GOT IT, I'M OUT
Added 2024-05-16 03:59:02 +0000 UTCOptionStrat link: https://optionstrat.com/themaverickofwallstreet
Market Recap:
0:00 Intro
1:05 Macro Brief: CPI , Retail Sales, Empire State, Homebuilders
3:40 Viewers Comments: Is The Bearish Thesis Dead?
17:30 Viewers Comments: Do This Not That
33:37 Charts: Breakout
38:00 Discord Trades: SHOP, NTR, VLO, NUE, COIN, TLT, GLD, WMT
45:45 Outlook & Outro
Outro Music: Take Me to Heaven - Coma Svensson
Comments
Hey Mav (and everybody), on the 'options note' another important point to remember: the farther out of the money the strike is the less it will appreciate in value with changes to the underlying instrument. Example: IF you own a .50 Delta Call on XYZ stock for every one point move up/down it's value increases/decreases 50%. A 1.00 delta Call/Put moves one point (just like the stock) with lots of intrinsic value. A .10 Delta Call will increase in value very little. ITM Calls are called "poor man's stock". As a Call/Put goes deeper into the money the theta (extrinsic value) will decrease and the intrinsic value will increase. This does NOT mean you should always trade in the money (ITM) options. I hope that is helpful. There are LOTS of other issues, like "slippping down the SKEW" where if out of the money volatility is higher a Call/Put will loose value as it gets closer to being 'at the money'. I know Maverick also discussed Gamma and how it effects the rate of change of the delta of an option. There is lots more that I can share that will help you evaluate the volatility, pricing, and selection of strike prices IF people are interested and ask for it. Have a great trading session everyone. - Yossef
YosefYitzhak
2024-05-17 12:54:11 +0000 UTCAs an aside, I would love to see a video or the link to a YouTube tutorial about using optionStrat. I don't really know what I'm doing with it. And I get turned around with the Greeks as well. It's been an expensive apprenticeship so far. But same as @small, I'm learning.
MPH
2024-05-17 01:50:48 +0000 UTCYes Maverick, you were pretty negative in 2022 and 2023 but you promised to focus more on the journey rather than the destination, meaning more on the mechanics and technicals and less on the fundamentals and macro, and I think it has improved something that was already awesome. Thank you! But never give up "in focus tonight" 👍
MPH
2024-05-17 01:47:35 +0000 UTCThank u, that was great
Chris
2024-05-16 16:02:14 +0000 UTCHi Mav - should we be able to see your options positions or strategy using the OptionStrat link?
John El-Khouri
2024-05-16 15:09:33 +0000 UTCI am here for the macro / market commentary and less so for day trading info. I am a long term guy and don’t have the time for day trading. While it is interesting, I would hate to see a swing away from market commentary
zack
2024-05-16 14:58:05 +0000 UTCI think that the orange man will return to office, and he will cut Powell, if Powell does not start the money printer again and cut rates to zero. The market knows this, and hence hyperinflation will come and in hyperinflation it is better to own companies that to own money. TINA.
Søren Smidstrup
2024-05-16 14:49:37 +0000 UTCI really like everything AS IS.
nbcode
2024-05-16 14:24:47 +0000 UTCI like that you're doing something a little different. I enjoyed the trade reviews and trade discussion. Please take care of your health, mav. Your commentary is always appreciated.
David D
2024-05-16 14:12:53 +0000 UTCI agree with this. I like to hear the honest Macro picture as well. Please also spend time on the charts - the support and resistance. You are very on point and it helps.
Atul Bhikha
2024-05-16 13:55:32 +0000 UTCThank you Maverick and please don’t change your style love love love the macro stories and your thoughts on the Fed and all that jazz I personally can listen to you for hours it makes so much good bedtime stories :) that makes YOU the best at what you do and your show exquisite to educate the Public
MSandra
2024-05-16 12:25:35 +0000 UTC
