 Good morning everyone Happy Thursday December 28th, 2023 two days left in the Training year or trading year and we kick off 2024 Stocks are somewhat flat again. No kind of a wild day yesterday really There's a couple of times where stocks, uh, S&P plummeted in it And it shot back up and then it came back down Things can be a little wacky we're the end of the year so Because things can be a little uncertain here in the last couple days make sure you're Have a good idea of your position sizing At least tend to position size a little bit smaller and this time of year Thousand looks like it's going to start in the red S&P looks like it's going to start in the red and the NASDAQ is going to start in the green somebody sent me yesterday an article Somebody texted me a friend of mine Texting me this article about how somebody's predicting a black swan event in 2024 I just kind of chuckled. I'm like, yeah, I mean People try people predict that stuff all the time and never, you know, that's It's really going out on a limb considering we are at all-time highs We're all-time highs. It's pretty easy to predict a big drawback another reason. I don't trade the news morning day acts Today we trade the one DTE One data expiration. So make sure you're on that one Some stocks pushing up some stocks pushing down Not all that uncommon this time of year Amazon Netflix and video pushing down Some of the other tech stocks pushing up I made a mistake yesterday One of my other talents. I had some Baidu calls that I was holding for it because the NTT And Baidu had kind of for the last few days just kind of slowly Been down and been going down. So I just I just cut my losses didn't necessarily follow the NTT rules and now you can see Baidu is up three and a half percent When in doubt follow the rules chat Been up big time today So the dows in the red barely S&P pushed up here this five minutes Coming down a little bit NASDAQ has gotten weaker So we'll see what the second bar brings You can't imagine premiums are very high for zero DTE Those that traded that strategy, but Take a quick peek here as we're waiting on the second bar not the greatest So we'll take a look at the volume bars here and see if we can get one bigger than the first And in the same direction I don't see any Now Roku may be getting a little bit of volume here dkg possibly Morning bumblebee So not really seeing anything jumping out In terms of volume runners dkg make maybe here Baidu Just killing kicking myself for cutting those Calls yesterday were a bit of huge today So dkg is pushing up here and we take a peek at that toss Definitely looks like it's bigger than the first Yeah, definitely Roku did not quite get there Amazon company was on staying weak today So I'm just going to be patient. I think I said this time of year it's sometimes Struggled to get Set ups is trading as light We'll pull back in dkg Jesus blasting upward I'm taking another look at Roku Bar was really close. It's pulling back. So let me see Yeah, it didn't quite get there Man, it was close We surprised to see Roku Reverse and rip needed about another tick or two Apple and Amazon kind of opposites In dkg with another big volume bar Boeing looking like it may get a big bar to the downside dkg pulling back a little bit here Are the options like in dkg? Pretty cheap Pretty cheap Yeah, ba is getting a big volume bar to the downside So we need to see a bounce in it Yeah, dkg would be an upside volume runner And be a good time to pull back or a good time to enter right now, but Problem is it's just too cheap for me. I mean If you want something that I mean, I think they're like 58 cents or something Boeing no no Bouncing it at all Roblox pushing through highs Roblox getting a big volume bar to the upside now Another big volume bar in Boeing I'm still not in anything because I didn't want to get anything worth getting into Roblox starting to pull back a little bit Still plenty of time on that bar and Roblox. I mean it could flip red. Who knows Roblox too. Is it such a tight range? I mean, it's it's a tick away from being a red volume bar too So if you got to stay away from Roblox It's dkg pulling back here Tesla falling Tesla's actually got a little mighty 90 Let me take a look at that and toss Yeah, tesla. Okay. I'm like, I'm a long tesla here on a mighty 90 On this little push down See, I would do the 260 calls Built at 395 So I just kind of jumped in before it bounced And it may it may push down more. I don't know But I always position size my mighty 90s to add And add the screen bar here. So You need need two bars that look like tesla Um, I got in tesla mighty 90 Yeah, one dt and you can definitely get a better fill than I got You know, mr tesla and I would close half my tesla at 440 So I'll just put that in in case it bounces up See what our future's doing kind of just Chopping right now Yeah, I already mentioned Roblox I wasn't Not interested in that one. I talked about that one earlier Yeah, maybe you were in the bathroom whenever I talked about that one. It's just Too tight of a range So dkg coming back down So I'm glad I didn't get in that volume runner right there It could still bounce, who knows Tesla's still coming down So I may have to add to tesla here But before that I'm going to make sure it's barred isn't as big as the First otherwise it would turn into a downside volume runner That doesn't look like it is So i'm gonna add to tesla Build at 345 To add to it What else we got? And going in another big volume bar. It's kind of popped up a little bit I'm looking at bowing here for a downside volume runner One thing is I don't like that pivot right there It may stay above the pivot But i'm gonna go ahead and get short bowing On the 260 puts Try to get filled at 175 Filled at 176 That was 265 puts I'm sorry two 60 puts not 265. I'm sorry 260 puts uh 10 percent So while tesla I got filled at 345 on that on the ad so 10 of that is 34 cents So i'll go ahead and i'll go ahead and put a order in at 395 Which was my original fill close half and bowing Filled at 176 so 17 cents so that would be 193 So i'll just say 195 i put a order in bowing at 195 So both mighty 90s so looking for two consecutive bars I'm sorry. No bowing is a volume runner Looking for two consecutive bars in tesla Bowing struggling a little bit. I wish I could go down below that pivot though So we got one green bar in tesla one more one more push up like it just did Tesla coming back down darn it Amazon slowly creeping back up. It's working on its fourth green bar in a row video working on another green bar so you can see row blocks that Volume runner. It's just not going anywhere. I mean it's such a tight range One dte. I mean you'll experience some theta decay if you're in it very long I definitely like to see trades be quicker than Normal in the one dte days Bowing look at this just constant consolidation here I bet it just blows up You know second you kind of see the volume how it's just not A lot of low volume in most of these stocks. It's the time of year amd push through highs Disney's on a rip got a couple minutes left here. Maybe tesla will Flip here and give us a second green bar. It'd be nice Need bowing to push through lows DK and g trend rebound Don't think tesla's going to give us another green bar yet Need bowing to push through lows. I think I'll get filled if it can push through lows I don't really seeing anything else Microsoft pushed through lows apple coming down through lows Tesla coming down through lows unfortunately So yeah tesla I'm just Gonna wait wait for the two green bars so I've talked about this before but You know my position size so that I can add Which I did to it so Always fine if it goes against me based on my position size But one thing that I don't do As I don't look at my pnl It's one thing I actually started uh last year at this time. I think It's really helped that that mindset not not looking at my pnl Yeah, I feel like I should be getting filled here and bowing Did you get filled in bowing? Bumblebee, okay, I had a dollar 95 filled at a buck 95 and bowing Thank goodness. Oh tesla yucky Got a little bit of a flush going on here and some of these Nasdaq has to be red. No, it's still green I'm just looking at all these nasdaq stocks just coming down Stocks on the business channel. I've gone on says stocks rise after jobless claims data I'm not rising too much. I can tell you that Bowings the one that needs to be flushing for us But you can see like there's just not The volume on these like there's just not like nvidia all of all these are main stocks. There's just No volume to trade with Yeah, you know me i'm a rule follower, man Except for yesterday's buy-do-trade it was ntt Now it's up Well, I had watched it for like three days just continued to fall and I thought the ntt trade was going to turn red on me the the candlestick And by the end of the day so I cut it and then it never did and now it's up three percent It's not going down Today looks like it's shaping up to be a day like yesterday with some maybe some wild swings Look at amazon And it came down to this pivot and just bounced popping back up darn it So bowing did not participate in the little flush so bowing That's a volume runner, but if it pushes above this little Consolidation, I'll probably just cut it right at blockchain I'm trying to push through highs of day Bowing's kind of back up to where I got in at right above that pivot Look at roku push up push down push up push down Those are hard days to trade when the price action is that way? Yeah, I just not seeing any volume in in a lot of these. I'm Guessing we're gonna see a lot of chop here again today Bowings already started to chop Baba's definitely chop for two good pushes up in tesla then we can get out look at roblox. I mean Yeah, you know If you're in a one dte trade and there's a lot of chop you'll start feeling that they need to k I mean if it doesn't push down and push through lows pretty soon. I may just Bail on it as well. It needs to push through lows for me here I mean you look at roku even It looks like it's got these big pushes, but Really, it's Less than a point On a 94 dollar stock the wild swings yesterday. I heard what you did the Bonds whatever I haven't seen this in a while something like baba's doing Okay tesla gave us one green bar Can it push up and give us one more? Yeah, so bowing I Wanted to push back down Starting to look a lot like baba I got a zoom call at 945 central. So Definitely have a hard stop at 930 central today You know bowing it may it may push lows at some point today, but who knows when it could be Could be an hour from now. It could be two hours from now could be 15 minutes from now Definitely definitely chop going on All the indices are in the green right now That's the only one to come back down but bounces off that pivot I think i've already already feeling some faded decay and bowing Yeah, bowing doesn't push through here. I'm gonna bail on it Freight i'm just gonna be sitting there watching chop Not a lot of opportunities today All right bowing As your opportunity to push through lows This is worse than a friday. I don't know what tomorrow's gonna be like It's a friday and it's the last trading day in 2023 That would be interesting Fridays are usually muted and this will be a friday I'm the last trading day of the year Yeah, I think i'm gonna cut bowing too. It just doesn't look like it's gonna push through right now I'm gonna go ahead and cut it. There's time we got left on this bar. I just changed. Okay Let me give it let me give it since it's just changed. I'm gonna give it one minute See what it does. I don't know second green bar in tesla. There's 30 seconds It's got 30 more seconds to show me something 15 seconds If it stays red, I'll go another minute Okay, and it's still red. No, it's not Cutting it. It was a buck 87 Close bowing. I've just got tesla left It's time to get strong tesla Yeah, I got filled on that filled on part of my iron condor from this morning zero dt iron condor Close to half Apple pushing up Come on join your friends here tesla amazon pushing up meta trying to rebound microsoft trying to rebound dk and g trying to rebound but uh by you air b and b amd pushing highs It's time for tesla rip through eyes Uh, my zero dte I go I do 20 percent then 40 percent and I scale out scale out that way 20 40 60 I originally started with half of it So I'll do half scale out 20 percent half and then I See how many contracts are and I can usually go down, you know two two or three after that I got did 10 contracts and um, I got out of five so now I'll get out of two more at 40 percent Well tesla Give us one green bar. Will it give us a second here? and look at bowing Two big red bars, man, you would think that thing would drop No Sure didn't I can think I'm experiencing some faded a k and tesla as well And amd pushed through highs of day Come on. Let's get strong. Let's get strong tesla And it's a really tight range too. You can see tesla. I mean it's About a point on a 260 dollar stock over the last 30 minutes Good for 30 to k iron condors. Not good for Buying calls and puts That's right. It's about where I added to it Roku up down up down up I mean a lot of these stocks have given a couple decent pushes Too consecutive When I say decent, I mean there's still there's still tight range, but But distinct distinct to green bars consecutive You know nvidia is working on its second one right now I mean that's I I'd take that in tesla right now So I'm going to get ready for my zoom call here Um, I'm gonna give tesla a little bit of time here to give spit out two green bars in a row Got an order in at 395 to close half Hopefully here in the next 10 or 15 minutes it It decides to take The path of meta nvidia And spit out two green bars like that. So I will be back tomorrow and don't have high hopes for Lots of trades, but We'll see if we get lucky. So Everybody have a great day. I will catch you tomorrow peace