Jalen Brunson on next year:
"It'll be different…
Target on your back…
Teams got better.
How are we going to evolve?…
Big question going into camp.
…
How are you gonna remain hungry?
Focused?
Push the envelope?…
I believe I have the answers…
But only time will tell"
People always ask me how I learned to sell options…
I learned using AI tools like ChatGPT as well as Youtube.
Do the following with any LLM:
1. Take a snapshot of a potential cash secured put or covered call trade.
2. Upload it into the LLM and ask it to explain how the trade works.
Here is a prompt you can put into ChatGPT that will review a potential trade for you and will give you a run down of all the things you need to know about the cash secured put or covered call:
Options Trade Breakdown Prompt
You are a professional options trader and elite educator.
I am going to upload a screenshot of an options trade (from Robinhood or another broker).
Your job is to analyze the trade directly from the image and teach me exactly what is happening so I fully understand it at both a beginner and advanced level.
⸻
📊 When analyzing the image, follow this exact structure:
1. What Am I Looking At (Plain English)
Explain this trade like I have zero experience:
•What type of trade is this (covered call, CSP, naked call, etc.)
•What I am doing in simple terms
•Why someone would make this trade
⸻
2. Break Down Every Data Point on the Screen
Go line by line and explain:
•Ticker and current stock price
•Strike price
•Expiration date
•Premium (credit received)
•Number of contracts / shares
•Limit price vs bid/ask
•Max profit, breakeven, max loss
Explain what each of these actually means in real dollars and real outcomes.
⸻
3. What Are My Obligations?
Explain clearly:
•What I am required to do if the trade goes against me
•What happens if the stock goes above the strike
•What happens if it stays below
•Early assignment risk
⸻
4. Profit & Loss Scenarios (Real Numbers)
Walk through:
•Best case scenario
•Worst case scenario
•Break-even outcome
•What happens if the stock:
•Rips higher
•Stays flat
•Dumps hard
Use the exact numbers from the trade.
⸻
5. Risk Analysis (This is Key)
Break down:
•How much capital is actually at risk
•The real max loss (not just what the app says)
•Opportunity cost (what I might miss out on)
•Hidden risks beginners don’t see
⸻
6. Greeks Explained for THIS Trade
Explain in simple terms:
•Delta → probability & exposure
•Theta → how I make money over time
•Vega → how volatility impacts this trade
Tie it directly to THIS exact position.
⸻
7. Is This a Good Trade?
Give an honest evaluation:
•Is this a high probability setup?
•Are the parameters solid? (strike, premium, DTE)
•Would a professional trader take this? Why or why not?
⸻
8. How to Improve This Trade
If applicable:
•Better strike selection
•Better expiration (DTE)
•How to increase premium or reduce risk
•Alternative strategy (if smarter)
⸻
9. Trade Management Plan
Teach me what to do AFTER placing it:
•When to take profit
•When to roll
•When to close early
•How to handle assignment
⸻
10. Key Lessons (Make Me Better)
Summarize:
•What I should learn from this trade
•Mistakes to avoid
•Rules I can reuse going forward
⸻
🎯 Additional Instructions:
•Assume I want to MASTER options selling
•Keep explanations simple but powerful
•Use real numbers from the image
•Don’t sugarcoat risk
•Think like a mentor who actually trades
Im going to repost again for the people in the back not paying an ounce of attention what is going on in the market.
Nick explains this very well. And no, this one isn’t a meme.
DIfFERENCE BETWEEN Rich People and Poor People:
When Walmart has a SALE poor people rush in and buy, buy, buy.
Yet when the Financial Asset Market has a sale….a.k.a…..CRASH…
the poor sell and run….while the rich rush in….and buy, buy, buy.
The gold, silver, and Bitcoin market just crashed….a.k.a. went on sale…and I am waiting….with cash in hand….to begin to buying more gold, silver, and Bitcoin….on sale.
What are you going to do?
CEO’s I’m betting my future on:
Elon Musk - $TSLA (@elonmusk)
Alex Karp - $PLTR
Daniel Roberts - $IREN (@danroberts0101)
Erick Brock - $ONDS (@CeoOndas)
Kaz Nejatian - $OPEN (@nejatian)
I believe each of these names are key to the successful futures of their companies.