Bitcoin is Unstoppable!

PreMarket Prep

Episode Summary:

• Market Recap
• Netflix earnings reaction
• Novavax vaccine delays NVAX
• Options Plays For The Earnings Season

Link to SEC Report here

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Guests:

CC Lagator, Co-Founder at Options AI

https://www.optionsai.com/

Meet The Hosts:

Dennis Dick

Twitter:https://twitter.com/TripleDTrader

Spencer Israel

Twitter: https://twitter.com/sjisrael

Joel Elconin

Twitter: https://twitter.com/Spus

https://www.premarketprep.com/

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

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Unedited Transcript

Good morning, everybody. You know, there are some days where that you don't have that much to talk about. And there are other days where you got a lot going on today is one of those days. Cause we got there. There's.

Okay. There's not earnings headlines. There's vaccine news. There there's a lot going on this morning, a lot going on. We're going to try to cover as much of it as we can. CC Labrador from options. AI is our guest today at 8 45. We're going to talk options ideas into an after earnings report. Seeing as how we're in earning season.

So we'll talk Netflix, we'll talk restaurant stocks, we'll talk. Novavax we'll talk. United airlines will try to take questions from our chat at the end of the show, but it is going to be a busy, busy, busy morning. So queue us all a favor. Now hit that like button please. So we don't even gotta worry about that.

I'm going to ask you again and, um, and, uh, let's get Joel on here. And Joel, uh, how are you doing this morning? Cause, cause we got, we got a lot going on here. We're in a fast market, fast as fast, fast I'm D I'm doing pretty good. Uh, S and P futures are doing okay. Uh, we're only down three sticks at 45 0 8 and a quarter.

You have crude back in off that all time high, that double top at 83, but I didn't call it a double top down 83 cents at 81 61, a gold. Back working its way towards 1800 up 13, 60 it's, 17 84 50 silver back over 24 that's 18.70 cents at 24 0 7 Bitcoin just hanging out near all time highs, but it's down 3 28, 60 4,340 a theory of futures.

They're going the opposite way. They're up $54 and 25 cents at 38.96. Alright. Um, Hey, speaking of Bitcoin, um, fun fact about the Bitcoin ETF from yesterday before we get to the real stuff today, um, new ETS will always launch with some seed capital. So it could be ITO ETF from yesterday wants to with $20 million already in seed capital and end of the day with $570 million.

It's okay. $515 million on inflows yesterday. Just an insane first day. Anyhow, no kid is. You're telling me there's some demand for our product like this. Yeah. That's just a bad, bad. Just a little bit anyway. Okay. Let's talk now we'll start with nice to have another Bitcoin vehicle to trade though. I'm actually like that.

I I'm sure you do. It's going to be another one today. Did you know that one time that what's this one going to be T F D B T F D B T F D.

It's like

I have to buy that, but so craziest, ticker. So while you see people all the time, we cannot say the F on a live show, but I cannot believe they use that. BT Bitcoin FD fund Bitcoin. Yeah. That's what it stands for Spencer by the F dip. That's what it stands for. I don't know what you're talking about. I get what you're saying anyway.

That's awesome.

Just because of that. All right. Let's talk, let's talk. Netflix here. Uh, earnings were out last night. We were doing a stream as it was going on. Um, I think the numbers were actually that bad, um, numbers weren't that bad. It was, yeah. The numbers. I think the guidance was that bad either. So I'll give you the numbers here from Netflix earnings per share, beat their sales beat.

They added 4.4 million, um, on net subscribers in the quarter, which also beat they guided that they would, um, that they would add 8.5 million subscribers this quarter, which is actually identical to what they earned in Q4 last year. Um, So, again, I didn't think any of that was bad. The stock is obviously down here this morning.

Um, so my, my take is number is not bad, especially when you remember one or two quarters ago, then it had a terrible, terrible miss where they missed on, on their subscribers horribly. And the stock got crushed on that. Um, we seem to have come out of that for now. Uh, the reasons to be bearish, uh, are a, the stock just came off this huge move in the last couple of months also, also they're they're, they're, they're still not really growing in the U S right.

It's still most of the international growth. They're, they're really saturated. They're they're they're at capacity. It seems like in the United States right now, they're not really growing there. They've only added 88,000 subscribers in the U S and Canada this year that's that's that's peanuts for, for a company, a whole.

And the U S and Canada. Yeah. And that's the other, and that, that goes also into churn right there. Their churn rate is, is, is still high, but the good news there is the churn rate is higher on their competitors. So there's that to think about, but anyway, numbers. Stock reaction good in the first minute, and then not so good after that.

But, uh, all that Joel talking about that it was actually just a, a whipsaw session. They did not know what to do with that report. So it went up a little bit initially, then they hammered it. Then they took it all the way up to over six 60 and then they hammered it again. So they, it just shopped around. It was by the dip and saw the rep to see him like a dozen times in that first candle.

Also, obviously you can see the wicked wicked candle before it eventually started to find its way and obviously wanting to trade down after, but it could not figure it out. It was a whip. Even me looking, I was like, I didn't even know which way to go because of this starts ripping, you know, it may take bang up with it and then it starts dip and it's like, well, I don't even know what to do here.

I'm just laying off. Joel, thoughts, concerns. You gotta throw that dad high 6 62 or whatever it was. I don't want to say never cause never's a long time, but boy, 6 63 15 is where they took it up to. I mean that, that's an overshoot, uh, interesting thing to me is that the overshoot on the downside 6 22 52, and you came back down to that area, you to came back to that area this morning when you went to 6 20 81, and this is just setting up perfectly technically here.

This is this technical setups. Jewel. Tell me more, tell me more six 20, just got a hold of you. Um, maybe, you know, the whole six, 20 good report. We're going back up testing all time highs the state T I don't know if this is just today or, you know, uh, you know, but look at that, you got all those lows in the area broke out that day.

It's a pre-market low, you've got the daily low for a couple of days. You got to keep an eye on six 20. And that I would just go back to wall. You'll just go back to this, you know, reset, boom trading range. Here's the all time high. You got to break out above that. So there we go. Six 20. That's your number.

If you lose money, when it goes to six 20 and alongside blamed Spencer in Dennis. Yeah. You lose money. It's your own fault on anything. Cause we don't give any recommendations. We only give ideas and we give opinions. You do what you want with those opinions. I'll give you the same thing. I'll say the six twenties important to hold to.

Is this a stock that's absolutely loved by the street right now? Yes. Is this a stock? That's had a pretty good run here in the last few weeks. Yup. Is this a stock that's likely to get bought in the dip? So I'll give you the six 20 and you know, maybe you try it there. If it doesn't work, it doesn't work.

It's a tricky market, you know, even just taking it away from Netflix, this for a second, like yesterday's action, Joel, there was like half the stocks really getting hit, like an Ulta, beauty, just getting absolutely hammered. And then you had other stocks that were just ripping relentlessly, no mercy. So, I mean, it was a very, it was a market that had a lot of separation in it and I think that continues.

So if your stocks and favorite stays and it can stay in favor, obviously, but I mean, again, it's the market just kind of random, you know, the random walk a little bit and a lot of stuff. What did what happened to Alton there? Uh, I don't know, 360. I mean, I'll give you a big one though. Yeah, you're all to traders.

Uh, yeah, the 3 55 to 360. Uh that's where the guidance. Okay. I said guidance out yesterday morning. Uh, they done the show. We didn't catch that. The 55 to 360 folks. That's that's the muscle area for all the big dropdown. Just, Ooh, two days we moved from an old time high. Yikes. All right. So Joel gave six twenties as your ma as your, your, your critical number on, on Netflix, Dennis concurred, um, uh, and sort of a toss up thinking about what Netflix is.

This doesn't even factor in squid game, which is supposedly their biggest show ever. Uh, we'll find out more about that the next quarter. I don't know if you all care about this, but they did say that they're going to change how they report what their biggest shows are. They're not right now. They, they, they, they read the report.

Number of accounts, watching that have watched a given show for two minutes. You're not going to do that anymore. Now they're going to do just total watch time, total hours watched for a given show. Anyway, um, if y'all care about no, do not bring back house of cards. It really went downhill when we lost Kevin Spacey though.

Cause I felt so depressed after the Kevin Spacey issue because I loved Kevin Spacey as an actor. And now we can't see them anymore. I mean, these actors got to keep their personal lives together for the sake of all of us. Cause Kevin Spacey was an awesome. And now we're probably never see him in anything.

Good again. And, um, and how's the car it's that last season Joel was absolutely terrible. It was the worst thing ever. It was the, the, one of the best series and they ended it in the worst possible way. They've scrambled around trying to produce something without Kevin Spacey, your hands were tied, their hands were tied there.

Wasn't the screwed us all. Okay. All right. Let's let's move on. Okay. Good. Biggest loser of the morning right now is Novavax. Dennis was all over this last night. If you're, if you're watching him on Twitter, um, shout out to Politico. We don't follow a political much, but cause Politico doesn't really move stocks, but they're moving this stock.

They had a whole. Yeah, there had a whole article out last night about the struggles that Novavax has had as it pertains to, uh, actually manufacturing their vac, their COVID vaccine candidate. Um, and it, it was, if you read the article, which I did it didn't, there wasn't really anything in there that sounded good.

I, I did see that Novavax had a filing out this morning, uh, and I see filing basically just confirming. There their confidence. And they're trying to obviously fight back on the Politico article. They see the stock down 33 points. Somebody like say something. So, so basically the article was like, Hey, Madonna, Pfizer Johnson, Johnson, AstraZeneca.

They've been able to not just get a vaccine developed, but also manufacture it. Novavax has not. Um, and reminder, this is, this is, it's not like we know the vaccine has a history of developing vaccines. They hadn't done that before this also, they're not doing it the same way. They're not using the MRI and a technology that like maternity is there.

They're doing it like the old fashioned way, uh, which I guess involves harvesting. Um, cells from animals or something. Um, but anyway, Novavax is your biggest loser. It's down 20% in the pre-market session alone. Yeah. Just think about, you know, what Madonna has done and, you know, we've talked about the separation, you know, probably three or four months ago between Novavax and Madonna, because it got the vaccine out and you know, and they're doing so many things that no of ax can't figure it out.

I mean, they were both had the same lead time, really, you know, it was Novavax when we first heard about COVID back in April or may, you know, in March we heard about it, but when we're hearing about the vaccines, it's going to be Novavax on the Dharna that we're going to come and save the day in a tech in there too.

And Novavax just never got it together. So, I mean, here we are, you know, the stocks down 21%. I will tell you, Joel, the level of all levels for this doc was last night. I called it out on Twitter too. I said one 15, there was an iceberg order there, Joel, at one 15, that would not move. They were having. And hitting it and hitting it.

And that third, big purple candle you can see in the top left chart, they were hammering the one 15. Somebody bought a pile of stock. There they an iceberg order for those traders who are near to an iceberg order, it's usually just shows like a hundred shares on the bed, but it's really a lot more. So you only seen the tip of the iceberg is where they get the analogy from.

So it might be like 10,000 shares to buy might be 20,000 shares. Buy might be 50,000 shares to buy, but they're only showing a hundred and then it's continuously trading at that price and not going through it. And that's how, you know, it's an iceberg order. You don't know how big the iceberg is because you're only seeing the tip of it, but they hit it.

They hit it, it would not move. And finally, they turned around and started bouncing and they bounce it from one 15 to 1 35 this morning came back down, retested the same exact area, that one 15 Joel, look at those lows, not quite to one thing, but right in that area. So you have major pre-market support, whether that support's going to hold in the regular session, nobody knows anything, but all we can do is take the information we have and make logical trading decisions.

And I say the one fifteens assault level until that buyer's gone. Okay. Yeah, that, that buyer was looking at your may low of 1, 17, 12, and he just figured, Hey, I'll just, you know, go down to, uh, to one 15 and back up the truck. So you can use that as support, uh, the pop up to 1 35 and change. Uh, that's going to be resistance if in fact you can rally, I would just be careful again.

Because they might be done or they might say, Hey, everyone, think I'm going to be at one 15. If, if in fact that takes it out and then they pull the bed, it goes one 14 and a half offer everyone's scrambling. And then they do the same thing sometimes. Yeah. Sometimes when a stock's just tank and like that though, it's, it's obviously somebody would take money to be able to buy as many shares.

They did. Like, I, I, we could go back and look at the tape, but I just saw 160, 170,000 trades on that bracket 170. Well, that could have been, you know, coming in some of that volume on that bracket, but big volume. And I tell you a lot of stock trade at that one 15 level. I mean, I, I use that, you know, it's, it's good information, you know, when you can, you know, find iceberg orders on earnings reports, those sometimes turn off of them because it's just got to thank you.

Basically on an earnings report, it's all wide, you know, and you don't have my regular market makers. They're all wide because there's news and they're letting it adjust. So it'd be a one big player here in one big player here. Sometimes the price will just bounce between those two big players. And if you can identify where those big players are, simply by luck reading the tape and looking at your time and sales and looking at the quote window.

Um, you have an edge and last night, anybody who is buying just off that one 15 had a significant edge stocks down 1 26. I'm making 11 bucks. So, I mean, there there's opportunities and tape reading still. You just have to know what you're saying. I'm just going to say, I'm not gonna say anything tat you know, no more time nickels, but fundamentals.

Okay. Uh, this company never did actually produce a vaccine. Right. I don't know if the company ever has second of all, look at the way some, these stocks that are getting treated that came home with vaccines or like, I mean, so the ones that actually have vaccine yeah. Yeah. Look at Pfizer environment for vaccine.

I would just say, you know, if you're looking at this, you know, to buy the dip, I mean, I think I did something on this. This company has a history. I think this went up real high, long time ago on something, but you know, Madonna is way off. I think, I think the vaccine tray. These companies are not being rewarded.

That one that was going to have one doesn't. So hands-on for me, I wouldn't buy this at a hundred. I want to buy it at 90 or 80, 70, 60, 50, 40, or 30. You're telling me, you're telling me you're not a fan, not a fan, not a fan of data. All right, well, let's move on here to the other one or the other. There's a lot moving today.

The one of the other big things getting crushed today that we never talk about on this show is stocks like Brinker, right? Eat, take your restaurant stocks, which we, we talked about restaurants, what we talked about, like, you know, the high flying restaurants, you know, your shake shack, your should probably we didn't, we don't really talk to.

That much, this is the owner of chiles, by the way, if you don't know, there's like Maggiano's, they own like different sit down it's casual dining. Right. Exactly. Exactly. Um, and the reason we don't talk about them is because this study is not very exciting stocks. Well, not so much this morning, uh, because Brinker had earnings, uh, was it last night?

It was last night and they were at so totally brutal. Um, but let me get the numbers here for you and for us. And they weren't, I don't think they were scheduled. Were they? I, you know what, I didn't see them on a schedule. I didn't see them either. That doesn't mean they weren't supposed to. I just did. I didn't, I didn't notice it either.

Um, but, uh, okay. Here's what they said. Um, BA, you know, the revenue actually managed to come in higher, but that's not the point. The point is that their other margins got crushed. Their earnings was a huge miss on the earnings, uh, on the, on the adjusted earnings per share. Um, and then you read your directly from the press release here, um, you know, first quarter delivered positive sales, blah, blah, blah, next, but the COVID surge starting in August exacerbated the industry-wide labor and commodity challenges and impacted our margins.

And bottom line more than we anticipated this from the CEO. Uh, we are responding to these COVID headwinds with increased focus on hiring and retention efforts and working with our partners to gain further stabilization of the supply chain environment. Um, we have taken an immediate incremental pricing action.

So that, you know, they're raising costs as you would expect. Um, but this is, this was an ugly, ugly, ugly report. Uh, and it's not unique to bring her cause really the entire restaurant industry is down this morning. Well, it is unique Eve Brinker is the catalyst. Now, every other restaurant, everybody who owns a restaurant stocks like, oh crap, you know, we didn't consider, we're getting hit.

And Christian Fromm hurts. Maybe said it best on Twitter last night, they're getting hit from both sides. So we talk about, you know, inflation hedges. This is like the anti inflation hedge. If you think about it, because one, they have their food costs escalating on them on this side, and then they have their labor costs escalating.

And then on this side, if they can get the. And, you know, where do you do? Like I was told this story, I think a couple months ago on the show, a friend of a, friend's got a restaurant set, chicken wings, you know, his bag. He gets by the bag. The price of the bag has doubled over what it was a year ago. And he's like, well, why can't I do, I can't double my food prices because I don't want food prices.

People are going to come to my restaurant. So I got to eat it a little bit myself. So the restaurants got to eat it on the food cost increases. It can pass on a little bit, but you can't all of a sudden just double your prices and you know, you've got. Obviously labor issues where if he can even get the labor, but people want to be paid more money than inflationary environment.

So restaurants getting hit from both sides here, Brinker international eat, getting hit from just the south side. Shuttle stock is down 11%. It's one of its biggest moves. This is a stock that doesn't move around a lot. It's one of his biggest moves in a long time. And you know what, it's justifiable and it's funny, you know, that the market just, you know, it's sitting there and maybe it was ahead of it because it has been leaking here for the better part of the year.

But I was just gonna, I was gonna look at that, uh, look at the bottom right chart. I mean, this is a two for one stock split since, uh, since March and I in a roaring bull market. I, like I said, I never pulled the stock up, but I mean, you're heading log into that report. I mean, head and shoulders top there.

You've got the head. You got the. This is, uh, I'll give you the pre-market low as potential support. Uh, 41 70 is a pre-market low. I see a monthly low. And for, you know, if in fact we take that out a monthly low at 40, 66, but this is a multi month downtrend. Doesn't look like it's going to end this month. I think best case scenario for investors is, you know, you go down, you test that $40 area in the next couple of days and you hold it and put a few lows in and then Mount a rally.

But I mean the street, I mean, they've been selling the daylights out of this thing since March so tough. And now you got a whole nother level of people at 48 bucks scratching their head. You know, it's like, oh, if this ever gets back to 48, I'm going to get out. Yesterday's low. Oh, yeah, 48 was yesterday's low, former lower.

The move is 46 63. You can use that as a minor resistance. I, this is not unique to read to these type of casual restaurants though. This is the top. This is any restaurant out there over the weekend. We try to go, we try to go into Starbucks just to get quick, get a coffee, and then go to the store. And we were, oh, for two, it was two Starbucks near us.

And they tell us open w w w one of them, I don't even know if it was not open. There was a line at the drive. This is at nine 30 in the morning. This is all like, you know, there's a line at the drive-thru and no one moved for 10 minutes. So we left and we went to another one and they were just, they were just trying to close.

And this is Starbucks because of the labor. Yeah, I, I P I would assume so, but I don't wanna own Starbucks. They, Saturday morning, you know, at a Starbucks, right? Like that's like prime, Starbucks. Right. You're going to have issues, you know, and this inflationary issues is starting to create problems across industries.

And you're going to have issues of labor shortages on minimum wage paying jobs you will get. And if your business is relying on minimum wage, your business could have some problems. So, I mean, I look at that and think, oh, Starbucks for me then. I mean, let's take it back to eat. Um, there's a lot of peer place here.

We love talking to sympathy. We talked sympathy in our educational event on Saturday, there is a. Of restaurant stocks, I'm talking like there's like 30 out of them out there, but let's go to the direct peer and that is Darden and restaurants. So it would be a direct peer for EA. Yeah. Well, and obviously all of casual dining, so let's stay away from last year.

Check this out, check this out. I want to show you this cool thing. If you don't know how to find like relationships like dentists in Benzinga pro I just went to the details widget and you know, this is your, your details page and I'm on Brinker. We've appears tab on all the restaurants. McDonald's Starbucks, Spoler young Darden, Texas Roadhouse Wingstop, Wendy's Papa John's shake shack, cracker barrel cheesecake factory Jack in the box bloomin' brands, which owns Outback, right Dave and busters.

DineEquity Denny's right there. All right here. And they're all gonna be. Okay. That's an awesome tool right there because you know, I'm always going around. Okay. I kind of have a lot of the names in my head, but you might forget about a few, so it's just great to just get them in front of you and look at what they're doing.

And if you look at what they're doing this morning, you can see a very clear pattern. They're all trading lower. So we've got DRI going to the direct peer train down two and a half percent down, $4. These are big moves for restaurant stocks. Typically don't move around like this. So you're going to see a lot of stocks get hit here this morning.

Um, Chipotle is showing higher, but that was just an odd ventral print. It's actually trading lower, but again, I'm staying away to pull these more fast. So I think you're going to see casual dining hit get hit more than fast food. That's why, you know, you look at like a Texas Roadhouse, which has kind of casual dining.

That's getting hit here this morning. Um, obviously T XRA. Yeah. Um, you know, you've mentioned the cake CA K that's trained three and a half percent this morning, more casual dining, more kind of a direct peer there. So think about those ones. Those are the ones that are going to hit the most. Are they going to just bounce right back?

Well, that's to be determined, but eat will be your leader here today. So if eat starts to show some life, maybe some of these other players show some life here too, but there's going to be a lot of restaurant stocks that are going to get hit this morning. Somebody asking about Wingstop Wingstop is actually offered down this.

So it might get hit a bet again. Um, I it's Wingstop fast food. Like when Wingstop, when you go in the narrow, those sit down restaurants, I've never been a fast casual. I would call it. Cause sometimes they have like wins. Take out. If you're a big takeout thing, it might be different. I'm not sure. No, because we're not talking about demand, Dennis, we're talking about input costs, right?

We're talking about, uh, commodity costs and labor costs right now. I be scared owning any restaurant right now at restaurant stocks. I don't think, I think there's better places for your money. And you think of what the run, some of these have held up very, very well, even like, like, you know, some, some of the big ones have held up well, too, so, but like you were saying Starbucks.

I mean, you know, Starbucks is not far off its 52 week high it's 10% off it's 52 week high. But you think about where it was a year ago, $70, 113. I mean, if all of a sudden they're having labor shortages. Well, that's, I, I highly doubt that's I don't hear that happening. I think it might be a unique to your area.

Maybe I hope because I'm not hearing any of that, but I mean, if that is happening your way early on that, I can't see, you know, closing stores because the demand is there. They don't have a demand problem, which is a good thing. They don't have a demand problem. What they have is obviously a problem, a labor problem.

And I think you're going to see this across different industries that rely on minimum wage. People don't want to work for 12, 14, 15 bucks an hour. They can see the cost of living going up, up, up, up, and they're just like, no, it's not worth it to me. So, I mean, there's going to be trouble. Obviously your teenagers will always be able to work, but you know, you get your managers, you know, where, you know, it's going to be a little bit tricky.

So for someone else, we went out on Sunday night to a normal sized restaurant and, uh, uh, Jim, Jim Brandy's, is that what it's called? Yeah, no normal size restaurant. Um, they had three weights that three weight waitresses for the entire restaurant avid behind our waitresses behind us. There was a party of eight and they were like, we're not going to see you.

Like we have the, we have the room, but we're not going to cause we can't see, we can't serve you. We can't wait on a party of the eight or three people for the whole. Like we just can't, we can't deal with that right now. So they turned them away like, wow world, are we in? Like, you know, it's not a huge restaurant, but it's not tiny.

It's like a normal sized restaurant. And, uh, and it, you know, maybe, maybe, uh, lone piggy and cob. Right. I think so we got to start investing in more automation here because we need the robo waitress, you know, but with, McDonald's think about your order-taker, they've got those kiosks where you just type in your own order now.

So you are seeing automation take away a few of those jobs. Automation is going to have to come and save the day on a lot of this stuff, because you know, a lot, a lot of these people aren't coming back to these $15 an hour jobs or $12, what's been on wage. And like what's been wage in Michigan. Do we know, do you know off the top of your head, the minimum wage is one is one thing, but, well, I don't know what the dollar amount is.

I think it's like $16 in Ontario. What is an admission on the. Uh, for this, I Starbucks the one at 12 and Northwest, I buy it three or four times Dennis. And the thing is it's still it's, it's still $9 real estate for you all Starbucks investors. I keep an eye on one 10. I mean, this has been yeah, 1 0 9 41, 1 0 8 88 went away 2110.

I was not even anywhere near today, but if it takes out that one 10, I think you got a quick date with a hundred and HASCO coffee is fantastic. I don't know why you'd pay five bucks. I go long Costco coffee, short Starbucks for if you could just do the Costco card, the McDonald's coffee, the best coffee too.

Is that like sacrilegious and Canada is safe. Tim. I know like a lot of people hate me because I keep saying that, you know, I hate Tim Horton's food. I think it's the worst food in the world, but it's the smartest business model. Because even though I hate him, I don't drink coffee and I don't like the food, but somehow I still spend money there.

I can't figure out how so their genius marketing and their systems are just awesome. But I, on every corner it's out of convenience. The kids are chatting donut, you know, you go in there and then he grabbed something else. Oh, unbelievable. Yeah. Anyway, the minimum wage is 9 87 in Michigan. So that's what you can box on paper.

But in reality, it's more than that because no, no one was working for that right now. So if they put the on to work for that add yesterday and the radio, Amazon here is paying 22 an hour justice. Great great for the worker. Um, is it great for the worker though? Because I mean, even though you're seeing, oh yeah, they're getting paid more money.

Everything that they're buying is costing them way more money, but it's not to the same extent. People think it's way too. The same way. I know don't no, I don't. People complaining about like $20, big Macs. That's not going to no. Oh, I don't think we're going to $20, but I would hope we're not going to have a $20 big Macs.

We got major problems. No, you, you, you, you, you increase your big max by a nickel. Do you ha do you know how much more that a Nicole is enough to cover? Well, I don't know if that's true. If I compare Chick-fil-A Chick-fil-A sandwich used to be about six, six something, a combo nine something. Hi, there is, there is fine.

We'll give you that. I'll give you that it's bigger than you think in the food and the. I I'll give you, it's not a nickel, but it's also been not going to be something that I don't think they're going to $20, big Macs. I don't think grown to $10, big Macs, but can they go to $5 bucks? What's a big Mac right now.

The big Mac

3 99. Okay. I have no, I don't eat McDonald's very often. And my kids do, but I never, I try not to even order food. Okay. Okay. Fine. The chat's all over me for this thing. Ivan says he just paid $4 for a large fries at McDonald's. So, okay. Find your jacket. This is a big max, 4 98. Now is that right? Five bucks.

Remember we used to get like nine, 9 cent, big Macs, Joel. And he'd see how many he could eat. Remember that like 29. I used to get free. You know, they used to do that promotion. If you could say two, all beef patties, pesticides, lettuce, cheese, pickles, onions, and assisted me, bud. If you could say that without messing it up within like five seconds, you would get a free, big Mac.

That was an old, that was an old promotion. Probably only easy. Mike probably remembers that. Yeah. Hey, let's talk about some, some other trade ideas we talk with. Yeah, we, we, we, we didn't get to UAL. Maybe we'll cover that later, but that's okay. Let's put on CAC lag tour from opt-in to AI. Cause he's always got ideas for us around it running.

He sees season because he's an options guy and earnings calls. Volatility CC you. Good morning. Good morning. Can you hear me? We can hear you. We can see you. How are you doing today? Good. Great, great, good, good to hear from you. Good to see you. What's what have you been, uh, uh, looking well, looking at out there?

Well, um, obviously the Netflix earnings last night was very interesting. It was, and it was sort of a classic example and I think it was, um, you know, I think maybe Dennis was talking earlier about it. Just, you know, it going up after hours and going down and getting bought it, getting sold and it's sort of a classic example of.

You know, the difficulty of owning options premium into an earnings, you know, like we had that expected move at about 5% and you know what, I, I haven't checked it in a few minutes, but you know, it was down about 2% earlier, which means, you know, like owning options into an event like that. Uh, you know, the options when they opened this morning and they're probably going to be down about 30% in implied volatility or something like that.

And you know, what we talk about when we talk about the expected move and options, AI is that's essentially the, the, um, realization of that implied volatility. It's a way for equity, traders and options, traders, to understand what, what that's implying. And, and so if I percent move in Netflix, that's down only 2%.

Basically anybody that was short option premium is basically a winner. And anybody that was long option premium was a really, you know, if you were bearish where if you were, um, you know, owned puts, you're probably right on the edge of, you know, you're fighting for your life with the stock only down 2%.

So it's a really good lesson of, you know, why, you know, you have to be careful going into an earnings event with options and you know, the various ways. And when I say that, I mean long options. Now there's plenty of ways where you can position, you know, sh credit spreads. If you're bullish, you can be, you know, um, short of credit put-spread, if you're bearish, you can be shorter, uh, credit call spread, you know, that protects you against that kind of situation like Netflix.

Um, even if you were bearish and you want it to be long pre. You know, if you had bought the, at the money puts and sold a put at the expected move, which was down 5%, you're probably, you know, you might be up a little bit, uh, this morning on a trade like that. But if you just bought a straight put in Netflix today, despite getting the direction, right, you probably are going to be, you know, fighting for your life on that trip.

So that's something where, you know, when we talk about the expected move at options, AI, you know, we that's exactly. Netflix is an exact, um, you know, it can seem like magic sometimes and the stock will move 5% and you're like, that's magic. But really what the best way to think about something like that is that's the break, even of options.

That's what options have priced. And anytime it moves inside of that options were overpriced. And then anytime it busts through that expect to move options were under. So you see, it seems like the same theme. You know, this isn't a unique to Netflix. This is unique to, it seems like most of earning stocks going into these earnings is that they have a real struggle to get through those expected moves.

And sometimes they turn right on those expected moves too. So like I was just saying, you know, you get, you know, one side and one side while, you know, if you got the big open interest or you've got the expected move, it kind of, you know, tries to cap it over here and tries to bottom it over there. Is this just go to Italia again, that it's more money being made, selling options and buying options.

Yeah, well, definitely the math is in your favor going into earnings. Um, you know, you're going to get a compression in, in an environment like this, where, you know, the fixes and the, the mid-teens, um, you know, you're probably most of these earnings, the, the implied volatility after earnings is going to come in 25, 30%.

But, you know, in crazy markets where, you know, volatility is really pumped. You can see that as much as like options premium can get happed after earnings and Dennis, what you're talking about is very interesting because, you know, everybody's sort of looking at these options, um, you know, especially institutionally the same way into an earnings event like that, and that buy the dip, sell the rip that you're seeing actually.

You know, if people are long, you know, a lot of that can be effected by options, uh, positioning. And so, you know, especially after hours, when the equity markets are thin, you know, somebody sitting there with a book of a lot of gamma selling that, you know, rip and buying that dip is them scalping stock against their, you know, I was just going to say that if you're long, any of those calls and Netflix yesterday, you know, let's say you took a flyer.

I mean, where was it trading at six 40. Maybe right around there. I mean, you take your, you know, your long up a call from six thirty five. I mean, your, you gotta not, you, you sell it, you sell it at six feet. I could actually, those kinds of moves and stocks like that, I'm just thinking, wow, there are all these sellers, it's 6 46, 39, the all-time high.

Now you traded at a premium to that. What about all the people that wanted out at six 40? And they're like, get, get 10,000 out there, get 20,000 out there, get 50,000 out there. And when the thing's like six 50, they're putting orders in at 6 45. They're just trying to get done. And then on the downside, you have the same people that, that have the port.

So a lot of times the stocks they'll trade like that today. But then they'll release after a day or two or even Monday when the options are off the board. So it's an interesting dynamic by the time. And I think, you know, you were mentioning Joe, when you were talking about Netflix before, you know, when you were mentioning like six 20 support, you know, a lot of people are looking at those same levels, right?

They're positioning options. You know, some people might be buying puts down at that level because they're long Netflix stock. They're like ours, that's the point at which, you know, I want protection because if it breaks, there could be trouble, you know, things like that. And that, that provides an opportunity.

You know, if you are bullish Netflix and you know, and, and I, I want to share a screen and sort of show, um, so the, oh, there we go.

So basically, you know, this is a chart. Can you all see me? Yup. Yup. All right. So this is an options AI chart in Netflix, and you know, like what we were talking about earlier with the six 20 line, you know, that's essentially, uh, a level of support and what we can do is this is actually something cool and new on options.

AI is you can select like a support and resistance mode and then take, you know, the stock down to the six 20 level, and basically what this does. And then you know, that you can sort of pick an expiration here. Let's say, you know, around 6, 22 or something like that, and this will create some credit put spreads to low.

And so basically what's happening here is, you know, from what Joel was saying is like, you know, I'm a buyer at six 20, or at least I'm, you know, I'm thinking that it's going to find support there. You know, that this will allow you in the options market to sell a credit, put spread down there with a very easy to understand risk reward of, you know, if, as long as Netflix doesn't go down below six 20, I think I have a 6 25 in this case, but, you know, that's the risk reward of selling that put-spread at that level.

So, you know, that's something we talk about in, you know, with options is that there's more than one way to, you know, to basically position like, and a lot of times it's not, it doesn't necessarily have to be, you know, I want to be long calls and long puts and even long, you know, debit call spreads and debit put spreads, as you can position saying, I think Netflix won't go beneath.

Uh, TC, can we look at like another one that okay. Like Tesla tonight, for example? Yeah. So Tesla, you know, like looking at it right now, we can see that it's priced options are pricing about a 4% move. And, you know, with the stock trading 8 65, that's about eight 30 and 900 in the stock. Now the fact that it's lining up with 900 as an expected move is very interesting because you know, how many people in the equity are looking at 900 in Tesla, everybody probably.

Right. And the options market has a way of doing that where, you know, it's now pricing, its expected move at 900. And so the way I would look at this as a trader is, you know, if I was bullish in Netflix or in Tesla, I'm sorry. Um, you know, I would be looking to position in a way where it's buying something closer to the money and selling options at 900, right?

What are the chances that Netflix rips through or Tesla rips through 900? You know, probably not that great, less than 25% probably. And so in that case, what you're doing is you're, you're basically positioning and this is a debit call spread and 8 65, 900 debit call spread, you know, risking about 1300 to make 2200.

If Tesla goes up to 900, and what you're doing is you're allowing the options market to help you finance, being bullish and Tesla, and creating a breakeven much closer to where the stock is traded. You know, if you just went out right, and we're buying calls, you know, you're, you're basically needed to go through 900 to make money, you know, especially based on what we talked about earlier with the collapse in volatility afterwards.

And so this gives you a chance you're, you're selling to all of these people buying 900. They have a very low probability of being right at Tessa going through 900. Now it may happen. There's like a 25% chance that could happen, but you know, it's more, um, you know, like hitting doubles then looking for the home run.

Is this how you approach most of your trades when you're coming? I usually sell an option CC or, yeah. So I would, you know, I think like a really good way to look at options is if you are net flat premium, you know, when you're, when you're directional, let's say, you know, there's a stock you like, and it's, it's just gotten beaten up and it's down 10%, you know, buying a, um, a call spread to the upside and, you know, pain premium.

But I, you know, I would very rarely just be long, a call or long a put, right. You know, I wouldn't, I wouldn't want to take what the market's giving me and turn that into at least a debit card. As far as like general strategy, you know, like there's things like, um, Condors, you know, like selling premium for income there's if I'm bullish in, um, a stock, you know, a credit put-spread, that's slightly out of the money might be a way, you know, like sort of what we were talking about in Netflix earlier.

So I think those are the ways to think about it is that like your sort of net, when I was a market maker, it was sort of, you know, I think we would lean net short premium, right. Just because it was like, um, it was, there's nothing worse than being long premium and coming in every morning and having to make up that money in.

Right. And it felt like death by a thousand cuts. And what market makers generally do is leaning short premium. And, you know, and I think that's a good rule of thumb for retail traders is to at least be as close to flat premium as possible. And what that means is if you have 10 trades out. You know, make it be, you know, five debit spreads and five credit spreads be, you know, somewhere around there.

And you know, the, and then you have to look at the probability of profit of all of these trades. So, you know, like I would say the probability of profit of a credit put-spread that is, um, 85%. Like we call that, um, you have to be careful, we call that like picking up pennies off the train tracks, right?

Yeah. So if somebody had a portfolio, if I could look at somebody's 10 options trades and their net probability of profit on all those trades was near 90%, I would be like, you have to be. Right. Because if the market goes crazy, you're going to be losing $90 to try to make 10. Right. So that's also that probability of profits, somewhere in there around that 50% level is probably like a very, you know, like a, a good place to be.

If you've got, you know, 10 options trades on. Awesome. I love those charts. It's awesome. That's not how most options information is conveyed. You know, the, the options chain is, is a lot a lot going on there. Uh, that's a very visual way of I'm a visual person, so yeah. And the way we look at it as it's trading in context, right?

When you go to that options chain, you, you it's like a vertigo right up is down, down is up. You don't know where you are in the stock. And like, you know, You know, your show is basically looking at charts all the time, looking at support, looking at resistance, how much is this stuck in to move? That's how most people think.

And that's how people should think in options as well. Question for you. How do you anticipate volatility crushed during earnings? Uh, I'm asking because I'm looking for stocks with a negative 10% volatility crushed. Do you have a, a scanner or how do you do there are a couple of services out there. Like I know for off the top of my head, there's like, oh, rats, there's a bunch there.

I would say the general rule of thumb in a market like this is you could look to about 25 or 30%, uh, Bob crush. Now it's dependent on the stock if somebody, if it's a really uncertain event, but just, it's interesting. Just looking at these Netflix and Tesla expected, moves, like the fact that Tesla's only 400.

Means that that is historically much lower volatility than a normal Tesla earnings event. And, um, one thing we have with, um, options, AIS, people can go to the options, AI earnings calendar, and it's free to use, and you can search any stock you want. And what that will show is the expected move for every stock.

Um, and it should be like tools dot options, ai.com. And it'll show you the expected move in all of these earnings. And then it will show you what it's done, like the last four earnings and how much it moved. And that's a pretty useful thing. Like, you know, the past isn't, you know, it doesn't say a ton about the present, but you can kind of get a sense sometimes when you look at those, like, you know, you see one outlier that, uh, a stock move 15%, like three quarters ago, but then the other couple of moves have been 4%.

Options are kind of tend to balance between that outlier move and then the more common move and that more common move is more likely to happen again, if that makes sense. So sometimes options can get it wrong because they're still pricing some crazy move that happened three earnings ago, and you can kind of see it on that calendar.

It's very interesting. CC lagging tour, a Twitter handle and options learn options. AI is his platform. CC always a pleasure, man. Thanks for that. Great to see you guys again. Great to see you on that man. That guy knows his, his stuff. There is one of our best guests, like just to break that down, you know, I love those charts.

I mean, so many people, you know, just coming and taking flyers, I'm going to buy calls the same. It's going to go to the moon and he's telling you typically doesn't happen. And those expected moves often do cap it. And I mean, if you're trading at these earnings events, it's good to know those expected news because an and an expected move just for newer traders there, you just out of the calls, the putts, if you want to get it quickly.

So you look, yeah, you look at the close strike and then you add up the calls and the putts. So like for instance, on Tesla right now, if you wanted to know, he could go to like the 8 65 weeklies and just, uh, out of the call premium premium from the eight sixty five and you'll get the expected. Um, there's another website.

You can use that if you don't want to do all that math, there's not a lot of math. I could teach my seven year old to do that. All right. Fair enough. Fair enough. I was going to, I was going to show, show people a shortcut, but don't forget it. It's still involved. My shortcut still involves math anyway. So, you know, if you don't like math, it's hard to be a trader though.

Okay. Uh, we got, we got 10 minutes. Take your time quick. Before we do that though. Quick PSA. There are some people asking me that BBI G on top of the show, we're going to talk to Ted Farnsworth, the CEO of zap or the co-founder of dash today at 12:15 PM. Eastern time on the power hour, myself and Aaron Bree.

So, uh, we're going to clear off the confusion with 10 himself. Excellent. At 12:15 PM today. So in three and a half hours from now, we're going to. And, and, you know, I've had multiple people sending me Twitter hate here this morning. Cause uh, last night stock comes out with an sec filing and tanks. Like, I mean, it goes all the way down to can bring up the church older, like $5 and 85 cents.

You know, I'm lucky and people asking what's going on with BBI G and I'm going to looking, I look at the sec filings and the sec filings as a CEO and CFO resigned. It was also said on multiple news services as well. Everybody's telling me this was a planned event. I don't know anything about that. I'm just telling you why it was getting hit last night.

It was getting hit because the algos, we know news algos don't dig into the details. They just look right there. So it got hit down last night, significantly. Um, catchy published an article after that. A lot of people given the hate on that. Um, but you know, the reason why it was getting hit really hard last night was the way that was in the sec filing.

I don't know if it was planned. I don't know if it was it wasn't planned. They're telling me it was planned. Apparently the CEO. And we're going to find out we're having the CFO. It's it's a complicated corporate structure, but it's the co-founder of like the, the sister company they're doing a spinoff or something.

I don't follow the company closely. I tweet out lots of news. So I tweeted out last night, tweet out, lots of, you know, right away. You can see, you know, stock straight down 25%. You're like, okay, well what's going on there? So there's an sec filing coinciding when the stock started to fall. So you go read the sec file and you see the resignations in there and you can get the reason fairly quickly.

So whether the news algos have misinterpreted this, I do not know stock is still trading down 12%. I'll limit my comments there though, because, um, when you give an opinion on a stock like this, and everybody hates you, if you're. Yeah, so I have no opinion on, so the takeaway there is 12, 15:00 PM today. My son find out from the CFO.

Well, no, from the co-founder of zap, which is like the parent company. Um, and so we'll talk about this. Uh, I will say that a lot of people are saying, you know, after Kathy's article, the stock fell on that article, the stock fell 25 minutes before that article was published. So the stock fell on the sec filing.

It did not fall on the article that came out 25 minutes. Stock had already traded down at bottomed. While before that article Bravo, Moe, 1982 is asking about Alta. We did hit on that earlier in the show briefly, he's looking for an entry though. Joel, in you LTA, uh, I mean, this is, this is the one day. I mean, this was the first day of the move.

I think he got to let things settle. Um, I been looking at D I mentioned this before there's is a higher price stock. I'm looking at this whole 3 55 to 360 area as potential support. You're kind of bouncing off, but what you got to think about is stocks like this. He said there's still a lot of people sitting on a lot of profits.

So from yesterday. Yeah. Or losses from your, yeah, our losses from yesterday. So they did the company just come out and tell you, give you bad news. Yes. Yep, right? Yep. Yeah. So, um, I'd be careful on that one. As far as an at least let the dust settle for a couple of days. What about United here? UAL? They had the earnings, they were last night.

All these airlines are kind of in the same to me. Um, the earnings are what they are. They're still not making any money, but they're all in the same exact boat. Uh, we're still not back to where we were before. COVID, but we've come a long ways back from where we were the last year. You know what the thing scares me about UAE.

They're expanding. They're like they're spending money. I mean, they're, they're looking, they're looking to expand. So yeah,

one more thing on maybe the chat or Dennis Johnson helped me out. I don't remember any airlines ever specifically giving guidance for how much they're going to pay for fuel. Maybe they do. I don't remember it. UAL did that last night. They actually came out and said, we expect, we expect in the current quarter, this quarter Q4, we expect to pay 2 39 a gallon for our fuel.

Um, I know, is that reasonable? Well, I don't, that's the thing. I don't know. Obviously you paying for a gallon. No, no, no. That's an apples and potatoes. I fill my car up every three weeks. What is it? What is it though? In Michigan? I don't know. We're at all time highs. We're like four liter, four bucks. Sounds, sounds reading.

Or how the heck did they get it for two 50? Because it's a different fuel. Dennis. That's slightly different. It's different. But the point is, I don't know if that's reasonable for jet fuel. Like I have no idea if that's higher, low. I don't remember them ever. I don't remember any airlines ever say giving guidance on their fuel costs.

Maybe this is a normal thing. Um, I just don't remember them had that happening. Okay. Let's look up a chart for UAL. Yeah, man. It, it had that big run up. It's lost half of the move. I mean, you had a spike up a spike down. I would just figure this level right here. And if it could get back above 47, 75, 48 and hold, then you have an expectation for it.

Going back up to this $52 area. If not, you got some work to do on the downside, a important level to keep an eye on 46, 10 was your low back on the 23rd and 46 0 8 is your low, uh, from yesterday. So 46 to 48, the see which way it decides to go. Yeah. Everyone was saying that, you know, cause they buy in bulk.

They're getting locked into a certain price. Maybe that's true. I, but I just don't remember seeing that as a line item before. Maybe they do. I just, maybe I don't look at the releases enough on the airlines. Maybe that is normal. I just didn't know. I, I didn't see it. So let's move on here. Uh, Martin just dropped a couple of tickers in there.

Uh, Coinbase and Verizon, Verizon also had an earnings. They were this morning, I believe during the show. And it's look at the numbers. EPS beat sales, myths guidance for the fiscal year coming in a little bit light. I know it's in line. Well, they gave it it's in line. They're in line with our ups guidance there.

Uh, uh, they beat on their EPS for the last quarter. Their sales for the last quarter came in a little bit light and, uh, what's the stock doing? It's all. I can't hate a stock more than Verizon, just my opinion. Um, you're getting a nice pop. It's a nice $2 pop from where it was four days ago. It's giving half of the losses.

I don't even care what the report looks like. I just think it's not the kind of stock I want to own in this inflationary environment. So no low growth company where you're in it for a 4.8% dividend I pass. So just my opinion, but I don't like Verizon at all. Uh, 53 20 is your pre-market high that right around your October 11th high at 53, 20 53 twenties, a pre-market high 53, 29.

That's a cell zone for now. If it could somehow bust through that area and keep going and gets more room on the upside. But the fact that the pre-market high and the daily high, um, coincide, uh, that's a good level. And then, um, just real quick, I'm going to hop off here, but, uh, like every day, um, people are signing up for pre-market info on marketing.

And that's not a product. What you guys want to do is sign up for pre-market prep.com. That's the site pre-market prep plus. So go, you could go to the site. That's where I do the nine to nine 30 show. So if you're listening to this and you've signed up for that microphone product, that that's not a product, it doesn't exist.

It doesn't go anywhere. So instead I'd go to pre-market prep.com. So I'm going to hop over there and cover some symbols. Spencer, I'll talk to you later on, uh, one more thing I want to hit on before we wrap it up with, uh, is, is Facebook Dennis, did you see the Facebook news, Angie and their name? What is it?

This Facebook's pulling a Google is what they're doing. Why they're pulling a Google. They, you remember how in 2015 Google, we're not just a search engine. We're, we're more than a search engine. We are, we're a phone company. We're an operating system. We're doing some crazy futuristic stuff. Uh, we're going to change our name to alphabet.

Um, Facebook is doing the exact same thing. They want to be known. Not just for facebook.com. They want to be known for the metaverse and for all the other things. So they're going to change their name. Um, we should all, we should start a pool as to what the name change will be and whether or not I say didn't they say there wasn't then they say the name.

I thought I saw it. No, no, no, no. I did. I saw by this morning. No, he didn't. No, he didn't Facebook game change. I did. They didn't, they haven't announced it. I thought they, no stop. I saw something going by. Oh, no, it just saying, okay, sorry. They're just saying they're going to change the name. Why are they going to change the name or the name of the platform?

Or just change the company? So it doesn't mean anything, but. I mean, why do these companies, these good companies want to change their names? Cause they want to be known for more than just what they're known for. Right? So Google didn't want to be their alphabet, but everybody calls them Google. They still have the Google because Google, nobody calls Google alphabet.

Even though I type in, it says it's alphabet. Somebody says, well, what's alphabet doing, I don't even know what they're talking about. It's Google. It'll always be called Facebook, changing the names. People just, I hate change. I'm one of those anti-change people I think. So. I don't like it to change. Chad's got some good ones.

Here are some of the verticals, Zucker verse. You want to look at coin Coinbase. Yeah. Wholly Zuckerberg, Coinbase. Coinbase might be, this is an incredible move. And I mean, if you're buying it now you're in total chase mode and we know chasing has not worked in this environment, but it has worked in this stock for the last three or four days.

I don't know where it reverses. You get back down to that 200. I would be a buyer at two 80. I'm not going to be a buyer at 3 0 6. I like the stock. I just don't like the move. I need a dip to buy next. How fast, how do you feel about the Bitcoin futures, ETF being a top in event? No. No, I don't think so. You know why?

Cause we've been climbing up slowly and you're getting more people interested. I actually don't think it's going to be a topic. We started that live was topping event. The big point ETF is something that, you know, obviously we talked about for awhile and we're not fully out of full ETF yet. Um, I'm still long Bitcoin.

I'm still long. Ethereum. I'm still long high blockchain from our friend Frank Holmes. Those are my three Bitcoin positions. We can't go a day without talking about Alibaba. So let's talk about. Let's just, you know, we talked about three days ago, I was basing to break out it did. I think we talked about it, you know, and obviously I had a couple more days of basing and now it has broken out.

Um, Alibaba has bottomed and obviously kind of like capital 20, 20. We actually called it on that saying the one 40 was a nice setup. I wish I would have bought more. I did not. I still have my long position. I think on pullbacks, you're looking to get into these stocks. I think that the China stocks have bottomed here as well.

I mean, we've had a wicked rally in the FXI. I can't come in buying at 40 points higher than it was 10 trading sessions ago. So I'm not chasing it. Um, I'd be waiting for a dip. It would've been good three or four days ago when we talked about, on the show saying this is consolidation and this could go again.

We're right on that. And obviously I'm stocks up almost 10 bucks. And where we talked about just a couple days ago. Yeah. Pretty crazy. Now it's gone. Hi John saying, I call it. Thanks John. Hindsight's 20, 20 a few people in the chat box. My drops. No, I'm not going to buy them K way. I began I'm I enough. I mean, I, there are other places for my money than, than this just yeah.

And I'm not, I'm not heavily invested in China. We know that I have a little bit of Ali Baba and I've, you know, on pullbacks here. When I get a little more exposure to China, maybe it's still a lot of unknowns there though. Okay. That's talking long-term hat. Yes. You also starting today. We'll be able to trade, uh, we work that's back conversions happening.

So we're gonna be on that skin. It's going to be a weed WWII. It's not live yet

WWII or the SPAC conversions happening today. So it's what is it? It's like B O WX. I think it's B O X. It's still true today, pro X, but it's going to become we today. So I'm sure the topic of Warren's backslash. So you'll have that to trade, which is, which is always fun. Okay. All right, Dennis, have a good day, sir.

We'll catch you tomorrow. Um, just a couple of quick notes before I hop off here, and then they're going to do live training as, as we do every Wednesday. There's a Friday, um, on the earnings calendar for tonight. We've got Tesla. We talked about that. We've got IBM, we've got Las Vegas sands. Those are probably the big three from my calendar here.

Tesla, Las Vegas sands. IBM. Yeah, those are kind of the three of them interest me. So, uh, we're going to be watching those today. Didn't they hit on all the stocks. Didn't hit on a Biogen. Didn't hit on Abbott labs. Um, that was the break. So a real quick programming note for today, we've got a lot going on on the interviews front.

So we're gonna do a live trading until 11 back to tackle start or on toes hacker dispatch stack, we'll start at 11. Uh, they have to interview stands back stack, um, and we've, and from there, we're going right to back-to-back interviews on power hour, which is where the, the, the, the Ted Farnsworth interview will be.

Uh, I'll be on this channel. Each video will redirect to the next one. Um, We've got four interviews and like a hour span on the channel today. We've got a, I made a photo. He was a chairman and CEO of, uh, inter private and Andre attorney. If you don't know, uh, aspiration, uh, this is one of these neobanks. If you don't know what a neobank is, it's basically, there's an entire class of new startups out there that are basically startup banks and their whole deal is that they don't charge fees.

And they're really consumer friendly. There's, there's probably about a dozen or so in the U S and aspirations going public via SBACK. And they're probably the third or fourth largest, uh, Neo bank in the U S but there's neobanks all over the world and Europe and, and, and, and, uh, Latin America as well. I believe so.

Uh, that's the first one. And then, uh, Matt Higgins from, um, channel will be on backstage 8 45 today. So that'll be exciting. OCA is the ticker there. Um, so we've got a lot going on today. How we doing on the like front we are? Oh, elite training. I almost forgot. I'm sorry. Elite trading. Jessica Kaylor will be on at one o'clock with me and a lunar bust.

We'll follow it to Joel. And I will be back at three 30 and then we're going to do the same thing we did yesterday for earnings. We're just going to hang out after the close. Um, after four o'clock myself and Mitch we'll we'll live stream. Uh, the Tesla earnings test is usually out like later on though, I think.

Right. We're gonna have to figure that out. I think Tesla usually reports let's look up and they usually report as far as time we can do that in the pro by looking at past. Um, past reports. So Tesla usually reports earnings. Oh, last quarter. They were at a four or five. So that's cool. Um, okay. So maybe they won't be hot sometimes they're at super late, but I guess four or five is the reason why.

So we'll talk about the earnings as they come in. After the close today, we'll do that. We'll just kind of hang out and that'll be our last show of the day. So all that being said, uh, everyone please hit that like button we're a 311. I'd appreciate a little bit more. As a reminder, today's show brought to you by masterworks masterworks.io is your link.

It is in the description. It is also pinned to the top of the YouTube chat it's been there. The entirety of today's show, um, this isn't a platform of democratizing. If you want to diversify away from stocks away from crypto. Um, as far as I, I know masterworks is the only platform you can invest in art and, um, they're worth a billion dollars.

So there's clearly some demand there for, for this asset class. Um, and, uh, it's a pretty, pretty, pretty fast growing company. And maybe we'll have him on the show one of these days, but, uh, there, there is Lincoln chat and description, uh, thanks to CC laggard whore for coming on the show today. Thanks to all of you in the chat.

Uh, the people that are nice and people that are mean, and you can, you're gonna meet me and my, they, they mind, I don't, I don't really mind if you're, if you're me just don't be too mean. Um, that's a wrap and, uh, yup. Jesse elite trading. I'll see you at one o'clock man or the chat. If you ever want to come on our show, come on on a stream.

Do you have any feedback for us? Email us guys [e-mail]. I put the email on the screen right now. Where's the email. Yeah, I lost it. Whatever I lost, it shows dot com. Email us questions, comments, concerns. And while you're there, check out Benzinga pro pro DOP. Oh, there is. There it is. Pro it shows up it's going to come.

And then, uh, Ben think a pro pro.benzinga.com. Get a free two week trial. Use the code YouTube 20 to get 20% off your subscription. But also again, the free two week trial can trust it enough, no credit card. No, no hassle, nothing just free to week trial pro.benzinga.com. Uh, all right. Live training will start in about five minutes.

I'm going to hop off everyone. Good luck at the open stay green and, uh, catch you later.

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