 Good morning, good morning, good morning 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 Get 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 Swipe the sleep away, make sure you're awake Cause we don't have time for fat think of mistakes And race your condos or pay the bills But you gotta be quick to get those bills Folly a plan to keep look for Uncle Rick Small gap down means it's time for a dunk Good morning everyone, happy Monday December 4th Welcome to today's Zero DTE livestream We got some red on the board, my friends S&P down 37 NASDAQ down 167 Russell, barely red, down 4 Dow down 200 Gold and silver both sliding lower Notes and bonds lower, 10 year yield up 1% Oil down almost 1% Natty gas down 5% Grains a little bit mixed Euro and the pound lower And Bitcoin up over 7.5% VIX hovering around 13.5% Up almost 7% Pre-market So for today, I'm gonna be doing my Monday AM ratio JSP's are off the board Too much of a drop Also got a 3.5 and a 3.6 DTE double calendar That I'll be taking off I will be, I will be Sorry, I was a little distracted I've got my re-entries that I'll be doing But I've got those turned off right now Cause I'm entering the AM ratio right off the bat Don't wanna get too overloaded right out of the gate But I will most likely turn those on a little bit later Also got the 9.45 Monday Wednesday Ratio I see that'll be going on So really just at the open, just the AM ratio Gapped down, markets pumped Sounds like a great day for an AM ratio Minute and a half till the open What would be the concern? Haven't seen a red bar like this since November 9th, almost a month ago And before that, October Now the day's not over We could still end green, but As of right now, got a nice red bar going That is not a filter in my back test, Calvin So I will trade I don't have the first big red bar in a while filter on today 20 seconds till the bell It'll start trying to enter About a minute after the market is open here Looks like it's gonna be the 75, 45s right now It's about 30 wide SPX gap down was minus 0.66 It's like the 75, 50s And here comes the order on the 75, 50s 75, 50s filled At 1895 75, 50s Here we go Check out a couple of other positions here Actually, I gotta get out of my calendars So my 3.6 and my 3.5 are both gonna lose Too big of a move for those Filled on my 3.5 And filled on my 3.6 All right, so posted both of those In the calendar channel Ah, look at that decay command, boys and girls, that was quick Trades already up to 17, honey And that little bounce Got our DS8 time fly, still in the red But in good shape, it likes the down move The DS-22 Little bit in the red as well Also got a 5.7, my At the Money 5.7 Little outer range My 6.7 is profitable All right, SPX bounced a little bit off the bottom Pretty much right where we opened up Gold had a big overnight move And came back down, hit a high of 21.52.3 Back down to 20.65 Our short string, the Stringling Gold Still a little bit red And AM Ratio Centered I am gonna do, I also am gonna do a A 3.4 DTE Double Calendar Here in about 10 minutes Just keep in mind, if you have the 6.7 That's now the same expiration cycle But it should be different strikes We got a decent move here So I'm okay adding this in To kind of help diversify the price level a little bit Expected move was about 19 for the day So we opened at 64.83 And changed to the upside 35 Well, my chiefs got taken down by the Packers last night With some horror at officiating I'm not one to blame the officials But that was pretty bad On both sides Anyone caught that into that game Alright, S&P down 26 The Russell is green Russell is up a half percent Nope, I mentioned earlier I'm not gonna enter that quite yet I'm gonna, I'll turn it on a little bit later I've got this one, I've got the 9.45 So I don't wanna get too overloaded Man, what a reversal in gold Silver down 2% Big drop in Natty Bitcoin over 42,000 Haven't seen these highs since April of 2022 The Great Wolf Lodge was great Thanks for asking Bumblebee I mean, it was great for them Spent a lot of time in the water park Blew a bunch of money in the arcade They did a Someone that's kind of a young guy Working at the arcade And they were, he was I don't know, I wasn't there But the kids basically were Saying they hit a jackpot on it On a deal and they'd go tell the guy And he'd kind of come over and laugh He knew they didn't But he loaded up their cards with like What are the kids? Got like 2600 tickets or something like that So they had all kinds of prizes from the arcade So they were all pumped about that And we had a birthday lunch yesterday At the Cheesecake Factory Which is always delicious SPX still was kind of chopping near the open Kind of sucked some premium out On that bounce and then Humped it back in Economic reports for the week Tomorrow 30 minutes after the market opens We've got ISM services PMI and Joltz Wednesday pre-market ADP non-farm employment Thursday pre-market unemployment claims And Friday pre-market Some more unemployment data And then 30 minutes after the market Opens consumer sentiment Alright, so the strikes that I have On my 6-7 are the 45-50, 46-30 Oh, let's see 25 Delta calls Trying to get filled on my 3-4 DTE If you're new, these are calendar trades Not zero DTE related I just posted my 3-4 DTE in the calendar channel Yeah, it felt good to get a nice power hour Went on Friday By the way, for you trade steward users Or potential users Had a conversation with Jordan from Trade Steward trying to get a deal For navigation trading members It's going to happen at some point But most likely not Very soon, he's pretty swamped On just kind of getting some Trailing stop and feature requests Implemented as well as getting Some of these other brokers on board So he wants to get all that in place Before he really focuses on growth So, just FY That's all on Schwab It depends on how quickly Schwab Will get their API available They haven't given him Any kind of timeline Well, it's only 847 So, I've got an hour before my 945 Trades fill 1045 Eastern, 945 Central Look at the little Russell run Pushing up 0.8% I assume that means regional banks Are rocking Okay, RE's up almost 1% Retails up 1.5% Gold, semiconductors are weak Tech weak Oil, slightly red Real estate flat Beyond meat Up 18.5% Someone's lacking the fake meat today Of course all the crypto related stocks Are up, riot up 13% Coinbase up 8.5% Meta down 3% Meta's been struggling a little bit The last couple of weeks Nvidia down 3% It's been struggling ever since earnings As well, hit a high of 505 Currently at 454 Amazon, Google both down 2% Tesla down about 1.5% AM ratio is up about 12.5% so far Put calendar in SPX That's over 10% Let's see where did I get in on that Got in at $1.90 Things going for about $2.20 So you could take the single Put SPX calendar off I'm gonna give it a little bit more time Is there anyone on here who's new Who has any questions Keep it short this morning and Sign off here in a couple of minutes Keep in mind for these live streams We got a lot of time to answer questions Fill in any gaps For any zero DTE or anything Not zero DTE related is fine as well I haven't seen that Terms and conditions page Getting stuck for me on Option Omega Elliot Back test running smooth and fine for me Alright my friends We'll be back for Power Hour Live Check the live stream schedule Put it out for December So Power Hour a week Tuesday, Wednesday, Thursday Chat will be streaming live in the morning this week And then I'll be streaming live in the morning On Friday White Tiger what I would do is I would utilize the back test for SPX But I would practice with SPY I think somebody else I saw mentioned earlier I'm not sure if you saw it but You know part of the difference is SPX has twice as many strikes as SPY And then of course the amount of Transaction cost to SPY Versus SPX because of the size The relation of the expenses Versus the profits are fairly lopsided In SPY versus SPX So yeah the back tests are going to look Pretty poor but SPY is a great Kind of learning vehicle But I would base it off the SPX test And the practice is really just to get To understand and feel the flow Of the different strategies And you know see how they work Understand some of the nuances Get real feels instead of doing Paper trading But I wouldn't look at it as You know necessarily trying to Trying to Can existently make any kind of decent Income off SPY with zero DTE All right all Take care have a good day We'll see you in power hour Cheers