 what's going on well quiet market so it's very interesting to see when the markets start building steam like this everybody kind of gets bored goes to sleep and then all of a sudden pow you get the action you want I think we're gonna get that next week which is perfect for you which is perfect for us because the I was saying on the show today there's a few things that I really love and that is when the vixx starts coming down yes and implied volatility on stock on stocks drops for options those options can become extremely cheap and your risk reward becomes better than actually holding the equity itself a lot of times we were watching the vixx at astronomical levels over the last year and the decay is just monumental you know one day you've got a four dollar put or call the next day you have a two dollar one yes well it's not going to be like that you're it's you still have to worry about decay but this is going to be much much better than it has been for over a year so if we can catch the right trade there's going to be a lot of those 10 25 cent options that can go to a buck or higher so we'll be looking for that and of course last night I finished up working on short positions for the bimonthly part of what I do is try to find stocks that have huge short positions for expiration then you know every time it goes down you're gonna have somebody that's short wanting to cover yes when it goes up you've got a lot the opportunity for a massive squeeze and now you have the help of all the traders I was gonna say you know yeah I mean you were on to this way before anyone else the thing it's going to be intriguing Dave is that one of these days they are going to come after one of your stocks which is going to be hilarious which is which is heaven on earth for everyone folks by the way well I've got one that it's in a commodity market today that's got 12 days to cover it's the only long position I have yes the index in its in is weighed down and it's flat okay it's got 12 12 days to cover right and if you don't know much about shorting days to cover is whatever the last average volume is for the last 30 days if the shorts just wanted to get out how long how long would it take and in nobody else buying so days to cover is what I use mostly lot of people look at how many shares are outstanding unfortunately that's wrong a lot and long and wrong for months upon months before they get it updated many times so I really like days to cover but like Clovis which was the big stock this week yeah well you know you get the buy monthly from the Nasdaq and the NYSE twice a month you get the report and that report is probably 10 or 11 days old but Clovis 24 days to cover again I think we started talking about this in January with just the massive shorting of a lot of these just a handful of stocks but certainly you don't want to be short but if you start seeing a squeeze come you know there's a lot of people that have to get out of the way and there's nothing like having the wind at your back in a short squeeze to make a lot of money very quickly and hopefully we get we hit that right next week yeah all this there's no doubt there's no doubt so we have we have an hour workshop it's on the Wednesday which is really cool folks because what ends up happening it always seems like you know Tuesday or Wednesday you get some high volatility anyway you know right before option expiration and you know the bottom line is that we'll see how this baby lays out but so you get a full hour you're gonna you're gonna walk through people through sectors basically and then basically option trades as to well what do you think is gonna hit on that white light and right right yeah in fact I've got a chart that I have just four options to show you where the option market makers are yes about eight basic patterns that you can look at and they'll tell you what the option market makers are thinking maybe it's it goes between here and there maybe they're gonna pin it exactly we talk about Apple many times pinning on Fridays I'm looking to see how close it hits to one twenty seven fifty today and why a little pin those so if you can catch them early in the day when you know they're gonna pin them and you can be on the right side of a of an option where it goes from out of the money into the money those are the ones where you get a dime or a quarter option and you turn it into a buck or a buck fifty and those those are really good days to have and of course when you do that you don't always have to be right you can be right fifty percent of the time or even less and still make money over time and you don't have to you don't have to be perfect and what's amazing about pinning it it is amazing to me that even let's say we're talking a hundred twenty seven dollars stock in Apple's case that option market makers you're gonna be so surprised how they can get it right to the number man so many times and what that means when it's pinned is that the most amount of calls as well as puts lose money folks okay and so it's really cool understanding what the pen is so that you can basically trade around that whole thing or trade right at it I mean the key is having the information understanding it it really is wild how this shakes out Dave well the option market makers tend to be the best traders are on Wall Street if they weren't they'd be broke fairly quickly yes so they they tend to know it and of course the other thing is they know where the bodies are buried well you know they know where the autos are there's no right so they know more than us and why they're not always right they tend to be pretty much right most of the time they're kind of like a perma mutual betting they need to be right about 85% of the time and that pretty much holds up there's been some surveys that 90% of options go unexercised at the end it's more like 85 but they pretty much have the same model so if you know where the most are gonna expire worthless generally that's where they're gonna try to drive the market with worthless upgrades and downgrades news and occasionally even throwing money at the problem yeah and they just suck in all that premium take it away listen folks very easy to get into Dave's workshop come over to our website at TFN and you're gonna see the path right on the front page just hit that button get the newsletter you're gonna get a great newsletter that comes out first thing Monday morning as well as a great workshop on Wednesday and you'll be growling and prowling when that option market Dave you have a great weekend safe weekend we look forward to show on Monday see you then see you then man have a great one have a safe one