 Welcome back with us. This is all about zero day or same day expiration plays They are very risky However, they can be very profitable if played right the idea is to play small because obviously if it doesn't go your way If you're playing out of the money, it's completely crazy. You have no value whatsoever If it ends up not in the money. The idea was to have something that was decent. I In a previous video You can see the Netflix play that we we explain and this one is a little different Fact no, this one has the exact same idea behind it, however it's it's played with a very low premium value and It's just showing you that The plan worked and the plan was executed in pretty much the same way However, one ended up being 90 something percent and the other one had something like maybe 800 percent potential. So This this is Cole's KSS Obviously had a great day On Thursday I've fallen earnings and you know that retailers have great earnings Walmart Target Macy's name it brick-and-mortar is now Doing extremely well because people are now super happy to be walking into Shopping malls rather than buying online so retailers are doing fine and price action is showing it they're doing their earnings were great and Thursday they had a Fantastic day, you know calls on Thursday had a day from here in low 50 Range to about 55 It had a great day. This is huge for them Now if you look at the chart similar to Netflix that we played is the same thing we have a Double top Right, what's happening at the open here? It's just a little higher than the double top Showing the possibility to find new buyers new buyers new people Going into the trade so it's new money. Let me blow this up a little bit. This is how this is how the open happened We had a huge green candle a little tiny bit above the previous Double top from the previous day, so it's telling you we have new buyers here. However, rejected big time tried tested rejected it and then tested And what happened look at this Wedge one could have expected the whole thing to go boom But it didn't It started tanking right away. However, same as Netflix. Let's move back here You look at support. Where is support? You're looking for that support line, right? So this was pretty much my support line. I was looking at This is Previous high It was kind of resistance here. It became support. I was kind of hoping that the whole thing would Go that way, but it didn't And I was modding monitoring another play at the same time Looking at Macy's Macy's is and let me pull up the chart for you Macy's had similar day on Thursday huge push after earnings sorry huge push after earnings here And then on the following day, this is was this was the open on Friday had a huge push same thing above Result all this is support resistance above the previous day high and then a rejection Look at this This is the Support line and resistance. Do you agree with me? Right? I'll show you here. You know, it's climbing Hits resistance Tries it becomes support moves up now. It's really support Right see this again? It hits resistance Gets above it now becomes support Here moves above now. It's support, right? So I was kind of sure hoping that this 21 20 was going to be good support so use that same line 21 20 on that morning and On that morning 21 20 hit right here see Sitting right there. We're very close to it following one. I think right here and this is where I alerted the KSS like yeah grew KSS and am Yeah, why sympathy play I believe that sometimes, you know, both are retailers pretty much the same thing They could have moved in the same direction. They both had a big push a rejection and I was participating I mean, this is a very aggressive move I was anticipating that the KSS Would jump as soon as this guy would actually bounce on support. However, it didn't quite do it Right there. No, it decided to wait for The 200 EMA join DMA is that green line? Right, it's green line here. We're very close the old support. So basically good enough Let's go back to the KSS line So we're back with the KSS Here Is where I decided to get in right and Why did I decide to go 5650? Look at this here. What's the possibility? Remember the Netflix video we just We just presented same thing possibility to retrace To the high of that day or the same day. So basically there's very little resistance all the way to this fellow here This fellow here is what? 5651 So I was looking at the premium and 5650 was ten cents ten cents That's pretty cheap. So if we blow through this line basically now anything above 5650 is in the money and any penny above it any penny above 5660 Makes it profitable at expiration Right, you all follow me and following me on this. So basically this was very cheap and possibilities to hit The retracement to 5650 was pretty hot I don't recall the exact price of the 56 calls but If you know looking at 56 calls knowing we are going to 5650 if you had paid less than 50 cents from this Entry here less than 50 cents. It means that at target at expiration Your break even This means it would have been a safer play to go with a Closer strike To where you were here in the 55 area however, I had Kind of feeling we could break through this high of 5650 So we ended up taking Here The 56.5 called at 10 cents So this is very cheap and same day This far out of the money Very risky because if we are not if it doesn't go our way we end up being Screwed because the value of our play is zero, right? No one's going to pay to buy an option More more money than what it's worth, right? So basically your value on your premium is worth zero if you It expires less than your strike price so We ended up there and then it started climbing and as soon as we got to here It was More than enough for me and then it started climbing a little more So I took, you know some part here keeping a runner. It was good enough You know when you play same day, you're not looking to break the bank. You're looking to be Very green and we were very green on this However, the play ended up going to know this is after hours But it ended up being to very close to 56 40 Sorry 57 40 this means that it's a good $1.40 Sorry dollar Sorry can't count too late 90 cents, right because 57 40 56 50 It's 90 cents Basically here the minimum value of this Area is 90 cents so from 10 cents to 90 cents is 800% So basically It's the same exact play as the Netflix idea Is looking at the previous day and we get out of here here. So first thing is very big previous day Double top looking for a break of that double top into new money, right? Happened there rejected we remained Inside all the sellers the late sellers from the previous day. So we are still higher so basically we're still in new money people that just bought and Looking for at least a retracement back to the top Where this the new resistance here is it's not much but it's More than enough especially if we have Same day expiration. You'll see that the Delta is moving extremely fast When it's moving into your direction So if you compare this with the Netflix played that we just presented it's similar It's just as risky. However, if you're picking my brain and you're wondering why I played it that way I hope you are actually Learning something and it makes it clear for you to understand the zero-day trade that we played on Friday I hope this is good enough and again that little reward is for us when you hit that like and subscribe button at The end of the show. Thank you very much, and I'll see you soon guys You