 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 Wake up 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 test Like this sleep away, make sure you're awake Cause we don't have time for fat finger mistakes And ratio condos will pay the bills But you gotta be quick to get those bills Folly a plan to keep your pockets thick If that market gaps up, look for Uncle Rick Small gap down means it's time for a dunk Hey everyone, welcome to today's zero DTE live stream Hope all is well Today is Thursday, October 26th Got the S&Ps down 10 They were down over 30 Before the economic reports came out this morning Nasdaq down 53, Russell is green, up 5, almost 6 Dow is pretty much unchanged, slightly red Gold and silver, slightly red, notes and bonds, slightly green Natty gas up a couple percent, oil down about a half percent Grains up, Euro and the pound, slightly red And Bitcoin down one and a half percent VIX futures are flat, but spot VIX up a little over two and a half percent So what I've got on my agenda for today is at the open Do my Thursday AM ratio iron condor A zero DTE duck If it sets up, do some JSP's I've also got a one, two and a three, four DTE double calendar that I need to close Later this morning, the DKS and then possibly a 10, 50 AM early quiet lunch So that's what I've got on my agenda for this morning Yeah, looks like we got, let's see, Waller spoke, started speaking 30 minutes ago That's all I'm seeing Pending home sales at 9 a.m. So in about 30 minutes So first thing I'll be doing buying my longs, then once the Once those get filled, I will enter my shorts of my AM ratio Then I'll go try to enter a duck, maybe some JSP's then I'll close my calendars Opening bell in 10 seconds On a rainy, drizzly day here in KC There's the bell, filled on my longs It's like 65 wide I'm going to temple it for this one set up that wide Got to do a little maneuvering End up with the 4205s and the 4140s Probably should have been in the 4210s or 4215s even But I was trying to get in and then price is bouncing Price has moved up so I'm going to go ahead and jump in some JSP's here Trying to sell the 4175 puts Filled 1335 Got to set up my OCO order here One of them in just a minute here Price still pushing That's some peas only down five Wasn't quick enough to do my duck Before my JSP so I'm trying to get filled on a duck now Filled on a duck 15 wide at 830 That's a big credit In my AM ratio In my duck, in my JSP's Now I got to go close my calendars My 1-2 is going to be profitable My 3-4 is going to be a loser Filled on my 1-2 yet Filled on my 3-4 yet Filled on my 3-4 Get that posted Filled on my 1-2 All right those 3-4s and 1-2s are posted in the calendar channel Crush can you not see my screen? That's right on my screen All right so we got FMP still down around 10 pushed up Pulling back a little bit My AM ratio Not seeing any decay coming in yet JSP's pretty close to where I got into those So I got all my early morning stuff done So I'm going to take those off my list All right SMP's down 13 as back down 62 Russell up 4 Right back where we opened Got quite a bounce after the economic report this morning Coming back down a little bit When I woke up SMP's were down over 30 Now they're down 15 Though I noted before the market opened That the expected move was around 31 Crush what did you have it at? Yeah 31.4 That's exactly what I had Now it's at 32 and a half So it's increased since the market opened Yeah I think I ended up doing 65 wide 5, 10, 15, 20, 20, oops 30, 40, 50, 65 Yeah I went 65 But I should have been closer to 70 Kind of bounced on me before I had a chance So my Thursday version Actually I think I need to change this I have a my template was for 20 I've got to change that I've got a wider stop on this Thursday one 26 There you go The profit targets are 50 and 80 Yep okay those are right All right what else is going on my friends AM ratio ASPs Here's my duck 20% profit target on my duck Is at $6.60 You're one of those last minute procrastinators booga Yeah that seems like That seems about like you Not a lot of planning Not a lot of thought I gather that HelvinQ thoughts on Tim's post About setting up a high VIX Up of 4% I'm not sure what you're talking about I didn't catch that Is it in the zero DTE channel? Okay I'll have to look at it later I'm not sure what he was referring to All right some other positions here Our oil Getting a little volatility pumped back in it Got an ES hedgehog that's up a little bit Got a couple of MES short strangles The one that we've had on I think I'm gonna have to roll calls down on this one So you got into those at $15.40 Those are trading at $7.20 So yeah right Right around there I'll give it a little time here Put on a new strangle in MES yesterday That one's up a little bit ZN Up a little bit ZS Let's see I think if I get out of $10.50 I'll hit profit target here It's trading at $11.62 so not quite there QQQ Rut Duck On an SPX duck yesterday Got a time fly It's up a little bit Not to a profit target yet VXX verticals Any bit of contraction today So far in VXX I'll be reloading on some more of those If this thing spikes Yeah I tend to be a little less selective I think I would say than Tim Kelvin Not that I'm not that I'm right and he's wrong But it's just more lifestyle personality I tend to be more you know More trade occurrences But the probabilities play out As opposed to being more selective With a lot more filters and things like that So you just got to decide what's What's a better fit for you VXX open the day up near 22 back down to 20.74 VXX futures are flat What are we going to do today boys and girls Got that little overnight flush And we bounced after the data We continue this bounce Are we going to continue falling Kind of think we're going to keep going down But just a hunch Nothing more than a hunch Be tight range so far A 12-13 point range in SPX Coming back down to the low end of that Yeah I mean I would prefer a bounce Based on where I'm positioned right now With all my different trades and positions Especially portfolio margin positions But not sure if we're going to get it today Volatility creeping up Metahead earnings Close yesterday around three Just under 300 it's down to 281 And falling On the sector front pretty split Energy up Metals up Healthcare excuse me down Energy down Metals down Tech and healthcare slightly red Retail pretty unchanged Regional banks up big Real estate up Semiconductors up Biotech up financials up Meta down six and a half percent Draftkings down four percent Google down two and a half percent Roku down two and a half Amazon down over two Tesla down two Lulu down two Microsoft down one and a half Microsoft is about to overtake Apple As the biggest company in the universe About six percent away Quietly creeping on Apple Nvidia down a little bit IBM up three and a half percent Square up two percent Pfizer up one and a half Bob up one and a half Tesla's been getting beat up a little bit Since their earnings Microsoft popped after earnings But has been coming down SPX trying to break below its little 13-point range Over 20 over 21 now I did I posted those above morrow I'm in the 41 75s Got a little decay coming in on the AM ratio Yeah, I had my filter on JSPs To enter after the markets moved up 0.05 percent above the open Which it did And then immediately came down Let's see what else here I've got a I've got my Single put calendar and SPX that I hedged With a vertical helped a little bit So if I had not done that Be down down a few hundred With the hedge I'm up a little bit Not sure exactly where it's trading at Definitely helped SPX coming down Russell still green Getting some help from those regional banks NASDAQ down a full percent S&P down about half percent All right, my friends, I'm going to jump off here Take care of some other stuff I'll be doing the DKS here in about 30 minutes 25 minutes And then possibly a 10 50 a.m. quiet lunch If it's quiet All right, guys, we'll be back for power hour live Everybody have a good rest of your day Talk to you soon