2023 05 23 07 23 2023 SmarterTrading411 com s Morning CALL Back to 7 25AM CST
Introduction
In this section, the speaker introduces the topic of the video and provides an overview of the market.
Market Overview
- The speaker discusses how stocks can go up or down and mentions news coming on debt.
- They reflect on a stunning week last week with 1800 contracts of matter all different strikes.
- The speaker emphasizes that it's important not to go crazy in a fun market.
Learning from Failure
In this section, the speaker talks about learning from failure and taking profits faster.
Taking Profits Faster
- The speaker reflects on how Meta failed last week after five minutes.
- They emphasize that when something fails always, you have to take profits faster.
- The speaker explains how they sold their Meta positions at three because they bought them at 150, making it a double.
- They also discuss selling other positions for profit and banking over $70k.
Trading Tesla
In this section, the speaker discusses trading Tesla and taking advantage of price movements.
Trading Tesla
- The speaker talks about holding onto Tesla positions throughout the day while it fluctuates between $1-$1.10.
- They mention selling their Tesla position at the end of the day when it pops up in price.
- The speaker explains why they sell when a stock is moving on instead of waiting for more gains.
- They discuss rolling profits into new positions and banking $1500 while moving onto new opportunities.
Premium Hints
In this section, the speaker gives hints about premiums but does not provide direct information due to copycats.
Premium Hints
- The speaker mentions giving hints about premiums but not providing direct information due to copycats.
- They criticize other traders who don't understand basic trading concepts and terms.
- The speaker mentions Tesla's closing price of 189 and provides a hint about it.
Market Analysis
In this section, the speaker discusses the current state of the market and provides insights into potential movements.
SPX and AI
- The market closed at 90 cents yesterday, indicating a potential movement.
- The speaker mentions that AI is moving today and wonders if it will squeeze.
- If SPX goes up by 10 points, options prices could double.
Why Buy SPX?
- The speaker asks why he bought SPX and explains that it's not about the debt deal or anything else.
- He believes that if the market isn't going down hard, it may just pop back to even.
- Buying puts for today means guessing on a collapse, while buying based on staying even five points either way is less risky.
Earnings Reports
In this section, the speaker discusses upcoming earnings reports for various companies.
Nvidia Earnings
- Nvidia earnings are coming up soon.
- The speaker clarifies that he never said they were going to split but notes that being aware of what can happen can help with decision-making.
Pan W Earnings
- Pan W has earnings today.
- Z-scaler guided higher recently and is expected to do well unless Pan W guides down.
UPSD Loans
- UPSD did $32 billion worth of loans in the last seven and a half to eight years.
CEO's Loan Decision
The CEO's decision to keep a low-interest loan caused the stock to drop, but the company sold $4 billion worth of loans in one day, which could lead to high earnings next quarter.
CEO's Loan Decision
- The stock dropped because the CEO decided to keep a low-interest loan instead of selling it.
- The company sold $4 billion worth of loans in one day, which is more than they did in eight years.
- If another company announces that they will sell $10 billion worth of loans this year and the stock goes up, it could reach $100.
Trading Based on Numbers
Sam trades based on numbers rather than personal opinions or preferences.
Trading Based on Numbers
- Sam doesn't care about personal opinions or preferences when trading; he only cares about what he sees and the numbers.
- Netflix's current number is 372. It needs to reach 383 to potentially reach 400.
- MDD may go up to 332 and then have a date with 350 After Earth.
- If there is a debt deal win, Tesla may take out 191 in the first five minutes and go up to 193.