Shake Pryzby - Using Puts to Protect Gains Before a Pullback

Hinzugefügt: 2026-05-26

[00:00:00]Because I feel like if if the if the put works out, I'll make 200 or 200% I'll make three to one risk reward.

[00:00:06]And that'll cover the the losses that I'm giving back in my positions. So I had had a little bit of that or if I'm taking earnings gamble, which I do one, two, three times a year. Uh I'll I'll buy buy some calls into a report I like, but I never do that. So I So I'm showing Norm my trades and he's like, "Oh, I didn't know you trade in options. You're actually in the enhanced growth division." I'm like, "Norm, don't you do this to me, brother. This is my shot."

[00:00:26]Whatever. So So he put me in the enhanced growth. Um but I'm not sure I'm trading I'm trading shares 99% of the time. Got you. And you're just using options selectively for protection or Yeah, I got you. Got you. Cool. Yeah, or earnings gambles. Yeah, that's it.

[00:00:38]That's it. Cool.

[00:00:39]All awesome. So I think that I think you said that was it for Sept. Do you want to go back to 10min and walk through that cuz Yeah, let's do it. So all right. So there's a couple things I want to talk about with this setup.

[00:00:50]Is there's two things I really love to do.

[00:00:54]Um Friday swings. This is kind of my thing. I I haven't ever heard anyone talk about this. Friday swings. So when a name is setting up with a great weekly chart and it looks like it's going to be good on Thursday, but it's given a daily setup that Friday or it's going to go into the weekend looking like it's like a great setup.

[00:01:13]I'm going to buy it on Friday. I want to front run all the traders who are going to see the chart over the weekend and get so excited about it. And then the second thing is I love All right, when when when a name has a range move, you buy the first pullback. Okay? So this had a range move support to resistance, right? And it's in a consolidation.

[00:01:34]A name has a range move and it's in a consolidation, you buy the first pullback. I'll show you a better example is this this D dog from last year.