 It's the end of the day, 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 the gamble, we're here to trade We follow the plan, that's how we get paid Test and trade, 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 like honey Power our lives, let's start the show Come on trade hackers, get ready to go Zero day options, time to make bank Get locked and loaded, then be ready to play So AM ratio, hit profit target I've got a quiet lunch, by the way Ken if you're on here, you are correct I should not have taken the early version But it just hit, hit 80% I was getting ready to show it So just hit second profit target I was actually on my coaching call And before I went in I had everything set up And did not check after that last little push up So I ended up taking it But yeah, that was not intentionally taken With the move above .2% Alright, so, trunch number one Got ourselves a normal day So I need to buy some longs Got ourselves a low premium straddle I'll give it a couple minutes here before I enter Yeah, inverted strike, so I'll be taking the straddle Should have said It holds here, looks like it'll be the 15s Upside expected move Is it about 44.28 Price got up to about 44.21 Expected move to the downside Was about 43.84 Got as low as 43.93 S&P is currently unchanged on the day NASDAQ down 24 Russell basically unchanged Dow slightly green Gold and silver slightly green Notes and bonds pretty unchanged Oil up 1.6% Natty gas up almost 7% Grains pushed higher Euro and the pound a little bit higher Bitcoin down 1.5% VIX hanging around 14.72 currently A little pullback right before entry here 44.15 straddle Trying to get 6.30 Filled at 6.20 So my stop production for Tronch 1 will be at 3.70 So what do you do there, Dick K? Do you take the inverted? No, you wouldn't have taken inverted So you override it as a straddle On inverted days But if you have trade steward at 4 bucks It would have taken inverted, right? Or you're saying it was actually a straddle Okay Good, good, good Alright so A couple other positions We've got our SPX Single calendar Not much going on there My 6.7 is up about a thousand bucks Not quite 20% would be another So it looks like it's up maybe 15% or so Also took a 1.2 DTE via trade steward That one is up a few hundred 400 plus Both flies still need a down move The one that has a Nove 17 expiration Most likely going to take that loss to the upside Unless we get a massive move down The November 24 Still got a decent shot at profit We just don't want this thing to continue Ripping higher with no pullbacks The Dece 1 A little bit right of center But still in okay shape I did put on a rut duck When the market was down this morning So we got a rut duck and an SPX duck Got a couple of hedgehogs in ES Reverse hedgehog and gold Both are doing okay I wasn't trying to question your I wasn't questioning you Dick K You know I would never question you I just thought maybe you overrode the You notice it was a straddle And so you had a separate test setup as a I thought maybe you had a separate test setup So when it became inverted That it would actually take a straddle I learned my lesson Dick I am not questioning Dick K ever again Some good futures trades today S&P up about 2K Still got 20 longs left Oil up about 1500 Just said 2K Yeah 1500 Got in both of these pre-market Been riding those up all day So I'm gonna get out of the oil one SPX giving us a little pullback here Off the top Yeah on the futures all I'm doing is I mean it's not really something I'm Hosting it's just something I'm doing to Something I'm doing to satisfy My discretionary urges So what I've found is that If I have that going on I don't do anything stupid with my main positions But all I was doing is All I'm doing is in the morning I'm looking at the daily chart Of the different futures So the equity indices, gold, silver, Notes, bonds, tenure, yield, Oil, natty gas, grains And I'm deciding If I think there is a Decent chance of What I feel like is a directional move So like S&P for example Was down It kind of came down to that Previous level Thursday, Wednesday, Tuesday They all kind of topped out At that level and price had come down to there So that's where I got long Just looking for a continuation Higher which you can see it hasn't Obviously continued a little bit higher today But not Not even really that big of a move And then oil Kind of same thing It had a big up day Friday Kind of pulled back and started to push higher So I got in right when it got Back up to where it opened And just ridden Ridden that thing up today I just I have a futures account With trade of eight and so I just Just to keep it separate I trade the directional futures And trade of eight I don't mind trading it in toss But trade of eight I have zero commission I just pay a monthly fee and I get Unlimited trades without commission Yeah bumblebee It's just straight futures not futures options Well I mean I probably won't be posting I mean look at this You can see I got in got out Got in got out got in got out I'm calling in and out too so that's It's not something I'm going to post Every time I get in and out of I just get in with the thesis And if it goes against it I cut it out For you know I have always had a stop loss I get stopped out for a Pretty small loss and then I just try to Squeeze as much as I can out of it If it does go my if it does Play out the way I think it will Yeah I can I mean I this off and on for some time, but I've just, I've been doing it more consistently lately, but yeah, I can do a little bit more detailed video. So I just, I place a stop where, you know, based on my thesis, where it's no longer valid. So I don't have a specific color level, like, you know, on oil, for example, you know, it came down here, just kind of retrace the previous bar and then push back up to where it opened. So my stop was under the low, because if it, if oil would have gone back below the low of day, then my thesis was no longer valid. In the S&P, if price would have broken down kind of below that 4,400-ish level, I had my stop at like 39.90 or something like that to start up for dollar. No, I don't, I don't really watch it that closely. I mean, I have a stop in and then I usually will put a profit, like if I have 20 contracts, I might put a profit target in with one contract. Just so if that hits, then I get a notification that the order was filled and then I'll take a look at it. But I don't, I watch it very little. Trader Bianca, sometimes I, I mostly just trade the micros at this point. I'm, I mean, some days when I'm feeling it, I'll jump up with the big boys like Dick K, but for the most part I'm just trading micros. Yeah, my trunch three for normal days is two to one. Trunch one, one to one, trunch two, one to one, and then trunch three, two to one. I've traded plenty of forex in the past. I don't really, I don't really trade it these days. I'm really, I'm really just looking for one or two markets and then putting trades on in those. Of course, you get the Euro and the pound that are, that have futures contracts as well. So, all right, about seven minutes until trunch number two, a opt for dollar, you can, you can see in my trade plan, on the trade plan sheets when I do the different one to one or two to ones or the down day one has is two to one with calls, calls to puts. Most forgot I had my bone broth on the stove. Also, I got into, got into my office this morning and I had left, I have a little space heater under my desk, sometimes my little toes get cold, realized it had been on all weekend. That's always good. Yeah, so speaking of, so tomorrow's CPI pre-market as well as some FOMC members speaking 9 a.m. and 11 45 a.m. central, Wednesday pre-market PPI and retail sales, Thursday, some more FOMC speakers. How much going on on Friday? It looks like Ghoulsby speaking. All right, I'm gonna buy some longs for trunch two, that holds here. Looks like we'll have the 15s again. BitK, did you do a DKS today? I hit my first profit target and then my second one got stopped out. I actually lost a couple of hundred bucks. Almost a scratch. I got in at 755, of course mine's different than yours. Got in at 755, hit my first profit target, took half off at 605 and then the second half got stopped out at 1010. Still hanging around the 15s. Another minute. Trunch two, 15s, five, 15. Filled at 515. I got my Apple trade-on this morning, so here's the one from last week. Still need a down move for that one, the one this week. Started to get up a little bit. Wait a minute, you don't still have your Apple trade-on from last week? I thought you just wait for your profit target. Ride it all the way up to expiration. Okay, got you. See, I got in the 85s at 132. Now you shouldn't have gotten assigned an Apple based on the dividend. It wasn't far enough in the money. So let's see, Apple's dividend is about 24 cents. So if you look at your short calls, and now it's a little bit different, right? The corresponding puts are trading around 27 or 28. So that's just slightly above the dividend of 24 cents. So right now, if the dividend day was today, I would definitely be closing them. But at that point, it wasn't very close. Apple would had to make a big move higher to get assigned on that. Still hanging around the 15 level. I haven't looked at financial juice all day. Anything exciting going on? Probably not. Starbucks Union plans work stoppage for November 16. Biden, in his meeting with China's presidency, is going to set out vision for peace and stability across the Taiwan Strait. Oh yeah, I've had to pay a dividend. Not by, not intentionally. Your calls are deep in the money. It's typically best to, there's risk of assignments, typically best just to close. Five minutes till tranche three. Got my lungs locked in. Might have a little five wide strangle. I usually go in like 30 seconds before just in case I have to replace. I got filled on tranche two at 13 minutes and 33 seconds. Might get a strangle. Just might. Low premium strangle, but a strangle nonetheless. So Dick K with Trader Sync, are you just going to go inverted if the strikes are inverted on tranche one? Yeah, I mean it doesn't, obviously a small amount of data, but I mean it, the data we have, it actually tests a little bit better going inverted on tranche one than doing the straddle. All right, going in on the 2015s. Filled at 340 or 345. Filled at 340. I think I paid up a nickel there by accident, but filled at 340. Let's see, tranche two, I got in at 515. So my stop reduction would be at 310. Tranche one and two trading at 460. Tranche one will get reduced at 370. I definitely got to work, I definitely want to work on getting, getting some more automation setup. I'm not sure I'll automate power hour. I mean, I'm here anyway. I mean, the benefit would be to avoid some of the little fat finger mistakes I tend to make every now and then, but I do want to automate some of the others. Chad, are you on the live stream? I think he is. All right, 445 is the sweet spot. Are you talking to me, Maro? Which, which tranche are you asking about? Tranche three, I got filled at 340. 15s and 20s. 15s and 20s were closest. PT inverted strikes means, so let's say I was targeting $4 of credit right now. Well, the $4 is, has a lower strike on the calls than it does on the puts. So those are both, you're, you're, you're essentially trading two in the money options as opposed to out of the money or obviously a straddles at the money. So inverted just refers to the, the calls being at a lower strike being worth more than the puts. Tranche one down to 390. I'm looking for 370 to reduce my stop reading around 4395 comes down a little closer to 4415 should be able to reduce about 375. Didn't quite get down there. Still at 385, 390, 380, 375, 370. I saw it. All right. Reducing my stop on tranche one. Next stop, 310 for tranche two. Pretty good to get your stop reduced on tranche one with a straddle this early. You're giving us an extra 10 minutes, Maro? That's nice of them. Like a little pause for us last week and then just ripped. Hopefully CPI and PPI give us a little downside. Just a little two-sided action would be nice. Uh, yeah, $3 for tranche one. So yeah, it's always based on the current price. So my tranche one was it got down when it got down to 370. I put the stop at 670 much Tuesday, hanging around 355, 360. I need 310 over right near the 15. So it's going to have to sit here for a bit. Get down to 310, it looks like, with 23 minutes to go. Maro is Tuesday the 14th. So we will be, Chad will be streaming live in the morning tomorrow at the open. And then we'll be streaming for power hour. Crunch two down to 340, about 330. A one-point bounce should get us down there. SPX down below 4414. Crunch two hanging around 335, 340. Just a little bounce back up to 15 should do it. Early indication for market on close and balance 826 million buy side. Crunch two down to 325. I'm looking for 310. Not quite ready to give it up yet. Still at 330. There's a little bounce. Not the premium might get sucked out on that little bounce, but still at 330. 325, 330. 320, 315. Just a little bit more decays all I need. 315. It's not 305. All right. Reducing my stop on tranche two. So tranche one. My stop reduced to 670. I got in tranche one at 620. Tranche two got my stop reduced to 510. I got into tranche two at 515. So very little stop risk on tranche one or two. And back up to 15. My one two from earlier is up about 500. Let's see. Where's that at? I got into that at 605. About $6.70 would be over 10%. I'm trading at 655. I've got my trade steward exit at 12% same day. Go ahead and get out of my last futures here. 12 minutes to go my friends. 12 minutes to go. Still hovering around 14. The VIX hovering at 14.71. Some peas slightly red for the day. You are new here as you can see once we get in our trades. We've got a lot of downtime. So feel free to post any questions you guys have filling the gaps since we're in some straddles today. I'm going to start taking positions off as we get as we approach five minutes until the bell. Dark Avenger, I've already got a a single put calendar and SPX. So I'll be turning that into a double if it moves one direction or the other. We've got CPI and PPI. So I would think we'd get a little little movement. So tomorrow is CPI and the options are at the IV is at 18.2. Wednesday is PPI and the options are at 16.5 IV. So yeah the CPI is getting more getting more love from implied volatility. Quanteo you can you can test that in option omega but doesn't test as well. MRP is calling a shot. Mark it's going to fall tomorrow. We must have got his crystal ball out of the repair shop. SPX down around 44.13. Prefer a little two point bounce here in the next three minutes. I'm going to put my tranche one at 20 in case we get a quick bounce here. But the 12s uh oh we're moving we're moving the wrong way. Stopped at a tranche two at 520. So in at 515 add at 520 so five cent loss on tranche two. Mark it on close and balance jumped up to 1.3 billion buy side. Get a little bounce here a little bounce back up to 15s. Little bounce. Tranche one trading at 350. See if it's going to give us a little bounce here. I have my order to close tranche one at 220. Close tranche three. Close tranche three at 750. Just have tranche one left. Don't you want to give us a little bounce? Just a little baby bounce. Got my order at 350 on tranche ones currently trading at 390. I'm bouncing. Filled at 415 on tranche one. All right so tranche one got in at 620 out at 415. So that was a couple dollar winner. Tranche two was basically a scratch and then tranche three was a loser. Got into that one at 340 out at 750. So net net I believe a little loser. A little loser today. All right my friends we'll be back for power hour tomorrow. Chad will be streaming live at the open. All right guys have a good night. Take care.