 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 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 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 dump Good morning, everyone Happy Wednesday, January 10th Welcome to today's Zero DTE livestream S&Ps, markets pretty flat S&P just slightly green NASDAQ slightly green Russell slightly red Dow slightly green Gold slightly green Silver barely red Notes and bonds up A tiny bit Ten-year yield down 0.67 Oil up 1% Natty gas down 4 All the grains down about a quarter to a half percent Euro and the pound Slightly green and Bitcoin down about 3.5% VIX at 12.87 At the freeze Looks like it'll be a little bit of an expansion in VIX into the open Although ES was a little bit red about 10 minutes ago, so we'll see I've got my AM Iron Condor on Wednesday that I'll be entering and then assuming VIX doesn't contract effort after the open And then I've got to close a 1, 2, a 2, 4 My 2, 3 And that's it And then the only couple of little things on the economic scheduled data front here is at noon central, the 10-year bond auction And then at 2.15 central FOMC member Williams is speaking For those of you trading crude oil inventories at 9.30 AM That has been pretty sideways here for the last month or so Scanning through the futures See if there's anything that I want to take on a futures trade I did take a short Bitcoin last night See if there's any follow-through on that down move after the Was it a false report that the ETF was approved? Or did it actually get approved? I haven't looked There is the opening bell Expected move for the day A little over 17.3 So that puts our upside expected move at around 47 A little over 47.77 To the downside, 47.42 and a half-ish And my AM iron condor should start firing As well as my 1DTE iron condor Nothing is firing yet Well, why is it not firing? Did VIX end up contracting? VIX ended up gapping down a little bit So they didn't qualify Well, here comes something Let's see what trade steward says qualified My Wednesday 70-minute trade just got filled So that's on the 75 calls and the 55 puts That's filled at $20.75 All right, so maybe that's it Opt for dollar, what do you mean? What is the base amount for expected move? I'm not sure I understand your question Yeah, so I'll look at... I'll do a RIC a little bit later in the morning I will consider doing a RIC In fact, let's just see here See what old RIC is trading at I'm trading at about $12.30 I've got the Wednesday AM 70-minute I got the 70 minutes So let's see, my Wednesday, Thursday, Friday Why would that not have triggered? I mean, VIX did gap down more than 0.25% So that filter, I haven't checked the bot activity yet But let me see on my 70-minute Does it not have the same filter? Oh, that's why, yeah Okay, that makes sense Yeah, so my regular AM Wednesday didn't qualify But the 70-minute does Because it can gap... The VIX can gap down up to 4% on that one And it's still be valid SPX pushing up 12 NASDAQ up 40 Dan B, mine fired on the one that qualified With Trade Steward Yep, I'm closing my calendars Got to close my 1-2, my 2-4 I'll do my 1-2 first It's up about 5% or 6% Let me get filled at 12.15 Filled All right, closed my 1-2 Looks like my 2-4 is going to be about a scratch All right, so posted my 1-2 and my 2-4 I've also got a 2-3 I think that one's a little... Oh, no, that one's gonna... That one snuck out a little profit After being a little underwater yesterday I'm just coming back in action Three winners this morning One scratch, two winners And then I've got a 3-4 That I'll take off tomorrow That one is Pushing it's up above the call Let's see, what's my... What is my exit criteria on that one? Yeah, 20 points past the strike So it's almost in exit territory 20 points past the strike would be my exit It's basically there, getting there 47-70 would be 20 points above So I'll give that one a little time I've got a 5-7 that is down That one will come off today as well I'll give that one till the end of the day So Dave S and Dan B, your AM iron condors did not fire in trade steward What is it? What does the bot activity say? Does it say it was outside? That says inside Let's see Dave So how much time do you guys give your bots to fire? Because I had one issue, I think it was last week No, not that If you set your bot to start firing at 8.31 or 9.31 Then how long do you give it? Like 2 minutes? 3 minutes? Because what would happen? Okay, 5 minutes? What happened to me on one morning last week was There was some delay from the TD Ameritrade data feed And so I only had like a 2-minute window And then it was fixed But my 2-minute window was up so it didn't fire So I give all my bots like 4 or 5 minutes now Yeah, mine was set at 9.31 AM You know the other thing that you can do If it doesn't fire Obviously as you can use the little launch now button Just to get it in But I would I would definitely submit a ticket to Trade Steward See I'm just telling you what happened to me the other day I don't know if that would be the issue today or not Yeah, ideally I would only want it to have like a Minute and a half window like that. That's what I had it that before Especially for the AM ones, you know that a couple of minutes 2-3-4 minutes makes a big difference But there's always some snags with technology from time to time Yeah, and that's what happened to me Wuga. That's exactly what it did for me It said bot was inside parameters And then it just kind of Trade opening attempt will continue And then it just went blank The bot activity fell off a cliff Looks like you can get in at a little better price than I did Pumped a little bit of Theta into this thing Even though spx is moving up My five by the way my five seven is In exit tour exit territory as far as away from the call strike But I'm just gonna I'm gonna give it the morning here SPX popped up to 47 70 Forgot to include one of my iron ducks in my morning update Let me fix that real quick I am not in the one day because it didn't qualify because vix gap down Point three nine percent I was kind of thinking about skipping it anyway because um Because of cpi tomorrow So those are the one day options And I I I'm assuming those will kind of Stay bid in fact I'm gonna go ahead and Set up a theoretical position just to watch it. I meant to do that So let's see my one DTE I don't know what it was trading at at the open, but it's trading at about 1305 now. Did you see what it was trading at at the open? Tomorrow I just want to I just want to watch it to see what kind of decay you get you know when the uh When the expiration is on a day like cpi Okay I'll just I'll just hold this one just to watch it throughout the day Got our short premium in the euro still centered up a couple hundred Got our hedgehog and es still profitable Need a little push up in gold We get a little nice little bounce in gold. We'll be able to book profits in that one MES Closer rolling up puts again, but not yet Natty gas A little bit of a pullback after a big push higher yesterday qq q We're up about 25 on the qqq one SPX a little pullback down to 47 63 Really, they won't even What do you mean excuse like you can't How do how do you select strikes then? You I believe you can select strikes based on premium, okay? Oh meaning you like if you buy a three dollar put you have to buy a three dollar call geez That's no bueno that seems crazy I do know a lot of people who use tat definitely choose them based on a premium amount, but I didn't even think about They wouldn't allow you to do a different amount on each side SPX coming back about a couple points above the open now okay, so So cosmo if you can do So for an iron condor though, can you do different deltas on each side? No apparently not You're doing zero dte manually. Okay interesting Yeah, that's no that's not good Well, I will say that From what I understand tat is a one-man shop and it's his side gig Like he's got a full-time job Tat is just a little little side project Nasdaq and Russell are now red See what rick is trading at now About 12 bucks So it didn't qualify Based on the vix print danby So krish if you go into your view bot activity Are you looking at my screen view bot activity and then Click here to see all activity for this bot You'll see it in in here. So Um go to the open opening quote 760 60 Yeah, so just go into your bots activity and then go to See all activity up there Make sure you click that show all activity at the top above your Above the trade log My spx came back about to where we opened Now a couple points above it my 70 minute trade is Currently down about six percent need a little decay And or a little bounce All right my friends i'm going to jump off here I enjoyed spending my first 30 minutes of the market open with you We will be back for power hour And hopefully we can uh squeak out another green day All right. I'll take care. Have a good day