Episode Summary:
On the Benzinga Power Hour, Spencer Israel and Aaron Bry are talking BBIG, NFLX, and more.
Guests:
Ted Farnsworth, Chairman and Co-Founder, Zash Media (BBIG) 8:00
https://investors.vincoventures.com/
Will Rhind, Founder and CEO of GraniteShares
https://twitter.com/graniteshares
Jesse Kaylor, Elite Trading
https://www.elitetradinglive.com
Brett Simba, Simba Stocks
https://simbastocks.io/
Hosts:
Spencer Israel
Twitter: https://twitter.com/sjisrael
Aaaron Bry
Twitter: https://twitter.com/aaronbry5
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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.
Unedited Transcript
All right. So let's try to set the stage here for this BBI G thing. Uh, and, and let me do my best, my best to walk you through the timeline of the events of last night and this morning, and then when we get 10 on and he can clarify what exactly is gone down. So I'm going to share my, my Benzinga pro. There we go.
So, okay, well, let's start with last night. Uh, okay, so I've got, I mean, my Benzinga pro this is a news feed of press releases and sec filings. That's all. This is. And I searched for BVI G. So what did we have last night? We have three different aid Ks, right? Form eight, three different aid Ks last night, um, around, uh, at, uh, out between five 16 and 5:26 PM.
You, you all have seen these by now. The middle one is the one that says that the CEO, uh, as resigned, the CFO is resigned and several board members have, have resigned. That's what the eight K said. Um, that's kind of all that the eight K said, right? Um, there it is Chris Ferguson resignation as a CEO, um, bread bread, Roman resonation to CFO.
Um, and then we used to king was appointed. So new CEO, you know, this was out in the AK last night. Okay. Let me, that was at 5:16 PM. Let's go into the chart here. Let's pull up a chart of BBI G you can see the reaction right away to the filing, not to any media report. Not to any tweets or any articles to the filing immediate.
Okay. Right there. That's why the stock went down. Okay. Fast forward a little while. Uh, I'm going to go to a different newsfeed. Now. This is just a news feed of Benzinger pro headlines from our news desk. Um, five. This is the best part of it is being a pro is we have receipts for everything. 5:49 PM was our first headline on, on BBG 5:49 PM.
At that point, the stock had already actually bottomed had already bought them for the free for the after hours session. Right. And this is right there. We actually bought them ticket. That's pretty impressive. So, so we, we post about the, the eight K at 5 49. We post a little longer version of an article at 6 0 6.
Okay. Fast forward to this morning, 12 hours later, right? 6:18 AM. Let's go back to my press release theater is actually 6 15, 6, 15:00 AM, 12 hours after the filing 13 hours after the filing Mathis hard. And they, and they come out with this press release and they clarify what they provide more color on, on, on the Mo the, the news from yesterday, uh, what Chris is actually doing, what Brett's actually doing, what Lisa is actually doing, um, 13 hours after the fact.
And so can we pull up here's, let's go back to my. Let me zoom out. This is a one minute chart, by the way. Um, it really, wasn't a reaction to the press release this morning, but you, I, I guess if you zoom out and you, you, you can say the fact that zoom in here, the fact that we're trading higher today is in itself a reaction to the press release.
Um, but clearly the market is confused about this. A lot of you, people in the chat I've been following the story a lot more closely than I have. And then Aaron has, um, so you, you probably understood this better than, you know, the, the, the market, but if the press release this morning is saying that, you know, these are, these are planned resignations.
There's nothing really new here with them. The market did not know that the AK was not clear if that's the case, but in any case, we're going to get 10 on a few minutes to clarify, hopefully clarify what exactly happened here. Uh, cause this is confusing stuff. You've got three eight Ks plus a press release and they come out on different days.
Um, it's a little bit, a little bit confusing. So, so, so that's the story. Everyone was like shitting all over us last night as if we are the reason the stock was down. I was going to ask Spencer, I mean, say we live in an alternative universe where. Uh, you know, Benzinga doesn't exist. Benzinga pro doesn't exist.
These eight Ks still go out last night, correct. In case we're out last night, again, pull, I'll pull at the timestamp here. So the AKA's hit the tape. There's three of them, the first one at 5:16 PM. The second one, 20 seconds later. Right. Right here is where I'm at. So wait, go back to, so Tuesday, 5:16 PM, this eight K.
And that would hit any, you know, uh, w was there a PR that went out with that or no, no, no, no, no press release last night, just three sec filings three eight Ks with the sec. And, and they said different things, right. Uh, one of them talked about, you know, spinning off. One of them talked about th the, the news that actually matters.
I think though, again, I'm not quite clear, which is why we've only had Ted on the show today. Um, but it's confusing. You would think with news of this nature, that they would have also been in accompanying press release, or they would have clarified a lot of confusion in any case. Um, but you did see the stock react to the AKA's last night, quickly.
It was immediate, which means that, um, you know, it means what the chart shows. It means that the market thought that this was bad news. I don't actually know if it was hopefully technically. Got it. I'm just trying to, I'm trying to see the, the viewpoint that, um, all right. So Brent Slava and the Chad St.
Benzinga pro also reported timely when the press release was issued in the morning. Um, and like you said, spend something the stock's been trading up all day today up about 9% from where it opened. Um, so yeah, I mean, I'm excited to get Ted on, see, you know, his explanation for everything that went down.
Um, it, it sounds like maybe even just the market in general, wasn't aware that these resignations had been planned, correct. I mean, that's what you could imply from the chart. Right? Right. I guess my question for Ted, uh, if that really, if that's the case is this whole thing could have been avoided if they just clarify that in, in, in the, in the eight Ks that these were planned, but that's the point is they didn't say that in the eight K I can show it to you.
They didn't say anything. It just said there was more color this morning and the press release. Then there was in the three filings last night. So basically the way I'm seeing it, Spencer is, wait, do we still have here on my I'm sharing my Benzinga pro now. So we have the eight K come out. Um, you know, obviously the, the resignations, a lot of times not great sign for a company to stock trades off.
Then we put out a headline saying the stock is plummeting, which is just reporting on what has happened. Um, so, and like I said, I'm pretty sure we bought him ticket, which is actually impressive. Yeah. If you look at the time of that, What was that five for the post where we put the headline out after the AKA's was about 6 0 6 0 6 PM.
Okay. And then the, the, the bottom last night was made at, uh, I've lost my, it took my woman and turn off the screen, but it was made somewhere around there, which is, which is interesting in any case, right around like 5 45. Um, but yeah, I mean, look, this has been performing well today, like I said, up about 9%, um, from it's open, let me get a, even a shorter timeframe chart on here.
So yeah. I mean, let's Spencer. I see Ted hanging out. I think just get, I think enough of us blabbing. I agree. I see Ted backstage. Let's just, let's just get, get Ted Farnsworth on the show here.
There he is. Good. How are you doing today? I'm doing great. And I'm still hoarse from our dandelion festival up here. So my voice is a little hoarse, but I'm doing, we appreciate you taking time today. Uh, well, let's start with this. Can you clarify? The filings are out last night, you guys had asked a bunch of stuff.
Design CFO, resigned board members resigned. Was that all planned resignations. It's been playing for almost since we started this for months and months where it was a natural transition. So for instance, Chris Bergeson, the CEO now and Brett, the CFO, first of all, all the management staying intact. I mean, I literally been on the phone with Chris probably three or four times today, alone.
Um, just in really what he's doing is coming in the field to help us to grow the business on that side. And then Lisa King really being the new CEO is all about operations executing internally while we're up building the business. So this has been planned for months and months and months. Um, and Chris have been working together for quite some time during the whole process as well.
Okay. Um, there appears to be some, some confusion though, right? In, in the market, right. Uh, if you, the shorts love to do so many reports, the eight K and they'll start running with their own stories until we get our press release out and start to clarify the story. Go ahead. Right. So, so Mike, so the AKA's were out last night, the press release was out this morning, you know, 99 times out of a hundred, you see an AK and you see that the CEO and the CFO resigning, you don't even think you just, you react.
Right. So, right. So, um, you clarified the, that was our bad, but by the way, for it really should have gone out with the Presley's at the time, but we didn't have all the sign-offs on that. So the AK went out because of the time limits and knowing we're going to do it. We didn't think, you know, And in hindsight, you always look at that stuff, but the press release was already in the works already in legal for process and everything else.
And we're sitting there looking at it. They're not resigning at all. We're, we're taking the board from Vinco and moving them over to immersive, to a brand new startup. I think that's the best thing in the world for the shareholders, because you have a proven board, a proven CEO and a proven CFO, and then Brian being the one was with Vinco before who's now going to be the CEO of the new company everybody's intact, but you're surrounding Brian, the new CEO with the best possible board, the best CFO who they've been doing this for years together.
So our natural thing was to push that, to put them in the new subsidiary that we're spinning out, give it the best chance of success that it could have. And then, um, and everybody's still intact. And Chris will be out on the road with us, just building a business day to day. Just what we're doing. You know, I guess, I guess why not clarify that in the eight K last night?
Well, two things that's, it's a great question. I've had that a bunch of times the AK and the Presley's are two different things. Your AK is always very factual for all the sec filings the regulations, the timelines, factual. This is what it is. Is it a tender your resignation? It is because that's what it is.
And that's what the law calls it. However, it's really a handoff, any staying in the company, all of them. And we're just shifting the management around. And this has gone on this whole management plan has been planned now for several months of what to do, but you're right about that. Most people asset, and they don't realize they're two different things, the press release, but normally you would put your Presley's with the cat.
So when we put out the press release is really to clarify the bullet points of that. Chris is here on a three-year deal. You know, I mean, look what, when we came together months before that working with Chris and everybody at Vinco and we decided to come together with, with those guys, we've been, look what we built as a team.
Why would you break up the team? It's like, it's like having an NBA basketball team championship or a super bowl team. Why in the world would you break up that team? So the opposite, you know, it's almost like special teams. I can push them over here to make sure as we're pushing over here, the new company that we're spinning out, you absolutely.
We're all going to have shares in that. So you absolutely want to make sure that it has the best shot to go forward. And, um, so I'm thrilled with where it is. And Lisa King is an amazing executive. Um, you know, came up through Dick's sporting goods when they had three stores, et cetera, has her own book done, done incredibly well.
And I've worked with Lisa for probably the last four or five years on multiple projects. And really, it was really about her time to. To shine and to really show the world where she can go see, were you surprised then to see the reaction last night too clearly to the eight K, right? Oh yeah. Yeah. Because, but you know what, in all fairness, even like with nobody, like, like you guys like Benzinger or CNBC or whatever, you only see the facts of the AK.
So that's what you report last night right now. I know. Right, right. But, but what I'm saying is like, it's not anybody doing it maliciously. Now the shorts will run with it. They'll do their own thing and try to spin their own story and keep shorting the stock or whatever it is. And then everybody will feed into that or they won't.
But the one thing you gotta remember, like, as you know, you know, where like the Reddit crowd and all this stuff, these guys are way more sophisticated than people give them credit for. They understand what's going on. They know it's about the name change. Why change the name disaster? Well, yesterday Facebook announced that they're changing their name.
Plus I'm a check marks. We're CRISPR. Well, these like you're out, but he's going and where he's going. So to us, even with that, with the name change is to clarify the story. So there's no more like Vinco CVV this, that, or, and it's really to consolidate the story. All one company, all under one company, all the management and the boards are all intact and working side-by-side with each other.
And look, we got 62% of the vote of. Last week or whatever, whatever date it was was to do that. And then the other was pushing, cause I'm sure you guys are getting the same questions is as you're taking Krypton and you're pushing it down the road, which we don't like doing that. But we also to make sure it's a tax-free exchange.
And when the shareholders get those shares on that public company, they're free trading shares, you know? And so that dividend to them is really worth something. It's not a, you know, that, you're just not that you're just thinking about it and you're trying to do it. So it's a very well thought out pattern.
And definitely we have learned lessons along the way, just for the fact of growing, you know, so quick, so fast. Um, but besides that, it's, it's like I'm thrilled to have the management teams and everybody all going full speed ahead. We were all were a little shocked for the reaction of it. I mean, we knew there'd be some, some reaction, but shock Ted.
What's the, I guess like lesson learned here is it to put out, make sure the press release is ready to go out with these eight Ks or wait until the next morning to put out these eight Ks. I mean, I, that's a great question and I'll tell you, and this is on the record. I was talking to Lisa King last night.
I said, your lesson here is you never put out an eight K without a press release attached to it to explain it to clarify. And, uh, you know, it's just one of those things that happen, uh, going through the process of switching boards or whatever it was. And it was nobody in LA, Chris, everybody, they, they felt horrible.
And I said, guys, it's okay. It's like when we started out in this. Literally you had like a $20 million market cap. I don't know, you know, eight, nine months ago. It's like the market will figure out as we keep telling the story exactly what we're doing as we're acquiring companies and things like that, Ted, uh, the chat, all they really want to know about is the spinoff date, uh, for tides, speaking of aid, Ks, that was actually the first aid K last night that, that hit before the other ones where you announced that the new record date is going to be is changed to October 22nd.
Clarify the timeline for us here. It was look it's out there on the AK. And, uh, it was, um, whatever the date was on there, but the reason why it got pushed out was exactly what I said was with the lawyers and everybody else in here saying, look, you want to give, when you give this dividend, you want it to be a tax-free exchange for the shareholder as well as you want it to be free trading for the shareholder.
And, um, he's pulling up right now. I see, I love, so I hear he, he he's pulling me up. I'll just read it to you directly. Okay. Um, upon successful completion of the standalone audit, the company has based filing the form 10 K the week of October 25th with a record date of approximately 60 days post filing, which would be on or about December 27th, again, all in the AK guys, all right there.
Right? Right. And, and what people do is shorters, we'll grab that and just grab, oh, another delay, whatever, none of that. And it's, it's so methodical. Look, our law firms are Greenberg Traurig, and in VIN, CO's got their law firms and TLP. Great great people around us that sit here and give us advice on these things about how to do it.
And what's best for the shareholder. We don't always make the right decision. We never will. It's like, you're always gonna have like a mess up like this. But to your point, when I was talking to Lisa last night, I said, lesson, number one, you never put out an AK without a press release. And, uh, that was our bad on our side.
And look, we're moving a million miles a minute. Um, and uh, I knew the AK was going out. I wasn't really thinking about the press release. I thought it was going to be attached to it, but it's like, you'll see over the next few weeks, all the different things we got going on. I mean, we're a little busy.
Okay. So I, I, I hope that we're gonna be seeing some filings and press releases to go with them. Oh you, well, you absolutely will. And look, I love coming on your guys' show to clarify stuff and any time where, you know, there's confusion and then confusion, breeds confusion. So what I'm saying is when you see what's going on behind Zass, it's like you would never break up this team.
You you'd be crazy to break up this team. What we've built together as a team pinkos Ash and all of our companies together over the last several months is, you know, it's phenomenal in the pace that we're going at. And also the companies that we're acquiring and things is real like ad riser and, uh, you know, things like that.
LAMODA is doing phenomenal. You're going to see the. You know, refacing of the motives, some rebranding, all that stuff, uh, coming up here shortly. So in our numbers for revenue, as they had been, co-ed very small revenues over the years, you're going to see pretty significant growth going forward here in, on the revenue side, we're testing out all kinds of things on the ad platform could not be happier with ad riser where that's going.
I mean, that's just a machine in itself that really is like Google ad words and Facebook where that's going to drive revenue from LaMotta. But even on its own, it tries to look, you know, I'm just trying to clarify some stuff from the China. So let me read you all again directly, and then I'll ask Ted, uh, I'm going to read from the filing, the K the, the, the one about, uh, tide.
And it says the company anticipates filing the form 10 and the week of October 25th with a record date of 60 days from there. So you still don't have a referral date yet, right? Correct. No, we do. I mean, unless something comes up that we don't foresee, I mean, you, you never put like the exact date, just because if something happens, you know, God forbid one of us was in the hospital or something you don't know, but so you always have that language, but I'm telling you that we know what's under the clock.
And we also know we want to spin out to happen before the end of the year. So it's December 27. So it really, it, it really fits into all the things we're doing in look, forgive us. You know, maybe putting out the AK without the Presley saw that, but when you really look at what's going on with the company itself, that to me is the bigger story, the growth, everything that we're seeing being, you know, uh, the short form video that whole spaces has blown up.
The metaverse, all these things that were really on the forefront of, and you'll be seeing a lot of that stuff coming out. I said, I know last time we had you on, we talked a lot about, um, I might butcher the pronunciation here, but I think it's low motive, the motive, the motive, and like everybody here.
It's funny, everybody here in Paul, in Singapore, by the way, the whole Singapore team was here a couple of weeks ago, we had a whole executive summit here in Syracuse at the studio when we kicked off the dandelion music concert and all that, which was phenomenal, it turned out great. And we're putting that on the road.
Cause it's all about content guys. Like we live at millions of streamers on that and they were, you know, sit there and edit it and all that. But it's the motive when everybody calls it Lomo. So you'll be seeing stop where, you know, we've already trademarked Lomo and stuff like that. You'll be starting to see here, things coming up over the next, you know, even a couple of weeks, maybe in the next few days, you know, where we're doing different branding initiatives with other companies out there and some exciting things.
So, um, but talking about locomotive, Lomo, you know, um, Go ahead. Lobo. That's a little easier for me, for me to say , but I think last time it was, uh, there was a certain, uh, you know, percentage or steak that y'all held. And I was curious if, you know, you've thought about like fully at acquiring or what the status is there.
Look, we have it out there that our intention is to fully acquire it in. Um, and we have that right to do that. So the bottom line is that that is when they were all here, everybody from Singapore, and they're still here in the states, they're in California and be, you know, traveling around the states, doing different things with different groups with us, but absolutely, um, th the whole intention is to own a hundred percent of it.
And we couldn't be happier with that whole team. And then adding our other technology teams together and putting them together, Ted Ted, before we hop off here, uh, Chad, all they really care about, I guess, aside from the record date here on the spinoff, is this ratio. Can you share that ratio with us of the spinoff or not, or not yet for tide?
You know what I, I thought the ratio is in the K so I better not, you didn't see it, but it's very good for the shareholders. We'll leave it at that. What about ballpark? I didn't see the name. I'm looking for. The I'm looking at the you're giving me heat for the AK. Now you want me to say something? That's not okay.
Come on. I don't shoot the messenger. They're about to kill us. Listen, I'll tell you. I'll tell you this, you know, when, when you're a shareholder of both sides, I mean, you're fighting for the shareholder, right? So let's, let's leave it at that. I mean, and uh, I thought it was in there last night, or I thought it was in one of the filings a bit ago, but I'll take a look and then I'll come back on and tell you if it's not, how about that?
We'll put a press release out with that. It can be exactly,
uh, with our audience and stuff like that. We have tens of thousands of shareholders. I mean, it's way even more than that, but, and the whole crowd out there. So we really appreciate your support and letting us clarify things coming on and chatting about it. Ted, Ted Farnsworth. Thanks a lot for coming and for coming on today.
I appreciate it. Thanks. Thanks. Talk to you later. All right. Just to clarify one thing, everyone, the record date, this is how it goes for M and a for spinoffs for dividends. The record date is the date that the company is going to take stock of all their shareholders, right? They're going to basically go look at all the lists of, okay, who owns shares in our company.
Those people are going to get the spinoff, right? If you, if you, so Ted, you said December 27th, that's what, that's what you just said that day. It was also in the final and it wasn't as firm, but that's what he said just now. So December 27th is gonna be your deadline. If you want the spinoff to get to, you have to own BBI BBG on December 27th.
That's that's the record. That's the day where they're going to like take stock of all of their shareholders and. Go from there. That's what Ted said. The, the eight K said, uh, they, it was less from the AK actually said they anticipate filing the 10, the 10 K the week of, uh, October 25th, the anticipate filing that week and then 60 days from there, which will be the 27th of December.
So everyone sit tight. It all will come. The clock doesn't start until we get the 10 K. Okay. When we got the 10 K the clock will start until then no clock. So Spencer, I got, I got Corey in the chat. He or she is saying, Spencer, what does this all mean? I'm a newbie. Let's do a quick 62nd, ER, Eli fi uh, about what this whole thing.
Okay. When a man loves a woman, I have no idea what this whole thing, uh, PBIG is going is, is spinning off another company. Um, okay. They're spinning off tide. They're doing all their stuff too. This is just one part of that one piece of the puzzle and what is tied, who cares? Okay. Okay. That's not the point.
The point is just spinning off tide. Okay. That spinoff hasn't happened yet. They have to let their shareholders know when it does happen. They're going to let the shareholders know in their 10 K in their quarterly filing, which hasn't happened. From there 60 days from whenever that filing is, is going to be the date where you at your deadline to own the stock.
If you want to spinoff, that's the bottom line here. I'm not going to pretend I'm not, I'm not going to sit here. Pretend that I'm an expert in BBI G I don't think I'm acting like one, but I do understand like, like the timeline process. And I, I understand why people were upset with the way, uh, you know, things, the information came out last night, but as Ted said, you know, that was a plain and simple mistake on the company's part to not have a press release out, explaining this eight K that, Hey, look, all these rights, the nations are planned part of this spinoff.
Um, you know, cause if you just see that information, come out with no explanation with no color and you see all these guys are designing, of course the markets are going to react like that. And that has nothing to do with how we reported it or anything else. So, I mean, I, you know, it's a interesting section, I think understand the type of people that are trading after hours.
Right. They see that it's it's people and it's also bots, right? It's also algos. They see a head, they see, uh, an eight K and for the record form 10 equals a 10 K it's the same thing for me equals eight K. It's the same thing you see, you see an eight K see you on the CFR out. You don't, you don't think you, you don't even care.
You don't even, you just, you sell. That's how, that's, how these things always work. Okay. In this case, there's obviously a little bit more to the story. You had to, you had to either know the story or wait 13 hours to get the story. Um, so that, that's why the stock reacted the way it did last night. Uh, I, I'm just curious in the chat like, and we have our next guests here.
We have to bring them on into this in a second. I see him waiting, but like, I, don't almost afraid to ask this question, but like what percentage of your portfolios is BBI? G I, I really just am genuinely curious. I'm not trying to shame. I'm not judging. I'm just genuinely curious. What percentage of y'all's investments is BBG?
Is that like, are we talking like 90%? We're talking like 10%. Thank you. Pencil. Get crypto. That's very helpful. Whoever's whoever's posting, flipping. Think of crypto low Giddings in Logan's in like psychology 1000 right now in Ann Arbor posts. Thank you, Logan. That's extremely helpful. 50 15, 0 hundred, a hundred seventy five forty.
Seen a couple of 69. That's very helpful. Um, five 70 trading options only didn't even know this was stock was optionable. Okay. Uh, 1%. 5%. Okay. I'm just, I'm just curious. I just want to get an idea. All right. Uh, so I hope you guys enjoyed that. I, I hope we have more clear. I think we have more clarity. The bottom line is wait for the, the, the damn quarterly filing.
Wait for the wait for the. The week of the 25th. So that's next week, right? Yeah. I don't know. What's today, the 20, the 20th. So, so yeah, next week we'll get their quarterly filing. Presumably there'll be more color in that, presumably that will, that will determine the record date. And then we just go from there.
So I don't know what the stock is doing. I haven't looked in since Ted came on. What is it doing here? It's down. Yeah, guys. Sorry. There's there's mutual fund market players out there. Sorry. Yeah. Blame the market makers, not special. Like, you know, we get Ted Farnsworth on the show, uh, you know, to, to give this explanation, you will not find this anywhere else on YouTube.
You know, you can go tune in to other places, CNBC, but you won't get this transparency. And at the end of the
you're breaking up, uh, it's not our job to make sure your stock goes up. Okay. Sorry. I mean, I don't know what else to say about that, but, uh, we, we, we, we got, uh, our, our, our, our next guest is here just like laughing in the background about this. So we should probably bring him on here. Uh, we're going to transition away from the BBI G talks.
So if that's why you're here. Great. You just got to have 38 minutes of it. And now we're going to move on with the rest of our. All right. So our next guest is, will rind. Yeah. Smash that like button we've got, will Ryan here, the founder and CEO of granted shares. We're going to talk, uh, inflation and commodities here with will.
So, uh, w w let's get well on here. Well, oh, sorry about that. That was my fault. Well, what's up, man? How are we doing great. We're doing great. We're doing great. Our chat hates us right now, but like, it is what it is. How's your day going? Doing good. Doing good. Thank you. Okay. Um, well, uh, you see your granite chairs.
You guys have a couple, uh, commodity focus ETFs. Um, I guess let's just start beyond that here. Um, inflation is a thing is a transitory. I don't know. You don't know? No one seems to really know. Um, but what are you seeing right now with, with your different ETFs and the various commodities? Cause theoretically, a lot of commodities are seen as inflation hedges, whether that actually happens is of course a different story.
Yeah, no, absolutely. I mean, I think the key question, like you said, there's inflation. Um, that's something that, you know, let's be honest, we haven't seen for the multiple decades. Uh, and so this is all a new thing for people. Um, seeing the crisis rising kind of in front of them, whether it's the gas pumps, whether it's the grocery stores or whether it's, you know, rants or used cars.
I mean, this is all kind of new stuff. And obviously in the investing side, people are asking themselves, well, I know inflation is a bad thing, right. But how do I, how do I play that? How do I make sure my portfolio is positioned? Well, make sure that I can make some money out of this. And so commodities or real assets has always been kind of one of those places that people go to.
Why? Because a lot of the things that are rising in price, the reason why, um, we have inflation is because commodities themselves are rising. So price of oil is rising, which affects your gas prices at the pump. Price of raw materials are rising, which affects a lot of the goods that we buy. Um, and so for that reason, you know, you have energy and food, which in the commodity complex, those arising.
And one way to get ahead of that is actually to invest in those yourself. Okay. Let's talk about oil here for a second because, uh, oil can't seem to stop going up. Uh, I guess it's the, uh, one of the elephants in the room here. Um, I, whenever I see oil rising, I'm inclined to, to sell it and not think it'll keep going higher, but I even proven wrong this entire time here.
So oil is at $83 right now. Um, w just, what is your take on what's going on? Well, what's going on, Spencer is that, um, you know, part of this is we do have obviously huge amount of demand, uh, global economies opening up. And so there is a, there is a large amount of demand and the right now we have more demand than supply.
And so, yes, we could put more supply. We could see more supply coming on the market from OPEC or the OPEC plus group, but I don't think that's going to matter at this stage. What really matters is people almost expecting there to be higher prices with going into winter at the moment. There's a huge energy crisis going on in Europe, which you may have seen, they've have talked about on the show.
Um, but gas prices, um, in a lot of Europe are the equivalent of over $150 a barrel oil. And so people are sort of worrying that that might happen. That could happen here this time, around your other traditional kind of methods of putting more supply onto the market, such as shale, et cetera, it'd be much more disciplined because a lot of activists, shareholders and things have gotten involved and said, well, look, you got to focus on, uh, you know, rewarding shareholders as opposed to just pumping more.
And so from that perspective, you know, we're in this situation where the market's pretty tight prices are going up. I don't really see the reason or the capitalist, the prices to go down and sure. Are you going to enough to throw on a target for us or now I, I, I don't know. I mean, I, I think that, you know, we could see over a hundred dollars a barrel, certainly in the next six months.
Um, it's definitely not implausible given what's happened in Europe, really just crazy. Uh, what's coming out of the UK and what's going out of the European countries in terms of the gas crisis. Um, so I think, you know, coming into this, the big, there's another sort of El Nino effect. Um, this winter's already, we're starting to hear about colder winter than normal.
Um, so in this environment, I don't think a hundred a barrel is, is, is out of this world. Okay. What about gold here? You've got this bar ETF, right? The Greenwich has gold trust. Why hasn't gold gone up? Explain to me, I always was told gold is an inflation hedge. Gordon's an inflation hedge. Why is that not working right now?
Where we actually have inflation? That is a great question. I hope you can answer it. I I'll try. I'll try. I'll certainly give you my take on, on what's going on. And what I think is happening is that the market, and this is the important thing you and I know there's inflation. But that's not what the market effects.
The market's still things that inflation is transitory. And that is by and large, the narrative that comes out of the federal reserve. And I think at the moment you still have the market cleans this idea that inflation is a short-term phenomenon. So the administration saying this is lot of a lot as well, and that it's nothing to worry about.
It will all pass quickly. And we'll sort of be back to our normal kind of trajectory now because of this gold prices, aren't reacting in that way because the market participants in the market more broadly, there doesn't think that inflation is a problem. But I think the moment that there's an acknowledgement by the market, that inflation is a problem.
Then I think we see gold prices significantly north of here. But until that point, you have this scenario where the dollars being strong, you have inflation transitory narrative, and that has suppressed the price of gold for the moment. That's as good a theory as I guess you can throw out there right now, but I guess everyone is sort of scratching their heads.
So in theory, based on what you just said, if the February. Well, they already have come out actually to some extent and said that, yeah, inflation is a bit stickier than we thought it would be right off the bat. Um, but if they were to come out and reiterate that in theory, then you think gold should go higher.
Well, then so expensive because you know, that inflation is not great for the market mean let's be honest. I mean, you can't really have a situation where the one hand pick market acknowledges that inflation is a problem, but yet we have stock markets all time highs because as we know right now, we're still at a situation where the earnings, at least what we've seen so far earnings have been really strong.
So that means that companies are able to pass on inflation effects to customers where relevant or adapt to this particular environment, still posts, great earnings. Now that all ends when they can't do that. And that's why inflation at the end of the day is a really bad thing for markets more broadly.
But we're just not there yet. What about this idea that everyone who would have bought called has, would you just much rather just buy Bitcoin? Right. Um, I definitely think that there's some of that going on. Um, but I think you're kind of traditional gold investors, um, are still sort of resolutely pinned to the idea that, you know, go with the, something different, a different investment.
They'll still be kind of in the gold camp. That doesn't mean to say that they, they have not, or would not buy some Bitcoin as well, but yeah, That's largely Bitcoin's largest sort of a new or investment crowd that is in that. And that I think based upon my experience of the two counts, that's a different investor.
Um, you, you you're, you're the CEO of an ETF company. So I guess I just want to ask you real quick about that Bitcoin futures ETF, right? What do you make of the opening? It, that it was almost a billion dollars in volume yesterday took in half a billion in inflows and one day it seems like it's tracking the NAF.
Pretty good. So, uh, what's your take on all this? Well, it was nothing short of phenomenal. Um, I think that, you know, I, I, to be honest with you, I was surprised, and I did think that there would be a lot of demand, but I've thought that might be used a little bit because the price, I mean, yesterday's price and they could open up around $62,000 a Bitcoin.
Um, so I thought, okay, if it was 30,000, you know, could be significantly higher, but you know, who's sort of jumping in and buying the coin that aggressively at that price, but it seemed like there was absolutely no lack of demand. Um, and obviously crazily, uh, opening yesterday, huge amounts of volume happening again today.
So I think again, to me shows the strength and the power of the ETF wrapper that that's the weapon of choice for investors and that, you know, there's still, there's still some lack of trust with some of these other venues, a lot of platforms in terms of buying crypto, nobody wants to be having. Um, when they're holding an investment on a platform and so ETF, at least you can say a number of different things, but you know, you're not going to lose your money because of someone hacking you by buying the today.
Yeah. It seems like yesterday was a gigantic victory for like ETF people, right? People like you, because it just showed that the ETF can, it can handle the volume and it can, it can, it can trade with a tight spread. It can be liquid, it can track the, you know, the nav net asset value and, and it can do it.
You can do a well, even in a environment like yesterday where there was a ton of demand. So I think it just, uh, just a big victory probably for, yeah. I think it's in many ways, it's the greatest expression. I think of what an ETF is, which is gives market access to markets that are either difficult or there's some sort of issue that prevents it being kind of ubiquitous or available to everybody.
And so when you look back at the history of ETF, some of the greatest kind of products have been where the ETF has unlocked a market that has caused problems. So if you look at gold, which is a good one, you know, back in 2004, um, different other asset classes as well. I think that's the, that's really like the power of what an ETF does is just puts whatever that investment is or that asset class is in your portfolio in a way that was not available before.
Yep. Yeah. Great point. We'll Ryan is the CEO of granted shares. Well, uh, thanks, uh, bond for coming on today. And hanging out with us for a few minutes. We appreciate the pleasure. Thanks so much. All right. Uh, let's get a be back here in a second. Uh, okay. So just to put a ball, I think, put a bow on, on the BBG discussion.
Um, I guess here's what I'll say about, about Benzinga and how we fit into that. Um, our headline last night was reflective of the eight K. Okay. Should we have known that the, uh, oh, what's up, man? Uh, should, should we have known that the departures were planned potentially? I mean, it's, I like the, it sounded like the shareholders held a vote on that.
So I don't know if that becomes public info at that point. Um, there was probably a filing at some point that the shareholders were holding it. I would say just from a practicality standpoint, it is basically impossible for our news desk of 20 people to know the details of every single stock out there.
Right. It's just not realistic. And, and that's not just for us. It's true for everyone because you saw, I saw headlines last night on MarketWatch and seeking alpha, and they all said the exact same thing that the eight K did, which was resignations. They did not say what the AK didn't say, which was that these were voted on, they're moving to a different company.
So I think, I think the takeaway here, yes, I love Stonebridge rewind. The stream, like 50 minutes, 40 minutes. Right. Um, the takeaway here is that company could have been clear, um, and media sometimes right. Needs to take a second and, you know, try to understand the story. But, uh, you know, I, but, but the, the whole thing was kind of, uh, uh, communication cluster.
Um, it's not everyday. You see this, that kind of finding come out with no pressure waste attached. Um, Flos asked me why BBG is down today or down since the interview. I mean, I don't know. I'm here talking to you. I'm not trying to pump, I don't own, we don't own this. We don't own it. We don't, we're not short it, no one here owns GBIG or a short PBIG.
We have no dog in this fight. Only thing I genuinely care about is being right. Like accurate with information. That's what I genuinely care about. Okay. Accuracy. I think we have a better picture now from the interview with Ted. Yeah. So, so rage quitter is saying, you know, I'll bring it up on the screen.
Right. We left out the whole left out the whole story though. Only report one part. We reported the part that everybody else saw, which was the part that was in the. This is a really complicated company. There's like, there's spinoffs, there's like mergers. There's, there's like four companies that play here.
It's really confusing for the average person who is not spending his or her entire time understanding Vinco ventures. Right? Yeah. I mean, that's the thing, Spencer, if we had people on our news desk that were shareholders of vanco ventures, maybe they would have known that this vote was held, but, but the bottom line is, is we don't, we cover all, however many thousands of publicly traded companies there are out there.
Um, so it's it's yeah. I mean, it is what it is. It sounds like Ted Ted understood, uh, the fault of the company, um, for not having that press release, go out with the eight K and I think that alone clears up all this confusion. Um, and like you said, is it possible that, you know, someone could have known that, Hey, look, this was voted on in the past, this is, um, you know, a hundred percent.
So, you know, I, I think it's one of those things you live in your learning and hopefully the company learns from it as well. Um, Patrick star and the chat AB how your calls going? Yeah. Tell us please. Yeah, I pulled up my Robin hood earlier. They're doing well. The problem is I kind of screwed myself and I made a not dumb decision by opening some calls this morning that I can not close today.
Well, I can close them, but if I do that, I'm going to be restricted. So, um, I sold, let's see. Go to my messages. So I sold my Baba calls this morning, Spencer. I opened a Roku one, wait, wait, wait, wait, don't tie me into this. This is you. This is all, you know, Spencer. That was your co that backed me up here.
Shelly. I may have suggested it, but okay. I may fine. Fine. Uh, okay. Um, I bought the call for three. Wait, what? Okay. 3 83 per contract. Uh, sold it for three, seven days. So took a $13 loss, but we'll live with that. Made some money on the Baba calls today. That's why I was up about $725. Then I was up a few more hundred dollars on this Tesla call and I went to, went to close it.
Couldn't close it because if I do, I'm going to be restricted. So now I'm basically stuck holding this Tesla call into tomorrow, which I don't love, not happy about it, but learn from the mistakes. Uh, I want to show up, show us something real fast. Um, someone asked why, why you wouldn't contact the company, um, before posting.
So this has been single pro. This is our real-time news platform. It's behind the paywall. You have to pay for it, yada, yada yada. Okay. This is a newsfeed within the platform. This is just a newsfeed of headlines that we post look how many headlines we post. It is constant. And if you know anything about in the markets, you know, that all the news happens before the market opens and after the market closes.
Okay. So I'm scrolling down here to last night because I just wanted to show you all. I still haven't gotten there yet. I'm trying to get to last night still. Haven't got, I want to show you all the frequency I'll here. I'm there. Okay. So we're at four. This is okay. 4:00 PM Eastern. That's where we are right now in the newsfeed.
Look how many headlines we're posting after hours. Okay. It is the reason we have sec filings is to communicate this stuff to the public, right? We cannot be calling every single company to verify every single fact in every single AK or sec filing. We can't, it's not feasible. That's not how the stock market news ecosystem works, frankly.
Right? You call the company when, uh, the, you know, there's a major unknown, and you're trying to figure out why, right? Or there's another report out there. And you want to, you want them to confirm or deny on the record. You do not call them about stuff. That's in the aid. K, because they're, if they'll just say, Hey, Hey, dummy, look at the damn filing.
And they hang up the phone on you. That's what a company would do if we call them, Hey, excuse me, is, is, is the information in your filing, right? Oh, I'm not going to call a company and be like that. So. I just want to, I, I I'm, I'm gonna, I'm moving on here, but I thought it was a genuinely good question, right?
Like, why don't we call the company because it's not feasible for anyone to do that. That's why, that's why, that's why we have to see filings in the first place. Right. Um, and again, I'll move on. I'm done. The stock was down before he posted it. I'm I'm, I'm done. I mean, I, I we've talked about this for like an hour at this point.
So, um, so I hope, I hope we helped if you own the stock. Good luck genuinely. I'm not being like an asshole, like good luck. You know, you know, we have, Aaron has longs. I have, I own stocks. He, we all own different things, you know, in my case, most of the ETFs, our next guest has long positions. I hope everybody makes money.
That's I hope everybody makes money on everything. Life is better that way, but. You know, there's two sides to every market, right? You got bowls and berries and that's what makes the market work. So, anyway, moving on, let's get, uh, Jessie, people talking about a lawsuit. They can, they can Sue if they want, they're not going to get anywhere, but they can do it.
I mean, whatever helps you sleep at night when it lawsuit against PBIG against, I don't know, man, dude, do whatever. I mean, look, you know, what's funny is that we actually regained more than half of those losses from overnight. Like what, wait, what did we close out of the closed at 7 85? We oh, and we got down to, you know, the made $5 and we're now we're clearly in the sixties.
We're like halfway back. So I don't know if I was long, the stock, I would be less upset now than I was last night. Zuckerberg don't come at me with, with that right now. You no, no, no, no, no. AB you don't learn. We tell you not to buy call options. Okay. But mark is changing the name of his whole company because of bad publicity.
I'm not in that big of a piece. I mean, I bought some, I bought some options that I shouldn't have bought. That's the bottom line. I don't have to change the name of my whole company because of bad press. So Martin, I told you, I was worried about your own problems before you come at me. What are your months ago to stop buying call options.
You're like, oh, okay. And then you, yeah, I'm up like damn up this week on call options. All right. Whatever. Uh, our next guest is here, Jessica Kaylor. We're going to, uh, let him run through some shots with us for a few minutes. So we're going to hang out. If you have a ticket that you want to discuss, that's not BBG.
You preferably drop it on the chat. You know, we'll talk about it. RS is dropping. Wishing. There we can talk. My wish. Let's bring Jesse on now, Jesse. Hey man, you're on, he's on mute. Let's get him off of you though. For a second. There we go. Jesse, unmute yourself.
I on the, on the bottom of the screen there, you see that. I think it's not it's on you. I can't, I can't do it.
You have to unmute yourself on the bottom of the screen. There's that? Mute the microphone button on the bottom left. Yes. No. Okay. Well, while he's doing that, I still say, oh, now he's gone. Okay. Look at you. I see you back here in a second. In the meantime, uh, wanted to, uh, talk about Tesla for just a sec there.
Port earnings tonight. Uh, let's take a look at the stock. This is the part where I disclosed that I have a long Tesla call. Would that expires? When is Friday? Whoa, wait, you didn't buy that yesterday. Did you know? I bought it today. That's the one that I was complaining that I can't close. Like I was up a couple of hundred bucks on it.
Couldn't close it. Now I'm down in one 40. We got Jessie back. Sorry about that guys. Um, yeah, so I like lost the stream yard so I could not find it to get back to it. So I'm going to pull up my charts again and start sharing my screen. But how are we doing today? We don't know what we're doing. We're doing, I mean, it is, it's, it's a green to, I'm going to go to me because it's a green day, right?
I mean, the SNPs are in the green and the NASDAQ. Cause I guess this image on the right, but the, you know, the Russell's green, how many green sectors do we have as opposed to red sector as let's take a look here, we've got, looks like. Come on computer. Why don't you work for me? Every sector in the, in the greening Sephora technology.
So I'm in a good mood. Markets are up. Yeah, I think I'm feeling good. I mean, I'm, I'm really happy because I had some weird plays. I think you see it in the chat with some of the guys James and, um, easy we in the morning, pre-market we've been talking about the EDU plays and kind of go with the China over.
Oh, you talking about that? I saw you talking about someone mentioned EDU, I guess it was you. Yeah, I don't trade a lot of small dollar, $50 eighties, but I mean, it was just sitting there at a dollar 80 and one day he was in there talking about the education and I was like, let's go in here and let's see what what's going on here.
I was like, I'm just going to throw a thousand shares at it, just to see. And then it went to like 2 45. I'm like, how'd it half. And then today it was up like the 2 55 got out another two 50 and I'm like, I'm just gonna let the other two 50 play around and just see if it goes to $4 again. Cause this thing actually, you know, has been, um, performing, you know, pull up the real fast.
But before, before I forget, I just want to plug something. Um, we're doing something that we don't normally do on our channel right now. We're actually doing two streams at the same time. Uh, our cannabis crew, our cannabis team, the crew that hosts our cannabis, our show, uh, their live in Vegas. They're alive in Vegas at MJ biz con uh, streaming live from the conference.
Uh, if you're into cannabis and cannabis stocks, youtube.com/ I'll put the link in chat right now. Um, youtube.com/benzinga, but they're alive right now. So it's very rare for us to have two streams going at the same time. Um, I'm going to paste it in chat, but I just wanted to plug that. So let's get your charts back up on the screen.
So we got EDU new Oriental education. This is a Chinese education stock that got rocked a few months ago. And you are now long, is that right? Well, it was a trade. It was more of a, I saw that they were consolidating down here in the eighties. And then I was like, you know what, I'm just going to take a flyer out.
It was a tight stop loss, you know, like 30 cents, 20 cents. And then it just, every day I was doing well on it. We were kind of just getting excited, watching it go. And then it just broke out the last two days, in my opinion, um, you know, 30, 40 cents on a $2 stock is great. So a dollar stocks, um, but the one that I liked that I actually put in, I, I didn't buy much today, but I did buy some Footlocker and I don't think anyone's been talking about this.
I think it's kind of just a sleepy, uh, took a $20 smack from that, the other and the sixties. And for me, it, it just seems like with the earnings and it's more of a, I guess, Bias position. Cause my, my family member is a very big collector of shoes and he kind of gave me some shoe insider information and he's like, man, Nike, he's like, I'm charging double for what I bought six months ago because the supply and demand is just so, um, it's so great right now for these specific types of shoes.
And I think that going online, um, it has been a lot easier for people to find these shoes. They're actually being able to buy them because they're not having to drive to the store, go into the Footlocker, actually hope that the shoes on the shelf and their size, they can get online, they can buy them, they can get them quicker and have access to them.
And I see that they've made their website and ordering process a lot easier. So it's kind of just one of those things where I like where they're at now. I know they're kind of on a downturn at this moment. I'd be crying, kind of calling a call on a 50% retracement from that previous move. If you look where they went from thirties to sixties, now we're getting in the forties 48, 45 in that range is kind of coming back down here.
I think it's just going to be a good, a good time to enter here. And I, and I'm, I'm tight stop loss. Um, I put it right here at this lower channel, 46, uh, 25 is on my radar. So if it, if it alerts me and it gets down there and starts to fail there that I'm going to be out right here. So looking for 50, $52, I, I appreciate the technical aspect of it.
Cause I have a hard time, you know, divorcing chart from the narrative and the narrative would be like. I'd be terrified of like supply chain problems. So, yeah. And, and I, and I get that. I get that, but I feel like it hasn't, I think that's going to be next quarter. I think that we're not hitting we're right there.
I think there's going to be a, um, I know that you guys have been talking about it on a pre-market prep. I know that I'm feeling it when it comes to like inflation supply issues. When I go to the grocery store, I have young children, I have a lot of needs, different things that you're used to buying brands, things of that nature.
And they're just not there. You know, there are certain things and I laughed at my wife. I said, you know what? I figured out that things were going bad is that they didn't have chocolate chip waffles. They had every other waffle in the, in the place. But that one, and I'm like, you know, it made me just as a joke.
I, you know, jokingly, I told her, I said, what else is missing? You know, from the aisle, like, what's, what's going on? Like, what are you looking at? How many that you're not that I don't know, like feminine products that I may not be purchasing. So I've been researching them, um, as well. And, you know, looking into, you know, who's going to be hurt by this.
Is it like shaving companies, uh, you know, razors, things like that, where people are, um, are they going to be going out and stocking up on these? So is it the opposite? You know, they're going to be a run-up and, um, bodily, uh, toiletries, you know, I think that there's going to be a big thing in toiletries that people are gonna be stuck, not just the food is like, everyone's worried about food and be.
Well, we're all gonna be bearded men. Who was it? Who was it? Was it, um, oh shoot. I saw of headline go by to this morning. Was it Nestle? No, it wasn't Nestle. It's Tom, some big international, um, food slash consumer staple conglomerate. I have normally I don't remember who it was. I apologize said that they're not seeing consumers stockpiling.
They're not observing that, but I don't remember who sent it though. Shoot, really? Uh, I may have a Nestle. Hold on. Um, uh, I don't, I don't remember who said it. I I'm sorry. No, um, I'm gonna hold it against you. Yeah. I don't know. You mentioned LVS this morning. That was on your radar. Yeah. In earnings tonight.
What do you think? Um, what do you think here? Are you long? Are you, what are you saying is going to happen? So LVS is entirely a Macau play, right? You're you're not nothing to do with Las Vegas, nothing near or Las Vegas, right? It says Las Vegas in the name. No Las Vegas. When the company sold their Vegas, they're all in the, um, so that's all that matters.
My understanding. Is so, um, we, uh, I listened to a podcast with someone who has lived in Macau for 20 years. Um, and if you, if you've been following the story a couple of months ago, the Chinese government basically came out and said, Hey, we, we, we think we want to like exert more control over all the casinos in Macau.
And every casino stock, like took a shit on that. Right. Almost was like a Sans. When you see in the chart, um, what this guy from who's lived in Macau said was he, wasn't totally surprised by it. And I think people's worst fears were that, oh, like, they're just gonna like kneecap the, these casinos. Right. And he, this guy, he was like, basically not, we don't see that being the case.
Um, I don't know where Macau stands as far as reopening goes. And like, Qur'an, COVID, I have absolutely no idea if they're better or worse than we are in the U S I know they're much more prone to go into lockdown, but I don't, I don't know where they stand right now. Um, so it seems like the, look, the initial move back, the chart look all ugly, but it, I guess, I, I don't know enough about it to like, want to like stick my neck out and say, oh, it won't be, it won't be, uh, you know, I buy the casinos here.
I won't buy them here, but similar to Alibaba ways, this is still the LVS chart. So similar to Alibaba where like, you could look at the chart and say, okay, this looks a little bit silly here is it really, is it really. Should it deserve to be down here. I think there's a case to be made for, for LVS here too.
You're like, should, should it really be down here is I think a fair question to ask and I agree. So I'm really big on these. When I see these moves on the chart where you see, okay, it has a day where it should never been at $2 and 53 cents. I wish we were talking about it there together. And then we would be probably buying a whole bunch together, but, um, let's see how it moves up.
It, it goes all the way up here to $54 hangs out and then it blasts off. So this is the move I care about. I don't really care about this one here. I care about how it, how it treated $34. It loved this area and it blasts off up here to 90 and came all the way back and then blast off, came all the way back and then not as much of a move to the upside.
Uh, we didn't make another high and it hasn't done that each time. Every time it came here, it's made a lower high, if you noticed. So maybe a play to like 52, even though that sounds crazy, but to play to 52, doesn't seem outrageous right now to me. Um, and you have a short stop-loss right here at 32 16, somewhere around there.
Keep you give yourself a couple bucks to the downside. I mean, you're looking for a big play to the upside. This is a longer term play. This isn't something that I would say is going to happen overnight. But even if you were to take a flyer on this and they get somewhat of decent earnings. You're going to get a dollar popper.
So, you know, maybe in my opinion, that that's easily done on a stock like this, but if it breaks out or breaks down to the downside, you don't have support. It looks like until maybe some key, um, option levels like 25, 30, 35, you know, $5 intervals to the downside, probably. So, yeah. Um, wait, hold the, I, I missed this.
I was busy preparing for the streaming stuff, so I did not see this until the charges alerted me to a thanks is Dr. Berg. Um, you would know about this PayPal reportedly is exploring and enjoying a purchase of Pinterest. Can you pull, put poor pins, pull a or art that works through PayPal on pins, Bloomberg reported that PayPal and Pinterest discussed, um, taking Pinterest over for $70 a share hold.
I'm not sure. I, I get the synergies there, but it doesn't really matter. I guess they don't care. So Pinterest was halted. It's out of a hot now, right? Yep. That was hours ago, so yeah. Okay. Wow. Hey, it's not everyday. You get a mid day MNA rumor, right? I love me. Exactly. I love me the news. Cause it never happens.
You never get midday news, all the names, everybody back in their trading. Again, all the alerts are going off on their phones, Jay rice. Where, where have I been? It's a great question. Jerry Rice. I was not looking at my Benzinga pro I'll tell you that I was looking at Vinco ventures, BBG for like an hour.
That's where I was. Um, so I was watching that. That was an interesting interview. Um, thank you. Okay. Another one is forward. Yeah, I know that you've been long there. I don't know if you're no, not anymore. Not anymore. I sold out like 13. So the ongoing strategy with a couple of members in our group, that one that he did, this is like his baby, you know, he's been nursing this one and um, he's been buying shares, selling covered calls since it was, I think at like eight, eight or nine bucks.
And it's been a great, great strategy. Then he got caught in some, we sold some 1550s, um, that were expiring this week and was like, Hey, what should we do? Or what should I do? And I was like, you know, we, we agreed in the group and said, Hey, if it was me, I'd be taking half my profit off the table at this point and not trying to carry on.
And then I looked today and it's up to almost 16 bucks. So I hope he's not hurt too bad in those price you pay. So, and some calls sometimes. Yeah. And so, and so depends on where you're at. Yeah. So that's how it goes, so, okay. Let's let's see what else is on your radar here? And, you know, actually, wait, there was a question in the chat.
Someone asked about wish they can like a wish here. I don't, I don't trade this one, but I can look at it. This chart is how I doesn't really need that. Well, I mean, that's a big move. I'd like to have been at $5 and then when it pulled back, but then now it's just chasing at this point. Um, in my opinion, this would be a good place for it to fall back down to easily five 80, uh, just by looking at it, it just looks like it could just come right back down and underneath that six bucks range.
But, um, is there a news out on it that we don't know about Spencer? Do you see anything? This is a high flying stock, so I don't know. So the daily, I mean, no, you're trending wise. You're about to hit resistance at this point or at 6 53 at the most, it looks like so, um, but things can turn around. That's a lot of times I feel like there's a lot of people chasing stocks that, um, they might've been in at, you could have been in this thing from third.
19. This is when most people are buying that are in the chest that I see. No, not trying to like dog anyway, but that's what I'll see is that people are buying. They're like, what do you think about this? What do you think? Do you think it's coming back? And that's the moment where I'm like, maybe I should short this thing is a lot of times when people are like, man, what do you think about this one?
I say, I think it's probably too late. If you're asking me, um, and that's just plain and simple, it just the reality of it. And then when you come and look at a chart that it's completely on a downtrend, why fight the trend? Why, why would you say in my opinion, and I don't know if they're long, whoever asked, but, um, if they are there's, this looks like you would need it to break out above 6, 15, 6 to 25 and hold that.
And then this previous area here, if you can hold that again, then maybe you go up and shoot back for eight 50 or so. Um, you're gonna have some strong resistance at $10 if it ever gets there. Uh, do I need one too in the chat? And you can just rewind the video, man. We're on YouTube. You can just rewind it because we're, we're wanting to like an hour.
Hey and smash that light while we're taking a second, we got 356 likes. Why not get to 400? Um, let's just, or there's 500 for watching. So maybe we, well, five 11 now we just had a few people jump on. So let's get more likes. Um, pull up, tell us what you guys want to see. What other stocks are you looking at?
Um, long CCS. Let's do that one there. I mean, you're at a decent support level. You don't have, you know, you have some, uh, definite stops in place here that you can put in that are to the downside. But I mean, it's selling off right now. Is it oversold at this point, it looks like it, your medium range, 23, 74 for a target.
If you were to go in right now, it looks like, you know, this could be an area where you've got a stop loss. Let's see where it tells us our ratio. So, I mean, that's a decent, that's a decent play there. Um, you could have a super tight stop loss with some good upside 2.75 ratio. If you're using a, um, 85 cents, stop looking for $2 and 34 cents target.
Tell us a little more about like how, how you find ideas. Well, my ideas come from risk. If I don't care about the upside, typically I'm looking exactly at when I see a chart I'm looking for. I don't want to be buying up here for when, when at this moment I'm looking at it. I go, okay, well, there's a lot of downside that I can not manage.
I don't know how far it can go down. Well, at this point, I I'm looking at the Keltner channels. Um, I'm following the EMA. If it's, if it's see how it's supported here, and then it broke to the downside. Now you're at an, an area where it's consolidating is trying to choose which way it wants to go to the upside or to the downside.
I would rather buy something that looks over sold than try to buy something that's on a breakout, especially on a stock that's going down. So if it's downtrending, this would be a, usually a harder stock to find entry on. But overall, when I'm just trying to find trade ideas, it's just usually the chat being on Benzinga, um, YouTube, just watching the chat all day and I see ideas.
I pull them up and see what their, why are they pulling? Why are they mentioning it, mentioning this stock? And then we also have, you know, technology that we all use every day. I think most traders have different ways to find information, but we use a bot. You can just put in, you know, top news or top, uh, trending stocks on wall street bats, and it automatically tells you how many times it's been mentioned and list them for you.
And that's all on discord where I just go in there. I can just find information on what's trending. Um, unusual options activity is a big list. I like to go off of, um, just for volatility for me to trade shares. So I watched the options activity just to be able to, um, find and see what stocks might be in a range of.
I see a huge sell order at a $55 price on option and a huge sell order at a $50 range. Then maybe that's the range it's going to be trading in. So try to buy a little bit towards the fifties, sell a little bit towards the 50 fives, you know, and that's, um, just a few quick run-through of ideas that I try to do.
Uh, you know, things that I, I find that helped me. At least pull a stock up that I would not normally look at. But overall, I mean, I look at your normal players that are in the cm on CNBC or on Benzinga coming through the scanners. Um, what's moving pre-market is a big one for me. I look at the pre-market movers, uh, the pre-market losers and just make a list of those and take a look at them.
You know, like right now I wrote down Sony, Microsoft, Google, um, Facebook and Videa and then next tech solutions, which is an OTC, which trades under N E X CF. Those are all for like metaverse plays. So there's, we've had an tech I on the channel before, uh, that that's one of the more active OTC names.
That's very w pretty widely, I like to do a lot of research, you know? So I just go, I mean, right now I'm going to be out there. I've been looking up, who's going to be making the vest for the metaverse. Who's going to be making like the vibration feel, or you get shot by a bullet and you feel it. Or, um, these are the things that I'm looking for.
Like, what are, what are we going to need to make the metaverse work so that I know that's like a big topic and I'm trying to look for the future of like, who's going to be making these things. And, um, I don't know. I'm excited about it cause you stop it for me. It's a good, it's a good thought. It's a good idea.
Um, pardon me. Wonder is. You know, these new, these futuristic things metaverse right. Self-driving cars, even like things take like a long time is my point, right? Yeah. Yeah. So, you know, are we in like, like the, the top of the first, are we going, like the first batter of the first inning, in which case we got like a wrong way to go.
And, and sometimes the first movers aren't aren't necessarily the winners. So, um, I, I like, I love the idea of the metaverse, but for version of, um, or, or AOL instant messenger version of perhaps the metaverse perhaps, uh, wait, why did he was that E-bay spike, uh, who brought that up in the chat? Um, we find it less was that eBay's pike was that because of PayPal?
Because I, I didn't realize that they, they had any relationship anymore that spin off was years ago. I didn't know that, uh, I, I, I see that eBay spike this morning. It must have been off the list until the PayPal hotline, but I don't, I didn't realize that they, they, they trade with any kind of relationship at all.
So I'm a little bit confused there and see if you just look at that chart right now, if you look at eBay, that's a S that's right. There is oversold to my, in my opinion, that's a five minute chart. Um, you pull up the 15 minutes, you got a strong support here. This would be a good stop-out. If you were to try to get something closer to this 70, you know, 74, but your stopping point, you get in around 74, 50 ish.
Try to just get a quick 50 cent bop pops get, get, you know, from the bottom channel, your, your oversold below the channels here on the counter. And just hope to come back and just touch that 75. Again, you're getting 50 twenty-five to 50 cents, you know, quick, quick place, quick trades. Okay. Uh, yeah. P yes, there, there was a report that Pinterest said they're in the early stages, um, of, of a discussion central discussion with w w w with PayPal.
Um, so there's a lot, we don't know about this story, but Hey, nice, nice mid day, M and a rumor, or featuring two stocks that everyone has heard of, which is always fun. Always, always fun. Um, yeah. S and P is the whole market kind of dropping you a little bit? Actually, we actually, every major index, the S and P the NASDAQ and the Russell.
Well, all just took a little bit of a dip here in the last few minutes. Now. Hold on. I got to man, the ship now, triple D mode and any kind of volatility, just like, oh, freak out for everyone to freak out. Well, I don't have any alerts going off yet, so I'm not getting hit too bad. Let's see. That's good.
That's good. Uh, we're still up one and a half percent on for the day. Yeah, I've got the future's up, but I, I prefer the spine during the day and I met my portfolio. Not everyone's confused on
spy dropping quickly. I see that Cameron. Yeah, it's drives dropping. Does anyone have any ideas? I mean, it's. Middle of the day it's bots trading with other bots. Right. So I dunno. I mean, it did just make a pretty big move to the upside. So, um, you got some profit taking, you know, we had an easy, pretty much an easy day of green.
Okay. Here's what I'm not familiar with. Looking at, came right off of that bounced one right up to that channel. Wait. Oh shoot. Anyway, Andy was there for real fed headline because if there isn't that, that could be it. I didn't see anything on that. I didn't see anything, but it does. Cause I didn't see. It doesn't mean it didn't happen.
Um, I've, you know, stuck into my COVID quarantine. I'll have limited screen space here. So, um, I don't see anything, but I guess it could be, um, K L X, E, and the chat I was going to ask you about, this is not one that I'm familiar with. And to me, this is so coming from a person who I may not give you the, um, the perfect wording for everything.
But when I look at this chart, this looks to me like bots are in control and it's very illiquid and there's a lot of, um, you know what? It looks like a scatter plot like this. I do not like it. I usually don't touch. That's just a personal, um, thing of mine. When I see a chart that looks like this, it just looks too crazy.
I'm not trading it. Um, but I don't know anything about this company, clean energy service holdings. I've never heard of it before. What are you asking? KLX please? What are we looking for? Are we looking for a technical analysis? I mean, you're trading between four 20 and five bucks. So lean on that four 20 as your stop, it looks like you might be trying to do, if you got a 50% retrace or you're trying to get back up here.
If it gets back up here about five and hold support, then maybe you take along. If you're looking forward to that way, um, there's just multiple ways you could trade this or not trade this. What about, I think there's another one. This is from Sophia. What is it as you EEC you're oh, you're writing. Okay.
That's when I have, I've at least heard of uranium energy. I've been seeing uranium all over the place. It's like, what are we like? What's going on with uranium. I got, I need to get in to figure out what we're using this uranium for, that we need so badly. Um, because it seems like every day on the scanner, when I wake up, that's like the top, top, uh, sector for a while, like a month and a half.
I know you're in another little monster. I don't get it. Um, I, I, I don't know the uranium story. The one time I did try to comment on it and I didn't know it I'm just going to, like, I'm just going to not comment because I don't know. I don't know anything about it. I can't say, is it a battery plate? I don't think so.
I don't think so. Right. Um, I, I th I think it's just stockpiling, but I'm honestly not sure. So I'm not gonna say anything, even though hoarding uranium in our backyards, maybe, uh, Patrick star. We did, we did talk about CCL, like 10 minutes ago. Uh, you can just check that out. We've got Amazon here, Jesse. What do you want Amazon?
I mean, wait was prime day this summer? Do we miss it or is it, is it coming up? When is prime day? Did it already happen? I already had, I think that already happened. I think it was like June. Nevermind. It was in June. I was gonna say, I think that there was like, not a big deal. Even you mentioned, I think you were like, it was, it was just kinda like, not as big as it normally was.
Well, last year they had prime nail, like right on like black Friday or something like that because of the pandemic, but nevermind. Okay. And anyway, Amazon here, Amazon is looking like everything else where this is. Do you buy this dip or do you just hold off? I mean, look at that. That's a, for me. You've got defined stop right there.
If it comes back and breaks below this, this where it whipped out right here, 33 98. And then look, you're trying to get back to 34 18. I mean, that could bounce right back up to that channel and least test that again, but it, the whole market kind of seems like it's taken a pullback for what is it? This is what this is.
What's great about training. Is it pulling back to keep on going lower? Is it pulling back for us to buy the dip and get back in and see all new highs? When we wake up in the morning and that's, to me, I just don't know. I don't, for me, for Amazon, it's just way out of the realm. I didn't buy it when I, when 10 years ago, like I should have, and I don't really trade Amazon.
So I don't, I don't really know much about how they trade. Other than when I look at the chart right here, you're standing up when you pull it out to the 45 minute and you're looking at it like this, you've got an uptrend it's falling back, possibly down to 33 60, and then could continue ups to the upside.
But, um, this one looks kind of scary to me. It's kind of hanging in a no man's land on the daily if, if I was looking at, but it doesn't look as, yeah, it's hanging out up there. You've had some defined support way down here. That was your entry was down here when a duct want to test at 3,200 back in the early, at the beginning of the month.
And it looks like you, you, in the beginning of the month, you went from 3,200 all the way to. 34 59, 30, 4 60. So you're saying a $200 move. You get a hundred dollars pull back 33 50 looks ideal to me. 3,375, somewhere around there. Do you want to, you want him to take a look at E T T X? This is a therapeutics play in Texas.
They had some drug news out yesterday. Yeah. Yesterday morning and wait Monday. And yes, Monday, it was Monday after the close. That's what it was. It was Monday after the close. Uh, they had a drug, a phase three trial meet its primary efficacy endpoint. Um, that was Monday after the close. And then yesterday we had a couple upgrades today.
We have another, um, positive note from BMO. Um, so the news was out Monday afternoon, but, um, on ETX their, uh, their phase three attack trial met its primary efficacy end point. I don't know what the drug is or what it's doing, but, um, I mean, you got a decent trade there. I mean, it's set up, there's your adult.
It's coming back down to retest this. If it, if you want to really have very minimum risks, you try to get it down there where it, where it wit see if it breaks here hits ya fills, and then you get, you get out somewhere in between. They're not looking to get the very top of, get that middle that's quick trade, but, um, that's on the daily.
Doesn't move too much. Um, you're talking, let's see, let's pull this out a little. Yeah, look at that. It gets to four 30 to 4 44, not investing advice short. It that's, it looks like to me, but, um, I'm anything with vaccine news, things like that. To me, it's almost like buying, um, a fresh crypto it's it's very lottery play to me.
Um, yeah, you get lucky. You get the good news on, you know, on a vaccine or a report for some trials that for, you know, everyone loves the Alzheimer's plays, um, things like that, but, um, I'm not a big fan of them. I like stuff that I do. Like, you know, play, pick my kids. Uh, um, Dave and busters. Have I been to Dave and Buster's since COVID hit?
No. Has the, but have you thought about going or has it not even crossed your mind? It hasn't even crossed my mind. Um, we had passes to Kings island though, if you don't know what King's island is, it's like, um, the Midwest, uh, Disney world, it's kind of like a Cedar point. Wait, wait, wait. See the point is the Midwest.
Well, well, it's our, it's like the competitor version. I mean, some people like Kings island better. Some people like Cedar point, I I've never been to Cedar point, so I can't, I can't say anything about it. I know we have big roller coasters and we have like some of the largest like wooden roller coasters, you know, we have some records, so we're looking all right here.
I'm only like 15 minutes down the road. So I did take my kids there all summer. Um, and then now they have like Halloween haunt and they have the Christmas stuff. So they actually, um, those kinds of theme parks stuff, they're actually looking there. They're making strides to just not be, you know, that four to six months timeframe.
They're finding ways to make money throughout the season, which is nice. Uh, I it's 1 32 guys, uh, Jesse Kaylor, his, the links to, uh, his room, his Twitter, uh, uh, there in the description of this video, right where it says his name, Jesse Kaler. And, uh, he'll be joining us every Wednesday at this time to just hang out, basically hang out and talk stocks.
All right. It was that you guys, um, I appreciate you hit that like button we're 20 away from 400 and we'll be in the jail the rest of the day. Thanks a lot, man. Um, AB where are you at? I know you're around, you're lurking. You're working there is, I'm always here. Doesn't work in. All right. Well, what's our next, uh, we've got Brett Simba from Simba stocks coming on.
Um, Spencer. So Brett's, you know, w we were going to have him on get technical during this time period, but now that we're changing the midday show, but I think we got to start getting bred on our morning live trading show. Cause that's when. Uh, is really active and, and he's just killing it all the time in the morning.
So we were, we were texting back and forth this morning about some of his plays, but maybe we'll find a time for Brett during that live trade show in the morning spread also by call option two days before they expire. I don't know. Let's ask him Brendan
Yeah. Um, so, so Brett, this morning we were texting, he bought some, uh, American express calls and let let's look, I'm going to pull up the, uh, my bouncing of bending a pro uh, pull up the, uh, Macon express chart. Cause that trade looks like it's been working out for you, Brett. Yeah. So, um, Amex was very, very strong, um, for the past couple of weeks just holding around like all time highs.
Right. Um, you guys have it up there. Yeah. So you can see I'm getting my, uh, your slow and fast. Keep going. Yeah, you can see on the daily right there, we were pretty much, uh, the resistance was pretty much this 1 77 level or so, so we pretty much were looking for any type of breakout. Um, above that level. Uh, yesterday we got a nice little close above it.
Um, we gapped up and then we sold off a little bit. We'll be held above 1 76. And then today we just kind of smashed through, um, that pre-market resistance and yesterday's high. So that's where I kind of took an entry right at that 1 77 51 78 level, uh, for 180 calls. And I think they're a pretty good now, right.
It should be like, what do we get in at like one 50, the other at 2 35 right now let's just hit my second trim. That's that literally was you'll probably how come is it that some of these like financial stocks, like American express, it seems like they do well when spies going, like we saw spy tick kind of like a mid day dump here and, and American express actually started moving higher as five was making that move.
Yeah. So financials are up, um, pretty well today. I think they just came out with some of the, the, uh, rate hikes that they said they're going to save them for sure. Until next year. They're just talking a little bit about rates. I'm just looking here at like, live squawk on my phone. But, um, so you can look at like TLT dumps.
So usually when, you know, TLT takes a little bit of a hit, uh, the bond market, you're going to see a lot of the financials and banks do pretty well. So that's why, um, XLF has been relatively strong lately. Um, while you see the bond market pull back. Um, so, you know, financials are probably the strongest in class right now.
I mean, XLF, right? That's the, um, ETF they're at all time highs. They're just making new all time highs, uh, the passport. Yeah. I mean, it's also can be like, uh, I think like an inflation thing, like more money out there, the banks are we making more money? Right. So, um, what about some other plays? I know you talked about a Tesla play.
You were, you were. Yeah. So Tesla's obviously, um, one of the strongest names right now as well. Um, I like Tesla, uh, this past week, Amazon and Netflix, but obviously we have a, the first, well, the first big earnings was Netflix, which was yesterday. Um, did pretty well. Um, I don't think we got as big of a pump right away because they didn't exactly smash the subs, but they did beat, um, on subs.
They beat, um, revenue, I believe as well. And obviously squid games is, you know, pumping a lot of that I think. Um, but we got a little bit of a pullback on Netflix. The daily charts still looks good. All these Fang stocks look pretty good right now, but earnings are, you know, this week and into next week. So Tesla's today.
Um, it's kind of hard to play earnings, right? When, especially when you're at all time highs, because the stock usually runs up into earnings. So the only types of plays that I think are, you know, viable or worth, they really are spreads. And that's going to be B because you're not really like risking, um, the same amount you went on a naked call out of the money.
Right. But you need to pick some type of, uh, doable. So, what we took is the, um, the, what did I take here? Think 8 85 and eight 90. Yeah, the, and you can go ahead and share a screen if you've got this pulled up on your computer, pull it up. But I want to real quick back up for a second. And, uh, maybe you can just explain, uh, you know, kind of like explain like I'm five and Eli five about what the spread is and kind of what you're trying to play there versus just buying a, a naked call.
Yeah. So, so essentially on this spread, right? So essentially what I, what we bought is the, um, the 908 95 called debit spread. So it costs us a dollar 25. It might, you know, it might be a little bit lower. It's going to fluctuate probably between a dollar and a dollar 30 or so today. And essentially all we're looking for is a move to 900, right?
Um, basically when you're doing a debit spread, at least a call debit spread, uh, you're going to sell the upper strike and buy the lower strike. And essentially what you're looking for in this type of play is a move above or, you know, close to before expiration that upper strike. And I'll show you a good example that we took on a, a shop this week, but the play, if you guys want to hop in it, you know, I'm in it right now, again, it's, it's a risky play because it's for earnings again.
So, you know, anything can happen. We can stall around this level, which would be bad, could drop. Um, if it's not, uh, crushing or stellar earnings, But the risk to reward is there. So for the 900 calls for the week sold those, and then I bought in the same, um, order the 8 95 calls. So they're at a dollar 25. So essentially how you calculate the profit is just the differences between the strikes.
So 900 minus 8, 95, that's $5, right? And then you paid a dollar 25. So you take the difference of those. So five minus a dollar 25, your max profit is going to be $375. So that's a three to one trade, you know, it's not a crazy move up right from here. We know how well Tesla can move after earnings. And the good thing about earnings is that it's in the middle of the week.
So we have a couple of days for this play to play out in case it does stall, right. We only need about a 4% move. Um, oops. What did it do that from the bottom? I like these because your risk is defined, right? Yeah. You're right. I mean, your risk is always going to be defined too, you know, when you're taking a naked call right.
At the same time, because
it depends if you're letting it expire worthless or not. But, um, when you're taking spreads, I like them because they have a higher chance of probability. Right. And do you still have that defined risk, but um, because you have your defined profit, it's again, a much higher probability trade. You can't just, you know, worst case scenario, not, not worst case.
Right. But. You know, unlikely scenario is let's just say Tessa smashed to like nine 50, right? In this case, our max profit would only still be, you know, 375 bucks where if we did a naked call, you know, we might make a couple thousand. Right. But if you just bought just that $900 call right now, uh, you know, those are going for, let's take a look real quick just to show.
So essentially if the stock moves down, you're covered because you sold that call at 900. Exactly. Yeah. Then you'd be out of the premium that you spent for the 8 95 calls, correct? Yeah. So w we're still going to be taking the loss, obviously because the eight ninety five call is going to cost more and being in the money.
Right. But, um, we're only risking that 1 25 rather than going for, you know, a, uh, a 900 call just straight up. So the 900 calls right now, if you just take, take those, sorry, Rutgers freezing for some reason, uh, the 900 calls right now are going for, uh, 3 55, 3 50. So, you know, we're whisking about a third of the capital to make, you know, three XR return.
Whereas with this trade, right, if you just did the, um, the 900 call, excuse me, the 900 calls are going 4, 5, 5, 10. I was looking at the nine tens, so $500. So it's literally four times the amount that we're paying for the. And in order to break even just to break even, and not even profit on that, you're going to need it to go to 9 0 5, right.
By the end of the week. Now, if you get a spike tomorrow, you'll probably be out, be able to take profits, but let's just say Tesla's flat and being flat. Isn't a bad scenario during earnings, in my opinion, especially when you're at all time highs, it shows that the stock is able to hold around those all time high levels.
And especially on a chart like this, you know, you take a look at like the hourly, right. You're kind of just flagging down, um, and looking good for a possible breakout, right? So even if we get some type of flat earnings or even if a dumps a little bit, even, you know, down to around this, uh, eight 50 level, you could still get that explosion back up towards 900.
Now, if you close right around 900, even if you tag it, you know, 8 98, 909 11, you're going to be able to make hundreds, you a hundred percent on these spreads rather than needing a move above 9 0 5. You won't get the Cate as much either because you're going to be taking a gain immediately on that, uh, sell leg.
So best case, best case scenario with this, um, trade. You want Tesla to end up above 8 95, but below 900? No. Do you just want it above 900? Okay. So even though you're selling the $900 calls, you still want it to go above 900 because you have 95 calls. Okay. So basically how it essentially works is let's just say Tesla on Friday closed at eight 19.
Right. So that's 8 98 minus 8 95. That's exactly how you calculate it. That spread is going to be worth three. Right? So 300, we paid 1 25. So we're going to profit 1 75, every dollar above 895, the spreads worth a hundred dollars. Cause one, walk me through one of these cars. I've never put a trade out on a spread like that.
I've really only bought, I've only bought calls and bought put. So, uh, you know, yeah. I mean, I'll show you guys a really going on. One of our picks for this week, um, was a shop. We do these, we do our weekly PDF, right? Where we do our top three picks. Um, so these were our top three picks of the week. Every single trade is like crushing it right now.
Um, this was the chart we had for Shopify, right? We're just looking for a move to 1500. Um, we basically entered on any hourly close above 1430. So you take a look at the chart right? First hour, I think on Monday or second hour did that. Yeah. So first hour on, this was a Monday closed right here. We entered here and just never really pulled back.
Now, if you're looking for naked calls on shop, that can be pretty expensive. So instead what we did was, and I'll pull it up here. I got from somewhere.
So instead, what we did on shop is this, where is it? We did a 1514 75 spread. Now that's a pretty widespread. The reason I did a wide spread on shop is because, um, the premium wasn't too bad and I'll show you why exactly we took this trade again. I was a spread rather than a naked call because Shopify is very expensive.
It's very volatile. I mean, if I took a naked call, again, I'd be up much more, but I, my risk was defined and I was risking much less on this trade rather than going, you know, uh, a thousand dollars, 1500, $2,000 into a trade. So we took a debit spread here. This is on a Friday into it. And then on Monday, uh, if anybody wasn't in, I signaled that we could have added into that as well, but I'm sorry, you looked at Shopify 1514 75.
So this is $375 right now. The spread is twenty-five dollars watt. So what's the max profit on that 2,500, right? So if we're paying $375 and our max profit is 25, our max, uh, price of the spreads 2,500. The difference between those again, being, you know, about a seven X trade. So a six X trade. So we're looking to make, you know, 500, 600% as we get to these upper levels.
Right now that spread is sitting at a 230% right now. I believe I'll pull it up here. I think I have one, but, um, at now, basically we're already, almost at max profit. The only thing we're waiting for is the decay, because shop again has such volatile moves. We still have about two and a half days left in the week.
Right. So, um, just to give you guys a example here at 1475. Yeah. Here we go. Have a couple of them still here. Yeah. So here's the ones that we entered. We entered them here 3 75 and they were up 222%. Right now it took a couple off at 200, a 200%. Or we took one off this morning at even 300 units. Yeah. 350% this morning.
Those were at, so you never get any like FOMO where you're like, oh shoot. I wish I would've just bought the naked call on this. I used to, to be honest, but it's so much easier when you're doing spreads because you're not, as, you know, you're not as exposed. And the good thing is in a market like this, like today I'd actually be much, much more red today on a 1500 call a naked one than I would on this spread.
So you could see like on the spread right now, right. What's going on. I'm only down about 8%. Right. But if I took a look at. The naked calls are going to be down much more because the stock is flat today. It was down this morning, uh, about 1%, one and a half percent. So that time, the case setting in on those weeklies now on the spread, I'm actually making money because what I have that 1500 call leg, um, sold to open.
So right now let's just say, and the best thing about this is let's say I did a $1,500 call if the stock chop sideways, that would expire worthless. But because I did a spread now, right? What is, um, the price of this spread going to be? Well, we said every dollar above the lower legs is how much the spread is going to be worth.
Right? So 1485 is the price right now. So if Shopify stayed this price until Friday, this debit spread would only, uh, with, excuse me, would still be $10. So that's 85 minus the 75, the bottom. So I'm still going to be having a thousand dollars per cow per spread. And we only paid 3 75. Whereas the, um, the $1,500 call will just start, uh, expiring worthless due to got it.
What's your timeline on these spreads? You know, are you looking to like start a spread today and sell it? Yeah, so it took, uh, you know, usually, so the spreads, unfortunately for the most part, unless you get an explosive move above that cell. So I'm not going to see, like, you'll see here, right? These could go to, um, these can go another hundred percent from here.
So these will go to like 400, 500% total because what is the max that this could be it's 25, right. But we're pretty close to 1500. And you could see even when it was 1500, yeah. I'll show you the high of this spread was $15. So we're still a thousand dollars off the max. And that's when the price was yesterday at 1500.
And the reason is because again, there's three days for the price to still go down. So you kind of needed to decay right around either your upper strike or way above it. So if this blasted off to like 1530, you know, a couple percent, this would already be pretty much max profit with spreads. If it gets anywhere near 25, I'm just going to sell because there's no point in holding on.
Right. Cause we know the maximum I could sell it for is 25. So like 22, 23, I'm just out because there's no, why would I hold something? I can only make a hundred or $200 more each on when it's already up? You know what, six X. Yeah, exactly. That makes a lot of sense. I like that strategy. I think it's a lot more, uh, repeatable and sustainable than just buying naked calls or naked.
But yeah, exactly. I mean, and then another play we had, I, I don't even, I picked w you know, we all, well, one of my admin in the group pick this coin, I didn't even take it. And it was ended up, I think it was the best trade out of all three of these. Yeah. It was a, it was an hourly close above 2 82. We had a, we take a look at the chart, right?
This was on Monday, literally in the first or second hour, I believe same thing at first hour, just right above 2 82 easy entry right here. And now the stocks up, obviously with Bitcoin breaking the highs, you know, another 7%. So that was a good trade. Also. I didn't end up taking that one. Uh, we took a cat trade cat was on our PDF too.
This was a nice trade basically. Um, cat had a nice triple bottom here. Right. And what did we do? We kind of broke up out of this range. This was Friday. So basically we were just looking for a break of Friday's high. So all that we were doing here, I'm gonna pull up the chart here. It's the same thing that I just showed you, right.
We're just looking, this was, uh, posted on Sunday. Uh, we're just looking for any close above this candle here for a continued move back to, um, uh, the POC here. Point of point of control, right, right around 2 0 9 to 10. Uh, this, and then this one is a little bit longer. I think we said two weeks for this one yet two weeks as well.
So, you know, usually we're looking at ride these for a week or two, you can play usually weeklies on them because the move that we're looking for is immediate, but we recommend going there a week or two out. Um, if, especially if you don't know exactly how to watch the charts, so this one's pretty good.
You know, we're up 2% on this. Um, there was a good trade by one of our admin in the, uh, chat on cat two. And I think I did another one. So these were up about 150. Also, I'm just a 2% move. And I remember these names like cat, um, a lot of these down names, right? A lot of these industrial names that don't move a lot.
That aren't very volatile. If they get that move, you know, we broke this 200 level here. Right? You get that move to 2 0 5 and it's only 2%, but these stocks don't move like that. They don't move, you know, to crazily, um, throughout the week. So they're priced very low. So that 200 call was only like a dollar or a dollar 50, right.
A hundred bucks, 150 each, and now they're going for 450 bucks. So that's 200% right there. But yeah, these are the PDFs we put out. These have been hot all the past weeks, to be honest, our long-term play charge point, uh, this one's going good. We took this on Monday right here. Um, this was based on, I think we had a GP here at, yeah.
So this is a, um, Jake did this chart. So this is sitting at these, uh, previous lows that we had in the beginning of 2021. Right. And if you take a look pretty much from the entire move, pretty sure this is going to be a GP. Yep. Can you go, can you go back to that chart you were on right before this phone for a second?
Uh, yeah, so right there that, that little graphic with the, uh, green box on top of the red box, that's showing as long as the stock price is in that green range and it's profitable. If it's in the red one, then it's not exactly. Yeah. So I'll draw it just I'm here. It's easy. Uh, Where's my long, here we go. So we said, we'll just zoom out here.
Right. We just said, enter above these, this previous a weak tie. Right, right here. We're going to stop out right below here. And we're looking to go back to 30 bucks right up here. Right. So we're in the golden pocket of the stocks entire moves since it was, um, I think it was us back originally. I'm not too sure.
Don't quote me on that. But basically since these lows back at, you know, 10, yeah. It had to be this back cause it was around $10. So back at these loads, right. We're sitting, we chopped around the bottom of this golden pocket here from the entire move up. So sitting at the 7, 8, 6, usually it would be as time to stop out.
But again, we weren't in around here. Right. We waited for this breakout of nice little trend line here, right. With these highs. And that's where we entered this position and it's a long-term Peck. So these are shares. Uh, you could do leaps also. I think we're up like 50, 60% on the leaps too, because these, these stocks, same thing that I was going over with cat, right.
When they're down low so long, as soon as they get that big pop-up, you know, a five, 6% day, which I think it had. Yeah. Was it yesterday? Yesterday, right? Yeah. Yesterday it had six, six and a half percent day. You'll see up here, six and a half percent. Right. So that, that was a, you know, 30, 40% move even on contracts that are, uh, you know, 2, 3, 4, 5 months.
So, I mean, for some of our viewers out there that may want to get into some spreads like this, you know, like what's the best place to start. I mean, I know, you know, we can go out and watch the tutorials, et cetera, but I feel like it's one of those things that you gotta start kind of just dabbling with doing, and then you'll really learn how they, how they work.
Yeah. I mean, it's just about to find risk, um, the best, the best way to do them. Right. I'll show you an example is, uh, kind of like how I did the shop. One, let's go to like a more realistic one. Um, let's think that one's going to be hard. Probably hard. Okay. Um, I was just trying to right. First thing you want to do, always, whenever I look at a chart, right, is you want to pick your top, you want to have your target and your stock, right?
So for a spread, your target is usually going to be like your upper strike. Cause that's what you wanted above. Right? You want it to hit that and you know that as it gets closer to there, you're going to make more on the spread. So, um, Fumo here, right? We have this channel, right. That we're in or hitting the upper upper proportion of it.
Right. It's pretty much, this is the channel. And you know, it's pretty heavy resistance here, uh, right around this what, 35 level or so. Um, and you can see the most volume in shares all time for FUBU, right? Is where from 30 to about 27. So once we get above this, like 31, we get a good daily close above here.
You could take a long, right. And if you're taking a long time, Where are you going to probably have to probably 35, right. So that can be a spread that we take. So let's just take, we'll take a look at the 30 fives real quick. Right? So we'll take a look at the 30 fives and on the 30, uh, on the 30 fives, I'll just pull up, uh, options here.
Like can one sec. Um, uh, we'll throw it over. Jay and the Chad sane spreads are our best for high price names. Like Amazon, Netflix shop Google. Um, because premiums are very high. Yeah. I'll show you. I'm going to show you, uh, something that we did last week too, with Amazon here. So I'm just going to pull up the, uh, so do you consider that like these spreads like to be like a sophisticated trade?
I mean, I know you can get crazy. Someone's asking about zebra, uh, spreads in the chat, you know, whatever. It's just more of like a simple, um, I think this is the simplest one. Yeah. So these are just going to be diagnosed pretty much. They're the same thing. I'll post a year. I'll post a video in the chat real quick, so everybody can kind of like tune into them because it's very easy with visuals.
Um, on, let me get it for you guys. It's hard to understand without like all the visuals and everything. Uh, you know, I can explain it to you. You probably have to rewatch this and listen to it a couple of times. Right. But if you have a video it's much easier to kind of go back and look at it. I have it.
Yeah. I mean, I understand the basics, but like I said, I've never done these trades myself. So to say that, I feel like I'm, you know, have like a great understanding. I, I, I don't, I, but I, I understand it. I just haven't done that myself. I think a lot of people in the chat are in that same boat. Yeah. Here's I just posted it or I will post, can I post it?
Oh, I have to login. Um, no, you should be able to, if you send it private in a private chat on here, I'll, I'll link it in the, there we go. Yeah. So guys, he's going to link it in there. That's a great video. Um, by a sky view there, I think they're the best for like teaching. Cause they have the best like graphics and they kind of use like real life scenarios.
Um, which I kind of like a lot. So that's one of the basic training videos I make my guys go to before they watch some of my advanced ones, um, in our chat. So check out that link guys in the chat there. If you want to learn more, watch it later, obviously while I go over this, but let's just go over like that football trend.
You were just saying, so 30 fives are targeted, right? So how long do we think it's going to take for the boat to get there? Well, we want to allow at least what probably two weeks. Um, the best way to play spreads is always going to be for the most part, monthly contracts, monthly contracts guys are going to be the third Friday of every month.
So this one coming up, the next one, we already missed a Tober. Right? So the next one's going to be 1119. So we take a look at 1119. I'm going to get rid of some of these strikes. We don't need them. Let's just look at 35 34. Okay, cool. So this isn't going to be the best example. Uh, well, I guess it'll be good, but um, usually you want to use spreads for like higher price stocks.
Cause your PR you're a percentage of profit and your actual dollar amount of profits is going to be extremely higher than, you know, playing some of these names where your profits kind of limited, but let's go over it anyway. Let's just say that we wanted the target to be $35. Right? So we were trying to hit up here.
We have about a month to expiration. Is that doable in a month for a football to get up here for sure. You know, in the past two weeks we went from 20 to 30 alone, 50% move. So if we chop a little bit around here, you know, we do a little chop, we have a breakout, maybe a retest here and then a pop up, something like that.
Right. It'll happen a little quicker than this. Hopefully, uh, you know, this isn't in December, you know, maybe we get something like this pop up and something like that. Right. Um, we want to probably look at some spreads around that $35 range. So what we can do is sell this, um, $35 calls going for about $95 right now.
Okay. So $95 is what we're taking in. Then we have this $30 call here, the $30 calls going for that. Two 50. Let's just say two 50. It's a little bit more about, let's just say two 50. Okay. Well, we'll keep it simple and say two 50 and a dollar just to make it easy. Got it. So two 50 and a dollar. So what that means is we're paying two 50 guys for the $30 call, right?
And then we're selling the $35 call for a dollar. So what that means is we're paying a net debit of how much a dollar 50, right? So that means our break even price on this trade is what, 30 plus one 50. So 31 50. Now he's 31 50. He to get to for sure. Right? We don't want for 31 50 yesterday. So if we just get a little bit of a, um, uh, close above this trend line, we only need about a 3% move, um, for it to hit, excuse me, for four or 5% move for it to hit our break even in a month.
Is that doable with Kubo? For sure. Now anything from there is just strictly profit, right? So then if we go, let's say we get to 33, right? How much will this be worth $2. So then we made how much, I mean, 30%, about 33%, right? $50 off of one 50. If we go to $34, how much does it, where it's going to be worth two 50, right?
34 minus 30, 1 50. That's how much we made profit, two 50, that goes to $35 and above 35. How much is it going to be worth $5, right? Because 35 minus. We paid one 50. How much are we profiting on that? The three 50. So every dollar that it goes up above our strike, uh, excuse me, above our break. Even we make a hundred dollars profit.
So rather than just throwing out a $35 call, which you might not even get to you, let's just say the stock stalls around $34, right. It takes a little bit of chop and installs around $34. Those $35 calls are going to expire, you know, close to worthless, or they're going to be probably around 30, $30, $25. So you're going to be down like 60%.
Um, whereas on the spread, our breakeven was 31 50. If it hits around 34, you're already up 250 bucks, 34 minus 30, 1 50, that's two 50 products. So, so with these, do you ever just buy straight up calls or puts, or, or I barely, I'm going to be honest. I barely do this. Oh, you barely do this aisle. This is what I do it for.
The only reason that I mostly do it is because some members like in our group, or just in general people, again, just the Shopify example that I gave you that cost us 375 bucks, right. To make 2,500, hopefully. And you know, we're already up to $1,200. If I wanted to buy a naked call on shop, like a realistic one, you know, how much is that going to cost?
We'll pull up, just shop here and there. And probably even today, keep in mind. This is today. How much has the. We'll go three, four, we'll go a couple of percent out of the money here. You know, this is costing us 600 bucks and keep in mind, this expires in two days. So we had a, a whole week cause we bought it on Friday.
Or if you bought it on Monday, these are gonna cost around that thousand dollars, $1,200 range. So what can you do with the spread? Again? You can make profit as long as it's in between those legs, right? And if all of your break even, and you can buy multiple. So not only are you able to then do what lock-in gains when it's under your upper strike and not worry about the K as much, but you're able to trim and that's the best part about, I think spreads is trimming, right?
Cause the only reason that most people don't make a lot, I think when a stock is trending is they only have one contract. You only have two contracts. So if you're able to buy three, four or five of these, right, again with the Fumo example, you know, if we're buying like the 30, let's just say we bought within the, in that example, right?
The 11 nineteens, the 33, um, the $30 call, excuse me, it was two 50. Right. So if I bought four of those, that's a thousand dollars. Right. But the spread that we wanted to buy is a dollar 50. Right. So we can buy, you know, seven, eight of them or yeah, six, seven. And it's going to be what the exact same price, but we're able to do what trim one, trim to trim three and still have runners.
So that's where I think spreads come into play the best because you're able to profit and take it off the table, playing these big names without a lot of money. Not that's how it works, man. You can, you can do some crazy zero dates. Like there's been some crazy stuff on Friday with Amazon. You know, if you happen to do a spread 3,400, those probably costing you 20 bucks and they made you a thousand dollars, you know, so that's five, you know, 5000% trade is pretty good.
Yeah, no, I like, I like the, uh, like the use case for these spreads, but it makes sense to do so. So I'm going to dive into that. Um, the rest of this week, try to figure out how I can start implementing those into my portfolio. Um, and like I said, Brett, you know, we'd love to have you on, you know, whether it's this time slot or we can get you out in the morning.
Cause I know you said you're a little bit more active in the morning. We do have our own, um, live trading show in the mornings now. So, um, we'll, we'll get some good time to make some trades on here. Cool. And make sure you take. I don't think you said you can, well, you should be good on that, on that American express.
so you'd want to know what I did. What I did. That was so dumb. As I look back at like the day trades that I had in Robin hood. And I was like, oh, the last one was on the 14th. That was six days ago. I'm good. And it's five trading days, not like five, five trading days. So let's do it. You only have so many balls in your chamber, man.
You gotta do choosing wisely. It was, it was a boneheaded mistake. But now I know for the future and hopefully, you know, Brett, we still, we start making killer trades together. I'll be above that 25 K in no time. And just be a couple of spreads, you know, on Amazon. You never know couple of spreads and that we're there that I can make as many day trades as I want.
You're good. You're good on this trade for sure. You know, you got earnings and I think third, what is it Friday? They're coming out. So, you know, you're getting a close up here. You should be able to exit tomorrow. I'll be good. Maybe we got a little bit of a, more of a pump, but yeah, like you were saying in the beginning, right.
These financials are strong. So I think, yeah. Uh, I tailed you on the American express call. I'm looking at right now. I'm up 80 bucks, 50, 51%. Uh that's when I usually would be trimming right now, but I can't, um, I'm more worried about my Tesla call that I opened today. Cause, uh, yeah, but Hey, you know, you never know, I could get lucky.
Tesla could open up 3% tomorrow and then I'm looking good, but more than likely than not, I'm going to be out of. Uh, you know, premium that I paid for that contract, but who knows? You can also, uh, do we have time
I'm finished so you can sell, you could sell a call to head your, your, your buy, if you want. I don't know if I have enough premium in my Robinhood account to like casual premium, you can do it right away. You don't need to buy anything. You don't need buying power, but you don't. That has got to go about it.
I'll text you Brett. Thank you for coming on. Simba stocks.io links in the chat follow bread on Twitter, Instagram, everywhere. Uh, some killer options trades Brett. Congratulations. Thanks guys. Have a go on. All right. Uh, we got to end this frame here. And one of the stream, it was, um, maybe what did you seem a little down?
No, no, I'm sorry. I'm slacking talking to someone to the moon or bus guys are like, good. They're going live right now. So again, while they're alive, but what this is set to redirect to MJ, right? It is. So Mooner boss. If you're waiting for that, go to youtube.com/benzinga. When your boss is going live is live.
Now, we're going to redirect this to our cannabis special live Vegas and MJ biz con Javier is talking to Terry Booth right now, the former CEO of, um, of, uh, uh, Aurora Aurora, holy cow. I was blanking there, former CEO of a war right now, CEO of a audacious. Uh, is it a roar or a freer? I'll be honest with you.
I don't remember. It was one of those, sorry, and Covance tickets. Totally kale. Wait. No, no, I'm going to get this right. We're going to get this right. Terry Booth is before. Cause I can never get Aurora and a free, uh, it was Aurora. I was worried the first time he was the former CEO of Aurora and obviously abbreviations brands.
So, uh, this stream will end and redirect to that. So that's our app hit the like button and um, let's all be nice to each other. You guys, our chat was wild today. So really everybody love everybody. We appreciate you seriously. And um, that's a wrap, I guess. So everyone stay green today. Please make some money.
Stay green. We'll catch you guys. Uh, tomorrow. Same time, same place.
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