 Welcome with us folks. Thank you for watching tonight's edition. We are looking at the special sauce that we played on Friday and I'm just trying to Make you understand exactly what's happening and why we decided to be in the money for same-day expiration and why it's What I believe to be a safer play than playing something that will be out of the money and look at this play this is the MU that we alerted very very closely to the open and This yellow line that you're looking at is support. So as soon as we break that support we get above it We are on still remaining on the buyer's side because you all know that these guys previous day Right, they bought at this line and it started rising, right? Same thing if we go if we lose this line basically their stop losses from these guys their stop losses will be triggered as soon as They hit under the line. So we're entering the sellers side. So we expect a Downside which is the previous day on Thursday. Now Where you look at the next support now next support is This high, right? It rejected and then it went down. It started There's a wake up and then it popped through so the next line down to me is very close to this line here So it's close to 73. We are 73 23 on this bottom and this is close to 73. So We decided to go 73. It's already in the money And what happens is as soon as we start climbing we go Delta will go Nearly in one-to-one meaning that as soon as we climb for one cent On the ticker the premium will take one cent as well. So this is very close to one-to-one on Delta Meaning that if we buy in this particular case we alerted for I believe 64 cents on the 73s When we alerted here So it's 64 cents. We're already in the money So if it goes down to 73 Support that we're looking at in this vicinity here it still has some value because The option is the right to buy the ticker at your strike price at expiration So if it if it's above 73 At expiration the premium will still have some value. It will not be zero So we're talking about buying something at 64 cents here We still have a day to go before expiration. Well the intro the day we're trading My at my idea was to get to at least this high which is 7490 The idea is Friday makes the money and then you go obviously this top that you're looking at is Where it stopped why because it's the true and real Resistance however, it's I I really like to have the last resistance as a target for Friday because it's safer and We made our money that way. So basically reminding just I'm just rewinding just a little bit to show you We're taking 73. So it's already in the money. Look at where it's 73 23 breaking So it's 73's because we believe that support is at 73 We could even have gone to something like 72 because that's the real support, right? You could have taken 72 However, my expectations were just to go only this high Which is you know, I'm looking for some for profit as well on this play But like I said 72 would have been just as safe even safer However, profit potential would be a little minimized for that. So we're taking something that is in the money already we're looking for a art initial support and Something that even if it gets to the next support line, we're still in the money to remain the Value on the premium. So this was for the emu play we entered here at 64 and we sold on first target at 103 which is Quick and super happy with that. Now, let's go to the next play. We alerted Netflix and let me just Switched to Netflix here and this is what happened Netflix started a day dropping Here it is it's dropping at the yaw at the gate and spy was moving up So we're going against the grain here thinking it's going to bounce But look what it did it went up like this on the first bounce and then it went down This is precisely where my interest was I'll show you exactly why right? Let's get out of here for a second We need to zoom out and what I usually do I'll put my Line right here, you know, it's close to 584 and you look back on the five minute There's nothing much so I zoom out I go to the one hour and I'll see what you know, what sort of interest do we have here? Oh, okay You know, it's very close to this support line See there's a wick down and another wick and then Here is 583 This year, right? There's one here one there Here we have some turbulence area and then it tried it didn't make it and then it popped through and Here we are bouncing on this particular line now the idea is to be taking Is to take a strike that it's in the money and that will remain its value Even if we go down to the next support line. So where's the next support line? Let's look we have here if we go down to next support. Well, we have the 200 DMA, which is 582 We have something You know this top here of this the wick that we have Right on it. This is the top here 581 80 ish and then we have the wick Let me draw it for you right here is this is all on a one-hour chart The wick down there and this is another one on top here. It's close to 580. So if we go 580, this is good support And I mean we're not looking at taking this this play for days It's only for a few minutes, right? And what we're looking at is at the next target. So let's go back to the five minute for that and You know, it's exactly what I mean, and it's the same idea as what we played with the MU just previously. So the idea was to go back to Exactly this here. We are taking this on a double bottom So we entered there and the idea is to rise one-to-one on the play to 580 589 50 which is this here, right? We got there, which is the five and the five minute 200 EMA and Also, you know, it bounce it tried up to this line and then it tank Obviously it's going to do the same thing when it goes up It's going to test the line and then see what it did accumulate it and then it went through But the idea is not to hope the idea is to make some money and move on So this is pretty much what we did. We entered this safe play 580s because we were on 585 or 584 something and we paid 475 Yes, you're paying a little more, but you have value if we were to close here 584 basically you'll be the value will be four Four dollars if we close it for 584. So the risk is minimum If we drop to 580 well, obviously, that's when you'll start losing value, but this double bottom you're paying literally 75 dollars for this this this risk of making The double of that because this is what we made we made precisely 100% on Target 950 and if your target was only a Dollar higher Which would have been you know 575 ish? I don't think it's really worth it But the idea behind this play here was that was what was to make it from this Back to the first resistance line, which was there and this was enough and five dollars to make us go to a Full of 100% play so you understand the thing a Here is Support and you're buying something that if we were to close at this level would still have value in the play I understand it's middle of the day. You only have only a few hours until the end of the day, but This will remain its value if it stays flat and decay will be minimal The idea that we had was we go for a bounce take our money I know some of the members went for 50% 20% 30% doesn't matter the idea is to be green on a safe play and we also did Roku and let me go to Roku here Now we're playing Roku Roku and Netflix together I'm not saying that they always move together But when one in this particular case when one drops it I believe both of them were dropping for a reason and both of them were about to bounce for a reason however, the the chart was a little different and We saw it come down to a certain point and rejected the 50 EMA and it came down to exactly where I started having interest in the play which is Exactly here where it was just I think it was just a little higher than 319, but it was close to 320 and Look at what I was looking at previous day It dropped to a certain line Let me draw that for you It had a great day on Thursday, but look at Wednesday It went it was on on that line in that yellow line support and went up and It dragged its feet all the way down to the line bounce on the line and then start being bullish Now this morning it dropped just a hair under with kind of you know good volume for a Friday and then it stopped on the 50 EMA which is the red line and then it came back down precisely on that same level now This is was that was drawing a well it really drew my attention on the fact that well If this has a good potential of being bullish now this low the day was The stop line However, we were still above 375 so the idea if we take 375 and We drop to this line at expiration It will still be worth on this line, you know in 317 I'm sure even more but where we are entering if if we were to trade flat to the till the end of the day 375s Let's call this 320. They will still be worth to 50, right? Because it's 375 plus 250 The premium is 320 remember it's the right the buy the ticker at your strike at expiration now who would pay 250 for a break even Not a lot of people. However, you know if it's 321 Would you pay more than 320 to get something at 321? Of course you would you'd pay more than that So basically as soon as you start rising above that 320, you know, it starts making money and We were a little bit above the 320 line if I recall because I paid three Precisely and get rid of all this blue here Played the 317 5 Play paid 3 3 24 Pardon me. We played 320 for it So let me zoom in a bit. So the plan was to move back from support Which is close to 320 Up to at least here Which was I believe I called 3 2161 ish and chat so it wasn't as good as other plays but Because my point was we going to go from here To there. So we're are looking at $1 61 Rise on the option that we're buying. So we're playing three. We're buying at 320. We're looking to about to at least sell at you know dollar I'm sorry for 461 will be 81 right more So it's the 320 Plus the rise of dollar 61. This is more or less because it's the Delta's about one to one So the idea is to sell at about 481 We managed to sell a little higher because it went it kept on going and we sell for we sold for 490 So in the end the plan really worked The idea was just to be on a safe side playing something that was on support with value even if we stayed there it wouldn't be a problem and We're playing same-day expiration that you know you go from 320 to 490 with very little movement for pretty good profit so All these three trades were precisely the same idea same-day expiration We're trying to be safe with remaining retaining some of the values of the on the premiums if we were to go south and or sideways and Have a target that is achievable within a range that has a very limited resistance all the way to there and We may we made that sauce that recipe work three times same sauce same recipe and it worked three times So I hope you're learning something. I hope this is clear enough if you have any questions Don't hesitate to DM me if you're new to this please subscribe to the to the Did a channel and you know hit the thumbs up that helps us out. Thank you very much. Have a good one folks