from somebody years ago. I don't even remember who it is, but anyway, they don't claim it. So I will, uh, if I don't have a reason to belong, whether it technical on the chart or fundamental, like if you know something about Disney that most people don't, then you think you have an in on it, then you jump in.

Like I did for GE and Ford, a couple of times already. I just did for Snapchat. Maybe long-term, they're the ones that actually are going to make some cool glasses, maybe that are computerized. Like, you know, Google glass, you know, they're a camera company. So they say they're also spectacle company. So why not combine the two and come up with some sort of a product.

So it is you have to give yourself a trigger to get into the trade and then structure it to where it makes sense buying options. They tell us, right? The experts tell us most options, expire worthless. So people start hunting about these big, Ooh, 10,000 there. Well, if you buy it, you're going against the concept of most options expire.

Right. Yeah. That's the one that's most right there. You told me that years ago. Um, yeah, the options, the majority of options expire worthless. So that's what they say. I can't prove it statistically, but I'm going to trust them that they're not lying. And if that's the case, you don't chase the big option positions, unless you're like in, on it at the get go, like nobody knows about it.

And then you'd jump in. And then, and then, and then you're like a celebrity that goes on TV and say, Hey look, everybody, that option is pretty important out there. And everybody wants for it. Then you get out of your position. So if you're early bird on that, on that movement, you might be able to capitalize on it.

But after all said and done, the market makers are not going to let price bull through it. So you better be early enough to capture, to move. Otherwise you, you flip and you sell risk just above it because it's going to be resistance. If you need to note charts, you need to use charts. Um, if you're an act, actually, if you're any kind of trader, so let's see here, spy, and you need to be prepared.

So every day, uh, 30 minutes every day, I share the map for today. So this was this morning. These are the lines from this morning, we sliced through some support. We're hitting another piece of support here. Uh, 4 62 is the place where I'd be interested in buying the dip. Uh, the bulls are in charge. We learned nothing new today.

Inflation's hot. It's been hot for a year. Um, maybe now the speculation is rate hike. Uh, so finally the movement in the dollar and in the bond market are, are singing that tune earlier today. It wasn't last night. It wasn't. So now finally bonds fell apart, which means the market is pricing in a rate.

Conversation. So now it makes sense. This drop here today. It makes sense. Earlier today, if you're in a chat room, it was funny because I was saying, you know what? This is going to be a bolt, a bear, a bull trap. Again, first of all, yesterday we had four. We haven't had bull traps since September intraday. And then today the Vicks fell apart and the VXX fell apart.

And the SMP had an easy breakout right there and they refuse to do it. They had an easy setup right there and the VIX was falling and they chose to do this with the. They did this and then the VIX fell again and they fell with the VIX again. And now the trend is down with the VIX and the VXX. And then finally the Bayer said, oh, okay, we'll take it because the bulls took the ball and dropped it at the end zone line and walked away the other line, the other way.

Walk the other neck, Nick. Uh, we got a couple minutes left. Can we quickly look at Peloton here? This is for, okay. Who in the chat asked about Peloton. I want to do this for you. It was Roger is Roger. Roger. Roger. Okay. Okay. So Peloton, technically now fulfills an, um, some sort of a bearish pattern. So I shared a couple of longs on it and I said, stop out, stop out.

And hopefully they listen. And then, uh, part of the video I shared was, Hey, this is a possibility I had these letters from way up here. So guess what? There it is. Um, this is an old breakout zone. This is a weekly chart by the way. So we're looking at last year is may out of the pandemic. Um, so logically it should find footing.

The two lines I would look at is where it is right now and the base of somewhere around 40. So, but here's my fear. This has become like a biotech company with regards to headlines. So if I'm long, I'm not adding. If I'm looking to get long, I would, but I would stop myself at X percent loss, uh, because the lines are not going to help you with.

It's support ish. Um, so I can't tell you, it won't go to 30, but it should hold 40 and it shield hold where it, where it is right now. So if I get long, I make sure that it's not short term. It's either shares or long dated calls or call spreads. Call spreads are better, um, or sold put spreads. I wouldn't sell a naked foot because I can't trust the company.

Uh, so nothing bad about it. It just becomes headline and I lose an edge. So you, you have a lot of question marks. So, um, Peloton longer dated concept. I just shared shorter data. I mean, there's nothing to be said here. Yeah. That's 49, I guess. Well, one more from, uh, Martha on, I hope I'm saying that right, please.

Correct me. Uh, Airbnb, which I think Kramer just said, just said he was buying. No, I think he said it was, he can't buy or sell button. So he says. Okay, so Airbnb. Okay. So Airbnb is, um, this was a trigger where they tested and they went and they repeated the process right here. So that was a breakout zone. Um, S so I don't want to say it's not, here's, it's not an obvious entry point for me.

Um, good company, good business, future, et cetera. But that's a giant gap. It's almost like roadblocks where it's not an obvious entry point. So if it loses 180 6, for whatever reason, whether the market is correcting or it is, uh, it hits a hiccup. Um, I can tell you, there is support at 180 5 to 1 75. I would buy it there.

So if I'm looking to get long and I'm somewhat patients, I'm not urgently seeking anything, I would either sell a put to own the shares there, which would be pretty fruitful. So if you wanted to buy a hundred shares, I suggest that you study, I'm not suggesting you do. Um, I suggest you study selling a put to get into a stock.

You'd want to own what was the number? I said 180 5. Okay. So let's go with, uh, one 70. Somebody will pay you a $300 today. If you promise you buy a hundred of their shares within the next 37 days. So the way it happens is, and I would never do this unless I want to own shares, and this is not a trade recommendation.

Uh, so when I sell this, put somebody out there is buying it and the person buying it has a guarantee from me that I will buy their shares anytime they want in the next 37 days, price does not have to be at or below that price. They can do it any time. I've never seen that happen, but they can. So if it falls to 1 65, I will wake up one day, maybe with a hundred chairs, this position, which showed a lot of losses would disappear with all the losses.

I keep the money I collected. My break even point is 1 67. Then I own shares and no losses. The puts the losses from the foot position sold would be tremendous. There'd be huge. But as soon as they give me the shares, they go off the board and, uh, I keep the money. So my break even point is $3, two 50 below.

That's how I would catch a falling or get long and leave room for error. We have to wrap it up. Uh, but Nick, uh, Nick, I miss you as well. It's been far too long. It's great to actually see you, uh, and your, your, your best. T-shirt give me your best. T-shirt only the best for us. Um, and I put the link, everyone to Nick's, uh, options newsletter in the chat right now.

And it's also in the description of this video. Uh, Nick, we will definitely get you back on, on a recurring basis off all. All right, Nick, have a good rest of the day, man. And maybe we got a hot man, cause the roadmap is going live right now, our NFT show. And I think they might already be live this video and to redirect to that.

So please remember all of the information from our show meant to be used as informational purposes and not for investing or trading advice. I hope you had some fun. I hope you it. Whoa, look at that. Hope you had some fun, hope you learn some. We'll be back tomorrow. The roadmap live right now. Boom. See y'all later.

Peace and loving your name.

Support this podcast at — https://redcircle.com/zingernation-power-hour/exclusive-content

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy