Stock Options EXPERT Teaches Graham Stephan How to Invest | Ft. @Savannah Smiles

welcome back to the 18th ever episode of the iced coffee hour we hope your sunday morning is going super well we have a wonderful guest with us today macy graham graham yeah thank you so much welcome to me thank you huge fan thank you of everything you do i know i got my first credit card because of you there we go so i couldn't thank you more amazing of course as well oh yes of course welcome to the podcast thank you for having me we have made an astounding three hundred and eighty one dollars gosh that to four grand already yeah you guys are catching up to me yeah i know are we yes wow how much have you made so far let me see what's your total you guys got monetized way faster than i did we got monetized in 24 hours it was amazing i waited almost yeah five weeks one second so i've made five thousand three hundred and eighty five dollars there we go we're catching up yes and then let me see i don't know how to work the app one for this stuff quite as much um [Music] ten dollars ten dollars yes um not bad ten dollars is still decent yeah my highest cpm is in australia of all places so mine too i thought i think australia is one of those places where they pay like two times they're doing well they're kicking it off yeah they are yeah crazy enough our podcast has a cpm of just under twenty dollars wow and i think the only reason why it has such a high cpm is because you i think just having you and the name i boost cpm's yeah yeah i really think that's the case so but andrew hales said that doing like investing topics the video that i did with him yeah yeah i said hi cpm so now you know guys just put graham stefan in the title of all of your videos even if i'm not in it yeah it doesn't just have to be about stefan no exactly so we have actually been making 60 and 85 cents every day on average for the past 28 days of the podcast nice which is very interesting because previously for the for the last 28 days a week ago it was 58.74 two extra dollars cool and then 52 and then 44 42 and then 30. so what are you guys gonna do with the two extra dollars well that's a great question i think jack is going to lead us into options trading because he wants to teach us how to trade options so this is a crash course on options okay cool and i know that you're somewhat familiar with options trading macy how much do you know um i know that if i were to do options trading i would be gambling that there's no point for me before yeah i i know that there would be no point for me before obviously this wonderful course that you were providing us for free to do it because i might as well just take that money to vegas because that's how unknowledgeable i am i don't think i'm going to teach you how to options trade but i will teach you what exactly it is so because people have been requesting me to explain what exactly options trading is i'm just going to go straight into that okay to me this is like the blind deleting the blind no kidding no kidding by the way guys seriously i'm open-minded i'm going to be learning as i'm explaining it i mean i'll just put on your youtube video how to trade options and just play it into the mic he's going to look at wikipedia investors just read to be honest the way that i've been learning options trading is just amongst me and my friends we just kind of teach each other as we go so our vocabulary is not what it's probably typically coined as like an option strategy we kind of assign our own names for things so it might get a little confusing there but this will be a great title it's gonna be even worse than my investment portfolio because people are getting upset at me for saying things like i trusted this stock to do well long term i trusted that this company was going to do well and people got upset at me for getting too emotional by that so with you making up your own terms i can only imagine what the comments are going to be on this yeah well i think we have kind of relatively the right terms but what what website okay so uh why don't we just start here what is options trading for anyone who's not aware what options trading is okay in every single options trade you have two groups of people the buyers and the sellers of the options in options trading you have two categories you have calls and you have puts well let's explain this what is an option trade i want you to explain this one option is a contract between two people that gives the parties the option to either buy or sell a hundred shares of an upon stock at a specified date in the future at a specified price does that make any sense to you mace yeah so it's kind of like one saying oh well i think it's going to be there someone's saying okay well i think it's going to be under over something it's kind of it's over under kind of yes so what it is if jack has this stock it's worth 20 right now i could say jack i'm gonna pay you one dollar for the right to buy this at twenty dollars in a year from now so if this twenty dollars goes up in value now it's worth fifty then i paid one dollar to buy this at twenty when it's worth fifty so i make money but if it's worth less than 20 dollars in a year from now but i paid jack a dollar i could say you know what i gave you my dollar for the option i'm not going to use my option you get to keep the 20 i'm going to lose my dollar but at least i'm not losing 20. exactly that's what it is and if it goes up to 50 you make 29 because you paid the dollar premium which offsets the 30 revenue that you'd make between the difference of 20 and 50. but i make one dollar profit yes so it's kind of good for the both of us and that's essentially what options trading is but it gets a little more confusing when you get in terms of calls and puts because in every option trade every contract is not one stock a contract will consist of a hundred shares of a stock so basically your profits and losses are multiplied by a hundred so if a stock goes above you know if it goes up one dollar when you're betting that it would go down you could be losing a hundred times that one dollar for every dollar it goes up or down it's it's a great idea for beginners to do to do this yes precisely i'm 10 for 10 and i am a complete beginner okay the last two trades i did i made 22 profit and 20 percent profit didn't you tell me that you were maybe gonna lose one i did tell you that and that's because i bought an option so you're not counting that in the statistic but the option is not um it has not expired yet so this is like i haven't lost money until i sell right okay yes technically it could very well be in the green and if it goes in the green by one penny you you know i'm gonna exercise i'm gonna sell that option because i don't want to ruin it what's your total profit so far trading options 430 over how long uh it's been a few months now three months maybe a few months okay do you have any questions so far options why why why options trade and not just invest like uh like i recommend because if you options trade you have a lot more choices right you you have more options if you're buying options you have assessed risk so you know exactly how much the max you amount amount you can lose is but if you're selling options you have a guaranteed amount of money that you're getting which is the premium which is i like that a lot so i think what would be the most helpful thing would be to explain the difference between calls and puts okay so what you're saying is if i'm buying options i could 100x my money basically and if i'm selling options then i'm getting some income for stocks that i wasn't planning to sell anyway unless that option uh strikes exactly okay so to explain calls and puts graham do you know you know what calls and puts out correct so macy just interrupt me if this gets confusing to you at all okay so on the side of calls you have a seller and you have a buyer the seller of a call will basically say that say i have a hundred shares of a random stock let's say sketchers okay i have 100 shares of sketchers and my average cost was 30 say i think that sketchers will likely go down a little bit or will remain the same maybe go up a little bit but it won't skyrocket right say i don't think skechers will be at 35 45 days from now okay i don't think it will i think it could be at 32 so i sell a call i set this limit a strike price is what it's called at 35 dollars because i don't think it will hit that strike price is actual term or that's one you've made that's the actual term okay so that's the the price the cost of a stock where the the contract is exercised got it actually essentially saying so then somebody would look at that and say okay it's 32 well i think it's going to go up to 35 and they would pay you 32. well they would think that it would have to go above 35 to actually have some value right right so if i'm paying jack a dollar i for that contract then it goes to 36 and it break even anything above 36 would make money that's exactly it yeah okay so that would be selling and buying calls okay the exact opposite would be selling and buying puts okay so if you're buying a call you hope the stock goes up right because you're paying to have a reserved price to be able to buy it at if the scot if the stock skyrockets and goes to 40 when you reserved a spot at 35 even if you paid a little bit of premium you're stoked because you can make the difference between 35 and 40 of course offset by your premium you paid initially right that would be buying a call buying a put is the exact opposite so essentially you're reserving the right to sell someone a stock at that strike price at the given date in the future how i got started in options trading was i was selling puts so i was basically saying i think this stock will go up or down it doesn't matter but i don't think it will go below this value if it goes below that value i am forced to buy it at the given strike price that value right i'm forced to buy a hundred shares of that stock because an option is 100 shares say the value is 25 i don't think the stock will go below 25 dollars well if it goes to 22 i'm forced to buy a hundred shares at 25. but you already own that you're we're talking about selling puts you don't have to have the underlying stock to sell a put so i could sell a put on any stock that i don't own as long as i just have the cash to buy up a hundred shares got it okay that's depending on what brokerage you use yes okay yeah so some brokerages will say you have to have the collateral you have to have all the money to be able to pay for the option if it's if it goes through um and some brokers don't really care yeah how do they not care how do they not where does that money come from do you just it's like margin okay it's margin yeah so you just delete the app after all very quickly yeah so that would be selling and buying puts got it and i was selling puts i was saying i don't think this stock is going to go below this value and it never did so i was continually just making premium by selling a put and by acting as the insurer essentially is what you're doing is like how are you making premium because if i sell a put and i'm and i'm putting myself in a position to possibly be forced into buying a stock 100 shares of a stock at a premium price at a higher price if i'm putting myself in that position then someone who buys a put is paying me premium to be able to sell me the stock at a premium if the stock were to plummet the buyer and the seller the buyer of any option always pays the premium the seller of any option whether it be a call or a put will always receive yeah so it's people just paying jack the dollar to buy skechers in the event that it drops to a certain price at a higher price price right the difference so i sell a put at 25 if the stock goes down to 20 the person who bought the put would be able to buy a hundred shares at 20 and immediately sell those hundred shares to me at 25 and they make five dollars per share in a contract which would be 100 shares so it'd be 500 profit got it i just don't understand on the puts why anyone would do it why anyone would sell well yeah it just it seems like that's really risky it's the same thing between a call and a put it's the exact same thing however a call if you're buying calls you think it's going to go up if you're buying puts you think it's going to go down you're making the difference either way it's the exact difference between the strike price and the market value of the stock at the date of expiration for a strict but she's saying that why why would someone do that over investing their money i don't buy options i think that's very risky i sell options so you recommend people instead of buying stocks they just they sell puts i would say my my current strategy is not selling puts anymore i'm doing this thing called a short strangle which is where i sell a put and i sell a call okay that's a real term that's a real that's how i made my 22 and 20 profit was on a short strangle so basically that means if the stock at the date of expiration is within two values two given values say it's twenty five dollars and thirty five dollars if it's within there then i make the premium from selling the call and i make the premium from selling the put because i sell the call that's the higher you know there's the strategy when when you're playing craps in vegas it's called the iron cross and it's where you bet on every single option on the table and you basically have it's like an 85 chance of winning every single time and people wonder why don't you just bet on everything except for the seven because you have an 85 percent chance every single roll not to hit the seven well eventually you hit the seven so eventually i think you would you would you would win up until the point where just one of them craps out and then all of a sudden it's like well there's all the prof that i made it's gone but also it works frequently to roll a seven or an 11 or maybe i don't know how to i don't know how it works but i do well there's that other strategy in vegas that says you just continually double down i've heard of that so you go from a dollar two four eight sixteen and eventually what you tried to do last time you went to vegas which last time we went to vegas no you were betting and then you said you were going to turn that 200 into a house yes no so i was joking 100 i had 150 cash and i said if i doubled it 13 times then i could buy it the house i liked in vegas cash he repeated it about five times yeah biggest fan of an hour it sounds easy to be like all i gotta do is double it 13 times in a row and i and they did the math it's like zero point it was like six zero zero zero zero zero zero six percent chance of that ever actually hitting it's not good enough so it was like no it's like one in a billion chance yeah zero zero zero one two two zero seven zero three no i think it was less than that that's not that's bad that's a that's a fraction of a percent it's ten beanies come on yeah oh no you you it was one two you have to divide it once more because it was six why because that was 12 because you have to start off at one percent or half a percent because if you if you have a 50 50 out of something you start off at half a percent yes that's why you do i know but if you do if you do it once more than that like divide that by two gram that's not how you work yeah it is that that's what the number is you put you put point five so that's half your odds are always one something's gonna happen you put it at 0.5 and then you raise it to the 13th i think the difference is pretty nominal between the two values i think it's safe to say that neither will happen neither of them is going to happen i just want to say by the way i i i'm going to apologize if my explanation of options was not very good i would like to throw graham under the bus right now and say that when he's explaining his videos he gets to try a lot of times and i don't get a try a lot of times on the podcast yeah so if it was rough if it was not very clean i want to apologize know that i am the options master i know options inside and out like the back of my hand and i would be able to explain it if given more chances too okay 10 for 10 everybody okay 400. so why but but you still didn't answer why do this the strangle instead of just the short strangle the shirt strangle why not just invest why not just put your money in a few good stocks and an index fund why did you choose this i like to have more control over what i'm investing in and there's a formula oh wait wait i swear man how do you not how do you not have control over what you invest in if you could pick like i'm investing in because there's an assessed risk you know exactly how much money you're putting up in options you know exactly how much you can lose there's there's plenty of like there's so much more control over what you're doing what do you mean by assessed risk is there something like the morning star i think it's called morningstar review what's that morning's it's the morning star rating of what a stock is and what they think of it and they have the whole breakdown i don't remember the psych part of that or if it's just called morningstar is there something on there that firstly explain to you this when you invest in stocks your strategy is to look at the financials of the company right yeah you look at the financials you look at the you look at the top leaders of the company obviously you want to make sure that the last ceo didn't defraud his last company and so you do that you look at that you look at that you look in the news and see what they are working on or if they've just had a major scandal if there's been problems with this company in the past there's a lot of things you look at i mean yes but financials too but based off of the financials of a company you know how people say that you want to be able to buy stocks under value wait so you've made 430 dollars right yes you've done 10 of these yes so how much on average are you making from each option in the beginning a lot less because i was a lot more conservative with my trades ten dollars no i eat i mean i can pull it up but it's a little bit more than eight and ten i think my biggest trade thus far has been i made 130 six dollars on my last trade short strangle okay short strangle next he's going to be doing that the tall strangle that sounds like a bad name of a serial killer so danny devito that's terrible say that you deem 28 as a fair price a discounted price for skechers okay you can sell a put at 28 and receive premium say the stock goes down to 27 and it gets put to you and you have to buy the stock at 28 when it went down to 27 so you're losing 100 immediately off the bat one dollar is what you're losing but multiplied times 100 because it's 100 shares it doesn't matter to you because you view 28 as a fair price for that share because you're confident in that company you've looked at their financials and also even if it did go down to 27 and you didn't want to buy it you know you're losing money you also have the premium to offset any loss and in the event skechers doesn't go down below that strike price if it goes up doesn't matter because you've made two hundred dollars you've made two dollars per share so you're making a lot you're making money if it goes up without losing anything if it goes down yeah it sucks because you you lose the difference between the market value of the share at the date of expiration and the strike price of the of the stock yeah it sucks you're losing that difference but at the same time you view the price that you paid for the stock as a fair price and you have the premium to offset any loss between those values so here's my thing with it is yes when you're investing normally like how i do and granted this is coming from somebody who's relatively like i don't know somewhere between beginner and intermediate i don't know i can't tell you at any expiration date this sounds fine until you get to the expiration date part for me i cannot tell you what any stock is going to be 45 days from now that i have you may be able to kind of guess but i i may be able to say a range but i would never be able to say i know the sketches is gonna be at 28 and then it feels like you're unnecessarily losing money here's what jack here's here's an example for jack en phase it's like 70 bucks you don't think a year from now it's gonna be at 30 or let's even say five months from now it's not gonna be 30 right so you're now betting you're gonna say well not investing saying i'm gonna sell a put at 30 knowing that 99 chance it's going to be above 30 i'm just going to get free money because someone is going to pay me who thinks it's going to go below 30. you have someone that's fine too i knew end phase was uh and here's another good one that i had sun run i always felt like was way undervalued and it was worth way more than it was it was at i think like 15 14 in june when i made my stock market video it's at 50 it's over 50 right now and this is in the span of two months i knew it was worth more but i could never have told you it was going to be worth 50 and that's where i find the risk in it is i could never tell you it's going to be at that i knew it was valued way more and i knew that this company had a good longevity to it but i wouldn't be able to tell you that it doubled exactly so if you think if you're very bullish on a stock and you think that a stock is in for a big run what you could do is buy a call okay and when you buy a call like i said you're paying a premium it's a premium per share that's the max amount of money that you can lose in this transaction in this in this trade in the contract in the option that's the max amount say it was two dollars per share you're losing 200 immediately you're paying 200 to reserve the right to buy this stock sun run at a specified value let's say two three months in the future doesn't matter you're losing 200 but how high did the stock go it went to 50 but when i bought it back in october it was at 19. right so say you set the call at 25 okay then you make the difference between 25 and 50 times a hundred because it's a hundred shares of it so 25 times 100 that's 2 500 i hope my math is right you're making 2 500 off of losing 200 for paying for the contract if you are bullish on a stock very bullish like if you if you are very confident in stock you can buy calls i don't recommend it i'm personally not someone who buys options i like to sell them but you could buy calls if you think a stock will skyrocket and you can buy puts if you think a stock will plummet you always make the difference between the strike price and mark how much could i make if if i have like 60 grand worth of boeing how much can i make because i'm let's say i have 100 shares of boeing uh i don't know what that would be a hundred and something thousand dollars of boeing um how much would i make selling selling a put no you'd right if you have the stock you'd want to sell a call which means that selling calls is actually one of the the most conservative ways that you can make money there's very low risk in selling calls as long as you have the underlying stock so what's bowing at right now uh what is it 160 160 okay say you sell a call at 180 okay that means that you're forced to sell 100 shares of that stock at 180 at a specified date in the future sorry you're not forced but the person who bought the call has the option to buy it at once so if it goes below they're obviously not going to buy it at 180 and if it goes above they will buy it at 180. right but how much what's the premium what can i expect yeah on a covered call at 180 yeah for boeing how long in the future yeah let's yeah let's look it up let's click the cameras off and on i'm curious all right so yeah 100 shares of boeing so when do you want to set the x the date of expiration when do you want the contract to be done next month next month so let's say october 16th sure okay october 16th if you're selling a call at 180 you can make four dollars and 53 cents per share so 453 and if it doesn't go to 180 you just get 453 dollars if it goes above then yeah you have to sell it 180 but you're still making profit on this so yeah so i'm investing let's say 16 300 in boeing to make 400 in a month if the stock price stays below 180 yes yeah but also if the stock goes to 180 453 you're breaking even because you're gaining 453 per share right so if you think boeing is going to be at basically 185 or higher by october 16th it wouldn't be a good idea but also you still are going to be selling the stock for a profit right because i'm sure that you bought the stock at a cheaper price right you're selling it for a profit and you're still making 453 dollars so i got this here my it's called options train on schwab that's the options chain yeah and uh so we're right here so 180 what is this bid and ask 16.50 and 17 so this would be a put and that's a call this is the call side and that's the put side yeah and then this would be the prices of selling and buying about 465 dollars if you did it right here at 165 you'd make a thousand basically which is pretty cool making a thousand dollars immediately obviously if it goes down you have to hold on to the stock and it will depreciate and you'll lose value that way but you also have a 9.45 cents to offset any loss if it were to go down interesting so that's where you get the control factor in trading options you know basically what you could lose what you could gain and also when you are in a contract this is the good part when you're in a contract you don't have to wait until expiration you don't have to wait because that contract is what holds the value if you buy a call you can sell that contract short of term like you can sell it before it expires if i'm selling a put right which is when you hope the stock doesn't go down because then you'd be forced to buy it at a higher price if the stock starts to go down a little bit and i'm like whoa i don't i don't want to have the pot you know potentially buy this stock at a really high price what i could do is i could just do this thing called buy back which means i would um put my contract that i had up onto the market and then people would buy the contract away from me and the short strangles let me explain to you why they are good why i like them if the stock goes up and you're forced to sell 100 shares of that stock right because if it's a covered call you're forced if it goes up you're forced to sell at a lower price than what it is you're going to have the premium you cut collect from the call and the premium you collect from the put to offset that if it goes down and you're forced to buy from you know selling the put you're forced to buy you have the premium from the call and the put that you have to offset that so it's just as long as it remains between two values you have both the premium from the call and the put to offset any crazy jump if it were by any chance to go outside of this range of values that you set you don't view options as being a quick money grab on a lot of these i saw a lot of clearly not i've made four hundred dollars in three months well you're making that short term but i think that's funny but i've seen a lot of people who have commented or have talked about their tesla shares and how they were doing options on it when everything was going down i've made like 10 000 off of my tesla and me putting that money there and a lot of the people that are doing options they made a thousand but they weren't able to hold it long enough or whatever they didn't have the value in there for it to i don't i don't know they didn't hold it long enough they were doing these option trades for super short curls i don't buy options i sell them buying options is very risky you can make a lot of that's all the yolos on wall street bets that's buying options if you've ever heard of theta gang that's like the opposite of wall street bets those are the people that take a lot more time in their trades at least i think i'm not very familiar with data gang i peruse you know but they sell options ver it's a smaller community a lot smaller community theta gang sells wall street bets the yolos where you have crazy gains and crazy losses those are all people buying calls and puts expecting a spot stock to plummet or to skyrocket got it okay so those are the people that are saying options traded tesla yeah i was doing options on tesla i should have just held the what people think of when you say you're doing options trading and they go oh my gosh you're gambling yeah you're getting it's they're probably thinking about buying options you know how like when you say you're doing options like there's kind of a stigma around it like you're doing really risky investments you are if you're buying in my opinion of course i may not be right but this is what a lot of people think if you're buying options yeah it's a total risk it's a gamble but what's the who's the person transacting with that person got it they have to transact with one another you have one person taking big risks the gambler you have one person that's transacting with that person selling is transacting with the gambler buying is being the gambler in my opinion yeah i still think for most people though it would be a gamble i know that sounds a little bit contrarian to what you just said but i think even myself i would not feel comfortable doing it no matter how much i learn on all this because i still feel i don't know enough for it to be such a big risk i might as well be gambling macy if you want i encourage you to look into it i would have to know more when i'm looking at stocks i know specifically what i'm looking for long term looking for something and what i'm talking about long term i mean years in the future so i would need to look into this more but it's definitely something i'm open to learning more about and learning because there's one thing to understand the concept and then it's another thing to actually do it if that makes sense so i would need to know what i'm looking for when actually doing it versus just understanding the concepts that's fair i still i'm not a hundred percent certain of what i'm doing i'm learning i don't know i'm getting no it's no i love it honestly like i'm getting more and more sure of myself the more that i do it like i tried day trading i only lost money like i really i had a hard time day trading it was terrible he bought tesla we gotta know yeah oh yeah i posted on my instagram the people on my instagram the only reason tesla went down was because you bought it yeah elon musk was waiting is like okay jackbot sell here i'll uh um check this out i'll take a screenshot and just like throw this up this is my robinhood account okay right this is a little bit of my play money so this is when i got all the free stocks and they just kind of appreciate it a little bit thank you graham for using my referral link um so they appreciate it i was making money i was like okay that's sick i started day trading right here oh basically only losses okay [Laughter] you should tell us when you're buying so we sell i lost 200 day trading and i was extremely frustrated to say the least so i was like i'm sick of waking up at 6 30 in the morning to lose money and to walk downstairs and tell my dad yeah we had a red day but that's what happened and i basically just held cash in my account for right here okay i was like i'm sick and tired of losing money waking up at 6 a.m i'm holding cash guess when i decided to just buy spy oh my goodness wow your timing is terrible okay so he was up for like a day i realized it makes no sense to hold you know this money in my account might as well just hold sby right just get sp why because it will grow over time i bought right here plummeted and i was so fr i was like what am i only losing money right and then i decided i'm going to start selling options consistent gains over time and then right here bought tesla stock but i'm just saying you started buying and started doing options why can't okay uh march 23rd that was the market bottom seventy eight hundred yeah questions weren't really directional they weren't really i know but had you just invested all of that or just kept your investment here that's what i bought tesla eight okay wait wait wait so 8 000 that was what february what date was that that was march 20th i started doing options it was yeah it was like it was probably march 30th so graham said he was willing to yolo some money into the market a thousand dollars to be specific the best way we can yolo your money of course would not be selling options it would be buying options sure so what do you want to do do you want to pick a stock that you're really bullish on we can buy a call would you want to pick a stock that you're very bearish on you think it's going to plummet we could buy a put or do you want to leave it up to them to find they're going to pick something crazy that's going to lose money i really want to do the snowflake ipo i really want to buy calls on that you don't want to ask questions if anything wouldn't you want to buy puts why in short term no no long term puts or you could do short term calls if you think because it's gonna go up yeah i think it's gonna go for like two days can i do like two days you could do a week out call probably if they do i don't even i don't even think i could do snow right now let's see it's not even available on robin hood yes it's too early some stocks don't have options tesla fantastic it's always tesla man why is tesla i probably wouldn't do that why are you because that's this friday you think tesla's gonna go about 475 by this friday what's it at right now 446. it's a thousand bucks let's just try it really yeah it's at almost 450. so wait oh so i'm only buying one contract worst case scenario you could just sell the option oh it's a thousand bucks this is for content he needs to write off you know how when we had her on the podcast last time we titled it graham makes the riskiest investment of his life when he's invested in dogecoin what's up with her coming on the podcast are you making these dogecoin was stupid at least with 10 at least with tesla at 475 i think is is reasonable for the stock it's just it's so unpredictable okay you don't want to maybe try 460 actually does robinhood yeah they do after hours do it in 2015 the tsa collected 765 000 in loose change at airport security checkpoints that's cool yeah that's not three quarters of a million dollars what is it who who gets to keep it the government i don't know really no no no that's interesting that's cool i wonder how much loose change there is just on the streets right now in the world how many millions of dollars do you think there are just do you think it is the net worth of some of our no way the wealthiest people no i don't think some of the wealthiest people but i think it's probably enough to put somebody if they got every single piece of loose change right now sitting on the streets they probably would be you know up in the at least the five percent oh yeah there's probably there's probably tens of millions of dollars out there right now just unaccounted for or lost just in the tsa alone if there's three quarters of a million dollars yeah just tens of millions of dollars between the window and between the car there's at least like a dollar yeah it's a good place to check for loose change yeah i'm one of those people that will grab loose change off of a sidewalk any day i always grab it it's good and then it assists my wallet and it makes my wallet too heavy do you do the same pick up lose change i used to i don't i don't anymore i don't i don't leave the house very often to the point where i would see loose change is it is it like if you saw a quarter would you pick it up yes that's a that's a coffee yeah corduroy wood pennies i don't pick up anymore yeah nickels i don't pick up dimes i would think about it your time is worth more like you're you sit there you should pick it up or not you've already and after five seconds it's like well i've already lost yeah i don't do coin discrimination i'll grab any coin it's a penny it's a half a penny i don't know it's bad luck if the pennies face down though yeah and also it's not that explains a lot of my life then because i've picked up pennies regardless if they were face down or not i found some really interesting thought-provoking questions online and i just like to hear you guys opinions on it when was the last time you tried something new um catalina we did that uh submarine yeah that was a submarine thing yes that was not last weekend but the week weekend before well we looked at some real estate in some new places yeah that was never tried that we tried that new thai place there or not it was new to us it's not new to them but we tried thai food there it wasn't thai it was asian food and i mean that in they had orange chicken they had pad thai and then they also had curry so asian that counts something new who do you sometimes compare yourself to a lot of people who's the first that comes when i ask these questions i want to hear immediately the first thing that comes to mind joe rogan oh i compare myself to you and like where you were at my point in life and where i'm at all the time i compare myself to graham as well i'm not sure how many other people watch that was literally as i like read this question online i was like that was like the first thing i thought i'm glad i'm not alone in that because i felt really embarrassed to say that no i i all the time and it it's it's i don't think it's that healthy because i think i'm doing enough in my life but i feel bad if i'm not yes like this okay so so for example this morning okay grant i work easily eight hours a day like i usually start working late and then work really late into the night but this morning i wanted to go surfing so i went surfing but when i was surfing i got so anxious in the water because i was like oh my god oh my god what if graham texts me like it's it's could be nine o'clock and that could be when the video's posting today what if i'm not there what if he needs something like i was so anxious i was like how could i even be surfing it is a tuesday it's a workout yeah it's the worst day but still like i didn't start like working until like 10 30 but i'm gonna work easily until like i don't know 9 30 work day man you're not doing enough jack do you think that you ask enough questions or do you settle with what you know i ask you many questions i ask so many questions it annoys people so no that's good i think that's healthy to be curious and to have wonder i think i asked the right amount of questions [Laughter] just perfect i don't ask questions unless something doesn't make sense so i i ask questions if i need to know something and if not then i won't ask a question and why do you not ask the question because you already know the answer is it is it because you just don't care about it could be either war yeah is that what you do with me what [Laughter] i'm kidding no but sometimes even if i do understand sometimes i've noticed too people feel really good if you're talking to them if for example you go on a date with somebody and they're telling you a story don't obnoxiously do this but kind of interrupt their story with questions in relation to something they said earlier and it will really make them feel like you're listening so sometimes even at work when i understand what they're asking of me i'll kind of ask so you mean this and this and this and then they know i listened um so sometimes you can kind of use that that's charisma on command stuff right now yeah some life hack yeah what was your free stock that you got from weeble oh some two dollar stock i don't know wait you get free stocks from weeble yeah it's an insane wow i was thinking robin hood i got a robin hood one earlier yeah you get a free stock with weeble minimum value eight dollars they upped the ante is that 1600. my two free stocks got me 12 wow that's a 12 return on your 100 investment yeah so would you say that was a good investment to make to operate now my robin hood link has gotten me a lot more socks than the weeble one yeah but weevil has the minimum value of eight dollars so that that's that's the bonus of that yeah robin hood will give you stock that has a value a value a value broad range no minimum what does your joy look like today where do you get your joy from today an event conversation wait just today yeah exactly today what does your joy look like today wait what i don't really understand to be honest i don't know what that means like what this term what's that joy look like today like was what was something that was joyful today what a specific instance in your day that you were grateful for graham came in to have lunch with me as he usually does but on a salad but i was in a meeting and so but he so he had to leave but it was really cute because he was very excited to come in with his salad and this fork to sit with me on the bed bowling because i work from the bed um because i work from the bed so he was all excited to come in there and that made me feel really good that he was so excited to come in and hang out with me that's cute yeah ramsay likes to hang out with me he goes i have this he has a cage that graham got him as a kitten but it's probably the size for a small dog not a small cat so i've taken it and i've put a blanket over it and so ramsay likes to go in there and hang out i don't know what he does because most of the times i look at him he's not sleeping but he will come in there and they'll come out and kind of say hi and i think it's cute and he likes to just go in there and hang out with me that's that's good as well very joyous graham i took took a break this afternoon for a little bit that was nice um the walk that we did after the walk at not the walk not the walk the wonk was nice but it was so smoky um his break was showering after the walk before he had to go off film yeah and today was a stressful day today wasn't uh couldn't plan a video today so nice to know [Laughter] i found joy today i was gonna say surfing but i was so anxious and stressed during surfing that i did not enjoy it very much my moment of joy i swear to god it was when i got out of surfing and i got to my car and i looked at my phone and i didn't have a text from grandma no i i would have been okay if you text me okay man how's it going but like i i was so scared the entire time you were you were gonna text me like hey man it's 9am the video is posting where are you or like something like that i'm so scared and like literally euphoria like the fact that i wasn't oh my gosh by the way you never mitigate whatever you're going to say to me i want to hear it yeah i should i should have just as a joke but i don't want it but i don't want to do that you did it today what do you mean you did it like an hour ago oh yeah when i walk down the jack i'm like where are you like we're all waiting for the podcast why why because he told me to let him know 30 minutes before so he could shower i'm like dude what like i've been trying to call he's like oh yeah it's funny graham likes to scare you i try to scare grim never works yeah you got to figure out your towels i can i can only manage to hide my towels for about five to ten seconds so if i'm gonna trick him i need to do it in the five to ten seconds because otherwise it start cracking up it's possible you just gotta figure out what your towel is yeah i really like this question um are you worried about doing things right or doing the right things doing things right i want to say both but this is a either or um i think doing the right things i think that kind of ties into the other one doing things right if you're doing the right thing then you're doing things right i kind of i i could have figured that you would have picked doing things right and doing the right things just based off of what i know you guys what would you say would be mine doing things right doing the right things really yeah doing things right i get a lot of happiness out of it yeah but i like i said i always feel like i i i feel like i'm inadequate so even if i do it right i never feel like i did it right so i don't get a lot of happiness right now things right i always try to do things right but even if i do it doesn't grant me that much happiness okay what grants me happiness is knowing that i did the right thing because i think that is right doing things right in my opinion is doing the right things okay yeah yeah so i also find that i find i get way more upset when i don't feel i've done the right thing i would agree that sometimes i get so angry there's been times i have definitely done what i thought was right in the moment and maybe it wasn't correct i have called people on their bs i have quite literally called on that on behalf of friends because that's what i thought was right in the moment maybe it wasn't then but i don't regret it because i think i would have been more upset with myself for not doing or saying anything that makes sense cool all right all right you want to give us the outro yeah thank you all so very much for tuning into this 18th ever episode of the iced coffee hour we really appreciate it if you wouldn't mind follow all of our instagram accounts i don't have a png for your account but i will include it first line in the description perfect yeah like subscribe instagrams weeble weeble what's what's there do you get a free stock weeble and we got to take the thumbnail so what we should do is probably just um pretend we're looking still in the middle of i know oh gotta do like a let's get really close so with that said you guys thank you so much for tuning in until next time until next time until next time all right let's uh yeah let's turn this off