 The following is a presentation of TFNN the morning market kickoff With your host Tommy O'Brien Good morning everybody. I'm Tommy O'Brien company alive from TFN and Thursday morning just after 9 a.m We got about 25 minutes to go until the start of trading and we got markets folks green across the board right now Quite a sell-off into the clothes of yesterday. We take a look at the SMPs 2 p.m. Eastern Time you're trading at 45 76 you give up a solid 30 points coming into the clothes I mentioned that because on the program yesterday morning What I did is I went back to Tuesday morning and we had a similar 30-point sell-off Towards the end of the day not quite 30 points But in the last 15 minutes you traded from a price point of about almost 45 80 down to below 45 65 We get a similar sell-off late in the day yesterday even more exaggerated from 45 75 down to 45 45 Right now up about 15 points But you see the action overnight not too much of a sustained gain in that market big day of earnings today We get Amazon we get Apple among at other companies But two of the big dogs out there with their numbers after the close tonight and we got some GDP numbers a little bit of a Miss this morning jobless numbers as well Let's jump around to some commodities before we get into it Bitcoin back above 60,000 61,000 220 get crude trading a little bit lower 81 82 in crude gold up $3 this morning at 1801 you've got silver down seven cents at 24 11 and notes and bonds How about that drop folks on the GDP number? We're talking about a yield right now as I pull it up with down 15 ticks right now on the 10 year You have the 10-year yield at 1.57 percent 1.57 percent right now 130 21 of the tenure back in that out you can see kind of right where we were yesterday right on that spike down at 1030 1.57 percent right now We did make it to quite a low though as we had some higher price you look where we were in terms of where we were last night 13107 we're at 130 21 on that 10-year we jump over to the volatility index right now Market paying attention to that sell-off yesterday when the VIX moves it moves from 1560 to 1729 still slightly elevated in terms of where we were yesterday 1670 volatility premium priced into this market with a little bit of sell-off Yesterday going to be an interesting mode open with everything we have going on Let's get into the economic numbers US post weakest growth of pandemic recovery on supply woes The estimate was for a 2.6 percent annualized gain gain in GDP Pace in the second in the third quarter. This was right. I believe this was let me pull it up exactly Yeah, I believe it's third quarter the the 6.7. Yes 6.7 percent pace was in the second quarter They come in at 2% the market was looking for 2.6 percent here the desaleration reflected a sharp slowdown in personal consumption Which grew at just 1.6 percent pace after a 12% jump in the prior period shortages Transportation bottlenecks. It's all the usual suspects rising prices and the Delta variant of COVID weighed on both goods and services spending Some of the other data points to get around in here. I Wanted to bring up Inflation adjusted business investment cooled from the rapid pace of growth seen over the past year as Manufacturers struggled to fulfill orders non-residential fixed investment rose 1.8% on an annualized basis now the slowdown and consumer spending reflected weaker motor vehicle expenditures Get ready for this one which subtracted 2.39 percentage points from the GDP during the quarter almost 2.4 percent from the GDP pulled out Having to do with motor vehicle expenditures slowdown in consumer spending and folks just as a service if you don't need to buy a Brand new vehicle or a used vehicle right now might make sense to wait a little bit Doesn't mean they're gonna come down It's just that that makes sense when you think about right if you're going out You need a car you can go get a car because it's not coming down next month probably to any Dramatic degree if you do need that car, but if you don't need it not sure I pull the trigger right now on a new vehicle with everything going on Now you jump from that. We also get jobless claims 281,000 pandemic low pretty good number The market I think it was looking for just around that number in terms of where they were Dropped by 10,000 to 281 lowest number since mid-march or last year Believe you had continuing. Yes, here we go in all 2.2 million people were collecting unemployment checks the week of October 6 16 Yeah, that's a staggering number but not really Important in the context of things down 7.7 million from a year earlier. We all know a year ago the things were still rough Hiring slowed sharply last month to just a hundred and ninety-four thousand new jobs After averaging 607,000 a month for the first eight months of the year that's talking about jobs here Probably because companies can't find enough people to fill their job openings 10.4 million in August the second highest record going back to 2,000 We get both those data points at 8 30 this morning and the market kind of just takes it in stride Right remarkable that we get a miss like that on GDP Especially when market was already looking for bad data in terms of we're coming off 6.7% Just last quarter and you're talking about 2.6% on an annualized basis and you can't even come in at that number You come in at 2% maybe the market thinking that that Motor vehicle segment putting a hurting on the GDP When we had the GDP accelerating that was a big part of that as well The the cars have been a big part of the CPI etc all of that stuff So it's really remarkable how motor vehicles have infiltrated infiltrated so many data points that we look to whether you're talking about CPI Whether you're talking about GDP that motor vehicle segment is just so skewed right now It's really putting some big numbers into those data points that we get throughout the month All right jumping around to what else we got going on. We have a lot of companies with their numbers folks Let's jump to Ford first for it. I Think when did they come out with their open on last night? Yeah last night with their numbers Strong numbers accelerate higher. I had to question a second because it said I saw it published 335 p.m But yeah, I saw these numbers last night nearly double Wall Street earnings expectations slightly beat revenue projections for the third quarter Increased their guidance for the second time this year Increased availability of semiconductor chips at higher vehicle shipments in the third quarter enabled it to post higher than expected results That's that's that's quite a rosy scenario of what we usually hear right In terms of the chip sector hitting automakers in terms of supply Constraints in terms of delays at ports. They come into 51 cents versus 27 They take in almost seven hundred million dollars more in 90 days in terms of revenue of three thirty three point two billion Mark was looking for thirty two point five about And they pop higher they have new guidance earnings between ten point five and Eleven point five billion adjusted earnings not a bad number up from nine to ten was the previous Free cash flow between four to five billion strong numbers across the board You have Ford jumping up more than a dollar about a dollar thirty about nine percent right now You're trading higher for Ford numbers on their numbers last night after the bell Comcast beats expectations for revenue earnings and internet customers the company reported 300,000 net additions for high-speed internet customers, which was slightly had expectations Fifty eight percent revenue growth staggering numbers here Comcast has been on quite a run recently They beat on revenue they beat on earnings and as I said they beat on high-speed internet customers Comcast did not report sign-ups for peacock the streaming service which offers both paid and free options to customers 54 million sign-ups as of July here's the thing Be careful of that part of that business Comcast peacock that's gonna be a big deal But you can sign up for free never even watch it drop an email address in there I think I did that during the Olympics never even watched it I'm counted as one of those 54 million stay tuned folks We'll be right back with Kevin Hinks from TD Ameritrade Network Everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most Aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24-7 newsletter at tfnn.com when you subscribe You'll get a weekly report from veteran day trader Larry Pezzavento on stocks You need to pay attention to and you can trust Larry's analysis after all He's got 45 years experience as a day trader Larry will also provide daily charts Videos and data on the key markets that he's tracking expect notifications from Larry on market movement You need to act on at any time first-time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24-7 newsletter today tfnn.com educating investors What's separating you from the most successful men and women on Wall Street? That's right Information having all the information gives us the perspective we need to place the right trades at the right time The TAS profile scanner is the premier market profile base scanner Powered by its acclaimed TAS proprietary algorithms, this feature rich scanner instantly filters over 2500 plus global financial markets such as stocks ETFs commodities futures and forex This powerful suite of tools Leverages instant trade filtering and strategy formulation to show you emerging trades Before they happen for a limited time You can save $100 off your first month by using the promo code upgrade and you still get a 30-day money back guarantee So you have nothing to risk Level the playing field with the TAS profile scanner which you can find under the services tab at tfnn.com Sign up today Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at Tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either Tfnn airs live financial content streamed live on tfnn.com and Tfnn's YouTube channel with Tiger TV live every market day from 8 30 a.m. To 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the World from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help You make the right moves with your money watch online at tfnn.com or on tfnn's YouTube channel and become the investor You were born to be tfnn educating investors Welcome back folks. We have the S&Ps right now up about 14 points trading at 45 49 We get the Nasdaq up 76 points Nasdaq 100 charging. I think that's an all-time high 15,717 Yes, it sure is yesterday Microsoft it just did not stop for Microsoft yesterday to the upside Microsoft free to hire 326 10 right now You're up about a dollar from their close yesterday at 323 you're trading at 324 And of course we get Amazon after the bell tonight. We get Apple after the bell tonight Let's jump over to our man Kevin Hinks every trading day folks noon eastern time on Tiger TV the TD TD Ameritrade Network fast market Kevin Hinks Tom White the team over there walking you through the market action setting up hypothetical trades Kevin Hinks we got fundamental news man. We got GDP. We got jobless numbers and we get tech earnings. Good morning Good morning, Tommy or Brian. Yeah, big day biggest day of the week in terms of numbers and high profile Amazon and Apple and don't forget Starbucks coming out with earnings We just got a GDP print that was interesting in its number a miss on the headline number But a little beat in terms of expectations on consumer expenditures So, you know when you look at everything that happened in the quarter, you know consumer spending was bound to slow down It did were surges in COVID cases, you know shut down some parts of the country it did government assistant payments and Social benefits programs decreased they did so not surprising that the numbers are coming down It came down maybe a little more than everyone thought But the jobless claims number was a good number at 281,000. So all things considered, you know coming off a pretty weak Final hour and a half of the trading day yesterday Markets are firmly in the green here to start the day Obviously Tommy that is subject to change without notice It's always man. I love this market We had quite a little sell-off yesterday to end the session And we bounce back today, but those tech stocks so strong yesterday Microsoft I did we were chatting yesterday Kevin that thing just charged higher all day. It seemed like Auto motor vehicles Kevin, right? We talked about it many times I kind of kicked off the show when I was talking about it's pretty remarkable How that sector of the economy is just having such an impact on so many data points We've talked about it whether we go back months For the CPI data and the influence that just some of those car prices have had on the inflationary data that comes out And then you have the slowdown I'm reading this from Bloomberg Kevin talking about the GDP this morning the slowdown and consumer spending reflected weaker motor vehicle expenditures Which subtracted 2.39 percentage points from GDP during the quarter What do you make if anything? And I know it's just a lot of noise sometimes in these numbers about how the cars and motor vehicles whether it's new used And that's a consumer spending thing of it as well But 2.4 percentage points of GDP just talking about motor vehicle Expenditures pretty remarkable how that consistently is just having such an impact on on a lot of this data man Yeah, that's why Again, I'll I'll pound the table on get these Semiconductor chips back on the market. I mean we've been waiting five six Seven months now for these things to come in. Where are they? That's what I do see I'll tell you what I take my daughter to school every day and I drive down a pretty busy road with a lot of car dealerships Second day in a row Tommy. I've seen trucks full of cars in front of dealerships Haven't seen those in quite a while So maybe things are starting to loosen up ever so slightly and you know Ford what an incredible earnings they put out not only the numbers they put up, but the guidance for next year Ford really I mean that that's actually going to have a big day They reinstated their dividend not really surprising that they reinstated the dividend but Ford is is surging higher this morning. So yeah the cars listen It's real simple get all these employees back in jobs Get all these semiconductor chips back made and in the market Get all these goods off these boats sitting on these ports and get them into the u.s. economy And I guarantee you things will get better. Tommy I like it man, and you beat me to for it. You did because the one I was going to say Was that they talked about increased availability of semiconductor chips Maybe a little bit what you're talking about those vehicles coming back on the lot and higher vehicle shipments I said that's kind of contrary to things that we've been hearing lately, right that increased availability hopefully that backlog Because man what happened to the internet of things man? It seems like everything is going to have a chip in it pretty soon So we need some microchips and just about everything. We're going to be purchasing cars The numbers they come out with man staggering in terms of the the revenue that they've lost over the last year Etc not pushing them out. So we jumped it today, of course, kevin We have like you said we got just more than the two big dogs You get starbucks out there among many others What are you guys going to be talking about coming up on the show at 12 noon today kevin So obviously we're talking about apple like folio is going to do presentation on apple We're going to talk about amazon, but nathan peterson From the swabs center for researchers coming on. He's going to talk about a stock Bkkt It's called back holding and it is a stock that just ito'd just started trading options And it's pretty incredible Because it's in the crypto space and so He's been pounding the table that he wants to do a presentation on this thing. So today we're doing it It's going to be pretty interesting The whole crypto sector man. I was pulling up earlier. So of course, I'm a new england patriots fan kevin Tom brady to his credit man. He's deep in that crypto circle and it seems to be going well for him I read this morning new company. I think it's crypto.com. They're doing a hundred million dollar campaign kevin Matt daemon's going to be on the front of it, man You got ETFs coming out. The whole sector is pretty amazing. And what is it shiba inu somehow the new the new, uh, alt Accelerated dogecoin crypto. I can't even get it out of my mouth. It's kind of so crazy But always interesting and I got that chart up there, man They go public. It looks like under 10 last three days. You're pushing 30 dollars 37 49 And amazon and apple before I let you leave kevin. We're going to jump over on the analyze tab And I've asked you to do it many times. We're always getting new listeners, man I love the one day expected move. It really comes into play for earnings We got about two minutes left in this segment kevin. I got amazon up here Yeah, I got about 109 dollar move priced in for the earnings event Can you just talk to the listeners a little bit again about how the the platform for think or swim Kind of takes that number when it presents it and what it means, especially for option traders out there Now when the market maker move Comes appears on the figures from platform All it really does It's measured the implied volatility in the front expiration And when that implied volatility moves above the second expiration, which if you look at amazon right now the implied ball is 61.7 Next week for november 5th expiration is 38.8 So that relationship when that front month volatility goes over the second expiration It creates an event Right it it signals an event and it creates a one day market maker move And so it measures the implied volatility and gives you the expected one day move in this in amazon It's 109 dollars in apple. It's only three dollars and 60 cents So relatively, you know higher but muted and people ask well, well, where can I find that market maker move? It only comes up when that happens when that implied volatility and the front expiration Goes above the second expiration now. It's not the answer to how the stock is going to move It's part of the question On how the stock is going to move the answer is when the news comes out and the stock actually moves So this is just an estimate based on the current implied volatility in the option I love it man. It's just such important information and once I wrap my head around it It's you know, I stare at it every single trade I make kevin whether I'm trading options or not If any type of event is coming in you got to know what type of implied volatility the market's looking for and it's right there Well, kevin, we look forward to the show as always man. We we appreciate the education We'll be watching at noon eastern time today. Have a great one, man Thanks for ripping me out tommy. My pleasure always take care man folks. We'll be right back for the open stay tuned Are you having fun trading the markets? 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You were born to be tfnn educating investors tfnn is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'Brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any traders methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleaf abc's butterflies and much more The art of timing the trade charts is designed to help you when scouring the markets for stocks Just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now we're offering licenses available at only 79 dollars a month We are so confident that you're going to love this new charting software that will even give you a 30 day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tfnn.com This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Welcome back folks. We got markets open and we got markets accelerating higher on the open as we're Digesting supply and demand. We're digesting that gdp number at 830 We got a jobless claims number We got a bunch of earnings coming into the stocks and looks like we're getting a pop across the board right now There's your s and p action up to 45 64 right now up almost 20 points nasdaq 100 up about 90 You get the dow up 95 right now in the russell catching a bit as well up 16 points Quite a pullback the last couple days over the russell 23 21 down to 22 48 We jumped to bitcoin bitcoin up 25 $2,700 can't keep track of it quick enough at 61,855 I mentioned it to our man kevin hanks. They're talking about in the den as well. I'm and dave white putting it in there So this one's an interesting one And if you're not familiar so Tom brady, I think he's teamed up with ftx. Maybe it's the one he's with but he's always I follow him on social media He's always out there whether they're pumping out nft's non-fungible tokens I think he's an investor in that company and he's always out there pumping it I think he's probably making a lot of money out there with that company Cryptocurrency platforms like crypto.com the first thing I thought is quite the url right quick crypto.com So it's growing its user base about tenfold since last year I'm into rising interest in cryptocurrencies like bitcoin and it's going to spend 100 million dollars on a campaign starting 20 countries It's going to be airing in it's going to star matt daemon. It's going to be directed by cinematographer walley feister not familiar but seems like he's a notable person from the way they phrase that there It's linked with the formula one the ufc Italy's top soccer league. They have no joke in terms of coming with it It has deals with the french soccer club paris saint germain germain That's one of the biggest clubs out there The 76ers the canadiens i mean they're all over the place they're spending 100 million the opportunities here seem to be endless with the amount of money that they're throwing Founded in 2016 based in singapore about 10 million customers for its app and crypto card program offered in conjunction with visa visa visa had a tough day yesterday We'll jump over to that And he is an investor in crypto got.com. So it's interesting, right? You're getting these crypto companies. They're bringing online Huge stars. They're bringing them on as investors And they're getting them behind them and nonetheless seems to be paying off Um Yeah, so anyway, you'll start seeing those commercials and it's not going to stop in the crypto sector You got crypto back above 61 000. All right jump it back. We talked about comcast I didn't get to their chart, but big numbers in comcast. I was finishing up that conversation 54 million sign ups as of july now this one's an interesting one Comcast is a very strong company bottom line. Okay Uh, oof. They didn't like whatever they're saying on the conference call though. I saw that I think it was the conference call because this thing fell out of bed before conference call started at 8 30 Fell out of bed at about 9 10. I was trying to find what they were talking about Yeah, and the only thing I found was that their ceo said that uh apple is going to bring apple tv and apple tv app to Xfinity which is uh comcast Didn't see the headline yet for what sent this thing cratering at about 9 10 A.m. I imagine that was something because you're only about 30 to 40 minutes into the conference call you open down 4.4 Percent after trading higher on their numbers. So something hidden in there. Um that they were talking about But when you see these numbers for peacock, all I'm gonna say is They're not real numbers Okay, because all you had to do was drop in an email address during the olympics that were going on Something like that right download the app and that's what I think I downloaded the app I think I created an account because some of the olympic coverage was going to be on peacock And I never ended up watching it and now here I am being touted as a as a loyal customer, right? Signing up for peacock not the same not going to happen. I don't envision myself watching that ever right now Um, there's just too much competition. I pay for too many things. That's the thing If you ever pay for something yourself, it's like, uh, it's like a a kid if you know if you're a child And and you go out you the child has to work some chores and then they go out and they buy something It means a lot more. They might take care of it a lot better as an adult If you're out there paying for a streaming service you're much more inclined to use that streaming service To rationalize the money that you're spending on it, rightfully. So I'm not paying for peacock They're not high on my list of content that I need to watch. I have cable in the house to watch NBC anyway Um, so keep that in mind when you see these numbers because that's gonna That's that's gonna be something they continue to tout But I don't think it fairly reflects the amount of you viewers that they may actually have within that service Um Nonetheless pretty strong numbers, but the market not liking something going on in that conference call. I believe and as I mentioned visa Yeah, there was your action yesterday and visa the news came out yesterday afternoon that the justice department was actually probing something to do With their relationship with uh incentives having to do with the fintech firms Possible kickbacks possible antitrust concerns not what you want to hear especially following The pullback they had I joked with one of my friends One of my best friends runs a credit card processing company out of new york Mammoth company they do about a billion dollars in processing a month for this credit card company So they're doing 12 billion dollars. It's just straight business. They have their hands on a lot of the pulses of going out there Uh visa their technology company in a big way now too Now I bring it up because I was kind of kind of ribbing them a little bit yesterday with with visa's performance asking If credit cards are a thing of the past because that's their business Joking 1 million percent folks. So I sent them this chart and then what I did is I pulled up the monthly and I said You know what? I think you're gonna be fine Because check out the monthly chart of visa. Does it get any prettier than that? Seriously no matter what year you pick it My goodness, this thing has been on a tear the last few months you've pulled back But you're talking about from what we choose a year you want 10 bucks in 2009 Uh 50 bucks back in 2014 Uh 100 dollars back in 2017, right? You're double that still just a just a Consistent stock in a big way. Of course, you pulled back during covet like everything else But visa rebounding struggling a little bit But I imagine they are going to succeed in the future as they have continued to Uh in a big way But they might have a little bit of concerns as they miss on some of their numbers yesterday And then you got the news of the justice department coming out yesterday afternoon Their relationship probably a little bit too cozy with some of those fintech firms Uh and you're seeing a sell-off this morning I mean that's that's nothing to shake your head at folks You just dropped five dollars in visa in the span of about six minutes of trading and we still have the markets in positive territory right now With the s&p's up 18 and the nasdaq up 57 Let's jump around some of the other companies with their earnings forward extending the gain up about 10.8% right now We had Shopify numbers as well Shopify trades lower last night conference call pretty decent action pretty marginal move. You're up 1.4 percent My dad was talking about it on his program last night. We use Shopify have used it for about three years I think which is crazy at this point um Very user-friendly platform and what we actually use it for a tfn is a lot more sophisticated We do have to do some programming back in um a lot more sophisticated than actually What many companies need to do because we have recurring subscriptions for our newsletters. We have cancellations There's there's some coding that has to go in there and even that we're able to do But when you're just talking about selling goods online Very very simple process. They've intertwined it all and in the days of Data protection security It's as as somebody who manages the company folks not having to worry about just the pure Protection of data that element of things because for the longest time tfn we had our own servers And we've always used a credit card processing company And those would be the people that actually held the the credit card data We would not hold it ourselves just to prevent that data from being released But you still manage all that data within your site, etc And having Shopify be kind of your security partner where they're running everything that alone for a business is so valuable these days Because if you're talking about protecting your own servers doing all that stuff I mean the world has changed in a big way and Shopify they talk about it on fast market that in some ways They are a competitor to amazon servicing those small businesses They're going to open almost flat at 1.7 percent. We are open down 1.7 percent shop by stay tuned folks We'll be back. Take a look at amazon. Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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That's tfnn.com and hit watch tiger tv Welcome back folks. We have apple op 1.3 percent coming into their numbers now It's always staggering folks have talked about it before the number of shares that apple has outstanding every times it move Every time it moves a dollar the market cap move in this equity is just remarkable in terms of what you're talking about now I'm getting into jump over to the analyze tab You jump over to the fundamentals tab on the thinkorswim platform Apple's got 16.5 billion shares outstanding every single dollar that it goes up You're adding 16.5 billion dollars in market cap. That means today 33 billion dollars in market capitalization added to apple Remarkable now. I'm going to pull up This email let me get this one correct. Oh come on You know what I have to find it. I'll find it at the next break because I got to load these Okay, I'm going to find the next break it was going to be talking about apple versus amazon Uh, excuse me apple versus microsoft. No, you know what perfect here it is This is the image I wanted and uh this service. It's it's called What is it's called charter? I mean, let me get it up to give them a Charter tr Dot co and they basically just put data in charts and I like graphics of things now take a look at this chart folks Now this has to do with tesla joining the million dollar the trillion dollar Let me yes trillion dollar market capitalization club Uh, what's really remarkable here is that tesla comes out of nowhere, of course I was talking to my dad last night and I said you think inflation isn't here We didn't even have a company folks that was what is this above 700 800 billion dollar market cap until 2017 okay, you had apple Become the most valuable company in the world and the first company ever to hit a trillion dollar valuation As recently as just more than three years ago That seems bananas that we had never had a company with a trillion dollar market capitalization Just before three years ago where nowadays we have apple and microsoft pushing 2.3 to 2.4 trillion We have google closing on 2 trillion. We have amazon out with their numbers tonight They're at about 1.7 trillion and we have tesla and facebook right near that 1 trillion dollar level tesla above that level at this point Not sure that facebook is above that level right now The other really cool statistic of this is how much Of a gap microsoft has made up on apple this year alone And this is microsoft's in the blue here And then you have apple in the black the beginning of 2021 is right here at the beginning of 2021 Microsoft had a market capitalization about 1.7 trillion apple was at a peak there of about 2.3 They had a 700 billion dollar lead On microsoft to kick off this calendar year folks in january Excuse me and they've almost closed the gap by october now to put that in context There wasn't even a 700 billion dollar company for years ago This year alone microsoft has closed the gap on apple by 700 billion dollars a market capitalization that didn't even exist for years ago You look at these charts now. Yes technology is taken over That's part of it, but it does point to some form of inflation folks when you just have stock prices through the roof But the big dog's doing it in a big way Now back to the charts. All right, so we're going to walk through a couple of hypothetical trade setups Of what you can do and these are not trades i'm doing in my newsletter Okay, and they are not trades that i'm advising period They're just for demonstration purposes and i'm stressing that because they're not even figuring in my market bias Okay, they're just things that I think are cool when i'm going through this that some people Maybe you don't realize when you're talking about options. All right now If you were bullish, let's go to amazon because it's got so many big numbers in here if you're bullish amazon Amazon's got about 120 dollar move priced into the equity Okay, so if you're now that's in either direction So that means if you're buying an at the money call or put it's going to be about 60 dollars on either side That you'd have to make up in premium for an at the money now What's so cool when you start playing with options, right? Is that let's say you say to yourself I want to buy a A call spread from 3,500 to 4,000. Okay now. Let's say you want to go out all the way to december Give yourself a little bit of room Beyond what you're talking about in terms of just this expiration level Now maybe you think they're going to accelerate into the christmas season now Ordinarily, okay if you're buying the 3,500 call all the way in december We're dealing with big numbers here in amazon. Okay, that's going to cost you 8800 bucks now maybe You want to offset some of that costs and you you don't think that you have much exposure above 4,000 If you do you're able to get you're willing to give up those opportunity costs Uh, you get back about 11 bucks Per contract you're still paying for that spread folks from 3,500 Which is the 88 Dollars almost you get 10 bucks back by selling a 4,000 call You're still paying what almost 8,000 dollars about to get into that equity now. What's so cool is sometime what you can do is you can sell a Put spread below the market to get some premium. So what you're doing here is you're buying a call spread above the market Okay, which starts to gain value at 3,500 That's going to cost you 80 bucks But instead what you do is you say you know what but i'm fairly confident if it doesn't go up That it might just stay in around this area between 3,300 and 3,500 Then what you do is you can sell a put spread for a credit from 3,300 to 3,150 Now what that does do is that increases your potential loss Because you are the one covering the exposure from 3,300 to 3,150 now these numbers are so big What I wanted to demonstrate is that you're able to bring that cost down Traumatically when you tie it over to apple the trade setup is pretty cool when you can play with these and this is why folks head on Over to the front page of tfnn, you know, they are a sponsor We know we're biased, but I'd use it anyway if they weren't a sponsor folks Download the demo account and just play with some of these trades, you know If you watch fast market if you watch my program my dad's larry basil steve You can walk through some of these and so apple for instance, okay Going out to december apple right now is trading at 151. Okay the trade I set up in here I am basically buying a call spread from 160 to 170 And what i'm doing is to offset that cost I'm selling a credit put spread from 145 to 140. Okay, and I from doing that I break even all the way from 145 to 160 in this equity now again apple straight at 150 Okay, but what then what i'm able to do is I have a $1,000 potential profit if I trade to 170 or above I have a $500 potential loss if I trade to 140 or below and again with a break even between 145 and 160 I point it out because if you're on the platform you play with some of these positions I think it's pretty cool when you start to to realize The flexibility that you have in some of these and that's kevin hanks talked about it. Okay You wouldn't necessarily execute execute this as one trade The way to do it that would probably have the best chance of getting executed at the best price Would be to execute them individually where you would buy a call spread You would sell a put spread you'd sell them as two different trades You would be paying and what i'm going to do is i'm going to walk it through as we finish this up All right to show you exactly how they would line up here. So again, I was going to the december contracts I was buying a 160 call which is about a buck 94 I was selling the 168 Excuse me. I did it the wrong way there. I was buying There we go. So ordinarily that would cost me a buck 28. Okay to show you what that looks like I have a loss all the way up to 160 with this trade But then what you do is you add selling that put spread I just want to talk about it because when you see it visually it's pretty cool How those line up will finish setting up this trade so you can see it just to get your mind thinking about the possibilities As we come into both of those earning events tonight, man, watch out for this market It is not stopping folks s and p's right now up 27 points We got the nasdaq up 85 the dial up 176 We'll be right back to finish up the foot show folks. 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So set this up It's two different trades you're buying and again just for demonstration folks I'm not even bullish on apple coming into earnings. I'm not bullish on them going through december I'm just walking you through how you can set these trade setups in a way That's pretty cool that not a lot of people realize so very simply You know, it's as simple as do you buy a call or sell a put, right? Then you have well, what I'm going to do is I'm going to buy a call spread from 160 to 170 this goes out through december The problem with that you might see is you say, ah, it's a bummer that I'm going to pay a buck 39 So I lose 139 dollars per contract if apple stays under 160 Apple right now trading at 151 87 Okay, but then as I mentioned now I split them up into their own trades here You sell a put spread and you can see the difference here. Okay, you're collecting about a dollar credit for the put spread you're paying a buck 42 for The call spread when you add it to the graph you can see what it does now what it basically does is You got a 40 dollar difference Okay on this equity because you're taking in uh a dollar credit But you got to pay a dollar 41 But what is kind of cool is you have a thousand dollar potential profit per a trade here if apple gets to 170 By december 17th, and you have a 500 dollar loss if it gets to 140 So what you've basically said is I'm willing to take losses on apple from 145 to 140 If you're willing to give me profits in apple from 160 to 170 through december That's a pretty cool trade if your position lines up that you think apple no way over three months Is it trading lower by five dollars? Right? So maybe it's going to stay the same I think it has the ability to shoot up, you know another 10 15 percent by the end of the year Just something to think about as you walk through options folks because you see that line You're pretty close to even and then you can start playing with you know even further You don't you want to make sure you actually lock in a profit cut down your call spread to 165 And guess what just like that you got a 14 dollar profit if apple stays between 160 and 145 And then you just have an even loss under there for 500 you've capped your profits at 500 to the top Something to think about folks. Thanks so much for starting your day. Stay tuned. We got basil up next larry at 11 fast market at 12 Steve road, Steve white, tom o'brien all this afternoon. Have a great thursday