 What is up everyone? Happy Wednesday halfway through the week and start of a new month November 1st 2023 And we've got a little bit of green coming in. It's just here in the last hour we've had a spike up in the futures and So we got futures rising ahead of the Fed decision and sounds like There's virtually no chance policy makers will make a move either way on interest rates When the Fed concludes its two-day meeting To which is we'll conclude today. I think drone pal speaks later today but Just doing a little Reading here before I got on it says what investors will watch instead are the signals that come from chair drone pal and the rest of the FOMC committee there that you know where they're leaning towards in the future, so Don't expect any rate changes and we do have some earnings today Morning rookie trader Paypal announces after the market closes Yum, I don't trade yum, but could affect the market to had earnings before market open today and it's down two and three quarters Airbnb after market closes and the biggest one that we trade is Roku Down to fifty nine dollars was up. Oh, when was that? You know, I see October 9th, they were up to seventy two seventy three bucks, so End of July Roku was at ninety seven dollars. So it's coming out quite a bit There is the bell Today we're trading the two days to expiration option chain That opens up plus 33 NASDAQ up 45 and S&P up eight roughly Tesla coming down Other stocks pushing up AMD pushing up had earnings after the market closed yesterday Vicks down one and three-quarter percent down to seventeen dollars and eighty three cents It's on pushing up S&P is up seven So I was looking at okay, so zero DTE I've done some read I went through the reverse iron condor course and then and says One of the criteria is a gap up of more than point two five percent overnight or Before market open and it didn't quite have that so I think I'll be putting on another Zero DTE iron condor like my paper trading account here is up about 19 grand I Was testing some other things in October or so, but definitely had very profitable zero DTE iron condors Figured out exact, but I'm guessing probably 15k or something in paper trading I think it said I'm Experimenting with a few other things was so my account paper trading guys in just Zero DTE iron condors, so that's what Things in there, so should be getting a second red or second bar here We mumble B Looking for some volume here now with this second bar Seeing any volume coming in yet Not seeing really any Volume bars that look like they're gonna no MU and you's got getting a pretty big bar here So that's a potential upside volume runner. Oh uber is already there. I'm gonna watch uber It's kind of it could flip red real easily here where it's at. I'll trade uber a ton Again to DTE. Yes, the uber just flipped red so Pass on that I mean you definitely gonna get there MU I would trade the 68 calls Built at a dollar four So it was kind of aggressive to get in there. Can you just never know if you need to? We're getting down to the last it was in starting the last minute of this bar So I wanted you know, so it looked definitely look like I was gonna finish green So I just jumped in hopefully that pays off Microsoft pushing up. I'll get out a half my MU at a dollar 15. Let me check Microsoft I don't think it got there No, did not So MU the only one really any other signals, so Bumblebee yeah, so I Need to go I started keeping track of like my exact fills and exact profits about halfway through October My account is my paper trading account is up like 19k for October, but there were other trades in there Just on some other things I was just practicing So but I would if I had to guess probably up like 15k and that's doing like four contracts for my zero DTE So whatever buying power that is, you know, and that may or may not be what I do when I live trade I may start off with two contracts Yeah, so SPX. I just been paper trading for Contracts and so I should probably pay more attention as to exactly how much buying power that is but I Think I looked the first time I started and I was like, yeah, I just do for but like I'll look at it again and maybe I Don't know. Maybe I'll start with two. Let's see. I So I still want to go another month at least I told myself three months You know in case you have a down month and I've also for November I started tracking the The zero DTE on a trade tracker. So for example, Steve has this trade tracker that looks like this so It's got tabs and it's like you and you can you can enter in your fills And so these are my fills for my zero DTE. I also put like what time I got filled which I need to do for this one and So I didn't start doing that until About halfway through October. So I'm gonna I'll be able to be more precise on my P&L in November Filled in MU at $1.15 Yep, my boy Trader Jim. So let's look for some mighty 90s Nothing there Nothing there Nothing there are a lot of stair stepping down in volume Had that yesterday. I do coming down Yeah, I will I will for sure That's what came down now trying to rebound here AMD pushing up and I do really coming down Let me take a look at by you or potential mighty 90. Let me look at toss real quick. It's that volume Yeah, it does have a potential mighty 90 Boeing coming down through Lowe's Square potential mighty 90, but it's balanced By the potential mighty 90 I'll close another MU at $1.25 Filled to the $1.25 It's like so they hit send it filled the mess of Maybe could have got more for that, I guess Hey, so by you if it pushes down one more time. I might look at getting long My little mighty 90 see if MU can get through that pivot there by you I would oh wow, they're kind of wide. I do strikes are kind of wide. It is pushing down They would trade the 103 calls build it at $1.89 in by you on the 103 calls and I would close half at 210. Let me trying to get through the pivot there So not a very good fill and by you just and the strikes were wide So that's probably why I don't always like to trade when the strikes were as wide as what they were there But close another MU at $1.35 built at $1.35 to close another MU So that volume runner really Working out at the moment nice Jim. Nice. Why do you pop it up here on that mighty 90? It's a pretty tight range though So for some reason I'm not getting paid like I thought I should thought I would close another MU here Wow Build it at $1.55 So by you popped up and so if it gives me two green bars, I can get out of it I should have gotten out of two more MU's instead of one, but it really popped up for me, which is good Got filled at $1.35. I've been going every 10 cents because that's 10% So I'm gonna go and get out of another MU just because it's gone up 20 cents from a dollar 35 got out of want another one a dollar 55 And again, I have another one at a buck 60 Little buck 59 to shed another so I got six left Anything else shaken? Amazon had a look at a mighty 90 or is that a big volume bar meta had a little mighty 90 short to come down already Ooh Netflix with the mighty 90 Short. Oh Netflix 420 put try to get filled at Six bucks filled at 610. That's the 420 put So nice signal here nice volume pop pushed up a little bit more. I'll get out of half my Netflix at 670 Get out of another MU at a buck 70 Builded a buck 70 MU volume. Oh, man, and you got another big volume bar. I just noticed that If we're two consecutive red bars Missed out Garnet remember it always if you don't get filled to just adjust it by a tick or two Do that? Yeah, you don't have to get my exact fills because I mean honestly a lot of times people get better fills than I do It's probably 50 50, you know, this is price moves can move so quickly at you know, this time of the day It's so by you looks like it's gonna get Second green bar and Netflix it may be may push back up for you too. It's done that before where Pushes up and you can get even a better fill sometimes. I have to add to it When people are getting in for the first time MU with another big volume bar Wow, I have no idea why I've not gotten filled on half my by-do but I'm gonna go ahead and Close my by-do Because I've gotten two green bars now Breakers are wide strikes. I'll see now. It's now. It's come down. That's the one thing. I don't like about You know the wide strikes is because sometimes like you're chasing fills because There I got filled to oh filled it to 208 and by you to close Sometimes it's like your chasing puts. I also got filled at 670 and Netflix to close half But it could be frustrating when it goes against you You know Something goes against you and you can't get out so you like look look at by-do coming down now like I'm glad I finally got out of that because you know, I got my two green bars It's decent winner, but it could have been a lot bigger if I could have got out quicker That's like coming down to loads of day That's correct bumblebee So I look at like meta so meta had this little mighty 90 and now it's getting a second red bar because of these 90 90 green bars, so I you know, you get the exit Amazon to look at Amazon if you count this as a mighty 90 I don't think that bars as big as the first, but I did it in Netflix instead So now I'm waiting for two red bars in Netflix and MU as long as it holds there I'll continue to hold but it comes down much more. I'll just close it out. I got five MUs left started with 20 20 and a dollar four a little over $2,000 of buying power. I have been going a little bit bigger than that, but It's all the bigger that I went On that one so Microsoft pushing up pausing here, you know, it's maybe setting up for an upside continuation runner So I might look into that Stays above this pivot. Let me see here 342.5 calls See if they'll get filled at 375 and you holding Get out of another Netflix at 730 didn't get filled. I thought I was gonna get filled in my Netflix there Ducks did not get filled on my Netflix. It's like a one red bar in Netflix I definitely want to see it come down One more time because I don't want it to be like a continuation upward. No fill on Microsoft Just that Microsoft to 380 and you is holding So I'm holding Build it 377 that 370 and Microsoft. Yes Build it 370 and Microsoft on the 342.5 call So I would close half of that 410 What's the thesis for Microsoft upside continuation runner? So had this push up It's just consolidating not pulling back at all and then want to see it continue higher So emu, you know if I wouldn't be an emu you could play this as an upside volume runner Or maybe it's consolidating as well before it continues to push up Or continuation runner it does have these big volume bars. So I Considered it a I'll see a Microsoft go there. It's just what I was wanting to see Now if it can just fill me and an order at 410 to get filled but it has not filled yet That's cray-cray. There we go filled it. What is up filled at 435 So I had more at 410 and it filled me for 35 Some crazy films today. Oh Roku right now could be a mighty 90. Yes But if it gets as big as the first here this volume bar, then it would be a Downside volume runner. So I've been careful on that one Build it 720 and Netflix. Nice It's like a one Netflix left And I'll be closing it out anyway cuz I'm getting two red bars Who emu come on don't do this emu? Disney getting a big volume bar could be a mighty 90 Although that's getting pretty close to as big as the first I'm gonna close my Netflix filled at 750 So good mighty 90 there Was my last contract after two bars Yeah, so Roku. Let me check toss looks like it's setting up to be a downside volume runner They don't think I'm gonna play it though. Just because it has earnings today all us and Yeah, I'm gonna pass on it. I mean it's real close. It's not as big as the first in toss, but it's close So I'm just gonna pass on Roku So mighty 90 here in Roblox you can see but the but it's not going anywhere Yeah, Disney was I saw Disney I'll actually let me check Disney and think or swim. It's pretty close like Roku Now that bar is as big as the first so I would say Disney's a downside volume runner I'm gonna pass on it though. If emu comes below this pivot. I Will bail on it. Yeah, good. She got a little mighty 90 here. Check out goog in toss toss toss had this second bar as a green bar But yeah, I see that as a mighty 90s. So How about the 126 calls filled at $1.36 for couple green bars there Microsoft not going anywhere All right, Microsoft pushes below this pivot. I will bounce Definitely get a better fill than I got and goog That's what I was talking about. Sometimes you get better Sometimes I get better So emu still staying green here in terms of above this pivot But I'm down to two days to expiration. So you you will start to see a little theta decay And Microsoft coming down. I don't like that. I'll add to my goog if it gets down to like $1.20 Zero DTE iron condor doing Still sitting pretty good Intel pushing JPM has a mighty 90 a little tight range though So stay away from that Goog really coming down It's pretty tight range though Builded a buck 22 to add to goog. So I added to it here had this nice mighty 91 more push down And now I want to see two green bars Tesla Yeah, nothing really nothing really in tesla that I see Disney. Oh man Yeah, disney turned a green bar here. So that's kind of odd That is a big volume bar. Sometimes those big volume bars don't always work out When it's abnormally big So emu Like to see it continue higher here and for goog I would get out a half at a buck 34 My last still is a buck 22 10% is 12 cents So that would be a buck 34 to close half my position I've got a lot of contracts on in goog right now Because of it was a dollar 36 Microsoft Don't do anything in disney though Tight range pretty tight range. You can see that But will be if a volume just the big volume bar that is bigger than the first volume bar need to be this Uh, right out of the gates. Yes, but it that could change like Throughout the morning. So let's just say like um disney for example So it was red. Let's just say it has a couple big green bars Then that would be upside volume. So like uh emu. Let's just say let's say emu's first one was red But then if you know, the market starts getting strong and it gets a couple big green ones Then I would play it as an upside volume runner, but right out of the gates. Yes That makes sense So kind of kind of depends on what the market's doing and if it had a had a you know If it's is it the second big another big green bar a couple consecutive ones And goog's not really pushing up like with the rest of these right now It's kind of hoping it would be Get out of another emu here And a buck 80 Microsoft pushed right back up That's pretty weird how it's just flat lined right there Who getting a big red bar now? I'm sorry big green bar now No, I closed out netflix Builded a buck 34 to get out of half my goog Uh, I got out of netflix because it gave me it was a mighty 90 and it gave me two red bars So if you recall That was a mighty 90 and it gave two red bars. So Bailed on it builded a buck 70 To get out of another emu so just shed another one there It pushed right back up the highs of day So if it looks like it's just gonna get pushed right back down I might just bail on it because it's got Like three contracts left four contracts left Goog so it gives me a second green bar. I will get out of it Microsoft I would get out of another Microsoft at 475 I'm looking meta push up Just gonna close my emu Builded a dollar 58 To close emu so great trade there It has not gone anywhere for a while As you can see I'll test it coming down So I'm in goog I'm in Microsoft both long Get out of some more goog here and I'm gonna get out of two contracts So I don't know you can call it a quarter, but it's not one. It's two because I Added to it and have a lot of contracts on see how much time we got left I was gonna get out of some more but Now let's come back down So I'll wait here because I might just end up closing it out after two green bars Microsoft trying to get through highs of day You see why I got out of the emu it's coming right back down. So it's just flat line right there I mean at some point it might push through highs of day here, but you know that could be Next bar it could be in an hour So Not dealing with the faded decay Especially after it's already got a nice profit and goog May not give me two green bars here Just flipped red Now it's a flip black green So I think I'm gonna get out of goog Regardless here Unless it just starts blowing up here and gets super strong in the last minute But it has struggled a little bit here to push up Meta getting a mighty 90 short if you want to jump in that It'll do the buck 34 to close goog So I guess right where I got rid of half So I just it mean it looks like it wants to roll over. I don't know it may not but I'm just playing the rules on that one just by the looks of the price action I got an order in it To get out of another microsoft at 475 They just got filled at 475 man Futures are really pumping up there. I might yeah, my zero dte iron condor isn't doing the greatest but still holding on Ah, look at goog. You little rat should have gave it one more minute. I'm just following the rules 485. All right. Nice Yeah, it's got it's mighty 90 short. So it looks like it's pushing up So um You could you could add to it Depending on how you position sized up here at the top or wherever this stops pushing But uh, it's pretty good looking mighty 90 especially with this push up. So like Right at the top of this would be time to add to it or get in for the first time Sometimes I like to let these mighty 90s see if they push up one more time For whatever reason it's things are getting looks like they're getting strong We'll get out of another microsoft at 515 Wow, man. Goog really shot up. That's a bummer MU as well shot right back up. Yeah, three microsoft's left That's all I got left S&P up 30 now. Wow Yeah, so meta would be a good spot to get in probably right here at the top of this With this mighty 90 as long as this bar doesn't get as big as the first Build at 515 Get out of another microsoft So you can see that continuation runner on there. It's how microsoft was Pushed up and then it was consolidating Ugh amazon with a mighty 90 short as well I mean, I always hold because I position size to hold But I would you know, I would be position sizing to add to it right here where it's at And then it gives me two red bars and I get out But again, I I don't know if somebody Said something or Kind of shot up there a lot of these stocks Man if I would have held goog on that mighty 90. Whoa, that would have been awesome So I don't know like it's If you position size correctly you should be able to weather it and wait for two red bars, but Especially if you got in right up here at the top for an ad So microsoft actually has a little mighty 90 short as well So I think I'm gonna bounce on my microsoft Build at 535 to close microsoft. I only had two contracts left So But I can tell you this meta is looking good for a mighty 90 short here. I know Yeah, bum will be you got in here and unfortunately it's pushed up against you, but I would think it would give you two red bars I mean, it's gonna give you two red bars at some point See what else is going on here getting close to getting stopped out of my zero dte trade Well, I think I'll take my nice green day and call it a day. It's 9 30 central almost so You I'll be back on friday. So you get steve tomorrow Hope everybody has a great day. Talk to you later peace