 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 decay Get your day planned out to be at your best And you gotta make sure you got the right back test Swipe the sleep away, make sure you're awake Cause we don't have time for fat finger mistakes And ratio condos will pay the bills But you gotta be quick to get those bills Your pocket's thick, if that market gap's up Look for Uncle Rick, small gap down Means it's time for a dot on everybody We know why we came here today Now let's get to it What's up everybody, welcome to Zero DTE Live Stream on a Monday, September 11th September 11th I did not realize I'm gonna have to get a moment of silence here before the bell Alright Welcome, welcome everyone S&Ps up 25 NASDAQ up 123 Russell up 10 Dow up 107 So with this With this move up, the only thing setting up for me at the open would be an AM ratio Iron Condor So on my Mondays I don't have a Gap Filter or a Vix Filter, so That is what I will be playing Dick K. Special in about an hour from now And because of the It looks like SPX is gonna gap up over a half percent Quiet, lunch would be out So then it would just be Power Hour from there Alright, before the bell Moment of Silence I'm gonna stay quiet for a minute I just did not even I actually Was at a sporting event And they did a moment of silence for it This weekend, but I totally forgot This morning was September 11th Shout out to all affected By that Travesty Got a minute until the bell So my first order of business Is will be buying the longs Also got some 3-5 and 3-6 DTE double calendars that will come off I'll take care of those After I get filled on my zero DTE stuff There's the opening bell Filled on my longs Filled at 2240 My call strike With the market pushing up My call strike ended up being $44.95 Puts at $44.75 So I was gonna enter now I would have chosen one strike higher On the call side Is the market pushed up But I'm in So now I'm gonna Get out of my 3-5 And 3-6 Double calendar I used the same strike So it's kind of a mess So let's see how I want to do this So my 9-11 Sorry guys I got overlap strikes On my 3-6 And 3-5 So I'm trying to make sure I Do it correctly here On my exits So this will be my 3-5 Meanwhile SPX keeps pushing higher Filled at 1260 On my 3-5 3-5 and 3-6 It's been really solid But with this big gap up Both of those will be End up being losers Okay so I'm out of those So Being a Monday obviously VIX is up even though VIX futures are down VIX hanging right around 14 SPX now at 27 16 Nothing else really moving Gold and silver A little bit higher Let's check on some other positions here I've got a TGIF In SPX Pretty much a break even at this point Got a strangle in the Euro That's doing good with this little bounce Got a short strangle in oil That's up a tiny bit Reverse hedgehog and gold That likes the up move Got two short strangles One with 67 DTE And that one's close to hitting profit target After adjustments Trading at about 45-75 I think I need 44 Let me double check that Yeah if I can get out of that one At 44 or less That would hit profit target So give that a little bit more time QQQ duck And we've also got a Fly that's in Adjustment territory So I don't like to do those Right out of the gate Let's see where things kind of shake out a little bit SPX just reversed First five minute bar Is anybody else doing anything Besides the AM ratio Obviously with a gap up No duck No JSP's No Rick because VIX even though the market gap VIX is up Doesn't do well on Monday's Rules doing an unbalanced Fly Are you and Rick? Oh 950 Maybe entering soon Based on gap up Alright I like it It's not part of my plan so I'm not going to take it But I'm picking up what you're putting down Vegas Michelle doing a little Multiple entry Looks like it's not shared Michelle says it's Unshared So open trades at 1045 And 1115 Looking for $1.30 Credit on each side 50 wide Looks pretty steady I like it Let me bring that down on the screen here Looking at it without you guys Seeing it but This is the link that Vegas Michelle just posted So this is every Monday Opening trades at 1045 And 1115 So you're going pretty wide So See what that equates to right now Which you wouldn't be entering now anyway But oh yeah You'd be entering in about an hour So right now Those premiums would be equivalent to about The 10 delta 1016 delta 4500 4505 On the call side Maybe the 4550 4555 on the puts 1 to 1 ratio Very interesting SPX breaking below The first 5 minute bar Let's see the expected move today It's showing 17 Wow it's pretty low It was probably 18 Or so at the open 81 3 9 Yeah that's one of the Lower expected moves For a day that I've seen in a while Usually were At least 19 Let's see did anyone catch what it was Before the open Chris usually posts it 18.4 Yeah that's low Price trading down near the Put strike for me Which is the 4475 So today nothing Tomorrow nothing Wednesday pre-market CPI Thursday pre-market PPI Friday pre-market Empire state manufacturing And after the bell Consumer sentiment So the high of Friday was about 4473 So we're getting close to Friday's high I'm going to go ahead and put in an order At 44 on that Yes short strangle It's going to need more More contraction to hit Just put it in there Well my friends I think we'll make this A little short morning Unless anybody has any questions Or topics The only other thing that I'll be getting in Is a DKS special That's in another 30 minutes Plus I don't have a bounce song But it looks like it's trying To get us off yesterday's high For the moment As far as the live stream schedule This week So Chad will be in here in the morning Tomorrow and Wednesday And then there'll be no No morning live stream Thursday or Friday For either Chad or myself But As always we will be doing power hour Every day Alright my friends have a good rest of your day And we will catch you at power hour Cheers