 Hi, everyone. All right. Good evening, everyone. If you can hear me loud and clear and you're excited to learn exactly how can you use options during this uncertain market time, okay? If you are excited to learn, can you type O in the chat? Okay? Because tonight it's all about options. And I just want to make sure you guys can hear me loud and clear. Make sure you type O if you can hear me. And in the meantime, I'm just going to inform my telegram followers again. Okay? So that everybody can tune in for this because it's a very, very special, interesting options, insights that we are going to review to you very soon. Okay? Give me a while, guys. Okay. Hold on. Let me just make sure that you guys can hear it. Okay. Hold on. All right. Live now. Okay. Let me just put the link once again. All right. So I know there's a little bit of delay, about 10 seconds or so. All right. So audio is good. Fantastic. Okay. Hi, yes. Timothy say hi. Good to see you, Timothy. And I can see Kelvin. Hi, Kelvin. Yes. First meeting in 2024 and more to come as well. Okay? I can also see Zhixuan is here as well. Options. Fantastic. Fantastic. I can see that you guys are slowly streaming in. And tonight it's going to be super exciting because for me, okay? I believe a lot of you guys have actually attended our options program before, right? This is my company options program, which is Options Mastery class. How many of you have actually attended before? If you have, type OM in the chat. Okay. Hi. Good to see you. Soonly as well. Good to see every single one of you. Happy new year. All right. So this is what we are going to do, right? Because as we go through, as you continue to implement your option strategy, I know some of you bound to encounter certain questions and maybe some of the struggles as well, right? But if you have actually started doing options last year with the market riding up right now, it's like reaching all time high, right? I think very, very likely you should be in profit, right? Help me with your view already in profit. If you are in profit, can you type P in the chat? Okay. Little Huat. Little Huat voyage. Wow. So cute. Hello, Xiaofa. So good to see you. All right. Wow. Thank you so much, Kelvin. Okay. You guys still remember me and Paid. Wow. Fantastic. All right. So I can see Kwit Ming also attended before. Now, I think as we continue to progress in our options journey, right? Sometimes the thing is, if the market is great, if yours is a bullish trick, then fantastic, you'll be making profit. So I can see some of you are already making profit and really, really happy for that, right? But how many of you are also a little bit concerned that, hey, then what if the market starts to turn, right? Because right now the market is reaching all time high, right? And that is why you want to learn how to use options in different ways to have a 360-degree protection, right? That's why tonight it's going to be options 360. I'm going to invite an expert because, okay, apart from me doing options, there are also many, many great investors who are using options to increase their portfolio return at the same time protect their portfolio as well. So that's why 25% year to date thanks to NVIDIA. Yeah, exactly. Just like what Timothy said, the trend won't last forever. So exactly what to do. That is the important question. So that's why tonight I'm going to interview this investor because he himself also bring through that up and down. Remember, last year was the bull market. However, the year before, anybody remember? 2022, 2022 was actually a bear market, isn't it? So exactly what to do if the bear market return, because we can't say for sure whether we're the bear market return or not. But we can say for sure that the market can't go up forever. So that's why tonight I'm going to invite the safe investor to be here to share with you guys. Hi, hello, Ken. Hi, hello. Hey, Chloe. Hello, everyone. All right. Just want to make sure that you guys can hear my audio. Hello. Can you type options in the chat? Type options in the chat if you can hear my voice. Type options in the chat. Yes. I'm pretty sure they should be able to hear it loud and clear because I'm hearing loud and clear as well. OK. That's good. For Ken, for you yourself, you have been using options. But maybe before we go into some of the things that you're going to share tonight, maybe I think the audience, some of you probably don't know who is Ken. He's a safe investor. But maybe can you share with us a little bit more about your investing journey first? Sure. So I guess a lot of people have this question of what is actually the end goal of investing. I started investing about 10 years ago. And I started off with forex trading. I got into cryptocurrency, the ETFs, stocks, and options. I actually tried Futures as well. So it's actually, once you step into the journey, you will have a ton of things to learn because you'll get different theories. You'll learn from Peter Lynch, Warren Buffett, even from my first mentor who taught me about forex trading, which it didn't work out. So I actually changed my path. And after 10 years, I can say that I have a good amount of money piled up, a good investment piled up, and I can actually live on my passive income right now. So that means that my passive income has exceeded my monthly expenses. So yeah, it's been a quite a journey and a lot, a lot of things, a lot of stories to share as well. Fantastic. I can also, I'm very curious to ask our audience here as well. Like how many of you actually have, apart from options, you have learned other things, maybe forex, maybe crypto, or maybe you are doing like trading whatsoever. If you are, type me in the chat, right? Because we believe that there is no one particular method that can, that works for everyone because you need to find out which method truly works for you. So it's good that you try out different things that eventually really double down on the things that actually work for you, right? Just like a while, a lot of you, right? Chen Ming, Quen Ming, okay, Coating, Xiaoba, everybody try out different things. I personally also try out different things before. So in the end, I decided to chose options and stocks as the ultimate thing for me to continue to double down on for the rest of my life. And for Ken, he himself also chose options and stocks as well. But I know, right? As an investor, you go through like 10 years of journey. Definitely it's not going to be a smooth selling journey as well. Maybe in particular, let's talk about options since tonight is really about like cracking the options code, right? So can you share with us what are some of the mistakes or some of the difficulties or the problems that you encounter at first as an investor, especially when you first started your options journey? So I remember like, okay, so I was trying to make fast money and when I was watching the YouTube options, right, you see all those gurus talking about options. I did it without a mentor. And then the first thing was like, oh, I'm going to do a one week buy call option because it's like, you know, the money's not a lot. And then the YouTubers will tell you that, you know, only need a little bit of money. Then the potential is really high, right? I was like, okay, that kind of makes sense because if you do a weekly buy call option, you may be paying, you know, $50, $50, $100, you don't pay a few thousand dollars, right? It sounds reasonable. But then after that, I bought some shares and the stock price didn't move at all. And then of course, I just locked the $100. But then I thought, okay, so maybe this time it didn't work. So I'm going to try again. So I bought another weekly call option and then it didn't work either. So then I ended up doing all these weird trades of buying very short call options and thinking that is lower risk because of the premium that was needed. It was a lot less than buying a whole year or a two year contract. So, but then in the end, I just figured that even if you guys have the experience of buying a weekly call option, you will notice that even if the price goes up a lot, you lose a lot of time decay as well. And then even, let's say, if the price moves out like only 5% to 10%, you will still lose a hell of time decay. So that was the first major mistake that I did. And then the second one was that... Okay, but before that, okay, so guys, just want to make sure you guys really understand what Ken is sharing because these are some of the mistakes that you shouldn't be repeating after. If you guys understand, Ken type U in the chat. If you don't understand type D, U in the chat, okay? Because if you have attended options before, you know that for every contract, there is a time element inside. And if you buy a very short term call option in this case, which can fit in the past, right? The decay was very, very quickly. So even though the stock price moved a little, right? It's not enough to cover the decay as well. So yeah, okay, I can see that you guys are all understanding this. Okay, very good. So you guys have the right foundation from our three-day options class. Fantastic. All right, so Ken, can you continue? What's your second mistake? Or maybe I'm not... Before he continued. I'm very curious how many of you also made the same mistake that Ken did just now that he actually shared that he did by very short term call. If you did that, Ken type S-T in the chat. Okay, I'm very curious. Okay, so Ken, you can continue. Okay, so I actually feel like most of you are very fortunate to actually know Chloe and own my first before you go on YouTube and do all the crazy things on YouTube. And the second mistake that I made was with the same concept. Good, good. So Chen Ming said he's following the rules. That was good. Okay. So the mistake that I did was I actually bought a put contract and then I was trying to bet against the market. I was trying to say, oh, this S&P 500 is like super overvalued whatsoever. And I was buying put contracts on the S&P 500 and I was buying it at the money. And then, but then because you will hear people say that there's going to be a market crash coming soon. Market crash is coming. This is the end of the world whatsoever. You hear these like these market crash prophecies like all over the place. So actually before I really knew how to do options, I was like trying to buy puts and bet against the market. But, you know, it ended up like none of my puts on the S&P 500 really made a lot of money. And it's actually, it's exactly like what Warren Buffett said that 90% of times the market will go up. And it's just like, it's just like if you're trying to make money through a put option, then the mindset is just incorrect. Because I always tell my students in the group coaching I tell them, hey, if you want to make money through a put option, this means you're not doing it correctly. But however, if you have a large position, right, let's say you have 100K portfolio, 50K portfolio, and then you feel like this is right now this is like a market peak and then a lot of people greedy. Then maybe you can buy just one contract put option to kind of protect yourself as an insurance and not to make money through betting against the market, right? Because I know there are a lot of people that are trying to bet against the market but buying put options, but I always tell my students don't do it. And that's how Warren Buffett says is about don't bet against America. That's my second biggest mistake of trying to make money through buying put options. Okay, so Joey is asking are you talking about buying put or selling put option? Okay, so Ken is referring buying put option. I also very curious how many of you actually bought put option before because you want to bet against the market. If you have done so, type BET in the check, okay? So now that's why during Ken Schering just now he talked about the importance of position sizing, right? Remember, even during our class, we always talk about if you want to buy put option, it's more like a hedging rather than trying to speculate against the market, right? Because nobody can truly predict whether is it true a market that is going to melt down or not, right? So if you are doing this, the risk is definitely a lot higher and that's why we always say that use the proper portfolio position sizing so that you are not going against yourself if the market continue to go up, right? Because back then that was actually one of my major mistakes. I bought a lot of put option betting the market trying to hope that the market will melt down. In the end, the market went up and that's how I lost a lot of money. So it's very important that, yeah. So a lot of you guys did this before, right? So it's important that you do position sizing properly and always, yeah. So Charmin said that very optimistic. Okay, so since we're talking about buying put option and the market being a little bit optimistic right now, I personally feel, Ken, what do you think? What's your view towards the current market and how do you use options in this case, yeah? So maybe I do a shared screen and I'll explain a little bit of what happened and some true stories. So guys, just want to show you guys something. So recently, if you're my follower or in my telegram or my group coaching, you'll know that I actually bought Realty Income. There was one day that the entire price like crashed like 10, I think it was like 15% or 10%. And then what I did was I went to buy a lot of shares. I went to sell a huge ton of put because of the IV, right? We wanted to sell puts when the IV is high, we want to sell a ton of high IVs. And when the price rebounded, right? So I closed some of my sell puts and then at that time, I was just thinking like, oh, is this at the peak? Is this at the peak? Is this at the peak? So I was actually, because right now we can see that the market, the overall market is very optimistic right now. So I actually have two put options on Realty Income, just two only. But I have a very large position in shares and selling put option contracts down here. So basically what I'm saying is that I am buying a small percentage, buying an insurance, just two insurances and to protect my super large portfolio just in case it comes crashing down, then I will have a small buffer over here to protect my few hundred shares of Realty Income. So it doesn't come all the way crashing down. And if the market continues to go up, what happens is that I will have to pay my premium, my insurance, but that's fine because there's only two contracts and my large position will continue to go up. So basically it's like insurance, you buy it within the timeframe, something happens, you get paid, you get insured. If nothing happens, then good as well because your entire large portfolio down here is going to shoot up and it's going to weigh more money than your buy put premium. So I do have like two or three buy puts on stocks that have gone up a lot, which I think is pretty kind of like dangerous right now. But yeah, so the concept is that I always tell my students, don't buy a put to make money, but buy a put contract to protect yourself from a crash. So that's something very important and I think a lot of YouTubers or if you only focus on technical side and you don't focus on the mentality side, it could cause a lot of trouble. Yeah, how many of you agree, right? When it comes to investing, it's always that mental barrier, like the psychology disturbance that actually cause, end up making a mistake and end up from profit turning into losses. So especially when it comes to options, right? I'm also very curious to ask the safety investor. Chloe, do you want to change the screen back? Oh yeah, sure. Let me just remove this. Thank you very much. So I'm also very curious and I believe the audience here are also very curious, right? Usually how long do you hold on to your options position? Because like for example, one of the trade that you did within 14 days, right? The trade went up 79%. Did you close it? Like usually do you do like shorter term kind of trades or you do long term kind of trade? So it's actually, once you really learn options in a very deep way, when you really learn the fundamentals and the core concept of options, you will understand which things to use, which contract to use. So for example, the one that did was, it was 79%. That was a TSM, right? Yeah, that was TSM. That was TSM, right? So that was TSM. And so that one actually I used a special technique. I actually bought out of money co-option. And when you do out of money co-option, your premium is a lot lesser, but your risk is a lot lower. So it means that let's say, if you buy in the money or at the money, you need to pay let's say $2,000. So your maximum risk is $2,000. But if you buy out of money co-option with the same, the longer time frame, your maximum risk is maybe reduced to $1,000, even $500. But when you reduce your risk, your profit will also be kind of reduced as well. So it really comes down to what you're aiming for. So I know some of my students, they don't have a large amount of money. So what they do is actually tells them that, hey, if you like this stock and then it's out of support line, right? And you don't have a lot of cash. That's okay. You can buy out of money co-option and out with the longer timeframe. And if it goes down, if it goes sideways, then that's the maximum loss that you can take. So I always tell them, don't focus on the game, but focus on your maximum loss. If you always focus on your maximum loss, then you will actually be in the long run, you will be in a very safe position. The worst thing that can happen to you is that you don't make money, very, very few chances that you will lose money. So that's why my title is the Safe Investor, I hope in the long run. If you don't make money, bear with me and learn, don't lose money. And that's Warren Buffett's quote, number one, number two, never lose money. And it also coincides with Charlie Munger's quote as well because he said that a lot of times, what people trying to do is trying to be intelligent, but what he and Warren Buffett try to do all the time is not to be stupid. And that's how by avoiding those stupid mistakes, they become super, super wealthy in the long run. So I think it really also aligns with what Ken said, just think about your maximum risk and how to reduce your risk because when you are focusing on risk reduction, when you protect your downside, the upside will naturally come. But if you are too aggressive and keep on focusing on the upside, oh, you want to get a lot of ROI and all this, end up you become very stressed and also end up probably doing the wrong thing. And that's how you end up losing money as well. So it's very important to focus on risk protection. Can everybody type P in the chat? P sense of protection. Now, there's a question. Maybe I share a story from Kel. So let me do a share screen. Okay. So guys, so you know how Warren Buffett does it, right? So he loves to sell puts during a crash. So I remember there was one time, look at city group, you can see that it has actually from the bottom, it has gone up like 35% already. And if you had bought it at the bottom, you'd be getting paid 5% dividend yield, which is like, and then it's going to keep on paying you dividends. You don't have to worry about it, right? But then the thing is that when the stock price comes all the way down and people get really afraid of buying the stock during a buy call or sell put, they feel like, oh, the market is going to crash more and market is going to crash more. And I remember I was telling my students, I was saying like, hey guys, you really look at this company and it is definitely touching a support line. And this is called a D-Score that I used to teach my students. And you can look at it. Basically, if it's closer to a one, it makes the company, it's safer. So I told my students and said, you look at this company and it's reaching a support line and it's paying you a 5% dividend yield, right? At this peak right here, it's paying you 5% something dividend yield. And when in the world are you going to get that 5% dividend yield? You're only going to get it during COVID, right? So you waited so long for COVID to happen and then you waited for the price to go down all the way to COVID level. You're getting that 5%. And then you look at the company growth and if it's going down, it means the company is growing. So just remember, keep it simple. If you look at the D-Score and the D-Score is the company is going down. You can see the D-Score is 1.09. I said, just fricking buy the company. If you use the credit card, you go to your city bank and you just use the product so much. And then what should you do? And what would Warren Buffett do? I asked my students what would Warren Buffett do? And Warren Buffett, I tell them that Warren Buffett will go and do a hell lot of sell puts, right? So if you do the sell-put strategy, which is the BOS strategy, you do one here. Even if you get a sign, you pay $4,000. If it continues to crash, you don't have to panic. But what you need to do is you need to sell another put at $30 right here. And you'll be collecting great companies with an even cheaper price with even less money needed, right? At first, you need $4,000. Second, you only need $3,000. And then if it continues to crash down, you only need maybe $2,000 or $1,000 to acquire a fantastic company. So, yeah. So I think like the beauty of selling a put during a crash is that you can really collect the shares. And even if you don't collect the shares, the IEV will be so high. People will be panicking and selling and everything and doing dumb shit and everything everywhere. So that's what we'll say, right? You want to acquire a fantastic company at a very cheap price and just make sure that everything is fine and you don't want to blind to the companies. There will be companies that have really bad scores, like very bad these scores or very bad financial reports. Those are companies you should avoid. But definitely do, in a crash, definitely do a sell put. Do it a one-bother way. Sell put, get the premium, you can buy shares, reduce your buying strike price. So it's very simple. It's very simple. Yeah. Yeah, so Charmin is saying that dollar cost averaging, right? During the crash time, like when the market is crashing, if it's a good company, just like what Ken said, he studied into the company, right? And he also used these scores to analyze, right? I think Charmin is also asking, what is these scores? Maybe later, Ken can elaborate a little bit. So basically, the whole idea is you want to use options with the right mentality, right? So let's say right now, the market is all time high. Definitely, you want to make sure you anticipate what if the market, bear market is back again, right? Or maybe the market is having some form of pullback, right? So when it's having some form of pullback, when it's coming down, then if you know that this is a good company and you look at the valuation, right? Ken, at that time, what is the PV ratio for city group? Oh, city group. Oh, that was that. Oh, guys, I mean, let me tell you this is the most freaking amazing thing that, you know, it's like, when you really go and study Warren Buffett and you really understand the whole concept of buying a business, let me show you the PV ratio and it's just like, it's just crazy. There's no point for you not to buy, almost no point for you not to buy. So if you go and look at price of book value and you will see at that time, the whole bank is selling at PV ratio 0.4, 0.39. That was, it's like, you know, the thing about, the thing about using the PV ratio to look into companies is that it's so great. The analogy is so simple when you look into it. Imagine that you have a business and you're purchasing the entire business 60% below its cost. It's all its assets and all its liabilities added together. You're purchasing the company at a 60% discount, for sure a 60% discount. You haven't even taken consideration of the earning power of the company. It's just all the assets and liability. You're purchasing it 60% discount. And when you buy this company, when you own this company, every single year, the company, the earnings itself, it's going to give you more money. It's like you're buying a golden goose and the golden goose is going to lay eggs for you every single year. And the cost of the goose is $100 for whatever reason you bought the goose for $40. And after you bought the goose, the goose is going to lay golden eggs every single year. And it's just like an ultimate no-brainer if you think about it that way. This is why Benjamin Graham loves the PV ratio. But there are a few things. If you look into PV ratios, there will be very cheap companies who don't grow, but those are the companies that you should avoid. You want to buy into cheap companies that will grow like Citibank or like Bank of America as well. So you can see Bank of America, the PV ratio was one, it was closer one right at this down here. And you can see the D-Score going down. If the D-Score means going down, it means the company is growing. If the D-Score is going up, it means the company is not growing. So basically you want to buy a cheap company, super safe, go big, and you want to make sure the company is growing. You don't want to go big and buy a cheap company if the company is not growing. And I see a lot of industries that fall into the value trap that buy a super cheap company that does not grow. And there's no point. Yeah, so guys, you can see that when you are using options, there are so many things that you need to consider in advance. Options is kind of the last step. That's the strategy. That's the how. However, the what must be important. Is this a company that you want to own? And at what price do you want to own? You always do already the calculation. For example, Ken was using PB Ratio to calculate the intrinsic value of the company. Then he also looked at technical analysis to further increase his probability of success. And eventually that the final step then is options. And then when he initiate the options trade, very importantly is he also think about a few steps ahead. What if the market continues to go up? Then what can he do? What if the market actually goes on? What can he do? So there's so many things that you can actually do. And options is just one of the two, but it's the thinking process that's more important. And that's why with your holistic understanding of what is options, then you will know the holistic understanding of the whole thinking process as well. How many of you understand what I'm saying? Can you feel roughly understand? Can you type T in the chat? T send for thinking process. Okay. So now, okay. So Kevin is asking a question about which option strategy would you recommend or combine depend on the market or is it depends on the market condition? Market, okay. So basically if you, if you, if you've been like right now, we know that the market has rallied up a lot already. So what strategies should you be using right now? I have a friend who just got into options. I told him not to do it. And then he still did it. Okay. So recently there was a, there was a correction and he was like most options beginners. He was like, I'm going to sell, put the premium or the put is fricking high. I'm going to sell this put. I made so much money in the put. And you know what happened? He actually got a margin called and he had to top on money. He had to, he had to cut sell, cut loss on the positions. He had to top on money. And I was like, dude, I just told you not to sell a put in an uptrend market because there, because if you, if you missed the bottom and you start selling puts, then there's a high chance when market come coming down and you're going to get a margin called because, you know, no one cares about your buying power because when people see the cash coming in, they don't think about their buying power. So I always tell my students, when you sell a put, you have to think about your buying power. If you don't think about buying power, you're going to get margin called and you're going to freak out and you need to top up money within like one or two days. If you don't have the money, they're going to cut away all your positions. And that's the worst thing that can happen to you because you cut away all your positions at the bottom. You're going to lose money and you're going to miss out on the game. That's what a lot of students, that's what they did during the Facebook crash. I told them, don't call us, don't call us. You should top up money. But some of them didn't listen to me. They lose money. They were like, oh, I lose out on the game and whatsoever. So it's like the most number one thing that you should never do is get out at the bottom. Just never ever get out at the bottom. That's the time for that. That's the, when you want to, my famous quote to my student is that buy when you want to die and sell when you're up high. So it means that when you're super happy, I made a lot of money, market about to crash. When you want to die and you feel like, oh, shit. You know, oh, I'm going to die. This is, I'm doing the wrong thing. The world's coming down. I lose my money. That's the time when the market is going to rebound. So, yeah. So, so right now you look at the market right now and see, let me just tell you guys, not the best time to do a sell-out put. We don't know if the market is going to continue to go, but you always only sell-out put during market crash. That's the safest strategy. And that's why Warren Buffer loves to use it. That's nice. That's fantastic. Okay. How many of you find that whatever things that can is sharing so far, has it been useful for you already? If that's been useful, it's been useful for you in the chat. Okay. And we still have time. So I'm going to check into his brain even more. Now, Sebastian is asking this question. Hey, how do you look for high premium set-up for sell-out puts? Right? Especially like, for example, company like BAC premium is pretty low. Okay. So, okay. Let me show you screen. So, so, so I think, right. So when we, when we do the options, right, we always learn from the social investors like Warren Buffer. That's, you know, I really go and take his brain and learn from him. And if you look at BAC, right, if you look at BAC, we want to come up. Well, okay. So basically right now, like a beginner can see it's not the best time is kind of hitting a resistance line, right? So at the end of the day, it's not really about how much premium you're getting. Okay. So it's actually, this is, this is a course actually designed for our students. It's called options core concept. And in the course, I talk about where you don't look at the premium at all, but you've focused on really the fundamental meaning of options, right? So, so let's even if we look at BTI right now, you can see BTI right now is definitely touching a support line, right? And then we can see the D score very, very cheap right now. And the dividend yield, the dividend yield is like crazy high. It's like 9%. The PBR is 0.7, right? So, so when you want to apply option strategy, what the mindset that you should really have is, is not really, really looking at the premium. The premium is just an additional bonus. And in the, in my mindset course, and my options core mindset course I talk about, this is the correct mindset that you should really have is that I want to collect this year's and what price do I want to collect it at? And you always treat, you always treat the, the premium at the very, very last. So you will notice, even in your buy call, your sell put, your sell call, whatever strategy, you focus on the premium at the very end, at the very last. So if you have your mindset, right? If you say, you look into the company's business and you think like, there's a fantastic business I want to own, even though the premium, the sell put premium is low, but what you can do is, you can sell, let's say you can sell two, three, five, 10, 20 sell puts on, on this company. Because your mindset is that you really want to own the shares. So then the premium becomes the last thing you focus on. So how many of you have once focused on the ROI, but lost a lot of money? Let me say that again. When you focus, when you don't focus on the ROI, you put yourself in a very safe position and you naturally make money. When you focus too much on the ROI, you actually, for some reason, in the investing world, when you think about ROI, you focus on the ROI, you actually start to lose money. How many of you have that kind of experience before? Type me in the chat. Yeah. So yeah, while waiting for the audience to answer, Sebastian is asking very thought-related, thought-specific question. So now, the thing is, what Ken was saying just now, premium should be the things that you focus on the list because at the end of the day, you want to understand the objective of that trade. If your objective is to collect shares, then sometimes, even though the premium might not be high, then it could be actually still okay because that is just additional bonus. However, if you are focusing way too much on the premium and end up doing, let's say, sell-put option on Lousy Company because it's volatile, then actually, you don't want to get the shares at all, that end up could be a dangerous position as well. So yeah, so Ken, you have additional things that you want to share, screen? Yeah. Let me share a screen with, it was a story about, I think it was Zoom, or actually Riot, Riot, Riot. So guys, so you know, you know when you do the sell-put strategy, right? When, especially on new companies, the premium will be really, really high. Like if you do it, do a sell-put on SE and you do it on Zoom, right? You will, let me bring, let me, maybe I bring this, I use the calculation to show you guys. When you do an options sell-put on a new company, your, your premium, your IV will be really high. And that's why a lot of beginners, when they start, they're very, very tempted to sell-put on high IV companies. So you can see that Zoom right now, if you do a sell-put, you'll be getting around $200. It's a monthly sell-put. Compared to other companies with, with lower volatility, you'll be getting less premium. But the thing is, the thing is like this. If you only focus on the premium and you don't look at the valuation, right? As you can see the Zoom, the PB ratio right now is, it's very cheap right now. It's like 2.95. It's super cheap. And the D-Score is like almost zero. So it's very, it's a very solid financial balance sheet company. And at that time, like people were like, oh, I want to do a sell-put because, you know, the stock price is going to go up forever because Zoom is going to be the role, the savior of COVID whatsoever. So people started doing sell-puts. Even though the market was going up, they were doing sell-puts. Even when the market was coming down, they were still doing sell-puts. And I told them, hey, you know, guys, look at the valuation. Look at the valuation. The valuation, the PB ratio right here was 100. And even here was 72. And like right now, I would say now it's probably a good time to do a sell-put because you can see the PB ratio is close to three. And for three, for a tech company, it's considered relatively cheap. It's not like a no-brainer cheap, but it's relatively cheap. So when you do a sell-put, you should really look into the company and look at the valuation. And one of the things I want to mention is that a lot of people, actually, even I made this mistake that I was thinking like, oh, I should do a buy-call on these new companies right here because of the revenue and EPS and all the growth. But, you know, in a short term or maybe a longer-term timeframe, like one to two years, even if you do a buy-call for one or two years, you would probably see what's happening right now where the stock price is going flat, even though Zoom is making a ton of money right now, but the stock price is just like, it's just not moving, right? So then you end up thinking that you're buying a high-growth company, which you are, but you're using options and you're losing out on all the time decay. So after that, I told my students to switch strategies, right? So there's no 100% perfect strategy whatsoever. So we have to adapt to the market. So I said, when you want to do a buy-call option, I told my students, you should only do it on maybe QQQ, do it on the major tech stocks. You don't want to do it on companies who kind of like, no one's looking into the company or people have lost face in the company. So if you do the buy-call on companies that are in the NASDAQ 100, which is QQQ, you will have a higher chance of winning and then just doing buy-calls on companies that people somehow lose faith in, but the revenues and earnings are perfect. So yeah, so that's something that you would have to adapt when you see things go sideways. But if you do value, if you use the value investing method, you will clearly see that Zoom has no problem. So that's the difference between options and value investing. So you have to adapt to different situations. Yeah. Just like what I totally agree with what Ken said, because when you do options, especially when you're talking about buy-call strategy, which is strategy X, it's actually more for short-term trading. So that's why some of the positions you can close it within 14 days can close his buy-call on TSM in just 14 days. That's a 79% ROI. Some of the trades can be closed in one month. You don't necessarily have to hold all the way until the expiry date of your options. Because you just want to make sure you get out since you know that you are trading in a way. However, when you are doing sell-put or when you're buying shares, you know that if your objective is to getting the shares, then it's totally okay. So Sebastian totally agree with the thought process. It's fantastic. Now, I'm also very curious in terms of your daily time that you need to spend on screen in order to be consistent in your options trading journey. And how much time do you spend on your mobile on your screen? Very good question, Chloe. So this is a very interesting concept. When I started, I was very excited. Like most people, I was doing 4x at a time. I was staying at the charts. I was looking at the 15 minutes. I was staying at the track for 30 minutes. I was looking at the track for an hour and hoping the price would touch a certain point, touch a certain stop loss would take profit. But then once I really go and learn about options and investing, the time that I really spent is maybe within 30 minutes or maybe 15 minutes. So let me show you guys. I'm going to give you a bonus on how I look at stocks every day. So maybe I do a share screen. How many of you love this bonus? It's a thought process. It's a thought process of how you should pick stocks. And it's just so simple that when I teach it to my students and they follow this method, they can find gems and diamonds that have not gone up already. So step one, very simple. You want to type in top looter stocks today. So basically what you're saying is that you're not going to touch companies that has gone up already. There's no point touching them. That means that they have gone up. You missed the bottom. You missed the bottom. Don't get in on the top. Never get in on the top. You're always getting on the bottom. So you look at, what is happening in the market right now? What are some companies that you could potentially look into? And so for example, I see Coinbase. I see PayPal. And then I look at some of, you can see like CleanSpark, Mara, American Digital, Riot. You know the whole Bitcoin industry, right? So it has a huge crash. It's having a huge crash right now. So you kind of want to look into these individual companies like Riot. So like Mara, if we go and look into Mara and so it only takes about like a few minutes and you look at the D score and it's like minus. If it's a minus D score, I'm not even going to bother looking to the company. It just means that the company is unsafe. So basically I close off this company or move on to Riot. So the whole process is like 15 minutes and Riot is like D score five is too high. Compare D score to like Bank of America two, compared to Berkshire Hat 31.14. It's just too expensive right now. So D score means how expensive is the company. If you look at Amazon, the D score is 0.7. So basically Amazon is still cheap, right? So you go through the entire process. You look at all these companies are crashing and then you look at the D score. You look at the dividend yield. You look at the support and resistance. So the company that really like, recently I told my students to buy this company called MPW and you really look at this company and you look at it and you're like, okay, so it had a huge crash. It's freaking huge crash. The D score is like, even though it's above a one, it's still okay. 1.2 is still considered cheap. The dividend yield is 17.92% after a dividend cut. They cut the dividends and it's still paying you 17%. And you look at the Pb ratio is 0.35. So then ask yourself this question, right? So you have all the elements. You have a crash. You have the D score, which is cheap. You had dividend yield paying you a freaking 17%. Even after a dividend cut and then you have the Pb ratio of 0.35. So then the question comes to, okay, so what is the future of this company is going to look at? Is it going to recover? Is it not going to recover? And if it's going to recover, you have a strong conviction and confidence of the company is going to recover. What is your strategy? Are you going to buy shares? Are you going to buy coal? Are you going to sell put? Right. So once you have that understanding of the entire company, then you choose your strategy, right? Because it's at a support line right now. So that's how you should pick companies. And Peter Lynch actually said that he doesn't keep a watch list at all. He doesn't keep that because there's no point. What's the point of you looking at Apple when Apple share prices keep going up? Then when should you look at Apple? You should look at Apple when the stock price crashes, which you will see on Yahoo. You will see on the He-Map over here. Then that's the time for you to go into local Apple. What's the point of keeping a watch list when there's no crash? Buy them anyways. So why don't you spend the time to look for hidden gems that have the huge potential in a crash? So right now I'll be looking at PayPal, I'll be looking at Coinbase, I'll be looking at Mara, Riot, and what's the other one? The other one that had a clean spark as well. So these are the times that you... And it's just like that's the whole thinking process. That's how you can find, like how I find Verizon, how I find real-time income, how I find IPR. Yeah, these fantastic companies that not only pay you dividend yield, but also give you the 35%, 20% dividend growth at the same time. So yeah, it's just a very simple thinking process and I learned it from Warren Buffet, I learned from Peter Lynch. So I think anyone can do it. Wow, that's amazing. I think people are super impressed by your entire thinking process. Chen Ming said, wow. And then like John said, luckily I'm here. He's still having dinner. Then they get to see your entire thinking process. That's great. And Sean said, can you speak Chinese? We can speak Chinese. We can speak Chinese, but maybe we organize another session just for Chinese. Because we just want to focus on English crowd here because I believe most of the time, yeah, you guys prefer English. So maybe next time. So hopefully you can still get to understand. Love the inverse thought process. Very good. This is actually what Charlie Munger said. Think inversion. Always ask yourself, where are you going to? If that place is going to make you die, don't go there. This is what Charlie Munger said. Think inversion. So I think can you really master this inversion process? Okay, thanks. Thanks for being very, very participative. So now some of you guys are also asking about portfolio sizing position. Okay. But before that, Soonly it's asking about this score. Now this score thing, it's a special process that can you yourself actually come out, right? If you design the score yourself. So maybe I give some examples because, okay. So if you're my students, I go through a six entire six hour whole day training of explain to you what is the score. But maybe let me show you how you can use it or what it stands for. But okay, let me show you. So, okay. So, so just to keep it simple, because if I go into in depth, I have to talk six hours of what, how is this will calculate it. So I don't want you guys to, okay, so if you're my students, right? If you don't know how to use it yet, so if, if the company is, is cheap, the D-Score will be cheap. Okay. So just keep it simple. It means that if the company is cheap and is growing, it means that it's the whole thing is going to, the company means that there's nothing wrong with the company. So, so that's how I bought my IPR. I bought like, I went and bought like 300 shares and I just kept on looking at the financial reports. There was nothing wrong. There was nothing wrong. There was nothing wrong. And the, the D-Score was way below one. And I bought until I got my 10% dividend yield. And then I also get my 40% price growth as well. So, and then, and then if you go and study how Warren Buffett does it, he uses the same thinking process. And if you go and look at city, city group, you can see that there is no point for you not to buy city group. It's just unbelievable, unbelievably cheap with the high percentage of the year and the potential growth, right? If you bought it, right, you would made, you get your 5% yield, you've made 20% on the growth. It's not as fast as growth like Amazon stocks, which are going to probably give you like, oh, it's about the same. Okay, my bad. It's probably about the same, right? So it, so if you, if you, okay, so if you're, if you want to learn more about the D-Score, I'll talk more about it in, there's a one day training program coming up. So I'll talk about it in there, but just, I want you to remember that when you guys go and learn investing deep enough, you study Warren Buffett, start to learn, study Redalio and all these people, they will, they will have their own things. So when you, when you reach a stage, when you come up with something that is proven to work over and over again, then you know that you're on the right path. Yeah. So Chamy is asking, is it on trading view itself or you made it yourself? Oh, it's a script I made. It's a script I made. And I gave it to my, my students, but actually I don't know, because the thing is like, I gave, I gave, I gave it a superpower weapon, but I don't know how much, how many people are using it because they're like, they don't know. It requires a little bit of scripting. I explained it, but maybe no one knows what I'm talking about. But, but okay, but the thing is that the thing is like, you apply it, you use it and you make money. That's the whole concept. Yeah, I think it's super, super powerful because I just see how you streamline your whole thinking process just now with the help of this score, with the help of, of course, combining the technical analysis and everything that gives you the, the confidence to know what exactly to do, right? For different kind of stocks using different kind of options position. Right? So yeah, fantastic. And now maybe one more question, right? Now, regarding strategy acts, right? Let's say as a student who started with four bigger portfolio, right? How many stocks would you recommend to buy, call at the same time? Okay. So let me, let me read it again. So can I have, I want to apply strategy acts, buy a long call starting with four, four figure portfolio. Okay. So you get a larger, a bit larger portfolio to do profiles on how many stocks you're going to buy at the same time. After good analysis. Okay. So, okay. So Ling, right? Ling, Ling Ming. So I wanted to give you the, the golden mindset. The golden mindset is, I want you to, to imagine yourself at the Warren Buffett. And that's how I do it right now. I want to imagine when I see a good chance, I really see a fricking good chance like Citibank or some really like Facebook during a huge crash. How much do you really want to buy and own the entire company? So what Warren Buffett said was that he, during the interview, he said that I don't buy shares. When I buy a company, I want to buy the entire company. It means that I want to fricking own the company. And I want that, I want that company to make money for me. So, so you will see that. I mean, majority of his purchases are in large amounts and quantities, right? So it doesn't really matter. It doesn't really matter like you're thinking about should I buy four stocks, 10 stock, 20 stocks. And for, for beginners, I can see that it's a common misconception, which was not a misconception because Ray Dalio would say that if you have 20 positions in your portfolio, you're pretty much protected. But Charlie Munger said that diversification are for idiots. So you can see there are the two different philosophies, but I want you to just imagine Shengsheng, right? Shengsheng in Singapore. And let me show you guys, I actually did a TikTok video that, you know the Shengsheng, right? Shengsheng in Singapore is like if you look at the, you look at the PB ratio and you can see the PB ratio at this time, right? It was only a few months ago. At this time, the PB ratio was at a PB support level, right? It was at a PB support line. And then you really go and ask yourself like, oh man, okay. So even though I'm paying four, five times of the net assets and everything, but what is the future of Shengsheng? And then you imagine yourself, I want you to elevate yourself and think that you are a portfolio manager or a warm-buffet himself. What will he do? And at that time, I was telling my students, you think about what you're going to do. Imagine you're owning the entire franchise of Shengsheng and you're just paying PB 4.9 and how much money are you going to just acquire the whole entire brand, right? So it can be like, oh, I have no confidence in the company. I'm going to buy one share. I have a huge amount of confidence in the company. I'm going to buy a thousand shares. So the same thing applies to buying call options, right? If you bought it at a very, very good support level, I have a student who bought Costco at a very good support level and she made like $1,500. And then I was thinking like, you know, if you have, she was a mother who goes to Costco shopping every single weekend. And she tells me that she goes to shopping and then the place is almost packed with people. But then she regretted just only buying one buy call option because at that time she was like, oh man, I love Costco. And then you look at the PB, PB support line is even though the PB is nine but it's a good company. So then she actually said that, oh, I regret that I shouldn't buy like two or three or four call options because I just have such a high conviction in Costco. And then I was like, that's okay because you just started, you can tweak your strategy. And I was like, okay, so if you are afraid, right? What can you do? You can, when the QQQ crashes an index fund or S&P fund crashes, you can literally go buy 10 call options and it's like a no-brainer. You don't even have to pick stocks, right? So in my group coaching, I was like, you know, hey, you know, my student come to me, you should buy and ask them, okay, so what company do you have confidence in? Some of them tell me that no confidence. I tell them you buy the S&P 500 in the back of your QQQ. Then some of them tell me that I have confidence in some certain like companies. Then you guys, I say, wait for a crash. You buy the hell out of the company. Imagine you're a Warren Buffett or a Warren Buffett dude. You buy quality company at a super frequency price, get a different yield and the price would just grow naturally. So that's the real goal of the nugget. It's not about strategy anymore. It's about tapping into, you know, successful investor's mind and what are they thinking and how they do it. So, yeah. All right, guys, I want to ask you guys, what's your greatest key takeaway from can sharing so far? Can you tap it down in the chat? Because most importantly, it's not about what he shared, right? But most importantly, what did you learn from this and how can you start to implement to improve your options training journey and increase your return safely as well? So, tapping in the chat, I think can is also very curious to see what you guys learned from him during this sharing. In the meantime, okay, understand that some of you guys are asking about can, what exactly, how can they further level up in terms of options. And I understand that can you actually want to give away something very, very, like in my opinion, super generous at the same time, very, very nice new year gift for everyone, right? So, can you share with us a little bit more about your new year gift? Sure, okay. So, I know a lot of you have actually attended all my current graduation. You didn't have to go through all the struggling process that I had to go through when I was doing it on my own. So, because Chloe said that, I know some of you, actually some of you are inside the OMM already, but some of you are not inside the OMM. So, I actually designed a program for the people who are not inside OMM, and after you have to learn OMI, you feel like you still want some guidance, some kind of more strategies to learn. So, I basically designed a course, and it's a new year gift. It's free, and only happens once a year. So, what is, I'm gonna teach you, review the four original strategies you learn in OMI. I'm gonna teach you another additional four strategies that can complete, because I know when you apply the original four strategies, there will be some flaws and some stuff, or some enhancement that you can improve. I'm gonna give you another additional four strategies that will complete the original four strategies, so get eight strategies in total, and then I'm gonna teach you another one more additional strategy that my group coding students who just use it once or twice, and they make back the course for you already. And this is a strategy that maybe top tier high-paying students have heard it before. Sean hasn't shared it, none of the other coaching mentors have shared the strategy before. It's a strategy that's specifically designed to help you make back your course fee. Yeah, so guys, so this is what's gonna happen. Okay, so for Ken, this is a very special gift that he is giving to my followers. So once again, he is launching these once-in-a-year Options360 free workshop. It's a free one-day class, and just like what he shared, he will basically revise four basic strategies first, which I know a lot of you guys have already learned. If you have not learned it, then make sure to go and learn because right now, you basically have a very good foundation class completely free of charge. And on top of that, you have four advanced option strategies to complement your existing knowledge. And every single thing that you are going to learn from here, actually, the value itself, it's already worth, I think, more than $1,000. However, today, he is going to give you completely free of charge as a complementary gift. How many of you will love that? I actually haggled with him for a long time because the value of it is actually a lot. So at first, he actually wanted to have a school fee for this. But I said, hey guys, can you hand it? Are you able to just give it to my followers so that they can get started and all this? So how many of you love that? If you love that, type yes in the chat. Okay, so thank you so much, Ken, for your bonus gift. Oh, by the way, are you able to see my share screen? Are you able to see it? Yeah, I think you need to post a link, right? You need to post a link in the chat. Oh, yes. Let me also post that link as well. So W-W-H-P-P-S. And I can't do this for too long because I think some people will kill me because I'm doing a full strategy, the original full strategy for free. And I just, yeah, I just think it's like, if you want, it's, yeah, it's a no-brainer. It's no-brainer. Yeah. So, but just to let you guys know that this is not part of the next level program. It's just some additional things that Ken, he himself is doing because he himself is an option trader. He didn't learn from next level, but he has been really practicing options a lot on his own, right? Watching a lot, learning from different mentors. And that's why right now he came up with a proper system that he himself have been using for a couple of years to be consistent in his own result and he has been also coaching some of the students as well. So now, let me just quickly go through the date of the program. It's happening this Saturday. Okay, 9.30am to 3.30pm. So it's six hours of intensive options learning for you guys because you are going to cover eight strategies. And once you successfully register, the Zoom link will be sent to you. Now, what you need to do is you need to register your name, your email, make sure you write it correctly and your mobile number and do let Ken know about your options experience, right? Because he is designing this. He only launched this like once a year. Alright, so you want to make sure that he can cater to the majority here. So if you are very new, then maybe he can, he need to go slower. But if you guys are all very savvy in terms of the basic strategies, then he can go faster in advanced strategies. So make sure you check it here so that Ken can see how can he tailor-made this program for you guys. Alright, how many of you love that? Okay, now, now, firstly, I also want to ask, how many people can attend this because I understand your Zoom also has limitation, right? Eh, where they can go? Eh, hello, hello, hello. So, okay, can you? Yeah, yeah, yeah. Yes, so how many people can attend this session because I do understand your Zoom has certain limitation also. Oh yeah, so I think it's like the last time we like, the last time I did this was one year ago. We had over a hundred people. But I have a limit to my Zoom session. So it's first come, serve basis. So limit to a hundred people. Okay, so guys, if you want to make sure you get your slot, so after you register, okay, and when Ken send you the Zoom link, then you do log in earlier, okay? I think my advice is log in at least 15 minutes earlier, just go and queue. So the moment you open up, you guys can go in, okay? Because only for the first hundred, there are times that last year when you launch, some people couldn't get in and eventually they did manage to see in that program as well. Okay, so our author is asking if there is like, do you have recording because if he's unable to come for the sixth gen? Hey, sorry, I cannot give recording because then the OMI cannot sell anymore. So only one time, no recording, no recording. Yeah, no recording. Okay, so yeah, but well, if you have not attended OMI before, then author, feel free to go and attend OMI to level up your options. Okay, however, if you have attended before, do try to make it because there won't be any recording and he only does it once a year, okay, because during the beginning of the year. All right, so now, any more additional questions? All right, Charmin said great. Okay, if you are registered, can you type R in the chat? R stands for registered. All right, so after you register, I believe by tomorrow, Cam will send out the special zoom link. Then make sure go and sign in and inside the email, okay, Cam will also give you some further instructions. Okay, what kind of things that you need to prepare so that to make it a very fruitful day, a one day learning together with Cam. All right, OMI is so good too. Yeah, exactly. All right, so if you love OMI, I'm pretty sure that you will also love this option 360 because you are going to learn four plus four. Super a lot of value that he's going to give you guys. Okay, so I can see you guys all registered fantastic. All right, so can any last advice that you want to give to people who just get started in their options training journey? Sure, so okay, because it's a one day training, so if you haven't attended OMI, I actually suggest you attend OMI first because we're cramming eight strategies in one day. And if you're completely new, I strongly recommend that you go and attend OMI first. If you have already attended OMI and for some of you didn't sign up for the OMI M, then this is probably a program for you. But if you're completely new, I recommend going through OMI and learn the basics first. Fantastic, okay. So very importantly is, because this is the booster, booster to what you have learned just like COVID check, right? You got your first check of COVID vaccination, then this is the booster thing. So it will be more useful if you have options knowledge, if you are completely new, maybe a little bit hard to catch up because after all he's going to pack a lot of option strategy to teach you about different scenario, what to do, what to look out for so that you can really have a holistic understanding of how you should be implementing, right? Especially in this brand new year, what to do, especially in this all-time high market condition as well, right? So 9.30 a.m. to 3.30 p.m. Singapore time. Is that correct? Yes, that's right, okay. So actually it's very, very excited for the booster, right? Now, yes, okay, need another booster. Very good. So then you will definitely get a lot of, learn a lot, right? From his 3.60 class, one-day masterclass, all right? So with that, okay, thank you everybody for turning up and I can see that you guys definitely learn a lot, right? How many of you learn a lot? If you learn a lot, type L in the chat and I'm sure you will learn even more during that booster day, okay? 3.60 booster day. So Ken will be getting in touch with you guys very soon and we will see you. Sorry, why did I accidentally share this? Again, okay, yes. So thank you everybody for coming and happy new year and this year is gonna be a very exciting journey for every single one of us. I also have some major plans that I will be sharing with you guys very soon, okay? Because it's gonna be amazing, okay? So having fun, let's have fun together. Let's have fun leveling up in 2.024 and most importantly, create wealth in the most peaceful and satisfying way, okay? That's the most important thing, okay? Happy new year 2.024 and see you guys next time. Happy new year, happy new year.