 Good morning, everyone. Happy Wednesday, January 3rd, 2024. Once I have a good morning, Bunblebee, morning fast, morning Krish, and we got some more red coming in yesterday there for a while. I thought the markets were going to bounce, and then they did a little, and then they rolled back over in the afternoon and did have a little spike up at the end of the day. But it looks like our futures are below yesterday's low, already. So at least for the S&P, as well as the NASDAQ, Dow futures, not quite down to lows of yesterday. Morning disco. So I want to see what happens here today in terms of going continuously lower, bouncing up out of the gates. Kind of guessing for some more down that side action, but never know. I mean, the way things finished in November and December, you had to figure there was going to be some type of pullback at some point. Everything was hitting all-time highs in terms of the indices. Hopefully we'll have a little more opportunity today than we did yesterday. Yeah, it seems like, I don't even think there's a pullback. It doesn't happen. And when you don't think of what it does, it's like things are always the opposite of what you think are going to happen. Bell has rung. I had three winners yesterday. I had a four. My iron condors slash straddle zero DTE trades. Put one on in the morning while we were live streaming. Put one on after we got off. And then got stopped out, couldn't put one on and tried to put one on over the lunchtime. But premiums were so low, which was kind of surprising, that they're being down. But then put on a couple straddles and power outer that were both winners. Let's see. Dow opening down 127 Nasdaq down 111. That was down over 300 yesterday. S&P down 24. Some of our weaker stocks, NVIDIA down one and two thirds, Square down three and a half riots, blockchain down almost 10% and Coinbase down 6%. AMD down a little under 2%. PayPal down a little under 2%. And we down one and a half Walmart in the green. Amazon just went green. S&P futures pushed through lows of day or through pre-market lows. The Dow though firing up Nasdaq coming through pre-market lows down 133 now and falling. Vicks up 5%. Still interestingly enough, it's under 14. It had got above 14 pre-market yesterday. And then it just kind of came down most of the day yesterday, even though everything was weak. It's weird. Tesla falling and Tesla's had a rough go at it the last week or so. Look at the daily chart of Tesla here. And you can see here got up to about 265 and then his last four trading days, it's down about 25 points for a sharp drop. Vicks really spiking up now. Amazon pushing up. While some of these stocks are really pushing up, even though the Vicks is pushing up a lot of green here on my first page. So Nasdaq reversed and kind of see the push through pre-market lows and then popped right back up. So it's an interesting price movement today. Wow, NVIDIA really pushing up now. So Nasdaq down a half a percent and Dow is down a little under half a percent. S&P down a little under half a percent. See what kind of volume we're going to be getting here. Wondering if it's just going to all roll over here in the next 10 or 15 minutes. Not seeing a lot of good volume here at the moment. Volume's looking kind of light. Nasdaq now is reversed to come back down. So is S&P, Russell pushing lows of day. I mean, I just don't see how this market's going to keep from coming down based on the futures. Not seeing really any volume runners that I like. Yeah, there's a lot of different, different colored bars, that's for sure. So no volume runners out of the gates for me. All right, we'll wait for the morning iron condor, zero DTE. So we'll just wait for maybe a mighty 90 here. I've seen a lot of potential stair stepping down in volume. DKNG trying to go through highs of day, NVIDIA through highs, Netflix through highs, Netflix getting big bar here. What kind of looks like to keep an eye on that one. And Netflix should get there looking at it and toss. Not quite as big, but still looks like it's going to get there. It is the strongest stock on the day that's on my board up almost a percent now. Nasdaq has put together some green bars here. Netflix would be a volume runner. That bar gets bigger than the first year, which it looks like it will. Tesla coming down through lows of day. Ouch, Tesla. So Netflix to look for a pull back here. Today we're trading the two days to expiration option chain to DTE. And I would trade the $475 calls if I can get a pull back here in Netflix. Microsoft trying to get through highs of day, DKNG getting kind of a mighty 90. Sorry, pullback though. Netflix $475 calls trying to get filled at $370 and Tesla still falling. Not sure what's going on with Tesla today. Square through highs of day. You can definitely get a better fill than I did in Netflix. I was getting a pretty decent fill. I could have waited a little bit longer for this bar, but you never know with these volume runners. Sometimes they take off and leave you right out of the gate with the new bar forms. And so it had pulled back a little. So I went ahead and jumped in. Yeah, you just never know, man. I mean, how many times we missed volume runners because right out of the start of the new bar, it takes off. So that's why position sizing is so important. And that position size to add. So if it was to come down even down to about right here, it probably would add to it. From this setup, you're probably looking at potentially it could have come down to this pivot and then bounced. See, maybe question might end, of course, is wait 15 minutes, but I see that you count. Well, 15 minutes is the third bar. So you can't have a mighty 90 till the third bar. So that is 15 minutes skywing. So like DK and G. So wait 15 minutes, 5, 10, 15. So here's the 15 minute bar right here. So you can place your first mighty 90 trade based off this third bar, which is the 15 minutes he's talking about, of course. I got an order at 410 to close half my Netflix. Put that in there just in case. And S&P futures aren't really moving. Square pushing through highs of day. See, if you got a better feel at Netflix, you probably would already be out of half. Netflix kind of struggling to get through highs here. See any other mighty 90 shaken right now? You almost switched. It almost went with the 472.5 calls, but I didn't. My question was, when you look for two green bars, second, first, I see you did that. I can try to decipher your question here. My question was, when you look for two green bars, second bigger than the first. Yeah. So second bigger than the first, I'm looking for that volume runner. Are you asking about mighty nineties or volume runners? Confused. Okay. So Netflix was a volume runner, not a mighty 90. This bar right here, the third one is bigger than the first, which makes it a volume runner. If this bar would have been, this bar would have been bigger than the second, but not as big as the first, that's a mighty 90. Hopefully that makes sense. Netflix is not a mighty 90. It's a volume runner. It has a bar. Well, I want to make sure I answer your question. So if a bar is bigger than the first, it has nothing to do with a mighty 90. Like you can just cancel out mighty nineties if this bar gets bigger than the first. You're not even thinking mighty 90. Mighty 90 happens when you see what we have in DK and G right here, or potentially Baidu, where there's a bar that's the same and bigger than the previous, but not as big as the first. Baaba, see it's getting an upside volume runner because this bar is bigger than the first. Baidu's, it may grow bigger than the first by the time this five minutes is up. Who knows? Let's see what we got here. Baaba pushing up. So Baaba pulls back some, could be a potential entry. Nvidia kind of shaping up to be a continuation runner, pushing up, pausing futures doing it. Futures really aren't doing much. So Netflix, like you with this volume runner, I want it to push now. I don't want it to just sit there and pause. Check Baaba and toss. Yeah, it's a big volume bar and toss too. No pullback though, and Baaba. Man, I would think futures would start pushing up here. These other stocks are pushing. Tesla coming through lows of day. Yeah, yeah, I saw Baaba. Monster bar, I looked at it and think I swam too. Although the range is pretty tight. That's the thing. Look at this range, 74.7. That's like 0.5, half a point. And Tesla falling. Netflix holding on here. Man, but it's not been filled in half yet. So this is the Mighty 90 in Baidu right here. Nice looking Mighty 90. Again, it's a pretty tight range though. That's something I always double check. Check how tight the range is before I jump in. So DKNG had this Mighty 90 and now it's producing its second red bar. So that would have been a winner if somebody took that. DKNG Mighty 90, I mentioned. Yeah, Tesla. Tesla's either exploding to the upside or falling. Need Netflix to push through highs here because that's what you want to see out of a volume runner. If it can't get through highs, I'm just going to cut it. Yeah, I mean volume runners, I've talked about this in the past, but if you're new, you want them to pull back and then go. You don't want them to pull back and slowly decline or just sit there. Yeah, that's not really what you want out of a volume runner. Roblox had a big volume bar too, but Baaba's definitely an option. I'm going to see if it'll pull back a little bit more because it's such a tight range and it didn't come down anymore, that's for sure. Not yet. One thing about Netflix though, I'm still going to hold it because it's also kind of setting up to be upside continuation now that it's been just kind of been pausing here. I mean, if I got a better fill, I would be at half of my Netflix. Not much volume in a lot of these though, Amazon and Apple, Microsoft, volume is pretty low. Netflix is kind of shaping up now to be a mighty 90 short. Let's see what it does here. Give us a good push through highs here. Build a 410. Patience paid off. I'm going to close another one here. Build a 450 to close another Netflix. Baaba pushed up a little, but it would have been nice to get in down there, but I wanted to pull back a little bit more. Nvidia coming down. Future's doing it. Man, future's really spiked up and then look at that. It just came straight back down. Some weird stuff going on. Yeah, the Jolt's report came out here. So the Jobs Report gave a scenario they just said on the business channel I have next to me that it's more likely based on the Jobs Report, the Fed will cut interest rates in the future. That was the gist of what I got out of that. Yeah, darn it. Should have probably got into Baaba. Should have woulda coulda. Amazon, I mean it's just decent push up out of the gates and just hasn't gone anywhere. I think I'm going to put an exit based on it being pretty strong at five bucks. That would definitely be higher, but roughly 40 cents is 10%. So that's why I got out 410 and 450, but we'll go a little higher here. Five bucks. So probably had one other opportunity here, Baaba, to get in and we didn't, or I didn't. Again, you don't always have to do what I do. Definitely do if you see a setup here and you like it, go for it. Yeah, I got out of half of my condor. Yeah, Baaba just, it didn't. It didn't pull back and I'd been kicking myself if I would have got in about this pivot where, and then it came down more. I'd have been kicking myself for not waiting. DK and G a little mighty 90 long here. You know what DK and G is. Yeah, it's too cheap. Once again, though, it's been minimal, minimal opportunities here in terms of volume that Netflix actually got by as big as the first there again. Tesla, though, it's not liking anything. So Netflix taking kind of a pause here. I was real close to getting out it. I was real close to getting out five bucks, about a nickel away. So that was kind of a bummer. Now Netflix is falling. Not much really out of Baaba and Baidu or MU. Yeah, I think I'm going to get short Tesla here, a little downside continuation with the 240 puts built at 465. You definitely could get a better feel to me. All right, so Netflix coming down. That's dang it. Still some quirky stuff going on in the new year. Closing Netflix, built at 350. Man, so gave some back there. It's definitely not what you see or what you want a volume runner to do, what it's doing. So Tesla pushed down, little bounce, pushed down, little bounce. Looking forward to continue to fall. Man, just low volume, seeing low volume. Yeah, we're in to get out of half my Tesla at 510. Built at 510, close half of Tesla. Man, future's coming down. So features looks like it might be pushing lows. Do I have another Tesla here? Built at 570. So good, good decision to get short Tesla there where things were pushing up and it was not. I ain't got a good out in Tesla there or Netflix there. I've got two Teslas left. Yep, sure did. I already got out half. I think I mentioned, maybe you got in here late. I mentioned I just got filled on half. I posted it in the live, zero DTE live chat. So sold one for 830 and got out of half already at 640. What was perceived as good news with the jobs report, you would think things would go up, but instead they come down. I mean, I kind of look at price movement. When it looks like price movement is kind of settled. That's what I answer. My very first one. I mean, there's no tricks to it. There's no, sometimes I think people overanalyze. I think it's great to have back tests and all that, but I started paper trading this way and for two months I was extremely profitable. So then I started trading real money and have been ridiculously profitable and so I haven't really made any change. I look at like premiums too. So I'll look at like, okay, here's, I don't do anything if it's under five bucks. Today I tightened it up a little bit. I went about to 27 deltas instead of the 20 to get a better premium in terms of, instead of getting a 550 credit, I got an 830. And so then during the day, I'll kind of take a peek at the range that the S&P's moving. And if I have good premium at midday, I'll put one on. And power hour, I usually only do two max. And again, I'm kind of looking at what's, what's the range of, in terms of my, how wide my strikes are. What's the range of where it's moved today? No, I mean, I don't do any filters really. My stops are in the morning for like this one, 75% of my credit. And then so I got filled at 640. So then 75% of that power hour, I start out no matter what the credit is, with a stop of plus four. And then if I get filled, let's say I got filled at like 320, well, my next stop will be 320. Let's say I get filled, filled another contract at 230, well, my next, my next stop is 230 plus 230. I'm doing booking the profits like that, yes. But Steve kind of talked about in the iron condor video, of course, to get out at 20%. Like his first, I mean, it's kind of the way I, yeah, I mean, sometimes I think we can just outthink ourselves. Oh, you dropped it 20% a long time ago. And in the morning, when I put one on, here's another thing. I'll also, if it gets off center, I may put, then I might center another one. So for example, okay, so this is my one right now. Move it over here. So it's getting a little off center now, even though I've closed out half. So if it comes over a little bit more here, then I'll center a new one. So I only usually put on about two in the morning. I'm usually, if I can't put one on at lunchtime, and then max two at the end of the day. So really the max I'm putting on in a day is five really. But most time it's more like three or four, and look at DK and G following. So Tesla pushed through this pivot. Now it's kind of popping up. I guess it did have a little mighty 90 long there. See that? Well, this bar to me was as big as the first. So that's why I didn't get short. That's, I got out of that volume runner when this can start coming down like that. Other than that though, there hasn't been a ton of opportunities. Yeah, I'm only got two Teslas left. So I'm going to wait and see what it does here. It's got this pattern of pushing down and then trying to pop up and then continue to get rejected. NASDAQ down 150. Dow now down 250. Wow, the Dow really reversed. Roku pushed through those a day. Let's see. Dark Avengers had no ratios. I haven't gotten into the ratios yet. I know Steve does ratios. Yeah, okay, gotcha. So I just added a zero DTE iron condor so I centered one. So let me post that in the, I got a credit of $7 on it. Okay, so Tesla, I wanted to come back down below this pivot or I'm going to bail on it because it could be bounce time. I don't know. I definitely gave some back on Netflix. I don't want to give any back on Tesla, man. I mean, you figure Tesla's going to bounce at some point. Once again, I haven't gotten too many opportunities. Even Baba, you know, I'm kind of glad I missed this Baba really real close to bailing on Tesla just because I don't want to give any back. I just want to book profits, trying to just watch it, but see what it does here. Yeah, I could bounce a point or so and then roll back over and flush through those a day too. I'm going to go ahead and cut it, fill it at 530. So gave some back, didn't give a ton back. Not as much as I gave back for Netflix. Yeah, this Baba upside volume runner, we didn't get in. I'm glad I didn't get in it, you know, based on how it looked here. It went up a little bit, but it went up about .4 points. I mean, on this pullback, it was like 75.1 and it went up to about 75.6. So if you're new, that's why sometimes I don't get into some trades is if that is so tight that range. I mean, if there'd be anything I would do now, it'd be a downside continuation runner probably. And I'm usually get this stuff from going lower. That's Amazon as well. I mean, Amazon has resisted this drop by many. So now don't think I'm going to take any more of these trades. Just not seeing the setup. So only two trades again today. So I guess we're just slowly easing into 2024. So let's take a look at the live stream here. So you'll get Steve tomorrow, Friday and Monday. So I will definitely be in there listening to his sweet calming voice. And I'll see everybody back here Tuesday. Catch you later. Peace.