 Good morning, everyone happy Monday, Monday, November 6 2023 Everybody had a great weekend. We got stocks up just a little bit Not much thousand 12 points NASDAQ up 27 S&P futures up a little over six points So not enough too big of a gap up this morning Tessals up one and three quarters Roblox up below one and a half Bob up one and a half DK and G up one and a third square up a third of a percent So most stocks flat to in the green the VIX is up two and three quarters percent So just something to keep an eye on here is we've got some stocks in the green and Vixen green Bell is rung so we're off and running Last week was a pretty good week for the indices. We'll see if they Continue here March upward Dow up 76 points NASDAQ up 47 S&P up 12 S&P pushed up quite a bit out of the gates morning mum will be I'm gonna look at a Zero DTE iron condor here in a little bit. I'm gonna give it a little bit time here Vix up almost three percent now. So I'm not not convinced things are gonna continue upward as a definite push out of the box, but Coming down here a little bit now it getting kind of a mixture of Red and green bars here for these first ones getting our second bar here. So we'll look for some volume for Upside or downside for a volume runner Apple pushing up Boeing coming down Well, two little two-way action going on here Boeing getting some volume potential Downside volume runner here. It's really all I'm seeing kind of at the moment here now Boeing flipped. So Square flipped as well It's getting close Apple pushing up Video pushing up. So don't see any volume runners out of the gates here that I like Bobble was close to the downside, but it's gonna be patient here Yeah, we are trading the Ford DTE today. It's correct. Yeah, we we want them in the same one to be same color So looking for some mighty 90s here Just not seeing much Amazon getting a potential mighty 90 But actually that bars Gonna get as big as the first so Not gonna be a mighty 90 M you potential mighty 90 long So Amazon getting a big boy volume bar to the upside But take a look at an M you long here and you I would trade the 72 calls trying to get filled at Buck 30 Little the buck 34 in the 72 calls So look for two green bars in a row Coming down a little bit. So Definitely could get a better fill than I got AMD No, I mean about that bars bigger than the first but look what price is doing. It's just it's not moving anywhere, so Downside volume runner like to see a push down with another, you know, then another push down with a big bar This is down up down up PayPal mighty 90 long for sure. I would add to my MU at $1 20. So I'm gonna look at a PayPal mighty 90 here 55 calls and PayPal trying to get filled at a buck 20 bill to the buck 20 Mighty 90 in PayPal and I'm gonna add to my MU. It's coming down below where I wanted to add something. Go ahead and add right now Little to buck 17 To add to MU Amazon Getting some conflicting volume there Vicks up over 3% now by doing Bob a fallen Apple though pushing up So looking for two consecutive green bars in MU and PayPal some long both those Like to see a nice little two bar push up here in MU Every all the industry still in the green the dows kind of flipping back and forth though and Apple stands strong Microsoft kind of setting up like an upside continuation runner you can see push up hasn't moved much Well, it will it break through to see We keep my eye on it and you I have an order in at $1.34 To close half might lower that here. Yeah, I'm gonna lower it to $1.30 close half Since I added to it. Hey, I'm not really going anywhere Though not much not much action right now. It's a couple mighty 90s So far or it looks like Me wants to give us a green bar here. How much else going on? Yeah, so looks like MU is gonna give us one Green bar PayPal coming down Keep my eye on that. That could be a potential Add in that as well Nothing else shaking. I'm gonna add to my PayPal if it comes down anymore We're in order in at $1.08 to add I do That would be a downside volume runner actually because that bars as big as the first But it got it got a green bar that it's popped up above there already. So it would be a no trade for me on that one Build it a dollar eight to add to PayPal Microsoft not moving at all, man And you gives us two green bars be able to get out here build it a buck 30 close half my MU at a kid I'll get out half my PayPal at a buck 20 much else going on for unfortunately in Microsoft Just not moving. That's a 356 dollar stock It's not moving. So I'm gonna close out my MU So I'm getting two green bars got about 30 seconds left here build a dollar 35 to close MU So nice mighty 90 nice add two green bars Winning trade now if PayPal would do that same thing and be much bludged Pretty tight range today and a lot of these. I was really looking at a upside Continuation runner in Microsoft, but man, it just hasn't come down any it's just not moving I mean it might break out here, but I would want to get a way better fill than where it's at now But since the initial fight the first five minutes ten minutes into the open. It's really a Pretty muted price movement Now look at MU you should left a little on for that. I do have a Zero DTE iron condor on that's looking good so far About ready to close out 20% nice We paper trade you you can do you can go a lot bigger, you know when it's paper trading I'm most likely when I start trading real money. I'll I will be a Trade for contracts now when I do I guarantee I won't start with four contracts Probably when I do real money, I probably start with like to build a buck 20 PayPal Hey, look at that It's a little push up there. Oh, right blockchain taking off Although I guess that's a pretty tight range the bar just makes it look big Ooh now look at Microsoft coming down a little bit folks. Okay, so the question is Do I want to look at upside? Continuation here with a push up Consolidation here. I'll jump in a little bit Microsoft here pretty low risk because it comes down below this consolidation I would bail 355 calls Built at 375 So if it comes down below this consolidation point, then I would bail on it Disney getting a little mighty 90 short, but it's pulled back already and has a real tight range I would close half of my Microsoft at 415 Airbnb with a big red bar built at 415 and Microsoft So you can see it's a good learning lesson if you're new So I wanted it to come down to get the better fill So I when I saw it, you know come down towards the bottom of this consolidation I that's when I Got in if I wouldn't have gotten it or if I would have gotten in when it was up here But it went against me and now I'd be back to about even but since I waited for it to come down I was able to already get out of half that's the That's why you want to really You know sometimes be patient on your fills and if you miss it you miss it. Yeah, so You know, I could have gotten in like any time this was in this consolidation up here But I waited and when it pushed down below push down and had a you know Reasonable push down with a red bar down towards the bottom of this consolidation That's when I got in if I would have gotten in up here Well when it came down it would have went against me and then it popped back up it would have been right about where I entered But because I waited for it to come down more before entering when it did pop up I got was able to get out of half Otherwise I would be otherwise, you know, I would be I would it would have been negative and then it would have popped back up and I would have been You know pretty much even if I would have gotten in too soon or when it was up here So, you know, I will close another one right now Filled at 455 to close a quarter of Microsoft See now it's trying to bust out of that Let's paypal do it. Ah I thought I was gonna give us a green bar. Yes. He Disney's got a nice mighty 90 in terms of volume, but it's already come down It's just such a tight range There are a lot of stocks that are really going nowhere just chopping Coinbase potential big green bar. Pull this over. Here's my Here's what my zero DTE looks like So still setting right there and then pretty much a little left of center So setting pretty good right now. I love that Theta decay helps helps you so so quickly there and in those trades They're still up 3% Nasdaq down 20. I'm sorry down 20 Nasdaq up 27 Yep. Yep go with 20 deltas and then 50 points wide on the regular iron condors Amazon's kind of got that consolidation going on like Microsoft did So again, here's another so if I was to jump in now and then it came down to the bottom of the Consolidation it it would put me in the negative right out of the gates and And if I if I got in now and it came down and I'd be negative and then let's say it popped back up Then it puts me back to where I got in so I'm not profitable So that's why you don't want to you don't want to jump in when it is where it's at right now And if it if it blows up through highs of day, you know, you just missed it. I mean you're missing it So that's is what it is. Um PayPal still just Not not doing much PayPal no green bars at all from it So you would think we're due for some green bars here PayPal Oscar really firing up so PayPal Not going well for a mighty 90 getting hammered in PayPal at the moment Not freaking out Not looking at my p&l S&P did come down through lows of day though. No bueno Things have been strong. They were strong last week S&P had a Really good week last week. So We had to wonder if it was gonna you were gonna see some type of Pullback that really hasn't been many many signals to the downside today really Hasn't been many signals all honestly. Yeah, you know, I looked I looked to see when earnings were and There was no earnings recently So here's a situation like if this bar gets bigger than the first it turns into a downside volume runner. So then I'm bailing on it if it if this bar is bigger than the first because it turns into it That's what we had we've had that a couple times here recently Peek at toss to see what it looks like over there Not as big as the first It's not going to be as big as the first so It's not it's it's actually another it's another mighty 90 signals what it is You know, also, I just noticed this But the volume pop in PayPal is a lot better in orion than it is Think or swim. I doubt I would have taken it If I would have saw this think or swim volume, I'll show you The screenshot in here real quick Okay, so you can kind of see here like yeah, it's a little bit bigger, but I ended up getting in right here where this It pushed down Added to it down here, but you know, that's not a big volume separation I don't really you don't usually take those mighty 90s when it looks like that Not not not in think or swim Oh and tasty it was okay Yeah, I mean it's you can just look at the difference here between orion I've got them both pulled up now Orion and think or swim definitely looks good and orion does not look have that separation and even look at the The third bar in think or swim is bigger than the previous but it's not in orion so If I see differences like that, I'm usually not taking that trade This is what it is. I guess So microsoft popping back up So hopefully hopefully paypal I can get out You know, it can give us a couple green bars get out for a a small loss Rather than a big loss And meta is nothing but chop Honestly, this this this paypal mighty 90 here. Let's see. Where's that? Here it looks a lot better in think or swim than The first one. Oh amd had a mighty 92. I didn't notice And it's getting a green bar Yeah, real real nice looking mighty 90 there in amd probably would have gotten in on that one Yeah, I saw piton. It's just that stock man that poor stock $4.92 Used to used to trade piton all the time when we started these strategies Okay, so microsoft pushing back up. I do have a few contracts in microsoft. They'll play can Continue upward and I can scale out of those amazon see it's uh It's kind of similar to microsoft where, you know, if you could have gotten in down here and then it popped back up here push up consolidation Sometimes I should talk less probably and look for signals More definitely missed a couple there looks like Paypal is going to give us one green bar real close to getting filled on 20 of my iron condor zero dte I got filled at 675 I got an order at 540 to close half All right paypal's giving them one green bar can it give us two Meta pushing highs of day D would have been a good mighty 90 and if paypal It's looking like it's probably gonna Push through lows. I may have to just cut it. I don't know. It's like Nope there. I got fill at 540 on my zero dte Easily always wait for two green bars But like I said, I probably wouldn't wouldn't have taken paypal thought of seeing the volume in thinkorswim So paypal holding The order to get out of another 20 percent of my zero dte iron condor at four bucks So no second green bar out of paypal Not a lot of good movement here Look at bowing bouncing all the way back. It's kind of what I wish paypal would do but Not looking good so Still gonna still gonna try to wait for two green bars consecutive here You know not not not not much uh action in terms of other signals Walmart flirting with highs of day And yeah, that mighty 90 and amd would have been really nice Remuted price movement on a monday honestly Yeah, exactly. That's why I'm still holding there honestly It's got it's it's had two mighty 90 longs really. I don't know sometimes Sometimes you run in this You know something like this where it gives Pretty good signals, but for whatever reason it's just Doesn't do what it's supposed to do something something I've done in the past is You know when this happens and I know I'm getting getting down quite a bit here in the mighty 90 because for whatever reason it's just not Getting two consecutive bars in the direction I need Sometimes some things I've done is when I've gotten a good second mighty 90 like this is I add a completely new position with new strikes Take a look at that so for example Like the 54 calls would be A completely new position and I would I would really be playing this um The second mighty 90 which you know looks pretty good based on the volume And it looks really good in Thinker swing as well. I'm gonna kind of see how this last Minute goes with paypal. I'm gonna add a position at 54 calls Fill the buck 40 And if you're not in paypal and you want to get in paypal for the first time, you know, that's a good spot to get in So if it pushes up and we get two consecutive green bars, then I'll just close out both positions I mean at some point it's gonna get two green bars. It's just Don't know when I mean here's the thing like crazy part is is All the indices are green except the russell I would close half of my uh, the 54 calls in paypal at $1.55 Walmart pushing through highs of day Yeah, bumblebee Well, microsoft Popping back up. Oh man. Look at meta pushing through highs now Roku is another one. It's staying weak. Although roku was up pretty big last week after earnings So some people might be Selling off profits or you're taking the profits It's 9 30. I don't central. I don't think I'm gonna take any other trades. So if here's what I'm gonna do I've got a few contracts and microsoft left. If it breaks below this um consolidation, I'll get out And then I'm just gonna wait for two green bars consecutive green bars and paypal. I mean It's gonna happen at some point So I will be back tomorrow. So everybody have a great rest of your day and I'll see you tomorrow peace