 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 trade it, 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 more trade hackers Get ready for options, time to make bank Get locked and loaded, then be ready to play Gains, soybean slightly green, weed up 2%, corn up almost 1%, euro and the pound Slightly red, bitcoin down about a quarter of a percent Vicks, 12.88, got a low of 12.79 at its lowest point today So for Trunch 1, we're over 7 bucks Which is kind of what my cutoff was But if it's in between strikes, it's going to go inverted So I think what I'll do I had lowered my size to half position size And I think I'll keep it there Yeah, I'm just going to go half position size today Most likely we're going to go inverted here, it looks like Trunch 1, we'll kick in at 56.30 56 minutes and 30 seconds Yeah, if I was doing it manual and it was right at the strikes I'd probably do full size straddle But I'm just going to let the bot do it I'm just going to go half size on all three tranches So for today, start from the beginning So I had this test trade I'm doing on an O2 DTE double calendar That was a winner, I'm just testing that still My one DTE got smoked out That was minus 3200, my AM Tuesday It was a small profit, that's the early exit I had a re-entry loser I had a couple of re-entries that I ended up taking off Just because I used those a little bit more discretionary And other positions were coming on Or if it was kind of pushing towards the edge And another position coming on, I just took it off So that was kind of a scratch DKS at 40% Another re-entry Took off for about a 22% Another re-entry took off for 50% My PM Iron Condor Is currently the only position I have on And it is up about 40% So all in all for zero DTE Currently up about 2,800 Going into the hour of power Put on a one, two DTE double calendar That one's underwater by about 5% currently Also got a 2,4 from Monday That's down about 7%, my 5,7 is down about 3% I've also got a 2,3 That is down a little bit I'll take that off tomorrow I've also got a 3,4 That is currently just under the call strike Down The calendar started off so strong this week And I've kind of petered out My PM Iron Condor will come off at 50% It's currently at 43% So I'm getting close I just need to hang around right about here For about, I don't know, probably 10 minutes Yeah Cody, so my re-entry I just so like I had a My one DTE and my AM Zero DTE trade, those went on at the open And so you can see as soon as my AM trade came off I turned on my re-entry bot So I got into those at 10.03 PM Eastern, 9.03 Central I just didn't, I wanted to wait until I was out of that Before I turned those on So it's just amount of exposure I wanted to have on And then a couple of times When I closed them early it was because My DKS was on It was starting to feel some pressure So it's just reducing exposure And adding exposure as I want Alright, Tranche 1 came in at the 55 puts, 50 calls, so inverted for 9.80 Yeah, if I was going manually I probably would have went the 55 straddle as well Be more trader So today is Tuesday So tomorrow looks like there's a 10-year bond auction That Forex Factory calendar Anyways, given a little bit more weight too It's given it an orange instead of yellow So that's at noon Central FOMC member at 2.15 Central And then of course pre-market Thursday, CPI, pre-market Friday, PPI My PMI condor is getting close to getting filled at 50% Just need a tiny bit more decay It's at 49% Yeah, Cody, I have. I've looked at Instead of doing a ratio Doing 5-dollar puts, 3-dollar calls Also 6-dollar puts, 4-dollar calls What you'll notice, what I've noticed Is that a lot of times from a back-testing perspective If you're just doing a percentage Of your account As far as your allocation goes You can see they're somewhat similar But what I've found is When you add in profit targets And you start adjusting the trade More in line with how you'll actually trade it And fix number of contracts Then the ratios typically perform a little bit better But if for some reason you can't do ratios Whether it's a buying power issue Or a broker issue or whatever Using a heavier priced put Versus a call or vice versa If you're going heavy on the call side That works pretty well In fact, that's what I do on my DKS, my Modified Dick K Special I use a 5 and a 3 And I go 1-to-1 as far as the ratio goes I'm looking for $10.60 on my PM iron condor It's currently trading at $11.30 So a little pause right here Should take that out Yeah, for sure, Maro I mean, even on 2-to-1 I mean, you could do $6 $6 puts versus $3 calls It's going to get you somewhat close Filled on my PM for 50% That's a nice win Well, for... Yeah, you wouldn't be able to do that You might have to do $4, $2 But for like AM trades Potentially could be like a 6-3 Or something like that Wally World, how are you determining Max-min market moves up or down As well as the overnight VIX To enter your trades So if you look in the ZeroDTE course channel One of our members, Atenra Put together a Little shared toss link And then it'll put it on your chart like this So it'll show the overnight gap And then if you have your chart on VIX It'll show how much the VIX Gapped up or down like today Gapped up 2.22% And then it'll also show you The intraday moves from the open So if you have toss, you can do that And then the other one here That I have this yellow dotted line That's just the expected move So at the beginning of the day If you look at the zero day options Over here you'll see a plus minus number That's the expected move for the day So if you look at the one date For example, so between now And the end of day tomorrow There's an expected move Or one standard deviation move Of plus or minus a little under 23 And so I just plot that On my chart And white tiger Let's see, did I put that in the zero DTE course? I don't think I did One of our other members, white tiger Created a little script So it's easy so I can just go in At the beginning of each day And there's an expected move So I can just hit my settings Like today it was 18.9 So I just type that in And then it plots it on my chart So today's upside expected move 47.60 A little over 47.60 Downside 47.23 Yeah, Cosmo I don't know if you were on here at the beginning But I was mentioning those are I kind of use those a little bit More discretionary So usually at the beginning of the day I have those turned off And then like today As soon as I got out of my AM ratio My Tuesday early exit one I flipped them on so they turned on So I really am just using them To either You know get more exposure Or I also today closed them out Closed one out early Because I had another trade Like I had my PM iron condor come on And I was like it was basically the same strikes So I just closed out My reentry one And just booked a tiny profit on it So I'm really just using those A little bit more discretionary Add and remove exposure As I see fit Nothing too mechanical with those Let's see, so I got into my Tronche one at 980 I'll reduce my stop At 590 for Tronche one Inload decay coming in for Tronche one It's currently up About 9% SPX coming down Back down to 50 I did do a little futures trading today Up a little over 4000 On ES Primarily I I got I got long Let's see my first entry was About About an hour after the market opened I was looking at the daily chart And it started Looking at the price action compared to yesterday's Big move and Started to get strong so I got long Kind of scaled out and my My goal was to get out As we approached the upside expected Move, so that's where I got out Right when we hit that And then we when we had that little bond Auction Or note auction or whatever it was And we spiked up and then reversed right back Down I got short So I captured a little bit of that And then I took a little Position on Bitcoin it looked like it Wanted to kind of continue higher with All the news around the Bitcoin ETF That one's up less than 100 bucks On that one I'm still in that one I didn't see any news did that Bitcoin ETF Get approved today I'm actually going to Go ahead and close out of that Little dip and bounce back Back up towards 55s Sucked a little of my Theta out On that little move Yeah, exactly Marl Tronche 2 will start coming in At 1330 So here in about 90 seconds Looks like that'll be the 55 Straddle we hold here And then we're kind of in between strikes It may go inverted Well no Probably go 5 wide actually Yeah it's going to go 5 wide low premium 5550s should start coming in About now Build it 625 On the 55 Straddle So I'm on the 5055s for Tronche 1 And then the 55s Straddle for Tronche 2 Bix kind of chopping just above 1280 Between 1280 and 13 All afternoon Got some short premium in the Euro It's pretty well centered Got a hedgehog An ES that's up A few hundred Short strangling gold If we get a little push up We'll be able to book profits in that one After adjustments A little bit green Natty gas To this push up I think we're probably about back to break even After adjustments QQQ nice and centered Up about 24% 20% We're on a new time fly today In the February 2 February 5 cycle Got a couple of ducks on My other fly 2629 cycle Is up a couple hundred Needs a little move lower Tronche 1 and 2 both up about 7% Tronche 3 will come on In about 7 minutes Beating down badly It's down about 5.5-6% All time highs 4818 in SPX Currently at 4754 I don't buy into stuff like that trading naked It's about as accurate as the prediction I made In my My prediction podcast episode Yeah, I've got a call with Financial juice Coming up To see if they can work out a deal For navigation trading members So I think that's tomorrow actually So I'll let you guys know If There's a Even a discount off the promo Yeah Bumblebee it's It gives you up to date Any kind of I guess what they would call Market moving news So if you look at my screen here You can see They posted here I always keep my voice on So I can hear it so if I'm not So I don't have to be on the screen and pay attention To what they print here They'll read it off to you In audio format as well Which I like The free version gives you all this It's just a little bit delayed The pro version is just the same thing Is quicker More real Realish time SPX pushing up To $47.58 There's no market on close and balance Early yet That must have been That wasn't today First one doesn't come out for another Seven and a half minutes Trunch three looks like it may be five wide If we hold here Coming back down towards $55 Iron condors doing today Overall Here comes Trunch three Filled at $5.10 And that is On the $50.55 calls That's two to one today Course, course, course, course Chad, course, Chad, course I do want to I haven't seen exactly what you're doing But I've seen a couple things you posted about Looking at price pushes Whenever I was doing Reentry back at the end of last year Beginning of 2023 I guess probably would have been I I started to Kind of look at that Like wait for price push A little pause And then get in And then I think it was about that time that I Stopped doing re-entries Because I just didn't want to be in front of my screen All day with that But Being that I'm basically in front of my screen all day I might take another look at that I would probably Do that as opposed to my Current reentry bots Sounds like it's working well Just put Chad on camera all day For eight hours Come on Chad You don't have anything else to do Yeah, wherever you go the camera goes We want to know how much you bench press these days Yeah, you're not even picking your kids up from school And a winter storm so come on let's go No I don't want the I don't want the hidden Secret cam trust me You don't either So it's the Trunch 2 I got filled at 625 So my Trunch 2 Would get reduced at 375 It's got an afro going on All the kids the kids are getting perms These days did he get a perm Chad you know what You know what Pius's symbol is don't you All their gear has it on it Well that's their mascot but All their gear you know what it has on it SPX St. Pius the 10th I mean that's where I want That's where I want my boys to go just just for that reason Alright hanging around 55 55 is the sweet spot Trunch 1 up about 13% Trunch 2 up 11 Trunch 3 up 9 First market on close imbalance Was I heard it Catch the number 2 million buy side So pretty much nothing But it's the early indication Means nothing We could just hang out right here for the rest of the day That would be ideal A little chop between 50 and 57 See what else is going on here We got the sectors Metals are down Energy down Up big XLE is down 1.5% Regional banks down 1 XOP down 1 Retail down almost 1 Real estate down Financials red 7 conductors are the most green And they're only up a little or a third of a percent Individual stocks Shopify, Nvidia Amazon Green Tilray down 10% Tesla down 2% Was down more Bounced a little bit With 25 minutes to go Little over 25 minutes Trunch 3 is up 17% Trunch 2 up 16% Trunch 1 up 17% Here's the upcoming earnings Tilray must have had earnings At the end of this week On Friday we've got JP Morgan Delta Wells Fargo Delta and City BlackRock Next week some more financials And then the tech starts in Week of the 22nd Netflix Tesla Southwest Airlines Week of the 29th Big Boys Pfizer UPS Boeing Apple Meta Oil companies on Friday D2.5 Roku down over 2% Wayne based down 4% Living in a winter wonderland Over here, it's not snowing Anymore But everything is covered in snow No school for the kids today Baseball practice is canceled Tonight A little over 20 minutes till the bell All three of my tranches are up about 20% each Put on your rain boots and your water, Krish Still 2 million to the buy side My Trunch 3 Was the 50-55 For 510 Love to see a good power Hour went in here today Yeah, I saw that 215 Central So about 20 minutes after Trunch 1 FOMC member Williams speaks Due to speak about the 2024 economic outlook Event hosted by RM Freeland and Webster Bank In New York My 570 to ease back in the green, I had a tiny bit I'll pick that up tomorrow afternoon SPX coming down below 50 It's bounced a few times at this level today 1225 1230 it bounced here 140 it bounced here 205 it bounced here Trunch 3, I got filled at 510 That's 2 to 1 Puts to calls Still 2 million to the buy side 5 minutes till the final number About 13 minutes to go Get my futures platform Ready for the MOC number In case it's over 3 billion Yeah, that one comes off tomorrow morning Dark Avenger Still sitting right at 50 Up to 49 Like a 1.5 billion to the buy side Just give us a little tiny bounce The number coming out in about 1 minute Alright, here in about 10 seconds I'm going to be listening for the MOC 1.3 billion sell side So I'm not going to take an MOC trade Still need a little bounce Starting to bounce, there we go Come on, come on up Get on up I really brought the Juice in, Trunch 1 up 30% Trunch 2 up 20 Trunch 3 up 36 So Trunch 1 and 3 are 50-55 So I'll be closing out Trunch 2 5 minutes till the bell But Trunch 1 and 3 I will Consider taking to the bell Now we're getting all the way Up to 54 Trunch 2 is over 40 So let's say 375 575 Reducing my stop on Trunch 2 Trunch 1 is getting close to a Reduction Stay right around here Nothing crazy into the close Wally World, check out the Zero DTE course I posted a little mini course on What I'm doing with that Over the weekend Basically if it's over 3 billion is when I would do something Trunch 2 is at the 55 straddle Only at 50% Coming up on 5 minutes till the bell I'm going to close Trunch 2 Right about 5 seconds Closing Trunch 2 We don't need a runner Settle back in Below 55 please 4 minutes to go Currently a little over 56 I need below 55 for a pin 3 minutes to go Trunch 3 is trading at 20 Trunch 1 was inverted but it's trading at Under 6 bucks There you go get under 55 Simmer down in Below 55 2 minutes Tick tick tick tick tick Hanging around right at 55 A little bit lower A little bit lower for the pin Elliot are you with me? Who's with me? Who's holding? Less than a minute Madam Butterflies with me Andrew K's with me There we go That's what I wanted to see Now just hold here for 30 seconds Get back down there Get back down Stop jumping around Come on Teasing me Teasing me Still decent So it looks like between Trunch 1 and 3 I'll book about 2700 Trunch 2 I made a little over 1500 And then I already showed you the other stuff So let's see total Total 0 DTE for the day 8000 173.50 Actually it'll be a little bit more than that Once these options settle out So over 8K Feels good Got a little bit back from yesterday My friends a little bit back Alright all let's see Live stream schedule for Tomorrow tomorrow is January 10th So I'll be streaming live in the morning And then be back again For power hour Alright all take care Have a good night