Hey everyone welcome back to another market, closing live stream, so obviously the market's been a little poopy. I've already made a video in terms of why the market's falling real reason market's falling also talked about what jerome powell and janet yellen have said. So if you want to watch those videos watch the real reason, the market is falling, one video and another video on what jerome powell and janet ellen just set, but in this video what i really want to do. What i really want to do is well, first of all, i want to log into this uh, but after i log into this, i want to uh.

I want to go look at some call options because here's the thing when you're looking at call options, i'm not a big fan of leaps right now, which are basically anything longer term in the options market. I'd be interested in potentially grabbing like a 20 to 50 day call option on something which there's a downside in getting a call option in that you have faded against you. So really, what you're looking for is something that's beaten down excessively on a down day and you're, making a bet that uh the market is going to go up, that's really what you're doing uh and when we have a market day like uh. You know what we've got right now, which let me show you uh.

Okay, here we go, let's see when you have a day like we have today, where all the indices are down substantially. Then uh, you generally, you think. Okay, this is either the start of something longer term or it's uh. It's just sort of a one-day set of fear.

Uh people don't really exactly see a big reason why i think it's evergreen uh yield spike. Obviously, up i made a video explaining all of this uh, and so, if we think that is temporary, then maybe a shorter term call option is, is something that we might want to play with if we think that it's going to be long term like if we Think the market's gon na be down again tomorrow down again the day after that, down again that day. After that, any kind of call option is just going to get screwed uh. Well, maybe not any kind, but most call options will probably get screwed, but nobody wants to be screwed.

So let's do a little bit of looking and uh see what we can find in the market here you can see that usually - and this is this - is a bad trend. Usually in the market you see when we have like one page of green and then the rest is red. We usually wait hold on. Oh yeah, okay, oh there we go.

Oh that's better, okay, so we're still at one page. Okay, i was getting nervous for a second, i was gon na say we started with about one page of green, usually when we start with one page of green, we end up getting more green throughout the day and we end up with two or three pages of Green because the pain usually doesn't last that long in this case, though, the pain is lasting longer and we're still at only about one page of green ford's. Only up about 1.34 here camber has been one of those big volatility kind of momentum. Movers right now and you are starting to see stocks in the energy sector get special treatment which camber is in the energy sector.

It's fundamentally overvalued. I might do a video on it later. Uh we've got uh, but again it's moving on momentum. So take your attendees or just ride the wave until you feel like taking 10 days.

That's where you do your ta and you figure out when you want to get out, but um you've even got meta materials. That's up today. Also on on these i mean the fact that oil broke 80 a barrel. I mean just the fact that you say you're oil related, you know, uh, that's uh! That's going to help, especially something like metamaterials, so uh.

What i usually like to look for is something that's just been abs, oh wow, a firm fell even more something. The entire market has just continued to fall, something that's really gotten beat down something that uh has gotten beat down. That has a has a chance of a strong reversal. Now this is a dangerous thing.

Okay, because, just because something has a chance of a reversal doesn't mean that it's going to reverse like, for example, i personally believe that toast and dutch bros were probably going to evaporate to the downside anyway, to some degree, that is also potentially true of um. Of a firm because it ran incredibly, i think it ran for fundamental reasons, not type reasons, but you never know uh. Well, usually, you know if there's nothing fundamental, for something to run on uh like mren, and it runs on something stupid like uh. Oh, we renewed our contract with google, which is like renewing our lease.

Well then, you know it's just moving because it's a small cap, it's easy to move, it's easy to manipulate and uh, and the price is extremely sensitive to that. So personally, uh in addition to buying shares, which is it should be your top priority today and in my opinion, if you're deploying into a day like today, i would be putting 90 of the money that investing into shares. Uh. That that to me is uh is a big deal, and it's very very.

It makes me very curious how the market is uh. It looks like it's literally just continuing to sell look at that accelerated sell-off. We have here uh on on this affirm chart, for example, or this is the one minute on expi. So this is that kind of market where it's like.

Oh my gosh, what's what's the catalyst for trade desk selling down eight percent today, right, that's nuts uh! I don't necessarily see a catalyst for for this. Look at that draw down here on palantir uh. You know it's gon na break under 25. Here you've got geez, let's just survey, what we've got in the market here you have uh redfin uh down seven percent again.

Yeah, but it's back to 51. So that's not that big of a deal where, where these prices are resetting back to isn't like particularly low either 67 on lemonade uh hippo hippo is pretty low at 444.. Let me pull up the historic volatility on something like lemonade. For example, so ideally we want to get if we're going to buy a call.

We want to get something where the volatility isn't actually spiking that much it's just sort of like bleeding out, because uh the market's being funny right now so lemonade uh. I don't. I can't show this screen, but uh lemonade actually hit a low of volatility closer to november 15. Unfortunately, but it's it's lower than pretty much where it's it doesn't get too much lower than where we sit right.

Now, that's an interesting one lemonade. Let me try a firm, let's see how a firm's doing, usually you want to sell, puts when volatility's high all right. Let's try expi that one hasn't. I don't know that one's been too volatile lately, uh yeah, i mean everything's up today, which is unfortunate yeah.

Today, volatility has just spiked: that's the danger about buying call options on a day like today, though, and so uh. You know we yeah what you really want. Is you want that volatility to go up next day by having a really quick resurgence in price? That's best case scenario for a call option. So uh.

Let's, let's look at something like up work. I don't know uh up work. The problem is upwork also has recovery movement kind of going against it. Yeah everything's gone up about 30 points in volatility which, to some degree, is expected that you would get some sort of volatility push here that does make buying calls sometimes hard, but you're buying you're buying in a hole right.

So uh look at the justice bleed out what is happening here on this. This sell them. You know what this is. This is funds.

This is funds uh selling down because fun. Oh, let's look, i don't think i could see fund flows for today. Yet i guarantee you funds are liquidating because they have to not because they want to, because you got a bunch of paper-handed weenie babies right now, uh that that is the kind of drop that i like to see but uh it's hard to say: arkay flows. Let's see, i don't think i can get flows until the day's over 27th.

Well, what was yesterday, what did the spy do yesterday? Because yesterday there was a big negative fun flowing arc? Oh look at the s. P. 500 plummet. Oh, this is perfect.

Oh, this is really good: okay, okay, okay, okay, okay! I like this hold on a second, so uh yesterday. What did the spy do yesterday? Because that makes me very curious. The spy yesterday was flat, but you had fear. Perhaps ah that's interesting.

What about ark? What did arc do yesterday? Why would arcs sell off yesterday? So it's on a downtrend yeah. It was a volatile day and that's why hmm higher volume than usual very fascinating to me, um, okay, all right, wow! Well, we're watching the market right now as it's sort of collapsing before our eyes. Uh. Let's see here, uh, let's see here: okay, uh, okay.

I find it very fascinating that this decline is happening. The way it is right now - and it's it's really accelerating here into the last minutes of the day yeah i i am gon na - buy some stock right now, that's what i'm going to start with doing right now, because this is uh. This is juicy. So this is the perfect place by the way to mention the usual public.com integration.

But in this example here i am going to make a purchase uh on a company that that you will see if you go to metcalfon.com public and follow me on public. Of course, the darn thing isn't loading really well right now, which is a little bit of a bummer, and it looks like the market is pulling back. Uh. Okay, we're coming back screw it uh a firm's, not gon na work right now, because my signal's not working um there.

It is okay, it's up, so i want to look at uh. Just some calls here, i'm going to go uh, i'm going to go for what do i want to go for i'm going to go for a 110 call? How much do i want to spend on this thing? I don't know i'll go for 50 short-term calls here on uh uh i'll, just throw it in his market. I want it uh. I can't do a limit stop or i can't do that.

That's annoying! Oh my gosh! I can't do anything i want to do right now. What is going on this sucks uh? I can't load things on my phone. I can't get um, i'm screwed come on man, i'm literally screwed scheisse, what the heck man - ah, oh so annoying. This is very frustrating.

I really really want to be able to make a purchase here, but i can't do anything because my phone won't load and apparently i'm this is so incredibly annoying all right. There we go buy, call i've never used the online web platform before. Oh, my god come on. This is like the worst feeling in the world.

There we go. I lost 30 cents uh per there. Oh come on now you make me log in again, oh now i got to do a two-factor identification code. Folks, you're just going to watch me complain here, because this is some bogus uh uh.

Did it go through? Okay, all right, i got. I got a contract on a firm jeez man holy smokes. Oh, that was so annoying. I'm sorry for complaining, but like that is like these are the kinds of moments i want to be shopping.

You know what i mean and uh it's like the perfect storm of stuff going against you here, all right. So all right, i'm buying a a call on um call 110 affirm um, i don't know, shoot oct 15.. Okay, all right cool! Now i'm going to go shopping on public.com, because this finally came up so now that i'm finished complaining uh. Let me mention that i'm going to make a purchase on public.com uh.

Oh, i don't have that much money i already spent most of it over here. Oh, i got a little bit uh, i'm going to make a purchase on public.com, which is a place where you can buy or sell stocks and they don't do payment for order flow and uh yeah. Let's see if i can get this trade through there, we go. Okay, cool, perfect awesome, uh and uh.

I'm gon na make a post because you can follow me there by the dip, which is kind of cool, so i'm gon na click buy the dip and post that. So if you follow me on uh or at meet kevin on um geez, i am just so discombobulated right now. If you go to medkevin.com public and sign up for an account, you'll get 70 for free. They don't use payment for order flow uh, you can they don't buy or sell your information.

You can follow me at meet kevin and you can see my trades when i trade on public. So i just made a buy the dip move there. I did buy a call option here on a firm, i'm tempted on expi as well, though expi we're really at 43, we've really come off. I mean this is like 86 dollars.

It's still a little in the pricey direction. For me, i'm happy with my firm right now. I want to look at trade desk. This is this is going to be a technology play though, and we are on a downtrend, so technology play on a downtrend is going to be a little tougher make sure you have enough buying power for the dips by the way, uh so check out um.

What's it called uh? Oh yeah, make sure you why you have enough like if your cash is sitting in your bank accounts instead of ready for you to buy the dip, you is doing it wrong, uh, so tesla 777. Last thing i need is more uh. More of uh more of a call option on tesla, but what could be interesting - and this is more expensive, though right. I wonder how much it would be like what you would get if you sold a put.

So if you sold a put you'd get about 31 bucks for october 15th, that's not bad uh, but it's about that's a little less than five percent right now and it would give you a theta in your direction and volati four percent. So you'd get theta in your direction, uh and a volatility in your direction. If you sold a put on something, it doesn't have to be tesla because i understand tesla's pricey right now. But if i sell a put, let's see here, for what do we want to do, yeah sell it put for 780..

Okay, so worst case scenario you buy. Another thousand shares a test. I mean that's a lot uh. Obviously you could do you know one option or just pick a different stock, but like, for example, if i go in here and i go 10 share, sell 10 puts on tesla, let's see if it actually goes through, it did all right cool.

So i just sold 10 puts on tesla, that's a lot of money that i just put up on collateral for thirty one thousand dollars or whatever i put up a lot of money on collateral on that. But in some regard uh, it's uh! It's a little bit of a worst case scenario. I end up buying tesla for like 749 right, uh and uh. It is going to give me a little bit of protection to sort of reduce my volatility risk in my opinion, and also uh, if it rallies over that i'll get 31k for free.

These are these are some large yolos though so just be careful. Well, i don't think selling a puts really yolo because i wouldn't mind owning more tesla shares rather than uh call options on tesla so put on tesla the collateral here: uh, okay, just an example to lower ix and theta okay cool. So we've only got 30 seconds left. I don't know that.

There's really anything else. I'm gon na jump on here uh with 30 seconds left i mean i i was looking at expi it'd really be. Should i have to be so fast at this point to do anything on expi? I don't think it's going to go through 10 seconds. I can't do it in 10 seconds.

Can i let's see no? No, i i couldn't even get to the price in ten seconds. Oh well, more than okay percent and uh technology down almost three percent pretty much at session lows, all right so um this was uh. This was a crazy day where we had some. We had the dow down 1.63, the s p, down 2 nasdaq down 2.83 russell 2000 down 2.25 uh in this video.

You watched me freak out about uh my phone's internet, not working and weeble, not having sufficient collateral or sufficient dollars. So if you want to buy the dip, i highly encourage, if you've got money sitting in your checking, account make sure you sprinkle that over your different brokerages make sure you, your robinhood is funded your whatever your public's funded your evil, whatever you use, in fact in This video, i encourage you to go to medken.com public and fund that uh. We watched uh watched me kind of hunt a little bit for something that had lower volatility than it did in the past. There is a danger, though, as volatility falls option.

Pricing can get hurt, but well so, in other words, what you're really hoping for is kind of like a violent green tomorrow, uh that that's your best case scenario would be a violent green for that a firm contract uh that would be best case scenario, uh violent, Green green on uh on a firm and a soft green on tesla uh. In my opinion, that would be best case scenario for those two contracts. Their short-term trades we'll see how they do now, keep in mind when you play with short-term contracts, they're, inherently very risky. Uh, you know these are october 15th expirations uh.

I could be forced to buy tesla shares at 780 dollars. Uh. I could be forced to buy a thousand tesla shares at seven hundred eighty dollars, seven 780 000 right. I could be forced to uh.

Well, actually, i won't be forced to do anything on a firm. The beautiful thing about a firm is, i kind of just limited. I put 55k onto call options there and uh. You know: that's that's a lot less collateral that i had to put up than obviously the tesla put so i'll, probably trade out of these both quickly.

If we get a reversal tomorrow, if we don't get a reversal tomorrow, what i'm going to do right now is i'm going to make sure i wire money right now or or fund your accounts. So if we get more of a dip tomorrow, my public has money. My weeble has money because, right now they don't it's all sitting in my bank accounts. You saw me get screwed there for doing that.

So anyway, hopefully you learned something in this uh. Usually i i do crazy stuff like this in my course member live streams, or we at least talk about it and things like uh ideas, and things like that today has been very hectic. I've been way behind because of the uh three-hour livestream we did this morning. So guess what that means, i have to go.

Thank you everybody. I appreciate you. I will catch up after i screw my head on straight again appreciate you. I hope you liked this.

It was a little.