Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
MACRO MARKET DEEP DIVE | WHERE ARE YOU POSITIONED?
Recorded: Jan. 27, 2026 Duration: 3:40:54Space Recording
Full Transcription
Thank you. Thank you. Good morning, Spaces crew.
Happy Tuesday. happy Tuesday.
This market is flying.
We were cooking overnight session.
Let's see.
About to take out some big targets I had drawn yesterday.
But that $26,046 I mentioned, which was just January 13th high.
We're coming right into that this morning.
Just stopped a few ticks short of it.
So I'll be looking to see that going into the open.
We still got some levels higher as well.
levels higher as well. December 10th highs and those November 5th highs where that daily gap
December 10th highs.
starts that I basically think the market isn't going to stop ripping until we hit that. That's
126,143 on NQ. So higher time frame narrative. As much as we've gone up here we can still go higher
i do like some of the gaps we've created going into the morning if you go on hourly or four
hour you can see right below us we have big four hour for value big hourly for value
i'm looking for us to test that going into the open and then uh trade out of that so pretty
looks like we got pretty clear
draw this morning we're gonna case Good morning, good morning.
If we want to end up not doing what I think and not hit any more of these highs,
then we'll probably run through that four-hour gap that I'm looking at and end up below that 9-11, and that's when I'm wrong,
I'm going to change my thoughts a little bit.
and I've got to change my thoughts a little bit.
Until then, I think it's set up to get to this 2646.
How are we doing, Casey?
Good, brother. How are you doing?
Ready for another day.
Oh, yeah. Apple almost hit 260 this morning.
Market opens up in about four minutes.
I am going to sell a majority of the puts
and have a stop at entry on the rest
and then swing them for the earnings lotto
as long as they continue to hold green until Thursday.
So nice move on Apple overnight.
All right. all right well we have some data today what's up shout out apples
join in i hear an apple shout out
to the tech let's go apple
good morning everyone come on i got consumer confidence at 10 trump speaking at 2 p.m eastern
not to worry about that till later beautiful tuesday united airlines announces major expansion at Chicago Airport.
Hot demand.
Flying American Airlines.
I prefer Delta.
Delta is my go, too.
There's a lot of earnings this morning, by the way, as well.
UNH stock got hit by some sort of, I forget the news was yesterday. It was a Trump headline, so it was down like 10%,
and then they had missed earnings as well.
Stock was down like 15% when I last looked.
UNH stock, United Healthcare, is down 16% in pre-market trading right now.
We also had UPS, Boeing, Nextera Energy, Raytheon, General Motors, etc.
All reporting earnings.
We had a lot of names that are reporting earnings.
GM up 5%.
They increased their dividend, increased their share buyback did all that stuff raytheon stock is up three percent four
northrop grumman also let's see next era energy nee i know it's a very popular one i'm sure casey
you've traded it every once in a while sucks down that's because casey trades it what a loser um
boeing stock is down about two percent in free market trading as well
following its earnings ups ups reported earnings this morning that stock is pretty much unchanged
in pre-market down 0.3 percent yeah it was pretty busy there's a lot of there's a couple companies
that report earnings today after the close texas instruments seagate stuff like that logitech yeah so there are some earnings
now we're reading through the news obviously nancy pelosi she made some changes to her
portfolio yesterday yeah some big you know those guys got widely reported she was exercising some
call options selling some shares donating shares to charity and then also bought some new call
options for going forward.
So I know a lot of people were liking to watch that one.
There was a couple government contracts given out last night that were interesting.
U.S. Department of Defense, Department of War contracts.
AWS, Amazon Web Services, got a $581 million contract
from the U.S. Air Forces for cloud services.
And then the U. the US Army was awarded Salesforce
a $5.6 billion contract over 10 years
for the US Army to be able to use stuff like Slack,
other Salesforce properties at that time.
There was a couple deals this morning.
Corning, GLW, there was a story that they,
that Meta agreed to buy up to
$6 billion of product
from Corning over the next
four years-ish. Up to
$6 billion was the number, not $6 billion
confirmed, but that was a very interesting
headline that we had coming out.
Pinterest laying off 15% of its
workforce. They were kind of talking about
using AI a little bit better as well.
That was another one that had pins.
Pinsock is down 4% in
pre-market trading.
We're less than a minute from the bell opening.
What's up, people?
I see a not whale down below.
We got a not whale.
I think he just texted me.
He just listened.
We did.
Good morning.
Well, I still didn't even save
your new number. I need to save that.
Morning, Mingcy.
Morning.
Alright, well,
let's open this market.
Looks like we're going to take
out this overnight low real quick.
I'm looking bullish until we run through 9 11.
i'm looking for a short if we can get below 58 and i have to say never forget because that's what whale texted me he said he can't say that and say not for never forget so. I Apple 260 target hit.
I'm scaling majority of those marked calls here.
They just hit about almost 40% there.
Very nice.
Alright, we're tapping into.
Hourly spot.
Long and juicy for a long,
got a long scale.
Hey, let's see.
Spray view up.
Ah, see how it held.
Just gonna wait, just gonna wait.
Remember this to the upside, I want to get long real quick
oh sandisk just ripped 22 dollars in under 40 seconds
yeah it's interesting.
Stop that, I'm juicy.
I WM breaking previous day low.
NQ short, 10 minute green.
I'm looking to go short spy.
Microsoft is pushing and videos pulling back. a little bit of a mixed uh start to the day for the stock market i'm looking at the indexes
they're up and down by like both up, two down. Nasdaq
is probably up. Dow Jones and Russell 2000
are moving a little lower.
I'm checking out my watch list here.
Micron is the best performing stock on year, followed by
CoreWeave and Intel. Stocks
have 4-5%. Worst performing stocks
today? Shout out to
LeverageShares, Wolf Partners,
UNHG, 2X United Health
is down 35%.
That was so good.
That was so good.
Oh, gosh.
Watch for the gold short into the 10-minute EMAs.
UNHG, the poor thing.
That's rough.
That's rough.
Yeah, it's getting abused but that does happen wow i really just got 50 apple here
is apple moving higher yeah it's tripping
yeah so unh is the worst performing one, down 17.
CVS is down 9 on my list.
Reddit is down 6 as well.
I'm short.
15-point gain.
MNQ covered half.
I don't like it here, though.
Yeah, I don't know.
I'd love to see a gap fill.
Yeah, we do have a gap fill.
But, you know, trading VWAP, London Orb Low, it's tough.
Let's go.
Oh, there we go baby alright
30 point gain covered a quarter
M and Q
what the helly by the time I tried to scale
some out it went back
good morning
yeah I cooked
UNH is in the morning. Yeah, I cooked.
UNH is having a rough morning.
I'm still looking for longs here.
I'm sure, JC. four point game let me stop the profit
stop the profit right there nice go Very nice skill. Drill it.
Drill it!
Let's see. Silver's down.
I gave back some of it. Kratos is now up
by more than 3%.
My 2x BMNR ETFs, BMNG,
up 3% today.
A little bit more fun of a 2x ETF.
Quarry is up 6%.
We need to move. a little bit more fun of a 2x etf quarry is up six we've got a flash below that 960 958
sam jeffrey says yo any trade ideas bro i'm gonna look saying at M&Q. 9.36 is previous day high. Oh.
Now we're taking out all the way to close.
I am waiting for a setup long.
I just trimmed my
Kratos long swing
for 30% in one day.
Nice.
Spy has got to be like
a dollar or two from all-time highs again.
Yeah, it is.
It is a dollar or two from all-time highs again. Yeah, it is. It is.
Very close.
A dollar.
No, $2.20.
$2.00.
There you go.
Right here.
Previous day high.
You guys scale and trail.
Next target I have is a 10-minute 200 DMA, 885 on NQ.
That's a 60-point gain.
Scaling trail, baby.
Let's go.
There's a long at 936.
There we go.
We have a gap down at 25, 844.
I stopped out right there.
L2Y, just trying to hold up.
Video's at lows.
Google's coming in.
I'm short gold.
10-minute EMAs.
Microsoft's holding up good.
Yeah, Microsoft and Apple.
Okay, 47 points.
Scale out, guys.
Nice. 47 points scale out guys nice give me my hundo let's go straight down let's go
straight down you let's go all right just like that that's a 400 bucks I'm
gonna cover half of it on gold
Structure here and just straight down.
Nice move, but I want to see some structure build.
Structure, I love it.
See if we're going gonna get that bill breaker
billy billy I'm going to go. Tesla just getting smacked.
432.
It's hitting closing price on Wednesday
last week.
I've got to see
Gold here get under 62.
That's that previous pivot
for a break in base.
I'd like to see 10-minute emas hold
here and then create a lower high and then uh push back into the demand at 50 50 down to low data 42.
trimming my spy poster
Eight point gain gold covered a quarter.
eight point gain gold covered a quarter
Trimming my unity 42 puts as well.
Nice stop losses in profit.
There we go, Spy.
All right.
We got a little bouncy bounce right here. Yeah, Spy. All right. We got a little bouncy-bouncy right here.
Yeah, maybe.
Couldn't get a field. It's okay.
They are in the money.
To how we do here.
So I'm going to control and previous day high retests on cues right there. We can run through this.
Can we close over this 979?
I can long.
Got remainder gold there.
Nice bounce on gold.
Nice bounce on NQ.
I'm out.
Big bounces everywhere.
I like the spot down here for long.
I just need to set up real quick.
If we can run through this.
Watch Google.
I think I'd set set up here i'm looking down at some of your guys's comments by the way funded uh shabham says let's go let's
go consistency spikes is ptd and eerie two stocks down there i mean look i don't look at either of
those ptd has been a little rough.
Roman said top of the morning to everyone.
Top of the morning.
Good morning, traders from Scorpion.
Magda said morning.
Oh, yeah.
Joe, also commenting.
Shout out.
Short M&Q here.
Three-minute EMAs.
Trade desk is getting wrapped.
Yeah, it is.
Mikey B says hello. Shout out.
Eva as well. Good morning to the squad.
Good morning.
Let's get Eva up here.
Mikey B.
I got it.
End point gain. MNQ. Covered half.
Just says de-risked scout.
Projecting this five minute gap still.
You don't want to run through it?
21 point gain MNQQ. Covered a quarter.
Good stopping.
Okay, okay.
Not a video. New lows. media new lows
netflix looking a little weak but really on that bigger time frame just kind of going sideways
since we hit that big low which is expected so still really like Netflix. Don't think you're going to see the craziest moves here
until we chop in this area for a little bit.
But don't think.
I just don't.
I don't think she's going really much lower than this.
We can sweep that low again for sure,
but I don't think we displace lower this area really.
I mean,
being attracted at this price
without timing, is it good for
the long term, I think?
I agree, yeah. I guess that's what I'm saying.
Yeah, for sure.
Not an options play, in my
mind at all.
I'd rather just do some 2x leverage
if I want any leverage at all.
It's like buying Intel at 20.
You have plenty of time to buy it, but you got rewarded if you did.
Yep.
And it just, I don't know, I love it because Netflix has been beaten up so much.
It just makes sense that we're getting into these levels.
A lot of people would probably be
you know scared to buy it but it's actually a beautiful spot
did not close over that five minute gap damn it i wanted to trigger long on that As long as we're holding this 914 to 962,
I think we're going to try and set up to push back to that one and high.
Break-even stop hit, MNQ.
I was looking at BK's post, Luxalgo post, great post.
UnitedHealth down 20% today, basically.
It was the 40th largest company in the world yesterday,
and now it is the 62nd largest company in the world,
down $60 billion in market cap.
You know that those executives
and board members
got to be on crisis mode today.
Yeah.
Short gold here.
10 minute 20 EMA. still looking weak rty
still looking weak
he's getting a nice pop
hoodie as well
UNH still drilling new low today here
while you're filling that
gap from uh august
yeah you hit half gap 287.75 looks like it wants to gap fill
bro if they take it back to below august lows that would be that would be hilarious. Got a long line queue here for the BWAP break.
Heard.
Meta and Apple are still near those highs.
Showing out these lows, they're going to hold them in push.
Got participation here.
There we go.
There's something something.
Tap is like a ticking profit.
Give me like 10 points.
It's like a de-risk. There we go.
Keep her going.
On SPX, we got a point away from half of them.
Thank you, Megan.
I'm sorry.
Being over previous day high, hard to be bearish.
Yeah.
Short green cover, red on gold.
If it flips red, I'll cover a little bit.
They want it higher I do too
see if we can get this fucking trigger for it
I remember last week
there were the
Asia markets were having
there was stuff going around about
spot price being in the 110s. I
wonder where they're at now. Yeah.
RTY and YM aren't popping. Yes, it is moving higher though. Thank you. It's trying.
Yeah, yes, doesn't look bad at all ten point gain gold covered
half GG nice G dirt
and I get this closure
NQ looks like it wants
orb high
10 minutes CBC bullish
they bought red
a disrespect to the EMAs
would cause a big squeeze up
I think maybe 26,043
no position long on it though caused a big squeeze up. I think maybe $26,043.
No position long on it, though.
I've been scalping silver.
I love it. I have a love and hate relationship with it.
I think I'm it. I got long names. I have a love and hate relationship with it. I think I'm addicted.
Addicted.
Those of you that used to trade small caps, that's kind of what it is.
Or like crypto.
Like a meme stock.
I'm long for London High.
I'll go break even at $26,000, $21,50.
We are drilling.
Oh, shit.
Come on.
I love it.
I better lock myself.
Lock it.
I have to lock myself out. Lock in. I know. I have to lock myself out.
Lock him.
I know.
I got to do it.
Give me London high.
Nice reaction so far.
I'm going to go break.
I'm going to take a gold ladder short.
Ten minutes. wait is es taking out london high if it is i got true not yet but it's about to
Gold, I want a lower low.
If NQ's pumping, typically gold sells off.
Oh, there we go. Look at it moving fast.
Oh, shit.
Okay, six-point gain on the ladder.
I'm going to cover half.
Oh, my God.
Oh my god.
Apple, new high of day, up 60%.
Almost $150 per contract gain.
Hell yeah.
Hot.
Hot and dangerous.
Damn, you hit that.
I didn't know what you were going for for a second.
Always got to keep him guessing.
Mm-hmm.
Mm-hmm, mm-hmm.
Mm-hmm.
I agree with that.
I like the clarity of this morning.
What's up, sorry? By the way, I did pin up a post up in the nest above and obviously interrupt me because your stuff is more important but we're doing an in-person
event we've talked about it a bunch no this is your feedback i'm excited august 3rd new york
city save the date save the date we're going to talk more about it going forward but if you guys
we would love to hear your feedback on what needs to be included in this event you know where we're
gonna have a lot of the traders come in do do some live trading, do some webinar, sorry, do some classes, breakout rooms, all that good stuff.
Do some meet and greets, mingling, all those things.
What do you need to have included?
And fill out that tweet pinned up in the next above.
We're also going to do some, like, early bird pricing stuff where it will be cheaper.
So the people who fill out that form, give the email.
You guys will get a nice little discount out of it.
Check that tweet pinned up in the message.
That's sick.
August 3rd.
New York City. Get excited.
We're trying to plan some good stuff around it as well.
You guys get to see Ace use
inverses in person?
Wow.
MapleStacks with the CBC
in person? In person, bro. Wow. It'sacks with the CBC in person?
In person, bro.
Wow.
It's going to be stacked.
By the way, we're about to take out London High.
That is my full target.
I am break-even.
I can't lose on this trade.
It's either London High or break-even.
Let's go.
Let's go, Jordy.
Redeem myself.
There's that squeeze.
We're only like 20 points away.
There's a red candle pullback, but
it's over a pivot, so be careful, but I think
we're just going to squeeze up.
Gold, please dump more.
I think we're going to continue to squeeze up, too, just
because the higher time frame, we still have
reason to go
higher, take out
more of these highs.
So I do think we just kind of
continue this.
Of course, we will see
apple got the breakout and mic Microsoft is still flagging.
Really clear this morning.
I love the clarity we had.
I mean, dip in the hourly gap.
I just waited for that five-minute inversion.
It's the highest time frame inverse on this leg of price action down.
Bruh.
Who remembers that Apple call flow from yesterday from March? Full target hit.
I am all out of longs.
And I was like, we're long!
Long.
Long.
We're long.
Vic's crossing 16 down.
Holy Apple.
Whoa, my trade cop here didn't close this position.
Hello?
Hello, gains.
It only closed two of them.
I have three accounts on it.
Looking crazy down here.
Let's go, Jordan.
This fucker, dude.
Spoon from all-time high.
If you use TradeSinker in the comments,
always make sure to go to that after you get out of a position
and make sure you're actually out because it can glitch sometimes.
Spy's in a big spot right here.
Yeah.
All right, 18-point gain on the gold short.
I'm going to cover a quarter.
Let's go.
Watch for a potential short right here on spy for a
pullback yeah there is potential to hit a little bit of rejection here you're hitting i like it
again what is this this is january 13th high casey yeah if we break in base above this area here i
think we're going to go test all-time high so if you're looking for a short before the all-time
high test again it would be up in this area here on SPY.
Yeah.
Kind of similar to yesterday.
So yesterday I tried two shorts.
I got smacked on both of them.
The biggest reason why was previous highs are great,
and you can get a little scalpy for sure,
but it's hard for me when there's no actual imbalances or order flow,
and we don't have that this morning either.
Covered another quarter of the ladder on gold i'm still short iwm by the way it's sitting at
low of day does not care what spying cues are doing here we do have order flow up at 143. I kind of want to smack this short for a little scalp but I'm afraid I'm gonna
get run over very quick. I think they're gonna rip it a hundred points real quick first.
You think? You think they're just gonna rip it up higher and then do the pullback? I mean
you know sometimes we do reject these highs like this, you know, but again, when there's no imbalances,
and I know you guys don't use them, but for me, like, there's just...
Nah, I'm going to get back in.
I have a limit order set at a level I have.
All right, I'm back in small.
Play your plan, play your plan.
I can absolutely get run over here.
M&Q long scalp, 10 minute red, high risk.
Oh, fuck, I'm out, Maple.
I never got food.
I got 696 next on Spy as well.
This is just a quick, short scalp spot before we get there.
Come on, give them a little scalp real quick.
Come on.
You said I'm stupid.
Cannonball.
Oh, IWN just made a new love, did it?
Yeah, I did.
Come on, sell this thing.
My puts are burning.
Come on, I'm not looking for much.
Come on. I ain't looking for much. Come on.
I ain't looking for much.
Come on, Spy.
Give me a little scalperoonie.
There you go.
Go on.
I need more than that.
Apple calls are about to hit 400.
I don't like it. Apple calls are about to hit 400.
Probably should have done closer expiration.
Come on. Come on, Spot.
Do it, do it, do it, do it.
I'm Phil, Dave, very a short at 56. There we go.
By the way, I'm looking at the forum.
I'm seeing Radheep filled it out.
He said, I'd attend
a forum up in the next above.
I'd attend if it offers
real access, small group round tables,
brief one-alongs,
and offstage time with speakers.
Interesting.
I think some of that stuff was on the list for sure.
We are going to...
Everybody gets two selfies with KC.
He's going to be there the entire time,
has to talk to everybody twice.
Wait, where am I going?
Switching on Cavos.
Oh, you'll find out.
Bro, I will nerd out about trading
if you come and talk.
Oh, my God. Oh, whoa, whoa.
I had my stop in profit, but what was that?
Dude, that was wiki.
I'm flat now, and I didn't lose on that,
but what?
Hmm.
That was a little slumping.
Data.
Consumer confidence from
10 AM.
Wouldn't you know it?
Yeah, I'm waiting here.
I'm waiting here.
By 6.5 points. Oof, iDubes. Goodness gracious. 5. I dobs goodness gracious, can you stop wicking it back and forth and just get continuation?
1.17.
So I can trim out some profits. 9.15 and 9.55
don't rip it just yet spy not yet Not yet. That was 61.5 points.
Damn. Volatility.
There you go. Reject the zone again, Spy.
Come on.
There we go.
Reject, reject, reject.
There we go. Good stuff.
I want to see it continue to reject the zone.
Sweep under 695.
Trim out and then flip long. This is what I was trying to do
yesterday, but.
If we can do it today. Thank you. Right.
We need to see if there's anything else.
I don't think I can really try short until 143.
Definitely stalled out of it here.
Yeah, it looks like it'll just barcode anything.
That's what it kept doing yesterday.
All the shorts were just very small moves, flat, and then buyers step in and take it to the next high. got the long on GC.
It probably pushes a little high here.
60s.
Qs is definitely stronger
thank you and stop
just got a notification that rocket lab up five percent today
down below double bottom on this and a crossover on the one hour
i have not looked too much on this is that wap end result probably
come on come on come on there it is all right trimmen there it is baby
thank you all right all right trade doesn't go red we're gonna stop up on the short scout
good stuff
see if we can bring it down a little bit more retest emas i'll exit majority and then look to
flip along on the retest a five minute nine there it is there it is boom out half
this is how we do it yes sir there sir. There you go, baby.
Yes, sir, spy.
Microsoft still near highs, AMD near highs,
and NVIDIA near highs.
Bam! There it is.
That is kind of already read
and kind of rejecting that same gap.
Yeah.
The best trades ever started with the words,
fuck it, let's do it.
No, spy.
If you just go to your four-hour chart,
mark like 695, like 30, 695, 40 area.
Just look at all these upper wigs back in January in that area. This is again a big spot of rejection before it can continue to all time highs.
So now out majority of the puts here and now looking to flip long. I'm long here at Tokyo High.
Oh, I got a crappy feel, but it's okay. There we go.
Keep her going.
Stopping profit.
I got crappy fill, so I'm really aggressive.
But there we go.
Close that right there.
If you break these algo levels at 39, you got some room back up, guys. We're going to go higher.
We should respect this five-minute gap that I just dipped into.
I have a feeling we're going to be doing a call spread today if we go higher.
Google, Amazon, Microsoft,
Apple.
Apple.
Apple.
Two-minute gap opened up. I'm going to go ahead and put it in the middle of the middle. I'm going to go ahead and put it in the middle.
I'm going to go ahead and put it in the middle.
I'm going to go ahead and put it in the middle. Jordan!
My bro.
Is he in it?
I flipped it long on the dip
when I closed out
the majority of the puts.
Good stuff, bro.
I sold over half.
I put the stop at entry and then bought
the 698 calls for a spy, and I just
trimmed out right here, and now I want to take these highs.
Love that.
This is what I was trying to do yesterday.
Yeah, let's take up these highs.
Let's fucking go.
See you soon.
Alright, trimming here.
He's got a new high.
Yes, sir!
Cue new highs
flipped it in reverse
so we got a new high there on
let's see
Apple looking a little
I mean it's not doing much right now
Amazon about to break new highs
by a couple cents
Microsoft walking up.
AMD NVIDIA walking up.
What else?
What else?
Jordy, how's your vanquish going?
Showing, I just...
But that loss I took in Tennessee kind of put me back a little bit.
You're the only 10 I'll save.
I need to... Are you just selling spreads on your Vanquish account, Nats?
Yes.
Control Bank.
Have you gotten a pair yet?
I'm getting there. How does that work on there on vanquish um i would think it's the same as every other platform uh once you just get to the profitable well yeah yeah yeah
it's the same they use like the same um uh model transaction they use this app called rise
In model?
Transaction.
They use this app called Rise.
You can do that or just direct to your bank account if you want.
I recommend using the apps, though, because you can pay yourself on crypto, which can be beneficial.
Big crypto guy?
I don't mind getting paid out.
When you put it like that?
Not bad.
Nice candle on Amazon here.
Move to the upside.
Going for previous day high. YM is not playing along at all.
RTY is.
We've got a 15-minute gap about to open up.
Won't be mad if we want to go test that.
That'll be 26,021, but I expect that to hold.
If we do that. 26,021 but I expect that to hold.
We do that.
Get nice long out about this going.
Still have reason to trade higher on the bigger time frame.
IWM trying to come back here.
Amazon did get its new high. some things are trying to pull back in a little bit so yeah i like to pull back to 15-minute lows.
Making the long-scale. Close in a minute.
Then go higher.
Or we run through that and my thoughts change.
Let's go to the long-scale
of Amaligo level, but then run through it.
Close to a stop, but it's
still in it.
Little buy high, sell higher.
Hmm.
Here we go.
5.2.
Yeah, IWM is actually coming back strong there.
Put in stop and profit.
It looks like people are getting active on the ask.
There's a stopping profit right there. I'm still just waiting here.
Take this a wee bit higher.
Just a wee bit.
A wee bit, a wee bit. Two minute is getting tired. Okay. oh am i seeing a giveaway
yes sir we're gonna give away some trade the pool accounts on the stream today
i just threw that post up top so if you guys want in there for one make sure you're on the stream
later but uh follow
the trade the pool account follow the wolf trading account comment on that post and
we're going to give away three of those uh 25 000 accounts so do you have to be on the
stream later or is it just a comment make sure you're on the stream if you want to run okay
yeah i mean i don't know how else i'm going gonna get it to you so just I think just remember to comment
on it again before right before it like it's gonna happen I don't know we don't have a system
for giveaways like last time was atrocious so I I don't know how we're doing it but
I'm never doing that one again that I'd be last time was atrocious I'll never do that again, ever. That was brutal, but entertaining.
SPX looks like a flag here in the five minute.
There goes your continuation on Amazon,
now breaking previous day high.
Amazonian.
Yeah. Apple is weaker. Here goes your continuation on Amazon now breaking previous day high. Amazonian.
Yeah.
Apple is weaker, Microsoft weaker.
Nvidia's still going.
In Vita.
In Vita. I'm waiting for my Taiwan Semi to rip.
Took a short at 69s, risking high end up.
Mmm.
Look at this guy.
I got an Alva level at this guy. I got an
outer level at 58.
I wanted to go to that, put my stop
in profit and see if it continues
lower.
nevaeh hitting previous week high right here
all right there's close to the spot. Pretty much stopping Prophet.
See if we can get through this level
or if we're going to bounce.
This will probably either be break-even or a good church.
There you go, Joe.
Yeah, JPM off a cliff.
Just kind of reversing the move that it did yesterday.
Okay, let's see.
All right, I got close right there.
All right.
Spy flagged this thing out.
Give me 696.
It looks like it's about to get that breakout.
Oh, yeah, I know.
If it breaks over top of this spot right here, I got to close. I'm still short
from a little bit higher, but premium
burn from yesterday is real.
For this freaking
swing.
All right. Yeah, I'll go ahead and close that one. Spy, come on, baby. Gracias. What ticker is that?
Is that real?
That's the one
Pelosi bought yesterday.
Right?
Go to your trading view.
Let me know if you see that candle.
What time for me, Ron?
Five minutes.
The first majestic?
Yes.
My chart looks normal.
I see a low of
2.5 cents.
So that's definitely
what it looks like.
It did the same thing
that happened to QQQ yesterday.
The stock went to zero.
I'm pretty sure that's someone
fat fingered a dark pool order.
Yeah, it says what, 0.025?
Yep.
That's funny.
That's insane.
Considering it's like around 24, 25 now,
that does look like the decimal.
Spy still consolidating.
In this box.
My mind is telling me to short this lower i the first it's the reason why i did it the first time because knowing fomc's tomorrow
is the initial reaction when it first hit it this morning at 9 55
we caught i mean caught the really good short there after 10 10 05 and then now it's like now
we could do nothing we could be pinned right here and have slow price action on lower volume for the
rest of the day i know unfortunately that's what sucks it's like the when the when
the big level gets hit for the first time i'm i feel pretty good you know scalping it whichever
direction but when you hit multiple times and you're going back and forth especially on a week
and day like we're having now it's just i don't get the warm and fuzzies with keep hitting it over
and over again because weekly contracts you're just gonna get freaking burned exactly why like
i mean i know it's kind of annoying but it's like that's exactly why every single morning
like after either first two hours is up or like those first big overnight levels have been hit or previous day levels have been hit undone.
Like there's a reason for it, right?
Because we see this price action.
I mean, look at what happened after that London high got hit.
Still have reason to trade higher, but it's just, yeah, it's just rough.
By the way, there goes IWM new high a day.
Yep.
Ooh, MPC new lows. Nice.
Never traded this name before, but I'm short from yesterday.
I'm still short today.
Yeah, I think I'm pretty much all set now after we hit these levels.
Nice.
I think that we're going to get all
chippy-choppy, and I'm not
interested. You can't make me
market makers.
Thanks. chippy choppy and i'm not interested you can't make me market makers if we get a bounce up again and we make a new high or just reject below the high. I'm going short.
Yeah, so bounce up and make a new high or bounce up and get a lower high. I'm going sure good bounce here of the five so far doing it nine points ten points
come on
amazon still pushing yeah it is doing is. New highs. Doing well.
Very well.
Dude, I can't believe I had February 20th calls at 228, and I got stopped out at 227.
And now the stock is going for 242.
I'm disgusted with myself.
Oh, brother, this guy stinks.
I am the worst.
It's okay.
Nothing beats my trade on Microsoft the other day.
What happened the other day at Microsoft?
I sold it a wee bit early.
I sold it for 150%.
It went like 200%.
It was Friday?
Yeah.
It just kept ripping.
Yeah.
Yeah.
It's all good baby
VLO you love day see if you can break previous day low continue. This thing, Carolina can knock out your break, bro.
Yeah, hood. You talked about that one yesterday for a short entry going into the close. I did not take it. It is looking.
Disgusting on the daily. I still think we're gonna see sub 100. test that 18 minute yet nope
come on go down that one
get a nice reaction from the bulls down there
just that previous range low like from 10.06 eastern that low we made i'd like to see a sweep
that and then go higher like a gc kind of looks like a short kind of flashing
little gold kind of looks like it's trying to roll over huh gold yeah i got lower highs there
Yeah, I got lower highs there.
Come on, give me a little bounce, please.
If you see flow on Meta 670 call on February 2nd, 6-7, that is a hedge.
That's a hedge order.
Guys, yesterday, crypto fear and greed index is that
extreme fear it's that fear today extreme fear on the month let's go
we love it ride we love it oh and look at bitcoin
not good enough though because they're not at my target yet so
can i sell premium today i already i sold
puts um on on that first like dip we took.
Ooh, MPC.
The puts.
Ooh, premiums. I took a small trim on the 160 puts from March here at $450 on contracts.
Come on. Bounce it up bounce it hi Now I got the black eyed peas in my head thanks
Crude oil
Down century day
Coreweave's holding up 7%
Rocket Lab
Kind of got that trend going
6.5% today.
ASTS is also trying to pick it up.
Not as good, but it's up about 2%.
It's going to bounce off 21.
Backtesting almost previous all-time high.
UNH did bounce a little bit, but it's headed back down.
Long, yes. Long, long, scalp.
Good old bye-bye, so high.
Yeah, that's what I did this morning.
God, tell me not to chase this short.
Don't do it.
All right, let me pull up some notes real quick. yes more closing in here since we can't seem to get a book p.o.c
stop gold Stop it, Gold.
It's a little bit higher. Just as I say that, okay.
Still on Meeksy? Meeksy, where you at? still on me see
where you at
yeah i'm just not trading he's killing yeah i've been playing with silver there you go my new love
my new love
the s i or s i o what'd you say sorry are you trading the small ones s i o or yeah
yep i'm trading the micros nice they're barely micros i right i've been trading like two at a But, you know, I didn't realize how well silver works with my order full footprint.
Oh, it works good.
I have a nice hit rate.
Yeah, I have a hit rate of 80% on it.
Boom.
We like that.
And I'm up nicely with just two micros at a time.
There you go.
Okay.
Good stuff.
Yeah.
Okay, we're about to get a new high.
Yeah, be very, very, very careful if you're in the audience and you want to trade silver.
Even the micros are really gnarly.
Right.
The other night, I accidentally, like, it was the first time I traded silver.
I'm like, I'm just going to test it out.
And I accidentally hit 15 micros.
And this was an email.
Oh, battle.
And I'm like, what the hell?
I'm down.
Who needs drugs when you have that?
Yeah, right?
And then all of a sudden I was up nine grand.
I was like, what the hell is this?
But it was like accidental.
I didn't mean to like, I don't even know what happened.
That's true.
Yeah.
So I learned my lesson.
Here we go.
15 micros is...
That's good.
15 micros is 7,500 troy ounces.
So one point would have been $7,500.
The contracts are gigantic.
That hurts.
And the tick size is a tenth of a penny.
That's what it's denominated in.
So the spread will be like eight ticks, and that's like $250, $500. You's what it's denominated in. So the spread will be like
eight ticks and that's like $250,
$500, you know what I mean?
It's just
it's not good for your health.
It's a nightmare to do quant work
with them.
I need a faster move.
So these puts can lose a little bit more value.
Go long scalp.
Three minutes CBC.
Spy. New high a day. Take it higher higher there's reason to trade higher go yes there is oh nq is gonna happen to this fucking imbalance but i swear there's a knife candle and vlo just broke previous day low
this is what happened this is why uh gosh I just used to sit back in these days
where you're like, it can't go up anymore, and it just does.
And now to be a part of the time more times than you think it's by low sell lower by high and sell low, buy lower.
Ooh, there goes TSM.
There we go.
That's a beautiful chart, by the way.
Five point gain gold, sold half.
Scale and trail stop loss.
You had a high probability you break 5090s.
You got a lot
of negative game exposure there.
You don't got much on the way there.
I'm watching these previous highs
from December 10th.
But just shortly after that,
another 20 points is my full target for NQ.
Yeah, watch Billy.
26,100.
You got a daily level.
26,105.75.
For gold, I'm looking for London Orb High.
5,084.5.
And then pre-market high, 97.3.
Sounds like radio stations.
I know, right?
97.3.
It's FM.
Okay. 97.3 KISS FM Oh, juicy.
Juicy!
Yes, now these puts are losing value.
623 puts, get them cooked.
Give me 123.75 and then 143 and then this can stop going higher.
Unless it doesn't want to.
Unless it wants to run through this daily imbalance that I have.
That would be gross.
But I'm not going to expect that.
It's the only order flow on the freaking chart
on this bigger time frame i'm gonna think we reject first
but if we see strength through that area and we are running through 271 25 which i wouldn't expect
today but if it happens even tomorrow i see no reason this market doesn't go back to all time highs on the queues
all right ladies and gents of the space is this all from me i will catch you guys later
peace out see you later joe not gonna lie though I do think there's gonna be a nice nice fucking short off of this 143
on NQ when we get there we'll see what the reaction's like see if the market actually
decides to to reject or just picks up speed, sometimes you tap into these big daily areas that you think are like targets for your longs
and they just actually gain momentum through there.
But there's no way to tell that really, unless you're...
It's tough to tell that, but that's why I was waiting for the reaction.
Mmm.
Mmm-mm-mm. Do we need to dip to five minutes?
Maybe. yeah sooner or later i'm going to do a call spread i want to see if we get over 100 though
like 107 110 get closer to that thank you he's pushing i put spreads were at 50%. Very nice.
I know.
I missed the entry on the put spread when I was flipping it and reversing it.
I mean, I was going to look for call spreads,
but I was like, bro, this, I really think
is great.
Yeah, no, it's good.
First dip, so I was like, I'm taking this.
I'm taking put spread.
I think I can still take a put spread, but I would exit it.
You could actually get a put spread.
Well, you don't do NDX, but you get a put spread.
Wait.
Oh, no.
I don't even know.
Save me.
Save me. save me save me
oh wrong place
yeah
yeah
oh we just rejected the pivot point on silver Yeah. Yeah.
We just rejected the pivot point on silver.
Silver.
Big's coming down. Okay, let's see. The down payment Rizzo probably made a made Rizzo doesn't spoil himself
maple
why?
I'm traveling right now
I thought I was like leaving you hanging
multiple times I'm so sorry
no no you're good
I'm so sorry I didn't realize I was not muted
yeah the down payment No, no, you're good. I'm so sorry. I didn't realize I was not muted.
Yeah.
I was just talking about how he doesn't spoil himself
with all the money he makes.
I would spoil myself
all the time.
Don't you go on
18 vacations a year?
She always lets us know so that we could
always be long on the market
at that time.
Alright, I'd trim spy.
She is a woman of the people.
Boom, 260.
Hey, must be the money.
If you want to go and take a round
okay
our rumors
age I mean our age is showing
I'm just kidding
Jordi's like what kind of a song
is that never heard of it
if you wanna come and take a round
is that a medieval chant?
Four points. Four spooze points to all-time high on SPX.
Go TSM, go.
Taiwan, see me.
Taiwan, see me.
and 696 target hit on spy what a freaking morning
A little bit higher.
Get us over 100.
IWM pulled back in after we're reaching the ties.
Pull back in after reaching its highs.
Spy is
10 cents away from new
all-time highs.
Oh, yeah. We're going to get it.
We're going to get it.
We're going to get them.
Yeah.
Yeah.
Target acquired.
Target acquired.
New all-time high?
Yep.
New all-time high.
We did it.
We took spy calls for new all-time highs.
Great freaking job.
KC is a part of history.
Woo!
The man.
The myth.
The legend.
I'm waiting for SPX to hit it.
It's like two points away.
Come on. Thank you. stupid phone
you guys hear me?
Yep.
Yeah, we got you.
So interesting.
That worked. Slow grind higher.
Can I just hear my wife?
Yeah, just barely.
I can't wait to hear what she's saying.
I'm going to mute my mic. Pocket lab.
A little sideways now, but still up about 6%. Thank you. This is how we do it. Thank you. All right, let's see.
I'll react to this far when I get out. Okay. Yeah, it's holding up a bit stronger on this.
I got call spreads.
By the...
Let me go check.
Your highest gamma this morning was 695 it is now 697
your 694 and 695 area is increasing your 697 is now kind of decreasing a little bit so I wouldn't be surprised if the 695 area where they bought it up at 1005 and then 1030 if that continues to hold and we
continue to hold daily EMAs and spy continues to move up at some point in time to get closer to that 697
target. Q's will most likely see a move closer to 633.
Let me see. yeah 632 50
the 633 area if that happens
Vick just broke previous day low as well and your internals are still positive as of right
now.
Valdi and Valdi Q. So it could be a buy the dip until those targets hit.
Just be cautious on the shorts.
They could be short left.
You're right in the spot that bulls need to hold this intrad today to keep this going.
If we run through this 26,058, 25, I think we can maybe tip a little bit more
to those 15 minute lows I was looking for originally.
But then I would look for us to hold there. Thank you. Bank of America lowered price targets on Amazon, and Stifel raised it. Thank you. XLS financial is kind of getting nerfed today.
Is JPM still selling off?
You mentioned it earlier when I quickly went over to it.
I didn't know if it continued,
but it gave back the whole move almost from yesterday.
Yeah, it's red, still still in yesterday's range okay
was morgan stanley looking like honestly jpm may be along over midpoint of yesterday's range
daily it tested past two days in order block Thank you. Okay. I'm going to go ahead and get it. so
silver bouncing back pretty decently intraday but
gotta break some of these bigger highs 110 that we just made on the way down Mm-hmm. Thank you. yeah
all right I'm going to get back to the highs.
Yes, taking out high there.
All right, 10-point gain gold.
Sold a quarter.
Very nice. Ticker RR, Rich Tech Robotics, absolutely. ticker rr rich tech robotics absolutely ripping today had a nice move pre-market pulled back and is now ripping higher about to hit five bucks from going from four
robotics cycle yet
that thing is cooking, look at the daily
and the weekly chart. This one looks good for
higher.
Thank you. Oh yeah, it looks like they partnered with Microsoft for real-world robotics applications.
That's worth a chart.
Yeah. okay
okay just chopping a little bit sideways here see if we get that next leg up lucid headline what headline the fuck thing is popping garbage Garbage, oh. Thank you.
You can get to these highs now.
It's going through that five-minute spot.
Just things have slowed down a lot
ES still looking great though
it's holding up a bit stronger
still got reason to trade higher though
bigger time frame highs
123, 143
alright guys all right guys i'm just kind of hanging around here but i'm not trading anything no worries i'm gonna i'm gonna go heard that have a good one thanks you too bye guys bye I'm set high.
Take it out, take it out.
Yeah, it's just cruising.
It's got a big daily high from January 15th at $7,017.25.
Maybe watch for some slight rejection there, but I think NQ's just going to keep this running
until we get that bigger timeframe target
I've been talking about. Thank you. Yes, getting really close to that high.
Just another quick leg up.
Let's see if we react off that at all.
I posted some screenshots above just from the trades this morning.
So three for three on SPY.
So took the puts out of the gate.
I like the SPY and Q short.
And then we had the bounce.
I took the second short again at those January highs at 955.
Took that move down,
flip long at 10.05
and I just exited up here
at the 696 area.
So a three for three this morning
on the Spoozy Woozy trades.
Somebody asked if you still like Walmart, Casey.
Any chance it pops up in two weeks?
I haven't even looked at Walmart in a few days.
Let me go see.
Where is it at?
It's about to fill the gap on your daily.
Your gap takes it to 115.46.
It hit 115.69.
So it came within a quarter from that area.
I think as it works its way down closer to that gap at 115.46,
what is say 50 area to 115?
I think that looks really good for a support spot there.
It looks really good for a support spot there.
Essentially, it's going to be your weekly put a level at 115.46 and put a level at 114.80, that spot right there can be a great SR flip spot for a little relief bounce.
And then I would try to target back up near the highs of your 117, 117.50 area.
If it loses at 114.8, I think you have a good shot of seeing 112 again on Walmart.
This morning, pre-market, it was in a four-hour squeeze to the downside, and it's fired,
and that's what's playing out right now, along with your hourly squeeze. They both fired at 8 a.m. pre-market.
And let me draw, because Lux Algo is saying equilibrium is near here at the 115.46.
Did he get a new high on NQ?
Yeah, still running
it is uh draw your fib from the low swing low thursday january 8th to your swing high
tuesday january 20th on walmart your 50 retracement is going to line up right here in this area around 115.46.
So I would watch that area right there for a potential relief balance after that squeeze downside.
That looks good.
Hopefully that helps. Gold. Silent killer. here we go pushing into pre-market high oh yeah we're up 18 points
here on the gold runners quarter position left it's pre-market high 97.3 and then previous
day high 103 i'm going to raise the stop loss here in profit. For the listeners, also one point in gold is worth $100.
So if I'm up, what is this right now?
16.5 points on one gold mini, that's $1,650.
Boom.
Long story short, that means maple is very rich.
Yes, sir.
It was weird.
I'm trading in a van right now, and then I'm about to go kayaking.
I love that.
Hell, yeah.
He said I'm up $1,600 per contract in the backseat of this van,
and then I'm going to go kayaking here in a few minutes.
Let's go.
Dude, shirtless
Could never man Yes, just a couple points from that big high.
Does the market know FOMC's tomorrow, right?
It's tomorrow.
It's slow grinding.
Probably hit that NFP level that Imp was talking about yesterday.
Okay. All this this 1580 Thank you. you We'll turn around Tuesday coming this afternoon.
Maybe.
I don't know.
I don't think so until 26,143 gets taken on enqueue.
But we'll see. полосы but spread still sitting at 50 percent I'd like those to drain out a little bit more
oh here's NQ picking up speed no reason to be short yet
speed no reason to be short yet just because we're off a lot and keep running ain't no reason
Hold it.
Yeah, still hasn't grabbed this high.
That's a YM.
Trying to come back.
RTY's slow grinding.
Not doing much.
That gold, though.
Let's go, MAPES. though skill mates Продолжение следует... Okay. Pick it up
that's premiums move very slow on the spreads but
all right with it the rr just broke five. Ooh.
Alright, nice push on Spy.
See if it can work its way up to 697.
And then see if Qs can get up to that $6.3250 area.
Can I sell calls up here?
Hmm.
On SPX, can I go $40 out?
Can I do like 70-20s?
No, I can't.
I mean, SPX, 7,000 today is going to be wild.
I wonder if that's going to be like a clear intraday short. It's when it gets up near 7,000.
So selling calls above that would be interesting.
Yeah.
Yeah. yes hit that big daily high that's a high from january 15th
whoa whoa whoa whoa whoa whoa whoa what is that whoa. What is that? Unity, my puts. Oh.
I just checked my main account.
Let's go.
My put swings.
Let's go.
I'm going to put it in for 380, and they filled me.
Let's go.
Yes, it's hitting a giant spot.
Seen a little bit of rejection.
Initially.
See if we can get through it
uh if you want to know why i was short unity last night when i was bored watching my kids make an entire mess in the bathroom,
splashing water all over the place, and I got tired of yelling at them,
I decided to look at charts because that calms me down.
And I sent a chart on Unity for some highs back at the end of November 2025, near about $43.70 to $44.
If you look at your daily chart yesterday, that was a big SR flip going into 2026.
And it had backtested and rejected that with two nice really upper wicks from the previous sessions.
Really good risk-reward there for a potential short off that area near 43. So decided to swing the puts. We opened up at 43 this morning. We're dumping down. I would like
to see the trend line hit. That's probably going to put it closer to 41, which is coming up here
in about 25 cents, but $40 cycle essentially be full target downside for this move. But I am out
half that position with a stop
at entry now on these puts let's go Thank you. It has an ugly daily candle on Unity software. Okay. Okay. Okay. Okay. Okay.
Okay.
Okay.
Okay.
Okay.
Okay.
Okay.
Okay.
Okay.
Okay.
Okay.
Okay.
Okay.
Okay.
Okay.
Okay.
Okay.
Okay.
Okay.
Okay.
Okay. Okay. Okay. Okay. Okay. Okay. on does $13 calls March 20 26 urgent repeated orders coming in oh Boeing CEO commentary is
coming out right now multiple orders on these contracts 2.56 million so far this morning at
the ask 569 thousand at the bid so you have like or five times more flow at the ask.
Walmart, three pennies from Gapville, out of the way, new lows. I'm in 6.30.
Puts for tomorrow. Thank you. you
oh if i'm c tomorrow probably not doing much and try and probably pick up an early morning trade and be donezo
or nothing at all Thank you. Alright, just posted the updated chart on you.
If they profit screenshot there as well from.
My main account showing quoted the previous chart as well, showing that backtest rejection
in the current daily candle.
It was absolutely gorgeous
so Thank you. Okay. Thank you. Okay. Thank you. Thank you. Nice.
Let's see if I can.
That was nice.
Nice. Thank you. ASML new high of day on a Ming Chi Kuo.
Yeah, I think it's fine. Oh my gosh.
Launch on January 30th for $2,899.
From a smartphone to a 10-inch tablet,
ultra-thin when open, supports 200,000 folds.
What in the world?
I don't want a folding phone at $1,000.
Yeah, just like...
To me, it's crazy that they make a folding phone more expensive
because I want nothing to do with a folding phone.
So making it more expensive is definitely not going to get me intrigued.
Yeah. Making it more expensive is definitely not going to get me intrigued. It seems like an upgrade for some, but that is a downgrade to me.
I don't care what I can do with that fucking thing.
My buddy has one.
The only thing he uses it for is when we're out and to watch a sports game.
Yeah, that's pretty much like like that's
gonna it's just a crappy your tv for your face it'll be like oh that charge it's like bro i don't
get charged away from my desk to be honest like yeah my checking on my phone while i'm on a plane
or something but like I am not.
There's no use for that shit to me.
I don't know.
Wait, I have a question.
What's up?
If you have a folding phone,
if you put a case on the phone,
does that mean part of it would be exposed?
That's a good question.
You know, I don't know that they really do cases, I guess.
I wonder if they make a case that you put on when it's fully open and the case folds with the phone.
That'd be how they have it.
And they just make like that middle part flexible material?
I don't know.
Fuck.
That's what I'm saying.
Could it be durable
on a drop, or could it
withstand being submerged
underwater to not get into the
phone?
I mean, most of them are like
IP67 now.
Yeah.
Yeah, I guess
some kind of flexible case. I mean, if they
want to protect that, you would have to protect that portion of the phone.
I mean, that's where the fold is on the phone.
That part fucks up.
Your phone's done.
You got to protect it.
It would have to do something there for cases or...
Let's Google it real quick. and not the ones that fold like hot dog style. Talking like hamburger style.
Remember that?
Freaking second grade.
It's like the new Razor.
Ah. New Razor.
Here we go.
Few details. The sun just has a hard piece of plastic like where the engine that. On this new high a day going for previous day high after that $13 call flow came in this coin along now what do you think amp
Is coin a long now?
What do you think, Amp?
You said the gap has been filled after this massive death move it just had.
Is it a long?
It's not very special i i think the the market advances of people onboarding into crypto
will be from where they're already banking or investing i don't think they're going to be
switching over you know coinbase not that said Coinbase does make good money from interest on like USDC and stuff.
But the bull thesis is kind of bleak at this point.
It's monthly looks rough.
I mean, monthly trend line.
I mean, maybe if it got down closer to what?
Like 195-ish? trend line I mean maybe if it got down closer to what like 195 ish mid to low it's hard to get excited about that one
I hate trading crypto stocks your Your micro strategies, your coin, your BM&R, your MARAs, your CleanSparks, your riots.
I don't really like the options on a lot of those names.
All D is cruising up. VIX looks like it wants to do a bear flag breakdown.
Spy new high a day briefly. Your net drift call premium is still significantly higher than the put premium. Thank you. Yeah, I'm short here.
I'm short from 102, actually. Dixie getting into 2022 lows
for lows since 2022. Microsoft is making new highs.
Now we're just on the slow grind here.
Still got levels higher, but kind of just taking a breather sideways
fine for my spreads i don't mind that a little over 50 here they're doing all right
not too bad
don't think this slow grind really stops, though.
It's kind of possible things to get some level trade into for tomorrow morning.
That was roboting for me.
That was roboting for me.
Even more roboting.
You're getting DDoS attacked by the market makers.
I don't understand.
Drop it. Drop it.
Drop it.
Sure.
Been sure since 102, baby.
Come to papa.
Chupapi muneño. Chupapi muneño.
Can I go?
Oh, yes.
Jordan is definitely lagging.
Okay. Oh, yes. Jordan is definitely lagging. Can you hear me now?
Yeah.
Okay.
I restarted.
Clear as a Verizon commercial.
I don't know why things are a little glitchy.
If you run through the 79, 25 knots, I think you can get the 60s.
Yeah, I'm going to trim here.
I'm going to trim here. I'm going to cover some.
Hold this.
Closes in two minutes.
Needs to close above if bulls on a little bit
I want to try and get two cents.
Try to get two cents, but I'm stopped.
I'm stopped.
Man, come on.
It looks like it's holding. one more minute on this candle.
That held well.
Very nice.
I get a two-minute inversion out of that five-minute gap.
Let's see if it closes.
It does.
A little trigger for the next leg up here. Thank you. see if this can take it to the next leg higher getting later in the morning hard to hard to trust these setups
It's hard to trust these setups when price is moving this slow, but still reason to trade higher on this bigger time frame.
It's just a matter of, are they going to do that today?
We've already done a lot this morning. I actually like to, even though it's boring, I'd like to have them pause it the rest of
the day kind of in this range and then leave all these levels for tomorrow morning.
tomorrow morning.
Then I can get a little long early AM.
Don't have to worry about F1C at all.
Sit back, some popcorn, watch everybody go crazy.
Definitely will not be trading during that meeting.
No reason to for me. Definitely will not be trading during that meeting.
No reason to for me.
Too many failed setups.
Testing that five minute again. I need us to pop.
See these spreads, you know, I can get out of them.
Get out of most of them at least.
Hold it.
Hold in five minute again. RTY doesn't look bad here.
Dow doesn't look bad either.
Decent bounce back on Dow from this morning.
Something I'm thinking about, I don't think it's going to hit.
It might be in guidance, but's not definitely not hitting now is
Forex headwinds
do you remember 2021
when everyone
was talking about
the headwinds and tailwinds I think
that may start showing up in
earnings talk yeah
maybe a little Q1 but
next quarter more so. Well, this momentum is slowing down.
I think that's a good time for me get lunch have a good have a
good rest of your day all sounds good vk we'll see you later brother
cheers cheers yeah things slowing down but we're still still holding bullish order flow every dip
we take tried to run through this five minute for a second, but we're holding it overall.
I know we're about to get into lunchtime here in five minutes, which generally is slow time.
So, I mean, like I said, I wouldn't be mad if they paused it here.
Maybe just maybe take a bit of a dip, retest some of these morning levels and
hopefully set up for tomorrow morning where we can take out some of these levels. But I fear, I just would hate for it to be like last night.
Because if we do what we did last night,
there's not going to be any levels that target to the outside really for me anymore.
Not with the conviction I have for these next spots.
So hoping those get left.
If not, all good. We'll see what kind of opportunities we get
into the morning. But I don't know, FOMC tomorrow, I'm going to be playing careful and not going to
be trading during any of the meetings that they're doing or anything. I don't want that.
Too crazy for me. It's not even really the volatility that's crazy, I don't mind having a lot of
volatility, it's, the issue is just
too many failed setups for me
too many times that you have a good setup you think
is good and it just gets
wicked out because there's so much
craziness going on during that time, you know
I'll try and score it early
if I get it, I get it, if I don't
it is what it is and then we'll kick back and watch f1c
i don't you and h down 70 bucks dude oh it's about dude it's about to fill the gap from august of
2025. yeah i know i was i was looking at that this morning i was like we're gonna go it's just ten dollars lower dude smoke
i think it'll get there i think this is going to be like after one the big news that it had
and then earnings it's just going to be no one's probably looking to really step in and do anything
crazy on this one it's probably just going to be a slow bleed and a slow fizzle down um and then fill that gap but um i actually i sold all of my position
yesterday on unh um i think i got an exit at 321 um oh when earnings hit you got out yeah yeah
absolutely when i saw the headline and earnings i was out because i was my average
on it was 287 damn quick mover dude i i was like i would not freaking i probably wouldn't have like
realized that to be honest yeah i sold a lot um when it went above 360 going to 375.
And I've just been holding some ever since.
And then when I saw it yesterday, I was like, ah, this doesn't look good.
So I closed the last position to free up some cash, and I'm glad that I did.
Are we long Coinbase?
I probably...
Is that the Ryan?
Is that the Ryan? Is that the Ryan?
I'm about to go open up the Tesla space, but...
The Ryan trades? I'm long Coinbase.
Did you do it? I did it.
I took a couple little option shots.
I bought some COIG, actually, as well.
Shout out Leverage Share.
Some coin. Some leverage behind it.
But it's like... I was just looking at the monthly chart.
I'm thinking mid-190s, like 195.
I'll try it.
There's a little shelf here.
There's a lot of lows that were here previously.
Oh, yeah, 100%.
Okay, maybe you get a little bounce here.
Make it back to 230-ish is kind of my target.
And you've got earnings in about three weeks,
so maybe that'll help.
We'll see.
I'm not, I don't love crypto, what it's doing,
but I feel like kind of maybe risk on flow out of metals
into crypto a little bit.
Just a little bit of the thesis there,
but I'm going to open up the Tesla space and then I'll be...
Neos is coming on.
I see Neos, the team coming up here.
Good chat coming up here for the next hour over here.
And then see the rest of you guys on stream in about an hour, hour and a half.
Sounds good.
We will see you again.
I hope you guys crushed it this morning.
We filled that daily gap or we missed it by two points,
but finally filled that upside gap on NDX and QQQ.
Yes, sir.
Yeah, I played it long.
I was long-ass.
We took it to new all-time highs for a spot.
I was doing Trump impressions on the stream a little ago,
and somebody was like, you know I'm having a good day
You know I'm having a good day if he's doing Trump impressions.
if he's doing Trump impressions.
Yeah, that's true.
Speaking of great guys, Austin Hankwitz, great guy.
One of the best.
One of the best.
Great guy from Nashville.
Love Nashville.
They voted for me.
Oh my gosh.
I've got a friend that can do a Trump impersonation really well.
Assuming that's what you guys were just doing.
Oh, of course.
We're always doing that.
We absolutely love the Trump impression.
So funny.
Hope you guys are staying warm, staying safe.
Oh, well, you know, me and Ryan up here, he's in Mexico.
I'm on the West Coast, so we're doing all right we're praying for everybody else but staying staying nice and warm on the west
coast that's good to hear yeah no we uh dude i lost power for like 24 36 hours or so um over the
weekend and it was i think like six degrees out when that happened and what's weird
like it came down as a nice little beautiful snowy wonderland right and then it turned into
like an ice storm and so literally everything around me is just ice like the like all the
trees are falling power lines like it's it's crazy i still have friends in nashville that
don't have power right now um ireland my fiance she's working um you know for iheartmedia
and some of her uh co-workers over in hendersonville which is like 20 minutes north of nashville like
they don't have power and their homes are like 37 degrees like dude it's nuts man it's so sad
yeah we got out of there at the perfect time we were in uh knoxville t, Tennessee, and we just missed the ice storm
apparently, so I was happy to...
What were you doing over in Knoxville?
We were actually out there for
Gob's bachelor party.
Just enjoying it. He went to Knoxville?
We went to Knoxville.
I don't know what the
thought behind it was, but we had
a great time. We rode some ATVs.
They shot some guns. He was trying to find him a Hawk Tua girl over there in Thought behind it was but we had we had a great time. We wrote some
Like I was trying to find him a hawk to a girl
Tennessee Like old smoky brewery or like y'all go to the stadium or anything like
Tennessee Vols related stuff. That's we got a giant cabin and kind of just partied there. We had a ping-pong tournament
Ville yes, yes, yes, okay way different wait, right?pong tournament. Oh, so you were in Sevierville. Yes, yes, yes.
Okay, way different.
Way different.
Sevierville's cool.
Yeah, that makes sense for a bad party.
My man knows.
Okay.
God, dude, you're talking.
I mean, come on now.
I lived in Knoxville for, what, six years?
And then, dude, I'm from Tennessee, you know.
That's where I'm trying to retire eventually.
Yeah.
I'm trying to get a move over to tennessee soon
yeah right dude tennessee's great tennessee's a cool place to be actually a lot of people live
in tennessee um people you might recognize too like uh what's his name dividendology he's over
in tennessee he's a cool guy oh really yep yep he's a homie uh we actually got lunch uh maybe
a month or so ago but anyway anyway, let's kick off this.
I know we're a couple minutes in already, and we're over here chomping at the bit,
talking about all the fun stuff to do in Tennessee, which is a kind reminder.
Anyone in the Nashville area, come hang out with your boy.
Not now.
It's obviously a lot of icy and snowy stuff.
Obviously, a lot of icy and snowy stuff, but regardless, it's a lot of fun here.
But regardless, it's a lot of fun here.
Okay, so these are, as you guys know, our awesome weekly X spaces.
My name's Austin.
I'm the co-host of the Rich Habits podcast, head analyst at Grid Capital, co-founder and
CEO of Wits Ventures, and I like to talk about the stock market with fun people and friends,
as well as industry experts like the kind we have right now behind the Neos account.
Is it Troy or is it Garrett today?
It's Garrett. What's up, Austin? How are you?
Good, man. How's it going? How's it going?
Good. Yeah, digging out of that 14 inches of snow. My kids loved it, but my back, not so much with all the shoveling, but other than that, doing good.
Oh, my goodness. That's a whole lot of snow.
But regardless, we've got our friends over here behind the Neos account, as well as a
ton of other awesome speakers.
In today's entire theme, we're going to be talking about macro market deep dives.
Where and how are you positioned?
I think this is really important because we've got a looming government shutdown.
We've got this, like, I think I just saw saw a headline maybe someone from the team can confirm this but i think i just saw
a headline that trump is thinking about someone else when it comes to the fed uh you know chairman
chairman of the fed over there that it was not i think it was kevin or something last year maybe
not but now you know a little bit of switch up from over there um you know there's a lot of just
macro things happening in general here that I think are
really going to continue to move the markets up, down, left, right, and in circles.
But maybe we kick off with some of that.
Maybe we kick off, Garrett, here with a little bit of, you know, what's your perspective
as it relates to perhaps where the Fed is right now, this looming government shutdown,
or obviously earnings is really this week, next week, right around the corner here. So in general, what are your thoughts on the markets? And then what advice,
can't use that word. What perspective can you offer investors here listening right now,
trying to build a portfolio and navigate everything going on at the moment?
Yeah, thanks, Austin. I mean mean listen, nothing short of a lot of
news, a lot of information. We've been saying it for a year, two years with this administration.
It's really about what are the unknowns that ultimately could happen. Obviously United
Health and some of the healthcare sector just because of a tweet today, you know, taking it on the chin. But I think one thing that we've always been stressing always is kind of like know and
understand what your risk tolerance is and what really you're trying to achieve within your
portfolio. So is that around growth is around income stability, like how could you handle or
whether, you know, a 10, 20, 30% correction within whatever asset class you're
allocated to. So we saw like a wild swing within interest rates of the feds ultimately, you know,
revert course and hike rates. Like, would you be okay with where your fixed income positions,
you know, are if obviously something come out and equity sell off? So I think as like, as things
we're just watching and what we're hearing from other institutional investors that we talked
to, so large, you know, CIOs, you know, for huge private wealth, for pensions, endowments,
foundations, just in general, other large asset managers, you know, I think all eyes have been
really more now on the administration and what is the administration going to drive from both a Fed
perspective, so who's the next chairman going to ultimately be,
as you were just alluded to, clearly huge spats between Trump and Powell. That's not slowing down
anytime soon. Obviously, trying to go out, going after him criminally for renovations and multiple
billions of dollars of saying misappropriated funds. That's just another shot at clearly his
disappointment, but ultimately, the administration trying to drive interest rates lower.
You know, I think a lot of investors are also looking at the fact that interest rates haven't
been reduced more is not a negative, right?
It's probably actually a positive that we've still continued to see GDP north of 4%.
You know, the jobs market still looks pretty solid. I think everyone can argue that
depending on what side of the aisle you more sway with is how appropriate is the data? Is it correct?
Is it not? But I think as investors, we're all getting the same amount of information at the
same time and trying to ultimately assess what that means for portfolio. Everybody's got some
different spin on what it is that they like to do. And I know talking on these spaces, right, we get a lot
of people that play, you know, in the single equity space, trading other options or just
equities around that. You know, we here at NEOs don't so much talk about, you know, single companies.
We talk about more macro and trying to allow investors to espouse their own risk and their,
you know, beliefs on generating tax-efficient income. And so we try to offer the core allocations across indices and benchmarks
and overlay an option strategy that helps lower volatility and generate tax-efficient income.
And so it's like we think about the risks from this administration on what's going to happen
within the Fed.
The other side is obviously geopolitical, right? You could easily see an announcement of, you know,
supporting, you know, Iranian individuals against their government. And are we going to go to war
about that? Trying to take over, you know, Greenland to put in the Golden Dome, right?
It's going to be no short of information that comes out about all sorts of events that
ultimately can shock, you know, the markets in very, you know, shorter term basis. I think as
we think about that is use those short term opportunities, as we would like to call it,
to adjust your portfolio for what you think fits within that kind of risk tolerance and where you
want to be. Overall, we're big believers of a diversified portfolio.
So if you think about what it is that you're looking to take from your risk to income need
or your overall positions, let that guide you. Don't let other influential individuals get you
into a single equity or a company that you don't know a lot about and just implode too much risk
into something. For us, that diversification gives you what we love to talk about is durability.
I mean, I think that's something we talk about a lot,
but we also hear from a lot of just obviously
the major asset allocators that we're speaking to
is how to just live through a durable,
how to build a durable portfolio
for what it means for you
in order to know that regardless
of what could happen in the market,
that you're not going to be surprised to the upside that you've completely missed out
or surprised to the downside if something happens negatively.
But all eyes are definitely on the administration, how it's going to affect the Fed
and ultimately more geopolitical because as of right now, data that's coming in is still saying
we got some slightly sticky inflation,
but, you know, hovering in that, you know, two and a half or slightly north, you know, of that,
I don't think is a terrible thing, you know, overall relative to everything else, you know,
so how do you manage interest rates, you know, accordingly, the economy growing, making sure
the jobs are there, you know, while you're obviously, you know, keeping an eye on inflation, not easy for, you know, ultimately the Fed. I think they're
in a pretty challenging, you know, position of where they are right now. And I think that's why
we're all just seeing them kind of hang tight with a ton of banter, you know, back and forth
between the Fed and the administration. I appreciate that breakdown. My follow up is,
you mentioned sort of this durable portfolio and sort of offering different ways that people can diversify and sort of get exposure to different things they're interested in.
Can you do just a quick breakdown of your suite of ETFs?
I know you've got like MLPI for like master limited partnerships with like oil and gas.
Then you've also got the gold stuff and you've got the Bitcoin and you've got the Ethereum.
and you've got the Bitcoin and you've got the Ethereum.
You guys are all over the place now,
which I think is really cool
because it's more options for retail investors
to really double down on what they care about
as, again, investors.
But can you kind of give us a quick walkthrough
of how your suite of ETFs is broken up now?
Sure.
So for anyone who doesn't know,
think about it in three ways.
You have core equities,
you have fixed income,
and you have alternatives.
So as we think about the equity exposure,
you can kind of expose your view.
We have products for the NASDAQ 100,
the S&P 500, Russell 2000.
We have hedged versions of the NASDAQ 100 and the S&P.
We have international equities,
which comes through an IFA, so NIHI.
And then we've also recently launched
a long short equity product.
So you could be allocated in various areas of the equities.
Alternatives, which has been a space that we've been growing,
that comes across IAUIs, our gold high income.
IYRIs are real estate.
So you get into a high income focused real estate product.
We have Bitcoin and Ethereum, both in high income version.
So pick or allocate your appropriate percentages across crypto.
And then, as you just mentioned, we launched MLPI, which has had a really nice start overall
to the growth of the fund.
But we launched that about four or five weeks ago.
And so that's giving you exposure into MLPs and also energy infrastructure slash transition,
just because the MLP space has had significant
consolidation, you know, kind of over the last five plus years. And so in addition to that,
so that'd be the equity, the alts, and then we have fixed income. So anything from a one to three
month treasury bill out to 20 year treasury bills, core fixed income, high yield. And so the idea
out of those 16 products is, you know, what fits within your risk tolerance, your overall asset allocation, and trying to give you those building blocks to
allocate across income-oriented products, you know, even whether those asset classes
historically have not produced income.
You know, we look to have them, you know, create income off harnessing, you know, the
volatility of them as a way to, you know, add into your portfolio not only your long
only growth, but now, you know, income allocations across, you know, add into your portfolio, not only your long, lonely growth, but now,
you know, income allocations across, you know, all those asset classes.
I appreciate that breakdown, my friend. Thank you so much. And I love the strategy you guys use and
what you guys are offering retail investors as a NEO investor myself, you guys are, you guys are
doing it the best I see. And I think my eyes might be deceiving me but i see kim
and i haven't seen kim in a space of mine in several months it says she's a listener
i'm hoping she's a speaker oh i heard her voice you must be a speaker what's up kim how's it
yeah uh thank you for that warm welcome i miss all you guys i I know I was excited when Wilfer was asking me to be on with you guys this week.
Well, super grateful that you're joining us here.
And you kind of got a little bit of an intro, right?
But just to give you a kind of lay the land, we're trying to figure out with everything
going on in the macro, how investors are positioning their portfolios.
So me personally, two things, three things,
I'm positioned for this year and highly recommend go tuning into, I think it was like two weeks ago,
we published an episode of the podcast sharing our 2026 market predictions. And me personally,
I'm looking at copper. I've been in copper here for a couple months. I'm looking at pot ash,
which is the main component of fertilizer. Fun fact, we import 95%
of our fertilizer from Canada. Obviously, we don't have a good relationship at the moment with them.
So I think IPI is actually the only US-based potash manufacturer here in the US, take about
5% or 10% of total consumption there. So I think potash is interesting.
And then I also think the Russell 2000 is worth adding or at least looking into giving how, you know,
interest rate cuts, quasi-quantitative easing.
We're seeing a lot of sort of let's run the economy hot
and the stock market hot and all the stuff
the Trump administration is doing to make sure they get,
you know, the midterms are kind of doing that in stride there.
So those are sort of the three things that I'm looking at here in 2026 and how I'm positioning
my own portfolio.
And Kim, I would love to get your perspective as to what you're doing or any feedback on
sort of what I'm doing.
Yeah, I think this market's really hard.
I think this market's really hard.
So because one tweet, one, you know, trade like tariff, where the government's going
to start buying companies, which is a little odd, you know, so it can definitely change
the environment really quickly. But like you, I just bought copper futures yesterday now in 24 hours.
I'm down. I like to use futures because of leverage and I can just, they cash settle every
day. That's how I trade the metals. But I went long copper and I'm just going to sit in it
because I definitely agree with you that
there's going to be a, well, from everything I've read, there will be a shortage. It's kind of one
of the metals that hasn't had this explosive move up. By the way, I know that Evan remembers this,
Wolf remembers this. I started buying silver on these spaces when the futures was at 16. You guys all
remember that? And I said it was going to 50. And everyone's like, no way, it's not going to 50.
This was probably like two years ago. And I just kept holding the futures and rolling them and
rolling them and rolling them. Well, I got out at 50. Unfortunately, I didn't have big enough
sights set on the fact that it would double from 50 to 100. But it was a nice call up to 50, right?
But has that just been the craziest? Like I'm watching the futures right now, and they are
moving so fast on silver. I think you guys might have seen that yesterday
it was up 14%, down 14%, all within the same day,
some crazy standard deviation way outside.
I think it was like nine standard,
I could be wrong on this.
There was like nine standard deviations
or something outside of expectations.
I'm not touching it right now
because even if you buy
one micro future, what I like to trade, if you buy one micro future, you could be down 10,000
in a second. I mean, literally in an hour. I mean, that's just how fast it's moving. That's
a micro contract. So staying out of that one. But I also have been in, I mean,
everyone knows here my biggest position is Costco. So I actually bought a little bit on that down
move because I think that retailer, you know, in this K-shaped economy, recession is always going to do well. And it had really taken a step back and
then got a bullish call by some analysts. And it's kind of been straight up from there. But my
another amazing trade is that I've held for a while now is the old boomer company. Sorry, boomers, if I'm being offensive right now. But the boomer company, warning, GLW.
That's been one of, I have the shares and I've had 95 and 100 options and it's up at 111 today.
I think it's made like a 20% move today, if someone can look at it.
It had news with Meta today.
Yeah, yeah, yeah.
But I've held that for a, I would say for,
I've held the stock for probably a year and a half.
I've held long-term options for a long time as well
because they make the glass
for a lot of these different semiconductors.
I don't know what they're doing with Meta.
I saw the news headline, but I don't know what they're doing with the meta. I saw the
news headline, but I didn't dig into it. But they're just an amazing story because they used
to make horny dishes. Who remembers those here? No, no one's enough to remember. Do you? I still
have some. I remember my dad when I was little, he would like throw them outside and because the big thing was, is that you could throw this glass and it would never break. And then I remember my dad when I was little, he would like throw them outside and because the big thing was is that you could throw this glass and it would never break.
And then I remember he threw one and it broke against the sidewalk.
But yeah, so they used to be like a dishware maker, right?
And I don't know what else they did back in the 70s and 80s. And then they flipped to making the, what is it?
What's it called?
The glass that you need for the semiconductors?
Gorilla glass.
They made it for the phones.
And yeah, I know what you mean.
By the way, today's morning news, they agreed to a $6 billion deal to provide Meta with fiber optic cables for AI data centers.
Yeah, so that's been a sleeper.
I remember I have one friend who's a really, really good investor, like a longtime investor.
And I was going, this thing's going to 100.
This was maybe like six months ago.
And he's like, no way, it'll never hit 100.
He's a very good investor.
And I'm like, you know, just shut out the noise and hold it.
Plus it pays a really good dividend.
But back to themes in the market, I think, you know, robotics.
I have a small position in RR that's up 30.
I actually hold the stock, not the options.
In RR that's up today about 38%.
But I was a little underwater on that position.
So now I'm up.
But robotics, themes,
obviously anything like rare earth minerals
that the government's going to take a stake in.
I had seen those USAR options go out last week,
Monday and didn't get them.
And then I think it shot up like 50% in a week or something. But Intel,
I have. But again, I think it's hard. I'm doing way less trading right now. And really more like,
I'm doing less buying options. I'm kind of sitting on my positions, my tech positions that I've always hold, Costco, some of the like small robotics themes. I'm holding
those things, but I'm really not trading right now because things get so volatile.
The last thing I'll say is I'd love to see Trump tweet something, have us get a 20, 30% pullback, and then just double hand fist it into futures.
That is, I think we're all hoping for that, aren't we? And it could happen, honestly. No one was
predicting the Trump tariff tantrum back in April of last year, and that was a crazy pullback for a
lot of people. So I'm curious, you said you doubled down on some futures.
What specifically, if you had an awesome opportunity to buy things at a massive discount, Kim,
what would be the top three things on your list?
Would it be Costco?
Would it be, you know, corning again?
Would it be some, you know, copper?
You obviously crushed it on silver.
What would be some things that would be at the top of your list, knowing we are right now as an economy you mentioned the k-shape economy i
completely agree with you we got some you know global tension with iran and we've got this
venezuela thing that happened recently right so there's a lot of stuff going on what would be
those top three picks for you oh that's why i didn't double down on futures i'd love for it
to take a step back so I could double down.
Yeah, no, no, that's what I'm saying.
What futures would you double down on?
Like what things would you just go out and buy?
I do have some short futures on right now that are underwater kind of just waiting for a pullback here.
I swing trade those, so I'm not worried about it.
I would love to see, honestly, like Mew come back.
And Mew, I actually did that and then I traded out of it because it just ripped so fast. And I
will be honest, I wasn't a believer of Micron going. It shows you what patience does because I own that many years ago at about 60 and that
stock didn't do anything for like, I don't know, six or seven years. And now suddenly it's just
gotten the hugest momentum. I sold it at about, I think, 250 and I think it's over 300 now.
about, I think, $250,000, and I think it's over $300,000 now. I'm a little bummed about that.
It's just so hard when these things go sky high, right? So I'd love to get back in Mew,
but I don't want to chase it here. Definitely, if Costco took a step back, my target always was
that it would go back to $750,000, I was hoping. It kind of got, I mean, I think it
went to $850 or so. I mean, I think it's just a good, solid place to park your money, right?
Where it goes up, you know, every year, maybe you get a 10, 20% return, but it's a nice place to
kind of park your cash, plus you get a small dividend in there. But really, I would like
to see Micron come back. I would love to see silver kind of crash down and be able to enter
a position because I was just trying not to chase it after I'd gotten out at about 52.
And now look at what it's done. So I think if silver and some of these metals could come back a
little bit, they would, you know, to get a nice entry point. But I don't think we're ever going
to see 16 on the futures again, personally. I think that makes a lot of sense. I totally agree.
Yeah. It's crazy, crazy that I had it down there. That is crazy.
Only two years ago.
I don't know what it was.
I was just such a believer in it.
I can't remember all the things that caused me to really stay in that position and not give it up.
But I do have silver in a different portfolio, not futures, but the actual ETF.
So I haven't sold out of that.
It's just I'm keeping it long
term. But it's not as much as I had playing the futures. And then one more stop. I would love to
see Microsoft. I know these sound boring, you guys, but sometimes boring is good. I would love
to see Microsoft pull back under 400. I think it was kind of close last week. And, you know, they're just,
I walk the Microsoft campus at least three times a week. I love that campus. There is just such a
good vibe. I work right across the street from it. There is such a good vibe on that campus.
They're doing a lot of building. And I just literally love walking there. And it's one of my favorite companies. I love Sate, Nadella.
And people that work there usually are very happy and satisfied with their jobs there.
And, you know, versus some of the other tech companies that I will not name that are in my
area. So I'd love to see Microsoft. Again, I know that sounds boring, but those are the kind of companies I want to own the next 10 years where they're just stable.
I completely agree.
I think Costco, I totally agree with you on that one.
It's actually funny you mentioned Costco because I've had a position in Costco for a long time as well but then also with this winter storm happening there was a viral video that went online of um i think it was like a crazy line i don't know how long it was hundreds of
people outside my nashville costco just trying to get as much stuff as they can ahead of uh ahead of
all the storm stuff so i agree with you kim and thank you so much for for jumping on with us here
gonna you're you're in one more thing you're in tennessee that's where my daughter's saying she wants to move she goes mom i really want to look in tennessee
will you come move with me over there yeah i'll tell you what all my kids live live in la
very different here very different than la um but options mike dude i'm so glad that you're
joining us i would love to get your perspective um perspective as well on everything we've sort of been talking about here.
Portfolio positioning, given the macro, as we head into earnings, are you positioned any certain way right now as we head into earnings?
Are you more risk on, more risk off, perhaps focused on growth or small caps or mid caps or big tech?
How are you positioned?
Hey, Austin.
Thanks for having me on.
I'm still holding quite a bit.
In fact, I've been slowly adding to a few positions here.
And I'm fairly aggressively right now positioned for my long-term portfolio.
And I don't have a problem going over it.
I own a bunch of the SPY and the Qsues and I added some back on recent dips that I bought heavily back in April, sold as we came up into adding back. Amazon remains my
biggest position and I'm still very long Amazon. I have some Salesforce. I am longer Ford now. I
really like Ford after that 19 billion write-off and getting out of the EB space. I think that's
exactly what they need to do.
And then I have a little bit of exposure to crypto at IBIT. And then I have some names that I really like this year. I have ONDS. I have BlackSky, BKSY, and I have Path.
So that's how I'm currently positioned. I still have a tremendous amount of cash to deploy.
And what I'm like now looking at is
I'm watching earnings here really very heavily, right? So right now I'm very interested in Apple,
Meta, and Microsoft and Tesla, depending upon what they see on these reports. And I'm not going to
position ahead of them. And, you know, like I talked to my members, I told them I like
maybe not healthcare this year, but not until after their first report, which was a thank God I
didn't take anything before them, because not only did you have the news last night that the Trump
wants to kill all of Medicare payments as they currently are, just make it a flat fee per person.
He also, they had a horrible report and got it down on revenue. So, you know, that's just something
you, you know, sometimes waiting for that first report of the year before you really invest heavily is something I kind of like to do nowadays.
So that's kind of where I'm positioning at.
I'll be looking at the semis like AMD and NVIDIA, which is sitting here at the 190 mark again today, and it can't quite break through.
And then, you know, I'll continue to look to add specular names like ONDS if it comes down a little bit more and BlackSky if it was to pull back a little bit more again.
When we're talking about the macro here today, I thought this was a great conversation.
The one thing I can tell you is that, you know, all the volatility is currently coming from the administration.
And when you look what's going on, whether it's Venezuela, it's Iran, it's he's throwing another.
For the last two weeks, he's throwing another tariff tantrum like you alluded to back in April.
First, I'm going to I'm going to I'm going to throw tariffs on everybody over in Europe for supporting Greenland.
Backed off on that.
Then we heard the other day, I'm going to put 100% tariff on Canada because they're making a deal with China.
Now it's on South Korea because they haven't approved my plan yet.
And I'm upset.
And the one thing I want to point out is the market's just shrugging this off. Korea because they haven't approved my plan yet and I'm upset. And this is in the markets.
And the one thing I want to point out is, is this the market's just shrugging this off.
Right.
The market at this point is just like enough.
We don't care.
Just keep doing what we're doing.
We had a consumer confidence number.
That was one of the worst we've seen.
I think somebody said since 2014.
And yet the market put a new all time high in the S&P 500.
Now, there are some other things that people aren't talking about that are potential game changers out there. And I'm going to circle
back to tariffs here because the Supreme Court hasn't ruled on tariffs yet. And that could be
coming down the pipe anytime now. And that's something that could change the game. I don't
think they're going to completely rule against them at this point or the way to rule to get
already. But I do think if they do rule against him enough or give power back to Congress,
who really is supposed to have the power on tariffs
unless it's an emergency situation,
I mean, that would take his threats away, right?
He wouldn't be able to use that
to try to threaten everybody anymore.
And that would take away some of the stuff going on there.
You also have the Fed fight with Lisa Cook,
which from all accounts, the Supreme Court did not buy,
which is going to hurt his chances on Austin Powell. So, you know, I kind of agree with the rates right now
are not too high. They could go a little lower, but you really don't want to go much lower here.
And I think the market's okay with that. I mean, if you go too low and you bring them all the way
down to where Trump wants them down at 1%, you're going to overheat the economy again.
And then what do you do when you have a problem? Right. So you can't bring them really down too much lower.
What, 3.75, I think right now. I do not expect a rate cut tomorrow, by the way.
I think we're only seeing another two this year, maybe three, depending upon who he puts in at the governor.
So for me right now, it's about looking out there and deciding what names are my most interested in here as we go into for this year for a while long.
So I thought GM had a fabulous report this morning.
They said they're going to be able to generate 10 billion more in profits for 2026.
That's an amazing number.
When you look at them, right, that's just huge.
UPS had a nice report as they're working on and they're unwinding themselves from Amazon.
Again, I think Amazon is the sleeping
giant. I like Microsoft here. Microsoft got beaten up last report because they couldn't meet demand
in their data center. Amazon had the same problem. They weren't able to build out fast enough to meet
the demand. I guarantee you that's not going to happen two quarters in a row with these guys.
They're too good at this. They know too much. They'll be ready to go. So I think it's not going to happen two quarters in a row with these guys. They're too good at this.
They know too much.
They'll be ready to go.
So I think it's a matter right now.
You watch which names you like, watch their earnings reports, and then you buy an app.
You can buy before, but you've got to be prepared that you can take a big hit if they don't like it.
I completely agree on Amazon.
And I know Chris Patel does as well because he just put $120,000 into Amazon call
options which we'll get to here in a second Chris but I completely agree with you and
my perspective when it comes to Amazon is I firmly believe that they have the opportunity
to flip a switch somehow some way and now you have hundreds of millions if not maybe
over a billion people that they can monetize their AI with, right? Just like Apple can flip a switch. They've not yet
figured out how to do that. But I mean, Google flipped the switch and we all saw it happen.
It's just, it's incredible. And you're right. We're still waiting for Amazon to really show
how they're going to monetize that. Same thing with Apple. And that's, by the way, with Meta,
that's the other one. If they show they're starting to monetize AI,
the stock's going to move.
Oh, absolutely.
I mean, what's crazy is I think I saw in their last earnings call,
they've made $50 billion in the last 12 months from Instagram reels.
Did you all see that?
Yeah.
It's crazy to think that these companies can just introduce,
not even introduce, copy.
They just copy, right? Meta does a good job of copying, just like they did Snapchat stories and now they've
got Instagram reels. But you just kind of copy something that's working and they figure out
how to monetize it. I mean, Mark, he's just an incredible businessman in that regard.
And I completely agree with you when it comes to Amazon and sort of their AI strategy. I guess my
follow-up question here for you, you mentioned a lot of stuff and I don't mean
to put you on the spot, but I would love to get more perspective as to, you know, you
mentioned Amazon's one of your biggest holdings in your position or one of your largest holdings
in your portfolio.
Does that mean it's a three, five, 7% position?
Does that mean it's a 3%, 5%, 7% position? Does that mean it's 20%? How do you
structure your portfolio when you're bullish on a specific secular growth trend or a specific
name? I think that'd be really helpful for some retail investors listening right now
who are trying to figure out how to structure their own portfolios.
Sure. So full disclosure, I'm sitting somewhere at about 60% cash right now.
So I have a lot of cash I want to deploy and i will be deploying it um and my my trading strategy is what i'm doing i'm constantly
taking profits on the way up so like onds i own it down at 954 and i sold i've been you know i've
sold a bunch in the last couple weeks up higher i don't remember the exact number something i can
tell you where did i do with onds here onds uh trimmed at 12 15 took a
lot more off at 14 23 went down to a quarter position now that i'm holding here and looking
to buy back if it gets to 10 area which it almost hit yesterday uh amazon from my current position
represents about a 14 stake so i'm very heavy into Amazon right now. Just to put that in perspective, CRM is about 8%.
Ford is about 7%. The SPY and the Qs combined are up about 60%.
Got it.
So the other stuff is a little more speculative, but I'm heavily into the indexes right now.
I completely agree with you when it comes to index allocation at the moment.
And if you asked me this six months ago or nine months ago, I would have said a different answer.
I believe that a lot of the easy money that came in 23, 24, and we saw in 25 with the Robinhoods, the Palantirs,
in 23 24 and we saw in 25 with the robin hoods the palantir's the insert high flying high beta
momentum not meme stock but social media stock right a lot of people talk about these things on
x all of those names that had peaked in early october to mid-november which again they all
have they've all been putting in these higher lows right right? And as you look back and you think about, you know, called the dot-com bubble,
the COVID-induced bubble we experienced
that topped in 2021,
a lot of these high-flying names,
Zoom's a great example,
ARKK is a great example,
Roku's a great example,
all these names that were very sexy
and fun during COVID,
they put in those highs
eight to 12 months before the indices
eventually put in those highs. Same 12 months before the indices eventually put in those those highs
same thing happened with pets.com back in you know the dot-com bubble and all these other
different names i wasn't around for that maybe you were and you can attest to this but a lot of
these names fell by 40 60 80 percent before the indices started to roll over I have a hunch that we are experiencing.
You go look at IonQ, you go look at Robin Hood right now, you go look at any of these
sexy fun names that people loved and had at the top of their portfolios.
They are down 20, 30, 40, 50% right now.
While the NASDAQ, while the S&P, while the Russell 2000, these indices continue to make
these new all-time highs.
And so I firmly believe that
while those names put in those lower highs, it's better to be in the indices right now
than to try and roll the dice and try and find these one-off high beta momentum names that
worked last year but aren't working now. You have two things that are really supporting
the indices. One is you have the passive investing that's constantly coming in, right?
All that passive money from 401ks and retirement plans and everything just constantly coming into the market more than ever.
Secondly, by being stupid, the SPI, the S&P 500, they've allowed the Mag7 to take 34% of control
of the S&P 500, which is a ridiculous number. So when they're putting, you know, a day like today,
when the market's moving up and you look at what's moving
and market breadth is flat,
you've got Microsoft and Amazon having big days, right?
Apple having another nice day.
NVIDIA, they're just lifting these indexes.
So when these names hold up like this, they lift it.
HUD, by the way, one of my members want to short.
I'm like, I wouldn't touch HUD.
I mean, I'm just leaving it alone here.
It's got a big head and shoulders pattern on the daily. Maybe it breaks down, maybe it doesn't, but it's just whipping around and it's, it's consolidating. And to me, there's just no reason to touch it right now. Just leave it alone.
easier to and don't be wrong i own robin hood i've been buying robin hood since we had chris
camillo on the podcast oh man a year year and a half ago um i'm in it around 60 70 80 bucks i'll
likely you know get back to that 60 70 80 buck range if it's not already there i know it was up
to something uh pretty high lately let me see here yeah 106 right now yeah 105 maybe we do see 80
again we probably will, right?
But at the end of the day, it's like those are the types of names where if you have deep conviction, keep buying and dollar cost averaging.
I have deep conviction that Robinhood will do well over long term.
However, it's not one of those fun little high fly names anymore.
They've consistently put in lower highs, as has Palantir and some of these other ones, right? So I appreciate the breakdown, man. I want to flip the microphone to Chris to talk a
little bit more about this $128,000 position in Amazon. I know that you bought some because of
Nancy Pelosi. At least that's what your tweet said. He said, if Nancy's in, so am I. I'm right
there with you. I think that's a great reason for anyone to buy Amazon, let alone the things we just talked about. But my main question
for you is when it comes to getting really deep, assuming I don't know how big your portfolio is,
but any six-figure position in a single stock of exposure, in my opinion, is deep. When it comes
to getting deep into a position like this, how do you think about
structuring the strike price, the expiration date, these very specific but also very important
mechanisms that allow options traders to profit tremendously? How did you come up with this
specific position? All right. So first, I think it's 128 in my tradable account, but in my Roth,
I have way more just being completely transparent. I've always been bullish on Amazon. I do think
that sometimes you have to work backwards. What tends to happen with the market is that they
have these periods of lulls where things go underappreciated.
And one of the things is Amazon right now has a bunch of catalysts that are coming forward
this year. I think one of the reasons why Nancy Pelosi and some of these people that they might
have bought into the position is primarily because they see some breakouts on the way.
Now, Nancy, what she tends to do is they buy really deep in the money call so that this way
they're sort of like getting the upside without nearly as much of the downside. Now, for me,
a lot of people, when I started buying my position, I bought by $250 calls for January of
2028. So she bought safety, I bought duration, right? So one of the things that I wanted to do
was just take on more time
and give the company the ability
to get to where it needs to go
in the matter of two years,
as opposed to her,
which is she was about one year out.
So she's doing a one-year leap.
I'm doing a two-year leap.
Now, one of the things about me, though,
compared to her,
is that I like to structure
a lot of my trades as spreads.
What I typically do is leg into a position
and then sell something at the,
sell a higher strike
and basically recoup most of my initial investment.
So while the position size looks sort of big,
what I tend to do is I wait about,
you know, wait some time,
wait until that catalyzing moment comes
where the stock absolutely starts running. And once it starts to get overbought, I usually sell my target short call.
And at that point now, I'm pretty much collecting the difference between what the current price of
that short call is and what the future price of that short call is going to be. And I de-risked
the position significantly. And what I'm able to do essentially is take that $128,000, let's say
I'm able to get $70,000 for the, probably not $70,000, let's say probably $80,000 for a $300
strike position where I can sell it for January of 2028. Now I've basically reduced my cost basis
significantly. While at the same time, now,
even if let's say Amazon starts to kind of trade flat and gets around to that, let's say $300 level
and just levels off a little bit and starts to move down, as fundamentals start catching up,
that $300 target looks more and more attractive. But at the same time, that short call is slowly decaying that theta down, right?
Whereas once you get past that $250 strike for the long call, you're essentially just chilling on intrinsic value.
Yes, you'll have theta decay on both of the legs.
But at the same time, if the stock is at $300, now all of a sudden, you're basically just waiting for the decay on both of them.
Now, of course, let's say if you want to, you can always close out the position.
You can buy back the short call and close out the long call if you really just want to get out of the market, whatever.
But it gives you a lot of optionality.
Now, there are a couple of caveats that anyone who wants to do an option strategy like this should be very weary of. Be careful of companies that are very low volume because you will get killed on the bid and ask
spread and you'll get killed on the bid and ask for both of the legs. So you typically don't want
to do something like this in a company that's really small because when you buy, you're going
to buy a terrible price. And then when you sell the short call, you're going to sell at a terrible price.
And the strategy may not work well.
Amazon, on the other hand, it's one of the largest companies on the planet right now.
It's the options ladder is super liquid, even if you go all the way far out to January of
2028 or even further, because right now the options for Amazon go all the way to December 2028. So that liquidity is going to keep those bid and ask prices somewhat narrow
so that this way your entry and exit can actually be pretty, what's the word? Pretty easy, right?
You don't want to be in a position where you buy a long call and then the option spread is so large that even if the stock goes up, just to close out the position, it's
going to cost you a significant amount of money. So that's typically what I do with companies like
this. Broken angel stocks are another perfect area where one of the things is a lot of people
don't realize, but when you're investing in option, well, not investing, but when you're buying options,
options are not priced based on the value of the stock itself.
That is a component, but it's not the only thing.
Remember, it's all about volatility.
The higher the volatility, the more the option price is probably going to be, whether you're on the long side or the put side.
So by playing on that, you can actually take advantage of these massive
drawdowns where companies right now, like if you look at UnitedHealthcare, UnitedHealthcare is
having a really bad day. If you look at its options prices for, let's say a $300 strike,
which it wasn't that far off from, it's collapsed almost 40, 50%. Now the $350 call against that
long-term has also collapsed 50%. But remember the short
call that you just, I mean, the near-term call is dropping significantly more on a nominal basis.
Now the benefit is, let's say UnitedHealth next couple of quarters has a really good year,
whatever, or gives a better guidance. This runs up to let say, 325. You can sell the 350 against it. And by that time,
hopefully there hasn't been nearly as much thicker decay. And now you could just kind of ride out the
wave and chill, basically. And so by basically legging into a position like that, you lower down
your wrist significantly and you're letting your profit from your original long leg do most of the work for you right that's cool yeah thanks man i appreciate that breakdown
um would love to just get your quick take on how you're positioned uh at the moment if you
obviously uh amazon is is something you're excited about Is there any other maybe big ETFs or commodities or single stocks that have caught your eye and why?
Believe it or not, I'm doing more fixed income these days.
Just sticking with...
All right, so I don't want to give away...
Well, I'll screw it.
I'll just say it.
One of the things that I'm doing is...
I don't know if anyone here has heard of the PIMCO Dynamic Income Fund. So I have a pretty sizable position in that right now.
PDI, it gives about 14.6% dividend yield right now. The distribution is not nearly as covered.
They use a little bit of leverage in order to juice up their returns, but they invest primarily in mortgage-backed securities from 08 and before, and they use that to leverage to buy usually high-yield corporates.
But the thing is, they've layered it really well in that the amount of duration that they have
gets a positive return at something called the belly of the curve.
So what tends to happen is when you have a scenario that we're going through right now where short-term rates are starting to come down primarily because the Fed cutting and everything,
and long-term rates are staying elevated, you get the steepening of the yield curve.
And companies like this, they tend to benefit because what they're essentially doing is
they're borrowing short and they're lending long. And so when you have that, you get better and
better coverage on your distribution that they typically give out. If you're a retail investor,
please understand that there are tax implications for this. There's something called ROC that you
have to keep in mind. The best place to usually hold these things is in usually a retirement account, but I would lean more
towards fixed income with the current way that the equity market is. So my strategy is half
fixed income, half in a high beta, not high beta, but basically the blue chip versions of the S&P
500, which is our mag sevens. And that. And that's about it. And I do have strategic
tactical plays when I do see names that get really oversold, but the fundamentals of the
company are moving in the other direction. So right now I'm looking at United Healthcare. I'm
looking at Elevance. I'm waiting for some signs of consolidation. And then after that, I can
probably buy into it and wait for some mean reversions. Mean reversion is a, and everyone here should look up mean reversion, mean reversion is one
of the most powerful tools in the market. There are great companies that sometimes get sold off
undiscriminately and they tend to revert to the mean eventually. That's not to say that it's a
v-shaped recovery where they end up right back where they were before. But to a certain degree, they're able to capture their position back once fundamentals start
improving.
So, yeah.
I completely agree on the mean reversion stuff.
That is super important, man.
Thanks so much for chiming in and talking about your own portfolio and your positions.
I think it's awesome to have radical transparency.
And you did a really good job sharing that, man. I would love to pass the microphone over to Cliff.
What's up, Cliff? I hope you're doing well, my friend. You're obviously in the weeds of it all.
I know you're doing stuff with not just your money, but you guys are, I think you still work
over, yeah, you're still at Bonafide Wealth, at least according to your bio. So what are you guys
thinking about right now as it relates to the markets, specifically macro?
How are you kind of readjusting maybe the portfolios of those people that you guys manage money for?
Hey, guys.
What's going on?
Austin, it's good to hang out with you for a little bit today.
Still at Bonafide Wealth, yeah.
Quick intro.
I'm a certified financial planner.
I work at a boutique, RIA.
What's going on guys um
awesome you know i think that kim really had a great saying before um which was she was she
was covering the topic of patience because like man you know we're there's there's a lot of talk
about silver right now precious metals and stuff so kind of floundered around for like over a decade
you know like relative to his performance this year it's just like coiled up there it's so
interesting to me and i think that like i mean you guys know me i'm pretty boring or at least
austin does austin knows that i'm gonna give my boring old spiel but like pushing back on 2025
like you look back at that and you like, there's two things.
One, diversification.
Two, just like Kim said,
which I absolutely love, patience.
Where was international for the last 10 years?
I don't know.
But it was there when we kind of needed it, right?
During that tariff tantrum.
International, untouched, looked pretty decent.
EM, looks pretty decent.
That idea of diversification, that idea of patience,
building risk-adjusted portfolios,
which is kind of our mantra,
obviously being in wealth management, things like that.
If there's a piece of your portfolio
that you're unhappy with,
yeah, that probably means that you're diversified.
If you're stoked about every piece of your portfolio
and everything's performing well all at the same time,
it's probably less diversified than you really think it is, right?
Yeah, no, totally agree.
But I think that – no, no, you're good.
It's just really interesting to see this play out, like what Kim said, watching silver go parabolic.
There's been people who have been holding that asset class for a decade with muted returns relative to your equities portfolios, anything like that.
Silver bugs. You know how much patience it takes to see that parabolic return?
patience it takes to see that parabolic return. Like, like it could have been years and years and
years of building up that conviction in something. And I think that's like for us, because we're less
on a trading side of things. I know you guys are all in here trading, which is awesome.
You guys are all crushing it. But when we think of longer, longer time horizons, retirement and
stuff like that, building long-term conviction.
And I think 25 and even this first month of 26, a great example of that.
Yeah, I couldn't agree more.
I'm curious, do you guys have any thoughts on the small cap stuff going on right now?
I think we're seeing this rotation out of S&P and people are looking more international.
Certainly they did last year, and I think that's going to continue this year. And then
as we think about the Fed cutting interest rates and more liquidity in the markets, I think that
small caps are poised to benefit tremendously. And we're seeing, you know, the Russell 2000
breakout and things like that. Any take on small caps? Yeah, it's a great question. It's part of,
you know, a risk-adjusted portfolio.
Small and mids really kind of lagged relative to other domestic, like large U.S. domestic last year.
And I think that that's interesting, right? Because I think that, like you said, Austin,
there could potentially be tailwinds for small caps here or mid caps, which really comes down to our whole idea of when we're consistently building
diversified positions, we're going to get a piece or we're hopefully going to get a piece of action.
Right. And that's what we want. We don't need to be all or nothing in which sector,
which asset class we believe is going to be hot. And it kind of removes that whole idea of not
necessarily guesswork.
I know you guys are very well-educated traders and stuff,
but there's a lot to pay attention to when you're managing money
at a firm level and things like that.
So I think that definitely that's an asset class
that really kind of lagged everything else last year.
And it's going to be interesting to see how that plays out throughout 26.
Amazing.
And speaking of small caps, I want to bring Garrett back into this conversation.
You guys introduced IWMI, I'd say probably about two years ago now.
And you also just celebrated the one-year anniversary with IYRI.
So I want to get your perspective as we think about small caps, of course,
earnings expectations, you know, they're expected to outperform large cap companies this year.
But then also you think about what's going on with mortgage interest rates are down from 7%
to call it 5.8 in the last 12 months. Trump's trying to do the 401k down payment stuff. We're
trying to do some mortgage bond repurchasing, right?
There's a lot of like tailwinds going on right now with real estate.
So what's your perspective on small caps specifically, you know,
explain maybe what IWMI is and then same deal with, with, you know,
the real estate game with IYRI.
Yeah, sure. I think just looking at small caps to start, I mean, I don't know how many
people have looked, but since kind of the lows in April to probably around yesterday, just small
caps in general are up over 50%, right? So you've seen a nice rally and comeback in small caps as a
whole. I mean, right, it's certainly the play on reduced interest rates just because those small
cap companies are not as large. They get less favorable lending terms, you know, and they don't
tend to go to the major banks, you know, to get the lowest rates or just have so much cash on
their balance sheets that they self-fund things. So, you know, to obviously see a bid in these
coinciding with the reduction of interest rates, you know, is certainly, you know, no surprise.
For us, the way we look at things,
of course, is adding an option overlay to it. So how do you take small caps and produce a income opportunity for investors? So whether you want to lower the volatility and not take on the
full risk associated with just being long the Russell 2000, or you're really looking for that
part of your portfolio to also be income producing.
What we're essentially doing is we're long the Russell 2000, and then we trade RUT index options, which are Russell 2000 linked index options. And for people who aren't as familiar,
the index options and why we trade them, they're cash settled, so you can't be called away early.
so you can't be called away early. They also get a 1256 tax treatment, which ultimately means that
60% of gains are taxed at long-term capital gains rates and then 40% at short-term. So there's a
tax efficiency to it. And so we're really laddering short cover calls against being along the
underlying index to produce really what is a highincome version of owning the Russell 2000 exposure.
And to do that, you're harvesting the volatility that the Russell 2000 is producing really on a
day-to-day basis. So leveraging the volatility to create current income. And ultimately,
what's the trade-off for that is you sell away some of that upside, that tail upside risk
that you'd ultimately be if you were just long only.
And in return, you're getting a lower volatility and kind of a current income profile.
IWMI right now is distributing roughly in that kind of 13% to 15% per year with exposure to the Russell 2000.
I think on kind of a continuation, as Austin was asking, on real estate. Again, very much a beneficiary of lower interest rates.
We've definitely seen a nice reduction in mortgage rates.
I think inventory and supply is still a bit more challenging.
And I think as aggressive as the administration on throwing things out there from fighting on a geopolitical standpoint, they're also trying to throw things out there for the average American.
standpoint, they're also trying to throw things out there for the average American. And so, right,
the aggressiveness of reducing interest rates to reduce credit card debt, housing costs,
obviously Trump and his group is really trying to free up, I think, more of that, I'd say,
locked real estate, which is ultimately people don't want to roll from
one house to the next when they're in a 2.75 to 3% mortgage. And I think that's where he's trying
to get to, which is of course going to be an incredibly challenging spot and likely never
going to get there because interest rates don't need to go to zero. As options Mike was talking
about, we're probably pretty well priced where we are. The economy's growing, there's jobs,
there's opportunities out there. And frankly, if you lower interest rates too much, you got nothing to back
you up when something hits the fan. So ultimately for us, IYRI is really meant to give investors
exposure to the US REIT market. So we track an index that we license from the S&P Dow Jones group,
which is really giving you exposure to
roughly 60 U.S. REITs across all industries and sectors. So no real sector bets or industry bets.
The idea is diversification of U.S. real estate. And then again, we're trading actually what is
a flex option, a little different than an index option, but some similarities
on IYR, which is the ETF that is just long that same index. So
we're having that same overall exposure. And the idea is let's harvest the volatility of real
estate to try to generate current income, lower volatility. And that ETF is really yielding kind
of in like the 10 to 12% per year range, being able to leverage, obviously, that volatility on U.S. REITs.
Dude, I could not be more jazzed about IYRI's potential and IWMI, but I really think this
real estate stuff is going to turn around in 2026. And it's really been cool to see how a lot of
these REITs that are exposed to the AI data center stuff, like they've really had a great run.
And so I think a lot of this lower interest rate, everything that the administration's doing to
kind of bring that down is really going to help reinvigorate the real estate side of the equation,
that commercial real estate. So I'm pumped, man. I think you guys are positioned accordingly. And
I think it's really cool that you guys have created such an awesome suite of ETFs that
no matter what you believe, if it is in gold or if it's in some Bitcoin or maybe it's REITs or maybe it's just the S&P or
small caps with the Russell 2000, all of that can be aided with some tax-efficient
monthly income through NEOs funds. So 10 out of 10 for you guys. Really excited.
Amazing. All right. Well, that is the hour that we have allotted here as it relates uh to our our
twitter space x space whatever people are calling these these days jordan thank you so much my
friend always a pleasure austin always a pleasure my man these are always great conversations i know
the audience loves it we love it so love having you guys on. And I
know we'll be doing another one very, very soon. So excited for that. Make sure you guys stay tuned
for these Neos conversations. We do have, we do them about every other week or so, usually on this
Tuesday, 12 p.m. slot. So stay tuned for the next one. We'll be back soon. I am going to get wrapping
up for to hop on the stream now.
But a beautiful conversation.
I really appreciate all the panelists that came up as well.
Shout out to everybody that joined us on the conversation.
And we will be back on Spaces bright and early tomorrow for a great Wednesday.
We'll have our Yield Max conversation as well.
So we'll see everybody back on Spaces then. For everybody else, we'll be hopping on the YouTube stream.
And we got a nice brand new thumbnail over there, too.
That looks really, really sexy.
So you guys should go click on that and join us on the stream.
We'll see you guys there. Thank you.
