Huge Market Correction is Coming - And Huge Buying Opportunities | Todd "Bubba" Horwitz

[00:00:01][music] Hello everyone. Welcome to the Vancouver Resource Investment Conference. How you all [music] doing today?

[00:00:13][music] Hello everyone. Welcome to VRIC Media, your most trusted voice in metals and mining. I'm your host, Daryl Thomas, and today we're meeting again the good friend of mine, Bubba Horwitz. How you doing today, Bubba?

[00:00:24]>> I'm doing great, Daryl. How you doing, brother?

[00:00:27]>> Doing good, man. Doing good. You know, obviously the bloody markets is uh something that's been hurting my portfolio and I'm sure people watching, you know, that have been holding uh shares throughout this time uh may be under some pressure as well, but obviously you come from like a trading perspective and so you're making money on the way up and the way down.

[00:00:47]>> That's true. Uh you know, again, I'm always just so everybody knows I'm always long the market in general, right? My investment account is always long. Now, I hedge and I actually teach people how to hedge their portfolio because I know that my max risk is about four or 5% to the downside no matter what happens. And I continue to accumulate longs with the money I make off the hedge. But from a trader standpoint, I trade either side. And of course, I've been short coming into this over the last couple days because the markets were starting to peak and it looked like it was time to be short these markets. And of course, I took a short side. Now again, when you're trading, you also have to just define where your risk is going to be and where you're going to get out. I mean, at some point, you're not always going to be right. So, you have to you have to know before you put that trade on, what is your risk tolerance? What is the risk versus your portfolio versus what you're trading? Because you never want to get overleveraged in these markets because the one thing you that leverage creates, it creates you to force you to do something that you may not be ready to do.

[00:01:50]>> Yeah. Yeah. Agreed. And you know, one thing like I've done a little bit of trading and you know, you got to know your maximum downside risk and and all of that. And so, so yes, it's definitely a lot of skills there that I think investors can use. So, what's kind of your current outlook on the market? Is this just like a correction? You know, do you think we're going into a bare market crash? What what what's kind of your assessment of of the market?

[00:02:14]>> Well, my opinion has been it's been for quite a while. I think we're going down 40 to 60%. Okay. Uh I think there's too many warning signs out there. I think the markets are have too many troubles.

[00:02:25]I think you've seen uh you know too much focus and too much overvaluations and we're now entering uh the earning season which the expectations are gigantic. 23% year-over-year. You know I look at the debt, you know, [snorts] credit card debt. 15% of the population is 90 days past due on their credit cards. 7% are defaulting on their cars. 6% are defaulting on their mortgages. Now we have once again we're back to that uh no no dock loans stated income 0% down.

[00:02:57]Does that sound familiar to me? Those are all dramatic warning signs telling me that in the housing market the builders are in trouble. Uh inflation is too high. Production is not enough. Jobs are going away. So we got a whole bunch of stuff that isn't very good. And it doesn't mean that the market won't go higher. Again I don't really think that that's the automatic.

[00:03:17]Certainly at this point, you know, we you can see the NASDAQ is now just broken down through some pretty key support. So, let's see how it plays out from here.

[00:03:26]>> Okay. And so, do you think that with that in mind that it takes a lot more to kind of keep these markets elevated at at these levels? I mean it seems like the capex with AI like the expectations like you mentioned like uh coming into earnings season uh the expectations of of bigger numbers you know being printed or or more billions being being added to this AI you know um buildout and such and it seems like the expectations just keep growing growing growing and at some point you know the steam runs out of that right >> yeah I mean you can't keep overvaluing stocks again valuations are very tricky Okay, you know it's just like PE ratio.

[00:04:08]You know, you say a stock's PE is six.

[00:04:11]Is that high or low? Well, is if the industry standard is three, then six is high. So, we are in pretty lofty elevated times. And you just watch what happened with SpaceX, which opened, went to 250, and now it's trading at about 120. So, you know, we we get to these valuations where they just cannot be supported. And of course, unfortunately, we've had extremely low volume. The markets have been struggling, okay, to to find players. And I think that the commercial and the industrial trade has been on the outside waiting for a chance to sell. And I think we have to watch for volume to pick up first and also watch and watch the volatility index.

[00:04:52]Now, we're getting some volatility today. Uh, but overall, again, to me, this has been nothing more than a retail rally, and I think the big money is waiting to really pound into this. So, we'll see how it plays out.

[00:05:03]>> Okay, got it. So, you mentioned 40 to 60%. I mean, that's that's a hefty hefty haircut uh right there. Uh, so are you seeing all sectors being hit to that degree? Um, or are you just seeing mostly like tight?

[00:05:19]>> I I think the general market is just going to fall apart. Um, you know, again, it'll start somewhere. I mean, it's already started with a lot of the uh lower-end uh computer stocks, uh, AI stocks that aren't fully funded yet.

[00:05:32]It'll we started to see some movement into the industrials, into the Dow, which is not a bullish sign. It's more bearish than anything else. Uh, but eventually they'll all start to fall.

[00:05:42]Now, the other thing is is that stocks will also find bottoms at different places. If we go back to 2008, you know, you look at Amazon. Amazon bottomed in November of '08, it was at $30. By the time we got to the actual bottom of the market, it was $60 in March of09. So again, I think you have to play the IND.

[00:06:02]If you're playing individuals, then you play the individual issues and look for opportunity on either side of the market. If you're playing the indexes, okay, the same thing. Okay? Now, the indexes are a little bit safer play because they're not more they're not as affected by an individual news item from any stock. So, if I were going to recommend somebody to trade, I'd trade futures, uh, and the S&P, Dow, NASDAQ, and Russell, or I'd trade the four major ETFs, the SPY, the Q, uh, the Dow, and the NASDAQ. So, that that would be what I'd be looking for. Uh, you know, again, now those are easier to trade. They're more liquid. they give you more opportunity and they're not as as as affected by by the individual.

[00:06:43]>> Okay. So, so you said that uh movement into the industrials and and the Dow is is bearish. Uh why is that?

[00:06:51]>> Well, typically the that that's considered, you know, when it was really when it was really industrial average, it was considered the safe haven play.

[00:07:00]That's where money went when they were looking for more safety. you know the risk on risk off trade which is a bunch of horseshit but uh risk on risk off uh but that's where people tend to go to and if you go back and look at the difference I mean just a quick number you can look at right now the Dow in in in futures value is worth 270,000 the S&P is worth 38,000 uh 380,000 so the spread is about 110,000 if you go back to '08 the Dow was actually at the bottom of the market the Dow was worth more than the S&P.

[00:07:34]>> So that's where money flows when there's a little bit of panic and you'll see it come out of the S&P and and go to the Dow first and then when everything falls then they'll just all fall. But typically if we get that sell off the S&P is going to fall. The the S&P and the NASDA are going to go faster than the Dow and the Russell.

[00:07:51]>> Okay. So energy seems to be holding up pretty well. Obviously disruptions with uh the uh war with Iran. What's your view on energy at at this point?

[00:08:02]>> I think energy is a sale. I think listen this this this war stuff is is to me is is is laughable. Uh but if you look at it now let's go back every time when the war first kicked off crude oil ran to 120. The next time there was an issue crude went to 100. Now now it's at 80.

[00:08:20]So with the glut of oil in the world, with the glut of oil in this country, okay, you already have Saudi Arabia selling China undervalued because they have so much they don't know what to do with it all. So they want to turn it into money. And that to me tells me that I would be a I'm a seller of crude. Have been a seller since it's been 100 and will continue to sell it. I think it's going into the mid-50s.

[00:08:44]>> Wow. Wow. That's that's pretty low. So, so you think that the these equities related to crude and energy are do do you see crude being like a a longer term play or do you just see it being like it it just needs to be in the 50s for for a while?

[00:09:01]>> Well, I mean crude oil just needs to go down now. The the equities are a different story. They've made a fortune and we've already seen some of the earnings come out and they've been record earnings. Shell Oil and others.

[00:09:10]uh you know this whole pricing model at the retail level has been laughable. It has not nearly come down as fast okay as it should have compared to what oil is has done in in the past history. So the oil companies have made a lot of money holding on to this and and we'll see this finally come down too. But at the end of the day the last time crude was 80 you know gasoline at the pump was a lot cheaper than it is today. and and this is one of the problems which is why their profits are going to be very very high for this quarter. I mean anytime you're in energy companies are going to be fine but again we are going to see some switch you know uh the economy is bad the over supply is bad so where can prices really go if you look at simple supply demand curve >> yeah yeah yeah definitely I'm I'm interested in your thoughts on this uh which we don't have to go deep into like the the Iran situation but I remember uh when we had the first uh ceasefire you know President Trump said it'll be good to avoid avoid like economic disaster and now we're back in like a kind of like a a hot situation, hot war situation with him. Uh do you think that economic disaster could come from this uh from this conflict?

[00:10:26]>> No, I don't I do not think economic disaster can come in. I think it's just a pain and I think that President Trump has played this very poorly. Uh I I think look, if you're going to do this, then you need to just take them out, >> okay? you need to end this because you're never going to get a true arrangement or a true agreement there.

[00:10:45]So, if you're going to do it, you have to do it. And that's that's where I come from. Uh but economic disaster, it's it's it's not there's not enough there to create an economic disaster for us.

[00:10:56]>> Okay. Got it. Got it. Uh now, you know, I totally get what you're saying there too, you know, with uh you know, like you're not necessarily going to get an agreement here because like it's it seems like the more like some some folks over there, I forgot the name of the military, but they still want revenge.

[00:11:16]So, it's like it's like, you know, you come in, you kill our leader, uh you assassinate our leader, and then um and then you expect us to come to an agreement, right? And so it's it kind of seems like uh you know that's probably past the the point of no return. I'm not sure. But I'm not a geopolitical analyst, but >> well I mean that that's the problem you have there. See, let's say 98% of the Iranian people are great people, let's say. Okay. But the 2% of the fanatics control the country.

[00:11:45]>> Yeah.

[00:11:46]>> Okay. So, you know, you have to take care of them. And of course, they're going to until you get rid of the fanatics and the nuts, you're going to continue to have these issues. It's no different than, you know, some of the gangs in in this country. You know, when you have these things happen, they're not going to change no matter what deals in place. They don't want a deal. They want to continue to create chaos. So, until you get rid of them >> and clean it out, you're going to have the same issues that you have.

[00:12:10]>> Yeah. Yeah. Yeah. Totally, totally get what you're saying there, too. Uh, so, uh, curious in your thoughts on gold and silver at this point. They keep coming under pressure, especially the equities.

[00:12:21]Gold has been 4,000 has kind of been that level that I've been watching. Uh it's went down lower uh than 4,000 yesterday, came back up to 4,000 at the end of the day, and it seems like that's the support level that is being tested constantly. And uh silver just keeps falling. I mean, I think silver was at 55 bucks uh last I checked uh in uh 56 or 55. And so curious your thoughts on the on the metals.

[00:12:47]>> Well, I like the medals in in this area.

[00:12:49]Uh, silver's 55, gold's 4,000. I think gold four gold could go to I mean this could go anywhere, but I would think the the if it goes lower, I don't think it can go much lower than 35 or 3800, but I do like the 4,000 level. I do like the 55 level in silver. So, I I would certainly not have a a problem buying it here. If I were going to buy it and hold it and store it and buy physical, I'd have no problem buying it there whatsoever. Uh, from a trading standpoint, again, I'm been a buyer at 4,000 and and and look for it to rally off of that. Uh, but if I was going to buy it to invest, I'd buy it right now and not even think about it. And if you're afraid and trying to pick it lower, then take a percentage of what you want to buy. Buy a little bit and then you can buy more either on the way up or on the way down. So, you can average up or average down. But to sit and do nothing at these levels, if you're going to buy it, then this is the time to start.

[00:13:42]>> Okay. So I'm curious in your long-term view on on the metals and I also have another question. Uh so obviously you know massive money printing M2 money supply has been skyrocketing again. Uh we have uh the Fed is saying that it's not quantitative easing but it has been supporting uh the banking system and and u and buying some of those uh some of that debt and such. Their balance sheet have been has been increasing. Uh you have uh you have war, you have uh conflict. I mean Russia Ukraine's kicking back off and such. It it would seem that gold would be that safe haven that people have always referred it to being. And so why do you think it's under pressure right now?

[00:14:27]>> Interest rates are rising. Okay. Right now that takes away some of the luster from gold. The higher interest rates gives people a place to put money now instead of, you know, having to look for the inflation protection. Uh I I think that again gold ran too far too fast just like silver did. And as usually happens markets overcorrect.

[00:14:50]Okay. And the overcorrection that we're seeing is what we're seeing now. Uh and of course it doesn't help that the equities are under some pressure because of course people will sell other assets to protect some of the crappier assets that they have because they think they'll come back. And that was one of the pushes down in gold as well. Uh like I said, I'm a I'm I'm bullish gold or I'm I'm a fan of gold. I own gold. I'll buy more. Okay. And I think that there's a possibility. I mean, I don't think it can get to My original target this year was like 6,000. I don't think it can get there now. Obviously, anything's possible, but I think that if we can hold this 4,000 level, I think we can get back up into the fives and maybe a little bit higher than that.

[00:15:33]Yeah, it's been interesting seeing like the central banks uh buying of gold has been increasing over the past few months. And then um you know, we we had a lot of banks come out. They had these high targets. Uh I mean, you had Bank of America and JP Morgan, I think they both had like five $6,000 targets and such.

[00:15:55]And I mean, even Morgan Stanley saying 20% gold allocation in your portfolio.

[00:16:01]What what kind of signal did that give you when when you saw like the the big banks and and everything coming out and giving these these high higher price targets and more of this kind of bullish sentiment on gold?

[00:16:12]>> Well, I think that they were trying to push the prices higher so they could sell futures contracts against our holdings. You know, the banks are kind of quirky about the way they do things and and you know, you want to talk about potential spoofing and things like that.

[00:16:25]You know, listen, I came from the trading pits when the big banks had a buy broker and a sell broker and they'd send a small order to one side of the pit to create a buzz, but the bigger order was the opposite. And it's the same way that they put out news. You know, big banks have their own agenda of why they're saying what they say. And normally that agenda is to help their own traders uh either accumulate and make some profit or get out of a bad position. So, I don't put any stock into what any of the big banks say.

[00:16:58]>> Okay, got it. That's that's good advice.

[00:17:01]Uh, so if for the long-term investors uh that are looking 5 years down the road, where do you think gold and silver could be, you know, longer term? Oh, >> I think gold and silver would be much higher. I mean, 5 years from now, gold should be probably in the 7,000 level, probably 8,000. Again, I don't like I can't really focus, you know, my first focus would be it has to break the next resistance level, but certainly if we go year-over-year and the the the rise of gold on a yearly basis in history, I think that that's what we got. I think that they will continue like the equities. I mean, I'm very bearish equities here, but 10 years from now, I'm sure we'll be up that average of eight and a half% year-over-year.

[00:17:42]>> Yeah.

[00:17:42]>> Okay.

[00:17:43]>> So, that is is what I'm looking at. And and that is what I want to to focus on is you know if you're an investor then make sure that you're investing you're not using leverage and you're not going to look at it every five minutes and watch the movement daily of what's happening. Right? Again we can't focus on what's going on minuteto minute because your investment is a lifetime investment not a minuteto minute. So, you know, you and anybody who buys, for example, you buy physical gold, you're not trading that. And if you're going to be forced to sell it, I assure you, you're not going to be selling it for more money. You're going to be selling it at a loss. So, when you're investing, you have to have a different mindset and invest with money and dollars that you have that you can hold on to, okay? And not put yourself in jeopardy to be forced to sell out. Mhm. How how long have you been uh buying physical gold?

[00:18:42]>> I've been buying gold since a thousand.

[00:18:45]>> Since thousand. Okay. So, >> and I've been buying silver since it was $10.

[00:18:50]>> Yeah. Yeah. So, so you've you've seen like the the benefits of holding longterm.

[00:18:55]>> Now, again, you have to if you're going to play the market and as an investor, again, there's a difference between trading and investing. You have to be willing to go through the es and flows of what the markets do and you're basing your position on the long-term statistics of what the market is and that's the the market in gold has gone up year-over-year in history and I I don't think any reason to see that's going to change.

[00:19:16]>> Got it. Got it. Uh what's your take on the dollar? Where do you think the dollar's headed?

[00:19:21]>> I know. I think the dollar's, you know, probably headed a little higher here, but you know, I think right around par is where it's kind of stuck at. It's not really a a great look. Uh I don't think it's going lower for now. I think it's going to continue to to churn around here. Uh and you know uh they try to put weight on the dollar because you know there's the commodity selling and things like that. But that really to me doesn't mean anything. I think that you have to look at it as a as a perspective that a strong dollar is good. Okay.

[00:19:50][clears throat] And the dollar is still the reserve currency. So if I'm right on my assessment of what's going to happen in the market and what's going to happen worldwide, then the dollar will gain some strength because countries buy US dollars as a form of a as a safe haven investment.

[00:20:06]>> Mhm. What do you think about diversifying into uh foreign currencies?

[00:20:11]So, I've actually been looking more into like the Swiss Frank, like, okay, why why own the Swiss Frank and kind of doing some research on that as well as like the Norwegian crone? Uh, what's your take on like other foreign currencies? And like, uh, do do you diversify in foreign currencies?

[00:20:28]>> Well, I trade them, but I don't invest in them. I mean, I trade the Euro currency. I trade the yen. Uh, you know, uh, I trade the Swiss occasionally. Uh but overall I'm not going to invest I don't want to invest in a government product.

[00:20:44]>> Okay? You know the best of the big bunch is is the Swiss because it still has a gold a gold backing to it. But the rest are all error. The fiat currency system is a scam system in my opinion. So why do I why would I want to invest and hold something that the government can control in a second? I don't I don't like the currency markets in general because they're all they are is more debt.

[00:21:09]>> Yeah. Yeah. Yeah. Agreed. You know, I I was kind of looking at the Swiss during the 2008 uh financial crisis and just looking at how much it appreciated versus the dollar. And so, you know, I could see why someone would want to like hedge their dollars with the foreign currency that's typically more favor. I mean, their government's more favorable towards uh you know, those that build wealth. I I remember I think they were trying to do a wealth tax or something and it got it got uh repealed and such because the the people didn't want that.

[00:21:42]You know, obviously like you mentioned like they still have gold backing. A lot of people move their wealth there and such. Um and gold is huge there. And so I could see how it could be like a more of a protection, you know, if if we were to go through some dollar crisis. Do you think that's uh that's accurate?

[00:21:59]>> Yeah, I think it's very accurate. Again, I mean the Swiss is more of a safe haven kind of play if you, you know, again, it is against gold. So, uh, again, like I said, to me, those are trading vehicles.

[00:22:11]I'm not a big investor in those. I would buy them, hold them, sell them, but I'm not going to I'm not going to count that as part of my investment portfolio because again, I don't like anything that is based on debt and based on government being able to print new money. Okay. Yeah, >> the Ponzi scheme of the fiat currency is not for me.

[00:22:31]>> Yeah. Gotcha. Gotcha. Uh what's your thoughts on Bitcoin these days?

[00:22:36]>> I think Bitcoin stuck between 60 and 65,000. Um you know, I I think I like it. I I I don't I don't know it's going to run away and and hide right now, but I like it. I think that it's got some potential. Uh but right now, we're just kind of stuck in this range. So, you know, until we can, you know, break out of this range one way or the other, I don't see anything to uh to to to do here.

[00:22:59]>> Do you think Bitcoin goes higher eventually? I mean, we we had the the ultimate bullish um you know, the ultimate bullish kind of story which was, you know, we had the United States president show up to a Bitcoin conference and uh you had government policies and and laws being changed around it. So, >> I think that Bitcoin goes higher.

[00:23:21]>> Okay.

[00:23:22]>> I I I think that um you know, again, I think it's it's kind of like the currency of the libertarian um you know, free market, you know, so I think it goes higher over time. I mean, you're see you're seeing it widely accepted along among a lot a lot of places, you know, even here in Las Vegas. Now, the sports book are taking uh Bitcoin as payment.

[00:23:46]>> So, I think that it's it's considered to be a real currency. And you know, we'll see. I mean, there's a lot of people that don't believe in it, but if you take the younger generation that all they know is digital, whether it's real cash or or Bitcoin, they know digital.

[00:24:00]And there's a lot of young kids who made a lot of money in the Bitcoin world because they understand it. Mhm. Do you think the broader crypto market are are you bullish on that or >> I mean parts of it I mean to me they've got to be they've got to have a market cap of you know in the billions before I'd even think about it. I mean there's probably out of the 13,000 different currencies there's probably 10 or 11 that are good that I would look at. I mean Etherum Salana some of those but overall I mean there's a lot of scams out there too. So I'd be very careful.

[00:24:30]>> Yes. It's still the wild wild west in some ways, you know, uh, with the the crypto markets. You definitely got some some coins that are pump and dumps. You got the meme coins and all of that. And some people are just like, I just rather rather not even touch it. [laughter] And so, um, all right. So, what other commodities are you looking at as far as, uh, I know you trade multiple different commodities. Which ones are you most bullish on at this point? Or are you bearish on commodities?

[00:24:58]>> No. No. Last time we talked, I said, "I'd like the grains." And the grains have had a nice big move up. I still like the grains. I think they've got, you know, we got some hot and dry weather, and I think, you know, if the markets sell off, you're going to start to attract some of that new money. So, I like I like the grain markets. Uh obviously, gold and silver are commodities. I like those. I'm a I'm a seller of uh of cattle and hogs.

[00:25:20]>> Um you know, that's about the extent of uh of the commodities that I'll trade that are liquid enough for me. But I'm a big fan of the grain markets in here.

[00:25:28]What do you think about the agricultural stocks? Uh so stocks like Mosiaak and and others they I mean they I mean obviously you're talking about the futures. Um but the stocks >> Caterpillar, Mosaic, uh deer, you know, they're all good. I mean they're pretty pricey right now. I mean, I'd wait for those to come in a little bit, but you know, they're I mean, Mosaic's pretty cheap, but you know, I I think that, you know, the any of the deer, caterpillar, mosaic, pod ash, any of those are are something that I would look at to play.

[00:25:59]>> Okay. Do you think that's the only part of this commodity run that that really hasn't moved?

[00:26:07]>> They were very they were they were way behind the markets and have now started to move and they've moved pretty sharply. So they, you know, corn, you know, wheat's over $7 now. Finally, it was down in the fives. Uh, beans are over $12. They were down in the low 11s.

[00:26:21]So, we're seeing some pretty good movement.

[00:26:23]>> Okay. Okay. What What are your thoughts on the platinum group metals? How you been looking into those?

[00:26:28]>> I like platinum. I own a lot of platinum. Um, you know, it hasn't it's been pretty disappointing recently. I mean, after the big charge it had, uh, it's broken some pretty key support.

[00:26:36]It's right there at 1,600 where it better hold or I think it's probably going lower. Um, so I would be very very careful on that.

[00:26:45]>> But I do like it. I mean, listen, again, I'm I'm going to hold it for for long term. So, I'm not getting rid of it anytime soon, right?

[00:26:52]>> Yeah. What What levels would you be buying at?

[00:26:54]>> I'd buy it here at 1,600, but I mean, that's that that's that's a level that uh, you know, that I like.

[00:27:02]I'd be willing to buy it there. Uh, I'd be will buy at 1500. I mean, you know, I've been buying it all. I bought it all the way up and all the way down. You know, I owned it for years. Yeah, I remember when platinum was uh below I think it was below $1,000. Um and then we had a big huge run in in December um of last year. I think it ran close to $1,000 in in a month. Uh so that that was pretty >> it was up huge. I mean platinum made a giant move. I mean it was from you know uh platinum went from you know 1,400 all the way up to 2800 >> you know so you know again it's look at one point for those who don't remember platinum used to be over gold.

[00:27:46]>> Yeah.

[00:27:47]>> Now it's a third of >> Mhm. Yeah. Yeah. Yeah. Definitely. I always mention this every time because I just remember growing up all all the rappers used to talk about platinum. You know they weren't really talking about gold. They they wanted the platinum chain and platinum rings and everything.

[00:28:02]And so I platinum was mentioned in a lot of songs during that time when platinum was over gold. And uh I remember a friend of mine he he had bought a platinum necklace and then when the market crashed he he tried to sell it and he he told me that he he didn't get as much as much as he paid for.

[00:28:18]>> That's for sure. That that's anytime you're forced to sell that's what happens.

[00:28:22]>> Yeah. Yep. Definitely. Okay. So um well Bob appreciate you for coming on show.

[00:28:27]giving us your your thoughts on the markets and where you see things headed.

[00:28:31]Uh where can the audience uh connect with you, ask questions? I know you have some um calls, live calls you do.

[00:28:38]>> I do a lot of live calls. They can go to uh go.batrading.com and check me out there. And uh you know, I think I've offered before on your show before, but I've written two books on options, which I'd be happy to give the PDF files to anybody in your audience.

[00:28:51]All they have to do is email me at bubbatrading.com and I'll send them a free book. Two free books.

[00:28:56]>> Okay. options trading. Options trade.

[00:28:58]Tell tell us a little more about that.

[00:29:00]Are you are you talking all types of options covered calls and all >> I don't do covered calls because that's a horrible trade, but I teach people how to do synthetic covered calls. Um, and I teach them, you know, we do we we do uh my book, one of my books is on weekly options, one's on regular options. Uh, but I do I do a live call every Saturday how to and teach people how to trade options.

[00:29:20]>> Okay. Are you just curious in in your thoughts on options just really quick?

[00:29:24]Uh are you are you into like leaps? Do you think do you think leaps?

[00:29:28]>> I'm not a leap player. No, I'm I'm into creating uh synthetic stock using shorter term options because the cost is so low so much lower and I can control a lot of shares, you know, with a little bit of money.

[00:29:41]>> Yeah.

[00:29:41]>> Okay. Uh and I can actually teach people how to buy a call or buy a put for half price. Then it's posted on the board by using a combination of options to do so.

[00:29:51]>> Okay. Okay. Yeah, I'm g definitely have to check out that book. You know, I trade a little bit of options here and there. I've gotten in and out of the markets. I've studied charts and everything, but I haven't like fully immersed myself into it. And so, I I think your book could could be beneficial. So, I'm going have to be sure to email you and get a copy of that.

[00:30:07]>> You absolutely should, my friend.

[00:30:09]>> Yes. Yes. So, you all you all got the information. And be sure to email Bubba to get a copy of those books, the PDF copy, and then also check out uh his website where you can join some of the live calls and see what trades they are making. And Bubba, appreciate you for coming on. And Carol, >> thanks. Always great to be with you, man. You got a great show.

[00:30:26]>> All right. Thank you. Thank you. All right. You all take care.