RUSH TRANSCRIPT Abigail Time ░░░░░░░░ for options insight joining ░░░░░░░░ today is Kevin calley ░░░░░░░░ benchmark investments Kevin great ░░░░░░░░ have you it hasbeen ░░░░░░░░ while How overextended some ░░░░░░░░ bears to vergence is ░░░░░░░░ the equity indexes complacency ░░░░░░░░ depressed the vix indexes ░░░░░░░░ We are seeing open ░░░░░░░░ on the call market ░░░░░░░░ as well I looked ░░░░░░░░ two really safe haven ░░░░░░░░ especially today to see ░░░░░░░░ applied volatilities are and ░░░░░░░░ is the utility space ░░░░░░░░ the real take at ░░░░░░░░ real estate space significantly ░░░░░░░░ 40 less implied volatility ░░░░░░░░ theoverall market You are ░░░░░░░░ seeing that even safe ░░░░░░░░ not much volatility that ░░░░░░░░ signaling the Fed is ░░░░░░░░ going to stay accommodative ░░░░░░░░ people are going into ░░░░░░░░ haven markets even though ░░░░░░░░ are trading at historic ░░░░░░░░ Think about utilities trading ░░░░░░░░ times earnings 28 times ░░░░░░░░ That is pretty high ░░░░░░░░ Is this all about ░░░░░░░░ Fed When we think ░░░░░░░░ Coronavirus we don t ░░░░░░░░ the true economic impact ░░░░░░░░ that tragedy don t ░░░░░░░░ what the impact will ░░░░░░░░ on the global economy ░░░░░░░░ yet we have stocks ░░░░░░░░ assets going back full ░░░░░░░░ again Is that the ░░░░░░░░ Do they have that ░░░░░░░░ bullet Kevin is it ░░░░░░░░ It is absolutely the ░░░░░░░░ people thinknumbers are going ░░░░░░░░ be weaken Germany even ░░░░░░░░ negative rates but when ░░░░░░░░ put your capital to ░░░░░░░░ in fixed income markets ░░░░░░░░ re getting really negative ░░░░░░░░ so you have to ░░░░░░░░ to an asset class ░░░░░░░░ will reduce real rates ░░░░░░░░ A lot of foam ░░░░░░░░ gomo when the music ░░░░░░░░ Turning to your trade ░░░░░░░░ castle Kevin A great ░░░░░░░░ to prevent fomo is ░░░░░░░░ to go into the ░░░░░░░░ deal because they will ░░░░░░░░ fomo from the deal ░░░░░░░░ approved You want to ░░░░░░░░ synthetic long so selle ░░░░░░░░ around the 160 level ░░░░░░░░ buy a call from ░░░░░░░░ and you have your ░░░░░░░░ you are even getting ░░░░░░░░ to do that So ░░░░░░░░ is just like buying ░░░░░░░░ stock but you have ░░░░░░░░ limited upside end you ░░░░░░░░ only spendinga little Here ░░░░░░░░ why We have about ░░░░░░░░ billion devices connected to ░░░░░░░░ Internet and are going ░░░░░░░░ go to 70 billion ░░░░░░░░ devices by 2025 The ░░░░░░░░ way that can happen ░░░░░░░░ if we put more ░░░░░░░░ the cell phonetowers that ░░░░░░░░ castle has Abigail Kevin ░░░░░░░░ can t wait to ░░░░░░░░ you back for options