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FINALLY! WE ARE BACK TO GREEN ON THE YEAR! LET'S TALK ABOUT THE JOURNEY

TJ The Wheel Deal · 1h 12m · transcribed 2h ago
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Section Insights

# 0:00

Year-to-Date Profit and Loss Update

What is the current status of the year-to-date profit and loss?

The year-to-date profit and loss has finally flipped to green after a challenging period, particularly due to missteps with PayPal, Google, and Apple. The speaker emphasizes the importance of perseverance in the face of market challenges.

  • The year-to-date profit has turned positive.
  • Past missteps with major companies impacted performance.
  • Market fluctuations are a normal part of investing.
# 14:33

Capital Appreciation and Options Strategy

How is the current options strategy impacting capital appreciation?

The speaker discusses a strategy of lowering positions to bring in more premiums, leading to significant collective gains. They express a desire to realize capital appreciation on Nphase and highlight the importance of negotiating from a position of strength.

  • Lowering positions can increase premium income.
  • Collective gains have reached $282,000.
  • Maintaining cash reserves allows for better market negotiation.
# 29:07

Market Observations and Investment Decisions

What are the current observations regarding Micron and potential investment actions?

The speaker expresses confusion over Micron's performance despite positive premarket activity. They consider whether to add more shares at a discount due to current price levels and emphasize the interactive nature of their investment academy.

  • Micron's performance is under scrutiny despite initial optimism.
  • Current price levels may present a buying opportunity.
  • The investment academy encourages interactive decision-making.
# 43:40

Account Management and Strategy Overview

How are different accounts managed and what strategies are being employed?

The speaker outlines the management of various accounts, including a focus on balanced strategies and the handling of underperforming assets. They discuss specific share holdings and the approach to selling and buying shares based on market conditions.

  • Different accounts are managed with similar strategies.
  • Balancing portfolios is crucial for long-term success.
  • Underperforming assets are still held with a strategy for potential recovery.
# 58:14

Technical Analysis and Trading Strategy

What technical analysis is being conducted and how does it influence trading decisions?

The speaker engages in technical analysis to identify supply and demand zones, indicating potential entry points for trades. They emphasize a methodical approach to trading and the importance of patience in executing strategies.

  • Technical analysis helps identify trading opportunities.
  • A methodical approach can lead to successful trades.
  • Patience is key in executing trading strategies effectively.

Transcript

0:02 DJ the Wheel Joe coming at you live. It is Thursday, August the 27th, Friday, Junior. Let's get into it today, man. Let's get into it. First things first, because I don't know if it'll hold up, right? So, let me let me do it right now. That way, it's official. We're officially green to date. profit loss year to date has finally flipped green, guys. Finally flipped green. Took us a while. Took us a while because we had some huge missteps, right? We had some huge missteps along the way with with PayPal specifically this year and then towards the end of last year, Google and Apple. So, it's been a it's been an absolute grind getting back to this point. it tests your metal a little bit when you get into these situations.

0:53 is that it definitely will test your metal. But we stuck with it. We persevered and we're on the climb back. That doesn't mean it's going to hold. We could flip back to being negative for the year and all that stuff. And that's part of the game. That's part of the game. We could have a 50% draw down from here. That's, you know, it's what we signed up for. You know, it's what it's what we signed up for.

1:17 >> We could that's, you know, >> so it's not it's not showing up on y'all's side. So bear with me. Let me maybe if I present. Maybe if I present that's what it takes to do it. so let's see if I do that. See if that works out. So it's still holding up. Barely barely holding up. So it's probably not going to it's probably not going to hold up for the for the for the whole day. Who knows, right? Who knows? But the bottom line is we got there. The bottom line is we got there. So I know it's just a matter of time before before we're not just green, we're deep green. We're deep green. So anyway, that's what I wanted to talk to you'all about today is depends on where you're at in the journey, you're going to deal with this kind of stuff. You're going to you're going to have a bunch of highs, you're going to have a bunch of lows. And it's real important to just kind of stay the course, right? You don't want to get too high. You don't want to get too low because you want to save that energy for when you need it most.

2:28 Bear with me. Somebody is trying to get a quote. What? I get so many spam calls. It's like so annoying, guys. It's absolutely so annoying. Anyway, what's going on? Damu, what's going on, Manish Larmmo? Appreciate you guys. Appreciate you guys. And again, it might not hold, but at least we got there. We got there. And then the next climb is like, let's hold 15, then 16, 17. The goal is 20 by the end of the year. Truthfully, the goal is 25, but I'd be pretty happy with 20.

3:04 We're a year late. I really thought that. I really thought that we were going to get there last year, but you know, it happens whenever it's supposed to happen at the end of the day. So anyway, let's get going with it. I think I've got I think I've got what do you call it? I thought I had I thought I had what do you call it?

3:38 Cued up, but I guess not. Let me see if I can find my downloads here. Got a nice little spreadsheet here thing that Yeah, that was that was queued up, wasn't it? Okay. Yeah. So, we got here the book at the bell. The book at the bell. So, what's going on with the book at the bell? We are up, you know, approaching 15 million in net lick. We got $3 million in cash. so, not bad, you know, not bad. That part, that part's all good. The long book is now worth 25 million at the market. The premium bank holds 13 million still to capture. We're dripping about $52,000 per day. I had one trade this morning, two trades this morning actually. I bought an additional 2500 shares of Inphase before I forget.

4:28 And I doubled the back the premium cash grab on Robin Hood. So now we're running at 500 contracts on Robin Hood I think February of next year and at $75 strike price. So I know that the ceiling if every contract runs off with the prices exactly here 28,000. So if the shares stay exactly where they're at, we're at 28 million when it's all said and done. It's not bad. So we're green on the year comeback is complete. I feel like we're just getting started though. As of this morning, we were green on the year. Profit last year to date is positive 130,000. Obviously, it's going to fluctuate because we're live. Net liquidity is just 15 million.

5:09 Fresh high up 730 on the day. Rewind two months on June 24th. This account bottomed at 6.92 million. Cut nearly in half from its peak, bleeding out while running pure naked strangles. Premium both sides with no shares underneath to cash it. That didn't work. At the end of the day, it just didn't work. A lot of it was just simp simply due to sizing. I was just sized way too aggressively. But we are up you know 112% in about two months. So the year-to- date whole down nearly 2 million at its worst is erased. We're actually down like six seven million at its worst. the method is proven in the only place that counts the balance itself. Why it worked the coverage strangle with the ladder on top. Here's the whole lesson in one structure guys. The draw down happened on naked strangles. No shares underneath nothing to catch the fall.

6:08 so on meltups we got our ass kicked because the puts worked out. It was the the the naked calls were the ones that actually got us, you know, got our ass kicked there. The fix that we made the strangle covered. Own the shares first. That's the catch. Then sell puts below the below and calls above against that ownership. Then to sprinkle a call ladder on top. Stack short calls at rising strikes MSTR. For instance, right now we're at 185, 225, 250, 300. End phase is 4550 5560. Larry extra premium while leaving room for the shares to run up through the rungs.

6:44 And it's also now a nice little protection to the downside. So we're still going to experience draw down when you own this much these many shares. Guys, you're you signing up for a lot of draw down. Just like you're signing up for meltup, you're signing up for draw down. That's just the reality of it. the covered part is the risk fix. The strangle is the income engine. The ladder is the amplifier. Every dollar of premium drives the basis towards zero.

7:11 do that on companies you actually want to own and you end up owning great businesses for free. That's how you manufacture the win. The program in plain language, three sentences, micron went green on the year today. it's actually happened. This is old. This happened a while now where we're down 2 million. The manufacturer of the win on one name of conviction stock and fall by half and the data engine repairs while we wait for the thesis to play out.

7:36 Micro strategy BMR is still red. This is this is old, right? So, what I'm going to do is I'm going to get with Claude here in a little bit and be like, "Hey, give me some updated stuff. This stuff is still old." And then we'll just focus on the portfolio. We're just going to go through this real quickly. so this is all old stuff. So, I'm going to have it give us new stuff. yeah, this is all older stuff.

8:05 That part's accurate, though. That part's accurate. the the notional and stuff. So anyway, this is good. I think I'll spend more time though before I do this to make sure that I like the information it's given us to make sure it's totally updated. The ladders are updated. That part's good. Yeah, everything's accurate here. So, that part's real good. SpaceX is all updated. No, this is not updated. Actually, this is not updated.

8:38 Okay, let me go let me go reprimand cla a little bit real quickly. Bear with me. So, I've already got this queued up so we can go back to the to the portfolio. So, that part's good. That part's nice and queued up. So, let me go talk with the Claude real quickly. Bear with me, guys. Let me go talk with Claude and tell her, "Hey, I need some updated stuff." Yo, please update the deck.

9:16 A lot of the info is still and some of the ladders are wrong. For instance, basics. Okay, so I'll let it do its thing. see if it can give me something a little bit more accurate. anyway, so in the meantime, we're going to go and we're going to focus on the actual portfolio. We'll put this one on here real quickly and then we'll go to the website where I can zoom in. But the one metric that I really want to look at here is his buying power usage, 59%. It's right here. And then I need help. I need help. Maybe Manish, if you could help me nerd out real quick because I was watching Dr. Jim live yesterday. Options Uncap. Shout out to Dr. Jim from Tasty Live. He now has a channel called Options Uncap. He goes live twice a day and he's able to show net lick on his. So, I think that what he does is he has a filter right here somehow where where the account number shows, but it's in the back. It's like blurred out somehow. So, it's able to show the net lick. I would like to be able to do that. I've already had a conversation with Claude about it earlier today. And it said that there's some sort of a filter that I can download and I can put that little fuzzy action right there where the account number would be and we would be able to show the net lick while we're live, which helps me. By the way, this isn't for you guys. It's for me just so I can keep up with that metric.

10:54 right now just looking at where we're at on the profit and loss here today. I can tell you the Netflix probably like 151. But I want to be able to to do that. So I'm going to go back to the COD conversation that I had while I was working out this morning. So where's the history of the It was at 5:15 this morning. No.

11:28 Yeah. So, it was called OBS. It said that you could get OBS and we'll add the Tasty Trade screen as a browser source or something like that. I don't know, man. If you can nerd out with that, that would be awesome. I just feel like if I try to do it, I'm just gonna get real pissed off. I'm just gonna get real angry because it ain't going to work out. It ain't going to work out for me.

11:52 So, just going to look at these real quickly and then we'll shoot over to the other side where we can zoom in SP end phase. You guys will see right there that we now have 42,500 shares. So, I bought I bought those shares and we go to the activity tab here and it's right here. So, we sold more puts on Hood 500 of or 250 of them and we brought in some pretty good money and about 90 grand or yeah, about 90 grand or so.

12:19 And then we bought $95,000 worth of No, we bought we brought in more than that it seems, right? About 115 or so, something like that. 120. And then we we spent $95,000 on Nphase. So the reason I'm spending more money on end is because I'm just trying to convince myself that there's going to be a potential meltup on end. It's going to catch a little bit of a bid and I don't want to get caught freaking out. I don't be like, "Oh my god, I gotta scramble again." A cover call pretty give it back. I gotta go on there yet again and get my ass kicked live and in color because that's the part that sucks about being fully transparent. Y'all see every freaking mistake that I make, right? I don't want to do that. I want to practice covering, delivering, buying again, etc. So, I'm just like, I got to accumulate 35,000 shares so that this runs covered because what do they get covered at the same time? What what are they both going to money immediately?

13:20 Obviously, I got enough extrinsic value. We know all that stuff. We don't have to we don't have to act like panicans and act like newbies like we don't know what's going on. But, but but but but I want to practice that methodology to see how it feels with the stock that I'm least emotionally attached to out of all of them, which is Nphase. Zero emotional attachment to it, man. This is just a business transaction. It's just a manual item that's supposed to ring the cash register. That's it. I believe in the manual item, but if whether in phase is in the portfolio or it's not in the portfolio, I'm pretty indifferent. So, this is the perfect stock to try this strategy with. So the idea is deliver the shares preferably the new shares LIFO right at 45, buy them back and deliver them at 50, buy them back, deliver them at 55, buy them back, deliver them at 60 and call life good and call life good and keep keep the party going. Keep the party going.

14:26 There's not a whole lot of taxes to pay even if we don't do LIFO because we own the shares at 30 at at at 40 bucks. So, this is $5 of capital appreciation. We had the baked in losses from PayPal and stuff. So, we don't have tax implications to worry about or any of that stuff. So, we don't have to give back this premium. And we were comfortable, right? So, we're sitting at 50 55 60 65.

14:50 But I lowered everything down to bring in more premiums because we were already sitting at 70 80% on everything. And you guys will see that over here is why we're up $282,000 collectively because we just been making money. We just been making money doing that stuff. do doing the options on Nphase. It's really been working out. But now I'm like I like to get some capital appreciation on NPhphase and I want to realize those monies. And here you're gonna see the cash is real. We're at three million. So we've raised a shitload of cash over the last week or so. So now I feel like we're really negotiating with Mr. Market from a position of strength. Micron was doing extremely well premarket. I think this thing was up like 980 bucks or something like that premarket. I was like, "Dude, this is going to be great." I look up.

15:42 Not holding up. The moves not holding up. not sure why I am not following the market that closely this morning. I woke up really early, grabbed a workout, then I took a nap, and now I'm like having a hard time waking up again. not sure what's going on with that, but we're still okay. You know, we're still okay. We got the puts at 800. Got to monitor those because we can't really afford to take ownership of all those shares at 800. That would wipe out all of our cash.

16:12 That's $80,000 a contract, right? time 40. That's 8 time 4 is what? 32. So that'd be like $3.2 million. That would take all of it. That would take all of it. That's crazy. then we got the covered calls at 1,200. So that part's good. I was actually hoping to sell 10 more calls today over here and 10 more calls over here today, but the move didn't hold up. So that kind of sucks. You know, that kind of stinks a little bit. I'm hoping that Micron turns around and and catches a bit of a bid.

16:45 SpaceX is doing extremely well. we're good. We got the 225s, 7500 shares, and then we got the ladder is massive, right? 250, 275, 300, 350 twice, and then 400. I could, you know, for my OCD purposes, I could roll this one up to 350, but that would cost me money, and I really don't want to do that. So, that's why I'm kind of letting it ride out. But that's at some point my OCD is going to get the best of me there.

17:16 or I could just like close this one out. Close this one out and then maybe roll this one down to like 330 340. I don't know. I have to figure that out because it really is going to drive me crazy at some point. MSDR is doing its thing today, man. Up half a million dollars on MSDR year to date. That's crazy, guys. Y'all saw where we were. You saw where we were. You know, I think that MSTR and Micron, they have the potential to be the biggest winners. but you know, Palanteer showed up today. So, Paler's like, "Hey, not so fast. We're not ready to relinquish this first place trophy."

17:54 Palanter's like, "Hey, the Sassop Apocalypse is not a real thing. We're a different company. We got a huge huge asmo with alligators and crocodiles and everything protecting us." So, we'll see what happens. But look at our ladder. We're chilling now, man. We're chilling. We We made some corrections and it's starting to work out for us a little bit. You know, we're we're chilling. We're chilling. We got 41,000 deltas on MSTR. We're solid.

18:27 And then we got the back stop trade that's working. So, everything's working over here. Even SoFi is working. yeah, we're up quarter million dollars on SoFi now. collectively and we're chilling because our cover call doesn't doesn't hit until 25 bucks. Palunteer is pretty solid. We got 23,000 deltas. It's not bad. Not bad. And then we don't start until 230. So, we're not in a situation. I know you see some red there. It's just it is what it is. When stocks go up pretty quickly, your covered call, your naked calls, those are going to those are going to hurt you. What's helping you? The shares and the short puts.

19:05 But we have so much breathing room before it becomes serious and then it's also again it's covered. I can't stress that enough. So it bouncer really wouldn't hurt us unless it went to like 270 overnight. And I don't think that's very like likely to happen. MCR can't really help hurt us unless it goes to like 200 overnight. And then at that point it' be like we got to scramble. We got to buy another 5 10 15,000 shares or might maybe it's time to buy 250 calls or or roll the puts up. We have a bunch of options available to us. So, we're not going to blow up our account to the upside is what I'm saying. The cash grab on Nibius, we're up 25,000 on it. On Hood, we just added to these today.

19:44 up 77,000 collectively year to date. We're up 60 on this particular position. Clean Sparks, a massive cash grab now. 5,000 contracts. We're up 104,000 on this particular trade. 174,000 for the year. BMR is needed to climb. Needed a climb. It's the It's the one that needs work, right? This would this would really complete the comeback, but we know that we're not really doing okay or doing anything substantial on BMR until she gets to like 50 bucks. And then Riot, we turned it into a massive premium cash grab yesterday. we're finally green on the year. So, things are trending, man. Things are trending.

20:29 Obviously, we're having a monster monster day today. I really would like for Micron to turn around. That's the idea. Let me get back over here on the website so we can zoom in a little bit more. but first, I want to talk to you guys to see if y'all have any questions and we'll go from there. Oh boy. And then I'm gonna tease y'all with the Wheelers Academy first session is tomorrow. Tomorrow we're gonna go live total of probably two hours, maybe four, maybe six. Hell, we might stream all day. Who knows? So, it depends. It's all going to depend on y'all. How many questions y'all have?

21:11 How many screenshots are y'all willing to share that we can analyze together as a group? it's going to be available for all the the the wheel live members and then the super OG's. So the $99 tier and above on YouTube. I'm going to go live specifically for you guys and and I'm practicing because I want to take this show on the road. I want to I want to hit four to eight cities and it's going to be a it's going to be like an all day maybe even a whole weekend of just like inundating people feeling like after they get done with that with with going to one of those sessions they'll be like man I really feel like I know how to do this now I just got to go do it at my level because we're going to you know we're obviously doing 2,000 3,000 5,000 contracts That's not realistic for a lot of people. We understand that. So, I'm going to feature starting I'm going to feature four accounts. So, it's not just going to be the big account. There's going to be a there's going to be a million-doll account. There's going to be a couple of half a million dollar accounts. And then there's going to be a little 25 $30,000 account as well. So, and then I'm going to I'm trying to find one. I think I've got one that it's got like a couple hundred thousand. So, I'm going to have something for everybody. That way you can see how all of these are all positioned pretty similarly except less contracts and less companies, right? The less money you have, the less companies that you should have. There's some of you guys that have a million dollars and got like 20 companies. I'm like, what are you doing like running an ETF?

22:47 I mean, it's absolutely crazy to me. It's absolutely crazy to me. Anyway, appreciate all you guys being here this morning, man. I know there's a lot of people that you could be anywhere. You could be anywhere. There's so many people that go live now and you guys chose to be here with me. So, I pour my heart out to you guys and give you guys the best that I got so you get the most value because I appreciate you taking time out of your lives spending it with me this morning. 100 shares equals five contracts of 20 deltas as equal hedge.

23:22 I'm not sure I understand that. Kenneth, can you elaborate a little bit? 100 shares equals Oh yes. Yes. keep in mind keep in mind something though about deltas. Deltas are stat deltas are not static guys. Deltas are dynamic. So just because and we're going to get into the weeds here in a little bit. We're going to get into the weeds a little bit, but I'm going to keep that in mind right there. I appreciate you guys. Appreciate you guys. so let's go over here. Let's go over here. Let's get a little bit bigger here.

24:00 I don't need my capital requirements. I'll lose that. Let me see if this shows up. Let me get Let me get current over here. I'm just waiting. So, I have my phone in the background to make sure that it shows up. Okay, perfect, perfect, perfect, perfect. So, again, it's like you lose everything here, right? I don't know my buying power, but I mean the buying power is not likely to fluctuate that much right now.

24:32 so let's start with Nphase. So we got the 42,500 shares of Nphase. We've got the covered calls at 450 and we're already covered 7250 shares. Is that what? Or 7,500? Whatever it is, whatever it ends up being. I can't do a math this morning. 7,500 shares. We got 7,500 shares of the $35,000 share obligation that we would potentially have to deliver on October the 16th at 50. So, we're pretty solid.

25:08 So, again, the metric that I look at on every one of these right away is the position delta. So, I look at the little triangle at first. I look at the snowman. How's the snowman doing? 53,000 across the board. So, I'm like, "Okay, cool. So, this thing goes sideways. is we're picking up 3,986 bucks out of that 53,000 on a daily. Not bad. Not bad at all. And I look at the position delta. So it's positive 13,000. So this is the equivalent of 13,526 shares to the good like unencumbered if you will. So that so we have positive deltas of $13,000.

25:46 So, if I open this up, these guys are taking up 13,000 deltas. And you look at them and you see 7,000 negative 7,000 deltas on the 45s. And then on the short call ladder, that's another 21,000 deltas. So, that's how that that all shakes out. Because if we didn't have those the the covered calls and the short calls, notice I say cover calls and short calls, what's the difference? A covered call means you already own the shares. Short calls, you don't own the shares, so they're quote unquote naked.

26:22 42,500 shares is 42,500 deltas. That's always going to be the case. A share is a delta of one. But these deltas on the covered call slashnaked calls or short calls, those are static. Those are static. So right now it could be marking negative7200 deltas. But if Nphase goes to like 43 bucks by the end of the day, which would be great. I don't think it's going to happen, but let's just say that it did.

26:53 Well, that thing could probably go up to like 10,000 or 11,000 negative deltas. And that's going to shrink our overall position delta. That 13,000 could turn into like 10,000 or whatever. That's why I was like, it had already shrunk to like 11,000 earlier. So, I was like, I don't like that. Let me because I got too aggressive with this call ladder trying to squeeze more premiums, right? So, I was like, let me buy 2500 more shares. In fact, let me buy potentially another 2500 shares throughout the day if it doesn't catch a bid. But, I like for it to go under $38 for me to get the better value. But even now, I mean, it's still it's still cheaper than $4021.

27:35 That's what we paid for the shares collectively. So, I'm still getting a better deal right now. So, I'm again, I'm negotiating from a position of strength versus scrambling. And that's what I want to do. I want to handle my business early. Kind of what I did with with SoFi in that covered call. I handled my position early. I waited a little bit too late on that BMR. It cost me a couple hundred thousand, but all in all, I still handled the position early. if I would have waited longer and longer and longer, it's just it just gets more and more expensive. And that's what the lesson that I really want to impart with you guys.

28:08 Because I think that some of you guys know what you need to do, but it's real hard for you to do it because you get this premium, you feel like, oh, it's my premium. I don't want to give it back. It's my premium, Albert. You know, I'm talking about right now. Albert's my boy. And I'm not throwing them under the bus, but it's the mentality. And I have that mentality, too. Once you once you give me premium, it's really sticky for me. It's real sticky. I don't like to give it back.

28:40 But I've graduated my mentality to where it's like, okay, I'll give it back to you temporarily, but I'm coming back for that ass later. You know what I mean? Like, I'm going to come back for that ass later. All that money that I gave back on MSTR, I'm coming back for that ass. But it might be at 400, 500, and it's not going to be as many contracts because the premium is going to be juicier the more that MSTR runs. Anyway, by the way, MSTR is running. Holy moly.

29:13 Exciting. Absolutely exciting, guys. This is great. I mean, I feel like waking up my wife and being like, "Hey, we're going to dinner tonight." But I don't want to do that because we got to go on Friday and we got a party on Saturday. We went to dinner the other night. I'm lazy. I don't like to go. I don't like to leave the house. I'm a home buddy. Things are looking good. I just The one that I really don't understand is why Micron isn't casting a bid, but it's not the end of the world. It's not the end of the world.

29:45 is this an opportunity to add more shares on Micron? I don't know. I don't know. It's It's starting to get kind of tempting because we're down on the shares. So, I mean, this would be a little bit of a discount. That would be a nice place to deploy some cash. Let me get to the other side to see if our buying power is being affected in any way. No, we're we're we're holding up. Isn't that weird? Because this one's showing a million for the day. That's trip. This one's showing a million for the day. And we go over here and this one's show Oh, I guess it is showing a million for the day. No, never mind. There's not a conspiracy going on.

30:25 I'm going to stay over here for a minute, guys, because I need What do y'all think? What do y'all think? The word scooping up another 500 shares of Micron. What do y'all think? Not all at once. Not all at once. You see, this is what's going to be different about the academy. It's it's it's in an interactive situation. It ain't just me talking to me. It ain't just me talking to me. It's like I need the students to be awake in class and be like, "Hey, we're not just trying to grow our portfolio. We're trying to grow yours, too." It's it's it's basically like, "Come trade with me. Come trade with me." So, what we'll do since we're not getting your participation is let me show y'all what the academy is going to be about. I'm gonna I'm going to walk y'all through. Gretch is like you tell us.

31:22 I can tell you, but I need to see your portfolio and I'll tell you what I'll tell you what I would do playing game cod not financial advice. But anyway, let's go over here and let's go to Claude. Let's go find Claude real quick. Actually, I can do it this way. I can do it this way. Where's the There we go. You guys are in for a treat today. You guys are in for a treat today, man.

31:58 So, this is what we're going to cover tomorrow and u in, you know, in more length, if you will. Where's my back? Where's my back arrow? There we go. So, this is it right here. So, it's premium junkies collected capture live with TJ the wheel. Event essentially what I wanted to create was like a Wheelers Academy and it's like going to college for options and trading live with a professor. I can't push y'all's buttons, but if you want to but if you want to come on and share with the class, we can play a game called not financial advice.

32:36 I can't legally tell you what to do, but I can tell you what I would do if it was mine. So, we can play that game legally. So, guys, I mean, it took me 45 years to become an overnight success. And I'm barely getting started. And five years ago, I was swinging tongs and pulling pipe in the oil field as a Derek man, pit hand and floor hand, working 87.5 hours per week, and I was building somebody else's dream. today, obviously, I operate our family office.

33:01 We traded live in public every single day. the largest premium seller on social media. That's a claim that I'm making because I think it's true. If anybody wants to refute it, go show me another premium seller that's larger than we are. And that's also fully transparent. That's our moat. Every position, every role, every mistake, I got to own those, too. And the destination's 100 million by 2032. The North Star. a promise made to the man who started our family office, who's my father-in-law, that we're taking the baton and running with our head start that he go that he gave us as a family. You don't have to take my word for anything. Check the math live every trading day until the flag is planted. This is not an old school wheel though. This wheel makes tra the wheel makes trades. We build an engine. When shares get called away, noviceses blame the strategy. It's the strategist, guys.

33:54 It's not the strategy. I hate to break it to you. That's just the reality of it. The stock is the horse. You're the jockey. The academy teaches you how to ride. The method does one thing over and over. Manufacture the win. I don't know if I can make this a little bigger for you guys. Maybe that help you guys. We buy shares. That's the core companies we intend to own for years. We sell distant puts. That's the backs stop trade. Promises to buy far below today's price.

34:27 Premiums buy more shares. No new cash. Somebody else's money turned into stock. We sell call ladders to rents above market on shares we hold. The premiums lower the basis towards zero. Every dollar captured comes off what we paid. Manufactur the win the basis to zero. Shares owned outright financed by options. Conviction has a pecking order. The North Stars ranked. We're going to rank these positions for us. So Sofi, Palanteer, Micron, MSTR, SpaceX, Nphase, Riot, and Clean Spark in that exact order. The top five could carry the entire mission alone, guys. That's what found feels like. So Palanteer sit at number one and number two because they dug us out of jail in the worst draw down of my life, guys. They dug us out of the hole. outside the map. We got Hood, Nibius, and also need to add the BMR leaps. We got the BMR leaps. They're outside. We're just We're just flipping contracts. We're just flipping contracts. It's just premium cash grab.

35:32 That's it. Premium in a different way. We're we're long BMR via the LEAPS is all the reason I don't have it on anything here is because that is basically our tuition trade. We get to 50, 60, 70, 75. At 75, we're whole. At 100, we're really whole considering tax implications and everything else. So, that's what we're using BMR for. BMR is all by itself because it deserves to be in a class of its own because it's been our absolute biggest pain in the ass and it might ultimately be our biggest winner because 1500 leaps if BMR catches a bid that's going to outperform anything else that we have in the portfolio.

36:13 What you'll master here? Here's the curriculum. A is the foundations, contracts, chains, and the seller's mindset. Options as a business, the engine, extr intrinsic versus exttrinsic. You only ever earn in exttrinsic. The strategies, cash secure puts, covered calls, rolling, silver bullet. You're also going to learn the signature, back stop, cash grabs, and call ladders, the data engine. This is basically the rich man's covered call. Then the discipline, sizing, BPR, and notion, and your written trade plan.

36:46 The backs stop. It's our bread and butter, guys. Premium cash grab. It's a bet on premium, not shares. We sell promises to buy quality names way before the market. Strikes can go in the money and you're okay. Extrinsic value is your shield. That's your guard against early assignment. Roll down roll out in time down in strike. Get paid to shrink your own risk. You know, like on MSTR, we have the $100 puts. MSTR goes down, we we we can roll it out another year and get paid to go from 100 to like 95.90.

37:18 So, you're literally getting paid money upfront to lower your risk. That is just a very unique business. It's very, very unique business. And we roll right until you're right. Sometimes it takes three to five years and that's okay. The one scar, one realized loss ever. PayPal. The strategy didn't fail. My sizing did. The numbers we live by extrinsic value. the only money the only money a seller ever actually earns and we can argue about oh we're going to get the the money if we have esgov and all that stuff that's cool but we're talking about this actual option the only money that you can make when you sell a put is the premium the only money you make on the cover call is the premium now you own the shares you obviously make the capital appreciation as well so we're going to break it down the BPR the buying power what capital is truly locked on every plague and the total notional value. This is very very important metric as well. what we've what we've truly promised a number that ends careers when ignored. And then the data per day, the paycheck, the daily drip out of the kilm. Freedom without a dashboard is just a countdown.

38:26 We track all four on every position always. Every single session, live trades on screen, row money, row fills, row rolls. Watch what I do, not what I say. and a student's portfolio reviewed live when Wheeler shares their real account and we rebuild it towards their goals as a class. Cheat sheets, templates, anything that I use, you guys are going to have access to it. Every subscription that I have, you guys will have access to it because we'll be accessing it here. you could screenshot all that whenever I get on stock analysis or alpha spread or whatever and we come up with an intrinsic value calculation based on the metrics that we put. You're you're you're going to be able to do all of that. And then also we're going to be taking one or two stocks per week, maybe two, and we're going to compare them and contrast them doing a deep dive. like we'll take SoFi and then we'll take another company in that particular sector whether it's a Robin Hood or a new bank or whatever and then we'll get to decide together whether or not I made the right decision by putting so much into SoFi or would Hood have been a better alternative because right now it's obvious that Hood would have been better if I would have lo loaded the boat on Hood at like 8 10 bucks 12 bucks when that opportunity was available to me and we had cash, but I kept rocking with SoFi. So, we're going to talk about all of those things. All of those things. I mean, this is going to be an ongoing situation here.

40:01 The rules that run everything. Only sell options on stocks you genuinely own at prices you'd happily pay. Conviction first, contract second, skip that order, and the first red week will call the strategy broken. It isn't. Your conviction prices, the ceiling on the put strikes. Creeping above it is premium drunk. Position yourself bullish on stocks you believe in. Good stocks go up and to the right over time. There's a lot of historical evidence to support that. The market schedules your tuition, guys. I paid mine on Apple, Google, and PayPal. Naked, super superized strangles, and ran out of buying power.

40:31 The lesson wasn't the trades. It was the dashboard. I watched premium when I should have been watching risk. Sizing is a sin that keeps trying to collect right idea, wrong scale. The only variable that broke was the number of contracts. the academy exists. So, your tuition is $199 a month instead of what mine cost, which is about $6 million. the founding Wheelers, right now we have 15 founding students. It's all of our super OGs and the Wheel Wheelers Academy live members. You got here before the proof and that and that gets you remembered forever. What you get is a priority in the live portfolio review rotation. Your questions become the curriculum. whatever the market does to your positions, we cover it live and founders also get free admission to the live events in the future. And I'm already working on scheduling the first one. when the Wheelers meet in person, your seat is already paid for.

41:25 The doors open for a month till all the super OG's ride free in the lives for a month. After that, it's going to be strictly for the upper tier, but the next day or or maybe around midnight or so, I'll have Alex release this sess release this session to make it live for the for the super OGs. And then like a week later, we'll make it available to all the other members as well. So, we're not going to forget about all the other members at the lower tier. They're just going to be, you know, a week behind or whatever. And, you know, it is what it is.

41:59 the curriculum is the start, not the end. So, that's all of it in a nutshell, man. That's all of it in a nutshell. I'm going to be going live a lot. I'm going to be going live a lot because the market's open a lot, right? And this is what I do all day. So, now y'all are going to see me do it all day. But, it's not just going to be on this account. It's not just going to be this account.

42:21 It's going to be this account. It's going to be this account. It's going to be this account and it's going to be this account for now. So, there's going to be a lot more. There's going to be a lot more. So, if we go over here, we go this way and I go this way. So, it's not just going to be this account. It's going to be this account. It's going to be this account. It's going to be this account.

42:54 And it's going to be this account as well. So, there's going to be a lot more there. There's going to be a lot more there. And then it's different sizes, right? Because this one's like 1.2 million. This one's like 500 and something. This is approaching 500,000. This one I'm sorry, this is a big account. This one's approaching like 500,000 as well. And then this one's approaching well, this was like 20 something. This is This is my son's little account right here. So, we got something for everybody. We have something for everybody. And I'll And I'll see if I have another one that's in the 10020 range. I'm just eyeballing these. No, this is again This is This is like 600. This is in the fives. This is in the fives.

43:45 Nope. I can't see one. This one's like 300. No, I may see I'll see if I can find another one. I'll see if I can find another one. We got 11. I'm sure I'll go through all the Netflix after and see if we can get one kind of in the middle and the in the $200,000 range of the 150 or something like that. So, I think it'll be neat. I think it'll be neat, guys. And you guys are going to see you guys are going to see that it's different accounts, but they're all effectively run the same way. aside from the DJ account.

44:19 The DGEN account is all BMU 1,200 shares and we're getting our ass kicked on on BMU, but we've stuck with it. We've stuck with it. This thing is like at 26,000 net lick. It had gone down to like 11 or 12,000. So, we're just like literally just bag holding just bag holding it. And this one here is a lot more balanced. This one here is a lot more balanced, guys. So, we have MU. We got 400 shares of MU. We got the shares for so at 1,50. We got the shares for sale again at 1,200. And then we got a huge ass backs stop trade. So that's the format for everything guys. Clean spark we own shares. We got the shares or so at 15. And then we got huge ass premium cash grabs, you know. So I'll like start labeling all these as well. MSTR we got 4,000 shares. We got the share we got half of the shares for sale.

45:14 We got half of the shares for sale so at 125 50 days from now obviously those are underwater. The good news is it's only for half the bag. Then we've got the other half for sale at 160. And then if those get challenged, which obviously they could obviously these have already gotten challenged, then we start buying more shares, guys, because we can we can't be running naked for the 200s and the 240s. But if we chose to run naked, we could simply just add to these back stop trades. And if you're wondering why 28's there and it looks a little off is cuz I fat thumbmed it. I fat thumbmed this to 28 contracts saying this one was sitting at 20. So I just added eight puts. So it's one of those things. So I may add two more contracts here and two more contracts there to not make it look so awkward, but that's what happens when you're making when you're making trades on the beach.

46:20 The glare got me. I fat thumbmed the whole thing and and I just haven't had a chance to fix it. But we're not going to let this thing get out of hand. We've got 1300 deltas, so it's it's okay. We're still positive. We're not sharing against MSTR in any way. But at some point, I will likely have to start buying more shares because I got to start thinking about this rung right here. I got to start thinking about this rung right here.

46:43 End phase. We got thousand shares and we've got puts at 35. So, we don't even have calls on this one yet. So, that's something that I could remedy there. it's not sunny and 75, but we got to bring money through the door. So, I could do that, too. And then SpaceX, we got a thousand shares there. We got a huge ass ladder. We're chilling, though. It's like the shares are sold. 220, a 240, a 260, and 280. And you can see the extrinsic. I mean, this thing's just printing. It's a printing press. And then we got premium cash grab on Nebas that's working. And then we got Zofi.

47:20 It's one of the bigger positions. 3500 shares. We're up on the shares. And we got the shares for sale at 25 bucks. We're chilling. Then we got a huge ass back stop trade right here that's working out. And then we got Palanteer. We're just chilling. We just sold puts. We're just chilling. We're just chilling. This this portfolio is bringing in $3,700 a day using 36%. so anyway, that's enough of that. That's enough of that, but you guys can see what's coming to you. So, it's again, it's the same stuff over and over and over again. It's just the amount of contracts is different based on the amount of money that you have to work with for your particular business, for your for your particular hamburger stand.

48:03 Anyway, anyway, anyway, anyway, let me go over here. You guys have any questions? Andrew, my man. Appreciate you. Appreciate you. Look forward to getting to know all of you guys a little bit more. Let's see if there's anything else here that I might have missed. Long SoFi. Beautiful. Yeah, man. The longer it consolidates, dude. It's Oh, boy. It's going to be fun. It's going to be fun. I'm glad that I took some of that risk that we had to the upside because I think I had cover calls at 20 bucks on SoFi. I took a bath on those.

48:39 But I feel good about it. I added more puts. I may I may increase the strike on the puts, you know, and bring some more money that way. But I want to be patient. I want to make sure the buying power holds up. And I want to see how Nphase plays out because I if I had have to end up buying another 10 15,000 shares of Nphase, if it does catch a little bit of a bid, that's going to suck some of our cash temporarily, right? So, I gota I got to be mindful of that. MSTR is pretty easy now, guys.

49:10 We just roll a couple times and call life good. You know, we're we we got plenty of we got plenty of positive deltas on MSTR. So, I'd love for it to go to 150 160. I'm here for it. I'm here for it. Listing little behind. walrus man. I'd be super interested joiners academy currently working with 150,000. Right on. I'd love to help you, my man. Mr. for premium the option. Happy Thursday. Good stuff. You will have to do a lot of public shows. Got to attract new members and or replace the ones that depart.

49:46 yeah, we'll see how it goes, man. I'm I'm here to just pour my heart and soul the way that I've been and let the let the let the cookie crumble, you know, let the cookie crumble. There's a lot of people that want to rock with me now because the portfolio is approaching all-time highs again, but I'm more interested in rocking with the people that rocked with me when things got tough. So, I have like a mental note of people I recognize some some talkers on X and even here on YouTube.

50:19 And it's not that I want to be vindictive or anything because I don't have it in my heart to do that, but we're human beings, right? So I so I remember some of these in their comments and I'm just like, "Oh, what now? All of a sudden I'm good at selling options again just because the price action is working out for me. Come like we don't control that. We control our positioning. We control our conviction. How many times have I had people on here try to talk me out of my strategy?" And I'm like, "Dude, I'm running my own race. I got me. Like you worry about you. I got me."

50:53 Like Mr. premium said, "Man, we're all the CEOs of our portfolios." We're all the CEOs of our portfolios. That's exactly right. That's exactly right. really appreciate your content here and on Twitter. Yeah, that's what we do, man. It's what we do. I appreciate each and every one of you guys. Anyway, thanks are holding up, man. I'm looking here in the background. Things are holding up, guys. Things are holding up. We're solid. We still got work to do.

51:18 You can see there we still got 100,000 to make up over here on account ending in 19. We got some work. We got some work to do. We got some work to do. Got a little work to do on this account here. Got to get it to six figures. So, if you're in a situation where you got a smaller account and it's it's something I'm going to talk to my wife about as well because I may I may do because I think we have the $25 for I got to look. I got to look. I'm going to see what I could do to make the the academy more accessible because I know 199's steep. I know that.

51:54 but maybe that's just the tier for the the portfolios that I'm helping on a regular basis and then we can have students that are able to participate just on the chat, but I don't actually like analyze that just takes a lot of energy, man. Like it takes a lot of energy because I'm going to take a vested interest in your portfolio. Once I start seeing it and I start looking at it, man, like it becomes mine. That's the way that I operate. That's why these FaceTimes I charge so much more money because I pour my heart and soul. And you guys know, you've done FaceTimes with me, you know, like I get invested in your portfolio and I really give you the best that I got to try to get you on track cuz some of you guys come to me looking like a ETF manager of sorts.

52:36 I'm just like, dude, we got to find your five player. We got to find your five. So, I got to ask you a bunch of probing questions and what kind of stocks do you like and why do you like them and why do you believe in this company? Or are you just copy trading everything? You have zero conviction because those are the hardest portfolios to fix because you're just playing price action and sentiment and you're like looking for the next shiny object on X and it's it's really tough, man. It's a dangerous game. So, I got to really get to know you guys where you're at in your journey and I and I do my best to help you guys. I got to look at this portfolio real quick. This is against like a half a million dollar portfolio. We started with 375 about six months ago.

53:17 Went down like six figures right away. On this one, we went down like a couple hundred grand right away. We bounced back. So you guys can see it's real clean. There's like not a lot to it. We got 200 shares of Micron. Got the shares or so at 1,50. It's printing. Got the shares for sale at 1,200. That part's printing. And then we got the backs stop trade. Do we have cash? We do. It's very healthy. This is a very healthy portfolio.

53:48 I want to make more money on Micron. Like my wonder if this is getting a nice little opportunity to add another 100 shares. Let me look at the rest of it. We got SoFi 4,000 shares. 3,000 of them are for sale at 20. That one's dicey. Then we got another 3,000 shares or so at 25. So I got to be careful because I might have to scoop up another thousand or 2,000 shares of SoFi. So I got to be careful with that. I got to be mindful.

54:19 The back stop trade. You can see it's always the same thing. The backs stop trades are superersized. They're always super sized. They got to work. MSDR, we got the 200 shares or so at 160. I think we're good. I think we're good. And then clean spark. We got Oh, we could do a We could do a cover call right here. We could do a cover call right here. Let me knock that out real quick. Just real quick. Ring the cash register.

54:50 Nothing crazy. Can't have any squatters there, man. That cash flow comes in handy with an account this small. There we go. Not going to run the ladder or anything. because Clean Spark's the kind of stock that could really run really quickly. Hey, baby. Yeah. What's going to doggy daycare or what? I already took him out this morning. Yeah. What's up, guys? Mommy sick, y'all. Or what?

55:26 Yeah, there's not a whole lot we could do here. We just got to wait. maybe end phase. Could this be a candidate for Nphase? Have I done anything with Nphase yet? Where's the Y'all are getting a taste of the of the academy right now. This is This is like I spend a lot of time on these accounts trying to figure out what's what. so I don't just spend all my time on the big account like y'all think that I might. I don't. I spend a lot more time on these little ones. It's a lot more fun.

56:00 Okay. So, let me look here. Where's Nphase? Oh, wow. So, we've already made money with Nphase. Oh Why isn't it on the rotation? Let me go here to find Nphase. Let me see what kind of history we have with Nphase. So, what do we do with NPhase?

56:32 Looks like we sold the put. We were at 30 bucks. Oh, wow. That's when Enphase was cheapy cheapy. Sold puts that we running a strangle. We're running a strangle. I wonder if the options chain will show up on here. it. Okay, cool. So, this is all with options. Made $13,000 with Nphase on options.

57:03 So, yeah, it looks like we're running a strangle of sorts. Made 5600 on naked calls. We made 5,000 on naked puts, short puts, another 2500 on naked puts. That's how that's what gave us the money. I wonder why I stopped it. I mean, that looks like a great campaign. I wonder why I stopped it.

57:37 Yeah, I like Nphase here. I like Nphase a lot. Let me Let's go ahead and put it on. It's a good menu item. We'll put it on way over here so we don't have to jack with it for a while. We'll go back to 30 bucks and we'll start with 10 contracts. right in the middle. Let it cook. Let it cook. That's the cool thing about doing the same stocks over and over is you don't have to sit there and contemplate too much because you're already familiar with the story. You've already done all the homework. Now, it's just like if you want to get real real technical on what the what the technicals are saying, right? So, like that's the other thing that I could do is I could go over here.

58:23 I could go over here and I could go where is it? It's this guy right here. No, it's this guy. It's this guy. going to be like, "Let me go open up my trading view cuz Manish is giving me some where's in phase. This gives me some nice supply and demand zones.

58:58 Oh boy, that's exciting. Let's see what this dude has to say. This kind of tells you like the potential. Give it time to load. Oh, yeah. Oh, this could be fun. This could be this could be a real good entry. That's going to be a real good entry.

59:29 What you doing, baby? Let's see if I can get this filled. Huh? There not a lot of customers there or what? Let's see. Yeah, there is. That should fill. It just needs time. It just needs time.

60:00 I think I want to start by owning shares though. There we go. There we go. So then now we'll put the shares first. So we'll do a ladder. We'll do a ladder on this one.

60:30 So we'll do the same thing. We'll start at 45 bucks. So we'll just go right here and ring the cash register. Get a rebate. This is methodical guys. Like you guys are waiting for Sunny and 75. I don't know what you guys are doing. and all this will average out in the end if you do the same thing over and over again. So, go there. That's the 22day. Let's go to the next monthly cycle, which will be the 50-day. And we'll be more conservative with this one. We'll go 55.

61:02 I can always roll it down just to get it on the books. There we go. So, we'll just let it cook. We'll just let it cook now. It'll by the end of the day, it'll probably fill. If not, I'll go make adjustments. How much cash do we have again? Oh yeah, we're solid. I'd love to stack another I'd love to stack another 100 shares of Micron and just go ham with this thing, but let's just be let's do the responsible thing.

61:35 I think we're good. This one's solid. This one's solid. And when it gets up to a thousand, then I'll put another ladder on. And then I'll start putting two contracts on on the higher strike prices. I don't want to be scrambling with Micron because Micron's the kind of stock that can go up or down a 100 bucks on a daily basis. Let's see how this is looking. Yeah, we have a chance. We have a chance. I'm not going to try to just get fills. I'll be patient. We got all day.

62:05 We got all day. Is there anything else here before I log off and phase? We're good. Micron. Gosh, this is one that's sure tempting. Man, that one's tempting, guys. That one's real tempting. What's our Delta 6000?

62:39 We already have the Yeah, there we go. Looks like Nphase filled something. Where's that one? What do we do? Looks like we got the 45s filled. So, that's good news. We got the rebate. So, now we're working on the put, man. Come on. Come on, baby. had some shitty ass fills this morning.

63:13 Oh well, back to this one. End phase. I don't need to buy any more shares of end phase right now. I'm good. I'd rather buy shares of micron. Micron's number micron's number three. Conviction. Are you going to buy number three or you going to buy number six? SpaceX is golden. MSTR. Wow, man. What a turnaround on MSTR. That's crazy.

63:44 That's awesome. Let's go look at the options chain, though. Look at how bad. I got my ass kicked. 1.7 million to the no bueno. We got a million to the good over here. So, we have a million in open options. That's working out. And then we're up on the shares. The shares don't show up over here. The shares were up over here. So that's how you we're up a million on the shares, right? So that's how it gets us year-to- date positive 600,000.

64:15 So I'd have to close all of this out, but that's 4.4 million. And then you give all this premium back and then you sell the shares, it still be a negative net lick. Like if we go over to the net lick, you're going to see it here. Yeah. there's 726,000. So that would that would hurt our like if I wanted to like zero out MSTR and be like I want to log in to win it would actually hurt our cash flow. Our cash would go down to like 2.5 2.4 million if we wanted to exit MSTR completely. We don't want to do that. But if we did and if I want to lock in some of that win to like get our realized going I'd have to close out some of these cash grabs right here. I could close out like 500 of them or so.

65:07 So I could like close out 500 of these lock in some of that wh but I'd be giving a shitload of premium back and that would hurt our cash balance. Yeah. See, I'm not going to do that. No. No. That ain't happening. I'm telling you, man. I'm sticky with that premium. I am sticky. Sticky sticky sticky with that premium. It is mine. It's mine. I've already spent it now. I said this position was full. Man, I lied. I lied. this position. I'm gonna I gotta buy more shares. I gotta buy more shares.

65:49 I gotta buy more shares. Oh, I feel so much better now. I'm determined to make Micron our number one spot. Balanteer, you better watch out. We're coming for you, man. We're coming for you. It's not personal. It's not personal. I just see the opportunity a lot clear. It's like that turquoise water and tur and caos. It's just is crystal clear to me.

66:21 Crystal clear. Now we have more protection of the upside, guys. So there's a military. This thing goes to like 1,200 1250 before earnings. I think earnings are 930. If this is accurate, I'm going to have wished I had bought more shares, you know, because now it's like we're covered here and we have 1500 shares to spare. I'm not here. I'm sorry for this one. So, we're covered here at 1,200. We're fully covered and we have 1500 shares for sale going into this big one right here because this one is the big short strangle that we got on. So, it's working right now, but it could that's the that's the part of the trade that could really really hurt us on a huge meltup because we're talking about 120 contracts.

67:06 Mind you, it's backed by 250 short puts. So that's just the the essence of the short strangle, but it's again the sizing. So, you know, I considered just taking it all off, but then I got to give back 2.4, right? Can't do that because if I give back the 2.4, we don't have any more cash. We don't have any more cash, right? So, I use this to generate a lot of the cash along with the backs stop trades on MSTR and all of these backs stop trades. So, when you take out those quote unquote 0% loans, you got to know where they're at. You got to stick in these trades. Like, you got to stick with these trades.

67:50 So, let's talk about what I just did on Micron and we'll end it with that because this is a good session for you guys. It's cool because I got more participation, right? I got 500 more deltas to the upside. That part's great, but it also hurts that much more on a draw down. It hurts that much more on a draw down because on a draw down, what's going to hurt you? Owning the shares is going to hurt you. The short puts is going to hurt you. These short puts are going to hurt you. And they're not marketing against us that much, which is kind of surprising, right? It's kind of surprising to me, too. to me too.

68:28 But it's because of the power of the calls, right? Like the power of the calls. Like these calls are doing their best to prop everything up. So, we have a couple things working for us. We have the calls in place that's helping us. And we've had a decrease in in the IV rank. This IV rank was in the 30s yesterday. Now, we're in the 25 range. So, that's what's that's kind of what's helping us.

69:00 Anyway, feel good about it. I feel good about it. I feel good about it. I feel good about it. I think we're good, man. I think we're good. Solid session. Not a lot of people showed up today. These are the best sessions for me because I can just like really concentrate on you guys and make sure that I answer all y'all's questions. rode the the BMR train down with you and now back up. Let's go. Let's go, baby.

69:25 All aboard. All aboard. I think Tom Lee is going to get vindicated. I really think Tom Lee is going to get vindicated. I think Michael Sailor is getting vindicated. all of these people that talked a lot of myself included a little bit because I can't say that I wasn't like kind of angry at these guys because it's some of the they do is kind of agitating because it's like especially with Michael Sailor, it's all like real cryptic. I mean, crypto is like perfect for this guy because this guy like talks in crypto like he he's he's a weirdo. Like Michael Sailor is an absolute weirdo and most of these geniuses are most of these geniuses are. They're just they're just weird people, man. They're weird weird people. Anyway, guys, let's finish with one minute with God. We got 29 people, 30 people here. We lost a couple of people yesterday during this segment.

70:14 So, we got some demons in the crowd. This is for you. So, I think this is Yeah. 7. Oh, looks like something filled over there. Fellowship. It's on fellowship today. Somebody messing with this. So, let's do this thing. One minute with Well, I got it pointed at me.

70:51 One minute with God. August the 27th. Fellowship. Why do I need fellowship? Why do I need the fellowship of other believers? God created you for relationships. You truly cannot grow as a believer all by yourself. You need other Christians around you. Fellowship with other believers is necessary to keep you accountable, to correctly learn God's word, to pray for each other's needs, to encourage one another, and to help you mature in faith. God's response. When he arrived and saw the proof of God's favor, he was filled with joy and he encouraged the believers to stay true to the Lord.

71:30 Acts 11 and23. Use his words to teach and counsel each other. Sing psalms and hymns and spiritual songs to God with thankful hearts. Colossians 3:16. Since we are all one body in Christ, we belong to each other and each of us needs all the others. Romans 12 and5 God's promise if you are living in the light of God's presence just as Christ is then we have fellowship with each other and the blood of Jesus his son cleanses us from every sin first John 1:17 that's one minute with God on August 27 peace out let me take a photo all right I'll get that posted on X and we're good to go we lose anybody today.

72:21 Woo! Proud of you guys. Proud of you guys. We got to We got to chop those horns, man. We got to chop those horns. That's why I always wear a hat. We got to hide my my little stubs. Got to hide my little horn stubs there. Anyway, guys, I appreciate each and every one of you guys. You can do me a favor. Hit like, subscribe, all that fun stuff. That really helps the algorithm. Appreciate you guys. TJ the wheel signing off. As always, guys, stay blue stock screen. Peace out. God bless you guys.

Summary

DJ the Wheel Joe announces a significant milestone: his profit-loss year-to-date has turned green after overcoming substantial setbacks, particularly with PayPal, Google, and Apple. He emphasizes the importance of perseverance in trading, highlighting the need to manage emotions during market fluctuations and the strategies that have led to his current success.

- Profit-loss year-to-date is now positive, marking a recovery from previous losses.
- Key strategies include covered strangles and selling options on stocks he believes in.
- Emphasizes the importance of maintaining emotional balance during trading highs and lows.
- Plans to reach a goal of $20 million by the end of the year, with aspirations for $25 million.
- Discusses the significance of managing risk through proper sizing and understanding the dynamics of deltas in options trading.
- Introduces the Wheelers Academy, aimed at educating members on options trading with a focus on practical application and portfolio management.
- Highlights the importance of conviction in stock selection and the need to stay true to one's trading strategy.
- Encourages community engagement and accountability among traders to foster growth and learning.

Questions Answered

What is the current status of the year-to-date profit and loss?

The year-to-date profit and loss has finally flipped to green after a challenging period, particularly due to missteps with PayPal, Google, and Apple. The speaker emphasizes the importance of perseverance in the face of market challenges.

How is the current options strategy impacting capital appreciation?

The speaker discusses a strategy of lowering positions to bring in more premiums, leading to significant collective gains. They express a desire to realize capital appreciation on Nphase and highlight the importance of negotiating from a position of strength.

What are the current observations regarding Micron and potential investment actions?

The speaker expresses confusion over Micron's performance despite positive premarket activity. They consider whether to add more shares at a discount due to current price levels and emphasize the interactive nature of their investment academy.

How are different accounts managed and what strategies are being employed?

The speaker outlines the management of various accounts, including a focus on balanced strategies and the handling of underperforming assets. They discuss specific share holdings and the approach to selling and buying shares based on market conditions.

What technical analysis is being conducted and how does it influence trading decisions?

The speaker engages in technical analysis to identify supply and demand zones, indicating potential entry points for trades. They emphasize a methodical approach to trading and the importance of patience in executing strategies.

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