Intrendias
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Options Trading Strategy for Passive Income
#tradingstrategy #optionstrading #passiveincome #howtomakepassiveincome #options
Cash-secured puts are an options trading strategy where an investor sells put options while holding enough cash in their account to buy the underlying stock if the put option is assigned. This strategy is often used to generate income or to acquire a stock at a desired price lower than its current market price.
Key Features of Cash-Secured Puts:
Selling a Put Option:
A put option gives the buyer the right to sell the underlying stock at a specified strike price before or at the expiration date.
When you sell (write) a put, you take on the obligation to buy the stock at the strike price if the buyer exercises the option.
Securing with Cash:
To ensure you can fulfill the obligation if assigned, you must have enough cash in your account to buy the stock at the strike price.
For example, if the strike price is $50 and one contract represent 100 shares, you must have $5,000 ($50 x 100 shares) available.
Premium Income:
As the seller of the put, you collect the option premium upfront. This is your immediate profit regardless of whether the option is exercised or not.
The premium acts as a cushion, reducing your effective purchase price if you end up buying the stock.
Two Possible Outcomes:
The stock price stays above the strike price: The option expires worthless, and you keep the premium as profit.
The stock price falls below the strike price: The option buyer exercises their right, and you buy the stock at the strike price. Your effective cost is the strike price minus the premium received.
Cash-secured puts can be a source of passive income, as they allow you to earn premiums (income) by selling put options, provided you have enough cash to secure the trade. Many investors use this strategy to generate consistent income while waiting to buy stocks at a discounted price.
This passive income comes in the form of premium. The premium is the price that the buyer of an option pays to the seller (also called the writer) for the rights provided by the option contract. It represents the cost of acquiring the option and is determined by various factors, such as the underlying asset’s price, time to expiration, and market volatility.
In the video, I use Amazon $AMZN stock as a potential cash secured put option play. Amazon is one of the world’s largest multinational technology companies, primarily known for its e-commerce platform. Founded by Jeff Bezos in 1994, Amazon started as an online bookstore but has since expanded into a wide range of industries, including cloud computing, entertainment, logistics, and artificial intelligence.
Conditional probability is the probability of an event occurring given that another event has already occurred. It quantifies the relationship between two events and how the occurrence of one affects the likelihood of the other. Check out my Conditional Probability coding video in python here: ua-cam.com/video/oy4NlUaUD7M/v-deo.html
You can also achieve passive income with some exposure to risk through covered calls. A covered call is an options trading strategy where an investor holds shares of a stock (or ETF) and sells call options on those shares to generate income. It’s a popular strategy for conservative investors who want to earn additional returns on their stock holdings while potentially capping their upside. Check out my video on covered calls here: ua-cam.com/video/qlwLsexCCDE/v-deo.html
Intrendias is not financial advice.
Переглядів: 1 205

Відео

Iron Condor Options Trading Strategy in Python
Переглядів 1,9 тис.14 днів тому
#optionstrading #tradingstrategy #algorithmictrading #python #coding The iron condor is an advanced options trading strategy designed to generate profits from low volatility in the underlying asset. It involves combining a bull put spread and a bear call spread with the same expiration date. Structure of an Iron Condor Sell a lower strike put (short put) Buy an even lower strike put (long put) ...
How to Get Option Chain Data in Python
Переглядів 75421 день тому
#optionstrading #options #python #coding #howto An option chain is a table or list that displays all available options contracts for a particular stock, index, or other underlying asset. It provides key details about both call options and put options at various strike prices and for a specific expiration date. Traders and investors use option chains to evaluate opportunities for trading options...
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КОМЕНТАРІ

  • @pediculuspubis2621
    @pediculuspubis2621 14 годин тому

    Excellent video, really informative. Now, I have a question with regards to the potential application of this. As ,I have an idea for day trading but would like to know if you agree with my rationale. Essentially, I'm wondering if this method could be used in determining the liklihood of price correction. Could we infer that if the price movement for the DAY exceeds 1 sigma (on the positive) for weekly, then we have a greater probability of negative price action the following day(s) as the price corrects? Of course vice versa for exceeding 1 sigma on the negative Hope that makes sense.

  • @jeffcordes3680
    @jeffcordes3680 17 годин тому

    Goes back to $90 will be a 3x. Would be great.

  • @aryapatel7615
    @aryapatel7615 День тому

    Super useful for new ppl nice work

    • @Intrendias
      @Intrendias День тому

      I’m glad you find the video helpful! Thank you for watching and commenting!

  • @klinfersonoliveira5201
    @klinfersonoliveira5201 3 дні тому

    Great content And strategy. Great implementation of probability analysis

    • @Intrendias
      @Intrendias 2 дні тому

      Hey @klinfersonoliveira5201, I’m glad you enjoyed the trading strategy video! Thank you for watching and your comment!

  • @billhaskins38
    @billhaskins38 3 дні тому

    This is a fantastic channel!!! Keep up the tremendous work. So many guys bore the heck out of me but you did a great job presenting the material.

    • @Intrendias
      @Intrendias 3 дні тому

      Hey @billhaskins38, thank you for the kind words! I’m glad you enjoyed the video and found it helpful! Let me know if there are topics you wish to see potentially covered on the channel.

  • @brycefarris3803
    @brycefarris3803 4 дні тому

    Can I give you my $$$ and you invest it for me?!

  • @miloskrsmanovic5630
    @miloskrsmanovic5630 6 днів тому

    Well done, very useful video. This is a very interesting video, maybe you could try to read data and detect positions in real time, I think that would also be very useful and interesting to see how it would work

    • @Intrendias
      @Intrendias 6 днів тому

      Hey @miloskrsmanovic5630, thank you for your comment and watching the coding video! This is a good idea - it would be interesting to see how RVOL performs on a shorter, near real time timeframe instead of the daily view. I'm happy to explore this.

  • @martin17scott
    @martin17scott 7 днів тому

    This is great and very eye opening! Thanks a lot!

    • @Intrendias
      @Intrendias 7 днів тому

      Hey @martin17scott, I’m glad you enjoyed the coding video! Thank you for watching and commenting!

  • @montramedia
    @montramedia 12 днів тому

    Chegg is worth at least $7 a share. Give it 3 years.

  • @ShredsofBlaze
    @ShredsofBlaze 12 днів тому

    Do you think its still worth a shot to invest in chegg?

    • @Intrendias
      @Intrendias 11 днів тому

      Hey @ShredsofBlaze, There's value potential in Chegg. Pivotal moments will be their upcoming earnings; Chegg needs to prove stability in revenue and subscriptions. Of course, this is not financial advice, and everyone must assess their own financial journey. Thank you for watching the video and commenting! I hope this video was helpful!

  • @spacecat2902
    @spacecat2902 13 днів тому

    you should increase the font size

    • @Intrendias
      @Intrendias 11 днів тому

      Hey @spacecat2902 thank you for your input and watching the video! I agree that this large table has a small font and could be hard to see. I'll keep this in mind for next time and zoom in. Thank you!

  • @sussy2910
    @sussy2910 15 днів тому

    why you didnt share equity curve graph??

    • @Intrendias
      @Intrendias 14 днів тому

      Hey @sussy2910, you’re right that this would have been helpful to show in the final video. I only showed the final percent performance. I will include the algorithmic performance line in future videos. Thank you for watching and your comment!

  • @Intrendias
    @Intrendias 15 днів тому

    Check out Intrendias.com for free buy and sell signals using a technical analysis algorithm!

  • @TaiwoMegbope
    @TaiwoMegbope 16 днів тому

    Thank you for such powerful teachings. I found your channel within the week and it had helped compress my learning curve on thede subjects exponentially. I dont know why your videos aren't getting more views. They're invaluable.

    • @Intrendias
      @Intrendias 15 днів тому

      Hey @TaiwoMegbope, thank you for the kind words! I appreciate you watching the video and commenting! Let me know if there are other subjects you would like for me to cover.

  • @epicoptions9809
    @epicoptions9809 19 днів тому

    Thanks. Although I installed yahoo_fin but it gives me error , my Python version is 3.11

    • @Intrendias
      @Intrendias 18 днів тому

      Hey @epicoptions9809, yahoo_fin may have dependency issues with 3.11. Please try downgrading Python to 3.10 to use yahoo_fin. Or you can try using yfinance library for option data. For yfinance, try: aapl = yf.Ticker("AAPL") opt = aapl.option_chain('2025-01-03') opt.calls I hope this helps! Thank you for watching and your comment.

  • @rohanker
    @rohanker 20 днів тому

    Damn! Where and how did you learn to use python for financial applications? Could you suggest some resources/books to start pls thanks🙏

    • @Intrendias
      @Intrendias 19 днів тому

      Hey @rohankerhalkar3971, thank you for your comment! I was first introduced to code at an internship. I realized it’s importance so I started to learn Python, R, and SQL since then. I enjoy buying stocks and researching the market so I decided to combine this with coding. Code enables trading strategies to not only be tested but also automated. For resources/books, I use UA-cam, ChatGPT, and Stack Overflow regularly for explanations and code help. I would suggest at home projects because I believe I learned a lot when coding a project by naturally running into problems and then finding solutions. I hope this answer helps! Let me know if you have other questions!

  • @xXadammadaXx
    @xXadammadaXx 20 днів тому

    subscribed

    • @Intrendias
      @Intrendias 20 днів тому

      Thank you @adamshebani1451 I appreciate you subscribing and watching!

  • @ufcmotivation5665
    @ufcmotivation5665 27 днів тому

    Hey, that was a great video! Could you please create a similar video on the Short Strangle with the same weekly percentage change? Thanks!

    • @Intrendias
      @Intrendias 26 днів тому

      Hey there! Thank you for the comment and I’m glad you enjoyed the video! I’m happy to look into the Short Strangle strategy and connect it to these conditional probabilities

  • @AbdulSalam-zt2kz
    @AbdulSalam-zt2kz 29 днів тому

    Price target is 15k for single stock

    • @Intrendias
      @Intrendias 29 днів тому

      Haha quite a bullish target you got there. $40 per share for me.

    • @AbdulSalam-zt2kz
      @AbdulSalam-zt2kz 29 днів тому

      @ my thesis is that it will replace coca cola and coffee too

  • @pinotwinelover
    @pinotwinelover Місяць тому

    I've done my analysis, fundamental and technical and I've dug into the company. I think we're up for a big learning surprise on this stock buybacks and acquisitions. Don't be surprise for big move the Upside it's been staying at all year.

    • @Intrendias
      @Intrendias 27 днів тому

      ACN up 7% after 12/19/2024 earnings - nice job! (This short was for March 2024)

    • @pinotwinelover
      @pinotwinelover 26 днів тому

      @ you still may hit those

  • @kogarah1
    @kogarah1 Місяць тому

    Brilliant analysis.. much appreciated

    • @Intrendias
      @Intrendias Місяць тому

      I’m glad you enjoyed the video! Thank you for the kind words!

  • @jasonl2860
    @jasonl2860 Місяць тому

    Is it because the Spearman correlation is zero, that's why we can use Conditional Probability? if Spearman correlation is not zero, can we still use the Conditional Probability? thanks

    • @Intrendias
      @Intrendias Місяць тому

      Hey @jasonl2860 thank you for your question and watching the video! Short answer is yes: I use the conditional probability when there is some dependence between the two variables. Since the Spearman results show small dependence, I used conditional probability. If events A and B are independent of each other then knowing what happened to B to predict A will be fruitless since the two events don’t impact each other. Since the Spearman p-value is below 0.05 we can say with statistical significance that the two variables (last week return versus this weeks return) are indeed correlated. However this correlation has low impact because the rho value is near zero and slightly negative. This means that there is a small negative impact on this weeks returns based on last weeks returns.

  • @wirelessholepuncher
    @wirelessholepuncher Місяць тому

    What should I do as an absolute beginner?

    • @Intrendias
      @Intrendias Місяць тому

      Hey @wirelessholepuncher thank you for your comment and watching the video! Personally, I focus on building a moat for my portfolio. Buy long term stocks that I believe will go up in value over time. These stocks like AMZN and GOOGL can be stocks you sell covered calls against to make passive income with some added risk. This is my personal opinion and is not financial advice. As a beginner, what stock strategies are you interested in or exploring? I can potentially cover these topics in a future video! Thank you again and I hope this helps!

    • @justmeajah
      @justmeajah Місяць тому

      ​@@Intrendias maybe that full beginners topic is a good video in itself? Like, you can explain to us where can we start and how common investing knowledge can be applied to this mathematical and statistical calculation?

    • @Intrendias
      @Intrendias 19 днів тому

      I agree! A beginner/where to start video can be helpful. We can also review how to combine investing knowledge with math and statistics to measure the risk of the trades. Thank you for your comment and insight!

  • @Intrendias
    @Intrendias Місяць тому

    Try the Intrendias Terminal for free: www.intrendias.com/terminal

  • @javajav3004
    @javajav3004 Місяць тому

    love the humor, subscribed

    • @Intrendias
      @Intrendias Місяць тому

      I’m glad you enjoyed and thank you for subscribing!

  • @Kaodusanya
    @Kaodusanya Місяць тому

    Its almost like chegg needs to become unprofitable and spend all their money on ai hype and marketing. The world is so backwards.

    • @Intrendias
      @Intrendias Місяць тому

      More buzzwords please haha Thank you for watching and your comment!

  • @abdulgayour568
    @abdulgayour568 Місяць тому

    Do you see the Chegg will raise again ? Is Chegg will be able to compete with ChatGPT ?

    • @franekkessler489
      @franekkessler489 Місяць тому

      yes chegg will acquire chatgpt in 2026 mark my words

    • @Intrendias
      @Intrendias Місяць тому

      Chegg will more so have a partnering relationship with OpenAI through their CheggMate GPT 4 model and Chegg could become a data provider given their massive database of textbook problem and answers. investor.chegg.com/Press-Releases/press-release-details/2023/Chegg-announces-CheggMate-the-new-AI-companion-built-with-GPT-4/default.aspx Thank you for watching and your comment!

    • @abdulgayour568
      @abdulgayour568 Місяць тому

      @@franekkessler489 let see what happened in future .As this is good source of learning as I used to solve questions over there

    • @abdulgayour568
      @abdulgayour568 Місяць тому

      @@Intrendias Thank you for your information really valuable .I hope this comes to normal and chegg expert gets work soon

  • @Itsjohnsocs
    @Itsjohnsocs Місяць тому

    Good video. Did you know that the expected moves for any date and probabilities of these events are provided by the trading platform already?

    • @Intrendias
      @Intrendias Місяць тому

      Hey @johnsocs1, thank you for commenting and watching the video! For example, Robinhood does offer metrics per contract like the IV for the annualized expected move and Chance of Profit for the probability of profit. This coding tutorial can help or inspire in-house probability calculations to automate research or options trading. I hope this response helps!

  • @m.n.sandeep.r.3416
    @m.n.sandeep.r.3416 Місяць тому

    Nice video

    • @Intrendias
      @Intrendias Місяць тому

      Thank you! I’m glad you enjoyed

  • @CannotBeTheHerps
    @CannotBeTheHerps Місяць тому

    “Couldn’t I just ask chatGPT to teach me Spanish”. I’m sure you could, but the fact is that Duolingo has made a platform to make learning languages easier and fun for the average person. That is extremely difficult for AI to replace. Could you ask chatGPT to do a homework assignment for you? Yes. Yes you could. With perhaps the same error rate as chegg. The difference being that chatGPT is free.

    • @CannotBeTheHerps
      @CannotBeTheHerps Місяць тому

      Also Chegg reminds you of GameStop. I don’t see Chegg being shorted over 120% of the total shares outstanding (actual # ~10%). That is purely the reason GameStop did what it did. Being threatened by technical innovations is the only similarity GameStop and chegg share

    • @Intrendias
      @Intrendias Місяць тому

      Hey there! Thank you for commenting and watching the video! These are good points! I only mention Chegg and GameStop face a industry shift. The video showcases potential value in Chegg because of the negative market sentiment while the company remains cash flow positive.

  • @patricks2695
    @patricks2695 Місяць тому

    Great analysis on CHGG. Finally someone sees and explains the deep value in this company. Yes, they might be the Kodak of ed tech, but I think the market had a knee jerk reaction and ChatGPT. The issue with LLM is that much of the data is incorrect, it's language based and the data is actually shrinking. Chegg is building small or niche LM's, the data is correct and it's improving. SLM's is the future and if Chegg has the resources to continue to build these models, this could be a huge turnaround, you just need to be patient. And I always loved Buffets cigar analogy and how you applied it to Chegg. That analogy is why I purchased it 3 months ago, but an an avg price of 3.50. A bit under water. But I am patient.

    • @Intrendias
      @Intrendias Місяць тому

      Hey @patricks2695 thank you for the comment and watching! Chegg's questions and answers database can be valuable in it of itself. It would be interesting to see Chegg sell this data for other models to use and train, or Chegg promotes their own LM like CheggMate. I'm glad you enjoyed the tie in with Buffett and the cigar analogy - it felt fitting.

  • @nhess2375
    @nhess2375 Місяць тому

    Great video Intrendias! I believe you were right on the money when you said if Chegg can keep their subscriber count stable, you will see an insane turnaround on the stock. My question is how are they going to change their business model. Yes, they are introducing AI on their platform now too; but I'd like to see a wider variety of products/services breadth in the company. I believe Chegg needs to diversify in order to stay in business. An example (it's a reach) would be hiring tutors and having subscribers being able to schedule time with a tutor. Or perhaps releasing guide books on certain classes. Whatever they do, they need to do it fast! Thanks again for the great vid!

    • @Intrendias
      @Intrendias Місяць тому

      Hey @nhess2375, thank you for your comment and watching the video! The diversity could come from different education services like you mentioned. Chegg has a language education platform called Busuu www.busuu.com/en-us. Chegg may need to advertise the value of this service better, market it, and pin it against popular apps like Duolingo to take market share. Chegg subscribers also get access to other perks like Max and Adobe that Chegg should better advertise or consider dropping if these benefits are not incentivizing subscribers to stay or convert: www.chegg.com/perks. I agree Chegg needs to pivot quick to not only stabilize but even grow.

  • @Intrendias
    @Intrendias Місяць тому

    What other options trading strategy coding videos would you like to see?

    • @ondrej5301
      @ondrej5301 Місяць тому

      iron condors please!

    • @Intrendias
      @Intrendias Місяць тому

      Hey @@ondrej5301 thank you for the comment and watching the video! I'm happy to look into iron condors and code a potential strategy.

    • @Intrendias
      @Intrendias 19 днів тому

      Hey @ondrej5301, I hope you’ve been well. Check out the new iron condor option trading strategy in Python here: ua-cam.com/video/Nv9oz51_2p4/v-deo.htmlsi=Y4UXjLFGbjPeYKd4

    • @ondrej5301
      @ondrej5301 19 днів тому

      @@Intrendias of course! i check it and it was awesome! i gave you like :) ! but it would be great if you can add the code for that in video description. Is it possible? Thank You so much and break a leg! ;)

  • @contrarianthinker
    @contrarianthinker Місяць тому

    Do you know how to code relative volume

    • @Intrendias
      @Intrendias Місяць тому

      Thank you for the comment and watching the video! I’m happy to look into doing a relative volume coding tutorial.

    • @contrarianthinker
      @contrarianthinker Місяць тому

      @@Intrendiasnot the relative volume index; just relative volume. I can email you to give you an example, if you don’t mind. Thanks 🙏

    • @Intrendias
      @Intrendias 27 днів тому

      Hey @contrarianthinker, check out the new Relative Volume coding video here: ua-cam.com/video/4NFN_1t7OdQ/v-deo.html Thank you for watching Intrendias!

  • @vidittayal
    @vidittayal Місяць тому

    Why did you use regression for calculating alpha and beta? Why didnt we use the CAPM formula?

    • @Intrendias
      @Intrendias Місяць тому

      Thank you for watching the video and the comment! “Beta is a measure of the covariance of a stock with the market. It is calculated using regression analysis.” (campusguides.lib.utah.edu/c.php?g=160745&p=1052911#:~:text=Beta%20is%20also%20a%20measure,more%20volatile%20than%20the%20market.) We could calculate the beta with the numpy covariance function instead of direct regression: #Convert to arrays stock = np.array(stock_returns) market = np.array(market_returns) # Calculate covariance and variance covariance = np.cov(stock, market)[0][1] market_variance = np.var(market) # Calculate beta beta = covariance / market_variance print(f"Beta: {beta}")

  • @Intrendias
    @Intrendias Місяць тому

    Do you think Chegg is deep value or a value trap?

    • @gaelmoreno4818
      @gaelmoreno4818 Місяць тому

      Deep fucking value

    • @Intrendias
      @Intrendias Місяць тому

      @@gaelmoreno4818 We like the stock

    • @somersault4762
      @somersault4762 2 дні тому

      I think it's deep value. However CHEGG is still in downtrend as AI stocks are still in the bubble

    • @cxcx91
      @cxcx91 3 години тому

      Chatgpt is a great resource for learning. Its extremely powerful in term of paraphrasing, which is helpful for those literature and arts students. However, Chegg is a mandatory for those science/engineering students who need the precise answers to the questions. This is the fundamental different between Chegg and Chatgpt. I believe 99% people will disagree with this conclusion. Anyways. Base on what I am saying. Theoretically. Chegg has an irreplaceable value compare to Chatgpt, especially when it is integrated with Chatgpt. It should survive. However, the capital market is bloody. Since I have seen First Republic Bank falls, Its hard to tell if there are capitals trying to hostile takeover it. Especially, now, Chegg is one step away from liquidation. Luckly, most people now do not realize the value of Chagg. Like I said, 99% people will not agree my statement to the fundamental difference between Chegg and Chatgpt. They think Chatgpt can do whatever Chegg can do since it's so called "AI". To many people, currently, AI means "god", "can do anything", "magic", "miracle", "replacement of human brain", etc, and so to those capitals. one day, when people finally understood, that, AI is not a magic, it means "cognitive science", "linguistics", "machine learning", "data mining", "statistics", "computer science", and all of those "unremarkable" undergrad/grad topics. They will eventually lose interesting of this fancy word. And whenever the capitals somehow got to know the fact that all those students from those "unremarkable" undergrad/grad majors are relaying on Chegg, its time they hostile takeover it. If Chegg does not earn enough money to buy itself back before that time, it is going to be the next First Republic Bank. remember, First Republic Bank has its own value, but its still bye bye.

  • @jburns3210
    @jburns3210 2 місяці тому

    Thank you, well explained.

    • @Intrendias
      @Intrendias 2 місяці тому

      Thank you for watching and your comment! Let me know if there’s other coding topics you’d like to see!

  • @Intrendias
    @Intrendias 2 місяці тому

    What other topics would you like to see next?

  • @abdullahsharaf6462
    @abdullahsharaf6462 2 місяці тому

    i'm shorting vix next week

  • @Intrendias
    @Intrendias 2 місяці тому

    See free buy and sell signals on stocks, cryptos, and ETFs at intrendias.com! #algorithmictrading #tradingstrategy

  • @Intrendias
    @Intrendias 2 місяці тому

    Check out intrendias.com for free buy and sell signals on stocks, cryptos, and forex!

  • @TheMondalmithun
    @TheMondalmithun 2 місяці тому

    Thanks for sharing this with us 👏🏽 waiting for the next one.

    • @Intrendias
      @Intrendias 2 місяці тому

      Hey! Thank you for your comment and watching part 1. Here is part 2: ua-cam.com/video/k6KLUK-LqlQ/v-deo.htmlsi=ErdHW_0Qs6AFu6dH

  • @Intrendias
    @Intrendias 2 місяці тому

    Check out intrendias.com for free buy and sell signals on the Intrendias Terminal! #algorithmictrading #tradingstrategy #python

  • @Intrendias
    @Intrendias 3 місяці тому

    Check out intrendias.com for free buy and sell signals on your favorite stocks, cryptos, and forex! #algorithmictrading #stockmarket #tradingstrategy

  • @Intrendias
    @Intrendias 3 місяці тому

    Check out the full code for free on Intrendias: www.intrendias.com/post/how-to-calculate-probability-distribution-of-stock-returns-in-python

  • @Intrendias
    @Intrendias 3 місяці тому

    Check out the blog post for the earnings list with buy and sell signals! www.intrendias.com/post/buy-and-sell-signals-for-october-7th-earnings-week-stock-earnings-predictions

  • @anandakumar8829
    @anandakumar8829 3 місяці тому

    I can see, thank you so much ❤

    • @Intrendias
      @Intrendias 3 місяці тому

      I'm glad you enjoyed the short video! I am increasing my position in Bitcoin waiting for this bullish breakout

  • @Intrendias
    @Intrendias 3 місяці тому

    Check out intrendias.com for free buy and sell signals on the Intrendias Terminal! Search stocks, cryptos, and ETFs for free! #algorithmictrading #tradingstrategy #python

  • @seanmoore4915
    @seanmoore4915 3 місяці тому

    Great video! I have been chopping Wing financials for the last 3 quarters and no matter how you cut it, this thing is MASSIVELY overvalued. Even if it does multiply it’s store and sales footprint by 3 as the CEO suggests, it would still be overvalued exponentially. The PE and negative ROE along with an average product in a saturated market shows metrics that would be crazy to buy at 425 per share todays price. This thing was up $7 in the first half hour of trading on 410 shares- heavily manipulated and institutionally owned. This valuation is a head scratcher to say the least, much easier to short at these levels than to go long IMO. I am going short against $425 and will DCA if it runs more.

    • @Intrendias
      @Intrendias 3 місяці тому

      Thank you for your comment and watching the video! Definitely a head scratcher for sure. Market is pricing in hyper growth while consumer sentiment is sluggish. I wish you success in your short trade.

  • @piphunter
    @piphunter 4 місяці тому

    Thank you for the video. How would you turn that into a dashboard so multiple instruments could be monitored in relation to the levels?

    • @Intrendias
      @Intrendias 4 місяці тому

      Thank you for watching and your comment! If you would like to create a dashboard I recommend python dash. Dash enables you to build analytical web applications without leaving python. In the same dataframe, you can calculate other technical analyses and add data to monitor against the levels. I hope this helps!