 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 be at your best. And you gotta make sure you got the right back test. Like this sleep away, make sure you're awake, cause we don't have time for fat finger mistakes. And ratio condom, quick, small gap. Good morning everyone, happy Monday. Today is December 18th. Hope everybody had a good weekend. S&P up 13.5, NASDAQ up 26, Russell up 10, Dow up 55, gold and silver slightly green, notes and bonds slightly red, tenure yield up half percent, oil up almost three percent, Natty gas up almost four percent, soybeans flat, wheat lower, corn lower, Euro slightly green, pounds slightly red, Bitcoin down two percent, VIX up 1.63 percent, but VIX futures lower. Pretty minimal, just a little over 16 point expected move on the day. But it is Monday my friends, it is Monday, I'll be doing my AM ratio. I will be doing my 9.45 AM iron condor. I will mix in some re-entries. I've got to close out my 3.5 and my 3.7, those both should be profitable. I will also be entering a 3.4 DTE this morning. So that's what I got on the docket. Market opens in one minute, the $4 strikes will be about 15 wide. Maybe 20, no news today, really no news today or tomorrow. Yeah, these are power hour premiums, which does not look good for power hour unless we crash today. So it looks like we may get 20 wide. My order will start coming in here. I forgot, I used the White Tiger's little auto expected move indicator. Oh wait, I got to put it in though. So let's see, 16.3. So the upper expected move, a little over 47.47, lower expected move about a little over 47.03. Okay, so it's not accurate yet. Yeah, yeah, it's still showing, still showing Fridays. Okay, I'll wait. I usually don't plot it till a little bit after anyway. Here comes my AM ratio. Looks like we'll try to get filled on the 47.40 calls and the 47.20. Just trying to replace the trade, prices moving higher. Looks like the 47.40s and the 47.20s. So 20 wide, filled at 17.30. Actually, it seems like it should have filled me on the 25s, not the 20s. Look closer to four on 25s. Chris, did you get filled on the 25s? On the put side? Let me see here. Monday AM ratio closest to four. I got me the 47.20s for some reason. All right, so I'm in the AM ratio. I got to jump over to my other monitor and close out my double calendars. Meach, the only difference is the number of bots you can do. So I would just start with the, depending on how many bots you want to build, you want to build a million? Yeah, they need better go with the big dog. I think I started with the one with three or whatever it is. And then I quickly realized. So I think I upgraded three times within three days. All right, so here's my three, five exit. Hosting in the calendar channel. That was a nice winner. Three, seven will be a little winner. Build on my three, seven, posted my three, seven as well. I've also got a four, seven and a six, seven. Four, seven is up about 13%. My six, seven is up about 14%. I already closed half my six, seven and half my four, seven on Friday. River 10, so they're up a little bit more. Dick K got the enterprise package. Call for custom quoting, please. All right, so S&P up a little bit at the open up 17 from Friday's close. Yeah, so also Meach, if you turn a bot off, that doesn't count against your number. So it's however many bots you have running or enabled at one time. So even if you do the 30, you could have 60 bots, but if only 30 of them are turned on, then that's all. That's all that matters. So if you're just going to use the bots to enter, yeah, you wouldn't you wouldn't need to turn it off. Then if you're going to use the OCOs to exit, you would just need to set the bot up just to enter and just don't set an exit. Well, actually, now that I say that out loud, I'm not sure if that's right. Because if you close, if you close the order and toss that you've entered in a bot. Yeah, I guess if you turn the bot off, that would work. You know, volatility pumped into my AM ratio. Cosmo, I will potentially, I kind of, I'm kind of using my re-entries a little bit more discretionary. I just put on my AM ratio. So I'm not really interested in loading up on top of that at the exact same price level at the exact same time. So on Mondays, I've also got a 945 central trade. So in about an hour, another one will come on. So depending on what happens here, I may wait on my re-entries till later. I just don't want to get too overloaded at one price level or one kind of area. Let's see, White Tiger, if it'll update now. There we go. So the upper expected move is around 47.42. Downside 47.09. Opt for dollar. What is that? Is that that charting service? I think I used them in like 1994. Yeah, it's been a long time. It just gives me an idea of what the expected range is for the day. Sometimes I will do some discretionary, like futures trades around the expected move. But it's really just as reference. It it's not anything critical that I absolutely have to have. I just kind of started doing it a while back and I just like it as a reference. And it kind of alerts me to, you know, for I mean, it's not the exact criteria, but it kind of alerts me of, you know, if it's above that, it's typically going to be, you know, we're in the kind of the up day type territory. Or down day type territory if it goes to the downside. OK, maybe I maybe I didn't hit apply or something. I put it in right at the open and it still kept my value in the settings as of what I had in there for Friday. And I just did it and now it moves. So I don't maybe I did something wrong. I like it, though. Yeah, I mean, I think that's fair. Dale, I but I think I think of support and resistance differently than other people, you know, I mean, I. You know, I use it as a kind of a line in the sand. So it's not something I do every day. You know, I'm not shorting at the upper one. I'm not buying at the lower one. It's just it's just reference. Oh, I got to do my three four DTE. Give me just a second. All right, so we go. We said it's sixty five trying to get filled in my three four. This six eighty. Sorry, guys, I was trying to I had some overlapping strikes and trade ears. So I'm going to try to get my three four filled in toss. There we go. All right, just posted my three four in the calendar channel. Check on my four or five DTE. It's down a little bit with this push up. You kind of move down would work nicely on that. By the way, if you're new here and I know I'm kind of jumping around, it's typically got a lot going on on Monday mornings. So don't don't be scared away if you're wondering what the hell is going on here. From a zero DTE perspective, all I've done is enter a AM my AM iron condor that's on my trade plan. All the other stuff is trying to get filled on some double calendars from Friday and entering a new one this morning. What do you mean? I don't know what you're saying, Chris. Can you translate retranslate for me? SPX hovering around forty seven thirty three. Yeah, I haven't seen any decay. Kind of some juice kind of got pumped in to the AM ratio after entry. Now it's pretty much where we got in. It's the same expiration, but, you know, you're choosing different strikes, you're getting in a different time. Volatility levels are different. So I mean, the expirations are the same. Previously, I wasn't doing a lot of three fours for that reason, just because kind of doubling up on the getting more exposure in that same expiration. But I just as we've seen, calendars are doing well in this low vol environment, so just kind of loading up with more exposure. Next week, I will not be. In fact, I'm not sure what I want to do on Friday, going into Christmas week. Tend to not do very well. Probably won't do any one, probably won't do any B and B's. I made it. I may skip calendars all together on Friday. I got to dig in a little bit more to see if my thesis is correct. My AM ratio condors at forty five dollars. I know it wasn't kind to B and B's. And I'm pretty sure I remember it being pretty bad for all. All double calendars. Yeah, I want to go through the trade logs, Cody, exactly. Pull up the back tests for that specific week in the past and see what see what happened. Yeah, you can see VIX is just kind of climbing all morning from the open. VIX is up two and a quarter percent now. We can look at some other positions here. So time flies. We've got the D's twenty two. Yes, I'll continue to hold this until one DTE. Best case scenario would be we're just kind of chopping around this area and then one DTE, which would be the twenty first. We start to get a little profit-humped building. And that's ideal. Will that happen? I don't know. Got the D's twenty nine similar scenario. So we have no risk to the upside on that one. The D's twenty two, we've got a little bit of risk to the upside. So ideally, we kind of chop around here and then push a little bit lower as the profit-humped builds to the downside. Got the GN five, not too far off from where we put it on. Got an ES hedgehog. Just put that on last week. We've got our gold strangle. It's profitable after adjustment. We've got a reverse hog in gold. That's just a little over break even. We've got a short strangle in MES. We've adjusted that one. Natty Gast is up a little bit. Well, I was thinking about it, Dayow. But because of the low expected move, meaning they would. I haven't even looked at it, but it'd probably be fairly cheap. But now we got VIX expanding instead of contracting. Usually on Mondays, volatility starts high and contracts. But we're seeing a little different story today. So definitely not interested in jumping in now. Possibly later in the day, depending on what happens. Rick's trading at about 925 right now. I mean, you'd need about a 20 point move. Up or down to hit a profit target in Rick right now, based on the current pricing. And the expected move is well below that. So yeah, so Dayow, I mean, the pattern is that. Obviously, this is not every single time, but the pattern is, you know, the market makers pump up the VIX over the weekend. You know, I mean, you think about it, you know, a lot of a lot of new traders will think, oh, man, I get free theta decay on the weekend, right? So they will sell premium on Friday and try to take it off Monday. Well, if you've ever done that, you know that that just is not really a good strategy because there is no there is no free lunch. You know, so what you'll see a lot of times is volatility actually contracts at the end of the week, and then they pump it up at the beginning of the week to kind of compensate for that. So that's that's kind of the quote unquote normal pattern. My six seven is getting close to 20 percent. SPX pushing higher, SPX up 20 now, or ES is up 20. I'm starting to see a little bit of decay in the AM ratio ever so slight. You can trail my AM down a buck. Sure, I must stop down. Nasdaq up 70, Russell the strongest up almost three quarters of a percent. Dow just slightly green as PX. Really 64, 74, about 91 points away from all time highs, getting a new high of year as we speak. So somebody was asking about reentry. So I'm going to go ahead and now we've got, you know, price has moved at a center. Volatility is actually staying a little bit bed. So I'm going to I'm going to go ahead and turn on my reentry is just to add a little bit more. My reentries are coming in at forty seven, forty five, forty seven, thirty. Six sevens get close to 20 percent. Let's see, where did I get into that one? Yeah, trading naked, so I just toggled it on. And so if the criteria fits, then it'll. It'll enter the reason it I mean, the VIX, you know, I have a VIX filter on there. So VIX is down more than point two five percent at the open that it wouldn't wouldn't trigger. But other than that, I have my entry time window set from the open until two thirty. So we're obviously still in that window. So that's why it just went right when I toggled on. That's why it entered six seven. I got in three eighty five, sixty five. I'm going to put an order in it for seventy to close my six seven. VIX futures are just slightly red. Spot VIX is up two point three six. Dark of Endra just posted in the calendar channel for seventy is where my order is. Wouldn't be a close debit close it for credit. Buy it for debit close for credit. Meach, I use the. No, I use the other one. Whatever they call it, I use the bot algo. Yeah, I'm trying to remember why there's something. Is it with the broker resting? You can't adjust your like so if you have a trailing stop. So I have to manually trail my stop in trade steward. If I have a strategy that I'm using a trailing stop on. So I think you have to use bot algo if you want to do that. If I'm not mistaken, I could be wrong. So that can, you know, it can be good and bad. I wouldn't say it's better necessarily, Chris. It's just what depends on the strategy and the. What you're trying to accomplish with it. But you know, it's so it's submitted as a market order. From trade steward to toss. So you need to make sure you understand, like it's going to be a little bit more delayed than if you had a resting stop market order in toss, which obviously, like I said, you know, that can be good or bad. You can see I've seen more slippage than I probably would have gotten. And I've seen less too. So it just, you know, kind of works both ways. I think that would be accurate. Meach, I just developed, I've just been using bot algo because a lot of my trades, I'm still adjusting the stop down, but I think it was just fixed. I don't, you know, you may, you may post that to Jordan. Tag him at go big orange in the trade steward channel just to confirm. But I think that's, I think what you're saying is accurate. Uh, side to stop. I do, um, I do net position. So here's my AM ratio, for example, I'm not sure what you're on. Oh yeah. It's a stop based on net position. Okay. Yeah. That is, that's right. If you have broker resting and that pops up, then I would assume you only do short only. Yeah. That's what it looks like. No worries, Meach, ask away. This, love it. That's, that's what this time is all about after we get into orders. Yeah. And anybody, anybody else here after we get into positions and we've got downtime, feel free to ask any questions. You definitely want to, with the bot stuff, you definitely, you know, I've been, I've been using them for a month or less. So definitely want to confirm anything with, uh, with Jordan. He's pretty responsive. Uh, I think, are you, I think maybe you're talking about the FOMC trade Meach. So with the FOMC trade, if I had been using the bot, it would have worked fine. I, I, I manually put that one in and was using an OCO and I put my OCO on the full iron condor as opposed to, uh, just the shorts. Cause I just, I wasn't even paying attention. I wasn't thinking about that the, um, that the bids would be gone on that trade that quickly, which I should have. So I bought the 5 cent wings, but I just, I just, it was just me not paying attention. Yeah. So the way the way the bot works is if it, it has the stop on the full iron condor, but as soon as a leg goes bid less, it takes that out of the equation. So you'll see sometimes that the bot will close the two shorts and the call and the long call, but it won't close the long put cause it has no bid. So it's constantly updating and checking that for you, which is nice. I just didn't have an FOMC bot set up. Yeah. The net position and the bot algo will take care of that. Yeah. He just posted something I saw, nothing definite, but I was in their discord yesterday. What did he say? Said something about, oh yeah. He said in the verified user chat in the trade stir discord, he said, aware that money, many of you got emails about the May 10, 2024 final transition or TDA to Schwab. I heard from TDA today that they are beginning to process onboarding of commercial API products to the Schwab API and more information should be coming quote very soon. So whatever that means, if that should work. Meach. Yeah. Any kind of urgent or technical questions, probably best feature request that all can be done in their discord. If you tag Jordan, his handles go big orange in our trade steward channel, he's pretty responsive that way too. If you tag him. All right. So my AM ratio is at 12%. My re-entries are hovering around unchanged. S&P is chopping around 4735. Got a few points away from the upper expected move. Yeah, Chris. I honestly, I don't know how they are handling the moves. I don't know what the order, there's a specific order. I heard at one point, you know, if you traded futures or futures options, they would be later because they hadn't gotten all their systems fixed in a couple of, but I don't know. I mean, I haven't talked to anyone about it per month. So it may be a good idea. I'm not sure. I've also heard people being told that they're not going to be moved until one date. And then all of a sudden they opened up their platform. They were moved. So take that for what it's worth. So I've trailed my stop on my AM ratio, about three bucks. Three bucks so far. Four dollar strikes are about 10 wide on SPX now. All right, my friends, anything else before we sign off? I've got a 945 AM iron condor that'll come on 945 central. So that's in about 20 minutes. I've got a quiet lunch. If that qualifies, then we will be back for power hour and we'll probably have four dollar straddles at power hour. So be ready for that. All right, my friends, have a good day. See you in power hour.