---
title: 'Oil Crashes After Trump Halts Iran Strike | Live Trading'
source: 'https://youtube.com/watch?v=ECWQnHy-GNM'
video_id: 'ECWQnHy-GNM'
date: 2026-08-07
duration_sec: 1935
---

# Oil Crashes After Trump Halts Iran Strike | Live Trading

> Source: [Oil Crashes After Trump Halts Iran Strike | Live Trading](https://youtube.com/watch?v=ECWQnHy-GNM)

## Summary

In this fast-paced live trading session, the hosts dissect the aftermath of a major geopolitical development: oil prices crash after reports that the US halted a potential strike on Iran. They pivot to the impressive Q2 earnings season, highlighting the outsized impact of tech giants like Alphabet and Amazon, and discuss valuation levels. The episode then transitions into a detailed rundown of potential trades, focusing on high-IVR names like Palantir, AMD, and SpaceX, while also exploring sector-specific catalysts in memory chips and managing existing positions.

### Key Points

- **Oil crashes on Iran news** [00:38] — Oil is down 6.7% in pre-market after the US reportedly called off a strike on Iran and the Strait of Hormuz is said to be reopening. Stocks are bouncing, with the S&P 500 opening around 7550.
- **Blended earnings growth revised up** [04:05] — The blended S&P 500 earnings growth rate for Q2 has been revised up to 47.4% after a strong week of tech earnings.
- **Concentration in tech earnings** [05:40] — Excluding Alphabet and Amazon, the earnings surprise rate drops from 31.4% to 9.2%, and the blended earnings growth falls to 28.8%.
- **Valuations have normalized** [06:37] — Despite the market being ~16% higher than March lows, the S&P 500 forward P/E is 19.6, below the 5-year average of 19.9, indicating earnings have caught up.
- **Mag 7 P/E compression** [08:24] — Mag 7 forward P/E is now 22.8, down from 32 at peak last year, making dip-buying more justifiable.
- **Palantir earnings trade idea** [12:39] — Palantir reports earnings after the close; expected move is ~$13.56. A short iron condor is suggested due to high IVR (72.2) and liquidity.
- **ON Semi: low liquidity, high vol** [15:04] — ON Semi has low liquidity but high expected move (22%), with unusual open interest at $87 strike.
- **SpaceX: stay away or neutral** [18:04] — SpaceX is seen as too risky for an earnings trade due to high uncertainty; the hosts mention the possibility of Tesla merger comments and note short interest on Tesla is high at 12.3% of float.
- **AMD earnings trade setup** [24:10] — AMD reports earnings and has an expected move of ~$45. A short iron condor is proposed due to high IV and liquidity.
- **Memory sector earnings ripple** [26:39] — SanDisk and Western Digital earnings are expected to move the entire memory sector; the hosts discuss the interconnections with names like Micron and Seagate.
- **Managing the WDC position** [27:58] — Gus discusses his Western Digital short put spread, concluding it's better to roll the position given earnings risk and the current expected move.
- **Week ahead earnings calendar** [29:58] — The hosts outline the week's earnings calendar, including Palantir, AMD, and several pharma names, and note that Monday is light with only Palantir after hours.

## Transcript

>> Uh I'm having a great weekend. I I I'm just on the permanent stand-in for Ilia here. I'm honorary Ilia for for the next the next week or so it looks like, but spent spent some time in the sun, hung out with friends. Uh I can't can't
complain. Ready to hit the ground running here with with a new week and uh this week it looks like. It looks like >> See that follow me on Twitter, you know on Friday when we heard that we were going
to blow Iran off the face of the earth, I said, "Well, yeah, of course the the markets are closed. That's that's how this war is conducted." And so, Gus, would you believe it or not, 3:00 p.m. Eastern today, what are we
worry, the straits are going to be reopened just in time for futures to 5:00 Central, which is why you're watching this show. Oil in the pre-market here, Gus, 6.7% lower according to weekend oil on IG. Uh same
looking at about a half a percent bounce here. So, that that jump that we saw on charts here. That jump that we saw on Friday in oil going into the close where we, you know, had the open outcry close at 84. You can see here right now 84.67,
to that 4-hour chart, you'll see is 86.80. We're seeing prints of 81.50 Perhaps it's going to be good news for stocks. Uh S&P 500 looking like we're going to get an open maybe 75 or 80 or so.
thing. Now, we'll talk about oil and Iran and all that jazz in a little bit. evolution over the course of last week because that to me seems like the most important thing here. I know vol jumped a little bit going into the close on uh
uh Friday there off the lows, jumped, but it's still a 15.99 VIX. It was near 21 earlier in the week, but we digested the week of mama earnings, Meta, Amazon, Microsoft, Apple, and a Fed. So, what do we do here? It's
August 2nd, so tomorrow's August 3rd. We're in the dog days of summer. What do you make of the vol situation? >> Yeah, mama earnings. I like I like that >> That's That's actually mine. That's literally mine. I invented that.
>> This week when I was talking with Liz, off the top of the dome, just fresh. >> We got the receipts. I miss the days of the Fang index, all right? I love a cool acronym we can form into into our own word. Um yeah, as it as it pertains to
I mean, I don't know. It's it's so strange really over the last couple of months, I would say that that my fear gauge, my uncertainty gauge, hasn't really moved all that much. And yet we continue to
rip around. It feels like every day is its own new story. So, this is a one that I just struggle to to I feel paint a good picture of in in my own brain or have any good forethought on looking forward because
to me, all of this just feels like different versions of the same thing. It's a headline-driven market. It's oh, we're going to bomb the entire world. And And you know, going back and forth between these things. I never feel like
actually shocked that the market still responds to headlines as aggressively as because it feels like they change three times a week. So, I don't know. If if if I were if I were making the VIX over the past few weeks,
it would be a horizontal line. And And we're And we're seeing so much movement. get my head around. >> Yeah, I mean, volatility right now maybe taking a cue from all your earnings last week is kind
of one of the points I'm getting at here. The earnings continue to be very distorting the numbers here because I mean, I would point to FactSet right page. Uh FactSet's earnings update for July
Uh FactSet's earnings update for July 31st, 2026. 61% of S&P 500 companies have now reported for the quarter. 86% have reported a positive EPS surprise. 77% have reported a positive revenue surprise. Okay, so let me just give a
earnings growth rate. You have your actual results and then you have your projections of what's to forth come. And so over the course of the quarter you going down and then you get this blended earnings growth rate that reflects more
and more of what was actually occurring. Coming into the quarter, the blended earnings growth rate was projected around 22%. After this past [clears throat] week it's sitting at 47.4%.
which is outrageous. Q Q1 when we started the expected growth rate was around 12% EPS. Okay, but this is largely due to some really really really odd numbers that are coming out of Alphabet coming out of
thanks to some of the bookings that they're doing on around Anthropic so to speak. So I we need to point that out here as well. Gus, before we get volatility cool down after that week of earnings, we do have some opening prints
here. 7550 on ES is our first print. Nasdaq is up 28,587. A little bit of a better move here in risk overall because oil itself
continuing to fall apart. 79 print down 6.5% so we can oil there over in IG watching. But that is really the defining story of you're getting a little bit of a pop in gold, you're getting a little bit of pop
in bonds bouncing back well after a really rough end to last week here Gus. So kind of classic war trade if you will. Stocks up, dollar down, bonds up, now. So let's get back to these earnings as we make our way through this. Whether
How many times have we seen the war trade unfold like this on a Sunday night higher and then only to come back in. Um >> this is this is why I bring this up.
If we were to take a look at the earning surprises for example, surprises for example, with Alphabet and Amazon, the surprise rate for the S&P 500 for Q2 in terms of earnings falls from 31.4% you take out
Alphabet and Amazon you're down to 9.2%. Uh this is the this is the largest time type of contribution from just two names. If you would exclude Alphabet and Amazon the blended earnings growth rate for the S&P 500 falls to 28.8% which
guys that is still impressive and very very very good. We would sign up for to disentangle this a little bit for folks because some of the headline numbers out there are a little inflated for these two companies reasons.
the equation you're looking at incredibly strong earnings right now AI related. How much of it's sustainable? That's the better question. But we now have a 12-month forward PE of 19.6 for the S&P which is below the
5-year average of 19.9. So for all of this turning and churning in the market for the past two weeks and months earnings have caught up a little bit and valuations have come in which I think is an important point in this conversation.
make a a great point earlier as well that we we perhaps I mean perhaps in in the most exaggerated way since COVID are in an environment right now where the actual EPS and revenue numbers that you that you report matter
is is really what I'm trying to get at. >> Yeah, right? >> It's free cash flow. It's how how much money is is leaving your balance sheet. How is that going to return tangibly in
revenue in in a in a near relatively near future? Uh so many things beyond just the actual earnings numbers matter a great deal right now. Uh but at the same time as you said we are outside of you know a few outliers like Meta where
where the free cash flow is scaring us across the board everything has been uh very very strong even you know like you said Alphabet notwithstanding. like I you know what this is maybe one of the reason why dip buyers keep coming
you're looking at those valuation numbers, you're looking at a world where you can feasibly justify trying to buy the dip on that perspective. I mean, like right now, the S&P 500 large-cap forward PE is 19.4,
which is going to put it within a hair of the lows that we had at the end of I mean, that's just that's incredible to consider how much what are we now, guys? Uh 1,200 1,100 points off that March low.
So, we're 16% higher than we were in March, and yet the valuation of this market is exactly the same. So, earnings have done their job. Uh you could see it in the Mag 7. Mag 7 forward PE right now, 22.8.
Mag 7. Mag 7 forward PE right now, 22.8. What was it last year at its peak? 32. a different because of their free cash flow version. But, I mean, the valuation this is one of the things that I'm
think about 2022 when the Fed was doing all the taking, and inflation was a You had it really high PEs coming into 2022, and then rate hikes really high PEs right now. The PE going into 2022 for the Mag 7 was
>> [clears throat] >> Was 22 for the S&P 500. Uh so, we're front. What do you see this week, though? I Now that we've gotten through most of those earnings, there have to be some
interesting things here that can shape the zeitgeist, if you will, in the the earnings calendar yet, because I see a few things here between now and let's covering. >> Um yeah, earnings calendar, I actually
will do so for the first time right now. I see Palantir tomorrow. That will be an interesting one. Palantir kind of have have they've gradually faded out of the feel like, since since the the stagnation has begun. Um but obviously,
their first earnings report as public after the after the close on Tuesday. So, plenty of room to move things there. be a major driver as well, obviously. That's that's not a hot take by any
stretch of the imagination, but whether whether this, you know, presumed have going right now, headlines coming out that the Strait of Hormuz is completely reopened. If all that can hold, I think we could get a a nice
grinding a little bit higher. Maybe we see SPX retest the the 7600 level that's kind of proven to be a resistance to this point. But, if in a equally, if not more likely, situation, we find out that these headlines were a little bit fake,
a little bit exaggerated, perhaps we spoke a little bit too soon, I think >> Why would you say [laughter] that? I well, not that there's any precedent for should this should this be the one time that our honorable news outlets and
honorable politicians who only have the best interest of their constituents in little bit, I think that that could drive things down just a little bit into week. And then we could see a see a run
>> That's whenever whenever you or someone else or this literally whenever anyone yeah, like was Trump really going to stick to this? Is this true? It's like I feel like Mike in Breaking Bad when he's yelling at Walter White. When he's like,
What are you doing? >> You >> and your pride and your ego. Yes, absolutely. Absolutely. I think >> Had to HAVE A HOT TAKE. >> [laughter]
>> YEAH, I think I think that that's a an astute analogy for for this environment. And honestly, I stick to my basis of of neutrality. It feels like as much good as there is bad and uncertain right now. And I think it's if
anything, it'll be we continue to take the stairs up a little bit, but I I and I think that might be a little bit strong. I think maybe confidence would be a better word, but it feels like a stairs up situation if we do begin to go
up or like many times before we see this headline bubble pop and suddenly we we have a quick correction back down to Friday's levels if not lower. releases in the first part of the week. One of the great things about the
platform here is if you open up the side tab on the top right here and you click overview page about the particular product that you're here, I'm looking at the liquidity where you see the stars on the right-hand side
Pointing that out in part because this is one of the checks that you do as lessso Gus says, you know, we preach ticker to be approaching things from a mechanical mathematical perspective at
knows what's going to happen around an earnings report. As this company's numbers beforehand and you still wouldn't make a buck. That is ever so true. It's not just earnings, it's macro data like non-farm payrolls or even with
has to be in a certain mood or wear a certain way of things. So be agnostic, on the math. Palantir, right? Liquidity four star, excellent. Okay, we go to IV rank 72.2, fantastic. The nearest dated earnings on the other side of the
should I say the nearest dated earnings uh days out. We have earnings coming up tomorrow after the close. So if you want five days to expiration. What does the expected move look like?
of your screen. We're at five days. We go to the right, it's plus or minus go to the right, it's plus or minus $13.56. That is 13.56 higher or 13.56 change, where does that bring us to? About we'll call it a little below 110.
So 109 or 108 so. That could be a short put spread. We could go out to the long side. We can go up to 137, 138. All right. So on a $1 wide strike here going in a short going Gus in a short iron condor, what do we see? $0.41 credit.
knows if these prices are right. But as we go through our checklist here for do something directionally neutral, we think there's a lot of vol and there's going to be vol crush in Palantir, not going to swing 13 bucks, right?
market's giving you compensation for that view. The general rule of thumb third of the width of the strikes. And so, at 41 cents, that's well, 41%. The uh width here of $1 wide. So, Palantir definitely something I think we got to
keep an eye on. High IVR, high raw volatility, a deeply liquid product both which likewise then filters over into the options. And you can see here, just on Friday, Gus, uh thousands in volume, lots of open interest. These are the
for over the coming days. And I'm going to risk to say that might be the only thing on Monday that kind of fits the bill. >> Because if that. Vertex, The Williams
rating, so I suppose we could put that up here on the screen. But, there's not a ton of volatility and what are we getting on a potential just credit. >> I mean, what about uh what about ON
Semi? Do they They got They got any liquidity going for them? >> Um ON Semiconductor, ticker ON. Let's see, seven and a half near seven and a half million shares traded here. A Look.
>> No, that's not a lot of volume, not a lot of open interest. Um only open interest in some particular strikes over here at 85 87, huh, that's a lot of open interest in a stock where there's not a lot of open
interest at many other strikes. >> Particularly at 87. 85 I could maybe justify as just some There's some institution with that nice round number price target, but what Who Who Who likes 87? Who Who Who knows something we don't
>> No, but you mentioned this being a semiconductor stock, so if you're liquidity factor not great, but if you're looking for the vol this week, 111% we'll call it 112. Expected move 22
Uh we closed the other day at 81, so this thing could be dropping down towards 59 or maybe rallying up towards 105. Or if you have a different view volatility to to harvest. So I'll keep an eye on those
round numbers. I got to check Signal vs. Noise's Unusual Whales machine to see if there was any odd options activity in here ahead of earnings because that kind of jumps off the screen to me when you see that low of volume, but that
out there at a not a round number strike. Hmm. >> Yeah. Yeah, strange strange things are afoot there. The The powers The powers always the scary part, too, is we don't even
like when we talk about these things, it doesn't mean that there's any certainty that that On is going to 87 and in fact believes 87 to be the ceiling for for On Semiconductor. It's uh yeah,
directionality TVD, but all always always strange to to see those things. Important to flag. Not all semiconductors are fancy AI processors in chat. That's true. Very very true. There are There are levels to this game.
the fun things that I see people like Take Kim talking about, he's a semiconductor analyst online, uh constantly hitting on Qualcomm cuz it's like this is getting caught up in this AI hype for no reason. Basically is his
>> Like every time it rallies, he's like, you probably should short this. Which get with people who are in the weeds and like, you know, and it's just a funny human psychology element to it, but I think especially
because Broadcom rightfully is so tied up in this in this AI boom, uh it's Qualcomm feels like it should be basically the same company as Broadcom, course. >> So we get to Tuesday's earnings and
interesting. And over the course of the week, macro probably starts to matter a finally unchained. They're allowed to speak once more. We also have non-farm you're paying attention to the futures products themselves, which you are,
holding on to those gains, a path of a percent in the S, 8/10 of a percent in percent in the S, 8/10 of a percent in the Nasdaq. Oil lower now. So, maybe President Trump's listening and he's feeling that the the
fates the sirens are calling out. The fates are being It's cuz of the world is the headline. Well, you know, you're you're on one today. So, SpaceX here is probably the most the most
Whether or not it's the most important one is a different question. Wednesday, Thursday Wednesday, SanDisk and Western Digital. important in the grand scheme of things right now.
AMD on Tuesday as well, but SpaceX is by far the most interesting. So, let's go there. Uh 150 we open on June 12th. We're now down at 108.37. We peaked near 220. How do you even approach this right now?
here. I know the IVR says 86.2, but these are some very 161%. Do you treat this like a regular ticker that ticker agnosticism we spoke about >> Uh I don't think I don't think you completely can. I think it's I think
it's important to keep that ticker agnosticism mindset as as you choose to can't, you know, pigeonhole on the fact that this is SpaceX and and get yourself overblown. The fundamentals still matter here to an
extent, but with a company that's this young in the market with their first earnings report, with so many different things they could say to send this in either direction, it's it's a it's a very challenging one to to attack. I saw
Christopher very acutely say in in the chat a few moments ago, you know, SpaceX they'll definitely almost definitely report negative EPS expectations, they might not, but it really comes down to if they say the
words Tesla merger in any capacity in in this call and what does that do to shares? Uh this is probably going to be a stay away for me or I might choose to go neutral into earnings like a inside move sort of situation especially with
the elevated IV that's being afforded to us here. Um if you made me pick a get long. I feel like it would be hard for them to say such such poor things that we continue to move down when we're already this far down past IPO price.
But there's there's a lot to consider. I don't think you can be purely ticker too deep into the weeds either at the same time. It's a balancing act. >> Short float in Tesla it's high.
25.5% of the available float of the available float that's Okay, take January 2021. Where were you when Roaring Kitty was doing his jazz with uh
One of the I'm not saying that this is the case for things that I think a lot of folks who are trading during that time learned when you had all these famous short sellers, Andrew Left, Citron, all these
like talking about stocks like this is like this is an engineered gamma squeeze. This is happening for XYZ reasons, but the specific the specificity of this company being targeted is not only does it have,
according to someone like Keith Gill or and Kitty, but you also have an enormous short float here. So once the broader public and the investing public catches going to get this cascading move to the upside here. Obviously, that's not
necessarily what I'm saying is going to happen here in Space X. This is history does present this interesting case where short float above 20% broadly speaking is considered very high. And so uh I could see reasons why and I
weekend and folks are looking for like the exact thing that you said. Uh they're going to announce intentions to look to merge with Tesla. Now that it's going to be cheaper, easier. We can reunite attention on one single Elon
ticker as opposed to having his fanboys fan base divided by well, two right now. think that's a real thing that's going on with Tesla and and SpaceX here? I've heard Butler talk about it. I've seen some very smart people elsewhere that I
think there's any credibility to the fact that SpaceX and Tesla are one unified vessel to speculate on Musk's entrepreneurship?
about as well as as you know, especially pre-SpaceX IPO is something that we could potentially see happen. Seeing it all play out in front of my eyes, I really think that it's negligible. I I think that we're seeing uh much more
causing these things. I do think that there's probably I don't know, some 1 to there's probably I don't know, some 1 to 2% of of the of the float here of of the volume that is Elon fanboys who want to do these specific things. I don't know
if that's enough to really move needles on the on these things particularly both being multi-trillion dollar mag seven companies but particularly with SpaceX, the new exciting product, I think the institutions are are handling
what we're seeing with SpaceX right now. And to your point about the short interest, I I I do I am curious as well how much of that just with SpaceX being such a new company is just institutional hedges against their IPO shares that
>> I want to hear what they're next. I mean listen, if you're an insider, what are you doing? Are you hedging off now that this thing bank and saying like I'm one of Tesla's early employees
I'm really interested in hedging this off now that they're going to be public Do you think that's part of the what's going on here? >> I think so. Especially yeah, I mean I I especially if I'm if I'm a if I'm a
SpaceX employee and I'm I'm getting those shares at IPO and if I work for financially and I have the money to you know create these hedges for myself. I hedges against against those giant
You know, if you're if you're a a day one or even day four or five Tesla handsomely on your position right now and there might not you might not feel as much necessity to get in there and hedge. Um but with SpaceX yeah, I think
I think the institutional hedges and and perhaps as you acutely point out even even in in individual you know, uh not necessarily retail but perhaps insider >> This is not a bet against Elon. If this was like a broad bet against the Elon
would be much higher which currently sits at 2.5%. So new IPO, new name. Okay. SpaceX for me is not the jazz. Uh phrase. My daughter's been using that phrase. She really likes it so it's like
can you go upstairs and clean your room?" She's like, "Yeah, and all that make your bed, get dressed, brush your hair, you know. I think she's talking back to me a little bit now that I think on it. Okay.
Um August 5th, 3-day expiration. That is the cycle for which if you're looking at AMD because that comes out on August 4th. Uh right now expected move is about 4th. Uh right now expected move is about $45 on a stock that's near 475 so close
to 10%. Uh guys just again the market's closed here but sitting just on the edge of that expected move. Could you find something worthwhile to do? I think so. condor if you're going to be directionally neutral for example. And
list. We have a high IVR, we have a high raw volatility. What does the market pricing say? Definitely watch this list for an earnings trade. We want a $1.67 in credit on a $5 wide strike. We're getting $2.08 here if this were to hold
up at the market open tomorrow. Um so AMD absolutely there. SpaceX to me is AMD absolutely there. SpaceX to me is just very squirrely. I just got slammed on Tesla. I was short an iron condor. Get assigned stock, have to wheel it
unload all the shares. It was just a whole I didn't want to deal with that. I It's too much stress. I'm already dealing with that stuff elsewhere. I noise. >> [gasps]
>> Yeah, no. I I'm I think I think I'm inclined to to agree with you here. Um AMD, also with AMD you get into this weird situation that I talk about a lot. movers actually recently just just by happenstance, but you get these
the memory companies as well where companies that are so tightly wound in have three or four earnings calls a quarter because when Micron's earnings Seagate all move. And then when Seagate's earnings go off, Micron and
And so now you must imagine when SanDisk and Western Digital go off, it's going SanDisk and Western Digital have already made their moves from the previous memory earnings. So, what's what's the real calculus that's in play
here? Similarly, with AMD, which is which is the topic here, as we see all hyperscalers, GPU companies report before AMD, AMD's moving with the mean that AMD's earnings are properly priced in? Have we gone the wrong
direction? Uh who's who's to really say, but I think it makes it really tough to cycle. And in anything with these earnings that are later in the cycle, I already happened without really any prior calculus about what they might
>> Right. I mean, I think that's a really astute point. You have AMD coming out, but then SanDisk and Western Digital are coming out on Wednesday and they're going to move the rest of the memory sector. So, if it's SK Hynix or over in
Korea, Samsung, right? I suppose if you're trading, you know, one of the if own DRAM the ETF, uh that has some Samsung exposure into thing whole jump around. Uh you know, there were a few things that we had on
earnings. Merck was one of the names that I took off last week for a little nice I think this thing is, you know, showing clear signs of extension. Left head and shoulders pattern. We still have a target up near 138. So, looking
short put spreads here as we kind of forward one steps back. I've been able to milk this a little bit. I'd like to keep doing so. We have earnings this week and really my intent is not to make
this an earnings trade. So, I'm looking out just over here inside the ex-div and structuring a trade that just holding on to this pivot low near 120. That brings us just right to the expected move. And so, when I start
looking around this area here Gus to reapply a trade, I think I me some of that earnings capture. I don't know if it's 40 days to or so. But, you can see the volume and
fantastic. So, don't want to ever Hotel California myself into a position. Maybe But, this is definitely on the radar. It has that nice chart set up. So, does into Western Digital going into earnings this week. At 19 days to expiration, I'm
this week. At 19 days to expiration, I'm still short the 510 500 put spread. Could I put this on back now and get good money for it? Yeah, 390 in credit is fantastic, which is part of the reason why I'm still in it because we
rolled through 21 days to expiration and now I am something in something that is nothing, Gus. >> Yeah, house money. I think I think this is a roll out type of trade for me come Monday because if
little bit more of a pop here in the market, right? The gamma in this rolling onto the other side of the decay curve. And if earnings are terrible for this and this thing plummets through 500 again, I don't have as much time in my
side to make this work. And plus the thought here is would I even go to 510 500 in the front in the face of earnings this week at 19 days to expiration when the expected move is already down at 440 430. I would never
sell that put spread again right now. So, why do I want to hold it? I don't want to hold it. I don't even I just got to go. So, maybe good idea, wrong execution, cutting it for a scratch, okay. I think that takes us through
That's really it. >> The roll is definitely the the responsible tasty way thing to do in this in this situation. >> I'm a little I'm a little more of a gambler. I would I would maybe be
chances, but the roll is is definitely the responsible choice. held on to some gains here. You can see that oil has fallen off a little bit more 4.8%. You had to You had to jinx it.
You know, my business here is I am still trying to clear this. hold on to the short put spread in oil 62 63? Would I sell this $1 wide put spread today for 3 cents credit? No.
need to have this right now. I just need to get this off my books. We'll see if there's any liquidity that wants to come in. Perfect. A little $190 winner there. anything else to do here. But Gus, you and I are done. First call's over. It's
have a little playbook for the first half of this week. We have some earnings are going to be a little illiquid, but your Palantir, your AMD, your SpaceX, Caterpillar, Merck, Amgen, McDonald's, Gilead,
Bookings, Pfizer, Eli Lilly, Sandisk, Western Digital, Shopify, Uber, Apple and CVS. I mean, there's there are plenty of things to do between Tuesday and Wednesday. Monday is really light with just Palantir after hours. Gus, you
>> Oh, I was actually going to kick it over to you and pose a question. There's been whole show about your favorite Little Debbie snack. What's your favorite do Zebra Cakes count? Does Little Debbie have Zebra Cakes? If not, I choose Swiss
>> Little Debbie snacks. Let me just make I'm thinking of the right brand. I am. pies. >> Okay. Okay. Smart. Yeah, those are moon That's That's good stuff. I would I would trade for those at the lunch table
quite often in in my childhood. >> Yeah, that that that was like the healthy snack I was allowed to have because Christopher was like a little He quite plump. So, they Mom and Dad watched watched the calorie intake. But
that's a problem for tomorrow's show. We are done here on First Call. See you Central time when live programming kicks off to start the week. We have a great So, be sure to tune in on Tasty Live
will see you tomorrow. We'll see the production team. Thanks for tuning in tonight. Hope you have a good night. And please someone end the Mets season. This has been
anymore. See you tomorrow morning.
>> What's up Tasty Nation? Welcome to the show. Happy Friday. It is July 31st, almost August. Kind of crazy to say, but Amazon, oh my god. Amazon, oh my god. >> [laughter]
>> Oh my god. Happy Friday. Hope you're awake now.