 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 sleepy head For a new day and we can't miss out on that day Okay, get your day planned out to be at your best and you got to make sure you got to write back tests like this Sleep away make sure you're awake cuz we don't have time for fat think of mistakes and race your car. Good morning, everyone Happy Thursday January 4th Hope all as well S&P down five Nasdaq down 80 Russell down seven Dow slightly green Gold a little bit green silver a little bit red notes and bonds down tenure yield up 2% Back up to 3.98 Oil up a bit and add a gas up almost 6% Soybeans wheat and corn all a little bit red Euro and the pound slightly green and Bitcoin up a percent and a half and the VIX is on the green side Holding above 14. I will be doing a couple of trades at the open I'll be doing my Thursday AM iron condor I Will be doing my new I Believe Kelvin's Thursday 2 to 1 I will be closing out a 2 3 DTE double calendar from a couple days ago It's like I should book a 15% ish profit on that one and See what else do I got here? Potentially some JSP's a one-day iron condor later this morning. I'll do a DKS Potentially some reentry iron condors Then of course power hour Finish off the day Got an expected move. It looks like of that 19.4 For the day Good morning, Krish two minutes till the bell Looks like the $4 strikes are going to be 25 or 30 wide Morning Kelvin now my fresh cup of coffee brewed up ready to go feeling good. It's gonna be a good day My friends it is going to be a great day Great day for a Thursday. I mean Vix is above 14. What can you not like about that? It's better than the Vix at 12 Yeah, if we hold here uncle Rick will be back in action Not today Maybe tomorrow. Let's see today We did have unemployment Claims and ADP non-farm employment change pre-market not much movement off that Market is open My entries will start coming in here in about a minute my expected move adjusted 18.4. Yeah, it looks like we'll probably be 25 wide and I got filled on some JSP's 4,700 strike and I'm coming in for my am iron condor on the My two-to-one is on the yeah, I'm on the 15 and 85s 15s and 85s So 30 wide So one of them is my normal three to two Thursday and one to two to one. I'm just position sizing those to do both Also got filled on my one day one DTE iron condor So that came in on the 75s and 30s 46 75 47 30 First two of those this week both were winners Let's make it three for three SPX pushing a little bit up back to unchanged. Oh, I'm already able to adjust my JSP stop My overnight iron condor from yesterday is up a little bit that'll close out here and Little bit later this morning. So I've got my three to Am ratio. I've got my two to one Am I see I've got my one DTE. I've got my JSP's I've got my overnight iron condor from yesterday See we see if we push into green territory. We came up to yesterday's close kind of stalling out here JSP's need a little bit more push got to over 20% so I reduced my stop that two to one You got in for 13 30 Mine's it. I got mine at 10 15 I'm on the let's see you're on the 15s and 90s. I'm on the 15s and 85s. Okay That would be the difference. So my two ones up a tiny bit They're still pretty flat JSP's up about 20 20% SPX pushing into slightly green territory So let's see my my overnight is the 95 45s No, that's not it 95 puts 45 calls Let's figure that out All right, JSP's are pumping and a little little more pump Little pump to get out of JSP's and then settle in need to move about to 47 10 would do it five point move. It's trying It's trying to move up VIX back down to 14.03 still about 14 Other in other news Still got this time fly that expires tomorrow. I was hoping we were gonna get out of this little droop yesterday On the down move, but then it bounced back up. So I'm gonna close that at some point today If we continue pushing up, it's gonna go a little bit deeper in the valley, but I'll give it the morning See if by chance we get a little red today Got two ES hedgehogs. This one is up a Few hundred bucks Then this one I'm gonna be taking off Tomorrow, it's or I'll take it off tomorrow or Monday tomorrow would be seven DTE And that one's down a little bit down about 180 Natty gas with this big move up We're still we're still in the green. I am gonna roll up my puts today See we got in those at point oh four three And they're trading at point oh oh eight. So Well above 50% of max pop profit on the put side. So we'll be rolling our puts up today Don't mind just do that right now. I'm up to the the two puts And I just posted that roll up in Natty gas for those of you playing that one SPX on the third five-minute bar getting a little little red pullback ASPs up 30% and a little a little more push-up up to 47 10 Take a look at some of the other markets here Your yield got down to a low about three point seven eight three all the way back up to three point nine eight six today Bitcoin look like it was going to the moon two days ago. Give it all back yesterday Up a tiny bit today The move up down indicator Are you talking about Austin Ross the gap move? Yeah, that's in the course channel Trading naked the IV indicators you have there which course is this setup? So the IV indicators, I mean, it's just to give you a measure of where implied volatility is compared to where it's been I have it set up for 21 days and 250 days 250 252 days to give you give me an idea of the annual and the and then the monthly But yeah, I'll use that for strangles Selling premium in general, you know, just if it's going up that day, I'm looking at You know, that means Ivy's expanding in that symbol Obviously if you're looking at SPX, you can just look at VIX to do the same thing, but you're looking at say Apple It'll give you the yeah, I can tell if it's implied volatility is high relative to where it's been or if it's expanding versus contracting And that can be found in the FAQ resource channel Up at the top of discord. Oh the expected move. I think that was white tiger Who created that? Let's see. Did I put that in the course channel? Oh, there you go. MRP beat me to it Thanks, MRP. I'm actually gonna take it off of this one All right, this PX opened it Hit a low of 4696 up at 4706 Trailing down my AM ratio a little bit filling down the stop that is Get a little bit of decay here. This is a combination of my 3 2 and my 2 to 1 So, let's see. No other real news coming out today tomorrow before the market We've got 80p or excuse me average hourly earnings non-farm employment and unemployment rate and Then 30 minutes after the market opens ISM services PMI and Then we've got the good old Fed speaker At 1230 central. So by the way, if you're new here Obviously, we've got a down a lot of downtime. What's kind of get into my positions. So if you have questions Or things that we can help you with filling the gaps This is what this at time is meant for and if nobody has any questions, we'll just make fun of crucial morning So it's your choice morning bumblebee and the hell you want to go for the make fun of crucial morning Morning down overnight snow in Cleveland. Okay Bumblebee wants to talk about the weather It's a start dad does not want to pick on Krish Krish. You got it. You got somebody standing up for you Finally, Krish must they get pulled into a meeting Let's talk about him behind his back. No, there he is. He's back Now are you a Krish fanboy? I'm a Krish fanboy All right, so a little choppiness this morning, which is always good for zero DTE. Oh You know what? I forgot to take off my two three. I Neither was something else. I have it written down right here in front of me. I gotta close my two three double calendar Which is up about 22% I'm sitting here trying to make Krish jokes and I got I got things to do and And I'm not filled yet. I get filled at 1020 Build at 1020 on that. There you go. Just posted my two three in the calendar channel. I will be ramping back up my calendars for next week starting with tomorrow's Entries. Oh good, and you know, I don't know that we did anything. We I know we worked on that We deleted it replaced it tried to redo all the automation Still doing it and so the options selling channels just got a little mind of its own But it's good to know Meanwhile, the JSP is up 38% One more little push higher that will Close out at 50% my three twos up 4% my two to ones up 11% my one DTE is it Slightly red my overnight iron condor we'll close out at Here in about 20 minutes It's currently have a couple percent It's PX just does not want to go above that 4708 level. I need 4710 4708 can we get a 4709 4709 can we get a 4710 478 35 4708 35 47 08 60 47 08 61 You guys think I'm a good auctioneer Better than a bond auction. We do have a four-week bill auction today. That shouldn't be anything. I like that two to one Kelvin Two to one on the Thursday It's up 13 and a half where my three to two is only up six Of course mark. It's gone up today. So that helps No, no quiet lunch today JSP is up to 42% We just need one more one point higher one and a half points higher That should hit close to 47 oh nine Oh, it wasn't you Kelvin. I'm giving you credit. It wasn't even you oh man I'm sticking with giving you credit Kelvin if you didn't if you weren't able to attend live Yesterday after the market closed Tim Weiss did his 2024 kind of trade plan presentation And that has been posted in the trade plans channel It's a trade that I added on my trade plan for Thursday's MRP You look at my sheet. It's there on the Thursday Well, now we're pulling back couldn't quite get to 47 10. Well, I'm hoping my I wanted to stay on here till we got out of something Just to give a little Profit farewell for the morning All right, let's see what else we got going on today on the sector front financials are the strongest Regional banks making a little bounce after Pretty big down day yesterday healthcare slightly green on The downside semiconductors taking some heat again on the individual stocks Amazons down 2% Baba is down one and a half percent squares down over one Pfizer down one Moderna down one Google down a half on the green side Nicola up 8% all the way back up to 80 cents. I Should just take that off my screen Peton up seven and a half back up to $5 and 80 cents Airbnb up a couple percent It looks like a lot of the banks are green Starbucks up 1% that's a point seven percent after a few red days and there she goes JSP's just got hit for 50 50 percent There she blows The two-to-one I do not trail Chris the my three-to-two I do which I think I asked yeah I accidentally did thank you. I did I did trail my Two-to-one a little bit. All right my friends. I'm gonna jump off here get some other stuff done Got out of the JSP's for 50% Still got on my one-day iron condor Got my Two-ratio AM iron condors. I've got my overnight iron condor Which is up about 5% which you'll close out here in about 12 minutes otherwise Everyone have a good rest of your day And we'll see you in power hour Cheers