So so so i was feeling oddly patriotic today, so i took a page out of mr president joe biden's book and i decided to be late because what's the point in believing in the linear nature of time when i guess you could just always be late. So, just just fulfilling on my patriotic duty, i'm also just in one of those moods. I'm excited, i think we're going to play a lot of games of wow. That was wrong.

That was wrong. That take was wrong. This take was wrong. That take was wrong.

I'm excited - and this is what happens when you get into a friday afternoon - type of a mood after you've had one of those weeks, uh right here, everyone, everyone, all big tech, everyone's calling me up. You have google calling me up youtube. Calling me up. You have microsoft, apple they're, like matt.

You can't make that your thumbnail. You cannot depict yourself as a gerber baby. Why not stop me? It's fancy shirt friday. You don't tell me what to do mom.

I do what i want and, as you can see, this will forever be my thumbnail. You can't stop me, you can't stop me and you all. Co also cannot stop jim cramer from being wrong. Didi getting absolutely destroyed.

You know, what's funny about. Dede is right: when it came out our boy, jim kramer, said you got ta buy it. I love dd, we're talking like july. Really it was actually june, buy it buy it, buy it buy it.

If you don't know what dd is it's the uber equivalent over there in china and ever like he's, actually never been right, maybe day one, he was a little bit right, but then day two to three, it didn't matter. He was always 100 wrong on this play, which is fascinating, like usually at a certain point. If you make a prediction: you're like okay, like let's just wait, yeah, i was a little bit right. You could have captured your gains, but in reality he was 100 wrong.

It's kind of reminding me of how everyone's telling you to buy facebook right now you got to buy facebook. This is a great the lower. It goes. You got to buy more, you just got to buy it uh, and that was after, like i'm not even gon na, be mean and do the percentage drop from like where we were before, but even from here 250 down to 188, getting crushed getting crushed, and it's Just a lot of mainstream media that is wrong, wrong, wrong, wrong, wrong, wrong, go and what is so exciting is i have another one for all of you, that's going to play out in real time in about 10 minutes or vodka drinking bible, loving patriotic gasparino will Be on fox at 3, 45 and he's going to be teaching us a thing or two about payment for order flow.

Germany came out against banning it, allegedly i don't know he said breaking and how can you ever trust his like own he's his own source he's like i heard it on my twitter, so it has to be true uh, so we're going to be going over that And we're just really going to be piling into the effect of really just how wrong can people be um right now? I just want to give you a quick update. The amazon right here. Oh hang on, i need to log back in this. I just wanted to say you are welcome, or i wanted to congratulate everyone who went with me on the amazon call credit spread.

I placed this today apparently four hours ago. Each spread each spread will give you a hundred and twelve dollars. I took multiple spreads myself, but this is about to print big in 25 minutes as long as it stays below 2995 112 per spread, you actually i'm curious, uh and once again, that's all in locals. How many of you in here took that trade did any of you, because if not you missed out on a free 112 man, i mean that was i'm gon na buy some cheez-its this weekend.

You know what i might even buy some sangria yeah. I might even take my completely real girlfriend to wendy's. Why not on me on me: i'm excited uh. I still have the spy puts.

I still have the iwm put. So let me give you a quick update on that. The spy puts are up 2.28. The iwm puts are, unfortunately, down 27, but in reality the spy play is exponentially larger than my russell play, so actually, between those two, it's they're actually kind of break.

Even the two percent gain in my spy is equivalent to the 27 loss in the russell play. Uh, the amazon, as of now i have captured 98.66 of the total maximum uh profit. I can get so we're almost at that 100 mark uso, the oil play i am currently getting beat up on, but i think oil continues to go we're hanging out at 109. I'm waiting for the weekend the situation, as you might imagine, uh over in ukraine right now, is obviously deteriorating.

Hey, there's some people who took amazon. Well, there you go. There's your 100 bucks! There's your hundred bucks um. Welcome to the amazon party muln at 1250 picked up out of nowhere.

Remember i have no muln position whatsoever. I just want to make that very, very clear uh, but if you're in it you're looking at some nice gains today, 27, how many of you still are in mul and thoughts on reports that nuclear emergency will happen in chernobyl and there are fires now, starting and Exclusion zone is being evacuated of personnel uh. I didn't see it are you am i rolling my place? They don't expire today. My uso expires in april, so i have about four or five weeks and then the spy and the russell they expire next friday.

So i still have a full week: uh. Okay, so i see a lot of people in mulan, crushing it right now facebook continuing to go down, that's just brutal. Why did i not sell facebook calls that's what i'm gon na do next week next week? The call credit spread - let's just sell like facebook 195's, and make some nice money uh. I'm gon na i'm gon na do something like that man.

I hate myself for stopping out of my spy puts earlier. Hey i mean if it is your trading plan. That's your trading plan. You got ta, stick to your plan.

Uh don't beat yourself up because for all you know what, if it continued to go the opposite way, you'd be like oh good thing. I sucked in my plan. Don't be one of these people who's like a hindsight bias like backseat driver type of a deal. If you had a plan and you stuck to your plan, that was a good trade, don't define a good trade on making or losing money a good trade is.

Did you stick to your plan or not? I've had very good trades where i've lost money and i've had very bad trades where i've made money. Uh good is not defined by your profit. It's did. You have a plan, a well-defined plan that you executed upon, don't beat yourself up on that hang on.

I don't want to miss the gasparino thing. I think we have about five minutes they're telling about light bridge right now, whatever in the world that is but uh all right. I have this up over here we're going to be ready for it. Oh wait.

I want to look into this chernobyl thing. Walter bloomberg, where are you, mr walter bloomberg? U.S stocks fall. Pentagon is turning to a special team to respond to increased demand for new weapon salesman, requests to transfer existing weapons among us allies as countries including ukraine, scrambled to obtain arms following russia's invasion, three people familiar with the efforts said leaders of russia and belarus agreed. Russia will supply modern military equipment to belarus.

U.S state department says russia. Sending volunteers from countries like syria to fight in ukraine would represent further escalation. No sherlock, russia forces shelling ukrainian port oil futures uh, extend gains. U.S oil won't ramp up without biden's support ukraine's zero progress in talks with russia, thursday, which this is interesting, and this is a little bit of a surprise and a little bit of a whoa matt told us so remember this morning, when we were told that, according To putin they made some meaningful progress in certain subcategories, and then ukraine is saying no zero progress was made that pump this morning that started at 6am, and you saw it right when the market opened was such an obvious load of bs and i'm not honestly that Mad because it led to the birth of gap daddy and that's something that i just don't want to change for a while.

I was rocking with matt super chat cores and we can put him down because we are picking up the mantle of gap, daddy gap daddy and it all happened, because putin is a crazy guy. Uh president biden said russia would pay a severe price if it used chemical weapons. We talked about that also one thing, as i'm waiting for gasparino to talk. So, yes, president joe biden did speak earlier today.

Fortunately, he only answered one question, and that was his response to what happens if they use chemical warfare and he said there will be a severe - i guess, reaction on our part, but overall we hit them with more sanctions. Mainly, we are banning the import of russian seafood diamonds and vodka uh. We are taking them off pntr, so they are no longer a most favored nation in terms of trading, we're hitting them with more uh oligarch restrictions, sanctions like kind of hunting down these oligarchs and from a financial standpoint, and also we are stopping the export from the U.S of luxury goods, now, after that, he was doing another thing where he was talking about how inflation that we're seeing remember. Yesterday, it came out that the current consumer price index is 7.9, we're seeing a four decade.

High level of inflation he's like have no stake about it. Have no stake. Have no mistake about it. Now, i'm sounding like biden, it is putin's fault.

I just want to give you a little bit of a fact check. In february late february, the president of russia, vladimir putin, made the decision to invade the independent and sovereign nation of ukraine. 7.9. That's what just came out that happened two weeks ago.

Are we really gon na say three weeks ago that this entire run-up inflation was because of putin? Don't get me wrong? I don't like the guy. I think what he's doing shows that he's a horrendous piece of like i'm, not saying that, but i'm saying to be like. Oh there's this, he was yelling at americans he's like you're gon na think that this is americans. Overspent like us, as in like the government overspending, this is not because of how our government's doing this is because of booing.

No, it's not it's because over the past two years, like a drunken sailor, we've just been like copying and printing all of our digital usd print print print print print, we're the ones who have been making our own usd like inflated. That's what happens when you print trillions and trillions and trillions of dollars out of thin air? It's not because this country was invaded. Did that help the situation? No, but that happened within the past two to three weeks and inflation has been ripping ever since july. Of 2020, like this is that's, that's a fact.

So a little bit of gaslight, going on not only from putin but also from the fed and also from our president, we're just being gaslit all around. So if you feel like you're going a little bit crazy, just understand that! Well, maybe you are, but also you shouldn't feel that crazy all right, we are waiting. I am waiting at i'm chomping at the bit to understand what gasparino did i make this up. I thought gasparino was talking gasparino, my buddy wait.

Where is he? I should have worn my 354 shirt breaking uh. When is this one uh documents show why germany decided not to ban payment for order flow. Did he literally just give us his own c file? He just this is what a boomer he just gave us the path on his own computer. All right anyway, discussing at 3 45 breaking germany has come out against.

Banning for payment for overflow proposal would lead to blah blah blah blah blah blah delegation eu discussing at 3 45.. I have it up here and unless i don't know how to tell time anymore, which is a very, very, very valid argument, let me reload the page. Click it this is so boomer boomer alert. Oh uh, is this gon na play now i can't even watch fox.

That's so funny just copied his own path, hey, you can't win them all uh the spy, continuing down all right. It's just playing commercials right now, but i'm ready to go only pay for what you need all right. I am ready to go whenever they start playing. I know you can't hear the audio yet, but i will i'm on the button.

I'm ready for it. Uh everyone's late today, um, oh, while we're waiting for gasparino to get rocking folks, i started a tick tock find me on tiktok. I don't know what it is it's at matt kors. All one word find me: there's like four videos up there.

The most i don't know it's just it's a guy that looks like me, there's a lot of fake accounts. People made fake accounts about me before i was even on tick tock, which is not cool, so it also inherently means that my account, the real account is the fake one um. How do i see my name? It is at matt coors, all one word, no caps and i only have 280 followers, so i'm the baby one um someone said spy calls. I don't feel good about that.

I have spy, puts personally do what you want. I hope well in this case. I hope i make money, but you got to do your own thing. I am those spy puts that we got yesterday of 7.22 and the iwm ones now we're only down 23.

A little bit ago we were down 35-ish um and now the gains on the spy. In terms of like we look at that trade as like one trade, iwm and spy, because it's both puts kind of directional puts we're in the positive uh. How is the small cap sector doing? I need this down like sub 190 uh mu1, really picking up amazon we're gon na print on that credit spread play d-wack will expire worthless. That was a very small play.

It does expire next week. So maybe there's going to be some big announcement and truth. Social will explode so maybe i'll hold on to it, but i'm down like 95 uh. The play that i'm currently worried about is my oil play.

I have calls on oil, but i have an excessive amount of time. It expires in april april april april, so it's the april monthly. So i have quite a bit of time, but still it's just not trending right now, any more whale activity, tesla call call call call nvidia, put tesla put tesla more tesla calls. Tesla puts no market ones right now, really filtered did i turn my etfs off or something i don't think so.

Uh, i'm not seeing like spy or q stuff right now, which i find to be odd, probably just like a friday type of a deal. A little bit of a mixed bag, uh actually premium 60 a little bit in terms of the magnitude of the premium. A little bit more bearish, leaning today, amazon mixed bag 1.4 mil call on chtr. That was a big one: 1.4 mil the spy continuing down xrp the crypto popping look at that.

Look at that couple of cents that equals three and a third percent following a key ruling in the landmark crypto case between the securities and exchange commission and ripple joining us now with the latest is charlie, gasparino. Okay, so i i i believe i've got my hands around this. You know some of this stuff gets a little technical, but as part of the case, so sec sues ripples, saying that use xrp as a security and it should have registered it. Thus, therefore, it's not a currency yeah and therefore no no exchange will take it.

You can't, you know, your value. Value goes down dramatically and uh, but ripple has said that the sec did this out of the blue and they filed a motion to have the um. The case dismissed because the sec didn't give it fair warning that um that xrp was considered a security. Okay, bear with me here the sec filed a motion to get that part that motion dismissed.

The judge said no. That motion could stay. He still has to rule on the motion of fair notice that whether or not ripple uh was given fair notice. Now, if the sec loses the note the motion, and then it obviously did today on the loses, the motion to get it thrown out, it has to lose the motion to if it loses the motion that it did not give fair notice.

This case probably is over and that's why you see it there's a greater likelihood. This case could get thrown out based on this ruling and that's what you're seeing right now, i'm not saying it will i'm just saying when you unpack all this. The motion to get this case dismissed filed by ripple, is the way i understand it, because the sec didn't give it fair notice. While he was issuing that xrp that it was an illegal issuance of that xrp sale of that xrp.

I should say that can stay and there is still a chance. The judge can rule in ripple's favor saying that uscc screwed up by not giving it fair notice. This case is out, you know, ripple wins. I mean that's what that's the bet you're seeing now.

That's. Why it's popping, and and by the way, bitcoin is down two point six now this is this. You've got ethereum down here is down, but xrp is moving on this. Now here's the thing we just get we got a couple of things here: ripple tells fox business.

They believe the motion will lead to all sec claims, ultimately being dismissed, um. Well, that could be wishful thinking, but i get it i get it. I mean it's kind of what i'm telling you uh. We have john deaton one of the uh private securities lawyers.

That is aiding ripple in the in the um in the case, because he's an xrp, holder, uh, it's pretty, you know john, doesn't bulls almost said he doesn't bs. Okay, he calls it kind of straight uh as big a win as this is for ripple. It's even a bigger loss for the sec. I think it kind of is because the judge is saying there's some reasonable grounds that you didn't give them a fair notice, so we're going to keep it in there and i'll decide on it.

So just keep in mind, i i don't tell people to buy anything based on this, but net net, it's a good ruling for the xrp holders and for ripples. So just keep that in mind. Uh, let's go to pivot a little bit to payment for orderful. Do you know john stewart's involved with like this controversy involving payment before he did, did a youtube, video or something about how bad it is yeah the comic now we should point out that jon stewart's brother, who is a lovely guy.

His name is larry leibowitz. No i'm waiting, i used to work at the new york stock exchange. He was one of the fathers of payment for overflow, so for john stewart to attack payment for earth will flow. His brother was one of the guys that helped push it and what is it? The payment for overflow is just a broker, essentially selling its order flow to a third party, to match the buyers and sellers okay.

Some people broker gets paid, gets paid by the middleman no by by the person selling it there's no middle right. Yes right, except that it is controversial. Some people say it's controversial, there's never been a case brought against it. Gary gensler keeps talking about that.

It's a bad thing, but he doesn't prove it. Uh retail trading has never been more efficient and cheaper. Okay, just throw that out. There, germany today came out against a ban on payment for order flow, key big economy out of traders, robin hood um.

We should take a look at robin. I don't know if this this story is just starting to make the rounds. People are getting the paperwork. I i do have the paperwork that matter schwab.

Okay, we can. We can work together, um if you get schwab or robin hood up. That would be nice, but if you don't i'll talk through this um and by the way, i don't know if it would show the immediate impact now this uh this. This thing is just starting to make the rounds the the document from the german delegation of the european union, which said, and by the way it cited several reasons.

This is the germans and they're, usually pretty conservative. It could be bad for retail. Investors will not benefit from lower commissions right, well, zero commissions, a lot of these companies just throw that out there amc. Thank you charlie.

Yes, marina. We are coming right back. Uh markets are very close to the new session. I love fridays, oh man, that is that's fascinating.

That is fascinating, oh charlie, why do i even focus on making content when he could just make content for me? Let's talk about a couple things. I myself am a big crypto enthusiast that is he's not wrong on the ripple thing. That's actually a big win in the world of ripple. So if you are in ripple, if you're a crypto enthusiast, that's kind of a big thing of this might get thrown out and that's gon na change.

The lessen the risk profile of things being deemed as security, which would really mess things up and permeate throughout the crypto world. So i want to talk about riptil xrp, just very quickly. That's a good thing. Tldr version about he's not really wrong there.

Now, let's talk about payment for order flow, germany, i guess i don't know, i didn't see the source because the source was his own local file on twitter, he's like here's my source and he copied his own local path from his c drive. So i don't even know if i could really talk about it, because his source was just a pathway on his own c drive. I didn't see anything i like. I tried to search for the news and i couldn't find what germany did or didn't say, but for the point of this discussion, let's i guess take what he said as being accurate and let's say germany is against it.

Once again, i couldn't find that breaking news. Um but man, oh man, he just like without, like i guess, just picking on him being a deplorable human being. Let's just focus on some of the facts that what did he say: uh the jon stewart thing: okay, uh, he did a youtube thing: okay, dude! You wish you were jon stewart you are the like you're, the equivalent of what's on the bottom of john stewart, show it wasn't a youtube thing. He ran.

One of the most successful night shows ever and now has a hyper successful show on apple tv that garners millions of views. Don't just say: oh some youtube thing. Dude, you haven't produced a single piece of content that is better than his worst piece of content. Out of the gate, let's run some facts: oh the comic jon stewart.

No, he puts what's going on in the world through comedic lens, so people listen to it because he understands how to connect with people. That's why he's so much more popular than you? It's a technique, don't be a dumbass. Does his brother brother, his brother is in wall street? Is he what did he say like uh like someone who, like created payment for order, flow or something like that? No, he didn't. He worked in wall street yeah, but bernie madoff was one of the original architects and then it was furthered by market makers such as citadel securities, ken griffin and virtu doug sifu.

If you look up john stewart's brother you're not going to find any connection with the creation of payment for order flow, he is connection to the new york stock exchange, not a market maker. So, let's just set something straight and then another thing he was saying is that a lot of people have just been producing reasons of just saying it's bad. There are academic papers breaking this down. We know it is widening.

The bid ask spread. We know that there are currently brokers where you can do commissionless trading without payment for order flow. That's exactly why i'm partnered up with public, because it's the only one that does it like that, this, it's so many intellectually there's two options: either he's legitimately stupid and doesn't look into it or he fully understands. What's going on and he's intentionally being, intellectually dishonest.

The way he paints the situation is very very wrong, and this is why you have legitimate intellectual titans such as jon stewart and dave lauer coming out and saying something about it. This isn't just a retail thing: retail is behind them, because we have a feeling of who to trust and who's right and we're supporting these people, who literally have spent their entire careers both in academia and also in the private sector, related to washi. Breaking this down and saying yes, this does increase the fragility of the market. There are conflicts of interest.

It's one of these situations where either gasparino is right or dave. Lauer jon stewart, even gary gensler's comments. What i i think, i know who i'm going to be siding with in this particular showdown, and i guess you could pick your side, but i think, if you're watching this you're kind of here saying okay, this guy, this is purely a ploy for him. He tweets it out because he gets people like me to click on it because he likes raising my blood pressure and it's keeping him relevant.

There's no accuracy in this. This is not breaking news or explaining the way the world works to the public. It's not some. I guess greater devotion of time to help the people out.

This is not an altruistic. I want the truth out there type of an argument. This is a i want to be on people's minds, so i'm going to do this and say that, and do this just to piss people off to invoke some sort of negative emotional response. That's all this is it's wild.

If someone like me, who's been studying this for maybe a year now at 27, can outwit him and explain the situation without even just like these random ad hominem, like attacks like just truly say, hey man you're wrong because of this this and this factually imagine what Would happen if you talk to someone like dave, lauer, jon, stewart, jon, stewart's brother, gary gensler, it's embarrassing! It's truly truly embarrassing! Ding-Ding-Ding-Ding! The casino is closed. Folks. That is it for the day that is it for the week tgif. I hope you made some money this week.

Excuse me, i still have my iwm and spy puts the spy puts are up 13 and the iwm puts are down 27, but because of the sizing of the bets, the spy like it's a net profitable between those two. I'm getting a little beat up by oil, but that's why i have time. Those amazon call spreads that i called out this morning to all of you. Each one of those did successfully make a hundred and twelve dollars.

So if you took one of those hey uh, your your friday night party is paid off uh. So congratulations if you did that, if you haven't already, if you want to become a better trader, improve your skills and have better data sets and all that check out. What's pinned to the top of chat, i'm talking about true trading group, it's a three dollar week-long trial. You don't have to pay for the whole thing.

Do it for a week, see if you like it. I think it's very very beneficial, also a friendly reminder to all of you uh. I just made a tick tock get on there if you prefer tick tock, because if you don't want a multi-hour explanation of why you should be diamond handing or fighting for market transparency and fairness - hey, let's see if i can break it down to little 15. Second segments for you to keep everyone's uh attention these days, because i guess that's the world this.

The way this world is all going overall. I truly truly truly appreciate your time seriously, even for every single one of you, even if you spent a second with me um, it means more to me than i could possibly articulate. I would i hope you had a great week. I hope you're about to have an even better weekend.

I will be posting some vod content, some streams this weekend i'll be around doing my thing but hey. I hope you find the opportunity to get some rest. Relaxation hang out with some friends and family and do whatever you want to, but yes, i will be back streaming once again, normal schedule on monday, but hey if you get bored and you want to hang out i'll, also be doing stuff this weekend overall. Thank you.

Thank you thank you and, as you know, from chair and myself best of luck in the markets, i'll catch you later, you.