I understand finding “Wonderful Companies” wouldn’t be covered this time, but we could use the buy prices from experts and then apply the strategies we learned based on that. I might have missed this, I was just wondering how can I usually check or find the updated buy prices. I think you mentioned things like Seeking Alpha and other sources before, but it’s still a little unclear to me. Could you share a bit more detail on how you normally look them up?

Aparently IBKR cash accounts doesn't recognize the hedge on a vertical credit spread, they calculate the margin as if it is a cash covered put. They calculate the margin not on the hedge (the difference between the two puts, bought and sold) but on the full assignment at the lower strike. Gemini suggests that vertical credit spreads are not allowed on cash account on IBKR and only works on margin accounts ... is that true? @Wendy Dai what do you think?

The Panic → Claude Code lets you vibe-code a CRM front end in a weekend. Market conclusion: Salesforce goes to zero. → IBM had its biggest drop in 25 years. SaaS sold off across the board. → The thesis confuses code with a business. A dashboard is not an enterprise. The Moats → Network effects: 7,000+ apps built on Salesforce. A flywheel no startup can replicate. → Switching costs: 2-3 year migrations. All workflows, training, data locked in. Nobody risks their career on a swap. → Trust: Decades of secure deployments. SOC2 compliance. Regulated industries don't gamble. → Proprietary knowledge: Cross-industry best practices accumulated over 25 years. Claude Code can't scrape what isn't public. The Math → Walmart pays Salesforce ~$6M/year for a supplier portal serving 100K vendors. → Replacing it: 50+ developers ($20M+), cloud costs, SOC2 audits, global retraining. Worse product, 4x the cost. → Walmart does $600B in revenue. No CFO torches infrastructure to save $6M. The juice isn't worth the squeeze. The Real Dynamic → Jensen Huang: "The robot won't reinvent the microwave. It'll just use the microwave." https://www.youtube.com/watch?v=odARk_cFhig → AI agents won't replace SaaS tools — they'll use them. Jevons Paradox: lower cost of use → more total consumption. → Salesforce already deploying AgentForce, tracking Agentic Work Units, experimenting with usage-based pricing, running a $50B buyback. → E-commerce was available in 1991. Hit 1% of retail by 2000. Took 20+ years to truly disrupt. Incumbents adapted. They didn't die. AI agents are more likely to replace the human 'tool users' than the SaaS tools themselves I will share our "buy price" for CRM in my paid clients community.

Trading Index Options requires a separate permission, when I enter to request permission, the US Market is not available to select, only available options are Europe and Asia. Do I need to enable another permission first like Leveraged ETFs or something? it is not clear to me because I already have Level 3 and trading other options for the US market.

Dear team, 1. A few trades ideas today for your reference, and we can track the progress together: https://www.skool.com/wnedys-group-3133/classroom/a1b5ffd9?md=8b411504ddaf438da9506e3eb399e61c 2.Since last Sunday’s session wasn't recorded, I’ll be redoing Session 5 this week. We will focus primarily on the contents -- BPS strategy and less talk on market scan etc, so we should be able to cover everything within 2 hours. Let me know if you can join, if you cannot, no need to worry, as it will definitely be recorded this time! :) Regards, Wendy