Market Maker's Club

Iris is the social media site for traders, Nancy Pelosi's husband, and his clout in the trading space. Feds are struggling - under investigation and losing 2 important elements. Apple, Tesla, and Disney are the focus this week. Where is Apple trading today and how far has it come since December of 2020. Tracking big traders' habits, in the money and out of the money. Getting the info 30 days late but looking in hindsight to create that strategy moving forward. Daytrading vs. Options Trading and how information needs to be looked at differently within each strategy. Joe has been light in trading over the past couple of weeks - when there are feds resigning and things are up in the air, how to know when to move and when to keep your hands in your pockets. Keeping an eye out for loopholes, corruption, and removing emotion to just use it as information that you can use in your trades. TD Ameritrade 'Think or Swim' preferred by Joe and risks of Audit through Coinbase - even if you don't use it for trading. Joe tells JL his personal Audit story from 2020 and dissects the details.

This week, Joe, Rick and JL talk through a little bit of traffic stop law, sports, and options trading for beginners. Ways to use a mock trading account to build your confidence and shift your perspective helping you to look for trade ideas in everyday life, Turning opinions into profits and how being vulnerable enough to share the losses as openly as you share the wins can help the options trading community as a whole.

Rick returns to the Club to join Joe and JL for an AMC prediction to double in 3 months - Call spread walk-through, 5 point vertical spread, and $1500 max payout from a .63 investment. Betting against the world and getting it wrong, waiting for the perfect bet to hit and when volatility can play in your favor.How disruption can breed uncertainty, the market doesn't care about the hottest topics in our country right now, and why it's important to separate personal opinion from the trading strategy. Sports talk, betting options, and how to scope out the odds that are in our favor!

From heated topics surrounding politics, mandates, and conspiracies to Sunday night football, long-term capital gains, and video games, The Market Maker's Club has a topic for everyone. Joe and JL dive deep into opinions, options and using our opinions to trade options. Is the United States on the road to becoming like the CCP, are drug companies really profit led with ulterior motives behind the drugs they manufacture and who is in on this ploy? Join the conversation and DM us on Instagram to let us know your opinions and what companies we should start looking at for news to put together a call spread.

Rick aka "Uncle Gus", joins Joe and JL once again to kick off the show with some current events happening in Afghanistan. This tragedy has lead Joe to believe, without making light of the situation, that there will be a lack of people investing in the Market. One strategy leading Joe's options goal is to make small bets that have a high probability of happening. All time record high S&P and Nasdaq record high over the weekend, negotiating with terrorists and how Banana Republic our country has become. Are we a country that expects the best setting ourselves up for failure while the rest of the world expects the worst leaving them more satisfied with their lives because of it? Tune in for the inside details on how a seasoned trader uses all of this and more!

Joe and JL are joined by the host of Problem Solved, Silent Lee. Jumping into call spreads below the money, what the terms are for trading in this situation and how to navigate the different variables. Robinhood back in the conversation, DraftKings and Geopolitically influenced this week's put spreads. When to cut your losses if you're timing a sell off, how expensive you should allow your bet to get and protecting your portfolio. Trying to catch a rotation from technology to steel in a 52 week spread, breaking down the percentage of return, and how to create balance in your life as a trader. The benefits of a small Delta option, marker's in the Middle East and Geopolitical predictions that could influence our next trap.

Returning this week Rick and JL join Joe to talk sports, equality and war leading into a heated discussion about opinions, change and government. Why should things change based on a small group's opinion vs. making change in the name of doing the right thing, taking advantage of the warning signs in a Bullish Market and going back to why it's important to pay attention to the news from a trader's perspective... all strategy, no emotion.

This week Joe is joined by a much talked about friend and former student, "FBI 1". They go back to when FBI 1 worked for the FBI, then his journey to becoming a Crossfit Athlete and then his experience as Joe's first options trading student. How the Stock Market is basically the largest casino in the world, how to work from idea to reward, followed by why focusing on Verticals and Butterflies is the go to strategy for Joe and his students. Why is the SPX favored by the Market Maker's Club program and SPX wins from a student's perspective, turning 10k into 70k and how he turned an $800 bet into 45k in less than 30 days.

Rick returns after a short hiatus to join J.L. and Joe at the roundtable discussion. Profiling from an unbiased perspective, generational cycles and translating this to taking a side in the market. How current geopolitical events can help us strategize for short term movement and long term, from the U.S. pulling troops out of Afghanistan to China's currency and market rights. Who cares if the United States is number 1 and can anyone speak to the point of competing for the world title when it comes to currency, commerce and future opportunities? Leading into earnings week Apple and Tesla are leading the call spread conversation today, focusing on these generals in the market and tracking the index based on the broader economy. Earnings percentages are increasing significantly which can be a sign of a strong short game. Covid is still looming with rumors weaving throughout creating some opportunities to make small shifts in our bets for a return that will stack up but not overwhelm. Cleveland Indians change their team name to the Guardians, how the history behind the name softens the blow, how sports betting skills can be translated to options and opportunities to use it to your advantage.

ETF's and how it can help you find the stocks for you without tons of personal research. Joe walks Stephanie and JL through a sell-off in the Market and how we can use that in our short term strategy. Why Joe likes the XLF and the XLT and what kind of predictions he has for oil and in the Middle East, influencing his movement. Taking a deeper dive into a Butterfly in context to gain clarity in the strategy. Lee joins the conversation halfway into the episode as the topic moves towards the Olympics, predictions and historical moments that have happened within the games. How to factor Geopolitical events into your strategy in order to create a trap based on how past events panned out. Hasbro, Nike and Kanye might be the center of controversy in pop culture but their controversy is our opportunity. American Depository Receipt (ADR), as China gains power, we focus on small controlled bets to iron out the kinks before it gets big. Revisit space and the effect Russel Brunson's commercial trip to space had on Virgin Galactic's stock, where Jeff Bezos' trip could take Amazon's stock, and why a majority of people who win the lottery are broke within 2.5 years.

Joe and J.L. take a trip through the backstory of how J.L. met Market Maker's Club Co-Host, Rick Kellar, how it affected his life and why you should seek out someone like Rick and hang on tight to keep yourself grounded, elevated and challenged. How Market Making is seen differently in different parts of the United States but still relevant to all and more accessible than ever. Joe gives the rundown on the SPX drop last week, how they formed a strategy based on trends and J.L. asks the questions every beginning options trader needs to hear. Better understanding a Risk Defined Bet, Earning Periods and the importance of liquid options, why these are the best foundational learning tools along with learning to find the sweet spot between stimulus and response time. Join our Slack Channel #HBOTTRADE to add to the conversation and start learning how you can start making your money work for you! #HBOTTRADE Link: https://app.slack.com/client/TKR2D628Y/CKR2J6HC5

In a roundtable-style discussion, Joe, Rick, JL and Stephanie fill this episode with everything from International Soccer rituals and Government clearance to Virgin Galactic and Richard Branson's dream to bring space travel to the everyday person. These topics might sound off the mark, but Joe goes over how we can use events from the past and in the future, to change our perception of everyday events, historical or average - regardless of the outcome, and how we can use them to work for our money!

Olympics Hammer Throw, Euro Cup and the Cultural difference when it comes to respect, passion and protesting on a public platform. Generational lessons from J.L., how the squeaky wheel doesn't get the grease anymore... it just gets replaced. What is causing the divide inside of cancel culture, media, soviets or is it something we are doing to ourselves. Individual wrongs vs. societal wrongs, how do we find a middle ground without taking it to an extreme? Short Squeeze focus, and how it forces the stock to go up quickly, the opportunities in trading derivatives. Joe talks through Express and Rig stock, bets he put on and how a mentor can show you the appropriate move when you are trading options based on past trades.

Joining the show again this week, JL jumps into a discussion between Joe and Rick about UFO's, who has the info and how we can use it for a trade. How does the NBA run a more legitimate operation than a U.S. Election, How Global Corp. Tax could hurt the Market, Capital Gains could double and the Middle class could end up carrying the weight if a predicted Geopolitical event comes to fruition. Rick takes us back to a text Joe sent him one year ago predicting a SPX Delta increase inside of a Bull Market Cycle that came true and made him half a million dollars. The strategy Joe is putting in motion now in a weekly put spread, creating the potential for a $10,000 a week payout proving that this doesn't have to be a full time gig. JL connects his understanding of sports betting to his strategy in options trading, Is the U.S. in the process of creating their own digital currency, what that could mean for Bitcoin and how it is traded.

Coming to you with a Trifecta this week, after a 3 week hiatus, Joe is joined once again by Rick Kellar and the 19 year old son of Rick's long time best friend who goes by the code name "JL". They are jumping right into some hot topics off the bat, weaving through controversy surrounding social sensitivities on Memorial Day, including censorship in the name of staying "neutral" on a public platform all while muting the important stories of our nation's history. Do situations like this remove the opportunity to relate to others with empathy resulting in a society that leads with emotion and just looks for an offensive party to attack or are we moving towards a more progressive and blissful way of living by ignoring the past, while looking forward in ignorance? The old rule of no politics or religion at the dinner table has fallen to the wayside, leaving us with a carefully curated narrative fed to us through the media in a controlled environment that is merely staged to look "uncontrolled". Moving into a discussion surrounding 2 large market indicators, the US Government and the US Steel Trade. Tracking the small sector rotation that was detected in 2020, where they are now in these call spreads and why they feel the volatility of the Insurance spreads signal they are overdue for a correction. Marking an inflationary event happening this week, whether in PPI or CPI, the market is set up for bad news; lucky for us as Market Makers, bad news for someone else can be made into good news for us. How Bitcoin and even minimal Coinbase activity can trigger an audit all while being told Bitcoin is anonymous, setting up our students with Options Trading as a vocational skill the right way and what's in store for The Market Maker's Club Mentorship Membership.

Joining the Market Maker's Club discussion this week is Managing Partner at The Pinnacle Group and High End Insurance Concept Specialist, Lee Pinover. Lee chimes in on Joe's strategies and sources, Tax Free policy and how it is attractive for high net worth individuals. Drawing connections from Smuckers ability to pivot during a global pandemic and how we can all use that information to our advantage. Joe's 52 week high starting point, Amazon's news surrounding Marijuana and their employees followed by a round up of insurance connections, high net worth individual's choices, taxes, why they don't know enough information about their own tax balance and how that could be hurting them in the long run.

This week Joe is joined, once again, by millennial entrepreneur Stephanie Llewellyn, to talk about the questions we all have as beginning Traders, Market Makers and Investors. One of the biggest issues people face when they discover options trading, breaking it down and relating market making to what you already know, making it easier to learn and apply on your own. How Market Maker's think on a daily basis, how they take in information through various conversations, news outlets and online forums like Reddit and Slack. Is options trading just a side door to investing and what does this mean for the world of trading and investing? Keeping things legitimate and avoiding errors to get the most out of your strategy, predicting good news and bad news in the future market to make decisions and using things you're interested in to make your way into options trading. Joe slows things down for us and explains how he is becoming a part of the Bitcoin Market without actually buying digital currency, his thoughts on the market and importance of not overanalyzing the motives of big players in the Market, like Elon Musk, but more so focusing on how we can make this work for us in our strategies to grow our money in the market. Join Joe and Stephanie, in this episode, as they take a deeper dive into these topics and more!

This week we are changing things up, Joe invites Millennial Entrepreneur and single mom Stephanie Llewellyn onto the show to dive into the beginner's mind and mentorship, asking all of the questions you are thinking as a new trader. What is a Market Maker and how is it different from Investing, why are millennials big in Uber, Postmates and Direct Sales but not in Market Making? Do they feel like it's too far off, too risky and unstable or do they just not know it exists? Joe breaks down how he got into Market Making, how he speaks about options trading in terms his students will understand, paying it forward through mentorship, and how he can help YOU start your own Market Making Business to grow your income. If you are in the "elementary school" of Trading, Investing or Market Making... this episode is for you!

Joe paints a picture of his days on the floor at the Chicago Board of Trade, how it helped him grow as a Day Trader and what will change now that it is becoming a thing of the past. Day Trading has quickly gone from a low volume, virtually inaccessible, Market to mainstream thanks to companies like Robinhood. Is this a positive or negative or is more time needed to collect reliable data to decide, the different skills needed for floor trading vs. electronic trading, why it's different and who is benefiting in the long run? Historically speaking, middle aged white men ran things on the floor but is this new found market freedom leveling the playing field for all demographics? Beyond the skills, Rick and Joe talk about liquidity and volatility, how it provides security and risk at the same time and how this is affecting the way the market works today. Is Weed the best trade of Rick's life to date, how Joe became a large investor for Harvest and the creativity that has to go into trading something that is not yet legalized in all states. Leaving the Feds out of the transactions, buying and selling without banks, box trucks full of cash and why the legalization of marijuana has non-smoking investors, and traders alike, chomping at the bit.

Jumping right into the controversial topics this week with a discussion surrounding data and how each day we are moving closer to treating it as it is where "The Oracle, the all knowing and all seeing factor we rely our actions upon. Is the new form of Theism... God = Data and who is really controlling "the data" we hear so much about? Are we putting too much emphasis on the so-called facts or are we just perpetuating a modern day Salem Witch trial situation? From controversial to complicated we shift to difficult trades, short squeezes and how we can avoid missing out on another Game Stop situation by getting ahead of the younger generation, or at least listening to what they have to say. Why shorting a stock in the current market environment is damn near impossible, talking chip shortages, straddles and TLT trades followed by a live trade done in the studio. Listen in to find out where we are at this week.

We often talk about how politics and business can affect the Market, but what about social injustice and Foreign Adversaries? How these pivotal factors are playing a huge roll in our society and the Stock Market, why they are forcing our society into a seemingly misanthropic state, one narrative at a time and how we can use, even events and agendas such as this, to read the climate of the Market and what may or may not be just around the corner. Joe takes us through a Snap trade he worked on with one of his students recently, the key terms you should know, and why we cannot be resistant to new currencies or ideas surrounding the Market, specifically within the Token Crypto space. As you learn this world, you will find the strategies we have implemented, while they may seem complex on the front end, will allow you to turn around and apply them to stocks you're interested in like it's second nature. Joe and Rick talk through why SPACs are dead, the reasons for buying insurance against your Portfolio, and why you need to stay ahead of The Wall Street Journal's headline story.

From the Amazon Controversy and talk of a rising tax on Capital Gains, to an economy flushed with cash , it seems we are living in a world of embedded inflation with no way out. All of this makes us wonder, will trading incentives disappear all together, what affects will all of this have on the S Corps and C Corps especially living in the midst of the Covid fallout? Are oil and gas on the brink of an industry explosion, how do the problems in the Middle East send a negative ripple effect across the globe and Bitcoin... does anyone really understand what's going on?

This week, current events play a heavy hand in market strategy with focus on stimulus dollars, vaccination station, and why Amazon, your local bank and Walgreens could be your best bet in the market for the next few months. Joe and Rick talk bull/bear indicators on a sliding scale, and how to use a portfolio manager's cash flow to make an educated bet surrounding supply and demand. Are we having less down days because there is too much capital, when to buy in on insurance and how you can use straddles as your indicator for the beginning stages of volatility before it's too late. Dealing with halted dividends, using your call spread for max profits and the importance of learning to buy and sell stocks synthetically.

Joe and Rick highlight current events in the market surrounding Family Offices, Non-Fungible Tokens, and Collateralized Currency. Why do Pawn Shops have tighter regulations than Security Markets, is racial equity more of a concern for the Feds than systemic risk and favoritism? The future of the US Dollar, how weak is it in the context of the digital age and how can we use that knowledge, or prediction, to form a strategy. Joe invites listeners to submit their trades for strategy, walks us through another Iron Condor, a 1-day scratcher and opens a discussion with Rick about the uncertainty of the 10-Year Yield, how it could affect interest rates...and how soon we should start to prepare for the worst.

Joe and Rick talk through last week's straddle and how to recover when the strategy doesn't work. Understanding why the buy is easier to learn than the sell, as a beginner. Digging deeper into the art that is "Managing the Trade". Joe gives us a recap lesson on an Iron Condor and how SMB uses a double call calendar strategy to extend their profitability ranges. What are the goals of The Market Maker's Club, the value in the old school round table mentor mindset and why finding out that someone else is already doing what you want to do doesn't mean you should shut it down... it just means there's already a proven need for your product or business in the market.

Joe and Rick kick off this episode with a few highlights surrounding current events to show how politics and the supply chain climate can effect your market predictions and help you formulate a trade that offers opportunity and financial growth. How Covid and Chinese tariffs have thrown the market, and economy as a whole, for a loop. Is there a way to get ahead of it, or are we in the midst of an inflation trap?

Rick deals with missing the mark on a trade; meanwhile, Joe talks us through a simultaneous win. Why Market Makers are always talking about liquidity, and how you can use it to your advantage, as a beginner, to make an informed trade. How to use a "Bid/Ask/Last" strategy to read a trade and find opportunities within the market, the value of building a reputation with other traders and why being part of a network like The Market Maker's Club can set you on a direct path to success in Market Making.

Joe and Rick revisit a trade that was done live in episode 3, while diving deeper into the conversation of Market Making and Derivatives Trading as a beginner. Why the Average Joe's ability to spot trends and everyday inconveniences in direct correlation to making trades might be the key to success, and why the SPX is the best place to start but not many do.

Are there ways to improve focus and results to become a Top Gun trader? Rick joins Joe to share how past experiences have shaped his approach, tricks for translating terms, how to stay in control, the importance of balance when trading, and the key to avoiding a serious crash. Plus, are SPACs overtaking IPOs?

Joe and Rick take a look at what the stimulus might mean for the economy, is inflation a concern, finding opportunities in uncertainty, when to make a move, short-term pops and long-term drops, and the best way to make a risk-defying bet!

We kick it off with a great conversation with my dear friend USA-1, who is either the 1st or 2nd member of the Hudson Board of Trade (HBOT), depending on who you ask! If you'd like to start thinking about the market in a new way, and come through the other side to a new way to trade, this is the episode to get it started. We talk GameStop, SPACs, and all the recent goings-on; what to make of them, how to take advantage, and reveal why this can actually be a more conservative way to trade.

A sneak peek at what's ahead in our Club!