 Good afternoon everyone and welcome. This is Melissa Armel with a stock swish, and I thought I would review today CMG This is an option trade that I called actually more than a week ago. I guess it was the 11th So two weeks ago, and it's very interesting Yeah, it was Tuesday two weeks ago very very interesting because the stock completely plummeted last week And has just fallen off a cliff ever since and one of the things that this trade is still on for anyone That's in it because I gave option expirations out till August 4th and the following week the 11th I don't know who was still in this though after the drop-off that happened last week But anybody that is it, you know is up a huge amount of money This is more than doubled even since last week's exit Why because I call the 380 and 375 puts and the stock this morning was a low 336 50 something So I mean that is a massive move and in the time that I called it It still has time left to go now the earnings are out. However a report tomorrow night Tuesday evening So we don't you we don't know what's gonna happen on those and we'll have to wait and see So I would suggest to everyone to exit this trade if you did not last week by today you made more money exiting it today and again It's an unknown with the earnings report until they do it But the interesting thing I think to learn about this chart is how you can make money playing institutional moves for follow-through and Continuation and you do not have to wait for pullbacks to get in trades when you know how to play the gap Okay, so what people don't understand about? Charts our gaps number one and number two people do not understand actually that you don't have to do an entry in Something or decide on the directional bias to take something for a pullback or a pull in In this case here, this was a short So if you were looking to get some kind of big rally in this to short it you lost money Or if you were trying to do the reverse and go long the stock Against the sell-off that happened here thinking that it would bounce Which every which has never really bounced at all, but every Smidgen Midsum that you could even construe is about so let me get rid of this when this happened in here after the Fall of here here and then here and then also here I mean if you tried to go on the stock thinking it was going to have a rally back to some area For a quick scalp or whatever people call it you got hurt I mean you got hurt and that is not the reason this continued to drop so drastically The reason is because selling action comes in huge big and fast when it does in stocks panic selling action That's exactly what happened in this all the way back from the gap in here when stock broke 400 on this day in here Fell off a planet on news related something that happened in here and continue to go so This is a great example of plain momentum plain institutional money and how you got to play the gap But you got to know how to do it and so many people don't understand gaps They don't understand how playing with momentum into the momentum into the volatility is the right way to make money as a day trader or swing trader an option trader or anything and actually it's so easy to Make money if you get the direction right with momentum of volatility And I am able to predict that with my golden gap method and I'm able to predict it quite phenomenally Actually, because I did tell people that 350 was a dream target on this In fact, I told people that then when this happened But you know, I didn't give I didn't give as much time in the in the option that I called in this So I called a second one When past it and almost 20 dollars past the dream target and this trade still on if anybody is in it So who knows what it does to you tonight? I Will be watching this and many other things this week big big big week this week for earnings for a big week for the market and Just what a what an amazing show of selling action here in the CMG And I think that people can learn a lot from this chart and people can learn a lot from this chart So congratulations to everyone everyone made thousands and thousands of dollars in this depending on the amount of size you took in it, but what a huge huge trade and You know for depending on what time you got in of the second call that I made which some people have better prices than others But on average if you paid six dollars for one contract and got out here You would have made $18 profit if you were still in it in here today You could have made $33 profit that that's just huge the cost to sell it today was you know around 40 something So that was just phenomenal so congratulations to everyone and I'll look to continue making these awesome calls for everybody on the option letter Email me at Melissa at the stockswish.com if anyone would like more information to sign up for the gap options letter You can reach out to me. Thanks everybody. Have a great day