Patrick Boyle

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Saudi Arabia's Neom megaprojects are running into major financial problems according to The Wall Street Journal.

After more than $50 billion dollars has been spent the fantasy city has collided with reality.

Costs have soared, delays are constant, and the capital expenditure estimates to complete the projects by 2080 have ballooned to $8.8 trillion dollars, which is over 25 times the kingdom's annual budget.

Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC

Ways To Support The Channel
Patreon: https://www.patreon.com/PatrickBoyleOnFinance
Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle

Visit our website: https://www.onfinance.org
Follow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.social

Business Inquiries ➡️ [email protected]

Patrick Boyle On Finance Podcast:
Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0b
Apple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313
Google Podcasts: https://tinyurl.com/62862nve

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Since Russia invaded Ukraine in 2022, its economy has surpassed most expectations. Last year, Russia’s economy grew more than the United States and Europe and on top of that Russian unemployment is at a record low. What is causing this growth and how are wartime economies different?

Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC

Ways To Support The Channel
Patreon: https://www.patreon.com/PatrickBoyleOnFinance
Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle

Visit our website: https://www.onfinance.org
Follow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.social

Business Inquiries ➡️ [email protected]

Patrick Boyle On Finance Podcast:
Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0b
Apple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313
Google Podcasts: https://tinyurl.com/62862nve

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Get an exclusive 15% discount on Saily data plans! Use code BOYLE at checkout. Download Saily app or go to https://saily.com/boyle

Two companies collapsed last month. One sold used cars, the other distributed brake pads and spark plugs. Both issued debt rated AAA. Now their bonds are trading at cents on the dollar—and Wall Street is pretending not to notice.
In this video, we dig into down the bankruptcies of Tricolor Holdings and First Brands Group to understand what they reveal about private credit, and why supposedly safe securities are starting to look a lot less safe. We’ll look at hidden leverage, double-pledged collateral, shadow banking, and the growing disconnect between risk and reward in today’s credit markets.

Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC

Ways To Support The Channel
Patreon: https://www.patreon.com/PatrickBoyleOnFinance
Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle

Visit our website: https://www.onfinance.org
Follow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.social

Business Inquiries ➡️ [email protected]

Patrick Boyle On Finance Podcast:
Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0b
Apple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313
Google Podcasts: https://tinyurl.com/62862nve

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What is a Put Spread? - Options Trading Strategies

These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0
Check out our website http://www.onfinance.org/

Follow Patrick on twitter here: https://twitter.com/PatrickEBoyle

What is an Options Put Spread?
A put spread is an option spread strategy that involves buying and selling an equal number of put options simultaneously. Unlike the put buying strategy in which the profit potential is unlimited, the maximum profit generated by put spreads are limited but this strategy is relatively cheaper to employ. Unlike the outright purchase of put options which might only be employed by bearish investors, put spreads can be constructed to profit from a bull, bear or neutral market.

One of the most basic spread strategies to implement in options trading is the vertical spread. A vertical put spread is created when the short puts and the long puts have the same expiration date but different strike prices. Vertical put spreads can be bullish or bearish.

The vertical bull put spread, or 'bull put spread', is used when the option trader thinks that the underlying security's price will rise before the put options expire.

The vertical bear put spread, or 'bear put spread', is employed by the option trader who believes that the price of the underlying security will fall before the put options expire.

What is a Calendar (Horizontal) Put Spread?
A calendar put spread is created when long term put options are bought and near term put options with the same strike price are sold. Depending on the near term outlook, either the neutral calendar put spread or the bear calendar put spread can be employed.

What Is a Neutral Calendar Put Spread?
When the option trader's near term outlook on the underlying is neutral, a neutral calendar put spread can be implemented using at-the-money put options to construct the spread. The main objective of the neutral calendar put spread strategy is to profit from the rapid time decay of the near term options.

What is a Bear Calendar Put Spread?
Investors employing the bear calendar put spread are bearish on the underlying on the long term and are selling the near term puts with the intention of riding the long term puts for a discount and sometimes even for free. Out-of-the-money put options are used to construct the bear calendar put spread.

What is a Diagonal Put Spread?
A diagonal put spread is created when long term put options are bought and near term put options with a higher strike price are sold. The diagonal put spread is actually very similar to the bear calendar put spread. The main difference is that the near term outlook of the diagonal bear put spread is slightly more bearish.

If you are new to options and derivatives make sure you watch Patricks other videos on this topic. The videos are mostly separated into playlists sorted by topic.

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Tesla’s sales are falling across the globe—from the UK to China to California. So why did the board just hand Elon Musk a $29 billion pay package? In this video, we break down the contradictions at the heart of Tesla’s current moment: collapsing demand, the Cybertruck debacle, the robotaxi fantasy, and a boardroom that seems more loyal to Musk than to shareholders.

We’ll explore:

Why Tesla’s fundamentals are weakening
How Musk’s pay compares to other CEOs
The governance crisis behind the headlines
Whether Tesla is still a growth company—or just a cult stock
This isn’t just about one company. It’s about how corporate governance is bending under the weight of celebrity, and what happens when hype outpaces performance.

Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC

Ways To Support The Channel
Patreon: https://www.patreon.com/PatrickBoyleOnFinance
Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle

Visit our website: https://www.onfinance.org
Follow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.social

Business Inquiries ➡️ [email protected]

Patrick Boyle On Finance Podcast:
Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0b
Apple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313
Google Podcasts: https://tinyurl.com/62862nve

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If you’re ready to level up your AI leadership skills, head to https://masterclass.yt.link/5o4X21q to get 15% off the Lead with AI Certificate from MasterClass and Microsoft.

While the world is distracted by global conflict, a panic is building in the private credit market. In this video, we go inside the opaque world of Private Credit - examine the "Golden Age" of lending that is rapidly turning into a slow-motion crisis. From the "volatility laundering" tricks used by managers to hide billion-dollar losses to the "Exit Trap" currently catching retail investors in BDCs, we explore how the search for yield led Wall Street directly to your 401(k). We look at why insiders like Boaz Weinstein are calling this a scandal, and what happens to the 48 million Americans whose jobs depend on the fragile financial plumbing when the credit finally contracts. Is this a repeat of 2008, or something much quieter but much harder to escape?

Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC

Ways To Support The Channel
Patreon: https://www.patreon.com/PatrickBoyleOnFinance
Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle

Visit our website: https://www.onfinance.org
Follow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.social

Business Inquiries ➡️ [email protected]

Patrick Boyle On Finance Podcast:
Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0b
Apple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313
Google Podcasts: https://tinyurl.com/62862nve

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What is an options call spread?

These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0
Check out our website http://www.onfinance.org/

Follow Patrick on twitter here: https://twitter.com/PatrickEBoyle

What is a Call Spread?

What is a Bull Call Spread?
A bull call spread is an options strategy used when a trader is betting that a stock will have a limited increase in its price. The spread involves buying call options at a specific strike price and expiration date and selling an equal number of calls at a higher strike price for the same expiration date. A bull call spread is a type of vertical spread.

An option position in which a call is purchased while another call on the same security is sold short. The two calls have different strike prices, different expiration dates, or both. Also called option spread.

What is a Bull Call Spread?
Bull call spreads are an options strategy that involves purchasing call options at a specific strike price ,while also writing the same number of calls on the same asset and expiration date but at a higher strike price. A bull call spread is used when a moderate rise in the price of the underlying asset is expected.

How does it work?
Since a bull call spread involves writing call options that have a higher strike price than that of the long call options, the trade requires an initial cash outlay, as you spend money on options premium. The maximum profit in this strategy is the difference between the strike prices, less the net cost of options. The maximum loss is limited to the net premium paid for the options.

A bull call spread's profit increases as the underlying security's price increases up to the strike price of the written call option. If the underlying stock price increases beyond the strike price of the written option, the profit on the trade does not increase. Conversely, if the price falls below the strike price of the bought call option, losses are limited to the cost of the buying options.

Make sure you watch Patrick's other videos on options combinations. Tomorrow we will look at put spreads and the next day at Butterfly Spreads.

If you are new to options watch the playlist "An Introduction to Options"

Trading and Pricing Financial Derivatives

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Buy The Book Here: https://amzn.to/2J2kF3A
Visit our website: www.onfinance.org
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Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance

The Untied States Oil Fund (USO) dropped 25% on Tuesday as managers made multiple changes to the fund’s structure in an effort to stave off additional losses.
The fund, which trades under the ticker USO is popular with retail investors, seeks to track the price of the front month WTI oil futures price.
The fund will now invest in multiple futures contract expirations, rather than focusing on the contract for the nearest month.

In todays video I answer a lot of questions from yesterdays video explaining what it meant that the oil price was negative. You can watch that video here. https://youtu.be/dfqmjSOD7pQ


I explain what an ETF is, how they work, and what might happen if the ETF becomes disconnected from its NAV.

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Jane Street, a prominent quantitative trading firm, has been at the center of controversy in India regarding its options trading activities. The Securities and Exchange Board of India (SEBI), have accused Jane Street of market manipulation and temporarily banned the firm from accessing the Indian securities market and are seeking to recover substantial profits, allegedly earned through these activities.

The Indian regulators actions against Jane Street have sparked debate within the financial industry about the nature of sophisticated trading strategies and the potential for market manipulation.

Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC

Ways To Support The Channel
Patreon: https://www.patreon.com/PatrickBoyleOnFinance
Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle

Visit our website: https://www.onfinance.org
Follow Patrick on Twitter Here: https://bsky.app/profile/pboyle.bsky.social

Business Inquiries ➡️ [email protected]

Patrick Boyle On Finance Podcast:
Spotify: https://open.spotify.com/show/7uhrWlDvxzy9hLoW0EYf0b
Apple: https://podcasts.apple.com/us/podcast/patrick-boyle-on-finance/id1547740313
Google Podcasts: https://tinyurl.com/62862nve

Join this channel to support making this content:
https://www.youtube.com/channel/UCASM0cgfkJxQ1ICmRilfHLw/join

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Learn more about your ad choices. Visit megaphone.fm/adchoices