This is the only place you actually watch the hosts trade live, and here Tom Preston builds and ships a real Ciena trade on camera. He pulls up the chain, reads the skew, it is pointed to the upside, so he leans bullish, checks volatility (65% but a 24 IV rank, relatively stable), and goes out to a 14 day cycle to find an option with roughly a 68 to 69% chance of expiring worthless.
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Chapters
00:00 Let's look at Ciena
00:23 The only place you trade live
01:00 Reading the strikes and skew
01:40 Why the skew says bullish
02:08 Checking volatility and IV rank
02:30 Going out 14 days
02:44 Finding the right option
03:09 Why he likes this trade
03:38 Ship it
03:45 Looking at AST on the short side
05:01 When the numbers aren't there, move on
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