You know i thought to myself: what's sort of the the best way to encapsulate uh the crazy day that we happen to have, and i don't see really any any better way than an illustration south park style of uh ryan cohen today. So here's an illustration, as you can see, uh this right here is ryan cohen. This right here is ryan, cohen's, ball, sack and uh. This right here is a wheelbarrow and he's just kind of hauling along this uh.

This ball sack in a wheelbarrow having himself a great day guys what is up it's your boy, trey, coming back for another freaking video, like your brother's, what's going on flash advising that financial advice, please take a great assault, let's get into the video, so i got Ta be honest: i was getting ready to rip this video, this beast this video and all of a sudden uh, i'm within five minutes of hitting the record button. I was thinking god crap dude, this sucks like we're just in a tough spot. I mean i was looking over some levels and they are still possible. We are going to go over the levels.

I do think that is important, but then we get slapped with this gamestop news right now. I want to make this perfectly clear: gamestop is going to run harder than amc because of this there's, just no, if ands or buts about it, there's no doubt about it. We got to be absolutely real with ourselves and i want to start off by saying that, because it's important but here's the agenda for the day right, we're gon na talk the game, stop stock, split news. This is this: just literally came out in the after hours.

Uh ryan cohen's been tweeting like a beast lately and uh. I want to discuss what this sort of uh implicates, so we're gon na talk about a couple things that was mentioned in the article in case you'd like to see my sourcing. This is coming from uh unusual whales, so check this out. Here's the the source it comes directly from an 8k uh, we're gon na discuss what this sort of looks like.

They had talked about a stock split and a dividend. So i'd like to talk about the dividend, i'd like to talk about what this means for the stock price, specifically uh, the usual market reaction - i'm actually giving you some some examples, because there are some solid ones that have come up in the past here and then I'd like to discuss what this kind of means uh for the the for the gamestop situation and ultimately uh amc - has a sympathy to that without uh. What that would implicate so we're gon na go over the game. Stop huge moves that are likely sympathy, movers, uh and then potential for exposing shorts, because that's actually pretty uh pretty dang huge.

This is a big reason why i've been uh really kind of knocking on the door about wiping out debt for amc, because what you just saw happen for gamestop could very easily be something that that that amc can do as well. So with that being said, after we dive into that stuff, i'd like to go over the levels, the options chain - i'm still not i'm not happy about the options chain right now. I think they're gon na be i tweeted this out earlier today. Uh - and maybe this has been doing a better for an entire video in and of itself uh, you guys, let me know if you'd like to see it, but it was basically talking about this right here.

Another way to put it i wanted, i talked about the halts in the options chain. So if you want to see that in and of itself just a a whole video, let me know in the comment section, but i'm gon na go over the options chain and then the bull bear case scenario heading into tomorrow. Uh, the bull scenario looks a lot better than the bear uh than it did. I should say about 15 20 minutes ago, so that's something to be pretty decently.

Happy about. After that, i'd like to go over the spy play uh, because i did outline some levels and if this then that sort of situation right, if this happens, you play a call. If that happens, then you play a put uh: stop loss entry, runners exit all that sort of stuff we're gon na go over and review what the the the chart actually did today and see if there's some opportunity and then tomorrow's play is actually going to be Amd and i i know it might sound weird because amd absolutely tanked, but i'm going to show you exactly why and at the end of the day, all you're playing is charts. Man, i mean charts or charts are a piece of cake here.

So with that being said, let's dive into this and save as much time as we possibly can so gamestop comes out today, ryan cohen comes out today and uh. You get this right. Unusual whales tweets this out breaking gamestop split, confirmed in the 8k via a dividend, and if you look at this right, what you're going to notice is that they're going to be voting for shareholder approval on uh, an actual matter at hand here. So i'm going to copy this this image, i'm going to drop this in microsoft, whiteboard and we're going to draw on this and show you what i think to be uh some of the important key parts of this right, so we're looking at this 8k right now.

What you're going to notice is on march 31st. Let me just uh pull up the actual here. We go on march 31st right here: uh gamestop announces plan to request stockholder approval at the upcoming 2022 annual meeting of stockholders for an increase in the number of authorized class uh, a common stock from 300 million to 1 billion through an amendment to the company's third Amendment and restated certificate of incorporation - you might be thinking to yourself - oh no right, right, they're, just asking for more shares whatever, but this is something they're actually planning to do so that they can have this stock split uh operate in a different way and the key Word here right: this was this was dropped by unusual whales, and i find this to be interesting. Uh, it's via a dividend, now a dividend, there's there's some key parts that we have to understand right in order to truly implement a dividend.

The way that you'd like to uh, the fact of the matter is this: debt right gamestop is very cash heavy and that is going to influence the way that they're able to issue a dividend if they would like to do something like that uh. So because of this because of their uh lack of debt is probably the the key thing here, plus a heavy amount of cash they're able to do something along these lines, so we're going to read read onwards and then just to just reiterate right. Obviously, we know that amc has a pretty heavy amount of debt right now. This is why i've been screaming.

I've been banging my head against the wall for the last one months, two months. Whatever saying, i think that the big key thing that adam aaron should do to really prep his company is get rid of some of this debt, because that's just going to open the door for them to do more things that they'd like to do in the future. So we're going to read on right check this out in order to implement a stock split of the comic con class, a common stock in the form of a stock dividend and provide flexibility for future corporate needs. Gamestop also intends to request stockholder approval at the annual meeting for a new incentive plan to support future compensary equity issuances.

And if this is approved by stockholders, it will replace the current 2019 incentive plan. Uh and eight million shares of companies class a common stock plus any shares, subject to the 2019 plan that expire, our forfeited cancelled terminator, said on the cash yada yada yada yada yada yada. So the big takeaway for me is this right. There's a couple of big buzzwords here that investors typically like and there's some great examples of this, you think of amazon, you think of tesla uh, you think of nvidia, just a company amounts announcing a stock split.

That tells you something right. Let's think about this. In terms of basic supply and demand, what does this tell you in terms of supply and demand? Right tells you that there is a ton of demand. Demand is incredibly high.

Stock price has been going up whatever right, and they they personally believe that maybe it'll just be more accessible. If the stock price is cheaper, maybe it'll be uh, it'll, give them more options to do what they'd like to do with this new incentive plan and with the stock dividend you can see. This right here provide flexibility for future corporate needs. Whatever uh, we, we don't know sort of the full details of what this is going to look like, as this is announced today, uh in anticipation of the next overall gamestop corporation stockholder meeting, which is going to be coming up.

So uh they're going to be ultimately voting on that. That's going to be something if you are a gamestop investor that you want to pay attention to, but let's just look historically at some important things that this could mean for the future right, a dividend who pays a dividend right. This is this is something that a lot of people have talked about. I'm actually uh.

I've talked about this. You know a little bit and there's been some others in the community who have been very, very uh, keen on seeing a dividend and truthfully. So you know i myself have come out straight forward and said: dividend means they have to have no debt right dividend. No debt amc has a hard time with this.

You can't really pay a dividend uh without any debt, at least by the the books. The the the natural sort of way that you typically see companies do there have been other ideas. You know we've seen nft ideas, uh we've seen a variety of different means that this could get done, but at the end of the day you know it hasn't been done for amc and i personally believe that's because of debt right they have debt. They haven't satisfied.

This equation of dividend equals no debt, so who's gon na pay the dividend right shorts, the shorts pay, the dividend. That's actually a really key thing here where, if gamestop has naked shorts, which seems pretty plausible seems pretty likely just be honest here, right, uh, what's gon na end up happening are shorts kind of expose themselves? I mean this is this is really a best case scenario for gamestop and something that i'm actually pretty excited to see. This is this is what you're hoping to work towards for uh for really busting down on some of these guys, who, i think, crookedly, try and wipe out retail investors, and i don't think it's a coincidence either by the way. If you want to look at ryan cohen, just pull up his twitter, what has he been doing? What has he been doing for the last week? He's been talking about how much he hates hedge fund short sellers check this out, which is more reprehensible.

Hedge fund short sellers are overpriced, consultants, he's been going on and on and on and on and on about how much he hates shorts. So what do you think this is really about right? I'll, tell you this all day, long ryan cohen, the boss move it's a boss move! I mean you know exactly what's on his mind and that's why i wanted to draw this picture because this dude's just got huge balls. I mean he's, got some diamond encrusted. I got ta draw a little diamond down here.

He's got some diamond encrusted, nards dude. I mean that is just a really cool thing to see that doesn't look anything like a diamond, but you get my point uh you. You really understand why i did this right. This is this is pretty straightforward and explainable uh.

Just by looking at sort of his tone as time has passed, uh, which brings me to this - it ultimately depends on how they end up uh executing this. This stock split right. I'm not gon na get into the nitty-gritty details here, but stock split, plus dividend dividend, meaning you could receive some form of compensation. I don't know what that's going to look like gamestop will have to go over that themselves.

The management have to go over that themselves. Whatever uh, but a stock split, typically means cheaper shares. When you look at tesla, tesla's done stock, splits and the chair, the shares got cheaper because they increased the float right. Uh amazon, they just announced the stock split, and you saw you know.

The same thing basically happened. I don't know if it's been executed, yet don't think so. But let me just show you what this uh, what this actually looks like in real time check this out for amazon, i mean look at this: it went from a low of 2723 up to, in the same day, 3 300 bucks a 500 move off of the News of amazon planning on doing a stock split nvidia. I remember a very similar situation.

Tesla. I remember a very similar situation. These are typically responded to positively by investors. Right, it's it's, the exact opposite of reversible reverse play would be.

Ah, we don't look very good. We got ta have to decrease the float, increase, the stock price, typically you're doing this to maintain sort of listing requirements on maybe the new york stock exchange or the nasdaq or whatever it may be. But this is bullish. That's a good thing and the usual market reaction is positive.

You typically see a good move to the upside, as i just kind of showed you with amazon and, as i'm sure many remember, with tesla and with nvidia. But what does this mean right? The big takeaway shorts can expose themselves. That's really really huge, so gamestop huge moves very likely. I would expect game gamestop's, uh sort of momentum to continue and what that ultimately means is, as an amc investor.

Your sympathy move to this right. I do not expect it's possible who knows right: i've seen crazy market. I think that the way that these stocks, trade right now is crazy market to begin with, but expect amc to be a sympathy mover to that and, ultimately, i'm just being straight with you, i mean there's no beating around the bush here. This is just a baller move from gamestop and you'd expect amc to be the sympathy to that, not the leader of that.

So that's just kind of how it is uh, but i think it is going to influence as we've seen before, and you can see it in the after hours. Algos do move uh amc stock in tangent, with in tandem, i should say, with uh gamestop right up. 14.61 amc has no news up five percent the algos buy these stocks. The exact same way, you can't tell me for a second that retail is, is the one that caught this news immediately at the one minute mark i mean you know exactly what this is.

You know who gets the news first, so you know who's buying this. It's the algos man, the algos move these together. So i would expect uh amc to have some sympathy. Moves bed bath beyond probably have some sympathy, moves, uh, maybe nokia, maybe blackberry, maybe maybe pbig, maybe mullen whatever any of the meme stunks any of these small mid cap companies, these growth companies.

I would expect to move alongside that, not necessarily tomorrow uh, but i i think this is a reaffirmation of sort of what i've talked about and honestly a bonus. I didn't expect this. I think it's a bonus to my 30-day theory in which i personally believe the small mid-cap company is going to have a great freaking 30-day period, specifically amc, obviously gamestop thrown into this. But you can, you can add up all these different names.

I think this is just in addition to a beautiful sort of setup right, so sympathy movers. I think amc is going to be obviously a part of that. You look for the potential of exposing shorts and i think this acts as an example, and if i was to make any statement right now, you know adam aaron. I think you've done a lot of great business decisions in terms of keeping the company alive right uh.

At the end of the day, i wish he didn't dilute so much. I wish he didn't dilute so much. I think we all kind of wish that uh. I wish he'd pay off debt and that's really where i'd like to go with.

This is what you just witnessed today with gamestop is possible uh with amc, i'd love to see it man. I really would i'd like to see i'd love to see. I a come out here and do exactly this time will tell time will really tell so: let's go over the amc levels, the options chain the bull and bear case scenario uh, because the options chain on amc is probably what makes me the most sweaty. Ah, you really really really really really got ta see a decent sized move up for these options to run in the money.

I've talked about this before we'll say it again. They added a whole bunch of strikes on monday morning when the market opened, you had 40 strikes and then they added the 41 through the 51, which decreases the amount of demand by increasing supply. You've got 12 000 open interest at the 44 500 at 51. 4050..

You can see what this is doing. This decreases demand, because all that you're doing is adding an extra extra amount of liquidity for perhaps naked written calls. I mean you can absolutely do that. This is a way that that shorts can actually hide short interest is within options chains so uh, that's.

That makes me a little nervous, but there is some good news. I want to show you guys this, and this is actually kind of mind-blowing. Let me come back quite a ways on amc's chart. I want to show you what happened back in january.

So if you look back in january before you got this huge move up to 25 in the in the pre-market on what i think was a wednesday, what did you notice right? You notice that pretty decent size move up. It went from about 477 up to 859 about 100 move, maybe you're just shy of that. Then it gapped up and had a huge move. The next day now i got to be straight.

I thought that maybe today you're going to see that gap up uh begin. I thought it'd be in the pre-market raptors yesterday after i was yesterday p-market today, but this could actually be the setup this could could be. It could be right does not mean that you should make any rash decisions tomorrow, daily expirations, if you're gon na do that stuff just know the risk. I mean that's a lottery ticket uh with absolutely that with no shadow of a doubt right.

But this has i'm a little more. I've got a little more faith than i did uh this morning. I'll tell you that way. This is the setup that i was hoping we would see two days ago, uh and it's kind of coming to fruition right now.

So let me start off with the worst case. Bear case scenario. I think, there's a really key level here right. I've got drawn up two fib retracements.

One of them is from the bottom of this huge run run-up from 1292 to 34. The second one is at the base of the biggest part of the move, which is right here, and what i noticed is that if you were to take the 78.6 from this uh, this smaller retracement and the 50 from the larger one, it creates what i would Kind of like to think of as uh as a strength box right. This is a point that i think is going to be very hard to break. The bare case scenario to me is: if you break underneath that box, which is between 23.45 or so up to about 23.85, i think you're going to see 21 bucks.

I think that's the bear case scenario. I think that's the worst case scenario and if i was to put uh sort of a confidence level in terms of whether or not that's likely to happen, i would probably put that i mean if 10 is like very likely bear, and one is not at all. No likelihood, i would say it's, it's probably like a four, i'm not convinced, not convinced right, it's definitely still possible, but it it. This morning i would have said, like an eight, so uh take that for what it is.

This is looking a lot smoother and that that move is pretty key. I mean that's a big difference. That's gon na make a big difference. The bull case scenario, okay, uh, is 30 strike check this out.

27 000 total open interest. You can look between 25 up to 30, there's a ton of open interest. Now let me make this painfully clear the same one that you can gamma squeeze a stock up by uh running calls in the money. You can also squeeze a stock on the way down by running calls out the money and puts in the money.

So what's going to happen, what likely has already happened? I'm going to draw this out. You likely saw a whole bunch of calls that were previously in the money, the 30s, the 27s, the 24s 22s all get unhedged for, meaning that previously market makers had likely bought in the stock to hedge against the opportunity for these to be exercised and as they Run back out the money they can unhedge that stock. As long as the options were not, you know, sold whatever, so you get actually an increase in selling pressure. You can see it.

30. 27. 24. 22.

As this thing, uh moves down each specific strike price. It comes with some momentum. I think that's a big part of why you saw the sell-off that we did yesterday because of two main things: well, maybe even three: the halt, the added options, chains and unhedging of calls and the hedging of puts. So if you really can get back above 26, 27 28, you can expect a pretty massive amount of hedging to take place.

I mean that's that 30 buck mark is is where this is. This is wild. I mean it's possible. Who knows i, i certainly don't know, but if, if you can get above 30 bucks, i think uh.

The hedging that could take place on this could get out of hand really uh really really quickly, 34, obviously being that high from the previous day, it's the top of these fib levels, uh you crack right right back above that you come with some heavy volume. I think uh, i think you're gon na be looking pretty damn decent uh i'd be satisfied with that. If we don't, you know the bear case scenario, i think you're extending things a couple weeks, ultimately there's an upside level of support here that i'd look to maintain right. It rides both as support and resistance at differing times, mostly as support, and if we break it beneath that box, we do also have that upside level of support where, if you're, looking for some form of a bounce, also forming up some form of an arc.

Here you can see this sort of acceleration in terms of speed in which the stock is uh moving up, maybe an easier way to to get this, for you would be to take a screenshot and literally just draw it on, for you hold on a sec. My camera froze every time i screech out my computer. It does this, but it's not the end of the world. Ah deactivate and activate come on now there we go all right.

So let me put this on here and i'm gon na show you exactly what i mean you're getting this acceleration arc, that's starting to form up here, uh and if it continues on this path, this trajectory - i think you can see this really pick up some speed And i got to be honest: if it wasn't for uh for that news, i think he would have broken that pattern and he would have extended things so that gave us some life man. It's possible, it's possible for sure, to see this in the near future uh, but time will tell without a shadow of a doubt, uh next thing, i'd like to discuss we're gon na come back up and look into a couple different things. It's kind of what i wanted to talk about with amc uh. Those are the levels that i'm watching for bold case.

I'd like to see 2930 bear case. I outline those zones, let's go back and check them out now. I want to review the spy, because yesterday i said that the spy was going to be my pod, the play of the day uh, and it had a lot of opportunity. Man.

It really really really did so. I outlined a couple key levels: supply zone about 460 bucks or so up to about 460 75. But the big thing for me were these two spots: 457. 38.

450. 403. I personally stated that i think if you get a crack above this level, you can take it as a call you're gon na crack beneath it. You can take it as a put right opportunity for a call was pretty slim, i'm gon na be honest with you.

If i was to take this at a call in the open, what would have likely happened is, i would have looked for this bounce off of it, like i mentioned in yesterday's video right, you're looking for a break above it and bounce back down to test it. As a confirmation of a bounce, i probably would have taken an entry on the bounce here, this green candle this one minute candle written it up and probably give it a little bit back on this chop down right. You don't like holding the chop chop, isn't good chop is not your friend. If you're playing options shop means exit, you do not want to hold through chop ever ever ever ever ever ever i mean that's.

Just not your friend uh for trading chop is not good right. You want to take movement. Movement is good, so i likely would have gotten out here movement, meaning volatility right. I likely would have seen this chop and just taken a small win wouldn't have been much 10 20.

However, you had a lot of opportunities today to take this as a put trade on the spy. As you see it break down beneath and then you could take an entry here or here or here as it tests that support to come in uh resistance. Previous support now acting as resistance as an opportunity to enter as a put right. So i've heard it back up right now, just look at this uh as so right.

I'm looking at the candles right here and i can personally see it's breaking down beneath it. I wouldn't take this entry yet right maybe take this, but it didn't quite tap it. This one, however, you see this rejection and it starts to sell off that's an entry opportunity. You see it come down, you see it start to chop.

Around exit comes back up test, it reject slow, bleed entry. I mean that's: just disgusting chop equals get out even if you're wrong get out chop's, not good right. That's myself, personally, rejections big moves, big move, taps rejects comes down, i mean that's just picture perfect spy was the easiest. It could have possibly been.

That level was obviously a key level. You can see that it was hovering around at the entire day and once it broke it, it broke it so lots of opportunity there. I think that was a fantastic setup. I'm pretty satisfied with that and uh.

Oh, some of you made some money uh. As always, i've got a discord in the description box down below. It's got some free alerts: free algo, setups, we're actually working on something new for this uh which i'm not gon na reveal yet, but we're always gon na work on continuing to improve this. It's gon na stay free, it's free for free right now, if you wan na support the channel.

Obviously, since it is free, i've got a join button down below uh. All that it does. Is it's five dollars and it helps us continue to improve so that we can bring you guys more value uh, but there's absolutely no inclination for you to do so. Right! It's free! It's! It's optional! There's no paywall behind anything that i've got so keep that in the back of your mind, if you are interested uh, there's that for you then the last thing that i've got to say today is amd is a play for tomorrow.

Amd today sold off like a. I mean this is the definition of dead cat, but guess what dead cats get dead, cat bounces and that's? What we're going to talk about here today is a dead cat bounce. This is like a perfect setup for a dead cat bounce on amd. Now what what? What did you witness happen today? We're gon na write out for you real, quick, and if this, then that scenario for both calls and puts right calls puts if this, then that and it's gon na be the same thing for both of these right with steps.

One through four entry stop loss, runners exit you stick to this plan, man you're going to find some consistency. This is going to be absolutely huge and consistency is by far the most important thing, not nailing 100. Here 500 there, it's just about continuing to stack wins. So let's come and look at this chart right.

What did you see happen breaks this upside level of support in the pre-market right breaks down. You can already expect off of a breakdown of a critical level like this, where it's just been hanging for 10 days that it's going to sell off. This was one million percent of technical breakdown and it was a nasty technical breakdown uh. Obviously i didn't announce this.

I didn't take this as a play, but there's opportunity both ways for a call-in for reporting. I'm gon na show you exactly why. Where did this get some resistance? Where did it start to chop around a little bit? You look at this on the one minute candles. What do you notice right, this green box, kind of weird kind of weird how it's bouncing around on this green box? You know what this green box is.

It's a demand zone. Well, what have i said about the man zones right? Demand zones typically have one of two options: right number one: is it knifes it or number two it chops it. A knife means that it goes straight down through it or doesn't try and discover price action here and uh. It just goes straight down right.

A chop is the discovery of price action up and down up and down up and down up and down what typically happens with chop. We've talked about this before in case you don't know, though, i've got an option to charting master class. On my my youtube channel uh, all you have to do is look up options and charting master class tray you're going to find it. But what i'll tell you is this right? If this is the demand zone down here - and you see it come down and starts doing this, you can typically expect nine times out of ten it bounced back up right.

I would personally like this as a call play. However, we are gon na be ready for both scenarios. So as a call, this is what i would personally be watching for right. I would want an entry on this for a call out of a break out of this green box right and don't worry if it gaps up in the pre-market, it's possible.

Who freaking knows it's going to happen at the end of the day. But let's just say that it gaps up. You've got all these other levels. Already right.

You've got uh this intraday bounce high there's going to be a momentum level which is labeled at 111 dollars and 20 cents. Then you've got 112 dollars and 30 cents as the next momentum level, meaning if it breaks above these spots and you get some form of a bounce back up off of them. For example, let's just say that, coming into tomorrow, it breaks this level. It comes back down to test this level instead of as resistance as support, and then it gets a bounce.

You can take an entry right here on that bounce, in the same way that you can do it on this red line right, but i would be looking for that entry on the demand zone, which is right now, between 109 and 109 60.. That looks like a pretty clean call setup if you're looking for a stop loss myself. Personally, i'm looking at 10, 15 percent i'd be looking to take runners every quarter, 25 50 75 exit wherever you want to take it out right, uh and then exit wherever you want to get out man, but those those are my entry points. That's what i'm personally.

Looking for you can obviously look for some resistance at these momentum levels - 111 bucks in some change, 112, 30 or so right, and if it breaks above those you're, probably looking at one thirteen. Seventy i wouldn't expect that big of a bounce typically dead cat bounces are not massive. It's just an opportunity for some relief, it's a relief bounce and it's hey this thing sold off and has had no relief at all no retracement to the upside. So you expect that to come in the near future, i'm personally watching for that.

A point is if it breaks down beneath this green box, if it breaks down beneath the green box. Ah, you could really see this start to get a move down. Pretty dang quick i'd first be watching for 107.95 or so, which is 108 bucks. Uh you're, probably not going to make a ton off a dollar move, but 20 30 40 is possible and then from there you really are looking for just sort of the next there's a little bit of chop down here.

You're looking at 106.90, which is another dollar move to the downside, you're probably gon na, be looking at each round dollar move down and the way that i would personally take. That is the same way as you get confirmation on an uptrend break right. Let's say that in the pre-market it gaps down and then a market open, you see it come down and it comes up to test out this previous demand zone now acting as supply and rejects off of it. You can enter as a put right here and exit on each of the next, according support levels right, that's person! What i'm watching for those are the levels that i've got marked out and hopefully that helps you uh.

So that's what i've got yeah, that's sort of the majority of the of the video. I know this is long, but i really wanted to dive into uh a lot of stuff today and let me tell you uh, big, bald goddamn caner yeah get some nuts. This is some good stuff, i'm very happy. Hopefully that raises some morale for you guys uh, i'm happy about it.

I hope you guys are too and i'll catch you on the next video. So until until then, i'm just gon na be chilling with waifu over here. Uh maybe get myself uh, i had subway yesterday, so maybe arby's today i don't know time will tell but i'll catch y'all later. As always, i appreciate you much love light taps and peace.