 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 Gup is 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 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 Keep your pockets thick if that market gap's up Look for Uncle Rick Small gap down means it's time for a duck Good morning, everyone Welcome to today's Zero DTE live stream Today is Friday, March 15th A little sell-off in stocks here the last 30 minutes S&P down 21 NASDAQ down 80 Russell just barely read Dow down 100 Gold slightly red Silver's up Notes and bonds red Ten-year yield a little bit higher Oil down 1.5% Natty gas down 1% Grains a little bit mixed Euro and the pound flat Bitcoin down 2% Before the freeze, VIX was at 14.35 Which would slightly contracted But it looks like with this sell-off In the last 15 minutes That VIX is going to open positive Which means What I posted in my positions and updates Is going to be non-existent And what I will actually be trading this morning Is my re-entries and my challenge portfolio My one DTE iron condor And remember it's quad-witching So NDX is not going to have zero DTE options NDX and RUT If you notice there is no zero DTE today Goes straight to Monday So I won't be doing my NDX trade So that's my plan for this morning Maybe some JSP's as well It's right on the borderline Opening Bell here in a little over a minute VIX was down almost 2% earlier this morning Before this sell-off So it looked like it was going to be a RIC day But Now S&P's down 31 I did hit some nice futures already Pre-market too I'm already up About 2600 in the NASDAQ I'm short Gold I'm up about 560 And then oil Close some out And then the I got back in and that's down It's a little bit red on that one I don't know if something else came out But the only scheduled news Pre-market Which was an hour ago Was Empire State Manufacturing Index It looks like 815 There is industrial production There's the opening bell Expected move in NDX About 23 26.3 6.3 It's the upper expected move Around 4150 The lower around 5097 Yeah that always happens on Quad witching can Ret and NDX don't have Friday options They got the They had the AM expirations But the next one available is Monday So no NDX trade for me Obviously Because it doesn't exist Vix up 2% So my re-entries should be firing 1DTE should be firing Why are they not coming in yet? Anybody else having No bots fire when they should be? When I've seen this before He said it's kind of a lag from the TD API Yeah my bot activity says Trade opening attempt will continue but Nothing's firing yet The downside of bots is the API If something's delayed in that Can have an effect Manually enter some JSP's Alright so manually entered the 5125 But not working for me yet It's too bad See if I manually launch I don't know if I manually launch If it'll double up If it keeps trying to fire Or if it won't let me do it Because it's trying to already fire it Yeah wouldn't even let me manually fire So what I might do here So I manually entered my 1DTE See if my bots can manually enter my re-entries It's like VIX is still expanding So if you're in You guys see any theta decay yet? That would assume not Yeah I can't even I've tried to manually launch several bots now Nothing's kicking in still They're probably all gonna start flooding in Here as soon as it updates Okay here comes something A 3-2 re-entry just entered Still no 1-1 It's weird 1 came through Alright I manually entered my 1-1 Got filled at 1110 So it's 775 Sorry guys just give me a minute here I'll kind of recap what I'm doing Sometimes when technology works It doesn't work you just gotta improvise SPX kind of chopping around Alright so here's what I'm in I am in the On my challenge portfolio I'm in my 1-1 And that's on the 5110 puts 5150 calls And then my 3-2 Which did fire with the bot Is on the 5090 puts 5155 calls My 1DTE Which is actually on the Monday option So 3DTE Shorts are the 5080 puts 5165 calls And I also manually entered some JSP's The 5125 puts Market coming down a little bit NASDAQ really coming down NASDAQ down a full percent I just closed out my futures Booked 3700 on that trade That was nice So let's see trade steward is now saying Still acting like it's trying to enter stuff But not coming through Looks like in the uh looks like Jordan mentioned it's all resolved My window is Yeah my window is past now So that's why it's not trying to enter those so Alright Well I got on what I needed to get on Just in a little bit of a roundabout way Yeah sometimes you gotta go old school Dave This is a perfect example too Of why you don't create bots on strategies That you don't understand how to trade If you just copied somebody's bot And didn't really know what the hell you were doing You would just be out of luck But because I've traded the strategy many times before automating it Bot didn't fire Simply very easily You can go in and get your orders placed VIX trying to get up to 15 again boys and girls There's a little shakiness Little uh little markets a little on edge Last couple days Breaking through yesterday's lows Nasdaq blew through yesterday's lows My jsp's need a bounce My other stuff just needs to stay put Let's see so on these scheduled news events We had that empire state manufacturing pre-market As well as industrial production and then Here in about 10 minutes we have University of Michigan consumer sentiment So we'll hang out here for another 15 minutes or so see if that by chance has any impact Kind of feels like any news is going to push this market down We'll see Or maybe the news will push us back to all them highs See what the sectors are doing Oils up regional banks are up Energy up retail up Biotech up Gold down financials down Consumer staples down Semiconductors down 1% Tech XLK down one and a half percent Got some junky stocks in the green Big on the red side adobe down 13% After earnings Ulta down 6% after earnings SMCI down three Yeah semiconductors getting hit TSM down 2.6 Microsoft down one and a half Amazon down one and a half Tesla slightly green SPX still hasn't broken out of its first five minute bar range At about a 15 point range on that first bar VIX back down under 15 I guess it never popped above Looked like it was going to Well we got ourselves a little IV pump at least $4 strikes are still 50 plus wide It was a good day to have the bots delayed at least because IV stayed pumped We didn't have one of those days where we got a quick implied volatility contraction And that wouldn't have been good Checking out some other positions here My March 22 time fly Looks like it's up Might be up close to 5% Kind of jumping around I don't like to close those in the morning Too many legs Let things settle in a little bit And then my March 28 Is definitely over 5% We'll be booking that one today most likely We get some continuation down Maybe it'll get 10% out of that one Just thinking about opening another duck If we got some follow through today But I'm going to give it some time See if this actually has some more legs to the downside Don't necessarily feel good about my JSP's I'm feeling a little bearish here Still got a lot of room as far as because it's a pretty wide stop but Those are painful when you get stopped out of So hopefully we get a bounce And then we roll over Yeah, two minutes until consumer sentiment See if that moves anything Yeah, a kneel but my manual I couldn't even manually launch bots this morning So I had to go old school You could sell call verticals if you're bearish But if you buy If you if you if the market goes down Buying puts is going to pay more Because you get the direction And you get the volatility on your favor But you also have theta decay when you buy puts Or just with the verticals Depending on where price is in your structure You're going to have positive theta So it's not a right or wrong way to do it It's just what what you're what you prefer What you're trying to accomplish And what you know based on your assumption If price price kind of grinds down Or chops sideways Then the vertical is going to be the better answer But We get a huge flush you're better off buying puts So it depends on what your what your assumption is Yeah, that's a possibility Eli I've had that happen before but You know, I was getting close to when I finally Manually entered mine I was getting close to my bot window being over So You know, I have a bot window that'll start opening it one time And then it'll stop Like four or five minutes is my window And so that window is passing And so that's why I went ahead and jumped in manually You could, you know, if you have that You can also just disable the bot If it hasn't entered and then you can enter manually So there's definitely ways around that SPX creeping down towards lows of day Checking out what a 3DTE NDX trade would look like Since we've got this little ball pump Let's see what I can get filled on here Doing a little test trade and NDX on the 3DTE All right, got in a little NDX trade I'll let that ride So the end of the day, it's a 3DTE Max profit 920, max loss 1080 It's not going to get to max profit today though But see if I can't book 30 or 40% maybe Three twos up about 15% so far To that drop now it's about 8% My 1 to 1 down a little bit All right, I'll go ahead and sign off here We will be back for power hour I will probably be doing some discretionary Re-entries outside of my challenge account as well We can, it looks like there's going to be some consolidation at some point All right, I'll have a good day See you in power hour