 Welcome. This is Melissa Armo with the Stock Swoosh and I'm doing a Snoopy special for the Gap Options newsletter I've had a lot of inquiries in the last few weeks about this because it's earning season a lot of people interested in doing options So I thought I'd do a promotion here to help some people get going with trading If you'd like more information you can email me at Melissa at thestockswoosh.com or call me at 9 to 9 3200 Gap follow me in Twitter Facebook YouTube or Skype So I don't I don't know if you know this or not But I love Snoopy if you're on my marketing list you're aware of that I put a lot of Snoopies in it's one of those things that makes you happy and You know when I was growing up I've watched a lot of the Snoopy cartoons and now over the holidays. I pretty much collect They've ended up being collectibles all of the holiday Snoopies that they sell at CVS's stuff Snoopies So that's a little fun fact about me But anyways, I'm offering the Gap Options newsletter at 30% off Which is a fantastic deal because the cost of the letter is normally 49.99 and you're I'm doing a 30% off deals. You're saving almost $1,500 and you can make at Least five grand even in a month of my trades with an advanced risk or more And I'm going to do a tracking video and update that this week so everybody can see where we're at with the trade So there was a previous tracking from a week ago if you want to see it on YouTube If you're thinking about becoming a full-time trader But don't know how to make the transition because you work right now and can't actively day trade in the in the trading room Each morning money through Friday Doing options is a nice way to transition You can make money doing the options trades because I call the trades from anywhere from could be in the pre-market Could be in the morning could be in the afternoon and you just take the trade they get emailed to you directly and manage the trade yourself and For the different targets and also your profit stances whether it's 25 50% 100% or you letting it go to the target So this is a way to make money if you are wanting to transition into a career trader And you will see how I'm calling the trades as far as the setups in the gaps And for those of you that don't know I focus only on gaps whether the bullish gaps or bearish gaps But interestingly enough many of the calls in the letter this year that have been really some fantastic winners That have been long so they've been calls. I call simple calls or puts now if you don't know how to take an option trade That's something that you can learn how to place the order with your broker any broker will show you how to do that And when you're trading options, you don't need margin either so that's helpful too right now It's still earning season. It's a good time to trade It's a good time to make money and one of the benefits like I said is you don't need margin So you don't have to have the set requirement normally There's a twenty five thousand dollar retail requirement for margin for retail accounts You can go to a retail place and open up an options account And you can take positions in stocks even like amazon apple as far as the option straights Now to date trade actively if you don't have twenty five thousand You can open up an account with twenty five hundred at a prop place But an options account you don't even need that much again Check with your broker find out what you pay is the cost of the option for example if the option cost a dollar you'd pay Whatever the amount that you want So if it costs one dollar and you want to get one contract then it would be a hundred dollars So it's basically a hundred shares And if you want to get 10 contracts and it costs a dollar that would be a thousand shares Okay, so that's how you do it. It's based on contracts not on share size for options So anyways the snoopy special starts today. It's for the gap options newsletter This was a trade I call this trade is still on this trade looks good Or you might have done it and actually gotten out So some people are in this a lot of people are still in this to see work ago or you could be out of it It was a profitable trade. It went up. It was something that went immediately profitable However, because it's so far out. I think a lot of people are still in this trade It was to buy the 170 calls that expire 329 So again gave the targets here obviously the qqqs went through 170 If you really think this is going further you could still be in the trade some people are some people aren't I'll review that in the tracking I do in the next week. Now for those of you that don't know what an option is I just want to put this in here to explain if you've never heard of it and again You can read about this online But in finance an option is a contract which gives the buyer the owner a hold of the option the right But not the obligation to buy or sell an underlying asset or instrument at a specified strike price prior to or in a specified date Depending on the form of the option. So there's always a date attached to the option like this one here I'm going to go back 329. I called this a while ago February 4th The strike price may set by reference to the spot price or market price of the underlying security of commodity on the day An option is taken out or maybe fixes a discount or at a premium So contracts similar to options have been used since ancient times. This is a little history here If you're thinking about doing this, it's very interesting because many many people are used to taking Share quantity like I said a hundred shares a thousand shares But an option is something different where it's a contract So again, whether the stock price cost $250 per share, you're not paying $250 for one share You're paying the cost of the option Okay And again, this is something that i'm going to talk about more in the upcoming webinar But if you're interested or if you know how to do options already, I'm not doing complicated options I'm just doing the ones where you buy the call or you buy the put It's a shorter along based on my rating on the gap So I look at the bullish gap or I look at the bearish gap and I rate it and if it rates 20 points or more Then i'm buying the put or buying the call and that's how I call it on the letter Some trades are fast. Some trades are day trades. Some trades you can haul the QQQs was a train that I called a while out That that is an exception But I felt like the cues at the possibility to run It went way faster though than I anticipated right up into the money and through the strike Anyways, think about what I've had to say for thinking about Transitioning to work for yourself and trade for yourself. You can day trade and do options and do both take advantage of the snoopy special I love snoopy. Look at it. This is 30 off the subscription price is normally 49 99 Special price this week through thursday february 28 the last day of debruary is 34 99 30 It's a 30 savings. Again, if you have questions or you want to sign up Email me and melissa at the stockswish.com to register. Thanks everyone