 What's going on everybody? This is Giovanni from the options trading channel and well here we go guys This is something that I'm sure everybody has been waiting for Ever since I started selling naked options I'm sure in the back of everybody's mind that knows exactly what naked options are what they were thinking was one of these days He's gonna get absolutely clobbered hammered wrecked On on a position and here it is we are here guys and it is It's gonna it's gonna make for good content. It's gonna make for good video. So stay tuned We are absolutely getting hammered and getting just destroyed on Baidu let me show you the position Baidu in my video yesterday I showed you that we sold some 190 calls We sold them at I would have to double check, but I thought it was like 27 cents. Well, they're up huge And we were down quite a bit about About 2100 dollars somewhere in there we decided to roll those out to the 200 calls And let me show you that transaction We bought them back at a dollar sixty-seven most of them if you're looking at the very very bottom You'll see that we covered at a dollar sixty-seven and then we doubled our position We doubled up on the 200 calls bought 30 of them at 84 cents and well as you can see they're trading at a dollar sixty-two Again, so we're down big guys. We're down big. We're down 47.03 all together how much we've lost and It looks like it's gonna open up tomorrow. We'll see where it opens up tomorrow guys, but it's it's getting up there I mean just absolutely destroyed here But this is what you come here to see you guys come here to see me fail and that's Okay, with me. We're gonna try to salvage this trade tomorrow We don't know where where it's gonna open so we can't really speculate, but my idea This is just my idea. We'll we'll see what my mentor says and he's in these as well Not as deep as I am but We're in this together kind of thing. I think we're gonna end up rolling these out Again, maybe as far as the 215 currently we can't go past 215 for this week We'll see what happens tomorrow morning. Stay tuned guys. You guys do not want to miss How we do on buy do we're down 4500 forty seven hundred dollars. I mean this isn't going to absolutely break us By by no stretch of the imagination, but it has a potential to you know We can lose easily about ten grand here on this one play. We will see again What happens tomorrow morning? We won't know until in the morning to see where it opens up This is the danger. This is the absolute danger of selling naked calls Per in particular naked calls just talking about naked calls naked puts are a big difference Because you can't actually cap off and naked calls actually it's in Infinite losses and so you're seeing it here first hand Good plays and terrible plays. This is the worst play. I've ever got myself into but still not absolutely catastrophic you certainly not enough to Break the bank so to speak so I will update you guys I'm gonna try to get some live video tomorrow of us actually trying to salvage this trade See how tomorrow goes. We're only halfway through the week You will not want to miss what happens with our position Don't forget to hit that subscribe button down below like and share my videos comment down below What you think? Do you think we're gonna get absolutely destroyed? Do you think we'll be able to come out of this alive comment down below your thoughts? See you guys here on the very next trading video. Hope you Traits you guys later