 Good morning, good morning, good morning, it's time to rise and shine Good morning, good morning, good morning, I hope you're feeling fine Good morning, get up, get out of bed, it's time to wake up, you sleepyhead Gup is a brand new day, and we can't miss out on that day to decay Get your day planned out to be at your best And you gotta make sure you got the right back tests Like this sleep away, make sure you're awake Cause we don't have time for fat finger mistakes And ratio condos while we came here today Now let's get to it Good morning everyone, happy Tuesday, January 23rd Welcome to today's Zero DTE livestream We got a special two for one today Dr. Chad is gonna be co-hosting Chad, you are the co-host so you can unmute Yo yo, what's up? There we go Good morning, good morning Alright, so we got S&Ps pretty flat Down two and a half, NASDAQ plus 20 Did I say down two and a half? I meant up two and a half Russell up 18, Russell's up almost a full percent Dow slightly red Gold and silver slightly green Notes and bonds a little bit red Tenure yield up 1% Oil down 0.75% Natty gas down two and a half percent Grains slightly higher euro and the pound A little bit red And bitcoin off another 3% Bitcoin been on a little slide ever since the ETFs came out Peaked at almost 50,000 back down to 38 VIX 13.18 So my plan today is to I'm gonna The I mentioned on the power hour live stream I'm gonna be deciding which Which strategies I want to kind of put on the back burner In favor of my The NTT kind of reentry tranching in One of those is going to be the Tuesday AM iron condors that it's the Early exit one so I'm not going to do that this morning In favor of I'll be doing some some tranching in I've also got my One two one three one four Four five and four seven Double calendars I need to take off this morning So Chad and I uh Chad one uh Chad's on here because I know there's obviously been a lot of interest and questions and stuff about his The way that he's trading zero DTE so Figured we team up give you guys a chance to Obviously ask questions if you have questions about my stuff, but Chad's on here so you can ask about his as well And for those of you that trade mighty 90 and runners, uh, netflix has earnings today Keep that in mind I'm sorry, would you say Chad? Netflix has earnings after the bell. I'll got you Sorry, my volume was down So anybody that trades mighty 90 and runners All right, so we got about 40 seconds till the bell So for my NTT I mean Looks like price is about to push back up into the candles here looking at es pre-market Uh, Dao Um, had asked about me watching es versus spx and and really that just matters at the open Because if I look at spx, there's just not Any pre-market action, right because it doesn't trade pre-market So I look at es to determine if I want to get in at the open And You know price comes up and starts pushing into the candle. I'll go ahead and take one at the open here Which I'm going to go ahead and buy some longs So yeah, we're not trending so I'm going to go ahead and Get into one of my NT tiers So we are So 10 20 25 wide So I'm using my order templates here. Oh my gosh. I bought my lungs in my wrong account And let's try this again Buy some lungs in the other account We'll do 30 wide here since price has moved a little bit Once I get filled I'll come back and show you a little bit more detail about what I'm doing. All right. I got filled on that All right, so Little quick here my trade steward filled a couple things number one Got in a one DTE iron condor So that got filled on the 40s and 75s, which I think is the same strikes as we did yesterday Uh got filled at $14 even So that's my one DTE I've been testing out this o2 double calendar on uh, or actually it's just a call calendar On Tuesdays and Wednesdays. So that got filled. I'll talk I'll talk more about that And then my overnight iron condor from yesterday still on it's up about 9% that one will close out here this morning in regards to so going back to my uh My entity so price was touching the candle. So I went ahead and entered at the open Um, and then and that was at a uh, that's a three two ratio And the way I'm doing that at least right now Is um, let me get to it. So it'd be this one here So what I'm doing is I'm I'm taking a third off At 20 profit And then I'm just and I'm ratcheting my stop down from 80 down to 40 And then I'm just trailing it trailing the remainder as discussed in the uh, a little mini course that I did Uh, e-allison, can you create a channel or pin trades spreadsheets, etc? You might need to expand on that. I'm not sure what you're asking uh, chad if you want to chime in and Do you have anything to say? I gotta I gotta Uh, close out my calendar trade. So I'm gonna be busy for just a couple minutes here Yeah, yep, and I'll uh, I'll call it any mighty 90 runners that I see if you guys Those that do both The stock's pushing down right now things are getting weaker second five minute bar I did see somewhere on that. Um, the business channel I have on here with my trade setup that Netflix expects to Have really good earnings Only they've got it had a ton of new members Sign up. That's what it was reported. Anyway, we'll see. I just posted my one two exit That was good for about 8% It has that down 21 S&P barely positive down down in the red Ah, you mean for like, uh any mighty 90 runners that I take this morning. We were just talking about krish I mean I can I just Um We're all just call them out and kind of kind of up to steve if he wants to I mean, I'll call it out for sure and then you can look at it on your screen if you want to I mean, that's just as easy, but um Tesla's getting a big volume bar. It looks like to the upside right now Well, I mean, it could be zero DTE or People that I mean, I I do both. So there are people that do both. So you can trade your zero DTE I'm not gonna put on a zero DTE the way I do it here for a while. I mean, I think Most people know that but for those that Actually, you know what Tesla and Orion does not have a big volume bar, but it does in Think or swim All right, just posted my one four exit Tesla over two and three quarter percent Baba up eight percent by do up over seven. Not sure what's going on with those They've been beat up a lot lately Roadblocks almost got a big volume bar Yeah, by doing as close as well So it looks like I'm gonna scratch out a little profit on my four five not as good as I know a lot of you guys did Entered at the correct time A lot of calendars to close this morning just posted so I posted my one two one four one three and four five Now I've got um One left Just my four seven Nice winner there Netflix becoming a sports company now. Is that you say chris? interesting Like competing with amazon prime Okay, all done with calendars Yeah, day. I mentioned on friday that I had to enter that one early because I wouldn't be my my computer at the last hour so I did that So that you guys wouldn't follow my follow my alert. Uh, see sharky. Did you get your question answered? What? Yeah, this is the right channel to post during the live streams. Okay, so still just got on my uh, my initial trade here I'm not seeing much decay yet All right, so it's just kind of up and down up and down volatility dropping a little bit Dpng getting a big volume bar so potential volume runner for those of you that I'm a smaller stock to trade I may have bought some tesla calls at the end of the day yesterday. They're doing quite well right now uh, Gonzalo One question. What is the reason for deploying calendars today instead of iron condor? I was I was just closing some of my calendars A couple of them that I put on on friday and a couple few that I put on yesterday Uh, let's shows it. Yeah, three twos regard Irrespective of direction Yeah, I'm not trying to play direction with these. I'm just I'm using three twos because puts have you know With put skew they have more premium than calls So, um, just getting a little bit more More premium that way and if you do any any testing on option omega, you'll You'll typically in in almost all cases, you know in any type of reentry type strategy using a three two with Using all different variables But using a three two versus a a one to one is typically going to do better All right, so my overnight iron condor let's see Can't remember exactly what time my overnight iron condor comes off that would be 10 15 so 9 15 so about another 30 minutes my overnight iron condor will come off It's currently about 8% I always say the puts first. Yeah, so if I say three two, that's always puts to calls I would I always, uh I always indicate differently if I'm Doing more calls to puts because that's more abnormal for me. Anyway To do more calls than puts You know, if you look at I'll pull up the option chain here. If you look at spx options You know and you go let's say so we're trading right at 54 50 call it 55 So if I go 10 20 points away on the call side. Those are buck 80 10 20 points away on the put side. Those are two 80 You know, so that's that's that put skew. So you're just you're getting more premium on the puts Because of that put skew So going a little heavier on the puts Give you a little bit more premium and I mean you know from a Long-term perspective also. I mean the markets you know Typically go up right these companies are trying to grow and make money. So the markets typically drifting slight drift to the upside over time So having a little bit of a bullish bias And frankly, I just you know from all the testing I've done just tests a little bit better Some other positions. I've got an MES short strangle Roll puts up a couple times on that one the other one Still hanging out just right of center qqq roll puts up on this once Still pretty centered Only we've got one duck left Then popping off ducks popping up popping off duck beaks lately with these uh with these rallies Uh and then vxx Took off I had 20 contracts. I took off seven yesterday for about 35 percent of max profit. We're currently We're currently at about 50 of max profit now Which is my original target I'm gonna go ahead and take off I'll take off another six Leave a little runner on there Yeah, Chris, I'm gonna be uh, I mean kind of pans How long we're on here, but uh, I thought before on You know, usually nine to nine fifteen nine twenty right in there It's when I'll probably take my first iron condor So I just posted my vxx vertical exit closed another six contracts. So I've got seven left So I'm just gonna let those run Volatility continues to contract try to squeeze some more out of that Hovering just under all time highs that we hit yesterday of 4868 currently 4854 I mean, we have got no movement today We're basically still inside the range of the first five minute bar a little little pop out at the beginning of the second one, but Tight range so far El Piero The vxx strategy. It's um, let me pull my discord over here so you can see what I'm pointing at um It is the I put it in the premium selling We used to have a vix course where to go. Well, give me a minute Not seeing any mighty nineties yet by you kind of setting up like an upside continuation runner there Yeah, when I searched for it, I found it in the old but Why is it I can't but it's not showing up in my channels on the left for some reason Is it for you? It's very odd I'm gonna go ahead and look at Getting a zero dte iron condor on here. It just because price movement has been so stagnant here So typically, you know, you get a push or two out of the gates, but not today So i'm gonna look at the 4870 4840 4870 4840 calls puts Sorry chad would I kind of cut you off? What strikes were you saying? 48 i'm looking at 4870 48 40 4870 4840 So that would be here And here do what my premium is first here. So 4920 calls for the wings 4790 for the puts the best credit for the morning, but It's decently wide Uh moral. Yeah, I've got uh, I've got my power point pretty much Done. Yeah, I was gonna ask you about that. It's pretty much done. I will uh Kind of go over it and yeah, give you some feedback and that stuff and yeah, so I'll I'll get it sent here to steve and then Just need to record, you know, record do a recording over it. I should be able to get that sent to steve here today so my uh Initial entry looks like it's up about 600 so it's about 12 higher I was filled at 610 On my uh first am iron condor So my 20 profit target gets at 13 95 and my spread's currently trading at 15 55 Oh, yeah, so maro was asking chad. Do you want to do that? As kind of a live class or you want to just record it? Well, I mean I was kind of thinking um I mean it could really be either if it's something that people are going to want like, you know down the road new members I mean, I don't know if you want to have that in as a course. It's just in there with the others Or you want to just put the live court, you know do it live and then put it in there well, I think um I think what would probably I think what members would probably like is is doing it live and kind of like we did with uh The uh the different trade plans, you know where people presented how they're trading um and then So you could you could present like, you know go through all the slides go through all the details examples And then just save all the questions for the end Gotcha that way and that goes into the court and that goes into the course channel or the trade plans, I guess Yeah, one of yeah one of the two. Okay. Yeah Michael Todd votes for recorded course It'll be recorded either way Michael Todd So you can go back and watch and rewatch till your heart's content Listen to the sound of Chad silky smooth voice I'm just glad I've kind of gotten my voice back Steve knows I've struggled over the years seems like once a year I lose my voice I think it stems back to I was in seventh grade and I broke my nose playing football And it really affected my sinuses. I mean it was shattered. This is not fun Somebody's fist get through your face mask or what? No, I was actually a flag football in PE in seventh grade Somebody's head right into my nose. Well, my friend's 30 minutes in and the market hasn't moved which is beautiful for zero DTE So my profit target on my fill of 610 So 20% of all my OCO will be 490 With trailing stop of 460 Tomorrow you did yours like closed out outside of regular trading hours this week. Is that right? Did I see you post that? So what did I just do here? Oh, that was my O2 call calendar small winner So that the O2 call calendar I put it on the list Here's that here's what I've been and I've just been testing it with small size But it's essentially just putting on an at the money call calendar with zero days in the front two in the back and just holding it for 30 minutes basically getting in at the open closing at 10 a.m. It's been you know just kind of Pretty pretty flat to hire over the last while but 2022 was Really rocked up which obviously did for a lot of those But it's still been pretty consistent So I've just been I've been testing it deciding if and I've got it in a bot. So I don't really have to Think about it much, but And that's just on Tuesdays and Wednesdays Opt for dollar. What laptop should I buy? Uh, well, I just recently bought a new PC desktop and I went with the Alienware it's a It's owned by Dell I really like it It's fast It's made for gamers So no more macbook, huh? I've still got a macbook. So I've in my office. I've got Four monitors hooked up to my pc and then I've also got my desktop mac here. So it's two different computers, but But I'll use that for certain things and then Then yeah, I still have a I still have a macbook that I Like when I was traveling I was actually I was actually Over the weekend kind of looking at laptops. I was kind of wanting I have a Dell that has the core 17 eighth generation processor or whatever they call that but I'm actually kind of looking at a new laptop and don't really know What would be the fastest I guess powerful I would check out um Check out dick K's trade plan he goes over kind of Some technology stuff in detail dick. Are you on here? But I got all my I got all my specs from dick K whenever I bought mine. Okay If you are a trader of the mighty 90s netflix had a really good winner just to just now Well, if you look at netflix Nice looking mighty 90 that would have been a winner. I've heard I've heard acer. I've heard of that Never used one, but Really the processor Right the biggest thing That's what I need is to know is like what what type of processor I'm speaking as if I know what I'm talking about. So don't don't take my word for it. But there's a lot a lot more tech Tech people in here then Yeah Like jonathan builds his own like there's no chance I can build my own computer Rise in i9. Okay, so yeah i9 that's what I have Okay, so that's the processor. You want you want an i9 processor. Is that right? Yep Okay How much ram like how much ram do you need? I mean the only ram I know are like those things that run around in the mountains Yeah Dodge ram I drive a dodge ram that too So either just a 32 minimum. Okay, I got that Yeah, I think I have 64. Yep I9 and 64. I think those were the two main things I wanted. Okay That's what I needed to know All right currently trading at 1580 profit targets at 1395 Get a little bounce that would help Man, it's been a while since I've seen the market shop like this out of the gates Yeah, so check out elliott's post. That's pretty much exactly what I got Okay, oh cool. I'll save that picture then it's a couple little different things but That's a desk. That's mine's a desktop, but they have a laptop version as well Alienware by Dell Yeah, LaSosa my initial stop is 80% So you can see here It's 80% and then as soon as I hit my 20% profit target that ratchets down to 40% And I'm not 100% sure that I'm going to continue with this structure But I do like it because really that really what it comes down to is Once you hit 20% and ratchet your stop down from then on it's Pretty much a break-even trade or better And so if you get some You know one of those days with a long consolidation You're gonna you're gonna be able to squeeze a lot of profit out now you're gonna have a lot of trades that are tiny winners too Where you know you hit your 20% and then you get stopped out on the rest But I like that as I talk about in that NTT Well mini course. I like the idea of You know getting to break even as quickly as possible, but still squeezing as much out and and and really that Methodology or thought process comes from using the back tester even though the back testing is not Going to you know, I'm not trying to use the back tester because that's you know I'm entering when the back test does or anything like that. It's more about Oh, I just hit my 20% profit target Nice, it's more about Just I was just using a re-entry and just using looking at different structures for a trade that continued to re-enter throughout the day and that was kind of the the methodology that I Settled on at least for now Yeah, that doesn't test near as well crish In the way that I was doing it But guess what? You have option omega and you Should see what that looks like Just, you know, and I know from testing and trading Zero DT now for a while that The longer you can hold off Taking profits typically over time the more profitable it's going to be but then you got to withstand the Mind games of you know a lower win rate, you know different things like that So it's a balance between maximizing your profits and getting enough of those wins to satisfy your Psycho the psychological part too Oh, so I got a I got a ratchet my stop down Yeah, I mean talk about a Beautiful price action out of the gates for zero DT iron condors. Wow Yeah, I mean this didn't get any better than this No, I am glad I got my 20% because I assume at one point it's going to move here I can't imagine we're going to have a 10 point range all day 40% of the current price So in toss if you if you if you start with a percent Trailing stop and then you ratchet it down. It'll be You know 40% of where there wherever the price is when you ratchet it down So I got filled at 13.95. So it's pretty close to that still So 40% above 40% of 13 So it's currently at 1915 Yeah, it has nothing to do with the entry Has to do it when you ratchet it down. It's based on where the current price is Same as I mean, that's how option omega does it in the back test as well. Is it going to break out now? I'm seeing some stocks pushing the highs of day That's some peace trying Yeah, so what part of what In evaluating kind of what structure I wanted to use You know one of the one of the things that I always do with my back test is I go through the trade logs in detail Go through the trade logs in detail Look at you know the times when you get stopped out Without hitting a profit target. Look at all the times you get stopped out once you hit a profit target you know look at what kind of profits you got On the remaining trailing stop and just go through that in detail every single time you got to do it It just it'll it'll Give you a much, but better understanding of the potential of a strategy than just looking at the uh PNL graph And the and the stats on the front page Yep spx trying to get up to highs of day Yeah, there's amazons through highs of day roku Met us of tech stocks, but Well Up 18 percent the way up to three dollars and 36 cents Neo he's trade neo Baidu and baba rockin china is Flying high today, I guess I took some baidu calls At the pivot I wonder what's going on in china And I think it has an upside continuation runner Yeah, krish. I'm using that uh toss template. So I buy the longs and then the ocos are just on the shorts No spx falling back down Lucid I saw lucid car this morning Those things look nice, but used to trade that one too. Stock's not doing so hot. It's at three bucks At one point it was over 60 Back in the ev heyday Roku up two percent Tesla up two percent What's that more Tesla has earnings 124 aftermarket so tomorrow aftermarket. Yep, netflix today Meta February 1st Jumia The amazon of africa Apparently africa was not ready for an amazon That stock was once almost 70 dollars a share now. It's at three Geez I know that one pretty well since I I owned that one for a while I bought one netflix contract At loads of day today just a little bit ago. I'm just gonna hold overnight You're gonna hold a call through earnings Yep, because I'm okay with the I'm okay with the max loss So Got a little insight information that's supposed to be really good earnings if it doesn't I don't usually do that, but I just one one contract one little itty-bitty contract All right, so just closed out my overnight iron condor waiting for it to update But 13.8 percent so 625 Nice My one yeah, krish Sorry, go ahead Yeah, krish. Just I just bought one long contract Don't advise doing that very often, but you just gotta be okay with the max loss What delta you got you're just you're just work you're getting Obviously, I mean, you know this bit That ball crush is gonna kill theta. So you're gonna need to move at least one standard deviation or more Uh, yeah, so I like the like the 65 delta Gotcha Yeah, the old ev hype just kind of fizzled out people decided they aren't ready for full electric yet Hybrid I said Toyota Stocks at all-time highs because they bet on hybrids over full ev and that's definitely What's toyotas ticker? There it is Oh No, that's not it TM. Yeah Getting close to all-time highs looks like all-time highs 213. It's a 201 Still sitting dead center on my iron condor Getting close to booking 20% Yeah, I can't I've talked to some people about that um driving long distance With an ev it's like, why would you want to drive three hours and then sit and let it charge for extended period of time I'll tell you what I like. I really like my my plug-in hybrid You have a plug-in hybrid because I had a hybrid it was just gas. Yeah, it's it's a It's an Audi a7 and so you plug it in I plug it in at night and then it gives me about It says 30 to 35 miles range, but It depends on how you drive it. I usually get about 20 miles out of it. So just going to and from my office I don't use any gas What is it again? It's an Audi a7 okay Oh So you put gas in it, right? You put gas in it, but uh, and so once the battery Range runs out it just kicks over to to a hot to a normal hybrid where it's using part battery. Okay. Yes. Okay That's one. Okay. That's what I had was just uh had a Sonata hybrid till the transmission went out I sent in my application for Uh personalized plates that said zero DTE. I haven't got them yet No, uh, you did yep You said they'd be here in six to eight weeks. I still haven't heard back. What a legend Maybe it'd be like NT or nav trade or something No So you're a DTE baby I used to have personalized plates back in the day I've never had them. I've always thought people with personalized plates were kind of douchey, but now that's me It's gonna be me And I'm okay with it. I'm a long time ago. I'm about ready to hit 20% Hey Kelvin. Uh now I um I look at es and as long as it's not Let me pull up my chart here if you're looking at my screen True can so at the open, you know, unless it's unless the You know prices way below the candles and it's you know kind of trending. I'll wait but It opened this morning and and pushed right up into the candles and so in that case I'll just enter at the open But I'm looking at es so I can see the overnight the pre-market action Well, my friends, I'm gonna jump off here get some other stuff done This is uh That as good as it gets for zero DTE That's right. Let's let it play out make another move and then Try to get some more tranches on just the only issue here is I didn't get enough on Uh, yeah fish Check out the uh in the course channel. I It's just like a 20 25 minute video or something like that Just kind of A little overview of What I've been doing. I mean if we're just sitting here consolidating. I'm not going to enter another one, but um So I would want to see some price movement and then Price moving back into the candles again before I enter again Yeah, same with me. I'm not going to enter another one Until price breaks one way or the other All right, Chadwick anything else before we shut her down. No, I will uh shoot you that power point You look it over and then we can figure that out cool, uh On top of the mountain check out the zero DTE course channel. Oh the study. Yeah, it's in the NTT channel it's in the uh actually Yeah, the NTT course channel there's a first The bottom post there is the uh The indicators it's just a toss shared link or a trading view depending on Which chart you want? I'll be doing a dks today. Yeah, actually It's gonna come on here shortly. So let's see where I get on that Vix overnight move is slightly higher My dks will come in at probably the 50 put 65 calls I'd say 45 puts 65 calls That'll come in start coming in here in about 30 seconds. Oh getting a little movement down Yeah, I just hit 20 and the lows of day. Let's see if we can crack it I'm not freaking about here By the way on top of the mountain for the for the NTT study all I'm using is the uh the trend candles So it's the NTT trend candles with the default settings I don't you I don't for the zero DTE stuff. That's all I'm using. I'm not I Left everything else all the other NTT stuff off the charts Keep I like to keep my charts clean all right filled on dks at 765 and that was on 48 65 calls 48 45 puts All right, all have a fantastic rest of your day. We'll see you in power hour later