Why not, why not start a minute early, um amc coming back off of 29.40, currently trading just below 31., it's at 30.85 and then gme coming off of 150 460 running all the way up to 158.50, currently at 157.50, so uh, we are, i guess in the Afternoon session, seeing a little bit of a bounce, unfortunately we're seeing that bounce in robin hood as well, it hit 49. I thought right below 49 would have been kind of the start of d-day in state. Instead, it is it's at resistance right now it's at 51.40. It might break out and then run up to this next level.

Let me do a quick, quick check on the s p, 500 and let's also get iwm up there um. So a lot of this. The recovery is associated with the cover recovery in the market, really that we're seeing at large um, i mean the balance here. Let me get this all a little bit more size for you just so you can kind of see how everything's moving, not really in lock step, but everything started bouncing together around 11 40 today, like um right before noon, everything money started flowing back into the market.

I guess is the best way to uh really sum that one up, but that's what we're seeing across the board. So i'm kind of excited to see not only what two to three brings but then three to four power hour. A little bit of excitement there um overall uh just to give everyone who's like joining in right now, a bit of a heads up of what's going on uh, i think we should talk more about tiblio today. Go over some covered call stuff going over some credit spread stuff uh.

All that is a really really good information. No this morning i was talking about covered calls, and i got some dms about it. Of like hang on, you said, covered calls are awesome. Like can you explain a little bit more what it actually means, um so happy to do that very, very happy to do that uh.

We could also talk a little bit more about. I guess credit spreads if we're gon na bring up tibio uh so excited to go over all of that uh just in general, but welcome back welcome. Welcome, welcome! Welcome to the afternoon session. I did end up going to apple, but um no fun story.

I mean the guy i wasn't dealing with like a sales rep or anything like that. I was dealing with one of the like apple bar geniuses or whatever, and the guy was super nice and cool and super understanding. So i am one computer down right now: uh one computer down. I will, i don't know they say i'll get my next computer back on like saturday or something, but i don't know not gon na hold my breath on that one.

So, let's see how this one goes: um overall uh. I think this is good. Just so you know, pin to the top of chat right now. Is saint jude charity push it's the saint jude children's research hospital um.

I decided to take this super chat. Mat thing to the next level: uh we made some shirts on it uh. I should probably show them to you. Uh here are the shirts right now so 100 of the profit for these super chat.

Shirts is going to st jude's. It runs from right now, all the way until sunday, so i'm asking you um basically hold on. I would highly prefer that, instead of sending a super chat, you instead buy one of these shirts and i'll donate all prophets 100 of profits. Every single penny going to saint jude's and if you don't even want a shirt well, you could just donate directly.

If you go to saint jude's children, saint jude, general children's research hospital. That's a lot of words! The donate now is right there, so you could just donate directly, and one thing that i thought was going to be kind of interesting is maybe some people out there. You don't want to buy their shirt. Maybe that, like hang on, i want to help out, but maybe not the money if you sign up for public right now, up to 70 in free stock, a lot of people are getting somewhere in the realm of 10.

But if you just want to get the free money from public and then whatever your free money is and then take that and donate donate that to saint jude um. If, i'm being completely frank, i i don't care if the money comes through me uh, my entire goal right now. My life mission from this second until sunday is how much money can we re raise for this saint jude charity effort organization, drive whatever you want to call it um. I don't care.

If it comes through me. I have one other thing working in the back end. I just need to get some specific stuff figured out to really help with this effort, but to make it clear um. I i don't know how to be more clear right now, trying to get money for saint jude uh 100 of all.

These shirts there are here are the shirts uh super chat, and then you can see the moon gang one. So it's just like a little um. I guess emblem right here on the breast on the left: breast: there uh nothing going on the back of that shirt and then we have the crayon one because or crayon. If i, if you guys want me to say it that right, so we also just added some children sizes for it.

So there's four well, three options, really four options: um, all these going right to saint jude um and what i'm gon na do is at the end of every day, i'm gon na give you guys an update of where we're currently at so you guys can track It wednesday, thursday, friday saturday, sunday and then i'll, do like the final announcement on monday of how much we were able to raise for the effort uh. So i don't know i'm really excited about it. I mean, maybe that's why i didn't get into a fight with people at apple today, uh just because i've been zipping around with like the biggest smile on my face, i'm already seeing the numbers come in and folks i mean we've already easily easily cleared a thousand Dollars like we are absolutely cruising, and it's not even exclusively just from sales like that. Well, that is exclusively from sales, and that's not counting the other things that i have going on with this.

So like no matter what, no matter, what anyone's saying going on already raising money for an amazing cause, uh very happy, we'll circle back to this, probably around power hour of what's going on. But that's what's pinned to the chat of right now. If you want to check out the website public.com, if you're trying to get the free stock, no payment for order flow, free trading, it's for us citizen or you have to be in the us. I should say - and there are no options trading, but no payment for order flow and better than that, it is sending all of your orders to a lit exchange, which is why i'm happy to promote it.

But it's just public.com course and you'll find the sign up there um. So that's what's going on um, more of like things in the background of just apes actually helping out the world, which is exactly what we should be doing. In my opinion, um crypto still looking strong 46 500 aetherium, three thousand two hundred cardano uh, almost a dollar ninety looking for it to push two dollars and then doge really looking like it almost wants to make a new relative high above 28 cents. All right.

Let me get to some of these questions. I don't understand why shorts have to cover. I like amc, but don't understand that logic. Interesting short interest pay 1.75 annually uh, not really because that changes the cost to borrow is dynamic.

Uh we've previously seen the cost. To borrow, go all the way up to like 200 um, so it can find um. It can actually go way higher, it's dynamic, and on top of that, they're not like the way you and i don't want to hold our position forever. Well, neither do they uh, whether they're in profit or in a loss or whatever you want to call it.

They have to close that position. They have to utilize that capital, rather than it just sitting in amc, which really is just bouncing between what 30 and 35 dollars uh. There is a concept of really, i guess, capital deployment and like using it on the best things, but overall they can't hold it forever, because the they don't have an infinite amount of money. They're gon na have to continually pay a cost fee and, as the short interest goes higher and higher, the cost would be well.

I really should say, as utilization goes higher, the cost is going to go higher and higher i'll slap, an apple employee for a shirt, 6xl uh super chat, mat fun run to raise money for st jude. Also, can you look at vxrt seems to have an interesting or text data 3.82, dtc, 94 utilization, 31 on a free vote loan. Let me check that out all right, vxrt vxrt, we'll check that out in a second shout out to anthony um. Someone was telling me that there is a saint jude fun run in a 5k run, i believe in september, so in a month um, i'm not saying i'll necessarily be able to do it in uh going down.

So just so, you guys know st jude. It is located in memphis tennessee and then they obviously also have some. I guess, partnerships with other hospitals throughout the us, but that is their main location to my understanding um. So i don't know where the 5k is but i'll.

Happily, even if i run it by my loan some i will do it uh out of respect i'll. Do it here in um philly, because why not? Why not uh just seems like another good thing, but i'm excited, i think, we'll be able to raise some good money, and i don't know i i i think sometimes in the situations right now. Why not completely just take this stupid, trolling thing that people have been doing because, like i guess they don't understand, just the concept of doing this, giving free education and if people want a tip, i don't know. I don't really now that it's gotten to this level of what we're trying to do with it.

I i don't know if i really want to come down on like these ding-dongs who are speaking out against it um. So i don't know. I don't think i should really be doing that um, but hey um, we're doing something good. It's that simple we're making a measurable impact for positivity in regards to other persons questions.

Can you explain mark to market losses with shorts and i believe those are paid daily. Much more important than c t b moonshots. These are good questions here, i'm going to write them down uh just so i don't forget about it and then we'll circle back mark to market, and you want to know okay. It sounds like you just want to know about mark to market losses all right.

We can talk about that. There's not really too too much to dive in onto that one um, but uh yeah excited too. Oh, hang on! Actually i need to respond. I was trying to reach out to a team from saint jude uh uh for the kids.

Also, can we get 32.5 eod papa needs some lemon pepper attendees. Also. Can we have 97 utilization report? 9Am um? Their utilization is probably going sky high right now. It's probably going absolutely sky high.

This works there we go and the reason why i'm saying that is because the net borrow change has gone up by 2.72 million and the borrowed is 3.91 million um. So the short interest is up around 18.43. Let's call it 18.5. Obviously, the shares on loan gon na be cruising around 107 108 million utilization, probably you're, actually around that 96 to 97 mark uh.

I don't think that's out of the question for right now, lou becoming an astronaut hey. I appreciate you joining up. Matt took what a troll said then put it the thing down and flipped it and reversed it shout out shout out shout out shout out uh, i'm excited, let me know i'm kind of curious uh. Obviously i know if you're tuning in right now you're in amc and jimmy.

But for me i feel, like i've been learning so much about amc and jimmy, like i kind of want to stretch my own brain muscles uh, and i i'm interested in learning more about crypto in a comment. Could you share what crypto you're watching right now and which one you're most excited about because um? Whatever i see the most comments on, i want to dive into it myself and just learn a little bit um, i'm in bitcoin, ethereum, algorand, hex v chain doge! Those are the ones i'm in right now, but i want to know what the community is in, especially now that amc announced that they're going to be expecting accepting bitcoin. So i kind of want to learn more about bitcoin um. I do know a decent amount about that one, that's kind of obviously the og, but i just want to see where everyone else is at uh matt we're with you we'll clap back on your behalf.

You are stable. The community loves you, brother, you're, doing great and you're earlier shout out jesse. I appreciate that um, that's one of the things and i i know there's it's one of those things that, like the one percent of haters, are a very loud sad minority as if they have like nothing else to do with their life um. But it's very, and i know many many people are standing with me, but it's one of those things that it's, if necessary, it's easy to stand by yourself.

If you know you're standing for the right thing um. So for me. Obviously you, as a person, know your own intentions and everything every time. I've done this, what i've done with streaming.

I just want more people to know about the market. I want my dumb antics to make your day one percent better and now i know i'm in the complete right with the saint jude thing, because i'm raising money for a group of baby apes that really really need it um. So i'm happy to do it and, like i said eve if you know you're right, it's easy to stand by yourself, but what's cooler than that is i know this community there's thousands and thousands hundreds of thousands of people who are more than happy to stand behind Me so it makes it even easier because we all know we're doing the right thing and uh just spreading a little bit of love to some people who need it uh. If the s p gives a 10 return, surely a margin account or leveraging each year.

Your account could grow by 10 with small risk right, not necessarily small risk, because the uh - it's not ten percent, it's eight percent. Just if you guys want to know the specifics and that's over many years, that's the average return. There are years where the s p. 500 goes down and then, if you're leveraged you're going to lose even more money, so it's more of it's more of! Do you have the capital to withstand those drawdowns and hold it for the long term, are any of the shirts printed on the backside, not on those ones, not the limited edition ones that are going to be only sold all the way up until sunday, um? Not those, but there are other ones on the site that have prints on the back.

How do i get rid of fud uh like in your own, mind, fear, uncertainty and doubt i would say for you personally: it's just you have to do more dd and have more confidence in the trade for yourself if you're talking about other people's fun, just block Them do you know how easy like there's been times when i'm on social media between youtube and twitter, and i read something and i'm like: oh, is this: like am i interpreting it wrong? Is the tone wrong? Is it me and then i'm like? Ah, i should probably just block him to be safe. You know one of those things um. My twitter announcement about this charity drive for saint jude. It was so so easy to see the people in this world who have nothing in their heart, instantaneous, instantaneous block from so many people, tens of people who, like legitimately, like nah, we shouldn't donate money.

To this. I don't care, that's your opinion you don't have to, but you don't tell other people not to donate money to a literal hospital. That's for children's research. It was so easy to see the low lifes in that one i was so excited like the weight was off.

My shoulders blah blah blah blah blah. Oh man, it was it was such a cathodic relief of what was going on. I love it. I love it.

It was so so fun. I was sitting there. I was like ah um, and i also you know when i'm like, oh, like best of luck in the markets to those people to the group of people. If, if you're watching right now - and you recently realized that i blocked you, it's because it's something you said today that no human should ever have said, and i want you to know that i don't wish you the best of luck in the markets.

I actively wish against you in the markets um because you're there were some low life people out there uh. So no! No! No! No! You don't get my best wishes whatsoever. Uh crypto hollow hot ada, matic tools. So i'm hearing a lot more about matic aka polygon, a lot of people talking about that, and i saw a lot of messages about it too.

I feel like i need to look into this polygon thing. Um, definitely, j message retracted! Shout out! Man hang on. Let me um, no, please stop telling me omniello matt also, did you get my last mention about discord dm in regards to the minecraft server fuzzy g? I have not yesterday it um, i i knew i wanted this. The shirt thing running today and uh shout out to austin who helped me a graphic designer uh.

We were up into the wee hours of the morning. Getting everything set up that we needed to so in all reality. I just didn't have time for much else. Last night um, so i'm hoping to catch up on some stuff, but in all reality it might be just as a busy of a night today, happy birthday ordered t-shirts.

This morning shout out shout out. Oh brother, oh brother, i mean honest to me. It's so easy! You just go with public, you get some free money from public and you just run it and um. I just okay.

I guess here's how i look at it um and there's not many people in here right now, there's 7. 000. So i want this to be a like, i guess, a secret among us um. So here's how it works, and i i guess i don't know the best way to like articulate this, and i don't want any 7 100 of you to tell someone else this.

I really don't. Obviously my plan is wednesday, thursday friday. All this super chat money being donated like to me, i'm going to donate to saint jude's um. Obviously what yeah? Of course, i am duh.

The reason i haven't said that is because i don't want people to necessarily do that for st jude's, because youtube say takes such a big cut youtube. The way you can do the fundraising stuff in the back end, where they don't take the cut. It's a pain in the ass, so i didn't want here being like hey all the money you get it because it's it's cutting out money from them and my goal right now is to give the most money to saint jude. So that's why i'm not being public of it.

But yes, of course, i'm giving all the money today tomorrow and friday, all of it's going to st jude's, but i'm not really being loud about that and trying to put that out there because of youtube's cut. So yeah we're giving most of the money to st jews, but then also youtube's getting a cut when, instead, a hundred percent could be going to st jews. So that's like more of just like a weird back end thing, but i just that's between us and i'll. Make the announcement on sunday monday, when it's all done, that, like hey here's all the super chat money going straight to st jude's, but i just want you to know.

If you give me five dollars, that doesn't mean saint jews is getting five dollars, be st jude's. Getting five dollars because of the youtube cut, so it's more of like a pain in the ass thing in the back end, just so, everyone knows um, but yeah, obviously like clearly that's what i'm gon na do and honestly, i'm gon na go bigger than that. Folks, like obviously i'm going bigger than that uh, so i just wanted to let you know what's going on baby doge billionaire coin is small cap gainer um, so when i hear about like, like all the other random spin-offs at doge, my question is: is for those To explode, you need a lot of people involved in it. What is so much better about these other spin-offs that you're going to attract the doge community when the doge community itself is already so strong? So for me i i don't.

I don't see how another meme coin another mean crypto is gon na, do better than doge itself, but maybe i'm completely underestimating it. Uh uh message retracted. I, like the mystery pirates. What a great account um is ctb dynamic for existing short positions.

Yes, for most brokerages, it is uh, for example, if i borrow 0.75 uh backwards yeah, so that will be dynamic. It's not like you lock it in uh. To my understanding, it's very much dynamic on, like whatever the current cost to borrow, is here's my numbers. Thank you.

Tax uh currently hold btc eth juni bch xlm, adam xtz, comp dash safe moon, drng man. I also mind healing josh, you have a ton, you have a ton, i need so the one i have circled and starred right now is matic slash polygon uh. That's the one i think i want to like look into next. Oh, i also own solana, solano solana, one of the was sally sally, something shout out.

Fuzzy g hang on. Let me do this hang on. Are you on the stream now so mod? You all right? Dot and ada 88 you're missing out, i mean i'm in 88 and i love it ada. The all-time high is around 240 246.

Something like that. My average on ada is what i've been in ada for, like i don't know, maybe like six months or something um. Maybe less, how do you see your own average folks? How do i see my position? My biggest issue with cardano is. I just wish i owned more, so i'm in cardano at a dollar, forty six.

Actually, that's a very bad fill, but hey at least i'm green. Now at least i'm green and i think it's gon na keep running, keep running higher and higher and higher. If one fund has heavily shorted aims in another is heavily long to get out of covering. Can they merge, i i suppose so and then they would go back to net neutral, but still you'd have to do the mechanism of that one would have to sell to the other buyer like you would still have to see the execution of the trade go through.

Um, what's a matt, what are the average days on hold for shorts on amc? I'll, tell you right now. I believe it's around 42, but hang on i'll i'll. Let it load oh jump again: uh the borrowed shares up to 4 million now or almost 4 million. It is at 41.77 days so 42 days appreciate everything you do ps.

You have a fake insta account that has three x more followers than you, matt underscore core uh jessica jones. I appreciate that yeah. Someone else brought that to my attention. There is a fake instagram account, that's uh, apparently 3x larger than me.

I am matt underscore coors uh. So not only would i appreciate you reporting that account, but if you want to help me grow bigger than that account, if you have an instagram, if you want to follow it, matt underscore coors um with an s, but the spelling is right above the saint jude Thing like right above my head there, that is twitter, twitch, instagram, onlyfans and myspace matt underscore cores question for you matt what would happen if pinocchio said my nose is about to grow. My nose is about to grow well. So if he isn't, oh, i don't know.

He'd, probably just explode, i would assume like his just body - would completely spontaneously combust, oh and then someone else was asking for the average hold time on gamestop. We could do that as well. The average shares on loan for gamestop is 27.4 27.4. All right all right.

So now, let's do a a quick, quick, quick, quick teaching lesson of the day. So recently i invested into roblox, and i think this is a good opportunity to teach you about. What's referred to as covered calls, selling calls against your position and i'll use it with the options chain right here, so roblox, it's a company that i am bullish on it trades under rblx. So let me tell you what a covered call is when it comes to the options world you have calls, you have puts, you can buy them and you can sell them so with two different options.

You have two different options, as in calls and put you have four different options as in things that you could do one of the most popular and conservative and it's very much thought to be a monthly income strategy. You can sell calls against your core position and that's referred to as a covered call. So basically on the left. Here you have your calls on the left side.

You have calls on the right side. You have puts the top left and the bottom right are in the money. The top right and the bottom left are out of the money, and that's because calls are, if you buy a call, you're betting on it, going up. If you buy a put you're betting on it going down, so what happens when you're selling a call, especially when you're selling a call against a position you already have so for every a call itself, whether uh or an option itself a call or put represents a Hundred shares it's gon na give you the leverage, as if you have a hundred shares, so when you're selling it especially a covered call for every single 100 shares that you own, you can sell one call and when you sell it, you come here and like you Literally, create the position by hitting sell so, for example, if by august 13th aka this friday.

If i don't think that roblox rblx is going to be above 87, i could sell one call and i'd probably get roughly somewhere between 77 and 72 dollars. This is the premium right here and because it's leveraged by a rate of 101, it's not 77 cents. It's gon na be 77.72, remember to multiply the premium aka the cost by a hundred dollars. So let's say i take that bet.

I'm like okay! I really like my position, but i don't think it'll be above 87 by this friday, so for every 100 shares i could sell one call and this like let's say you enter that trade you're going to be credited that amount because you sold it. So it's actually going to be a negative position and every day that passes you're going to get closer and closer to zero. So, let's run through the scenarios of what could happen if you get to august 13th and you hit expiration and you're below 87 you're a-okay, you keep the money. Your p l goes up.

You keep all your shares and you're good to go. You just made a profitable trade um because when you're selling a call you want it to stay below that strike price. So obviously right now rblx it's trading at 84.. So if you sold a call at 80 well, you can make 400, but that's already in the money as in you're above it, you actually want it to go below it.

For you to not lose your shares, and that brings me to my next scenario. So, let's go back to this example of you, sell it at 87 and at this point at 87, if friday comes and something happens and the stock spikes - and it goes above it - you are risking. Actually, if the person you sold the call to they can exercise the shares and you have to give them those shares, so you're not going to lose money, you keep the premium, no matter. What once you sell it? The premium is yours, but you might lose your shares so, for example, roblox.

It could run all the way up to whatever - let's say, let's say, 90.. Your worst case scenario is that you get the profit in your stock ownership. All the way up to 87. On top of that, you also get right here, the the premium, but you will miss out on the profit from whatever the current price is all the way back down to the strike price plus that premium.

So, overall, if i had to sum it up, you can sell a call referred to as a covered call. You could sell one for every 100 stocks you own of that particular stock 100 shares per that stock, you're betting on it. Whatever date, as you go farther out, they're going to get more and more valuable, you can sell it and you'll keep that money as long as it does not like expire as in that's when the option ends above that price and all the premium is yours. If it for some reason, you get the call wrong and it goes above it, and i know that's not you - we only make perfect trades and we never ever lose anything, but for the other person that maybe you're trying to explain this to if it does go Above it, you keep the premium, but if they choose to exercise on the contract, you're going to lose your shares now if it starts to trend up and that in this scenario, that would make this more and more valuable.

If you want, since you sold the calls, you could just buy them back if you're like no hang on, i don't want to get rid of my shares or you could let it run and then, if you think there's going to be, i guess a dip. You could always buy the shares back then, but those are some possible outcomes, but the name of the game is picking a price that you don't think it's going to be above by a certain date and you're going to sell those you're going to keep the premium And ideally, you keep all your shares for me in my retirement account. I absolutely love engaging in covered calls. I do it about like i look at the monthlies every month, i'm like okay i'll, be happy with this, and some people get really technical with it.

They're, like hang on this is this two standard deviation move, so i think i have a very good statistical chance of not hitting it so i'll sell those premiums get the money and if, at first it's a little bit boring because you're only going to get a Little bit of money, so, for example, if you own 200 shares of amc right now, that's going to be quite a bit of money, and if you sell only two call contracts against it, which would be the max you could sell against it. You're getting a hundred and fifty bucks so proportionately, it's not that exciting, because that is your max profit. So you're not ever saying. Oh, i made like a thousand percent gain or ten thousand percent gain, but it's one of those things that if you do it time and time and time again, it's gon na add up it's very much um.

Instead of hitting a home run grand slam once in a while you're very consistently hitting a first base run, i would say that's the best way to think of a covered call so for any stock out there. As long as you own, a hunt at least 100 shares of it, and as long as it has a built out options market, you can pick a date. You can pick a strike price and just develop your own methodology. There are very different and also equivalently valid options for picking okay.

What expiration date do i want what strike price and that's more of like you have to dive into it, and i should probably make more of an update video on some of that methodology. But for this i just want you to feel more comfortable with what a covered call is. Basically, it's consistent small income adds up over time. You sell one call for every 100 shares you own of a specific stock and you're basically saying i don't think it will go above that value by the expiration date.

All right, let me know um. If you have any questions on covered calls. Let me know uh and like we could go over it, but it's a good strategy so like for me. Actually i don't know if i sold any roblox calls.

Maybe i should do that right now, hang on so actually here. Let's do it i'll. Do one live because i don't think i sold um, so let's look at it this friday, so right now, rblx i'll. Just do that example right there um! So for me, hang on.

I need to apparently log in doesn't like my password. So what i will do is for some of my position. Uh, like i said i do have a pretty uh decent sized investment in it. Let me just go to the options, so what i'll do is for august 13th, this friday, i will use that exact example.

So it's trading and hang on. Let me just show you rblx. Let me look at its the chart, so i feel pretty good about this, not being above 88 by this friday and if it starts to trend up that way. Okay, that'll suck and i'll i'll end up buying back the call for a small loss, but just to kind of illustrate my point here.

We have this the call all right and you sell the call to be very, very clear. So let me double check my expiration. All right we did that we did that and remember you can only do one for every 100 shares that you own - and i don't know for the point of this here. I'll just do a portion of it, for i guess educational purposes: only um did it get filled yeah.

So i picked the 88s for this friday and i sold two covered calls. So if it and i got filled, i think uh hang on what did i get filled at 50? 54.. So, basically, as long as i get to friday this friday at 4 p.m and rblx, which i own and i'm long on as long as it doesn't exceed 88 i'll get a hundred and eight dollars extra into my account. And then, if i want, i could use that premium and buy another share of roblox or i could buy three shares of amc overall i just want.

I know a lot of people are talking about stock and using this it's very useful, to learn about. What's going on in the options market, for various reasons, it can make you very consistent income on a monthly basis. It could help you hedge, a position if you follow the flow of it. That's what people like uh unusual whales are about that twitter account, which i do love um.

You can see where big money's going, what big money is or isn't doing, there's various ways you could possibly use it to make more money um. So if and i'm not saying, everyone should trade options, but i'm saying if you're going to engage in the stock market, you should at least learn the terminology. Learn what's going on about it, uh just because it can help. You inform like inform you and help you make better trading decisions.

To put it simply, when is the adam aaron interview uh? I have no clue actually uh. We need to support and subscribe chance, the rapper after promoting apes. So we encourage other celebrities to join ape nation thanks for your work, matt shout out, they haven't covered. Yet i completely agree: what's a good strike to get into amc that out of the money calls also, can you do a video explaining iv crush intrinsic and extrinsic to go other videos? I can make that video for right now.

I do not own amc calls. I'm just not really seeing the environment, i'm not seeing a solid trend and the volatility is still low. I want to the ideal time to buy calls or puts is right when the volatility starts to take back off, because volatility is one of the key pricing mechanisms of an options contract. So you want to get it in low volatility.

The second, before the volatility explodes and right now, i'm seeing just too much of a sideways grind on amc. So i'm waiting for the trend to pick back up covered calls when you just did your roblox example. What happens to your shares? Do they put a block on them, so you can't sell so gary that is going to be brokerage specific, but most of them, yes, will do that because other than that you're that, if you don't have the underlying shares, then that's called a naked covered call and In the stock market, naked just means you don't have the underlying asset, so a naked short means you never borrow chairs. A naked cover call means you don't under own the underlying stock.

A naked put means you don't have the enough capital in your account in the world of stocks and stock trading. Naked basically just means you either don't have the goods or you don't have the cash. You don't have something that you're supposed to have, and i i think, depending on your um brokerage and your level of options trading, some of them. Let you do these naked positions, other ones don't but a lot of them.

Don't you have to have a very high clearance of options, training because you could be become a big risk to your brokerage. If you blow up the position, matt youtube is completely hiding you and other amc streams now having to search you by name every time uh. I mean it sucks yeah i mean i even see it. I know my numbers are lower.

Maybe, who knows maybe youtube just doesn't like when you're raising money for st jude children's research hospital, but i don't know the only thing i could say and like it see, the issue is: when you talk to youtube. They say sorry, basically they're like oh. No! No! That's not happening. They disagree that they've ever shadow banned anyone or anything like that.

They even disagree that they unsubscribe people, but how many people in chat right now have been unsubscribed from my channel without you doing it like they're, literally, accusing it as if, like your girlfriend, got on your computer and like unsubscribed from me, like hundreds of people, i'm Like i don't think that that's happened um, so i know what happens i don't know really how to fight back. Besides the fact, that's why i'm starting to get for safety purposes on other platforms? Uh, for example, that's exactly why i am on you know. Why is this not working? That's exactly why i'm on rumble uh. So if you don't have a rumble account, i would recommend making one it's completely free, it's a new competitor to youtube and i'm actually multi-streaming it to it like this exact.

Second, i'm streaming to youtube and i'm streaming to rumble. I would also like to stream simultaneously to twitch, but i don't think that people um, i think that people like at twitch don't really like when you do that so i'll have to figure that out a little bit more specifically but yeah. So if you're on rumble don't forget to subscribe, if you're on youtube and you want to be subscribed, you might want to double check that you're actually subscribed and there's also a bell icon. You can click on that and switch your subscriptions to always.

So you should get notified whenever i'm doing anything i say should because you should but uh. I say that term very, very lightly, very lightly. How do you close the cover you just let it expired yeah. So that's how you get most of your money, but you could also buy it back.

So, for example, let's say you sell it at 80 cents, which is 80 bucks, you're going to be credited 80 and as time goes on, it's going to be negative. So it's gon na trend up to zero from a negative number. In this case negative point: eight, let's say you get up to negative point: four. You would be in profit by forty bucks and you would buy it back uh you would they gave you eighty.

You would buy back for forty, your net profitable buy forty. If you don't want to hold it all the way until expiration, but most of the time i just hold my until expiration, most profits were made. Selling cash secured puts um. I i 100 believe that the dirty little secret that wall street doesn't really tell you about the options.

World is 90 to 95 percent of all premium call and puts expires completely worthless, so it is very statistically advantageous for you to be the one who is selling premium selling calls selling puts the odds, are 100 in your favor um. So right there uh grafted investor. Your friend, most of their profits, went from selling puts and the fact that you're saying cash occurred just make sure that means it's not naked, so a call when you're selling it you need have the the shares in your account when you're doing with puts when you're Selling puts you're supposed to have the cash in your account, so that's what you mean by cash secured, so it's not selling naked puts you're selling puts um that's what the cash secured means, but it's not people it. People don't get excited about it, because you're never going to have a massive gain.

Instead, you're going to have a lot of little gains time and time again, trust me um the best traders out there who have done it with their career. It's not exciting. You're gon na end up finding a methodology that is net profitable and then you're gon na. Do that time and time again to the point that you know it like the back of your hand and you're like okay, i'm doing this again, um good traders, at least the good traders that i've met well.

First of all, like i guess, their emotional state is pretty questionable, because you can see the swing of six seven figures and they feel absolutely nothing. Um, that's a whole different story um, but in general you're they're, not there. It's not like an exciting day day in and day out. What's this doing, what's this doing? No, it's actually kind of boring.

They just sit there and they've already figured out something that works, and then they just do that for weeks months and years and for you i know a lot of you right now are tuning in for amc and jimmy and that's great. I am diamond handing these until the day i die, but there's still other things to talk about in the market. I want more people to know about covered calls. I want more people to know about credit spreads.

I want more people to know about naked but, like i want everyone to learn more about this stuff, because not only do i want you to like laugh at like my jokes one day where you're like hang on, like that guy made me laugh, maybe i will Go to his texas roadhouse with riley reed and give him a bit of money to buy some ribs and those great buns, but to be able to pay your texas roadhouse bill. I want to help you make money not only in amc and gme, but i want to help and just teach on these other things of covered calls like right now. I know so many people who have a sizable amc position. They sell covered, calls against it, and then they use that money, and since this has been going on for so long, they've been able to double and triple up their amc position because of the money coming in through covered calls.

The name of the game, specifically with amc and jimmy's yes to make money, also to send a message to wall street and fight for market transparency and kind of equal out the playing field, that's clearly tilted, but for these other stocks, when i'm talking about krypto, when I'm talking about options when i'm talking about futures all those other ones. The name of the game is obviously to make money folks it is to make as much money as we possibly can. So, if there's not really much going on well, obviously i'm going to teach these other things so at the bare minimum, you at least feel a little bit more confident in your stock market, knowledge of terminology. So the next time you're talking about stocks and you're at a texas roadhouse, sharing a rack of ribs with like that hottie at the end of the bar and she's bringing up covered calls at least you're gon na know what she's talking about.

That's it! That's i just don't want you to feel like out of the loop when you're talking about covered calls at a texas roadhouse. I just want you to be like, oh, i know it all. We need to know about covered calls uh just do it matt. There's a lot of money to be made in options.

We can chew, gum and walk at the same time if you lose some kids, so what you will gain more look at the wrench model. Oh, i 100 agree. Hence, why i'm doing that, like i'm, i'm more than happy to talk about futures, crypto options um? I guess i really don't feel like i've been shying away from that. What are your thoughts on sprt? The short interest seems very high to me with upcoming merger with greenage.

I feel like it's. A strong play. Option shares thanks, so i actually i'm in sprt and i do have um some calls not for august 20, but for the september monthlies. So i'm betting on it.

I think i have the nine dollar calls for september, so more of a medium term play uh and it's also not a sizable position. For my account i would say it's like a smaller medium position. I have a large position on roblox. I have a large position: uh betting against robinhood.

I have a gigantic position on amc, gme um, i'm trying to think of some other things right now actively. In my account, i can't believe i got out of these virgin galactic. I i owned virgin galactic puts and i cut him when it broke above 34 and if i just held it, i would be up so much money right now, but hey that's how it happens. Uh, do i need to be in the green on all my lots to effectively do covered calls i'm profitable on half of my amc shares and down.

No, no, no uh, lil lil will 15. um. That's a great question. You do not have to be in profit or lot, it doesn't matter.

You just have to own the shares to do a covered call. It doesn't matter if you're up or down. In fact, if i'm down, i like doing it even more because it helps bring up. My p l on the overall stock, then, if i'm making money on the covered calls, but you do not have to be it doesn't matter if you're in the green or the red to do covered calls you just have to own the shares the underlying asset, uh Vegas yeah confusing me too uh.

Look at mvst, it's prime, to run mvst mvst, so not much on the intraday with it. I would want to see a good green day that comes back around to the region of 14, because right now it might end up doing a gap fill first. So if you're in mvst, i would recommend caution. If you've been watching mvst, i would highly recommend being patient because you might be able to get a fill around 10.50.

I do agree that mvst could make a move um, i'm just saying right now. I would like to see a little bit of strength out of it speaking of robin hood, which i'm betting against. What is it at? Oh man, this, the bulgarian boy saved himself. It was about to break down.

Look at this double bottom. We had it was about to push and it cracked through and then it got recovered so like a fake out breakdown because from that i'd be watching the high 45s. But i suppose it lives to fight another day and that's going to happen in the stock market. Look at ortex on mvst, okay, vortex, nope, wrong website or text or text.

Mvst mvst has a short interest of what not announced, but okay hang on. We know the estimated short interest is 5.91 million, and what is its float? Oh, we don't know so, there's not much info on it, because i think it is that spac deal um. I don't know where short interest is that uh or text doesn't have that info up, says n slash a n amc is looking good, though we're coming back up that level. We were talking about 3110 to 3130.

I would love to see it get back above that uh matt coors is everything: okay with you, trey keenan, uh short, the vix, tmi, etc, etc, etc. Uh i mean i, i think so uh i was just talking to trey like an hour ago. I think why did did you guys hear something i haven't heard? I feel like. Sometimes you guys have something happens when i'm streaming, so i don't get the news and then you guys ask me about it, even though it was news that just came out um, i think i think everything's, okay uh, i'm saying that very gingerly, but i i mean I spoke to trey like an hour ago, and everything was fine at that moment in time.

In regards to buying so calls back, i thought the buyer had the power. Why would they sell it back to you as it makes them profit if they lose brambles, because it's your net position you're, not necessarily buying the exact call you sold back you're buying a different call, so it's more of you're going net neutral? It's not the exact one that you saw and or bold. What are your thoughts on xrp? I believe if the lawsuit goes in its favor, it will do exceedingly well and from what i've heard about the lawsuit it should do well, but obviously i'm not a lawyer when i go to sell a covered call on weeble. What's the reason for buying power used um, so matt's left sweaty sock.

I think that's a more of how you're entering it. So what you want to do is just go fi as if not even through the stock. Just go find the stock, not the stock that you own just find the stock, go to options and just go to a call and try to sell it and remember you can sell one for every 100 shares you own. Don't do it through the interface where you already own the stock um like just go as if you were looking up the stock, switch it over to options and then from there uh do a call option and then just pick to sell it um on stv's channel.

They had a chat yesterday with all of them, maybe get in contact with him tonight. So you can join next time. Yeah i mean i'm not against it. I was just doing things like uh.

It's not like this. The saint jude thing came out of nowhere like this stuff takes time. I i wish i had more free time, i'm not against it. I mean one of these days.

If i'm free, i have no issue with joining same with all the space calls on twitter. I join that stuff when i can but um it's one of these things that i i'm roughly working about 14 hours a day and i've been doing so uh. It's probably dropped to 12. Now so for the first six months of the year, i was definitely working.

14 to 16 hours a day now i probably work about 12 hours a day by the time you like eat and once in a while i'll try to go for a run to clear my head by the time you do that it's just really time to shower And go to bed like i there's not it's not like i'm having much free time where i just like, go and watch like netflix or doing any of those other things. I don't really have much of a life at the moment outside of actively streaming or researching or talking to charities or doing all this like. It truly is like i, i start working around 7 30 in the morning and i usually stop working and i mean that lightly around like 8 p.m, and then maybe i'll go for a run, but even that, like then you're responding to dms like there's. There's always something to do uh wait.

You mean to tell me you: don't live stream from inside each other's pockets? What's going on burns uh matt, can you explain when it's a good time to exercise deep in the money call option? When does it make sense to forego the premium to your teaching? So if you actively want to exercise it, it doesn't much matter because you're going to get the stock at whatever the strike price is so, for example, let's say you had amc from way long ago and it was at a 15 strike and right now we're at 31, there's not going to be any difference for you if you exercise it at 31, 40, 45, because you're getting a fill at 15.. Whenever you exercise a deep in the money, call, remember you don't get the fill at the current strike price or at the current stock price you get the fill at the current at the strike price you bought it at. So if you know you're going to exercise it it does it doesn't matter, because your profit is not in the option. The profit is once you exercise it.

Your strike price, the difference between that and the current price of the stock, but it looks like amc, is on the move, move move right now i like it, i like it, i like it, i like it, i like it. I like it. I like it. I, like it a lot, did this go through? What are my positions? It's just is telling me that my fingerprint is no longer my fingerprint, which is a little bit frustrating a little bit frustrating.

We are looking kind of a weird ui setup. We have going on sweet. I stole your fingerprints, justin moore, get great buns. Riley matic is great.

I got it on the dip at 80 cents. They have big news with hop protocol sanxar us. I might have to ask you more about this. Matic thing you guys are fine people spreading fun because you were not on the group live last with them, oh of course, they're spreading fun.

Folks i mean i have like i'm working. I don't. I don't know i after streaming for hours a day um. So, basically i'll stream for two hours i talk to the people in discord, then i stream for two more hours, i'm not like too eager to hop right back on camera.

You know like i do like attempting to eat more than a protein bar like i was like, oh, like maybe y'all, maybe i'll eat two protein bars. That's what you got to do with your free time made some stupid easy money on hood puts today. Thanks matt. I i'm proud of you but hey.

That's your trade! I'm happy you crushed it uh. When i try selling covered calls on weeble, it says, buy, sell direction, is multi-leg option order. It's opposite long short position in your position to avoid strategy being interrupted.