 Good morning, everyone. Happy Monday. Hope everybody had a good weekend. So we got S&P up 10. NASDAQ up 61. Russell is pretty much unchanged. Dow up 26. I did. I did have a good weekend. Did a little farming. Did a little little tractoring around. Work meeting. Elliott, come on. You got to tell them what to do on that. Scheduling. That is ridiculous. It's... This weekend was hot. 100 degrees. 110 with heat index. The next... You know it's hot when your weather app shows a picture of a cactus for the next six days. Especially when you're not in Arizona. All right, so this morning, Rick is out of play. Ducks are out of play. So I'm just doing the AM ratio. So my first order of biz is to buy the longs. Then I will sell the shorts with my OCO. I've also got a 3.5 DTE double calendar that I will be closing out near the open. So I'm going to get filled in my AM ratio first and then I'll address the double calendar. And assuming things stay fairly stable, I'll get into a quiet lunch trade later this morning. Red round lunchtime that is. Saw that coming, huh, Mauro? Yeah, it's just... It's all kind of fresh in my mind. So I thought it was a good time to... Plus, I've been slacking on my... Keeping up with my podcast. So I need to get back into the swing of things. I think my last one before that was the Dick K episode. Good morning, Clazz. So I just posted, if you didn't see, in the trade plans channel. Clazz shared his kind of trade results and trade plans. So I posted those in there for anyone to check those out. Good stuff. 20 seconds till the bell. There it is. So I'm going to try to buy my longs first. 35 wide. So I'm going to get filled at... Filled at 23.20. Actually, I should have been on the 43.60 on the put side, but I'm in the 4,400 calls. 43.65 puts. Looks like my 3.5 DTE double calendar might be a... Tiny scratch loser. It looks like it's down about $140, $100 somewhere in there. I am loving my new computer setup here. All kinds of real estate to play with. With the new monitors. Trying to get filled on my 3.5 at 18.30. To adjust that down. Closer to 18.15 or 18. Let's try 18.20. No fill at 18.20. No fill at 18.10. Just posted in the calendar channel. Getting a little decay coming in already on the zero DTE trade. If you're new, on this one I've got... I'll take half off it once I get to 50% of credit, and then I'll let the last one ride till 80% if we get there. By the way, if you are new here this morning, the best place to start to get up to speed is... Well, a couple places. We've got the zero DTE course channel. There's a lot of good stuff, a lot of foundational stuff around zero DTE. In there, we've got just kind of zero DTE iron condors. That's a little bit older of a strategy that I don't necessarily trade anymore using deltas, but it will give you a good foundation for kind of a lot of the concepts. We've got reverse iron condor. We've got zero DTE trading decisions. Just kind of a short video on that. Here's a recording of a zero DTE live stream. By the way, all zero DTE live streams are recorded. If you go to in the live stream channel, navigationtrading.com slash archive, you'll find all the recordings there. Also in the zero DTE course, there's some position size and trade plan stuff, how to use OCO orders with spreadsheets, and how to use OCO order templates. I've got some examples that I give there. We've got obviously the zero DTE channel, which is a lot of posting just zero DTE related. The channel we're in now chatting zero live chat. That would be for all the while we're streaming live. That's the channel we use. Then the zero DTE trade plans. Every month, this is where I will be posting my trade plan for the next month. We've also got some awesome presentations of their trade plans from Tim Weiss, Dick Kay, and the one I just posted myself, and then the one I just posted Krish from last week, and then the one I just posted this morning from Claas is in there as well. Those are the best places to start. The idea is to take ideas from these trade plans from others and then build your own based on your account size, your risk tolerance, all that fun stuff. During the live streams here like today, as you can see, I got in the trade. There's not actually a whole lot else I'm going to be doing from an active trading perspective. We use these live streams to help fill in the gaps and answer any questions you have as well. Feel free to post if you have anything in the Zero Live chat channel. S&P is now up 20. NASDAQ up 130. Russell slightly green. Dow up 50. Gold and silver. Silver is up a couple percent. Gold is just slightly green. Notes and bonds are lower. Ten-year yield pushing up above 4.3. Oil up almost 1 percent. Natty gas up 3 percent. Soybeans up. Wheat down. Corn up. Hero in the pound. Pretty flat and Bitcoin flat. VIX up 1 percent. VIX futures down two and a half. Monday morning VIX pop, but VIX futures. Volatile is really contracting. Let's see. I got to get my little chart set up a little bit better here. So let's see. Expected move at the beginning of the day was close to 20. A little over 23. So about 44.03 on the upside. V7 on the downside. All right. My friends, what else we got today? I'm going to be putting on... It's looking at both a 1, 2 and a 1, 3. DTE double calendar. I may do both. Let me pull up the... Let me look again. I was looking last night. Let's double check this. So here's the economic news today for the week. So today, absolutely nothing. Tomorrow we get the BRICS summit. Existing home sales. Got some FOMC members speaking. Wednesday, right after the market opens, we've got Flash PMI. BRICS summit still going. Thursday, BRICS summit still going. Unemployment claims. I need to change this to my time zone. So Thursday pre-market unemployment claims. And then Friday, we've got some more FOMC speakers. Consumer sentiment and Jackson Hole with Mr. Powell speaking. So that's probably going to shake some stuff up on Friday. It's like he starts speaking about 35 minutes after the market opens. Jackson Hole symposium continues on to Saturday. So all that being said, I will be... So I've got a 6-7 on right now. 3-4s do test really well putting those on Monday morning. So today, it's going to be a pretty much an overlap of my 6-7. Sorry, I've already got a 6-7 on. So I'm not going to do it. You can test 3-4s, which should do well. I'm going to do... I think what I'll do is I'm going to do a 1-3 BNB today and then I'm also going to do a 2-4. That way I get some more long options on Friday. Does anyone have a 2-4 back test that they currently trade? They wouldn't mind sharing. I've got a... The one that I've got here, I haven't really traded much and I haven't really dug into specific times of day. Looks like it's been pretty choppy for the last 4, 5, 6 months or so. 2-4. Thanks, Marl. The main thing is just trying to figure out optimal entry and exit times on this thing. I had 3... I had later in the day previously. Dick K, are you on here? Doesn't look like Dick's on this morning. I know Dick K trades a 2-4. Looks like a little bit later in the day, entry is better. Marl, you're using a 30 delta. Krish, I see good slump in premiums. Yeah, I've found entering at 11 a.m. my time works best. Let's see here. Got a 2-4. It's been pretty flat here to date, hasn't it? I'm really just... I'm really doing this more... I mean, I want to follow a back test, but I also just want my longs on the Friday Jackson Whole Day is a big reason for doing the 2-4 here today as well. 20 delta looks like... a little bit better actually. Looks kind of like later in the day. Test better for the 2-4. I'm going to stick with my original 3-30. All right, that'll work. Also got the 10-25 Dick K special we could trade today. Russell and Dow are now red. A.m. ratio is back to center. Excuse me. Yep. It is a delta-based entry. So that is this one here. So 45 delta on the puts. 25 delta on the calls. 55 points wide. Thank you, rules. So I think I will... I'll go ahead and enter this. This one at 9.25 my time. So here in about 30 minutes. So we'll stick around. Oh, there's Dick K. Dick K has joined us. Just talking about you, Dick. We're plotting and planning for the Dick K special here in about 30 minutes. Something is tickling my throat right now. Hey, Dick K, when you get a chance, do you have a 2-4 DTE double calendar that you're currently trading? Yeah, no rush. Whenever you get a second. Meach, what are you doing here? I thought you had a new fancy job that you couldn't really grace us with your presence very much anymore. Okay, thanks, Dick. Yeah, they've been a little choppy year to date. I liked it today just because of the Jackson Hole thing on Friday. So I was trying to add some more calendars with the lungs on Friday. That one. Yours is pretty similar to mine. SPX pushing up to new highs on the day. VIX is now basically unchanged, slightly higher. I'll grab myself a cup of coffee. I'll be back in just a minute. No, I'm not. I'm not doing the two DTEs anymore. Just because I'm going to be doing a lot of the time flies and they're, you know, they can be a little bit correlated. I do like it, but I just, it's, you know, just capacity issue. Am ratio still looking good. Speaking of time flies, let's check out our current one here. So if price pushes up and kind of holds above 4,400, that's where I would look to add a calendar adjustment to our time fly. But if it pushes it down a little bit, we would hit our profit target. NASDAQ up 1.2%. Tech being a little strong today. Got a NASDAQ hedgehog with 11 DTE. So we'll take that off towards the end of the week. Now I got SPX pushing. Oh, that's NASDAQ. I need to take my link off that one. NASDAQ is strong. What do we got moving here in stocks today? Nikola down 12%. AMC down 10%. Moderna up 6%. After a couple of big moves in Moderna lately. Tesla up 6%. NVIDIA 4, wow. Big boys are moving. NVIDIA has got earnings on 8.23. So that's Wednesday. Microsoft up 1.5, Meta up 1.5. AMD up 1.5. Amazon up 1.25. Google up almost 1. Netflix up 1.5%. Where's Apple? Apple's up 1.5%. In the different sectors, we've got real estate week. Regional banks week. Financials pretty flat. Strongest semiconductors in tech. Energy is a little bit green. Retail slightly green. Yeah, we need a little bounce in the Euro to get us back to center there. Our VXX trades are working. The first one we put on is almost back to a scratch. The other one's up a few hundred. We painted the top of volatility with that one at this point. So that was nice. I want to get 50% of max profit there. So I'm looking for about 650. So it's going to need to get down closer to 24 under 24 and VXX before I start peeling any of that off. So Kelvin, you'll see it on my trade plan sheet. I trade Tuesday and Wednesday. I trade a PM iron condor. But I think I took some stuff from the P2H. But I do a 3-2 ratio and you can check those tests to see what I do there. But just on Tuesday and Wednesday, I believe. All right, getting a little reversal coming down in SPX. Got some nice decay coming in. Nice and centered. Our TGIF is pretty unchanged, it looks like. My 6-7 is up a couple hundred SPX heading back towards the open. Got about seven minutes before the Dick K special goes into effect. SPX, nice and choppy today so far. Just like we like it after we get into a premium selling position. S&P now up 14. NASDAQ up 1%. Russell's down a third of a percent. Dow down a quarter percent. So 25 delta on the call side is going to be the same strike as my AM ratio. 4,400. 4,380 would be the put strike. You like to wait for a little bounce here, right, Dick? SPX pushing down towards the open. All right, so I'd be looking at the 4,400. 4,455. 4,380. It's coming down. Coming down. Still coming down. New lows on the day. Yes, I'm going 4,395. 4,450. 4,375. 4,320. Still coming down. One more strike. Filled at 11,50. I'm on the 4,390. 4,370. So my first profit target is going to be at 10,10. VIX back up to 17.77. Still not quite as high as where the VIX opened, but just about. SPX coming down towards Friday's close. If we can get a little bit of a bounce and some premium suckage, I'd be able to hit a quick profit in this one. 618, strongest of all the fibs. TikTok hit its low of the day. You watch TikTok a lot, I guess, huh, Dick? TikTok, fib clock. That's where you draw the line. But don't the ticks move with price action? Can't you just look at price action? Coming down towards 4,370, which is near Friday's close. Looks like it closes it just below 4,370 on Friday. AM ratio needs a little bounce now. Right, but that's kind of like using an RSI to indicate overbought or oversold, right? I mean, it can stay overbought or oversold and it just follows price. Seen a little bounce come in, but the ticks are derived from what price does, aren't they? Price moves up, ticks move up. Ooh, my 6,7 is coming to life. Looks like it's up about 5 or 600 now. Let's see. Got into the 6,7 at 775. It's currently trading at about 840. Let's start peeling some of the 6,7 off if we get up to like 930. 20% SPX, taking a little pause at least. Wouldn't call it a bounce necessarily. Coming back down. All right, my friends, I am going to jump off here. The AM ratio, looking for 50% to take half off and reduce stop. BitK special looking for 15% to start peeling off and reducing stop. A little tiny bounce. So we'll be back for power hour. The last hour of the day. Looking forward to seeing you then. Have a good day.