 Hey guys, are you able to hear us? If you can hear my voice, can you type B, B-E-E, in the chat, right? Because today we are in the Be Rich platform. Yeah, yeah, okay, good, everything is good. Hi, good to see every single one of you, all right? Can't wait, I can see Brandon is here. I can see, or some of you are like in number, I don't know who. How about, how about, how come you have so many comments? I don't, I don't have so many comments. No, you have a lot of comments. Or you have to open the B app. Ah, open the B app. Okay, so for those who are still watching, oh, okay, okay, good, good, good. I can, okay, I can hear myself as well. So for those who are still watching, yeah, you can barely use the B app, and then in fact, you can even ask us questions here so that we can see you as well. So along the way, okay, this is a very bonus special Q&A session, all right? For those who are graduated from OMI, maybe you can type OMI in the chat, right? But even though you are not an OMI graduate, don't worry, we can, we will really make it as simple as possible. We will actually explain some basic concepts or options as well. And for those who have already graduated from OMI, in fact, we will also go deeper into certain OMI strategies so that we can answer some of your burning questions, right? Especially how to invest in this volatile period of time. So I can see everyone is here, B. So, okay, some people are from OMI. Good to see every single one of you. Now I'm going to share my slides. And if you can see my slides, please let me know. Okay, I'm just going to adjust this to smaller. All right, can you guys see my slides? If you can see it, can you type S in the chat? S stands for slides, all right? So together, together with me today, I have this amazing investor and his name is Safe Investor. In fact, he's all the way from Taiwan and just nice. He's in Singapore and that's why we are doing this special webinar Q&A together. He is a very strong options investor. So that's why later on, he has a lot of things that he's going to share together with all of us, all right? So yes, everybody can see. Now, Safe Investor, are you ready? Let's go. Let's go, let's go. All right, so everybody can see, right? So today, it's going to be a one-hour special segment. So feel free to ask us any questions along the way and just put it in the chat so that we can all see. Okay, I can see like 300 of you watching right now. So let's go. Okay. Now, what will be covered tonight? It's going to be super amazing. So this slide is, I prepared together with the Safe Investor. So Safe Investor, can you share with us exactly what are we going to cover tonight? Okay, so for those who are excited, type E in the chat. If you feel excited, if you want to learn something, type E in the chat, type E in the chat, if you want to learn something tonight. Because I actually prepared this slide and there's a lot of bonuses to give out to all of my students and you will actually benefit a lot from it, okay? So let's get started. I see some E's, good, good, good. Okay, let's get started. Number one, we'll go through some option basics. Number two, we'll go through the original for all of my strategies. So if you haven't joined all of my, definitely definitely check out all of my, for all of my, for all of my students, I'll go through the four strategies again so you can have a bit of review and see what's going on. And lastly, I'll introduce VIX because VIX is super duper powerful, combined with options, you can actually hedge and make a lot of money with VIX. Okay, let's get started. And then on top of that, okay, because there are also some beginners here, so we just want to cover some basics about options. Who here is beginners that you have very, like that you're very new? If I'm very new, can you type new in the chat, all right? So that we can see if all of yous are already experienced, probably you can go through this very quickly. But if you're beginners, maybe you just spend a little bit of time to explain to those who are very new so that everybody can learn together. So if you're new, please type new in the chat, all right? So in the first place, okay, for those who are not sure what are options, basically it's just a contract, right? But this contract is super powerful. If you know how to use this contract to your advantage, actually you can profit a lot more compared to buying and holding onto stocks. All right, new two options. Okay, Darren is new, Brandon is new as well. Okay, so let's really go through what is the basic of our options. Basically, you think about it as in terms of contract. So can everybody type contract in the chat? So there are two type of options, all right? One is call options, one is put options. So the safe investor, can you share with us as a buyer, all right? Let's look at the top hand corner, right? Which is the buyer side. So can you share with us exactly what is buyer of call options first? Okay, cool, cool. So let's go into the copy. So today we won't go into the sell option, the sell part, we'll go into the top part, which is right here. Okay, so guys, so remember, when we're buying options, it will buy a contract. We're buying contract and saying that when you buy a call option, it means that you have the right to buy 100 shares at the predetermined price. So that is your right. When you buy the contract, when you buy the contract, let's say if you buy Apple, stocks and the strike price is at 100. And it actually means that you can buy 100 shares of Apple at $100, regardless of the market condition, moving up or down before the expiration date. Now, what does a buy put mean? A buy put can be used to lock in your selling price. So going back to the very fundamentals of option, if you want to buy something and you don't have enough money, you can lock it in with a call option. If you want to sell something and you're not sure if the market is going to go down or go up, you can lock in your selling price with the put option. Okay, so let's go and look through some examples. Oh, no example. Yeah, I took out the Apple slide. So, okay, maybe I can explain more in terms of very layman context. For example, let's talk about like, how many of you own a property? All right, if you own a property before, can you type P in a check P sense of property? So in the past, okay, people instead of buying and selling the property right away because property actually involves a lot of cash, right? So instead of buying and selling the property, some people actually make a lot of money buying and selling a contract to purchase a property. And then actually, eventually, they actually get this contract in their hand, they get it at a low price. And eventually, when the property keep on appreaching in prices, the contract worth more value, all right? And they actually sell away the contract at a profit. So the same concept code goes to options as well, right? Just now what I'm using the property context is the core option, right? Because when you lock in the purchase price of the stock, you can buy it like for example, right now Apple, it's about $100, right? Apple is about $100. So how many of you believe that? Believe that in the long term, when Apple continue to make more money, all right? The stock price of Apple will increase, okay? If you believe so, can you type I in the chat? I sense of increase, right? Because historically, okay, maybe I'll show a screen like a share screen. Hold on, I wanted to- Someone's saying that or- Yeah, yeah, it's okay. But I'm going to show another thing. So let's say AAPL stock price, right? So, all right, so let's just do five years, all right? So I'm just going to share screen on the chart of Apple right now so that you can see. So plus, hold on, give me a while. It's the first time I'm using this very amazing tool called OBS. And I think it's very robust, but I need to find where is the place that allows me to find my Apple share screen. Where is it? Oh my God. Let me see, sorry guys, let's have a look. Server, no. It has to be like Chrome or something. Chrome, okay, there's no Chrome here. Okay, why not take a screenshot inside? Maybe we just should. Okay, good idea, good idea. Okay, genius. Okay, I'm just going to take a screenshot of Apple stock price inside the slides right now. Okay, hold on, I'm gonna paste it here. And bam, bam. Okay, there you go. I think people are able to see, right? Yeah, we need to go back to the screen. Okay, I'm just going to full screen this. How about now? Okay, there's a delay, should be a go. Yeah, I think, yeah. Okay, so you can see that actually, how many of you believe that it will increase? Okay, so some people believe that long term, okay, if people continue to buy, buy Apple products, when the company make more money, actually historically it's like that, when the company perform even better over time, when they make more money, actually the, because the revenue, everything continue to increase, that's where more people believe that this company is going to do even better, and that's why they start purchasing the stocks, right? And that's how the stock price will also increase over time. And that's why you can see that actually Apple share price for the past five years actually increased by, I think close to 285%, right? I'm just going to make myself smaller, and you can see, right? So it has been increasing. So if you believe that in the long term, Apple share price is going to continue to increase, that's what you can do right now, instead of buying the shares outright, which you're going to spend quite a lot of money, let's say if you want to buy 100 shares, but if you want to buy 100 shares, you need about $13,000, but if you buy a core option, that is just a fraction of the price, and it's usually about 10 to 15%. In right now, it's about 15% of $13,000. So instead of $13,000, you only spend like 15% of it, and you lock in the current share price of Apple at about $130. So eventually when they continue to increase, you actually make money because your core option right now will be worth a lot of money. So that is the concept of core options, right? The reverse will be if you think that Apple share price is going to drop in the future, rather than short-selling the stocks, which can be very dangerous, you can actually buy a pool option to lock in the sale price of Apple right now at $138. Let's say if it dropped to zero, you can still sell at $138, and that's how you make money as well by buying a pool option. So that's the basic concepts of options, and I think right now, let's go through some OMI strategies because I believe majority of the students here are in fact OMI graduates, right? So the first strategy, in fact, it also has to do with the questions brought about by our followers, okay? We actually throw in this Google form to ask you to fill up your questions. So both Ken and I tonight will try to address as many questions as possible. We have prepared the slides, and along the way, if you have any additional questions, just drop it in the chat so that we can really keep this going. So actually the first two questions are from Kevin and Eddie, all right? So Kevin, he is asking, how to recover sell-put that drop a lot in price? Okay, Kevin, are you here? If you are here, can you type me in the chat, so that we can answer your question directly? And Eddie, if you are here, maybe you can type me as well. So Eddie is asking, how to recover from a BOSS strategy that if the stock price drop 50% and the company that he's talking about is Meta, which is Facebook. So maybe Ken, you can share with us a quick recap of what is BOSS option strategy about. Okay, so guys, so now let's go back to very basic. BOSS means that you want to sell a put. You want to sell a put and you want to collect a premium. So you can see this red line over here. It means that you kind of don't want the stock price to go up below that red line, but because of the market price, it actually went below. Okay, so let me tell you how warm-buffet actually does this sell-put strategy. So guys, so before you do the sell-put strategy, you have to make sure that it is a company or something that you want to own, right? So as an OMI, you know that you must have the cash, okay? You don't do the sell-put if you don't have the cash. You must have the cash before you do the sell-put, okay? So now if this goes below the 50, drop 50%, right? Now warm-buffet, whenever he does the sell-put strategy, he wants to collect the real shares. He wants to collect real shares. So, you know, you can see his Coca-Cola, it means that, let's say the stock price is at $50, he sells the put at $30, and if the Coca-Cola drops to $20 and $10, he still is willing to buy it at $20, right? The strike price. So this is the fundamental mindset that you should have. You should always look at valuation. Is it undervalued? Is it something you want to own? Is it something that you are willing to hold for a long term, okay? So if you don't want to, if that's not what you want to hold for a long term, don't do the sell-put, right? Don't do the sell-put. Okay, now there is one strategy that I can use. It's called a rollover. Do you want to explain that? I mean, like you can, you can answer. But before we explain the rollover thing, right? Let's say if we go back to Addy's question, so maybe for people who are also watching, what do you think about Facebook or Meta as a company? Is this a good company? Is it still a good company despite of the stock price dropping? Or you think that actually it's not a good company? If you think it's good, can you type good in the chat? If you think that it's a bad business, can you type bad in the chat? And if you think about it, actually to me, I think Meta is still a very strong company because it's one of the most precise marketing platform that organizations that companies can reach out and to get more new clients, right? And in fact, for our company, we also spend a lot of money on advertisement and the place that we send the most money because it's most effective is still Facebook. So you ask yourself, right? Let's say by that time when you sell a put on Facebook, which is you promise to buy 100 shares, maybe at back then 300 over dollars, is this undervalued already? If it's already undervalued and if the price keep dropping, I understand that it can be very painful, but you need to ask yourself, if it's undervalued and if you give yourself a longer horizon investing timeframe, will the stock recover? If it can, because it's still a good company, then I think there's nothing much to worry about. However, if you feel that right now, maybe your portfolio allocation in terms of Facebook, it's too big that because of the drop right now, you just feel like your portfolio is being heavily affected, then maybe you can consider selling some of the shares away. You don't have to sell 100 shares, everything because you have 100 shares, you can choose to sell part of it. And that's how you can kind of recoup some of the cash and you use the remaining cash to buy something that is some to you that is really undervalued and has high growth potential, which I think Facebook right now is a really good valuation right now. What do you think? Okay, so I'll just look at Kevin, Eddie's question. So Eddie and Kevin, if you're here, let me address the question again. So what I'm thinking in my mind is that maybe you actually caught the shares, so you sold a put and you caught the shares and then it continued to drop more. Is that maybe that's one of your trying to ask, right? So going back to the basics, right? You wanna make sure that, okay, so for number one, you made the premium, right? You made the premium right there, so you make some additional money. It's just like your stock is actually, it dropped 50%. So I mean, you have to have conviction in the company that you're selling puts on. Okay, now if you're doing a weekly put, there is like a roll over, which is like you can close the original put and then open a new self-put. Okay, so basically you close your self-put and then you roll it over to the next week. It's called LRO, it's an old strategy. Yeah. Yeah. Yeah, so that's how you can, if you want to repair, you can keep on rolling down, right? And that's how, over time actually, this strategy has also been proven effective because as you keep on rolling over, you have, you make money from your extrinsic value, which is your time value, right? So over time, you kind of lower down your purchase price of Facebook in this case, right? Meta in this case, all right? So let's continue with another questions, all right? So Shoppern is saying that if the recession is expected to last for 18 months, buying core or BOSS open strategy by selling put seems risky. How do we optimize options in such market condition? And in fact, another student also, okay, but maybe before we address more questions, what's your view on recessions that's gonna last for 18 months? I think recently you actually listened to a podcast and you said the average recession is like, the bear market is about nine months. Nine months, right? Usually about nine months or almost there, almost there. Almost reaching the average of the bear market, okay? So now if the recession keeps on going, right? So now guys, if you really were combining value investing with options together, right? So you wanna think about when the price goes lower and lower and lower, your call option actually becomes cheaper and cheaper and cheaper. Okay, so now before we go into options, right? Originally, let's say you have the SAP 500, let's say you have PQQ, right? When it drops lower and lower and lower and we think about stocks, what would you want to do? Like for example, right? And when it's expensive, you have to pay $400 for one SPY. Now, but as it gets lower, cheaper and cheaper, right? You only need to pay $350, $300, maybe even $200 for just one share of the SAP 500. Now when you apply that method into options, right, you think about it, are the stocks or the ETFs something that you really want to own? So let's say originally your one call option of Apple costs you like $2,000, right? But then as the Apple share price decreases and decreases, your call option contract price will also decrease and decrease. So for example, originally one call option will cost you $2,000, but right now because the price is so cheap, the Apple price came all the way down, so one call option only will cost you $1,000. Yeah. So it's all about that thinking about that, the long-term and value investing mindset right there. Same thing with selling puts, right? When you really want to own something, it's actually when the price gets cheaper and cheaper, your risk becomes lower and lower and lower. Because your sell put, you sell the below strike price, right, originally the strike price could be $20, but because the stock crashed, so your strike price comes down to like $10. So even in cash shares, it's actually lower risk. Yeah, and I think after investing was so long, I just really think about investing as about risk management, especially guys, okay, if you think about it, nobody can time the market, right? It's impossible to know when will the recession end. So instead of trying to time the market, I think the more effective way of investing is really start investing when the valuation is good price to buy, right? For example, right now I know it's bear market, a lot of people may think that it's very scary, but research and statistics have shown that so many millionaires, in fact a lot more millionaires are created during a bear market, right? Because when everything becomes so cheap and those people who took action during bear market, that's when the recovery can be a V shape or can be a longer time, you know, like who knows, right? But then when the recovery happens, that's when their wealth multiply multiple times because they bought it at a really, really cheap price. So I think instead of trying to think that how long is the bear market going to last? It can be nine months on average or can be even 18 months because historically there are also times that recession can last for a long time. But if you just continue to invest, I think that is a much better strategy than trying to time the market. How many of you agree with that? If you agree, can you type A in the chat, right? Because for the past five years, if you just keep on, okay, let's not talk about five years. Five years can be a little bit too short, right? You think about 10 years, 10 years in terms of investing horizon, for the past 10 years, there are crisis happen, right? Even the COVID crisis or the recent recession as well. But the market has also gone up close to 200%, right? Since 10 years ago. So your wealth has been increasing, right? Like despite the fact that you go through multiple recessions throughout that 10 year period. Yeah, so that's my take on that. That's how, like what can say, if you do it at the right valuation, the risk is already super, super like control and minimize. Let me add a true story to that. So guys, who does crypto investing here? If you do crypto type C in the chat, I'll tell you a true story about crypto. Type C in the chat, if you do crypto investing, like Ethereum, whatever, with Solana and all that stuff. Okay, so, because I actually got recently gone to NFTs, right? Now I didn't touch the NFT before, was because usually NFTs are calculated on Ethereum price, right? So one NFT can be 0.1 Ethereum or totally one Ethereum, right? So, but now, because of the Ethereum crash right now, the Ethereum came all the way down, it crashed so much. So I was like, holy shit, like even though the NFT price was 0.1 or 0.1 Ethereum, I look at the Ethereum price and you know, you convert that to US dollars, the entire NFT becomes super cheap. And as Ethereum come more and more down, I just kept on buying and buying and buying because like I can feel like, let's say originally I had to pay, for example, maybe a thousand dollars for some of the Ethereum, like 0.1 Ethereum. But right now, 0.1 Ethereum only cost me $500. So I'm like, holy shit, this is cheap. This is so cheap, like I know it's a good NFT project. So I'm buying good NFT projects when the Ethereum is crashing down. So that is value investing, that's value investing. Yeah, I think the whole concept is about value investing. You buy things that you think is valuable when the price is cheap, right? And right now, in fact, the bear market is really giving us a lot of opportunities. Now let's continue some additional questions. Jason is saying that, no, what if, no, he does the Paracupa strategy, which is an option strategy for those who have not watched it. Maybe you can just Google YouTube Paracupa and you will see one of my investing mentor, Sean, he actually did a video on this strategy, right? So but because recent price dropped, and that's why options also drop as well and that's more than 50%. And Fiona is asking that, buying a long call option when the market is uncertain. Do we do that? We are not sure. Okay, once again, how long will the bear market last and due to time decay? So what's your view on buying call options during this volatile period of time? All right, so let me answer this first. So let's go, maybe Fiona. Okay, so now options, you do have time decay. There's no, no, there's definitely, so that's probably, even OMI, you always say buy the longest one, or very, very long one, right? So, okay, so now, you can't do anything about the time decay, but one number one, going back to the basics, like because the call option is actually preaching now, you can, okay, so now, don't do this unless you understand what I'm trying to say. So originally, let's say if you buy one or two shares, right, you buy one share when it's like 400, you buy two shares when it's 300, and you buy five shares when it's, the price is 100. So you lower down your average buying price with stock, right? You can one share 500, two shares 400, you buy five shares at 200. You lower your buying cost. You can do the same thing with options, okay? But you have to understand what you're doing, okay? You have to have strong conviction. It means that, let's say you buy one call option at $400, and then somehow the stock market crashed down to $200, and you have strong conviction, you're supposed to, you should probably buy two call options at $200, okay? This will probably, you know, if you don't understand it, don't do it. Okay, don't do it, otherwise you'll lose more money, but you have to have strong conviction. Otherwise, what you can actually do is because the price is so cheap, at that time, at this time, when you sell a put option, right, you collect the premium, because the price is cheap, your risk is actually lower. So you can actually keep on selling put option to kind of repair your losses. Power Koopa, if it drops below 50%, now I do share this in my own group coaching about value trading. I won't go in debt, but what you can do is, you can actually, you know, okay, so let's say if you can't hold it, you cut loss, right? You cut loss, but at the same time, you feel like, oh, the market is so cheap. What can I do with this money? With that money, you can buy QQQ call. Okay, so basically you're selling where your SPY call, and you're trading it for QQQ call, and why you're doing that is because we know that QQQ will go out faster than the SPY. So basically you're trading a lower volatility co-option onto a higher volatility co-option. And, you know, when it goes back up, you know that QQQ will go up much faster than the SPY call. So there are a few strategies that you can kind of move around. But investing is all about money and money in different forms, and in different forms that have different volatility. So, you know, I don't know if you're in my group coaching or not. If you're in my group coaching, you'll understand. Sometimes when you talk about portfolio management, it's all about increasing and decreasing your volatility in the market. I totally agree. But then for those who don't really understand but basically he's talking about value trading, the kind of concept, right? I think, okay, let's keep it simple first. So for example, like Fiona is asking, do we buy long call options when the market is uncertain? Now let me just, okay, so buying a call option, what does that mean as you remember the property context, right? Like you kind of lock in the purchase price of the property right now with a small amount of money, right? Instead of buying the full property using the log cash, you're paying like maybe just 10% to 15% of the price to lock in the property price, right? At let's say a million dollar, right? And eventually, even though the property increased to two million dollar because you have this contract, you can still buy a million dollar, right? And that's why this contract is now worth a lot of money. Now the same concept when it comes to buying a call option, right? I want to lock in the price of, in this case, for example, S&P 100. I want to lock in at $380 because I believe that long term, the stock price is going to increase to $400, $500. And that's why I'm locking in right now. And that's how when the stock price really increased, my call option is going to worth a lot of money. And that's how I can make money by selling it away away. So I just want to once again use historical data to show my point of view when it comes to investing during this volatile market. Like guys, if you were to count how many times did the market touch the EMA 200 for the past, from since 2014 all the way until now, it's close to 10 years, right? Close to 10 years, guys. How many times did we actually manage to touch a 200 EMA? The red one. Yeah, which is the red line. Okay, if you count, which I already gave you the answer, right? Because there are four arrows that I draw out. There are only four times. Guys, out of this 10 years period, that we only have four chances that we managed to get a bear market that touched the 200 EMA. And then what happened is when it touched, after that, it start to rebound, right? So you can see that one of the more recent touch before the recent bear market was back in 2020 COVID, right? That was a touch. And then in fact, it dropped down a little bit more. But that is when it really tests you as a conviction, as an investor. If you believe you are long-term optimistic about the economic outlook and you are long-term optimistic about human, you know, us wanting to evolve, us wanting to improve, then isn't it the best time to actually start investing during this period of time? And if you are somebody completely new, that means you have not even started investing using options, I think this is the best time, right? Because you finally get this chance that you managed to touch your 200 EMA again. And what's likely going to follow is a bear market will end. Everything will come to an end, right? Even a bull market comes to an end, that's why we have a bear market right now. But when the bear market comes to an end, that's when the bull market return, right? If you can buy it right now, your acceleration using core options, which is strategy X, it's going to be super-accelerated, right? But having said that, if you already have certain positions in, let's say Paracoba or buying core options on S&P 500 and it's in losses, my personal advice is depending on the duration of your core option. If you still have, let's say one year or two year ahead, I think there's nothing to worry about because you have time, right? But let's say your contract duration is going to expire in the next two months or so, then I will say that if you still have bullets, you can choose to reinitiate another contract, right? But once again, it depends on how many bullets do you have. If you still have money, I will say that this is the best time to add some more. But then if you already have a huge allocation in S&P 500, using core option, I will suggest now wait a little bit because you already have a lot of positions. I will say wait until at least your 20 EMA crossback, your 50 EMA, which we taught in the OMI class, right? For those who have attended OMI, you understand what I'm saying, right? At least that is the first sign of bullishness. And you want to, if you want to be more confirm, then you want to wait for your 50 to crossback your 200, that's when the bull market return, right? So that's how if you have existing position, that's how you can play it even safer. But you have no position. I think this is the safest time to start investing. Yeah, that's my take on this. Okay, let me add something. So guys, so remember when we do investing, everything, anything has to be done before it happens. So for example, you have to, let's say you have to get in the market before it goes off. You have to kind of hedge or get out of the market before it comes down. So if you have a losing position right now, okay, my straight opinion is like, it's in the past. You can't do anything. You can't fix it. There's almost no way to fix something that's already gone and done in the past. You also have to think about what's going to happen next. So if you think about it's going to crash, then maybe buy a put option. You think it's going to go up, right? And you're going to the chart, maybe, okay, just maybe buy a call option, right? You have to always think about what's going to happen in the future. Anything, everything that's done, it's in the past. You can't go and fix it. You can't. There is no way to fix it. Okay? So I think we have kind of covered quite a lot on that. Okay, now, some people are also asking how to profit from a bear market, right? Douglas is also saying, oh, is this suitable to put on SPY right now in this bearish market? So let's explain what is buying put options first. Maybe Ken, you can explain more time. So guys, so remember, when we buy a call option, we're locking the buying price, right? You have the money and then you don't have the shares. You're locking the buying price. When you buy a put option, okay, going back to mindset, it means that hypothetically you have the shares, you want to lock in your selling price, okay? So for me as a sales investor, I kind of don't buy puts to make money. I buy puts to protect. Let's say I have 100 shares of SPY. And I feel like this is a clear downtrend, right? I buy an insurance with put option to lock in my selling price. That's how I kind of protect myself in the market, in a downtrend. Yeah. When, how does buying put make money? It's when the stock price drop. That's when your insurance starts to kick in, right? It's just like when you buy normal health insurance and when you get sick, that's how the insurance pay out to you. The same concept is when a market gets sick. That's when the insurance pay you because you buy the insurance on the market, right? So is it a good time to buy put? Well, actually if you look at it, it is indeed on the downtrend, right? So remember during OMI, we talk about if you want to buy insurance, which is buying a put option, you want to, you can buy it during a downtrend, of course, but you want to buy at which one support or resistance? Can you guys type down for me if you want to buy a put option? When should you do it? Support or resistance, right? And if you check back the chart right now, we are kind of in the middle of support and resistance. We are in the middle. So definitely this is not the best time to buy a put yet, but if you want to buy a put later on, you want to make sure when, at least when the stock price go back to resistance, which is downtrend resistance, and then you buy a put for it to have a higher probability of dropping back to the support, right? And that's how you profit from your put option. But once again, in our OMI, we also shared about you don't buy put if you have a smaller portfolio, right? Because buying put is just like buying insurance. If you are not very well to do, I don't know, how should I say that? Oh, when your portfolio is not big enough, then there's no point to buy insurance, right? Because there's nothing much for you to really want to protect, right? Because your portfolio size, small portfolio size is already an insurance itself, right? You do not have a huge capital to be risking in the first place. So only for those who have bigger portfolio, like in my opinion, six figure or more, I think it makes sense to buy put option as a form of insurance, but not a form of bet, right? So that's very important. Now, the next questions from Alvina, she's saying that the price of my sell call options are much higher compared to the current market price and mostly expiring what can be done or just wait out. Okay. Oh, well, so she sell a long call. No, she did X plus. Alvina, are you here? I think you're my coaching student, right? If you're here, can you type here? Because I kind of remember the name. I think you're my coaching student. If you're here, can you type here? Mm-hmm, mm-hmm. Yeah, so while waiting for Alvina, some people are asking, if we wait for the 20 to cross above 50, we will have chance of miss the low price, right? Yeah, exactly. So that's why I say if you have multiple bullets to shoot, you can consider shooting one right now and then at least you don't miss out the low, right? But once again, it depends on whether you're risk appetite as well because right now, when you enter options, the risk is slightly lower, higher, because it's on the downtrend. But once again, if you look at the chart, actually right now it's a very safe time because finally you manage to touch your 200 EMA. Yeah, so I'm not sure Alvina is here or not. Okay, so guys, so what she's saying is that when you do X plus strategy, sometimes like in a bear market, the price can come all the way down and when you could originally the X plus strategy is you want the market to go kind of flat, kind of go sideways. You want to buy a long collection at the bottom, keep on selling your call options for you to collect the premium. But sometimes because the market comes all the way down and because it's so below, it means that you won't be able to sell a call option to collect a premium, okay? So now, how do you solve this problem? There are two ways you can solve this. So whenever the price rebounds to the resistance level, you sell a call option, okay? Whenever it rebounds back to the resistance level, you sell a call option, okay? So now that's the first way to repair it. The second way is like what I mentioned before, you treat it as you look at the call option and you're going back to the value investing concept, is it a good time to buy another long call option or even buy two long call options, okay? Well, depending on your risk tolerance level, right? You want average cost down, average down the cost. The third way is to sell, let's say right now, you think that the price is going horizontal, sell your weekly put options to collect the premium to recover your losses. So those are the three ways to recover the losses. But again, it all goes back to how good your technical analysis is and how good are your valuation skills? So if you think that some of you are also wondering if your ex is losing money, is it possible to do anything? Well, just like what Ken was explaining just now, you can consider selling... Weekly monthly calls. Yeah, no, no, no, weekly monthly call. Really, you have read a buy call, right? You have already buy call that you can sell a weekly or monthly sell call at the resistance so that you kind of recoup back some of your premium for your strategy ex. But of course, once again, there is also risk doing that because you're already in the losses, right? Your strategy ex is already in loss. When you sell call, kind of also below your original buy price of your strategy ex, when the stock price spike up, that's where your strategy ex will not be making money. In fact, you will have to close it at a loss. So once again, it's a... It's in the past. You can't fix it. Yeah, it's a call. It's a two-side of the call. You have to decide what do you want. Now, another student is asking, Robin Krun is asking that, how to use VIX to implement option strategy better? And I think this one, Ken is really good at it. So right now, I'm just going to let Ken to invite him to explain what is VIX. Okay, so we have a lot of questions. Maybe we can answer them at the end. So guys, okay. Now, as an option trader, you have to understand VIX. Okay, so now, if you think the market is volatile now, type V in the chat. You think the volatile type V in the chat. Okay, you think it's like very safe type S in the chat. Okay, so now VIX is a super, super powerful tool. Okay, so I see some people type V, right? So now how do you really, really determine if the market is volatile or not? You look at the VIX. Okay, so let me explain. The VIX means regenerating the nickname is called the fear indicator. Whenever you see the VIX spike up, this means that people are super fearful. When people are super fearful, they buy a lot of put options, a lot of call options, and you do a lot of crazy selling, a lot of crazy trading. So that's why the VIX spikes up. You can see the left side over here, you can see a huge spike. VIX went up to, went up so crazy. That was during the COVID time when people were buying posts, buying calls, doing buying and selling at that time. Okay, now then you can see small spikes over here. In the middle, there are small spikes over here. Now, as you can just, excuse me, just recover from COVID. Okay, so as you can see, whenever there is a VIX spike, you correspond to the S&P 500. The S&P 500 is always in a drop. It's always in a drop. Right, you can see right here, from the left, there is a drop over here, two drops over here, and you can see that right now. You can see the VIX is reaching, you can actually draw support and resistance on the VIX. So how do you really kind of, okay, now it's not 100%, but kind of time the market, kind of time the bottom, is looking at the VIX support. Okay, can I draw? Yeah, you can draw. So guys, you can see right here. Yeah, you will. Yeah, yeah, yeah. Okay, so you can see that. This is 30, okay? It's around 30 right here. So whenever the VIX touches 30, I can help. Yeah, yeah, let go. Whenever the VIX touches 30, you can see a small dip and it goes back up, small dip, it goes back up. Same thing over here, small dip and it goes back up. Okay, so same thing now, recently it touched 30 again, and you can see it didn't break the 30 line over here. So this, and also according to 200 EMA, that will actually be a very, very good time to buy. It's super good time to buy. Okay, so now, if you think that the support and resistance is clear, can you type C in the chat? If you think it's clear, if it is not clear, just type NC means for not clear, okay? I'll show you guys more. While waiting, yeah, Venus is explaining VIX in Chinese means konghuangzhu, thanks so much. Konghuangzhu, yeah, the fear index. So people think that it's not clear. Okay, okay, guys, okay. Now let me show you the magic, okay? This is the beauty of technical analysis and okay, so some of you are in my group coaching, so you know what I'm talking about. Okay, so now, you can see whenever this VIX, can you see there is a what? There is a support and resistance line right here. So it touches over here, and it touches over here. And look, it means that when it comes down, it means that people are too happy. When people are too happy, the market is about to drop again. So you can see when it comes all the way down here, right? It's corresponding is right here, right before the drop. Same thing over here. This is when people are too happy over here. It's at the peak and right before the drop. And same thing you can see. Okay, so let me show you. Same thing recently. You can see this is a support line right here. It means people are too happy and this was right before the drop. Okay, so how can you use this, right? You can use it before the drop and buy some insurance. It's as simple as that. For buying insurance, you can sell a call option, you can buy a put option, or you can sell where you're stuck, right? So guys, okay, so who thinks it's clear? Type C if you think it's clear enough. If you think it's still not clear, type NC. Type NC in the chat. Okay, any other questions? And none of it, they're typing. They're typing, yeah. Okay, so Venus thinks it's clear. They're clear, okay, okay. It's clearer, right? Okay, okay, need time to digest this phase. You can watch the replay. Later on, the replay will also be available as well, okay? See, people think that it's clearer, it's clearer. All right, okay, let me show you. I only make it more clear. I only make it more clear. Okay, so you draw three lines. We draw three lines. Okay, so as you can see right here, right, you can see right here, at this bottom right here, this means that, this means that everyone is so happy, is super, super happy. And you're- In La La Land. In La La Land. This is what Wombong said, right? We want to be fearful when everyone's greedy, and we want to be greedy when other people are fearful. So this is why the VIX is so important. So you can see whenever it touches this part, even here, this would actually be a good time, maybe to sell Co-Option or buy a put option right here. Or, you know, sell your stocks or do some hedging strategies right here. The same thing over here touches, this was actually right before the crash. It was touching this support line right here. And if you had seen that, you bought a put option, you started Co-Option, you sold where your stocks or you're doing some hedging strategies, then you would actually avoid it, this huge, huge bear market right now. Okay, so that's how you use the VIX. And you can see right now, VIX is like kind of touching, kind of touching a support level right here, just kind of. But this one you have to zoom in and out to check, right? So last time it touched, right? Last time it touched it and it came crashing down. This time it's touching again, will it come crashing down? Maybe yes, maybe no, who knows, right? Who knows? You have to zoom in, okay? This I type more in depth in my group project. Okay, but somehow I also feel like sometimes it may not be suitable for everyone because like for example, I don't personally use VIX to analyze because I would just think, oh, like for example like during this period of time when the market keep on going up, right? Actually the VIX has been happy all the time, right? But then the market has gone up for a couple of months, right? So I think at the end of the day, you really have to find a style that's suitable for yourself. I think like during this period of time, I think what is scary is actually the valuation. It's a valuation that keep on going up and that actually eventually caused the market to drop. But then VIX is just using as an additional boost for people who are very sharp in TA. For example, Ken is very good in TA. He can time it better. So for me, I seldom use it, but I think for those who find it useful, make sure you start using it as well, okay? So now, okay, TA is all about patterns. So do you want to explain a little bit more about this? Yeah, okay, so guys, so there's actually a book called, I forgot, okay, so if you go and read out there, there are tons of books about technical analysis. There's one book that I read that said that why technical analysis work and why technical analysis doesn't work. It says that it works because when we're trading in the market, you are part of the market as well. Everyone's part of the market. And he says that using technical analysis has actually considered everything, including financial reports, including recession, including oil prices, whatever. So he said that because all of us are in here and technical analysis is based on statistics, and for some reason, it will always repeat the pattern. For example, a diagonal channel, horizontal diagonal support, stochastic RSI, MACD, Bollinger Bands, you can see there will be patterns that's gonna keep on appearing and appearing. And if you wanna be a trader and if you wanna learn about options, you have to be good at TA, right? You have to understand when to get in and when to get out. Okay, so TA is more about patterns. Yeah, and I think if you want to keep it simple, if you cannot be as savvy as him, like how you use the VIX and everything, I think the easiest way is you get in at support and you sell at resistant. And that's the easiest, right? And I think that's like, if you graduated from OMI, you definitely know what I'm talking about. And that's the safest as well in terms of your profits just by doing that, even though it's more slightly more active, but it's not super active, like every day you need to monitor. It's like, once a week you do your homework, you realize like, hey, hasn't it reached resistant? You've not, just wait, right? If it reaches, then you close the winner next day. I think that's probably easier for those who are not very savvy, but then definitely it's good to improve. Yeah, so for example, Par Kupa, I know Sean has, according to Sean, he wants to hold it for a long term. As me being the sales investor, I have a different opinion and different thought that everyone can think about. I actually think that when you use the Par Kupa, you should probably buy at the support, you sell at the resistance, but at the same time, you don't get out of the market. You still use that money to buy the S&P 500, the real shares. What you're doing is you're lowering your volatility, but you're also staying in the market. That's how maybe you can not lose so much money, but that's something you can think about. Yeah, I think that's the concept of value trading, which I think it's very powerful, but I think we don't have time to go through that, but that's really a very good concept. When he explained to me, I was like, oh yeah, actually it makes a lot of sense. Okay, now continue. Okay, okay, yeah. So yeah, so once you actually really mastered, this was actually taken how much like one day ago. If you know how to do TA correctly, okay, you can actually make profits like 21% in just one day, and you can buy, it can be a call option, it can be in the money, out of the money, long call, short call, selling a put option as well, in the money, out of the money, and also a long put. You can also sell a long put as well, if you know what I'm talking about, sell a long put as well. And yeah, so TA, when you wanna learn TA, it's all about you're trying to time the bottom and trying to catch the bottom and trying to get out before the drop or lower your volatility before the drop, right? So it is possible if you know how to do TA correctly. So trading success is precision in the right guidance. Okay, so this is one of the TA's that I actually showed one of my students and I told him, oh, I forgot, to buy a call option. And it was because of the good technical analysis. And then, you know, within just a few days, the QQ shut up like 8%, and that's how you really, really make money. So it was on June 19th, it was on June 19th, and that was on June 18th. June 18th, okay. So I said, June 18th, TA, you look at the patterns, you have to understand the patterns, you look at that, you buy a call option, after a few days, it shut up by creating, okay? So when people think about, you know, my name is Safe Investor, they think I don't do a lot of trading trading. But actually, I want to catch the ultimate bottom. And when you are able to catch the ultimate bottom, it lowers your risk because you spend less money and it boosts your profit as well. Okay, so this is what I like to do. Right, so you know that to me. Yeah, so if you're wondering where to start, Stephanie, like maybe she has not, I think she has a tender OMI. So it could be, even after a tender OMI, it could be a little bit scary right now to invest in this volatile market. I believe that actually, most importantly, is really get yourself started, like you have already equipped yourself with the necessary skill set, right? Most importantly right now is to really start the first step if you are not comfortable doing strategy X because you think it's too volatile, then maybe you can start by doing BOSS open strategy, all right, if you have the portfolio size, right? Like that amount of money to collect 100 shares. And if you still think that, okay, right now you are a little bit afraid to collect 100 shares because the capital requires quite a big capital, then you can just start by collecting some shares, by buying some shares right away, right? So when we talk about OMI, it's not just about only options, right? Because at the end of the day, the underlying asset that we are doing options on are stocks, right? So if the stock is good, why not buy some, right? And then that's the safest way for you to start investing, especially doing right now in this bear market, so many good companies are selling at a super good discount. It's like you are going on a fire sale and right now, like, yeah, you're able to catch good companies at fire sale, isn't it a better time, right? But for those who are completely new and you have no background, no investing background at all, but you do want to start learning and equipping yourself with this life skill and use options, actually it's a very powerful tool, right? To generate income or for accelerated growth, then you can consider to join us in our three days options, meaning that Intensive, which is like a three day online, like this, we are going to become very interactive, answer your questions, take two step by step, and yeah, a lot of people here are also OMI graduates. They have learned it. Most importantly, make sure is you start taking action the right way, right? That's how you can get started as well. So in the meantime, Ken has something that it's, I think, quite very, very exciting. In fact, I think it's going to be very useful as well for some of your OMI ex-graduates or all graduates every single year, he occasionally conduct this. So, I think only once or twice a year, right? There's only two times. Two times a year, so he's going to do once during the end of this year, right? So I think it's going to be quite exciting. Maybe you can share with us what you're going to do. Okay, guys, so if you are OMI graduate, can you type OMI again? I just want to see how many people are OMI graduates. This is very, very exclusive for OMI graduates. Okay, so basically I know, I think some of you could actually be in Pete's coaching program already. Some of you might not be inside, okay? So at the end of this year, I will hold a very, very exciting event and I'll go through and why it's only for OMI students is because if you're not an OMI, you will have completely no idea what I'm talking about. So you have to go and attend OMI first to understand the options. So this is a very exclusive event. So at the end of the year, I'll show you the revised strategy or the OMI enhancement strategy and plus additional strategy, which is the X and Y plus strategy. So the X strategy is evolving to the minus X strategy. The X plus strategy is the X plus strategy. There's a new strategy based on the low strategy and then there's also a minus Y strategy that can actually lower your risk and actually boost your returns at the same time. And BOS says become BOS plus strategy, okay? So it's very, very exciting. Last time we actually had more than 100 students and actually didn't anticipate that many people. So my Zoom call actually couldn't fit in more than 100 people. So I actually had to use Google Meet at the same time because make sure you don't miss it. And how to join because it's very, very simple. You can just join on Telegram. So last time we really had more than 100 people join and because it's very, very exciting. So I'll give you guys the link. Yeah, so Ken also posts a lot of options insights and NFT insights because he also invests in different asset class as well. So while waiting for him to make that year end announcement which he's going to share with you later on as well. But I think in between this half a year, he's going to continue to share a lot of different insights as well. So do join him and do follow him on his Telegram, t.me slash the safe investor. That's what he himself. I pride myself on that. I pride myself on being safe. Yes, exactly. So for me, if you have not joined my Telegram yet then make sure to do that as well. I'm the Aligato investor. Thank you everybody for also watching this webinar. That's why we thank you, right? So that's why it's Aligato investor. So I also consider a lot of things inside as well. So make sure you join or follow both of us so you will not miss out any of the future investment updates that both of us have for all of you. All right, so in the meantime, this one, okay, the one, the exclusive training that Ken is conducting is completely free of charge. He really do it out of good will. And at the same time, yeah, do join him if you want to learn more, right? So he's going to cover a lot more. So in the meantime, okay, let's just go through, go through some of the additional questions. I think we have five more minutes. So we see what you've got burning questions. Do type it in the chat right now. We have five more minutes to recover it and let's go in to have some more fun as well, okay? So maybe in the meantime, you can also type in your inside the chat, all right? All right, so let's see. Let me just go back some of the additional questions. So Eddie is asking, I hold quite a bit of borrowing and then can I sell away the money in long expiration date? Sell call or can I sell call? Ah, okay, so Eddie is saying that because he has a huge position, I do believe is using shares. So because he has shares and that's why he said, can I sell long call to so-called, recoup back some of the losses? Oh, okay, okay, okay. So long call, right? Let's go, okay, let's go back to the chart. So when you want to sell long call, right? So guys, so remember, when you sell an option, it means that when the price go above it or below it, okay, maybe they go over the strike price, you have to execute. It means that, so let's say you have 100 shares of the S&P 500, you have 100 shares. And you sell a call at, let's say, because we're currently, the price is around 380, right? You sell a call at 400, right? Then the price goes above the 400. It goes to 600, 700, 1,000. You still have to sell it at 400 because you are the seller. You're the seller, you're selling a call. So I think, Eddie, right? Yeah, Eddie. Okay, Eddie, I think it depends on, okay, so think about it this way. Use a sell call to lock in your selling price. And according to that selling price, a strike price, how long do you want it to lock in for? Okay, so let's say if you want to lock in for one year or two years, you sell a call option at somewhere above, right? But then at the same time, okay, there's actually no risk, okay? Why is there is no risk? It's because let's say the market goes all the way up, right, you actually don't lose money. You first, you make that premium and at the same time, you actually make that margin right there. You just make less money. Okay, so if you want to sell a super long call, right? You're, let's think about your, I don't know if it's a risk or not, but the only thing that you could miss out is that super high growth. Then you can miss out on that super high growth. That's right. And he just shared, he has 6,000 shares of portfolio. Okay. Okay, so Eddie, I think your portfolio size is pretty big. So I think right now it's also good for you to re-look into your portfolio, like is this balling occupying a huge percentage of your portfolio. If it is, then I think maybe you will get quite affected because when the share price drop, your whole portfolio can also be heavily affected. So I think you should actually ask yourself, could it be a good time for you to reconsider how to allocate your portfolio better? But since you have 6,000 shares, you can, I mean, like... All right, okay, let me, there is something that you could do, but don't do it if you don't understand, okay? So, well, number one, you have to understand, is it still a good company? Or do you want to keep it long-term? Yeah, I think that's the most important question. Is it a good company to go back to do a valuation? And then third place, there's something that you could do. Okay, I'm going to explain. If you don't understand it, don't do it. So 6,000 shares, right? One call option is 100 shares. You can actually sell away all your 6,000 shares. You lock in the current price with 60 call options, and then you freed up a lot of capital, right? And you buy the longest call option, you freed up so many capital, that capital can do something else with it. Yeah, this is value trading that he also shared in his group coaching as well, which I think is useful, but then it also takes a lot of guts to do that. So, basically, he's saying that you're basically using the same amount of options relevant to your number of shares. You freed up the cash. Actually, once again, it's back to my question back to you, is if your portfolio, it's too heavily invested in one company, I'm not sure it is, is it the case, right? If it is, then maybe it's time for you to relook into how can you restructure portfolio better so that it's not something that causing you to be uneasy despite of the drop in share price. So you need to ask yourself, firstly, do you have a, do you have conviction in Boeing, right? And secondly, it's what is the price that you bought and then do you want to consider reallocate some of it into other good businesses where a lot of them are selling at discount right now, right? So another person is asking, maybe we just answer one last question. All right, so for beginners, is it recommended to invest in stocks than options? What's your take on that? Okay, so options are very, very powerful. Okay, if you understand, you have to fully understand what does the buy call me, fully understand what does the buy put me, what does the sell call me, what does the sell put me. Understand it, super powerful. If you don't understand it, buy stocks. So basically just invest in something that you understand. But I personally think that if you are a complete beginner, also depends on your age, right? Let's say if you are somebody who probably just started working, like for example, my sister, like she just only started working her portfolio size may not be very big. And that's why I teach her to start investing using shares first because at least she gets started, right? But over time as her income, right? Saving start to increase, I will highly encourage her to start doing options because options definitely provide you more flexibility. You can generate income. You can even have higher growth as well. So you need to ask yourself, are you somebody who have limited budget size? If you have limited budget size, maybe it's good to start with stock. But then of course, stock is slower, right? So you need to have a longer runway. But that's why I highly still highly suggest and recommend people to really learn about options first and then see for yourself, it is something that you really want to work on, right? And just like what can you say, you need to master it. But once you master it, you know that it's super powerful. Yeah, let's say, I mean, the good thing about learning options first is like you learn the most powerful tool ever. And then let's say after when you give up, you go back to buying stock. Because you really learn master the most powerful tool, right? For example, you want to buy 100 shares of Apple right now, you don't have that $14,000. You buy one call option, you lock in the buying price, then you make money. All right, so I think, yeah, it's almost time. Thank you everybody for tuning in into our special webinar. How many of you felt that it has been useful for you? If it's useful, can you type you in the chat? All right, let us know. In the meantime, all right, thank you so much for coming into this special webinar. In fact, it's also the first time that we held this on Be Rich. And I think that it's really great. I think the time of respond time of, I think it's really fast. You're pretty good, yeah. It's really fast. I was like, wow, like immediately, like within like five seconds or so, I see all your comments. I think it's great. So make sure to continue to log into the app, use it because there are a lot of different other features as well. There's also some free courses and some other KOLs like key opinion leaders sharing their views on different market news as well. Log into the app, use it and test out for yourself whether it's something that you like and you find it useful. In the meantime, do join our Telegram as well. Let me just share our Telegram one more time. So that you can, oops, oops, oops, oops. Okay, both of, or you can join both of our Telegram to stay tuned for more updates because we constantly have a lot of different updates. Okay, let me just, am I sharing screen right now? It's a black screen. It's a black screen. Oh yeah, it's back. Okay, so this is the safe investor, t.me slash the safe investor, that's Ken's Telegram channel. And then for me is Aligato investor, t.me slash Aligato investor. Yeah, so join both of us and we will have a lot of amazing updates along the way as well. So also stay tuned for Ken's year end special bonus segment just for OMI grads, right? You're gonna learn a lot as well. So yes, okay, definitely, all right. So definitely the app has ways for improvement as well because I think this app is relatively new, but if you give it more time, use it in the meantime, I think this app is definitely gonna improve as well. So it's also the first time both of us trying out and I think so far so good. So definitely there are ways for improvement. Everybody are here to improve as well. So just keep on learning, keep on testing and learning and that is the best, all right? So with that, okay, we will see you guys during the next sharing session. Yeah, just stay tuned in our telegram channel. I think we have a lot more things we will be doing along the second half of the year. It's gonna be super fun and can't wait to really have amazing, amazing 2022 together with all of you, all right? So see you guys next time. Aligato gozaimasu. Aligato gozaimasu. Aligato. Oh my God, we end like Japanese. Bye bye. Bye bye. Okay.