How to use MenthorQ during Earnings

[00:00:00.07] - Speaker 1
Sam.

[00:00:51.11] - Speaker 2
Good morning, everyone. Good morning. Happy Friday and welcome back to these sessions. And today we're going to be here with Dan. Welcome, Dan, again. It's been a while, but glad to have you back.

[00:01:05.09] - Speaker 1
I'm happy to be back, Fabio. We have stopped the boot with a session. So many things going on, and hopefully everyone as well. We're back. And before we start with all the other exciting stuff, we told you about, about the basics of options developing and growing with monthly Q in the middle of earnings season. So this is kind of a Friday special for earnings.

[00:01:32.12] - Speaker 2
Yeah. And before I pass it on to you, Dan, I want to just make a small intro on some of the earnings that we saw in the past couple of days. So what you see here is, of course, next week is going to be a very, very interesting week because we have the big tech companies reporting with Microsoft, Apple, Meta, we already saw Google and Tesla reporting this week. So we're gonna go into some maybe nice insight there. But like, again, next week is going to be very, very important, not only for the tech companies, but also for the market. Right. So we're gonna have. And also, like Nvidia is coming up, so understanding what's going on with earnings is going to be key. And today we're going to show you some of the things that you can use within mentor queue to kind of like also prepare for it. So before we. I'll pass it on to you, Dan. I just want to show some example of the latest earnings. So I think the first one, they is really, really interesting. We sent an email yesterday, it's Chipotle. So Chipotle Yesterday was down 14, 15%, really bad beat on the earnings side.

[00:02:42.22] - Speaker 2
But again, how can you prepare for this sort of like, outcome? And can the option market, can the models help you understand what's going on? So if we go back a couple of days, so we go back to the 23rd, which is the day before earnings, what you see here immediately as you open up the screen, we are, we were two days ago on the 23rd of July, already in a negative gamma condition. So we, we of course know what that means, but then look at the Q score. So the Q score aims to give you an overview, like a very great snapshot of what's going on to the asset by looking at four different factors. Option, momentum, volatility and seasonality. So what this is telling me, when you see this red here, that we were very bearish on the option side and we were very bearish on the momentum side. The volatility was still neutral. So not super high, not super low. And then we had no seasonality. If we then go here, we can kind of see negative gamma piling up here. And then, and then we can also look at the matrix.

[00:03:52.14] - Speaker 2
So for example on the 23rd we saw an increase in negative gamma by 7.95 million here. And then of course we have delta as well. So the market was already preparing for the earnings. They were protecting themselves. Maybe they were scared that Chipotle could have done bad earnings. And then what's really interesting is here, which we send in a message yesterday, the Q score was actually really positive until a few days before and then we suddenly dropped. So the option activity went super bearish in a matter of a couple of days. Right. So you can actually understand that hey, the market is really scared and is really worried about what's going on with Chipotle and the earnings coming up. So as you can see, we were from a very, very bullish option score which we saw here, the uptrend coming in and then we kind of started seeing the downtrend here. And then of course we dropped this big candle here during, during earnings. Well actually we saw a massive drop after. But basically like this could have been an early warning of like hey, what's going on there? The market is really pricing in.

[00:05:04.21] - Speaker 2
And then of course the skew was also very put bias. So what this represents is that the market is willing to pay higher premium for out of the money puts versus out of the money calls. So again they do that if they that think that there could be a significant drop in price. Right. Fast forward two days and then we can also look at the levels. Right. We obviously saw big drop in price right here of course and now we are kind of starting at this level. But essentially now we can also understand, you know, what's going on here. We're at the bottom. We are very bearish on the option side, very bearish on the momentum side. And as you can see here, there's a very big put support level at this 45 area. So if we open up the, the indicator here, we can see like these big levels right there. Right. So this put support is going to be very important and we can come back here and next week we're going to spend some time talking about gamma levels. But as you can see this is very, very important areas where the market is really worried about.

[00:06:25.00] - Speaker 2
There's a lot, there's going to be a lot of hedging activity going on there. Yeah, let me know Dan, if you have Anything to add there?

[00:06:33.17] - Speaker 1
No, it's exactly what I would have said. And this is also what I mainly do is you, you can't prepare for everything, especially if you go directional. Oh yeah, that's, that's wonderful that we hear with Google. You go on Fabio with Google and as I played Google and we can replay what I did there in, in our discord and I will let you know some, some thoughts I had and, but Bobby, you, you go on and you, you tell the people and show them what you saw and I will say what I saw and how one can do things better or what was good or bad.

[00:07:13.26] - Speaker 2
Yeah. And I, I want to share maybe one another the example of Google. Then I want to maybe spend a few minutes on Tesla just to show how we can also read the market on Tesla. But basically Google the same. We can go back in time. Pre earnings. We saw that we were kind of very bullish on the option side, very bullish on the momentum side. We had a slight negative seasonality and of course indecision in terms of volatility. We were at the neutral position here. But at the same time you can also look at the Netgam exposure chart. There was a big 200 level core resistance. We can also go back and see our Google chart here. And as you can see like we almost went through this core resistance level and then the price drop and now it's kind of like stalling around this weekly expiration. If we go back to the chart, we can also see here how important these levels are for our weekly expiration there. And then what this one was of course two days ago. So we would need to go back to get the updated levels. But again here we can look at the options course.

[00:08:31.14] - Speaker 2
So we can see for example when we went from very bearish a few weeks ago, a few months ago actually, and then we went to very bullish here. Then we started seeing like, kind of like an increase in the, in the trend. So always follow this big move from bearish to bullish because this is where the big money is flowing in. This is where the big option activity is coming. And then of course here if we look at the, at the skew, we were also very on the call buyer size. So the market was willing to pay higher premium for out of the money calls than they were for out of the money put. So this is another good sentiment indicator that you guys can use. And of course you also have our swing level. So again this can support you as your lower and upper level for, for, for the next five days. So we can look at that into, into more details. But before I pass it on to you on Google, I want to share some insight on, on Tesla. Right. So Tesla did bad earnings. If we go back two days ago, the market was very bullish on Tesla.

[00:09:38.19] - Speaker 2
So we were really high. Of course the earnings are catalysts so anything can happen during earnings. The market can position ahead of earnings but of course the results are going to be the ones that dictate the narrative. So here what we see that before the earnings the market was really kind of on the bullish side. And then if we now go back to today, we can see basically how things have changed. So now we are in a very, very bearish environment from Tesla. We can see how we are now piling up at this 300 level. But I think what's also very interesting is that if we look at the price of Tesla and we have our swing levels there, they could also have provided a great support yesterday. So these 300 areas was kind of like a pinning level for the day. So we didn't, we tried to break down and we didn't break and now we are kind of like above this 300 area. So again going back we, we are seeing an increase in bearish activity coming from the option market. But we do have a strong put support level at this 300 area.

[00:10:49.22] - Speaker 2
So again this, all this data can kind of support you and show you what's going on. So we saw the option activity going very bearish and now we are so monitor these changes because again, everything could change in a matter of days and yeah, And I'll pass it back to you, Dan.

[00:11:13.12] - Speaker 1
Yeah, thanks Fabio. I will try to share my screen. So we're going to do a bit of recap because with MNCQ data it's not only about, it's not only about basically learning how to set up new trades, but the most important thing is how to manage a trade. And I will show, try to go into the discord at some point. Give me a second and I hope everyone is see my screen. I'm going to open that now. Bit back to Google. We go. Some people mix up. There are two Googles and you always should go for the one which is more, which is, has more liquidity. So if we go back, Google had earnings, if I'm not wrong, two days ago. So if we go back, seasonality, slightly negative. We had some high opinion and basically high momentum. I was afk so didn't have the time to put on very complex things. Kept it mostly simple. So the first thing was for me to as always take the the five day swing model to know where we might end up. So the easiest trade here was and would have been and okay the the risk return isn't that high there but still the win rate is high.

[00:12:59.20] - Speaker 1
So setting up a trade we can go over to the discord soon is placing their spread and this is what I did. So in the pre market Google was dipping hard but still it was far, far away from that level. And today this spread will close for 100% win. But still this is something very easy to do. But this is if you don't have time and you really want to play earnings the easiest way is to do this maybe a bit before power hour or even in the power hour. Why and this is important everyone who has been following the sessions here we've been talking about I am implied volatility and vega. So in the last hours there's the IV rush. Like it goes up, it goes up, it goes up and sometimes we see even big moves in the last couple of minutes. So it's good to place your trades in the end. Yes, slippage can be there. Things become more greedy. But if you sell premium and this was a directional trade I was talking about, if you sell premium I will open the trade so you can see this. If you sell premium then the best thing you can do is basically wait to get the most out of it.

[00:14:27.02] - Speaker 1
So don't rush, don't feel too pushed to do that. It's different if you want to go into basically we'll talk about strategies where things are moving when we look at the earnings of next week. So give me expert, let me see where is Google and I will move into the Google area soon. Give me a second. Okay. Okay. I will start sharing my screen just for a second. So you see here various, I hope everyone is seeing that various trades on Google I put up. So we had a call calendar, a put calendar. We talked about, about a bit about calendars. They, they have their, their charm and I will tell you when you can put up calendar. But some things can't be, can't be properly valued. So the next gain, no one is really valuing it right? Because it's not possible because you, you have two lags and different expirations. But let's go back to the easiest thing here. I put up on a trade here you see on the 118-251-80 and why did I do that? Let's go back to this tab edited because of that. You see this was an easy trade.

[00:15:58.04] - Speaker 1
This was an easy winner. Another one which wasn't that nice is IBM. We will talk about IBM and how you can manage these stuff, what you can do. But I want to go back to Google. So why did I put on a bullish trade? Normally I go non directional and this is what I did with my calendars. I, I went for a volatility crush, non directional volatility crush with a little tilt either to the bearish, either to the, to the bullish side. So the thing is just by looking here you get a good feeling where is the market. So as Fabio suggested, you should look at these things. And yes, we will see a change in the decks, we're seeing a change in the gag. So overall still this is pretty bullish here we keep things just simple. So yes, I knew the overall put Support is at 165 but I knew that the high volume volatility level close to my break even point. And the high volatility level is the regime changer. We have a fat acceleration if this change, if this has had been, had been breached. I knew the put support would have been the next level to maybe hold the move.

[00:17:21.12] - Speaker 1
So I would have had necessary to manage this trade. So in order to get a good risk on return I use the high volatility level and what the, what the model gave me. And yes, the risk was risking out of two and a half dollar spread and making $50, making basically $5. In the end it's one to five, which is not the best. I prefer other things, that's why I put often them. I mean I have these broken wing butterflies if I go directional. So you get a tiny credit if you're lucky or a small debit. But you can make a lot. And the risk return is 1 to 1, 2 to 1. But a lot of people find it too complex. So this is the easiest thing if you go here. Another thing which I checked and everyone who has been following me knows that I'm not obsessed, but I love decks. I want to see what market makers are up to. And let me just give you my interpretation of this before the earnings. This is not a just, this is basically levels play a role, but not in the moment of the earnings event.

[00:18:34.19] - Speaker 1
Mostly they can play a role, but not like if their earnings are bad or super good. The algos will kick in and they won't respect that. So market makers will start accelerating the move or hedging there. So a lot of things can happen. But I knew the positioning of the market here was Bullish in general. But the thing was if you look at the Dex profile here in the, in the orange line was that there was also some hedging on the top which gave me two, two things I knew for a fact that if earnings didn't turn out super sour we must probably going to move up which we did but we won't go to the moon which didn't happen. That's why I put on calendars which are so easy to put on and they're good, you can manage them properly if they, if they, they. If they. If you don't have a big breach, we will talk about a big breach soon. So you can learn something about managing calendars. But yes, and I looked at the swing levels and again the swing levels gave me some confidence that basically you had a swing level on the 22nd here, 8244.

[00:19:49.25] - Speaker 1
You see this is what I used for my break even point and I had some swing levels lower but a lot on the upside. So I knew move wouldn't be that big. So this calendar trade, they just. It's a very cheap trade to make, make good money. But this is the nice thing. We will start with the basic of options. So everything we've talked about we will go into more depth from the coming sessions and you will learn to use by reading mentor Q data you'll be able to use the right strategy. If you look in the discord you will see other people posting their earnings traits there and you can see how they choose their approach and how confident they are. People even trade strangles short volatility trades with strangles which yes it's manageable if the Stock doesn't like skyrockets 20, 30% and if you're a beginner, don't do it if you know what you're doing, do it because you can manage it afterwards. But basically if you use monthly Q data and this is a good thing. Abio, any questions? Let me take a take a peek if there are questions. Otherwise I would go to another trade which went a bit sour which I managed and yes, basically a trade which we can take a look at.

[00:21:20.14] - Speaker 1
So let me.

[00:21:21.13] - Speaker 2
No question so far done. So for now yeah I think we can go, we can move to IBM.

[00:21:26.17] - Speaker 1
Okay. So we had. If you see some mentor Q like what I normally do is call broken wing butterflies or put broken wing butterflies. You see the Google thing here is 100 but you see this here this looks like terrible. It looks terrible because like IBM so we go back here IBM I, I I use. I will be very open to you because I've been doing earnings for a long, long time. I use a lot of data on earnings, a lot of studies and I filter things out and I have brought things with me and I fine tune it, refine the things in the end with Mantaq. But you don't need to do that. Maybe I do things too complicated. I've seen people very successful. So if we go back to the 23rd here, I'm sharing again. IBM, you see if we looked at Google we had a better feeling overall. We still in positive gamma condition. IBM, this old giant has been going up, being going up another new CEO. But yeah, some things were changing and where were the warnings? The warnings were here. You could see the change in the X and gag.

[00:22:49.19] - Speaker 1
So you would see the market positioning themselves not bearish. This is they. They don't. The market doesn't tilt before the earnings. It's just actions. They're positioning and market makers. If some levels are breached like basically here the put support and 270, the one I used basically then it sells down. It just goes down, down, down. And we can see this. I will try to. Will try to. Let me add this here. Give me a second. IBM I will try to get into my. I will try to get into my. Okay, camera swing levels. Yep, yep, momentum. I'm gonna. One second go. Have to go leave the browser and present my rating view if possible. Let me see. I hope. Can everyone see my trading view? Everyone can see my trading view now. So what happened on the. We had earnings here. Let's forget about the extended hours. Let's go in to what happened here. Go to 15 minutes. This is what happened. Basically from the beginning of. We dipped off and we stayed. We dipped off hard and we went back to this nice 60 level. This didn't happen right away. If we go in here, you see that this didn't happen right away.

[00:24:53.29] - Speaker 1
We dipped here, we went back up. So I wrote into discord, take the 60 level, the 60 level which we have more here because these are new levels, not the levels we had two days ago, but the 60 level is here. So I said, okay, I left my long leg. I had a right. Left my long leg grow and go deeper into the money because I knew market makers would sell. I closed the short leg for a loss. I sold again the 60 and I waited and again here. I sold down here. And basically when I saw that we were going up levels like I said were a bit different but we reclaimed some significant levels. I Closed the long, so the loss was nearly offset.

[00:25:46.16] - Speaker 2
And yeah, so I think we. We lost your screen. Sorry.

[00:25:50.13] - Speaker 1
Oh, okay, okay, okay. I'm very sorry. I don't know why this happened. It didn't show me anything. Okay, let's go on. I hope everyone sees my screen again. So with these levels, they're not the levels from today, but you can manage even losers, you know, you can manage even loses. Because my break even point was somewhere around here with all these great support here, but we lost that right away. So this is like the worst trade which can happen because it's a spread. You can just then expire worthless because you know you are at full loss. But you don't need to be at full loss because earnings are tricky events. We will teach you in the coming sessions how to manage that. I just wanted to show you that because some of the people followed the trade and you can, even from a bad looking trade which is closing in two days from, from expiration, you can do a lot of things. You can really turn that around. If you know what the levels are and this is a great thing, you don't need to do it right. Yes, that is burning on some things, but Vega is doing its thing because it's burning down.

[00:27:01.09] - Speaker 1
So you have the intraday levels. You have the intraday levels. And one thing everyone has forgotten, I know Patrick is talking about this is the Fibonacci. I don't. I'm not a TA guy. I don't use a lot of ta, but I use this. I still keep it. I don't know, Fabio, if you still. If this still is maintained or used and for. From other people, but I still have it there, I'm happy about. It's the only TA level TA thing I have and I do use it just to get an. To get a good view. So basically, if you had managed to trade here and we will show you how to do this with these things live and on the coming sessions you will feel good even if you see your thing, your trade dipping hard. Okay, so basically I want to talk not only about the past. The past is the past. We can't change the past. I think, Fabio, we should go on to. Because we have now left roughly maybe what I've prepared. Start showing ideas for next week. I've put in, I've put together some things and we can see what we can do with the data I've brought with me and basically on which trades mainly you should focus.

[00:28:20.21] - Speaker 1
And maybe back to you, Fabio, if there are any questions or remarks from Your side.

[00:28:27.16] - Speaker 2
Yeah, yeah, no, exactly. So I think there's no question right now in the, in the audience and we can go, we can go into, into this for sure. Again this is not guys recommendation. This is really just showing.

[00:28:42.17] - Speaker 1
No, just showing.

[00:28:44.17] - Speaker 2
And basically how you can get some ideas on how you can use, how you can use the, the platform, the data. And then at the end we're going to show you some of the events that we have for next week. So stay tuned there and yeah, then let's. I think we can keep going.

[00:29:01.02] - Speaker 1
Yes. So basically the easiest thing is you don't need to have all the data I have here. You can use an NI to do this for you. And I will show you some other aspects I use in man 3 next to all these obvious stuff, the options flow you should use to take a peek because like Fabio said you see a negative DAX basically change an IBM and was afk. So I put on this trade just by looking at the five day swing model. But I didn't look at all the other things which memphiq provides because I just was on my mobile phone which is not advised. And if I had looked at the other stuff and the flow Mentor Q provides plus other things might have set up another trade. But I had three trades, I managed the one well. So in the end three winners, two easy winners. Like I'm sitting back one winner which wasn't that good. So what I've brought with me, we have a lot of, a lot of companies reporting next week and two things should be said because I always look at two things mainly when I trade options.

[00:30:13.08] - Speaker 1
This is the theta burn and implied volatility. So if you set up trades, beware of these two things. So if you have a short volatility trade which means you take advantage that on the event, the day of the event, let's take Apple here till the 31st. Option prices will inflate how much there are models, things we don't need to deep dive into. That it's not important for you right now is basically that this will inflate. But what do we see here? And these are things you can even just grab together with AI companion. What you can't get is monthly use data to put things into perspective. So I always suggest for earnings trades to trade with layers. So I've put in together some things just to give you ideas and this is no recommendation. A lot of times models are wrong because the market just sees something which it doesn't like and so you need to be able to manage these Trades, earnings trades are interesting because they are one of the few, few, few remaining option parts of options where retail traders still might see an edge. And because the market can just position for its position itself.

[00:31:40.23] - Speaker 1
And you by having monthly queue data, you can take full advantage of that. And for all the other stuff, you need to heavily rely on your understanding of options plus using the Mentor Q data. Right. But for earnings you can really make a lot of money in very, very short time because time is money. And this is. That's. That's why we talk about that. That's why a lot of people are interested here. If we just take a look at this, what I've brought with you. The first thing is you see three money bags there. What does this mean? Basically that Amazon, Meta and Comcast are three. Are three companies that normally the volatility collapses. So if we go back a couple of sentences. I said till the earnings date of the 31st or respectively the the 30th year for Meta, volatility will go higher from what it is now. So if you were buying a straddle, you might make money. Doesn't mean. So it's not always happen because that theta is working against you. But normally these are short volatility trades. What do I mean with that? That you sell strategies that the trade, the move, the implied move, what the market price is in.

[00:33:04.02] - Speaker 1
And this, please check this live before you take a trade might be below that. But the implied move here, you see for Amazon for example is 5.83. The average move is this. This means we have. These are not the exact numbers. This comes from more data sources and even longer looks at earnings that implied volatility crashes. Why does that help? Because if you sell high premium, just the IV crush will help you offset price movements. Well, this is a very simple way of playing that. So how could you play that? You could play that with Iron Condors, Butterflies. These are short strategies. Or you can go back into Mentor Q and we will do this in a couple of minutes to choose a right strategy. You can go directional. Yes. With a swing model or just take a look what Mentor Q shows you. But this is something here I brought for you here. And we can. I can share some of that stuff in the discord if you know, just as a habit in the back of your mind when you start doing your due diligence and maybe what to trade. This is just some idea that these stocks might move a bit less than the applied move.

[00:34:30.26] - Speaker 1
So these are trades you can do with calendars and other stuff. Okay. So I will pick out Amazon and Meta and Apple. We will start with these two and we should take a look what Mantiq is telling us about them. So here we have Meta and we have Amazon. These are the two big ones and I think it makes sense to pretend that the earnings are tomorrow and that basically we would be setting up a trade for them. How would we do that? What would be the play? We know just from what I showed you that basically this stocks move normally less than the implied. And this has changed because for example Meta was one of my best, best earnings trades of all times. Basically just like risking, I don't know a contract 2k making 6k on the contract. So if you had like 10, 20 contracts you were waking up in a big smile. But this doesn't happen every day and things have changed. Meta, Microsoft has stabilized. This doesn't mean that this will happen. So what is the first thing we see here? The first thing we see here? Positive gamma condition. This is nice because this means market makers in this regime keep things calm.

[00:35:55.26] - Speaker 1
We like calm and. But we still like that the premium are going up and we can sell premium most probably seasonality is even good. This might help. So this tilts a bit to the bullish side. Momentum is high so we need to see where is the momentum. Is it positive or bullish or is it negative when opinion is high. So these things tilt to a bullish trade. If earnings for tomorrow what do we see here? We see a bit less green than Google and this is important if you set up for example if we had earnings on Monday you need to look at these expirations here. You need to take a look how things looking in the gags and the dax. Do we see any changes? And yes, here everything looks positive but for this expiration and for the following we see a slight, slight change here that the market is getting, getting is. Is a bit, a bit hedging. But you should always put it into perspective. That's why the, the metrics is matrix is what I love so much. I use it every day. I can't live without it anymore. If I trade, you see here 42 million out of 20, 29 billion.

[00:37:17.18] - Speaker 1
So the change is there. But you have to put these things into perspective. This is important. And here you have the levels. So if you feel, you know that I told you there is a volatility crash and we have a lower move. What would be a good example of trading? That the easiest thing would be to take the expected move and maybe set up an IRA condo There or a butterfly centered around a bit higher than the volume level. And take these into consideration. That would be a very easy trade. If you unsure if you don't feel good managing managing basically options for leg options. While the market might be wild, the other easy thing is what I showed you is on that day look at where the market will be in five days. So you have three options here. If you. If you read all the data bullish and you believe in the ivy crush you can go very close to the level even at the money and play the bullish card. I wouldn't, wouldn't buy a call because theta will just burn and it will collapse. I most probably would sell some basically at the money or in the money bullet spread or even a cheaper and put broken condor.

[00:38:49.05] - Speaker 1
The other thing is you can place here around this lower band. You can place your retrait. It will be 1, 2, 3 risk risk 3 to make 1. Something like that right now which is not that bad. The next thing is what we should look how the market is seeing things right now. So if we place the trade we see market is still more bullish than bearish. And then let's go down to my. My deck. So Dex is really really really important really nicely places it looks more bullish. So most probably if nothing bad happens we should go up. But we should interpret that also. Interpret that also. The market is positioned here to basically, basically keep things calm. And what do we see here? You have to. You have to. You have to see the things here. So everything which is below the spot price now we going away a bit from earnings. So we go to the post event. Let's say you've put on a bullish trade. We can put on one afterwards. But what will the market do? It will move around and if the earnings are normal it either goes up a bit and goes down a bit and fade and nothing bad or good will happen.

[00:40:15.12] - Speaker 1
So we stay in some range here and then the levels kick in and then the market makers will hedge or accelerate the move. So 700 level big support here and these are magnets here. Targets. These are targets here. If we get go there above that this is something it's. It's more the probability that it will hold after we have a move there is higher than it is and we don't have a lot of targets here on the negative side. So this is good. So this gives you confidence even if you say you go non directional to tilt a bit bullish. The other thing I would check here before I take the trade is where are the. The swing levels? Do they align with my break even point? And the other thing is what we can do is I'm basically let me take a look here and in here a bit. Take a take a look at the. The skew what is happening. So we had a call bias and by this year you see that the market is preparing also for a potential downside move. If you have followed matter the last two, three days has been not moving that much.

[00:41:31.07] - Speaker 1
But basically it's not that it's not not moving that fast and that strong as it has done before. And one last thing. What is. What is the thing? I would be definitely to be looking and maybe go down a couple of days see how volume and open interest is changing. This is very very interesting here. You see the open interest here. This is what is already there. And you should take a look at what is happening. The volume is what is rated right now. And you should see that the market is adding a bit here but it is also adding here which can be a bullish acceleration but also a bit of hedging. And if you combine this with what I told you before that meta in the last couple of years normally stays in the implied range. You can pick your strikes for anything you want. Either you say you play the calendar or a double diagonal. So these are like an iron condor with different exploration wings and all that stuff. You can factor in all these nice levels multiq gives you and you can if you go out in time you can take out numbers here.

[00:42:44.20] - Speaker 1
You can very nicely find your supports here and then you can really put up nice trades you can manage. And one last thing before we go over to Amazon and then take a look at Apple is if you choose to play short volatility. Most most of these trades are normally the same week exploration because you want the full effect of Ivy Crush. If you take on more risk and you say I know what I'm doing and you play strangles or very wide and butterflies with 1, 2 standard deviations or 3 times the credit you have received in the middle straddle your wings are 3 times X out then you should think of one thing. You should definitely think of one thing. How can I manage that? And there mentor queue really helps you because after the event happens you should have a plan what to do. I showed you Google which is a no brainer didn't need to do anything. If you have a trade on which has which is basically the risk is already in the trade. Like with the calendar spread it's the whole debit and just leave it to bleed out. But you can manage that.

[00:44:10.15] - Speaker 1
Or if you have a trade on like simple put bullput spread like we could put on here just by using the swing day model here. Put a break even point and you will have let's say you make $50 and you might lose 180 or you might lose 100 depending on the risk return your broker shows you on that day. The thing is if you have something like that then you already know your max loss which is good. But if you don't want max loss you should have a plan how to adjust. And this is what we will do in the next sessions to help you understand, to help you use monthly queue data and to avoid even if a trade goes bad we will show even trades where you should just let go and redeploy. It doesn't help. Yes you can roll forever, you can roll until eternity. But sometimes it's better to free up capital and to just see and find new opportunities from the screen mentor provides. Are there any questions right now?

[00:45:19.18] - Speaker 2
I think there's one question about Apple.

[00:45:23.14] - Speaker 1
So yeah we will using. Can we take a look at Apple? Yeah. Okay. So we can go over if we have the questions. We have the question alive. Oh okay. Okay. So what do we see here? If we just take a look at Apple we have a couple of days left but let's say the trade would be now we see opinion is very high. It's like has made a return. It was really underperforming the the V market and the taco trade and the momentum is high. Volatility is neutral which is okay but it should should elevate with earnings coming up. This analogy is neutral so we can't bet on that. So the first thing is we should take a look again at the metrics. So what do we see here? The total exposure the gags is positive. The tax is changing. So you see a positioning on the other side and for the closest expiration we don't care because we know the the trade is happening here. The expiration is, is. Is basically before after this week so before the 1st of August. So basically this just gives us hints but we don't care. But we can see these changes here because we see a drop in these levels.

[00:47:00.22] - Speaker 1
We see increase here but we see a drop at the high volatility level and put support goes up so things become tighter here. So these are the levels you should look in general the regime is still very green. This is something we can easily read from this my condition here. So Basically yeah. The trade could be if you want to have a bias should be basically a relaxed spread. You can put a spread on here using the 20564 as a breakeven point pretending the trade would be for tomorrow because earnings were happening today or before market open tomorrow. If you feel you can't manage that but you want to take advantage of iv, you can even do basically diagonal spread. So sell a 205 put here and buy 200 put 1, 2, 3, 4, 5 weeks out. Or if you believe like I believe that Apple won't move that much you could build an. You could build a calendar spread around that and why calendar and why call and we will see if this if, if I'm right. Because if we believe the market should stay in range and we have here the risk trigger so this is something to keep in mind or the break even point of a calendar.

[00:48:34.02] - Speaker 1
You can if, if you even believe you go higher you could even sell the 210 and buy the 210 out for a calendar. This is the thing. If you believe the market tilts up a bit then if you play time spread it's good to position yourself a bit on the side. The thing goes up if you don't.

[00:48:55.25] - Speaker 2
Again this is not training recommendation advice.

[00:48:58.29] - Speaker 1
No, no, no no no no. This is just like ideas. I don't even know if I will take the trade. So this is just like things you can think about. This is just me doing due diligence by using Mantaq basically data. Another thing you can do, I've said that a lot of times is if you want to go non directional you can use the lower band and the wrist trigger or placing the iron condor. So basically this is something you can put on and we have showed this in previous session. Please go back there and take a look. So from overall the things we have seen right now we see that we will go into the DAX again the same picture here market is on the upside. Yes but these are also targets. So this looks good if Apple doesn't. Most probably if we're lucky it's a nothing burger and we can just collect credit. If Apple just says we have no idea what will happen with AI yes they might dip hard but this is something we can't foresee. So be prepared for everything. So another thing we should be looking at and this is a bit different from the equity we looked before.

[00:50:20.13] - Speaker 1
You see here we go more to the core bias and how can you interpret that and then we will go over to another feature few people Use and we will see if we can find something there. Basically we see here a call bias and this has shown basically that Apple is basically good. Like you have seen here. It went up when we went heavily into calls here, we were still down here and after that, boom, we went up. Like if you had just look at, looked at this here, at this here, the 200 you could have basically sold some creditor or credit here or even if you were adventurous just bought a long call which I don't advise, maybe a debit and spread here. And boom, you have nearly 15 points on Apple which is a lot. This is, this is like a big move. So you can use the longer one month and three month perspective. And let's go one, one last thing. Open interest and volume chart. And you see this is what is here and the market is adding here in the middle. So again why is that? Oh this is aligns at least with what I've seen from past earnings, from what I've seen from the volatility crush that normally Apple stays in range.

[00:51:50.08] - Speaker 1
Just keep this in mind for your due diligence. I can't tell you what you should trade and I would never do that because I don't know, it's not my job and I'm not a financial advisor and I believe everyone should do their own diligence. But everyone has a right to have good data and LQ provides this, this is another nice one. You can see how things are in perspective. Ivy and the open interest how things are changing here. So please use this for your own discretion. So another thing we will do is basically we will go, I think it's hidden here. I'm right, maybe I'm wrong. Yes, there we are. So unusual call option. Let me take a look. So let's see, maybe we will find Apple. This is a thing which I'll do. So nothing here to look at. So we don't get anything here. This doesn't mean anything bad optional activity. Yes, sorry, I just went to the calls. So let's see if we find Apple. So if there's nothing here, this means we don't have any weird moves ahead of us which is good. So we can just use the, basically the, the, the basically man the Q levels.

[00:53:16.02] - Speaker 1
But another thing is please come back here the day before the event on the 30th, I think the event is on the 31st. Come back here to take a look to see what is happening here. Because most probably the action will happen then, not now because you see here, you see other, other, other Option unusual options for trade with and or are going to happen because we have as you can see here still a couple of days here is most I remember the Apple event is after market close so please come back here and here to take a look to see what is happening, what is there, what maybe the models unfactoring yet but the unusual options volume is tilting too. So if you see everything you see a change in in. In in the open interest and the volum puts and far out of the money plus unusual options activity for Apple here. This could be a sign that someone is at least hedging for a big move. So maybe you should rethink your thesis. This is all basically one can say about that stuff. But to wrap that up basically Mentiq provides you with everything you have here and we just did a very brief intro intro into that.

[00:54:44.07] - Speaker 1
We have done other sessions about earnings. Please be advised to go back there and back there how we talked about things, how earnings can happen and Fabio showed some really really nice backtesting how you can just like by using the five day swing model create your own basket of nice options you want to trade and write this basket traded and with the statistics there you can sleep at night and nothing bad can happen if you just take basically trades which have the max loss already factored in. And if you want to trade advanced strategies and don't know how or have questions please tag me in the discord. And this is very, it's very alive there and a lot of people are doing great stuff there so you can use the, the place there and we will add more content and one last thing and then I'm. I'm finished. I did a questionnaire there and we read what you answered and we heard you. So from the next sessions on we're going to build even more than existing into depth approach into options and always using mentor queue and risk management as the highest standard of this and aim and again be advised everything I said today this is no advice to any trade.

[00:56:15.17] - Speaker 1
This is just ideas data we have here. Please be able to put the puzzle together otherwise don't trade. This is my, this is my best advice I can give you. If you don't know what you're doing, please don't do but if you know use the data right and if you have questions feel free to reach out anytime.

[00:56:35.08] - Speaker 2
Yeah. And yeah thank you Dan. I think that this was awesome and I just want to remind everyone that so one of the goal for us is to help you use the data and understand how you can leverage the platform. So we put together basically free sessions for everyone. So for those who are not part of our mailing list or do not have an account with us, just go to mentor q.com free create a free account and you can join all these events that we do on a weekly basis. So for those based in Europe, we do have a morning session for you guys at 9, 9am European time where we basically look at the data, look at the levels. We also have a pre market playbook Monday to Friday, 8am Eastern and then we also have post market deep dive at 2pm to 3pm with Patrick. So all these sessions can be get access for free. Just create a free account and then if you also then want to get access to our platform then you can use the coupon code LIVE25. We have 25 coupons available for today and basically you can go under mentor Q.com pricing and you can access all the tools that Don showed you today.

[00:57:51.26] - Speaker 2
But again if you don't, if you, if you just want to learn about it, just join our free session. We can answer question live and you are gonna get access to traders with 20 plus years experience. So it's a very good opportunity for you guys to actually learn on how to use the data and how to improve your training skills as well, which I think is great. So again thank you Dan. And yeah, we're gonna spend more time on this in the next few sessions but if you guys have any questions please send us an email at info mentor q.com and then wish you guys an amazing weekend. And then next week we're going to be packed with events so stay tuned and join us on our lives.

[00:58:37.18] - Speaker 1
Yeah guys, trade safe and don't over trade. Keep it simple.

[00:58:42.10] - Speaker 2
Thank you Dan. Have a good weekend.

[00:58:44.08] - Speaker 1
Yep, you too. Bye. Love you. Bye Bye.