 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 decay. Get your day planned out to be at your best, and you gotta make sure you got the right back test. Like this sleep away, make sure you're away, raise your condos. Good morning, everyone. Happy Tuesday. Today is November 28th. Welcome to today's zero DTE live stream. Got the S&P down seven. NASDAQ down 35. Russell working on Unchanged. Dow just went slightly green. Gold and silver a little bit green. Notes and bonds a little bit red. Ten year yield up a quarter percent. Oil up one percent and add a gas down two percent. Soybeans, wheat, and corn all slightly green. Euro and the pound slightly green. Bitcoin up two percent. VIX up about one and a half percent. So for me today, I'll be doing my AM ratio. I'll be doing JSPs if we push above the open. Gotta close out my one three DTE double calendar from yesterday. I'll be doing my reentry iron condors today as well. DKS a little bit later this morning. Quiet lunch potentially. PM iron condor potentially. So that is the plan for today. Got about three minutes till the market opens. We will most likely make this a fairly short live stream. Get on my first couple trades. Any questions, topics or anything, anything you all want to discuss, I'm happy to. Otherwise, I'm going to make it a short stream, get off, and kind of continue with my planning for my December plan. Getting that put together. Before the freeze, it looked like my one three DTE was pretty flat. Maybe it might be all the book a tiny profit on that one. We've got a five seven where the back test is pretty similar closing out end of day today or tomorrow. So towards the end of the day, I'll decide if I want to close out my five seven today or give it some more time. Yeah, I've got the early one. Oh, actually today. Yeah, you're right. Both of them are at the same time. Yeah, they're both 1050. So yeah, good point. I meant to have a note about that. I need to go to trade steward and pick which one. Let's see here. One uses a $3 credit. One uses a $4 credit, $4 credit has a 26 stop. Yeah, so I'll turn off my the one that's every day except Thursday and I'll do my normal Tuesday one is what I'll do. I'll adjust my bots here in a minute. All right, market is open. So my Tuesday AM ratio is the early exit version. So it'll only be in that for about 20, 29 minutes. It'll start trying to enter here in about 30 seconds. Should be the 55 calls and the 40 puts 15 wide for AM ratio. We've had power hours wider than this, my friends. It's still a little bit below 13. All right, it's coming in at the 55s and 35s. So 20 wide. It's canceling and replacing filled at 1645. That's on the 55s and 35s. Now we've got to push above the open for my JSP's to trigger. So we've got to get above probably like 45, 48 here in the next 12 minutes or so for my JSP's to trigger. Otherwise they will not be traded today. Oh yeah, so I already did. Kurish going back to your comment about the quiet lunch. So I will yeah, I set my other one up to so it didn't overlap on Tuesday. So yeah, I'm doing the one with the collecting the $3 credit. I'm not going to, I'm not going to share my bots yet until I get them all worked through. I just, I'm not comfortable. I got a, I want to work through them. So I'm not sharing something that's not correct. So expected move to start the day is currently a little over 15. Yeah, I curse you had 15, 50. So we opened up today at 45, 50. All right. So here comes my re-entry trade coming in. So I just set it up to come in about five minutes after the bell. So there's, there's always going to be some correlation with my AM ratio, but that's okay. I'm fine with the size. I'm doing those re-entries pretty small. Just a couple, couple, couple lots, two lots of the three, two. So that one got filled at the 50 strike on the calls and the 35 on the puts. I got price pushing up. So if we push up two or three points here, JSP's will trigger. Yeah, Chris, it's just like any other bot where you have, oh, for the JSP's? No, there's only one profit target. It's only one bot. Yeah, for the re-entry it's two. Anytime you have multiple profit targets, you're going to have multiple bots. Yeah, white tiger. So the re-entry is something I talked a little bit about on power hour yesterday. It's not, it's something that I'll be talking about in my December trade plan, which I'll share here in a couple, within the next couple of days. It's basically just putting on a trade and if it gets stopped or hits the profit target, then you immediately re-enter. So it's just kind of, you know, as price moves around, you're kind of playing ping-pong around with price. I'll share some more details about that. So SPX coming back down. So at this point it doesn't look like the JSP's are going to trigger. Yeah, I'll be sharing all my bots for you trade steward users. I'm just, I just want to make sure that I'm working through some of the nuances before I do so. And I got to exit my one three. Looks like I can get out for a tiny profit right now. Filled at 1160. Let me post that. So got in at 1155 out of 1160. Five cent winner. Yeah, we do have some, a bundle of Fed speakers today. Looks like 30 minutes after the bell. We've got Ghoulsby, then Waller, then Bowman, then Barr, and then Barr again later this afternoon. Tomorrow pre-market preliminary GDP. And then November, Thursday, all day, there's an OPEC meeting. And then pre-market core PCE and unemployment data. Friday, 30 minutes after the market, we've got ISM manufacturing in at 10 a.m. J. Powell speaking. Due to participate in a fireside chat titled, Navigating Pathways to Economic Mobility at Spelman College in Atlanta. Nothing like a good fireside chat with Powell. I mean, it doesn't get any better than that. Love a good fireside chat with Powell. Yeah, fireside is at 10 a.m. Central. Do I think Powell's good at his job? I do. I actually do. I make fun of him a lot, but I actually think he's, I mean, compared to Bernanke and what was her, what was the female's name? Yellen. Compared to those two, I think he's great. He's just, he's, you know, the thing that I like about it is just he's so like forthcoming in what they're going to do. There's, you know, I just remember with Yellen and Bernanke, there were so many surprises. Whereas he's, he, at least he, you know, it appears to me like he really tries to let you know, like, hey, here's what we're going to be doing. Even if the market doesn't listen sometimes, like rates higher for longer. I mean, he was, he didn't, he didn't, there was no, there's no surprise. I mean, he, he said that's what was going to happen. So I think he's, I think he's been a lot more transparent and forthcoming than previous JPS like Steve. I mean, that's a tough job to you, you know, I mean, I don't know. I think he, I think he does as good as anybody could now that argument of whether we should have a central bank that acts in the ways that they do in general, that's a different argument. But all right. So it looks like no JSP's never pushed above the open enough for that to trigger. Got about a minute. So it doesn't look like that's going to happen. All right. So I was going to mark my expected move for the day. So we opened at 45 and a half. So 30 and a half to the downside, 60 and a half to the upside. Yep. Be more trader. If it's in my trade plan, it's on. So I've put on a, my Tuesday AM ratio trade, which on Tuesdays is an early exit one. So I'll be closing that out here in less than 15 minutes. And then the JSP's did not trigger. So not in that. And then I did put, which will be probably part of my December plan. I did a reentry trade, which is basically just a three, two AM ratio that I'm putting on every day. If it gets stopped or profit target hit, reenter. So just those two trades so far. Plan to do a quiet lunch. If things stay quiet, plan to do a PM iron condor if it qualifies. All those can be found in my trade plan for November. I'm going to stay on here until we exit our AM ratio trade. So here, another 15 minutes or so. So for the Tuesday AM ratio, I've got a profit target at 30%, but that usually doesn't quite get there by the time that one closes out. So whatever the profit or loss is at that point, it's just a close. Yeah, we kind of crashed up in November, tomorrow. Then like a good crash up. VIX crashed down. That was a pretty epic collapse from 23 to 12 in less than a month. Look at the volatility of the VIX creeping up though. Yeah, White Tiger, I can do that. I mean, the bottom line is all the strategies I trade for zero DTE are backed up by a back test. I'm assuming you have option omega. It's absolutely critical if you're trading zero DTE, but so all the criteria of the strategy is laid out on the back test. But what's specifically in addition? So I'm not going to go through each individual strategy and just kind of go over the back test, but what kind of specific basics or newbie language, like you said, what are you looking for exactly? Yeah, I'll definitely explain why I'm doing things differently in December if there's any change. Yeah, any entry condition is also on the back test. I mean, I'll give you an example right now. So for example, my JSP's just sell puts. So let me update this here. So the way that this works, just so you kind of, so all the entry conditions are obviously right here and I'm not sure how much, so if this is too basic for you, I apologize, but I just want to make sure you understand all the entry conditions of the strategy are laid out right here on the back test. So for example, for JSP's, this is something that I open within the first 15 minutes after the market opens, right? 932 is the earliest time that you can put in option omega up to 945 a.m. This is every day of the week, Monday, Tuesday, Wednesday, Thursday, Friday, use exact DTE. That means we're just using zero DTE, use exact strike offsets. So I'm looking at the 45 delta and buying and put 80 points below that using four contracts. So if I say 100% of portfolio, that just means that I'm going to be limiting my size based on the number of contracts. So that would be here for so then the criteria I'm looking for at the open is I want SPX to gap down a minimum of 0.1% but a max of 0.5. So basically we're looking for a small gap down, right? Which is which is what happened today, right? We gap down 0.11%. So that's between 0.1 and 0.5, right? So that criteria fit. But then what I want is I want to move up of a minimum of 0.05%. So it's basically a gap down, but I want price to push above the open for it to get in. So that didn't happen, right? We opened and we just been kind of chopping below the open. And the reason that filter is there is just because in fact Dan B in the community here is one that kind of help with that filter. It filters out some of those, a lot of those trades were prices gaps down and continues to run lower. So we want a little gap down, but we want price to kind of push above the open a little bit before that triggers. So that's that's the entry conditions right there. And then in this case, I start with a 200% stop loss profit target of 50%. If we get to a 20% profit target, I'm not closing any out, but I'm going to reduce my stop from 200 to 100. So that's that's how the criteria is kind of laid out for these. And so it's really just a matter of looking at the back test. So that's why I say I'm not, you know, every monthly update, I'm not going to go through and you know, go through every exit and entry criteria, but it's all, it's all right here for you. Now we do have some strategies that have more in depth courses, like the reverse iron condor, there's one on the morning entry, I've got the one on power hour, you know, that warrant a little bit more in depth, but some of these, there's not really a need for a course. It's just, it's all kind of laid out here. Yep, exactly. Davis. Yep. Yeah. You know, and this kind of came about based on the zero DTE duck that I was trading that Aten raw had come up with. And then he started talking about a ratio duck and I started looking at it. I was like, man, that that's almost just like a vertical spread. So you know, so I started testing around this and it's like, man, that's pretty simple. You get a small gap down. You know, a lot of times price just makes a move higher is what it, is what it came down to. Now you could see here of the recent, you know, we've had some, had some losses here. It wasn't as, wasn't as great as it had been, but still, still very valid. Yeah. You know, so like selling premium, if you do some testing around like AM iron condors, what you're going to find is that they just perform better if volatility doesn't make a big overnight contraction. You know, so you'll see a lot of tests with a VIX filter, VIX overnight filter of 0.25% or better, meaning we don't want VIX to be down more than 0.25% at the open. If it is, you know, volatility is already contracted selling premium in the morning, it just, it doesn't work as well. And so that's why you'll see some back tests that have, that have that filter on it. You know, and then with like the reverse iron condor, you know, we want volatility to have already contracted. So that has a, we want a minimum VIX contraction of at least a quarter of a percent overnight to put that one on. And so when you're, when you start doing that testing, you'll start to understand, you know, those are just, those filters are there because that's how it performs best when those environments are met. My blackout dates are just FOMC. Yeah, be more trader that 0.05%. That was just, I was looking for a minimal move above the open. So anytime you do like a move up or a move down, that's based on from where price opens. And so, I mean, you could look at 0.02% or 0.07%. I mean, I don't, I try not to get that granular with my back tests just because I don't want to, I just want to have a pretty, you know, just a, just a basis for the strategy. Yeah, White Tiger, if you look at the, let's see, I think it's in the zero DTE course. Yeah, it's the, when you just click on the zero DTE course, it's right above the power hour course. You'll see a little loom overview. And that was a, one of our members, Austin Rah put those together so you can get the shared links from toss that are right there as well. And my AM ratio is about to close out. It is currently up 10%. As you can see here, 9%. So that is set to close at 8.59 my time. So it'll start trying to close that here in about a minute. We can get a tiny bounce, get a little bit more profit in there before we exit. My re-entries are also up a little bit. Yeah, LaSosa, it's just a matter of, they don't, they just don't test as well. They just have not performed as well on Tuesdays. Now that's one of those things where it's kind of like, for me, it's, is that really a Tuesday thing or is that over-optimized? And all right, so my AM ratio Tuesday just closed out. See what the final tally is here. It always goes red for a second till updates. All right, so book 12.2% plus 800 bucks on the AM ratio. So I'm out of that. So I'm still in my re-entry here. Yeah, so LaSosa, what I was saying is, you know, I'm kind of, I go back and forth on where the day of the week strategy like that is really valid or if it's, you know, just kind of overfitted. But I talked about, I don't know if you were on the power hour stream yesterday, I talked a little bit about this where, you know, I'm going to continue to do both. You know, if I, if I have confidence in a back test or strategy in general, you know, I'm going to, I'm going to continue to trade it, you know, based on the back test. But I also am doing things like the re-entry now where, where, you know, I'm just going in every day, rinsing, repeating, rinsing, repeating. So it kind of plays on both of those, both sides of the logic of those fences. So I did my AM ratio, did my 1-3. I'll be getting in a DKS here in about 24 minutes. Quiet lunch a little bit later, but I'm going to go ahead and jump off here, my friends. We will be back for power hour live at 1.50 PM central. Everyone have a fantastic day. We'll chat with you soon. Take care.