All right, everyone. Good morning. Welcome to Trading a Smaller Account. My name is Barbara Armstrong. I am a coach with Schwab and delighted to be here this morning. And I thought our topic was going to be five and five, and it may be. But what do I mean by that? Well, we have five trades we want to manage, at least four that we want to manage. And then we've got five or six new trades that we want to place. And I want to talk about prepping for vacation, because on Wednesday, I am getting on a plane and I am flying home to Toronto to visit some friends there. And then I'm going 250 miles north of that to spend some time with family. And, you know, I may not be.
Well, I can tell you for sure I won't be looking at the markets as much in the next week and a half, as I typically do. So if you're going on a vacation and you are an active trader like we are in trading a smaller account, how do you set yourself up? And so that's going to be part of our conversation today. So I always like to start and there were guys in here. There were 40, half an hour before. So to Maligator and Mike and Krishna and Kevin and Aiden, thank you all for being such an active part of this community. Somebody had typed into the chat. I believe it was Eric who I got the privilege of meeting in Anaheim this weekend.
You know that he really came away with a sense of of how much of a community this really is. He got to meet other people, you know, that that think like he is. That want to learn like he does. And it was really there was a lot of great content in the day and a lot of great camaraderie also. So if you haven't checked out a live event, you can go to my Twitter account. I posted prodigiously. And please, you know, like those posts if you see them. I'll also be, you know, posting while I'm away. I'll have everything covered. But, you know, sometimes it's great to have another perspective on how to do something, like trade a smaller account. So, I've got guest coaches all lined up.
I think, you know, each and every one of them. They're all great people and fabulous coaches. And so, I think you will be in great hands. OK, let's get to our important information and get right down to business. I did mention that I posted a lot on X or Twitter over the weekend. My handle is Barb Armstrong; see if you're not following me. Like, you really are missing out! So, what are you waiting for? Also, you want to follow Brent Morris; he puts a lot of really interesting content, and often I'll repost it. I like it so much. I want to make sure that you guys are seeing it. So just follow him directly and then you can catch it, you know, firsthand. Know that options carry a high level of risk and aren't suitable for all investors.
You have to meet certain requirements in order to trade options with Schwab and not all will qualify. We use the PaperMoney software. It's a software application on the Thinkorswim desktop platform. It is a brilliant place to learn, to become familiar with how to use the Thinkorswim platform, but also, you know, to be, you know, to be sure that you understand a trading strategy before you consider trading it in your live account. I used to as a client, you know, if the coach drew a line, I tried to draw the same line. If they placed a trade, I tried to mimic that trade in my PaperMoney just to become familiar with the mechanics and to become familiar with the strategies. So I hope you guys are all taking advantage of that.
There are some nuances and differences. The biggest one for us in this class is that short options will never be assigned early in PaperMoney, but that can happen in a live account. We're going to talk about that in more detail today because we have some verticals where the short options are in the money. And so we're going to have a conversation about that. Yeah. So what we're going to do is a quick market overview. We're going to play some new example trades and then manage some existing trades on the live event front. Anaheim is now, you know, done and gone. It was one of the largest attended events we've had. So it was pretty fabulous. I think there were almost 700 people in. All in one room, you know, breaking bread together, learning together.
The next one up will be Miami, and it is the last weekend of September. And then we're back over to California, Santa Clara. And I may be at this one. I'll know more tomorrow and I'll post something on Twitter on that if I'm going to be there. So if I'm there and you're there, please don't hesitate to come up and meet me. I'd love to shake hands, give you a hug, whatever you're comfortable with. But you know what? It would be great to just be able to have a conversation in person, given it's kind of a one-sided conversation here, right? Right. OK, so let's and to sign up for these or to get more information, you can come to Schwab.com events. You know, it's just right next door to where where the webcasts are.
OK, so if we're coming and we're looking at Schwab.com. Schwab Coaching. So, if you just come to schwab.com forward slash coaching, here is our live webcasts and it'll give you a calendar for the entire week. So we want to come forward. Oh, well, now this is taking us to October. Okay, so if we come down to today, you can see we're trading a smaller account. Up next will be the fabulous James Boyd. And then we've got, you know, several other, you know, events throughout the day. Okay. And you know, we've got stuff going on live all week long. And for the in-person events, you come here and then you know, you can register. See, this is a two-day event: first day on technical analysis; second day is, you know, introduction to technical is options.
Yeah, so there we have it. Okay, so coming back to the thinkorswim platform, given we have a lot we want to cover, what's going on with the markets in general? Well, when we look at the S&P 500, you know, we're back within a stone's throw of that all-time high. And could we be setting up a bit of a cup and handle pattern? You know, and others might say, 'You see cup and handle, I see potential double top.' Well, you know, and that's not tomato and tomato. Those are two totally different ways of looking at things, right? But, you know, could we be seeing, you know, so here's, you know, the double top people, top one and top two, the cup and handle people ever the optimists are saying, I see potentially a cup and handle now, has it broken through yet?
It has not. So, you know, I see potential double top, you know, and others might say, it's not. So, what we'd be looking for is it to break through and then maybe come back and bounce. Now, it could come back and then keep on going. You know, we won't know until it happens. But, you know, what we do know is as of today, and if we come in a little bit closer here, and I changed my drawing tool, here was our high. We're 1% off the all-time high for this index. You know, still up 17% year to date. You know, pretty, pretty bullish, right? Hard not to call that bullish. How about the NASDAQ? Well, the NASDAQ hasn't come back quite as much. Now, could this be setting up, you know, another cup and handle?
It could, but today it's pulling back. So, might this be a one-day anomaly? I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't know. I don't had five up days in a row. So, it's not, you know, uncommon to see it pull back for a couple of days. We did see, you know, a trend, a bit of a potential trend reversal in that. Let me just get my pointer tool here. We had a high here, and then this was a higher high, right?
And some might say, well, is this a lower high? Well, if tomorrow it just keeps going up, one might argue that, you know, this could be setting up a bull flag. So, you know, hard to tell. We can't trade what we think might happen. We just have to look at what we see. And so some might say, you know, we're still six and a half percent off the high here. But if you're kind of drawing a line, what we're also looking for is a diagonal resistance breakout. And we don't quite have that yet either. Okay, how about the Dow? Well, of the three, the Dow is looking the most bullish. It's been trading in this upward trending sideways range, hasn't it? Or upward trending range. It's not really a sideways range.
And we're coming close to the top of that range. And could we see a pullback for a few days? Well, it is a possibility. This index up, you know, 10% year to date, not as much as, you know, as the S&P or the NASDAQ, which is up 15%. But still, you know, 10% is, you know, pretty respectable. Now, what about the Russell? Well, it's kind of, it looks to me like, it's setting up this big pennant pattern. But you know, we've been up one, two, three, four days in a row here. And these were kind of nice big white candles. You know, so this index is up, you know, it's in fourth place of the four indices, but still up 7.7%. Yeah. Yeah. How about the VIX?
I'm just looking at the comments in the chat. Yeah. And so, you know, we're up a little bit today, but we're still under 20. You know, it's up four and a half percent. But, you know, we just saw, you know, a tremendous pullback here. You know, it was, it hit here. The high was, where's my high? 23. And we're now back down at 17 within, you know, within the month. Today's the 16th. Yeah, you know, so within a couple of weeks, it's come down dramatically. Okay, so we want to take that into account. Now, which sectors are kind of leading the pack here? And if we come and we look at over the last month, energy, technology, and communications kind of getting hit. But real estate, utilities, consumer discretionary, and staples.
And that's kind of interesting that staples and discretionary are snugged right up against each other. You know, so these are the sectors that have been strongest in the last month. But, you know, really, except for communications, well, the bottom three are in the negative. All of the rest have been racking up positive numbers. So, you know, we look at real estate hitting a new high for the last month. And, you know, we're seeing a lot of sector today. Utilities hitting a new high. Consumer discretionary, you know, coming back around the corner, it had a bit of a pullback. Staples hitting a new high today. So three of the top four sectors hitting new highs. Financials, some consolidation, broke out, came back to retest, moving to the upside.
Now, what about over the last three months? Real estate, utilities, financials, staples. So these are more conservative sectors. Healthcare has also been strong. And so, if you're looking for areas of strength, this might be, you know, where we want to look. Okay. Now, I did say that one of the things I wanted to do was a bit of trade management. So it's kind of, you know, shuttering up the windows and stuff before you go out of town. And we looked at our stock. So we upped our stops on Chewy and GoDaddy last week. So those are in pretty good shape. But with Comcast, we're at 74%. We had a target to get out at 80%. But this expires on Friday.
And so, you know, this is kind of trucking along, kind of right around where we want it to be if we come and we look at Comcast. So we wanted it to stay. We want it to stay between 38 and 40. And it's really played nicely. But might we just say, you know what, you know, we've got 75% of our max gain. We're up $224. We are going to ring the bell and take our profit on that. Okay. And so how do we do that? Well, if we come up to our working orders, we're going to sort by symbol. We're going to come down to Comcast. And we're saying we wanted to get out when it was worth $0.07. They're saying right now they want $0.10.
It's like, okay, we'll give you the three extra cents. Confirm and send. This was in our iron condor bucket. So this is basically two credit spreads. I like to call it a credit spread sandwich because we've got a short call vertical on the top and then a short put vertical on the bottom. So we've got a short call vertical on the bottom. And once that fills, you know, is this still kind of trucking along in this sideways range? This expires September 20th. Could we put a new one on? Could we do a wash, rinse, repeat? Yeah. Will is saying like cue the, cue the, you know, Steve Miller's take the money and run. So, could we put a new trade on given it's a TC spike, you know, but you know, we're, we've had a little, we've had a little, we've had a little, we've had a little, we've had a little, a little bit of an increase in volatility.
So could we go back and look at selling that same one, the 41 with Comcast and then again, selling the 38, you know, we want to sell this strike on the put side and sell this strike on the call side. Now, could we snug it up a little bit? We could, but you know, if this has worked well for us in the, in the past, might it work well for us again? And might we come out to the monthly? So we're coming out 30 days and we would now here's our problem. We'd have to do either the 40 or the 42 50. What we wanted to do was the 41. So can we come to October 11th? Do we have a 41 possibility? We do.
And do we have volume, but you know, it's, it's not a lot here, is it? So if we, if we look at that and we say, if we sell this one, we'd get 16 cents on a dollar. Okay. For that. And then if we come down to the 38, we don't have a lot of volume here, but we do have a tight bid ask spread. So we get a total of about 40 cents. Between the two. And so if we're okay with that, we could come and say, okay, we would like to sell an iron condor at 41 and 42. And then on the put side, we want to do the 38 and the 37. Now, if you're not familiar with this strategy, you're not going to be able to do it.
We're going to come and actually we'll, we'll switch this gadget to a calculator. What we want. And, and, and it depends, you know, we've not created an example trading plan, but we stand to make 38 cents. And how much are we risking? Well, we're risking a dollar. So we're risking 62. So that's a potentially a 62. So that's a 61% return on our risk and the idea behind this strategy. If it's a new strategy to you, let me just and Brett teaches a class on Fridays and he has started this back to school series, which I think is kind of brilliant. So he's going to pick a different strategy every week. I don't know if he's done iron condors yet, but if he has, and I'm sure it's on the menu, Brett, can you type into the chat?
If you've done. You know, kind of an intro. So the idea is that we're doing a short call vertical here. So we want it to stay below here. And then on this, on the, the put side, we're doing a short vertical here and we want it to stay above 38. So as long as it stays in this area, you know, we're good to go. So, if that's, that's our goal. And if we're looking at this and we're saying, well, I think, could this continue for another three weeks or three weeks in a bit? And if there are answers, yes, we're risking $62 per contract. So if we say we can risk up to $500, we're going to divide that by the 62 that we're risking. We could do eight contracts. Oops.
And we're going to come to first trigger sequence, right? Click create an opposite order. And we want to buy it back when it's worth about 7 cents. So that's an 80% when we've got about 80% of our max gain. So I just kind of rounded up to 40 cents and, and multiplied by 0.2 to get eight, and then I knocked it down to seven, highly, you know. Oh, is there earnings across this? When is earnings? Good question. Earnings is the 24th. So we'd be out prior to earnings. We're out on the 11th, but that's a really great question. Cause if you have an example, trading plan, and you want to trade this conservatively, one of your rules, which we have in our short call, vertical, and short, vertical trading plans is that we don't want to be in those trades over earnings.
Now, others might do that as an earnings trade. But if we're trying to, you know, go for base hits short, you know, with small wins, that's how we're approaching it. So we've got that one teed up. So there's trade number one, and there's review number one. So, so far we're one in one. Okay. We're in. Are there any questions on that other than Tim bringing to our attention that earnings, you know, it seems like we just get out of earning seasons and we're coming back in. So we've got this one that we're looking to close out and you know, the other one, we're going to give that a minute, but I'll make sure that we end up closed out on that. Now I want to come to short call verticals first.
So with our short call vertical, we had a goal of making 80% on Boeing, and we're already at 78%. Now I want to come and look at the chart on this, you know, so it's continuing to fall, but for 2%, might we consider closing this out? And then maybe putting on a new trade where, you know, because when we come to the monitor tab, Oh, I guess we had another one. So this is September 27th. I thought we were out of this on the 20th. Could we put on another, a new trade where we go out a little further and maybe pick new strikes? So with this one, that's what we're going to do because we're at 78%. And if we want to put on a new trade, we could layer and have more than one trade.
And just kind of give this some time, but given that we're in, you know, we're, we're very close. Could we just choose to exit this? So we're going to come up with Boeing. We want it to be able to get up to 26 cents. It's currently trading at 28. Yeah. So David is saying rinse and repeat. Yes. That's kind of the idea. Only when we're, when we come to our rinse and repeat on this short call vertical. And again, this is a weekly options series, you know, so it has a non-standard expiration. We knew that when we placed the trade and we did that probably because we wanted to try and take advantage of time decay. Well, now if we're coming out, we'd be looking at October 11th, not September 27th.
And then where might we place our strikes? Chances are, we won't get enough to be able to come all the way up here to $170. So we're now out of this. So we can get rid of this line. But could we maybe do something around this $162.50? Or maybe could we sell the $165? Could we get enough premium? So if we come and we look at the 165, we have a delta of 28. So the probability, so if I bring this full screen at the 160, the probability of this expiring in the money is 35%. 72% chance it'll come up and kiss it. Now at 165, it's a 24% chance of being in the money, 50% chance of it coming up. You know, at least touching. So we wanted to be above this 162.70.
So let's see if we can get enough premium to sell that 165. $1.13, is that enough? Well, if our guideline is we want to get at least 1% for every day we're in the trade, if we get $1, that's 25%. When you do enough of these. So at $1.08 divided by how much are we risking? $3.92. That's a 27% return. So that meets our parameter. So if we say, okay, we're okay with doing that. We're going to come up with a single order. First trigger sequence, right-click, create an opposite order. Say when this is worth about 22 cents, when we've got 80% of our maximum, that's gain. Now some might say 80%. I want to get out. You know, when I've got 90%, we'll make that your trading plan and make that your example rule.
You know, so you can do it however you like. It's your trading plan. This is just our example trading plan. So we're looking at selling a vertical. Why are we selling a short call vertical? Because we're kind of sort of bearish. So we're expecting the stock to continue to fall, but we're giving it enough room. Like at 165, we got over $10 worth of wiggle room. It could come up by almost $10 and we would still be, have a profitable trade, depending on what's happening with volatility and other things. So now why did we do only one of those? Because we were risking almost $400. And you know, we're at 38.6. So this account has done well in that we started at 20,000 back in November, but we still don't want to risk more than 500 to 550 on any one trade.
So doing two would be too many. Now, I don't know if we have a long put vertical on this. So let's come and look at, at Boeing. So we're now out of that trade. So we've done two wash, rinse, repeat. So that's Boeing and Comcast. We've closed one out and we placed a new trade. But let's go back to the chart. Could we do a long put vertical? Well, it might've been better to do that Friday, but Friday I was in Anaheim. So, you know, that wasn't a possibility. All we can deal with is, is what we have today. But when we look at this trend, the stock is down 40% year-to-date. You know, it's, it's, it's, it's almost... Do we think that there's a possibility that it might continue to fall?
And if it's at $154, could we maybe sell the $155? Or, you know, let's come out and look. If we come out in October, so we could do them. Could we do the 160 and the 155? Like we've got tons of volume here. You got a 48% chance, a 52% chance, probability of it being in the money, because it's already in the money, just by, you know, or almost in the money, we want it to go through both strikes. So this is a higher probability trade. So we're looking at buying a vertical, which is typically more directional. It's already through both strikes, and we're at 275. So if we take 275, and we multiply that by 1.5, we'd need to get 412 to get a 50% gain.
Well, all it has to do is stay where it is, and we would be okay. Oh, Boeing apparently voted for a strike. Yeah. Okay, so single order, first trigger sequence, right click, opposite order. I'm going to do the math one more time. 270 times 1.5. So we want to get out when we have a 50% gain, that's our example trading plan. We also will get out if we're down by 50% on this. So if it rallies, confirm. So this is a long put vertical, because we are bearish. Okay, 160, 155. So if you want to put that on the chart, we can just, we can just, we can just, we can just, we can just, we can just, we can just take our short call vertical line. We're going to edit that. We're going to make this 165. So that was short call vertical, 165, 170, and that was expiring October, I don't remember the date, on the right. Let's see, it was the week before. October 11, I think. And then we can go back and see. October 11, and then our long put vertical is October 18. So we're going to draw another line here.
And this is, we want it to go through both strikes. So this is going to be our long put vertical, and then our long put vertical is October 18. This is our long put vertical, and it's already through both strikes basically. Long put vertical, 155, 150, and we want the line to be where we want it to go below. We'll show that on the right, and that's October 18th.
I think I did 160, 155, didn't I? 160, 155 would be helpful because that's a lot of movement.
Can you tell I've been out of the office a couple of days? 160, 155. 161, 155. Okay, just let me look and see if there are any questions. We do have a survey. Can you please make our screen larger? You're going to have to go shopping to do that. So Naresh is asking if I can repeat how I came up with a dollar a day, 25% profit calculation. And you're saying this is an interesting structure to have. Yeah. So when we talk about a short vertical, and let's come out to the trade tab for this. So when I talk about a short vertical, and we just put one on here. So we tend to look at a timeframe that's kind of 20 to 50 days out.
The advantage of going in that 20 to 25 day timeframe is that time decay is hitting at an accelerated rate. So if I change this and I add 25. It doesn't make much difference. 25 is that price in your dB in one week. And you want to add 25 under our drag and drop? I look at the time, it didn't make a difference. So when you go into your stock market regards, if you look at. Okay. That penny a day starts adding up. And as you get closer to expiration, it kind of heats up at an accelerated rate. And so we're trying to take advantage of time decay. In order to compare different timeframes, we just said, well, maybe our rule of thumb was if we're in it for 25 days, we want at least a 25% return.
If we're going out to 50 days, which is twice as long, we want twice as much return. And so we just made it up. The iron condor, the Comcast iron condor new trade did fill. So we're in that. But the old trade is still, it's now saying it wants 10.5. We were out this morning. This morning, it was nine. So I'm just going to leave it at 10 and we'll just, but I'll monitor it and I will make sure that we get out of that. Okay. So we've done, you know, two bearish trades on Boeing and we've closed out a trade. And then we've done a wash, rinse, repeat on Comcast. There's a couple of other ones. And, you know, we always wish we had more time. So let's come to the monitor tab.
And on DraftKings, you know, we were bearish on DraftKings 36 and 37. It's through both strikes. So if we come and we look at this, and this is where could it be assigned. But when I look at this now, you know, we put this on here, expecting it to fall. And instead it's come through and it looks like it might be setting up a, a bull flag. We also have a diagonal, diagonal resistance break. So I say, looks like we made a mistake on this one because it's not continuing to be bearish, at least a short-term mistake. And we're supposed to be out of this September 27th is the expiration date. So with this one, what we might do is just say, you know what, this one didn't go according to plan.
Um, after $25, we could lose per contract. So that's, we could lose another $175. So maybe we're better to just say, you know what, we made a mistake and let's get out and lose less. So we're going to look at this and say, this looks like a trend and change. And so on DraftKings, instead of getting out for 7 cents, it would be $175. So we're going to look at this and say, this looks like a trend and change. And so on DraftKings, instead of getting out for 7 cents, it would be $175. So we're which is what we were planning on. We're going to have to pay them 72 cents. It's like, you know what, I'm even going to make it 73.
I'll give them the extra penny because we just want to, one thing you want to do is when you're wrong, the sooner you admit it, but less expensive. And so it's interesting because even though this is through both our strikes, we're not at max loss, which is a good thing because we're not at max loss. So, we're going to look at this and say, 'Isn't it interesting? Isn't it because I thought like, wow, if I'm through both strikes, I'm immediately at max loss, and and we weren't even though we were in the money through both strikes, and then that risk of assignment is going to be less okay so snow is clipping, so that one I wanted us to get out of.
Okay, so that's DraftKings check now there's another one on Amgen, and this one's in the money, and it's interesting because it's just in the money. Well, let's say I forget about it; I'm busy packing, I go away, and this this is the call we're a long call, vertical we're bullish on this, and this one I want to look at there's a particular reason so guys I'm well now the candles change for crying out loud, it was a nice doji here, so you know, this had a cup. And hand. Candle or an inverted head and shoulders, broke out, came back and retested, retested again. And it's moving up now. And it's through the first strike, but it's not through the second. But this dark green candle means it opened higher and it's pulling back.
And so if we look at the monitor tab on Amgen, you know, we've made a little bit of money. Now, would we have liked to make more? We would have, but this expires Friday. And if this closes in between the strikes at expiration, it is highly probable that we will have bought ourselves 200 shares of Amgen at $330 bucks a share. So, well, that may sound delicious because, you know, it's trading higher than that. 330 times two contracts, which is $230. That is a $66,000 position. All the challenges, we only have a $38,000 account. So we'd be getting a little call, you know, saying, hello, you just bought stuff that you don't have the money for. You either got a deposit or sell it.
So we're going to just take our little gain and we are going to say, hey, we were right on direction. We should move faster. But what we don't want to see happen is it to pull back again because it expires Friday. We don't have time to recover. Yeah. David is saying this is not in our snack bracket. Yeah. So we're going to take the money and run, even though, you know, it gives us enough money. If we have a friend with us, we could probably run to Chipotle and have a virtual lunch, you know, but we're not going to have, we're not going to Ruth's Chris for dinner with our $45 gain on that. Yeah. Yeah. We might be able to put the gas in the tank to get us there.
So with this one, this is Amgen. I've sorted these alphabetically. We're going to say, we're going to take a little bit of money and, and be grateful for it. Now, if you wanted to wait, maybe you could wait. But if it pulls back tomorrow, you'll be gnashing your teeth and going, dang it all. Why didn't I get out when I had a profit? You know, so we'd like to snatch a small victory from the potential jaws of defeat. Yeah. No. So if it, if it closes in between the strikes, it wouldn't automatically exercise the other position. The other position would expire worthless. But if you have questions like that, you can call the trade desk. Okay. So of course, I wanted to look at, at several other positions.
So we're going to have a quick look because, you know, I have to say a few things as we wrap up. So could this be considered, you know, a cup and handle? It could, but, you know, might we expect this to continue going up and might we want to do a, a short put vertical? You know, might that be an example trade we could consider? It could. How about JP Morgan? Well, JP Morgan, you know, it's doing not too badly. You know, it's up 22% year-to-date. We had a short put vertical that's due to expire on the 20th. And, you know, so let's look at that short put vertical. Where's my short put verticals? We need to get out of that. So this is in-the-money and it's through both strikes.
So we would just take our max loss on this. But if you're saying I'm concerned that one strike might be exercised and not the other, we could just exit. Same thing with Goldman Sachs. Now let's come and look at Goldman Sachs. So this could continue to come up. So we could wait for another day for Goldman Sachs, but our strikes are in the money here. So we've got to take some type of action before Friday. So when you have this, because could someone like with Goldman's, Sachs, both our strikes are in the money, but, you know, and, and so you'd think we'd automatically have our max loss, but we're out at, we could buy this back at 340, you know, and, and save like we're $160 away from max gain.
So with all of these in this one, we've got one strike in the money and it's, it's by like 14 cents. So even though, you know, this expires Friday, we'd be out for a teensy tiny little loss. You know, $40, you know, that's, that's a scratch. That's barely even a flesh wound, but you know, might we want to wait? Well, today's candle is kind of a doji. So might this be considered, you know, that, that this is at a support level and might move up. So we can wait until tomorrow, but I don't get to meet with you guys again. Okay. So these are ones that if you're in your paper money account, you got to, to look at this. Okay.
So let's look at J and J, we're not going to have time to place an extra trade, but the healthcare sector has been doing kind of nicely, hasn't it? And here's something that is, you know, it broke out, came back, hung out. So old resistance becoming new support and it's a bouncing. So could we sell a short vertical here? Perhaps we'd have to, you know, run our numbers on it. Could we do a long call vertical? There's another possibility. You know, so although, you know, I always bite off more than I can chew and I'm obscenely optimistic about what we can get done in a day. We did manage, you know, to close out some huge right now. So I think that's a good start. So I think that's a good start.
So I think it's trades that were not serving us on Amgen or that were serving us and we wanted to take a profit on Amgen, on DraftKings, on Boeing. We were, you know, taking some gains there. And on Comcast, we were just a hair away. And then we've done some wash, rinse, repeat. So we placed trades on Comcast and on Boeing. Okay. So guys, thank you so much for joining me. There is a survey in the chat, which Brent Moores has just reposted. Here's my ask: If you will fill that out, I promise if you fill it out, I will read each and every comment. Let me know what you'd like to see for topics in the fourth quarter. Let me know if you think the content we've been covering has been valuable to you.
There are only two questions. And it's one, I hated it. Ten, I loved it. And I'm never missing another one. I'm at everything in between. And then there's the ability to put comments in. Also, if you haven't had a chance, it's early in the week to do a favor for a random stranger. Please hit that like button down below. It lets Brent and I know you found the content valuable. But more importantly, it helps move this up in the YouTube algorithms. And then you want to make sure that you are following us in the land of X. We are podcasting. We are hosting content on a regular basis that we believe you will find helpful. And so take advantage of that. And yeah, give us a follow. Barb Armstrong, CS.
Brent Moores, CS. So be there, be square. And that's a wrap for today. So of course, you're going to subscribe to the channel if you haven't done so already. It's free and it's a great resource. Thanks to Brent for being so proactive in the chat. And thanks to the guys behind the scenes. Thanks to the guys behind the scenes for making the magic happen. I will be here for getting started with options tomorrow. We'll be talking about a spread trade. So I hope you'll join me for that. Take care, everyone. Have a really awesome day. Up at the top of the hour, Mr. James Boyd. You won't want to miss that. Take care, everyone. Bye for now.
