 what's up guys what's going on happy fridays yo pretty crazy day today let's check checking out some facebook stuff let's see we got some earnings from this morning we had american express sea gates if you guys are here last night i told you guys what i was trying to do on sea gates and the sentiment on that let's check out the market bubble for today hey what's up hungry going on everybody wait did i kick off anybody i don't know if the stream was on before or not but um let's check out oh my gosh Jesus intel wow intel got raped so let me see intel had earnings last night and down 12 for today man holy smokes so it's it's crazy intel always continues to drop after earnings i don't know how they managed to to like flop so hard on every earnings last earnings huge drop the earnings before that huge drop the earnings before that as well humongous drop same thing here drop also here as well another drop so the last one two three four what one two three four five six seven seven drops in a row man holy smokes i've never seen a stock like drop back to back seven times in a row like that's so crazy man that's that's gotta be a record i don't even know anymore happy friday guys so but um i actually like intel here a little bit it just came down to the bottom of the ban so this might be a pretty good area to start a um a long-term position i might look into their earnings report a little bit further to see like what's the situation with that and and things and whatnot so let me put intel here um if there's any other stocks that you guys want us to take a look at you know in terms of earnings reports or just charting type it out let me know and you have access to especially and you know look further into it we also started a new account challenge today um because i was just sitting here and thinking about it and i was talking to um to some people oh yeah intel's um intel ceo stepped down like two quarters ago i remember watching that which that was actually very very bullish in my opinion because um the intel ceo right um the the last guy bob he was actually a cfo so he's been with the company for a long long time and i i said this multiple times on the stream that um that guy i didn't like them because he was um he was a chief financial officer and as a cfo your main goal and your duty is to like reduce as much expense as possible so when they promoted the cfo to ceo they promoted a guy that is an expert penny pitcher you know he's like his main skill set is to penny pinch so obviously when somebody does that when the company you know starts to penny pinch everything they're not gonna grow you know they're gonna they're gonna sustain and they're gonna you know like they're not gonna like fight off competition they're not gonna spend money to grow because they think they're at the peak already you know so when you're at the top bro there's only one direction man when you're at the top you can only go down man but when you're when you're like amd and you started from the rock bottom you know you can you can only go up so that's why amd's been doing so well where intel's been flopping off but but you know what intel's i i like some of the changes intel is doing like at the end of the day amd still hasn't made their own like factory yet and intel is in the process of that you know so that's gonna be some big things what's up kip what's going on i mean lisa su sube have you guys seen sube yo they should like they should actually like glitch the the search engine so that when you look up sube right you should see this you should look up it should come out it should come out suzie bay and then they're like oh is this the amd ceo dang cute um let's see let's look at what's going on the market today what's up high style what's going on yeah ph1 was crazy today man um i actually played it a little bit this morning um i remember looking at ph un's um ph un and it was setting at 85 million volume in the morning and then next thing you know right it hit like 100 mil i was like holy smokes man like 15 million volume came in in like less than a few minutes that was it man i was in and it was a nice little ride man but who knew who knew it was gonna ride that much right so let's look at what the market outlooks like facebook dropped six percent today almost big drop um stx had a really nice earnings today almost hit 90 so if you guys were here like um if you guys were here last night i was like i was telling you i was like i hope i get lucky on stx because that was a little bullish on it um started a lotto and that kind of pay off a little bit because like between stx and ph un my portfolio actually ended up green but it was like overall pretty ugly man um american express also had a pretty good earnings today so it was up a little bit five percent at the hours i mean like pre-market to like all day today um ebay is also up 6.2 nice move there um maderna continued to flop around and what else anything other indig anything else interesting honeywell had a good earning but came down all right let's check into the earnings reports hold up hold up kip says i got some december intel today very nice good luck kip i've been in since july at dollar and 12 diamond hands damn for real congratulations man did you take any profit today though that's the real question yes snap went downhill pretty hard today all right let's look through some of the earnings from today this morning see what's going on what's up yang bo so honeywell international earnings per share this morning uh was 2002 cents uh beat estimate of $1.99 sales is 8.47 billion as opposed to 8.65 um they cut the full year 21 sales guidance and they raised the lower end of the earnings per share guidance so they missed sales man and they cut the guidance that's kind of ugly they expect them to make less money earnings per share went up so they're expecting to make less money but they think their margins are still going to be pretty okay um i can understand that because honeywell like they sell a lot of products and the supply chain issue is huge problem right now so a lot of the equipments aren't probably getting to the customers on time and things like that wow yo congratulations man go enjoy yourself this weekend you got a girl take care of your girl man treat yourself you bought phu in the six dollars what do you mean how'd you get screwed bro six dollars i got in the six dollar this morning as well it's at eight dollars right now seven thirty four it went as high as 24 yo how could you get screwed what's up ravie what's going on from the youtube site um you want to check out nugget and ugt um girl miner etf x2 or x3 i think always take profit brother always nobody ever get hurt from taking profit oof yo you didn't sell when it went up the key to halt is that you you gotta sell like like at the bottom man or you just gotta be ready to slam market order or hell just set a sell at market order oh so this brand makes like oh wow this brand makes supreme and dickies and norface so vfc also reported earnings as well earnings per share is one dollar and eleven cents as opposed to dollar 15 sales is three point one three point two billion as opposed to three point five that's a huge miss but then we affirm the guidance um it's still a twenty two percent increase in sales compared to last year and earnings per share is sixty five percent increase so last year company was trading around 70 to 65 dollars came down a little bit today um dropped from 74 to 68 i mean they still did better than last year's i think is overall not bad pretty interesting let me see if they have guidance today oh they said they're they're getting wrecked by supply chains that makes sense i mean clothing company and stuff they they make like norface vans sticky supreme's and all the designs produced and distributes so if like if they're not able to to get the product to the consumers and like supply issues increasing the cost by like nine x of course they're gonna get hurt yeah congratulations man for those of you guys that made money on ph un and like and dwac i kind of want to get back into dwac again but i think i'm gonna try to wait for like um like crazy levels like it might even sound too crazy for you guys man like if i tell you the levels i'm waiting for you guys might be like this guy nuts wow geez what's up arby nico so i would say like initially if you asked me last night what level i would wait to buy the dip i would have probably told you like summer around the 20s um right now i see a little bit support here but you know i'm drawing support in the one minute time frame right so one minute time frame supports a pretty garbage but i think if we do come back that hard there are going to be people crazy enough to like buy the dip because like right now it's like 86 or lower after hours right um if it starts like this humongous drop there it's gonna bounce it's gonna dead cat bounce just like if you drop like you know even even like if you drop like a ball or anything like from like an x amount of height it's gonna bounce a little bit so so i think if we hit the 40s i could probably get in for a scalp to like maybe 48 probably somewhere between 45 to 40 scalp i don't see why not actually i've seen it done before like so like that stock ran so crazy right the only good thing that we can really compare to is to like nikola or like lucid so last time lucid had um such a big run like that um had a multi-day run three four day run went to as high as like 68 dollars and then when it dropped um when it came down to that 30 dollar level had a dead cat bounce so you can see that huge dead cat bounce right there let me show you uh for some of you that that are like kind of new and like not used to like this crazy shit happening so look at this super drop right humongous drop um so if you had like the levels drawn on the on the chart here like this right found some mini support levels there could even and it dropped from 3088 to freaking 43 right that's a 13 dollar move yo so that's a good scalp there um is safe there's no like there's no like you know d gen this involved i mean there's a little d gen but it's a calculated move you know it's gonna bounce a little bit you get in and out no hope you know no hope to like 100 dollars you're betting on other people coming in with a hope so typically when when something like when things run like big like that it typically comes back down pretty hard and dead cat bounce a little bit well um you usually want to look for previous support like previous areas that are you know previous support resistance um in terms of like how do you know where so like like nicola i mean we're looking at sav a little bit so you could kind of say like this a little bit harder let me pull on the 10 minutes so the big run was all the way over here from was like 80 to 100 something right oh this stock is traded a lot longer so you can also look at it from like um the bands and stuff as well so where was this run um in late july or something like that right so ransom 150s you could kind of draw the support a little bit from here to that range there if you bought around here and sold around here you could have made a little bit money even though it dropped a little bit further though but almost every time something drops super hard it's gonna bounce a little bit it's it's only natural once you trade enough you'll kind of like get used to that um that momentum but you have to make sure it's dropped a lot like you don't want to get in unlike the first part of the drop and you know just being like oh just because it dropped it's gonna bounce right you want to like make a calculated move so you want to establish these lines earlier on before it happens so like even like nicola a little bit um you can see like there's a one point of resistance here another point of resistance there right um and then you can kind of like try to calculate it based on that move even though it dropped a little bit further um and then same thing over here if you extend this further i'm pretty sure if i extend that further that's probably gonna hit let me see yeah so that kind of hit a few times over here and stuff not perfect but it's the gen shit let's go back to look at the earnings let's check out some of the other earnings that happened this morning um american express q3 earnings per share three dollars i mean two dollars and 27 cents um beat estimate of a dollar and 80 sales is 10.93 billion as opposed to 10.52 um 74 percent increase in earnings per share compared to last year and almost 25 percent increase in sales compared to last year let's see how the stock has been performing in the one year chart so last year company was trading around 102 dollars even as low as 90 dollars um in october month of last year so if you really calculate a simple math from 100 to 187 that's like an 87 percent increase compared to last year pretty um pretty strong move there it has increased more than both sales and like earnings per share so that's pretty interesting there let's check out the highest one before compared to 2020 levels um stock was trading at 137 137 times 1.25 puts it around 171 so stock price is trading a little bit higher cliff also reported earnings today um fiat world says that the dwac warrants trades to super discount let me see what do you mean by that let's check out the warrants what do you mean by super discount oh what the hell stock is trading at 85 close that 94 the warrants are only at 28 why is it so cheap sus um let me see um so they said that the warrants aren't exerciseable right now since it's so new um so since you can't like you can't call your broker and exercise the warrant at the moment because usually like even if warrants cost anywhere from 1050 to 1250 right um at a premium like warrants like calls in a way right since you can't exercise them um you can't play the the discrepancy in between them right now so because of that i guess like long term speculation is that the stock is gonna go down so right now the warrant is trading at a value of like you know let's say let's say like simple math right 28 plus 12 that's like 40 right so even a simple math is trading around 40 dollars stock is trading at 85 after hours 94 you know at close so it's trading at almost like 50 something dollar discount so i mean yeah you're right it is trading a significant discount but it could also be because people are speculating that the real like like it could potentially drop to like 40 by monday you know um so that's a possibility as well but yeah so even if you like you know even if you take like this price plus 12 you know you get the exact price but since you can't play that discrepancy um i don't i don't i don't think it's just because people don't know it's also like at a calculated risk as well i think it's a combination it just because like it just because like usually like you know usually uh you can exercise them and usually you can short them right so you can like play this discrepancy but but like you know you can arbitrage it but right now you can't short it because the the stock has traded so much that i'm almost pretty sure that anybody that tells you they're trying to short this stock is just like straight up line it'd be like because like look dwac um if you just look at the stock and the volume they literally have they literally like there's so much volume there's so much share being traded that i'm pretty sure that even the exchanges don't have enough shares man like this is like even worse than game stop that's the that's the crazy part this is even worse than game stop you know um let me see where is the oh no there's no data here so it doesn't tell you how many shares are available right now but i can't even find the average volume man so like let's say if like average volume is only like 15 million shares and 127 million shares like or even like if average share that they have on the flow is 30 million or something you know or less than that who knows right we don't really know yet but let's assume it's somewhere in that range um and it got traded like 127 million today um let's say let's say even like you know one one one third of those people are holding right if one third of those people are holding and they move their shares to um to a place where the exchange can borrow it or lend it then the exchanges aren't gonna have enough shares left if they don't have enough shares left if they're i don't know what they're gonna do man but this is essentially like a short squeeze on this could essentially be a short squeeze on the exchanges as well at this point you know what i mean like this is like on the whole next level i mean but at the same time dwac can come out you know exchanges can be like yo help us out and and dwac can come out and just be like um um they could be like um yeah we're gonna issue some new shares back you guys out you know but you know what um fiat world i think that's a good idea to if you want to like lotto some position you know you want to throw like what's the warrants at 30 dollars right um say you throw thousand dollars at that you pick up like 30 shares it doesn't hurt i have shorted um actually shorting special acquisitions on the run-ups stocks are actually a pretty common strategy that a lot of people have been doing i was even attempting to i was you know a thousand warrants my man crazy um yo but yo you know what i always say bro fortune rewards like the bow or something like that and i forgot i don't even remember what i was gonna say but but you know what i usually say but um shorting specs is actually a common strategy i was actually trying to short it yesterday at like 25 dollars and i literally couldn't find shares i went on e-trade and e-trade is like yo this position is illegal you can't even do it like there's not possible like usually they'll they'll tell me it's hard to borrow they'll tell me like a crazy amount of fees to short it but they literally told me it was impossible and then i went to i hit up td and they said nah right um i checked webo couldn't do it um i checked everywhere couldn't do it so that's when i realized like oh shit man if i can't even do it i shouldn't even touch it but yeah i'm glad it wasn't available man i'm glad it wasn't available because i would have wreck right i would have just diamond hand it you know how i envy i would have just um i would have diamond hand it i would have probably had to run to the bank this morning with like tons of money just to like make sure i don't get you know margin call and i would have diamond hand that position until eventually came down i mean no they do borrow shares on spec i think they just didn't have it for this spec because i have sure other specs before all right at least through options but they also don't have options too all right let's look at the next earnings man look at some other earnings and then we'll look at some charts we'll discuss some theories and some other stuff um should i get in dj and play with um let me see how much warranty you get in fiat world healthy jen are you going you just bought 500 damn man even i'm not that degenerate man nice nice yeah um kip was talking about this a little bit earlier as well good luck fiat world man i hope it works out for you actually it's a good it's a reasonable strategy i just i'm just like it's just too dangerous for me maybe a monday morning pre-market if it's still around this price point or if it comes a little bit like in that range i do it with your man but right now a little too crazy bro cliff earnings per shares 2033 cents as opposed to 226 sales of 5.87 billion as opposed to 5.64 5 000 increase compared to last year 256 increase in sales compared to last year great earnings man 21 to 23 carry the whole like um sector let's see the stock compared to last year was around seven dollars it's gone up like seven to eight dollars it's about like 300 increase so pretty close to like this 256 increase in sales there so like let's say like last year stock was trading at like nine point nine dollars you know time 256 yo pretty close pretty close reasonably fair at that price point yeah man same here kip like i picked up warrants and 50 cents a dollar something range but 20 something dollars man 29 dollars too rich for my blood brother like it makes sense like i mean i like he's like i like his concept he's like he has a good idea and everything so it makes sense it's just like too risky man simply good foods earnings per share you know maybe you know what maybe i should do a paper tray man um like like our boy let me set up this let's set up this paper tray and then um and then maybe Monday i'll be able to to show this paper tray to um it's one of our other guys oh how do i set up this paper tray what do you think Hawaiian beef damn i haven't set up this i haven't played with it in such a long time don't even remember anymore so clean right you know how much i get at 97 000 let me all in oh no rejected it didn't didn't even let that paper tray go through bro since i can't do it after our session i got to do that paper tray pre-market i mean like during during the during the time frame i just just kidding around man just messing around oh my god there's so many shares being bought even the even the paper shares are gone even the paper shares are gone i can't even open the paper position oh gosh oh gosh yeah if you guys ever want to check out paper trading on trading view it's on the bottom here um i think you gotta enable it in the settings to show the buy and sell button and then once you do that you can like you can use it for your strategies and stuff like that so it's pretty cool like you can set like um an alert right and then you can have it like you know um set up to buy in certain areas and stuff or if you develop an algorithm you can do it um let's check out some of the other earnings anything else from this morning oh beyond meat had a pretty pretty ugly guidance um they said that they they're cutting their q3 net sales guidance from 120 to 140 mil to 100 and 130 so still pretty in line but very wide gap now um and then what was the same they warned that the man was impacted by border ongoing macro and micro economic factor including among others the effect of delta variant um further experience challenging operation that led to unfulfilled orders with severe weather as a key driver resulting the loss of portable water for two weeks in one facility oh snap so the the sales decrease could be potentially from not manufacturing enough and not from not selling but not making enough so that's still pretty good but that is the same time for them let's go into intel because i said i was going to check that out i want to look into that report see what's going on with them because they had a big drop and intel usually has a pretty nice presentation so intel investor relations oh they have an earning they have a they have an infograph i love these these are sexy man they take the time to make it i got to check it out so intel their quarter 2021 q3 shown as an even greater spotlight on the global demand for semiconductors where intel has the unique breath and scale to lead our focus on execution continues and we started delivering our idm 2.0 commitments we broke ground on new fabs share our accelerate path to the we game process performance leadership and unveil our most dramatic architectural innovation in a decade we also announced major customer wins across every part of our business we're still in the early stage of our journey but i see the enormous opportunity ahead and i couldn't be proud of progress we're making to our opportunity ceo says um so with that being said earnings per share is um up 59 percent year over year revenue is up 1 percent year over year the full year outlook 1 percent capital spending 18 to 19 billion um apparently they're they're doing pretty good internet of things they're they're like you know up 54 percent there but that's also a pretty small group too of their portfolio um their big portfolios in client computing groups and data center groups which is only up 10 percent and 2 percent i think so here are some highlights selected by us government to provide foundry service for ramp c program so that's good us is going to pay them some money make the make the facility and stuff share share process roadmap for delivering five knots in four years that was a pretty small infograph this time yes sir yes sir world-class foundry this is their foundry pretty cool in arizona i don't know what any of these things mean their growth is still very slow though like compared to last year their growth is like very very weak because amd had like 100 percent growth oh wow the q4 outlook is garbage down 39 percent year over year so they thank you for it they're only going to make 90 cents eps earnings per share revenue expecting to be down 3 percent i can see why the stock sold off a lot and then like full year compared to last year they think they only increase revenue by 1 percent and earnings per share by 4 percent year over year for the full year 21 so let's take a look at the stock again right um let's look at the one-year benchmark last year company was trading on 48 between 44 to 48 so you know i think if it could come into that 44 to 48 range that's a buy the dip you know because obviously they did better slightly this year than last year and they have so much things coming up in the future right so we're looking further into the future but obviously like 2021 performance was not a great performance for them so i think there is definitely like some value there you know i mean but it's it's a long-term investment it's not like yo let's get some calls for next week to to make money now this is like buying the 401k if it comes to that that you know a few dollar range that i was talking about like if it comes to like this uh 43 ish to like 47 dollar price range buy the dip you know add some shares in the 401k and and don't worry about it that much but i know i know there's a lot of AMD fanboys out there that's just gonna be like trash and then they're gonna stomp on us but no like i'm talking about like you know valuations and fundamental size of it though it's nothing to get excited about but it's a safe investment yes sir it's a good area oh actually i have a trend line drawn here it's actually um it's actually about to touch the trend line or actually did touch the trend line actually did touch the trend line 49 dollars so i guess essentially you can kind of start a mini position it's a good price range there um and then obviously the bottom is 43 right so you can kind of start a position anywhere from here to there but with such thrilling like with such strong selling pressure today i i i think we're gonna have more opportunity i think like that pressure is gonna continue for at least another day or two um before it lives off or anything like previously when it sold off it actually continued to sell off even harder so i think even getting in today a little bit too early it might even wait for it monday tuesday um hell might even wait for that dividend day man who knows but it's not bad to add some position i always add position until like every time it comes to this low range let's check out nugget production chips is key infrastructure whether most realize that not 100 i invested a lot into google and it's just green all the way nice so happy 42 congratulations it's a solid company let's check out nugget nugget is a gold miner bow etf 2x if go is doing really good nugget does really good really hard to chart it because it has natural decay um but i would say we have a little resistance coming up go actually had a pretty strong move today up 0.6 10 point move um 10 point move on the future side is a pretty strong move for for go because naturally it doesn't move that much what is that 61 61 dollars so good luck on that um let me check out go futures for you real quick as well oh go futures actually already hitting the resistance so in case you want to see that a guy from the youtube side i'm gonna paste that to him so that's why i like to check the go futures because nugget has a has a natural decay so go future shows up a little bit differently and then for you guys that need access to the spreadsheet here it is yeah even one would say you could even start a wheel strategy at that price point a alright so we also started um we said i also started x-ray 2k challenge today as well for for some of you that um that weren't around the channels so the goal here is um you know to to like a lot or a lot of these earnings plays that that i could make educated guests on so if you guys you know for for some of you guys that been here since like uh like a while ago and it's showing up you know i've been making some guesses on on a lot of the on a lot of the um earnings and stuff and like starting off we started the guests um we started you know like guessing from the first tray i think was was um was on tsm right we started the guests from tsm side and that was pretty good that played out well for us because tsm had dropped so much and and you know and we like started there so that worked out pretty well and so far it's been working well between tsm netflix um goldman sacks jnj stx and cmg um then some of you guys i talked to you guys personally um a few guys a few of you guys personally on some of these earnings plays and we've been having pretty good success so that's why i kind of like rolled out the strategy and and like have more people check it out and hopefully you know help help you guys make some money in this tray because that's like what a lot of my trades are mostly like that's these are like times where i make the most money usually on earning seasons and when we have like these big earnings plays that's where a lot of the opportunities are and a lot of the stuff like if you like just understand like the uh the economic and fundamental side things it can you can usually get that pretty good edge but i tried to combine it between um the fundamentals and from the chart side so today we started spotifying facebook and on spotify let's see if we can get into why i started that position and where i think it was going so on spotify we have earnings coming up on october 27 right um and that's next ones day i started that position a little bit early i'm looking for that 240 range over here so let me pull that up um but i actually bought the puts for 245 the cost was between 100 to 105 toward the end of the day is pretty cheap so all we have to do is get like you know within these ranges so like for example um the the front month expiration is um is on october 29 so we're selling a put um we're selling that front month at 245 put right and we're buying the put for 11 november 5th on the later month so as we're as we're selling that front month and buying the later month all we need to do is for it to not go up or just like not even go past 265 so we have two things in our favor the first thing is the premium which is iv for iv to drop if iv drops on the front month because the front month cost five five dollars and 40 cents right um the front month costs that much the um the back month cost 645 if this front month completely dropped and they moved a little bit toward our direction iv the and since the expiration is closer the data burns going to be stronger in that too so that's why we'll make money regardless um based on the fact that as long as just like stays in this current area or just moves closer our direction so if it goes to like 245 um let's say by one day right let's say even before er let's say those there by that time frame we'll make 200 dollars uh in addition to the 105 dollars we put in so that would net us 300 so essentially even at that point we would already make two to one um in terms of risk and rewards so if you think about it like that like it's almost a no-brainer you you're winning you know the only way where it's going to go against you is it's like it freaking blows up and goes to like 270s right but at the even at the point right now it hit the top of the ball in your band so i'm betting that even before er there's a good chance that if market drops it could go to that range and if it goes to that range i wouldn't even wait for er i would just take profit right there even though it's an er play i wouldn't even wait for it because if it gets there if it gets to 245 and i'm up 200 dollars on the hundred dollar play so if my hundred dollar play is up 200 that means that play is now worth 300 dollars if i start to play 100 and it's worth 300 you best bet i'm taking profit on that you know what i mean so it's a pretty reasonable play there and the last few times it's at the top of the range it's worked as well well you got in on twitter and ebay nice when does the ebay earnings i know we talked about twitter next week i kind of wanted to get into twitter but that's on tuesday so i'll probably start that position on monday um i think it's tuesday after hours too so i might even wait to see how facebook play out before we really get into twitter since they're like both pretty like in the same sector of social media um as far as facebook originally i was a little bit bearish on facebook um because let me show you why so originally i was a little bit bearish on facebook because um because snapchat's earnings was pretty ugly um you know with the whole apple privacy change it it may such a big effect on facebook that you know i mean it may such a big effect on snapchat that snapchat they drop and i mean if facebook already dropped a huge move too so at the same time you can say like oh that move is already priced in right but and the the bullish case here on facebook is that we got a trend line drawn here the middle of the line over here is also the 200 you know moving average right and 200 moving averages you know uh possibly one of the strongest moving averages are most liable moving averages because most stock find value there and it bounces so that's why instead of just showing i started two positions um i started the bullish position and the bearish position so the bullish position is to november 5th and and that is going to go to so i'm selling the november 5th buying the november 12th right and and pretty much pretty much if it gets anywhere if it gets anywhere in that range at the earnings so let's say like let's say they have a great earnings a monday at the hours right um stock was trading at 322 they have great earnings stock shoots up to 340s right shoots up to 340s we'll be up a little bit money we won't be up that much we'll be up like $50 but if it shoots up that much what we gotta do is now sit on the position and hope it stays in that range if it stays in that range that 340 range right um by friday we would be green by $129 if it continue to stay green right even if it continues to stay above 330 um by by november 5th we'll be up $250 on the $85 play um since we did a double play we would be up $250 on a whole $185 play yo what's up ian how you doing so at the end of the day it's like it's like we're gonna win almost regardless in a way the only way we won't win in this direction is that if facebook never recovers so the other one is bidding on the drop but i looked at it and i was like a little confused man i was like damn it looks like you can pay out both way because if it let's say it drops on earnings right if it drops on earnings it's easily gonna hit 298 um if it hits like 298 we would pull in the 100 right here um by twos they would pull $187 so then if we pulled 187 can easily close that position for 100 plus gains can't even close both positions honestly because if we make 100 plus if we make $187 over here um you know we would be risking essentially considering both plays we would risk $185 we would make about um 287 and then um can even close this position at can't even close this position at um can't even close this position at $50 loss so it would still be up $100 something that's true netflix e r could have been a good double ended play long-term bullish short-term bearish but it's an interesting move is actually like partially um professor glass's idea because we we talked a few times and and like me and professor glass we're talking about it and he was like how come you're not playing calendar he was like you know like really interesting stuff and i told him i played it before in the past but i never really liked calendar because you have to be so precise with the time in the move and everything that a lot of times i rather just play directional um spreads like a call spread on the credit side or the debit side mostly on the debit side you know um but then um i was i was like i was sitting there and i was just thinking like nothing better to do and i was just thinking to myself i was like wait hold up you know doesn't earnings run up the ivy a lot and calendars bank on decrease ivy but it doesn't really bank on it but secretly it does so that's how i kind of thought about this play and we strategize a few times and and things look really interesting can see a huge potential to make money um because we want to bank on calculated moves want to count bank on calculated moves man because what if you know worst case scenario it actually stays flat it just like doesn't move in either direction then we be screwed but yeah so that's the that's the 401 on both of those plays you saw the charts um maybe should should post the charts and uh thing so facebook just bill iron condor yeah but the problem with this iron condor is you need a lot of you need a lot of margin you need almost like you know you need 1192 margins um you know for for the play where is this we're only gambling 185 dollars so we're i'm i'm i'm working on like how you risk a reward that's why i don't like to play iron condor as much but um i actually i actually messaged uh spindle the other day to play iron condor on horizon there are a few stocks that that you could play iron condor on and every once in a while i will play them um but most of the time i don't do it just because i don't have enough money and to degenerate accounts to do it but but for horizon was a pretty good to iron condor it's slow company doesn't move as much was trading at 52 40s pre market like um you know and then and then it let me enough pre earnings and then it hit 53 70s and came back down to 52 90s so within that dollar move if you iron condor it like a dollar between you know 53 50s to 51 50s you would have banked easy money we got some we got some other earnings coming up anything you guys want to take a look at we have alphabet g e um radon technologies texas instruments 3m twitter that's on tuesday um logitech as well got fort gm boeing uh coca-cola service now bistro mires and then we got apple on thursday hype caterpillar americ um and starbucks along with autoria and comcast tsm again let's take a look haven't looked at tsm in a while are you still in tsm fiat world so i don't know if you saw that um tsm hitting a little resistance on the daily over here so it's hitting my yellow line and it's finding a little bit resistance there uh we're struggling to break above that 116 ideally would love to see it come to like 120 level but things are looking a little bit weak i think i actually took profit on my remaining position as well on tsm so we got a little bit cross over here money flows about to cross over as well um i guess i guess it makes sense for 117 like if it's gonna break it's gonna break to 120 right there's no like there's no real level between that it's gonna break it's gonna break to 120 if it doesn't break it's gonna come back down to like 108 109 let me check the flow i got you man this is actually a bearish move this is a bullish move there was some 117 calls this morning pretty mixed overall this guy got wrecked interesting move here somebody bought the 100 calls at the ass for 20 dollars so break events 120 um stock prices 116 but they got two-year time frame for a four dollar premium that's a good deal actually some of you guys might not even understand what i'm talking about but it's like it's a calculated move to to like to buy equity without buying equity pretty much when you go in the mud at let's look at fort real quick so fort's been having a very strong move with tesla um hitting the double top here almost man so we'll see if um if it can break above or reject it the last few earnings hasn't been too hot for fort i don't think it's gonna be too hot for them again um despite all the good news about evs and things like that um i think they're they're they're they're continuing to struggle with the supply chain issues a lot of car inventory and and you know inventory costs money bro like for longer you have something setting inventory the more money it costs so we could we could cool down a little bit here um but if there was a time for fort to break out of the the band that would be it right there oops oh shoot look check this out on this chart um i drew the simexx triangle before and we actually did break out of that pretty well a little surprise we broke out of that so that was the the triangle here it looked like we almost broke down but we actually broke out of that trend line oh you saw cover call there that would have been it goodbye cover calls so this might be something that i would like even sell calls on the upside on bear call spreads when is the four earnings next monday that's a that's a pretty reasonable risk reward um betting it not to break above 1650 i think that could happen but yeah that's pretty much it guys i'm gonna end the stream here um we'll be back here monday to talk about more stuff we'll talk about some of the other earnings we'll look at some of the more interesting things oh atvi i got you man i almost ended the stream i was like when click away how strong move very strong move then you guys asked about atvi the other day so i guess we kind of drew the i felt like we drew this the other day man i don't remember what day it was on the stream but let me see oh yeah somebody asked about it on sues on on the 20th what is that monday somebody asked about on monday so it could potentially break out and hit the resistance around 85 dollars did we even hit that range it says 79 right now so that was what i drew on on monday up to per 20th i thought it could potentially break out of here and and hit that top range here i mean we also have this other range here as well smaller range but this would be a longer-term target going into earnings we're getting pretty close we're getting pretty close it's on the move there so if you're in that bullish tray good luck brother hope that works out man that's it guys looks like it's working out atvi i think it was either you or dairies um one of the other guys that was asking about it and and it kind of worked out pretty well alright boys have a good weekend guys take care man we'll be back monday thanks for stopping by and hanging out with us