 Welcome to Access to Trader, the number one community for those who are committed to taking control of their trading in order to achieve success, profitability, and longevity. Thank you for joining us. Here's Dan Shapiro to help you find your edge, master your process, and own your future. Hey guys, good evening everybody. Welcome to another edition of the AccessToTrader.com nightly wrap-up show. Hope everybody is doing well. Crazy, crazy market. We'll get to it in a second. If you are a brand new to the channel, thank you. Thank you for spending 15 minutes with us. Welcome aboard. Share, subscribe, all that good stuff. Like the video. Help us out. We'll try to help you out with giving you the most unbiased opinion of the market that we could possibly have. And we can be on this journey to Neverland because there's no trophies, there's no finish line, just constant education, and the ability to get out of our own way. Again, I've been saying this for years and years and years. There's no such thing as a great trader. It's just a lot of traders have been doing it for a long time that are getting really good at not shooting themselves in the foot versus brand new traders who haven't been through the battles, who haven't been through the foxholes doing this on a continuous basis. But it gets easier throughout the years and eventually you will get that aha moment in your life. So hopefully you guys will continue and don't give up on this journey. So let's talk about the tape. You know, yesterday we talked about, you know, the market's good. Guess what? The market's still good. Again, nothing materialistically has changed. The Dow is up 70s in a row. This is the longest winning streak since 2021. The NASDAQ continues to go up 1% a day. It's just been absolutely amazing. And even today when you thought, especially in the morning when you thought, well, maybe today the market will rest, you had Nvidia down a little bit, you had Apple down a little bit, you had Tesla right in the morning, you had Amazon in the morning, you said, all right, cool, cool. Your market's resting, can't go up every single day. And then right in the middle of the day, around 11 o'clock in the morning, Microsoft drops a little gem. And we'll get to that in a second. Kind of rewind a little bit, right? During 1999 and 2000, again, the internet kind of got really going. And that was the dot com craze. And I remember back then when a company came out with a PR, and they said, for example, we're selling jewelry online. Oh my God, it was such a big deal that that stock would just go absolutely out of its mind, right? So any PR during the dot com craze that they were selling some sort of e-commerce online, that stock would go nuts. If you guys remember during pandemic, any single company that said, well, we are developing a potential COVID test, that stock went crazy. And now it's just all about AI, right? Artificial intelligence here, all about, you know, all around. A lot of you guys have these chat GPTs, hell, even I downloaded the free chat GPT app a couple, you know, it was a couple of months ago. So now it's getting very, very mainstream. So now companies are using the word AI to really kick things into gear. And that's exactly what happened today with Microsoft. So Microsoft was doing absolutely nothing the whole day, just like everything else. And then right around, right around here, right around 1130 in the morning, they dropped a very, very innocent PR. And it basically said, we're going to raise our prices on AI products. And what that basically means is there is demand, right? So when you have more demand, well, you're going to raise prices. That's exactly what every single business does. And Microsoft went absolutely out of its mind. Okay, it started going absolutely nuts. It went literally from 349 to all the way to 367 going absolutely berserk and talk about the options market lighting it up. When the PR hit, okay, they were coming for the 350 the 355 weeklies when the stock started going to 351 352, they were coming for the 360 365 weeklies when the stock was going to 360, they were coming for the August 370s, 380s, 390s, and I even saw some 400 calls coming in just the absolute nuts. And just like Microsoft just during back in the days with a dot com PR going online or one of these companies going for COVID test, AI was everywhere. Then Microsoft came out with a PR with meta, right with meta collaboration, then meta started waking up and then all of a sudden video realized, well, wait a minute, we're in AI as well. And guess what happened with NVIDIA? NVIDIA started ripping as well. So you saw just a lot of names going absolutely nuts. And it really does show you that you don't need a lot for this market to get going or for your stock to get going. All you need is a little bit of a PR, the speculation money flow is just embedded everybody's brain people willing to chase everything inside in any price they want. And the most important part is once those market option flow market hits, and they start coming repeat guys, that's the formula folks if I had to start all over again, all over again, not knowing anything about technical analysis anything about charts. I would begin with the most basic thing, right if you know what a breakout looks like right like this is a breakout right here on the video that we talked about going above the 440 level right and you just know what a basic breakout is and if you start seeing repeat buyers okay in the same option chain over and over again out of the body option chain with short term expiration is a very, very good chance. It's going to light up at some point whether it's today. Yesterday where eventually it's going to light up and when it does, it lights up very aggressively do you know case in point right we would talk about PLTR yesterday right so my PLTR came in long PLTR overnight had a runner. They came out with a PR remember they were buying yesterday those those buyers that were coming in to the 1717 and a half 1818 and a half dollar calls. Ta-da stocks at over $18 you know really really big move there as well. I think going into tomorrow and all eyes obviously are going to be on Tesla that continues to be going nuts and Netflix that continues to be going even nuts or if it's possible that's even English but these stocks are obviously going to be the focal point let me just see if there's any other notable names for tomorrow's session I think those are the big ones I think IBM reports tomorrow but let's see your earnings calendar for tomorrow. Yeah you got Tesla you have Netflix you have Goldman Sachs forgot about Goldman you have some airlines Las Vegas Sands IBM you know some regional banks but the key the key the key numbers for Tesla it's going to be for Tesla and Netflix obviously Goldman Sachs is going to set the tone for financials and you know look look we don't know what's going to happen to Tesla earnings we've been going through again just kind of kind of the segue yesterday that we had in the options corner we'll get to some notable option plays today that we saw being bets you know we don't know what's going to happen at the earnings we don't we don't you think you do you might guess you hope it is going to happen but we don't okay we do know they continue to bet we will start off with Netflix they continue to bet the 500 weeklies we saw next week's 550s are coming in pretty aggressive bets does that mean Netflix is a slam dunk it's going to 550 tomorrow who the hell knows right again when it comes to earnings it's all bets you know all bets are on the table but nobody knows for sure again the question is open ended question especially after big big rally is the market baked in raise the earnings results baked into its run we'll know you know we'll know tomorrow after the close same thing with Tesla right we've been talking about this for a week already they were coming from the 300 calls non stop guess what they're still coming for the 300 calls non stop and I'll tell you one thing I will tell you one thing we saw now for three four days role millions and millions and millions of dollars being poured in on the weekly 300 calls and for next week's 330s 345s okay if they disappoint there's going to be a fire and all these premiums that they're going to go to just straight to zero so look they might be very very aggressive on their bets did they know something that they have this you know the earnings leak we have no idea right we don't know and obviously will take advantage of Tesla's price action after the earnings right whether it's long short or indifferent but for tomorrow obviously this is going to be the big you know the big one the big star of the show along with Netflix to see again are these you know are these call buyers are not uncertain you know we'll see tomorrow pretty much 24 hours from now when we're when we're discussing the markets will say you know we'll see what happens some other notable bets that we definitely definitely saw today look at this lift and I and again I'm trying to when I when I do these updates kind of as as of yesterday going forward you know I try to poorly the option flow into the daily setup so for example I'm not going to talk about a stock that was option flow 20 points out of the money but the stock looks like crap but here's a point in reference to lift right look at this tight flag on lift had a nice move up now it's going sideways if if lift can get above this channel here the July highs here next couple days maybe this thing lights up they were coming for the August 18 expiration for the $14 calls you know they were coming some pretty aggressive a pretty aggressive flow we'll see again still needs to get above the top of the channel one name that was really really aggressive throughout the whole morning and you can see the move in the morning here really really big move was it's sold off towards end of the day but keep an eye on this thing guys they were coming for the August 25 50 calls and they were coming for the weekly 25 and a half 27 and 27 and a half dollar calls but you can see here stock really sold off towards but had a really really explosive run I know a lot of you guys caught the move a name for example like well in the video right like give an example of the video they're not even coming for the 500s anymore right and obviously it's a really strong chart really aggressive setup here and it's very very close to the highs from two days ago for them for the next move up they're not even coming for the 500s no more we saw some buyers come in for the for the August 18 expiration for the five 50 calls so again there there you know they're either betting strong into earnings or just just have blinders on it just don't really care how high the stock goes they're just continuously bidding up the shares as again speaking of Microsoft and we'll be definitely watching this thing in the next couple days for a little bit of consolidation for the next move higher but boy oh boy look at these bets guys they were coming for the August August 18 400s the October 385 so just a lot of bull market bets being put out literally everywhere and the most important part is again guys do not fall for the for you okay dole folder you for a trade take it trade by trade day by day as you see every single day like they pulled at the open today they could pull at any time they're not going to give you a warning so the last thing you want to do is keep on pushing pushing pushing on overextended names keep you know look at you know stick with the stocks like this right stick with the tight tight stops to add tight setups like a lift right nice tight setup if it starts confirming the next couple days god bless right I'm still on my runner on apple apple had a res day today nice calm res day again look how tight it's getting getting really super tight two weeks of consolidation again they were coming for the 195 weeks if this thing could wake up in the next couple days and take out the yearly highs man this thing's going to light up as well so again nice tight looking charts not overextended names I'll leave you guys a couple of more names just to kind of watch lift you know obviously I'm watching I'm watching I'm watching apple tomorrow I'd like to add above the pre you know above the earnings above the yearly highs look at AMD right AMD starting to get tight here it needs to go maybe a little bit more tighter the next couple days but AMD if it starts getting above this channel and confirms his Bollinger band this thing is going to go roadblocks today started to get you know started to get pretty good I like this is the highest close in the whole formation I want to keep an eye on this thing for tomorrow as well and letter you right letter you has been a really really good trader had a really great base couple days ago now it's trying to go sideways and needs to confirm above the Bollinger band to have its next leg up so tomorrow guys again all eyes on Netflix all eyes on Tesla I mean again if this is a slam dunk tomorrow at 300 you know it's it's a tough slam dog because every time you know all I'm seeing on social media is this is free money free money and free money and all I know is retail when retail is all on the same side of the same trade no matter what institutional money flows doing all I know is not a slam dunk hopefully I'm wrong I would love to see Tesla completely go bananas and start tackling higher levels because again there's no better feeling no stock hits better than when Tesla's on a runaway train and hopefully we'll see what happens tomorrow but again you know we're always preparing on both sides of the market we don't need a bull market all I need is ranges and if one range confirms that's all I am asking for guys God bless everybody actually tomorrow there is no video tomorrow Thursday or tomorrow's Wednesday I'm sorry tomorrow's Wednesday there is a video tomorrow so tomorrow we will see where we are in about 24 hours where their earnings are and we'll see what our thought process going forward guys God bless I will see you all tomorrow take