 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 Wake up, it's a brand new day, and we can't miss out on that day to the king Get your day planned out to be at your best And you gotta make sure you got the right back test Swipe to 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 Follow your plan to keep your pockets thick If that market gap's up, look for Uncle Rick Small gap down means it's time for a duck But if it's getting to it, let's go What's up everyone, happy Monday, today's September 25th Hope everybody had a good weekend And you're rested and ready to roll We got ourselves a 50 wide point iron condor at the $4 credit Potentially, haven't seen that in a while S&P down 15, NASDAQ down 53, Russell down 10 Dow down 100, gold and silver lower, notes and bonds lower Oil and, oil and natty gas higher Grains a little bit mixed, the pound and the euro lower Bitcoin off a percent and a half, VIX up 6.5%, above 18 How about that ladies and gentlemen VIX above 18 Alright, so I need to buy some longs here to start So I'm gonna do my, I am going to order a business this morning For me, is I just put in an order to buy my longs before the bell So I'm gonna do my AM ratio, iron condor first Get filled on that and then I will try to get filled on a zero DTE duck And then if we get a move higher after the open I will also try to get filled on some JSP's And then I've got a three six double calendar I'll try to close after I get filled on all those So that is my agenda I guess the market didn't believe old Jerome When he said he's gonna keep rates higher for longer Until now But we're getting some juice back in our options So that's a good thing I got filled on my longs Looks like it's going to be the 35 I should have checked my templates here Going in with two separate orders because I didn't have my templates set up correctly But I'm in at the 43 30 on the call side and the 42 80 On the put side for my AM ratio I'm gonna try to get filled on a zero DTE duck Go 15 wide here So filled on my duck I've got the 4300 4305 on the calls And then on the put side 42 85 42 55 So for JSP's I will wait to see if we hear the next 15 minutes If we push above the open That's what would trigger me getting into the puts So for now I am going to go try to get my 36 DTE double calendar filled Which looks like it's gonna be a small loser But the 57 is up nicely Trying to get filled on my 36 at 2250 I have to come down on that Needed a little bounce at the open to help that one out Not filled yet I'm at 22 30 There we go filled at 22 30 Alright so just posted that in the calendar channel Small loser The 57 looks like it's up around 400 Alright so back to zero DTE As I mentioned I got filled on my duck With a nice big juicy beak Almost a $1,700 beak Got filled on my duck at 710 15 wide It's a nice looking duck there And then on my AM ratio Like I said I got the 43 30 calls 42 80 puts Got in a couple different orders One order was in at 2015 One at 2050 Looking at some other positions here we got our NDX calendar It's a little bump up Kinda stays here we may We may adjust we may add to it Alright SPX starting to bounce a little bit So we may get a chance at getting in some JSP's If it keeps pushing We are now down below the June 26th price in SPX Not quite there yet We're gonna need to push Basically up to like 43 12 or so Forget that I'll jump in some puts Starting to push up there Another four points or so That JSP trade it just Initially I was Looking at it from a standpoint of Kinda similar to the duck if we gap down 0.10 to 0.5% That would be the qualification But Dan B Added a couple filters that I liked where We wait until You can enter within the first 15 minutes But it's gotta push up some By 0.5% Or excuse me 0.5 tenths of 1% Just push up a little bit above the open And that filters out a lot of the times where You get the gap down and it just keeps running lower So it filters out some of those stopouts So that's what I'm waiting for Just to see if this thing is gonna actually Move up or if we continue lower Vix creeping up to We saw it on August 18th Where it got up to almost 19 Looks like I'm gonna get in some puts here I'm gonna do the 43.10 43.10, 42.30 Try to get a fill at 10.90 Fill at 10.95 on those puts Put spread 43.10s are my shorts Putting my OCO in So on the JSP's my stop Starts at 200% And if I get to 20% Well I moved that stop loss down to 100% So I just gotta kinda keep an eye on it So what I'm gonna do here is I got in at 10.95 So if we get down to 8.75 I will adjust my stop down So I'll keep it charted there It's currently trading at 10.70 I got in at a couple different fills I forgot I didn't adjust my order template So I got in in two separate orders One I got filled at 2015 I got in at 20.50 So yesterday's, or Friday's close Was at about 43.20 We're about six points under that Getting some decent little decay Already coming in on the AM ratio My AM ratio I'll take half off Once I get to 50% of credit It's got a $20 stop So if I take half off then I also reduce my stop From 20 to 10 Getting a little bounce It's helping our duck, helping our JSP's Need another error about 50.70 To come out of my JSP's Before I reduce my stop I saw 8.90 Looking for 8.75 Just watching the price over here 8.80 I've gotten there I saw 8.80 8.80 was the low I guess Alright, let's need a little A little more decay on those puts Before I reduce Pushed up to Friday's low basically I'm taking a little pause Let's see if this market's going to stay weak Or if we're going to actually push up S&P now down 5.5 Nasdaq down 10 Everything within a quarter of a percent lower Friday's close My duck 20% at 5.65 is my order It's currently hitting that Touching it Getting close If we get another little push up My duck will close half Alright, so my JSP's Got to that level So I'm going to reduce my stop on those Down to 200 Excuse me, from 200 to 100 Because it's up over 20% of credit Surprised my duck didn't hit This is tapping on my order Or is it 5.65 That would close half of them for 20% It's tapping on my order Just not filling yet Tap, tap, tap Tap, you tap, tap There we go 20% on the duck hit Closed half So my puts need to get up to about 43.25 would get me to 50% If SPX hits 43.25 And then that would happen pretty quickly Just take a little longer if we stay right here So price pushed up to Friday's close See if it's going to push through here or Roll over Next trade on my agenda would be the DKS at 9.25 central Yeah, quiet lunch at 11.15 That sets up My profit target on the puts is at 5.40 Those are still trading at around 8.10 Looking for 50% of credit on those Trying to push through Friday's close A little bit Another little push We'll hit our JSP's here Or is it 5.40 Now it's down to 6.50 Another buck Another dollar Another day, another dollar my friends You guys are a quiet bunch this morning You guys have a rough weekend? What's going on? Still sleeping in? Still sleeping? Still trying to recover from last week's Bloodbath? Any social events? That'll do it I spent about 3 hours last night Going through my All my trades from last week Trying to log them in a spreadsheet Just to kind of make it easier So whenever Toss Allows us to export again I'll have a little bit of a Catch up I was going to do that Record a weekly update But it's just Not a whole lot of value there I don't think I can share Hopefully it happens I'm going to have to figure out something For the near term I'll just go back to Old school spreadsheets Till they figure it out So we took off half our duck We are getting close To taking off our puts If we get another little push higher Or if we just sit here for a while The AM ratio And the upper Upper end of its range But still just fine Yeah, no update yet The Allison I Contacted him again Friday They did say that As soon as it's fixed We will be getting a Notification on our platform But Yeah, it's definitely not done yet I didn't realize Schwab's Didn't work either They just transferred that problem over to TDA I guess it was nice of them Yeah, I just I knew there was going to be issues with transition But that one just Is a little bit baffling Being that all the orders are sitting right there in the platform Didn't think it was too big of an issue Just to export those Yeah They've definitely been getting bombarded Which is good Alright, let's check on a few other positions We need a little bit of bounce in the Euro To hit our profit target On that short strangle Getting a little down move today Oil We've got a short strangle That's up a few Hyundai Nice and centered We've got a hedgehog and oil This is pretty close to where we put it on We've got a hedgy and ES It's up nicely Coming into the sweet spot We've got a reverse hedgy and GC Move higher for that one To really pick up some Profits Short strangle and MES We already rolled calls down last week On that one Let's see, those are at 1575 Got nothing to do on that one At this point In Q We have a hedgehog Zs, we've got a short strangle Might be getting close to rolling calls down Let's see, those calls were at 6.375 Not yet QQQ duck needs a little bounce To stay alive Old down calls on our QQQ Strangle Last week Rhett ducks in good shape Got a time fly In SPX Looks like it's pretty much at a scratch Break even at this point Not much movement And our VXX vertical If this thing rolls over And we get another spike in volatility I'll be adding to this one Starting to get volatility on Volatility creeping up Yeah, it seems like TOS would be able to At least give us Maybe they don't want to do this Maybe should be able to easily Just create a temporary Export file Just of the trade history Since it's sitting right there But I'm no programmer So maybe there's something I'm not aware of there Alright my friends, I'm going to jump off here Like I said I'm going to do the DKS Here in about 20 minutes I'm going to do a quiet lunch At 11.15 if it still qualifies I'm going to be doing At 11 a.m. my time I'll be doing a 1-3 DTE double calendar And then I'm also going to do a 2-3 That's putting the long options on those 3-day options where Jerome is speaking again So I figured I'll Load up on some 3-day options Do the 1-3 and the 2-3 And of course We'll be back for power hour So everyone have a good rest of your day Stay safe out there Take care And power hour, cheers