AMERICA’s BOLDEST FINANCIAL EXPERIMENT (Jeff Clark’s Latest Video / shopping trip)
by lobo14 | September 17, 2020 11:44 am
Looking for intel on Jeff Clark[1]’s latest options[2] trading pitch video where he apparently takes you on a shopping spree using only his TD Ameritrade brokerage card and his smart phone with a “Option Chain” app on it. He uses the stocks of companies he’s about to shop at to seemingly generate money out of thin air using a “few clicks in 3 seconds” to make enough money to pay for his Uber[3] ride via UBER, pay for his starbucks coffee[4] via SBUX, buy lunch via Olive Garden options, and the big ending with a $2700 gain on a Nordstrom play to buy an expensive bracelet for his wife. A 5-hour fling all financed by his smart phone app during the car rides to the stores. Anybody know what the heck he is doing and what’s the catch?
- Jeff Clark: https://www.stockgumshoe.com/tag/jeff-clark/
- options: https://www.stockgumshoe.com/tag/options/
- Uber: https://www.stockgumshoe.com/tag/uber/
- coffee: https://www.stockgumshoe.com/tag/coffee/
Source URL: https://www.stockgumshoe.com/2020/09/microblog-americas-boldest-financial-experiment-jeff-clarks-latest-video-shopping-trip/
He’s selling cash secured puts, knowing that if the stock price drops through his put strike, he will be forced to buy the stock.
Thanks, I have no idea what that means. Also, I can’t understand how if this was what he was doing in the video, how he could open an app on his phone, and in real time make a few clicks and see hundreds of dollars instantly appear in his account. I guess I need to study up on cash secured puts.
So other investors holding that stock, are out there willing to pay him cash, for his promise to buy their stock if it’s share price falls to a price below an agreed to “strike price”? If that is how it works, why would a stockholder pay money for that? I guess they are buying the guarantee they have a buyer for their stock shares at an agreed to price should the stock start to tank? If I am still on the right track here, then why would Clarke be willing to promise to buy a declining stock? Also, that means he better have enough cash on hand to buy that stock if he has to keep his promise? Sorry, this is just a world I have no experience in, being someone who only buys mutual funds and etf’s in a retirement account and brokerage account. I have a lot to learn about these alternative methods!
With cash-secured puts, Clarke is collecting a premium. But if the stock drops below the strike price by the expiration date, he is forced to buy the stock.
This is not my first video sales pitch. If it goes on and on covering the same info then they want money. I don’t care about were he buys coffee and that his wife is getting a new gift. I’m sure she is very nice. However you have to put money $ into this account or bucket. That’s fine but I learned about coffee and bracelets and not how much these people had in there bucket. If John Smith made $1,234.00 in 4 hours that’s great if the bucket had $2,000.00 to start and not good if it has $2,000,000.00 to start. I’m still looking it over, might be great to have. Love reading your comments as it keeps me grounded!