 It's time to rise and shine Good morning, good morning, good morning I hope you're feeling fine Good morning, get up, get out of bed It's time to wake up, you sleepyhead Wake up, it's a brand new day And we can't miss out on that day to decay Get your day planned out to be at your best And you gotta make sure you got the right back test Like the sleep away, make sure you're awake Cause we don't have time for fat finger mistakes And ratio condos will pay the bills But you gotta be quick to get those bills Folly a plan to keep your pockets thick If that market gap's up, look What's up everyone, welcome to Today's Zero DTE live stream Today's Wednesday October 4th Hopefully I took care of the hot mics Alright, so For me today Looks like we got a Rick in play As well as a Wednesday AM ratio iron condor S&P up 6 NASDAQ up 45 Russell Pretty much unchanged And Dow just barely green Pretty much unchanged Like that Andrew K Is that get you fired up for the morning Got a few minutes till the bell It's like gold and silver Slightly red, pretty much unchanged Notes and bonds Catching a little bit of a bid this morning Pushing the 10-year yield Down a little bit Oiled down a couple percent Natty gas up a few percent Green gas up One percent Grains are lower Euro and the pound higher Bitcoin up a percent And VIX at the freeze was down One percent It's probably not going to be that much down We've had a little bit of a bounce here in the last 10 minutes Opt for dollar We have a course in the Zero DTE course channel All about Rick, but basically Since we're buying premium We want to enter those on days when volatility is contracting And you'll see that in the back test as well That Those do not tend to perform well If you enter when Volatility is expanding You've got to wait for volatility to contract Which is what we have here That's what the VIX is contracting So first thing I'm going to do Is buy my longs Looks like we're going to have about a 50-55 Point wide Strangle for the AM ratio So the first thing I'll do is buy my longs For the AM ratio Then I'll get filled on the shorts Then I will Enter Rick Then I will close out My 1-2 and my 1-3 B&B Opening bell in 5 seconds Like 42-60 On the call side 40-50 50 wide Oh my gosh 42-10 My template was not set up For this, I got to adjust a little bit So I'm going with the 42-65 calls And the 42-10 puts Wow These things are running away from me I even thought I was paying up a little bit You guys are getting a better fill than me Whoa Still no fill? What is going on here? This thing ran away a buck Whew Finally filled at $19 Gosh That was a That was a little runaway A little runaway premium So I'm in the 65 calls And the 42-10 puts Took a little work to get filled Price bouncing up a little bit Go set up a Rick Looking at the 42-20 42 Excuse me, 42-40 42-60 on the call side And we'll go with the 42-30s See what that looks like A little pricey Let's try the 42-25s That's a little better Expected move for the day Just under 27 I'm going to put my order For Rick in at 13-30 So I'll let that sit for a minute I'm going to go close Close my Bed and breakfast calendar spreads My 1-3 is going to be a winner And my 1-2 is going to be a loser Almost a scratch between the two So I got filled in my 1-3 At 24 Filled in my 1-2 At 10-05 So just posted those In the calendar channel I've still got half my 6-7 It's going to be a big winner You got a big 5-7 winner 6-7 Closed half For about 23% The other half Looks like I'm going to be able to close 4 So I got in at 5-85 It's currently trading at 8-30 So that'll be a big one But I wait a little while Before I close that one It'll be close today though Alright, so SPX pushing up 14 now I've not gotten Filled in my RIC I'll give it a minute If RIC runs away I'm not going to be happy But I'm going to be patient See if I can get in around 13-30 It's currently trading at 14 now The way we got volatility contracting Hopefully we can get Get a fill on RIC Before it runs away Come on, RIC For a minute For the AM ratio K coming in that much Got my order at 13-55 On these strikes Marthenus just posted there Alright, moved up I got filled at 13-65 on that RIC Our time fly Looks like it's getting close to profit target Maybe We got into that one at 285 That may be 35 times 13 Yeah, I'm going to get at least 330 Or 340 for that butterfly So we're not quite there yet Alright, let's see what else is going on We got oil coming down Not ready to roll anything Oil, our ES hedgehog That's getting some nice volatility Contraction on our last Contract And yes, Strangle is doing fine We've rolled calls down on that a couple times Yeah, I'll definitely be looking at Some new hedgehogs today Looks like we need to roll down calls In IWM Got a nose at 97 cents Yeah, we're below We're at 50% on the Calls in IWM I'm going to go ahead and roll those down now Alright, so just posted that In the option selling Just rolled down calls on IWM RUT is Still red Down those to half percent VXX trades getting a little contraction VXX is down 2.5% So expected move to start The day is about 27 That goes 7 to the downside Let's see Kelvin, yeah, it was Yeah, it was 15 wide today I don't really pay attention Of the width, I'm just basing it on delta But yeah, 15 wide between the longs So on the docket today What do we have here? Let's see, I was looking earlier Today is Wednesday So we had ADP non-farm employment Change Pre-market At 9 AM So here in about 10 minutes We've got ISM services PMI Then at 9.25 We've got FOMC member Bowman And FOMC member Goolsbee speaking Looks like they may be holding back some Theta here for ISM With the VIXX contraction I won't be doing a DKS But I may be doing a Quiet lunch If things are quiet Otherwise, I'm going to cut this one A little short today, my friends Just let these things work I still got to put out my October plan So I've got to Spend a little time working on that So I do that now I got to check on some other portfolio margin positions So we will be back for power I look forward to that Hopefully build on yesterdays Alright guys and gals We will chat with you soon Have a good day