Foreign, Foreign foreign. I don't know. hello hello hello. It is time to wake up for potentially one of the most important episodes we've had in a while.

There's craziness in the banking sector, there is a lot of insanity in the banking sector. and if I'm being honest with you I slept like six minutes last night and I was trying to do as much research as I can to understand if this is something being overstated by social media or if we have a legitimate opportunity here and I don't know I don't have a crystal ball I personally did not trade through 2008 and 2009 and I'm just trying to get a better understanding and I obviously also understand times change. they really really do. And I'm just trying to understand if this is an opportunity where I'm willing to put x amount of dollars on the table if you bet a thousand dollars.

Well whatever if you 10x it yeah you might make 10 grand which is great and you're only going to lose a thousand which is something you can bounce back from. On the flip side, it might be an opportunity where if you put on down serious money obviously your risk is way way higher but it could pay big and that's what I've been wrestling with all night. I've been wrestling with the fact of is this another just day in the market and you shouldn't take that type of risk or is this a unique opportunity that maybe we haven't seen something similar to this since 2008 and 2009. I myself as a Trader as an individual am not going to stop Banks from collapsing I Don't wish it upon the people using those Banks I Don't wish it upon the management running those Banks I Don't wish it on the people in the community who rely on those I don't It's just I'm not going to be able to stop it and me being able to make money for myself, my family.

It's just it's not going to switch the situation so I might as well make money. Me doing something doesn't make the situation worse. It's not like I'm the one going there and taking deposits out of the bank, which is what we're seeing in the regional banking sector. uh, Pacwest.

For those of you who missed it is got decimated last night. They are exploring strategic options and they are now that they drop 50. I Think they're bouncing back a little bit, but those puts are going to be printing this has nothing to do with banking I just want to bring it up I still have those IEP puts. In fact I bought more YOLO IEP puts and IEP Carl icons I guess company ticker symbol that's coming down.

but now I'm thinking to myself I'm looking at Kre which is the regional banking ETF I'm looking at a Western Alliance ticker symbol w-a-l I'm looking at First Horizon FHM which is the bank that was supposed to merge with TD And then just this morning they cut the deal so that's down a lot. I'm looking at MCB another one that's just taking a big hit and I'm trying in my mind to understand if I want this opportunity to be real or if it's actually a real opportunity. Uh, once in a while in the markets I Mean if you've been following me ever since, the AMC Gme craze like that was a huge opportunity where a lot of wealth was generated for the people who were paying attention and knew how to play it right. Those opportunities don't happen all the time.

I'm trying to Now understand if this is another opportunity and I can't I don't know. Like because yes, as a human, you want it to be true. When you're trading, you want every single trade to be some crazy, amazing, awesome trade, especially if you're trading options. If you're trading options, there's a little part of you that when you're going long on a call, when you're going long on a put, you just have these visions of grandeur that it's going to explode and you get tens of thousands of the percent return.

It doesn't happen like rarely, it can happen, but it's a huge Rarity and I'm just trying to almost do it my own psychological evaluation here and understand if what we're seeing right now in the banking sector is the once in a lifetime opportunity? Well, I guess depending on your age, maybe twice in a lifetime opportunity or if it's just something that like, we want to be there and in fact, I'm basically trying to figure out if we're being lied to I bought FRC Many of you know that because I looked into FRC after it dropped a lot I was like wow, this is a good bank then I listen to the US government, I listen to the Treasury secretary and I listen to the FED all three of whom told us everything is strong and resilient, the deposit outflows have pretty much settled down and we are A-Okay Well, it turns out that was a lie. That was my mistake. That's a mistake I ideally will not make again in the future I was too naive to believe or I was naive and it was showcased by the fact that I trusted him, the government, the Treasury secretary, and the FED all three who told us everything is fine. That was my mistake on FRC believing these people in positions of power.

I was naive. That was stupid I'm still probably naive, but hopefully I won't be so naive to make that mistake again. We've joked about it a lot, but that's why I went against Pac W because I was like oh, it's the exact same situation. Once again, we are told that the deposit outflows like hey, everything say okay and we're being told by all these people in positions of power that everything's fine.

So I realized oh wow, this is what happened a mere couple weeks ago. Don't make that same stupid naive mistake again. So I win against Pac West I Did it all live here with you I Explained it I was like I'm basically inversing myself because Pacwest another arguably legitimately fine Bank And it's going down. And yes, a lot of this is the self-fulfilling prophecy of people being very scared.

they see the stock going down. We don't know how long the FDIC Insurance folks I looked at it and like depending on the sources you're using, deposits in the US is anywhere from like I think 10 to 17 trillion dollars or something like that and the FDIC has like 250 billion in Insurance Like they don't have that much in Insurance Like the ratio is massively far off. That's actually something we shouldn't investigate today. I Want to do that? Live with you Understanding how we should dive into that I Want to show you the discrepancy between how much money is in our insurance system here with the FDIC and actually how much money is in banking.

and this is like just the massive downfall of fractional banking. Which right now we're not even at fractional banking. As you guys pointed out a couple weeks a couple months ago, they don't even have to have like a a percent now anymore. It used to be like 10 which was already low, but ever since the whole quantitative easing push this fractional banking, they they can do whatever the hell they want.

It's crazy. We've almost got ourselves into this like super illogical financial situation in our banking system. and now with the Fed so aggressively hiking up rates, it's just putting too much downward pressure and we're starting to see series cracks. We're not seeing a little bit of pressure, we're not seeing a little bit of a bed.

We're seeing serious cracks of the overall system. and there's just so many different aspects to it. So this is why I was up because there's so many things to think about. I'm thinking about individually.

Can I make money? and then that kind of makes me feel like because I know that there's people who aren't paying attention who could get seriously hurt by this. especially if we don't do the FDIC Insurance above 250 000 anymore. If they say oh no, we're done with that. We ran out of money.

There's people who are going to get burned here, so that makes me feel like kind of a shitty person. Then I think about how it's shitty that they're lying to us in general. Then I think about how it's shitty that we even have this fractional banking system anyways and just away from Bankers to make more money. They're not like really protecting you by any means.

Uh, there's just so many things and then our politicians are training him I Covered it in the update video yesterday. I Don't know how many of you saw it, but 18 different politicians basically. Within the past month past six weeks have been trading Financial stocks, most of whom are avoiding massive losses. Perfect timing.

They are getting out like right before in 80, 90, 95, 99 dip. So you have our politicians insider trading This You have our government, the Treasury Secretary, and the FED all lying to us. You have real people who are going to get hurt here and then what. We're just supposed to be told that this is normal.

Like this is fine. This is our system. This is how it should all go. That's like where we've come and like I just don't get it.

It blows my mind. It blows my mind. So I don't know if I'm being stupid I don't know if I'm thinking about this way too much I don't maybe I'm not thinking about it enough. but I guess my question to all of you and I don't mean this rhetorically.

I mean it's like very legitimately I would love to have this conversation with all of you is do you think I've gone too far off the deep end? Do you think uh, no, it feels like maybe you drank the fear mongering. Kool-Aid a little too much. Or do you think actually like we're about to see a huge, huge issue? a systemic issue in the regional banking sector? Because if it's the latter, that's a lot of problem. But we're not going to stop it.

We might as well protect ourselves and try to make some money off of it. I Just it's a huge issue. It's real. You are good.

More more. Kool-Aid Huge collapse. Um I'm thinking about this a lot and I part of me wants to bet serious serious money against this and see if I can like make serious money. and then I'm having flashbacks to like when I did this type of with AMC and I went up.

serious money that worked. and then because the societal pressure like I was afraid to pull out. and then I ended up losing a shitload of money. so that was beyond frustrating.

So then I'm thinking about that. I'm like is this some weird, like long-term Revenge scenario. Do I want this situation to be so true? so I can make back like the shitload of money that I lost on AMC Oh let me just so many things to consider. There's so many, so many things to consider here and I guess we'll see.

We'll see, we'll see, we'll see. Uh Eve Come buy something. The dominoes are falling perfectly in front of us and then there's a timing thing. Like you could be right on this, but what if it gets kicked down to like right after your puts expire Even if you get put? What about this scenario? What if you get puts, you get the timing right and it goes in your favor and then all of a sudden it's not trading and unlike FRC it doesn't go to the OTC market so you can't close it anyway.

If you there's a very real shot that if you have serious puts on Weeble or Robin Hood there is a very real scenario that even if all everything goes right, you might not be able to get your money unless they oh like because you're not allowed to go like net short, they don't allow you to short. so then you have to be on a legitimate brokerage. So then I was up early this morning I was wiring money into Fidelity because I know Fidelity will allow people to go short because I don't I'm trying to avoid that but I'm just calling this all out to all of you. There's so much going on.

this isn't it. We are watching Banks collapse. This is absolutely insane. Let me hang on.

I had a picture. Well I mean you saw the Snowman picture. Let me bring this up for you. How Wild is this right here? Hang on top right? This is what happened in 2008 and 2009.

All these like guys were collapsing. This is what we've been having right now in the past like six weeks. Signature: Silicon Valley First Republic This snowman is about to get way taller. We're about to most likely add pack West to it.

There's a very good chance we can add Fnh FH into it. There's a very good chance we could add Wal to it. There's a very good chance we could add MCB to it. This snowman of bank failures is: Gonna Get Huge Huge.

I mean 110 billion, 209 billion, 229 billion. So no one's been bigger than Washington Mutual 307. But the total mass of it we are. Clearly there's a very real shot that we could eclipse the size of all these failures.

Also, the icon one is going pretty well, but I don't know there's so much to consider and I really, really would love like. There's a couple things that I want to share with you before we go, but by the time the Bell goes ding ding ding ding um I want to hear your thoughts I'm still short IEP Actually, here's everything I have before the Market opens. Uh, so IEP I did more degeneracy right here before the market closed yesterday. I got 25 more puts so I have 10 from the initial position I closed half those are up 835 Pac-w I was up 200 before the craziness of last night.

Uh, so I got in at 45 cents. I'm assuming these are going to be trading closer to three bucks or north of three bucks. so the Pacw is going to crush it. Uh, and then the other yellow I got into like I said is 25 of these.

Uh, reaching a little bit, the account has gone from 5K to 24K as of yesterday. within like at I'm saying Monday morning this account was at 5K Monday morning of this week folks it is Thursday morning and that's already a huge multi 100 gain and now I'm thinking maybe just maybe it's appropriate to take all of this and put it back on the table and I know that's stupid. that is not risk management but once in a while you're given an opportunity and I I would feel so if I could take 25k here and all of a sudden if you could get a multi 100 gain on that I mean we could be potentially talking about a six-figure game like I'm really like I know we're here and we're talking about risk management and that is great 99.9 of the time. but to make like real wealth sometimes you have to push the chips back in and I'm just trying to understand if I want this opportunity to be so real or if this is actually a legitimate opportunity where it's worthwhile to push it all back in.

um I'm really really thinking I'm really really thinking about it. uh but I do want to go over a couple things I just thought were interesting Dow futures fall 100 points after Fed rate uh Heights rates they went up 25 bips uh and also early this morning the ECB they also raised theirs by 25. theirs by 25 so e ECB following suit here with the US jacking up interest rates. And here's what they uh here.

This is a nice little rundown of what the FED had to do yesterday. We covered the whole thing. It was a debacle. You could see it just from not only the market following, but a lot of stress on individual sectors.

This looks to me like a pivot, but we got this financial issue now sort of hanging over us so that even a pivot is not going to just make us feel absolutely great. Although only 300 and some points a day before 270 yesterday, you wouldn't call that a huge reaction. And lisman the the disbelief in the FED being at five and a quarter widened yesterday. Right now, what's the difference between the oh, destroy the like button folks.

Help me out while we're watching this destroy the like button. And don't forget to subscribe. We're going to 64, 000, 69, 420. call up your your spirit, call up my spread okay, and take a look at it.

You made up your notes. It is currently uh, updating right now. Joe But uh, so the Gap. Let's see where the January 24th.

You could probably call it up in the back there guys. it's January 2024 Fed Funds contract while this thing warms up and it was like 75 or 80 base points. There you go. So oh wow, it's even more.

430 minus five? Uh, and an eighth is 82 basis points, 83 basis points. So that's the disbelief at the year end right there and you know you're on TV Yesterday did you know that I I did I think you were on TV with Jay pal I saw you but I thought the whole press conference. What what I thought was weird was when he kept saying when people were saying are you pausing he goes no, we raise rates today as you saw so that is not specifically a pause and it's like we understand that Chairman we didn't mean did you pause today we meant are you pausing Now with this and the way they sort of they Dodge things, why do they Dodge because he's hedging his bats. you said it in the in the middle I never did but I just thought can I can I reveal what you said I'm not sure off the Record it's a makeup room.

What happened without the curse words that you threw at me? No that's not exactly what I said. There was not much time and only one makeup person. that was the very strange thing is yesterday right being nice and it was. But really what? what he was saying So much of nothing he was saying so much of nothing.

one strong job support and the FED will be back to hike. He'll be back to hiking so that's why he was hedging his bets. Now back to hiking. Some people think is that Powell was not has not taken the banking stress seriously enough.

Yeah, um and maybe we just. well yeah, we passed on what I was going to say in my in my description. But here's what we wanted to do. How about this.

What if we played guys? I'll tell you cue up the sod from Powell which has that back and forth back there if you can. Oh cool. run that when you're on TV yesterday No, no, this was oh okay. He said something about are we there yet? are we not there yet? Like and then we can talk about that on the back side.

Guys: are you ready to do that in the back? Let's just run what Powell said. This is good people did talk about pausing but not so much at this meeting. You know that were I mean there's there's a sense that we're we're that. You know we're much closer to the end of this than to the beginning that you know.

as I mentioned, if you if you add up all the tightening that's going on through various channels, it's we. We feel like we, you know we're getting close. or or maybe even there. So there you go.

that's the that's what you were talking about I know. So it was like you didn't want to give it up. like the rope-a-dope though. It's like, uh, do you think he saw Friday's job setup? No.

I I I Unemployment report comes out tomorrow. Remember he kept it a possibility because Friday was going to be. Remember, it doesn't matter how many people we employ, no matter how many people we have to employ. It's a labor.

It's a supply thing, right? A Labor of employee and people into the labor force. We could pause it there. But yes, tomorrow morning, an hour before the Market opens, we get the unemployment report. Uh, as of now, the Dow, the S P and the NASDAQ are all just slightly red oil coming down.

I Think my Oxy position is basically blowing up. For those of you who care about seasonality I Want you to know that today, from a seasonal perspective, it does favor the Bears. Over the past 25 years worth of data, the Bulls have won 44 of the time, the profit Factor has been 0.48 and this is what it looks like. As like if you were to buy it open and sell it close, this is what your profit.

Your Equity curve would look like if you did this the past 25 years. On this individual day, what you're looking at right now is the locals page. We are ideally within Today, tomorrow the next day. Something like that, hitting the content creation goal of 69 420 Subs on Rumble.

So if you're watching on Rumble right now, destroy that sub button. Obviously, it's free. We're very, very close. Actually, where are we at right now? Let me double check: I Think we're we are at 69 245.

Uh, so we're getting there. We are getting there. We are getting there. We are off by less than 200 now.

So if you're watching right now, hit the sub button on Rumble If you want to help out with this goal and just as a way of me showing my appreciation because I really do appreciate all the love that you guys show, we will be giving away a 100 gift card to Texas Roadhouse and we're also going to be giving away some Moon gang merch. All you have to do if you want to enter this giveaway. It's simple I just need your Twitter handle basically just your Twitter handle your email your Instagram handle just a way I can reach out to you so I can give you if you are the like the prize if you're the selected winner Uh, to get in on this, it's Macquares.locals.com It is pinned to the top of chat It is in the description of the video. Uh, there's a free membership.

There's a premium membership that's only ten dollars a month, but you could also get the premium membership for free by putting in the code Goonie G-o-o-n-i-e If you're watching this right now, join up, Join up. It is free Macross.locals.com pinned to the top of Chat in the description of the video. If you want the premium membership for free, use the code Goonie once again G-o-n-i-e Macquares.locals.com Uh, obviously we're going to be doing a giveaway and we'll do the giveaway right as soon as we hit that goal on Rumble So if you want to help hit that goal, sub on Rumble If you want a chance at winning, uh, awesome gift card to Texas Roadhouse You know what to do? Uh, so just want to put that out there. We do have some earnings, but I don't think that they're really of interest to us today.

so I'll just quickly rip through these modern post surprise quarterly profit despite waning demand for RONA vaccines. Uh, the major thing people are paying attention to is after the market closes today. Apple If Apple somehow missteps I cannot explain how screwed we possibly are like we are very screwed I Don't think they're gonna miss I very much actually think that Apple's gonna be. but I just want to say if they miss, oh, we are absolutely screwed.

Look Out Below Look for things to fall and fall and fall. so pay attention to Apple earnings after the market closes today and now let's get into the thing that everyone's talking about. Thanks Regional Banks And the failure of regional Banks Pacwest tumbles more than 35 as Bank says, it's considering all options. So this came out after the market closed yesterday, and this is the exact same rhetoric that we've seen from a slew of recent banks.

That basically is their first major signal, their warning flag that their about to absolutely collapse. Pacques said exploring all options as the stock tumbles in the wake of the First Republic failure. the California-based bank said it is in talks with several possible partners and investors Pacquest that has not experienced out of the ordinary deposit flows after first Republic's bank. So we've seen this, but it seems like it was all a lie.

We've heard this before from other Banks and it turns out they were lying. So I would take this statement with a great assault of not seeing out of the ordinary deposit flows. there probably is serious ones. Uh, once again, we've been lied to before.

with this. What I really want to articulate here is they might be exploring other possible partners and whatnot. but understand that the based on the precedent that FDIC has set, there is no reason for any larger Bank to step in until it basically goes into receivership, Because why pay a premium Now where you could wait a couple days and buy the entire bank for cents on the dollar? The precedent that the FDIC has set in this scenario is extraordinarily dangerous. and it's also set it up that the big players J.P Morgan City Bank of America Wells Fargo the big Four.

They're not going to do anything until they're serious serious pain as in receiving receivership. Why would they buy it now when they could pay a fraction of the price in a couple days a couple weeks if they ever go into receivership, that is the President that they just sat with the FRC and all that stuff like right now. why would anyone pay it? It doesn't It doesn't make sense at all. so we'll see how it all goes.

But man, it's going to be brutal. It's going to be absolutely brutal. I Don't see anyone stepping in right now whatsoever unless they are as high as a kite. Oops.

Regional Bank Stocks continue to slide on Thursday with Pacwest leading the way down 40 percent. so a lot of people are watching Pac West They're walking watching FHN for Horizon They just pulled out a deal. uh, they were supposed to get acquired or murdered or whatever with TD and then they were citing regulatory issues. They were.

it was Mutual So they're getting screwed. FHN uh, wall is up there. Kre is the entire ETF tracking the sector and then Zion I Don't know much about that, but check out what's going on in Regional banking today because it is absolutely absolutely insane. We don't have enough time.

so I'm going to come back to this video. The thing that I find most disgusting out of all this. it's not the regulatory oversight. It's not just the stupidity of people driving this bus.

It's the fact that our politicians are trading. right now. Our politicians are trading on this entire event as if they're just like us trying to follow it and figure out, no, Obviously they know what the going on. It is.

Disgusting. These people. Every single politician who is trading Banks right now deserves to be fired and then tarred and feathered. This is so disgusting.

What's going on and they're their own. Watchdogs Like it doesn't matter if they're left right I Don't give a. They are absolute pieces of trading on this information. More than 18 politicians have been actively trading Financial stocks within the past week.

Within the past four weeks, Within the past month and a half, they've been trading it, saving themselves a lot of money, and then some of them have even been making money by getting into the bigger banks that are going to benefit off of this. So we have these lining their pockets on this deal right now in front of us. They're doing it in broad daylight. Do you know how sociopathic you have to be to be this blatantly almost egotistical.

They're doing it abroad like they're not even attempting to hide it whatsoever. We they, they know we can all see it and they're still doing it. We're going to come back to this because it is a bit of a longer clip. Disgusting.

Absolutely disgusting. Uh I Need you to know that yes, uh, hour before the Market opens tomorrow we have the unemployment report coming out that will have a big impact on the market. So pay attention to that. Five things to know before the Bell opens today.

Not enough. This is talking about the FED A lot of people not happy with what's going on. Pacquest essentially on the brink of failure. Hey look an IPO I didn't know what IPO is this I don't know anything about it, don't really care.

After the market closes today, we have Apple's earnings and Google gripes uh what is this? Uh, he made a shitload of money blah blah blah blah blah. Doesn't really seem like it matters much today. uh I Feel like the major thing people are watching is the fact that we have Banks failing. We have crypto kind of ripping on the news.

actually we have Bitcoin he got up to 29 000 we had ether got up to 1900. I Don't know the last time you guys checked in on Pepe I now have a small piece of it just because it seems fun Pepe The random meme coin is ripping. We live in a world where we have a random meme coin ripping as legitimate banks are failing. so here's Pac West currently down 44 wall I have no position on Western Alliance is bouncing back a little bit but I am personally interested in getting some of these puts today so we're going to see how that goes and then you guys know me.

I've already been betting against IEP which is Carl Icahn ever since that Hindenburg research hit piece came out I dove into it I side with them I think they called icon on his and obviously that's been getting absolutely pummeled. so the Bell just went dingety ding ding ding ding ding ding ding. The casino is open Play responsibly if not have fun. But seriously, be careful because this is absolute insanity.

And uh, here's a quick shot of my account opening up. uh, the Pacw, it was up 200. They're now up 350 percent. so I'm up 3.5 K on that.

Uh I got in at 45 cents. they're trading at two bucks IEP I got it in a dollar they're trading at 11. I am. literally up a thousand percent on that play.

and then the YOLO IEP play I got in at 70 cents and they're only up a little bit. Uh, so the open P L is up 10K the account's now trading at 28k and I started this week off with 5K uh so just massive gains obviously Matt like it's just that's what you get when you have this type of, like, truly insane volatility so we'll see how it goes. IEP I'm looking for this to come down to 20. and I'm trying to understand I guess I want to talk like so here's the plan: Uh I'm gonna let the market open I'm going to try to be calm, cool collected here I Want to know if I'm being smart, if I'm being stupid? Uh, but I want to talk with all of you I mean everything's halting.

You can check that out. I'm in Zynga Benzinga, All the halts are going to be popping up right over here. I'm sure we're gonna have a lot of halts today. I would be very surprised if we didn't So I'm looking for IEP to collapse to somewhere between 18 and 20.

Really? 18 and 22? That's my target range on IEP I now have 35 puts there pack West I still have my 22. I should probably at least cover my cost basis over there. Um I'm trying to figure out what I want to do today trying to figure out what I want to do I've been watching Wal I've also been watching Kre oh man, everything is just. where's the real opportunity? like I don't know if I'm just chasing here, but we did have that major breakdown.

This is what I'm watching on wall wall did just have this breakdown like if this starts to vomit I mean wall went as low as eight dollars, then it bounced back up to 40. that could be a play that's crushed. Fidelity Do I want wall? Whoa whoa whoa whoa Oh wow. The bid in the ask on this stuff like the spread.

is it like the volatility is just through the roof right now through the roof? The spread is disgusting. Uh May 26th Open interest and volume? Yeah see. This is part of the issue with like the spread. I'm looking at the bid ask spread on some of this stuff on wall and it's just so so.

Roll over I Don't know man I don't know I don't know I don't know. It's gonna be hard to get into some of these positions. Options: uh what do we have? Yeah, this spread the bid in the ask is spread by like a whole dollar right now. So wall is it better just to go with Kre? maybe? Ah May 5th What do I want to do? Kre The spread's bad but it's not as bad bad but not as bad.

What about another one? What about F What was the other one? F H M F A Tran that got then annihilated. Uh MCB MCB MCB and Wal I Like this one, the issue is is the puts on wal are brutal. You just got four puts on wal. Someone just said that the issue there is like the spread.

like the options are just disgusting here. foreign. We do it a little bit closer. Man dude, the spread is so brutal.

Where's Wal at? Is that 26 dollars? Oh man oh man oh man oh man oh man oh man oh man oh man oh man. Oops didn't mean to do that. Someone said they're going long today Godspeed Spy There is that upside Gap Bill I Forgot to tell you guys about that. There is an upside Gap fill on the Spy to 407 77.

We're having a bit of a gap down. a bit of a gap down. so yes, statistically, that is a strong play. We have an upside Gap filter for 15 27.

We have an upside Gap filter 407 77 The next downside Target I have is uh, the mid 405s and below that, we have another downside Gap Bill to 401 60. these are the major levels I'm watching on the Spy today. a little bit of a gap that I'm once again Watch 407 77. Pac W open back up.

Halt it again. Uh uh fine. Power huh? June June June June June June 200 And oh man. All right, we might as well do a poll.

We might as well do a poll on this I'm nervous. Uh, will more Regional things collapse soon. Yes, no oh man. June you guys are pretty pessimistic here.

June Ten dollars. Oops. Bye to open Hmm. ten dollar put for the June monthlies they're 200 each 50.

pack West I think I need to do it I think I need to do it. Did it hit Order to buy 50 w a L puts ten dollar strike mid-june filled at 1.99 filled at apparently a dollar Ninety nine I just got Wal puts I just got puts in my other account with that kre it man I might be going on tilt. This might be one of the smartest trades in my career I Don't know, but we're going for it. We're going for it.

we're going for it. Kre so kre. Oh, those are cheap. Hang on I'm just placing these trades.

sorry for being preview all right. I Just got some kre puts all right. So I have some wall puts I have some uh KR E puts I'm doing this on Fidelity I'm actually legitimately worried about like doing some of the like the sizable bets on Weeble just because if the stock is stopped I you might not be able to manually exercise on Weeble or Robin Hood So I'm just trying to protect myself a little bit here. Uh, did this trade go through? Yes I have a hundred kre puts and I have 50 wall puts folks I am in no way by any sense of the word telling you to follow me at all.

Do Not Follow me. You have to understand that this is a super high risk play I'm only betting the money that I am comfortable losing. Do not bet more money than your comfortable losing I'm putting money on the table that basically if I don't get it back I don't get it back. that will suck I don't want that to happen but I Do Not follow me.

You guys complete. You saw me completely mess up off FRC I'm not some sort of like expert Trader that it's like viable to follow all of my trades sometimes I get trades right sometimes I get trades wrong I wish I had even more right I wish I had less wrong. but I'm I'm in no way saying to copy me on this like I Want to be very, very clear about it Very very clear I'm just letting you know what I'm personally doing MCB What was that other one? Zion Zion's not 20. Zion Bancorp Three Billion dollar Bank Zion What's the deal does anyone know anything about Zion Zion's Bancorp off the top of your head but you're the best Trader On this side of the Mississippi we're gonna find out team we are going to tie find out if I am being smart or not Zion Zion Zion Zion How much is Zion down right now? Zion's down eight percent.

Here's the daily on Zion So you have Zion you have MCB Metropolitan Bank you have HFN aphet. This is another one that just might be getting murked here. Jesus Carrie I already got that one. So I what I've done today is I've gotten wall puts and I've gotten kre puts sizable bets at least for the amount of money I have in my fidelity account.

That's where I put those I still have my IEP puts um, those are obviously paying I saw my Pac W puts. obviously those are paying um FHN he what is key? is this another Regional Bank key I mean dude, these are all on tilt man this is scary. This is some scary FHN They lost their deal this morning with uh they lost their deal with with with with uh Team brother that was my I guess my algo account going FHN 100 How much are these trading at 1.20 5K divided by 120 we have 40 of these buy to open Market Preview All right I got some FHN Do you think Kres is the safest bet it is? Uh, because like if that's just the whole ETF but I have those I got Kre So I just picked up Kre the overall: ETF I have puts on that I picked up Wal because that one seems to be the one that's like particularly on Tilt right now. uh so I picked up Wal I've already had Pacwest I already have IEP this isn't a bank Kres the overall ETF I picked this up uh I picked these up I just picked up afit FHN this is one that lost its deal with TD this morning.

uh and then I have I guess room for one more I have like one more shot here MCB ah man oh man oh man this is some insane stuff. If Zion cracks 19 that could be screwed if MCB I guess I could split it between the two. Hmm what other bank are you guys hearing the most? about? hearing the most about hearing the most about are they talking about it I need like one more bank? That's like really getting here. All right they're talking about J J I don't care about that.

So the only reason I know about Zion is because it was in this article right here: I'm already betting against pack West I'm already betting against Carrie I'm already betting against a fetch AF F H n I'm already betting against wall I'm not betting against Zion yet Maybe I will I don't know. Wall halted down Zion I don't know anything really about Zion how big is Zion market cap? uh uh at Mcb's 211 million Zion's a bigger Bank All right I think it has to be Zion All right has to be Zion has to be Zion where is Zion Trading Zion Zion Zion 200. All right, just a little position on Zion These just do not have much open interest though or volume. really 275 .

20 of these Market oh wow that one. just what are we doing? The 15 puts okay I'm done I need to cut it off there. it just got filled. So here's what I did today.

all right now that all the positions are laid out I'll be able to explain everything. Wow! those just popped. Everything's turning there FHN turned around spy turning kre turning. but I mean I bought myself a ton of time I bought myself.

Um, almost all of those ones that I just got today were for the June monthlies and that's six weeks out. Uh, I I wasn't playing some sort of like YOLO zero DT situation because I have in all reality no clue how long this will take to play out I hope I did it at an appropriate time I Guess we'll see, we'll see. Um so what? I did today? Let's quickly review. Uh, so for the longest time I've been in IEP I've just been in this one because um, the Hindenburg research.

this isn't a bank, this is Carl Icahn Hindenburg Research came out with like a kind of a hit piece against them. basically saying that all of their was bloated uh and to just show you my position on that IEP I'm up one thousand one hundred percent I cut half the position I had 20 I cut 10 to lock in whatever I locked in I think like 6K and then I got sell a lottery ticket and I bought 25 more of these and those are currently up 21 on those lotto tickets for May 19th. Uh so that's up 11k. that's up 300 and then also for a while I've been in these pack West puts and by a while I mean I think I got them Monday uh they're not new today.

those are up 472 percent. Uh, got in at 45 cents. they're trading at 258. so that's the current position on Weeble These are the ones that I've already had I did not create these today and they're part of the reason why this account's gone from 5K to 30k this week.

Monday when the market opened Monday this account was at 5K now because of IEP falling and because of Pacques falling, it is up to 30k. Obviously a gain of like 25k as of now if I were to completely liquidate now in reality what I just did uh in terms of the other account in term, uh I got involved in a now let me just run through everything else. So the first thing I did was I bet against wall I got let me read you the exact position on wall. uh Fidelity is a pain in the ass I had to like wire money to Fidelity so these just for the next ones we're talking about I got into wall bid ask last change how do you know where you got in volume purchase oh holy those are already up a lot I got into wall at two bucks and it's already trading at three so I'm already up 50 on those wall.

um so I got into wall these are all for June 16th I bought myself time so I got wall puts just because that's the next one after pack West uh that people seem to be very very negative in and then I got kre as well which is the overall. ETF once again for mid-june um and then I did a little bit into Zion and a little bit into what was the other one Zion wall f8 and then FHN this is a bank that was supposed to have a deal with TD and it got pulled and obviously that one got a little bit knocked. uh for me, this isn't a day trade. Uh, this isn't a day trade at all.

This is pretty much uh I I think it's a little hopium if I had to like in real time. break down my own psychology here of course I Want the play to be right of course I want the play to rewrite I just threw down serious money I think between everything going on right now, all of the banking stuff and also the Carl icon play, I mean I have over 50k in play right now of course I want this to go my way. So is there a bit of hopium? Yes. Will I be looking for confirmation bias? Yes.

But I'm also trying to like analyze myself and understand that Yes. I I have the hopium there and I'm trying to meet myself in the middle and that's why I bought June Um, so yes, the ones that you saw on Weeble the IEP and also the uh, the pack West those ones those expire May 19th. so two weeks in a day uh, all the other ones I got just so like I'm not completely trying to be degenerate here I bought the June monthlies as in I'm giving myself serious time I don't know if it's gonna play out in my favor I don't know I don't know I don't know I don't I don't know uh I see everything started to fall I was feeling good and now everything's starting to pop. But also, we're talking about a one minute chart when I have something that's going to expire in six weeks.

So I don't want to get like mentally I don't want to get caught up in the like, the minute to minute movement, the minute to minute minutia. Um, to give you uh, an idea just for the point of accountability: I got into Zion at 271, they're currently trading at 270. I got into wall at two, they're currently trading at 250 but I believe that's frozen now I got into Kre at 87 cents, they're trading at 86 cents and then I got into FH and at a dollar and they're trading at 85. So it's pretty much Break Even There's no like dramatic movement uh between the grouping of them since I got in.

uh, we're getting a lot of hops. There's a lot of volatilities, things selling, things popping like blah blah blah. This is going to be news dependent I don't think this is basically I'm just what I'm looking for is more news like the Pac West thing where like just randomly one day they're like we're evaluating all strategic options and then really what I'm looking for is for one of these days I just want to be sitting there and I want the random announcement of okay, they're going into FDIC receivership. That's where the money is going to be made.

Uh, so I'm just kind of like awkwardly sitting around like waiting for that announcement to be made. But we'll see. we'll see what we'll see. Did you buy calls or puts I bought puts I'm betting against this right now because I just I think the treasury I think the Fed and I think the overall government is understanding like I think it's complete when they say everything is strong and resilient.

I Don't buy it When Pacquest comes out last night and they say they're exploring strategic options, but then they're trying to tell us that their outflows aren't that bad. No, they're very, very real people who are hearing this news. and then they're running to their bank and they're taking out their money because they're scared that they might just lose their money. And in all reality, I don't blame them because it's a ticking Time Bomb Until the Feds basically is like we're not gonna do, we're not going to guarantee everything over at 250k.

It'd be different if they came out and said that they very well might. they very well could pack West is frozen wall is frozen FHN Uh I Guess coming back down, still training. Uh, we're getting a lot of Halls FHN Just look at this volatility like we're all over the map today. Um, so I don't really care about the minute to minute I don't even really care about an individual date I Bought myself an extraordinary amount of time I bought myself six weeks out I'm talking the June monthlies.

we're sitting here in the first week of May Uh, this isn't by any means a short-term type of a thing if it is announced this week. Great if it's announced next week's next week. Obviously, in terms of my own stress levels, I would rather this be announced sooner rather than later. but my thesis on this and am I on my own bias am I on my own hopium am I on my own copium.

Most likely that's why you guys should not follow me. I'm not telling anyone at all to do what I'm doing. I'm literally just streaming to you my own thoughts live and I would love like your input on it. Maybe I'm looking at the whole situation.

um, a little bit inappropriately. I Just think that we're being lied to and I'm putting my money where my mouth is and that's what I'm doing. Maybe I don't know I guess I Just think they're full of I Think the government's full of the SEC has placed a rule limiting the short selling of Pac West Do you mean the normal SSR rule or like a specialty rule is probably just the normal SSR rule because it's as soon as you drop 10 from open to any point in the day it's SSR But that doesn't stop shorting for the whole day. it just means you can only short on an uptick and it basically just stops the dog pile effect.

I Don't think there's like a specialty rule for Pacquess. it's just SSR The bid ask spread on wall for June 23rd is insane. Makes you think they really know something is inevitable. Well, it's also illiquid.

If you want to look for something with more liquidity, go to the monthly contracts. The weekly contracts are hyper liquid. Even the monthly is pretty illiquid, but you're going to get better spreads over there. Uh, just because more people are going to be trading the monthly than those random weeklies IEP and FHN looking for a job? uh I hope so.

I mean things are all over the map for me today. Uh I've been get betting against Carl Icahn we're seeing how that one goes. That's the rule Shopify Ripping I Think they spun off a piece of their business usually I'm all over tracking what's going on with Shopify It's just a company I like to pay attention to. Uh, but with this current craziness, this is undoubtedly where all of my I guess like where I'm paying attention So we'll throw KR e up here just because this is the overall ETF that I think everyone's paying attention to Um I know you guys are kind of watching pack West because that's like the major one.

Um, what is there a particular thing you want in the bottom right here? Do you guys want wall? like? What's the major other bank you guys are paying attention to for the lower right? What do you guys want here? Do you want wall? Do you want FHN Do you want Zion Do you want? Um, what do you want? What do you want? What do you want? Someone just ask what's happening with AMC Uh, let me ask you a quick question. Do you think AMC really matters at all Right now, you're literally watching the collapse of the regional banking sector and you're asking about AMC You're you're asking about AMC when we're watching an entire sub-sector of the banking industry collapse. Holy like that is. that's crazy.

Uh, go to someone else's stream if you want to watch AMC today. Like that's just like you're That's insane. What about Mom We could throw Mullin up. Mullen is a worthwhile stock to pay attention to.

Uh yeah, jeez, people love movies. They do love movies I Love movies I saw um the new Guardians of the Galaxy last night I Liked it I Didn't think it was as good as the first two, but I really liked the first two. So this one is a great movie. I Liked it but it doesn't really drive the overall Marvel narrative anymore.

It's just like kind of a feel-good good story. Um, like that's what it is. it's a good movie. I Recommend everyone see it I Really enjoyed it.

Uh, but I got to go see like an early screening of it and I it's a good movie. You're gonna like it, but it's not. um, like a formative movie for the next like phase of whatever is going on. It's just a a good movie.

It's funny. You're gonna laugh. There's some like heartfelt moments your eyes aren't gonna swell up. It's a good movie.

I'm not giving away any spoilers. Uh, Hey Super Chat Matt Do you remember when you said that the Moas was correlated with financial collapse? Let's say AMC question is relevant. Uh, Chris Johnson You're actually wrong because I've never said that actually I got like the community didn't like it when I said no it's stupid to think that the opposite's gonna happen. Um, you're literally just making things up.

You cannot find a singular piece of evidence of me stating that AMC will do better when things are going down ever I never stated it I never tweeted it I never wrote it anything other people said that and I actually fought against it. So you're just saying random things. you probably are confusing me with other who talked about AMC Um, but I actively campaigned against it I always thought that inverse thing because I remember how I I fought against this whole inverse beta concept I thought it was I Literally called people out for not understanding what in inverse beta even met. That's silly.

I mean I had multiple videos trying to explain to people what beta even meant. uh Madeline No, you said it. Well, then find it. If I said it, it should be out there.

Find it, Find it, find it looks like wall. uh, paused spy dipped all the way down to 405 I was watching Remember the mid 405s it looks like it overshot where I was at. Uh, where are we at Pepe Pepe up 46. Uh, the Spy remember I was watching this 405 68.

we're at 405 68 right now. kind of overshot it. Yes, obviously watch this recent low. let me make it yellow.

uh I'd be watching this dip. If it does not hold 403.78 or roughly that region give or take a little bit, then I'd be watching for The Gap they'll do 401.60 but we now have two upside targets. Uh, 407.77 From yesterday to today and then previously from Monday to Tuesday we have 4 15 27. Remember, today does seasonally favor the Bears I Want you very much to know that looks like we're I Mean we're not really that much into today.

We sold off. We bounced a little bit. looks like we're breaking down. the Spy does look heavy if you ask me.

I'm not currently trading this fight. Actually, that might be a lie, is my strategy in it? No, uh, my Algos are flat. But apparently it did make money this morning on the NASDAQ uh I missed it so we forgot to play the song. um Pac West currently down 42 percent wall currently down 24.

Looks like it's halted kre down six percent trading just below 36 and then I have IEP over here trading below 30. the fact that the longer IEP uh Carl icons thing icon Enterprises holds below 34. the longer it holds below 34, the stronger I feel about it going to 20. potentially even sub 20.

I'm watching the the four dollar region between 18 and 22. That's the next place I believe IEP will be able to catch itself if it's continually stays below 34. uh uh, he said it now when reading it. so there was a video of you saying it.

oh touche I think you outplayed me on that one Madeline that was a chess move that I'm gonna give it to you I feel like she outplayed me on that one. She outplayed me on that one. Okay, there's a couple comments: I think I missed I Find it interesting that banks are crashing and Apple jumps in and starts a bank with a high yield saving account. Just imagine there's over 1 billion iOS devices even if I transferred 10K over to Apple Yeah I Think they got over 400 million dollars on like the first day or week they announced it or whatever.

it was like really crazy. but they're just getting into the world like right now. Bonds are yielding a lot so everyone's loving to give out this five percent. Matt I Still got the Moon game kicks on I Bought 2.5 put on wall 616 at open yesterday.

was there 32 at time of purchase. Thoughts: Thanks Joe I mean I mean evidently I agree with you because I just did that myself. Remember folks I am not a financial advisor. Do Not copy me.

All I'm doing is streaming my thoughts and opinions. I'm not telling anyone to ever buy to sell. Do what you think is appropriate. Um, but Joe I'm I'm sitting there with you I got them today so you're even up better on your position than I am.

Did I miss anything over here on Rumble Folks Uh, very friendly. wait why can't hang I think I have to reload my Rumble I'm not seeing I see chat up here that is picking up but I can't see him. hang on. Let me let me reload my own page here.

There you guys are there. You are there. You are there. you are folks.

If you haven't already. Um I Know it's annoying to remind you destroy the like button on both YouTube and on rumble on YouTube It helps out. The algorithm on Rumble helps out with the battle leaderboard. Make sure you're subscribed on both as well.

We're attempting to hit the goal of 69 420 Subs on Rumble Today tomorrow the next day we have like a couple hundred to go. If you enjoy talking about breaking news, trending news, politics, stocks, bank failures, Crypto Futures Options degeneracy. um I Don't know. Close-up sleight of hand magic like like that was more of my thumb.

Maybe something like what did did matches what? Uh-oh Oh no. I broke my finger off for all of you guys. So if you want more close-up magic like that, uh, this is the place for you to be. This is folks.

Don't freak out. my finger's still attached I Know I Know some of you think I literally just broke off my finger but it's there. Look it, look it. I have all I have all eight.

All eight of my digits are there. Oh my God Call the police. Oh my God Call the police. So obviously this is the place for you to be.

Uh, just to get you guys all Angry Give this a listen of how our politicians are literally trading this entire thing. Welcome back to Swapbox! Amid Regional bank failures Lawmakers have been cashing out so it appears according to Watchdog Capital trades first for public Bank was the most heavily sold stock on the hill in March those aggregated an estimated forty eight thousand dollars between at least five members of the U.S House of Representatives one of those lawmakers representative Lois Frankla Florida sold First Republic on March 16th. She then bought shares of JP Morgan before it purchased the embattled Regional Bank in Assatement Representative Frankel said quote: My account is managed independently by a money manager who buys and sells stocks. Shut up The reporter of the New York Times and the CNBC contributor: Kate You know some of these guys have these amazing money managers who time trade so well I Want to get those names and put them on our Network because they're able to sell First Republic at exactly the right time and buy them exactly I Mean, on the surface, it looks awful.

Was that at the right time though? Because and we're going to talk about row we had wrote kind of on yesterday. it was down 80 percent when his guy sold it. so I don't know March 16th Marcus Looking a little heavy, but I'm thinking of talking were these much higher. It wasn't much higher.

So if you sold in sort of that second week of or a really third week of March around the 15th 16th 17th Again, you did manage to avert some additional losses, but naturally a lot of additions. So it's really the Optics in this case more so than you know averted losses I Would say as you say, no, but they did avertise something like two-thirds of Americans pulled by morning consult. Um, say that they would like there to be a total ban on Congressional stock trading and the thing and options trading and non-crypto training. And on Futures no inside information.

Oh thanks, that doesn't sound right though because they are routinely uh invited to confidential briefings on the wars Louis Franco's on the Appropriations Committee You're telling me that she doesn't either directly know or know someone who knows back in early 2020 when the public really didn't know the extent of what was likely to happen and or banking crises. The issue with Malia Takis which you and I have talked about before Melissa is she bought shares of New York Community Bank at an opportune moment before there was an upswing and the upswing was was fueled at least in part by the fact that that bank bought some assets from Signature Bank in New York and she had had meetings with New York State Bank Regulators in that period That's a good one. The selling the First Republic when it's I mean none of us knew that the the deposit flight was just gonna get worse and worse and continue I Thought you know at 14 when it was already down I don't know how much or probably down 70 percent. Yeah, at that point did Congress people know any more than we did about where it was headed I think I think chip stuff and I love Paul Pelosi he's a wonderful, great guy I've met but but some of that stuff was really unbelievable.

Wasn't it the chip stuff I mean it seems like you we were involved with a lot of actual litigation that would have benefited you. could have known something to have some pretty good timing there. well with the chip stuff. we looked at that closely last year.

I Wouldn't say nothing, but it's just the thing about the chips Act was it was very well telegraphed for years and we knew which semi companies were going to benefit from it now so everybody knew. Don't get me wrong, Pelosi is a terrific Trader He feels primarily in options and he to the to the extent you can game out the gains here because it's hard. There are a lot of unknowns in these Congressional filings. It appears that he's done extremely well.

they're obviously yeah, how we see that. Good good is a smart businessman outperforming everyone. Pushback against Banning The stock trading that that so many people find problematic. There are members and member spouses who make a living at this.

You know there's there's a senator from Minnesota whose husband is a professional medical equipment investor like that is his livelihood and it happens that she is among other things very active on insulin prices coming down. Um, and he has invested in some insulin related products. So do you give up? Yeah, right does Paul Pelosi I mean at this point perhaps he will. But like you know, historically expected to be this active specifically on insulin pricing and Drug pricing because well, there was.

It's a good question there was a famous uh case, very tragic case in Minnesota a few years ago. uh and I'm Unfortunately, lipstick happens all the time. but whereas he's allowed to say Rick lipstick, apologize to Diego in his memory and just because she's motivated by the issue, she and others Diego Diego says sorry and her husband you're allowed to spam Rick It's one of those things it's like for her. Rick is the guy who we care about Diego that doesn't seem I Personally apologize to the tailored career that you've had forever and the job security of a senator is six years of a House member.

it's two. Do you give up your career Diego I know you're bad. The others we've like just mentioned at the time. Three minutes, maybe five minutes or whatever it is.

But I Want to know who's one of the most personally apologized to you. You're allowed to cheer online. He's the only person who could save the banking sector family sector that trades typically of their spouses, sometimes their children and they say look, it's Diversified we're not in the know. Other than the filings that you're talking about, here's Roe We asked representative Akana about his recent trades.

He was on the show yesterday and he disclosed share purchases of First Republic on March, 9th and 10th and sold just a few days later on the 15th. Here's what he had to say when we asked him: it's not my money, it's my wife's money. It's in a blind trust. It's me.

It's Diversified And they had some sales, which was after the stock was already eighty percent down. like we're headed towards towards something. Maybe they shouldn't be able to trade? Maybe just the overall Market Yeah, maybe just there's you buy and I don't think this is, you know? Uh, we came close last year. arguably.

Um, there there have been several bills in circulation. They're bipartisan. I should add Abigail AOC and Matt Gates you have a snowflake and Jimmy Neutron pairing up together the counter argument is uh. First of all, it's what I was just talking about.

Second of all, it's um, and this I think is a McConnell argument. From what I've heard it, it puts a damper on new Talent right? If people are going to come into people, we see how academics manage their Affairs We don't want a bunch of academics. It'd be nice if some real world people were in Congress Would it not? Yeah. I mean if there ever was a moment.

It was late last year when a senior Deputy to um Nancy Pelosi Zoloftren came out with a pretty comprehensive uh ban with some nuances to it and it was on the calendar for like two seconds and then Steny Hoyer said oh, we don't have time, let's take it up in the lane duck and they never did I Love Washington you know it was I didn't know this as you said my daughter is not She said it was built on a swamp. That's why it's called a swamp. No no no it was. Yeah, so it's not because it's a swamp.

it was built on a swamp. So it is a swamp. Yeah, it is a swamp and it is a swamp and it is a swamp I think and but in both in both. So basically our politicians are pieces of uh, the market just took a hit carry taking a hit while taking a hit packed up I Closed out of my fidelity I just don't want to watch it because I know like my mind's gonna get all messed up I Literally I have 50 Grand in play right now and I I just can't watch it.

it's gonna mess me up. um I'm confident in the play I have no good risk management. We're gonna see how this goes. We're gonna see how this goes.

We're gonna see how this goes I don't know I'm doing what I Can I know it's not going to be good for my mentality to watch it tick by tick. um like I'll have it up here for you folks to see I just don't want to see my account I'll look at the Weeble account just because like whatever I'm used to it, it's not that big of numbers. but I mean I I just put my long-term account potentially until here. my like retirement account folks I'm not like I I don't want to watch it.

It's going to make me sick. It's gonna make me feel like so I put all those trades in I announced all the trades to you. You know the major thing is the expiration date I'm playing against packed up well IEP which is icon pack w k Well the first thing is kre the overall ETF then pack W then wall, then Zion then FHN is that it or is there one more? uh uh I think that's it packed up I think that's what I have today folks It's Only Money you can't take it with you know that's what my dad always used to say and I I agree Quick. Weeble Account check.

This is just where my Iep's been. uh up, 1200 percent crushing it up 12K There these are all the ones that I got early this week. pack W I'm up almost 500 and then