Foreign Foreign it's to the Moon YOLO No no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no Foreign live show. Well, feels like we're gonna have quite the day. doesn't it Team? doesn't It team just lost my subscription. Oh brother I don't know what you lost your subscription to, but I hope you're able to get it back uh in a very quick amount of time to whatever it was, is it to your Yacht Club Your boat club? Uh I don't know what it was, but uh folks, we're gonna have quite the crazy day ahead of us.

So let me just give you a little bit of a sense of the flavors of the the meal. We're about to be consuming. A little bit of some rate hikes today, a little bit of bank failures, a little bit of meme coins exploding and getting rugged, a little bit of Ukraine apparently bombing the Kremlin a little bit of earnings reports, a little bit of just generic political discontent. Uh, we're all over.

We're all over today. Team: Uh, there will be a double stream today. Double stream. Double stream.

Double stream. We're streaming now as you can tell. Uh, yeah, if you believe in that type of reality. And then we're also streaming a little bit later on today for the Ethelmc results and obviously Jerome Powell the Chairman of the Fed's discussion afterwards.

So we're going to be streaming until about 11 A.M Today and then we're going to be streaming again at about 145 1 50 p.m ET today. So double stream day So obviously buckle up, attach your socks securely because we don't want to be knocking those off and it's going to be a crazy one. I Hope you're ready for some insane volatility in the market because this isn't going to be uh, a com Day by any means. So we're going to be going over the jobs report I'll let you know what to expect from the Fomc meeting.

We'll get into the craziness that is Ukraine and Russia and all that Insanity which is only going to make things even more volatile. today. we have to talk about IEP and Pac West the two stocks that I bought a pretty sizable put position on yesterday. On one side, you have a Regional Bank pack West which I like and I don't think it should collapse.

So I did the opposite of what I think and I bought puts instead because I basically noticed that my thesis with FRC was perfectly inverted. So I just did that with Pacwest making my money back there. and then yesterday Hindenburg Research came out with a short report on IEP which is Carl Icahn's company. The stock got absolutely obliterated yesterday.

Now it seems like I mean there's blood in the water and I think things could get even worse. So we're going to be getting into that and then just we'll get into some seasonality. We'll get into some relationship advice. I'm almost finally catching up on succession.

I'm like two or three episodes behind I've been trying to rip through all of it, so we might one of these days might be able to talk about succession. Uh, I Got picked to go to an early screening of Avengers Guardians or not, Avengers excuse me Guardians of the Galaxy So I'm stoked for that tonight. That has nothing to do with you guys I Just want to let you know what's going on in my life that that's light. That's my life of being here in Manhattan sometimes I get picked to go see movies and shows early.

Uh, so I'm pretty stoked about that. I'm a big big fan specifically of the Guardians like that sub aspect of Marvel I Really like the Guardians cast crew writing the comedy. a big fan of that bragging of course I'm bragging of course I am. Dude, Do you know how many negative things I have to put up with on a day-to-day basis? Of course I'm going to focus on the good that's just called mental health of course I am uh, got a nose from broker I can close my FRC puts Yes I believe.

Starting today, it's going to trade on the OTC market. FRC Is it B Uh FRC is trading and it will trade I Think it's Frcb? Yes, maybe maybe Yeah, the ticker is the Frcb. Uh. currently trading at 40 cents.

So if you have the stock FRC it is now Frcb. If you have uh, the anything related to options instead of FRC options, you have Now Frcb options. So you're going to want to get the hell out if you were doing something here. this especially if you bought puts.

Don't let these things keep. It's trading at 39 cents. Uh, it is time for you to go do what you need to do there. but it is trading on the OTC market.

Um uh, are you going to sell your Frcb shares? I probably should. If I do it, it's midday. I mean I'm only apparently saving myself like a couple cents here like I don't know if this will recovery? Uh man. I That play is so frustrating to me because it was a legitimately good bank and I stand by that.

My research stands by that. uh, anyone who's used First Republic stands by that. It's just got absolutely annihilated here. so we could get a little bit into that.

Yes, FRC it'll probably be in your account as of today. as Frcb not even trading on the normal Market anymore. It's now trading on the OTC market so we could pay attention to that. Lots to get into, Lots of to get into, lots to get into.

but I hope everyone had a great day yesterday. I hope you made some money. If not, there's always today. I Hope you hung out with friends family I Hope you had a good day, hope you caught some good TV I Hope you hit the gym I Hope you did whatever I Just hope you had a good one.

Now before we get into everything, shout out to today's stream sponsor which is me pinned to the top of chat. in the description the video is the Locals Community This is the Goonie Community This is the Moon game Community It is free. There is a premium option. You can get the premium option for free by putting in the code Goonie Uh, it's kind of a message thing we could do live streams there.

We can do newsletters there. we do a lot there so just you. might as well sign up for at minimum the free version or at least the premium version for free by just putting in the code goonie. So everyone, if you're watching this right now, check it out.

It's Macquares.locals.com It is pinned to the top of chat. it is in the description of the video if you're on. Rumble Rumble Owns locals. There's already a giant red button so I would kindly ask all of you to sign up.

It is free. You're not gonna have to spend any money. Do the free version, the premium version for free if you want and put in the code Goonies That's how you get it for free. uh or if you want to show support.

It does mean a lot to me. I appreciate it. So I'll just let you guys know all about that. And with all that being said, let's see what's going on today.

Let's see what's going on today. Uh, let me show you a little bit. So IEP dropped 20 yesterday. Uh, dropped another three percent as of now in pre-market trading.

We do have about 22 minutes though, so I'm still enjoying my put position there I had 20 and I covered four to cover my cost basis. So on my IEP position, there's no way I lose money on the play in pack West I have 22 puts that as of yesterday's close were up 189 I haven't closed anything there so my initial premium is still currently at risk. especially Pacwest. We're to explode today, but I don't think that will be happening.

Uh, what else do we have going on CVS Reported this morning. Uh, technically it beat, but then its future guidance wasn't so good. so we'll be talking about that and then also I Want to talk a little bit about the overall? Market because yes, Fomc today. but we did get a jobs report this morning.

So as you can tell, there's a lot to get into. and before we get into it, folks, destroy the like button. Just kill it. Murder.

Walk up to it, snap its neck and let it crumble to the ground. That's what I expect you all to be doing to the like. Button on both YouTube and on Rumble helps out. The rumble leaderboard helps out with the algorithm on YouTube And obviously, if you enjoy talking about stocks options Futures Crypto breaking news relationship advice Texas Roadhouse this is the place for you to be.

So hit the Subscribe button. Stock futures rise slightly as investors wait Fed rate decision. Everyone's going to be waiting around today until the results at 2 pm. And more importantly, what the FED does or doesn't say at 2 30..

we're in this weird hold stall pattern until the afternoon. We get this basically once it happens eight times a year, that's how many Fomc meetings there are and the morning session I would be very hesitant to create any sizable position that I'm not closing out before the Fomc meeting because whatever's going on I mean like we just get a lot of Randomness But as you can see the Dow, the S P, and the Nasdaq all pretty much flat oil taking a big hit because of probably what's going on in Russia we will be diving into that for those of you who don't know. As of now, it is being reported that Ukraine through drones attacked the Kremlin late last night early this morning. So yeah, we'll be getting into that obviously.

Fomc meeting today 2 P.m Jerome Powell The Chairman of the FED speaking at 2 30 and we already got the ADP employment report so we'll be going over that as well. Uh, here is the results from the ADP job employment. Kind of good to get this since we don't have Friday's number yet. It's time for that data.

Steve Leesman has it. What is it? see? 296 000 Joe A big beat to the upside. The market was looking for just a hundred and thirty three thousand, the good sector adding a strong 67 000 service sector powering in with 229 000 and this is quite above the forecast of 180 000 for both government and private sector of course. Uh, uh, ADP doing just private payrolls And before we go to the next screen, guys: I Just want to give you a little background here: ADP has been uh Missing the uh BLS report by about a hundred thousand since it revised uh, how it does it in August Um, and it's been generally light, so that's interesting I Don't know if they're playing catch up here or whether or not this boat's an even bigger number here, but 296 is the number and we did it with small business doing 121 000 medium-sized business 122 large business.

They have not been hiring quite as much. Uh, in recent months up forty seven thousand by industry. Well, this is the trend we've seen Leisure and Hospitality 154 000 Education Health Services 69 Again, construction A bit of a surprise. Maybe that some of the warmer weather we've had and then we have had layoffs in the financial.

Activity Center 28 000 manufacturing down 38 000. Uh, some good news for the FED here. At least when it comes to wage growth. then the ADP does have very strong, robust data on wage growth up 6.7 percent.

that's one of the lower numbers we've seen in the past year and job Changers up 13.2 percent. It's not a full percentage point from last month. One more thing I Want to show you guys because we have been following Ukg's high frequency data. They say this month saw a moderate surprise as Workforce activity nearly fully recovered from the steeper declines of March.

So Joe something to talk about there in terms of still strong job growth. I Thought there might be a bigger decline in the Joltz data we got yesterday was down to nine five from Nine Nine, but not as big a job as we saw in the prior month. So sounds like the jobs Market is still pretty strong. It is pretty strong.

Brother: uh, what was that is my algorithm trading? It is what just happened. Uh, I guess I am now long on the N cues on the NASDAQ that was that old brother. Here's what to expect from today's Federal Reserve announcement. So couple Market events going on in terms of the overall situation.

We got that ADP report higher than expected 130 came in at 290. obviously stronger than expected. Today, it's all about what Jerome Powell says. You can see right here.

there's roughly an 85 percent chance, so it's pretty much locked in that we are going to get a 25 bips rate hike today at 2 p.m That is expected. That's not going to surprise anyone. What is really going to be moving the markets dramatically to the upside or dramatically to the downside is going to be what is said. Obviously in the report of any indication of are we getting another 25 bips right hike next time around in June mid-june I believe it's the 14th or are they just gonna chill.

And also what about ending commentary of ideas and when we're going to cut rates? No. I don't think they're going to like. Let the cat out of the bag out of that one. but that's what people are going to be listening for.

Markets have pricing a near 100 probability that the FED will approve a quarter percentage Point increase at the conclusion Wednesday of its two-day meeting. So 2 p.m today, it's probably going to be 25 bips 0.25 Where the entry comes is how the Central Bank proceeds from here. Economic and market cross currents will lead the FED to Signal a policy pivot this week while the market is anticipating a dovish Fed Uh, incline to Halt rate hikes and start cutting later this year. Stubbornly high prices could change that I Don't think they're going to be cutting this year if they do cut this year.

it's probably because things are going to be pretty bad if they cut this year. In my humble opinion, it will not just because of normal cyclical monetary policy decisions, it will probably because things are going to be bad and they need to like take their throat off the economy. That's my opinion. That's how I currently see the situation I Don't know if we're going to get rate Cuts this year.

if we do, it would probably be at like the very final one, but we'll see how things progress. Obviously, there's a lot of game to be played between now and the end of the year, so this is all going down today. This will prompt massive, massive, massive volatility in the market on top of the other things that have already been prompting massive volatility such as Banks collapsing such as maybe are we on the edge of World War III Craziness, craziness, craziness and I Have to admit, it kind of does all make it fun for us to hang out in here. I Love seeing all the action.

This is what Lisman has to say about the Fomc and honestly when it comes to leaseman and the FED stuff I like it because like he's there, he talks to him like he is a pretty informed guy. Uh uh I just I I Don't want it to seem like I'm cheating on Rick is what I'm trying to say I love Rick Rick's my favorite but when it comes to Fomc stuff, Leesman is pretty informed. The FED expected to hike for the 10th straight time amid unusual and strong opposition to this move from former Fed officials, fed observers and palpable concerning markets over the health of regional Banks former Fed former Boston Fed president Eric Rosenberg Telling us yesterday on Squawk Box It's not necessary at this point to be raising rates until we get a better view of what the second half of the year looks like. Rosengrid pointed to current stress in the banking system and future concerns about credit losses from commercial office space loans.

Former Dallas Fed president Robert Kaplan Telling Evercore Isi quote I would actually not raise rates in this meeting I wouldn't have raised rates in March either I'd say the following: We're going to turn over a couple more cars on this banking situation to make sure we understand the impacts of it. The FED hike over five percent for the first time since March meeting said quote Given their assessment of the potential economic effects of the recent banking sector developments, the staff's projection at the time of the March meeting included a mild recession starting later this year. 100 of those surveyed in the Cmdc FED survey think the Fed's going to hike, but 59 saying the FED should not do it because of problems in the banking sector. If that were not enough, Regional Banks Dodged down eight percent since JP Morgan's purchase of the failed First Republic raised questions about the underlying value of mid-sized Banks they're down 33 percent in February Applause I Let him finish.

Where is everyone's mind? Do you think that more banks are going to get crushed? I Asked this question in my update video yesterday which none of you watched. by the way, am I pissed off I'm not even gonna hide it Yes I am mad and I am disappointed. but none of you watch my update video yesterday and that was the main question that was. The main question was are more Banks going to collapse and I wasn't asking it to just drum up like engagement I was asking because I have puts and I need to know what to do with my puts? Yeah, yeah, yeah, here you are I watch should I watch You didn't watch it, you didn't watch it.

Don't give me that Now would buy some time for bags back together and it would keep the situation from getting worse. It would likely have little impact on inflation immediately, because at least take time to filter into the economy. Fed would still be reducing its balance sheet. It could always hike later if needed.

Major downside of a pause. It would suggest the FED sees the situation as worse than the markets believe. except wait, the markets think it's pretty bad already. Put it all together and there's a good case for the FED to pause I even think there's a chance they do it though.

a hike and a pause is more likely. perhaps. Guys with some descents today. Andrew ooh Some descents that would be fun.

Uh, all the previous ones have been unanimous, so it'll be interesting to see which way it does or doesn't go. A side note that doesn't really relate to anything going on in terms of the market, the economy, politics, any of that. Why does it seem like Steve Liiesman like benches 315. he just has like this very built frame like I Would in no way be surprised if Liseman's like putting up 315 for four reps like on his chest day.

Something about it, someone's saying my mic sensitivity's too low testing testing testing testing is this better? Did I like break people's ears? Is this better? We jacked it up just a little bit, gave me a couple more decibels. Um. but anyway, does anyone else get the vibe that Lee's been like really puts in work on chest day? Really like He seems to me like a guy who throws up 315 four times like when he's really going for it. Uh, just want to throw that out there just in case ever the news is breaking.

you'll be like yeah I know Matt called that out Anyway, other reports we got mortgage demand drops as bank failures hit jumbo loan rates. the average contract interest rate for a 30-year fixed rate mortgages with conforming loan balances below 700 or 726k decreased to 6.5 from 6.55 Mortgage applications to purchase homes dropped two percent last week. compared to the previous week. The spread between conforming and Jumbo mortgage rates narrowed once again, so the magnitude of what we're seeing in real estate is still elevated, but the trend is obviously downward.

On top of all this, we are still in earnings season. The major one that reported this morning was CVS They beat on earnings right here. uh, 220 versus 209 and 85.29 billion versus 80.81 billion. They did pretty good like they beat on top and bottom lines, but if you look at CVS right now and it is down in pre-market and it's because of the future guidance CVS Lowered its 2023 adjusted earnings guidance to a range of 850 to 870, which is 20 cents lower than its previous projection.

so that's why CVS is down right now. So even though it beat in the previous quarter, people aren't so happy with where they think that they're going to be going. With all that being said, you need to know that the main one of this week comes out tomorrow right here top right of your screen. Apple Apple The thing that hit Newton in the head and made him a genius after the market closes on Thursday Apple's reporting similar to all the other Mega Cap I Guess tech stocks that have been reporting I fully expect Apple to be I fully expect Apple to beat because in reality it's these Mega Tech Capstock Omega Cap Tech stocks that have been really keeping the market up as everything else seemingly is driving it down.

Understand Google was good. Meta was good uh and video was actually pretty well I mean Nvidia's been crazy crazy strong I know AMD numbers weren't that good last night we could jump into Amy a little bit where we could even have it up at Market open, but aim the under some pressure dragging the semiconductors down with it if Apple's at some for whatever reason a massive Miss we're gonna be in trouble. but I Also, don't expect that to happen on top of it, yeah, we could check out Shopify we could check out Block Coinbase DraftKings lift They all come out tomorrow after the market closes before the Market opens tomorrow. I am personally paying attention to Modern just because I see the CEO selling a lot of her stock and I kind of find that interesting that she's pulling the rip cord before their earnings.

so feel free to screenshot this. Feel free to just check it out at Ewhispers on Twitter Kremlin says it was attacked by two drones last night. allegedly Putin is safe. Well, I don't know about you guys, but how's the the smell of World War Three in the morning with your cup of coffee? Wild news.

Absolutely wild news. So here's some video footage of the oh, allegedly what's going on? Uh, but you could see some smoke over there of what's going on. a wild trugly truly wild. Uh, just anything to throw a little gasoline out of the fire to make everything in the world the geopolitical situation the World economic situation that much more tense.

So there we go. Uh, we have some other information obviously. let me make this a little bit bigger so you folks can read it. Kremlin says it was attacked by two drones last night Putin is allegedly safe.

Uh, the Kremlin said we considered it a planned terrorist attack. We consider it an attempt on Putin's life Kremlin Russian Defenses disabled the drones Putin not injured in attempted attack. No material damage to buildings from debris. We consider it a planned terrorist attack.

Uh, yeah. so things are getting a little bit more tense and by a little bit more tense I mean a lot, a bit more tense. Um, so that's another thing we should all be considering. Uh, in all the insanity of the world speaking.

oop. Speaking of insanity and everything going on, Wall Street is betting the Regional Bank crisis isn't over and a lot of people are talking about pack West and Western Alliance And really the overall Regional Banking ETF Kre bouncing a little bit this morning, but as you can see Regional banking has been getting its throat absolutely slit. Actually now gapping down a little. not gapping down but slightly red.

Based on yesterday's close kre, this is the ETF for regional Banks Personally I do have puts on Pac West Oh P-a-c-w-p-a-c-w worked out pretty well I'm personally going to be watching what's happening at Five Dollars. the low from Monday March 13th that's what I'm watching I'm watching five bucks it's currently trading at 6 36. that's my current put position I also have uh IEP the fact that it closed below 44 is why I kept my position I'm looking to take a little bit more of my profits off the table at this I believe all-time low of thirty four dollars and then from there I'm just gonna let the rest ride and see how crazy things can really get if we get to that level. But right now the pain of the banking sector is clearly not over.

I Cannot stress that enough. Wild thing I found out about First Republic Bank Billionaire Mark Zuckerberg is giving a new meaning to the term one percent. The Facebook founder refinanced in almost six million dollar mortgage on his Palo Alto home with a 30-year adjustable rate loan starting at 1.05 that's from First Republic Isn't it wild that the rich get the better deals like we live almost in this inverse world where if you were Rich you get free stuff or things a massive discount? A 1.05 loan on a 6 million mortgage? this I mean like six million dollars was by no means first. Republic's like overall issue here: I just when I saw that I I Just thought it was interesting because we really kind of do live in the upside down world where rich people.

This is how they become richer. You get better dealers, you get stuff for free, You get better connections one percent one percent. That's just like it's so far below. uh.

rates are based off a risk. It's not fair, but it makes sense. Yeah, but not this low like this is. Uh I guess you would Define it as a sweetheart deal like I get he's not of risk, but still I mean no one's getting one percent.

You could be the most credit worthy person out there in amazing. A perfect credit score blah blah blah. We're not gonna get one percent? No way. No way.

No way. Uh. adjustable rate? Well, no, it'll go up if he defaults. but I don't think the Zuckerberg is going to be defaulting a little bit later.

I do want to get more into this IEP thing. Uh, just because as I was alluding to a bit ago when there's blood in the water I think the sharks are going to start circling around and I think the major shark here is going to be Bill Ackman They very much have a history. They don't like each other. They've attacked each other in the past and in the past.

Carl Icahn This old geezer has come out on top and I think Bill Ackman this is my own tinfoil hat. Theory I think Bill Ackman is looking for his opportunity to get a couple Billy back from this guy. So I want to be going into that story, but we'll do that aftermarket opens. Five things to know before the Bell goes.

Dignity ding ding ding today. Is this it? Basically, we've gotten over all this Fomc meeting today: Chaos on the geopolitical scale, chaos, and the banking sector, which is their second thing. Allegedly, there's a lot of things to be paying attention to do. Um, markets to Market to Ford tough hang on.

Yesterday, the four numbers were actually pretty good. um down ever so slightly this morning so we could talk about Fort A bit later China comes alive for Starbucks and PC paying for AMD Yeah, AMD is getting slaughtered right now AMD closed at 89.91 currently trading at 83.49 AMD down seven percent in pre-market and it's actually dragging the rest of the semiconductor World down with it. Uh, you have Nvidia down 1.3 percent Micron down point nine percent I think Intel was the only one that was up. Yeah, Intel is up 2.86 Uh, so some craziness right there with AMD I Know there's a lot of AMD supporters in here, so I just wanted to share that with you a little bit later.

I Just wanted to share something with the Tim Dillon podcast, but we can Circle back to that after that Bell goes dingy ding ding ding. As you can see, we have about one minute into the Bell opens which means I need you guys to tell me which are the major things you want to watch today? What's on your mind? What's on your mind? What's on your mind? What stocks are you paying attention to? What questions you have? Do you have stock questions? Crypto questions? options? questions? Uh. I'll do my best to answer what I know about and if not, I'll just tell you that I don't know. but what are the major things you want to watch? What do you want up on this screen? What's on your mind? Don't forget.

I will be streaming later today at 1 45 PM ET We get the results at 2 p.m 2 p.m or when the results come out and then Jerome Powell the chairman of the FED will be speaking at 2 30. if you're watching this right now, just know I will be streaming later on today at 1 45. It doesn't matter what YouTube does or doesn't tell you I know Rumble people will be getting the alert but sometimes on YouTube the alerts just simply do not come out. I will be streaming, just search my name.

I'll be up somewhere. Uh, what in the hell is Frcb? That is the new ticker for FRC It's the new ticker for FRC on the OTC market on the OTC market. ing Ding Ding ding The casino is open. Best of luck to all.

Play responsibly and if not, have fun. This is really what the Market's about. The Market's just about having fun Idex that's a penny stock that's been pumping I wouldn't personally go long on it unless it was for an extremely short period of time. I'd be looking for it to show weakness and I'd short it back down to like basically the depths of Hell from which it came.

What else do we have? Dingy Ding Ding Dong? Shout out No Name guy, Shout out Gorilla Invictus Shout Out Ooh Book Shout out Tamar Shout Out Pizza Shout out Trans: Shout out Hodle What else we have going on? BTC Yeah, Crypto was actually like an oh, now it's dropping I Was going to say yesterday it had a good push in the morning, but right now Bitcoin trading at 28.3 000 and you have East trading at 18.50 Uh I think did Pepe get Rugged? officially let me check in on Pepe Let's see what's going on on this meme one. I Wanna let you guys know that I finally caved and bought a little bit yesterday. Uh, just in case this I saw some weakness in the overnight session I was like, you know what? we'll put in a little bit and see if this thing can explode back to Kingdom Come super degenerate play I'm not telling anyone to buy I'm not telling anyone to sell I'm not going to do that with anything. It doesn't matter if it's a stock an option A Crypto Don't follow me I'm not some sort of expert Trader I'm a Degen like many of us in here and I figured hey, this is a play meant for D Gens.

let me try my luck. Atlx Atlx. What is this one? Oh Lithium. Uh I am actually medium to long-term bullish on Lithium.

See this is ripping I would be afraid to get in right now just because your risk reward is messed up. so I am bullish on lithium. Lithium is very very very much needed by many Industries right now Uh, I'm bullish on lithium I just don't want to buy it after it's right from 16 to 44. I would want to see a pullback for me to get in so I like it uh I don't know about this company specifically I see a lot of strength I see higher highs I see higher lows I see a lot of good stuff going on I just simply wouldn't buy it at this level myself I Want to pull back I would want to buy it on a discount, not at a premium Uh IEP Getting smacked pack W Popping a little bit here uh I decided to throw Pac W and IEP up.

How are my positions doing? Hell yeah! Open p l on IEP is up 415 on Pac W I'm up 183 crushing it, crushing it, crushing it. Oh wait, you guys can't see it right here. Here's what I have going on: Uh IEP up for 20 Pac W now 161 So uh, the account is crushing it I mean the only one that I sold was I had 20 of these I sold four to cover my cost basis I didn't sell any pack W uh I kind of probably should probably have five bucks, maybe at 550. I I do have an order to get out of seven of these to bring my position down to 15.

I think selling at two bucks is where I put the order in. Yeah, two bucks. So if that hits, it'll cover the cost of my position and then I have a free lotto ticket that I could just let ride and ride and ride. So here's to hoping that that all plays out.

Uh IEP getting crushed. Remember I care about 34. the reason I care about 34 is because I think there might be some buyers stepping in there. It is the all-time low from March of 2020 Right here.

34 34, 34 34 That's where I'm going to take a couple extra off the table I started with 20 I sold four to cover my cost basis I will sell six at this level to lock in some profit and then I'm gonna let the other half of my position ride because it's already a lotto ticket like I'm There's no way I lose money on this play. so now it's just locking in some profits. It's more position management and that's only for half the position and then the other half. I'll like treat it as probably like a true Lotto Play So oh, to pack? W Uh, halt on me.

No no no no no no no no no no no no no um. the Spy just kind of doing whatever this morning. Yeah I think Pac W's already halted Pac W is that a whole pack? W Hall Resume Yeah. 932.48 right here.

Uh I don't know if you guys can see it but where my cursor is pack W It's going to be a five minute volatility halt. so it'll start training again at 9 37 48 so this will be halted till 9 30, 7, 48. foreign. What else do we have going on? AMD Trying to recover some of its losses down 5.5 percent.

the Spy Just chopping. no real decision IEP Showing some weakness once again. I'm looking forward to follow another three dollars and fifty cents and at that point I'll be locking in, uh, some of my position. It'll leave me with half of my play live and then from that point like I'm good to go.

I Could literally just let that play out and see how it all goes. Free role. Yeah. Wild.

decom. You know what's up always. You know me. And the the free role.

Oh I Forgot to ask you guys here. Um as I'm creating this poll, I'll create a poll so we can get the exact numbers but let me know in a comment: uh what do you think is going on with the overall market today? Are you thinking it's going up or going down? Let me see with your emojis. thumbs up Thumbs down for the overall Market the top left of your screen the S P 500 and then here in the meantime I'll also create a poll. Uh market today.

Green red Ask your community All right as that's going. I Also want to let the people on Rumble know that you guys have a bunch of new emojis now. So Rumble just integrated a bunch of emojis and you guys can be using those. um I think there's some member specific ones I don't know if you're on Rumble chat right now, can you? I don't know I want to see how the Emojis are coming up? Uh, there should be a bunch of new ones now I see red I see Moon gang overall down oh we have a dumpster fire one thumbs down I think that's I think we have some specific to this community though.

Yeah Market's getting man the people who are voting on up I mean I I Like the optimism I just don't know if I necessarily see it today. There's a lot of craziness going on. a lot of craziness going on. But hey, maybe you're right.

Maybe you understand the market better than the rest of us. A 50 50 poll so far. Hey, they let me sell my FRC puts today. By the way, just now in Fidelity Yeah, that's because FRC is training again.

It's now training under Frcb. It's on the OTC market. Um, it's now a penny stock on the OTC market. So if you're in FRC whether you're long or you're short, if you have calls, or if you have puts, they are actively training.

Right now, it's trading on your Frcb, it should already be in your portfolio under Frcb. Mullen Mullen Going to the Moon Lloyd Come on, you think Mullen's going to the Moon Do you think this stock? Lloyd Are you just messing with me? Do you think in eight Cent EV stock with a like that's gone through many reverse splits? have a has a horrible management team. The deals that they're striking are like not that good. Their product is super sauce.

You think this one is going to the Moon You're like dude, this is the EV play that's gonna transform the entire space I Don't think we can name one positive thing about Mullen Oh well. there goes my coaster. The moon's below us. Oh oh uh.

Pacwest. Uh. training again. apparently going up I Don't want it to go up.

Stop going up man. So here's the dealio. We're going to be watching the market open for the first like 10 20 minutes just to see this craziness. Really? I'm watching IEP here and then I Want to give you an update on the whole Bill Ackman Hindenburg research Coral icon like craziness of IEP and why it's getting slaughtered right now I'm close I I'm getting a little a little antsy if you will I want to take some of these profits off the table I just needed to drop three more bucks which sounds like a lot and it is a lot.

but I think it's going to be acting as a magnet I think a lot of people are watching that thirty four dollar level on IEP I Also, don't I know this is a a sick thing to root for, but just based on the puts that I have on. Pac West uh I'm not liking the jump back to the upside I'm still up 150 on those puts but I don't know what should I do? What do you guys think about the pack? Why should I just cut the pack West position It's shown a little bit of strength but am I just being a little bit am I being a nervous Nelly should I just tough it out. Basically my question to all of you is do you think Pacquest is gonna fail Mullen turnaround time The Only positive news is that the negative? Oh wait I lost it. Are you green year to date? if you count your pack West and IEP canes? Um, not.

If you also include my Futures Trading I took some bad beats on Futures Trading in January of this year, so not counting that. Um, if you count that No, no, no no, no, no, no, no, no, no. But I mean it depends on how bad IEP gets if IEP gets really bad. I might go in the green here, but it would have to get no.

It'd have to get notably more bad than just thirty four dollars if I EP if I held. If I hold half my IEP position and it goes like sub 20, then I I mean just doing some rough Mental Math I'm pretty sure I'd be in the green. Trust your gut, it's a good call. Well, I have a lot of time so I'm not feeling particular pressure with pack West Well, first of all, I'm already in the green so you already feel less pressure and from there I have till June my expiration date is like the first week of June so I'm not really getting beat up by Theta Decay quite yet and there's obviously a lot of pressure in the regional banking sector.

I Think people are getting pretty worried we're about to get another rate hike. I I Don't feel that much pressure. it's just I Also, at one point was up 500 percent yesterday and now I'm up 150 and I'm stoked that I'm up 150. I Guess if I see a jolt to the downside if it goes to like 550 or something today I feel like I should take some off the table and that's why I have that order already pending to sell seven of them just to cover my cost basis.

Matt I Have an options question. When the contract price goes up and down, where's the money coming from? Is it simply connected to the single person who sold the contract? No, it's the same thing as in it's the current market. They it doesn't matter if you're talking about options, It doesn't matter if you're talking about a stock or future or whatever. The current price of something is set by the open market.

The highest willing bidder and the lowest willing seller is what sets the bin and ask so and the price is based on the most recent person or the most recent transaction from a buyer and a seller. They're like if I'm trying to think of the best way to explain this. It's not like options are like oh oh the stock is going up so we have to go up. No options go up because people realize the stock is going up and it follows suit that way there's no overall like algorithm that's saying oh the this has to go up or oh this has to go down.

it's a market. It's literally just the highest willing bidder and the lowest willing seller. That is what sets up a market. So for example, IEP right now I'm in some of those puts, if people decided that magically, they're worth twenty dollars, it will trade at twenty dollars.

If the highest willing buyer and the lowest willing seller agree on 20 bucks, it trades at 20 bucks. On the other side, if they agree, it trades at two cents, it will trade at two cents. There's but that's the same with any option with any stock. AMD right now is trading at 83.

in the top right of your screen, Amd's trading at 83, 82 87. That's because that's the highest willing bidder and the lowest winning seller. And we're seeing the most recent trades that went through. That's what sets price.

Um, if right now, if the world decided Ames AMD is worth 50 bucks, it would be trading at 50 bucks. On the flip side, if they decide it's worth 90 bucks, it would then be trading at 90 bucks or 110 Whatever you can like, whatever number you want. So you have all these different Market participants you have people on Wall Street You have high frequency Traders You have quad Traders You have retail, You have investors, you have hedge funds, and basically you're looking at that amalgamation and whoever the highest willing bidder is and the lowest willing seller, That's where we're Trading Two flipping years. Cheers buddy! Bilbo You're always such a delight to talk to.

Uh, I'm happy you've been here for two years. My only question is why didn't you come into my life even earlier? You're always just. you're always just a happy guy. And I love that I love that about you.

That's why I'm not going in on Pac W I Learned my lesson big time. Oh I'm just inverting what I I looked at FRC I'm like this is a legitimately good bank. It's trading at a massive discount. Why would I not buy this legitimately good bank at a massive discount and that's what I think about Pac West So I just did the inverse because it burned me.

That thought process absolutely burned me on. FRC I lost a decent amount of money. Uh, so then I just inverted it and it somehow made me made me money on Pacquest I just inversed myself. I meant if I'm up a hundred dollars, where did the money come from? it comes from the person who sold the contract.

No, you. if you buy a beanie baby and it goes up in value, you don't realize that until someone buys it off of you, your if it goes up a buck. In your example, you get that money from the person who buys it off of you so you like. You can see that an asset is gaining or losing value, but it only really matters whenever when you're able to realize it so you would be realizing it by the person who buys the contract from you, you initially bought the contract off of someone.

Ideally, it goes up in value and then for you to realize that value, you would be selling it to the next person calls on. Beanie Babies is Matt Schilling Beanie Babies The money comes from Jay Pal's money printer. uh pack W's going up which is kind of bumming me out. Man, it's up nine percent right now.

Beanie Beanie Baby Show I'm still up 144 though like this isn't really moving that much. Interesting. All right. Whatever.

I guess I'm sitting there uh IEP is just ripping faces I'm up 11 Grand on the leftover position or I guess 11 Grand in total nine grand I already locked in two grand I Don't know I'm between yesterday and today I've been it's been a This is actually by far my best trading week of the entire year. Uh, I mean these two plays the IEP puts and this is all because of Hindenburg Research. This is a research fund or I guess shop. whatever you would call it.

I I Don't think they're even a fund. It's a research. What would the word be? a research company? A short research company. Um, that I'm very very familiar with.

and if you look into it whenever they come out with a hit piece which maybe is not the nicest term to use, generally that stock gets destroyed the first day. There's some examples they don't have a hundred percent hit rate. Obviously some of them, like people, are like no, we don't agree with you, but in this case it looks like people very much agreed with them. there's no buy only sell on Frcb.

Is that right? Oscar uh can anyone else confirm I haven't looked at it myself. Do you have to sell your IEP set at 34 getting closer? No because I don't know what the options will be trading at. So I don't know what the limit price like I should set it for I'm basically just watching for it to drop another dollar and I have to admit I'm starting to maybe get a little bit greedy like I I already have that inner dialogue I'm like, but if it gets to 34, what if it breaks down and sells even more? Do you really want to get rid of it? but I don't know I need you guys to keep me disciplined I need to sell at least a couple shares. It would be insane for me to not get rid of some I don't have shares those puts at 34.

like we're going I'll set an alert ADD alert create I have to get rid of some but I'm already hearing that greedy dialogue in my head saying hey man, it's gonna what if it keeps going, what if it keeps going down but but what if it keeps selling off, you can make even more money Matt What are you doing man? And it's that voice that you need to very much overcome. Pac West is screwing me right now Market Coming up a little bit. but remember today, this action right now. it's just that none of this action really matters all the way up until the Fomc results.

And more importantly, when Jerome Powell starts speaking at 2 30. Today, the first half of the training session, it's made up. It's fake, it just doesn't. It just doesn't really matter much today.

it just simply doesn't. Hey folks. reminder reminder reminder reminder reminder reminder Destroy the Like button if you're watching right now on YouTube We have a hundred and thirty six likes to go to get to 500 and then after 500 we have the goal of a thousand. So if you're watching right now, take a quick second out of your day.

destroy the like button on both YouTube and Rumble and honestly, most importantly, subscribe on Rumble I Can give you guys the link right here if you're watching on Rumble Hit the Subscribe button if you're watching on YouTube I'm dropping the link right here. Um, we're gonna end up start doing some exclusive stuff over on Rumble Just like fun, Whatever. random stuff. more stuff before we really kind of screw around where I know I'm not going to get in trouble.

Uh, because they aren't running the place as like I Don't know with such an authoritarian attitude as like YouTube has. So you can definitely get away with some more fun stuff over there. But more importantly, we are trying to get to 69 420. Subs So I would kindly ask all of you watching right now to make sure you destroyed that Rumble subscribe button because we are almost there.

We're trying to hit it this week. I think we have a couple hundred to go if you're watching right now. I Mean there has to be enough people in here that we could actually make it happen today if we wanted to. Uh, where are we at my channels? we are at 69 100 So we have 320 Subs ago.

So we hit the ultimate ultimate ultimate content creating goal of 69 420. Matt are you in any trades? In fact I am I am in uh pack W puts and IEP puts the PAC W puts. The expiration is June 2nd. I basically have a full month and the IEP puts are for May 19th.

So I have two weeks and some change. both are up. The IEP puts are up 560. the PAC W puts are up 150 percent.

Uh, I am looking to take some profits on IEP right here at 34. The reason I'm looking at 34 is because if we switch it to weekly, we might be able to see it a little bit better. Right Here it is. The Is it the all-time low? No, it's not the all-time low? it's the recent low And it's also serious serious support.

So I'm looking at thirty four dollars and then below that I guess we have 30. I I should probably Mark all these out. So yeah, hang on. we have to go back in their history I Want to mark all these levels out? Is this real? Trading All right.

Just oh well. they did have a gap all the way back then. Okay, these are basically the downside levels: I'm watching on IEP 34, 30, 19, and 10. these are the levels I'm watching.

34 matters a lot to me because it's the most. Uh, in 2020, that was their low I Think there's going to be people who are potentially dip buying here and I'm worried that it could bounce off of that. So I'm gonna sell some of my position there and then obviously I'm gonna sell a sum at 30. I'm going to sell some at 19.

these are my targets. my downside targets. and I'm just going to keep unloading, unloading, unloading. um with it.

I'm not really feeling much pressure from the play if you caught yesterday's stream even on the first day I made it I decided to burn one of my day trades and I locked in the cost of the position. So I'm already playing with a lotto ticket and then if I'm able to lock in today, some of this at 34, we could count that as paying for like the pack W position and then that could become a lotto ticket, packed up, views going up, the spies going up, we're just waiting around. I mean I wouldn't like I said if you're trading right now I wouldn't be building in some sort of massive position that I plan on holding through the Fomc meeting because it might benefit you and you might hit it even bigger or it could get completely rugged out from under you. When is the Flmc? We get the Fomc results at 2 pm and then drone pal the chairman of the FED will be speaking at 2 30..

So I'm going to do a whole specialty stream for it today. I'll start streaming at like 145. Is Bbby still listed? No. Today should be the date that it's delisted.

I Think it's done? Yeah, yeah, it's done. The fact that people were still trying to pump this blows my mind. absolutely blows my mind. Like I mean people are still trying to pump AMC and ape and I just don't see like why are they pumping it? It's just.

it's insane to me that people don't realize that this is a forever changing game. Like obviously there's new information and the things that made Gme work. The things that made AMC work a lot of that is no longer here. Think about it.

Think about it like this. We're not locked inside anymore, consuming a bunch of content. Uh, the fact that we were locked inside because of whatever like Rona restrictions that benefited it, The fact that or we were in a very much a quantitative easing economic environment. Money was sheep and people were getting stimulus checks.

So we're in this situation where there was a cultural phenomena of people saying hey, let's make Wall Street pay and a lot of people were agreeing with it because they were stuck inside. We were locked inside. There was from a monetary economic standpoint, a better chance of things squeezing. Because of quantitative easing, there was a lot of cheap money.

and on top of that, a lot of people were getting stimulus checks, so they actively had money that they could put into accounts to do whatever. Investments gambling training. Like all of that stuff and that type of stuff just does not exist. Now we are no longer getting stimulus checks.

There is a lot less of a consumption of internet-based material relative to where we were before. and we're not in quantitative easing. We're in quantitative tightening. It's just we're in a different environment and people need to understand that.

You have to understand that the game is forever changing. It's Dynamic and you have to understand like what's that Wayne Gretzky Quote of like don't look at where the puck was, Look at where it's going. That's this game. Look at where things are going right now the crazy things are.

the banking sector like that's what people are paying attention to. People are paying attention to bonds that people are paying attention to. Fomc Look at what's going on. People are if you're a penny stock degenerate day trader, that type of thing, it's all these AI related things that are going absolutely nuts.

What was that one yesterday? Bullfrog Uh Bullfrog. Bullfrog. Holdings It looks like this was another like kind of low float penny stock that people are thinking it could squeeze. and we were talking about how if it got above 540 you could if you wanted to.

It's a bit of a large risk, but you could risk all the way down to 450. That would be your risk level. maybe ride it back up, but it's just it's a low float. Squeeze Play that's in this sector I Have no position on it and if you're in it.

hey I hope you make money I think like many low float squeeze plays, this will eventually come back down like I Think gravity ends up winning out, but that doesn't mean in the meantime it can't see some crazy movements to the upside like you just have to kind of know the game that you're playing. Uh, when did Citadel buy me I Don't understand why people think that Boom brother, uh what just happened there? When did Citadel by me? uh we just locked in profits? Uh, right here we as in the Bots I say we as in like well I guess in a weird way they are my brain children but just I don't know how much profits looks like 80 bucks but um on the NASDAQ got in I guess in the middle of the night at 1 30 p.m and then just locked in some gains right there. so that's pretty sick. Remember the blue dotted lines means the prophet, the red dotted lines means a loss.

so that was a a nice profit I Love how like that's just a generic question and then no one's even shown that Citadel has a short position on it. Like if anything, if you look at Citadel the hedge fund at the last time I checked they were actually long on AMC and it's just you hear this like almost weird rhetoric time and time again. For these people who don't do any of their own research any of their own DD They just read or hear something like somewhat sounding bad on Reddit or Twitter and they're like oh, that's the truth, that's the truth like right there. First of all, if Citadel paid me off, do you understand if they offered me money, how much more money I could make if I just went to the SEC If they offered me whatever, you pick a number, I could probably 5x or 10x that number by bringing the offer to the SEC and be like look it, they are paying people off to either bash a stock or to support a stock.

Do you know how insanely stupid that would be for them it would be so incredibly dumb and then for me financially. if all I cared about truly like was money I wouldn't help them I would take the offer show to the SEC and then I would get paid off a huge amount for The Whistleblower fee. but like so right away the the logic of it you just like it's so easily shot down and then people just don't get that like they would rather come in here and be like I bet you're paid off by Citadel like it's so dumb and then of course they leave. They have no logical comeback.

they just say that here. let's see anything to say. dumb dumb isn't Gary Gensler underfunded. Well the SEC as in the staff could be underfunded, but that doesn't mean that the like The Whistleblower fund is.

Uh, here we go. Let me we're We're getting close to my target. here. we're getting close.

we're getting close. Did it hit yo? Ollie Let me show you what can happen if you like actually learn about what's going on in the market. Ollie uh I Don't want to go on a classic matte rant and attack you I I Want to break you out of this cult that you found yourself in instead of thinking of Reddit and Twitter as some sort of gospel of Genius Apes who they've really found the secret of the system. Imagine if you just took the time to to learn a little bit about the market, Imagine where you would be adding your trading or investing career if you spent the past two years, two and a half years actually learning, actually learning about technicals, actually learning about what's going on with monetary policy, actually learning about how to read a balance sheet in income statement, learning about whatever.

A Hindenburg Short report: learning about how Banks function. Imagine: if you actually took that time to learn, you could be up 675 percent, you could be up 12.5 K You could actually be making money instead of holding the bags of AMC while also having Adam Aaron's nut sack in your mouth. You could be so much better off. But you're not.

You're You're choosing to use your time inappropriately. now. Obviously, with the whole buy button thing with GameStop and everything else that fell out from there, that was a great learning opportunity. A lot of people learned about Market structure and I am the biggest fan of people learning more and more and more.

I Always think that is absolutely phenomenal I Think that's amazing, but it's not learning to just be caught in this cult in this Echo chamber of just screaming of random stuff by uninformed people. There is no person on Wall Street or that has knowledge of business or anything like that. that's really in agreement with these like random things about dark pools I Mean we've brought experts onto the channel we've talked to Dave Lauer We've talked with many experts about many things and then yet you're still there just with like some old dude's balls in your mouth and you think he's your financial savior. He's not your financial.

Savior And I know he's not your financial savior because look at your P L. if you've been holding AMC where is your P L? I will only respect these people who have a differing opinion with me if they've pulled something off. If you can show me some sort of amazing trade where your thesis worked out and you made a ton of money, great, Let's talk about it. But the people who are continually telling me that like I'm wrong and my thesis is wrong, then why has everything been going downward? Why has AMC been getting screwed? Why has Adam Aaron been lining his pocket to the tune of more than 40 million while getting a 25 percent pay increase? None of it adds up, but you're sitting there with an old dude's balls in your mouth like whatever like go do something else.

It blows my mind. You can learn. This isn't a phenomenal opportunity. I Just don't get it.

I Just don't get it. And here we are. Might as well make some money. You make some money.

Make some money. Make some money. make some money. Yeah, we'll do that so you can do it.

Ollie You can do it. You can see the light we're gonna. We're gonna convert him. Well Well, I didn't lock in the money yet IEP It has to hit 34.

it might be bouncing a little bit early now I'm worried about it. but I put in the order. We can see roughly what we're trading at. What did I do? Six at Eight so about to lock in 2.4k Uh I really need that? Where is he? I'll even let him call in I'm more than happy to talk to him foreign to call in I'll happily talk with him.

Maybe he has some amazing thesis that I don't understand I am um I made a lot of money because of you Matt I Believe in you. You could do a short squeeze. You have the phone. I Don't want to do a short squeeze that's illegal if I somehow promote or prompt a short squeeze that's illegal.

like two wrongs don't make a right here. If we're fighting against the messed up things that happen in the market, why would I want to contribute into other messed up things? There are people who are literally now facing massive fines in potentially prison time. The atlas Trading Group Because of that type of stuff. What a dumb suggestion.

Oh look, it locked it in. Uh, right here. I had 16 now 10, uh uh. filled right there.

Six at eight. So I just locked in 2.4 K which covers I already covered the IEP position. but basically now I'm covering the pack West position without getting any of that. so that locked in there.

So now I I mean we already had a lotto ticket and now I'm literally letting half ride up 700 percent crushed it. This is up 150 percent. Yesterday at Market open, this account was worth 5K and now it's worth 19.4 How crazy is that? At Market open yesterday, this account was worth 5.4 like maybe 5.5 K Now it's worth 19k. That just shows you like how insane options can be and obviously, um, it can very much go the other way too.

It can very much go the other way as much as you can. quickly make money. If you're not paying attention, you can quickly lose money I Want everyone to know that uh uh, where's our Walmarts or Walmart our Wall Street song. This basically is the Walmart version of Wall Street Wall Street Wall Street Wall Street Wall Street Wall Street Wall Street Perfect.

All right. The only thing that would make this really work right now is is is is if pack West came down to 550. I very much would prefer. This one comes down a bit.

uh what? Bots are you using to manage your portfolio? the Weeble none none. The Weeble's just me. um but on tradestation where I trade Futures they're Bots that I made. It's not like Bots you just go and like that.

Are there like I coded them my background's encoding uh, any sites or books, Macwords anyone which I can recommend for options trading? Yeah so I don't know if you could see it, but right there's a green book. Like almost on the edge. It's called Options Volatility and Pricing. It is one of the most difficult reads out there.

It is so painful to get through. It's very math heavy. It's written in a very difficult to consume manner, but it's a great book. The information in it is very very very good.

But I just want you to know that it is like you're going to be in Purgatory as you read it, you're gonna doubt like it is such a tough read. Magnets: Yeah, it's it's all about the magnet trading. Oh so I want to talk about IEP and actually it hasn't even snapped 34 yet. but whatever I locked it in I was close enough.

Uh, send you Super Chat earlier. just want to say thank you. Thanks again for the info Brandon I appreciate that I think I actually missed a couple here William VK Matt If You're Gonna Keep Holding the pack W boots. Why not take more profit and roll down with the rest? Uh, because I'm not at the initial level I wanted my initial level to be at 550 so IEP cracking uh I I do have like a profit plan? Um on Pacquest I just wanted uh I even have a sitting order already I just need it to come down a bit more for the initial one and also seeing how things played out with FRC where it went to Frcb I'm now a little bit less concerned about the options being like Frozen in time and not being able to be used at all.

How many IEP left half I started with 20 I have 10 um and I sold. it cost me I got 20 at a dollar so it cost me 2K and thus far I have half my position last. and how much did I lock in? How much did I sell I sold six at eight? what's six times eight? whatever that is 48. so I locked in 6.8 K it cost me two.

so I'm up 4.8 K and the rest is riskless so not a locked in 6.8 cost to net ahead 4.8 with the rest riding and the rest right now is worth 7.4 so it's working. sorry I meant IEP play, why not roll it down to 30. Oh, because this is up like I mean William I'm just playing with house money at this point. Um, just because when I got in like you have to consider the other Greeks in this situation if I were to roll it now uh I See what? you're saying that it's trending down, but the the other Greeks namely the volatility of it is looking a bit different.

and I already really like my position I'm in the money because I have the 40s and I have a great date expiration date of the 19th. Um so I know I'm gonna be benefiting a little bit from the chain less from the changes in Vega because I'm already in the money. but I mean I I have a free lotto ticket so I don't really want to burn that I guess like if I wanted to I could take all the money I could take a portion of I could lock everything in I could take a portion and buy something, but it also could have fairly just bounced here. it could have easily bounced tha