 Almost time for the bell How many options will you sell? Fire up your platform Get ready to enter But first let's get the mindset centered Let's pray to have success Find what works for you And forget the rest Stats and probabilities is what we're about Time to dismiss greed and doubt Focus on the process Not the money and the profits Will flow like honey Power our lives Let's start the show Come on trade hackers Get ready to go Zero-day options Time to make bank Get locked and loaded Then be ready to play I'm gonna do the same thing I did yesterday Just tiny position size So with that let me I'm gonna adjust my bots here Trunch one normal day I'll do two Trunch two normal day I'll do three Trunch three normal day I'll do one Bots are locked and loaded for some low premium baby Everything else is going good today Had a JSP's right out of the gate hit 50% for about 1600 My AM ratio basically a scratch plus 80 bucks I had a re-entry that hit 90% The other half hit 50 Quiet lunch hit 50% And I'm in a PM iron condor that's currently up 43% And my profit target on that one's 50 So my bot profits today a little over 9700 so far Hopefully power hour can take us home add a little bit to it Instead of taking it away like it did yesterday Yeah, Trunch one will definitely go inverted here Got about a minute for Trunch one kicks in My PM iron condor if you can get a little tiny push higher Should hit 50% here pretty soon It's currently at 44% I turned on my re-entries right after I got closed out on my AM iron condor Just took one Trunch just got out of my my last one just hit 90% Just a couple minutes ago Trunch one filled at 845 inverted on the 6570s 6570s at 2080 you must be doing a ratio Krish My six sevens about ready to hit 20% I've got an order posted in the calendar channel Got an order at 785 to close half That looks to be hitting pretty soon here It might be about five cents away Also added a one three earlier today that one's up a couple percent Added a two four or not today I have a two four it's about 7% And then my three four from yesterday is up about four percent Added a new time fly today with the diagonal and the fly That time of entry Just got filled on my six seven at 785 for 20% closed half Six seven posted that in the calendar channel Real-time data feed for stock prices in Bitcoin Not I mean trading view Are you looking for if you say Bloomberg I assume maybe you're not talking about charting Oh yeah trading view is real-time free If you don't want any of the bells and whistles Yep it's got it's got an API Speaking of Bitcoin that was the only future straight I took today It's good for a little over 2k Got in pre-market about 40 minutes before the market opened and wrote it all the way up Bud volatility and gold coming in a little bit Not quite back to even on our gold strangle but It's calmed down a bit No decay yet That's part of the problem with going inverted as well you're in the money So the decay doesn't happen quite as fast Trading naked it's really just price action I'm in the process of kind of putting together notes And I'll be recording some videos or It may end up being a full class on what I'm doing But it's a high level overview as I'm just looking at the daily charts Looking for price action that I think there's a High probability chance that it's either going up or down Then I go down to the 5 minute chart find an entry I try to put my stop at a place where If it goes there that means my thesis was wrong And then I just try to manage it Sometimes I'll scale in and out but you know like today I just kind of let it road Let it ride and a V slap today was V pop If it's going up it's V pop if I'm shorting it it's V slap Maro what you would have to do is just set up An extra bot to go at the money And then right before power hour you'd have to flip that one on And then you could have the bot manage it that way but just as it is Just searching you know Searching for the closest to a certain amount of premium then it won't You can't have it do a straddle instead of going inverted Automatically I knew it to just sit here for another few minutes to hit my 50% Yep exactly Maro I hope Option Omega comes out with their Auto trading that would be pretty cool They would definitely have all the filters exactly like they have it in OO Flip the switch Matt and Rusty if you're listening that's what we want Both of those are going to happen and we'll have some choices Yeah I don't get the whole no filters thing That kind of I mean what does that do for you Option Alpha does not have they don't allow trading on SPX For whatever reason so that's a Automatic no go on that one I assume they will I don't know what Why or what the hold up would be on that front but I don't mind trading naked those are just in my head Yeah Option Omega is not close but They are exploring it Beta come in where are you 48% need a couple more My PM iron condor will be bounced Maro would you think of the did you watch the little video with that Time fly alert would you think about that Or anybody wish I would have had that structure in that big Rally from here to here would have been a lot better than what we experienced Yeah sure would have been Yeah I was posted earlier today PT and there goes my PM iron condor hit 50% she gone now it's all power hour Yeah we just for that December 8 one Just a little down move we definitely just need Price to stay here or move lower preferably move lower You minutes until Tronch 2 yeah exactly Maro Fixed down about 1% hovering right under 13 S&P's pretty much unchanged now Nasdaq slightly green Russell's down over 1% so it's been the strongest Showing a little weakness today old flat silver Back down 1.5% Big move up in bonds again 10 year yield down 2.5% 10 year yield under 4.2 look at that pushed above 5 in early October mid October back down to 4.177 Oil continues lower Natty gas was up Earlier now down now up only about 1% Red Bitcoin up another 4.5% Tronch 2 looks like it'll be the 70 straddle should start trying to get filled right About now yep 70 straddle filled At 485 so Tronch 1 I'm looking for 505 to reduce my stop Tronch 2 I'm looking for 290 which for a straddle Get to 290 we're gonna be getting close to the end We have a nice calm market on close imbalance today Or tomorrow tomorrow is Wednesday December 6th We've got ADP non-farm employment change pre-market And that's about it uh oh Chris said the VIX is getting ready to go up Is that your crystal ball? The crystal ball The crystal ball I like it that might stick I mean if you keep saying the market's gonna crash then eventually You're gonna be right Chris even a clock's right twice a day you know You then you can call yourself an economist you might even get on CNBC Alright what else we got going today Did you guys do anything else fun today We had an expected move a plus or minus about 20 today Not about a 26 point range by the way did you guys see my Question to trade steward in the trade steward channel If any of you all trade the JSP's like I do My question was so here's the here's the first 5 minute bar In SPX SPX opened at 57.25 The high of this bar was 57.39 which would not qualify For the JSP's triggering because it's gotta move 0.05% Above the open but my JSP's did get triggered in trade steward So what he mentioned was that the opening Price that they have to use is about 5 seconds After the real SPX open and so that's why it got triggered FY dark avenger the futures trading It's not it's definitely not gonna be alerts I mean there's a lot of discretion to it so it's You know it's just not something plus it's you know there's a lot of times where I'm scaling In and out it's just not something either capacity or really the desire to do But I'm gonna I'm gonna teach you exactly the way that I kind of Think about it and then you know maybe what I'll do Is in my morning positions and updates because that's typically when I'm looking At them I usually put that out and then I start looking at the futures and deciding If there's a potential opportunity and And so maybe I'll post there as far as kind of the You know a lot of times it's one or two symbols that I'm looking at So kind of post there give you a heads up of kind of what I'm eyeballing. Yeah Cosmo for me that trunch three For a normal day like today is a two to one yep Dead Sember I'm not familiar with that Meach tell me more Alright maybe I'll get on that train with you got some Got some dumbbells I can bring from the house to the office Push ups and pull ups and then what's January Don't tell me dry January My teeth are what ratio do you do I've got the Let's see I think they go up to The ones that adjust the weight I think they go up to like Want to say like 90 pounds each trunch two and two minutes Excuse me trunch three and two minutes yeah I mean I know it's not okay for you Meach I'm just you know I'm not I'm not at Meach's level day one tug life I like this is that on a Twitter or Instagram Where'd you get that I'll check it out oh yeah you're not messing around I'm done lifting heavy I'm just you know I'm getting old Not a young spry chicken like you Meach I like I like lifting but I just I don't like being sore every day you know When I lift I just I'm constantly sore when I was working with a personal trainer For about a year it's like every single day I'm sore Like I don't I don't really like that not anymore anyway Alright here comes trunch three build it 665 and that's on the 70 straddle I mean the soreness definitely Lessons as you go on but there's also muscles that Even if you're consistently working out there's always muscles you're not working And so there's always a way to get get sore at least that's what happened to me I could never never managed to go without being sore There for a while or I could go down to my office gym my condo gym Here do some deadlifts I got plenty of weight down there SPX hanging around 60 45 69 70s the sweet spot and then like quiet lunch And deadlifts it's a good combo good combo My excuse for Not working out as consistently as zero DTE It's like once I started trading zero DTE I felt like I had to be in front of my screen more I you know made the excuse to myself I can't I can't leave the screen to go work out because of this position You know there's always a good excuse in there somewhere But if trade steward gets trailing stops I may be out of excuses what time is it there tomorrow Opens at 3 30 p.m. So it's almost 10 p.m. there huh 9 30 huh that would be interesting that would be an interesting dynamic I just I just check it every so often Chris usually I mean if it's moved a buck is kind of what I've been doing or buck or more I just trail it at even dollar amount so I see it's moved a buck in my favor I'll move it down a buck no three Ali is me each I don't have an excuse but that's been my internal subconscious mental excuse I'm getting back on the train working through my working through my laziness that I got myself into yeah I played around with that a little bit dick K definitely found some that did better but some did not that I still trade but that is that is nice dig a little deeper on some of those alright so we got trunch one is up about 15% trunch twos up about 18% trunch threes up about 5% so far I need 40% on trunch one and two to reduce my stop I got filled on mine at 785 Chris already posted it closed half of mine I'll close the remaining half tomorrow morning I'm not sure if you have the same strikes or not but I'm on the 50s 4550s and 4630 the only one that hasn't performed for me all year is really the TGIF most the back test ones have been very consistent all year I just sized up my double calendars for December I just think in this low low ball environment every little push and volatility will help them I guess I should say I just added I added more exposure my size didn't necessarily change that much I just you know like on the 6-7 usually if I did a 6-7 on Friday I wouldn't add the 3-4 on Monday because it's the same cycle but I did both doing some more overlapping ones where I used to be a little bit more selective I still above 68 kind of chopping between 68 and 70 early market on close and balance 197 197 million sell side we got there 4-5 on a Friday 15 delta out the diagonal some serious consistency going on there dig into that a little bit more I might add that to my Friday repertoire alright there you go just had to get that on my sheet my next month trade plan things to look at discount I don't have a minimum cagger I just look at all the metrics and decide if I don't have a minimum for anything I just look at them all and decide if it's a good fit and I usually kind of trade it for a little bit see if I want to permanently add it and then go from there I would say I definitely give the most importance to cagger so far so good trunche 1's up 22% trunche 1's up 22% trunche 2's up 23% trunche 3 is slightly green we do December 13th so that's next week next Wednesday Jerome and his pals hit the stand we've also got CPI on Tuesday and PPI Wednesday morning CPI pre-market Tuesday PPI pre-market Wednesday FOMC Wednesday afternoon followed up by retail sales and unemployment on Wednesday a lot of red a lot of red on the calendar next week less than 19 minutes till the bell now I use the same closing rules and I'll do profit targets in power hour and come on profit targets are for people like Krish alright let's just stick it out right here boys and girls don't see any upcoming bond auctions there's a four week bill auction on Friday bumblebee there's not really much information about inverted it just means that the puts are higher strike than the calls so when you get low premiums you know with power hour obviously towards the end of the day premiums are dwindling anyway and with low with low IV where the premiums are small you know if we have a specific premium that we're targeting for each trunche on each side and we call it inverted when the puts are a higher strike than the calls on that specific premium that we're targeting we'll push down around 65 what did you have a 65 trunche straddle morrow pushing down below 65 trunche two is trading at 530 my stops at 785 trunche three is trading at 1020 stops at 1265 trunche one is still up 20% but I'm going to need a little bounce help here hey Jose do me a favor because I don't monitor the zoom chat I just saw it pop up this stuff is in the zero live chat channel in discord to answer your question where could I get the link to know how to do a stop loss and profit taking order and toss yeah so check out the zero DTE course channel and you'll see the the toss templates if you're if you're if the toss templates is a little bit too much for you if you're just looking for basics like how do I set a limit order how do I set a stop to the learning center on thinkorswim's website I think it's TLC for the learning center TLC dot thinkorswim.com there's all kinds of videos on kind of the basic orders that you can do on it who knew Tim was a trainer now too that's what he's doing he's not back testing ooh look at this bounce coming in are we getting ready for the final market on close imbalance number first three or one 97 million sell side let's see where the final number comes in in about 90 seconds meet your little vocal today did they would they they let you out of your cage today what happened he's fired up from all the deadlifts good and the final market on close imbalance number is two billion sell side so another couple billion not much of a reaction trunch one is now up 30% trunch twos up 30% might actually get to reduce a stop here if we get a little bit more of a bounce so trunch one I'll reduce down to 805 so that'd be minus 35 minus 40 excuse me minus 0.40 trunch two I'll be reducing to 490 plus 0.5 looking for 505 on trunch one and 290 on trunch two gonna need a little bounce started to coming back down that's below 65 there we go pop back up six minutes to go getting close to exit time we can get a little bounce here in the next minute I will be starting to close once we hit five minutes till prefer a little bounce first that's not the right way so I'm gonna start with trunch one there's a little bounce filled at 605 for trunch one so that'll be a little winner open for another little bounce maybe closing trunch number two filled at 545 that'll be a small loss trunch three a little bounce is gonna be a little loss as well see if it wants to do something nice for me today a little bounce above 66 close trunch three filled at 1055 so here's how I ended up so plus 480 for trunch one minus 180 for trunch two minus 390 for trunch three so down a couple was that a couple hundred bucks so another kind of meh power hour but again the rest of the day was awesome no losers on the rest of the day so zero DTE plus 10,110 for the day alright my friends so tomorrow is what is tomorrow tomorrow is Wednesday the 6th Chad will be streaming in the market open and I will be back for power hour alright all have a good evening talk to you soon