Hello,

the robo-capitales. Hope you're well. I'm here with my good buddy, Patrick Sorezna.

And he is going to tell me why I suck at options trading.

Patrick, go for it, buddy.

Now let me set it up a little bit better than that. So most of you

know that I think that we're headed toward, likely headed toward a recession. There's no certainties only probabilities. I think the majority

of the data that's coming out now builds on that thesis, meaning the probabilities are actually

increasing. And a lot of people on the channel say

George I'm gonna short the stock market I'm gonna short the stock market because we're

gonna have this big crash I'm like well Nate maybe we will maybe we won, maybe the Fed's gonna come in and buy stocks like the Bank of Japan did.

And if you're trying to bet on some storm clouds coming our way, I much prefer to bet on the long end of the curve

going down. You want to use the T.L. T.T as a proxy for that. And so what I did as most of

you know is I bought call options on the T.L. T.

back, it was either July 30th or 31st.

And I did very well, but I sold half the position.

Well, the volatility was still high and there was some liquidity.

A few days later I made maybe 60 or 70 percent on the trade. Fantastic.

The problem is I was only able to unload half of my position and the position that I still have

it's it's long T.L. T. T. T. T. T. T. T. has gone higher. because there's no liquidity for a variety of reasons,

the TLT has gone higher and higher and higher

and higher and higher, so my base case has been correct,

but the value of those options that I have left

...