 What is happening? This is Giovanni from the options trading channel here with a live update of our naked Option portfolio, I guess that's what I'm calling it now We are trading naked options in particular this week. We're still trading naked call options the most risky product In the stock market in my opinion, you have to have a basic understanding as to why I say that and Really it's because we can have infinite losses theoretically the probabilities of being at a Infinite loss are slim Very very very slim, but it's a possibility So we bought in or we sold Amazon 3,800 call options that expire this week September 4th We sold that one just one at $3.40 as you can see we're down 90 bucks on him Shooting out for 30 and then just now not even 10 15 minutes ago We sold some Tesla calls two of them at 91 cents the 640 call options that expire this Friday September 4th. We're currently down $35 as soon as they bought it went against me Actually both both did actually not necessarily hugely, but I wish I would have waited maybe Even 30 minutes after I sold these two Call options and I would have been at a in a better position anyways What I like about Selling options is you have this gauge you you have this gauge basically regardless of whether you sell or buy calls But you have this gauge here that gives you sort of a probability percentage and Those odds are amazing. I've never had anything like this those Tesla calls that we sold the 640s. They have a 97% chance of Expiring expiring worthless, which is phenomenal. Let's take a look at the Amazon call options. I am actually Very curious now what they are They are at a 94 almost 95% chance of winning of making money and I will take those chances This is very scary. I'm not gonna lie. I'm not like any other YouTube guru out there that you know, they pretend to know exactly what they're talking about and very confident I'm not necessarily they're not confident. It's just it is scary. This is the very first time that I've ever sold premium sold options to make Short short the premium, which is very interesting and nerve-wracking We are doing it with somebody else's account. So that's nice that helps, but it still doesn't necessarily help In keeping the nerves down. So I'm trying to be as calm as possible Let's take a look one last time at those Tesla calls Yeah, they're trading a little bit higher than where we saw them at. So there's Tesla There's Amazon all the way to the far right's Tesla all the far to the far left So I just wanted to give you guys this update Comment down below if you don't know what I'm doing here if you don't understand shorting options or Selling options aka selling options, right? Or if you don't know what options are or how they work comment down below What you need help with and also comment down below what you made money on what you lost money on What can I do to better assist you in your everyday trading? Thank you everybody so much for watching. I hope to see you on the very next trading video Hoping it's a green train