Feeling Apeish || Dumb Money w/ Matt Kohrs
Dumb Money w/ Matt Kohrs
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
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Dumb Money w/ Matt Kohrs
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Video As A Podcast:
🎧 Apple: https://podcasts.apple.com/us/podcast/moon-money/id1550699494
🎧 Spotify: https://open.spotify.com/show/6kdJCHY0VMqLzIxwCHU59A
#Stocks #Crypto #DumbMoney
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
DISCLOSURE:
I have a beneficial long position in the shares of AMC & GME either through stock ownership, options, or other derivatives.
Foreign mama kind of feels a little bit crazy feels a little bit crazy with this these on, oh folks, so folks, so folks, if you're not in the uh top gun mood today, i i don't know what to tell you. I i'm feeling a little bit apish myself, so i hope everyone suited up for a little bit of travel a little bit of travel. Well, folks, it's gon na be a fun one. Today, i'm expecting a high octane high volatility picture picture, a little bit of like fast and furious meets top gun.
I think that's like kind of going to be the vibe of the day uh. We have some things to talk about. Yes, we have to talk about the overall market and i really want to dive into some things related to the world of energy. We got to get that out of the way.
Then i want to talk about some interesting things about politicians, some duis. Then we got to get into more specifics with stocks and there's some exciting things going on with amc, if you haven't checked it out in pre-market yet boy, oh boy, oh boy, but if you need kind of like a tldr breakdown. Last week we finally got some green. In fact, we ended up putting a stop to like an eight week, nine week losing weekend.
In fact, we put in the best weeks since we've seen i what is it like november of 2020? It was a very, very good week last week, so i am looking for that to continue in terms of the overall market and especially energy, i am feeling bullish now i want to kind of point something out, though this is not one of those things where i'm Like okay, we've bottomed out and we're just going to continue to rip from here for x amount of time in the future. If you look at what's going on in the options market, there really was no long-term calls coming in and really not too many puts were getting closed out, which is telling me this is a bear market rally. That's my opinion. Maybe i'm right, maybe i'm wrong, but in terms of the overall market i am bullish in the short term, but once again i think we're going to go up high volatility.
Maybe we'll see 415, maybe 420. 425. Something like that. I don't really care about the level.
I'm playing i'm the exact price target, i'm playing it from level to level to level, but once again i do not think we've seen the low of 2022.. I believe we are experiencing a bear market rally. I want to be specific again about that now with energy. I'm looking for it to go higher and higher and higher.
Over the past couple weeks, i've been telling everyone when i this gets to 415 and pushes it, i think, we're gon na rip that happened over the weekend because of some developments over in europe we'll be getting into all that, but i'm still very, very bullish. On energy, petroleum products, all that good, jazz, bullish, bullish, bullish and it's an honestly a good way to like hedge, just like what you're going to be paying extra at the pumps, i mean the new gasoline, it's just crazy, the the cost. It's absurd and it looks like it's going to be going higher and higher and higher completely different subject, though, where you might be like making some extra money anyway, is we're getting those same vibes of june early june of 2021 we're getting those same vibes in amc. Right now, amc closed out the week last week with an 18 gain in pre-market trading. Already it's up 9. We had a very, very good weekend memorial day weekend. Top gun, i believe, has the second place record now for best memorial day movie box office, performance uh. So, and that was actually without even playing in china or russia, so really if it was the full gamut, it probably would have been the records we'll be getting into that so exciting things going on individually with amc and obviously we're still seeing bonkers numbers in gme And red box, in terms of their short interest, their utilization, their cost, to borrow so we'll be covering all that.
But before we get into those specifics, shout out to today's stream sponsor public, hey, no payment for order flow, no market makers. It is free to sign up, and in fact you get paid when you get rocking with your account when you make your account, go through all the kyc and fund it, you can get up to 70 of free stock 100 free, no payment forwarded flow, no market Makers, that's right now, actually, where i personally have all of my aimc and gme stock and some other ones it all has so has like a little bit of a social media aspect to it. You can see with the people you follow. You can see what they're in you can see when they're buying you can see when they're selling.
So i like that social media aspect of it, but more, i like that. There's no payment for order flow, no market makers, so you might as well sign up for it. It is pinned to the top of chat it's in the description of the video, so if you're not rocking with it, yet you literally have nothing to lose whatsoever. Just so, you know right now it is for u.s residents.
So if you're international you, this won't be the brokerage for you, and i also want you to know, there's no options trading. So for me personally, i do my stock training on public and i do my options: training on thinkorswim and then some of you have been seeing my futures training. So i've been doing that on tradestation just for to give out the names of some of the things that i do or don't know, but for stock trading public. It's right in front of you pin to the top of chat, long time, support of the channel and they make it possible.
So i could buy awesome completely 100 authentic aviator head, like head costume setups, like the one you see in front of you all right. Let's get into it, so the market to close out last week was very, very strong. The s p 500 pushed it all the way up and right now we're back at the support level. I want to see a re-test of 415.
rdbx had a great morning and then didn't really hold, but crazy numbers in northx gme had a great day up 6.8 right now down slightly in pre-market, and then amc had a phenomenal day up 18 and it's currently up 8.7 in pre-market getting rejected right at a clear level of resistance, so we're going to be getting into all that. But before we do, let's take a look at the big picture: the dow, the s p and the nasdaq slightly red oil going up trading at 119 and yields going up as well as a bond slightly down. This is breaking news home prices surge over 20 percent. In march, home prices search over 20 in march, as interest rates also rose nationally, home prices were up 20.6 higher than they were in march of 2021, the wow wow homes. Well, congratulations if you're a homeowner we're seeing quite a bit of strength in the real estate sector so, like i said, if you're a homeowner, you are absolutely crushing it right now. Speaking of right now, here are the five things you need to know before the market opens today, tuesday may 31st. This is the first trading day of this particular week. We're also closing out the month and don't forget it's obviously a short week, because the market wasn't open yesterday for memorial day here in the u.s s, p 500 futures are lower after snapping long losing streak.
In fact, last week was the best week we've seen since november of 2020. bond prices fall 10-year yield tops 2.8 oil rises as eu reaches deal to ban most russian crude imports. This seemingly benign one sentence statement, uh packs quite a bit of a wallop and that's why we're seeing oil rip and most likely going to rip higher and higher and higher we'll be getting into the details of what is going on there, because i think it does Represent opportunity for all of us, shanghai is set to ease strict kova lockdowns, that's good for the overall economy, hey kind of bouncing back we're getting production back to where it should be. So that's another little piece of bullish, news, uh unilever shares jump as nelson pelts to join the board, don't know who he is never heard of him.
So whatever might be important to you not important to me. Let's talk about it. Let's talk about the cost of being a human and buying petroleum-based products. Gas prices hit yet another record high fresh record of 462, a gallon, which is 44 cents more expensive than it was a month ago a mere month ago, and has gone up by 44 cents.
With the average being 462 and remember, don't shoot the messenger. I don't like. I guess, i'm just the bearer of bad news. Everything is indicating that it's going to continue going higher.
I know that's going to suck to hear because you're like dude, i just like, tried to fill up half my gas tank and it was like brutal and i can't even afford to fill up the whole thing. Unfortunately, it does appear as if it's gon na go higher, but i think there's two ways. We could look at it because that also, in my opinion, means there's actually a trading opportunity where you could probably make more than you're going to spend on a tank of gas. The international energy agency chief, warns of summer fuel shortages and a triple energy crisis that will outstrip the oil shocks of the 1977, not really the stuff you want to be reading. They are going higher and higher and higher, and this is why so already there was going to be low supply high demand heading into this season. This was predicted, and that was all happening before russia's invasion of ukraine, which made the whole energy supply, demand imbalance. Even worse, russia's gazprom cuts off natural gas supply to the netherlands after the dutch refused to pay in rubles. Denmark could be next, so we get some of the supply demand imbalance coming directly from russia's actions, but on top of it, we're also seeing it from the eu and also the u.s oil surges to a two-month high of 123 a barrel after the eu agrees to Ban most russian crude imports and china eases coved rules.
So we've been talking about this a little bit here and there and now we're finally seeing that action and it's all playing out in the fact that oil is getting back above 115 and i strongly believe it's going to continue to rip global stocks slip as surging Oil prices fan worries about inflation and interest rate hikes, so to really put the number to it. If you look at crude oil, which is under cl on the futures market from a technical perspective, we had this crazy rip and this is roughly when russia invaded ukraine. Then it calmed down. We have support at 95 support support, support, high or low we're, seeing a cup and a handle at 115..
Here's the cup, here's the handle, here's the breakout we've been talking about it ever since this run up to 115 of how this was a tradable opportunity, and that's exactly why myself i got calls on oxy occidental petroleum, which is the really the energy play. That's related to warren buffett. There are many many ways to play this. You could play crude oil directly.
You could play natural gas, you could play companies related to them. There are many many many ways to make money off of this. If you believe energy costs are going to continue to go higher, that's obviously the bet is it 100 guaranteed? No, but i feel, like the odds, are pretty good. Hence why? Last week i told everyone i got into oxy calls for mid-june the june monthlies - and this is the particular company oxy related to warren buffett - looks like we are actually already gapping up looks like 73.
Is this an all-time high? No, it's not an all-time high, but uh from here. Oh, i suppose the next watch is 76, so i'm watching it a dollar at a time, but feeling very, very good about that particular energy play and, like i said it's not the best one. I like it for various reasons, but it's not the only one. I should really say there are many ways to skin this particular cat. If you believe energy is going to go higher and higher and higher moving on boy, oh boy is karma a bit of a remember. When we talked about this article 63 members of congress have violated a law designed to stop insider trading and prevent conflicts of interest. A lot of you might be sitting there and be like hey yeah. I don't think people should be able to trade when they have non-public.
Information seems like kind of a little bit corrupt. Oh wait: you're saying the people who make those rules are the people who get to trade on it. So, like they're supposed to be self accountable, wait, you're, saying, there's a whole organization called the sec, that's supposed to watch them, but the sec is paid by the people who they're supposed to be watching yeah. No, it is that messed up while lawmakers who violate the stock act face a fine.
The penalty is usually small. 200 is the standard amount? You heard that right when a person who is elected to office and they take that oath, i solemnly swear to wear really cool hats and glasses after watching top gun, and i'm gon na really just line my pockets with the money of my constituents and get paid Off by all the lobbyists and i'll do anything i possibly can to get reelected, because i am a power hungry egomaniac and i really don't give a about my constituents but i'll say whatever i need to in a two-faced manner to get re-elected, because i am addicted To this power - and i can't see my life without it, because it's 100 - how i have my net worth - remember that oath that they take well. It is kind of interesting that we let them basically run rampant right now and even when they get caught doing something they shouldn't it's 200 dollars, which why would they follow the rule, then that that that's nothing two hundred dollars? We have politicians who are swinging. Multiple six-figure trades, multiple six-figure trades.
Do you think 200? You think they give a about that or sometimes it's not even that they're like yeah. You know 200 is a little steep, we're sorry about that. So we're gon na waive it by house or senate ethics officials. The ethics officials are like sorry about that man.
We know you can't swing that two hundred dollars ethics watchdogs and even some members of congress have called for stricter penalties or even a ban on federal lawmakers from trading individual stocks for quite a bit there. It was creating a kerfuffle of sorts on social media, and people were calling it out being like hey, that's crazy, but then, like all good politicians, do when something happens that they don't want to happen. They kind of just act as if it didn't and don't breathe. Any life into it and then the public quickly forgets about it because there's always going to be another new media cycle.
But not me, i'm too much of a petty vengeful to forget that these people, who are training on non-public information or pieces of this comes back to what i was alluding to at the very start of karma. Well, look: what happened over the weekend, pelosi's husband, charged with a d-u-i driving under the influence um once again, though, like at first you'd, be like well, hey, that's bad, because you're endangering not only your own life, but the other people who are on the road at The same time you are, but it comes back to these are really just it's. A slap on the wrist and they're not going to give a bail, was set at 5 000. According to the booking report and records indicate pelosi was released sunday morning and they said the speaker will not be commenting on this private matter which occurred while she was on the east coast, five grand five grand for bail and obviously with the connections in the name. I would not be surprised in the slightest if this is just rapidly thrown out. The judge will be like hey, like we all make a mistake of drinking once in a while i'll give you a warning this time, the old rich white guy don't worry about it. So a little bit of camera he got caught, but it is very serious, obviously there's other people on the road and he endangered their life by driving under the influence. But the way our system works right now, i'm gon na pay attention to it, but i wouldn't be surprised if this gets rapidly thrown out all right now, a little bit about amc, amc, amc, amc had a very, very, very, very good day on friday gained 18 Right now, it's up 9.5 uh, currently training at 18 or 1580 in pre-market, which is kind of around my big trend line breakout level right here.
So i would love to see the reaction to that, but i do want to warn you. We are gapping up as soon as the market opens in about 13 minutes. The opening value is going to be higher than friday's whole high, which means we have a gap to fill to the downside. So don't be surprised.
The high on friday was do not be surprised if they go for that gap fill just to clean up the chart a bit. I want to give everyone a little bit of word of caution on that one. Fundamentally, what was going on with amc over the weekend? Well, basically, top gun kicked ass, top gun, maverick breaks memorial day box office records with 151 milli lands, tom cruise's biggest movie launch tom cruise earned the biggest movie launch of his career with top gun maverick, bringing in a projected 151 merely at the box office during Memorial day weekend, uh the holds the record for the second best memorial day, opening of all time behind johnny depp's pirates of the caribbean at world end which earned 153 million, but they did this without actually launching it in china or russia. Global totals were expected to exceed 275, despite not playing in china or russia, so, overall, the new top gun movie is crushing it and they did ask him a little bit about streaming, mr cruz, mr tom cruise himself.
So i wanted to share this when asked if he felt pressured to release the film in any capacity on a streaming network. Cruz cruises served the audience. It would never happen, so it is kind of interesting we're not hearing too many actors actually speak out against streaming. For streaming anything like that, so this is like one of the the few few and far in between, but definitely one of the few, where they're an actor saying. No, we don't really want to do our launches on streaming, but overall is top gun success. The like the legitimate reason why amc in a mere how many days were we training at right now does amc has now gained over 50 in about four or five training days? If you count the pre-market session would, from a fundamental perspective, would top gun success mean that amc should be worth 50 more no, but it is worth what it is. That's exactly where amc is at and now that it's going up it's putting more pressure on shorts. So it doesn't matter, this is the price, regardless of if it's, because of like the fundamental catalyst that, like a wall street suit, would be believe or not.
It doesn't matter because, right now, it's up 50 and these shorts, which are almost at 23 short interest, are feeling quite a bit of pressure uh, let's actually quickly run through what all these mean. So when you're looking at short interest, usually it's of the free flow when you're talking about a stock each company out there has a different amount of outstanding shares. That's the shares in existence. Outstanding shares is the combination of free float and closely held shares.
Free float is what the public can train like you and me, and then closely held is gon na, be like insiders who have it, but they have a vesting schedule. So we know they can't get out, or maybe it's a pension fund that is only trading once every couple years anyway, so they're most likely not going to get out but anyway, closely held plus free float, equals outstanding shares. So when you see a short interest short interest of free float, it's saying how many shares are short against the pool of shares that can be publicly traded. So right now, with amc there's about 510 513 million shares in the free float - and this is saying 23 of those shares are most likely, because this is an estimate are most likely short against the company.
So that would be roughly 118 million shares out of the pool of about between 5 10 and 5 15 million now cost. To borrow to take a legal, legitimate, short position, you have to first loan the share out like from someone who owns it. So basically, someone says: hey i'd like to short amc, some big other players like hey, i have 10 million shares. How many do you want they're, like okay, cool i'll? Let you borrow the 10 million at a fee and then you give them back to me when you're done with the short position so to take a legal, legitimate, short position, you have to take shares out on loan and you pay a fee. That's your cost! To borrow the cost, to borrow fee is computed by supply and demand. Basically, the more shares that are available to go out when there's not as much of a demand. Well, the cost is going to come down, but as there's less and less shares willing to be loaned out and more and more people want them to go short. The fee is going to go higher and higher it's exclusively computed by supply and demand, not the risk of the situation.
It's only supply and demand a little asterisk little caveat here when you're talking about ctb. This is the annual rate. So to know what you would do on a daily basis of like what the fee is, you would basically take this and divide it by about 250 ish. That's roughly how many training days there are in a year, but once again this is an annual rate.
Uh utilization is 100. That's the maximum value utilization is computed by the amount of shares the total loanable shares and then how many are actually out. So, like let's say you have a pool of only 10 loanable shares and all 10 are out. That's 100.
If you have that same pool, but only 5 are out, it would be five divided by ten. That would be fifty percent, but so it's x, divided by y and once again this is another percentage. But i wan na remind you that both of those numbers x, divided by y x and y, are both dynamic and they can change throughout the day. The number of shares on loan throughout the day can go up or down, but also that entire pool will more people could be willing to loan theirs out or less people could be willing to loan theirs out so x, divided by why both numbers are dynamic, uh And then shares on loan are just that top number of how many are taking out on loan, which is a necessary step to take a legal, legitimate short position.
So i just wanted to quickly run through what all these mean in more of a mathematical sense, because they're important and a lot of people have been asking about them more so lately. So i wanted to share that all with you in terms of gme. The short interest is at another one year: high 27.6 costs to borrow average 274.. This is jaw-droppingly crazy utilization, maxed out and shares on loan 22.56 million and in terms of redbox 156 short interest by far the most.
This is insane costs to borrow average. The average cost to borrow is 742 utilization maxed out shares on loan 2.58 million, which is less than both gma and amc, which means that it's a low flow, which means that it could be a low float squeeze which gets absolutely insane the lower the float. The more really mathematically easy it is for it to move, but also the cherry on top with red box. Is that it's on the threshold list, which is telling you that something wonky is going on in the back end.
That should not be going on in the back end now i want to share this with you and it has literally nothing to do with stocks whatsoever, but i just thought it was important to share with you mona lisa smeared, with cake in apparent climate protest. This is just your friendly reminder that people are crazy. The most famous smile in the world was briefly obscured sunday when a man smeared some cream cake over the mona lisa in what seems to be a climate protest, you might be sitting there and like what does putting cake on the glass that covers the mona lisa. Have to do with a climate protest, that's a fair question and we're probably never going to get the answer. Visitors posted that a man disguised himself as an elderly lady in a wheelchair, presumably in order to gain access to the spot right in front of the painting reserved for the handicap, then he stood up and smeared the cream cake over the glass that protects. The renaissance painting so basically got all makeup up and then just rolled it rolled in rolled and rolled in somehow had a cream cake hidden on him and then was very close and put it on the mona lisa, which is just insane and as they were, taking Away um, he shouted in french think about the earth. There are people who are destroying the earth, think about it all the artists think about the earth. This is why i did this think about the planet.
The louvre issued a statement on monday saying the painting had suffered no damage the museum said the man had hidden the cake inside his personal belongings. Just you know that classic hidden cake compartment. We all have right um. More importantly, though, like seriously, people are nuts.
What does putting a cake have to do with trying to save the earth? I'm all there? Let's save the earth, i'm not the one who is saying we should go damage the earth, but you're not going to get your point across like no one. My point in bringing this story up besides, the fact that people are crazy is no one is now like. You know what i didn't care about: climate change or even worse, like i actively hated the earth, but now that that one guy smeared a cake on the painting. I think i might support the movement no like this has changed the mind of zero people: zero, zilch sag, that's how many mines was changed by this like stupid, stupid stunt people are nuts man.
People are nuts anyway. I digress we're going to talk about crypto a little bit later on, but crypto's looking nice we're seeing some moves. Cardano, especially uh cardano, has been moving very nicely to the upside, so we'll be focusing on that. Among the whole crypto sector, which is seeing a nice little relief bounce similarly to the overall market, i do need to pull you guys, though, for the s p.
500. Are we going green today or red today? Make sure you vote uh on rumble, you're gon na have to type it in, but on youtube. You can do a vote and then let me get the bot set up. You guys it's gon na fire at 9 29 we're going a minute early because we get a better fill. So i want everyone to know. You got to vote. You got to vote. You got to vote.
You got to vote, you got to vote, i mean the answer is obviously going to be green. I just don't know if you guys are going to vote that way. But if you want to be right, we got to switch our there. We go.
We got the green rocking green, okay, green by uh 70, so you guys are feeling it today. We're going one contract we'll go for 500, we'll go one contract for 500 and right now. I just want everyone to know in terms of the options i have oxy calls and v e r. U veru puts uh.
Those are my two quote: unquote live plays so veru june 17th and so same thing with oxy. That is also june 17th. All right we are rocking, we are rocking. Let me switch this over here.
Let me get this with all of you. The volume is good, we're rocking we're rocking we're rocking we're rocking. Ah, this is not the most comfortable, but i need it till we make our money today. I need it.
Uh mullen wow people are talking about mullin uh. I haven't heard of mullen in a hot minute i'll have to check that out. I just want to show the entry on this. It should give us that classic field classic order filled, which it just did, look mom no hands uh.
So we got the order fill at 4141 and we are looking for four thousand uh 151 to lock in that 500, and i did it a minute early just because it gets us a more accurate fill to not have to fight with that volatility at open. All right so anyway, now that that's out of the way, let's get ready, let's get ready a new week of fun in the sun. Let's go, let's go! Let's go all right, all right, all right all right! Let's close that, it looks like both a little bit more split over on rumble, but uh youtube was very, very bullish. Coming into today, three two: nine, the casino is open.
Let's get rocking um, don't forget with amc there technically is a gap. Fill the gap. Fill is now 14.47 all actually just mark it. So it's just a little bit easier to see and i'm looking for the breakout not only of this trend line but around low 16s ish right here, 1605.
Maybe the like the first half of the 16s. I think could be a little tough like it's really. I know we have a little stuff at like 1660 1670, but overall, i just want to call out this gap bill to the downside at 14.47, exactly which is the high from friday all right, the spy uh roughly. This is the target we're going for on the futures market to make that 500 monies.
What did i say, 4151 right there? Actually, i think it's like a quarter of a tick lower. That's the profit target that we're going through uh for you guys all being my financial advisors which thank you thanks for that hey. I appreciate that all right, well, ooh rdbx, looking juicy amc holding up ten percent trying to make that decision right around 16. Oh spy, going the wrong way on me brother, going the wrong way on me. Dude, hey, that's, not cool! Hey! Stop that! Hey! Hey! Don't you do that? Hey, hey! Stop all right! Where are we? Where are we? Where are we uh? Can i have your thoughts on kscp? In my opinion, i think these robots gon na be in every elementary school kscp. What are the robots kscp? What does this do? Industrial machinery? Oh? No! I wouldn't trade this it's a three dollar stock, but it only trades. 200. 000 shares a day, uh just very, very low volume like extraordinarily low dollar volume uh.
So i wouldn't touch that one not for me. Okay, the spy right at support would love to see that bounce amc holding rdbx look for that break of eight rdbx could definitely pop out of nowhere who's selling the spy right now, that's like super, not cool, uh team. Are you guys short on that green vote? Is it still trunk from the weekend? Is it a little hungover or something like? What's what's going on with the spy? It's going the wrong way, you guys all seem very, very confident. Uh people are talking about mullin.
What's going on with mullen it's up 25 from a gap up, but it's not holding right now, there's not actually too many things trending to the upside uh rdbx's. So we have some green from gap. Ups, oh oxy oxy is looking good. Energy plays uh, okay, oxy's holding it's tesla, holding.
Look at me, where's. All the green. At today, team tesla struggled at 7.75 where's all the green team team team team. Is this just like a little little morning freak out? Is it just trying to mess people up for the first, like five minutes com cool collected? What's the gap on amc, uh? 1447, i think i don't know it was.
I just mapped it out. Yeah 1447 on amc, 14, 47 right - and this was the high from friday right there - all right, tesla, a little bit of a bounce oxy doing its thing. Uh is the spy gon na turn around. What are the queues doing? We got some selling some selling some selling some selling.
If amc doesn't catch a camera on this news, i feel like it never will on what news the success of one movie yeah. You have to understand. The dollar amount so amc, it's market cap, it's at 8 billion right now after gaining 50 in a couple days, so we're talking about billions of dollars like billions of dollars to amc itself when top gun made 275 million at all movie theaters globally. You have to understand that, like did amc positively benefit off of the news of top gun.
Yes, does the top gun news like justify the billions in market cap that amc just added? Well, no, because on a global scale, which is many theaters like including amc but also other ones, it made 275. so like make sure you're comparing it properly. For me, what i'm looking for and just because it's such an emotional play is you're. Looking for strong a strong fundamental development such as the movie, that leads into just like fomo and passion and fervor, that like gets people to okay, they're, excited and they're like okay, i see the movies are doing well, i see there's other new movies coming out. I know there's a higher short interest. I wonder if i buy here and then all of a sudden puts more pressure on the shorts with some of the shorts covers. So then there's more people getting excited, so they buy. So they put more pressure on the shorts you're.
Looking for more of a kind of like an emotional domino effect, a a snowball effect against the shorts, so you're looking for something to kind of spur that moment, but just like purely is it gaining 50 exclusively because of the success of the movie. No just because the numbers don't really add up that way. All right is the spy gon na turn around is tesla going to turn around oxy's. Looking good is anyone else playing oil right now? I would love for this bounce to like happen.
Who else is long on oil? Buy the news sell the rumor, though excitement should be ignited by the so by the news, sell the rumor, though i think you're, switching that one up a little bit i mean oxy. Oh some people are am oxy, p c e. I india, okay, so we got some energy plays, sold cei bought mullen uh. I mean those two are two like they're, very distinct place, so i don't know how i could like really fairly compare them adam aaron, on cnbc right now.
I thought he was on earlier today: uh, wasn't he on with squawk box early this morning, yeah he's not on at the moment. I think he was on earlier, but here's cnbc yeah. He did an early morning like squawk box thing and it was kind of what we've what you would expect of. Basically saying: hey top gun kicked ass.
It's an amazing movie. If you haven't seen it, you should see it and there's a reason why it's doing super super well, j, hartley, hey! I appreciate that is imp. Moving right now we're seeing some selling out of the gate team imp. How much is it up up 10 indo up 14 h, usa up 32? A lot of these like energy, plays damn look at the spy tesla amc getting rocked out of the gate looks like amc is going for that gap.
Phil. 1447.. 1447.. What are my thoughts on calls for oil uh? I i'm already in them i'm in calls on oxy.
I announced that i got into them last week in terms of my options plays oxy is one of my plays and then veru of veru put is the other one all right, all right, our right all right, husa, this one's moving, husa huge gap up come on Oxy break tesla, nothing but selling, damn damn damn damn damn is there going to be like a dip buy opportunity somewhere team where's the dip buy, buy off a 750 on tesla. Is anyone behind the dip? What's with all the selling, but i'm seeing a bunch of calls come in 660, like the calls are dominating three days, a tesla call, a tesla call a tesla call a tesla call, i'm confused spy spice twice by spice pie. Uh, i'm gon na take a stab at it. Why not? I'm gon na try to buy tess off the support at 750, ideally low risk. I mean you think tesla would be doing better with energy ripping through the roof right now, but the s p 500 is just vomiting, i'm a little afraid if i'm not gon na lie, because this is feeling like trying to catch a falling knife but hey. I do have on my fancy, schmancy hat. So let's see how this goes. Tesla, i'm looking at tesla, i'm looking at this week because they are super expensive june 3rd.
We're not going to go that far out of the money, maybe like 7.75 they're trading for 15 bucks. Let's get five of those five confirm and send all right. You guys heard it tesla tesla june 3rd 775 calls and i have five of them and i'm basically just hoping that this is a dramatic sell-off that i could just get a little pop in and out, like. Maybe push right back to 7.75 just trying to play.
Like a counter trend, move just looking for a little bit of a counter trend move, let me update uh tesla trade tesla calls strike what was it 775 expiration june 3rd strike expiration and then premium i paid was what i paid. I guess it got me in at 14.79 14.79 and i'm already down nice, just how i like it 14.79, each okay uh for all of those of you on locals. I just updated it there for all the details. Um.
Well, this opening sucks just been pure selling out of the gate. Amc is about to gap, though all right, let's hope that amc bouncing's right off of this and then the whole market just rips. I would love for that to happen. I kind of matt breaks his own training rules.
I mean i waited 12 minutes and i bought it on a dip like i literally just went shopping on discount. I got those calls. I'm like. Okay, we're kind of out of support.
I think things are getting a little bit like it's dramatic, how much it all sold. It's just been pure selling, since the market opened. Even if we get like a halfway. Bounce like 764 should be a nice trade just patience.
I'm buying the dip i wasn't chasing like is amc really that close, but not gon na hit it amc's low was 14.50 and the gap fills up 1447., damn damn damn damn we're even outside of the keltner. I like this look how far outside of the keltner. We are, i think this is a good reversionary trade. Let's see look at all this nice support, i think it'll pay.
I think it'll pay all right all right all right. Let's see amc get that gap. Phil get that gap, phil all right. What questions you loon into gap, fill back up uh.
I have we're going to talk a little bit about luna, but i don't think luna will end up gap filling back up. I think luna uh over the weekend we saw luna, i guess 2.0 go and it like already is like selling off pretty aggressively all right. Are we gon na get this bounce? Someone said they just bought 10 000 shares of amc good for you. Those are some deep pockets.
Those are some freaking deep pockets. I kind of want to get some amc calls just for like the heck of it, the fun of it. I i really just wanted it to quickly gap bill. That's gon na be so frustrating. It was off by three cents: three cents and missed its gap, fell by uh. People are talking about rdbx uh. It's not really moving today, all right tesla. How are we doing on that? One uh, the tesla one is already up 15, we're already up a thousand bucks nice.
Can you guys see this if i switch it over so basically on oxy we're up 148 percent on tesla, we were up are currently up 16 on the trade we just placed and on veru we are down 32., so up 600 up a thousand down 300 uh. Those are the current live positions: nice, nice, nice, nice, nice, nice. Basically, i'm just looking for tesla to react to 765. That's what i'm looking for tesla to hopefully test and break and rip back to 775 or maybe it'll get smacked where i should probably just burn a day trade and lock in some of my gains just bought one trillion.
Amc shares hey. I don't get this. Someone said jimmy is the play: not amc, wake up already um shiz labriz. Do you actually mean that or are you just saying it because you're a keyboard warrior and you're, trying to like argue with people on the internet? What is it? Do you actually believe it? I'm curious, i feel like it might be.
A keyword keyboard warrior, take a look at paypal. All right, we'll do that the leadership is very different. What does like? Are you saying that there's only one play like? Is that your shiz i'll, let you in on like a little secret in this particular chat? This particular chat room uh from extensive statistical research. This particular group they do have the capability to handle more than one play at a time.
I know it's crazy. I know it's insane and you might be thinking i've never heard of that before but, like i said, through a lot of deep research, all the people you see chatting right now i have i shouldn't say: borderline like it's legitimately happened: i've stocked every single one. I've requested their resumes. I've looked at their sat scores.
I've talked to their three references. I interviewed their previous managers. I've interviewed their current managers, i've interviewed people above them in their corporate hierarchy and the people below them, and if they're not working, i do it with their social circle. I thought every single person in here i've watched them extensively without them, knowing they they just like.
Look at them, sats acts um all their midterms tests, quizzes everything from as soon as they started elementary school. To this very moment, i'm watching them. I just have files and files and files on these people, and really the only way to get in here is people who truly have the ability to watch more than one equity. It's uncanny, i know you're probably like holy.
I didn't know. I could do that. I thought you could only have like one equity on your mind at all times, and i know yeah like i. I could understand how this is jarring for you, but um. Everyone in here has like past a certain intellectual level where they can walk and chew bubble. Gum at the same time, so just keep that in mind, but our leadership team is completely different. Do you think you're like surprising anyone like do you think anyone in here thought both companies had the same leadership team, of course they're different? No, no one in here is like, but hang on. I thought the leadership teams were the same.
I thought ryan cohen was adam marin. I thought matt furlong was that english dude, who speaks on the amc earnings, calls that no one really knows his name, but he sounds like he's like english or australian or something walk into lies. You need to put on your goggles when you're talking uh. When things start ripping i'll put on my goggles, i'm not gon na ban him shiz labriz, i'm having a good day, i'm not gon na ban him.
Maybe he just like was truthfully confused. Maybe he didn't know you mean jimmy. Is it a movie theater yeah early research is showing that gme is in fact not a movie theater. This is top tier matthew.
Perry sarcasm is this: how amelia earhart felt traversing the atlantic walk and she was my superpower all right. This tesla play was working until it wasn't. I i need a higher load to be put in. Why didn't? Why didn't people just tell me to wait my normal 15 20 minutes.
That would have saved me a lot of headaches. I always do this. I feel, like i, make a dumb trade to impress all of you people all of you people way way too early, and then i spend all day fighting just to get like out of it. How does this work? If i i need to button up just in case flight gets a little like it's a little crazy.
You still look like number three from multiplicity. Is that good or bad? Do i want to look like number three? Can amc just quickly, gap-fill and then bounce? I don't think this is right. I don't know i don't see any real pilots who ever strap this in. I think they just do it for fashion sup man.
Finally, some life in amc yeah - i would love for this to just bounce and rip right here - would make my life a whole heck of a lot easier. Oh there, we go all right, we're strapped in for flight. What the spy i've been getting hit more for swearing lately on streams, youtube gets mad about, it gets real. Pissed gets real pissed all right magnets.
There's a lot of demand for magnets in here. All right. We got one all right. I would love for tesla to stop being a two.
All right, amc just got its gap, fill just got its gap, phil three, all right. All the magnets are turned on. We have all the magnets all right, so amc gap filled now. Let's move on with our life, the only thing that's green is oxy.
Everything else is just red, like the spy needs to pop once the spy recaptures. It's going right now. 4. 11. 50.. All right! Well, while this is all playing out, i need to make the magnets green, so they work. Should we try different colors? Should we do be scientists and see what color works? The best we'll do green, we'll do blue that's purple, we'll do blue and we'll do like a yellow, all right. We're testing out four different colors we're gon na see which one works the best.
This is how scientists do it. We're gon na see how scientists really pull this one off mullen. Dude is mullen. Doing anything mullen is doing something geez up 42 holy.
What am i looking at? This is actually like kind of hard to see stuff and i'm not gon na lie. I'm just picturing one day in a i'm picturing one of you like going to your financial advisor one of your days and you're, like hey, like i heard about this stock and this stock and this trading strategy and they're like oh who'd, you hear that from and Then, like this is the day they decide to search me like your actual financial advisor is like: oh, they like. Oh, it was interesting. A couple.
Clients have been like said that they're really into energy plays lately like, and it's all because of this mac horse kid. I'm like wonder what mac is all about and like today is the day that they're like. I think i should google him and then this is like what they see. That has to be jarring, to say the least they're like where, where am i, where did i go wrong in my life, my mom and my girlfriend are convinced.
I'm a dj, we're all degens, if you're in here and you're, not a degenerate. Oh folks, speaking of uh being a degenerate, i was a degenerate over the weekend and i played poker um. I don't know if there's any people from like pennsylvania, but i was at a place in mohegan sun, which is near wilkesboro uh. Do we have any wilkes-barre, slash mohegan, sun casino people in here uh, because i was playing some poker on saturday and i kicked ass.
I, like i, really kicked ass. Actually, here i'll just post something on twitter really quick, so you guys can see how much uh where's this picture add money. Printer goes money. Printer goes burr um that sounds sketch.
It's a little sketchy for sure. Um, wait! Where's my twitter where's, my twitter. Alright, here's! My twitter um, so we were so i played and i destroyed it at poker. This is what your boy got to walk away with.
Um. Do i really know the rules of poker not well like i know them. I can't say i'm like completely uninformed but, like i know just enough to be dangerous, as in like i know the rules and i know what to do but then, like i'm, not i don't have the wherewithal to know like if i'm doing something stupid or not. So that, like, i feel like it's really difficult for good poker players to actually play against bad poker players, because you just don't know what they're gon na do and i'm that guy that you're, just like that, doesn't even make sense like. Why would he possibly have done that um? So that was me, and i think it made it very, very difficult for people to play against me, because i was just like uh like i just go all in way too many times just way way too many times. Um and then i have like the most uncanny luck to win on the river they're. Like hey man, you need like two cards to possibly win and there's only one more card going down on the table and i'm like sick and then they would give me the river and i would hit the river and i was like i would win. I was like, oh that sucks that you bet against me when you were ahead this entire time from, like your cards being dealt to literally this moment on the river you were winning and then i ended up winning and then that pisses them off yolo hand every Hand matt hit me dealer, sir you're playing poker uh yeah.
I kept joking about going all in on a 7-2 off suit and they're like hahaha, and for those of you who don't know about poker when you're being dealt a hand. The two worst cards you can get are seven and a two and like non-suited like different from each other um, that's the worst and you can be dealt to get going, and i kept joking about that and then the one hand i was dealt a 7-2 off-suit And i went all in and they thought i was joking, so they just folded and then i showed them a 7-2 off-suit and, like i got like at first like a little bit of a chuckle, and then i could tell that that was quickly turned into anger. On their part, yeah, they didn't like that. So, if you're ever playing with me, 7-2 off-suit there's a good chance that i'm like actively playing it.
How much did i win uh? I started with 300 and i left with 14.72, so i made almost 1200 dollars. I played the 7-2 off suit like pocket aces. That's the only way to play it. They probably saw your tesla play.
Arguably i am a better now based on my like minimal times of ever playing poker, i'm probably statistically a better poker player than i am a traitor. Is that actually called bad manners on like you're, not supposed to do that in a poker, but like? Are there really like bad men or things like i'm, just like i'm playing a 7-2 off too? If anything, i'm giving them it is, i kind of feel bad about that, like i don't want to have poor etiquette, i just thought it was funny uh, it's fake anger. Uh, oh, is it buffering for you guys? What's going on? Oh, oh, oh excellent, connection stream. What is going on here, uh did i get kicked off of no data.
Am i back, i think i'm back. I think i figured it out what's going on. I think i'm back. Please say i'm back, am i back? Can you guys see me? I'm back all right.
I switched my server we're now on a new server. Let's hope that this server holds stream. Oh wait! What's going on here, i don't understand matt in real time. Delay hang on hang on. Let's.