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Park City 2020
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Mentor Mike
2:50
The idea of a MP trade is finding a bullish stock that will go up or at least hold its ground.  If the stock does that, an in the money put costs a lot more money and you'd accumulate a loss.  You'd be flipping the trade to almost a bearish position by doing that.
Ron H
2:48
Why not buy your protection in the money? That way if your short leg gets exercised then you can put the stock back out at a profit.
Mentor Mike
2:46
Brandon always starts with a 1 year chart and then zooms in slightly from there.  Those look like daily candlesticks
Guest
2:45
is this a 1 year chart?
Mentor Mike
2:34
Brandon is planning on some Q&A time at the end of his presentation... feel free to send over questions in the chat and I'll get them over to Brandon!
2:21
The June 19th webinar is available on the WOW Insider membership site just FYI
Mentor Mike
2:16
Yep Brandon is rolling now!
Mike
2:16
Is Brandon going now?
Mentor Mike
2:15
About to start back up again with Brandon!
Mentor Mike
2:03
Point 3 was the "Earnings Edge"... meaning watch what the stock has done prior to the last few earnings reports.  If it has performed well the few weeks leading up to earnings in the past we might trade a little more bullishly leading into the upcoming earnings.
Ben Bocksch
2:02
what was piont 3
Mentor Mike
2:00
Brandon will be on at 4:15 PM Eastern Time... taking a short break now!
Mentor Mike
2:00
The Unusual Option Activity emails include what strike/expiration and how many were bought/sold along with a little description of what the stock has been up to.
Guest
1:59
do the daily emails include the time in sales feature?
Mentor Mike
1:56
We look at the initial debit of the Money Press and the spread/margin requirement combined.  That is your true cost to start the trade so we will position size based off of that.
Brad
1:56
To keep sizing around the same for each position..is it the cost of the long put that determines that?  For example 10 long puts bought at $5  ($5k) on Stock A   Stock B long puts cost $10...so I would only buy 5 of stock B long puts?
Mentor Mike
1:49
That is a way to manage these Rick.  We try not to "over trade" where jumping in and out too often ends up costing you money and your sanity!
Rick Berry
1:49
I like to place OCO orders on shorts so I can get out early if early drop occurs, while the long put increases in value.
Dave F
1:46
This is good stuff to earn and protect your portfolio, Preston throws in the right words now and then to assist in keeping one’s perspective.
Ben H
All these are just listed on the Hong Kong exchange
1:37
Sympathetic move with China stocks JD and BABA
Mentor Mike
1:29
Usually just the closing price setting a new 30 day low is what we watch for
Guest
1:28
does he mean CLOSE at 30 day low or touch it during the day?
Guest
1:27
TDOC is a video conf with doctor service.
Guest
expanding their product usefulness
1:27
they are adding non routine medical help online
Mentor Mike
1:14
Good question... just a daily chart.  Usually a 1 Year or 6 month chart with daily candles
Guest
1:13
which time chart is he looking at to see the 30 day low?
Mentor Mike
1:12
I handed P a few ticker symbols from the chat here to hopefully review
Guest
1:11
is TDOC a good candidate?
Mentor Mike
1:10
Tom you were the first to answer!  Well done!
Tom
1:10
look for 30 day lows
Mentor Mike
1:08
Yes exactly.  If you try to sell more contracts than you own creates a "naked call" position which requires a lot of margin.
Brad
1:07
If he sells 10 140 next week calls on ZS and only owns 1 November long call...wouldn't that create a big margin requirements?  if you only own 1 long call on ZS you can really only sell 1 weekly call against it...right?  Thanks
Mentor Mike
1:02
That is another approach.  We've missed a lot of trades trying to time a "perfect entry"... we'd rather jump in, maybe ride out a little pullback vs. missing the trade completely.  Hope that makes sense!
Paul
1:01
I get it but it may pull back and maybe pick it up on the cheap then start a money press?
Mentor Mike
1:00
Great point Ben!  A stock ripping higher isn't the best Money Press scenario... this is why he bought a directional call on ZS.  This way you can sit back and watch it explode higher without worrying about adjusting a Money Press and the put protection week after week.
Ben Bocksch
12:59
ZS looks like it is going up really fast for a MP. Thoughts on that
Mentor Mike
12:59
On ZS, he bought the November 120 calls.  The idea with this is to catch an upside move and have the calls appreciate in value
Mentor Mike
12:57
A one week credit spread is just a completely different trade idea.  With a Money Press we are looking for a several month position vs. just a one week trade.
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