00:00Do you have any trading strategies for the end of the quarter, new month or what's on
00:04your radar?
00:05I'm pretty consistent with what I'm going to do, which is collecting premium throughout
00:09the year.
00:11I could talk about where I've been using those strategies and it's nice.
00:15This is my like fourth or fifth time on here.
00:17So it's like hopefully people get to know me a little bit and they see what I'm doing.
00:21So collecting credits has still been working.
00:25Whole new sectors I got interested in, nuclear.
00:29When we saw the Constellation Energy news, the Three Mile Island opening, there were
00:34a lot of stocks that got a pop on that that haven't come back down and the volume is still
00:39coming in.
00:40And for anyone that didn't hear what was going on, I mean, when we think nuclear, we think
00:45bad.
00:47We think natural disasters.
00:49But apparently nuclear is the most efficient and best way for the environment of harnessing
00:57energy and they're going to use it for data centers.
01:00So I've been watching these nuclear stocks to see if we get that follow up move.
01:06And it's the same thing.
01:07The last time I was on, remember we're talking about ASTS in the teens and I was like, I
01:12can't stop watching it.
01:13And the thing went to 35.
01:15It's that same thing.
01:16When you get a swell of volume, the news dies down, but the volume doesn't.
01:21It sets up for a second bigger move.
01:23So I'm watching nuclear stocks for that right now.
01:26What was the symbol and the ASTS, Alpha Sierra, Tango Sierra.
01:30Okay.
01:31Okay.
01:32Give us some of these nuclear stocks that you're looking at.
01:36So CEG, Constellation was the leader, but then we made a list of other ones that could
01:41follow up and the one that I've been watching the most, and I'm not saying to trade it
01:45right now, it's crazy, is SMR, New Scale Power.
01:49It's an $11 stock that's moving two points a day.
01:54It gets my attention, but it's the same strategy with everything, buying calls.
02:00This one you can't sell premium and this one's a little bit harder to trade.
02:03I might trade it as a stock.
02:04I've been trading it as a stock because the options are kind of gapped out.
02:08But my typical approach is to come in around selling options, going out 30 to 40 days,
02:16targeting the 30 Delta.
02:17So if you were selling a naked put, and that naked put doesn't mean getting short naked.
02:22Naked put means willing to own the stock.
02:23If you're selling a naked put, you would target probably the 25 Delta.
02:27But when we're doing credit spreads, because people don't want to own the stocks, we get
02:31a little bit more aggressive to offset the lack of premium collection from doing credit
02:36spreads versus naked.
02:37Does that make sense?
02:38Sometimes I talk fast.
02:39Yeah, it does.
02:40I want to make sure, yeah, for your audience, I just want to make sure I'm not...
02:43Yeah, they love the options talk.
02:45They love the options talk.
02:48What other plays here?
02:49All right.
02:50So my best play, my best play recently, and this is the benefit of why I build a community.
02:56It's literally mutually beneficial.
02:59It's just like being on here.
03:00We're talking, sharing ideas.
03:02So it was someone in my community was like, keep an eye on NEO.
03:06This was pre-China going ballistic and everything, NEO was at five and change.
03:10So I was like, all right, volume looks good.
03:12And we bought a $5 November 15 strike for like a buck.
03:19And literally in less than two weeks, the thing was those options were trading at 240.
03:23So is that like 140% return in two weeks?
03:28So that's like when you could get in and literally only risk a dollar per contract, knowing that's
03:35the most you could lose.
03:38And then you have upside where you can make 140% in a couple of weeks.
03:40That's why I love about options.
03:41You know, it's kind of mindless.
03:43Your risk is defined and the upside is good.
03:46Now I will say I messed up a little bit in NEO.
03:49We have some calls that we own with nothing against them, but when it stalled for the
03:53first couple of days, I said, if it stalls for a couple of days, we're going to sell
03:56premium against it.
03:58So we sold above it.
03:59So we're a little bit capped on the upside for part of the position, but it still worked
04:02out well.
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