How to find options ideas using Quant Metrics in Quin

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

[00:00:38.00] - Speaker 2
Welcome back. Happy Thursday. Today we have a really exciting session together with Dan. Welcome, Dan. Always a pleasure to have you.

[00:00:48.22] - Speaker 1
Hi, Fabio. It's been a time we've been in contact but we haven't done a live and I'm so excited that we can finally do something on Quinn.

[00:00:56.12] - Speaker 2
And so today you have a new toy, Dan. I know you've been playing with that with Quinn over the past few days and and I'm really excited to see what you got to show us today. So the goal of today's call is to show you guys how to use Quinn, which is our new AI, our new quant engine, to potentially find opportunities for options trade, to run research and then to find, of course, stocks or assets that you are potentially looking to trade. So Dan is an option trader. He focuses a lot on credit spread selling very complex structure. So today Dan is going to show us his process and how to use Queen to find opportunities. So take it away, Dan.

[00:01:49.25] - Speaker 1
Thank you, Fabio. So the thing is, where to start? You could do so many stuff you see here on the left side. I been playing around with Quinn, giving it tasks and everything, trying to put all my framework into it. And I've been asked by members to talk about trades and or give me trade ideas. But in the core, Quinn will exactly do that by helping you research and you do your due diligence. This is something also Fabio stated in his great session where he explains what Quinn can do. And I'm very thankful to Fabio and all the team that they were able to integrate one or two things I really focus on, especially in my volatility trading. So I don't need to explain Quinn, but maybe two, three brief sentences. If you haven't been able to listen to all the great stuff which has been done with the Quinn 0.2, this is something we have to state. It's far different experience than you had before. It's not worse or better, it's just totally different. So I will explain to you why it is better and different and what I do and then we can deep dive and take a look and if you like, you can share your questions and other things.

[00:03:12.03] - Speaker 1
But in the end, like I stated in the discord many times, it's not about giving you trades or things you should follow. We want to empower you to do the same thing that professional traders do and giving you and this is Quinn gives you a real desk. So Fabio explained all that. So I would like to talk about structure today especially what is my framework. A lot of people have been Asking me, I've been giving them insights. So the first thing I always, always, always try to explain the thing. And you will see it in one of my. My chats here on the left. What do you see? The. The latest two chats is find liquid. Find liquid Liquid. So liquidity. I will look at the regime, maybe a swing, breakout, trade. Positioning is important. And we will talk why key levels matter. This is the core in the core, what Mentor Q has been about and from the beginning of giving you levels that you can trust, levels that evolve. And we will look at volatility. And if you want deep dive into volatility, I can only indulge you to do so by looking at what Ryan has been building up with all his videos about volatility at the volatility corner.

[00:04:33.22] - Speaker 1
And he explained how to trade volatility with Gwyn. So I won't deep dive into that. Just show you the metrics I use and which are important, which I coded things on my own, but I don't need to use that anymore because Fabio was so kind with his team to factor that in and give you also maybe an edge when deciding is this a good trade or not in your examination of the data? Because this is what Quinn does for you. It does everything we did before, manually or with some AI which didn't understand us, it does it for us. And we will look at structure, selection and importantly management. And basically, I want to emphasize that today we will mainly talk about structure and if there's a need and the wish by the community here, we can deep dive into, into things later. And what I told Fabio beforehand, and what I promise you is I will test it as much as I can and put all my trading style into it. And I will try to show you what I did and let you take part of this journey for certain, maybe project trades so you can see what Quinn can do.

[00:05:57.17] - Speaker 1
And it's not about copying me. We should never copy anyone. We should find our own style and maybe try to find things which work for us. So, Fabio, anything you want to add before I start to take a deep dive or something else?

[00:06:17.04] - Speaker 2
Yeah. So I think the key point here is that why is Queen going to be a game changer for you guys? So I think this is not another, you know, like AI chat wrapper. Right. So I think the important part is that with Queen, you actually access a framework we've trained Queen for with our own internal data, our own training journals, our own research paper. So everything we built for the past 20 years has been put into Queen. So Queen is kind of like an analyst, a research tool that has been trained with 20 plus years experience in institutional training. That's the first part. The second part is really the data. So if you use chargeability or Claude, you need to give it data, you need to train them or to read the data, you need to build the data structure. So that's a very complicated task. And third, I think what we solved is the problem that a lot of AI tools have, which they are very good at managing structure, unstructured text. So if you ask an AI give me an explanation of something, they can read it, they can really give you a good idea.

[00:07:32.21] - Speaker 2
They can write emails, they can do a lot of things with unstructured text. Right. But when it comes to structured data, AI starts to have issues. They cannot really manage large quantity of data, large quantity of numbers in a way that you want it to be. So sometimes you get an answer, but the data that you see is completely wrong. So there is a lot of hallucination risk. That is obviously a big problem in AI currently. I think what we've done is we have built a framework and a structure that will limit that. So you'll always get the accurate data direct into Queen and you can always cross reference that with the dashboard and see the accuracy there.

[00:08:15.21] - Speaker 1
Yeah, wonderful, Fabio. And I want to highlight something basically, and I pinned that also in the discord. This is something before we deep dive into that, I will try to also share that one second here. If you find this, the documentation and prompts. I know everyone is excited, everyone wants to start and everyone has an idea which is perfectly right. But I always think it's important to see what this can do. And for example, something which was important to me, which I had to go somewhere else to do it, and now I have it here because I want to be at one place, I want to have my life easy. I don't want to spend a lot of time searching things and you see how many things you can ask Quinn to combine and to do different things. But we used, we used to vrp, which is an amazing. This is the core basically of volatility understanding if you want to sell Premium. But I also use nvrp and I will explain in a second what it is. But I gave Quinn basically a task to explain it to us. But I will do it in my own words.

[00:09:35.09] - Speaker 1
But as you can see before you use something and see what other traders do, traders like me, then basically you can use and should use Quinn to explain to you things like if you See me today searching for. I will give Quinn some prompts to help us and then we can deep dive into that. But for example, there was already an article a few people noticed and time back on MENQ which talked about that what NVRP is and why is it important. And I talked with Fabio and try to explain and why it's important to me. And basically if we go back and you see all the explanation here, which is okay, but to break it down like if you want to sell, if you want to sell basically premium, like these days it's. It's good. Like there's the war, okay. The market is shrugging it off a bit, but not totally. A lot of people just trade high iv. They look for high IV rank and they do on and off volatility readings. But you have to be more precise with that. It's like with the expected move and everything. Things change, things shift.

[00:10:51.00] - Speaker 1
So basically what is the core of selling volatility? We want to know if volatility is rich enough from the relative to the realized volatility. This is very important. We don't have to deep dive into that. I'm just trying to give you explanations. And basically we have to see what the richness is it meaningful across different names across a sector. And this is what Quinn can do before and I can talk just about myself. I would have a list, I would see what different stocks were doing. I could look into ETFs and I could get a sense. But this is what Quinn can do for you right now. So basically if you take RAW VRP as we have been using it for many months here, it is very useful. But NVRP helps you to see how there is a relationship in the richness. And you can just cross references with other names and get a clearer picture which of all these great ideas. Because in the beginning everything is an idea can turn into something where you have a mathematical statistical edge. So in the end we don't want to trade high iv. We want a tradable richness.

[00:12:09.12] - Speaker 1
And this is exactly what we going to do. I don't know if there are any questions here. No, I think not yet. We can, we can go on with that. So let's maybe try to give Quinn some, some things to do. I prepared some things for Quinn. We can also deep dive into things. I did and maybe Fabio has showed that. But before I show you what I do, you have an easy chat. You have inspire me. For example, Fabio showed all that. So we have a lot of people new here learning options coming from stocks, futures, this is where you should drift to. You want to learn about options, you can go here and. But basically you want to learn about Mentor Q and about options. How can I use Mentor Q for trading options? Such a simple question. But this is the beginning of an amazing journey and a lot of people started that journey with a lot of excitement and it ended in pain and losses. If you do it right, you will basically get all the answers here. So if you are used to swing trading or you say, I don't feel safe to go to zero dt or I come from futures, everything is very faster, then maybe swing trading something for you.

[00:13:35.06] - Speaker 1
So Fabio already showed that this is so easy and I've really deep dived in some of these ones and they just like you get hooked because this is what it should do. It should help you research better. And before you research, you can learn. So another thing Fabio showed here and we will look at that later how we can do this better. Like swing traders, you want breakout trades. You can use one of them. This one's here and you can add your own, your own filters. This is a great thing we will also do. You can if you say, oh, I already am really good in trading stocks, I just want to set up Iron Condors. I don't have much time. I want to go by Market Cap. You see here, it's, it's organized by market Cap, but you could also go by VRP and everything else. But Market Cap is always, always a really, really great way to do that. And we can deep dive into that and you see more stuff here and this is everything you need. So this is a very simple way. But let's go a step further and let's give Quinn something to do.

[00:14:50.11] - Speaker 1
So I gave Quinn a couple of things I'm looking at and let's see what it will make of it. So nothing is perfect. It just gives us an idea. So basically, you see what I asked for. We found six stocks which show swing bias transition. Why did I do that? I did it because this was something I was doing. Do I need to do that? I could go back to explore because Fabio already showed that there's already screener which is ready which will do the work for you. But I went a bit further and I asked more questions about vrp, about IV percentile. And in the end you already have here a very nice metric here where you have premium selling into ba, into V and everything. So we could further go down into that and basically let's say we want to sell premium on Visa Deep dive into Visa and look at NVRP and NVRP three months. Just simple stuff. We start with few metrics like we don't need to overload that. And why I'm showing you that the most important thing is if you start a new start with the things which are already there.

[00:16:22.04] - Speaker 1
If you are an experienced trader, then take what you did every day, structure it, prepare it and give it to Quinn. Maybe in many steps or in one step, if this is possible. So we can take a look here, you see how much data Quinn is giving us within seconds. Like I used to do that stuff, I used to collect that at some point AI came to my assistant assistance. But you see the price has been declining into rising. Nvrp, cheap options, more expansion of options. So strategic. Strategic is moderate, not compelling. You see, it gave us, from what I asked, it gave us, from what I asked, it gave us an idea which we might have found something else. So basically we started as an idea for premium selling. This is something I do every day. But again, the NVRP and the other metrics, they, they showed us where are the risks. And this is something I want to emphasize today. Trading furthermost is three things. Great data and knowing how to handle that. On the one hand, having a plan. This is also Quinn can do. And Quinn can also help you with mindset.

[00:17:47.21] - Speaker 1
And if you have the mindset, then you can set up a trade. So the mindset should be in the end you have your idea, you have your screeners, you come to your research results, you challenge this result and then you pull the trigger. There's nothing to think about because you have a plan how to manage. We will look at management too. But I think Fabio, this is a great example where we start with something general. We deep dive and if we just had taken the simple metrics we know from other screeners and everything, we might have been selling into Visa Premium and be surprised that in the end this is basically not the highest conviction short premium result. I don't know if there are questions or someone wants to ask something, but I'm trying to show you that what you had to do in many steps or find out in real life by losing money. Because sometimes the stock moves and you don't know why, or a stock doesn't move and you still don't make money. Especially on Vega trades, volatility trades. Then in the end all these trades where we sell volatility are time trades because we believe that volatility will come back and in the end we will collect time premium Are there any questions, Fabio?

[00:19:09.09] - Speaker 2
No questions so far.

[00:19:11.02] - Speaker 1
Okay. Is there anything I, I, I forgot to add here because otherwise I would go on?

[00:19:18.08] - Speaker 2
No, I think it's great.

[00:19:19.26] - Speaker 1
Okay, so let's go on. I have a master scanner. I call it something I've been working on. I, you know, Quinn is live for a couple of days. I was able to see a bit what Fabio is doing, but this is just the start. So I just wrote myself something which I do like neutral premium selling strategies. Let's give Quinn another new task. We could have gone on in that chat, but as I've stated many times, I believe the best way to trade options, if you can do it and the regime basically allows it, is to trade non, directional, not only on earnings, but in many cases for a simple reason. Because you take advantage of volatility. You have time trades on your hand and yes, breakout trades and trades like where you have some stocks which just really go up or really go down. Yes, you can make a lot of money on that. But in the end we want rinse and repeat. So we want statistically to manage our trades with not much time on our hand. And in the end it's not only time in trade, but in the end it's how much time you spend basically building this trade.

[00:20:45.12] - Speaker 1
You see, and this is something, why I chose that this is something I would do in many steps and I put a lot of stuff in there. And this is why I like Quinn. It just didn't tell me this is somehow result or not. It said it's too strict right now. This also gives me an understanding what basically the market is doing. So let's go further. It narrowed some things down, explains to me why what it narrowed down and it gives me basically some context. And this is absolutely okay. If you are an experienced trader you will understand that if you are novice here and you, you, you, you, you try to understand what I'm doing here, you would be saying, okay, he gave Quinn a question and it couldn't answer it. What is going on? No, we're in a market which is driven by many factors which have a lot of uncertainty. Yes, is pushes volatility high. So if I had just asked for high volatility trades, we would have a lot of trades. I trade ideas here, but I'm more strict on that. I want quality, I want things to work which I don't need to worry much.

[00:22:00.24] - Speaker 1
I maybe just look at them, maybe have to adjust a bit, but I'm having a plan. So in the end I don't want to babysit anything. Like, I want to live a life. So that's why I'm using Quinn. So basically, and this is great, this is what you read if you just open a newspaper or read what Fabio and his team have been sending out to you. Limited ideas setups today. Is this okay? This is absolutely okay. Because we don't need to have a lot of great ideas. We need to have few great ideas which work. If you have 10 ideas and half of them are losers and half of them are winners, then you should. It's a flip coin. It's a just. You just flip the coin. If you have two or three great ideas. This is all you need. And you just need to repeat that a lot of time. So what do we see here? All candidates show bullish swing bias. This also tells us something about the market. We see risk in the market, but we see a de risking in the market. So this is very important. So this is a selective environment, only a few names and like if we look at intel, we have very strong gags, elevated VRP and VRP high IV rank expected move.

[00:23:17.29] - Speaker 1
Everything is here, good option volume, the price, all the things which are important to me. So it already gives us a structure here so we can go further down recommendation and that let us deep dive into intc. And the idea you gave me about the what expirations are we looking at? What are the risks? What can I adjust to manage winners at 25 or best case, 50%. So this is what a lot of people forget. They want options to expire worthless if they're selling. This is not the way to go. The way to go is basically take 20, 25% and then you're fine, maybe 50%. And this is a great stuff. But you see here, with a little bit of work preparation, things I've been doing for years, I was able to get, let me see, five ideas. And if I take one or two ideas, in the end I'm very happy. Like I could have taken Oracle. This is okay. But you see here posing force. And I like when the things are here. Oh right. You see things here. We talked about this, the G expiration. So we have the bullish bias here.

[00:24:52.05] - Speaker 1
So let's see what it will give us. This is very important and I love that the risk reward breakdown so gives us the standard deviation. If you don't know what a standard deviation is, we have the bell curve and basically we have a statistically average of 70%. 68. Basically it stays there and then we expand. This is other basis in the Expected move. And like I love setting things out 45 days out so we see how much theta you can do. Gamma is low, Vega sensitivity is high, which is good. So everything I want from a trade in this way. So it already gives us here ideas how we can manage that. Things we should think about maybe things we can skew maybe to the upside. We have a strong momentum, we have good option score. So this is something which could go up in the end. You could say Dan, why don't you just have a bullish bias here. But we are living in a short term market. Some people say fake rally, I'm not so sure about that. But there's a lot of risk there. Yes, you can lose on both sides. But if you have basically a non directional trade, you trade volatility and you trade time.

[00:26:19.13] - Speaker 1
You don't trade direction. And this is a trade which basically it. There is a bullish directional pressure. But we can take advantage of that. We can collect premium and then we can move out. We can roll our strikes when we can roll things up. So this is a very nice trade how you can do things. And now that you see the magic basically of, of Quinn where it gives you, like I said, 25% and 50%. So this is something I want to look at. It assumes we can give it concrete numbers in the end. 45. This is the debit to close and everything. So this looks really, really, really nice. Are there any questions? Fab.

[00:27:13.17] - Speaker 2
Can you hear me?

[00:27:14.18] - Speaker 1
Yes, I can hear you. I don't know if there are any questions. Okay, no question. So, and this is the most important part, we will deep dive into management. But adjustment first. First rules. Don't chase losers. You can roll or take a loss. But in the end it gives you already an idea what to do, how to collect extra credit. And you can double CH with Quinn. You have the decision tree here, the tier one, the tier two. And in the end you also have the probability of profit and everything. We could also ask of, of the probability of probability but this would take it too far. It's a very complex, complex theme. But in the end you see the gamma risk mitigates and everything. Like if I had to pay someone for that, I would, I wouldn't keep a cent of this trade. I would have to pay someone who knows about that stuff to explain as a retail trader which doesn't have much time to do these things for me. So and this is especially, this is what I love. You have key risk warnings. This is things you have to take a look at.

[00:28:31.14] - Speaker 1
Like it prepares you with a trade, it explains to you when the entry is good post opex where the accumulation is. We could add that. Basically I want to enter basically after this Friday and I want to manage a 21 days or roughly there, the latest 14 days and it will help me do this. So in the end, well structured and it gives you an exact plan. What else do you want? Basically, in the end I can write you prompts, I can prepare you everything and then I can vanish into thin air. And Quinn will manage all the options section, I think. Are there any questions, Fabio? Here,

[00:29:22.16] - Speaker 2
let's see. I think. Yeah. Do you have.

[00:29:25.17] - Speaker 1
Okay, let me see if I can.

[00:29:28.23] - Speaker 2
Do you have in the screen? I don't know if you can see it.

[00:29:34.23] - Speaker 1
Yes. Do you have a formula, for example, using Delta VIX wingspreads for setting up LMT offer on an rc? Yes, I can provide you with this. You can tag me in the discord and we can do that. And before you do that, think of the metrics I showed you this year. Just as it's not that I'm lazy and I will help you and I want to help you because this is what we do here, we learn from each other. Take this here, take your question and I don't want to make it difficult, but take your question, like you said, put it there at Quinn and ask it which of these, which of these metrics would be helpful to find a result. And if you have a result, if you're happy with it, please share it. And if you have questions, share it with me and we can deep dive how we can make this even better. I think this is a great approach. Okay, let me see. There's one question you want to close out at IC25 profit. I have been doing 50, 55, but maybe I should close earlier. This is just experience. It depends how much you do.

[00:30:48.17] - Speaker 1
Maybe I should. I have a management section later where I will talk about that. First things first, I love Iron Condors because they prepare you for the unexpected. I always have my portfolio hatched so I'm super relaxed. So I will also do a lot of short strangles which I prefer because I just have to adjust one option but for the sake of it, for non ETFs or non S P100 trade trades, I will do another Condor just to be prepared for any weird news. And 25 is something I use like as my first threshold for profit taking. Let's say I have 10. I would take 2% of my buying power. And this is something which Quinn can Help you. But let's say I have taken 2% of my buying power for this trade and I will divide it into the threshold of taking like 50 to 75% of this buying power back at 25%, leave let's say another, I don't know, another 25 on the table, take off the other 20% at 50 win rate and leave 5%. As a runner, I would say like that into the last 14 days. If I trade out 45 days, if.

[00:32:13.14] - Speaker 1
I hope you understand what I'm saying. What I won't do is holding till the end even if I believe there's a high chance of a pinning because you never know what I could do. Leave the 5% and don't care about it. If it's house money and if the if basically the max loss on the 5% iron condors you have left on is less than everything you have made so far, then do it. But I always believe why risk 95% of a nice win if you just to squeeze out the last drop of it never helps. This is at least my experience. But what you do is, it's not wrong. It's just a different approach. And I'm very happy of taking 25% and having a high win rate and basically this is how it works for me. But it depends also on the trade. Like if I have a SPY trade or something else, I might leave it longer because liquidity is always there and the expected move is very well calculated, very accurate and it's like the whole market and you see shifts earlier which makes things even easier. And like I said, I trade short strangles.

[00:33:28.25] - Speaker 1
So the approach there is that you can easily adjust and it's not that you don't take a loss, but if you use the data right, losses occur very rarely. Okay, so I'm selling Spider SPX ic. So I don't know if you do zero dt like a lot of people or if you do them further out. This is a great way of profiting, especially intraday. You can do them on weeklies. I do weekly calendars on that stuff. Diagonals. And in this volatile times I will place a lot of cheap flies somewhere. And this is where Quinn can also help you. You can ask Quinn which are the major pinning points if you have a day plan for Spider. But I think Fabio, we don't need to deep dive into that. You had like an 8 minute snippet yesterday with Marie which was exactly explaining how you can have basically a plan for trading SPX and SPY and can you can adjust that by telling it what you want it to do. Okay, so let's go, let's go further. Let's give Quinn something new to do.

[00:34:54.16] - Speaker 2
And so I think then one of the. If you scroll down this document, right? So I think the most important guys is go through the documentation because it's very important. There are 97 quant metrics that you can combine in Queen. So those are all really actionable metrics that go from IV percentile, IV rank, like nvrp, the Q score, you know, the gamma levels. Right. So you can actually combine all of this in one single, single thing. So you can. The other, the other important part, if you scroll up, then it can screen for. We are solving a very complex problem, which is a three dimensional screening. So we can screen for a temporal dimension. So we can screen for things that have changed over time, like you see there. So I'm gonna give you an example and I'm gonna show you this. Right, so we mentioned mbrp, right. So I just asked Quinn, give me the top 20 asset with the largest MVRP increase in the last 10 days. So what you're seeing here is assets that are becoming either less expensive or more expensive. We want to see like how the MVRP changes. So this is really showing you how things are evolving.

[00:36:26.09] - Speaker 2
But you can also do like something like this where with the largest IV percent turn increase in the last 10 days. So again, we are looking for assets that were really cheap 10 days ago and now we're seeing a big increase in volatility.

[00:36:49.23] - Speaker 1
Right? Yeah. And the important thing is, again, like Fabio said, like, I didn't even deep dive into that. But this is maybe one of the most exciting features here. One thing is to have a screener to screen for metrics which are daily metrics or metrics which have changed in the last couple of days. But what Fabio really pointed out is like you can take, take a, take a ride back in time in order to look at the future. And what do I mean by that? The important thing is that if you see this dramatic change to the upper or to the downside in, in the percentile. The important thing is that you can understand what happening there. But let's say we just had the results here. Fabio showed us and we will see more here. The question is you. I remember we saw pool on the, on the, on the 1st as one of the first ones there. So this is a name I have heard about. I've traded it, but it's maybe not the most liquid name. So if you want to trade Something like that. Or we see some other ones. Okay, we see Boyle.

[00:38:09.12] - Speaker 1
We see. Yeah. Ung called all these. All these spiders. Unh. B.B. neo, all these ones. If you want to do something with that and you ask yourself, why is the change there? And before Quinn, what did you do? You could ask your AI, which has some idea, maybe if you have plugged into something. But now you can ask Quinn to research for you. Or what happened to that stock? What is going on? So is there a story? And like, I'm a big fan of statistics, also historical statistics stuff. Things do repeat themselves. Yes, there's seasonality, but it doesn't work always. So we have to understand the context. One of my easiest and favorite stocks over the year where I was selling premium is J and J. Did I do it the way Mentor Q showed me here? No, I. I didn't have all these advanced things at my hand. I had my volatility metrics. But I understood by looking at statistics like 20 to 30 years out, I knew when there was a big move in the market on the stocks and when on the stock and when not. So I knew when we would volatility would statistically go down.

[00:39:27.15] - Speaker 1
And basically I used the time when volatility was high to sell premium to harvest that. But this is very simple. This is like everyone does that. But what is the. What are the 5%? And you have this on your fingertips to understand why there's a circle for this company. And yes, companies change. If we see it. Nvidia, how has it changed over the years? Especially if you look at earnings and everything, you understand that a company has changed in its character and how the market perceives it. But some things are very. It is, it is in the story of. Of a stock, especially even boring stocks which do have times of higher volatility. And you understand, maybe there's a reason for it. Like you have Christmas sales or you have in the summer time, and there is, there is low, there are lower, there are lower sales and everything. And then you can anticipate things, but for that you need to read all the data. But nowadays if you see something, you don't trade it blindly just on the data. If I see something and I don't know about that, I could ask the question.

[00:40:38.03] - Speaker 1
And this is very important. Like you could deep dive into that and understand that. So Quinn won't give you an answer. Is the war over or not? Is oil high or low? It will give you answers based on the data, but you can ask further. And. And this is what Fabio said. It's not a platform giving you ready trades. Yes, it can help you find good trades and help you manage it, but more importantly, it gives you a research, research desk. And I know a lot of people are lazy. They. They want to pay people or furus to make the things for them. But in the end, it's like you can go to your favorite restaurant and they will fix you something which you can never replicate. But it's not about that. It's about everyday stuff. Rinse, rise and repeat. And before we do something, let's do it Warren Buffett way. We have to understand what we do. And by this, everyone has the data at the fingertips. I think Fabio has made this very clear in all his videos.

[00:41:40.26] - Speaker 2
And I think, Dan, if, before we go into that, we actually, for those who are part of our Discord group, we just created a section here under Members Win where users can contribute their own prompt. So today we had a really interesting one from Enigma Shout out to Enigma. Ad Trades sent us a really good one, but I think I want to show you guys this because this one can actually be cool. So this one was sent to us by one of our users in, in the community. It's a very long prompt, but essentially it's, it's there for you guys. So we can go in and let's say we want to do an analysis on, you know, let's take, I don't know, maybe, I don't know, BlackBerry, Neo, Conagra, I don't know many of these companies. Let's do maybe neo. So I can come here and say, okay, like I found, I found the, the asset there. Now let's go here and say give me a complete research on neo, include current positioning, Q score, IV rank, VRP gamma levels. So there's a lot here. So what you're gonna see here and actually, sorry, guys, this is the, the screen.

[00:43:08.13] - Speaker 2
What you're gonna see here is something that would take a selling analyst weeks or days or hours. Like a lot of time to put everything together. Right? So we built our quant engine with a data structure that can help you gather this information in a matter of seconds.

[00:43:26.04] - Speaker 1
Right?

[00:43:27.00] - Speaker 2
So the system is giving you guys the charts from our dashboard that are relevant to the prompt that we asked is going to give us our positioning snapshot over the last few days. So we're seeing that we are sitting at a momentum score, which is kind of bullish. So it's giving us a Q score. Finding what is happening with a Q score, it's going to give us our Gamma levels map. So what are the biggest gamma levels? How far are we from the price? Secondary Gamma levels. So Jax 1 to 10 any key levels to flag levels migration. How did this level change over time? This is very important because when the levels move up or down that can be a bullish or bearish sign. Option activity changes in put core ratio IV etc option flow volume and skew swing model. Right. Are we in a bullish or bearish bias term structure? Are we in backwardation or contango? So I mean this is a really in depth analysis that you know recent news here narrative and then overall structure. Right. And then obviously the summer. So all of this. I used to work for Bloomberg and the analysts that prepare these reports in for for each of the company they spend hours, weeks, days to put together a briefing on a single asset.

[00:45:14.25] - Speaker 2
We did it In a matter of 30 seconds. 40 seconds. Let me know Dan, what you think.

[00:45:31.14] - Speaker 1
I think it's amazing. Basically I was just reading the other stuff here but basically this is what I found. I remember you showing me the first ideas and if you have been part of the mentor Q journey, it's amazing how things have evolved in the last three years. But this is something you couldn't do on your own. Yes, you have your structural trades and I'm not talking about pure TA and other stuff which works or doesn't work and I don't even talk about the levels and everything and where you might find yourself an edge. But this is just like, this is just like amazing and you just get super results. So yeah, I. Fabio asked me how I like the new tool and I just, I just told him that I tricked my wife. I had a long night working and I was telling her that I need to take week holidays but not with my family, but I have to go away with Quinn. So the question was, who's Quinn? It could be another woman. But this is not the thing. This was just a bad joke. I said I really need time because there's so much to do.

[00:46:50.29] - Speaker 1
So if I switch again to my Quinn screener here, I asked here for liquid directional option setups. These are things I will share with you like Fabio has pointed out. And this I think which are high convictional setups and we can deep dive into that. Like it uses all that stuff. So we see a lot of things we already know from the big ones here, the big names here. So this is everything. All the names you would have traded but you wouldn't be trading them. Basically you wouldn't be trading them blindly. So what I like here Netflix which has run up after the non not happening buyout of wbd. It flags conflict data. It flags again high one one highest one day move plus low liquidity here. So you see all these things, it gives you an idea. So this is so simple. Like it gives me a part, it gives me something where I can start. And again we see here NIO with very high premium and we can deep dive into that. So like, like I said here, the best overall I already found that yesterday and I set up some trades on that is Nvidia, which is here, my tier one.

[00:48:14.25] - Speaker 1
And this is something very, very simple. Maybe for the end I have this. I already tried to find something on the question asked. I will try to do this. In the end you can do macro stuff like Let me show you one second and then I would like to deep dive into the management sector management section. Basically if we go here, you've seen me post things in the macro section. Not because I. Oh, sorry, that's. That's the wrong thing. I. I copied the wrong prompt. Yeah, too many things here. Tim is doing an amazing job there. I've learned so much from him. So I just hope I can help a bit from what I see in macro. So this is something I like to scan in the morning just to give me an idea what is going on. So basically I look at this table and I can read the market. So do I get rights from that? Yes, I do. But in the end this gives me basically an idea where we are, what is happening. And for example gold, energy, bonds. These are things I wrote about. And this is something. If you are in trades or you're thinking of trades or what I like to do, I like to trade VRP as a core strategy.

[00:49:53.24] - Speaker 1
I flavor with other volume metrics and I build a cross asset tiny portfolio of three to five, maybe 10 ETFs and away them accordingly to what I see in the market. And you can do this with Quinn. And why is this an easy trade? This is a trade where you have basically maybe gold running up, but something else will go down. So in the end you collect your premium, you can manage these things and if you look at cross asset aspects, it helps you. And before you do that, before you enter trades, it's always important to have a bigger picture to understand what macro is telling you. That's why I. The first thing I always do before I fire things up here I read if Tim has posted something because I like that stuff there and it helps me understand things. And again, you know, you you see here position analysis, strongest positionings, you see structure weaknesses. A lot of people trade the spiders, the, the QQQs and all these things. Like, like Marie showed you can set up AN ES or SPX or SPY 0DT trade plan and in the trade plan these things would be factored out.

[00:51:07.09] - Speaker 1
But I would look at them even more if I have read my own market analysis, the things I which has been prepared. So again, here you see, I like to look at volatility metrics and would I sell all that stuff? Most probably not because this is extremely high and something which I. Extremely high. Yes. Volatility goes back. That's why I asked for nvrp. And we can put this into context. Like you see things here about mean reversion. This is something maybe we can do another time and talk about mean reversion, expansion, expected move. And like I've said before, I trade a lot on the expected move. I flavor with all the levels. But the expected move is something I, I. It's basically next to volatility. It's my absolute core thing to do. And before we close here, Fabio, I want to enter a prompt I prepared for management and then maybe we can look at the question the user had about lmt. Maybe we can give an answer now. So let's take NEO and let's see what it gives us and then I will see if I picked up some things about lmt. Okay, so basically this is really important.

[00:52:51.29] - Speaker 1
If you are in a trade, this is what I would do. You map out your trades, you have made your trade plan and every day and this is like something easy. If you found you have a screener, you have created your screener, it gives you results, you deep dive into them, you take a trade. I would open a new chat maybe and in this chat I would just continue the, the continue the, the talk with, with Quinn and it takes the live levels and it would help me because yes, we want to adjust. We don't want to lose money, but we only adjust if we really have to. But before we do something, we want to understand what, just what is happening. So we talked about this as a swing trade. This would be a swing bias. Still bullish. Still bullish. Consistent. Like you see here, we were bullish with 494. We bullish breached the $5. We had a call wall. Basically here you can see that and this is amazing. Like you see how the call resistance is moving. It moved up, it moved down a bit, but it's, it's still here. So that was the Inflection point.

[00:54:03.04] - Speaker 1
The first point maybe was that the HVL has stayed stable here. But this is something where. Where we would have noticed this trade. Basically a regime shift stabilization and basically the ability to break out. And you can see this here. And if you are in the trade, you can. And you're in a bullish trade, you can let theta do its work. And if this has been not only a theta trade and a directional trade, but it has been a trade in the end. And you see here the momentum increasing. This has been a trade not only for the price to move, we know options move dimensional, but this also has been a trade where you look at the volatility metrics, then you can see that things have evolved. And this is really important to see. So if we had entered this trade, we would have seen a VRP at 27 and NVRP here. And this is the question, would we have sold or bought credit here? And we would have put that into perspective. And most probably we would have in the end bought, bought and done a long volatility trade because we would have been winning on many levels.

[00:55:14.19] - Speaker 1
We would have been winning of price movement. We see a momentum in the price shift, would have won because volatility is expanding bigger and we could easily manage that. So this is, like, amazing. You see the change in the gags, you see the change in the dax. So this is really, really great stuff. And you see that the expected move is a bit lower, which gives us confidence. Are there any questions, Fabio? I. I don't think I see them. No.

[00:55:51.13] - Speaker 2
I think we. We don't have any question.

[00:55:55.12] - Speaker 1
Okay.

[00:55:57.17] - Speaker 2
So I think, yeah, guys, this was awesome. I think it really helps us understand how to start from a. An idea in your head and go into a practice and be able to build kind of like an actual list of assets. So I think we're gonna do more of those. So stay tuned. Tomorrow we also have a live trading session here on X in YouTube. So stay tuned. We also have our promo offers available for you guys if you want to join us. Upgrade and start using Quinn, but you can also create a free account and test it out yourself. You get some limited queries so you can try it out. And I really want to thank you, Dan. This was awesome, and I really look forward to the next one together.

[00:56:45.10] - Speaker 1
Yeah, thank you, Fabio, very much. And I want to answer the last question here. I will post something on the lmt, but I was talking about the Marie video Fabio posted. You can see it on X and you can see it, I think also It's Mentheq in the Academy. Fabio with Anne Marie on Tuesday. Yes, that was the video I was

[00:57:05.01] - Speaker 2
referring to this week on YouTube.

[00:57:08.18] - Speaker 1
Yeah. Thank you very much, guys. And this was much fun. I hope it was helpful a bit. This is just about basic structure and I would try to answer the lmt. And thank you, Fabio, for having me. And I will go on and set up some trades and maybe share something and let me know what you think. I will be checking your prompts and to get ideas and, yeah, tag me. And amazing work, Fabio. Thank you.