 Ryan welcome folks we have the down industrial right now trading down 16 NASDAQ's up 65 S&Ps up eight and a half let's take a look at one of our four agreements to master love you have to practice love the out of relationship is a whole mastery and the only way to reach mastery is with practice to master relationship is therefore about taking action not about retaining knowledge market-wise folks we have the now right now down well now it's flat you get the NASDAQ up 75 S&Ps are up 11 gold go contract down $24.80 straight into the 1895 ounce we have silver down 37 cents $22.71 an ounce of light sweet crude bidding it up 338 93 77 notes and bonds that's any a note down 15 ticks straight and 107 20 to 30 year of 25 at 113 19 and King dollar you just can't stop it man the market just hire King doll low the market here we go so you get King dollar up 377 ticks 106 608 yours at 105 yen straight in at 149 British pounds at 121 to 1 US dollar let's get over to our mammoth the Teddy cakes that Teddy folks is going to be doing a live workshop coming right up after the show four to five Eastern Stanley time he is going to be talking about how to capitalize on time with calendar stock option spreads four to five this afternoon it's only $97 folks okay to really get them to stand out calendar spreads work inside the option market Teddy cakes that how you doing man I'm doing well Tom good to see you you also you also so tell us a little bit about yeah you have a market for this that's for sure that's right we have volatility you know it's kind of funny with the S&P's the Nasdaq tanking will be able to look at some definitely some put calendar spreads so yeah it's gonna be I'm interested in looking forward to the webinar we have a lot of nice opportunities in the market that I'm gonna go over as they're fresh and they've recently happened and you know show all the viewers how they can incorporate calendar spreads into their option strategies you know there's all kinds of options strategies out there and there's times when calendar spreads actually give you a lot of bang for your buck especially when you're you know you can use it if you when you own a stock and if you don't own a stock and if you or if you're thinking about getting into a stock there's reasons why calendar spreads sometimes are the way to go and Teddy and folks okay this is what's so cool it's all about decay right yes yeah and so if you know Teddy was a professional down on the floor okay anyone that's down on the floor folks okay they wake up every morning and they say okay how much decay do I have today right it's it's it's you know yeah I mean directionally folks okay you know we know that there's no crystal ball out here but you know it's funny today they're really it's not a crystal ball but because there's so many people that don't understand options they don't understand decay and like the case the case they have it's part of the whole freaking deal you're trading time yeah right right right yeah absolutely you know and it gives you a really good reward to risk ratio from your decay from the front month to the back month leg as well so that's what you look for in any trade to begin with is you want a good reward to risk ratio exactly I'll tell you a wild story so and the run-up in you know in the 90s right I I put on a couple options trades I knew nothing about options right like everyone else right I had a Dell I had a Dell trade and the it was a call I had and I woke up you know Dell come out with their numbers right and Dell was up like you know at that point that we were always dealing with small numbers folks but Dell was up like $10 right I saw my god we're gonna make so much money it's unbelievable well the bottom line is folks is that I broke even because you know I didn't even know what a premium was you know what I mean it's like I looked at I'm saying hold it what's probably a man I was right I you know I paid like a buck 20 for this it was 10 bucks out of the money but we guess what yeah right yeah so like I got to learn a lot after that because I love the OEX I mean that was this is how we learn right yeah unfortunately unfortunately but guess what you don't have to learn like this folks okay because this is the type of class that you can understand you get a full hour to capitalize on how calendar spreads work you know so what do you think about this dollar move man well you know what it's all yield indicative right now I mean you can see the business site the cycle of businesses right now is really it's working you have interest rates gold and equities and it's you can see that right now yields are driving those moves incredibly right now all right you know and the pricing also Tom you got a member we just made recent new lows in the 30 year in the tenure but we're at a level where we were a year ago and we hadn't had all these rate increases so fair value is below where we're at right now we're getting to you know basically fair value right so when you have pricing in which you have you know explained to us and educated on this the so the yield of the country is going to have a lot to do with the currency of the country and where it's going to go all right okay cool right well yeah pretty wild man because these yields look still look relentless I mean yes you know last week I was thinking hey man I think we're topping out and then it was like these wide price spreads even today it's like this dollar man the next swing point is that it's funny you say that Tom because Friday the 30 year I even had it in the tiger for support we had a short-term countertrend buy signal it was negated right away on Monday yeah you know so I mean that is that that tells you the momentum of this scenario that it really is but it is fighting for a fair value right now that's cool man I like that yeah because I get that's a lot easier to digest right I mean it really isn't in the context of you know where it is well listen folks it's very easy to get into this workshop come over to our website at TFN and you're gonna see it right under featured content man Teddy cakes that he's gonna be up at 4 to 5 this afternoon you're gonna learn a great amount and you know as Tommy says in the morning you know even if you don't trade options folks it's great to understand what the derivative is doing because you're gonna understand the equity market a lot more I mean if you you know I was reading today Teddy right there's a there's a huge trade on that JP Morgan has on but they only had they only have it on because that one of their ETFs basically that's how it works right and it's intriguing because you know reading it I got I understood what they were doing but if you don't understand options you don't understand like okay how could it keep be keep driving lower and you know let me that's how it works I mean right you know that Delta neutral folks is a big deal so market mechanics right yep exactly come over to our website folks at TFN and you're gonna see Teddy right under featured content get in that webinar folks Teddy we look forward to the webinar in 45 minutes man thanks Tom thank you stay right there folks you come right back