AskLex — Jul-22-2026 Episode 2: How to 'Create an Edge' when Trading Options - with Markus Heitkoetter from Rockwell Trading Video: https://www.youtube.com/watch?v=RzvzLIdHbS8 ============================================================ All right, Marcus Hikeketer, how are you? Good to see you. Thanks for coming on this month's version of Ask Lex. We really appreciate it. You are a wealth of information. The folks are very lucky to have you today. Thank you. Thank you. Hey, uh thank you so much for having me because uh we have been working on a new tool and I I want y'all's feedback. So this is where uh we I want to show you what we have been working on. Uh then I I would love to give you all access to the tool so that you can give me feedback and let me know what you guys think. How does that sound? So this this so much for our sales pitch. So here's what's for sale at the end. Nothing. I would love to get your feedback. So I want to give you this tool that we have been working on and I hope that you're going to love it. So that's why we want to spend I don't know like 20 30 minutes uh talking about this and what you can do with it. And hint it's about trading options. Lex, you like trading options? I love trading options. It's in my blood. I think I was trading options uh out of the womb as it were. But you know, having said that, it's it's been different though, right? Um from the market maker days to what now we both do off the floor as as I'd call it retail trading. Right. Right. I mean, it's it it's fascinating because now we have all of the tools at our disposal to to really uh I mean, options trading has grown in popularity for a reason. It's becoming easier and yet there's so many different option strategies. So, it can be a little bit confusing. So, today we want to clear up the confusion, show you a simple way to trade the markets and uh yeah, basically just use options to make a sort of a bet because ultimately that's what it's all about. I mean, we could call it a prediction if we wanted to, but I mean, it's it's it's just a bet. We're making educated bets with probabilities, right? Where we believe that we're right and uh that's why we're willing to take a risk and hopefully reap the rewards. Perfect. Um, are you going to share a screen, Marcus? And yeah, I'm going to share the screen. Uh, let's do this. Uh, so everybody, uh, let's see right now. I'm just slides and then we hop right on the tool, but I just want to make sure. Can you all see my screen right now that says edgefinder find the right spread in any market? Looks good. And let me mention before we get started, folks, if you have a question, there's a Q&A tab uh in Zoom. So find that at the bottom and make sure you type your questions in as as we go. If I can answer them along the way, I might interrupt Marcus as he's going here and try to get something. Otherwise, we'll get to everything at the end. Okay? And we'll do our best to get to everything at the end. Sound good? type away uh as as as needed. Uh folks, thank you. Go ahead, Marcus. Sorry. Fantastic. So, I mean uh ultimately uh what what we do with with options is uh I mean often we pick a direction. I I mean that's probably the the most uh popular option strategy that we have a direction and either we have a bullish or bearish bias. I I mean I understand that there's iron condors and straddles and strangles where we don't care about the direction, but let's talk about directional option trading, right? And um I I I think there's just some challenges for for income traders who want to make an income trading options. Uh and this is where too many options to choose from. Hundreds of tickers, thousands of trikes, which one is the right to trade today? And uh this is why I love the idea of credit spreads. So uh basically in a nutshell, the way how it works, it's a it's a two-legg options trade as you can see. So you're selling one option to collect premium and you buy another one further away to cap your risk. So we want to make sure that with options we don't have unlimited risk. And you know when you're trading a stock theoretically you have a risk that the stock goes to zero, right? And with options uh we we can really limit our risk. And this is what I love about options because you can limit it to just a few hundred. So the cool thing is about credit spreads and I'll show you exactly how this works in a moment is that you know the worst case scenario. uh it also typically has a probability of more than 50%. And you see I I think for traders this is great. Yes, of course there are enough strategies that that make money with a winning percentage of just 10 or 20%. So this is where you have the the tenaggers, right? I mean where you really try to to grab the outliers, but honestly I've tried these things. there psychologically really really difficult because you have to be wrong most of the time and then a few times you're right and I mean I don't know about you guys I like to be right I mean ask Debbie she knows about that so this why I like to be right more often than I'm wrong and uh the other really cool thing about these so-called credit spreads is that you are getting a premium upfront now I'm not saying that these are the best there's other there's debit spreads but I like the idea of collect ing premium right away and then I'm kind of basically from then on playing defense. So, um, basically what we'll talk about is two structures and, uh, if you have never traded options before, you're going to love what I'm going to show you in just a moment. So, there's a bull put spread. Uh, this where you think that uh, this underlying stock goes up or sideways. And then there's a bare call spread where you think that it's going down or sideways. So basically, long story short, I mean, we either say, "All right, we're going sideways or up or we're going sideways or down." So these are two things uh that that's kind of all you need to know. Um and uh so we have created a a tool that I would love to give you uh with with two experiences where we have a beginner mode for those of you who are absolutely new to options trading and say all right I like the idea I think options are fascinating I have never traded options are very limited experience and I I don't know all of this jargon and you see it here in the advanced mode you have all of the jargon about the Greeks and a so-called EV and a OP, which is a probability of profit and IV rank. And we can go crazy with this and I'll show you this, but uh we'll start with the plain beginner mode to make it super easy and simple. And uh this is what it looks like. Uh let me actually hop over to the tool. So this is where you see a beginner mode, right? And out of all of the possibilities that we have with hundreds of stocks and hundreds of options and expiration dates and all of this, well, we're just looking right now as the markets are open. We're scanning the markets every 2 minutes. Right now, we're looking there's two predictions worth taking today and one of them is on Honeywell where we have a bullish view. Let me zoom in so that you can see it here. Right? And and basically the key question is do we believe that Honeywell will stay above $220 by Friday, August 21st. So this is kind of like 4 weeks from now. And uh there have been countless studies about expiration. What is the expiration? And we know that usually 4 weeks to expiration for kind of a prediction or a qualified bet here is what we want. Now this is where chance that you're right 70%. Right? So this doesn't mean that you will be right 70% but in the long run that's what the probabilities are right so the idea is that out of 100 trades 70s you'll be right now the deal is here is how this particular bet and again ultimately that's what we're doing we're betting right uh if you're right we're making $90 if you're wrong we're losing $160 so all of this resolves in 90 days and we're getting a 90 cent credit right away now Since options are trading in 100 packs, a $90 credit resolves into $90 per contract traded. Now, this is where also uh let me just uh before we move on and I'll show you the other one. When you say make this prediction, when you say okay, let's take a look at this, right? This is where we look at a very very simple chart. And again, we're in the beginner view. beginner view you can get more complicated but this is where you see all right this is what Honeywell has been doing over the past 3 months and right now you're basically betting and say you know what it has found some support at around 220 and this is where the question is and this is where really the question is are you willing to make the bet will Honeywell stay above 220 by Friday August 24th and you see this kind of the next four weeks and you see right now it is on an upswing and uh that's all you need right now kind of to make this prediction. Now this is where we are scoring these predictions and this is where we say well you know what if this score is above 80 this is a pretty good bet right this is where you have an edge I'll talk about the edge in a moment but this is why we call this tool the edge finder all right so uh this where that's kind of what it looks like let's let's go back and take a look at another prediction here so this is also mu where we have a bullish view and uh This is where the idea is or the question is will MU stay above $8.86 by Friday August 24th uh from 1st right kind of four weeks from now. If yes you're keeping the credit of $197. If no you're losing $33, right? So the idea is that you're getting $197 in credit. Again since they're trading in 100 packs that's why it would be $197. So we can take a look at this what this would look like and we see all right MU went up. So this Micron Technologies you'll see it right here right. So it went up from uh what around uh $375 all the way to $1,200 was pulling back and you see this is where you don't need complicated indicators. Again for those of you who are more experienced you can go crazy. Absolutely. Yeah. You can keep it easy and just look at line chart and say all right so are you willing to take this bet that MU will stay above 865 which seems to be sort of a support level for the next few weeks. So I mean Lex that is the basic idea where we're just finding some opportunities and again the the goal here is that you are looking at opportunities where you have a builtin edge and uh I'll show you this edge in a moment. Let's answer a question, Marcus, if I may interrupt if that's okay. Um, Scott's asking uh you're you're displaying four-week sort of uh experies here. Is there is the tool also for two weeks or less with? Absolutely. Look at this. So, this is where we have the duration. You can go for a short duration, you can go for the sweet spot, or you can go for a longer duration. And this is where you see right now there's probably hundreds of opportunities but none where you really have an edge in the short term. So for the sweet spot which is typically like four weeks you're fine. And in the long run you see this where you have 5 to 8 weeks. So right now we see here that two of them are are five weeks. This is where you have crowd strike and mu as possibilities. So yes, you can go shorter, but but honestly, this is where with credit spreads, you want to have a little bit of time because I'll show you in a moment why that is. Does this make sense? Yep. Absolutely. And then and then Tony asked, what are the strikes used in this in the model here? Is that is that uh available for the user or is it Absolutely. Everything is available. We we just keep it easy. And this is where you see I want to go step by step if that's okay. Um, so I I'll show you exactly how we do this. So, uh, let me go back to this. So, we do it in plain English. I'll go to the advanced view in just a moment, but right now bear with me for a few more minutes in the simple view. So, that's what it look like. You click it, you see the full picture. So, now the question is when do you exit? Right? And there's two plans. There's a plan A and a plan B to exit. So, entering is always easy. And it's so interesting, Lex. Everybody is focusing on the entry, the entry, the entry. I mean, money is made and lost when you exit the trade, right? I mean, this is where I think it is very, very important that you have an exit strategy before you enter the trade that you say, "All right, what is my exit strategy when I get out of this?" So, there's a plan A and a plan B. Oops. So the plan A is that you manage the trade that you take profit or cut the loss based on suggested exits. And here's the deal, right? So the idea is you take profit when the spread loses 50% of its starting value. So you buy it back for half what you sold it for or you cut the loss if the spread doubles. So this is where you manage it a little bit or you just say, you know what, screw this. I'm holding it to expiration. And this to the question, so why are we going with four weeks? because often after a few days you will see if you bet on the right direction and this is how you can close the trade. So going back to the tool what would this look like and I'm using Honeywell as an example here. See, this is where we have these uh these two outcomes, right? And uh where we have a plan A. And so the plan A is if Honeywell stays above the short strike, this is where we get to the strike prices or trades sideways for a while, you keep the whole $90, right? Or this is what you can do, right? You're you're receiving $90 and as soon as you see that you can keep $45, you close the whole darn thing. or you uh basically uh do a plan B here. So this is where you say you just hold it to expiration. So let me show this to you visually on a timeline. And uh so this is where you have basically four decision points between today and expiration. You can say all right if it's hitting my target I'm getting out of this. I mean so either if my stop loss is it or my profit is it or I wait short to expiration. Now, what I recommend is that you close the whole thing when there's 7 days left. And here's why. In the last 7 days, there is the risk of assignment, right? Lex, I mean, we we know this as as it gets closer to expiration date. Uh, and you don't want to deal with I mean, you're an options trader. Do you really want to have the stock? No, because otherwise you would be a stock trader or you can be a wheel trader or you can other strategies. So, this is where we say and going back to the question. So why do we give this whole thing uh 28 days because it's just kind of 3 weeks you want to get out of this one a week before. So talking about the strike prices absolutely of course you see them here. So for those of you who are a little bit more advanced and know what we are talking about. So here are the strike prices. So we're selling a 220 put. We are buying a 21750 put for protection here. So this is what it looks like now. And here's what I'm super excited about, Lex. As you know, we are integrated with Tradear. You don't need to have a Tradear account in order to trade this, but it'll make your life so much easier because then you can just click the button, place the order, and you see everything here that you need to do for placing the order and then it gives it over to the platform. Now, Lex, I know that you have fantastic platforms. You have the uh the Dash uh the web-based version, you have Trade Hog. Uh so a user can use this or if you just say you know what I'm I'm new to this all I want to do is place this bet because ultimately or this prediction that you're making all you do is this. It is submitted straight to your trade your account. You see I linked my margin account to this. Uh so this is my trade your account number. Probably not super smart that I'm showing it here. So let let me just remove this but uh hey I just want to show you how this works. All right, let me just pause here because again we don't want to go for too long here and that's kind of the the beginner mode and uh then I want to also go to the advanced mode. Um um let me uh let me ask one of the questions here. Clarence is asking is the tool only for mastermind members? No. So here's the deal. Right now uh we have it in a beta test for our mastermind members but this is where um for for you guys I mean Lex and I talked and and he said that you guys are awesome. you're you're showing up here and uh you you're here on a what is it a beautiful uh Tuesday morning for me. It is already 6:00 p.m. cuz I'm in Munich, Germany right now. Uh that's where I spend my summer. But you're showing up here during the day and this is where I would like to make this available to you for free for a limited time so that you can give us some feedback. Does that sound good? That sounds great. Any any way is how how can they get it for free for a limited time? Is are they going to I'll I'll let let me just explain it and then I'll give you the link out. How's that? Even better. Okay. Is that okay, guys? Is that okay with you if you're doing this way? All right. So, uh let let me just show you one more thing. So, because if you have, for example, a few where you say, hm, okay, you know what? I I like this idea of the the Honeywell and I like the idea of the MU trade. So, why don't I put these in my watch list? And that's what I did. I I just put the little star on here to put in my watch list. And you see now it hops over here to the watch list and this is where I also see more of the information here as you can see. So I see what kind of structure it is. I see the strike prices and I can watch it from here because this is automatically as you can see being update every 2 minutes and maybe you're waiting for a certain credit that you say I'm not happy with 90 cents. I want to have 95 cents or I want to have a dollar or something like this. And you can even change this here and can say, you know what, I want a dollar for this batch. And then you can do this and place the order. And you see everything now is pre-filled with a dollar. You can change it here. You can change it where wherever you want. It's uh it's easy enough to just change it whether you do it right here in the watch list. So you can have quite a few where you say, "All right, I I want to keep watching them." Because one of the things that happens here on the scanner, right? I mean, this being updated every 2 minutes. And you see right now we have CrowdSych here with a score of 92 of 100. That's a pretty good score. Now all of this comes with a disclaimer. This stock, can you see it here? This stock is expected to move a lot more than usual. Lex and this is what we know as being a trader. We are being compensated for trading uh for taking on risks. So this is what this is all about. Anyhow, maybe you like the idea of crowd strike and uh so this is where here cool thing is okay this is what the chart looks like it comes from what like 120 went all the way above 215 and now the bet is where you say okay will it stay above 177 all right let me just pause here for for a moment and uh then I'm going to go to the advanced view if that's okay with you guys yep perfect all right let's do this so again this for for those of you who have never traded spreads or new to spreads because we wanted to make it easy and simple. And now let's go to the ones for one to the to those of you who like to geek out on the stuff. So you see this where we have the advanced scanner and this is where we have a few more filters available because this is where we believe that now you know what is meant when we say days to expiration. And so this is where we no longer say short, medium or long. This is where we show you the exact things, right? This is where we uh say if for example you want to trade monthly options only because they are more liquid you can do this. See, now we talk about earnings where we say, "Okay, we can skip earnings with an expiration because you don't want to trade this wild card here." And now we go crazy with all of this stuff. You see, now you see immediately what type of uh of spread is this? What are the strikes? What are the DTE days to expiration? What is the credit? What is the width? What is the probability of profit? What is the expected value? Right? uh what is the implied volatility? Uh what is the probability of getting a fill right at the price? As we know, spreads are not that easy to get filled just because I I mean they're they're consistent out of two legs, right? And this is where we also see are there earnings coming up. Now, since I filtered this out, this is where I don't have any earnings. But you see this is where I can also narrow this down to only the NASDAQ stocks, the S&P 500 stocks, the Dow 30. I'm just doing the whole universe here because the more choices I have usually the better choices I make right I mean if you do only two choices then you feel forced to do between one or another and uh here you see uh three uh 43 candidates meet our criteria three pass which means that they have a score of above 80 uh which means that they have a really nice as you can see here expected value that's what we are looking for and this is where um Honeywell is I like Honeywell I like MU here as these bullput spreads. Now last thing that I want to mention and then we go into the Q&A here because uh Lex you and I we said we want to go for like 30 40 minutes here. We I we don't want to I mean we hang out with you if you're for as long as you want to hang out with us and as long as you have questions. We keep this interactive but I don't want to just talk at you. I this is a workshop. We want to do it with you. I mean, I want to show you this tool and I I I think you you're going to love it. So, final thing here that I want to show you is the trade builder. So, maybe you say, you know what, I don't care about all of the stuff that you do. All I want to do is I want to trade Nvidia because I love Nvidia or I want to trade SpaceX. Please don't trade SpaceX. Please don't do this. But maybe you want to do Nvidia, right? Uh where you say, "All right, you know what? uh I just want to look for something short-term and I'm bullish on uh on Nvidia and I want to see okay what trades can I build here with Nvidia and honestly the only thing that is uh coming up here is a bullput spread that you could trade and it doesn't have a really high score because there's not an edge right now in trading Nvidia but you can build your your own uh bullish or bearish scenarios here if you wanted to. However, I I want to be absolutely honest. This is where options strate or tools like this are just fantastic. I mean, like trade talk is great in constructing your own trades, right? I mean, this is where uh you you should use some of those tools. I think our strength is really here in these scanners and in these uh kind of I think cool looking thing where you see it instantly if you're new to trading and say, "Well, I don't know. Do you want to bet on MU and see? Okay, will it stay above this? Yeah, I think so. I mean, if you're right, you make $178. If you're wrong, I mean, think about it. This is a stock that right now right now is trading at $971. So, yeah, you you can trade it here with very limited risk, with a risk of $300. And this is why I think it's great if you have a little bit of money in your account and want to play around with this, right? I mean, you you you can't get hurt too badly. Now, again, this is the maximum loss. Why am I showing you the maximum loss? Because it can happen, right? So, the cool thing is with spreads, you're limiting your loss and you're also limiting your profit. The maximum profit is the credit that you receive. That's why I say you receive a credit and then you start playing defense. You're defending it. So, um that that's pretty much uh what this is, Lex. Uh let let's go through a few questions here. Sure. Great. Great. Great. Okay. So, let's start here. Um what is the basis for the score? How is it calculated? I'm not sure you can give away the the secret sauce, but do what you can. I do you want me to give away the secret sauce? You say that these are nice guys here on the webinar. Shall we give away? They're nice folks. They're nice folks. So, why don't we give the uh away the secret sauce? Here it is. There's the secret sauce. what goes into the Rockwell score. Mhm. 25 points for the expected value divided by max loss. So, we want to make sure that we have a positive expectancy. Next, the probability of profit up to 20 points if the probability of profit is larger than 80%. Strategy fit the trade direction aligns with the data. This means that we are seeing an overall uptrend or we see an uptrend in a sideways market and this lines up with the bullish view. Right? So this is where we want to make sure that we see some momentum. The credit and width uh we like to see a credit that is more than 33% of the spread width. And the guys if you're new to this and you say what the heck are you talking about? Don't worry about it. For the geeks of you you're looking at this you're probably taking a screenshot and say I can build my own scanner. Sure, go ahead. I mean, we spend a lot of time on this schedule, but feel free to do this, so this is why I'm giving it away. Uh, 12 points for liquidity, which means a high open interest in a tight bit ask spread. Eight points for the days to expiration. I mean, so many people have done so many studies. I think the most famous one Tom Sausnoff and the gang who have been I don't know analyzing it all the way from left to right and top to bottom and every way to Sunday. Right? So um this is where I can show you proof or you can just watch a few videos and then five points for a no earnings risk. So this is basically what goes into the Rockwell score. Does that sound good? Is this what you guys wanted to know? Awesome. Thanks for that there. I mean that's more than what they wanted to know. I think that was specific. There you go. Awesome. All right. So, the next one is AI running this scanner. If so, what agentic agent are you using? No. Why would why would we use AI for this? And you see there's no fuzzy logic. I mean, this is where I showed you. Yeah. This is where all you need is math, right? So uh please and uh for for all of you I know it is super super popular right now to let AI make all the trades for you. Mhm. It's fuzzy logic when we talk about options. I mean Lex you have been a market maker. As a market maker you know it's all about math. We are talking about probability. We're talking about an edge and we are talking about a math. There is no fuzzy logic. This is where Yeah. Uh, we do have an AI that is Rocky that helps you with all of this, but the scanner itself, no AI for this. No AI. Good. And then and then can you So, let's say we have a more advanced user. Yeah. Who wants to come to the platform? Uhhuh. Totally appreciates the curated um markets that you have here. I'm my word. Uh, let's say the advanced user says, "Hey, I want to do my own spread. I like XYZ stock. I don't see it in the in the in the fold here." Can they put in the strikes themselves, hit a button, and spit out all this great information for themselves? Yeah. No fun. It sounds like that's fun, right? I mean, so this is where you you can go crazy and do an a custom spread. But Alexa, I want to be honest. There's really amazing tools. I I mean you know trade hawk I I think that trade hawk is way better for that particular purpose right our idea here that is a a scanner if you want to construct your own trade uh yes we do it okay we do it well and no we are not the best in class but I do believe that with a scanner we're bestin-class so this yep well this look to your point this makes it very easy and I love this I'm a I'm a huge fan. Right. Second thing, you've done this in a way that sort of resembles the prediction markets. And I hope I'm not saying that in offense to anyone, but I love prediction markets because it's easy to understand. Right. That's it. Exactly, Lex. That that's what it's all about. That's what we wanted to model because the prediction markets are so popular right now. And as we hear in the news all the time, rigged against you, right? I mean here you're kind of you can go to poly market and kshi and take the same prediction and they're taking a huge spread here you are trading at an exchange you're trading with a broker right it is all regulated and this is where we hear right now right I mean how people have been gaming poly market and culture so I mean you're really trading against the house here and I believe here when you're trading you're trading against other traders and there are ways to have a trade. Now again you might have seen it here very very quickly. Let me go over here. So um uh actually I need to wait until uh the next refresh comes because then you'll see it is probably scanning around 570 stocks and all of the different strike price here. So, it's scanning thousands of possibilities and out of these thousands of possibilities, it says there's only three that are worth looking at if you want to trade with an edge. Now, again, you can always trade anything you want, but uh I mean, Lex, you as a market maker, that's what you used to have as a market maker. You used to have an edge. You you were looking for the markets where you can have an edge, right? Mhm. That's right. Yep. Good. Okay. Awesome. Um, you ready for another question, Marcus? Oh, absolutely. Yeah, keep them coming. Let's do it. Okay. How do we handle overnight gap? And this this person said gap up, but maybe a gap down too, I guess, or depending what kind of spread you have on, right? I'm I'm assuming it's the negative way, right? I mean, so so here's the deal, right? I mean, gaps can happen. And this is why, as you can see, your risk is limited here. So yes, of course, if you bet on a bullish IBM and IBM drops 30%. This thing is dead in the water and you're not losing thousands of dollars because it doesn't matter how much it drops. This is where your risk is defined. That's what I love about trading option spreads. You have defined risks whether you're doing debit spreads or credit spreads. Again, right now we're doing credit spreads. We're planning to enhance it to debit spreads as well. Uh, but that's the cool thing, right? So, yes, overnight gaps can happen. They can be in your favor. They can work against you. If they work in your favor, you close the whole darn thing right away and boom, you make your money. You don't have to wait much longer. Yeah. And let me let me give you a let me give you a shout out here for this too for with the folks too. So, what's beautiful about what Marcus has here, okay, everybody, is that I spend a I I was I was in the in deep in the mathematics as I went through all this stuff, okay? Our firm was very mathematical back in the day. Okay, he's taken all that out for you. He's done Marcus has done all the heavy lifting and he's presenting to you the best mathematical probabilities, right, that are out there. Now, you could go do this yourself and come up with something that's horrible and I've done it before. I've come up with really horrible things um where the where the the the credit that you're receiving doesn't justify the risk you're taking and all of a sudden that score gets a little bit lower. Right? So this system already takes all the good stuff and and scans for the good stuff. Is that safe to say, Marcus? Yeah. Yeah. And I mean that's that's what a scanner is. A computer can just calculate it way quicker than you can. And of course we have all the the right tools available these days. So you can build your own scanner or yeah use this. And this is why as I said we we should probably hand out the link. So So let me just Yep. tell you how it works. I was planning to have all of this completely ready for you today and and it took us a little bit longer to test a few things as an example that you can place the trade with trade is something that we released this morning. So we would just like a few more days if that's okay with you guys to do it. However, I want to um let me just show it. Let's how can I uh post a link to everybody here because I want Go ahead and post it in the chat. Let's try that. Um so, and make sure you're you're sending to everyone if you hit the drop down there. Yeah, because I think it defaults to host and panelist. Yeah, I can't I can't send it to to everyone. Just to you and host and panelist. Send it to me and I'll send it out to everyone. So, go ahead and do that and I'll copy paste it to everyone. Uh send it to you. Okay. Just just chat it to me. All right. And we do have a couple more questions if you can stick around for those. So, uh, so this is why, uh, okay, long story short, right now it looks like this. So, get on the wait list. Give me a few more days and as soon as it is ready, I'll shoot you an email. I'll send you a text message uh, if you're okay with this and let you know, hey, it's ready for you now. You can test it out. And it will be limited time, right? Because ultimately, this is a tool. Yes, it does cost money and I would like to have your feedback. So, I'll give you a few weeks of access to this uh so that you can play around with it and let me know what you think, what you would like to improve, uh what other questions you might have. So, uh this is where Sorry, I really thought that we can get it done and the team has been working the whole weekend and uh it will really it will be a few days. So, okay, no problem. Um and is that link what's up there? Can you can you can you copy that and send it to me in the chat? I'll I'll put it out for everybody. I I did in which chat? Oh, I don't see it. Sorry. Um, let me find it. I I'll put it in the webinar chat. Oh, I got it. Never mind. You got it. So, it's rock/ better because it is a better group. So, please also understand as a better group, right? There might be something where you see, oh, well, this could be better. And that's exactly the feedback that we want. That's why we give you free access to this. So, okay, I send it to everyone. Can you see the chat? Maybe. So, it's it's rockwelltrading.comba, right? Beta. Exactly. For beta test. Perfect. Okay. So, sign up there. Get on the waiting list. You will get information uh for that uh down the road here shortly. Right. Yeah. I mean, really a a few days. What is today? Tuesday. I hope that I can get it out to you by Friday. Uh the goal is uh within a week. So, if I can get in on Friday, I'll have it to you next week, early next week. So, it's it's really really short. We just wanted to make sure, you see, especially when you um link with a broker like Trade Here, we just want to make sure that all of this is u I don't know, crossing tees, dotting eyes, and you know how it is, Lex. Yeah, I know. I know. Very good. Um, got time for a few more questions. Let's get through these. Got maybe three more. Uh, do I have to check VIX score or is it already incorporated into the scanner? Does VIX have anything to do with this? Oh, I love this question. Look at this. And here's what we do. You see in the upper right, we kind of give you a red, yellow, or green. You see the VIX momentum is up, right? And this is where how fast market fear is changing. So, positive. Today, the VIX is down. And over the last few days and that's what we're looking at not today. Yeah. We we are seeing that the fear has been rising. So this is where we just say yellow right. So uh this where you see it here uh term structure. So don't worry about this. Uh but this is where we kind of when there's really a lot of fear in the market you will see a lot of possibilities here. And we're just saying okay be a little bit careful. Markets are selling off today. Meaning the fear is there. So uh we believe that instead of just giving you the VIX because you can get the VIX anywhere uh that that we show you what is happening over the last few days and as you know last week markets were lower right markets were selling off so there was a little bit of fear today it is uh it is moving lower uh but one day what is it one one swallow doesn't make a summer or something like this you get the idea right so got it okay Um, can the scanner pick up in the indices indexes? Uh, not right now. Not right now. And honestly, uh, Lex, I don't know if you want to open this can of worms. Uh, indices need to be licensed in term of data and they are the most expensive data. Now, we are not charging you for data fees. We are eating the data fees every month. And uh this is where uh right now you're probably talking about indices like SPX uh I don't know the uh the NDX and these kind of things. We are talking with our data vendors. We hope that we can make this available soon but I don't want to promise anything because they're just horribly expensive and that's how it is. You are preaching to the choir when you talk about data prices to me. I I don't I don't guys we're trying to do and this the other thing right of course I could make it available to you and then I would have to charge you I don't know $30 $40 a month you know that that there's other packages that have to charge you this and I want to avoid this because you probably have already signed up for other packages I mean I'm not naive I'm not thinking that this will be the only package that you will ever use in your trading career right there's other packages and you probably have monthly fees so try to avoid that yeah And and did I'm sorry you might have said it and I apologize. Did you say how much it is per month? Uh and if if I if you did, I apologize for not hearing it. No, no, no. The the data feed. No, there's no to join for to join the service here to get to get Okay. Uh so after all of this, uh I I haven't made the final decision yet. I'll let you know before you sign up. And uh I mean there's really there will be no surprises. I'll let you know right away how much it'll be. I I'm still running a few numbers. I I'm just so excited about the tool and I know Lex that that we put this webinar on the calendar. This is why I'll do this and u I'll I'll let you know as soon as you get access. Got it. Perfect. And then one last question here unless someone pops someone in here. Why not use the VIX EQ the one for equities only instead of the market VIX VIX? So it's VIX EQ. Do you any answers for that? No answer. I I mean I don't know about you question and I we've been around forever and a day and we're just so used to the to the vicks. Yep. Uh so fair. I think that's fair. Okay. Good. Good. Good. Good. Um that's all the questions for now. All right. Yeah. Terrific. Well, let me ask you all was this helpful? I mean just to have a different perspective and uh see what we have been working on. And uh I love it. I gotta tell you, I think I think Uncle Lex is going to sign up. I love it. You know, look at this is great. And you know, I I watched something um that Saznoff put out the other day. I've talked to you a good bit. My thesis relative to trading options for the retail person is very similar to this. And so is so is Saznavs. does a few different little twinkles here and there, but credit spreads, you know, both sides, puts, calls, um, based on your thesis of direction, they're very easy to do. They're easy to understand. There's a defined risk, a defined reward. You can get into it really, really well. I love it. I think it's great. It's a great Yeah. And I mean, this is where Next, let's talk about the myth because this where we talked about the probability of profit. I like it more than 50%. See, it's very very popular to buy out of the money calls hoping for moonshots. And these are the things that you see in your email that an option went up 273% or 641%. Yeah, but the stock really has to move a whole lot. Right here, you just look at a chart and you say, well, do I believe that this is true or not? Right? I mean, that's where we go back to the to the prediction, right? If I if I'm going to share my my screen one more time, right, where you say, okay, uh I'm looking at crowd strike here and I I see that it has come up from 120 to what right now we are at almost 200. So the idea is will it stay above where it has found support previously uh which is where we say here will it stay above what what did I have here 175? Yeah, for the next few weeks. That's basically it. And this is where we want to keep it easy. And Lex, you're absolutely right. We got this from the prediction markets because when I went to poly market, that's exactly what they're asking. They just say, do you believe that today SpaceX uh will go up or down and uh right, you can place a a bet. So that's pretty much what it is. Yep. Love it. I think this is great. Very very easy to understand. Um a couple more scooched in here. Another person asking about the cost per month, but you you've already answered that. You're not sure yet, I believe. I'll let you know as soon as I know. I promise. Okay. I promise. And then where can I find the transcript for this webinar? Well, funny you should ask. Um, you can get this. Um, it is always on hub.trader.com and we have it on our YouTube traderhub YouTube. And again, fish around in there. I can't remember off the top of my head where they put it. Might be in a playlist or a or a you know, a certain um subsection of the YouTube channel, but you can find it there as well. Oh, okay. And if worst case, everybody, I love getting emails. Send me an email, lextrade.com. It's easy to remember. I love answering questions. You can even schedule a time with me. Um, and that is free, by the way, to chat. So, feel free. All those kind of things are free. That's right. That's right. All right, Marcus, this is terrific. Any any parting words? Uh, my god, you're in Germany. Um, tell me there's a beer in your near future here before the evening's over. Heck yeah. It is 6:45 and the beer is calling me. It's It's gorgeous. So, this is why I I love being in Germany because right now temperatures are in the 70s. Uh, in Texas, we are in the mid 90s. So, this is why I like to escape. So, yeah, we will hit a beer garden here. We are dead smack in the city of Munich. We are just uh steps away from Victoriaian marked marine plots and uh that's where you'll find us. So, if you're in Munich and you're around, uh, let me know. There you go. There you go. And guess what I forgot to do? The marketing team is going to be so mad at me. I forgot to run the poll. So, folks, I sent that out. There's only seven questions. Be nice. Um, they're easy. Multiple choice, I'm sure. Um, so give it a shot. I'll I'll wait around. Marcus has got to run probably, but I'll wait around. I see some of you guys answering it. Marcus, thanks so much. Lex, thank you so much for having me. Hope that you all had a great webinar here. Have a great rest of your day and uh get on the the wait list. Uh as soon as it is ready, give me a few more days. I'll send you an email. I'll shoot you a text and then uh you'll get your login information. Awesome. Thanks, Marcus. Have a great evening. Thanks, Lex. Okay. Bye. Bye now. All right, folks. I can wait here for a little bit if you want um answering those polls. If you have questions for me, that's fine. Um, fire them away. Just so everyone knows who's still here, you know, we had the summit in this past May. It was a live summit in West Palm Beach, Florida. We had a great time. It was really well attended. Marcus was there, as a matter of fact, if you weren't able to make it, um, I was asked yesterday, are we planning to do another one, and if so, where? So, the answer is yes, we will do it in 2027. It will usually be in springtime of the new year. Um, we are looking at various venues. There's a possibility it's back in Florida, but not necessarily. So, stay tuned. Look for your emails for sure. Um, but we will get way ahead of this one. Uh, first one was a massive success. We did that in six weeks. This one we'll do in hopefully five months. So, we're it's going to be much bigger, much more fun. Um, so stay tuned for that. Okay. Any more questions? I'm going to wait another I'm looking at the polls here. I'll give it another minute. So, if you got to run, I understand. But if you have questions, fire them in the Q&A and I'll answer them. Otherwise, I'll be on for about another minute and we're going to say goodbye after that. Thank you, Scott. Appreciate it. If anyone needs a demo of the platform, I'll tell you what. I'll send my email out again. I do these all week long, okay? They are one-on-one. You get to talk um during these and ask questions. We are making so many changes to the platform, the the trade pro um which was formerly Trade. I personally use it. It's my favorite. Um I am, I must say, really pretty good on it. And if you need help on it, please let me know. Set something up. You have to send me an email and I'll send you a link. Um, couple more questions we're getting here. Let me let me just read through these while I'm here. Wonderful. Um, hi Lex. Does the real account feel better than the paper account? Okay, everyone pay attention. This is important. Yes, by a million times. Okay, why do I say that? Paper trading is 15 minutes delayed. It's a it's a fake environment. Okay, that's my word. I'm just saying it's fake. It is really fake. So, it's not representative of how a true marketmaking community would feel. So, the algorithm in paper trading is very wonky. It's not realistic. It is there for you to practice your keystrokes is what I like to say. Is paper trading valuable? In my opinion, yes, it's valuable to know where you're looking and where you're hitting the the the mouse and the keyboard and that sort of thing. Is it good for measuring your temperance to be a good trader? No. There's a big difference trading real money with the emotion involved in trading fake money with no money involved. Okay? And I say that all the time. Be careful. Use it wisely. It's great for practicing. Um, but it's not going to give you a realistic picture. Okay, I hope that makes sense. Um, please post the link for sign up. Did I do that already? Hang on. Let me see if I did this. One second. I'm send it out again. There it is. I'm sending it again in in the chat. Joe asked that. Uh, okay. Good. Would you use trader platform options on your platform? I use uh Clarence answer that question. I use Trader Pro all day long. I am uh what I would like to say a master at it. I can move around that thing like crazy and I'm super fast. Not that that's important. I'm just really good at it. So, I love it. It's a great platform. Um and it, you know, it's just getting better all the time. We're adding all kinds of new features all the time. Thanks for that. Thank you everybody. Good. All right. How we doing? Everyone's good. Okay. We got about 30 seconds here for one more question or couple more answers on the poll. I appreciate it all. Um these ask ask Lex webinars will come every month, most months I should say. Think about the third Tuesday of the month. So plan on that. Mark it down on your calendars. Just about the third Tuesday of every month. We're going to plan these. I know we have one set up for August. Um, no teaser yet, but look at your emails and we'll be doing this again third Tuesday of August with another guest like Marcus. It'll be great. Well, that's great. None of us attendees said that um they've been using Trader Oasis, which is uh like Trader Pro. It's improved this person's performance uh for three years by over 75% per year. Awesome platform. Thanks for that. That's awesome. Great job. Keep it up. Keep up the good work. Discipline, discipline, discipline, everybody. They I can't stress that exit strategy enough. Have one. Okay, super, super important. You guys have been great. Um, don't forget to send me an email. I get sad if I don't get them. Otherwise, you guys have a great rest of the week. Happy trading. Trade smarter, not harder. And we'll talk to you guys soon.