In this video about option trading, Nick and Mikey discuss the current state of the stock market and share their trading strategies. They focus on major market indices like the NASDAQ and Dow, as well as strong performers like NVIDIA, whose stock has been increasing rapidly. The duo emphasizes the importance of monitoring daily market trends and performance of indices, volatility, oil, bonds, gold, silver, and bitcoin to make informed trading decisions. They suggest building narratives around these indices, looking at price levels, and making assumptions on which stocks or options to buy or sell.
Nick highlights the importance of position sizing and different strategies for trading and investing based on market conditions. He discusses buying low and selling high, trading neutral when markets are sideways, and using sector performance and news events to build trade strategies. He stresses the importance of risk management and suggests different trades have different probabilities of realizing their maximum risk. He also highlights the importance of staying flexible and adapting to changing market conditions.
They also discuss various trades in the market. They mention the selling off of the markets, including NVIDIA, which dropped about $10 in the last 30 minutes of the broadcast. They also discuss the potential of the micro oil contract, a trading vehicle with significant leverage, and the liquidity of options for AI. The discussion touches on earnings announcements, with various companies being mentioned, including Hewlett Packard and Salesforce.
The group also discusses trading short puts in stocks like BABA, VFC, and US Steel. Finally, the group talks about volatility in Forex markets and gets into the specifics of certain trades they have made recently.
Stay tuned for a live Q&A session as well!
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