Well, hello everyone. It is shooter Scott Henderson and we are going to go over swing trade notes this evening. Of course, at the end of our presentation, please do review our disclosures. Let's jump right into this. So, I want to look at the heat map for the equities. You know, in breath, it's not bad, but it's not what I would expect at all-time high. So, again, we tend to have these rotation groups that we see. The one thing that stands out to me is that cat and deer ramped last week. You know whenever I see you know that that's um usually an indication of the perception of underlying strength. Now what I also noticed is that you know a few of the utilities specifically NE and AE and so pump but then something in the basic material across the board we had a green map and at the same time energy was green and at the same time real estate was green and at the same time everything except for GE but it just pumped 11% so you know the reality the adjusted weekly growth or gain is still over 5%. So and industrial r. So we've used, you know, these are boxes that aren't tech, you know, and Tesla's weighing for one reason because of the Trump relation. So I don't see a lot of weakness in this heat map when I'm glancing at it. I'm looking Apple lots of volume and I'll go through that in a minute. And I'm mapping out AVGO because the count I think there's a lot of upside there. I just do. I I think the names that have not rallied as aggressively with Nvida, you know, have some significant upside, specifically AMD, you know, maybe even Dell because they really haven't had a wash through with AI yet. We don't know what that's going to do. But then I I I just want to come back. Look at the strength in financial. That doesn't look right to me. We have the largest number of delinquent and defaulting retail office spaces in the history of the United States. It's bigger than the great recession was as far as mortgage back security. There's a bigger problem 10 times as question is how does it manifest and am I a part of that at the time? That's always the question I seem to have. But let's look at a couple of other things that I wanted to bring up. Crypto flat. We're at the highest point in M2 money supply we've been in history. Even though it's flat like Kirk pointed out, fact is it's an all-time high. In other words, there are more money in the system than there ever has been before. So why is crypto flat? Typically when M2's money supply pumps, crypto pumps. So what's that telling? I don't know the answer to that yet, but I just wanted to raise that bring that to your attention. Now let's look at the sector strength here. Obviously information technology was strong, financials were strong, industrials are strong. Industrials. The other thing I noticed, consumer staples were really strong last, you know. So I'm getting some mixed signals here. So let me just jump back to what I need to cover. So we're in the right place. So, we closed our Google cash secured puts except for I want to put something back. I didn't really get to review the big beautiful bill and didn't realize that um they got the green light to go ahead with an AI Google search engine. Um I didn't know that. Okay. Then we sold some uh covered calls on Grab just for some revenue. We have an unrealized P&L right now about 1669 and that includes the the mullets that are in there because there's a few of them otherwise it'd be like 30 bucks. But hey, we'll take it. And you know, when I look at the strength in the sector flow, it just I don't think we're done here to the upside. I think I think this rally could build a little bit into the month end. You know, realize it's only July 7th. So, we have 3 weeks that we could just run in this market before we start getting lukewarm at all. So, all right, looking at P&L last week, we grossed a little over nine bucks a contract. I'll just let you guys review the rest what we have open here. You know, KRE is dead. The QQQ's are dead. Unity I want to add to, you know, we're at 26 bucks. I've got $25820 calls and then I have January 44 calls. I want to add I want to add something in there in between that because I like the way it's running. Not sure exactly where, but that's my thought. I want to add something back to him, too. You know, even though I've got it boxed in, that's my take. And we still have our $50 cash secured puts in the VIX open, which we're upside down a little bit on, but hey, next. All right, looking at earnings this week. You know, this is this is the pre-bank section of earnings. You know, we go through this little gap where it's over with and then banks start after this. So, I've got to spend a little more time. I didn't really have the time this weekend to look at that. Nothing in earnings is really on my radar. The expected moves aren't in the level where I like I like 8 plus% expected moves for me really to chase into earnings. That's what I like. A lot of insider standouts in Nvidita, AMD, and Ma. So, you know, BAT or BAC, JP Morgan, and Wells Fargo rotation. They're rotating into that. And then we're still seeing flows into Oracle and AVGO. And that's why it caught my attention. I'm I'm digging down. I mean, we're at all-time highs on AVGO. I I think it has a lot of upside potential. I got to finish mapping it out. I'm not there. I'll post it in chat when I get there, but I'm probably going to put something on with that this week as well, even though it did make it into my swing trade. Now, one thing that I want to highlight, too, is VIX pot on Monday's open and we faded the rest of the week. But that's telling what else what's that telling? You know, everything is a message if we just listen. You and sometimes it's determining, you know, what it actually means or or what potentially it could mean and how that applies to what you're trading. I'm going to leave the rest of that sector information and flow info. Let's just jump right to the chart. Now, what really caught my attention on Apple was the breadth of the flows both from splits and block orders and also the small guys are chasing this too. 50 60 $100,000 contract or positions. So, it's across the board. Everybody is seeing this as an extended flag. You know, we had the retrace. You know, there's a lot of people who entered down here at roughly 195 200 bucks. You know, they're up 10 $14. A lot of contracts at the 200 strike still open in August. A lot of them, right? So I'm measuring a primary wave three up around 238. I don't know that we get there for this move. I I I would like a little jogger knot back to this trend line really for me to get but I'm right now risk 50% of the last general that was on there as far as the 4 hours concerned. I can't actually pop it up on this look but that's my thought. I laid out a couple cash secured puts layout. So the July 210 or you could go out to September and do 210 205. You know there's sort of a middle ground there. I I mean actually I sort of like both because I think it does break out here and those just you know those will just um dissipate pretty quick more aggressive play is call spread we get down to that 205 then I like at the money call 6 to 8 weeks out that's my thought now or delingo or whatever this thing is I like it back at this 371 for the entry only because this doesn't look done to me we're diverging right here so this is probably grouping one we probably get another grouping it could be way out towards mid or late July. So, I might be a tad bit early, but I wanted to throw it out there because it it is potential back up to 560 from 370. So, this is a longer term swing in my opinion and those are something that I want to start migrating towards as far as the setups. So, you could sell a July 355, right, which is pretty deep. We don't expect to get down there, right? Um or you obviously you can wait till we get down to that 371. You get a better price. Or you could do something directional like a call spread, you know, maybe a 370 by 480 and we get down to that 371. I like at the money calls 6 to8 weeks out because we're going to back just my I have a higher conviction. You know, this weekend I didn't find a lot of names with short conviction as I put it. So short conviction means, hey, I got a really solid trade for next week. I'm going to buy it and I'm going to sell it by Thursday. Didn't really see a lot of that in my in what I was looking for. So I I sort of took a more conservative longerterm view to swings and that where is where I want to come into MD. Nice base broken out of the base. So maybe risk 2689. We have three steps here. And when I measure my fibs, obviously there's the whole move. There's the last piece and then there's middle ground. So this 618 is the last piece. So I'm looking at $9 to the upside. That's basically all I'm trading. I'm not trading the second mound up to 65. And I'm surely not trading this third push up to 114. Now note the you can't see it here, but the entire mound structure. The 236 is back at 137. So if mRNA is going to recover, we're going to see th this confluence up here around the 426 on the first leg, the 168 and 786. That's some pretty solid confluence on the fibs for us to get back up there. But a lot has to happen in the tape and in the name and mRNA. uh needs to change a little bit, needs to get more popular, but we got a beautiful sell structure, nice base, which I like with divergence into the base. So, we have kind of a confirming low, a divergent low here. We had kind of a confirming low here, and then we had another divergent low here. So, I'm seeing all of the steps, as I call them, all of the tells that imply we potentially could make a trend change here and head more bullish. So the September $25 cash secured puts anytime pays about two bucks. Put your cost basis at 23. You could do a little bit further out directional. I didn't like anything except for the 30 by120. Um however realize those 120 of these could carry some risk if we really get into a FOMO rally. I mean because bottom line we break above this 45. You know those the reality is that January is probably a little too long but we couldn't find any premium that made made any sense. So that was that was the challenging part with MRNA um is the premium didn't necessarily make sense at all the low levels. So or you could just take at the money or $35 calls. Now I would go to 8 to 16 weeks out on those on this one instead of 8 to 8 to 12 weeks out. That's just my thought. Now Oscar health this you know I've been seeing a lot of pump on this a lot of unusual option activity prints large block around 25 and 30 buck count supports to move. We're completing the retest or wave four. So this is drive one, corrective two. We haven't completed three yet according to the levels. But this is mound one, mound two. So we're going to get a third mound up here, right? That probably is our whole mound structure. Just measuring the breadth of peaking drive, peaking drive, peaking drive, corrective, flush, flush, flush. So it was an impulse down. Similar case here. Got another impulse flush down. Another impulse flush down. So the tape likes impulse waves down. So we bleed below this, right? Then this is some kind of flat, not an I mean, which it could be. I'm not going to say it's not. So maybe risk 1559. I like it much better right at 1550. I do, but I don't think it gives it to us. We're already bottoming. You look at the RSI structure. It's not likely going to confirm here because it kind of confirmed here, right? We've got this push low right here. This low. Then this just a tad bit wicked. It doesn't show it here on the the line graph, but if you put up HCL bars, a regular candlestick, this is actually a lower loan price than this. So, structurally looks good. So, let's let's look at what our options are. $15 cash secured puts. I like them, right? Pays you a dollar, right? Um maybe July or August even. Uh a little more aggressive. Do a call spread 1750 by 27 pays you three bucks. Max reward is 10. Riskreward is 1.2 plus. Clean symmetry on that look. Now, we get down to that 15 bucks. Again, I like cash uh covered I mean regular calls um right at the money 8 to 16 weeks out. I add a little time on this only because it's a slower tape, right? You could do quarterlys on that as well, but I would go a little bit further out of the money. I wouldn't go right at the money because of the premium there. Now, this is a name that doesn't excite me because of the business it's in and the potential that AI can just wallop this sucker, but it's already been waloped. It got waloped. 2021 got walloped again in January 25. Right? So the question is this is the three drive down. We get another push up here and then we fade further. So you want to mind your stop pretty. I'm not going to give this more room than 197. But I'm looking at a push maybe to 267. So a solid 50 bucks as we break out of these prior highs. That's where my interest is in really at because that's where we have the funk to the upside. And this has the potential of being a launching pad. It really does. these wedges that sort of I mean it's it's it's not even really a ascending wedge because it's broken out of it already and it wasn't tight enough down at the bottom. It's more of a flat more of a bare flag there. But I don't see this trend support fading right here. This was your overshoot, right? This was structurally sound the confirming low here, right? Divergent low here. Nice gap, nice spread. Notice the spread between the price. You know, it had an inversion in the corrective leg here. And what I mean by that is you have a bearish impulse, right? Then you have a corrective C or or B, right? And then you have a what I refer to as a bullish flip on an impulse or a bare leg. In other words, what happens is you get these flushing drives that occur on the top. Then you get these peaking of drives that turn on the bottom. So what that does is just really add to my conviction that this is the bottom. So if this is the bottom, this is higher low, higher low, higher low. Now, we came back and tested it, right? That's the real test. It held. Went right back to that support line off of these two wicks here. Ticed it again. Tested again. We've held. We've tested again. Tested again. So, if we get down there, we're probably going to fail. I'm not just cut and drop. Don't chase this any further than that. If it's going to break out, it's going to have the FOMO to do it. You know, we had a nice pop in volume here. We haven't seen that here, right? So, we should see some follow through with volume here to pop this thing out. So um thinking about September $200 cash secured put you it's about $10 $13 out of the money here could go a little deeper pay is decent pays $650 so it's going to put your cost basis around 190 350 if they get put to you but like any cash secured puts the way I want you to think about it and this is something you have to think about it is my book big enough to put on this trade you know is it going to cost me I got to tie it 15 25,000 do I have the reserves in my account to tie it up if it's too big of a trade for you don't put it That's all there is to it. Your structure should be the same. Max position size unless there are extenduating circumstances and I mean 100% on all of our risk scores. Everything's there. We have a perfect count. We have perfect divergence etc. You know, now you can push your position size to over 5%. Yeah. Okay. But in this scenario, no. So the the question is determine whether or not the setup is in your risk model. And that's only something you can manage. So, if you got a smaller book, this is probably not a trade you put on. But, however, you have a million, two, or or three million in the bank, yeah, you can afford to put this trade on and it's a pretty solid trade selling cash cured puts with a 650 premium, right? Um, if you're looking at September, you're looking at about a 20% 22% annualize just to let your money sit there in a market that really is probably going to be flat or negative even though we might rally a little bit further from where we are now. you know the downside risk is roughly 40% uh 30 to 40% from here for the next two to five years. So I mean structurally these are the kind of trades that are going to keep you positive because they've already faded right they've already back test right the likelihood that we fade like this again unless something happens like for example an AI and it takes it out you just want to monitor it you start hearing any news that these type of companies like team are being affected in a negative way from AI at this point it's increasing their P&L because their customers are buying AI I products from them. All right. So, at this point, it's a positive still. However, if AI develops its own free team solution through Google, right? And it's better than team solution, obviously, it's going to chip away at their customer base. That's the disadvantage of AI right now in any kind of services product that are out there. So, that's my two cent a little more aggressive. You know, max gain is about 68 buck. You know, about 12 bucks to put it on. favors a breakout which I kind of like here. I think we do back test highs here. So I think it's very viable that you know those 300s will expire worthless in that period of time by September. Okay. So that's my thought. Now Celely you know I don't usually like industrial. I don't I don't I don't you know and I was heming in a haunt because I you know I looked at a lot of stock before the fourth on the 3rd. I was up really I think it was 4:00 in the morning. I was up looking at a chart. This is one chart I found then went back and looked at it three or four times. Hesitant I was hesitant to put it in swing fra because anytime we're in these flats, you know, usually you get three peing drive. So we get one more peak and drive back test. However, when I look back at drill down, you know, we could deal with a move just to $70 from where we are right here. It's $10 move. You know, 10 12% move from there to the upside. I mean, $70 calls are going to pay really well. So I think risk the 58. I like the $60 cash kid puts in July, but you could go out to September or August even. Um, a call spread 65 by 110. Um, targets or lines with 161 fib. Really small risk in relationship to the calls. I would say there's some decent risk in the $70 calls. You're losing 50% on those because we could pull back. um you know cuz the base of the shelf is back here at 55 bucks really only because there's not usually a lot of FOMO in industrials. So that's where my hesitation comes. It's not because the look in the tape and we got a nice back. We get confirmation even have some divergence a little bit here on the shorter time frame. So, you know, structurally it's got a lot of upside. You know, measuring this leg from here from this low. You know, assuming this was our flat, this was our test, our breakout, you know, whatever this noise is. You know, I I think we push up to about 7475 and then we flush again. That's my But there's still a trade there. That's my thought. So, that's what I have for this week, folks. Great trading. Until next time.