 Good morning everyone happy Tuesday, it's Tuesday, January 16th 2024 Hope y'all had a good three-day weekend for those that Well, I guess three-day weekend from trading for sure and we've got Markets in the red to start today Dow is down 129 and as that futures down 60 S&P futures down 16 and The VIX is up a little under 5% so Let's see what what today brings after a three-day break. Good morning, Krish. I've been working on My zero DTE Presentation to kind of chart out my process of trading the zero DTE iron condors planning on taken today and and You know Getting some real-life examples so I can paste them into the presentation We're here in the next couple days. I'll I get some good example samples today or good examples today that I'll be able to Get that up and going by the end of the week Morning with Sosa morning MRP so I can I can do We're doing the mighty 90 and runners here the first 30 minutes and then I can maybe switch over to Still do those but monitor when I'm gonna enter my iron condor Yeah, I thought about a Rick today with the markets being where they were at The ball is wrong morning day ox morning disco See what kind of trading volume we get here the first day back from our MLK day Had some good zoom calls with some people over the weekend they're looking at doing more zero DTE trading and Everyone I've spoken to is really committing to paper trading to Help out with learning the process. It's good to hear Usually at you know on a Monday, which this isn't a Monday, but it's a Monday in terms of trading Not always my favorite days to do the mighty 90 runners, but might be a little careful on my entries today You don't always know what's gonna happen there and you've had a holiday gonna have earnings Season gonna be kicking off pretty soon. So You have to be aware of all that next week will be a real big week for a lot of Big companies week day trading that's a pushing down Amazon meta pushing up and video Netflix It's a little two-way action going on here. So with Markets pushing down. We'll have to see if we get continued downward movement throughout the day or if it'll Bounce went to the Dr. Friday got some antibiotics and Steroid to help Shake the head cold that I've got that has affected my voice And so slowly coming back. Thank goodness So some Nasdaq stocks here coming down some are pushing up overall the Nasdaq's trying to come up a little bit Dow futures tried to push up and got pushed back down at about Like the same place they had knocked down at about 740 central today Actually, they've been rejected twice up there at that pivot and see here. Dow futures got pushed down here came up pushed down Came back up pushed back down. All right, so getting our second bar here. We'll look for some See what kind of volume we get here with some volume runners if you're new Sure, you've watched the volume runners course and the continuation runner and the mighty 90 That's the three main ones I trade here at this time Vicks up almost 9% now. Oh, take that back under five. What's that looking at? Must be looking at something else Yeah, four and a half percent fixes up. Oh I've seen it before It's number five the mighty 90s strategy Meta big reversal Right block chance come down Man, it was up to like $18 and since that old ETF Bitcoin thing it's really come down a lot Snapchat getting a potential downside volume runner for people that want a smaller stock to trade That's some P down 18 Dot on 169 Nasdaq down 50 not really seeing anything that would Look promising here. Yeah, so I guess it snap has gotten there for Like smaller stocks Tesla really been struggling lately down another two and three quarters percent and today trading the three days to expiration option chain three DTE So nothing nothing shaking yet And meta big reversal and meta there S&P coming down down 24 now so doesn't really look like we're gonna get any We'll look for some mighty 90s now So we looking for this third bar to be bigger than the previous one As long as it's not bigger than the first one and in the same directions base coming down to kind of getting hit just like It's been taking a hit kind of like Riot so yeah, I mean this I'm kind of treating this like a Monday Look to a holiday yesterday. It's not like I said my favorite day to trade kind of get some Sometimes some things Don't always go as planned so meta getting weak Tesla poppin trying to pop back up here Let's see if it can gain traction. I don't know the Dow down 234 now. So It's really falling Yeah, I mean, that's why I was thinking maybe Tesla down side runner here, but And it's holding on even in this big push down. So Well, that's a good sign or a bad sign for old mr. Tesla Nvidia is kind of holding on as well Not really seeing any mighty 90s. I'm use getting a bar Looks like it might be a mighty 90, but it's close. It's getting close to being as big as the first Problem with that one snap with another big bar. So I think I'll just be patient here Yeah, I'm stay away from emu. The bars is too big. You can gee Staying strong But you can kind of see when you get the stair stepping down in volume, it just doesn't it's not that's not giving you any mighty 90s or runners so Roku pushing through loads of day and video man. It's holding on like it wants to go higher, but I Sure want to get long right now in this weak market This early out of the gates anyway, yeah, I don't I don't I don't even consider that a mighty 90 bowing Snap is bouncing a little bit Well, he's trying to get Tesla rolling back over thought that might happen look at a daily chart at Tesla It's been it's been rough for Of course, you know Tesla will bounce back at some point. It's just when what happened and you can kind of see since It's last this last week to ten days. It's just been on a Precisible pullback Apple through loads of day Netflix through loads of day Nvidia though still holding on man, it's Take a look at the daily chart of Nvidia up to highs. Yeah AMD staying staying strong And the Dow still falling though, I mean but Nvidia trying to pop back up Still just no good mighty 90s as of right now or runners out going base flipped Tesla has flipped Nvidia trying to go through highs of day meta though means staying weak Microsoft staying weak Apple staying weak Yeah, sometimes that happens on Mondays again. This isn't a Monday, but it kind of like a Monday for the markets I guess and the Dow's down to 54 Nasdaq futures Still falling, but we've got Nvidia and now Tesla Tesla still in the red but I Don't know. I don't know if Nvidia can crack highs of day or not But you can just see the volume here on this first page of mine. It's just you know Microsoft Netflix Amazon Apple you just I mean this is what it is. It's just not giving you any good signals in terms of volume runners or mighty 90s So pretty soon here the continuation runner will be in in play Are we gonna get continued down movement anywhere because most of things moving down Except Tesla This might be on a heater up today Tesla through through highs of day. I'd like to get a mighty 90s short here in Tesla, but it's not getting one in the What's the volume? Roku tight range Wayne Mason riot trying to crypto is trying to rally so so S&P futures you can kind of see is just pretty much been on a push push downward here. It's starting to try to get a little bit of a bounce, but oh Oh Tesla just shot up So I'm not sure what's going on now with Tesla, but pretty massive move out of Tesla right now Elon must have did something right still just nothing though I mean maybe Nvidia side continuation here and as that is trying to pop up a little bit. I'm just not Not convinced quite yet Meta almost maybe looks like potential downside continuation So, you know, I'm getting kind of mixed signals here, you know, like Tesla's pushed up and video looks like it wants to go higher Meta Microsoft maybe looks like it wants to go lower. So I mean when I get Stuff like this happening. I kind of get a little conservative Tesla's on a burner at Tesla's trying to get back everything. It's lost here in one day I'm gonna go ahead and get short meta. I think here. It's just really struggling Yeah, Tesla's volume just straight across out of a 370 puts in Meta built at 405 405 So you could probably get a better fill than I did So close half at 445 Put that in case I'm not watching AMD staying strong Yeah, I don't know if it is or not No, I was playing it as a downside continuation runner But now it's pushing against me Wow, Tesla unreal. It's the biggest push I've seen in Tesla a while Really no pullback either. I mean these last few bars here. So meta. I mean if it gets above here I'm Considering adding to it here. Oh, Tesla So this is kind of what you get on after a three-day, you know, you might get pushes in each direction I wondered about this So I'm gonna add to my meta here the same strike Build at 335 to add to meta. So if it goes much above here Well, if it gets through that pivot, I will definitely definitely close it You see Apple looks like it wants to stay weak. I'm just not convinced. We're gonna continue to go up here, but Again, that's why I'm only in one trade at the moment So meta I would close half at see on the last one was at 335 Let's just go ahead and close half at four bucks. I know that's much more than 10% but Still not much with volume bars Yes, Ken I'll go in medium and then I'll Then it kind of depends on how big the current position is but for that one. Yeah, I just doubled it because Just pens with a price stock like that if I'm gonna stock this price like a buck 20 or something You know, it might be different Tesla has went from one of the weaker stocks now to getting close to one of the stronger ones Nvidia man, it's it's struggled a little bit here. Well, and you thought we were gonna keep your keep a red day here in terms of Some volatility back for zero DTE. It's kind of shaping up to be Vicks coming back down Let me see here was the Vicks currently on Yes, the Vicks is yeah, it came up and now it's coming all the way back down That's the must be pulling the whole market man. It's amazing. I have not seen this out of Tesla in a long time It'll be interesting to see if it can hold that Imagine it's gonna pull back at some point, but it's not giving me any It's not giving me a long setup. It's not giving me a short setup. I wonder if it's gonna run out of steam pretty soon So meta trying to come back down for us. I just don't know what else is strong It's keeping the market from coming down. I guess DK and G. It's not very big stock AMD staying strong still just really kind of disappointing day on the terms of Not really seeing any volume terms of mighty 90s or runners, so Built at four bucks to close half my meta There you go. So definitely a good add there. So I would close another meta at 440 So let's take a look. Okay, so you free zero DTE traders Let's take a look here. So it's after nine central. So we've had a push down in a pretty good bounce So I'm looking for things to maybe stabilize here before I put in my first Am iron condor. That's still going up. Oh my gosh Should have bought some calls So futures are coming back up pretty decent bounce here No zero zero signals in Tesla. That's why it makes me wonder like what's going on Maybe it's just because it's been down for last 10 days. It's Getting an initial bounce. I mean, I'm guessing at some point today. It's gonna pull back though Meta trying to go through lows Vicks coming down though So I'm gonna be looking at my first iron condor here. We'll look at this 4780s see what kind of price I can get there oops Got filled up 440 in meta close quarter. So at least that one's working What I am in so looking at the 47 a's and the 47 40 puts 50 50 points wide. We'll see what kind of premium that gets me 535 not not the greatest premium, but it is wider So take a peek at the analysis tab here before I do anything Sometimes my analysis tab is not portioned right now and video is busting out. So it looks like we're going stronger guys I think I'm gonna give it just a second in terms of my zero DTE So I would put in I'm gonna see if I can get filled on another order in Meta, I'm gonna put a working order in it for 80 It's kind of hard to do to lead the live stream with the mighty 90 runners and then still try to do your zero DTE Stuff so I'm just gonna wait on my zero DTE for right now AMD broke out Yeah, I guess maybe I should have taken a long there in Nvidia Yeah, I was considering it So Roku's kind of got a mighty 90 short here if you can get one more push I might go And we can get short Roku here the 87 puts trying to get filled at 225 here. Let's go 220 No fill in Roku yet trying to get filled at 225 now. I'll just leave it there Roku Don't you come down yet There we go filled at 225 in Roku on a mighty 90 that was the 87 put so for Roku I will wait was that a partial fill I was a partial fill and I got three filled in Roku So did not get a full fill in Roku. I mean I got part of my contracts filled Okay, future is big push down big push up So I'm glad I'm not in a that's my two pushes. I'm kind of looking for that's a bummer on Roku Meta trying to push back up a little bit to watch it That's a real bummer about my Roku here back that I didn't get Filled on all my contracts So I got filled on three. So I'll put it in order to close one of my contracts at 250 it's got filled on the rest of them So now close half of my Roku at 250. Alright, so let's go back to zero DTE See what it looks like. Okay. Let's think things have tightened up a little bit, which is unfortunate So I'm gonna go 4780 calls 4750 puts based on price 50 Oops 750 puts based on Price close to three bucks there premium potentially sitting around 650 man, I need to restart or something because everything is so slow with my analyze tab Okay, so Roku's pushing up so My thinker swims wonky. Okay, so I'm just gonna hold Roku still help tab collect garbage I Will try anything at this point because it's gotten so slow that I can't even put a trade in for the iron condor Collect garbage. Where is collect garbage collect garbage? Set up the systems tab Trying to do three things at once here It's the problem trying to do mighty nineties and runners and zero DT and get my Inker swim going quicker. So probably gonna have to Cut one of my tasks here. So Let's see. I'm in meta. So I'm gonna go ahead and get off here to get some of this stuff worked out and get my zero DT stuff put in Because I want to use today with my trades to help build the course and I'm not doing that right now trying to get us Other stuff figured out trying to just multitasking too much So I got two trades in meta. So if meta gets up above this key level here, I'll close it Otherwise, I'll let it Scale out and Roku if it I'm just waiting for two red bars consecutive and I'll close it. So All right, I'm gonna be live power hours. So I'll see you this afternoon. Talk to you later