Rob Helmick & Nick Battista 9:15 am We Trade Live $2.5 million in AI Robot Trades Day 190

[00:00:00]Three. You are looking live. Welcome to Math Makes Money with Rob and Nick. I'm Rob and he's Nick. Nick, what do you got for me today?

[00:00:10]>> Good morning, sir. Well, a little bit of a kurfuffle in the market this morning.

[00:00:15]You got E- Mini S&P 500 futures. Uh, currently down 25. They're down about 30 and change just a second ago. A little bit of volatility getting pumped in the market here. You got the the NASDAQ down 253.

[00:00:30]You've got the Dow down 72 and the Russell down 11. Uh oil futures kind of the story of the session here up $261.

[00:00:39]We're just under 87 a barrel. So big move in oil. Some things popping off in the Middle East in the uh overnight uh uh session here. You've got volatility futures up 19 ticks. We're at 1860. You got bonds down six ticks. They continue lower. the rate hike odds. If you look at the CME watch tool have steadily increased in September. So, we're at about a 64% uh probability of a hike, which is um kind of weighing on markets a little bit here. Gold and silver both heading a little bit higher here. Gold having a nice little bounce over the last, you know, two or three sessions here, up $54. Silver up 63. Bitcoin kind of uh moving lower as well. One of the earnings that was yesterday, you have GE Vernova. It's down about $40 or $50.

[00:01:23]well inside the expected move. If you look at the expected move from yesterday, about $88 move. It's only down about 40 or 50 bucks here. So, um kind of muted there. But yeah, a little bit of a little bit of a a spooky start to the session here with oil moving higher. Little geopolitical uncertainty to give us a little bit of volatility.

[00:01:45]>> Well, I actually kind of like that, tell you the truth. I love it.

[00:01:49]>> You should. That's opportunity.

[00:01:51]>> It's opportunity. Yeah. You know, as I always say, when I go to bed at night, I pray for the good Lord takes care of my wife and my kids and my dog. Not in that order. And uh-oh, dog gone it. This the caption thing keeps coming up. And I also pray that the cues go down 500. And my prayers are have not been answered yet this morning, but it looks like they're getting there.

[00:02:12]>> Well, your bet as as Maria would ask, where are they trading? They're right at 29,000 again.

[00:02:19]>> Right at 29,000. So down 250ish. Is that without me looking here?

[00:02:22]>> Exactly. Yeah. But 29,000 has kind of been the the pivot spot in the NASDAQ futures just to give you a little look here. You know, >> show me the chart with the with the naked uh green ones.

[00:02:35]>> The right here. Oh, I got to pull it up.

[00:02:37]I'm sorry.

[00:02:38]>> That's the naked green ones. I like those. Yeah. Yeah.

[00:02:41]>> Yeah.

[00:02:42]>> Um so 29,000. This kind of been the bounce spot. Uh, it'll be interesting if we can kind of break a little bit lower than there for more than a day.

[00:02:52]>> I like that. I wish there was a way we could make that bigger on the screen. I think maybe I think I'm going to go try and go to the web-based version and see if I can't blow that up.

[00:03:00]>> Just the chart.

[00:03:01]>> Yeah. No, just the whole platform.

[00:03:03]>> Just I have it on the largest I can get.

[00:03:05]I got I got a lot of cool trade ideas coming and I just want to make sure that people can see them. That's my >> You know what I I That was my bad. I I had my zoom at 100%. Now look, that's a little bigger.

[00:03:17]>> It is. It is >> a little bit a little bit bigger. The chart's not as big, but we'll work on it.

[00:03:23]>> We'll work on it. The show will never be as bad as it is today. Today is the worst show we'll ever do. Yesterday was the worst. Now, I mean, no, yesterday was No, yesterday was worse than today.

[00:03:33]Today was better than yesterday. That's right.

[00:03:35]>> This is the worst it'll be. Tomorrow it'll be better.

[00:03:37]>> The worst it'll be. All right, let's take a look at the crazy.

[00:03:40]>> Quick shout out to uh Donald in the chat. uh a a good morning for both of us as well as the crazy Ivans, the Ivanitos, and the fellow zero DT traders. So, shout out to Donald over there.

[00:03:51]>> And Donald brings up a good idea. We are having a contest where there is no prize yet, although we're going to think of something for uh I want my challenge to Nick is to come up with a crazy Ivan in a lower than $15,000 of buying power.

[00:04:08]>> Man, you keep lowering the bore. It was 20. Now it's 15.

[00:04:12]>> No, no, not 15,000 in buying power for each one. Right now, the ones I put on take $15,000 in buying power for each one.

[00:04:19]>> So, what I'm looking for is what if somebody has a $20,000 buying account, buying power account, maybe 15,000, maybe 10,000. Yeah.

[00:04:27]>> You know, it's like limbo. How low can you go?

[00:04:30]>> And how can they get in on the game?

[00:04:31]It's not It's not fair to them. I want them to be able to get in on the on the crazy iPhone game. And then for the zero DTE, same thing goes for that. And you know what else I've been talking about Nick? And you know one thing when it comes to this show is we really lack a lot of preparation which makes it a lot more fun but also makes it surprising and you're about to be surprised.

[00:04:49]>> I am thinking what do you think about this? What do you think about me putting on a zero DTE trade live and doing it two ways doing it manually and doing it with the robot and showing the difference. That might be kind of fun.

[00:05:04]>> I think that's I think that might be kind of fun. people can see the difference between the robot and the uh and the humanoid doing it. In addition, I think what would be great is uh it shows exactly what it is. A lot of people don't, you know, it's like, wait a minute, multiple entry iron condor.

[00:05:20]What is this mess? You know, it's it's just an iron condor. Really, all it is a put credit spread and a call credit spread going on separately. I mean, it's not super complicated. And then I can go in and do the stop-loss later and have some fun with it. I have to admit I don't think I've done one manually since October 1st when I started trading at real volume. Yeah.

[00:05:39]>> And you know I've been trading at least a hundred of them every single day since then. Today Phil I noticed the count this morning was a little over 200. Not a lot but a little over 200 today. But he I said to him this morning I said what if you know what if we uh what if we try something before 10 o'clock. He said okay. Yeah. Yeah. He's saying, "I think I got you at 9:54 or I got you at 956 or 957."

[00:06:03]>> And so, so I got those in my little tool bag here. And if you want to, if you remind me, we can do that. We can go in a little bit. He said you can go in, you know, anything after 9:37 is okay this morning. It's not ideal. He likes to let it go a little bit longer. I'm guessing that's because of your oil situation that you talked about.

[00:06:20]>> Maybe. Yeah. A little bit of volatility, too, in the market. I mean, I I think it's going to be an interesting day because you have some big earnings after the close today. You have Tesla uh reporting earnings after the close today as well as Google kind of one of the bigger names. Um obviously bigger names in the market, but bigger names in the AI space. You know, it's kind of taken over as you know the leader of the Mag 7s. Uh besides Nvidia obviously in the chip space, but uh Google kind of has been the winner of the Mag 7s in the AI race. And so it'll be interesting to see how that one plays out because it's had a pretty decent down move, which is something that, you know, generally when I'm looking at earnings trades, I get a little queasy when, you know, a stock is at all-time highs and they're reporting earnings. I feel like, you know, you kind of bake in all the good stuff here.

[00:07:08]You know, it's down from it was as high as like 400 in the middle of May and it's come down to three, you know, 40 350ish. And so when you look at it from a raw number perspective, a lot of people will be like, "Oh yeah, well it's, you know, doubled since this time last year." And that's that's totally true. But you've had a year of price action for, you know, the market to determine that, okay, this is, you know, this is real, right? I mean, if price is overextended, the market will price it.

[00:07:37]Well, the the price is the price. You can't you can't debate that. So, you know, over a year time frame, I get comfortable with where we're trading.

[00:07:45]And given that the stock is down 10 or 15 20% from highs, that makes me feel a little bit better. It might be an interesting, you know, short put sale if you're looking at those like, you know, around the 320ish mark here, kind of where it was trading earlier in the year and into the end of of last year, call diagonal spreads, those sort of things.

[00:08:05]Um, that's kind of the the way I'm looking at Google. And I think it I think it has the opportunity to do a little kick save on today. Uh given the little bit of volatility in oil and and move in oil that we've had today as well.

[00:08:17]>> Well, when I used to report earnings, I tell you uh one of the things my CFO said is you keep it sweet and pure and wonderful and I'll hit them with the real numbers and do the best that I can.

[00:08:28]And luckily for us, the best we ever did was losing a million dollars a month.

[00:08:33]So, and we were a brand new little company. So, that was okay. it was okay for us to have and those were considered great numbers. I mean great numbers really good.

[00:08:41]>> So back in the day that was back in 1980 before you were born actually before you I think I'm pretty sure that was before you were born maybe not but it's late 80s. So >> uh and gosh was it late 80s? Yes it was.

[00:08:53]How about that? So uh what I what I see a lot of these times on these earnings is you get the the call starts right.

[00:09:00]put out the report and the first stuff is all fluff and the thing goes up and then people start getting down the numbers are like wait what and they start looking at it and then it goes down then the CEO starts talking and it goes back up you because they typically the way it works typically market close 5 to 10 minutes later we waited 15 minutes you put out the numbers uh you put out a statement and then you wait 10 more minutes or 15 more minutes and let that be digested by the quoteunquote press >> and then back then and then what you do is the CEO starts and saying, "Man, things are looking good." And then then they explained, you know, how things are looking good at losing a million dollars a month. And then and then the CFO comes on and he goes and then the CFO takes the questions. They don't trust the CEO to take questions uh normally because they don't want to, you know, have you mess that up. It's it's all numbers.

[00:09:49]It's really what comes down to is investors ask. It's funny because we, you know, at Tasty, we looked at earnings very frequently, of course, and you know, overall, if you just put it in a vacuum and you took all the S&P 500 stocks on a quarter-to- quarter basis, it's basically a 5050 shot whether the stock goes up or down. Um, there is nothing there's nothing to glean from an earnings uh announcement in terms of direction. It's completely random. You could have fantastic numbers and the stock go down. You can have horrible numbers and the stock goes up. I mean, you can have, you know, bad numbers and the stock goes up. It's it's totally it's totally random when you when you take a huge data set. Um, it's uh it's a tough it's a tough way to trade. It's it's very much an engagement trade for me. It's not something I I focus on too much. I wanted to get to one question here. Matthew asking about the crazy IV buying power. Um, they were saying that they looks at about 27,000 on their account. So, it might it might depend on what broker you're using. So, I don't I don't know what broker you're in. So, that could be something. It'll also depend on how close at the money your option is and how much time you have left until expiration. So, closer at the money short puts are going to use a lot more capital than further out of the money puts. um closer to expiring puts are going to use more capital than further out uh expiration puts. So those will all factor in there. Um also it'll it'll change based on your account type whether you're in a standard margin account which is a reggg t margin account or in a portfolio margin account. If you're trading portfolio margin is usually the way to go if you have like I think the requirements at tasty is 100,000. I don't know what the requirement is at Schwab or others. Um, but those are are just some of the reasons there.

[00:11:43]>> I see that Tyler is in Porsche Guy, which is Tyler, my son. He's in there.

[00:11:48]He did a very detailed analysis and he figured out that it's 50/50.

[00:11:52]>> Yes, it is.

[00:11:53]>> Also joke around the house. It's always 50/50. Everything we do is 50/50. Except for Phil, who wins 53% of the time. Man, I love that kid.

[00:12:03]>> Phil. Oh, Tyler, too, of course. Is Phil do you consider Phil a kid? Is he your kid? Is he like your like you've you've >> he is I'm very protective of him. Uh but in our our quiet moments at home, I will uh speak to him as an Italian. Not not an Italian. As you give him a voice, you know.

[00:12:21]>> Does he have a voice?

[00:12:22]>> He does not. He does not. Vera does.

[00:12:25]Vera does. And >> getting ready to >> It's a sexy British voice. I'm not too into the big >> I am out of the judging women business.

[00:12:35]That is no longer except for one woman and she always gets straight A's. There is no >> there it's 100%. Smart 211 everything is great.

[00:12:46]>> Be wary of any woman asking you a question because they already know the answer. They just want to see if you know the answer. And let me tell you my friend, you do not. You do not. You think me as I've said many times the man's plans. What are your plans? He said I'm going to have burger tonight for dinner. You ask a woman what your plans. Well, we're going to get married in four years and five years from now we're have our third child and his name is going to be Philip and you know he's going to go to such and such kindergarten. They got a plan. You don't even got a clue. All right. How we get off of this? Let's talk about Let's talk about Donald D's uh buying power. You want to give me a you give me a little screen time with my Yeah, sure.

[00:13:19]>> thing. So, here here we go. We're going to look at the cues, right? I'm going to trade these bad boys. And Maria uses a little more buying power than me. Not much more, but I always give it a shout out to her way of training. Close up your account there for a second. You had to >> Oh, well, what are you gonna do?

[00:13:34]>> Don't want to dox yourself. You know, >> it's it is what it is. So, okay. I mean, God knows I tell every freaking up and down penny by penny so you can figure it out, >> right? All right. So, I'm going to go out >> there. The market's open now. Sorry. Got to get back to this. We're going to get back to you, Die. I'm going to show you what we're doing here. Look at this thing to the moon. Right.

[00:13:54]>> But we were down We were down 250. What are we doing here? you you go through the market if you want.

[00:13:58]>> Uh we got >> I want to show I want to just show how we can get his mark buying power down.

[00:14:02]>> Yeah, sure. Um so we got E- Minis uh down 18 here. NASDAQ down 200. A little bit of a bounce here in the uh opening print. I'll go to a minute chart for you just so we can show this a little bit of a rally there. You got the Dow down 60, the Russell down 8. Uh I think really the story of the day, oil at 86 and change here. You got volatility futures up small. I mean, they they've come in pretty significantly over the last couple sessions here, which was kind of giving me the uh green light here, but I imagine we're going to stay kind of around this number with given that we have some big-time earnings after the close today. Gold and silver both higher. Uh bonds down about five ticks as well. Look at that. Dow just ticked green for a second. Uh mixed bag today.

[00:14:46]I I I think today I think today is going to be a really good day. I don't want to jinx it. I don't want to count the chickens. um while Tyler's listening.

[00:14:54]But I think today I'll >> hit you hard if you do that.

[00:14:57]>> I think today will be a choppy day. Like a choppy sideways day. I don't think it'll be an Eminem day. I think I think we're we're setting up for a choppy day here. You got Google earnings after the close. Nobody's nobody's going to be slinging today. I think today is just going to be, you know, rebalancing.

[00:15:12]Choppy choppy inside day.

[00:15:15]>> That might be a good day for us zero DTE players. We love that. And one of these days we got to get Tyler in here. I know he's working on getting a better microphone and camera. Yes. And he is going to be broadcasting from his hanger where he's got all his he doesn't have an airplane, but his neighbors do. He lives in a community with 600 hangers.

[00:15:31]It must be nice to have a $3 million toy.

[00:15:34]That's his neighbors in a nutshell. And a lot of them are race car drivers and, you know, professional people, whatnot that uh >> it's it's interesting group of people.

[00:15:44]Let me just put it that way. It's a really interesting group of people.

[00:15:46]Yeah. So, now let's get back to the the the trade at hand.

[00:15:50]>> Yeah. You want me to get back to you?

[00:15:52]I'll put yours on.

[00:15:53]>> Yeah. Gosh, I was going to uh Oh, okay.

[00:15:56]So, Maria's got this. Someone asked, you know, what are we using for we use I Maria uses chat GPT and she's upgraded, I think, to the most expensive one. And I use uh Claude and I use the most expensive version there. And uh I like them both for different reasons. They're both fantastic. They're great to to pit uh one against the other. But let's take a quick look at at uh and she's she's going to show you uh live how she does this stuff. Okay. So, real quick, I'm going to go here. I'm in the cues. We're going to hit trade when I started here.

[00:16:28]I'm looking for 45 to 60 days. No, 40 no good. 57. Okay. 58. Okay. But that's the next expiration. I'm not ready to go there yet. I love these end of month stuff. I'm not crazy about the weeklys because it's not as many of them. I'm going to go out to 12 delta, right? And that's going to be doinka doink right there. I don't like the the hundreds. I like it to be the thousand, the 250, the 500, 750, just cuz normally there's more of those babies hanging around. Look at that. Look at that. You know, somebody somebody's playing pretty hard here, Nick. You see this?

[00:17:00]>> Somebody's got a big I'm guessing that's a 2500 lot in there somewhere.

[00:17:04]>> But okay. So, and if this thing >> open interest or volume, that's open interest. That's open interest. Open interest is the amount of contracts long or short that are currently open. So it does not indicate whether it's net buys or sells. It's just open contracts.

[00:17:20]>> What's what's the difference? Okay. But volume doesn't show >> volume. Yeah. So volume is agnostic to open or closing. It is simply just the amount that is traded today. And for the futures, that includes the overnight session going to, you know, 12 ama uh 12 pm 12 am.

[00:17:38]>> Gotcha.

[00:17:39]>> You know, from this this morning, like the morning print.

[00:17:42]>> So, right now we're down 170. I'm not going to go unless we're down 300, 350.

[00:17:47]But would it be fair for me to go 100, 200, 250, 300? Say if I put this number right here, 232, is that going to be roughly the same as it when it's down 300? In other words, I can't I can't put in an order any broker that I know of that says, "Hey, when the Q's are down 300, go ahead and sell one."

[00:18:03]>> No. What what you can do So, uh you're looking at what option there?

[00:18:08]>> So, you're which expiration are you in?

[00:18:10]>> That must be >> 52.

[00:18:11]>> Yeah, I'm at 57. 57.

[00:18:13]>> 57. And you're looking at the 20 >> 5,000 >> 25,000. Sorry, it's a little small on my screen. So, the quickest way to kind of synthesize a move, and I do this all the time. Like if you say, "Okay, I want to sell this when the the NASDAQ is down 200 points more." You can just look at the 25,200 strike y >> and that option is trading right around like 220 225ish.

[00:18:39]So you can kind of synthesize that.

[00:18:41]Okay, if you get a little bit of a downside move, you're 25,000 strike is going to be 200 points closer relative to where it is right now. Yeah.

[00:18:50]>> So, it should trade somewhere around 220, 225, >> something.

[00:18:54]>> Well, it's a trading show. Let's trade, baby. There we go. And we got 225. Let's put in a half a point for the dog.

[00:19:00]Barbie loves those treats and the feathers. And we got ourselves a trade on lickety split. Look at that. Here we go. Everybody wants to see what I've been doing. Here's what I've been doing.

[00:19:09]That's the trade I put on today. And here's the last seven days. You can see I've been opening and closing and just living the dream. Back and forth, back and forth, back and forth. doing a lot less than what Nick and Tyler told me to do where I would have made a lot more money. All right, that's okay.

[00:19:23]>> You want to try something live which is probably a terrible >> We want to talk about Donald's uh uh buying team Christmas.

[00:19:29]>> So, one of the things that you can do and I can show this on mine if you want me to flip to mine.

[00:19:33]>> Yeah, sorry. Do it. Yeah. Yeah. Yeah.

[00:19:34]Sorry. My bad. I got I got involved in my own trade.

[00:19:39]>> That's okay. So, if you're looking at these options and and as we discussed, closer you go at the money, it's going to use more capital. This one is 37,000 at the TW 28,000 strike. If you go out to where Rob's trading at the 25,000 strike, it's going to use significantly less about 15 grand. One of the ways that you can reduce capital requirement on the trade, it won't really reduce your overall risk. I mean, it'll it'll take the tail risk away, but from a a realistic probabilistic standpoint, it's not going to you're not playing for this to come into play at any point, but you can buy a wing. So, if you were to buy like the 22,000 strike um put, it's going to reduce your capital down to $6,500ish dollars. So, it cuts it by about 80, you know, 50 to 60 70% here just on that position. You can see your max loss of 57,000. Still a huge number. It's not really defining your risk, so to speak, but it is capping the uh buying power requirement and, you know, giving you that tail sort of um uh hedge. The caveat is of course that it does cost money. So it's going to cost you, you know, a pretty penny to do that. But the the great thing is you can scalp around this option. You just buy it one time and, you know, if the market goes up from here, you can scalp out of your short option, market goes down again, you can sell it out again, but you know, you can kind of keep going with that. So it's just a quick way to kind of reduce your overall capital uh that's being used on the position.

[00:21:08]>> All right. I love it. I absolutely love it. Well, we want to come up with let's let's let's try let's try something for fun. Let's try me against Phil. All right, I know I'm going to lose. Okay, I get it. That's fine. Everybody likes to watch me lose anyway. That's that's unfair. Most people like to watch some people once in a while. A few I of you.

[00:21:28]No, nobody out here likes to watch me lose. Everybody likes to watch me win.

[00:21:31]Let's do this. Let's do this. We are going to trade live with no real clear uh plan here whatsoever. So, here's what I'm going to do. All right, Nick, are you with me? Make sure I do this right.

[00:21:43]My goal is to put on an iron condor. My goal is to put on a put credit spread and a call credit spread. My goal is to do it uh $3 on the on the short put and $3 on the short call. That's my goal. My goal is to make this uh 100 wide. You know, it's this got this got 150 wide.

[00:22:06]You know what I want to do? I want to change this to I'm gonna You know what? We ought to make it fair. We ought to make it fair.

[00:22:14]So, I'm going to make this strategy.

[00:22:16]Hold on just a second. I'm going to I got to change the strategy a little bit.

[00:22:19]I'm going to make it 50 wide. So, this going to only take 5,000 in buying power. Tell you what, you want to go down to You want to go crazy? No.

[00:22:26]>> Are you What are you Are you adjusting Phil or are you doing >> I'm adjusting the robot. Yeah. Yeah, I'm adjusting the robot. I'm adjusting the robot.

[00:22:34]>> And are you are you zoomed in on your platform? because yours is a little tough to see.

[00:22:38]>> I I appreciate that. I >> We'll work on this for the the P.

[00:22:42]>> It's gonna be better next time. I could do it on a browser. You think?

[00:22:47]>> Uh no. I just don't >> I think we got to I think we got to just shrink it a little bit and and make just a window view.

[00:22:57]>> Is there is that >> try and shrink it?

[00:22:59]>> I see what you're saying. Okay. Okay.

[00:23:01]>> Yeah.

[00:23:01]>> Yeah, we'll do that.

[00:23:02]>> Yeah, we'll work on it. Hey, like everybody's saying, you know, Time Decay was asking that for this to make it a little bit bigger. Time decay, let me tell you, today is the worst show you're going to see.

[00:23:14]>> It's going to get better. It's always >> If you take us out of the picture, does that make it bigger?

[00:23:18]>> Uh, I can try that.

[00:23:21]>> A little bit.

[00:23:22]>> A little bit.

[00:23:23]>> Look at that.

[00:23:24]>> Look at that. Now I can pick my nose and nobody knows.

[00:23:27]>> Quick, go back. Is he picking?

[00:23:32]>> All right. You're a terrible person.

[00:23:33]That's what I like. All right, here we go. Ready? Here we go.

[00:23:36]>> Are you with me, guys? If you're with me, if you're going to trade this, okay, >> let's do it. Give Give me some TV time.

[00:23:42]Give me a face, a little FaceTime.

[00:23:44]Remember what the lawyers say. This is for entertainment purposes only. Do not try this at home. You can and will lose all your own money. Do your own due diligence. But I want to show you the difference between me and Phil uh in an unpracticed, unedited way. All right.

[00:23:56]This is the zero DTE iron condor. If you do more more than one of them, we call them multiple entry iron condors. We're just going to do uh we're just going to do one. Here we go. All right. We're going to do $3. So, the first thing I got to do is say which one of these is closer to $3. Well, again, I went to public school, but I'm going to guess that that is.

[00:24:14]>> And we're going to go 50 wide. Oh my gosh. So, we're going to go 50 wide or the first nickel. So, we're going to go down down down down down to uh 405. Oh, that's not a nickel. So, we'll take that. Right. So, there we go. There you go. All right. Now, notice I know we're talking about buying power. Notice that when we took this off, our buying power was 170 thou 107,000 to make 300 bucks.

[00:24:35]That is what we like to call in the trading business a no bueno. No bueno.

[00:24:39]So now we're going to add this. Now we're making 235 bucks. And look at our buying power. 4,700 bucks. That's awesome. Blossom. Now we're going to go over here and we're going to do the same thing on this side. Now Bill's going to do them separately because he's a smart guy. I can't do that. Takes me forever.

[00:24:54]Which one is closest to $3? That would be this one, right? Yeah. So, we're going to do that and we want to go out 50 we said. So, we're going to go down here. 1077 plus that 75. There we go. And look at that. Still only using 4,500 in buying power. And now we got a chance to make 500 bucks. Again, we call that a bueno.

[00:25:12]Bueno. Now, however, this is supposed to be a $6, you know, $3 and $3. So, we're supposed to be getting 600 bucks and we don't like to take the market. So, I'm going to increase this a little but bit.

[00:25:24]Right. So, this is what we want to do.

[00:25:25]I'm going to make it. So, we're going to try for 515. Now, what Phil would do is he would change this every six seconds on the put side and the call side. So, totally different than me. Nick, are you ready?

[00:25:39]>> Yes.

[00:25:39]>> Are you ready? Okay. So, what we're going to do, this is what How can you You can't uh You can't have the Who designed this system? I can't call Scott Sheridan. What the hell? Heck, >> but you got to put the order in.

[00:25:50]>> I know, but I'm just saying it would be cool if you could put it here and people could see it go on. Yeah, you can see.

[00:25:56]Oh, you have them both. So, you you can if you click that little arrow in the upper left or the upper right corner.

[00:26:02]Yeah, the one that >> look at you.

[00:26:03]>> There you go. So, you've used this platform before.

[00:26:06]>> I have.

[00:26:07]>> Yes. Well, I can see that. All right.

[00:26:09]So, here we go. We are going to now get ready. Here's what I'm going to do. I'm gonna I'm gonna put this on. I'm gonna try to get this on. I'm going to put this on and then you're going to also see Phil come roll it in here and he's going to do the same thing. Are we still at $3 on each side? Yeah, we are. All right. So, here we go. And boom. And boom. There we go. And now we're going in. Hold on a second. Here we come. Hold on the other side. I'm coming in here.

[00:26:30]And Phil is going to be Watch out. Here comes Phil on one of them. And what happened? And here comes Phil on the other one.

[00:26:37]I got to put it on. And boom. There's Phil on the other one. And where's Phil on the other one? Here he's coming in.

[00:26:42]He's trying to get it filled. And where are we? Where are we on ours? Right.

[00:26:47]>> Yeah. You're still getting You're waiting to get filled. You got to adjust the price on yours.

[00:26:50]>> That's no good. Where where is my order?

[00:26:52]Where's my order? It's at the bottom.

[00:26:54]It's the first one.

[00:26:54]>> There it is. This thing can't get filled. So, we got to replace this order. And we got to come down here.

[00:26:59]Let's get something filled, right? So, I got to come all the way down to 490.

[00:27:02]Let's see if we get a fill here. Boom.

[00:27:05]490. Come on, man. Come on. Come on.

[00:27:08]Come on. Nope. Nothing. All right.

[00:27:10]>> Got to get a fill.

[00:27:11]>> Yeah, we got to get a fill here. This is the problem when you're, you know, got to come down a little bit more. Trying to get a fill at 480. They're offering me 475. Come on, man. Come on, man.

[00:27:21]>> They're squeezing you. They're squeezing me. This is the difference. This is live TV, folks. You can't make this up. This is Phil versus Rob. And we I think we see pretty clearly who the winner is here. Come on, Phil. This >> Are you kidding me? This is This is just >> This is torture. They're torturing.

[00:27:39]>> This is torture. This is what happens, man. This is This is This is the game.

[00:27:43]>> Look at that. I'm I'm still chasing it.

[00:27:45]There it is. Okay, I got filled at 470.

[00:27:47]Now, Phil, not only did Phil get Phil got Phil got 475, so he got a nickel more, but he did it back. I mean, I was I got lucky on the market move, but now Phil's already got in his stock market orders, right?

[00:28:01]>> And these stock markets. Now, we got to go back in here and figure out these stock markets order. Nick, you're going to have to help me on these things. So, what we did now, let's just assume that we got the fills at about the same price. He's got a stop market on the 7455.

[00:28:18]So on the 7455, >> that's the short option there. Yep.

[00:28:22]>> We want to put in >> You want to do You want to click You want to click on on the option there.

[00:28:29]You want to click the ask. You got to go the other way. Yep. There you go.

[00:28:32]>> And then you want to you want to go and change your order >> the type.

[00:28:37]>> You want to do that as a as a stop market.

[00:28:40]>> Yep. you obviously, you know, I have never done this manually >> and you want to do that at a percentage, right? So, >> we I used 100% to make it easy.

[00:28:50]>> Okay.

[00:28:50]>> So, and we got to we got to fill See, you can't really tell what you got to fill on the way I did it, can you?

[00:28:57]>> Let's just let's call both of them uh two uh Well, let's do it the same way he did. Let's call it 250 on the one. So, make this on the >> Well, yeah. You can just make the stop order the same as what he has, >> right? So, we're going to make this one 590. So at 590 we'll take the market at 59 >> for one contract. You have one contract in there.

[00:29:15]>> I do one contract in there >> and and there's a trading show. All right. Now we did that. Now we got to do on the other one, right? So we got to go down here. Oh, I see what you're saying.

[00:29:25]>> Yeah. I I don't want to I want to make sure that's >> one because I had three on there. So now on this one, I'm going to do the same thing, right? Yep. I'm >> go there. But how come I only had one contract on the other one?

[00:29:38]I got lucky on that stock market. Let's just make sure.

[00:29:42]>> See, this is why you need an AI robot to just >> Oh, look at this. This says This says two. We don't want two.

[00:29:48]>> No, that's two. That's from Phil. Phil Phil filled two of them. You put on the third.

[00:29:55]>> Phil filled two of them because I as Phil said to.

[00:30:01]>> So, this is what happens you try live TV. All right. That's fine. That's fine.

[00:30:05]>> That's okay. So, we're going to do down here and it's it's already knows one.

[00:30:08]And what do we decide the stop market order is on this one? The stop market order on this one on the 7525 is you can't read that maybe, but it's trust me when I tell you it's $520.

[00:30:19]>> Okay.

[00:30:20]>> Right. So, 5.2.

[00:30:23]>> You got to change No, no, no, no, no, no. You got to change your order type.

[00:30:26]>> Order type. Stop market.

[00:30:28]>> Yep.

[00:30:30]>> There's a lot to this. I mean, Phil does all this. It's like he's a robot. Yeah.

[00:30:36]>> All right. Don't laugh at you. Maria says, "Tell Nick not to laugh at your jokes. You're just he's just encouraging you." All right. So then I hit this send order and there we are. So and just and now Phil does this 200 times a day and he does each side separately. So he's doing essentially 400. And so you see the difference between me and Phil, right? And uh I guess that goes without saying >> it's quite the difference. It's quite difference day. It's night and day. So, now let's see how we're doing. Are we winning or losing? I like it when we win, but we're not. We're We're losing a little bit, but that's okay. That's Yeah. Look at It's early. It's early.

[00:31:15]>> But now you get the idea of how this thing works. And I thought that would be fun.

[00:31:20]>> Yeah, that was great. That was great. I think um we So, we got a handful of minutes. I know there's some more coming on uh in a couple minutes.

[00:31:29]>> Time check. Time check. 9:47 it is. And I want to tell you, let me just get the uh I know you're going to ask and I just don't know the answer yet. You're going to ask me what time do the other ones come on. Time check. All right. We are going to come on. I want to tell you 9:57.

[00:31:47]>> Okay.

[00:31:48]>> All right. Well, we So, we got a little bit of time. I want to go through uh some of those slides that you had. I'll give a question first. Bruce in the chat asking about the difference between a a put spread in the NASDAQ futures versus a uh just a naked um MNQ put. And it's really going to be just the sizing. Your na your micro NASDAQ is onetenth the size of a NASDAQ futures contract. So even the NASDAQ futures contract if you're doing the put spread, it's still going to be a lot bigger of a position than than a just a micro NASDAQ short put. That said, you can do multiple contracts of the micro NASDAQ put and that'll use um a similar amount of buying power and you know the the one caveat obviously the spreads are not that great. So you got to be careful there um and just price them to what you're seeing on the NASDAQ futures, but you can do a handful of those like three or four of them for the same, you know, $6,000 in buying power and scalp out of those uh in in tanches. It's like you can look at it like you can close two of them or three of them. It gives you a little bit flexibility if you are in a smaller uh sized account, >> right? The MNQs just use a a lot of spread and they you know they can beat you up on that. I forget what the commission the commission schedule is not ideal either. You know that's everywhere.

[00:33:09]>> Yeah. I think it's a$125 something like that.

[00:33:15]>> Yep. What's this Rob? You would be in bed exhausted if you're doing design content. Could you imagine doing 200 of those a day?

[00:33:21]>> I cannot.

[00:33:22]>> You could.

[00:33:23]>> There's no way you could.

[00:33:24]>> I believe I honestly believe that is the first time I have ever put on a market stop order manually. I don't believe I've ever done that before. Thank goodness you were here. Otherwise, this bit would have failed this report.

[00:33:37]>> Yeah, because you were you were about to put on a limit order and you would have just got instantly filled and price improved.

[00:33:42]>> Yeah, that would have been bad. But the good the price improvement is, you know, not it's not it saves it saved my bacon more than once, right? It saved my bacon more than once. Oh, here's another fun little trick, too. When you put on a robot, if you forget the the wid the wing width, when you're calculating the wing, this is a mistake I've made. When you're calculating the wing width, right, you tell it 50. Well, on the put side, you have to say negative 50, right? If you don't say negative, what it does, it goes up 50 and it would have put on it would have put on right here at 13 at 14 bucks. And that would have been that would have been Oh, there you got my screen. So, yeah. So, instead of going this way because it's negative, it would So, I always call that a poo poo pie.

[00:34:20]>> That a put a put is a poo poo pie and a call is a tra Don't get him started on the story.

[00:34:25]>> Well, it's a it's a long story, but that's the summary of it, right? That's the summary. And I got lots of secrets in the AI institute we don't tell anybody. But that is one of the tricks you got to be very careful of. And the reason I know about that is because I lost a lot of money doing that making that mistake. I made all the mistakes so you don't have to. And speaking of the AI Institute, we are closed.

[00:34:44]>> No more. Don't you can get on the wait list for August. July is closed. We are not >> We're working on we're working on some special stuff.

[00:34:54]>> Yeah, we're working on special.

[00:34:55]>> Cool stuff coming.

[00:34:57]>> Really cool. Really cool. And right now, yeah, we it's just somebody say that's what we're doing. So, okay. Everybody wants to know how we're doing. How are we doing? Let's just see. We are doing okay. We're down 20 bucks on those. And we got three of them cooking and we're down. Okay. Wait a minute. Something doesn't smell right here.

[00:35:13]>> A two and a one. And that's a three.

[00:35:15]Okay. Three and a three. A three. Three.

[00:35:17]Okay. No, that's okay.

[00:35:18]>> Yeah. I think I think you had an a strike further out of the money on your >> You know, cuz Phil when he did it, Phil got what? He get a nickel there. How do you do that?

[00:35:29]>> 12 cents. I'm not sure how he did it. He got a little better.

[00:35:33]>> He's a little better than you are. I will say he's a little faster. I'll give him that. I don't know better.

[00:35:38]>> You know, you're you're still the brain, but >> the bot, you know, the bot is quick.

[00:35:43]>> Yeah, he was in he was actually a little bit closer in than me. I don't know why he did that, but I have to ask him. I'll have to ask him. He's he's out having a cigarette right now, but >> that was that was stressful. He had to watch you manually do that and mess up mess up his whole risk profile. And he's like, he's like, "This guy, can he just like go sit on the beach or something while I do this stuff?"

[00:36:05]>> That's right. He pated me on my head and said, "You go out and swim now, young man. I got you. I got this.

[00:36:10]>> This is This is over your head."

[00:36:12]>> It it is. Hey, would you like to see how are you asking how Phil did yesterday?

[00:36:15]Is that what you're asking me, Nick?

[00:36:17]>> So, I wanted to show some of this the charts that we because we updated them a little bit and you know, it's been a rough patch, but we got back on track yesterday, which was good. Okay. And just want to go through kind of what we're >> It tells you what a trader I am when you say I want to show the charts. I thought you were talking about the tasty trade charts. I feel I feel you now. All right. Now, this is probably going to be Be careful what you say because the captions will start start running across the bottom.

[00:36:39]>> Yeah. Why do they do that? We got to We got to figure that out.

[00:36:42]>> I don't know. Look, here are the captions. Can you see the captions down at the bottom? I don't know. All right.

[00:36:47]How about that? So, >> okay. Uh, no. Yeah. Yeah. Yeah. Yeah.

[00:36:51]Now it's working.

[00:36:52]>> I don't know what the camera's all about. Okay. There we go. All right. So these are, you know, I guess I should have set this up so you could drive >> that. You're you're good.

[00:37:01]>> Are you thinking something for the little guy on the AI institute? We are.

[00:37:04]Yes.

[00:37:04]>> Right. We absolutely are. This is Nick's uh mantra is that we got to downsize that AI institute and we are going to have uh some >> multiple >> multiple. We don't want to say too much yet, but we're working on it.

[00:37:17]>> We're working and you can thank Nick for that.

[00:37:20]>> Yes, >> you can thank Nick for that because he's gonna run it and he and Tyler are gonna run it, not me. But they're gonna they're gonna they're gonna do the dirty work and let me just come in at the last second.

[00:37:31]>> Yep.

[00:37:31]>> And do the chitter chatter. Okay. So, here is the $1 million AI robot. We like to call it Phil. This is uh 190 days that we've traded. So, you know, people say, "Well, how good is this thing?"

[00:37:43]30,000 trades. It's up 53%. And look at this. It's had a pretty pretty fierce pullback. Yeah. Uh, someone was telling me it's like 7 8% uh pullback. And this is the S&P down here. And you can see where Phil's pretty much beaten it. I mean, there's no doubt about it. He's made 53% which is a compound annual growth rate of 70%. Which means if it just kept going like it's been going, he'd make 70% for the year. My personal target is 40 and or 42 for obvious reason. This might be but KGAR 70. All right. Now, Nick, I'm gonna let you speak to these others. Here's a $30,000 account. Yeah, it's kind of the same thing. I mean, you're seeing just and we're looking at this relative to cash secured uh S&P 500. So, you know, you're you do have an a leveraged aspect to options, but um it's a really interesting chart. I mean, from small winds and obviously, you know, you have these pullbacks, but over time, you know, this this thing has been has been chugging along. It's been it's been amazing to see. And we see some, you know, it's got, if you look at the difference between the big one, this is a little dip, and you look at this one, you know, it moves bigger.

[00:38:50]>> Yeah.

[00:38:51]>> And we've, you know, we've got some things we put in recently to control that. Um, but, uh, it's still pretty nice. You know, if you look at this one at 70, the $30,000 account's beating it, but, you know, you probably had to change your underwear that day because, you know, it was it was a bad scene. It was a bad scene. Came right back, but it was still a bad scene. And then we got a $100,000 account that Tyler just started the other day. And he was fat, dumb, and happy here for a while. Then he suffered the same thing, but he's still beating it. You know, he's still he's still right in there. But this is not enough trades. We we like to see uh you know, we like to see over 100 trading days.

[00:39:25]>> And that's the gambler's fallacy right there.

[00:39:29]>> Look at this day count.

[00:39:30]>> Yeah, you got 42 days.

[00:39:32]>> What? 42.

[00:39:34]>> There you go. Perfect.

[00:39:35]>> Yeah, >> it's it's always there. But I mean this is exactly what we talk about all the time of number of occurrences trading the ball. I mean you know it looks like fat city for a couple you know weeks and then you know you have a little bit of a pullback and that's okay. That's part of the numbers. I mean if you're if you're hitting just over 50% win rate you expect you know to have this sort of whippiness over a short period of time where you go kind of nowhere. Over time, that percentage normalizes, and that's where it really compounds. And that's kind of what you're seeing on the 30K and the the million-dollar account is the compounding of that little two or 3% edge, which seems tiny, but over a long period of time is really, really big.

[00:40:20]>> It is. And time check 356. We got one minute to go, Nick.

[00:40:23]>> Okay, jump over to the platform. I want to see Phil.

[00:40:26]>> Yep. We got to get in here.

[00:40:27]>> I'm done with you.

[00:40:28]>> All right, we're done with me. So, get ready. Phil's about ready to go on. He's going to come in hard.

[00:40:32]>> Ein is now unchanged. You got the NASDAQ only down >> 64.

[00:40:36]A little bit of a rally here.

[00:40:38]>> Yep. Here we go, Phil. Any second now.

[00:40:40]Time check. Time check. 5 4 3 2 1.

[00:40:44]Unless I got the time wrong, but I think it's 350. Let's see what happens.

[00:40:48]>> And we're waiting. We're waiting.

[00:40:52]>> And I don't see it. Maybe it is a different time. What the heck?

[00:40:56]>> Oh my god.

[00:40:58]>> I know. Phil is just ma messing with you.

[00:41:01]>> Let's see. All right, let's see. Let's just see here. I got to take a look see at what we're what we're trading today.

[00:41:07]I thought for sure he was going on hard today. Maybe maybe I >> Maybe he he he got spooked by you. He was like, "Oh my god, I got to refine this a little bit. I had to watch Rob manually do this."

[00:41:18]>> 1057. Yeah, 1057. Why didn't 1057? We're 1057. Nick, >> it should Oh, 1057, not 957.

[00:41:29]>> This is why they don't let us trade all by ourselves. Oh, look, we got punched out. Oh, good.

[00:41:34]>> That's okay. You know, people people say, "Well, oh, is that so bad? You got you got punched out." No, it's a stop loss. It stopped the loss.

[00:41:43]>> 10 1057. Oh, and also 1043, but still.

[00:41:48]And Oh, no.

[00:41:48]>> Well, now you can go close those longs if you'd like.

[00:41:52]Yeah. Oh, look at you. Look at you. Look at you. Okay. So, these are the longs, right? So, the shorts got bunched out.

[00:41:58]So, now let's make a little free gravy here. All right. So, on these, I got to go into Phil and do it because I want to make sure that I he doesn't get upset at me. So, hold on just a second. We're going to use the robot now. We're going to do the difference between me and Phil to try and get the uh the longs closed.

[00:42:15]Right.

[00:42:15]>> Yeah. So, you your your one contract is the one you put on, >> right? So, we want to close. What?

[00:42:20]What's the strike? I'm not looking at it right now because I got to use my find feature. Okay, find. What is the one I want to close to? 7570s.

[00:42:28]>> 7570.

[00:42:29]>> 7570. Okay. So, there's two ways I can do it. One is just a market order and then the other one is more fun. So, what we're going to do is we are going to we're going to put this on and Phil is going to try for 42 seconds to get the mark to get a little bit of price improvement and then if he doesn't, he's going to take the market at 20 cents.

[00:42:46]So, here it comes. And there it is. So Phil's out there for 42 seconds. And on this one, what is old Rob going to do?

[00:42:52]So you can see Phil, he's put in his order for 25. He's waiting. They're offering him 22. He He's doesn't like it. He's going to see if he can't get a little bit more as this market starts to move. And now what I'm going to do is I'm going to go in here and I'm going to go ahead and just take that 15 cents because uh I would like to get that. You know what? It's actually pretty close.

[00:43:12]If this goes if it comes down a little bit more, a little bit more, I might get that little bit.

[00:43:18]>> So, I'm going to put in 20 cents and see if I get filled on that one. So, that's my order there. Notice that Phil's got a pretty good shot of getting 20 cents. I do not because I'm a little bit further out. So, that's going to save us. Oh, there goes Phil. Got his 20 cents. And I'm just sitting here. I'll be sitting here for a while seeing if I get 20 cents at that. Oh, what was that sound?

[00:43:36]>> That was me.

[00:43:37]>> Oh, you're trading something. Look at you. Yeah, just closed closed a little something a little butterfly on.

[00:43:43]>> All right. Well, we're going to see if we can't get a fill here at this. What?

[00:43:47]No, I'm playing a little risky game because if this market starts to turn around, it's uh You know what? I don't This is not It's not for me. See, I think this was the greatest example of why you need a little robot doing this for you because this was it was thrilling to watch. But my god, there there's a lot of room for error.

[00:44:10]>> There's a lot of room for error.

[00:44:11]>> There's a lot of room for error.

[00:44:13]>> I'm I'm gonna leave this on.

[00:44:15]>> There's a lot of room for error. And just so you can see what's happening in the total position. Whoa, look at that.

[00:44:21]I got my 20 cents. I almost fumbled out of it. And those those dirty dogs over there, those dirty dog, those market makers, they came over here like a dirty dog. They say, "You know what? That guy might run away. We better take get this money while we can." That 7575 was right there. And you would say, "Well, how did you get 20 cents, Rob? You're a great trader." I am not a great trader. I just put it in there. And now I would get uh Well, now it's easier because the market's moving.

[00:44:45]>> Let's take a look at some of your crazy Ivans before we get out of here. So, you got you got a little bit of a rally here. the the NAS the NASDAQ is basically unchanged here. It's only down 40. How are those looking right now?

[00:44:56]What do you got? You got anything close to 25?

[00:44:58]>> I do. Uh I got 19 19.4 and 15. These have been on six days and 9 days. The norm is uh on these things is that they're on 13.9 days or I like to round that to 14. And if you look at the last 14 days, you can see that I'm in and out of a lot of these things. In and out, in and out, in and out, in and out. and and they're all right around $14,000 in buying power. I never use more than 30%.

[00:45:24]And now I've actually downgraded that to more like 20%. I'll probably go down to 15% just because you were showing me the other day the real risk that you have emotional value.

[00:45:34]>> Uh if you wouldn't mind, Nick, we got one one or two time check. Oh, we're overtime. We'll we'll talk about it tomorrow, but I want >> more at the end of the day today, too.

[00:45:43]We can talk >> or end of the day. Let's do that. Yeah.

[00:45:45]3:25. Let's talk about because I you start calculating how much risk you're really putting on and it's big. I mean, it's big. It's big >> and it's it's all, you know, risk is always the problem.

[00:45:56]>> The the margin is always the problem. As long as you can stay in the game and keep hitting, you know, singles and keeping your number of occurrences up, you you got no issue. But when you get too big and you know you you kind of take your eye off the you know the road so to speak, that's when things pop up.

[00:46:15]And so I'm always I'm always I'm always trying to to mitigate that. I'm always looking into that.

[00:46:21]>> Yeah, I I agree with you. And that's uh I didn't realize what that risk was. And when I look at, you know, when I look at what the robots been doing just so people say, "Oh, the yellow, it's a little misleading on the other ones. The yellow is SPX." It's not. Here's the SPX down here, right? This is what the Where is >> No, that's your 30K and your >> We don't even have the, you know, >> but that's okay. The the S&P is not is nowhere near here.

[00:46:45]>> Nowhere near. I mean, if you look at the crazy Ivan, we we didn't show the crazy Ivan, but 189 days on that one. And we're 283 and six. So, it's pretty pretty great trade as long as you understand how to manage the losers.

[00:46:58]>> Yeah.

[00:46:58]>> And you know, this is this is the crossover. What reason I wanted to show this Nick before we leave is the uncorrelation between these two. This was running around 600,000. This was 400,000. Now it's flipped, >> but you can see it's crossed over, but still both of them are severely beating the S&P. And they help each other out.

[00:47:17]That's that's what I was trying to get at.

[00:47:19]>> They help each other out. On down days, one is up, one's up, one's down. It's it is a little bit different. So, >> yep.

[00:47:25]>> Very good, sir.

[00:47:26]>> Say goodbye, Maria. And we will see you at 3:25.

[00:47:29]>> Bye, Maria. will see at 3:25.

[00:47:31]>> By Maria will see you at 3:25.