 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 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 got to make sure you got the right back test like this sleep away Make sure you're awake because we don't have time for fat think of mistakes and ratio condos will pay the bills But you gotta be quick to get those bills morning. Good morning. Good morning. It's time to rise and shine Welcome to today's zero DTE live stream Friday, February 23rd Got the S&P up 17 NASDAQ up 61 Russell pretty much unchanged Dow up 104 Gold slightly green silver slightly red notes bonds yields flat Oil down 2% Natty gas down almost six Soybeans down a half percent wheat and corn a little bit higher euro and the pound a little bit higher Bitcoin down a little over One and a half percent Vicks getting crushed back down to 14. I Did take a for those of you that were on the power hour stream. I took a square Earnings brokering butterfly and that one is Sitting right at the pin Right at the tip of my butterfly 80 so that's right there when we open depending on where the profit is. We'll see what I Don't think 1200 bucks. I don't think that's correct. I don't think it's gonna be that high out of the gate bullish, I think that's right I'm not sure you would want to ask those guys Good morning, everyone. I'm gonna try to if that is the case. I remember actually I think you're right about that because I I talked about Working it so that our people got a continued discount But let me I'm gonna make a note of that. I Haven't I never followed up on that Chad, how's your little break yesterday? Are you refreshed and ready to go? I am Good was a good little break. I had some errands to run that I hadn't hadn't done the last few days And I just kind of shut it down midday and went and did them Chad. I think your mic just went out It sounded like you're talking in In the middle of saying something anyway, how do I sound now loud and clear? Yep All right All right, so I posted earlier. I'm gonna be doing a early Rick and a late Rick So I'll do a Rick out of the gate and then I'll do one a little bit later as well so just half position size on each one and then on a discretionary basis, I'll I'll be doing some re-entry iron condors throughout the day I did take a long in the Russell futures this morning and then I took a long bond position this morning Both of those are pretty much Right where I got in there is the bell. I put on a long or a short put vertical Right when the bell rang yesterday in Nvidia. It's up a cool 70% Nice So expected move for SPX for the day to the downside about 5080 to the upside about 5122 over 20 points the expected move My Rick should start firing as we speak. Oh, that was my NDX trade. All right. Here comes Rick 5105s 5125s on the call side and then the 5095 5060 on the put side One contract now. Why did it only do one contract? You just get filled on one Yeah, but it's acting like it's done should have done three. Oh, I know I See what I might have done. All right, I'm gonna what did I get filled that I got filled at 1210 Wow, it's already at 1270 Big's pushing up a little bit Yeah, I'll just hold this for now. I may I may add to it here in a minute. I gotta check my bot Yeah bullish. I'll check on that. I remember them being open to making sure that discount stays But we never solidified anything so I'll check chat. Are you rickin it today? No, I think so You got something against I also may just I may be light today. I'm just gonna kind of see how prices Prices moving so For my futures trades this morning. So if you look at bonds, I'm looking at the daily chart You know, we had that pushed down and then bounce yesterday and then today. We just kind of retraced Previous day a little bit and pushed up towards the high of yesterday. So that's why I'm getting long looking for a continuation higher and then on the Russell Kind of the same thing just kind of pushed down and retrace yesterday and pushed up to the top So looking for a potential continuation higher there So those are my two futures positions this morning my NDX trade. Let's see discount Are you on the NDX trade with me? 17980 looks like I got the 971 60 971 50 are my shorts. So let's see the expected move for NDX 13 yeah, so see this covers Basically the expected move for the day just a little under No, but it's the NDX trade is gonna go into my trade plan for March Which I if I have time I'm gonna I'm gonna get that out today in the trade plans channel But it's not You try to back test it. Well, first of all, you can't back test NDX But even back testing and the reason the whole reason I'm doing NDX is just to free up my SPX just gets too crowded But if you try to back test it in option Omega It does not it does not perform well, but my my thesis is Price stays within the expected move for the day you win if it doesn't you lose So that should happen about 68 70% of the time And based on the math, you know like today my max profits 900 max loss is 1,100 So if you do the math on doing 100 trades and of course there's gonna be some times where it you get a partial profit or partial loss If you do the math on let's say 100 trades just based on probabilities it Should have a positive expectancy. I'm just I'm doing it tiny You know, I'm doing two contracts here on NDX But And I don't I'll show you my I'll show you my Performance so far so here's so I've done it one two three four five six seven eight nine ten eleven twelve thirteen fourteen fifteen and Actually, it's not 15 days. You'll see here like So on the seventh and that's when I was doing SPX. I did it three times in one day I was trying to kind of layer in and then I closed one out when it got out of range and So those aren't really relevant to what I'm doing now and then this NDX one same thing I did three of those in one day If I would have just left the first one on it would have booked max profit So what I'm doing now is I'm just I'm literally just putting it on and letting it expire see they're gonna be a winner or loser So this isn't a it's not a very big data set and be there's a few days where I didn't really do what I'm doing now, but So far a little over 3700 just doing Small contracts this month 20. Yeah, it's just 25 Delta Ten wide super simple. All right. Let's see what my square position is doing here. It's over 1200 bucks Oh Yeah, it's like 875 that more in line which that's where I thought it would be I'm gonna see if I can get a thousand. I'm gonna wait So let's see it's trading at 388. I'm just gonna put an order in it for 50 That hits I'll close it Nvidia is up again, so I'm gonna end up beaking that booking that little hundred and twenty five dollar profit on that one which is still a 30% return my VXX trades up a little bit rut duck up a little bit corn premium Down a little bit need a little bounce and some volatility to come out of corn I've been watching wheat this morning, too You know had that big push-up and then flushed down Now and we bounced a little bit this morning. So if it starts to come down I'm gonna try to get short for a continuation lower No bullish a.m. Iron condor not qualified for me too much volatility contraction Check the bullish, I don't know if you know the in the positions Positions and updates channel You scroll up the left Every morning I post kind of my game plan including zero DTE and Then you've got and then my trade plan as well. So I got stopped out of my Russell futures Russell coming down even though The other guys are going up wrong index bonds are working I'm gonna add to my Rick if it gets back down to my original entry of 12 10 Close to rolling up puts in my MES strangle. See I got those puts at 33 only trading at 17 Get SPX moving up and Vicks moving up. Nope. No conditions every day Mirage Put it on let it expire Win or lose Well, my friends, we've got some new all-time highs for you today 51 11 so far. I heard somebody talking the other day that a business channel and video supposed to hit 900 by the end of the year You might hit 900 by the end of today alright Like I posted this morning You know, there's zero news today on the calendar and and and this is just kind of anecdotal but typically When there's no news scheduled or anticipated or anything Those are typically very good days for just choppy price action and selling selling premium But on the flip side, I got a big overnight Vicks contraction, which typically doesn't do as well So I I did the Rick out of the gate I'm doing other Rick a little bit later But I also want to sell some premium today We are getting a little Vicks pop at the open. So I'm just gonna try to pick my spot and Sell some premium at some point here I could definitely see this thing just kind of drifting higher and Trending up all day too though. So Basically what I'm saying is I don't know what's gonna happen Just like any other day Yes, the stock's moving down big movers today a Bunch of junk stocks are lower coin base down 3% Tesla down 1% AMD down one Apple down a little bit Netflix Slightly red biggest mover to the upside of course square after earnings Rocket up 7% and video at 4 I mean That's just That's that's what you call parabolic my friends Anyone says what does parabolic mean just show them a chart of NVIDIA Robinhood kind of finally breaking out of this little 8 to 12 dollar range that's been in for a couple years. So price coming back It's like I should get filled on some more ricks here at the same price another 10 cents or so Chad question from Alex for you Yeah, oh, yeah, I mean sometimes Easily when I'm leading the live stream, I'll try to get a couple in and then get out Isn't uh, he's it'll take a ton of those trades on Fridays, but so you sometimes Trade mighty 90 and runners when you don't like you used to only trade him during your live stream You do a little bit off on I don't I don't not not very often No, I still don't trade him very often when I'm not leading the live stream But that's not to say, you know Alex you you can't if you definitely if you have any questions Like I'm not trading them today just because I'm not leading the live stream for those But if you have any questions if you see a see a setup. Yeah, just shoot it in the discord Whoo got filled on square for fitty. It's a nice winner. I get filled that So I bought it for a buck o three and power hour yesterday and out for 450 today It have held out to see if it stays near the pin and maybe scratched out another A couple hundred bucks maybe but I'll take it so I so I just got short wheat on my futures Exactly what I was saying earlier You know, I had kind of retraced yesterday's big long wiki Candle and it's coming back down. So I'm looking for a continuation lower and my bond positions doing well Kind of the opposite came down and retraced yesterday and it started to push up So I got long and it's pushing up for me And then I put my stop at a place where I think if it gets to then my thesis was wrong So for example on bonds My stop at one seventeen point two eight, which would be about right there just above the highs of the day Where my stop is SPX back up to highs of day Vic started to contract a little bit and I get filled on my additional ricks For the bounce all of them on my watch list here Cody if you check the Positions and updates I post those every morning. I post a screenshot Those are all the ones that I would trade. Those are the most liquid All the ones you see here The indices gold silver notes bonds tenure yield oil natty the grains euro pound Bitcoin And almost all of them have micros too So like all the indices have micro contracts, which are one tenth the size gold and silver have micros notes and bonds Well notes is half the size of bonds pretty correlated tenure yield is even smaller than notes and it is inversely correlated for the most part There's a micro oil micro natty There are micro grains soybeans wheat and corn. They're not super liquid though There are micro pound and micro euro and those are really small And then there's the micro Bitcoin that's the stocks pushing down S&P just kind of rolled over a little bit Vix pop pop back up and Netflix really fallen AMD Netflix cracking lows All right, my friends. I'm gonna jump off here unless there's any other questions or or anything By the way, if you're new and this is your first time on Real quick. Let me do a quick housekeeping If you go to the zero DTE course channel scroll up a little bit, there's a new member checklist for zero DTE Definitely start there Within that same channel. There's the zero some of the zero DTE courses There's the zero DTE trade plan where I post my trade plan every month Which I'll be doing here maybe today for my plan for March if not by Monday and Then other folks including Chad is posted his trade plan here and then some of our other members So make sure you check those out NDX. Yeah, my NDX trade will be on my March plan. Yep. All right, all have a great day. See you in power hour Take care