 Good afternoon everyone and welcome. This is Melissa with the StocksWish.com and I'm here today with SurfDog. SurfDog is live. You're going to hear his voice. And right now, SurfDog is going to explain what he did today. He actually took an option in Netflix because I said that Netflix would gap up tonight. And I said there was no chance of failure that Netflix wouldn't gap up tonight. I said it absolutely will. No chance of failure. We'll make a new high. Go for 500. And so he listened to what I said at the room this morning and he decided to do an option. And we were talking and I said, you know what? Why don't you explain exactly what you did? So go ahead, take it away, SurfDog. Melissa said no chance of failure on Netflix to gap up. So I got five contracts on Netflix. And how does that work? How much did that cost you? It cost me a dollar a contract. So it would be $500. I bought the 580 cards that expire in two days. Now if it hadn't worked, what would you have lost? The most I could have lost was the $500 and $7.50 commission. And if it stays above 540, I will make close to 10 grand. That's crazy. Risking $500. That's crazy. That's so great. That's like 20 risk units. Okay. So how much buying power did you need to do to do that? $500. Oh, that's it then? Yes. Wow. So this is why you like to do the options. I know I prefer the stocks. I talk about this all the time. That's why I've been kind of trying to share with you that you can do options overnight and you lose no buying power. Okay. So it's a great overnight strategy. In fact, it's the best overnight strategy because you can't get beat up for nothing more than what you paid for the options. If you would have bought a thousand shares of Netflix or let's say you sold and shorted a thousand shares and it dropped $60, you've gotten killed. But if you would have bought five puts for a dollar, it could have dropped $200, you only lose $500. Okay. Like if I had wanted to risk $5,000 on this in an option trade, five grand. I said five grand because I've said no chance of failure. If I had said I'm going to risk $5,000 on this thing. At the price it's at right now approximately or thereabouts, 530 something, whatever from today earlier. How much would I be up right now? Right now the second. $2,000 probably times 50 because if you're getting a dollar, if you're paying a dollar. I would have made a hundred grand. Yeah, because if you were about 50, so let's figure it out. If you bought 50 contracts. This is crazy. Yeah, that's 20 risk units. If I had risked $5,000, I'm going to sell you up a hundred grand. I mean, you've made a lot more than that, girl. You got 50 contracts because it's a dollar. You're willing to risk five grand, right? Yeah, that's what I'm saying. So, $500 is what I risked and I got five contracts and you're going to risk it times 10. I may as well. I spent more than $5,000 on the shoes yesterday. I can risk $5,000 in next one. And I can buy a hundred pairs of my favorite shoes with this. $2,000. Yeah. $100,000 risk and $5,000. So, okay. You got to do the options for your overnight place. So for you, if like, does it pay you if you get out of it tomorrow or is it better for you to hold it? Or what's the time expiration? It expires. These contracts here expire on Friday. Oh, okay. So I can hold them throughout the day to see where it goes. But I'm telling you, if I make $9,000 or $10,000, I will pay it in cash. Would that be the most you ever made in any option you've done with the things that I call? With the things that you've called absolutely without a shadow of a doubt. $10,000, $1,000, and that was back in 2002 or three when I showed a wide panel. It came out on the news one night and it said that there was a cow that tested for the mad cow disease in Canada. Yeah. And limited down for three days. I have a question for you. I know that in the room in, before I close at the room, you always ask me or I look at the ones and I say what I think it's going to do on the earnings and I know that you've done the options before. How much do you usually risk? Usually. Okay, so you risked a little more because I said no chance of failure. You should have taken a thousand. You should have risked a thousand. I just didn't want to because I just, I've been, I told you, I kind of been breaking, breaking even and you know, I think I don't know if I told you or not, my dad died a couple of weeks ago today. No, I don't think you told me that at all. I didn't tell you that. Yeah, so I actually didn't trade for a few days. I'm sure you noticed I wasn't in the room and so I just kind of getting back into it, you know. No, I mean, when you go through stuff like that, when your head isn't on right, the best thing for you to do is just lay low. I hope that this motivates you now for earnings season to really, really do well. I mean, I noticed that you were doing really well. You were getting very disciplined earlier this year. You were getting on track with that. Absolutely. I took no trades today ever when buying these five contracts. Okay, exactly. Good. I mean, you could have done the market. You actually could have been doing it. Have you ever done any options I've been calling in the QQQs and Spies? No, no, I always look and the big money, the big money and options is like this right here. When you buy them and the gaps, 40 bucks, 30 bucks, that's where the money is in the options. You need a big move and earnings gives you that because when I bought these today, I only had today, tomorrow, and Friday and they expire. Right, right. This happened in five minutes. I mean, I was sitting here watching it and I was like, oh, my Lanta. I mean, literally, here's four o'clock, 401, 402. Look at this. I mean, this is 403 by 407. It was up at 542.18. And the thing is that this is the first time that I ever said, no chance of failure, calling a gap to even gap in the direction of the gap. I usually say what I think it's going to do, predicting it before I rate it because obviously you can't rate it to the gaps because you don't know where it's going to gap. But I just knew. I just knew this would gap up. I just absolutely knew this would gap up. And I'm really glad you did it. You deserve it 100%. I'm doing well. And I'm glad you know how to do this. And, and I don't know if I'll see another one like this sometime soon, but next time I say no chance of failure. I mean, it's like, really, you might have to talk me into doing this. Right now, I just put in let's say this thing decides to run a little bit tonight. And, and it's already up. Let me say it close basically at 475 25 and 30 to 67. So, if it ran six, another $13. Tonight, overnight, and into tomorrow morning, yeah, comes up $13 about 532. Yeah, which would make it 4252 55. This thing would be worth about $34, which means each contract would be worth $3300. That's crazy. That's so terrific. That's, that's, it's amazing. This is the power of the market. This is the power of the market. This is real money. This is money that you have right now, like right now the second you have this money tomorrow you can take this out. There's nothing that this is going to do tomorrow is even remotely anything different that much than where it's at right now. Like there's no way you did it it says it you're up like this is it this is the power of the market this is the power of the gap. This is what buying looks like. And I saw it and I'm telling you long term and I know, you know, again, this is why I like holding stock positions as far as doing the equity versus options but I now understand the cost parameters but it's like Netflix is going to I'm not saying that's doing it this year. I have to see what the market does exactly but between now in 2016 those numbers are real. And even I saw this I saw 500 like I'd have to even go back I should just go back to my videos. I saw here. This was 2013. And I knew in 2013 Netflix would hit 500. You said, you said today, you told me it was going to gap over 500. Yeah, yeah, yeah, which I know. And I went and looked at what the option was worth $50 out of the money. Right, right. Okay. And, and I thought, wow, you know what, this is a good risk. So that's why I picked the one that I picked because it was very cheap. And it allowed me it's a 580 and I'm telling you if this thing gets the 580. I don't know if it gets to 580 by Friday. That's what you have to get out of it by right. Right, I'll get out of it tomorrow because I'm leaving tomorrow to go to my pops funeral, but I'll be in the room and I'll be here until about eight o'clock. So I picked my laptop, and when I wait and give it one more day that I don't know, like I said, I would grab that bit set up in the thousands like that if it's eight, nine, 10,000, I'll grab it and be happy on my trip out the door. So tell everyone here a little bit of background about you. I only remember when you took the class when you met me I know you were into options before you met me because I didn't teach you anything about options at all because I don't do options but tell people here on the video a little bit about your background and trading. I've been trading since 2000 and I've traded options, the majority of the time until I met Melissa at Stock Swoosh, which was back in February of 2014, took the class. Buying and selling options and spreads is very, very easy but getting them in the right direction is the difficulty and that's what you have really helped me with and taught me even though I didn't see the gap. When I looked at it, when you said it was going to gap, I didn't see it like you saw it but I trusted when you said no chance of failure and you did want a while back and I didn't take it and I believe if I'm not mistaken I believe it was Netflix on the earnings. It was here. Yeah, it was here, it was in this one. I took it and I was kind of pissed and when you said today I just put all my, I put all my feet in your no chance of failure and I left and had no idea I was down 50 knots on my purchase. I left and went to the bank and to lunch and it was, it was down but I still wasn't worried about it. I mean, you know, I wasn't worried about it if I took off at 1130 my time which I live in California. I came home, I saw you called me and I could tell you were excited and I listened to the message and then you called me and I was hoping to see it go to 525-530 I was just going to be doing grip and somersaults and jumping. Well, I mean it's just so funny though how life comes around like full circle because this is what you were trying to accomplish with yourself before you met me at the last place that and then then you then it didn't work out you didn't learn anything from that person and then you found me and I don't exactly do options but I teach you what the stock's going to do and see how it's come full circle for you so you ended up fulfilling what you always wanted to do anyways you're doing it now. Absolutely but I do enjoy shorting the gaps and I love rating the 26 point gap rating and I understand that I love it I'm actually very good at it. I know you are good at it because I know you are good at it yeah. But what I wish I could do is I wish I could see what you see before it happens when you call the no chance of failure you know six hours before it would be a millionaire and later. Honestly a surf dog. I mean the way I'm seeing the market these numbers like this number that this number was never on the chart 500 was never on Netflix on the chart before the where that I'm seeing some of these things where they never been at the numbers before. I don't know and if I if I as soon as I figure it out what I know in reference to that I'll teach it. I don't know how I see something like this to be completely 100% honest with you that it would be at these numbers I don't know. That's why I'm like I feel very very grateful for for what I that I have the ability to do it but I have to say it's it's everything the culmination of the gaps doing gaps for so long now for seven years and reading price in the way that I do with the way money acts in the market is what allows me to be able to see these things have never hit that they're going to get there. I see the capability that they have to get there because I'm reading the money. I don't know if that makes any sense. That's the only thing that I can describe it right now like the no chance of failure thing when I call it in a shorter along. I don't really teach that as you know it's just me that's just me Melissa Armo saying no chance of failure and then we do it full throttle is a day trader like with this like this is the first time that I ever said. You know because I've really only been starting to say this no chance of failure like in the last year and a half. It's like I mean really I this is far beyond even the rating system to even see these kinds of numbers like for me to even say that the spy is going to 300 but I am telling you that there is no chance of failure. The spy is going to 300 no chance of failure. The spy is going to 300 and I saw that last year in the fall and I don't know if it happens this year 2016 although it very well could happen this year and I don't know how I see that surf dog but I mean just go with it like you're doing it you're doing the stuff I taught you in the intraday you're doing it with the options you're you have the conviction and you're willing to take the risk. I mean the biggest thing is if you don't want to take the risk I'm going to make any money if you didn't risk $500 today you would never make 10 grand. You were willing to put the money on the line. You had the faith and trust and conviction in me and what I taught you and the power of the gap. It's really the gap power that you had the conviction and besides me and the no chance of failure. But I mean like I don't even know how I see this going 300 but I'm telling you it is and there's no chance of failure in this too. There's no chance of finances going to 300 in this line and they could be 2015 or 2016 again that's the thing about options is the timing but that's why like this thing here is great to do because you're up so quick. And again I like stuff quick quick quick I like the fast money to very very quickly and this is fast money and you can't get any faster than this is soft rally $52 and five minutes. Incredible. You can't get out of it until tomorrow though right. I can't get out until tomorrow five minutes after the open. I really have to see what this looks like in the morning which I can't even say right now because this is so crazy this could do anything between six o'clock tonight and 930 tomorrow morning but I don't I don't know I don't know if this is going to be a long intraday tomorrow or not. I know people are going to try to short this intraday which is insanity but I don't know if it'll be a long play intraday if it'll hold in the sky or if it'll come in on the day and I can't say anything until I rate it in the morning because this is like too far away from the time you'd even say because this could rally another $25 from here or come in another 10 it's like too much to say but it's going to hold above 5. I don't know if this runs all the way up tomorrow over 550 though I won't know until I see the gap in the morning and really rate the gap and see it. But either way you're in the money here like way way great. So good job. Good job and I'm sorry to hear about your father where are you going where are you traveling to. Have a safe trip and I will see you tomorrow morning in the room and thank you for sharing with everyone here what you did. I appreciate that we'll have to figure out next time how to see your screen so you can show me what you did exactly with the contracts and everything. Yeah, you know what I'm going to do and thank you thank you for the no chance of failure. You want me to dinner by the way you're you have to this is a steak dinner on you at Bruce Chris after this you make $10,000 of my call tonight taking me out the next time. Five days so I can actually have wine again. That's awesome. I will snap a picture of this right now and I'm going to send it. Yeah, email it to me. It'll show you my contract. Okay, or how much you end up making in it. You have to let me know. Well, of course I'm going to be in class how I probably not going to sleep tonight. A risk on this I would have made 100 grand and five tell you how excited that makes me because I knew there was no chance of failure. It's like, I know that I couldn't risk 5000 on this and made money. Do you know what I'm saying? Like, I mean, it's just a matter of me figuring out like what I want to do. Like, I know I could have done it and I want to make $100,000. Yeah, absolutely. I'm actually taking a picture of it right now. So I can actually send it to you. Okay. Yeah, let's see. Let's see how well. Oh, I see. I'm going to shut my blinds here. Oh, yeah, you're going to, you'll see here. You'll even see that it shows probably. Okay. Okay. Okay. Okay. Okay. Okay. Okay. So now I can send this to you. Text. I got you in my text already. Any options again? Since 2000. Okay. So a good amount. That's a good amount of time. 15 years. Five years off. I didn't trade from 2007 to 2012. I didn't trade. I took, I lost too much money because the other people I was involved with didn't know what they were doing. I mean, this is what I'm saying. It comes full circle. You're making more than you could have ever dreamed now with this. You'll make all that back and more. And you know how to do it now. You know how to do it. So, you know. Okay. Give me your phone number. I'm going to send this to you. 602-799-5754. 602. You got to slow down. I'm a hippie sofa dude. 5754. 602? Huh? 602? Yeah. 602-799-5754. 5754. So send that to me and one more quick question here when I ask you before we close up for the night. So, Ken, do you have, so you have one trading account that you day trade in and then you do the options in that same account and you do it all in the same account, right? Yes, I do. Okay. I thought people might be interested in that. Just thought you'd be good to share that. Yeah. If I got to work, if I made another 10,000, if I make five or 6,000 to 10,000 tomorrow. And then take another 10,000 in the next month or two, then I'd probably change brokers just for shorting and doing what you do. Because there are times that you call certain stocks and I can't short them. Yeah, you got to have a broker that has good shorts. But mainly I've been able to. I've been kind of surprised. Yeah, it's a little bit blurry. I sent it to you, but you know what? If you blow this up, it does show my costs and you can see them and it shows quality five days to. And then as you scroll down, it shows, you'll see there profit and loss when the market closed today. It showed a $7.50 profit. Yes. The market closed. I was at a break even even with my commissions. I was at break even before this gap. Great. It won't be profitable. Well, yeah, I mean, this is fantastic. So we'll see, we'll see come in the room in the morning. I'll look at the gap in the morning. I don't even want to think about ending with it right now for tomorrow. But tomorrow morning, I'll look at it rated and we'll see if I think it's going to carry through tomorrow. And you can make the decision if you want to hold it through another day. Yeah. Okay. Yeah, I'll come in. I'll come in a little bit early. In fact, I may be in rain. You are too funny. All right, surf dog. Thanks for doing this tonight. Everyone. This is surf dog. He went over his beautiful, fabulous, perfect. No chance of failure and Netflix option tonight. Great call here by me. The socks wish have a fantastic evening everyone. If you have any questions about anything, just email me at Melissa at the stocks wish.com. And thank you so much surf dog for talking tonight. Have a great night. Thank you, Melissa. Good night. Good night.