Trade idea
HOOD strangle
The speaker is long HOOD going into the earning cycle and has executed a strangle strategy.
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Strategystrangle
Assetstock
Time horizonearning cycle
Entry / triggerbefore earnings
SpeakerSpeaker
Risks- Market volatility
- Earnings surprises
Trade idea
ORCL puts
short puts can be profitable if the stock rises
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Strategyputs
Assetequity
ExpirationSeptember
Time horizonshort-term
Entry / triggerOracle's stock price is lower than the strike price
Target / exitprofit from the stock rising
Invalidation / stopif the stock falls below the strike price
Speakerunknown
Risks- if the stock falls below the strike price
Trade idea
PYPL naked puts
The speaker sold naked puts on PYPL following its earnings report.
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Strategynaked puts
Assetstock
Entry / triggerearnings report
SpeakerTom Sosnoff
Trade idea
SPACEX Sell calls on SpaceX stock
The speaker sold 300 calls on SpaceX with two days to expiration, based on the expectation that the stock price would not rise above the strike price. The trade was influenced by the belief that the stock would trade around a certain level, and the speaker adjusted their strategy based on market movements and the advice of others. The trade was considered a short-term opportunity, with the expectation of profit from the premium received.
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StrategySell calls on SpaceX stock
AssetEquity
ExpirationTwo days
Time horizonTwo days
Entry / triggerStock price at a specific level
Target / exitProfit from the short call position
Invalidation / stopIf the stock price rises above the strike price
SpeakerScott
Structure / legs- 300 calls with two days to expiration
Risks- If the stock price rises above the strike price, the short call position could result in a loss.
- Market volatility could impact the stock price and the effectiveness of the trade.
Trade idea
SPCE sell the news
The speaker believes that SpaceX is not priced to perfection and that there is still room for the stock to trade below its current price. The speaker suggests that the stock may trade at 135, which is below the current price of 220, indicating a potential short-term opportunity. The speaker also mentions that the market's reaction to news can be random, and that the stock may trade lower if the fundamentals do not support the current price.
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Strategysell the news
Assetequity
Time horizonshort-term
Entry / triggerif the stock trades under the IPO price
Target / exit135
Invalidation / stopif the stock trades above 135
SpeakerJohn
Risks- Market volatility
- unexpected news
- change in fundamentals
Trade idea
Natty Gas Put Vertical Spread
The speaker suggests selling a put vertical spread for Natty Gas, expecting a price increase. The trade has a limited risk and uses minimal buying power. The speaker acknowledges that the trade may be affected by market movements and advises acting quickly if the trade is not executed.
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StrategyPut Vertical Spread
AssetEquity
ExpirationJuly
Time horizonShort-term
Entry / triggerSell the put vertical spread for Natty Gas
Target / exitA 66-point pop in the stock price
Invalidation / stopIf the stock price rises significantly, the trade may be worse
SpeakerJohn
Risks- Market risk
- Limited upside potential
- Execution risk
Trade idea
BABA call spread
The trade involves selling July 10 puts and the 120125 call spread on Alibaba (BABA), which is a bullish play with a delta of 10. This is equivalent to being long 10 shares of stock. The trade is considered a straight bullish play and has a target of 520. The strategy is adjusted by moving the put down to the 105 puts and the call spread to 1520, reducing risk while maintaining the bullish bias. The trade is considered a good opportunity due to the market conditions and the potential for profit.
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Strategycall spread
Assetstock
ExpirationJuly
Time horizonshort-term
Entry / triggermarket price at mid-point
Target / exit520
Invalidation / stopmarket moves against the bullish bias
SpeakerScott
Structure / legs- July 10 puts
- July 120125 calls
Risks- market moves against the bullish bias
- volatility
- liquidity
Trade idea
MOO Shorting a stock that has experienced a significant upward move
The speaker shorted MOO after it had experienced a significant upward move, expecting a correction. The rationale is based on the belief that such rapid gains are unsustainable and the market may correct. The risk is that the stock could continue to rise, leading to a loss.
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StrategyShorting a stock that has experienced a significant upward move
AssetEquity
Time horizonShort-term
Entry / triggerStock has moved significantly upward in a short period
Target / exitPotential profit from the stock's downward correction
Invalidation / stopLoss if the stock continues to rise
SpeakerUnknown
Risks- Market continuation in the upward direction
- Liquidity issues
- Unexpected news affecting the stock
Trade idea
SPY Covered Call
Investing in SPY directly offers greater control over the underlying assets and allows for more flexibility in trading strategies, such as selling calls against the position. This approach is more advantageous than holding the money in a mutual fund like Vanguard, as it provides the trader with direct control over the investment and the ability to implement active strategies.
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StrategyCovered Call
AssetEquity
Time horizonLong-term
Entry / triggerHaving $70,000 to $80,000 in a passive global stock bond mutual fund, and taking the money out to invest in SPY.
Target / exitLong-term hold with selling calls against it.
Invalidation / stopIf the strategy is not aligned with the trader's goals or if the market conditions change significantly.
SpeakerSteve
Risks- Market risk
- Volatility risk
- Liquidity risk
Trade idea
WeBull scalping
The speaker discusses their personal experience with WeBull, noting that they bought shares at $5.90 or $6 and scalped a 50-cent profit. They suggest that the risk-reward at current levels is favorable, and they might consider buying again after the show. The speaker also mentions that they have a history of buying Robinhood and other brokerage stocks, indicating a potential bullish outlook on the sector.
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Strategyscalping
Assetstock
Time horizonshort-term
Entry / triggerMarket cap at $2.52 billion, 52-week low at $4.77
Target / exit50 cents profit
Invalidation / stopMarket cap decline below $2.52 billion
SpeakerSpeaker
Risks- Market volatility
- Potential for further decline in stock price
- Uncertainty in economic conditions
Trade idea
IBKR Buy if price drops to the 50s
The speaker mentioned that IBKR is currently in the mid-60s and has not sold off much. They indicated that if the price drops to the 50s, they would consider buying. This suggests a strategy of buying when the stock price declines significantly, indicating a potential value opportunity. The speaker also mentioned dollar cost averaging, which implies a long-term approach to accumulating shares.
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StrategyBuy if price drops to the 50s
Assetstock
Time horizonNot specified
Entry / triggerPrice drops to the 50s
Target / exitNot specified
Invalidation / stopNot specified
SpeakerRicky
Risks- Price may not drop to the 50s
- Market volatility could affect the stock price
Trade idea
Bloom Energy (BE) strangles
The speaker discusses trading Bloom Energy (BE) with a strategy involving strangles, noting that the stock has experienced significant volatility with +5% daily moves. The speaker mentions that the stock is currently at 119, with options expiring in 3 days showing a wide range. The speaker suggests that the volatility is around 120, and that spreads may not move significantly, so the strategy involves trading around mid-price. The speaker also notes that they would not trade anything naked in this environment due to the high volatility and risk.
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Strategystrangles
Assetstock
Expiration3 days
Time horizon3 days
Entry / triggerstock price at 119
Target / exit119
Invalidation / stop119
SpeakerMike
Risks- High volatility can lead to significant losses if the stock moves against the position.
- The speaker's strategy is based on personal experience and may not be suitable for all traders.
- The speaker does not provide specific details on the execution of the trade or the exact strike prices used.
Trade idea
SPY naked calls
Selling naked calls in SPY can provide a pure short delta exposure, capturing potential downside if the market declines. This strategy is suitable for traders who expect a pullback or consolidation phase, with the risk of losing if the market rallies. The trade should be managed with clear profit-taking levels based on the trader's risk tolerance.
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Strategynaked calls
Assetequity
Time horizonshort-term
Entry / triggermarket pullback or consolidation
Target / exitprofit from short-term volatility
Invalidation / stoploss if market rallies
SpeakerTom
Risks- Market rally can lead to losses
- Volatility can increase the risk of large losses
Trade idea
SPOS shorting a rising asset
The speaker expressed dissatisfaction with a short position on SPOS, which had risen 75% before the show. This indicates a potential trade idea of shorting SPOS, with the expectation that the rally might not continue. The invalidation would be if the price continues to rise, suggesting a potential reversal or continuation of the trend.
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Strategyshorting a rising asset
Assetequity
Time horizonshort-term
Entry / triggerbefore the show started
Invalidation / stopmarket rally
SpeakerSpeaker 1
Risks- Market rally
- Liquidity issues
- Unexpected news events
Trade idea
Cerebrus IPO IPO Participation
The speaker believes the IPO price will likely fall within the filed range of $52 to $60, with a preference for the higher end due to potential demand. The company's valuation has increased from $115 to $125 to $150, suggesting a potential upside for IPO participants.
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StrategyIPO Participation
AssetEquity
Time horizonShort-term, with the trade expected to close within a day of the IPO pricing.
Entry / triggerIPO pricing is determined tonight, with the final price known by tomorrow morning.
Target / exitPrice range of $60 or higher, based on the filed price range of $52 to $60.
Invalidation / stopIf the IPO price is significantly lower than the filed range, the trade may be invalidated.
SpeakerLes
Risks- Price may fall below the filed range
- Market volatility could impact the IPO price
- Liquidity issues post-IPO
Trade idea
SPACEX volatility expansion
The speaker sold out-of-the-money calls and puts on SpaceX, anticipating a potential price decline or limited volatility expansion. The rationale is that a $10 move is considered a decent side move, and the speaker does not expect significant volatility expansion to the downside unless there is a big move. The trade idea is based on the expectation of a pullback or limited price movement, with the potential for profit if the price declines or remains stable.
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Strategyvolatility expansion
Assetequity
Time horizonshort-term
Entry / triggermarket pullback or significant price movement
Target / exitprice decline of $10
Invalidation / stopprice increase or significant volatility expansion
SpeakerSpeaker
Structure / legs- out of the money calls
- out of the money puts
Risks- Market volatility could exceed expectations
- Price could move in the opposite direction
- Liquidity issues in the options market
Trade idea
SPCE call diagonal spread
The bullish diagonal spread on SpaceX involves buying the AUG210 call and selling the July 230 call, resulting in a $14.25 debit. The trade is designed to profit from a price movement within the strike width of $20, offering a favorable risk-reward ratio. The strategy is suitable for traders who expect limited price movement and are bullish on the stock.
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Strategycall diagonal spread
Assetequity
Expiration2021-08-20
Time horizonShort-term, with a potential for profit within the strike width
Entry / triggerStock trading around $190 with a $14.25 debit
Target / exitPrice movement within the strike width of $20
Invalidation / stopSignificant price movement against the trade
SpeakerSpeaker
Structure / legs- buy AUG210 call
- sell July 230 call
Risks- Limited profit potential if the stock doesn't move within the strike width
- Higher risk if the stock moves significantly against the trade
Trade idea
SPACEX volatility trade
The trade involves buying 50 puts for June 2027, which are trading at around $1.75. The strategy is based on the assumption that if SpaceX's stock price decreases, the puts will increase in value. The maximum return is 14.5% over a year, and the trade is considered a volatility play. The risk is managed by the limited cost of the puts and the potential for a high return if the stock moves lower.
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Strategyvolatility trade
Assetstock
ExpirationJune 2027
Time horizonone year
Entry / triggervolatility is high
Target / exit14.5% return in one year
Invalidation / stopif volatility decreases or the stock moves against the trade
SpeakerTom
Risks- Volatility may decrease
- Stock price may not move as expected
- Market conditions may change
Trade idea
SPY straddle
The speaker suggests selling a straddle given the current market conditions, indicating a belief in a range-bound movement for the S&P 500. This strategy is typically used when the market is expected to trade within a narrow range, and the trader profits from the premium collected. The speaker's suggestion is based on the current market environment, which includes a meandering S&P and a relatively stable NASDAQ.
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Strategystraddle
Assetequity
Expirationnot specified
Time horizonshort-term
Entry / triggermarket conditions suggest a potential range-bound movement
Target / exitnot specified
Invalidation / stopnot specified
Speakernot specified
Risks- Market moves beyond the anticipated range
- Time decay of the options
- Liquidity issues in the options market
Trade idea
ORCL call spread
The speaker proposed a call spread strategy for Oracle (ORCL) with a strike range of 280 to 320, expecting a price move of $25. The trade was structured to avoid naked shorting by using a spread, which reduces capital requirements and risk. The expected move was based on historical earnings performance and the current stock price of 211. The trade was considered a balanced approach to capitalize on potential price increases while limiting risk.
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Strategycall spread
Assetequity
ExpirationJuly
Time horizonshort-term
Entry / triggerOracle stock at 211
Target / exit280
Invalidation / stopOracle stock price exceeding 320
SpeakerSpeaker
Risks- Oracle's stock price could exceed the upper strike price, leading to losses
- Market volatility could affect the expected price movement
- The trade requires careful monitoring to ensure the spread remains effective
Trade idea
ORCL buying on a pullback
The speaker believes that Oracle (ORCL) has reached a point where it may capitulate, and thus it is a good buy. The speaker's reasoning is based on the belief that the stock has been undervalued and that it may be a good opportunity to buy on a pullback.
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Strategybuying on a pullback
Assetstock
Time horizonNot explicitly stated, but the speaker suggests the trade may be short-term.
Entry / triggerThe speaker bought Oracle (ORCL) this morning due to its perceived undervaluation.
Target / exitNot explicitly stated, but the speaker believes the stock has reached a point where it may capitulate.
Invalidation / stopThe speaker does not specify a stop-loss or invalidation level.
SpeakerThe speaker
Risks- The stock may not perform as expected.
- The market may continue to decline, leading to further losses.
Trade idea
GME volatility shorting
The trader made money back by shorting volatility during the GME meme stock explosion in 2021. The strategy was based on the expectation of a reversion to the mean in both volatility and price. The trader noted that the market's reversion to the mean in volatility and price was a key factor in the success of the trade. The trader also emphasized the importance of gravity in the market, suggesting that market corrections are a natural part of the trading environment.
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Strategyvolatility shorting
Assetequity
Time horizonShort-term
Entry / triggerVolatility reversion to the mean
Target / exitVolatility reversion to the mean
Invalidation / stopVolatility not reverting to the mean
SpeakerTom
Risks- Volatility not reverting to the mean
- Market not correcting as expected
Trade idea
Micro Strategies selling out-of-the-money puts
The speaker suggests selling out-of-the-money puts on Micro Strategies due to the high volatility of the stock, which is tied to Bitcoin. The put strike price is set at 80, with a premium of 505-520. The speaker estimates an 85% probability of profit due to the low delta (15 delta) of the put, indicating a high likelihood of the stock price remaining above the strike price. The trade is considered a low-risk, high-reward opportunity with a favorable risk-reward ratio.
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Strategyselling out-of-the-money puts
Assetstock
Expiration43 days
Time horizonShort-term (43 days)
Entry / triggerMarket conditions as of the time of the transcript
Target / exitCollect premium from the put sale
Invalidation / stopIf the stock price rises significantly above the put strike price
SpeakerPhoenix in the Dog Pound
Risks- Significant downside if the stock price drops below the put strike price
- Market volatility could affect the effectiveness of the trade
Trade idea
NFLX earnings anticipation
The speaker discusses a Netflix trade, indicating a long position in the stock. The trade was initiated based on the stock's performance around the earnings report, with the stock opening lower but rallying afterward. The speaker's strategy involves anticipating earnings and adjusting positions based on market reactions. The trade is considered a short-term opportunity, with the expectation of a price increase following the earnings report.
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Strategyearnings anticipation
Assetequity
Time horizonShort-term (within 1-3 trading days)
Entry / triggerEarnings report release
Target / exitPrice increase following earnings report
Invalidation / stopSignificant price decline or negative earnings report
SpeakerTony Battista
Risks- Earnings report may be negative or underperform expectations.
- Market volatility could lead to unexpected price movements.
- The stock may not perform as expected due to broader market conditions.
Trade idea
IBM strangle
The speaker sold IBM puts and scalped them intraday, anticipating a potential downside move following a large pre-earnings announcement. The speaker noted that the stock had experienced a significant down move and that the downside risk had increased, leading to a shift in the pricing of puts. The trade was executed with the expectation of a short-term move, leveraging the volatility and market expectations around the earnings announcement.
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Strategystrangle
Assetequity
ExpirationJuly 22nd
Time horizonshort-term
Entry / triggerpre-earnings announcement
Target / exitintraday scalp
Invalidation / stopif the stock moves significantly against the trade
SpeakerTom
Risks- unexpected earnings results
- volatility spikes
- market sentiment shifts
Trade idea
XYZ Bull Put Spread
A bull put spread involves selling a put at a higher strike price and buying a put at a lower strike price. This strategy is used when the trader is bullish on the stock and wants to own it at a predetermined price. If the stock price is between the strike prices at expiration, the short put will be exercised, and the long put will be worthless. The trader can then take ownership of the stock at the lower strike price. If the stock price falls below the lower strike price, the trade will result in a loss.
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StrategyBull Put Spread
AssetEquity
ExpirationNot specified
Time horizonUntil expiration
Entry / triggerStock price is between the strike prices
Target / exitStock price reaches the higher strike price
Invalidation / stopStock price falls below the lower strike price
SpeakerNot specified
Structure / legs- Short a put at a higher strike price
- Long a put at a lower strike price
Risks- If the stock price falls below the lower strike price, the trade will result in a loss.
- The trader may have to pay the difference between the strike price and the stock price if the stock is assigned.
- The trader may have to pay additional fees or taxes if the stock is sold.
Trade idea
AAPL credit spread
The trade involves a short credit spread on Apple (AAPL) with the 220 calls short and 235 calls long. The strategy is based on the assumption that the stock will remain above 320, and the trader is bearish on the stock. The trade is managed by staying in the position unless the stock price moves significantly against the trade. The trader suggests that if the stock price is above 320, there is nothing to do, but if the stock price is below 320, the trader can sell out of the money put spread against it. The trade is considered a credit spread, and the trader is looking to collect the premium from the spread.
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Strategycredit spread
Assetstock
ExpirationAugust 21st
Time horizonUntil expiration
Entry / triggerStock price above 320
Target / exitCredit received from the spread
Invalidation / stopIf the stock price moves significantly against the trade
SpeakerMark
Structure / legs- short 220 calls
- long 235 calls
Risks- If the stock price moves significantly against the trade, the trader may lose money
- The trade is subject to the expiration date, and the trader may need to adjust the position if the stock price moves significantly against the trade
Trade idea
NFLX put ladder
The trade involves selling a put ladder on Netflix, which is expected to have a high probability of profit (83%) and a low implied volatility risk (IVR 94). The expected move of 540 points is projected to bring the stock down to the strike prices, making the trade profitable. The speaker notes that the stock has had a significant downtrend and that the downside risk is likely exhausted, making this a viable short-term trade.
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Strategyput ladder
Assetequity
ExpirationJuly 3-day and August
Time horizonEarnings report date
Entry / triggerNetflix earnings report
Target / exitProfit of $1.88
Invalidation / stopIf the stock moves above the strike prices
SpeakerTom Sosnoff
Structure / legs- July 3-day expiration 68 puts
- August 65 puts
Risks- The stock could open above the strike prices, leading to losses
- Market volatility could increase, affecting the trade's outcome
- The earnings report could have unexpected results, impacting the stock price
Trade idea
IBM Put Selling
The speaker is short IBM 70 and 75 puts, believing that the stock has already made its lows and that the downside risk is out. The speaker suggests that the stock could trade around 117 or 116 by the afternoon, which would allow for a profitable trade. The speaker also mentions that the IVR is 83, indicating that the market is pricing in a significant move, which could be exploited by traders looking to capitalize on the potential upward movement.
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StrategyPut Selling
AssetEquity
ExpirationNot specified
Time horizonBy this afternoon
Entry / triggerStock price at 215
Target / exitStock price trading around 117 or 116
Invalidation / stopIf the stock makes its lows yet
SpeakerSpeaker
Risks- If the stock makes its lows yet
- If the market conditions change unexpectedly
Trade idea
Dell Strangle
The speaker suggests selling a strangle in Dell due to the high implied volatility and the expected move of $91. The trade involves selling options at $14, with the potential for a 96% pop. The speaker adjusts the strike prices based on the stock's movement, suggesting a strangle with options at $300 and $700. The trade is considered a contrarian play, leveraging the high volatility and the potential for a significant price movement.
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StrategyStrangle
AssetEquity
ExpirationAugust
Time horizon30 days
Entry / triggerStock price at $14
Target / exit400 points wide
Invalidation / stopIf the stock moves significantly against the trade
SpeakerSpeaker
Structure / legs- Sell August 300 put
- Sell August 700 call
Risks- Significant price movement against the trade
- Market conditions changing rapidly
Trade idea
SPCE selling puts
The speaker suggests that if you are bullish on SpaceX, you should consider selling puts as it could be a better entry point compared to buying at higher prices. The speaker also notes that the stock has settled back to its IPO price of 135 and may continue to trade below this level.
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Strategyselling puts
Assetequity
Time horizonShort-term
Entry / triggerIf the stock is trading below the IPO price of 135
Target / exitA rally in the stock price
Invalidation / stopIf the stock continues to trade below the IPO price
SpeakerThe speaker
Risks- The stock may continue to trade below the IPO price
- The speaker does not provide specific entry or exit points for trades
Trade idea
SKHY Options selling
The speaker suggests selling premium in SKHY due to high implied volatility. They recommend skewing the premium based on bullish or bearish sentiment. The speaker also mentions that SKHY has options available, but the exact strike prices and expiration dates are not specified.
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StrategyOptions selling
Assetequity
Expirationnot specified
Time horizonshort-term
Entry / triggerimplied volatility is high
Target / exitnot specified
Invalidation / stopif the stock moves significantly against the position
Speakernot specified
Structure / legs- sell puts
- sell calls
- sell straddles
Risks- Implied volatility could decrease, leading to losses
- Market movements could result in significant losses if the position is not properly managed
Trade idea
TSLA covered call
The speaker suggests that a covered call strategy is a sound approach for investors who want to be long Tesla but are not overly bullish. The strategy allows for income generation while maintaining a long position, though the speaker notes that they would pay someone else to execute it. This indicates a preference for a more passive approach to managing the position.
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Strategycovered call
Assetequity
Time horizonNot explicitly stated
Entry / triggerIf the investor wants to be long Tesla but is not ragingly bullish
Target / exitNot explicitly stated
Invalidation / stopNot explicitly stated
SpeakerSpeaker
Risks- Market volatility could reduce the effectiveness of the covered call strategy
- The underlying stock could underperform, leading to potential losses
Trade idea
MU shorting the Nasdaq
The speaker suggests that shorting the Nasdaq is a better position than trading MU, as the Nasdaq is expected to decline. The speaker is moving into a short position on the Nasdaq, indicating a bearish outlook on the market. The rationale is that the Nasdaq is down while other indices like the S&P 500 and Russell are up, suggesting a divergence in market sentiment. The speaker also mentions that the Nasdaq is expected to have a bigger move than MU, making it a more attractive trade.
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Strategyshorting the Nasdaq
Assetequity
Time horizonNot explicitly stated
Entry / triggerMarket conditions where the Nasdaq is expected to decline
Target / exitNot explicitly stated
Invalidation / stopNot explicitly stated
SpeakerUnknown
Risks- Market risk due to potential upward movement in the Nasdaq
- Liquidity risk if the Nasdaq becomes illiquid
- Execution risk if the trade is not executed at the desired price
Trade idea
UNH rolling put down and selling calls
The speaker suggests rolling the short Jan 300 puts down to the March 290s or 290s calls to convert the position into a longer-term trade. This strategy aims to capitalize on potential price movements while managing risk through the credit or even money generated from the call sale. The speaker also mentions the stock's recent price movements and stabilization as a basis for the trade.
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Strategyrolling put down and selling calls
Assetequity
ExpirationMarch
Time horizonLong-term
Entry / triggerStock price stabilizing around 284
Target / exitPotential for long-term trade with credit or even money
Invalidation / stopLoss of 50 cents on the initial trade
SpeakerKeith
Structure / legs- short Jan 300 puts
- sell March 290s or 290s calls
Risks- Market volatility could lead to losses if the stock price moves against the position.
- The roll-down may not result in a favorable outcome if the stock price does not stabilize as expected.
Trade idea
Trade idea covered call
The speaker suggests selling 300 calls against a long stock position to convert it into a longer-term trade. This adjustment is recommended to capture potential upside while limiting risk, even if the initial position was entered with a small credit or debit. The speaker emphasizes the importance of flexibility in trade execution and the need to roll the position to strike prices in the range of 280s, 285s, and 290s. The strategy is based on the assumption that the market will move in a direction that justifies the adjustment.
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Strategycovered call
Assetequity
ExpirationMarch
Time horizonLong-term
Entry / triggerLong stock position
Target / exitRolling to strike prices in the range of 280s, 285s, and 290s
Invalidation / stopMarket movement that negates the trade's potential upside
SpeakerJustin
Risks- Market movement that negates the trade's potential upside
- The need for market movement to justify the adjustment
Trade idea
NKE Contrarian Play
The speaker sold puts on Nike (NKE) at $2 in May, anticipating a further decline from its 52-week low of $45. The rationale is that the stock may continue to drop before a potential rebound, making the puts a viable option for profiting from the decline. The strategy relies on the assumption that the stock will continue to fall, which is a contrarian approach based on the stock's recent performance and market sentiment.
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StrategyContrarian Play
AssetEquity
ExpirationMay
Time horizonShort-term, with a focus on the immediate decline
Entry / triggerStock price at $45
Target / exitPotential profit from further decline
Invalidation / stopIf the stock rebounds immediately or shows signs of stabilization
SpeakerThe speaker
Structure / legs- Puts with strike price of $45
- Expiry: May
Risks- The stock may rebound immediately, leading to a loss on the put position
- Market volatility could affect the stock's trajectory
Trade idea
AMD rotation
The speaker suggests a rotation from tech stocks like Apple, Amazon, Google, Microsoft, and Nvidia to AMD and Micron (MU). This rotation is based on the idea that certain stocks have outperformed others, and the market is shifting focus. The speaker also mentions that Micron was expected to trade down to 880 but instead traded back up to 1015, indicating a potential reversal or continued upward momentum. The trade idea is to go long on AMD and MU as part of this rotation strategy.
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Strategyrotation
Assetequity
Time horizonShort-term
Entry / triggerMarket rotation towards AMD
Target / exitNot specified
Invalidation / stopNot specified
SpeakerScott
Risks- Market rotation can reverse quickly
- Earnings reports may impact stock performance
- Volatility can increase during earnings periods
Trade idea
SPACEX selling puts
The speaker believes that the implied volatility of SpaceX is high, making out-of-the-money puts at $90 a good opportunity for selling puts. The speaker is not bullish on the stock but is long deltas, indicating a bullish stance on the underlying asset. The trade idea involves selling puts as a way to generate income, even though the speaker is not confident in the stock's long-term direction.
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Strategyselling puts
Assetequity
Expirationnot specified
Time horizonshort-term
Entry / triggerstock trading below IPO price
Target / exitnot specified
Invalidation / stopnot specified
SpeakerSpeaker
Risks- Potential for stock price to rise above strike price
- Implied volatility may decrease
- Market volatility could increase
Trade idea
COINBASE put spread
The trade involves selling an August put spread in Coinbase, with strikes at 120 and 100, collecting a premium of $2. The trade is based on the expectation that Coinbase will remain below its year-to-date low of 145. The probability of profit is estimated at 90%, with the expected move being 32 points. The trade is considered favorable due to the risk-reward ratio and the inverse relationship between the strike width and the probability of profit.
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Strategyput spread
Assetequity
ExpirationAugust
Time horizonshort-term
Entry / triggerCoinbase is trading below its year-to-date low
Target / exitprofit from the premium collected
Invalidation / stopif Coinbase moves significantly higher
SpeakerTom
Structure / legs- put spread with strikes at 120 and 100
- premium collected: $2
Risks- Significant price movement in Coinbase could result in losses.
- Volatility could affect the expected move and probability of profit.
Trade idea
JP Morgan sell out of the money puts
The speaker suggests that trading JP Morgan and Morgan Stanley around their earnings reports could be a use case for understanding how premiums expand and contract. The expected move is estimated to be around 3%, but the actual move could be between 4% and 6%. The speaker advises being one-dimensional and directional, suggesting selling out of the money puts if bullish on JP Morgan. The trade is considered risky due to the potential for a larger-than-expected move, which could lead to significant losses if the market moves against the trade.
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Strategysell out of the money puts
Assetstock
Expirationnext week
Time horizonshort-term
Entry / triggerbefore the opening on the 14th
Target / exit335
Invalidation / stopif the move exceeds 3% or if the earnings are significantly better or worse than expected
Speakerspeaker
Risks- Large unexpected move
- Earnings report surprises
- Volatility spikes
Trade idea
MSFT strangle
The speaker suggests that the strangle on Microsoft (MSFT) is currently profitable and advises exiting the trade before earnings, as volatility is expected to increase significantly around the earnings date. The rationale is that the earnings period will likely cause a spike in volatility, making the strangle less effective. The speaker also recommends taking partial profits and exiting the trade before the earnings announcement to avoid potential losses.
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Strategystrangle
Assetequity
ExpirationAugust 21st
Time horizonShort-term (1-2 weeks)
Entry / triggerCurrent price level
Target / exit26% profit
Invalidation / stopEarnings date (July 29th) and volatility changes
SpeakerSam from Miami
Structure / legs- put strike 325
- call strike 450
Risks- Earnings may result in a significant price movement that invalidates the strangle
- Volatility may not increase as expected, reducing the trade's effectiveness
Trade idea
Hood rolling to August
The speaker suggests rolling the Hood trade to August to re-center the position after a significant upward move. This is done because the stock has already experienced a large move, and the volatility is considered decent. The speaker believes that re-centering the trade in August can help manage risk, especially given the stock's history of missing earnings and the potential for continued volatility.
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Strategyrolling to August
Assetequity
Expiration2023-07-29
Time horizonuntil August
Entry / triggercurrent volatility is high
Target / exitre-centering the trade in August
Invalidation / stopif the stock continues to move significantly before August
SpeakerSam
Risks- The stock may continue to move significantly before August
- Volatility may not remain at current levels
- Earnings reports could impact the stock's performance
Trade idea
HOOD short strangle
The speaker has a short strangle in HOOD, which they believe is positioned around the expected price movement. They have been bullish on HOOD throughout the year and have been buying it whenever it dips into the 70s, which has worked for them. The trade idea is based on the expectation that the price will move within the expected range, allowing for profit from the strangle.
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Strategyshort strangle
Assetstock
Time horizonShort-term
Entry / triggerPrice movement within expected range
Target / exitProfit from price decline
Invalidation / stopPrice moves beyond expected range
SpeakerUnknown
Risks- Price moves beyond expected range
- Market volatility
- Liquidity issues
Trade idea
SOXS scalping
The trader should set a profit target based on the assumed risk, typically 25-35% of the expected move. For example, if the risk is $2, the profit target should be around 50-100 cents. The trade should be exited if it does not move in the expected direction within the first few hours of the market session. This approach ensures disciplined trading and avoids holding positions that do not meet the initial criteria.
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Strategyscalping
Assetstock
Time horizonIntraday, typically within the first few hours of the market session.
Entry / triggerBuy at a price where the stock is trading, with a clear profit target set as a percentage of the assumed risk.
Target / exitProfit target set at 25-35% of the assumed risk, typically around 50-100 cents for a $2 risk.
Invalidation / stopExit if the trade does not move in the expected direction within the first few hours of the trading session.
SpeakerUnknown
Risks- Market volatility may prevent the trade from reaching the profit target.
- The trader may be forced to exit the trade prematurely if the market moves against the expected direction.
Trade idea
AAPL Put Selling
The speaker suggests selling out-of-the-money puts on Apple (AAPL) when volatility is high, as this allows the trader to capture higher premiums. The strategy is based on the assumption that the underlying asset will not decline below the strike price, and the trader will profit from the premium. The speaker emphasizes the importance of selecting a delta that aligns with the trader's comfort level based on the probability of profit, which is calculated as the inverse of the delta minus 100. The strategy involves waiting for the underlying asset to move sideways or higher, rather than waiting for volatility to settle down.
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StrategyPut Selling
AssetEquity
ExpirationNot specified
Time horizonShort-term, with the expectation of the underlying asset moving sideways or higher.
Entry / triggerWhen volatility is high and the trader has a bullish outlook on the underlying asset.
Target / exitProfit from the premium received if the underlying asset remains above the strike price.
Invalidation / stopIf the underlying asset declines below the strike price, the trader may be assigned and have to purchase the asset at the strike price.
SpeakerSpeaker
Structure / legs- Out-of-the-money puts with deltas of 20, 25, 30, 16, etc.
Risks- Risk of being assigned if the underlying asset declines below the strike price.
- Potential for lower-than-expected premiums if volatility decreases.
Trade idea
TSLA rolling short puts
The speaker discusses rolling short puts on Tesla (TSLA) and suggests continuing to roll the puts as long as they are underwater, as the strategy allows for lower capital requirements compared to holding the shares. The speaker argues that taking the shares is not optimal if the puts are underwater, as it would mean missing out on potential gains from further declines in the stock price.
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Strategyrolling short puts
Assetequity
Time horizonmultiple roll periods
Entry / triggerrolling short puts when the underlying asset is declining
Target / exitprofit from the decline in the underlying asset
Invalidation / stopif the underlying asset starts to rise significantly
Speakerspeaker
Risks- significant risk if the underlying asset rises sharply
- increased exposure with multiple roll periods
Trade idea
SPACEX put spread
Selling the August 21st 8100 put spread in SpaceX offers a high probability of profit due to the stock's expected move and elevated implied volatility. The trade has a 96% probability of profit and an annualized return of 30% plus. The strategy is effective when the stock is near its expected move range and the implied volatility is high. The trade is a defined risk with a high reward-to-risk ratio.
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Strategyput spread
Assetequity
ExpirationAugust 21st
Time horizonShort-term (within the expiration date)
Entry / triggerStock is near the expected move range
Target / exitProfit from the premium collected
Invalidation / stopLoss of the premium if the stock moves against the trade
SpeakerSpeaker
Risks- Risk of losing the premium if the stock moves against the trade
- High margin requirements for naked puts
Trade idea
AMD Broken Butterfly
The speaker suggests that the broken butterfly strategy is suitable for AMD, given the stock's recent volatility. The strategy is typically used when the stock has moved significantly, and the trader is looking to capitalize on a potential reversal or consolidation. The speaker's comments indicate a bullish outlook on AMD, despite the stock's recent movements.
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StrategyBroken Butterfly
AssetEquity
Time horizonNot explicitly stated
Entry / triggerStock has moved around a lot
Target / exitNot explicitly stated
Invalidation / stopNot explicitly stated
SpeakerNot explicitly stated
Risks- Market volatility
- Incorrect price movement
- Liquidity issues
Trade idea
NVIDIA Call options on NVIDIA
If the stock price is around 310-330, and the IVR is low, the call options could be considered relatively cheap. The strategy is to buy call options on NVIDIA if the stock price is around 310-330, assuming the IVR is low. The target is for the stock price to rise above 320, which would indicate a bullish trend. The stop or invalidation is if the stock price falls below 310, indicating a bearish trend. The time horizon is short-term, as the options are for a one-year expiration.
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StrategyCall options on NVIDIA
Assetstock
Expirationone year
Time horizonshort-term
Entry / triggerStock price around 310-330
Target / exitStock price rising above 320
Invalidation / stopStock price falling below 310
SpeakerTony
Risks- Market volatility
- Incorrect assumption about IVR
- Liquidity issues in options
Trade idea
SPACEX diagonal spread
The speaker discusses selling puts in SpaceX when implied volatility is high, as it allows for a defined risk trade with the potential for profit from volatility. The example given involves a 65 strike price with a cost of $10, and the stock price fluctuated between 165 and 210, resulting in a profit of $4. The strategy is based on the idea that high volatility can create opportunities for defined risk trades, even if the stock moves against the position.
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Strategydiagonal spread
Assetequity
Expiration190 days
Time horizon190 days
Entry / triggerhigh implied volatility
Target / exitprofit from volatility
Invalidation / stoploss if stock moves significantly against the position
SpeakerSpeaker
Structure / legs- 65 strike, 190 days to expiration
- 65 strike, 190 days to expiration
Risks- Significant losses if the stock moves significantly against the position
- The cost of the trade may not be justified if the stock does not move as expected
Trade idea
SPAC buying before inclusion in major indices
The speaker suggests buying SPAC before its inclusion in the NASDAQ 100, as analysts predict passive funds may purchase up to $7.3 billion due to its inclusion. However, the speaker cautions against buying ahead of the inclusion, indicating a potential opportunity for those who can time the market. The speaker also notes that the inclusion date is July 7th, and the market reaction may be observed on the following Tuesday.
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Strategybuying before inclusion in major indices
Assetequity
Time horizonshort-term
Entry / triggerbefore inclusion in the NASDAQ 100
Target / exitnot specified
Invalidation / stopnot specified
Speakerspeaker
Risks- Market volatility could impact the trade
- The inclusion may not result in the expected price movement
- Timing the market is inherently risky
Trade idea
SLV put
Silver's been kind of beat up
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Strategyput
Assetequity
ExpirationAUG
Time horizonshort-term
Entry / triggerSLV was down this morning but is now up 50 cents
Target / exit1%
Invalidation / stopAdjustment on the trade if SLV moves significantly
SpeakerTom
Risks- Market volatility
- Unexpected price movements
Trade idea
Netflix put ratio spread
This is a bullish strategy
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Strategyput ratio spread
Assetstock
ExpirationAugust
Time horizonnot specified
Entry / triggerstock is down 330
Target / exitcredit of 40 cents
Invalidation / stopstock could go to $10
SpeakerTom Sadov
Structure / legs- buy one August 105 put
- sell two August 95 puts
Risks- stock could go to $10
- adjust strikes down if needed
Trade idea
META short premium
The speaker suggests that Meta could be an interesting short premium trade due to its low implied volatility (IVR of 29). However, the speaker also notes that there are better short premium opportunities in stocks with higher volatility, such as Micron and Nvidia. The speaker is not bullish on Meta and believes that the market may experience a healthy sell-off, which could be beneficial for short positions.
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Strategyshort premium
Assetstock
Time horizonShort-term, with the speaker indicating that the trade is not long-term.
Entry / triggerMarket has digested recent news and volatility is low.
Target / exitUncertain, but the speaker suggests it could be an interesting trade.
Invalidation / stopIf the stock continues to rise or volatility increases significantly.
SpeakerTom
Risks- Market could move against the short position if volatility increases or if the stock continues to rise.
- The speaker's personal dislike for Meta's market behavior may influence the trade decision.
Trade idea
GLD short puts with call protection
The trader is short GLD puts with a combined Delta of 50, which exposes them to risk if gold rises. To mitigate this, they sell calls with a Delta of 15 or 20, reducing their risk by 35%. This strategy is based on the idea that selling calls can offset some of the risk from being short puts, while also maintaining a capital-efficient position. However, if gold continues to rise, the calls provide no protection, and the trader may face losses.
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Strategyshort puts with call protection
Assetequity
ExpirationMarch 31st
Time horizonshort-term
Entry / triggershort puts with a combined Delta of 50
Target / exitreduce risk by 35% through the sale of calls with a Delta of 15 or 20
Invalidation / stopif gold breaks further, the calls have no protection
Speakeranonymous
Structure / legs- short March 31st GLD puts (one in the money, one out of the money)
- sell calls against the position
Risks- If gold breaks further, the calls have no protection
- Rolling out in time may reduce risk by 20%, but it involves entering an illiquid option series
- The trader must stay in the March expiration and avoid rolling out to a less liquid series
Trade idea
UNH buying after a pullback
The speaker bought UnitedHealth (UNH) after it traded down to a low of 282, with the stock currently at 290. The trade idea is based on the belief that the stock had previously been undervalued and that the pullback presented an opportunity to enter a long position. The speaker also mentioned selling puts in Boeing, indicating a mixed approach to risk management.
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Strategybuying after a pullback
Assetstock
Time horizonshort-term
Entry / triggertrading down to a low of 282
Target / exit290
Invalidation / stopnot specified
SpeakerScott
Risks- Market volatility
- Potential for further pullbacks
Trade idea
MU Iron Condor
The speaker recommends selling an iron condor on Micron (MU) due to the stock's recent price movement and high implied volatility. The trade is structured with a wide range and is considered a classic iron condor setup. The speaker emphasizes the potential for profit given the current market conditions and the stock's volatility.
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StrategyIron Condor
AssetEquity
ExpirationJuly
Time horizonShort-term
Entry / triggerStock price at 630
Target / exitProfit from volatility and price range
Invalidation / stopIf stock price moves outside the range
SpeakerScott
Structure / legs- Call spread: 1450-1460
- Put spread: 630-640
Risks- Market volatility
- Price movement outside the expected range
Trade idea
MU Sell put options
The trader sold put options at the 800 strike level on Friday, expecting the underlying asset to close above that level. The trader was not at risk if the asset did not drop below the strike price after hours. The trader's exposure was until 5:30 or 6:00 Central Time, depending on the firm. The trader's strategy was to buy back the put options for a few pennies to close the position with minimal risk. The thesis is that the trader's risk was limited to the premium received, and the market movements after the close were not significant enough to affect the trade outcome.
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StrategySell put options
AssetEquity
ExpirationFriday
Time horizonUntil the expiration date
Entry / triggerMarket closes at 967 or higher
Target / exitBuy back the put options for a few pennies
Invalidation / stopIf the underlying asset drops below the strike price after hours
SpeakerPaul
Structure / legs- Put options at the 800 strike level
Risks- Market movements after the close could affect the trade outcome
- The trader's exposure could extend beyond the expected cutoff time
- The trader may have to pay more to buy back the put options if the market moves against them
Trade idea
SPY iron condor
The speaker suggests trading delta three wide SPY iron condors, which are designed to profit from a range-bound market. The strategy is positioned to benefit from the current up and down market conditions, though the speaker notes that the market has not tested the positions yet. The speaker's approach involves selling both call and put options at different strike prices to create a risk-defined range.
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Strategyiron condor
Assetequity
Expiration38 to 45 days
Time horizonnot specified
Entry / triggerup and down market
Target / exitnot specified
Invalidation / stopnot specified
Speakernot specified
Risks- Market moves beyond the defined range
- Volatility changes
- Liquidity issues
Trade idea
SPY iron condor
The speaker discusses the use of delta three wide spy iron condors and the importance of staying mechanical. The strategy involves entering the trade with 38 to 45 days to expiration and managing the position by rolling it to 21 days. The speaker suggests that the sweet spot for maximizing returns is during the decay curve, and the optimal profit level is around 25%. The trade should be exited or rolled out when the position reaches this sweet spot to avoid holding into the last week of the expiration, which increases risk with minimal reward.
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Strategyiron condor
Assetequity
Expiration21 days to expiration
Time horizon21 days to expiration
Entry / triggerWhen the market is in a range-bound or volatile environment
Target / exit25% of max profit
Invalidation / stopIf the position is held into the last week of the expiration, due to increased risk and minimal reward
SpeakerSpeaker
Risks- Market volatility
- Unexpected events
- Inability to redeploy capital efficiently
Trade idea
Nvidia range breakout
The speaker believes that Nvidia is at the upper end of a range and expects a reversal to the downside. They sold some shares based on this expectation, anticipating a pullback. The speaker also mentions the potential for a gap up on the next day, suggesting a short-term reversal strategy. The trade is based on the assumption that the stock will retrace from the upper range boundary.
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Strategyrange breakout
Assetequity
Time horizonShort-term
Entry / triggerPrice at the upper end of a range
Target / exitPrice reversal to the downside
Invalidation / stopPrice continuation above the range
SpeakerJim
Risks- Price continues to the upside
- Volatility may not materialize as expected
- Earnings report could impact sentiment
Trade idea
NVDA call ratio spreads
The speaker executed a call ratio spread by buying the 05s and selling the 10s, expecting a 5% move in Nvidia. The trade was initiated with a small credit or debit, and the speaker acknowledges that the trade could be improved. The thesis is based on the expectation of a limited price movement, with the trade designed to profit from a downward move or a limited upward move.
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Strategycall ratio spreads
Assetequity
Expirationtwo days
Time horizonshort-term
Entry / triggerNvidia's current price at 196
Target / exit5% move
Invalidation / stopif the stock moves beyond the 10s strike
SpeakerTom
Risks- If the stock moves beyond the 10s strike, the trade could result in a loss.
- The trade is sensitive to volatility and the accuracy of the expected move.
Trade idea
NVDA sell on a higher print
The speaker is considering selling Nvidia futures if the stock rises, indicating a short-term bearish outlook. The rationale is that a higher print may signal a potential reversal or overbought condition, prompting a sell decision. The trade is based on the expectation that the stock may not sustain the upward movement, and the speaker is prepared to act if the price increases.
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Strategysell on a higher print
Assetstock
Time horizonshort-term
Entry / triggerif Nvidia goes up tonight
Invalidation / stopif the price does not rise
SpeakerThe speaker
Risks- Market volatility could lead to unexpected price movements.
- The trade is based on a short-term outlook, which may not account for longer-term trends.
Trade idea
AAPL Poor Man's Covered Call
The speaker suggests using a poor man's covered call strategy for Apple (AAPL) by buying a long-term LEAP at the money and selling a front-month call. This allows for premium collection while holding the stock, with the ability to roll the front-month call monthly. The strategy is designed to be flexible and adaptable to market conditions.
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StrategyPoor Man's Covered Call
Assetstock
Expirationfront-month
Time horizonLong-term, with monthly rolling of the front-month call
Entry / triggerBuy a long-term LEAP at the money and sell a front-month call
Target / exitCollect premium while holding the stock
Invalidation / stopIf the stock moves significantly against the position
SpeakerScott
Structure / legs- Buy a long-term LEAP at the money (e.g., 150 strike)
- Sell a front-month call (e.g., 165 strike)
Risks- Market risk if the stock moves against the position
- Time decay on the short call
Trade idea
AAPL covered call
The strategy involves being long 20 shares of stock and short 30 delta puts, which results in a net long position. This approach allows for collecting premium while maintaining exposure to the underlying stock. The example given is long 20 shares of Apple, with the potential to scale up to 100 shares through multiple trades. The strategy is designed to collect premium while managing risk through the short put position.
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Strategycovered call
Assetequity
Expirationnot specified
Time horizonnot specified
Entry / triggerlong 20 shares of stock
Target / exitequivalent of 100 shares of Apple
Invalidation / stopnot specified
SpeakerScott
Structure / legs- long 50 delta call
- short 30 delta put
Risks- Market volatility could impact the value of the underlying stock.
- The short put position may result in losses if the stock price drops below the strike price.
- The strategy requires careful management of multiple positions to maintain the net long exposure.
Trade idea
SPY monthly strangles
challenge to go shorter dated with strategy
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Strategymonthly strangles
Assetequity
Time horizonshort-term
Entry / triggerusing $60,000 buying power
Target / exitmaximize account size
Invalidation / stopdefine risk, $20 wide iron condor or synthetic strangles
SpeakerNotredogus
Risks- volatility at lows down 50%
- account size limitations
Trade idea
ORCL put selling
The speaker is short put options on Oracle (ORCL) with the expectation that the stock will not fall below the strike prices of the puts. The speaker expresses a contrarian view, suggesting that the stock may be undervalued despite a significant drop over six months. The trade is based on the belief that the stock will not decline further, and the put options are sold at a premium to profit from the time decay and the potential for the stock to remain above the strike prices.
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Strategyput selling
Assetequity
ExpirationMarch and April
Time horizonshort-term
Entry / triggerOracle (ORCL) price at $1.31
Target / exit75 cents
Invalidation / stopOracle price rising above $1.31
SpeakerSpeaker
Structure / legs- short 125 puts (March, 3 days to expiration)
- short 135 puts (April, 3 days to expiration)
Risks- Oracle's price could fall below the strike prices, resulting in losses
- Market volatility could cause unexpected price movements
- Time decay may not be sufficient to offset potential losses if the stock declines
Trade idea
MU wide strangle
The speaker is short a wide strangle in MU with a $300 width, adjusting it frequently and referring to it as a grinding trade.
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Strategywide strangle
Assetstock
Expirationnot specified
Time horizonnot specified
Entry / triggernot specified
Target / exitnot specified
Invalidation / stopnot specified
Speakernot specified
Trade idea
Hood strangle
the 8115 strangle for about 240 is a marginal trade
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Strategystrangle
Assetstock
ExpirationSeptember
Time horizonshort-term
Entry / triggertrading right there right now
Target / exitalmost twice as much room to the upside as the downside
Invalidation / stopcall skew in Robin Hood
Speakerspeaker
Structure / legs- 80 strike put
- 115 strike call
Risks- call skew
- market volatility
Trade idea
UBER selling puts
The speaker suggests selling June 65 puts on Uber at a price of $52, assuming the stock is trading around $70. The rationale is that the stock is at its lowest point, and the put option could be a profitable trade if the stock price drops below $65. The risk is that the stock price could rise above $70, resulting in a loss.
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Strategyselling puts
Assetequity
ExpirationJune
Time horizonShort-term
Entry / triggerStock price at $70
Target / exitPrice below $65
Invalidation / stopPrice above $70
SpeakerAI
Risks- Price could rise above $70
- Market volatility
- Liquidity issues
Trade idea
UBER Sell Puts
The speaker suggests selling June 65 puts on Uber, which is near its lowest point. The trade is based on the expectation that the stock will rebound from its recent low. The implied volatility is considered acceptable, and the expected move is used to determine the break-even point. The trade is considered viable if the stock moves upward, allowing the seller to profit from the premium received.
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StrategySell Puts
AssetEquity
ExpirationJune
Time horizonShort-term
Entry / triggerStock near its lowest point
Target / exitBreak-even at 63.50
Invalidation / stopIf the stock moves below 63.50
SpeakerSpeaker
Risks- If the stock continues to decline below the strike price
- Volatility may not support the expected move
- Market conditions may change rapidly
Trade idea
Nike put spread
profit from downside risk if stock remains below strike price
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Strategyput spread
Assetstock
ExpirationSeptember
Time horizonshort-term
Entry / triggerstock at multi-year low
Target / exitsell at a dollar
Invalidation / stopstock price movement
SpeakerVinnie
Risks- stock price rises
- volatility changes
Trade idea
BABA earnings play
BABA's earnings play is a trade idea
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Strategyearnings play
Assetstock
Time horizonshort-term
Entry / triggerearnings play
Target / exitpop of 61%
Invalidation / stopmarket volatility
SpeakerScott
Risks- market volatility
- unexpected earnings results
Trade idea
Trade idea strangle
high implied volatility and call skew
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Strategystrangle
Assetequity
Time horizon45 days
Entry / triggerpost earnings
Target / exit80% pop
Invalidation / stopmarket makers on
Speakerspeaker
Risks- earnings announcement
- market volatility
Trade idea
QQQ call credit spread
the trade has a 2/3 chance of making money
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Strategycall credit spread
Assetequity
ExpirationSEP
Time horizonshort period of time
Entry / triggerinside of the expected move
Target / exitabout a dollar 70 today
Invalidation / stopif the stock moves beyond the expected move
Speakerspeaker
Risks- if the stock moves beyond the expected move
Trade idea
QQQ strangle
QQQ is a favorite trade
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Strategystrangle
Assetequity
Entry / triggerwhen implied volatility is high
SpeakerShahrukh
Trade idea
PAL options spread
look for a 50% pop
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Strategyoptions spread
Assetstock
Expiration45 days
Time horizon21 days
Entry / triggerpost earnings
Target / exitcredit of two bucks
Invalidation / stopimplied volatility comes down
SpeakerMike
Risks- stock moves against the trade
Trade idea
IBM call diagonal spread
long bullish trade
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Strategycall diagonal spread
Assetequity
ExpirationSeptember
Time horizon60ish days
Entry / triggerIBM stock price
Target / exit225
Invalidation / stopIBM has a big move lower or higher
SpeakerSosnoff
Structure / legs- September 225 call
- August 240 call
Risks- max risk $7.25
- not a trade to put on when IBM is higher
Trade idea
AMD relative value
The speaker suggests that AMD is a better relative value compared to other stocks like Nvidia and Reddit, and proposes a long position in AMD while being short in other stocks like Nvidia, Reddit, and Micron. The speaker emphasizes that AMD is cheaper and offers a better risk-reward profile compared to other stocks in the current market environment.
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Strategyrelative value
Assetstock
Time horizonNot explicitly stated
Entry / triggerAMD is considered cheaper relative to other stocks
Target / exitNot explicitly stated
Invalidation / stopNot explicitly stated
SpeakerEdwin
Risks- Market volatility
- Potential for macroeconomic events to impact prices
- Incorrect assumptions about relative value
Trade idea
COST Put selling
The speaker discusses selling puts on Costco stock at the 900 and 875 levels when the stock was trading around 850. The speaker believed that the stock would eventually rise above these levels, indicating a bullish outlook. The speaker also mentions that the stock has been on a tear to the upside after a period of weakness.
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StrategyPut selling
AssetEquity
ExpirationNot specified
Time horizonNot specified
Entry / triggerStock price at 850 level
Target / exitStock price above 900 level
Invalidation / stopStock price below 850 level
SpeakerThe speaker
Structure / legs- Put at 900 level
- Put at 875 level
Risks- The stock could fall below the put strike price, resulting in a loss
- Market volatility could impact the stock price
- The stock could trade below the put strike price before expiration
Trade idea
HOOD put selling
The speaker is short a bunch of puts on HOOD, expecting a price movement of 8 bucks. The expected move is based on the current price of $87, and the speaker is fingers crossed for the outcome. The trade is based on the anticipated price movement after earnings, with the risk being that the price may move beyond the expected range.
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Strategyput selling
Assetequity
Expirationafter the close
Time horizonday
Entry / triggercurrent price at $87
Target / exit8 bucks
Invalidation / stopprice movement beyond expected range
SpeakerSteve
Risks- unexpected price movement
- earnings report impact
Trade idea
MSFT options trading
The speaker believes that software stocks, such as Microsoft, offer more tangible opportunities for growth compared to Bitcoin. This is based on the idea that software stocks have already experienced significant growth and may have more room for further appreciation. The speaker suggests that the market may not validate long-term predictions as expected, but the potential for capital appreciation remains.
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Strategyoptions trading
Assetstock
Time horizonShort to medium term
Entry / triggerIf the market shows continued interest in software stocks and the stock price is undervalued relative to its fundamentals
Target / exitPotential for capital appreciation based on the company's growth prospects and market position
Invalidation / stopIf the stock underperforms due to market conditions or a decline in the company's fundamentals
SpeakerParticipant 1
Risks- Market volatility
- Regulatory changes affecting the software industry
- Underperformance due to macroeconomic factors
Trade idea
IBM Delta Neutral Strangle
The speaker suggests selling a delta-neutral strangle on IBM, with puts at 315 and calls at 490. The strategy is based on the stock being 'beaten up' and the expected move being 'one and a half times the expected move at each side'. The speaker notes that this strategy has been profitable in Microsoft trades, but requires rolling down the untested side and adjusting as needed.
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StrategyDelta Neutral Strangle
AssetEquity
ExpirationAugust 200
Time horizonShort-term
Entry / triggerStock is down $47
Target / exitCollect around $605-$610
Invalidation / stopIf the stock moves significantly against the position
SpeakerSpeaker
Risks- Market volatility
- Stock price movement against the position
- Execution risk
Trade idea
SAN shorting Micron
The speaker is shorting Micron (MU) at a price of $550, which they consider a bad price. They mention that they started getting short when they put out an alert about selling MU, and they believe it was a poor decision. The speaker is still in the trade despite it being their worst trade in multiple years. The reasoning is that the speaker believes the stock is overvalued and expects a decline, but the exact target and stop-loss are not specified.
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Strategyshorting Micron
Assetequity
Time horizonNot specified
Entry / triggerEarnings report on 813
Target / exitNot specified
Invalidation / stopNot specified
SpeakerTom
Risks- Potential for further price increases
- Market volatility
- Liquidity issues
Trade idea
COIN Earnings Play
The speaker suggests that Coinbase (COIN) is a potential earnings play with an expected move of $1175. They note that there is potential for significant gains if the stock drops $20 on earnings, which could be a result of negative news or market sentiment. The speaker also mentions that there are 'juicy' out-of-the-money puts available for those looking to capitalize on a potential decline.
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StrategyEarnings Play
AssetEquity
Time horizonImmediate
Entry / triggerEarnings report
Target / exit1175
Invalidation / stopPrice drop of $20 on earnings
SpeakerJustin
Risks- Earnings report may not meet expectations
- Market volatility
- Liquidity issues
Trade idea
Open AI Investment in Open AI
The speaker discusses a trade in Open AI six months ago at a price that reflected a 30% discount to the high valuation. The trade was made reluctantly, and the speaker acknowledges the potential for a significant discount but does not specify a target price or stop-loss level. The trade was considered a small investment, and the speaker expresses uncertainty about the future performance of Open AI.
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StrategyInvestment in Open AI
AssetEquity
Time horizonUncertain, as the speaker does not specify a time horizon
Entry / triggerAt a price that reflects a 30% discount to the high valuation
Target / exitUncertain, as the speaker mentions a 30% discount but does not specify a target price
Invalidation / stopUncertain, as the speaker does not specify a stop-loss or invalidation level
SpeakerTony Batista
Risks- Market volatility
- Valuation misalignment
- Uncertainty about the IPO delay's impact on the company's valuation
Trade idea
Meta fade the move
The speaker suggests that in a choppy market, one can fade every move. For example, if a stock like Meta moves down 18% in a day, it could be a candidate for a defined risk trade to fade the move to the upside. Alternatively, if the stock continues to move in the same direction, it may be a sign of a larger trend.
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Strategyfade the move
Assetstock
Time horizonshort-term
Entry / triggerstock has moved significantly in one direction
Target / exitfade the move to the upside or downside
Invalidation / stopif the stock continues to move in the same direction without reversal
Speakerspeaker
Structure / legs- call spread
- defined risk trade
Risks- Market can reverse quickly
- Liquidity issues in the options market
- Volatility can increase the cost of the trade
Trade idea
Trade idea defined risk trade
The speaker recommends using a bullish strategy on a down day, such as a vertical spread, to capitalize on potential upward movement. This approach is considered a defined risk trade, which limits potential losses while allowing for profit if the stock moves in the desired direction.
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Strategydefined risk trade
Assetstock
Time horizonshort-term
Entry / triggeron a down day
SpeakerTony
Risks- Market volatility
- Incorrect assumptions about stock behavior
Trade idea
SPAC Diagonal Spread
The trade is slightly bullish, with a potential upside of $21. The maximum risk is $440, and the trade is based on the expectation that the stock will rise due to the S&P 500 indices. The trade is structured as a diagonal spread, with the buy leg at $167 and the sell leg at $189, with a $4.40 debit.
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StrategyDiagonal Spread
AssetEquity
ExpirationJuly
Time horizonUntil July expiration
Entry / triggerStock price at $116 and change
Target / exitStock price reaching $189
Invalidation / stopStock price falling below $167
SpeakerVinnie
Structure / legs- Buy the July 17th shorterd dated 167
- Sell the July with 10 days 189 call
Risks- The stock could fall below $167
- The S&P 500 indices may not perform as expected
- Market volatility could impact the trade
Trade idea
AVGO Put Ratio Spread
The speaker proposes a put ratio spread on AVGO, buying the AUG 330 put and selling two AUG 220 puts for a $5.30 credit. The break-even is at $215, and the trade is considered due to the wide $10 spread between the puts. The speaker prefers this spread over a narrower one, as it provides more room for the stock to move and potentially higher returns. The trade is considered a good opportunity due to the high IVR and the stock's recent price movement.
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StrategyPut Ratio Spread
AssetEquity
ExpirationAugust
Time horizon40-50 days
Entry / triggerStock price above $223
Target / exitCredit of $5.30
Invalidation / stopBreak-even at $215
SpeakerSpeaker
Structure / legs- Buy AUG 330 put
- Sell two AUG 220 puts
Risks- The stock could move against the trade
- The trade may not be filled at the desired price
- The spread could be wider than expected
- The credit received may not be sufficient to cover potential losses
Trade idea
Dell Double Ratio
The speaker suggests a double ratio strategy involving buying the 90 put and selling the 80 put for a $2 credit. This trade is considered more effective when the stock price is down two and a half. The strategy is based on the idea that the stock price is expected to remain within a certain range, allowing the trader to profit from the credit received while limiting risk.
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StrategyDouble Ratio
AssetEquity
Time horizonShort-term
Entry / triggerStock price down two and a half
Target / exitCredit of $2
Invalidation / stopStock price moves significantly against the trade
SpeakerUnknown
Risks- Market volatility could cause the stock price to move beyond the expected range
- The trade may not generate the expected credit if the stock price moves against the trade
Trade idea
MU rolling calls
The trader rolled calls on MU due to uncertainty about the stock's movement, but the stock's unexpected rally to $1050 raised concerns. The trade idea is based on the trader's belief that the stock's movement was not aligned with expectations, leading to a short position. The trader's thesis is that the stock's movement was not in line with the broader market sentiment, which was holding steady.
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Strategyrolling calls
Assetequity
Time horizonShort-term, as the trader was rolling calls and monitoring the stock's movement.
Entry / triggerStock price was up 20% but the trader rolled calls due to uncertainty about the stock's movement.
Target / exitNot explicitly stated, but the trader expressed concern about the stock's movement.
Invalidation / stopThe trader's invalidation point was the stock's unexpected rally to $1050, which was not anticipated.
SpeakerTrader
Risks- The stock could continue to rally, leading to losses on the short position
- Market sentiment could shift, affecting the stock's performance
Trade idea
SAN strangle
The speaker executed a strangle in SanDisk (SAN) based on the stock's price movement, indicating a short position. The trade was based on the stock's recent decline, with the expectation of further downward movement. The speaker expressed uncertainty about the trade's effectiveness, noting that the stock had moved $200 a day but had recently declined by $3 to $5. The trade was not recommended to others, suggesting a personal strategy rather than a general recommendation.
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Strategystrangle
Assetequity
Time horizonshort-term
Entry / triggerPrice movement below a certain threshold
Target / exitPrice decline of $3 to $5
Invalidation / stopPrice increase above a certain threshold
SpeakerTom Sosnoff
Risks- Price reversal
- Volatility
- Market conditions
Trade idea
Jade Lizard Straddle or Strangle
The speaker suggests selling a call that's two or three strikes out of the money and buying a call that's 20, 25 strikes higher, while also selling a media put. The idea is to profit from the spread between the call and put, with the market expected to trade within a certain range. The strategy is designed to capture the premium while limiting risk.
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StrategyStraddle or Strangle
AssetEquity
ExpirationNot specified
Time horizonShort-term, likely within a few days
Entry / triggerMarket is expected to trade within a certain range
Target / exitProfit from the spread between the call and put
Invalidation / stopIf the market moves significantly outside the expected range
SpeakerSpeaker
Structure / legs- Sell a call that's two or three strikes out of the money
- Buy a call that's 20, 25 strikes higher
- Sell a media put (likely a put with a 25 delta)
Risks- Market volatility could lead to losses if the price moves significantly outside the expected range
- The spread between the call and put may not be sufficient to cover the cost of the trade
- The market may not trade within the expected range, leading to a loss
Trade idea
MU short-term trading with small position sizes
Micron (MU) is experiencing significant daily price movements of 5-10%, indicating high volatility. The speaker suggests that traders can capitalize on this by taking small positions (e.g., 25-50 shares) and aiming for a 10-15% return. The key is to manage risk effectively and avoid overexposure, as the market can move rapidly in either direction. The speaker also notes that the stock is currently unchanged, but the potential for movement exists, especially around earnings.
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Strategyshort-term trading with small position sizes
Assetstock
Time horizonShort-term (within 1-2 trading days)
Entry / triggerEarnings report today
Target / exitPotential 10-20% move
Invalidation / stopMarket close or significant news release
SpeakerSpeaker
Risks- High volatility can lead to rapid losses
- Earnings report may result in unexpected price swings
- Market conditions can change quickly
Trade idea
WENDY'S short-term trading based on meme stock dynamics
The stock has shown significant volatility and is influenced by social media and meme stock dynamics. The speaker suggests that such stocks have shorter runs than traditional assets like gold or oil. The idea is to short the stock based on the expectation that the price will decline after a period of rapid increase.
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Strategyshort-term trading based on meme stock dynamics
Assetequity
Time horizonShort-term, within days to weeks
Entry / triggerPrice at $8, with a history of volatility and social media-driven price movements
Target / exitPotential short-term price decline to $6 or lower
Invalidation / stopPrice rising above $10 or significant positive news
SpeakerUnknown
Risks- High volatility
- Potential for rapid price increases
- Market sentiment changes
Trade idea
MU shorting MU with earnings after market close
The speaker is short MU and believes that the larger move is not priced in. They expect a larger than expected move to the downside, as everything is skewed to the upside. The speaker acknowledges the possibility of a move to the upside but believes the downside is more likely.
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Strategyshorting MU with earnings after market close
Assetequity
Time horizonImmediate
Entry / triggerEarnings after market close
Target / exitAssumed $10 lower or $10 higher on the close
Invalidation / stopIf there's a larger than expected move to the downside
SpeakerUnknown
Risks- Market volatility
- Unexpected earnings report
- Liquidity issues
Trade idea
AAPL strangle
volatility is high and stock is expected to move $21
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Strategystrangle
Assetstock
ExpirationSE
Time horizonshort term
Entry / triggerpost earnings
Target / exitdelta neutral
Invalidation / stopif stock sticks around 300
Speakerunknown
Risks- adjust strikes if needed
- stock could move more than expected
Trade idea
SOXS Scalping
The speaker discusses a trade on SOXS, where they bought the stock in the morning and immediately sold it out after a short-term reversal. The trade was based on the idea of scalping, which involves taking advantage of short-term price movements. The speaker mentions that they had too much of the stock already, so they decided to buy and sell quickly. The trade was successful, as the stock reversed out of spite, indicating a short-term reversal in price. The trade was executed with a clear entry and exit point, and the speaker notes that it usually works out well.
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StrategyScalping
AssetEquity
Time horizonShort-term
Entry / triggerPre-market rally
Target / exitImmediate reversal
Invalidation / stopOverbought condition or continued rally
SpeakerScott
Risks- Market volatility
- Short-term price movements
- Overexposure to the stock
Trade idea
SLV strangle
The speaker is considering a strangle on SLV with a strike price of 6080, noting that the IVR has decreased from 100 to 32. They believe the expected move of $9 is still significant, and the trade is considered liquid enough. The speaker suggests that this is a trade worth considering due to the potential for upside and the current volatility levels.
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Strategystrangle
Assetstock
ExpirationJuly
Time horizonshort-term
Entry / triggercurrent price around $66-67
Target / exitexpected move of $9
Invalidation / stopIVR down to 32
SpeakerScott
Risks- Volatility may not materialize as expected
- Market conditions can change rapidly
- The trade may not perform as anticipated due to unexpected news or events
Trade idea
COIN Wide Iron Condor or Wide Strangle
The speaker suggests that COIN (Coinbase) is a viable candidate for wide iron condors or wide strangles due to its liquidity and the potential for a wide range. The speaker notes that COIN has had a significant price movement and is currently at a level that could allow for a wide spread, making it an attractive option for collecting premiums. The strategy is based on the idea that the market may not move significantly within the range, allowing the trader to profit from the premium collected.
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StrategyWide Iron Condor or Wide Strangle
AssetEquity
Time horizonShort-term
Entry / triggerMarket conditions allow for wide strangles or condors
Target / exitCollect premium from wide range
Invalidation / stopMarket volatility or unexpected news
SpeakerUnknown
Risks- Market volatility
- Unexpected news or events
- Liquidity issues
Trade idea
TSLA naked call
Dylan is currently short a naked call on Tesla (TSLA) with a strike price of 430. The trade was initiated after rolling down from a previous position, and the stock has been volatile. The strategy involves managing the position by potentially selling an out-of-the-money put if the stock declines, or rolling the put higher if the stock rallies. The trade is considered a naked call, which carries the risk of unlimited losses if the stock price rises significantly. The trader is using a $50,000 account, and the trade is being managed with the understanding that adjustments may be necessary based on market conditions.
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Strategynaked call
Assetequity
Expirationunknown
Time horizonunknown
Entry / triggerstock price at 406
Target / exitunknown
Invalidation / stopunknown
SpeakerScott
Risks- Unlimited potential loss if the stock price rises significantly
- Volatility can lead to rapid price movements
- Need for continuous monitoring and adjustment
Trade idea
Nike Put
The speaker is short the 40 puts in Nike, expecting the stock to remain range-bound. The trade is considered a small loser until today, but the speaker likes the play due to the implied volatility and the potential for a break-even or small loss. The trade is a short-term play with limited risk.
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StrategyPut
AssetEquity
ExpirationJuly
Time horizonShort-term
Entry / triggerStock has been range-bound for months
Target / exitBreak-even or small loss
Invalidation / stopSignificant upward movement
SpeakerScott
Risks- Significant upward movement could lead to losses
- Liquidity issues in the options market
Trade idea
Apple Identify trade opportunities in volatile underlyings
The speaker suggests that Apple's price drop of $8 or $9 could be an ideal opportunity to look for a trade. This is based on the idea that volatile underlyings with significant price movements can offer trading opportunities. The speaker also emphasizes the importance of focusing on liquid and volatile stocks, which can provide more reliable signals for trade entry.
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StrategyIdentify trade opportunities in volatile underlyings
Assetstock
Time horizonshort-term
Entry / triggerPrice drops by $8 or $9
Invalidation / stopPrice moves against the trade
SpeakerUnknown
Risks- Market volatility
- Incorrect timing of entry
- Liquidity issues
Trade idea
LEAP Straddle
The proposed strategy involves selling a put and using the proceeds to buy a call, effectively creating a synthetic long position. This strategy is designed to profit from volatility, assuming the underlying asset (LEAP) will experience significant price movements. The thesis is based on the idea that the put sale generates capital that can be reinvested in a call, allowing for potential gains from both upward and downward price movements. However, the strategy is not without risk, as the underlying asset could move significantly against the position, leading to losses.
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StrategyStraddle
AssetEquity
ExpirationMinimum 1 year
Time horizonMinimum 1 year
Entry / triggerSell a put and buy a call with the proceeds from the put sale
Target / exitProfit from volatility
Invalidation / stopLoss if the underlying asset moves significantly against the position
SpeakerUnknown
Risks- Significant price movements against the position
- Market volatility
- Liquidity issues in options trading
Trade idea
KDS Volatility Capture and Downside Protection
Given the recent 53% drop in Kendra Holdings (KDS), selling puts on the 10 or 11 strike prices provides a way to capture premium while offering downside protection. The strategy is based on the expectation that the stock will not rebound significantly in the short term, allowing the seller to profit from the premium. The recommendation to wait for options to be added to the platform ensures that the trade can be executed effectively. The strategy is suitable for traders who are bullish on the stock's potential recovery but want to mitigate risk through premium capture.
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StrategyVolatility Capture and Downside Protection
AssetEquity
ExpirationMarch
Time horizonShort-term (up to 45 days)
Entry / triggerOptions are available on the platform
Target / exitPremium capture
Invalidation / stopIf the stock price drops below the strike price, the trade may need to be adjusted or exited
SpeakerScott
Risks- The stock may continue to decline, resulting in a loss if the put is exercised
- Volatility may increase, affecting the premium and the trade's profitability
- Options may not be available immediately, delaying the trade execution
Trade idea
ROBINHOOD put selling
The speaker is short puts on Robinhood, which has experienced a significant move from 75 to 71.87. The strategy involves selling puts to collect premium, with the expectation that the stock will remain within a certain range. The speaker is debating whether to hold the position until the earnings report, which could impact the stock's price. The trade is considered a good one due to the move, but there is uncertainty about the outcome of the earnings report.
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Strategyput selling
Assetstock
Time horizonshort-term
Entry / triggertrading at 75 bucks
Target / exit71.87
Invalidation / stopearnings report
SpeakerBogey
Risks- Earnings report could cause significant price movement
- Potential for unlimited loss if the stock drops sharply
Trade idea
BTO covered call
The speaker suggests buying a dividend-paying stock like BTO, which has a high dividend yield, and implementing a covered call strategy to generate income. This approach is considered low-risk and is recommended for improving basis in the current market environment. The stock is noted to have been affected by market conditions, making it a potential candidate for a covered call strategy.
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Strategycovered call
Assetstock
Time horizonShort-term to medium-term
Entry / triggerStock has a high dividend yield and is currently undervalued
Target / exitPotential upside in the stock price and dividend income
Invalidation / stopRisk of the stock price declining significantly
SpeakerSaul
Risks- Stock price decline
- Limited upside if the stock price rises above the strike price of the call option
Trade idea
AMD buying dips
The speaker mentions adding to a position in AMD after a dip, indicating a belief in the stock's potential for a rebound. This suggests a strategy of buying dips when the stock is oversold, with the expectation of a price retest of previous resistance levels.
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Strategybuying dips
Assetequity
Time horizonshort-term
Entry / triggerprice dips below a key support level
Target / exitprice retests previous resistance
Invalidation / stopbreak below support level
Speakerunknown
Risks- Market reversal
- Volatility
- Liquidity issues
Trade idea
PYPL long position
The speaker has decided to go long on PayPal (PYPL) after a series of unsuccessful trades, including a naked put sale that resulted in a loss. The decision is based on the belief that the stock is at a low level following its spin-off and that the company's recent stable coin initiative was a positive development. The speaker acknowledges the company's spam practices but is willing to take a long position due to the potential for future growth.
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Strategylong position
Assetequity
Time horizonLong-term
Entry / triggerStock is at a low level after spinning off
Target / exitLong-term hold into 2027
Invalidation / stopIf the stock continues to underperform or if the company's spam practices persist
SpeakerSaul
Risks- Company's spam practices may continue
- Market volatility could impact the stock price
- Potential for continued underperformance
Trade idea
Nvidia selling upside calls
The speaker suggests selling upside calls on Nvidia as a strategy to profit from potential price declines while limiting downside risk. However, the speaker acknowledges that this is not an easy trade and requires precise timing. The speaker also notes that shorting Nvidia has been a poor strategy in the past, indicating the need for careful execution and market analysis.
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Strategyselling upside calls
Assetstock
Time horizonshort-term
Entry / triggerwhen the stock is overvalued and the market is expected to decline
Target / exitprofit from the premium collected if the stock price remains below the strike price
Invalidation / stopif the stock price rises significantly above the strike price, the trade could result in substantial losses
Speakerunknown
Risks- significant losses if the stock price rises
- difficulty in timing the market
- potential for large losses if the stock price moves against the position
Trade idea
IBM Buy on pullback
The speaker discusses IBM's price drop and considers buying it at a lower price. The reasoning is that the price drop may represent a buying opportunity, and the proposed action is to buy the stock if it reaches a lower price. The invalidation level is a break below the key support level, indicating that the trade idea is based on a potential reversal.
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StrategyBuy on pullback
Assetequity
Time horizonShort-term
Entry / triggerPrice drops below a key support level
Target / exitPrice reaches a previous resistance level
Invalidation / stopPrice breaks below a key support level
SpeakerTom Sausnoff
Risks- Market volatility
- Incorrect price movement
Trade idea
IBM selling puts on IBM
The speaker is considering selling puts on IBM, with the intention of buying the stock at a higher price if the put is exercised. The speaker prefers selling out-of-the-money puts if the market is tight, and is willing to buy the stock at a higher price if the put is exercised. The speaker also notes that the trade is likely to be a short-term trade, with a time horizon of a couple of weeks.
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Strategyselling puts on IBM
Assetstock
Time horizoncouple weeks
Entry / triggerif the market on the puts is too wide
Target / exitbuy the stock at a higher price if the put is exercised
Invalidation / stopif the put is not exercised and the stock price moves against the trader
Speakerthe speaker
Risks- the stock price could move against the trader
- the put could be exercised at a price that is not favorable to the trader
Trade idea
META strangles
The speaker sold strangles in Meta and the chip stock ETF SMH due to their belief that implied volatility was excessively high, indicating overpriced options. The reasoning is that high IVR may reflect speculative behavior rather than true risk, creating an opportunity to short the volatility. The trade was based on the assumption that the market was inflating volatility, not reflecting actual risk. The speaker emphasized that this approach is mechanical and relies on IVR as a key indicator.
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Strategystrangles
Assetequity
Time horizonshort-term
Entry / triggerIVR at 100, which is the highest over the last year for Meta
Invalidation / stopIf IVR drops significantly or if the market shows signs of genuine risk increase
SpeakerThe speaker
Risks- Market may not be mispricing risk, leading to potential losses if volatility is justified by fundamentals
- Volatility could spike further, increasing the risk of losses
Trade idea
AMD short call spread
The speaker believes that AMD's stock is overbought and that a short call spread can profit from the expected range-bound movement. The strategy is based on the assumption that the stock will not move significantly beyond the strike prices, allowing for a profit from the premium collected. The speaker also mentions that the stock is 'overcooked,' indicating a belief that the market's expectations are inflated.
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Strategyshort call spread
Assetstock
ExpirationAugust
Time horizon38 days
Entry / triggerStock up 20 bucks
Target / exit20 bucks higher
Invalidation / stopSignificantly over where it would be for a trillion dollar company
SpeakerScott Sheridan
Risks- The stock could move beyond the strike prices, resulting in a loss
- Volatility could increase, leading to higher-than-expected price movements
- Market sentiment could change, affecting the stock's performance
Trade idea
JP Morgan Short Call Spread
The speaker sold calls on JP Morgan at 344, expecting the stock to remain below that level. The stock initially dropped $10 pre-market but then rallied to 346, which is the strike price of the long call. The speaker is now short the calls and is waiting for the expiration. The trade is considered a short call spread, which is a limited-risk strategy with a defined profit and loss. The speaker is confident in the trade, but acknowledges the risk of the stock moving beyond the strike price.
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StrategyShort Call Spread
AssetEquity
ExpirationThis Friday
Time horizonThis Friday
Entry / triggerStock price at 344
Target / exit346
Invalidation / stopIf the stock price moves beyond 346
SpeakerTom Safi
Structure / legs- Short Call at 344
- Long Call at 346
Risks- If the stock price moves above 346, the short call will incur a loss
- The trade is limited to the difference between the strike prices
- The speaker is not covering the position, which means they are exposed to unlimited risk if the stock price rises significantly
Trade idea
META naked strangle
The speaker anticipated that the IVR for Meta would be excessively high due to earnings anticipation. By selling strangles, the trader aimed to profit from the expected normalization of volatility post-earnings. The strategy involved selling strangles with strikes that were likely out of the money, with the expectation that the IVR would decrease, allowing the position to profit from the decline in premium. The risk was limited to the premium paid, and the trade was intended to be held through the earnings event.
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Strategynaked strangle
Assetequity
Time horizonEarnings event
Entry / triggerHigh IVR ahead of earnings
Target / exitIVR normalization between 60 and 70
Invalidation / stopIf IVR does not decline as expected
SpeakerTom
Risks- Earnings surprises could impact stock price movement
- Volatility may not decline as expected
- Market liquidity issues
Trade idea
META strangles
The speaker proposed selling strangles on Meta (META) due to the high IVR, expecting a volatility drop post-earnings. The trade was based on the assumption that the high IVR would decrease, allowing for profit. The speaker emphasized closing the trade if the IVR dropped significantly or if the underlying assumption (e.g., volatility) changed. The trade was considered risky if the position became too capital-intensive, and the speaker suggested reducing the size or rolling the position if necessary.
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Strategystrangles
Assetequity
Time horizonshort-term (around earnings event)
Entry / triggerhigh IVR (Implied Volatility Ratio) due to earnings
Target / exitIVR drops significantly or underlying assumption changes
Invalidation / stopposition too capital intensive or deemed too risky
SpeakerTom
Risks- IVR does not drop significantly
- underlying assumption changes
- position becomes too capital-intensive
Trade idea
Rocket Labs strangle
If a trader sells a put on Rocket Labs and the stock price drops significantly, the put becomes a losing trade. To adjust, the trader can roll the call down or recenter the position by buying the guts and selling the wings in the same month. This allows for delta neutralization and risk reduction. Rolling to the next expiration also adds duration and lowers delta, reducing risk. The primary method for risk reduction is adjusting the untested side of the strangle.
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Strategystrangle
Assetequity
Expirationcurrent
Time horizonshort-term
Entry / triggerstock price moves down $10
Target / exitadjust delta by rolling the call down or rolling the put up
Invalidation / stopif the stock continues to move against the position, roll the call down or recenter the trade
SpeakerScott
Risks- Market movement against the position
- Transaction costs
- Slippage in execution
Trade idea
MU earnings trade
The speaker is adjusting the strike prices for a Micron (MU) earnings trade, expecting a move of around 10 to 12%. The speaker believes that the increased volatility today makes earnings trades more favorable, as the pop in volatility can lead to better outcomes. The trade is based on the expectation that the stock will move up by the expected amount, with the strike prices adjusted to reflect this. The risks include the possibility that the stock does not move as expected, which could result in a loss.
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Strategyearnings trade
Assetstock
Expirationtomorrow
Time horizonshort-term
Entry / triggeradjust everything $100 down
Target / exit100 and 140
Invalidation / stopif the expected move does not materialize
SpeakerScott
Structure / legs- 1405 14 15 call
- 975 965 call
Risks- the stock may not move as expected
- volatility may not continue at the current level
- the earnings report may be disappointing
Trade idea
NFLX Put Spread
The speaker is short a put spread on Netflix, selling the August 70 put for $3.55, expecting the stock to remain below this strike. The strategy is based on the belief that Netflix is in a downtrend following earnings reports, and the put spread allows for profit from the premium while limiting risk. The speaker also mentions a call diagonal spread, indicating a broader strategy of using options to capitalize on market movements.
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StrategyPut Spread
AssetEquity
ExpirationAugust
Time horizonUntil expiration
Entry / triggerStock is trading below the short put strike
Target / exitProfit from the premium received
Invalidation / stopIf the stock rises above the short put strike
SpeakerTom
Structure / legs- Put at 70 strike
- Put at 75 strike
Risks- If the stock rises above the short put strike
- Market volatility could impact the trade
Trade idea
SPACEX Butterfly spread
The speaker suggests that a butterfly spread on SpaceX could be constructed with an expected move of $42. The strategy involves setting the width of the strikes based on the expected move, with the put side being adjusted more aggressively if the trader is bullish. The speaker also notes that the volatility in SpaceX is still relatively high, making the butterfly spread potentially more expensive. The thesis is based on the expected move and the volatility levels, with the potential for profit if the stock moves within the expected range.
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StrategyButterfly spread
Assetequity
ExpirationAugust
Time horizonShort-term
Entry / triggerExpected move of $42
Target / exit42 higher
Invalidation / stopIf the expected move is not realized
SpeakerScott
Risks- Volatility could lead to higher costs
- The expected move may not materialize
- Liquidity issues in the options market
Trade idea
MU trading vehicle
The speaker views Micron (MU) as a great trading vehicle due to its high volatility and range-bound behavior. The speaker suggests that the market is ignoring risks and may eventually decline significantly, making MU a potential short-term trading opportunity. The speaker also notes that the evaluations of MU and other stocks like SanDisk are considered silly and stupid, indicating a potential overvaluation.
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Strategytrading vehicle
Assetstock
Time horizonshort-term
Entry / triggerMarket is in a range-bound state with high volatility.
Target / exit200 to 210
Invalidation / stopMarket breaks out of the range or shows signs of a sustained trend.
Speakerspeaker
Risks- Market may not follow the expected pattern.
- Volatility could lead to significant losses if the trade goes against the position.
Trade idea
MU selling calls
The speaker suggests that selling calls closer to the money is a better approach than the wheel strategy for shorting MU. The rationale is that the stock is unlikely to continue its upward trend, and the risk-reward ratio is more favorable with shorter-dated options. The speaker also emphasizes the importance of position sizing and the need to consider the time frame of the trade. The trade idea is based on the assumption that the stock will not continue its upward trend and that the risk-reward ratio is favorable.
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Strategyselling calls
Assetstock
ExpirationMarch
Time horizonshort-term (2 days)
Entry / triggerbefore earnings report
Target / exitprofit from potential downward move
Invalidation / stopif the stock continues its upward trend
SpeakerScott
Risks- The stock could continue its upward trend, leading to a loss
- Shorter-dated options carry higher risk due to limited time to recover from a wrong trade
Trade idea
Micron buying at a low price with a long-term horizon
The speaker discusses their experience with Micron stock, where they bought it at a low price and held it for a long time, eventually seeing significant appreciation. The trade idea is to identify undervalued stocks and hold them for a long period, allowing for potential appreciation. The risk is that the stock may continue to decline, leading to losses if the trader is unable to recover. The thesis is based on the idea that patience and long-term holding can lead to significant gains, as demonstrated by the speaker's experience.
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Strategybuying at a low price with a long-term horizon
Assetstock
Time horizonlong-term
Entry / triggerbuying at a low price when the stock is undervalued
Target / exitsignificant appreciation over time
Invalidation / stoploss if the stock continues to decline and the trader is unable to recover
Speakerspeaker
Risks- market risk
- liquidity risk
- time risk
Trade idea
OKLO Sell puts with a delta of approximately 25
The optimal put to sell is based on delta, not strike price or volatility alone. A 25 delta put offers the highest amount of money with the least risk, providing an 80% probability of profit. This approach ensures a balanced risk-reward profile.
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StrategySell puts with a delta of approximately 25
AssetEquity
Time horizonShort-term to medium-term
Entry / triggerHigh volatility and a stock with a high implied volatility
Target / exitBreak-even point around 80% probability of profit
Invalidation / stopIf the stock price moves significantly below the strike price, the trade may need to be adjusted or closed
SpeakerTastytrade
Risks- Market volatility
- Liquidity issues
- Unfavorable price movements
Trade idea
Micron Buy Micron later in the day
The speaker suggests that Micron is a product of the day and that most traders will be trading it later in the day. This indicates a potential short-term bullish outlook on Micron, possibly due to positive news or market sentiment. The trade idea is based on the speaker's recommendation to trade Micron, suggesting a long position.
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StrategyBuy Micron later in the day
Assetequity
Time horizonshort-term
Entry / triggerLater in the day
SpeakerSpeaker
Risks- Market volatility
- Unfavorable news
- Liquidity issues
Trade idea
RKLB put selling
Rocket Labs is expected to decline, making the put sell strategy viable
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Strategyput selling
Assetstock
Time horizonshort-term
Entry / triggerwait for Rocket Labs to come back down a little bit
Target / exit20% return
Invalidation / stopstock price rising above 45
SpeakerTom
Risks- market volatility
- unexpected price movement
Trade idea
ROCKET LAB selling 45 puts for $2
The speaker believes the stock will rebound and the put will expire worthless.
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Strategyselling 45 puts for $2
Assetstock
Expirationnot specified
Time horizon50 days
Entry / triggerwaiting for the stock to come back down
Target / exit20% return on capital for 50 days
Invalidation / stopvolatility won't stay that high
Speakernot specified
Risks- volatility may not remain high
- stock may not rebound as expected
Trade idea
Trade idea ratio spread
low risk, low reward trade
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Strategyratio spread
Assetstock
Time horizon50 days
Entry / triggerstock on its lows
Target / exit50 cents
Invalidation / stopstock needs to come back down
Speakerunknown
Trade idea
Hood selling puts
The speaker mentions selling 73 puts on Hood, indicating a short position. They also express a preference for buying Hood in the low 70s, suggesting a potential bullish outlook. The speaker's strategy involves selling puts to collect premiums, which is a common options strategy for generating income. The trade idea is based on the speaker's belief that the stock may not move significantly, allowing them to profit from the premium collected.
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Strategyselling puts
Assetstock
Expirationnot specified
Time horizonshort-term
Entry / triggermarket is at a certain level
Target / exitnot specified
Invalidation / stopnot specified
SpeakerSpeaker
Risks- Market volatility could lead to unexpected price movements.
- The stock could move beyond the strike price, resulting in a loss if the put is exercised.
Trade idea
NKE selling puts
The speaker discusses selling puts on Nike (NKE) with the intention of profiting from a potential rise in the stock price. The trade was initiated at a price of $43, with the puts sold at $2. The speaker acknowledges that the stock price dropped, resulting in a loss, and suggests that waiting for a better entry point might have been more effective. The thesis is that selling puts can be a viable strategy if the trader is confident in the stock's ability to rise above the strike price before expiration.
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Strategyselling puts
Assetequity
Expiration43 days
Time horizonshort-term
Entry / triggerstock price at 43
Target / exitstock price at 45
Invalidation / stopstock price drops below 43
SpeakerSpeaker
Risks- Market volatility
- Stock price drops below the strike price
- Liquidity issues
Trade idea
Blue Owl buy the stock and sell calls
The speaker believes that Blue Owl is undervalued and that it is not too early to nibble, given the potential for recovery and the thesis that the company is too big to fail. The strategy involves buying the stock and selling calls to generate income while limiting downside risk.
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Strategybuy the stock and sell calls
Assetstock
ExpirationMay
Time horizonlong-term
Entry / triggercurrent price of $8.65
Target / exitnot explicitly stated
Invalidation / stopnot explicitly stated
SpeakerArthur
Risks- Volatility in the stock price
- Potential for the company to fail despite the thesis
- Market conditions affecting the effectiveness of the strategy
Trade idea
SPY call spread
high probability profit with a wide spread
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Strategycall spread
Assetequity
ExpirationSeptember 18th
Time horizonshort-term
Entry / triggermarket up
Target / exithigh probability profit
Invalidation / stopmarket moves beyond expected range
SpeakerTony AI
Risks- market moves beyond expected range
Trade idea
Microsoft Sell a call spread with strikes 535 and 545
The trade is based on the expectation that the stock will not move significantly beyond the strike prices
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StrategySell a call spread with strikes 535 and 545
AssetEquity
ExpirationNot specified
Time horizonShort-term
Entry / triggerStock price is near all-time highs
Target / exitCollect around $1.10 to $1.15
Invalidation / stopIf the stock moves significantly higher or lower
SpeakerTom Sausnoff
Risks- If the stock moves beyond the strike prices, the trade could result in a loss
Trade idea
Nvidia Shorting calls on Nvidia
The speaker sold 205 puts and 250 calls on Nvidia, expecting limited price movement. The trade is based on the assumption that the stock will not move significantly, allowing the seller to profit from the premium. The speaker plans to cover the position at $1.50 if the price reaches that level, aiming for a 25% return. The trade is considered high-risk due to the potential for significant price movements.
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StrategyShorting calls on Nvidia
AssetEquity
ExpirationFriday
Time horizonShort-term
Entry / triggerNvidia closes at 204
Target / exit167
Invalidation / stopIf the price rises above 250
SpeakerSpeaker
Risks- Significant price movement in either direction
- Failure to cover the position at the planned price
- Market volatility leading to unexpected outcomes
Trade idea
MU Scalping
The speaker executed a scalping trade on MU, entering at $666 and exiting at $686 for a $20 profit. The trade was based on the expectation of short-term price movements in a highly volatile market. The strategy relies on quick execution and the ability to capitalize on intraday price swings. The speaker later noted that the stock had risen to $736, indicating the potential for further volatility. This trade idea is suitable for traders who can quickly identify and act on short-term price movements in volatile stocks.
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StrategyScalping
AssetEquity
Time horizonIntraday
Entry / triggerIdentify short-term price movements in highly volatile stocks
Target / exitQuick profit from intraday price swings
Invalidation / stopExit if price moves against the trade or if the volatility subsides
SpeakerTom Sosnoff
Risks- Adverse price movements in short time frames
- Market volatility may not persist
- Execution risk due to fast-moving prices
Trade idea
Snowflake earnings strangle
The speaker suggests selling a June earnings strangle on Snowflake, noting that the stock is trading around $163 and the expected move is $30. The strangle has a high IVR of 91 and a probability of profit of 82%. The speaker also mentions adjusting the put side if the stock sells off further, but the trade is still considered valid as it's outside the expected move on the put side and gives room on the call side for a potential surprise.
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Strategyearnings strangle
Assetstock
ExpirationJune
Time horizonaround earnings date
Entry / triggerbefore earnings date
Target / exitprofit of 82%
Invalidation / stopif the stock moves beyond the expected range
SpeakerUnknown
Risks- Market volatility
- unexpected earnings results
- liquidity issues
Trade idea
Nvidia strangle
The speaker executed a strangle on Nvidia with strikes at 205 and 250, collecting $200 on a one lot. The trade allows for a higher probability of profit and a greater credit compared to a defined risk strategy like an iron condor. The trader is comfortable with the extra risk for the potential higher return, and the trade can be adjusted based on the expected move.
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Strategystrangle
Assetstock
Expirationnot specified
Time horizonNot explicitly stated, but the trade was executed in the morning.
Entry / triggerMarket volatility is high, and the trader is comfortable with undefined risk.
Target / exitNot explicitly stated, but the trader collected $200 on a one lot.
Invalidation / stopNot explicitly stated, but the trader mentions the expected move and the potential for being two times the expected move.
SpeakerTom Sosnoff
Risks- Higher risk compared to defined risk strategies
- Potential for larger losses if the market moves against the trade
Trade idea
MSFT Buy on pullbacks
The speaker suggests that Microsoft may present a buying opportunity following a pullback, given the perceived overvaluation and the tendency of investors to repurchase after selling. This implies a potential short-term reversal or consolidation phase.
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StrategyBuy on pullbacks
AssetEquity
Time horizonShort-term
Entry / triggerPotential pullbacks following overvaluation concerns
Target / exitNot specified
Invalidation / stopNot specified
SpeakerSpeaker
Risks- Market volatility
- Overvaluation may persist
- Lack of clear entry point
Trade idea
LNG volatility trading
The speaker mentions that natural gas (LNG) has been a poor performer in their portfolio, despite not taking any directional bets. They are short strangles, which have resulted in losses. The speaker suggests that natural gas has been difficult to trade profitably, indicating that the strategy may not be effective in the current market environment. The trade idea is based on the speaker's personal experience with LNG and their observation of its performance.
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Strategyvolatility trading
Assetequity
Time horizonshort-term
Entry / triggernatural gas price movements
Invalidation / stopprice movement against the short strangles
SpeakerScott
Risks- Gamma risk from short strangles
- Volatility risk
- Market direction risk
Trade idea
MU position management
The speaker mentions holding an existing position in Micron (MU) and being prepared to 'go down with the ship.' However, they also indicate adding to the position in a different way, suggesting a strategy of incremental buying. The reasoning is based on the belief that the market may continue to move in a favorable direction, despite short-term volatility. The proposed execution involves maintaining the existing position while selectively adding to it based on market conditions.
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Strategyposition management
Assetequity
Time horizonnot specified
Entry / triggerexisting position
Target / exitnot specified
Invalidation / stopnot specified
Speakerspeaker
Risks- Market reversal could lead to losses.
- The speaker's strategy is not fully detailed, making it difficult to assess risk exposure accurately.
Trade idea
Trade idea buy the dip
The 'buy the dip' strategy is favored due to the market's historical tendency to have longer upward trends than downward moves. This strategy involves purchasing assets during dips, anticipating a rebound. The effectiveness is supported by historical data showing the market is up approximately 58% of the time over the last 20 years, with only 42% of the time being down. This statistical advantage makes buying during dips more favorable for long-term gains.
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Strategybuy the dip
Assetstock
Time horizonShort to medium term (days to weeks)
Entry / triggerWhen the market dips due to short-term volatility or corrections
Target / exitAnticipate a rebound based on historical trends and market behavior
Invalidation / stopIf the dip continues without a rebound, consider exiting or adjusting the position
SpeakerScott
Risks- Market may continue to decline without a rebound
- Volatility can lead to increased risk of losses
Trade idea
INTC long diagonal spread
The speaker likes Intel at 85 and suggests a long diagonal spread in Intel.
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Strategylong diagonal spread
Assetequity
Entry / triggerat 85
SpeakerUnknown
Trade idea
IBIT strangle
stock will stay in a narrow range
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Strategystrangle
Assetstock
Time horizon52 days
Entry / triggerstock price movement
Target / exitpositive delta
Invalidation / stopstock movement
Speakerspeaker
Trade idea
Trade idea cashless collar with vertical spreads
To collar a portfolio of highly correlated assets, sell call spreads above the market and buy put spreads below the market. This verticalized cashless collar strategy limits downside risk while retaining upside potential. The call spreads are sold just outside the expected market move, and the put spreads are bought just below the expected move. This approach reduces risk without taking cash out of the portfolio, exposing the trader to limited upside liability outside the normal trading range. The strategy is effective when the long call spreads are near their maximum value, as it allows for protection without sacrificing significant upside opportunity.
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Strategycashless collar with vertical spreads
Assetequity
ExpirationJanuary 2027
Time horizonshort-term to medium-term
Entry / triggerwhen long call spreads are near max value
Target / exitlimit downside risk while retaining upside potential
Invalidation / stopif market moves significantly outside the expected range
Speakerspeaker
Structure / legs- sell call spreads above market
- buy put spreads below market
Risks- Limited upside potential beyond the collar range
- Market moves significantly outside the expected range
- Inaccurate assessment of expected market movement
Trade idea
MO shorting a parabolic stock
The speaker is shorting MO (Microsoft) due to its recent parabolic move, which has been described as excessive. The speaker believes the stock is overbought and expects a correction. The trade idea is based on the assumption that the stock's recent performance is unsustainable and that the market will correct the overvaluation.
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Strategyshorting a parabolic stock
Assetequity
Time horizonshort-term
Entry / triggerstock rallies up today
SpeakerUnknown
Risks- Potential for continued upward movement
- Market volatility
- Liquidity issues
Trade idea
AAPL put spread
contrarian play
View full notes
Strategyput spread
Assetequity
ExpirationSeptember
Time horizonshort-term
Entry / triggerstock price down 235
Target / exit235
Invalidation / stopstock price up
Speakerunknown
Structure / legs- September 295 put
- September 285 put
Risks- market volatility
- unexpected stock price movement
Trade idea
AAPL put spread
Apple's weakness after a downgrade could be exploited with a put spread
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Strategyput spread
Assetequity
ExpirationSeptember
Time horizonshort-term
Entry / triggerApple going lower
Target / exit266
Invalidation / stopmarket going higher
SpeakerScott
Risks- market reversal
- volatility changes
Trade idea
SKHY long call
potential for further gains given the stock's recent performance
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Strategylong call
Assetstock
Time horizonnot specified
Entry / triggerstock up 8%
Target / exitnot specified
Invalidation / stopnot specified
Speakernot specified
Risks- market correction
- underlying fundamentals
Trade idea
Trade idea strangle
A wide strangle is the optimal trade in stocks with heavy call skew, as it allows for greater distance on the call side while maintaining the same risk as the put side.
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Strategystrangle
Assetstock
Entry / triggerheavy call skew
Target / exitwide strangle
SpeakerBat
Risks- volatility contraction
- delta risk
- overexposure
Trade idea
Rivian undefined risk trade
The speaker recommends starting with cheaper stocks like Rivian to get used to undefined risk trades. This approach allows traders to build confidence and reach profit targets faster. The speaker emphasizes the importance of managing risk through position sizing and suggests that undefined risk trades offer a higher probability of profit compared to defined risk trades.
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Strategyundefined risk trade
Assetstock
Time horizonNot explicitly stated, but the speaker suggests starting with cheaper stocks to build confidence.
Entry / triggerIdentify stocks that are a little bit cheaper, such as Rivian, to get started with undefined risk trades.
Target / exitReach profit targets faster with undefined risk trades.
Invalidation / stopNot explicitly stated, but the speaker suggests using defined risk trades as a starting point.
SpeakerSpeaker
Risks- Market volatility
- Potential for larger losses compared to defined risk trades
Trade idea
PLTR strangle
The speaker suggests widening the strike range of a strangle position in PLTR from 130-150 to 100-180 to capture more call skew and improve comfort during volatility expansion. This adjustment is based on the observation that the current position is underperforming due to the puts moving in the money. The strategy assumes that volatility will continue to expand, which is supported by recent market conditions. The risk is that volatility may contract, leading to a loss.
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Strategystrangle
Assetequity
ExpirationAugust
Time horizonshort-term
Entry / triggervolatility expansion
Target / exit100-180 strike range
Invalidation / stopvolatility contraction
SpeakerTony
Risks- volatility contraction
- premium costs
Trade idea
Dell selling calls and puts
The speaker believes that the IBR being above 100 indicates a potential trade opportunity for Dell. By selling 600 calls and 300 puts for August, the speaker anticipates a price range that could result in a profit of five to six bucks. The strategy is based on the assumption that the IBR will move above 100 and that the stock will trade within the predicted range.
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Strategyselling calls and puts
Assetequity
ExpirationAugust
Time horizonshort-term
Entry / triggerIBR above 100
Target / exitfive to six bucks
Invalidation / stopIf the IBR remains below 100 or if the stock price moves outside the predicted range
SpeakerSpeaker
Risks- Market volatility affecting the stock price
- Incorrect interpretation of the IBR
- Potential for the stock to move outside the predicted range
Trade idea
SPACEX put
The speaker recommends selling 90 puts on SpaceX with a 94% probability of profit and an expected move of $32. The trade offers a favorable risk-reward ratio, with the stock trading at $150 and the puts priced at $125-$135. The speaker emphasizes that this is a high-probability trade with a significant return on capital, even though it's not guaranteed to work out. The speaker also notes that the IVR (Implied Volatility Rank) may not be reliable for new offerings, but the IVX (Implied Volatility Index) is more trustworthy.
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Strategyput
Assetequity
Time horizonShort-term
Entry / triggerStock trading at $150
Target / exit125-135
Invalidation / stopIf the stock moves significantly against the trade
SpeakerSpeaker
Risks- The trade is not guaranteed to work out
- The IVR (Implied Volatility Rank) may not be reliable for new offerings
- The expected move may not materialize as anticipated
Trade idea
Dell short call spread
The speaker suggests adjusting the Dell trade by selling higher strike calls (650 or 700) and buying lower strike puts (300). This strategy is based on the call skew in the market, which is described as 'ridiculous.' The idea is to capitalize on the skew by selling calls and buying puts, which can provide a profit if the stock remains within a certain range. The speaker also mentions rolling the position to the next month if the assumption remains unchanged.
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Strategyshort call spread
Assetstock
ExpirationJuly
Time horizonShort-term, with potential for rolling the position to the next month
Entry / triggerMarket conditions suggest a potential for a short call spread strategy
Target / exitProfit from the call skew and the put credit
Invalidation / stopIf the stock moves significantly against the short call positions
SpeakerTom
Structure / legs- sell 650 calls
- sell 700 calls
- buy 300 puts
Risks- Market movement against the short call positions
- Potential for increased volatility
- Need for careful monitoring and adjustment
Trade idea
MU shorting a directional stock with high volatility
MU is a directional stock with high volatility. Shorting it when it is at a new high can be profitable if the price reverts to a previous level or consolidates. However, the risk of a significant upward move must be managed, and the trade should be monitored closely.
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Strategyshorting a directional stock with high volatility
Assetequity
Time horizonShort-term, with potential for quick reversal
Entry / triggerStock is at a new high, with high volatility
Target / exitPrice reverts to a previous level or consolidates
Invalidation / stopSignificant upward move beyond expected range
SpeakerTom
Risks- Volatility can lead to larger-than-expected price swings
- Market conditions can change rapidly
- Liquidity issues in the stock
Trade idea
Trade idea covered calls
the market is expected to correct
View full notes
Strategycovered calls
Assetstock
Time horizonshort-term
Entry / triggerif the market is expected to correct
Target / exitreduce delta to 50 or 70
Invalidation / stopif the market moves significantly against the position
Speakerunknown
Risks- loss of potential gains if the stock price rises significantly
Trade idea
AAPL put diagonal
bearish on Apple
View full notes
Strategyput diagonal
Assetequity
ExpirationAugust 21st
Time horizonshort-term
Entry / triggerstock price lower
Target / exitrisk one to make one
Invalidation / stopvolatility collapse in front month
SpeakerTony
Structure / legs- August 21st 320 put
- August 3rd 310 put
Risks- volatility collapse
- unexpected stock movement
Trade idea
INTC strangle
Intel's high IVR and liquidity make it an attractive candidate for a strangle trade. The high IVR suggests potential for significant price movement, while liquidity ensures that the trade can be executed efficiently. The trade is skewed towards calls and puts based on the trader's risk preference, with the potential for a 80% pop. The trade is considered high probability due to the high IVR and liquidity.
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Strategystrangle
Assetstock
Expirationmonthlies
Time horizonshort-term
Entry / triggerIntel has the highest IVR on the board
Target / exitpop of just about 80%
Invalidation / stopIf the market moves significantly against the trade
SpeakerScott
Structure / legs- 170 87 and 1/2 strangle for 625
- 170 87 and 1/2 strangle for 625
Risks- Outlier risk
- Market volatility
- Liquidity issues
Trade idea
Netflix put selling
The speaker mentions that selling Netflix's 85 puts was one of their favorite trades, indicating a bullish outlook on Netflix. The trade was executed when Netflix was up 285 265, suggesting a potential for continued upward movement. The speaker's confidence in this trade implies a belief in the stock's positive momentum.
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Strategyput selling
Assetequity
Expirationnot specified
Time horizonnot specified
Entry / triggerNetflix up 285 265
Target / exitnot specified
Invalidation / stopnot specified
SpeakerSol
Risks- Market downturn could result in losses if the stock declines below the strike price
- Volatility could impact the value of the options
Trade idea
ROBINHOOD put selling
The speaker sold 74 puts against Robinhood, expecting the stock to trade within a certain range. However, the stock opened lower than expected, indicating a potential downside surprise. The trade's validity depends on the stock's movement relative to the strike price. The speaker acknowledges the risk of paying for the move, highlighting the need for careful risk management in such trades.
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Strategyput selling
Assetequity
Expirationunknown
Time horizonshort-term
Entry / triggerstock price around 72.5
Target / exitunknown
Invalidation / stopstock price moving against the trade
SpeakerTom
Risks- downside surprises
- volatility
- unexpected market movements
Trade idea
META strangle
The speaker is short a skewed strangle on oil, expecting a $10 or $15 drop before a $10 rise. The trade is based on the belief that the market is long oil, and the speaker is taking a short position to capitalize on potential downside. The trade is considered low risk due to the skewed strangle structure, which limits upside risk while capturing potential downside.
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Strategystrangle
Assetequity
Time horizonShort-term
Entry / triggerMarket opens
Target / exitOil price drops $10 or $15
Invalidation / stopIf oil price rises $10
SpeakerSpeaker
Structure / legs- short calls with twice the delta of puts
Risks- Oil price rises unexpectedly
- Volatility decreases, reducing the effectiveness of the strangle
Trade idea
COINBASE put spread
The speaker mentions a trade involving a put spread on Coinbase that was closed on Friday afternoon. They note that the trade was not executed this morning due to the stock's price increase of $7. The trade was considered a good opportunity at the time, but the speaker acknowledges that the trade would not be repeated due to the price movement.
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Strategyput spread
Assetequity
Time horizonnot specified
Entry / triggerclosed on Friday afternoon
Target / exitnot specified
Invalidation / stopstock price increase of $7
SpeakerBat
Risks- price increase
- volatility changes
Trade idea
Marll strangle
The speaker proposed a wide strangle on Marll due to the high IVR of 102. The strategy was designed to capitalize on the volatility without being exposed to the upward bias of the market. The speaker noted that the stock had a significant move on Friday and was up 12% on the day of the trade. The strangle was considered a neutral strategy that could benefit from the high volatility, but the speaker warned that the market could 'run over' the position if it moved against the trade.
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Strategystrangle
Assetstock
Expirationcurrent
Time horizonshort-term
Entry / triggerIVR of 102
Target / exitprofit from volatility
Invalidation / stopmarket moving against the position
Speakerunknown
Risks- market moving against the position
- volatility decreasing
- liquidity issues
Trade idea
Walmart iron condor
Close the position to avoid earnings event and free up capital
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Strategyiron condor
Assetequity
ExpirationAugust 20th
Time horizon32 days
Entry / triggerIVR over 30
Target / exit20% profit
Invalidation / stopEarnings event
SpeakerConstantine
Risks- Earnings event could impact the position negatively
Trade idea
IVR put
Better than 50/50 and IVR
View full notes
Strategyput
Assetequity
Entry / triggerNasdaq futures are up about 150
Target / exit34 bid
SpeakerTom
Trade idea
FLYYQ shorting a pink sheet stock
The speaker expresses a strong aversion to trading the stock of FLYYQ, a pink sheet stock, due to its low price and potential volatility. They suggest that it is an interesting dilemma for the government, but they do not propose a specific trade action. The speaker's uncertainty about the stock's price and the potential for a price increase indicates a cautious approach to trading this stock.
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Strategyshorting a pink sheet stock
Assetstock
Time horizonshort-term
Entry / triggerstock price below a dollar
Target / exitpotential price increase
Invalidation / stopprice increase above a certain level
Speakerspeaker
Risks- high volatility
- low liquidity
- regulatory risks
Trade idea
Micron shorting Micron
The speaker shorted Micron at lower prices, expecting a move of $41 for the week. However, the move was larger than expected at $45, leading to a loss. The speaker acknowledges that the trade was not good and that the puts bought for $25 may not be effective unless the sell-off is significant. The trade is considered a short-term play with a high risk of market reversal.
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Strategyshorting Micron
Assetequity
Time horizonweek
Entry / triggershort Micron at lower prices
Target / exitexpected move of $41 for the week
Invalidation / stopif the sell-off is minor, the puts may be 'killed'
Speakerspeaker
Risks- market reversal
- unexpected price movement
- limited upside potential
Trade idea
Netflix naked put
The speaker suggests that the naked put strategy on Netflix is preferable to a short put spread due to the potential for higher returns and the ability to manage risk through adjustments. The trade involves selling a naked put at the 75 strike with a credit of 188, aiming for a stock price increase to 76. The risk is limited to the difference between the strike price and the stock price if it drops below 73. The speaker emphasizes the importance of adjustments and the cost of spreads in decision-making.
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Strategynaked put
Assetstock
Expirationnot specified
Time horizonshort-term
Entry / triggerstock price at 75
Target / exitstock price at 76
Invalidation / stopstock price drops below 73
SpeakerBrad
Risks- Potential for unlimited downside if the stock price drops significantly
- Need for active management and adjustments
- Higher risk compared to spreads
Trade idea
COIN put selling
The speaker suggests selling the July 130 puts on COIN, as the stock is near its 52-week low and the put premium is attractive. The trade is based on the expectation that the stock will remain near the low, allowing the seller to profit from the premium. The speaker notes that the put premium has increased due to higher volatility, making the trade more attractive.
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Strategyput selling
Assetstock
ExpirationJuly
Time horizonShort-term, with a focus on the July expiration
Entry / triggerStock price near the 52-week low
Target / exitPotential profit from the put premium
Invalidation / stopIf the stock price rises significantly above the strike price
SpeakerUnknown
Risks- If the stock price rises significantly above the strike price, the put seller may incur a loss.
- Market volatility could lead to unexpected price movements.
Trade idea
COINBASE ratio spread
The speaker suggests selling the July 13 puts at 70 for Coinbase as a trade idea. The trade is based on the assumption that the market is overbought and the potential reward is equal to the potential risk. The trade is considered a balanced play due to the equal risk and reward. The speaker also mentions that the trade is still doable and that the market is expected to move in the expected direction.
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Strategyratio spread
Assetequity
ExpirationJuly 13
Time horizonShort-term
Entry / triggerMarket is overbought
Target / exitMarket moves down to 70
Invalidation / stopMarket moves up or the trade is closed
SpeakerThe speaker
Risks- Market moves up
- Market moves in the opposite direction
- The trade is not suitable for long-term holding
Trade idea
INFQ bullish
The speaker is still bullish on INFQ and expects it to perform well.
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Strategybullish
Assetstock
Entry / triggermarket open
Target / exithigher
SpeakerTom Sosnoff
Trade idea
NFLX Put selling
The speaker sold put options on Netflix (NFLX) with a strike price around 90, expecting the price to remain above that level. The rationale is based on the belief that the stock is overpriced and that the recent earnings report, while positive, may not justify the current price. The trade idea is to profit from a potential decline in the stock price, with the put options acting as a hedge against downward movement.
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StrategyPut selling
AssetEquity
ExpirationJune
Time horizonShort-term
Entry / triggerPrice above 93.5
Target / exitPrice below 90
Invalidation / stopPrice above 95
SpeakerSol
Risks- Market volatility
- Unexpected earnings report
- Liquidity issues
Trade idea
CAR call spread
The speaker is long a call spread on CAR (Avis), and the stock has been moving higher. The speaker re-centered their position after the stock's upward movement, indicating a strategy to adjust the trade based on market conditions. The trade idea involves managing a long call spread in a rising market, with the goal of re-centering the position to capture potential gains while managing risk.
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Strategycall spread
Assetequity
Time horizonshort-term
Entry / triggerstock price movement upwards
Target / exitre-centered position after stock movement
Invalidation / stopif stock price does not move upwards
SpeakerTom
Risks- Market reversal
- Volatility
- Inadequate position sizing
Trade idea
CAR Rolling both sides up to take profit
The speaker discusses a long call spread on CAR, which has experienced a significant upward move. The strategy involves rolling both sides up to take profit, as the stock's movement is unpredictable. The speaker suggests taking profits at a specific level and moving on, emphasizing the importance of defined profitability and limited risk. The trade is based on the assumption that the stock will continue to move higher, but the speaker also acknowledges that the stock may eventually revert to a more reasonable price range.
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StrategyRolling both sides up to take profit
AssetEquity
Time horizonShort-term
Entry / triggerStock is moving higher with a defined risk position
Target / exitTake profits at a predetermined level
Invalidation / stopIf the stock reverses or volatility increases significantly
SpeakerArthur
Risks- Volatility can reduce profitability
- Market reversal may lead to losses
Trade idea
IBM range trading
The speaker is considering shorting IBM as it approaches the lower end of its range. The reasoning is that the market could rebound, but the speaker is cautious and is only nibbling on small positions. The trade idea is based on the assumption that the price will not break below the lower end of the range, making it a short-term range trading opportunity.
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Strategyrange trading
Assetequity
Time horizonshort-term
Entry / triggerprice approaching the lower end of the range
Target / exitprice rebounding to the upper end of the range
Invalidation / stopprice breaking below the lower end of the range
SpeakerRyan
Risks- price breaking below the lower end of the range
- unexpected market volatility
Trade idea
SPY put spread
When executing a put spread, the focus should be on the delta of the spread rather than the individual legs. The net delta of the spread is what determines the strategic combination of deltas. The amount of credit received is a key factor in determining the trade's profitability. This approach allows traders to focus on the overall risk and reward profile of the spread rather than individual strike prices.
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Strategyput spread
Assetequity
Time horizonNot explicitly stated, but the trade is based on the delta of the spread and the amount of credit received.
Entry / triggerWhen the delta of the spread is calculated and the net delta is considered for the trade.
Target / exitNot explicitly stated, but the trade is based on the delta of the spread and the amount of credit received.
Invalidation / stopNot explicitly stated, but the trade is considered invalid if the delta of the spread is not properly calculated.
SpeakerUnknown
Risks- Market volatility
- Incorrect delta calculation
- Liquidity issues
Trade idea
Nvidia Sell Puts
The speaker suggests selling puts on Nvidia as a strategy to collect premium while potentially buying the stock at a lower price. They argue that buying calls is not ideal for Nvidia due to the lack of a clear target and the risk of wasting premium. Instead, selling puts allows the trader to benefit from the premium and potentially own the stock at a discounted price if the stock is below the strike price at expiration. The speaker also notes that the stock is currently at the low end of its range, making it a potential candidate for a short-term trade.
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StrategySell Puts
AssetEquity
Time horizonShort-term to medium-term
Entry / triggerIf the market is expected to remain stable and the stock is within a range
Target / exitTo collect premium while potentially buying the stock at a lower price
Invalidation / stopIf the stock breaks below the put strike price
SpeakerThe speaker
Risks- The stock could fall below the put strike price, resulting in a loss
- Market volatility could impact the stock price
- The trader may be forced to buy the stock at a higher price than expected
Trade idea
MU sell puts
The speaker suggests selling puts on MU, indicating a bearish outlook. The trade is framed as a way to capitalize on potential market declines, with the speaker expressing a desire to 'miss the top' and 'sell the top.' The trade is described as not being the speaker's worst trade, suggesting a level of confidence in the strategy despite past losses.
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Strategysell puts
Assetequity
Time horizonNot explicitly stated
Entry / triggerMarket is in a summer phase
Target / exitNot explicitly stated
Invalidation / stopNot explicitly stated
SpeakerTom
Risks- Market could move against the short position
- Volatility could increase, leading to higher risk
Trade idea
Baba selling puts
The speaker is short puts on Alibaba (Baba) and Baidu, believing that the stocks may rebound from their current undervalued state. The strategy involves selling puts to collect premium, with the potential to own the stock if the price drops below the strike price. The speaker acknowledges the risk of the stock continuing to decline and the need for a long-term commitment.
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Strategyselling puts
Assetstock
Time horizonshort-term
Entry / triggerwhen the stock is undervalued
Target / exitthe strike price of the put
Invalidation / stopif the stock price rises above the strike price
SpeakerTony Battista
Risks- The stock could continue to decline, resulting in a loss if the put is exercised. The speaker also notes that being locked into a long position can be risky if the market turns against the position.
Trade idea
NVDA synthetic strangle
The synthetic strangle is a strategy that allows the trader to collect premium while limiting risk. The trader is bullish on Nvidia and believes that the stock will rally, which would make the put side of the trade profitable. The call spread is expected to be worth around $7 if the stock rallies to $200-$215. The trader is willing to take a risk to the downside if the stock moves significantly against the position.
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Strategysynthetic strangle
Assetequity
ExpirationAugust
Time horizonShort-term
Entry / triggerNvidia is trading around $194
Target / exitCollecting $3.40 to $15 bucks or more
Invalidation / stopIf the put side of the trade is not trading for a buck or two, the trade may not be profitable
SpeakerBat
Structure / legs- Sell 20/15 call spread
- Sell August put
Risks- Risk to the downside if the stock moves significantly against the position
- Risk of the put side of the trade not being profitable
- Risk of the call spread not being worth the expected amount
Trade idea
ServiceNow put spread
The speaker suggests adjusting the put spread to collect a credit above $5 while keeping the position neutral to bullish. The trade is based on the idea that the stock may not move significantly in either direction, allowing the trader to profit from the premium collected. The speaker also mentions that the trade is equivalent to holding 20 shares of the stock.
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Strategyput spread
Assetstock
ExpirationJuly
Time horizonshort-term
Entry / triggerstock price at $91
Target / exitcredit above $5
Invalidation / stopif the stock price moves significantly against the position
SpeakerPhil
Structure / legs- buy puts at 89 or 90
- sell puts at 92 or 93
Risks- The stock could move against the position, resulting in a loss
- The credit collected may not be sufficient to offset potential losses
Trade idea
ServiceNow meme stock trade
The speaker is considering a long position in ServiceNow, a meme stock, with the intention of profiting from potential price increases. The trade is based on the idea that the stock has become a meme stock due to social media activity, and the speaker is willing to take on the risk associated with such a trade. The speaker acknowledges the risks involved, including the potential for significant losses if the stock does not perform as expected.
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Strategymeme stock trade
Assetstock
ExpirationJuly
Time horizon23 days
Entry / triggerStock price at $8
Target / exitUncertain, depends on market movement
Invalidation / stopUncertain, depends on market movement
SpeakerTom
Risks- High volatility
- Potential for significant losses
- Uncertainty in market movement
Trade idea
MU delta neutralization
The speaker discusses using futures for delta neutralization, specifically mentioning the use of stock for hedging in the case of MU. The strategy involves using futures to hedge against market movements, with a preference for micro futures due to their smaller size and ease of trading. The speaker also mentions the use of ES or NQ futures for hedging delta, indicating a preference for these instruments over stocks for broader market exposure.
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Strategydelta neutralization
Assetstock
Time horizonNot explicitly stated
Entry / triggerIf the market moves against the position
Target / exitNot explicitly stated
Invalidation / stopNot explicitly stated
SpeakerJeff
Risks- Market volatility
- Liquidity issues with specific stocks or futures
- Inability to hedge effectively if the market moves rapidly
Trade idea
SAN Strangle
The speaker is selling strangles on SanDisk (SAN) with a short-term horizon. The strategy involves selling both a put and a call option, with the put having a strike price of $6 or $7 and the call having a strike price of $20. The target is for the price to drop to the put strike price, while the invalidation is if the price rises above the call strike price. The speaker is confident in the short-term volatility of the stock, expecting a price drop.
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StrategyStrangle
AssetEquity
ExpirationN/A
Time horizonShort-term
Entry / triggerMarket price above strike price
Target / exitPrice drops to $6 or $7
Invalidation / stopPrice rises above $20
SpeakerUnknown
Risks- Price rises above $20
- Volatility decreases
- Market conditions change
Trade idea
MSTR short-term
The speaker expresses strong skepticism about MicroStrategy (MSTR) and suggests it is a 'death trade' due to its single point of failure and poor performance. The speaker believes the stock is likely to go bankrupt or continue declining, and that no one has made money from it since its peak. The speaker's thesis is based on historical performance and the perceived risks associated with the company's business model.
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Strategyshort-term
Assetstock
Time horizonshort-term
Entry / triggerMSTR below 90
Target / exitpotential bankruptcy or significant decline
Invalidation / stopif MSTR recovers significantly
SpeakerUnknown
Risks- Market volatility
- Company-specific risks
- Potential for further decline
Trade idea
MSTR put options
The speaker proposes selling MSTR August 21 puts at $1.50, indicating a short position on the stock. The rationale is based on the current market conditions and the speaker's belief that the stock is overvalued. The trade idea is supported by the speaker's direct statement to sell the puts immediately.
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Strategyput options
Assetequity
ExpirationAugust 21
Time horizonimmediate
Entry / triggerAugust 21 puts are at $1.50
Target / exitsell at $1.50
Invalidation / stopMarket conditions or price movement beyond the strike price
SpeakerTom Sosnoff
Structure / legs- August 21, 45 puts at $1.50
Risks- Market volatility
- Incorrect assessment of stock value
- Liquidity issues in options market
Trade idea
Trade idea sell a call spread
the more things you do, the more you figure out what you like
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Strategysell a call spread
Assetstock
Time horizon3 months
Entry / triggeron two different stocks
Target / exitsmall trade often
Invalidation / stopif the trade doesn't work within 3 months
SpeakerTom Sausnoff
Trade idea
coreweave puts
high volatility and potential for large gains
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Strategyputs
Assetstock
Time horizonshort-term
Entry / triggerstock trading at 55, implied volatility 107
Target / exit235-250
Invalidation / stopstock price movement
Speakerspeaker
Risks- stock price movement
- implied volatility changes
Trade idea
NFLX put selling
The speaker suggests that during earnings cycles with low volatility, selling puts on stocks like Netflix (NFLX) can be a profitable strategy. The implied moves are expected to be around 6-7%, and the puts are relatively cheap due to the low volatility environment. The speaker emphasizes that the key is to trade outside the expected move, as trading inside the expected move is less profitable. The risk is increased if there is a market shock, as the risk is not adequately priced into the options.
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Strategyput selling
Assetequity
Expirationunknown
Time horizonEarnings event
Entry / triggerEarnings cycle with low baseline volatility
Target / exitImplied move of 6-7%
Invalidation / stopMarket shock or significant move beyond expected range
SpeakerUnknown
Risks- Market shock
- Significant move beyond expected range
- Low volatility environment may not persist
Trade idea
NFLX short strangle
The speaker suggests adjusting a short strangle position to be outside or at the expected move to increase the statistical chance of success. They emphasize that if the position would not be opened today with the current information, it should be adjusted or covered. The strategy involves re-centering the strikes around the expected move, either by moving them outside or at the expected move, and skewing the position slightly for delta exposure.
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Strategyshort strangle
Assetequity
ExpirationMay
Time horizonshort-term (earnings season)
Entry / triggerbefore earnings announcement
Target / exittwo times the expected move
Invalidation / stopif the stock moves within the expected move range
Speakerunknown
Risks- Volatility spikes
- Unexpected earnings results
- Market gaps
Trade idea
AAPL straddle
If you're going to trade the one-day option, that's completely different. If you have an open position on, it's going to be in May. So, you go to at least the expected move. I like to go to two times the expected move or one and a half times at a minimum. Knowing that earnings are on the horizon, would you back away from opening a new trade in that particular underlying prior to earnings? If you're going to put a trade on now and Apple is 2 weeks from today, you know, so you're going to look at 43 days, you know, you can go out to the 43 day, put your trade on, and then come 2 weeks from today, the day before earnings, as you said, modify as need be. So, if the stock has, you know, if the position's come in, you might consider taking it off and putting on something else. You know, if you like the position, from my perspective, it'd be the same thing. Move it to adjust it so that you're at whatever the, you know, the strikes from a standard deviation standpoint you want.
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Strategystraddle
Assetequity
Expiration2 weeks from earnings
Time horizon2 weeks
Entry / trigger2 weeks before earnings
Target / exit2 times the expected move
Invalidation / stopAdjust as needed before earnings
SpeakerUnknown
Risks- Volatility may increase before earnings
- Need to adjust position as earnings approach
Trade idea
NFLX sell puts
The speaker suggests selling puts on Netflix (NFLX) as a strategy for the earnings cycle, given the improved liquidity and market conditions. The rationale is that the probability of profit remains consistent, but the potential reward is higher in high volatility. The speaker also mentions adjusting position sizes based on volatility levels and avoiding vertical spreads due to the lack of liquidity in the past.
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Strategysell puts
Assetequity
Expirationearnings date
Time horizonshort-term
Entry / triggerif the stock is bullish
Target / exitprofit from the premium
Invalidation / stopif the stock moves below the put strike price
SpeakerScott
Risks- significant loss if the stock moves against the position
- limited liquidity in certain strike prices
Trade idea
SMH call spread
The speaker suggests selling a call spread on SMH, which has shown hyperbolic price movements. The expected move is significantly higher than the current price, and the options have a high IVR. The trade offers a substantial pop with a favorable risk-reward ratio, making it an attractive opportunity for shorting a hyperbolic asset.
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Strategycall spread
Assetstock
ExpirationJuly
Time horizonShort-term
Entry / triggerStock has been hyperbolic and is trading above the expected move
Target / exitUpwards of $30, possibly closer to $35
Invalidation / stopIf the stock moves significantly against the trade
SpeakerUnknown
Structure / legs- July 725 call
- July 730 call
Risks- Large potential losses if the stock moves against the trade
- Illiquidity of options
- Inaccurate prediction of price movement
Trade idea
SOXS Covered Call
The speaker suggests buying SOXS and selling July 7 calls, citing the stock's potential for a 40% move. The trade is considered favorable due to the asymmetric risk-reward profile, with the upside potential being significantly greater than the downside risk. The speaker also notes that the stock's price is currently at $4.95, and the calls are at $430, indicating a potential for profit if the stock moves upward.
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StrategyCovered Call
AssetEquity
ExpirationJuly
Time horizonUntil July
Entry / triggerStock price at $4.95
Target / exitStock price reaches $7
Invalidation / stopStock price drops below $3
SpeakerScott
Structure / legs- Buy the stock
- Sell July 7 calls
Risks- The stock could drop below $3, resulting in a loss
- The calls could expire worthless if the stock does not move upward
- Leveraged ETFs can degrade over time, affecting the trade's performance
Trade idea
AP covered call
If the stock is near its all-time high and the call option is getting 'destroyed,' the covered call position is still a winner, but the profit potential is capped. The recommended action is to close the covered call and sell an out-of-the-money put to maintain a long delta position with higher capital efficiency and a better probability of profit. This approach allows the trader to stay long the stock while managing risk.
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Strategycovered call
Assetstock
Time horizonshort-term
Entry / triggerstock near all-time high and call option getting 'destroyed'
Target / exithigher capital efficiency and better probability of profit
Invalidation / stopif the stock continues to rise beyond the put strike price
SpeakerCher
Structure / legs- sell out-of-the-money put
Risks- The put option may not be as profitable as the original call if the stock continues to rise
- The trader may need to close the existing position and enter a new one
Trade idea
Uber strangle
The speaker suggests selling a strangle on Uber despite its low price, citing its non-AI status and decent implied volatility. The strategy involves skewing the strangle slightly to account for upside risk, with the rationale that the stock's current position near its lows makes it a viable candidate for a short strangle. The thesis is based on the assumption that the stock's low price and volatility provide a favorable risk-reward profile.
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Strategystrangle
Assetequity
Time horizonshort-term
Entry / triggerstock trading near its lows with decent implied volatility
Invalidation / stopif the stock breaks out significantly upward
Speakerunknown
Risks- Potential for significant upside movement
- Volatility may not materialize as expected
- Market news could disrupt the trade
Trade idea
SPACEX index_inclusion
The speaker suggests that SpaceX should be included in the NASDAQ 100 index, with a 60% probability of inclusion. The rationale is based on the company's growth and market performance. The trade idea involves monitoring the index composition and considering the inclusion as a positive market signal. The risk is that the index may not include SpaceX, which would invalidate the trade idea.
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Strategyindex_inclusion
Assetequity
Time horizonImmediate
Entry / triggerIf SpaceX is added to the NASDAQ 100 index
Target / exitPotential inclusion in the index
Invalidation / stopIf the index does not include SpaceX
SpeakerUnknown
Risks- Index inclusion is not guaranteed
- Market conditions may change
Trade idea
SPACEX buy 105 puts five times, sell 95 puts 12 times
The speaker proposes a put ratio spread in SpaceX, assuming a flat opening. The strategy involves buying 105 puts five times and selling 95 puts 12 times for a 445 credit. The speaker acknowledges that it may be challenging to execute this trade today, as the market conditions may affect the execution.
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Strategybuy 105 puts five times, sell 95 puts 12 times
Assetequity
Expirationnot specified
Time horizonnot specified
Entry / triggerflat opening
Target / exit445 credit
Invalidation / stopnot specified
SpeakerTom Sausnoff
Structure / legs- buy 105 puts five times
- sell 95 puts 12 times
Risks- Market volatility could impact the effectiveness of the spread.
- The strategy assumes a flat opening, which may not materialize.
- The credit received may not be as expected due to market conditions.
Trade idea
SPCE credit spread
The speaker suggests a credit spread strategy for SpaceX (SPCE) based on its high expected move of $37. The trade involves buying 105 puts 5 times and selling 95 puts 12 times, resulting in a credit of $425-$430. The expected move is expected to take the stock down to $127, with a break-even point at $90. The trade is considered a short premium trade, and the speaker is cautious about the stock crashing. The trade is not long-term and is executed with a small position size.
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Strategycredit spread
Assetstock
ExpirationAugust 21st
Time horizonShort-term
Entry / triggerStock trading at 164
Target / exitCredit of $425-$430
Invalidation / stopStock crashing
SpeakerUnknown
Structure / legs- Buy 105 puts 5 times
- Sell 95 puts 12 times
Risks- Stock crashing
- The credit collected is dependent on the stock's movement
- The trade is not long-term
Trade idea
AAL buying a stock that was removed from an index
The speaker discusses buying American Airlines (AAL) when it was removed from the S&P 500. They bought 100,000 shares at $130, and the stock rallied to $8. The idea is that stocks removed from an index may experience a price increase due to reduced tracking or market sentiment. However, the speaker also notes that some stocks removed from an index may not perform well and could go bankrupt.
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Strategybuying a stock that was removed from an index
Assetequity
Time horizonshort-term
Entry / triggerstock is removed from an index
Target / exitprice increase following removal
Invalidation / stopprice decline or failure to rally
Speakerunknown
Risks- Price decline
- Market volatility
- Failure to rally
Trade idea
SPACEX ratio spread
The speaker suggests that the short premium side of the market, particularly with stocks like SpaceX, can be a profitable strategy. The ratio spread is recommended as a trade idea, especially when there is an expected move in the stock. The speaker notes that the expected move for SpaceX increased slightly from 37 to 38, indicating a potential for a short premium trade. However, the trade should be executed with caution, as the market's reaction to index inclusion is unpredictable and can vary significantly.
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Strategyratio spread
Assetequity
Time horizonshort-term
Entry / triggerwhen the stock is added to an index
Target / exitbased on expected move
Invalidation / stopif the stock does not show a clear move
SpeakerUnknown
Risks- Market manipulation risks
- Unpredictable market reactions
- Liquidity issues
Trade idea
spy selling puts
Selling puts on SPY is a capital-efficient strategy that has historically performed well, especially in markets where downside risk is more likely. This strategy is preferred over skewed strangles due to its simplicity and effectiveness in capturing premium while maintaining delta neutrality. The key is to ensure the market does not drift significantly upward, which could erode the profitability of the trade.
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Strategyselling puts
Assetequity
Time horizonShort-term to medium-term
Entry / triggerMarket conditions favoring downside risk
Target / exitPremium collected from put sales
Invalidation / stopSignificant upward movement or market volatility
SpeakerMaria from the dog pound
Risks- Market volatility
- Significant upward movement
- Liquidity issues
Trade idea
IN FQ Buy and hold
The speaker expresses interest in quantum-related stocks and has purchased IN FQ, a Chicago-based company associated with the Board of Trade. They aim to own quantum stocks to learn more about the industry and potentially benefit from its growth. The trade idea is to hold the stock to gain exposure to the quantum sector and learn about its developments.
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StrategyBuy and hold
AssetEquity
Time horizonNot specified
Entry / triggerPurchase of IN FQ stock
Target / exitNot specified
Invalidation / stopNot specified
SpeakerTom
Risks- Early-stage industry with high volatility
- Potential for significant losses if the stock underperforms
Trade idea
SOXS Covered Call
The speaker suggests buying SOXS at $575-580 and selling a July 10 call option for a risk-reward trade. The strategy is designed to profit from a potential decline in the stock price, with a maximum gain of $5 if the stock falls below $640. The trade is considered a 'cheap shot' to the downside, leveraging the inverse ETF nature of SOXS.
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StrategyCovered Call
AssetEquity
ExpirationJuly
Time horizonShort-term
Entry / triggerStock price around $575-580
Target / exitStock price below $640
Invalidation / stopStock price above $640
SpeakerSpeaker
Risks- Limited upside potential if the stock rises above the strike price
- Market volatility could impact the stock price
- Execution risk if the trade is not filled
Trade idea
MRVL bullish vertical spread
The speaker suggests a bullish vertical spread for Marvell (MRVL) ahead of its earnings report. The strategy involves buying the 250 calls, selling two of the 260s, and buying one of the 280s. The speaker estimates the cost to be around a dollar 20 credit, with a 90% probability of profit. The expected move is $36, and the trade is considered outside the expected range. The speaker also notes that if the earnings are blowout, the 260 strike price could be a target.
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Strategybullish vertical spread
Assetstock
ExpirationJuly
Time horizonshort-term
Entry / triggerbefore earnings report
Target / exit260 strike price if earnings are blowout
Invalidation / stopif the stock is down or unchanged
Speakerunknown
Structure / legs- buy 250 calls
- sell two 260 calls
- buy one 280 calls
Risks- The trade is outside the expected move
- The speaker estimates the cost and probability of profit
- The trade is for July, which is before the earnings report
Trade idea
SPACEX shorting on the second day of trading
The speaker suggests that SpaceX stock will be available for shorting on the second day of its IPO, as there will be no stock available on the first day. The speaker also mentions that the stock is expected to be liquid and that options will be available within a day or two. The speaker advises caution due to the volatility of the stock and the lack of liquidity on the first day.
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Strategyshorting on the second day of trading
Assetequity
Time horizonshort-term
Entry / triggershort on the second day of trading
Target / exitnot specified
Invalidation / stopnot specified
SpeakerScott Sheridan
Risks- Volatility
- Lack of liquidity on the first day
- Uncertainty in the stock's price range
Trade idea
Trade idea covered call
maximize profit with minimal action
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Strategycovered call
Assetstock
Time horizonshort-term
Entry / triggerstock closes over 220 and profit is maximized
Target / exitmoney in account by next week
Invalidation / stopstock closes below 220
SpeakerTony
Risks- stock price drops below 220
Trade idea
Walmart Covered Call
A covered call can be synthetically replicated by selling a put with the same strike price.
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StrategyCovered Call
AssetEquity
Time horizonShort-term
Entry / triggerWhen the stock price is expected to have a limited upward move.
Target / exitLock in a loss if the stock price drops significantly.
Invalidation / stopIf the stock price moves significantly against the position.
SpeakerUnknown
Risks- Capital exposure if the stock price moves significantly against the position
Trade idea
Trade idea jade lizard
reduces risk on naked put
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Strategyjade lizard
Assetstock
Entry / triggerstock trading at $500
Target / exitcollect credit to the upside
Invalidation / stopbreak even under $430
Speakerunknown
Structure / legs- sell 510-520 call spread
- sell SE 430 put
Trade idea
Trade idea vertical_spread
For traders with limited capital, vertical spreads (either credit or debit) are recommended as they allow for directional bets with lower margin requirements and reduced risk. These strategies are more suitable for beginners or those with smaller accounts, as they focus on one side of the market and provide a clearer risk-reward profile compared to complex strategies like iron condors. The key is to select liquid instruments to ensure ease of execution and better risk management.
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Strategyvertical_spread
Assetequity
Time horizonShort-term to medium-term
Entry / triggerMarket direction identified and confirmed
Target / exitProfit from directional movement within the spread
Invalidation / stopLoss if market moves against the directional bet
SpeakerCharlie
Risks- Market moves against the directional bet
- Liquidity issues in the chosen instruments
- Limited profit potential compared to more complex strategies
Trade idea
NVIDIA Strangle
The speaker sold out-of-the-money puts on NVIDIA at the 75 level expiring tomorrow and executed a one-for-two call ratio spread by buying the 205 and selling the 210s. The trade was successful as the puts were bought back for 10 cents and the call spread yielded about 15 cents. The strategy relies on the price remaining within the expected range, and the speaker noted that the trade worked out despite the overall market conditions.
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StrategyStrangle
AssetEquity
ExpirationTomorrow
Time horizonShort-term (within a day)
Entry / triggerPrice opens down $2
Target / exit15 cents profit from the call spread
Invalidation / stopIf the price moves beyond the expected range
SpeakerSpeaker
Structure / legs- Sell out-of-the-money puts at the 75 level expiring tomorrow
- Buy a one-for-two call ratio spread with the 205 sold and 210s bought
Risks- Price moves beyond the expected range
- Volatility changes
- Market conditions affecting the trade
Trade idea
NVIDIA sell earnings
The speaker proposed selling NVIDIA futures ahead of the earnings announcement, anticipating a negative market reaction. The trade was executed as a short position on futures, with the expectation that the earnings would lead to a decline in the stock price. The speaker noted that the trade was not successful, indicating that the market reaction did not align with the initial thesis.
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Strategysell earnings
Assetequity
Time horizonshort-term
Entry / triggerNVIDIA earnings announcement
Invalidation / stopmarket reaction to earnings
SpeakerUnknown
Risks- Market volatility around earnings announcements
- Incorrect earnings guidance leading to adverse price movement
- Liquidity issues in futures markets
Trade idea
NVIDIA shorting a stock that has experienced a significant drop
The speaker suggests shorting NVIDIA after a significant drop, indicating a belief that the stock may continue to decline. The rationale is based on the idea that the stock has already dropped significantly and that the market may continue to punish it, especially if there are underlying issues such as earnings disappointments or broader market sentiment. The speaker also mentions that the stock is down $10, which is seen as a potential opportunity to short it further.
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Strategyshorting a stock that has experienced a significant drop
Assetstock
Time horizonshort-term
Entry / triggerstock price down by $10
Target / exitprice drops to $30
Invalidation / stopprice rises above $40
SpeakerUnknown
Risks- Market reversal
- Liquidity issues
- Unexpected earnings reports
Trade idea
AAPL Earnings trade
The speaker is considering selling puts against Apple's earnings, leaning towards selling the 57.5 puts with one day to expiration. The rationale is that the VIX is high, and selling premium early in the day is not ideal. The trade is expected to benefit from a potential rally, but the speaker is cautious due to the volatility and the need to avoid market shocks.
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StrategyEarnings trade
AssetEquity
ExpirationEnd of day
Time horizonShort-term
Entry / triggerEarnings announcement
Target / exitUncertain, depends on market reaction
Invalidation / stopMarket moves against the trade
SpeakerSpeaker
Risks- Market volatility
- Unexpected earnings results
- Liquidity issues
Trade idea
GOOG naked short put with a call spread kicker
contrarian trade
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Strategynaked short put with a call spread kicker
Assetequity
ExpirationAugust
Time horizonshort-term
Entry / triggerpost earnings
Target / exitaround $5
Invalidation / stopvolatility normalization
SpeakerTony Batista
Structure / legs- August 300 put
- 335-340 call spread
Risks- volatility normalization
- price movement beyond expected range
Trade idea
Service Now Long Call Diagonal Spread
The trade is considered bullish with a focus on upside potential.
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StrategyLong Call Diagonal Spread
AssetEquity
ExpirationAUG
Time horizonShort-term
Entry / triggerStock is higher by $160
Target / exitUpside play
Invalidation / stopIf the stock is oversold and the puts are not bid
SpeakerKathy Woods
Risks- Market volatility
- Underperformance of the stock
Trade idea
Trade idea sell puts
Sell volatility in a large-cap company with high volatility
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Strategysell puts
Assetequity
Entry / triggerSell puts at 10, 105 volatility, 110 volatility
SpeakerKathy Woods
Trade idea
META strangle
The speaker suggests selling a strangle on Meta (META) with a strike range of 500 puts and 950 calls, based on an IVR of 113 and an expected move of $95. The trade is considered high-risk due to the high IVR and the potential for significant price movement. The speaker acknowledges the trade's volatility and suggests adjusting the strikes slightly and considering an iron condor if the trade is not desired. The trade is presented as a non-directional play, relying on the volatility and expected price movement.
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Strategystrangle
Assetstock
ExpirationAugust
Time horizonShort-term, with adjustment after the show
Entry / triggerIVR of 113 and expected move of $95
Target / exitProfit from the strangle at $6.10
Invalidation / stopIf IVR drops significantly or the stock moves outside the expected range
SpeakerTom
Risks- High IVR and volatility
- Potential for significant price movement
- Risk of assignment if the stock moves below the strike price
Trade idea
Microsoft broken wing butterfly
A broken wing butterfly is proposed for Microsoft, with the long legs at 345 and 315 strikes, and the short leg at 335. The trade is expected to profit from a limited downside move, with a small credit of 30-35 cents. The strategy is designed to capitalize on a potential 90% pop and 100% IVR, with low risk and low reward. The trade is suitable for a short-term horizon, with the expectation that the market will move within a narrow range.
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Strategybroken wing butterfly
Assetstock
ExpirationAugust
Time horizonshort-term
Entry / triggerMicrosoft trading at 385
Target / exit42
Invalidation / stop345
SpeakerScott
Structure / legs- 345 strike
- 335 strike
- 315 strike
Risks- limited upside potential
- risk of market movement beyond expected range
Trade idea
NFLX credit spread
Netflix (NFLX) is a liquid stock with a history of significant price movements around earnings. Credit spreads can be used to collect premium before earnings, but the risk is that the price may move beyond the expected range, invalidating the trade. The strategy is suitable for a small account due to the limited capital required for the spread.
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Strategycredit spread
Assetequity
Expirationearnings date
Time horizonshort-term
Entry / triggerbefore earnings announcement
Target / exitpremium collected
Invalidation / stopsignificant price movement beyond expected range
SpeakerSteve
Risks- Significant price movement beyond expected range
- Volatility may affect the effectiveness of the spread
- Liquidity issues if the stock is not liquid
Trade idea
Lucid directional play
The speaker mentions buying Lucid at $6.07 as a directional play, indicating a belief in the stock's potential for upward movement. The trade is executed with the expectation that the stock will move in the anticipated direction, leveraging the clean delta and commission-free nature of stock trading. The trade is not explicitly timed or structured with options, focusing on the stock's price movement directly.
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Strategydirectional play
Assetstock
Time horizonshort-term
Entry / triggerwhen there's a perceived move in the stock price
Target / exitnot explicitly stated
Invalidation / stopnot explicitly stated
Speakerspeaker
Risks- capital inefficiency
- market volatility
- execution risk
Trade idea
MU short position
The speaker and another individual have a short position on Micron (MU) and are discussing the probability of MU trading at $600 by the end of June. The speaker notes that statistically, the probability is likely zero, but they are using the platform to explore the prediction. This indicates a speculative short position based on the belief that the price will not reach $600 by the specified time.
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Strategyshort position
Assetequity
Expirationend of June
Time horizonmonth and a half
Entry / triggercurrent price
Target / exit600
Invalidation / stopnot specified
Speakerspeaker
Risks- The price could rise above $600, leading to potential losses
- The prediction platform's accuracy is not guaranteed
Trade idea
SPY trailing stop-loss
Closing winning trades at 50% or 21 days to expiration is optimal for maximizing profit and minimizing risk, as supported by extensive research and backtesting. This approach aligns with probabilistic and optimization models that suggest these thresholds provide the best risk-adjusted returns. The trade should be executed with a clear entry point and a defined exit strategy based on these thresholds.
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Strategytrailing stop-loss
Assetequity
Time horizonshort-term
Entry / triggerentry at a defined level based on technical analysis
Target / exit50% profit or 21 days to expiration
Invalidation / stoploss exceeding 50% or market conditions deteriorating
Speakertrader
Risks- Market volatility may affect the optimal closure timing
- Unexpected news or events could disrupt the trade's performance
Trade idea
NKE Put
The speaker is selling June 40 puts in Nike (NKE) as a trade idea. The stock is near its support level, and the speaker believes it will rebound. The put is priced at $1.12, with a 70% probability of success and an expected move of $3. The trade is based on the idea that the stock is on its butt and is likely to rebound.
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StrategyPut
AssetEquity
ExpirationJune
Time horizonShort-term
Entry / triggerStock price near support level
Target / exitPotential upside if stock rebounds
Invalidation / stopLoss if stock continues to decline below support level
SpeakerScott
Risks- Potential for large losses if the stock continues to decline
- Market volatility could affect the outcome
Trade idea
NKE put selling
The speaker suggests that the Nike trade is a cheap put to sell, but it requires a down tick in the stock. They also mention that the Vix not up-ticking could be a signal to pause short-side actions. This trade idea is based on the current market conditions and the speaker's analysis of the Vix and Nasdaq movements.
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Strategyput selling
Assetequity
Time horizonshort-term
Entry / triggerdown tick in the stock
Invalidation / stopif the Vix doesn't up-tick at all
SpeakerSpeaker
Risks- Market volatility
- Failure to execute the down tick
- Potential for increased market downturn
Trade idea
Spoos short-term trading
The speaker believes that if Spoos continue to sell and bonds break, the Vix will rally. The speaker is suggesting that if Spoos continue to go lower, the Vix is going to rally. The speaker is indicating that the market is currently in a state of uncertainty, and that the Vix is a good indicator of market sentiment. The speaker is also suggesting that the market is currently in a state of consolidation, and that the Vix is a good indicator of market sentiment.
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Strategyshort-term trading
Assetequity
Time horizonshort-term
Entry / triggerIf Spoos continue to sell and bonds break
Target / exitClose down 100
Invalidation / stopIf Spoos close down 30
SpeakerUnknown
Risks- Market volatility
- Unexpected news events
- Liquidity issues
Trade idea
ORCL short straddle
The speaker sold the 280 puts and 275 puts in Oracle, indicating a short straddle strategy. This suggests a belief in low volatility, as the strategy profits from a range-bound market. The speaker's action implies a short-term trade with a focus on market volatility, but the exact entry, target, and invalidation levels are not specified.
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Strategyshort straddle
Assetequity
Expirationunknown
Time horizonunknown
Entry / triggermarket volatility
Target / exitunknown
Invalidation / stopunknown
Speakerunknown
Risks- volatility increase
- market movement beyond expected range
Trade idea
Microsoft put ratio spread
The speaker discusses a put ratio spread on Microsoft, which involves buying one put and selling two puts at a higher strike price. This strategy is used to profit from a decline in the stock price while limiting risk. The speaker mentions that this trade is part of a broader set of strategies, including a diagonal spread on Nvidia and a broken wing butterfly on the S&P. The put ratio spread is considered a 50/50 shot, with the potential for profit from the premium collected on the sold puts.
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Strategyput ratio spread
Assetstock
ExpirationJuly
Time horizonshort-term
Entry / triggermarket down
Target / exitprofit from premium
Invalidation / stoploss if market moves against the position
SpeakerTom
Risks- loss if the stock price rises
- limited profit potential
- time decay can reduce profitability
Trade idea
SPACEX range trading
The speaker suggests that SpaceX stock may test or fall below its IPO price of 135, indicating potential short-term volatility. The trade idea is based on the expectation of downward pressure due to market conditions and the stock's recent performance. The speaker advises caution after any potential decline, suggesting a short-term range trading strategy.
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Strategyrange trading
Assetequity
Time horizonshort-term
Entry / triggerPrice testing or breaking below the IPO price of 135
Target / exit135
Invalidation / stopPrice rising above 165 or significant positive news
SpeakerMr. Sheridan
Risks- Market volatility
- Unexpected positive news
- Liquidity issues
Trade idea
Microsoft covered call
The speaker suggests that for a Microsoft position already held, selling a covered call at the money is preferable if the trader is bullish and wants to keep the stock. If the trader is less bullish but still wants to hold the stock, selling a covered call out of the money is recommended. The reasoning is that at-the-money calls provide more premium, while out-of-the-money calls offer more room for the stock to move upward.
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Strategycovered call
Assetstock
Time horizonshort-term
Entry / triggerMicrosoft stock position already held
Target / exitmaximize premium or give room for upside
Invalidation / stopif Microsoft stock moves significantly upward and the trader is willing to lose the stock
SpeakerTony
Structure / legs- covered call on Microsoft position
Risks- Potential loss of upside if the stock moves significantly upward
- Premium received may be lower if the call is out of the money
Trade idea
AMZN selling a 30 delta put
If the trader is mildly bullish on Amazon, selling a 30 delta put is a viable strategy. This allows the trader to collect premium while waiting for the stock to move. The expected move for Amazon is approximately 10% over 52 days, which makes this strategy attractive. However, if the trader is ragingly bullish, buying the stock outright is more advantageous. The decision should be based on the trader's subjective feeling about the stock and the current implied volatility levels.
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Strategyselling a 30 delta put
Assetequity
ExpirationAugust
Time horizon52 days
Entry / triggerif the trader is mildly bullish on Amazon
Target / exitthe strike price of the put
Invalidation / stopif the stock moves significantly higher, the put may be out of the money, and the trader could consider adjusting the position
SpeakerTom
Risks- If the stock moves significantly lower, the trader may be obligated to buy the stock at the strike price.
- Implied volatility can change rapidly, affecting the premium collected or paid.
Trade idea
Nvidia call spread
The speaker suggests a call spread strategy for Nvidia, selling the 225 235 call spread and buying the 160 put, with a target of collecting a 265 credit. The trade is based on the belief that the stock is in a range and that a significant upward move is unlikely. The speaker references a similar trade executed in August, indicating a pattern of using this strategy when the stock is in a range and the trader is moderately bullish.
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Strategycall spread
Assetstock
ExpirationAugust 21st
Time horizonShort-term
Entry / triggerStock price around 196
Target / exitCollect a 265 credit
Invalidation / stopIf the stock moves significantly higher or lower
SpeakerSpeaker
Structure / legs- sell the 225 235 call spread
- buy the 160 put
Risks- Potential for the stock to move beyond the strike prices
- Volatility could impact the trade's profitability
- Market conditions may change rapidly
Trade idea
NVIDIA covered call
The speaker believes that NVIDIA is a strong stock with significant valuation potential, and the covered call strategy allows for capturing upside while limiting downside risk. The trade is considered viable if the stock price moves within a 20-30% range, with the strike price set near the current price of 170. The speaker acknowledges that the stock could move lower, but the trade is still considered favorable due to the potential for a large move.
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Strategycovered call
Assetequity
ExpirationApril
Time horizonShort-term
Entry / triggerStock price near 170
Target / exitPrice movement of 20-30%
Invalidation / stopMarket downturn or significant price drop
SpeakerSpeaker
Structure / legs- strike price: 174
- expiration: April
- credit received: not specified
- probability of profit: not specified
Risks- Market downturn
- Price volatility
- Limited upside potential
Trade idea
NKE selling puts
The speaker suggests selling puts as a strategy for earnings, leaning bullish or omnishirectional. This approach is suitable when volatility is cheap, and the stock feels like it's trading cheap, even if it's not technically cheap. The rationale is that selling puts can generate income while being long the stock, and the expected move is limited. The trade requires monitoring the stock's performance and adjusting as needed.
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Strategyselling puts
Assetequity
Time horizonshort-term
Entry / triggerwhen volatility is cheap and earnings are expected to be positive
Target / exitprofit from the put sale if the stock trades above the strike price
Invalidation / stopif the stock drops below the strike price, the trade may need to be adjusted or closed
SpeakerArthur
Risks- If the stock drops below the strike price, the trade may result in a loss
- Volatility could increase, affecting the price of the put
Trade idea
Nike put selling
The speaker suggests selling the 38 puts on Nike, assuming the stock is priced around $41.50. The expected move is estimated at $3.50, and the trade is considered a marginal play due to the limited premium. The speaker also mentions considering a vertical spread by buying the 41 call and selling the 42.5 call as an alternative strategy. The trade is based on the assumption that Nike is undervalued and the market is bullish, making it a short-term strangle strategy.
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Strategyput selling
Assetequity
Expirationweekly
Time horizon2 days
Entry / triggerstock price at $41.50
Target / exit38 strike price
Invalidation / stopif the stock price drops below $38, the trade is invalid
SpeakerSpeaker
Risks- Potential loss if the stock price drops significantly
- Limited premium may not justify the risk
- Market volatility could affect the trade outcome
Trade idea
NKE earnings trade
The speaker suggests that earnings trades are more profitable when volatility is higher and there is a decent IVR (Implied Volatility Ratio). This implies that traders should look for opportunities during periods of increased market volatility, particularly around earnings announcements, as these can provide more significant price movements and thus better trading opportunities.
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Strategyearnings trade
Assetequity
Expirationshort-term
Time horizonshort-term
Entry / triggeraround earnings announcements
Target / exitnot specified
Invalidation / stopnot specified
SpeakerTony
Risks- Market conditions can change rapidly
- Volatility may not materialize as expected
Trade idea
NKE call spread
The speaker suggests that a call spread or directional trade on Nike (NKE) could be a viable strategy when volatility is low. However, they caution that this is a 'cheap shot' and not a reliable strategy for long-term success. The trade requires a strong directional conviction and is not recommended for all traders.
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Strategycall spread
Assetequity
Time horizonshort-term
Entry / triggervolatility is low
Target / exitdirectional move
Invalidation / stopif the stock moves against the trade
Speakerunknown
Risks- loss if the stock moves against the trade
- requires precise timing and directional conviction
Trade idea
CATER Strangle
The speaker suggests using a strangle on Caterpillar stock, where the trader sells both a put and a call option. The strategy is based on the expectation that the stock will move significantly in one direction, with the trader willing to accept a small loss if the stock moves up but can profit from a larger downward move. The potential loss is limited, while the profit potential is significant if the stock moves down. The trader is advised to sell strangles to capitalize on the potential downward movement.
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StrategyStrangle
AssetEquity
Time horizonShort-term
Entry / triggerStock is expected to move significantly in one direction
Target / exitProfit from a significant downward move
Invalidation / stopLoss if the stock moves significantly upward
SpeakerSpeaker
Risks- Loss if the stock moves significantly upward
- Limited profit potential if the stock moves in the expected direction
Trade idea
Nvidia Strangles
The speaker shorted strangles and a ratio spread call, expecting the stock to move within the expected range. However, the stock did not move significantly, leading to a loss on the premium sold. The thesis was based on the assumption that the stock would move within the expected range, but the actual movement was minimal, resulting in a non-event. The strategy was to capitalize on the expected move, but the lack of movement invalidated the trade.
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StrategyStrangles
AssetEquity
Time horizonShort-term
Entry / triggerWhen the expected move is higher than the current price movement
Target / exitUncertain, based on market movement
Invalidation / stopIf the stock moves significantly beyond the expected move
SpeakerTom Sosnoff
Risks- Market volatility
- Incorrect expected move prediction
- Liquidity issues
Trade idea
INFQ buying a stock with potential for significant price movement due to news or market sentiment
The speaker mentions holding INFQ at around $11.50 and notes that it has risen to $15.43, indicating a potential for significant price movement. The speaker suggests that the stock's performance is due to news or market sentiment, and that post-earnings cycles are favorable for such trades. The speaker also notes that the stock has had a significant increase, suggesting a potential for further gains.
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Strategybuying a stock with potential for significant price movement due to news or market sentiment
Assetequity
Time horizonshort-term
Entry / triggerpost-earnings cycle
Target / exit15.43
Invalidation / stop9.5
Speakerunknown
Risks- volatility may not continue
- news may not be positive
- market conditions may change
Trade idea
UBER Put Option
The speaker suggests selling June 70 puts on Uber, which is trading around 74.50. The stock has been on its butt for some time, and the puts are priced around $1.30. The expected move for the month is 560, and the trade is considered a better opportunity after the stock's decline. The thesis is based on the stock's recent performance and the potential for a move to the lower end of the expected range.
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StrategyPut Option
AssetEquity
ExpirationJune
Time horizonMonth
Entry / triggerStock trading around 74.50
Target / exitBreak-even at the low side of the expected move
Invalidation / stopIf the stock moves above the expected move range
SpeakerArthur
Risks- Market volatility could lead to losses if the stock moves above the expected move range
- The put option could expire worthless if the stock doesn't decline as expected
Trade idea
NFLX short strangle
The speaker proposes a short strangle in Netflix with a conservative strike range, based on the expected price movement of $6 outside the range on both sides. The strategy is described as low risk and low reward, suitable for traders looking to participate in potential price movements without significant exposure. The speaker emphasizes the importance of the IVR and the probability of success, suggesting that the trade is appropriate for those seeking to enter a strangle in Netflix with a low risk profile.
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Strategyshort strangle
Assetequity
ExpirationJune
Time horizonShort-term
Entry / triggerStock price within a narrow range
Target / exit75% probability of success (P50)
Invalidation / stopSignificant price movement beyond expected range
SpeakerSpeaker
Structure / legs- short put at 82.98
- short call at 88.78
Risks- Limited reward potential
- Risk of significant price movement beyond expected range
Trade idea
PALANTEER call spread
the move has already happened
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Strategycall spread
Assetequity
Expiration135
Time horizonshort-term
Entry / triggervolatility is high
Target / exit146
Invalidation / stopafter an up move
SpeakerTom
Risks- volatility is low
- market direction is not as expected
Trade idea
SPAC strangle
short strangle on SpaceX with 41% expected move
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Strategystrangle
Assetequity
Entry / triggerstock trading at $41
Target / exit41%
Speakerunknown
Trade idea
Trade idea calls
selling calls above the strike price to capitalize on expected price movement
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Strategycalls
Assetstock
Time horizonshort-term
Entry / triggerif the stock gets called away
Target / exitexit the position
Invalidation / stopif the stock rallies and gets called away
SpeakerRoblox
Risks- stock rallies beyond expected move
- volatility changes
Trade idea
CLX iron condor
The speaker is short an iron condor on Clorox (CLX) and is concerned about the potential for early exercise of out-of-the-money calls due to an upcoming dividend. The discussion clarifies that early exercise of out-of-the-money options is not typically done for dividend purposes, and the email was a general alert to all holders of options on Clorox with an upcoming dividend. The speaker is advised that there is no risk of assignment for out-of-the-money options, and the email was sent as a precautionary measure.
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Strategyiron condor
Assetequity
Time horizonshort-term
Entry / triggerdividend announcement
Invalidation / stopdividend date
SpeakerTJ
Risks- Dividend risk
- Market volatility
- Early exercise risk
Trade idea
CLX Short Call with Dividend Consideration
The trader is short a 110 call on CLX, which is trading at 109.67. The corresponding 110 put is at 39.04, which is significantly above the dividend of 1.24. The trader is considering the risk of assignment and the mechanics of short call positions. The trader is advised that rolling the position to a 21-day expiration reduces the risk of assignment, as it is rare to be assigned on short calls with 21 days to expiration. The trader is also advised that if the put is close to the dividend value, the position should be exited to avoid risk.
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StrategyShort Call with Dividend Consideration
AssetEquity
Expiration21 Days to Expiration
Time horizonShort-term, with a focus on the 21-day expiration
Entry / triggerStock price at 109.67, 110 Call at 4.30, 110 Put at 39.04
Target / exitNot explicitly stated, but the trader is considering rolling the position
Invalidation / stopIf the put is below the dividend value (1.24), the position should be exited
SpeakerTJ
Risks- Risk of assignment if the put is close to the dividend value
- Market volatility could affect the put and call prices
Trade idea
NFLX Put Selling
The speaker suggests selling puts on Netflix (NFLX) at a strike price of 455-465, expecting the stock to trade above the strike price. The rationale is that Netflix has underperformed compared to other stocks, and the speaker believes the stock may not move significantly. The trade is considered a short-term play, with the expectation that the stock will not drop below the strike price. The risk is that the stock could fall below the strike price, resulting in a loss.
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StrategyPut Selling
AssetEquity
ExpirationNot specified
Time horizonShort-term
Entry / triggerStock price at 86
Target / exitStock price above 455
Invalidation / stopStock price below 455
SpeakerLoki
Structure / legs- Put with strike price 455
- Put with strike price 465
Risks- Stock price could fall below the strike price
- Market volatility could impact the trade
Trade idea
SPACEX Buy the dip
The speaker acknowledges the high valuation of SpaceX but believes it could still trade higher due to market demand and index inclusion. The proposed action is to buy the dip if the stock trades below its IPO price of 135, with the expectation that it may recover due to continued interest and demand. The risk is that the stock may continue to trade below the IPO price, indicating a lack of market confidence.
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StrategyBuy the dip
AssetEquity
Time horizonShort-term
Entry / triggerIf the stock trades below its IPO price of 135
Target / exitPotential for price increase due to market demand and index inclusion
Invalidation / stopIf the stock continues to trade below 135 and shows no signs of recovery
SpeakerSpeaker 2
Risks- High valuation may not be justified by fundamentals
- Market sentiment could lead to a selloff
Trade idea
SPACEX volatility spreads
The speaker suggests that when a highly anticipated liquid underlying like SpaceX is about to IPO, traders should use volatility spreads. This is due to the expected high volatility and the likelihood of price swings. The speaker emphasizes that traders should pick a price and leave it in, as the market will eventually fill the order. They also recommend reducing profit targets when trading such volatile assets to manage risk effectively.
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Strategyvolatility spreads
Assetequity
Expirationnot specified
Time horizonshort-term
Entry / triggerhigh anticipated volatility due to IPO
Target / exitnot specified
Invalidation / stopnot specified
Speakernot specified
Structure / legs- short-term volatility spreads
Risks- Volatility can be higher than expected
- Market makers may have different strategies
- The initial price may not be filled at the desired level
Trade idea
SPACEX call spreads
The transcript suggests that due to the expected call skew, call spreads above the market will trade cheap. This makes call spreads an attractive strategy for bullish positions, as they are likely to be undervalued relative to put spreads. The speaker also references historical examples like GameStop, where call spreads were significantly cheaper than put spreads during periods of high volatility.
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Strategycall spreads
Assetequity
Expirationnot specified
Time horizonshort-term
Entry / triggerhigh volatility environment
Target / exitnot specified
Invalidation / stopnot specified
Speakernot specified
Structure / legs- call spreads above the market
Risks- Market movement may not align with expectations
- Volatility could decrease, reducing skew
Trade idea
LCID buy the stock
The speaker believes that the Lucid stock is undervalued and has a strong company behind it. Despite the options market being described as 'garbage,' the speaker is willing to buy the stock directly. The speaker also mentions that the stock has experienced a significant drop following a reverse split, which may present an opportunity for a long-term investment.
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Strategybuy the stock
Assetstock
Time horizonshort-term
Entry / triggercurrent price of $6.07
SpeakerTom
Risks- The stock could continue to decline if the company's performance does not improve.
- The speaker's valuation is subjective and not based on detailed financial analysis.
Trade idea
NVIDIA Earnings-driven
The speaker suggests that Nvidia's earnings on Wednesday could be a significant factor influencing the market. The speaker notes that Nvidia's performance is a bigger play than the State of the Union address, indicating that the market is closely watching the company's results. The speaker also mentions that Nvidia and Apple are strong, suggesting a positive outlook for the stock. The speaker does not have a position in Nvidia, but the potential for a positive move following the earnings report is highlighted.
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StrategyEarnings-driven
Assetequity
Time horizonShort-term
Entry / triggerEarnings report on Wednesday
Target / exitPrice movement following earnings report
Invalidation / stopMarket downturn or underperformance relative to expectations
SpeakerUnknown
Risks- Market volatility
- Underperformance of Nvidia relative to expectations
- Overall market downturn
Trade idea
MU long-term hold
The speaker has a long position in MU, which was up $3 at one point today. The position is being moved into a long-term hold position, indicating a belief in the stock's potential for continued growth. The speaker is cautious about the market's overall direction, but remains optimistic about MU's prospects.
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Strategylong-term hold
Assetequity
Time horizonlong-term
Entry / triggercurrent price
Invalidation / stopmarket conditions
SpeakerUnknown
Risks- Market volatility
- Underlying fundamentals may deteriorate
- Potential for short-term price declines
Trade idea
NVIDIA shorting a stock that has experienced a significant drop
The speaker mentions that NVIDIA has dropped $6 and expresses a desire for it to rise. This indicates a short-term trade idea where the speaker is shorting NVIDIA, expecting a reversal or a rise in price. The trade is based on the speaker's personal sentiment and the recent price movement of the stock.
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Strategyshorting a stock that has experienced a significant drop
Assetstock
Time horizonshort-term
Entry / triggerNVIDIA down $6
Target / exitNVIDIA higher
Invalidation / stopNVIDIA continues to decline
SpeakerTom Sosnoff
Risks- Market reversal
- Unexpected news affecting the stock
Trade idea
SPAC out-of-the-money call
The speaker suggests that a 'flyer' trade involves buying an out-of-the-money call on a stock that has been beaten down and has high implied volatility. The idea is to capitalize on a potential significant upward move, such as a stock like SpaceX that could rise sharply. However, the speaker also notes that such trades are speculative and should be approached with caution, as the market is crowded and the outcome is uncertain.
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Strategyout-of-the-money call
Assetequity
Time horizonshort-term
Entry / triggerwhen a stock has been beaten down and has high implied volatility
Target / exitsignificant upward move
Invalidation / stopif the stock does not move significantly
Speakerspeaker
Risks- high risk of losing the premium paid for the call
- market volatility can lead to rapid losses
Trade idea
NBIAS short-term trading
The speaker is long NBIAS, which has shown price movement with a recent increase from $25 to $27. The trade idea is based on the potential for continued price movement, though the exact target and stop levels are not explicitly stated. The speaker did not sell the position after a price drop, indicating a possible short-term holding strategy.
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Strategyshort-term trading
Assetequity
Time horizonshort-term
Entry / triggerPrice at $25 or $27
Target / exitPrice movement based on market conditions
Invalidation / stopPrice drop below $25 or $27
SpeakerGary
Risks- Price volatility
- Market conditions changing rapidly
- Lack of clear exit strategy
Trade idea
COINBASE Put Spread
The speaker sold the August 100 puts for $2, anticipating a rally within the expected range. The trade was based on the stock's premarket movement and the expected price range. The speaker believed the stock would rally within the expected range, making the put spread profitable. The trade was considered successful if the stock moved within the expected range, but it was invalid if the stock moved outside that range.
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StrategyPut Spread
AssetEquity
ExpirationAugust
Time horizonShort-term
Entry / triggerStock is down premarket
Target / exitStock rallies within expected range
Invalidation / stopIf the stock moves outside the expected range
SpeakerGary
Risks- Market volatility
- Unexpected price movements
- Liquidity issues
Trade idea
Walmart puts
The speaker suggests selling puts on Walmart as a potential trade idea, indicating a belief that the stock may decline. This is part of a broader discussion about market conditions and the speaker's short positions on the Nasdaq and Moo (likely referring to Microsoft). The speaker's rationale is based on the current market environment and the belief that certain stocks may be beaten down.
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Strategyputs
Assetequity
Time horizonshort-term
Entry / triggerMarket conditions that suggest a potential decline in Walmart's stock price
Invalidation / stopMarket conditions that suggest a reversal or significant increase in Walmart's stock price
SpeakerUnknown
Risks- Market volatility
- Potential for the stock to rise above the strike price of the put options
Trade idea
MICRON buy the dip
The speaker discusses the concept of 'buying the dip' as a strategy, emphasizing that it has historically worked over the past 16 years with snapback rallies following selloffs. However, the speaker warns that this strategy may not be effective during a significant market pullback, suggesting that it's not a guaranteed solution. The speaker also mentions that they would not buy MICRON at 880 or 550, indicating that the strategy is not currently applicable for this specific stock.
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Strategybuy the dip
Assetequity
Time horizonshort-term
Entry / triggerwhen the price is oversold
Target / exitnot specified
Invalidation / stopnot specified
Speakerspeaker
Risks- Market pullbacks may not result in snapback rallies
- Oversold conditions may not lead to immediate price recovery
Trade idea
SPCE put ratio spread
The speaker suggests selling 100 puts and buying 105 puts to create a put ratio spread, which synthetically shorts the stock. The strategy is based on the belief that the stock may drop significantly, potentially by a third, by August. The speaker acknowledges the risk of this strategy, noting that it is a tall order and that the market may have other issues if the stock drops significantly.
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Strategyput ratio spread
Assetequity
Expirationnot specified
Time horizonAugust
Entry / triggerstock price below IPO price
Target / exitstock price drops by a third by August
Invalidation / stopif the stock price does not drop by a third by August
SpeakerScott
Risks- Significant potential loss if the stock price does not drop as expected
- Market volatility could impact the effectiveness of the strategy
- The strategy is speculative and not suitable for all investors
Trade idea
GOOGL Call Spread
The speaker suggests selling a call spread on GOOGL with a strike price of 405415, expecting limited upside movement. The trade is structured to benefit from a range-bound market, with the speaker noting that Google has not had a significant down tick in the last two years. The trade is considered as a way to capitalize on the skew in the options market, with the speaker acknowledging that they have not made money from similar trades in the past.
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StrategyCall Spread
AssetEquity
ExpirationAugust 21
Time horizonShort-term
Entry / triggerMarket conditions as of the time of the trade
Target / exitUncertain, depends on market movement
Invalidation / stopUncertain, depends on market movement
SpeakerUnknown
Risks- Market volatility
- Potential for significant losses if the stock moves beyond the call strike price
- Limited upside potential
Trade idea
PLTR call spread
The speaker is selling a call spread on PLTR, which has had a significant rally. The strategy is based on the belief that the stock may not continue its upward trend, and the call spread is expected to profit from the premium. The speaker acknowledges the risk of the stock continuing to rise due to factors like AI-related hype, but believes the position is still viable given the current market conditions.
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Strategycall spread
Assetstock
ExpirationAugust 21st
Time horizonshort-term
Entry / triggerstock trading around $134
Target / exit310 credit
Invalidation / stopif the stock rallies significantly or if the market moves against the position
SpeakerScott
Risks- significant rally in the stock
- market volatility
- earnings announcements
Trade idea
AAPL iron condor
The speaker suggests rolling the call spread to August 320-330 and adjusting the put spread to maintain a small credit. The reasoning is that the current price is slightly below the strike price, and rolling the position to a later expiration could provide more time for the trade to work out. The risks include potential losses if the price moves significantly against the position.
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Strategyiron condor
Assetequity
ExpirationJuly 24th
Time horizontwo weeks
Entry / triggercurrent price at 311
Target / exitsmall credit
Invalidation / stopif price moves significantly against the position
SpeakerScott Sheridan
Structure / legs- call spread: 300-310
- put spread: (not specified)
Risks- Price movement against the position
- Market volatility
- Time decay
Trade idea
AAPL call spread
The speaker suggests rolling a call spread to August 320 and 330 as a strategy when Apple's price is down to the 310 level. This is a short-term strategy that involves a small credit and rolling the position to August. The idea is to capitalize on the downward movement of Apple's price while managing risk through the spread.
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Strategycall spread
Assetequity
ExpirationAugust
Time horizonShort-term
Entry / triggerApple's price is down to the 310 level
Target / exitRoll the call spread to August 320 and 330
Invalidation / stopIf the price moves significantly against the short call spread
SpeakerUnknown
Risks- Market volatility could lead to unexpected price movements
- The spread may not perform as expected if the price does not move in the anticipated direction
Trade idea
Microsoft Shorting Microsoft with a cover at the opening
The speaker sold Microsoft and covered it at the opening price, indicating a short position. The trade was considered a 'nice trade' based on the price movement and execution. The speaker's action suggests a short-term strategy with a focus on the opening price as the entry point.
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StrategyShorting Microsoft with a cover at the opening
AssetEquity
Time horizonNot explicitly stated
Entry / triggerOpening price
Target / exitNot explicitly stated
Invalidation / stopNot explicitly stated
SpeakerS0001
Risks- Price movement against the short position
- Execution risk at the opening
Trade idea
Microsoft sell on rallies
The speaker is bearish on Microsoft at the current level, having been bearish at 430 and now at 420. The speaker suggests selling on rallies, indicating a short-term bearish bias. The rationale is that the stock has gotten ahead of itself, and the speaker believes it is overvalued. The invalidation level is a continued rise above 430, which would suggest the stock is not overvalued and the bearish thesis is incorrect.
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Strategysell on rallies
Assetstock
Time horizonshort-term
Entry / triggerprice rallies to 430 or higher
Target / exitprice reverts to 420 or lower
Invalidation / stopprice continues to rise above 430
SpeakerJay
Risks- Market volatility
- Unexpected positive news
- Liquidity issues
Trade idea
CAR bull call spread with put purchase
The trader executed a bull call spread and purchased puts to capitalize on a short squeeze in CAR. The strategy aimed to profit from the upward movement of the stock, which was expected to reach a peak due to the short squeeze. The trader missed the peak by 2 hours but still captured gains on both sides of the squeeze. The strategy was based on the expectation of a rapid price increase due to the short squeeze, which is a common phenomenon in markets with significant short positions.
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Strategybull call spread with put purchase
Assetequity
Time horizonshort-term
Entry / triggershort squeeze
Target / exitpeak of short squeeze
Invalidation / stopfailure to reach peak or reversal in trend
SpeakerScott
Structure / legs- bull call spread
- put purchase
Risks- Failure to reach the peak
- Market reversal
- Slippage in execution
Trade idea
AMD divergence
The speaker notes that AMD was a significant mover the previous day but was down this morning. This divergence from the broader market trend could indicate a potential short-term reversal or consolidation. The speaker is looking for such divergences to identify trading opportunities. The thesis is based on the idea that divergences can signal underlying market sentiment shifts, and the speaker is monitoring these for potential trades.
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Strategydivergence
Assetstock
Time horizonShort-term (1-3 days)
Entry / triggerIf AMD shows a strong divergence from the overall market trend
Target / exitPotential short-term reversal or consolidation
Invalidation / stopIf AMD continues to move in line with the broader market
SpeakerScott
Risks- Market reversal
- Liquidity issues
- False signals
Trade idea
IONQ short puts
The speaker is long IONQ, a quantum computing stock, and has been selling puts at various strike prices (30, 32, 33) as the stock price drops. This strategy has worked so far, as the puts are not expensive, and the speaker has been able to collect premiums while maintaining a long position. The strategy is based on the idea that selling puts can provide downside protection while allowing for potential upside gains.
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Strategyshort puts
Assetequity
Expirationnot specified
Time horizonnot specified
Entry / triggerstock price drops below strike price
Target / exitnot specified
Invalidation / stopnot specified
SpeakerSoan
Structure / legs- short 30 puts
- short 32 puts
- short 33 puts
Risks- Market volatility could lead to losses if the stock price drops below the strike price
- The strategy may not work if the stock price continues to decline and the puts are exercised
Trade idea
IONQ Short puts
The speaker is long IONQ and has been selling puts, which has worked so far. The strategy is based on the assumption that the stock will remain above the put strike price, allowing the seller to keep the premium. The speaker believes the stock is undervalued and has potential for growth, particularly in the quantum computing sector.
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StrategyShort puts
AssetEquity
Time horizonShort-term to medium-term
Entry / triggerMarket price around $28
Invalidation / stopIf the stock price drops significantly below the put strike price
SpeakerScott
Risks- Market downturn
- Failure of the underlying stock to perform as expected
- Liquidity issues in the options market
Trade idea
Trade idea volatility trading
During midterm election years, the S&P 500 historically experiences a drawdown of around 17% to 19.4%. The speaker suggests selling out-of-the-money puts as a way to capitalize on increased volatility and premium capture. This strategy allows for exposure to market movements without the need to own the underlying asset. The speaker emphasizes that this approach is safer than buying long shares and involves taking small, incremental steps to manage risk. The strategy is suitable for investors comfortable with contrarian strategies and willing to take calculated risks.
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Strategyvolatility trading
Assetequity
Time horizonshort-term
Entry / triggermarket drawdown during midterm election years
Target / exitvolatility increase and premium capture
Invalidation / stopmarket rally or failure to capture volatility
SpeakerIsile
Risks- Market rally
- Failure to capture volatility
- Liquidity issues
Trade idea
MICRON short calls
The speaker is short calls on Micron, expecting the stock to rally but not exceed $555. The trade is based on the belief that the stock has already rallied significantly and that further gains are unlikely. The speaker acknowledges the risk of being 'killed' but remains confident in the trade despite past losses.
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Strategyshort calls
Assetequity
Expiration3 days
Time horizon3 days
Entry / triggerMicron earnings after close
Target / exitstrike price of $555
Invalidation / stopif the stock rallies above $555
SpeakerThe speaker
Structure / legs- 3-day calls at $555 strike
- two and a half times the expected move
Risks- The stock could rally beyond the expected move
- Earnings could surprise positively, leading to higher prices
- Market volatility could impact the trade
Trade idea
BABA selling puts on a stock trading near its lows
The speaker is short puts on Alibaba (BABA) as it is trading near its lows. The strategy is based on the idea that selling puts on stocks on their lows can be profitable if the stock does not move significantly. The speaker has already short the 120 puts and is planning to sell more puts, expecting the stock to remain near its lows. The risk is that the stock could pull back significantly, invalidating the trade.
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Strategyselling puts on a stock trading near its lows
Assetequity
ExpirationJuly
Time horizonShort-term
Entry / triggerStock trading near its lows
Target / exit80% pop with a 16 delta
Invalidation / stopIf the stock pulls back significantly
SpeakerUnknown
Structure / legs- July 110 puts for $0.70
- July 120 puts for $1.70
Risks- Significant stock movement could lead to losses
- Market volatility could impact the effectiveness of the strategy
Trade idea
SMH broken wing butterfly
The speaker is considering a broken wing butterfly trade on SMH, which is at its highs. The trade involves buying the 700, 710, and 730 strikes for a credit. The speaker notes that the trade has a high probability of profit (87%) and a high implied volatility ratio (IVR) of 93 due to semiconductor stocks. However, the speaker acknowledges that the trade has a high risk-reward ratio, with a potential risk of $930 and a potential reward of $1070. The speaker is cautious about entering the trade due to the stock's current position and the potential for a pullback.
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Strategybroken wing butterfly
Assetstock
ExpirationJuly
Time horizonshort-term
Entry / triggerstock at its highs
Target / exitcredit for a few pennies more than the initial trade
Invalidation / stopif the stock pulls back significantly
SpeakerSpeaker
Risks- The stock could pull back significantly, reducing the trade's profitability.
- The trade has a high risk-reward ratio, which could lead to significant losses if the stock moves against the trade.
Trade idea
MICRON scalping
Scalping Micron (MICRON) is viable if the daily expected move is $30. A target of $3 (10% of the expected move) is reasonable. The trade should be exited if the move exceeds expectations or if the market moves against the position. This approach leverages tight market conditions and high liquidity, with no commissions to enhance profitability.
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Strategyscalping
Assetstock
Time horizonshort-term (minutes to hours)
Entry / triggerDaily expected move is $30
Target / exit$3
Invalidation / stopIf the daily expected move is exceeded or the trade goes against the expected direction
SpeakerUnknown
Risks- Market volatility
- Execution risk
- Liquidity risk after hours
Trade idea
Micron Scalping
Micron's expected move of $30 requires a stop-loss at a percentage of that move. Scalping strategies should focus on a small universe of stocks with which the trader is comfortable. The trader should avoid doubling down or taking positions home, as this increases risk. The expected move should be used to determine the target and stop-loss levels, ensuring disciplined execution.
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StrategyScalping
AssetEquity
Time horizonIntraday
Entry / triggerWhen the stock is expected to move $30, with a stop-loss set at a percentage of the expected move.
Target / exitA percentage of the expected move, which varies per stock.
Invalidation / stopStop-loss at a percentage of the expected move to limit losses.
SpeakerSpeaker
Risks- Market volatility
- Stop-loss triggered prematurely
- Inability to execute trades quickly
Trade idea
TSLA long calls
If a merger between SpaceX and Tesla occurs, Tesla stock is likely to increase in value. Long calls on Tesla stock could be a viable strategy. However, the trade is contingent on the merger happening, and there is a risk that the deal may not go through, which would invalidate the trade. The potential upside is the increase in Tesla's stock price, while the risk is the possibility of the merger failing or the stock price not rising as expected.
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Strategylong calls
Assetequity
Time horizonShort-term
Entry / triggerIf a merger between SpaceX and Tesla occurs
Target / exitThe price of Tesla stock will increase due to the merger
Invalidation / stopIf the merger does not occur or the deal is not approved
SpeakerJeff
Risks- The merger may not occur
- The deal may not be approved
- Market volatility could impact the stock price
Trade idea
TSLA Long Call on Tesla Stock
If Tesla is acquired by SpaceX, the stock price will likely rise to the acquisition price. Long call options on Tesla would benefit from this increase, provided the strike price is below the acquisition price. However, if the deal fails, the options may expire worthless. The key is to identify the strike price and the expected acquisition price. The trade should be executed if the acquisition is announced and the strike price is favorable.
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StrategyLong Call on Tesla Stock
AssetEquity
ExpirationUnknown
Time horizonImmediate
Entry / triggerTesla stock is acquired by SpaceX
Target / exitPrice of Tesla stock at the time of acquisition
Invalidation / stopDeal fails or stock price drops below strike price
SpeakerUnknown
Risks- Deal failure
- Market volatility
- Incorrect strike price
Trade idea
SPACEX broken-wing butterfly
The broken-wing butterfly strategy was executed with a 25 cent credit, targeting a $18 expected move. The trade is designed to profit from a range-bound stock, with the 235 strike as the maximum profit point. The trade was adjusted for a $10 drop in stock price, and the speaker suggests further adjustments to the strike prices based on market conditions.
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Strategybroken-wing butterfly
Assetequity
Expirationweekly
Time horizonshort-term (1-2 days)
Entry / triggerstock price at 215
Target / exit235
Invalidation / stopstock price moves beyond expected range of $18
SpeakerTom
Risks- Volatility contraction
- Unexpected price movement beyond expected range
- Margin requirements
Trade idea
SPACEX Strangle and Broken-Wing Butterfly
The August strangle leverages the significant call skew and expected volatility to capture potential price movements while collecting a credit. The broken-wing butterfly and condor strategies capitalize on the skew and volatility to create a middle trade. The bullish vertical is a straightforward play for those bullish on SpaceX.
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StrategyStrangle and Broken-Wing Butterfly
AssetEquity
ExpirationAugust
Time horizon60 days for strangle, 30 days for condor
Entry / triggerStock trading around $200-205
Target / exitCollect $10 credit for strangle, $40 middle for condor
Invalidation / stopIf the stock moves significantly against the expected direction
SpeakerMr. Sheridan
Structure / legs- August strangle (200-205 put and call spreads)
- Broken-wing butterfly (one-day to go, 200-205 put spreads)
- Bearish condor (200-205 put spread and 160-165 put spread)
- Bullish vertical (205-210 call spread)
Risks- Volatility may not materialize as expected
- Market conditions can change rapidly
- Liquidity issues in specific strike prices
Trade idea
NFLX Wheel Trading
The speaker suggests using wheel trading on Netflix (NFLX) by selling puts at 77.50 and then selling calls against the stock. This strategy is based on the belief that Netflix is at a multi-year low and could be a good candidate for such a trade. The reasoning is that the stock is undervalued and has potential for upward movement, making it a suitable candidate for a bull call spread. The speaker also mentions that the stock is on a multi-year low, which supports the idea of a long-term bullish outlook.
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StrategyWheel Trading
AssetEquity
ExpirationNot specified
Time horizonNot specified
Entry / triggerStock price at 77.50
Target / exitNot specified
Invalidation / stopNot specified
SpeakerUnknown
Risks- Market volatility
- Failure to meet the strike price
- Liquidity issues
Q&A
Any thoughts on BU?
The speaker does not have thoughts on BU, stating they discussed it earlier and prefer being long rather than short.
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Actionable takeawayAvoid shorting BU; consider being long instead.
Q&A
What is your opinion on MU after the market closes?
The speaker is short MU and believes that the larger move is not priced in. They expect a larger than expected move to the downside, as everything is skewed to the upside. The speaker acknowledges the possibility of a move to the upside but believes the downside is more likely.
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Actionable takeawayThe speaker is short MU and expects a larger than expected move to the downside.
Q&A
What do you think about intel here?
The speaker likes Intel at 85 and suggests a long diagonal spread in Intel.
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Actionable takeawayThe speaker suggests a long diagonal spread in Intel at 85.
Q&A
I followed your back ratio trade on BE and subsequently made a lot but then lost a lot on their big moves. My cost is $280 and it's now trading around 185. Suggestions.
The speaker suggests that the trade details should be reviewed, as they don't remember the specific trade. They mention that if the cost is $280 and the stock is now trading around $185, it's a one-lot position that has declined by $95. They acknowledge it as a big move but not a bad trade.
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Actionable takeawayReview the trade details to understand the strategy and consider whether to hold or close the position based on current market conditions.
Q&A
What are your favorite quantum exposure?
The speaker mentions having no public quantum exposure other than a private investment in a quantum startup. The speaker also mentions holding INFQ, a quantum stock, and notes that it has increased significantly.
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Actionable takeawayThe speaker holds INFQ, a quantum stock, and notes that it has increased significantly.
Q&A
What is the range for Uber?
Uber's price range has been between 105 and 68.50, with the stock currently trading around 73-74.
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Actionable takeawayThe stock has been volatile, with a recent decline to around 73-74.
Q&A
What is the dividend for CLX?
The dividend for CLX is $1.24.
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Actionable takeawayThe dividend amount is a key factor in determining the risk of assignment for short call positions.