 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 race your condos quick to get those fills Folly a 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 let's go Good morning, good morning, good morning It's time to rise and shine, my friends Hope everybody's doing well Friday before Christmas We've got the S&Ps up 10 We've got the NASDAQ up 43 We've got Russell up 8.5 Dow is down 56 Gold up 1.3% Silver up almost 1% Notes and bonds green Ten-year yield down a little bit Sitting at 3.861 Oil up over a percent Natty gas down a little more than 1% Grains a little bit green Euro and the pound a little bit green Bitcoin slightly red VIX at 13.77 Should be uh Should be a green VIX at the open Which will allow me to trade my AM iron condor And I'll be doing some re-entries today as well Had high hopes of a continuation down yesterday But just wasn't to be my friends just was not to be Looks like we got somebody chatting on Zoom Chris, hey Chris, do me a favor I don't check the zoom chat We chat in the zero live chat channel and discord Good to have you It's everybody doing for Christmas Anything fun sticking around traveling I'll be sticking around I am taking my boys skiing Right before New Year's Bonfire on the beach Nice What's the weather down there right now, Dick? 65 So bonfire like that is just a personal thing for you and your family Or is that like a big community deal? Oh wow Nice Market opens in 20 seconds Looks like it'll be the 75 calls and maybe the 40 puts 30 35 wide maybe There's the bell 75 calls 40 puts I'm going to close out this trade here Some good conflict My bot should start firing here shortly For my AM ratio SPX pushing up Canceling replacing trying to get filled Just having a little problem There we go So that 1925 and that's on the 45 puts and 80 calls 45 puts and 80 calls And let's see what was the Expected move I'll lower 22 So the upper expected move at about 47.76 Lower about 47.31 So P now at 15 Russell once again the strongest of the bunch Up almost a full percent Dow just went green Gold up 1.3% Oil up 1% Just kind of scanning through some futures here See if there's any futures trades I want to take Don't see anything I want to do So what I'll do on my reentry Iron condor is um You know obviously I just got in the morning one so I don't want to just load up on basically the exact same thing so I'll wait till a little bit this morning If price moves around a little bit Then I'll flip on my reentry bot Try to get a little bit more exposure throughout the day But we will make this a little bit of a quick live stream This is the only trade that I'll That I have on my uh on my docket to put on So if you're new or if there's any questions or topics Or anything you guys want to cover We could certainly do that Just so you guys know Dick K was trying to get out of the bet That he won He was trying to get it out of me sending him barbecue And I said no sir No you are getting this barbecue whether you like it or not That's a bet Yeah the time fly I will be uh closing today obviously So I'm gonna as I posted in my update this morning The uh the butterfly is pretty much worthless so that that's just gonna expire So really I'll just let that expire and close the Double diagonal So no no rush on that Try to squeeze as much out of that as possible I know just that's the kind of guy dick is Even though he won he was trying to try to be nice trying to get out of it but I can't be having that Wuga once the In trade sir once the bot takes the trade how do you pull up the screen to manage it? Yeah, so um So you just click on Just I just click on the The logo here and takes you to the dashboard And then you scroll down below that graph And it's right here Then So I use a trailing stop on this morning one So every time it trails down a little bit. I'll just manually go in here and trail my Trail my stop which is not ideal, but that's how it is right now Naughty dog Just curious if anyone adjust their plans for the week between christmas day and new years I'm I'll probably I'm probably still gonna do some zero DTE I've decided to not do any calendar spreads So I won't be you know my normal Load-up friday afternoon on calendar spreads. I'm gonna pass on those Even though I think dick dick said he did the little testing and it didn't look too bad I'm gonna I'm just gonna pass Shut the calendars down for the year Yeah, liquidity and spx is I wouldn't worry about that naughty dog. I mean the uh Yeah, you know if something something comes out you could see some Higher slippage than normal or something like that, but I don't think it's too much to worry about Never made money on a friday. Listen. All right. Today's your day, buddy. Yep Tuesday is always Tuesday. Um I guess the only way that you would have a partial fill meet would be is You know, I usually have a couple minutes of a window for my trade to fill So I've never had a partial fill. I mean I've I've had partial fills, but it completed the you know the entire size that I have in there Um, so did it What did they get a partial fill and then it was outside your window and that's how it did it? Oh, you're man. Oh you manually. Yeah, if you manually put a trade in and toss It's not going to show up in trade steward the tracking. I haven't used the tracking feature. Sorry. Yeah, I have not I have not dug into that much just because I use trade uh trader sink Trade steward doesn't do anything with futures options and I do Do some of that. So I'm not going to use two tracking platforms I would uh, yeah, I would probably dig into that tracking and trade steward more if I only traded uh Well, and then the other thing is I I trade with multiple brokers too And trade stewards only connected to ta so that doesn't work for me either I do like how it um I do like kind of the uh summary of You know, if you get if you go to view bots It shows me kind of my summary p&l Uh, which is cool just from my bot trading So for example at the top here my am ratio wednesday 70 minute I've only done three of those only one of the three has been a winner. It's my year-to-date p&l on that trade Uh am ratio mondays. I've had the bots traded at five times. I've won three out of five Uh my am ratio wednesday thursday friday, which is the one i'm in right now It's traded for those three have been winners total p&l 2,600 year-to-date So it's kind of cool to see a little glimpse of that jsp's Seven of eight have been winners for over 90 100 am ratio monday wednesday And so then this is two different bots because I have two different profit targets, but Shows those separately three for three Quiet lunch monday wednesday friday three out of five small profit So that's kind of cool all green so far S&P up 18 Yeah, gold is strong. I actually bought some gold futures Early this morning when I woke up Just from a standpoint of I think we are Going to rip through and you know, we hit that all-time high and then we just Pulled back and we've hit that level We've hidden that kind of all-time high level a couple different times And it's just kind of retraced and I think we're I think we're gonna blow through that So it's not a day trade or anything like that. I just I bought some futures to hold I tried to pop up like this this morning Whoo, this coffee is extra good this morning extra tasty spx all-time high 48 18 currently at 47 70 Silver has not gotten back up anywhere to all-time highs Which looks like this 30 I don't know if that's all-time high but at least during this time period at a high of 30 30.345 It's currently at 24 I have a I'm hitting a casino tonight Me and 12 12 friends are going to a Nice steak dinner followed by a little casino action tonight So that should be interesting I like it all dick. Hey, I like Play some craps play some blackjack I might try out your Fibonacci system on the roulette table. I don't know. It just depends on where the night takes me Yeah, so if I uh I don't have any money in my account to trade On monday after christmas. You'll know why tuesday Yeah, I like I do like craps Seeing a tiny bit of decay on our am trade Not too much yet Yeah, these are all friends that I've I mean a couple of them I've known since 7th grade buddies since middle school most of them are college college buddies or friends through college buddies Should be fun. It's a good good group of degenerates Do we have some news this morning? Oh, yeah, the consumer confidence Can't imagine they're holding up our theta for that revised University of michigan consumer sentiment new home sales At the top of the hour Annette, are you on the live stream? She was asking in the butterfly channel if I'm going to make an adjustment to the uh jane 12 time fly and and yeah I will I'm just gonna I'll just give a little bit more time this morning Before I do so Sell put spread on pullback question mark question mark double question mark I'm not sure what that Are you asking me if I'm going to uh didn't plan on it now So we've moved out of center Close to wanting to turn on my re-entry to add a little bit more in So my re-entry is actually two different bots. So I think I will uh Turn one on spx Up 0.37 percent from the open Build at 2040 and that was on the 55 puts 85 calls So just shifted the strikes up a little bit from the open add a little bit more Uh, yeah crush. I just I did I just did kind of explain it All I'm doing is I'm just kind of using it a little bit discretionary. I'm just waiting for price to move a little bit That's it nothing nothing magic Just wanted to get more exposure on today and price moved out of center You know, so my strikes shifted up a couple So just adding a little bit just turned on one of them Now it's not nothing Nothing is specific is that All green so far all green The dow started off red came come to life The Russell started off the strongest and staying strong Vicks is has been climbing all morning As the S&P's going up Maybe they're trying to save some premium for us for power hour Maybe the confidence from consumers will be so shaken But it causes some red what do you guys think We'll stay on here till after the consumer confidence and new home sales see if anything comes from that highly doubtful Excuse me Barclays now expects bank of BOE bank of England, I guess to deliver its first rate cut of 25 basis points in may 2024 versus april of 2024 estimated previously According to financial juice I do need to close out my gold hedgehog today Unfortunately with this up move it's going to put us a little red Would have been better to close out yesterday, but Who knew a little tiny pullback in spx Ethereum up four and a half percent above 2300 couple minutes until that comes out I'm gonna reduce my stop another buck on my am trade so the am currently up almost 10 percent and Just a tiny bit of decay on my Other one Yeah, I did and that but I can repeat I saw your question and I is I saw the I saw your name on zoom so I I mentioned it, but uh Yeah, so the answers. Yeah on the uh, january 12th fly I will be adding a A calendar or diagonal. I'm just giving a little bit of time this morning. I don't like to do it first thing. I like to Let things shake out a little bit so I mean, of course if we make a big move down then I won't but Most likely I will University of michigan's sentiment Actual 69.7 Or casted 69.4 Whatever that means. Yeah Sounds uh, sounds good sounds good. It sounds like the consumer sentiment is Uh vix took a little drop and then pop a little dropy poppy spx coming down a tad Did get a little bit of a volatility crush. We've got the I'm up 20 percent now on the Am ratio I can reduce my stop further Kind of weird vix kind of gap down and then pop back up that might be just a a bit of a bad print or something, but All right, my friends. I'm going to jump off here We'll be back for power hour. I hope everybody has a good rest of your day And we'll chat with you soon. Take care. See you in power hour