 Good morning everyone Happy Wednesday, February 7th 2024 and wouldn't you know it the markets are up. So Really been coming up since couple about 6 30 a.m. Central so I'm not really sure what has gotten them into the want to move up, but S&P up 0.42% so take a look at See how close we are to all-time eyes getting from getting real close Vicks down again. So It's down under 13 now. So Not good for wide zero DTE strikes short strikes anyway Man yesterday. I was power hour. I was Had a real nice green day going on and then Minus 3700 and during power hour put me in a bait basically a scratch Really needed that Roblox up 10% had earnings a 15 year old's gonna like that because You know it's Roblox stock Morning Ken morning, Benji morning fast Morning LP arrow Yeah, so I saw snap was down like 30% or something like that. Yeah, it's down 31% Well, that'll cancel out my son's Roblox because he has snapchat, too Yeah, that's a good idea to get that's the cows kind of did the same thing deox Morning MRP morning rookie trader. Yeah, not a big snapchat fan That's how that's how teenagers communicate man. It's hard to It's hard to tell your kid. No can't communicate through snap when all of his Buddies are on there Bell has rung Today we trade the two days to expiration option chain to DTE S&P opened at about 49 73 pushing up all-time highs I knew it was getting close Roku coming down Meta pushing up Dow up 142 Nasdaq up 97 S&P up 22 Morning San Ray So some stocks pushing up some but several pushing down so See Benji question. Have you concerned? Are you are you referring to like the mighty 90s and runners and things? So I don't look at it as to be in line with my profit. I look at it as risk management So the iron condor is a defined risk trade buying a put-and-call. There's it's Unlimited there's no it's not defined. Well, I guess it is to find risky technically but You can you can make profits and lose profits much quicker so They're two totally separate trades and so I'm not not really looking at it as a In line with profits. I mean, you know, these are 10 15 20-minute trades whereas the other ones could be ours so I Do it based on you know, if I've got if my average my medium size is 3000 and buying power like I To you know, I typically know if it goes south on me You know if it's a volume runner, I know where the exit is on a volume runner If it's a continuation runner, like there's a point in the price movement that is an exit I know if it hits that and I have to exit, you know, typically I'm gonna be okay with that amount of loss so I Do it based on What my potential amount of loss would be on the trade rather than profit and right now? I have not had any profits at least in my account in February in zero DTE Now it's had a real good had a really good day going yesterday until one silly power hour trade that S&P pushed up on me Or actually I think it came down and stopped me out and then it bounced And so we'll be getting a we're getting our second volume bar So we'll have to see if we get any as big as the first MU about halfway there We're about halfway through this five-minute bar It's still coming down Roblox getting the bar, but again it it had earnings. So I'm not really really I don't really trade stocks that You know had had earnings before the market opened So nothing really sticking out right now in terms of volume runners And you would be the closest and I don't think I'm use gonna get there and use pretty close Let me check that and toss And you didn't quite get there and think or swim Although it looks like it did in it in in Orion, but it didn't quite get there and think or swim. Yeah, if those are those are opposites Two things on Roblox First off their opposites where they need to be the same secondly, if they had earnings so And it appears strong earnings. So yeah, I wouldn't doubt that it continues to go up today But I don't really trade the mighty 90 runners when that stock has earnings that morning And you bounce in a little bit I get into a little MU here So I would trade the 83 puts in MU See if I get filled at $1.10 Builded a dollar 10 in MU I'll play this as a Downside volume runner It's really close and think or swim. I've played him like that before and it definitely looks like it in Orion Yeah, sometimes when they're really super close I mean you can play in that I played him that way and you could definitely get a better fill than me It's still coming up Tesla potential mighty 90 taken shape. Although The bar is getting pretty big and there's two minutes left on this five minute bar So it might get as big as the first So my exit in the MU would be goes above this bar right here Actually gonna add to my MU here build at 95 cents. Alright, so I wanted to show resistance right there And I would get out a half at $1.10. Wow man this bar This bar is strong. I'm gonna let this bar play out. That's the bar is growing Coinbase getting a maybe a downside volume runner. I'm gonna check Tesla in think or swim Yeah, that bar is just right there right about just about as big See what kind of bounce we get here in Tesla. That's some pee coming down. See Tesla. I would trade the 190 puts build at 495 MU going against me darn it. All right. I mean you got to close No one's not gonna feel good Build to 82 cents So should have went with my gut on that one Should have went with my gut on that one and meta strong. Wow. I look at MU just complete reversal Coinbase bouncing up a little bit little volume runner there. See Coinbase. I would trade the 118 puts Build at three bucks in Coinbase Tesla had an order at 545 close half I get filled there. Look at MU just complete reversal Meta pushing highs of day Build at 545 to close half my Tesla Coinbase I would close half at 330. I will get in video go base trying to bounce up video with little mighty 90 there Let's see if it pushes up four more time Coinbase to roll over here and you still going I've got an order in at six bucks to close another Tesla So Nvidia is still pushing up has a mighty 90 Someone gets short and video here 695 puts filled at 1380 when base trying to roll over Fill it six, but uh six bucks to close another Tesla. I gotta get out of Really get out of I gotta get an order in Nvidia here. I would get out of half my Nvidia at 1520 And filled at 330 in Coinbase Built at 1520 to get out of half my Nvidia get out of a Another Tesla at 650 and meta stands strong Need two red bars out of Nvidia here I would prefer them Sooner rather than later before it decides it wants to rip Get out of another Nvidia here Filled at 355 to get out of it. I just wanted to get out of one more Nvidia. I'm sorry coinbase Filled at 355 To get out of another coinbase So I only did two contracts in Nvidia because it was so big. So I'm getting out of one So I'm just going to hold the other to the second red bar Tesla beautiful beautiful volume runner filled at 650 in Tesla I've only got one Tesla left So nothing like being able to scale out on a volume runner I'm not doing roadblocks had earnings dark Avenger. I'm not trading not trading that Upside continuation runner AMD Now there's there's been no push Look how tight the range is it's just been chopped since the open You want to see a good push so like Nvidia potentially like, you know, you got a push it's consolidating You want to see it push again just consolidating Below this pivot here That's why I'd like to see two red bars sooner rather than later Future's kind of chopping Why are you still holding the MU put stark Avenger the The failed volume runner happens whenever you Go above the price bar that's got the big volume bar Close another coinbase at 390 and meta Staying strong You know bloody Tesla wants to get I just got one contract left When I might have seen a nice push down Get out of my last one. Yeah, just really tank here, buddy Keep pushing but also like to see Nvidia give me a second red bar Build at 390 Get out of another coinbase Yeah, I just I just traded toss sandray Would be great to see a photo of your trading setup What do you mean? What do you mean by my you mean like my monitors and all that? Well, it's just it's I mean I can I can show it to you There's Are you not familiar with toss I'm gonna go ahead and get out of my Nvidia here Yeah, I mean I could show you Just the strikes so that's all I'm looking at Get out of another coinbase here Build at 430 Nvidia Build at 1610 Close my Nvidia In tesla Getting rid of my last one Build at 740. Oh, what a what a tesla trade that was I have two coin bases left And yeah, I wish I had had more teslas Get out of another coinbase We can coinbase got another big bar Build at 475 to get out of Another coinbase and I only have one of those left Wow and you can scale out like this. It's too bad. I took that mu trade Although it's probably it's probably coming down now. No, wow. I'm just hanging in crazy Uh amd. Yeah, it looks like a mighty 90 short. So amd I would trade the 172.5 puts see if I can get filled at 340 Filled at 340 So what I have for my setup here is I've got One screen with price action my laptop screen with the discord and another screen with my trading platform So I got three screens. I'm looking at the time able to until I'm able to answer questions and Watch price and for me, it's critical to have price movement on one and I don't want to flip back and forth between price movement and My trading setup Give me a second. I'll Should just I'll show you toss if you want to see it. Okay coinbase getting a big volume bar now So I've you know, I've only got one left I get out of half my amd at um 375 I'm going to close my coin Build at 430 Close coin Build at 375 and amd Close half Coinbase now getting a big green bar. I'm glad I got out of that Futures though not they're just kind of chopping. Whoa. Yeah, look at netflix So amd gave us one red bar. See if it'll give us another Wild price action today in both directions Okay, so amd man. I don't I don't want it to just Blow up here Got out of half my amd amd is strong for the day Yeah meta Looks like a good upside continuation runner video pushing up After we got mighty 90 two green bars now That's what I want from amd because amd scares me a little bit here if I don't get two red ones And you to push up on me Things are getting strong Yeah, I think I'm just gonna cut my amd on this mighty 90 and All are good Things getting really strong. Oh, I was gonna say what just happened Spiked up Filled at 315 to close So Wow, this is some crazy stuff happening right now So I'm out of everything I guess it was a good time to get out of everything Holy moly, I'm not really sure what uh, what's going on, but man the future is really Jumped and let me pull this over here Since I'm not in any positions. This is my this is toss trade setup And it's just just buying puts and calls. I mean, it's real simple just adjust Just down Confirm and send Pretty easy well Not in anything so I think I'll jump off take a look at zero dte, but I'm not gonna do any zero dte until I can see this market calm down here Not sure what's causing this big push up, but Yeah, sps px. I mean that might hit 5,000 today Futures already did So good trades today except for that mu1 just got sucked into that one probably shouldn't have so But I will see everybody back during power hour Peace