 Welcome trade hackers welcome to today's video update today's Wednesday, June 3rd Starting with the trade hacker question of the day. How do I get approved for options trading permission from my broker? I've been getting this a lot lately this question by in the community and by email partly because TD Ameritrade for example has become more and more strict on their options trading permission Typically, you're automatically granted the ability to buy puts and calls You got to apply for a little bit higher level of permission to trade Defined risk spreads like vertical spreads iron condors and then you have to apply for an even higher permission level what they call tier 3 to trade uncovered options short strangles short calls short straddles all that good stuff, so We trade all those at navigation trading and so we always encourage our members to apply for the highest possible permission available Even if you're not going to use it right away Make sure you apply for it now. Some people are applying for it when they open a new account and they're getting denied TD Ameritrade has they've become more and more strict over the years But most recently as the volatility in the market has picked up They've gotten even more strict due to the perceived risk of their brokerage firm So they're they're getting more strict on applications for this and so What can a new subscriber do to get this options trading permission? Well, we've got a blog post and a video on our blog Just go to blog that navigation trading comm anything that you can think of just search in the search bar So just search permission For example, and that's gonna pop up this blog post how to get approved for options trading permission And there's some detailed Information in this video about how to do it what they're looking for is they want to see Experience trading options and you might say well, how am I supposed to get experience if I don't have permission good question This is a stupid rule by the brokerage is not to allow you to get permission anyway, but there are some ways around it there are some options trading kind of I Guess call them courses on TD's website. You can go through that send that to him say hey here I passed I took this training. Please approve me it has to do so it has to do with experience and Perceived knowledge of options trading obviously mentioned navigation trading say that you're part of a group We teach options trading that can help a second financials, you know the the more net worth the more assets that you can show or Note that you have on the application the better chance you have of getting approved net worth cash flow Experience and then what you put on your profile as your kind of investment investor profile Are you a conservative investor? If you put down your conservative investor, they're probably not going to approve you You've got to be looking at growth or speculation those types of things That's what they're looking for but more details in this video if you are having troubles or you've had troubles in the past Check it out. We've had really good success with some of our members Following these steps and then and then finally getting approved for that options trading permission So make sure you check that out as well as any other thing that you can think of just search on the blog And there's a ton of good info on a lot of different topics in there. All right Let's go to the platform take a look at what's happening in the market I mean that's some piece only at 40 now the bell just rang about six minutes ago was about 50 plus But still just a big move in stocks, right? I mean on top of this run that we've seen since March just continuing that climb higher and You know, I mean that the obviously the Fed actions the stimulus is doing what it wanted The question is how long will last and I know been kind of a broken record on this Over the last couple months, but it's still a question, right? I mean this thing just keeps going higher in the face of all the adversity going on and You know at some point it is going to come undone now I'm not saying we're gonna crash But I do still think that we're gonna go below the March lows And so we'll see if that happens now if you look at the NASDAQ. I mean the NASDAQ is I mean It's it's it's nearing all-time highs again. So tech has been extremely strong. Here's the all-time high 97 63 and We're at about 96 88 so pretty close S&Ps not as close take a look at that. We've recovered about 70 percent from the from the very top in the S&Ps Russell is even further away than that About 50 percent of the gains. So we've been talking about this a little bit But there's really three things driving this market and the kind of the big major swings that you're seeing on a day-to-day basis We've got travel, right? We've got Expedia up 5% today. We've got Delta Airlines up 7% today So, you know, if you look at booking calm the old price line up 4% So all the travel stuff is having a heyday today, right? So that's just a sector that has we've been seeing big swings in both up and down Second sector tech now tech is actually the lagger today. I mean if you look at the NASDAQ It's only up it's up less than one half of a percent where the S&Ps up 1.3 Dows up over 2 and Russell leading the way up 2.3 percent So tech is definitely definitely lagging and if you look at some of the big tech names Facebook's down Google's down Look at some of the others here Intel is down Netflix is down Nvidia is down Qualcomm Roku all down in in fact, I'm gonna look at Roku down sizable over 6% so tech not Pushing and that's to me. That's a good. That's a good sign for For the downside of the market. I mean, I've been saying, you know once once tech turns and starts to go down I think that's gonna drag the rest of the market with it a Tech makes up a huge part of the NASDAQ makes up a huge part of the S&P. So if tech does turn You know look out. We that's when we could start seeing some downside the other big sector banks banks So banks and travel really having big days today if you look at Bank of America up over 4% city up over almost 5% So banks up big travel up big tech not so much But just kind of a mixed bag and even with this big of an update in the market I mean, there's still a decent number of red on my watch list as far as as far as the different stocks go I mean, obviously most of its green, but you still see a lot of red So we're certainly not seeing that correlation that you know 100% correlation in all the major stocks where When you have an absolute major move and everything is correlated everything's moving one way We're definitely not seeing that today. So we've got we've got some we've got some red mixed in there The other thing I want to take a look at is bonds if we look at bonds I mean bonds have been absolutely doing nothing if we look at obviously in March We had this little wild ride when the Fed was cutting interest rates and pumping money in the system But ever since then I mean since March 23rd, I mean look at this range in bonds. I mean, it's absolutely nothing I mean, we're down a percent today in bonds But that's one of the biggest ranges we've seen in quite some time and this thing has just been Absolutely flat nowhere to go doesn't know what to do You know the downside obviously if if you're looking at it as an inverse correlation to stocks stocks at big Bonds are down, but it certainly hasn't been that way over the last couple months So we'll be watching bonds closely watching travel tech and banks. Hope that helps everybody. Have a good evening. Talk to you tomorrow