hi everybody happy monday money monday that is um pretty crazy day in the market today not gonna lie i mean just in terms of movers anyway there's a lot a lot a lot of opportunity a lot going on and a lot to keep an eye on in the coming days um today i went two for three uh one of well i guess technically two for three and then like a break-even trade so not gonna count that but still a really great day uh in small caps but even better with some meme stocks i'm sure you guys are all over that the gamma squeeze is back on we actually talked about this last week or the week before um with i think it was last week with you know amc and gamestop starting to move in fact as i'm watching right now gamestop is pushing up into the 195s could break 200 after hours which would be insane so fingers crossed we can get something crazy there but we'll go to get into those charts in just a moment uh let's first start off though with hymc this is probably my favorite trade of the day uh very easy i was actually at my workout most of the midday and kind of laid out that plan ahead of time in the room uh before before i headed out so got in here we had a essentially a picture perfect let's look at this daily chart real quick though um so big reason for this move was the completion of the offering i guess uh which i'm imagining is this day right here is when they probably announced it uh we had this really nice consolidation with a basically a 1.5 breakout gapped through that and that was unfortunately i missed the almost picture perfect dip and rip right let's get you up there we go uh picture perfect dip and rip right right down to support in the 150s uh came back right up here through high day debatably an entry rate in this area too in the 160s but very clear risk level uh popped up into the the 180s and then we just had this really nice v-op hold so i actually got a 183 entry uh right here uh alerted that and basically my plan on this was i didn't have a necessary this wasn't a scalp for me hymc has like historically not historically the past few days it's been a big mover has been a really nice midday uh move and so i wanted to kind of be positioned in that in the morning with that low of day risk and it worked to a t i told the room my plan was for a 250s test which we got that 240s test which was plenty fine with me and then re-evaluate afterwards uh towards the end of the day if it's still holding up but i had my risk levels set and i knew what i was looking for so we got that again that entry here in the 180s risking the 1 50 7 level so you know what's that a 25 risk give or take and we ended up getting a first exit up here at 2 35 right into this push as i got back into the office which was really nice let it dip down here and unfortunately once we had this triple top up here i it was getting really late in the day and i thought after this this big dip in ins like your recovery back up i really thought it should have broke through 240 there i would have added through probably then moving my risk up to the 212 level i did end up moving my risk after this one quarter position sell up here i did end up moving my risk to 180. uh so it essentially was actually called a breakeven trade at worst case scenario but i ended up cutting right down here through the 224 level uh as we just had that triple top that new lower high here and just looking really weak now it did just kind of continue to chop around into the afternoon or into the rest of the rest of the day there so it is what it is but still great trade unfortunately i didn't get to add anything even after moving my risk up that was just a level i was comfortable with as we were way up here i would have loved to maybe even get an ad here or after after this double bottom established but it's all right again i was working out during this time um so it is what it is still a great trade though really nice killer all-day hold i haven't had one of those in a long time so i'm really proud of myself for staying patient sticking to my plan and again doing what i could there that other trade was uh the other winner was cells unfortunately i really under capitalized on this and i'm sure you'll see why in a second here so i ended up getting long around 410 uh in uh this this morning action here uh as we popped it here with a risk on that 380 level on low a day so roughly a 40 cent risk and i just same plan my plan was here at all day hold on this we had a really nice potential breakout chart really low flow right five or six mil float and i really liked this multi-day breakout potential let me get rid of this uh for continuation you know we were holding over that five or four dollar breakout level which was a very key level again i was hoping for a sixth test today you know what i mean from essentially back here and even though this volume is completely irrelevant um i feared that six level would be psychological after we could get through five but it just even though we were holding over that four dollar level for the majority of the day we were not able even with volume what did it trade a little over 40 million shares today we're just not able to get that parabolic push even after the five break so i ended up cutting though um we got right where was it oh uh right here i cut down uh in the four like mid-40s so it was still it was still a nice you know 30 cent win but it was more or less a one-to-one trade at the end of the day it just to me seemed like a failed high a day break um and it did it did end up breaking had i held the thing is i think i probably still would have probably sold at the same level i would have held through this looking for that six dollar area and it wouldn't have happened but again after we had that failed high day break uh test right here in the afternoon i just wasn't really comfortable with that anymore so it was a small win but you know still uh it was a nice potential trade and i'm still going to keep an eye on this for the next few days fingers crossed would get a really cool third day surge on wednesday ll was my loser of the day i got long right here i started in here in the fourth at 4 30. i really liked the multi-day on this a lot we just had a really nice multi-day setup i was thinking that you know today had a really nice pop over yesterday's high a day through this multi-day trend line didn't end the volume just didn't end up coming in for it i'm just going to keep an eye on this though as long as it's holding up near the four dollar area i did get an ad right in here in the 430s uh before i left my workout and it did break high day yeah that failed high day break though and i ended up cutting my risk was 409 right under this 410 level so i cut right down here uh for you know just the loss i planned on it is what it is i didn't have i i had full like normal size after this ad here so i had started in with about half size on this buy and so one loss today two wins and i was just really more so well actually three wins if we count that amc scale hold on i forgot about that uh at the end of the day so like i said we're gonna get into the meme stocks amc up 43 today after running i mean really craziness right because this came down from 12 the 13 12 13 area like on the 14th so it's a two weeks ago and now up just tested 30 today craziness uh and so i got a scalp on it at the end of the day kind of wanted to be part of the fun but also had a really nice little setup um which ideally i would have loved to get in this area but didn't i wasn't around my computer at the time i was just getting back and so basically what happened here was we had right up in here right we had this 2840 level and then we had this really quick fake breakdown through this like this was kind of a little support level an instant recovered backup so i got in it 2838 and again my plan here was just to scalp that really quick strength into the end of day i got a 29 25 cell and a 29 21 cell so whatever that math comes out to is right next to each other but really really quick fun scalp and i was kind of cool to be part of the meme stock fun even though congrats to any of you guys who are buying in the morning you guys crushed it today uh gamestop same thing i didn't trade this but beautiful move same thing testing 200 now i mean here's the deal if this breaks over 250 anything's possible that being said um let's really quickly kind of talk about the reason all of this is happening so first of all amc by the way traded 5.5 billion dollars uh in in volume today 5.5 billion dollar volume insane we haven't seen anything like that in a long time we haven't seen dollar volume like that in a long time so this is really cool to see but let's look at this daily chart again right uh i don't know we've i think we've probably gone over kind of a really basic idea of what a gamma squeeze is uh in a while back in one of these episodes but this is more or less a gamma squeeze again which really really simplified i'm not going to go into it too much here you can look it up if you're really curious you know what truly is a gamma squeeze but options trading is what moves a lot of large cap stocks right because it's a very leveraged way to trade large caps and large cap traders or investors oftentimes use options to hedge against a position now the thing is right much like with short selling you can technically lose an infinite amount on your money if you're not margin called well with options they are much much much more volatile or well yeah volatile than the actual stock itself and what happens is let's say an options trader is hedging their position or a large cap investor trader fund whatever the case may be is hedging their position and they are essentially short uh a bullish they're short the calls of amc because it's a hedge position or they just you know they're betting on it going down still um that's how you generally correct collect premiums right 90 of all options expire worthless so in theory by shorting calls and uh shorting puts you're collecting the premium money for when that price goes to zero however that being said right options prices can get wild right so if i'm short a call uh five dollars per contract it is not a forty percent move on a stock or even even like a ten percent move on a large cap stock that could be a two three four hundred percent move for that option so imagine you're short five dollars or you're short you know uh maybe the 20 calls on amc the 25 calls on amc and you're short them for like five dollars per contract well all of a sudden amc is trading at 29 you now have to cover that for an exponentially larger loss but again the the contract options contracts are a right they guarantee you the right to buy shares so when you cover that you're essentially covering x number of shares you know and that is generally speaking what like what a gamma squeezes are options short biased options traders who are hedging a position or again trying to just collect that premium getting squeezed out of their position that is more i mean that's that's what happened here that is what this was all about right that's that's why you're able to get a move on a large cap stock from 30 you know this 13 breakout right here led to 75 that doesn't happen on a 515 million float like that that doesn't happen right it's just crazy and same story here um you know because again how often does a a 16 billion dollar company uh move from the 14th to the 30s without a single red day very very rarely so and that's you know it could keep going it could keep going because you know options generally expire on fridays um so there's more room but you know i would i would encourage you to look more into you know the fine details of a gamer squeeze they don't happen all too often because again 90 of the time options traders are right um in terms of expiration people who are betting on those options going to zero but when they're not and it is a very largely attract it's a stock that attracts a lot of retail attention it's very crazy to see what those squeezes can lead to especially those who are massively over leveraged and is trading a lot of dollar volume on the day so i would love for this to keep going i you know more realistically what happens is we get in the mid 30s before that uh before that fade i ideally what happens tomorrow for a short seller right it's like another 10 to 20 gap and then fade um for the day but it's you know anything's possible at this point this is a pretty crazy bounce and amc definitely has more of a ways to go in terms of some kind of crazy run potential i would not be surprised for amcdo maybe keep grinding up i think gamestop is probably the real one to keep an eye on through 250 if that happens it's off to the races and these are meme stocks anything's possible i mean do you remember this this was a crazy bounce when it ran all the way up from whatever it was you know 15 to 500 back down to 40 then back up to 300 that's what that's the power of meme stocks and i really really really fingers crossed hope that we can get some more craziness because this stuff heats up the market you know what i mean this gets people super interested in trading this this just gets retail money back in as we're talking amc is trying to go to 30 right now uh would be really cool we'll see how it ends after hours and see where it can uh did we actually did we hit 30 um just about let's see what's the high 29.99 oh oh boy sorry for those you guys that had sell orders at 30. uh you missed it by a penny as of right now but who knows by the time by the time this is uploaded amc could get like you know 35 or something crazy so anyways let me know if you've what let me know what you down in the comments yeah sure let me know what you think down in the comments what's gonna happen to amc gamestop these meme stocks can they i we had an episode last week can they break out maybe but i want to hear your thoughts down below make sure to hit the like button if you are crushing in this market as well or even if you're not just kind of getting some useful insight from these episodes uh with that being said i will see you guys back here on wednesday for small cap recap and yeah trade safe trade trade well and have a great rest of your money monday peace we hope you guys enjoyed that last video thanks so much for watching and being a part of the stocks trade community we wouldn't be here without you guys be sure to hit that like button and subscribe to the channel if you haven't already our goal is to get 100 000 subscribers by the end of the year but we can't do it without your help so if you enjoy what we're putting out and want to hear more be sure to hit that subscribe button i'll see you guys in the next video.

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