[MUSIC PLAYING]
Hey, guys.
Welcome once again the
TD Ameritrade on Twitch.
I'm Anthony Panzeca.
This week, I am joined by--
Producer OB.
That is Producer OB.
And we have Bill.
Is that a recent pic of Bill?
Where did that-- where'd
you dig that up from?
Well, Bill's out
on vacation today.
So we just kind of
trolled his Facebook
to find what looked
to be the most
vacation-y millennial
picture I could find.
And he's just, you
know, taking it all in.
It looks like maybe the Pacific,
just walking through the sand,
walking through the ocean.
Yeah.
He's enjoying his day
off we're, you know,
working hard and twitching
for the folks out there.
He looks very peaceful.
I wonder what's going
through his mind right now.
Well, he's not wearing his mask.
So, you know, that's bad, but--
That's true, but still.
But yeah, we-- you know, we
like to raz Bill a little bit
when he's not around.
Yeah, well, he's probably
watching and probably
laughing at us right now.
But we do have some new
followers from last week.
We got some markets
that are up pretty big.
But why don't you take us
through the new followers,
Producer OB.
Yeah.
I'll see if I can
do as good of a job
as Bill does on a weekly basis.
We've got DocHolliday82,
AMeasy89, WholeGrain632,
LediNaste,
JannaHauer, NiceTryan.
That's an interesting
play on that word.
SquareKangaroo, PowPowPowerLive.
That's a nice use of
alliteration there.
UseBijor71, JYAwesome.
LuxuryLeo_, PrestoPatronUX,
AMark2019, Dale_HSU,
SunDaisy_1, BachtaSon.
And then this is my
new favorite follower.
If you're in the chatroom,
let yourself be known.
But PunkMetalSka.
What a great, great username.
Because those are
three genres of music
I certainly enjoy, one more
than the other, if you know me.
And then AlanWRick074,
StalinBear.
And then I think
that gets us back
to where we were last week.
Markets, however, doing nothing
but going up recently, Anthony.
We've got the Dow up
261 points, the S&P up
33, the NASDAQ up
56, the Russell
almost just above
[INAUDIBLE] for the day.
But all four majors
up on the day.
Thanks for the follow, guys.
And I love that we have
HumbleHuxtable saying hi
in the chat.
Love that name, too.
That's fantastic.
We've got TroubleGaming is here.
And yeah, [INAUDIBLE] the
boys are back minus Bill.
And we're going to kind of
get into some of this stuff.
You know, like--
there's just been
a purple elephant in
the room about what's
going on in the markets.
And Producer OB and I are
going to address that.
Is it purple elephant or pink?
I don't know.
It's some color.
We've talked about--
you know what,
you did the same thing maybe
a year ago on like our second
or third stream.
I had this whole conversation
about elephants in the room.
I just don't know
what color it is.
We're going to have to
go to Urban Dictionary
and check it out.
TroubleGaming, Dallas and
650 points away from year
to day high, can you believe it?
Yeah, that's unbelievable.
Let's get to that, guys.
Let's get that.
Before we do, a few ground
rules that we have to go over.
The information
presented in this stream
is for illustrative and
educational purposes only.
It is not intended to
be investment advice
or construed as a recommendation
of any particular investment
or strategy.
Bill and today Producer
OB and I are not analysts,
and we cannot provide
specific opinions on stocks
or their performance.
And remember, guys, no ETFs.
If we discuss ETF, the
stream cannot be archived.
Please follow the
chat guidelines
located below the video
player on our Twitch page.
And if you choose to shadow
trade us in your paper money
account, that is fine.
However, any trading placed
in your real money account
is your decision alone
and is your responsibility
to evaluate [INAUDIBLE].
Now let's get back to the
purple elephant in the room.
Markets keep going higher.
People keep asking why.
That's probably the crux of it.
There is a lot of, obviously,
a lot of news that is going on.
You know, that's been
going on over 2020.
Obviously, COVID, right?
But we have an
election coming up.
And now, we're kind
of in the middle
of-- getting to or
approaching earnings season.
And some of these stocks
are just taking off.
A lot of this rally
has been led by what?
A few names, right?
And a lot of people
talk about that.
You talk about Apple, all
the FANG names, right?
And most recently,
you've had this huge run
up in stocks like
Salesforce and Zoom
and Crowdstrike also having
their earnings today.
That's been a wild ride.
It's just puzzling, you know?
I talked to a lot
of different people.
I mean, what is your
take on this Producer OB?
Like people that you even
talk to like on a daily basis,
like what are they
saying about the markets?
Are they just really rabid bulls
that are just kind of like, you
know what, I need to
jump on this train
because it's clearly leaving
the station without me?
Or is it, you know, we better
be careful at these levels
and maybe either take
some off the table
or, you know, I don't know.
I mean, what do you
gather from all that?
Well, I would say
like, it's funny
if you watch financial news.
And let's say you had like
the financial news Bingo
scorecard with all the good
catch phrases and everything
that guests and
contributors say,
probably the biggest one you
would get on your car right
now is discounted future
cash flows, right?
You have all these growth
companies, 0% interest
rates that, you know, they're
projecting out quarters
and quarters ahead.
And so the stock
is pricing that in.
That seems to be
a popular opinion.
You've got the weighting
argument, right?
The top five stocks of the S&P
500 now are their own quartile.
So they basically make
up 25% of the index.
Apple today, you know,
basically their market cap
surpassed the FTSE 100.
I mean, think about that.
One stock has a bigger market
cap than the biggest 100 stocks
over in London?
Is London the FTSE?
Yeah, I believe so.
Right?
So, you know, the valuations
on some of these stocks
have just gotten
so far, so fast.
Yeah.
Whether or not they're
justified or not.
You know, Oliver Renick, who's
the anchor on TD Ameritrade
network, who's our separate
but affiliated media
affiliate for TD Ameritrade,
he had a post out there today
talking about how maybe
the expectations had just
gotten so bad at the
bottom of the bear
market and the
pandemic that we just
sort of overshot
on the downside,
and now we're overshooting
back to the upside.
So, you know, a lot of things
you can attribute to this.
But ultimately, it comes down to
those big mega cap tech stocks
are just carrying the indices.
Now if you go
under that, there's
still plenty of stocks
within the S&P 500
that are still below their
50 day moving averages.
They're still-- you
know, the Russell
is still lagging
the other indices.
And that's a much wider
swath of the smaller
part of the companies
in the economy.
So indices look great.
Certain stocks look great.
But in terms of the
holistic market and economy,
jury's still out.
Yeah.
Yeah.
I think Oliver kind of
hits the nail on the head.
And I think that
from the beginning
though that was kind of
done by design, right?
Didn't they kind of want to--
you know, CEOs and
CFOs come out and say,
hey, like this coronavirus
thing is going to-- this
is how bad it could be.
And they kind of set like a
bar that was extremely low
and said, you know, let's just
get it all out on the table
now.
And just say, this
could be very, very bad.
And then later on we can--
you know, if we overshoot
on our earnings,
that's the best case scenario.
Because the other
way around, right,
if they underestimate
how bad it's going to be,
and then now they're
coming out with earnings
and they're missing
expectations,
you're potentially looking at
a lot of these stocks stocks
really getting beat up,
because they're being looked
at as being underperform.
But now, we're seeing
like this gigantic shift
too into names like
Salesforce and Zoom.
And there's a lot of people
getting-- you know, DocuSign.
I mean, you could keep going on.
These are the work from
home types of names.
And obviously, you
have the other names
that have done well too.
And like here's the thing
though from a trader standpoint.
Obviously, fundamentally
here a lot to digest,
I feel like, right?
And you could sit
there and digest it.
And you could come out
and say, well, this
is wrong because it's
being overvalued,
or this is right because
this is a new trajectory
in our economy.
What matters, guys, and the
title of the show today,
is momentum.
And that's what we're
going to be talking about.
I mean, the market doesn't
care about your opinion,
to be honest with you.
So you can either ride
the wave or you cannot.
So, you know, I keep
giving this analogy.
And I'm sure of a lot of
our viewers watch sports--
in particular, MMA.
Right?
So think of yourself
as a cage fighter.
You're in the ring with
another human being that's
basically trying to kill you.
And you come up with a strategy
that you think will work.
And then it does start working.
You keep doing it
until it stops working.
You exploit your opponent's
weakness until it stops working
and you change your--
you change your strategy, right?
Accordingly.
Well, it's pretty
obvious what's going
on here is the market's just
been going up and up and up.
There hasn't been like
big up days in the Dow.
We haven't seen like
big 2000 point days.
But we see, consistently,
100, 200, 300 point days.
NASDAQ kind of right there
with it in percentage terms.
Like you've got to build
your trading strategy
around what's working, guys.
And I see a lot of
people, really, they--
you know, and people I
talked to on the phone,
they try to pick the top.
And now they're trying to like
buy puts and stuff like that.
And then they kind of
wonder why it doesn't work.
Remember, it's
like the same thing
as trying to pick
the bottom, guys.
Right?
If you try to pick
the bottom, it's
like catching the falling knife.
Very difficult thing to do.
And that's fine, guys.
If some of you out there
are bearish, that's fine.
But wait for that
moment to come.
The market has not proven
that we're in a bear market.
It's been very, very much bull.
So again, we've got to exploit
our opponents' weaknesses,
right?
And just keep doing it until
it doesn't work anymore.
Right?
And the long side is
what's proven to work.
Obviously, as you can see off
the graph and off the chart,
you know, that's
definitely proven--
you know, it's
proven itself out.
But what do you got
there with the chart?
I mean, basically you've just
got the S&P up one year daily.
And it's literally
almost off the chart.
It literally almost is.
Which is-- it's interesting
because, you know,
there are people out there
that analyze chart patterns.
And what has become a
very repetitive pattern
over the last decade is sort
of this waterfall spike down
followed by this kind
of quick reversal
and then just a
steady grind back up.
And a lot of people analyze
this and kind of call
this the algo pattern.
You know, this is
essentially what algos do.
Like, when they run for the
hills, like they did in March,
they basically sell and
it turns into this kind
of repetitive loop,
where one algo sells
and then the next and the next
and the next, until eventually
it finds bottom.
And then all the algos sit
there and go, oh, everything
is undervalued, start buying.
And as those valuations
change and those inputs
into those Quant
formulas change,
you start seeing this market
activity that, you know,
this is a one year daily chart.
But if we brought up the one day
chart of the flash crash, which
happened over a period of
roughly an hour or two,
it looks relatively similar
in shape and sort of the way
that the market recovers
from a quick sell
off in this sort of
technology trading age.
But, the other thing about
your analogy, Anthony,
which is pretty interesting,
is, you know, use
the same move until it
works, as long as you
don't expose yourself
to a fatal flaw, right?
If the person you're
engaging with has realized,
oh, my opponent has
left themself open,
and I can take advantage if I
just get around this one move.
To, you know, basically--
momentum is great,
and if you're trading
the trend, that's great.
Just be careful not to press.
And if we were in Vegas,
right, press your winner,
press your winner,
press your winner
until, before you know it, you
have an entire stack of chips
on the table and one
roll doesn't go your way,
and then you're out of the game.
And that's [INAUDIBLE].
I love the addendum you put on
the end of the analogy, right?
Because it's like
an MMA fighter.
He's in the ring, and he's
clearly exposed this opponent's
weakness.
But here's the thing.
One punch can change the game.
If you leave yourself open--
too exposed to the downside,
to piggyback on that analogy--
leave yourself too open,
and the guy comes along
and he cracks you and
he catches you cold?
Undefined risk, right?
Yeah.
You've defined your risk.
You have to make calculated
moves all the time.
And it's OK, too, when you're
making some money, to press up
and to maybe press your bets
up a little more, per se.
But you can't-- you always
have to be conscientious
of your downside risk
and not to do this--
cycle up, you made
a lot of money,
and then you lost it
all in like three days.
Like that's no way to live,
and you can't live and die
by the same strategy.
So I love the way
you've added to that.
And that's the difference
between a trader
and a gambler, right?
A trader manages their risk.
A gambler always
thinks about, well,
if I just place one more bet
and I get this one right,
I can retire, I can
do this, I can live
this life I've had in my head.
And then it's like--
March is the perfect
example, right?
We were at all time highs.
We had VIX near all time lows.
We had a little bit
of a sell off when
corona-- if you look back
at when coronavirus first
hit the headlines.
And then it was like,
all of a sudden, panic.
And then it just
fed upon itself.
So just be careful out there
as we reach these new all time
highs in the major indices and
we look at NASDAQ, obviously.
That thing-- it hasn't
even looked back
from its all time--
it's incredible, really.
Back to what you
were saying, though.
Isn't that like
really easy to do
to fall into that trap,
where a trader can almost
become a gambler like that?
Because you have this
fear of missing out.
You're making
money, but maybe you
feel like you should
be making more.
Or you heard about how a friend
made a blind-- he was probably
on blind luck, but he
made a bunch of money,
didn't put up a ton of
capital and just got lucky.
You know, I think that
there is that too.
And traders have to be wary
of your own mindset and not
to get caught up and
fall into that trap.
We see it every
day on Main Street,
to try to keep up
with the Joneses
and try to have your neighbor's
house and this and that.
You've got to do you.
You've got to do you
when it comes to trading.
You've got to do you when
it comes to your money.
And you have to be constantly,
just trying to hit singles,
doubles.
Every once in a while,
you hit a home run,
but don't leave
yourself exposed.
Yeah.
And the chat's basically
saying, you know, Jake shot--
two rules he follows
when the VIX is high,
he buys and doesn't
fight the Fed.
That's interesting,
because a lot of traders
see, when markets
are up and VIX is up,
that that's actually a
contrarian indicator,
and to kind of pump
the brakes and be
careful for something common.
And then DSherwood MathMan
says, I'd rather take my walks
and get singles
than strike out all
of the time with the
occasional home run.
Well, that is risk defined
trading, essentially, right?
High probability
trading risk defined.
Be right many times
over the long run,
then kind of go
for that big hit.
And home runs happen, right?
Like you can have
a home run trade.
You can have those
along the way.
But if you're trying to
do that every single time.
And when you said, Anthony,
people trying to pick the top
is probably the time when people
most try to hit home runs.
Like oh, we got to
have a turnaround.
People were saying we needed
a turnaround back in 2012.
And they were short the
market until they just
couldn't take it.
So the market can go up.
[INAUDIBLE] traders
fuming right now.
Don't know what that means.
SuperDude9.9.
Go back to-- I like
what Jake Schott said.
I mean, dude, I'm still a little
puzzled why the VIX is going up
and the market's going up.
You know, that's
interesting to me.
Like what is that going
to prove out to be?
You know, is it because we're--
here's my theory.
Maybe as we get closer and
closer to the election,
that there's going to be
people that are buying premium.
And you know what?
Like, honestly, buying
premium on the call side
has done extremely well.
I mean, can you imagine if you
had Zoom calls the other day--
any one of them?
Pick any one of them.
If you had Zoom calls the
other day, I mean, you crushed.
You absolutely crushed.
So I'm actually seeing
a lot of call buyers
too-- just straight up
call buyers that are,
you know, just taking
a gamble there.
And [INAUDIBLE] paying off.
There's been a lot in the
financial media looking back
at kind of the dot com era.
And some indicators
are showing up nowadays
that we haven't
seen since that--
which is essentially
like, you know,
anytime you read a
news article it's
like, the last
time this happened
was at the top of the
[INAUDIBLE],, right?
Doesn't mean past
performance is an indication
of future results.
But when you sort
of get these levels
that just seem so far, so fast.
Yeah.
You have to be
weary of a pullback.
Even if it's just a
normal correction, right?
Yeah.
Even if it's just a normal--
if you think about it, if we
have a 10% correction, which
many would argue
we're overdue for,
in the S&P 500,
that's going to take
us to roughly back to the 3,200
handle, somewhere in there,
right?
350 points.
Yep.
So that's basically
going back to--
you know, kind of draw that
line on the chart here.
So that's a big move.
Now that, once again, we're
back in these big numbers
on the indices, the 10%
correction, that's a big move.
A lot of points now, because
we're up higher, right?
That's 1,200 NASDAQ points, too.
You know?
3,000 points almost in the Dow.
As we get higher, these moves
are going to get bigger.
And I mean, wow, what a--
probably probably
this is the best time
to ever trade
options in history.
Because there's so
much liquidity, and now
you have so much
volatility and movement.
And so let's kind
of get into that.
So somebody-- I think SaturnSPX
wanted us to kind of go over
JP Morgan.
Maybe [INAUDIBLE] there?
I don't know.
Let's see.
Let's bring up a chart of that.
Let's dig a little bit.
We'll put on some
momentum plays here, guys.
I have a couple symbols
that I have in mind.
But we'll look at JPM.
JPM, there's been
talk on a lot of media
right now about this is--
financials, along with energy,
are still two of the
biggest beat up sectors.
And because low interest
rates are probably
going to be here for a while,
what's the bull case for banks?
It's kind of hard to see that.
But if you have a
question, specifically,
SaturnSPX, about the JPM
chart or something to look at.
I don't know if
they had earnings.
Doesn't look like there's
a market maker move.
The stock's really just kind
of been around this $100 level.
Once it recovered--
[INAUDIBLE]
It's almost--
[INAUDIBLE] how that's like--
you know, that was always
the thing with IBM.
It was always around $100
and even kind of still is.
Yeah.
And JPM is kind of
doing the same thing.
But if you were looking at
a stock like this, Anthony,
that is probably
considered by many best
in breed of the financials,
if not in the top three.
You know, $100 price level seems
to be oscillating around there.
If you're looking to do
something in this name,
is your initial
thought iron condor?
Is it [INAUDIBLE].
You know, where do you look at
when there's really nothing--
implied vol is not
really that high.
Yeah, you don't want to buy--
right, so going back to
what we said before, right?
So the trend is your friend That
was an old floor mantra, right?
So if we look at what
the trend has been here,
it's been not much
volatility, right?
Because we've been sitting
around 100 for a long time.
But a general upward bias.
I mean, that smells like
put spreads all day.
I mean, I think if you've been--
you know, if you've
been selling credit put
spreads for the
past six months, I'm
sure there are a couple of
times where you got blew out.
But for the most part,
you're probably making money.
So I don't know.
You could do iron condors too.
I think anything really where
you're just selling premium
and your bias is to
the upside, that's
what kind of where I would go.
And that would be the
genesis for me of the trade
is just to look to see,
what's been working?
And see, you know, OK.
Well, let's jump on
the side of that.
Maybe that's going to
continue, but it hasn't proven
that it's going to change.
So, you know, that's kind of
where I would go with that one.
Yeah and the options--
you know, like I said, the
implied volatility right now
is on the low end of its range.
The implied vol for 30 days
out is sitting about 40%.
So nothing too--
these bank stocks
have kind of been snoozers.
Yeah.
Yeah, I mean, you
could sell slightly
out of the money
put spread or even
like at the money put spreads.
I do that sometimes in my
paper money account, where
I'm just like, you know what?
I'm going to go ahead and tell
us [INAUDIBLE] put spread,
hope at the end of the
week that it's higher
and just collect data.
You know I mean?
There's always premium
there at the money.
And even still, like with
JPM, I mean, consistently,
if you just kind of go in
there, keep a strategy where
you're going to get $0.30 or
$0.50 on the dollar for all
your put spreads that you're
going to sell, I mean,
it seems to have worked.
But if you buy like out
of the money premium,
like you've probably just
eaten it and lost money on it.
And you're hoping for
like a big move one day,
and it's just really
come to fruition.
Yeah, it just does nothing.
Well, let's put
out a put spread.
If you're going to
do this, are you
going to go out 30 days to
collect some of that data?
Are you going to do it near?
Well, let's see.
Let's go back to that chart.
It seems like we're at the
bottom of a channel here.
So I'm like--
I'm feeling like, you know,
we can go shorter dated
and not have to wait.
Because you feel like this is
at the bottom of a channel,
and it's going to
stay in the channel.
If you look at
like a year chart.
You know, I'm more comfortable
going with short term
maybe this week or next week.
Maybe sell on-- let's do
this, next week, September 11.
119-- let's see, 100, and then
we'll go pick a put strike here
that makes sense.
[INAUDIBLE] there.
Even like the 99, and
then buy the 99 then.
You know, that's $1 wide.
And what do we get for that?
Next week, $0.32.
So this is next week's up 11?
Yeah.
Selling the 100, buying the 99?
Yeah.
I'm showing $0.43 mid.
Yeah.
There's almost a 50/50 shot.
Yeah, pretty much.
You know?
And you have some wiggle
room at the bottom.
Presumably, we're thinking that
$100 might be a support level
and we're going to kind
of continue our trend up.
So--
Well, do you want to put
just a little bit away
so maybe we get a move
up to get filled on this?
And then hopefully-- yeah.
So instead of trading
it right here,
maybe we give this a
little breathing room,
maybe put it up around
$0.50, and then--
Well, for $0.50, in order to
get filled at $0.50 on that one,
the stock would have to
come down to 99 and 1/2.
OK.
So has it been there today?
Actually, it was.
Let's do 49.
Check 49.
OK.
$0.49.
How many times we
want to put on?
Five?
Yeah.
10?
Let's do five.
All right.
So now we've got our first
trade on for the day,
and we'll work that
good till cancel.
Selling the 199 put
spread for $0.49.
We're going to work that
away from the market.
Max loss is going to be just the
difference between our strikes,
guys.
So $1 wide minus 49.
So we're risking 51 to make
49, almost a 50/50 shot here.
Paying a little bit in
commissions, because
of the $0.65 per contract.
So we'll send that off.
Speaking of trades real
quick, let's look at what
we did last week really quick.
Kind of trying to remember
exactly everything we
did last week.
Let's go out 10 days.
We managed some
of our positions.
We put on some new positions
in Dick's Sporting Goods.
We rolled a trade out in Cisco.
Let's look at those.
The Dick's Sporting Goods, we
are long the 55/60 call spread.
Right now, we're
up on the position,
but it's been getting
hit a little bit today.
Yeah.
That's right [INAUDIBLE]
the paper money commission
is always crushing us.
Yep.
I still think
we're good on this.
This is doing, actually,
exactly what we wanted it to do.
We wanted last week's put
spread to go out worthless.
It did.
And now we can
actually do another one
to chip away at that premium.
Let's look at-- let's look
at-- well, the stock's down.
It's a good time to sell
put spread in my opinion.
I'm just thinking this
week or next week?
So our position's in the
Sep 18, so we have 16 days.
And there we are.
Our long strike is a
little bit in the money,
and our short 60 call is
still out of the money.
So essentially
what Anthony saying
is we bought this
call spread, now we're
going to sell some
stuff to reduce our cost
basis on what we paid for that.
So we go out next week
to the Sep 11 again?
Yeah, let's look at this
September 11 55/54 put spread.
I know it's real close, but
I'm a little more comfortable
doing this right now
because the stock's down.
And we're getting a better price
than we could have yesterday.
So I'm hoping that the
upward trend continues
and we get that bounce.
So I'm looking at
selling that one.
How many times do we
have the long call on?
Long call spread?
We have it on five times.
We paid $1.45 for that.
I'm not seeing that
we sold anything
against this last week.
So I think this
is the first time
we would be reducing the cost
basis of this call spread.
I think maybe we
tried to work an order
and possibly didn't get filled.
But that's OK.
Let's look at selling
that one five times.
So it's adding more risk.
We're obviously adding
more risk to this.
So if the stock
keeps going down,
it changes our risk profile.
Last week, our max
loss was 145 times.
So now we're adding on--
this is a one pointer for 42.
Maybe we get filled--
we'll do that at 42 cents.
So we're risking an
additional $0.58 times five
on top of our $1.45.
So it's adding risk.
But if it goes our way,
it reduces our cost basis
on the call spread.
Yep.
We're selling a little
bit of faded decay.
We're definitely staying
bullish and just kind
of playing that trend.
We'll keep an eye on it.
If it reverses, we'll
buy our way out of it.
We'll buy it back.
Onward and upward.
Our workhorse position
from a few weeks
ago when we did five
trades in one hour,
we're long the 17/22 call
spread, 16 days left.
That position is up,
although it's down today.
We're up-- let's see.
We did the trade for
[INAUDIBLE] call it,
$1.20 it looks like
we paid for it.
Right now, the spread's
trading for $1.85.
So we're up slightly on it.
Is it the 17.20?
17.22.
That's what I thought.
17.22 OK.
And it expires in
a couple of weeks.
Yeah, I would say we just--
we let that one cook.
We can do something similar
too on this one, with the stock
down, kind of taking
advantage of that.
We do have one of--
you know, another work from
home stock, CrowdStrike,
which might actually
move this tomorrow.
They're going to release their
earnings after the close.
There's just not a whole lot
here to kind of go after.
BillDozer2019.
I don't know why that
name's so familiar.
Is that someone we know?
BillDozer2019?
Did I see you at TwitchCon
last year BillDozer?
I know who BillDozer is.
BillDozer is Bill.
Is it this guy?
What's he doing?
The guy that was
walking into the abyss.
I don't see a
phone in your hand.
[INAUDIBLE]
There he is.
[INAUDIBLE]
Make sure you're wearing your
life jacket and a mask, please.
All right.
So Workhorse, yeah.
I mean, let's see what
these options are doing.
I've got to take advantage
of doing some of these trades
while Bill's not here.
Because he doesn't like me
selling near out of the money
put spread.
So maybe we should just do
it because he's not here.
The long call spread that we
have expires what, the 18th?
Yes.
OK.
Let's look at--
Bill's not here.
Let's look at-- oh, I
actually like this one.
I'll tell you why.
September 11, 18 and 1/2,
17 and 1/2 put spread.
Look at selling that.
So selling the 18 and 1/2 put,
buying the 17 and 1/2 put.
Selling 18 and 1/2,
buying 17 and 1/2.
Let me just make sure-- we
have workhorse on four times,
so we'll do that four times.
Yeah.
Trading for $0.55, so--
It's interesting, right?
Because it's out of the money,
and we're still getting $0.50
on the dollar.
That's why-- you know,
not a recommendation.
The reason why I said
I like this trade
is because of the amount of
premium that we're getting.
It's high.
It's relative.
You should be getting
closer to what we just
did on Dick's, right?
Like more like 42.
Right.
So there's some
put skew in here.
There is.
And you could see
that even if we were--
even if it's a paper
money fill or not,
we could go in and sell it on
a realistic bid and still get
$0.40 on the dollar, you know?
So I think in a
real money account,
you'd still get filled
at probably like 45
and possibly even [INAUDIBLE].
All right.
Well, you know, we're trading
momentum in this episode.
So we're assuming that
the trend is our friend.
And this, it may be a
warning sign, right?
It may be a warning
sign that there's
put skew in these options.
Right.
We learned that in
Kodak, our Kodak position
not doing so hot from
when we were talking
about unusual options activity.
So those are working--
I don't know what
you're talking about.
I have no idea.
I don't remember
that episode maybe.
Yeah, that Kodak's trading
at 730 and we got this--
we financed the call spread,
a really strange call spread
with a put spread.
None of that seems to
really be doing much for us.
So we're just going to move on.
Still 135 days
left in that trade.
Jane [INAUDIBLE],, can we sell
Straddle and CrowdStrike?
We'll look at CrowdStrike.
Let's go to
CrowdStrike right now.
Real quick, we got one
last position to manage--
one last position,
our Cisco, which is--
talk about momentum.
We've got the--
we're long the 45
call, which expires in 16 days.
We've sold a few calls
against this already.
The short 42 and 1/2
call has two days left.
We sold it for 42.
It's trading for 43.
Do we roll this and try to
collect another few pennies
on this?
I'm sorry.
The print's a
little smile there.
That's the September 4 what
strike call that we're short?
42 and 1/2.
So--
Stock's trading at 42.27.
We've got half the
value out of the call.
How much did we sell it for?
$0.42, and it's
trading for $0.23.
Oh, OK.
So we got to half the
value out, roughly.
Two days left.
[INAUDIBLE]
Want to roll it to next week?
Yeah, so we're
going to roll this--
if we keep it at the
42 and 1/2 strike,
we can roll for it
for a $0.30 credit.
Yeah, let's do that.
OK.
Sounds good.
Sounds good.
All right.
So we got four working orders.
Paper money guys
being stingy today.
We're not getting
anything filled yet.
But let's move on to--
Oh, CrowdStrike.
Oh, I've been waiting all
day to talk about this.
JPLopez.
I just-- I sold this so I didn't
have to look at it anymore.
Cisco's off my plate.
You know, I don't know
why we did this, Anthony.
We did the same things
like eight months ago.
And we had to roll this poor
man's cover call for months.
And we were like, just
get this off our books.
Yep.
All right, let's
look at CrowdStrike.
It's interesting underlying--
Oh, all right.
Can we just bring
up today's chart?
Bring up the
intraday [INAUDIBLE]..
Yeah.
I mean, it's-- all right.
Guys, a little
back story, right?
So, you know,
CrowdStrike, they're
in the internet
security, whatever.
They have earnings
after the close.
There's a market maker move
right now-- about 27, 28.
It's already done it today.
It's already moved.
Like the range today
is huge, right?
What do we have?
A high of 153.10, low of 130.
You're looking at a $24 move
it's already made today.
And you're looking at--
the earnings haven't
even been released yet.
There is a-- if you
go on your Thinkorswim
platform and the
live news, you're
going to see that there is some
unusual options activity there
I guess yesterday.
The 150 strike,
interesting, right?
Well, those calls
were in the money,
and now they're
out of the money.
And who knows what
tomorrow is going to bring.
But look at that.
That's just incredible.
Yeah, the 150 strike
two days from now--
11,000 contracts traded
today, 3,200 open interest.
Pretty even dispersion.
Although, when you start getting
out to the 170/75 strikes,
you're seeing
higher open interest
relative to the strikes lower.
On the put side, looks
like down to the 125
we've got a lot of
volume open interest.
So yeah, people starting to
place their bets, so to speak,
on what's going to happen.
[INAUDIBLE] $27
market maker move.
And to your point, Anthony,
we saw that on the open.
And it's retraced
about half of it back.
It's trading right around
146.63 is the last price.
So the question that Jane--
[INAUDIBLE]
I apologize if I'm
butchering the handle.
But can we sell a straddle?
Now straddle is an
undefined risk trade.
But we've done one where we've
put protection on the wings.
We did that with Nvidia
going into earnings,
and that worked out pretty well.
Yeah.
The question is, do
you think you're going
to get a $27 move or more?
I mean, the premium is
there to sell it, right?
I mean, but hold
on your hats, guys.
I mean, we've already had
the move already happen.
It's hard for me--
just looking at this.
It would be hard for
me to look at this
and say, OK, this is going
to be a muted earnings
and it's probably
not going to move.
Like what reason do
I have to think that?
When it's already moved
like $24 today, right?
I don't know.
For all I know, it could
just sit at the strike
and not do anything.
But topic on the
show, guys, momentum.
Right?
So let's kind of go
with what's worked.
And what's worked is
like, OK, the other day
you had Zoom earnings come out.
And it really kind of
lived up to its namesake.
The stock was up
like, I don't know--
Yeah.
Let's look at a
one year on this.
I mean, it's been insane.
This thing a year ago was
trading in the $85 handle.
And now yesterday gapped up.
It was $130 something
on its earnings.
Just massive growth
for the company.
And the question
is, are we all going
to be living in a Zoom
world post pandemic?
It's just one of those
things that now has stuck.
People use Zoom
like a verb, right?
Like, you know, I'm
going to Zoom you.
Like all the
telltale signs of a--
But then again, it's
video technology.
Can someone come along and
come up with something better?
It's a great question, right?
Yeah.
I mean, when somebody
asks me a question
like, can we sell a
straddle in crowd strike,
my first response
is another question.
Are you financially suicidal?
Right?
I mean that could
turn out to be huge.
It can, because there's
so much premium there.
But we can use the
premium in a different way
that-- where we can
sell some premium
and get long at the same time.
So why don't we look at a
strategy that does that.
Yeah, I mean, you bring
up a great point, Anthony.
Right?
Let's say you thought Zoom--
I don't even know
what the market maker
move was yesterday.
If anyone knows, please tell us.
But I can't imagine was $132.
So if you sold that straddle,
and you sold it in quantity
thinking, oh, there's no way--
you know.
This thing's due for either
just sort of a dud or--
you would have gotten
blown out, right?
You blew out.
Because it moved like
three standard deviations.
Yeah.
And that's the key.
That's the key, right?
The model doesn't-- you know,
your model can't predict that.
Like that goes so far
over where, you know,
you're moving that far--
your account can actually
go negative if you're naked.
You know?
So with CrowdStrike, right, I've
got the probability analysis
tool under the Analyze tab open.
Based on where
it's trading now--
and the implied vol's at 112--
the options that
expire this week,
the one standard
deviation move is
$158 to the upside,
$134 to the downside.
OK?
So if you sold
the $158 straddle,
essentially I think the
at the money straddle
is the 145 right now.
Would that make sense?
Yeah.
Stock's trading at 146.
So yeah, if you sold
the 145 straddle or 150,
whichever one you did, I mean,
if you got a three standard
deviation move, I mean, you're--
I mean, forget about it.
Yeah, you can't--
you can't even--
you can't even-- your
model can't calculate that.
I mean, it's just--
Now here's the thing.
We can do that.
So we can do this on this tool.
That's what's so great about
the probability analysis.
Yeah.
By default, it's set to the
one standard deviation range
here at the top.
You can click this.
We go out three
standard deviations.
And now you're looking
at 187 to the upside,
113 to the downside.
That's three standard
deviations based
on the current implied
vol of crowd strike.
So this, guys, is a
great tool to sort
of analyze, what are the
probabilities of something
happening?
So if you get that--
now that would be a roughly--
and my numbers are
getting cut off,
but let's call it a half
percent chance of happening.
But still, as we saw
yesterday, it can happen.
Yeah.
Yeah, it can happen, right?
And you know, they were the
first ones through the door
as far as--
not actually Salesforce,
but there's another one.
Salesforce had really good
earnings what, a few days ago?
And then they were added to, I
believe the, [INAUDIBLE] today.
You know, so you're
seeing these--
guys, the writing's on the wall.
I mean, that doesn't mean like
the stock's going to go up.
But isn't there--
you know, we always
tell people to pay
attention to all the tools
and pay attention
to what's happening.
Well, you know, some
of its counterparts,
CrowdStrike's counterparts, have
been going up pretty heavily
on earnings.
Are we now going to
bet against this one
and hope that it's going
to go down for what reason?
I don't-- I don't see it.
And at the same time,
we can sell some premium
at the same time and get long.
Yeah, so if we going
to do a trade--
a trade example for CrowdStrike.
The 145 straddle right now
is trading just at about $30.
Hey, JackKnife, Let's keep
it PG in the chat, OK?
Yeah.
I'm going to deny that.
There you go, buddy.
Yeah.
That a boy, JackKnife.
Gee guys, please.
I love what you're
talking about,
but CrowdStrike,
really, you think
it has that huge potential
of potential to be like--
hit 2,000 a share?
I don't know.
I thought he was talking
about Zoom when he first
made that comment.
But maybe he's right.
I don't know.
I guess maybe he's just taking
it from the point of view
that right now earnings aren't
necessarily factoring in--
at this point in time,
with the pandemic
and everything, that right now
earnings, people are looking
ahead.
People are looking to
forward guidance and what
these companies are guiding.
Versus, say, what
happened last quarter.
Because you're getting--
every company is
going to have different economic
things that are affecting,
whether it's, you know,
pull through, like demand.
For example, you think of stocks
like in HP or even at Best Buy
has the sort of quote
unquote "back to school" rush
happened already?
Because everyone bought all
their laptops and computers for
work from home.
Like there's just so many
things that right now
everything's kind of--
you know, not normal,
I guess is the right--
And then [INAUDIBLE].
They are different
beasts, but they're all
connected in their own way.
You know, technology
and working from home
and working in general,
they all kind of
have-- they're all kind
of in the same subspace.
Yeah.
Thanks for the
follow, TylerSham.
But let's [INAUDIBLE] move on.
We've got a couple
other stocks that--
yeah.
So the straddle is
trading for $30.
Do we even want to do
anything with straddle
or do we want to
try something else?
Could we-- yeah, I don't--
I mean, I personally, I don't--
I mean, we could sell it
as maybe a cautionary tale.
But I would rather
do another strategy.
So you're saying we
should sell the straddle
as a cautionary tale
and just say, here's
how bad it could get if
the stock [INAUDIBLE]..
Put it in the air account.
Put it in our paper
money air account.
It's Bill's air account.
Let's get at--
Hey, you're welcome [INAUDIBLE].
Hi, guys.
Thanks to TD for providing
this learning channel.
That's what we're trying to do,
free learning, free education.
Wow.
I can't even-- I
can't even begin
to know what that
handle that just
felt [INAUDIBLE] underscored.
Yeah, thanks [INAUDIBLE].
[INAUDIBLE]
Hi.
I'm trading on TDM
stream, [INAUDIBLE]..
If you want to thank us,
tell all your friends
and tell them to follow.
That's how you can thank us.
Some Ben Bernanke praise.
That's funny.
All right.
Let's figure something out here.
We're going to put together
trading in CrowdStrike.
I think that it kind of
covers all of our objectives
that we talked about.
Well, we might have to wiggle
around the strikes, Producer
OB, so bear with me.
Let's look at selling the
140 put, buying the 135 put.
So we're going to
sell that put spread.
We got some
strollers rolling in.
Well, you know,
thanks TylerSham.
I wouldn't advise against
betting your life savings
on anything.
But you do you, bud.
You do you.
Yeah, Yolo baby.
Yolo.
[INAUDIBLE]
Yolo.
We talk about Yolo all the time.
And how it's a
terrible strategy.
Yeah.
It's a terrible strategy.
But you do you, man.
You do you.
Yeah, you do you.
Do whatever you want in
your paper money account.
So yeah, let's sell
the 140/135 put.
Say that again?
We're selling the 140/135?
This is all for this week.
140 puts.
We're going to sell those.
We're going to buy the 135 put.
OK.
And I want you to throw that
trade in the Analyze tab
separately from this next one.
OK.
So wait, what am I--
[INAUDIBLE] going to
adjust the strike.
So right click and
then hit Analyze Trade.
Got it.
And then so now we're
going to look at buying--
oh boy, the one-- how about
the market maker was what, 27?
20?
Let's look at the
155/160 call spread.
Let's see what
that's trading for.
So buying the 150 call expiring
this week, selling the 160.
What does that look like?
Is it total package or
just the call spread?
Just the call spread.
OK.
Buying the 155, selling the 160?
Yeah, buying the
155, selling the 165.
That's trading for $1.68.
Right click on that one.
Throw that [INAUDIBLE] tab.
All right.
So we've got a classic
risk reversal here.
We're selling a put spread
to buy a call spread?
That is correct.
We've got this stair
step risk profile.
So our max risk is going to
be what we paid for the call
spread less the max--
plus the max risk
on the puts spread.
That's going to be 373
to potentially make 627.
How much do we make
if it does nothing?
Let's hover our mouse
over the middle.
127.
What do we lose?
Max loss, 373.
And what's our max gain?
627.
Is 627 the max?
Really.
I thought it'd be higher.
Let's see.
Well, the credit-- we would
collect 272 on the put spread.
And the call spread would be
a max gain of 5 minus $1.45.
So that's 355 plus to 272.
So yeah, it's about 627.
OK.
So OK, let's adjust
the strikes here.
Go to-- let's
change the 165 call
that we're going to be selling.
Can you change that to 170
and see what that looks like?
So [INAUDIBLE] out
to a 10 pointer.
Yeah, well it's [INAUDIBLE]
point wide call spread.
Hey, BlueDog.
Thanks for the follow.
So it would be the
155/170 call spread.
Yeah.
So we're selling
the 35/40 put spread
to buy the 55/70 call spread.
Yes.
Let me unlock these.
[INAUDIBLE] max.
Yeah, unlock.
And then max gain on the top.
1,382 and we'd be risking 618.
2 to 1.
Want to try it?
Yeah.
And what do we
collect if nothing?
If it just stays?
We would lose $126
in the middle.
In the middle we lose 126, huh?
We need the stock to get up to--
sorry, this Analyze tab is not
being friendly at the moment.
All right.
You're going to hate me.
I'm going to have
you raise this.
Our break even stock price
would be somewhere around 156.
So we would need about a
$10 move to break even.
$10 move to-- that's--
Let me set the
[INAUDIBLE] break even.
It's doable.
Yeah.
We would need-- 156/38
is our break even.
So--
Yeah, we're going to
do one more thing, bud.
Let's move the put
strikes up to 145 and 140.
We're going to bring
it right to the brink.
The way I'm thinking of this--
the reason why I'm
thinking this is
that I'm thinking that there's
going to be a big move anyway.
And if we're wrong,
we're going to be
wrong on the put
side pretty bad.
We're going to get
it blown up on it.
We might as well
collect more premium
and move the put strikes up.
OK.
So max loss on
this would be $560.
In the middle, we'd be down $66.
And if this thing gets through,
break even on the top side,
we'd be looking at
a max gain of 1,424.
Sweet.
Let's do that.
OK.
So yeah, so there's the
genesis of that trade, guys.
And you see how we kind
of like went through it
and adjusted the
strikes are out?
You know, like this tool
here, the Analyze tab,
is my favorite tab by
far, my least favorite
being the Scan tab.
And that's only
because I have PTSD
from being on the trade
desk and people asking me
about the Scan tab and me not
knowing what the hell to do.
But the Analyze tab
is just fantastic.
You can play around
with the strikes.
And you can kind of like--
you know, what this
trade kind of does here
guys is it gives you--
OK?
So for how much risk--
$400 worth of risk is it?
I think it was
somewhere around $500.
Let's see, we got filled.
We paid $370 for the call
spread and we collected $3
on the put spread.
So $570 would be our max loss.
OK.
So $570.
Now if you look at
the option chain,
look where you have
to go to spend $570.
Let's say you just
wanted to buy calls
and you were willing
to risk $570.
You'd have to go all the way
up, guys, to the 180 strike.
Yep.
180 strike.
Now let's add probabilities
back into that.
So I'm going to add--
let's change this to
probability in the money.
But we do know, right, that
the break even on that,
buying those calls,
would be 180/570.
So your chance--
your probability
of getting your
break even is 15%
if you just bought
that 180 call.
And if we go back to the
probability analysis,
that was what we said was--
Always go to the max, max.
This is [INAUDIBLE].
Always go to the max risk.
Bill Perkins.
Yeah.
Always go--
So in order for you to--
if you were going to quote
unquote "Yolo", Tyler,
and you were going to
spend all your money
on a deep out of the
money call for 575,
you would have basically needed
a three standard deviation move
on the stock to
even make a penny.
So when people call
or ask their brokers
and scratch their
heads, hey, I bought
this call, and the stock
went up a huge amount
and I didn't make any
money, what happened--
[LAUGHS] You got killed by
theta and implied volatility.
Implied volatility crushed you.
That's what happened.
Yeah.
Right.
Those must be new strikes,
Producer OB, the 180 on up.
Those must be brand--
fresh new strikes.
V4Vanilla, interesting.
I like vanilla.
I did the crowd
trade Anthony went
over earlier on fast market
on my paper trade account's
already up $365.
So it's good that you guys are
doing this stuff in paper trade
so you can practice and
learn and see how it moves.
That's exactly the point
of doing this stuff,
so you guys can practice and
go through the thought process
without risking real money.
So good on yo,
V4Vanilla, good job.
Yeah, V4Vanilla, I think when
I was in [INAUDIBLE] market,
we did that trade and the
stock was like $10 lower
than it is now.
I think it was at like 135.
I actually put this trade in
on my own personal paper money
account this morning,
and it was at 131!
I mean, the stock has had
an incredible move today.
I expect probably another move.
Well, just hoping that
it's in our direction.
OK.
Anthony, we've got about
five, six minutes left.
Kind of going through
the chat room here.
We had some folks come in
from some Reddits, as we see.
Animate Day Trader.
Book map update for
public win on toss.
Is that-- if you can give
that in a new sentence,
then I understand
what you're saying.
But if you're talking
about the book map feature,
has that been rolled out?
Is that public now?
That's no question.
It's-- you know, I got to
test it in the beta phase.
So if it's out, it's
a really cool feature.
And basically, it's
great for future trading.
I'm just curious, I can't
really understand your question
the way it's written.
What else have we got?
Going through to make sure
I didn't miss anything.
Yeah.
Do stocks only go up?
No, they do go down.
They do go down.
[LAUGHS]
Well, you know what?
When people-- when the
market was really bad--
what?
Right after the
2008 housing crisis,
the market got really
bad a few years after.
And people were asking
me [INAUDIBLE] question.
Like are stocks going to
always stay this depressed?
And you know, we're just
seeing the other side, I guess.
This is the cycle of the market.
We could be back here who
knows when talking about, man,
the market goes down, and
there's all this bad news.
And, you know, like
whatever that is,
you just have to formulate
your trading strategy
around what is happening.
And, you know, keep
your eyes and ears open.
[INAUDIBLE] for Tesla
for the end of the week.
Let's look at Tesla.
What's it doing today?
I think it was down earlier.
Yeah, I'm curious.
You're closer to
the desk than I am.
How's the stock split going?
How are things-- it looks like
we saw some people take profits
after the stock split this week.
[INAUDIBLE]
There's no market
maker move on Tesla
for the first time in a while.
Yeah.
Implied vol for the front
month options are 115%.
Let's see.
Implied vol,
[INAUDIBLE] percentile.
59%.
So on the higher
end of its range.
There was one question
I wanted to address.
Are there written post it notes
on the trades you guys do?
No.
[INAUDIBLE],, these
are paper trades.
We are in a paper money account.
This is for educational
purposes only.
So they're not recommendations.
We just want you guys to see
how traders go through thought
process and how to manage trades
in a paper money environment.
What we do have--
all of our episodes are archived
both on Twitch as well as
YouTube.
So check out the TD
Ameritrade YouTube channel.
Subscribe, and then you can
watch past episodes of Twitch
and see all the trades we did.
Once again, they're paper money
for educational purposes only.
[INAUDIBLE] Smith and Wesson.
[INAUDIBLE]
Smith and Wesson [INAUDIBLE].
I'm checking to see
what [INAUDIBLE] is.
I don't know what that one is.
American Outdoor brands, I'm
not really familiar with them.
But I do know, with
Smith and Wesson,
that's done pretty
well lately considering
a lot of the civil unrest that's
been going on in the country.
There has been a lot of--
they've been
selling lot of guns.
Put it that way, right?
And much more volatility.
Like if you look at
the one year chart,
you had very, very thin
bars, meaning there wasn't
a whole lot of range intra day.
But if you go to like the past
like three or four months,
you're seeing a much more
heightened volatility.
So that's probably another
example of the stock going up
and implied vol going up.
Very interesting chart there.
Yeah, American Outdoor Brands.
That looks like it
just IPOed on the 25th.
I don't really have a chart.
So it looks like
it IPOed recently.
Or if you guys know
that for a fact,
that's just what the
chart looks like.
I mean, it would make sense.
You know, stocks like
these, in the pandemic,
everyone's trying to
get outside, road trips.
I might be planning an
Anthony Panzeca road trip here
in the next few weeks.
So who knows what's going
to happen with Twitch?
We might be off for
a couple weeks, guys.
And for that, I might
apologize if I finally
go on vacation for the
first time in a year.
But who will push the button?
Oh wait, so when I take
off, the show must go on.
[INAUDIBLE] the show must go on.
What about Producer OB?
When he takes off,
it has to stop.
What's going on with that?
What is that?
Mission control is right
here in my apartment.
We've got our streaming
computer, our broadcast
software.
If you guys want to come
over and push the buttons,
you're more than welcome to.
But yeah, we might have
a couple of weeks off.
I'll talk to my bosses
about that, but--
[INAUDIBLE]
We'll do something
fun before you leave.
All right.
We got 2 o'clock on the dot,
so that wraps it up, guys.
Yeah.
Anthony, market's
finishing up here.
Let's take a look.
The Dow Jones up 335
points for 1.25%.
S&P up 43, NASDAQ up 89,
and the Russell positive,
up nine points.
So all four majors up.
Bill is still hanging
out on the beach,
taking a really long
walk on the ocean,
contemplating life, thinking,
what do I do with myself?
I wish I was there
with you, Bill.
Yeah, that looks--
that just looks lovely.
TroubleGaming,
Anthony and Bill, you
have two weeks to
learn how to broadcast.
If any of you guys
stream yourselves,
tell these guys it's more
than just pushing buttons.
Yeah, we still all know
what the hell we're doing.
But we want to thank
a TerribleTrader
for the follow LoftWing,
BitCornDog, [INAUDIBLE]..
Did we hit those guys?
LoudDog32?
They were coming
in pretty quick,
so I think LoftWing
was the last one I got.
And DeadRuby-- DeadRuby
misses his boy.
I miss you, son.
I miss you!
JackKnife, appreciate it.
Hey, we got fill.
OK, we got a fill on Workhorse.
Also want you to know
we got to fill on--
so we got filled on our
Workhorse put spread.
We got filled on our
CrowdStrike risk reversal,
and we got filled
on the Cisco roll.
The only two orders that
were working at the moment
are the JP Morgan put spread
and Dick's Sporting Goods put
spread.
Cisco roll, is that
the new Pillsbury--
Someone posted the stream
link on Wall Street bets.
We're in trouble.
Wow.
Well, we've dealt
with them before.
And hopefully they
join the family
and come to learn something
and realize we're not--
what we do and what we don't do.
So--
Yeah.
All right, Anthony.
[INAUDIBLE] for you guys.
We appreciate you
guys coming in.
To follow me on
Twitter, @apanzeca_tda.
You can also follow Bill.
I think it's wruby_tda,
if I'm not mistaken.
We also want you guys to
check us out every week.
We're here every
Wednesday, guys.
1:00 to 2:00 PM central
and 2:00 to 3:00 Eastern.
There's tons and stuff.
We go over [INAUDIBLE]
demo stuff.
If you have
Thinkorswim questions,
you know, a bunch of great
stuff on the education tab.
Like if we went
over some strategies
today that maybe you
didn't kind of understand--
Education tab, guys.
Website and Thinkorswim
are both great.
And just keep in mind that
we have-- all these episodes
are going to be archived
on YouTube as well
as right here on Twitch.
So thanks for showing up, guys.
And on behalf of
Bill who's not here--
he's enjoying his
vacation-- and Producer OB,
I'm Anthony Panzeca, and
I'm saying, so long, guys.
Say bye, Producer OB.
Say bye to the people.
See you, guys.
Have a good day.
All right, guys.
See you next week.
Happy trading and
thanks for watching.
See you guys.
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