 Good morning everyone and welcome. This is Melissa Armo with a stocks question reviewing spot spot You know spot was a tough one here I Called spot as an option trade last week in the earnings and it rallied so I called it as a put the 150 puts expiring May 18th, and it's gonna end up being a huge trade But I think a lot of people killed it now when you train options in the letter You got to have decide what you want to do for money management I say either kill it at 50% or you hold you hold all of them So that means you hold the ones that work to the big moving and the ones that don't work you hold out Past the 50% mark. So in other words on this day, if you had if you did the put You would have been down and you would have been down more than 50% But this is working out. It's through the straight and actually this is this is going to be a big trade It went two points through the strike this morning And it's going to end up being a huge straight because it's gonna it's going to continue to sell off here now So and in fact this sold off on friday gapped up and fell hard despite the fact the market rally Now that's not the reason this is working. It's working because the gap rated well And and I rarely rarely look at things that don't have a lot of data, which this did not But again use the rating system the 26 points That's how I call the options trades and all the trades we do in the room in the morning It's a day trades and the gap rated good it did that's not to say that every single gap works Sometimes the gap doesn't work and there isn't a reason But very often the gaps that rate well 20 points or more do work way more than not And even if they don't work the actual day of the earnings Or the day of the gap if it was a news gap or a market related gap or a sector gap or a gap for some other kind of Reason other than earnings Usually it will work the next day and that is what happened here That is exactly what happened here and it didn't gap at all today just open and dropped But this is through the strike and it's lower and this is going to end up being a big trade because it's going to continue to sell off here And this is on its own and has nothing to do with the market at all Because you see the market here and you see this So there was one person in the room that said this and he's going to have a big trade in this I mean who apple was huge But who knows this could even be bigger because this could literally literally literally Drop 10 15 20 points even in a week So this will sell off and continue to do so. So it was a really it was it was hard to see that was going to work Except for I went with the ratings. So the rating. It's the gap rating. That's how that you you just it You've got to have conviction in the rating system Which if you don't if you're not a student you don't know But if you sign it for the gap letter and I give the trade I'm giving a face to my rating system Even if you never did the class so you got to go with it But money management rules are still important if you really can't stick with the trade and you're down 50% then kill it But then then you're taking quick profits in the ones that work and killing the ones that don't at 50% And in this kind of tricky market, whatever you decide, you do have to be consistent consistency is key in this market Or you're going to be chopped up to bits and pieces so if you're holding every trade you're holding every trade and then you're getting the big moves and You're and then some the some that you'll lose and you'll lose it. Okay It's still an 80% win ratio with the option letters same as with the day trades So there will be Two out of every 10 trades for the letter you're going to lose an eight out of every 10 You're going to win But some are better than others and this is going to end up probably being a very large winner So congratulations charasing or stayed with it She's the only one in the room and we'll we'll just see where this goes. I'll be monitoring it Have a good day everyone