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Orange County 2021
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Mentor Mike
4:42
We can post Brandon's slides & files on this site here... instead of everyone emailing him.  Will probably be easier on him.  :-)
4:38
If it is just going sideways you can watch the short put profit nicely and you don't need to adjust the put protection... so we don't mind this at all
Guest
4:38
how do you maneuver sideways movement?
Mentor Mike
4:37
He is speaking to this now...
J McCathern
4:37
Can you ask Brandon when deltas flip, does he wait until later inthe day of adjust say in the morning if they flip.
Mentor Mike
4:34
brandon@tradersedgenetwork.com
Guest
4:34
what is Brandon's email so he can send us his slides?
Mentor Mike
4:23
It should never be 5x if you're buying the correct put protection... and usually, if the stock really jumps up, then it can pull back or go sideways.  That's where adjusting the protection gets your risk under control and the margin requirement.  Then you give the trade a chance to keep generating those weekly profits
Mark
4:22
How to deal with stock rising sharply so that long is very quickly less that .25 delta? In this scenario one has gained the short but lost 5 times that much in the long put.
Mentor Mike
4:17
Yep!  Exactly!
Nathan B
4:17
Ah, understood. So as long as we sell our long put position before earnings, the IV will still be there, which we can capture when we sell. Thank you!
Mentor Mike
4:17
The videos he was referencing are in the WOW Insider Membership site... under the Webinar Replays tab
Lu
4:16
Can we get Brandon email so we can review his adjustment video tonight before tomorrow?
Mentor Mike
4:14
No doubt!
Craig
4:14
Brandon has a gift for making complex ideas and concepts simple to understand.
Mentor Mike
4:13
Implied volatility increasing into the earnings announcement helps us if we own options.  So we definitely consider both... if I can buy my options to expire beyond the next earnings announcement that helps us.  Then if I am at that 30 days remaining mark we want to roll it.  (a rare exception is if earnings are right around the corner then we might hold into that final 30 days, but that is very rare)
Nathan B
4:12
I understand the rapid decay within 30 days, but is that enough to offset the fact that buying calls after earnings are more expensive due to implied volatility?
Mentor Mike
4:12
See you tomorrow!  Glad you're enjoying it!
Kevin in NOLA
4:12
Thanks Mike... I need to exit for an appointment.  Looking forward to finishing todays session on the replay.  See you guys in the morning - this is good stuff...
Mentor Mike
3:59
Yes I'm pretty sure that is Maggie's trade journal...I'll see if we can get those files posted for you as well!
Christopher
3:57
Where can we get a spreadsheet journal like that?
Mentor Mike
3:54
US Open is happening about 30 mins down the highway from us!  :-)
Stu
3:54
So I just noticed ... is one of the attendees actually watching golf ⛳ on a second computer ?!?
Mentor Mike
3:45
Yes the financials got smacked today... so you can look at making some adjustments like he's outlining if you have any positions there
Guest
3:43
Yes today the financials
Mentor Mike
3:34
Yes I would lean more towards the Call Spread on MSFT as well... it can be pretty volatile at times
Guest
3:34
Mike for MSFT would you do a money press or Call spread. My vote goes to Call spread, too eratic
Bob
3:33
Brandon is great
Mentor Mike
3:32
Hahah.  He has picked up the hobby of power lifting... which he excels at as you can see.  :-)
Christopher
3:31
Geez, did Brandon play football too?!  LOL
Cedric
3:31
Time at home and bulking up, apparently :)
Mentor Mike
3:27
We are back live!  Enjoy Mentor Brandon!  He's incredible!
3:12
We will leave the whiteboard up on the screen for a bit... taking a quick 10 min break!
3:07
Good question!  "Regular margin" usually gives you 2x buying power.  So 100k account COULD go buy 200k in stock.  Portfolio Margin gives you a more dynamic margin calculation that can give you much more buying power
Christopher
3:05
what are the main differences between margin and PM?  I mean why do PM if you already have margin?
Mentor Mike
3:03
No, see the answer below, but you can't use margin in IRA accounts
Bob
3:03
Can this be done in an IRA?
Chip
3:03
Fidelity's minimum for a portfolio margin is $150k...
Mentor Mike
2:58
Yes exactly... so anything you invest beyond your funded amount is when the interest starts on what you borrow
J McCathern
2:58
Mike - On the MSFT of 261,000, on a 100k account, you pay margin interest on the 161k over correct?
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