 Good morning everyone and happy Wednesday. It's Wednesday 20 Head of myself there It's Wednesday, August 30th, 2023. It looks like my Orion. I'm about to restart this Bunkies going on stocks are pretty flat but the That was up and as X pretty flat so it's S&P So we'll see if it can pull out another green day here after yesterday's nice green day Hopefully got in on some of the four trades that I was in on yesterday. I'm still just astonished by Coinbase and How it got up to almost $11 and I closed my last contract out at like three sixty-five. So I mean with one contract that would that would have been another like 800 to some dollars Added to my my day yesterday a lot of held that for one more five-minute bar No, Orion's just taking some time here or if there's Yeah, it looks like it's just slow. So Yesterday was a great day, but today's a new day And the bell has rung. Let's hope my Orion can speed up here a little bit and Everybody kind of starts in the green Russell Little bit in the red Lift is up almost three percent Eaton down Little under three percent down the little it's under six bucks now share amazing Today is Wednesday So we trade the two days to expiration option chain and if you're new welcome and make sure you post in the discord day trading chat channel Especially if you see one of our setups a mighty 90 volume runner always helps having other people looking out for Strategies and we're trading here Vicks down three quarters of a percent Yesterday that square trade man. Just was the perfect storm and when I say that I mean You know as a strong market it had a little pullback and the price really was the reason why it ended up being so profitable because You know thought would have been a stock that Was it like four dollars? You know, I probably would have done four to six contracts and then if I added to it I probably would have done, you know added four contracts and so, you know, I would have scaled out got all the way through the as the price increased and would have ran out of contracts, but because it was I added a dollar seven You know I'm adding more contracts and so I had a lot of contracts on after the ad so And it was a low risk because it came down to a pivot and you know, I remember saying, you know If this pushes down through the pivot, I'm just I'm just closing it So that's the beauty of the strategy is that would have been probably a small loser if it pushes through the pivot because I would have just cut it right there and If not and it goes up and our favorites turns into a big winner It's a little two-way action here got some stocks pushing down Nvidia and Apple trying to push up. I don't trade Coinbase very much, but man, it really worked out yesterday Second bar here. This is my last day leading the live stream in August So we'll have my Monthly summary after today Steve will be here tomorrow zero DTE on the last trading day in August VIX has come up slightly since It opened but the Dow is also Dow futures pushing up now up 111 I'm sorry. Yeah, Dow futures up 108 Nasdaq just kind of staying flat right now was the Nasdaq but that was so strong yesterday a lot of people buying the tech dip from the previous step a couple weeks Roku man back up to slow on our $80 a share I like when it's right about there. It got down to almost under 50 earlier this year It was getting a little concerned. It was gonna be too small to trade Nasdaq really coming down here VIX really popping up VIX goes green So we'll be looking for some volume here not really seeing any at the moment in fact volume looks really low Pretty yesterday. We're about halfway through this five-minute bar and Just really low volume. So it does not look like we'll have any volume runners out of the gates Yeah, just just really I mean look at Microsoft Netflix Amazon Apple just really low volume now is that low volume or did my Orion freeze? That's thinking my Orion is frozen. Yes, it is because Tesla is a lot bigger in So I'm gonna have to restart my Orion Some reason is acting slow today So that Tesla is actually getting close to a big volume bar here, but it's in the opposite direction. So I'm looking at my think or swim so while I'm Trying to get Orion back open if you see any potential volume runners, please post them as I'm dealing with all technology issues Yeah, so meta got a downside volume runner, but it's already coming down unfortunately So it would have been nice to get in on that little bump up. Yeah and Boeing upside volume runner, but it Just has not Pulled back any went straight up. So come on Orion and Boeing's volume bars. It's like it's gonna get another big one So I probably would have gotten in meta on that little bounce father Wouldn't have to be dealing with what I'm dealing with. Yeah, probably about a half by now. Something else It's never done this before let me see here pull this over I'll detach my Trading tab. All right, there we go Thing is I just have to scroll through them now. So I don't It's harder to see him as quickly So not seeing any mighty 90s as of yet and big volume bar from Boeing huge Meta still coming down. It'd been a good downside volume runner and meta if you could have got in like right up here That's probably where I would have tried to get in at. I don't know what's going on with Orion So Boeing is pulling back a little bit But sometimes they get a little cautious when you get to see these ridiculous volume bars if things they don't always pan out Nvidia just kind of stair stepping downward and a popping up a little bit So meta It's popping up a little bit here. It comes back up here at 295. I might just jump in morning decks Vicks interestingly enough coming down through lows so there is a There's a lot of stocks that are Coming down, but there's a lot of stocks bouncing too. So I'm not sure about meta here going pulling back a little bit. Just trying to be a little careful here I'm not quite sure which direction this mark is gonna go Here's to be getting strong Boeing and Kind of wanted to jump in when it was down here, but I think I might jump in a little Boeing short If it comes above here, I'll just bail on it. So two thirty two point five puts two thirty two point five puts try to jump in here at 330 build a three thirty five So I had adjusted a tick meta just two thirty two point five puts It's still coming down though. Yeah, that Boeing a little pull back there would have been nice. Oh Man, I take that. I was in on the wrong one. Never mind I was I got I got filled on Boeing. My tab was screwed up So that was not meta that was Boeing. I Didn't not want to be in Boeing. I wanted to be in meta So I have this I have my tab my thinkorswim tab detached I closed out by the way closed out 325 for meta. I closed it Everybody's probably like what are you talking about? So when I detached it, I need to unlink it here. That's a big blunder So I just So basically like when I click on one here, okay, so it's it was setting on Boeing So my detached Option trading screen Links with Boeing and so I thought I was on meta. I wasn't so No real harm yet. I mean meta really hasn't gone anywhere and this is Really a little bit tougher when I don't have that Orion up. So I wouldn't even really count that as a trade that's It was mistake that it will probably just fall now It would have been the second time I missed it today. Can't thanks to this technical issue So hopefully hopefully you're not having technical issues and you're able to hope you guys got in on meta And that's what I would have or you don't have to do exactly what I'm doing really know what's going on with Orion Okay, so meta stress again 297.5 puts it's almost getting maybe a mighty 90 as well little at 415 297.5 puts So it's almost it was almost like a mighty 90 as well. So now this big volume bar in mighty 90. That's why That's why I got short now. We close half at 455 Doesn't get filled there filled at 455 close half of meta So I really liked it once it pushed up because the volume was showing a mighty 90 and it already had a big volume bar to the downside So I thought that was a good one to get into Ryan's still not working. I've got I've been trying to pull it up on a different screen It's just what's going on I don't know if it's a Ryan my internet I mean it's hardwired. So I don't think it would be my internet Square had a nice nice look in mighty 90 as well man right in front of my face Nice push up things seem to be getting strong. Everything's in the red. I'm sorry in the green and Meta pushing back up to about where I got in it's frustrating. All right doesn't work. Yeah, so Meta pushing up. I May add back in here. I would add back. I would add back into meta on this mighty 90 At like 380. I mean, it's just it's just a little slower whenever I have to click on everyone That's that's the problem Is you can really Now Ryan's when I use Orion I can just at a glance I can Take a look just real quick that flicks getting the mighty 90 So Netflix I would trade the 435 puts try to get filled at 505 Darn it really wanted to fill Netflix there. I Probably could have got filled at 510. We'll see my pop-up But that's a good volume separation right there. That's what we look for I should and I probably should have just tried to get in on that one because it was it was close to You know like when it's got volume separation like that on a mighty 90 and it's pushing up And it's at the end of the five-minute bar That's where I really like to get in but it could push back up. I mean Vix is still coming down Square given two red bars out of that mighty 90 that I missed Boeing a little mighty 90 as well. It's like it may give two red bars Built at 380 to add to meta Yeah, square mighty 90 would have worked Okay, so now I'm gonna try to jump back in Netflix here You get a better feel here now same 435 puts filled at 485 So maybe maybe the fact I didn't originally get filled maybe that will help out I think I should get lucky on that because what's going on with my Orion today I would close half my meta at 420 which is just a little bit above my original entry. It's harder to really like Get in more than a couple trades when I can't you know what I'm gonna have to click on And and look at them this way, you know when I can't just like browse them real quick So looking for two red bars out of both Netflix and meta and I was real close to getting out half of my meta Real close your nickel is considering adjusting No, for strong as market has gotten. There wasn't very many Boeing was about the only upside volume runner Netflix pushing up to this pivot might be a good time to add to it quite ready to add to it now I am Add to my Netflix filled it 445 to add So I would get out at 485 of half and square In a room good mighty 90. That's what I wanted to see out of Metta I mean me meta is struggling a little bit push up Netflix is pushing up higher than I wanted anyone to push to that pivot darn it So I just need two red bars out of that and look at yeah, look at square beauty. I've been a beauty I got one red bar out of well barely read out of meta and now Netflix is flirting with a big volume bar Vic's still coming down. It's down two and a quarter percent man Yeah, really nice really nice mighty 90 square there. So Netflix potentially getting a big volume bar to the upside here So may just bail if I get a one bar pullback Yes, kind of see what the rest of the market's doing Boeing kind of have a little upside continuation here, maybe Well three bar pullback or is Boeing done pushing? Yeah, it's hard to scan for new trades when I can't get that Orion to fork and Netflix it's not what I wanted to see Hope it gets forced down right there I can get a little pullback and maybe I'll just bail on Netflix You know meta just keeps getting getting rejected there. So Netflix not doing Doing me dirty some closing it Built at 365 tough one there Nice nice looking mighty 90 though, like I would get in that all day every day. Let's pull Let's pull this over here Let's move this back over here So just a rough day with my technology here So I apologize for that So not the way I wanted to end my month after yesterday having Technology issues first page loaded, but the second page is not now. Sometimes Just one of those days I already throw my computer through or throw my laptop through my TV over here. I think it was disappointing about Netflix is just You know, I mean had a really nice look in mighty 90 and I get in that 10 days out of 10 When I see when I see the volume pop like that and another push up. I mean, that's just a really solid looking Mighty 90 so I'm not really disappointed in the trade itself It just was a mighty 90 that didn't work that turned into an upside volume runner So still waiting for two bars on meta to red bars So more times than not you're gonna get In terms of the probabilities you're gonna get a you know a mighty 90 that works It's actually mighty 90 and apple short as well right now. See apple trade the 187.5 puts Filled at 130 I jumped in there quick. I like that apple volume pop. You can see here. That's got a nice separation It pushed up I got in just below just as it started to come down So meta kind of pushing right up to where it's just been rejected all these Times Which is odd because things appear to be coming down on other stocks. Look broku amazon NVIDIA tesla all coming down And it looks like it's frozen So it froze again We get out of half my amazon at a dollar 45 The frozen or it's just really slow Build at 420 To close half of my meta Finally still hoping to get two bars out of red bars in a row out of meta now What do I say apple? Well, yeah dollar 45 be out of half Get out of another meta build at 460 To close another meta Look at this push down Build at a dollar 45 to get out half of apple So nice little push down there. That's interesting Yeah, so apples Just like netflix was a really nice mighty 90 Set up Again, nothing's 100 right But I wanted to jump in apple because again, they had good volume pop and it ended Pushing up as you know to the top there I would close another meta at five bucks And so hopefully we can get a second red bar out of these Build at five bucks to close another meta so patients Paid off in meta Get rid of another apple filled at a dollar 55 Trying to trim some on this push down So Looks like we're going to get a second red bar So do I close out or do I leave some on and that is the question at three metas left Metas meta is coming down to loads of day. So that's interesting So apple, I mean if you look at for anybody, it's new if you look at that apple mighty 90 I mean, that's like your ideal mighty 90 setup Get out of another apple filled at a buck 71 Metas coming down to lows. I think I might leave Let me get rid of another one here Filled at 5 30 to close a quarter So I got two left. So I think I'll just um See what happens here. It's coming down to a pivot Yeah, I'm not sure what's caused this big flush. It's like a netflix, man Thought I held it just a little bit longer. I would have got it all back and then some But There's your two red bars and netflix on the mighty 90 again This is just something Not sure what's caused this flush here, but it's certainly helped me since I was read with netflix It's okay. So two red bars So I think I'm gonna And vix is still coming up. I'm just gonna I'm gonna hold these what I have right here now Let's see if we can get a little run If it doesn't then I'll just close them out But the vix is still firing up Gonna get out of another apple Builded a buck 98 So my screen's frozen again on a ryan. So Um, so I'm gonna go ahead and close meta, but keep apple open Well, let me second give me a second here. So meta's coming out on this pivot and apples Let me pull this over go ahead and just detach again It's detached. So let me bring this over So let me show you why I'm doing what I'm doing Something is ridiculously slow here Okay, so meta's coming down to this pivot as soon as amazon So if meta looks like it wants to bounce off the pivot, I'll close it but amp or not amazon apple But I'm letting apple keep coming down because I'm you know, I'm thinking a wonder if it'll bounce off this pivot You got five apples left I'm gonna close another apple build it 204 And meta see Is it gonna push through that pivot? Keep in mind these are mighty 90s So you would want to close them out after two red bars, but I'm just You see how this vix just fired up So I'm seeing if we're gonna get somewhat of a flush here But a lot of times you get a flush down to a pivot and then a bounce So Any sign of a bounce out of meta I would get out and now that apple has come down to the pivot See when this when this bar started it was up here. That's why I held my contracts to see if it come down the pivot But now that it has gone down to the pivot it has started to bounce a little bit so I'm gonna go ahead and close my meta See how it's bouncing build it 510 Close the rest of my meta And I had I had two contracts only I only had two contracts left so But you can see and so I don't want apple to do that either And I wanted to bounce up a ton I got four apples left So I think I'm just gonna go ahead and close my apple out and call it a day Which didn't turn out all bad all things considered Built it a buck 90 to close apple Okay, so yeah, you know good lesson here on a mighty 90 Uh, I let the apple one run down a little bit more when it came down to that pivot I was just very cognizant of a bounce and uh same thing with meta Dip this toe below and then bounced so All right, folks, uh, I will be here friday. So you'll see steve third tomorrow And I'll see everybody back On september 1st So Have a good one. Peace