 What is up everyone happy Friday Friday October 20th On the downhill slope of October a little bit of red coming in but Seeing a little bit of push-up from the futures here Man yesterday was wild, huh? Jeez that talk about some major swings in the market Netflix was up over 15% after earnings and they're currently up a little under 1% but Yeah, yesterday was wild right now the S&P's down seven NASDAQ down 29 thou features down 64. So yeah, I would think I'm gonna put on a zero DTE iron condor bell rings. That's my paper trading continues I've been focusing on You mentioned something in the zero DTE channel yesterday We're focusing on iron ducts Obviously our mighty 90 and runners and then the zero DTE iron condors and Up up around 15k since the beginning of October So of course a lot of that when it comes to zero DTE iron condors paper trading. I was just looking at but I'm trading iron ducts and Mighty 90 runners real money and then Zero DTE is paper. So I'm told myself I give it a few months and so Man, it's really tempting right now to jump in with real money, but yeah, I want to get a few months results on my zero DTE Also need to watch the reverse iron condor Course and start practicing that The bell has rung S&P down six bear with me here. I'm gonna Put in my as this first five minutes goes on. I'll put in my zero DTE Hopefully everyone can hear me 35 foot The Amazon pushing down Tesla still coming down got hurt real bad after earnings yesterday For some reason my sound isn't working in toss So not hearing my fills Good morning bumblebee Got my zero DC Zero DTE iron condor in oh, here we go second bar is now rolling you look for some volume here. It's Friday, so We will be trading The seven DTE for the mighty 90 and runners not not zero So make sure you're on the correct one look for some volume coming in here And for some reason I didn't my sound isn't working to where I hear when I get filled that's kind of worrisome miss a fill volume looking pretty light here Yeah, three light volume Roku getting some volume, but it's in the opposite direction Something like doesn't do as much good In video getting a little bit of volume a half way there. Well, we'll get there though my Nvidia Roku Opposite direction. I don't think Nvidia is gonna get there Roblox getting close But I don't think anything is gonna get there Coinbase got there in the opposite direction. So Not really seeing any volume runners out of the gates, which is not uncommon on a Friday VIX is down two and two-thirds percent Friday's are always a little bit lighter in terms of trading. So if you knew Friday's I try to just get a couple trades in and You know if I can't even get out it's A lot of times you don't get a lot of good setups. It's just lighter trading VIX coming down though So I'll look for some mighty 90s here. So mighty 90 we're looking for that Third bar to be higher than the previous one And in the same direction Yeah, Tuesday Wednesday Thursday or all my as this is my three favorite days really I mean You'll get you'll get lower volume and then you'll get like this like Tesla stair stepping down in volume And you can even see like the range like look at Tesla's got a really tight range Same thing with Roku and Amazon. I mean they all pretty much do so You get a tight range that makes it difficult and then when you get the volume that stair steps down Makes it difficult as well Bob I get in a big volume bar, but again, you can see it's a really tight range and it's like Real close to flipping back and forth red green So don't really know it's kind of stay away from them like look at Apple and Microsoft man Just small volume. So don't want to force anything I mean even Coinbase getting a big volume bar to the upside So I would consider this an upside volume runner even though the first one's red They got a big green one and then now another big green one. So that would qualify it for a upside volume runner coin base Man, remember seven DTE seven DTE I would trade the 75 calls Built at three bucks. And so if it if it pushes back down and goes below right here, then I would cut it So I saw it as kind of a pretty low risk trade. It had some pullback already And I would get out a half at 330. So put that in I'm gonna have to watch for some reason. I like I mentioned I can't hear my fills and so I'm gonna have to Pay close attention And just it almost it almost seems really lighter than normal even like I Friday's are usually light days but man this thing this seems like it's even lighter than a normal Friday, I mean Apple, Microsoft, Amazon, Netflix meta just No volume at all Built at 330 In Coinbase Just close half so nice push up in coin Uber pushing up Netflix up almost 2% after earnings So no pullback in Netflix yet. I guess by do you got a Kind of got a mighty 90. I'd like to see it a little more separation there, but I'll close another coin base at 360 Roku look how tight a range that is meta I feel kind of lucky to have gotten in on coin We're pushing up this pivot. Let's hope it gets through that pivot Yeah, I mean just very very little volume bowing Square all these really tight range Yeah, by do you would have been a nice mighty 90 get filled right there Missed that one Target pushing up No mighty 90 and baba This this at least according to Orion this bar is bigger than the the first one So therefore it would not be bigger than or it now would be it wouldn't be a mighty 90 It can't be as big as the first first bar Look at by do you then look at baba See by do you says it's bigger than the first bar coin base pushed up and close to close to getting filled That's pretty close To getting rid of another coin base Stay above that pivot not many chains not many options so far not many opportunities and you know just Look across the board here Intel zoom jpm all of these just nothing No opportunities Roku stair stepping down Nvidia stair stepping down My zero DTE iron condor is pretty much set in dead center still You want to put it on right when the market opens build a 360 coin base Nice job Pushed up right up to yesterday's high like to see it blow through yesterday's high Still nothing apple Extremely small volume Amazon same Boeing pushing through highs you know netflix Had a nice push up here now. It's just chopping. I'm wondering If it's setting up for like an upside continuation where you got this push up then a pause Still pretty early to To put on a continuation runner and coin base really coming down now Well, that's interesting. It pushed right up to yesterday's high and then got rejected Zero DT iron condor Take a look here. I am The 4300 and 4350 calls And the 4235 In 4185 puts so 50 points wide so 4300 and then 4350 calls 4185 4395 They were pretty much right. It's 20 deltas and right now it's currently I got filled at 835 and it's currently at 820 And I've gotten an order at 665 to get out of half my contracts in a trail stop at 1350 The coin base trying to hold on there it came down popped back up Took a pause. Let's hope it's hope it now rips through highs That's some p down 10 nasdaq down 31 down down 53 so it hasn't The indices haven't haven't gone too far since they opened but man, I'm just I'm It just doesn't look like I'm going to get anything on some of these, you know apple meta Amazon microsoft it just It just doesn't look like any one of these want to give me a A set up here to trade just due to such low volume Yeah, see netflix pushed down popped right back up. I wondered if it would be continuing upward I was going to give it about 10 or 15 more minutes and if it was still holding I was going to maybe get long for an upside continuation Yeah, I was looking in the video too It's kind of the same thing But It's it's pushing up now. I see it's breaking through highs. So It was a little early to do a continuation runner, but But that's kind of what you look for is you look through a little bit, you know Some just consolidation where it just kind of doesn't go anywhere After a push up I mean if this would have happened about you know 10 and 15 minutes From now probably would have And it still might still might come down here. We'll have to just keep an eye on it And sometimes on fridays like It just doesn't move much, you know So you got to be careful with theta decay too. I mean, even though we're on the seven DTS Price doesn't move Coinbase trying to get through yesterday's high. So that's good. I've got an order in it. I got an order in at 390 To close another quarter of coinbase So baba had a little mighty 90 short here Although there's you know, not a lot of separation there. Let me check it and toss Yeah, I would probably consider that a mighty 90 and uh Baba so let's take a look So if they can push up to the top here, I'm jumping to put here and I would trade the 81 puts So I'll put an order in at um A buck 60 see if no hit me It's gonna have to push up though This is where you know, you've got a little bit of separation there like With the mighty 90 and then it pushes up even more That's where I really like to get filled I love for it to push back up, but it may not that doesn't look like it Yeah, if could have gotten filled right up at the top here, it's probably be even be out of half right now Yep, you're gonna cancel my baba JPM staying weak intel staying strong Uber pushing up And now a little little pull back here could be upside continuation Netflix coming back down What I want to Netflix What Netflix? Calls are setting that right now Yeah, I'll jump in some Netflix calls 410 calls Try to get filled at seven bucks A little upside continuation Build at 710 a little upside continuation runner in Netflix on the 410 calls Man tesla. Whoo pushing up Build at 390 Coinbase to shed another at two coin bases left So if Netflix breaks down below right here, I'll probably bail on it so you can kind of see where the Key level is how it's hasn't gone very far and what? 30 minutes Yeah, two coin base left Definitely could have got a better fill than I got in Netflix. That's for sure If you're new I always tell people, you know, don't don't think you got to get the exact fill that I get sometimes, you know, I adjust my I look at like how much time is left in the five minute bar And a lot of times if I really wanted to trade and it's in the last minute, I'll just adjust to get filled Or depending on what price is I'll just to get filled And you can see Baba it really it really pushed up I definitely would have gotten filled on that mighty 90, but It looks like it might put together a big green volume bar. So I'm kind of glad I didn't Asla Maybe getting the mighty 90 short Yeah, and Nvidia is still consolidating. That's correct. So Netflix coming down It's kind of right there at that point where I want to see it bounce So I'm in Netflix rather than in video. I mean, they're basically the same thing So I'm not going to do both of them. But if you're not in Netflix You know, I wouldn't get in Nvidia unless it comes down to about right here for bounce I'll thought that might happen Okay, so Netflix You know, it's it's dipping its toe below. So I want to see it hold S&P coming down a little bit it's down 17 now So you can see why it's important to get a good fill like in net in Netflix Like if I could have gotten a little bit better fill You know, then you're it's like you can you can get out of half a lot easier but No, everything was everything was starting to push up. You see how tesla pushed up and I just I got in I was aggressive on my get in there, but It definitely came down some more. All right, so netflix I'm gonna go ahead and cut my netflix built at 635 close netflix So broke down and it may still bounce but you know I only did a couple contracts And I could have added maybe but you know, I went in with just a couple hoping that it would bounce and if it came down I could add but It's just pushing down too far now to even add to it. So I'll just take the small loss And that's what that's the beauty of a continuation runner You know, if you get filled close to where the you know, in this case it would be a long would be a upside continuation because of this push up But if you get filled on, you know, the bottom part of the consolidation area And it goes against you. You know, it's it's not a big loss So it's kind of something we kind of take for granted with these strategies Like if you if you if you play them right Shouldn't have massive losses I think starting to get pretty weak now s and p down 21. So it's really starting to fall So check my zero dte Yeah, it's in the it's in the negative right now. So You need to bounce here or uh, it's at nine bucks my stop is at 1350. So it's got a little ways to go but but uh I tell you it's uh There's not a lot of positivity going on right now in the world. So There's not a lot of reason for stocks to be going up. Unfortunately And I think I saw something this morning about What was that? Treasury yields Were as high as they've been since 2007 Which we know what happened then So coin base coming down Yep, that's right. But we'll be just way too much uncertainty. We need to get some We need to get I mean, we all have our political opinions, but I just don't feel like we have strong leadership Going on at the moment here in the united states and A lot of uncertainty a lot of unrest a lot of wars So coin base as long as it holds above this pivot, I'll keep it. But if it starts like and like it wants to just start Flushing like some of the rest of these then I will Just bail on it. It's kind of trying to look for a downside continuation runner here, but The vix is still negative It's really hard. It's really hard to get in some of these because The range is so tight Netflix sitting up for a rebound upside runner I mean, I don't trade up the rebound runner very much. So I'm not really I mean, I probably haven't traded the rebound runner in a couple of years something I probably could Go back over and polish up my Knowledge on it's just that You know with the mighty 90 the volume runner and the continuation runner as three strategies And that's kind of all I took on when I Started leading the live stream felt like that was enough to to be trading And it just seemed like the continuation of all your runners were just A little more consistent. All right, so coin base. I'm gonna go ahead and get out of it As things look like a flush is coming built at 340. So Still a good trade, but man I had a couple contracts left from this pulled back here. That's the p-down 27 P-town Yeah, it's a little mighty 90 there, but I mean, it's just such a small stock, but that's a good I mean, you're correct in identifying that volume was Pop is bigger than the previous and then you got a little more upside be good, you know, if this was a Stock that was a tradeable in terms of its price. I Will be a good spot to get in So not currently in anything in this flush Yeah, I mean, I'm probably up just a little bit because of the Netflix was a smaller losing trade, but Yeah, sitting here trying to find a short to get if we're getting this flush, but there's just it's just nothing Microsoft is looking like a little mighty 90 That volume is so small though But it's setting up for a mighty 90 long That's the p-down 28 Dow down 176 NASDAQ down 94 So I'm gonna have to keep an eye on my iron ducts as well that I have on I had a couple iron ducts that were Sitting right in the middle of the duck head so let's try a little uh Try a little Microsoft Mighty 90 here. It's already bouncing. You kidding me? Never mind Still the volume's really small though So Roku I'm gonna try a little downside continuation in Roku range is pretty tight, but 61 puts In Roku Now let's wait a second here. Is there a better option to get short on this uh bounce? Quick base bounce right back up See Fridays can be a little erratic Well, Roku really pop back up of course tight range though It's not as far as it's not as big as it looks I'm gonna get short, uh, amazon on a downside continuation 126 puts Where's my sound? Why is it not making a sound filled at 465? So it's pushed down has a little two bar pop up Looking forward to roll back over Now we close half at 510 That's some p down 29 Not looking good for my zero DTE iron condor It's up to 1015 my stop is at 1350 JPM just bleeding lower I was considering downside and that one but didn't bounce much Wow, look at Roku really pop up Of course, I mean when you look at it the range is what 61 0.5 A 5 tenths of a point so You need to bounce out of the s&p to get my Iron condor back in green But futures are not looking good. You can see The old flush we got going on here Like to see a little bounce Except in amazon it does not bounce P down 30 now Amazon trying to roll over You can see why that's gonna. That was a good out in netflix there See down 31 Get out in coinbase Uh alpha options. You probably want it. We don't we're not doing the reverse iron condor here We're doing the mighty 90 and runners So you want to go to the zero dte chat for those and then on the live stream so if you click on Live stream channel under the day trading channels you can see See where it says on the 20th today. It's me live. So that would be Mighty 90 runners and then the zero dte the orange would be those Iron condors reverse iron condors and whatnot So amazon trying to roll over here for us Even though it's a tight range here S&p still down 30. I'd like for it to just hold right there I have an order at 5 10 to close half of my amazon Man, is it gonna get bloody today or what? Costco bleeding lower So amazon came down to where it bounced So will it bounce again here? And will it push through loads of day apple looks like it wants to push through loads of day So it could have gotten that's another one. It could have got short right here on this popped up Nasdaq Is the weakest? Well, I guess nasdaq and it's appear about the same down three quarters of a percent S&p down 31 though. I don't know that it's gonna hold The dow tried to give a little has tried to give it a little bit of a bounce here But S&p is not looking good. I'm not quite sure how I did not get filled in amazon Filled at 505 so I got out of half my amazon Because I wanted to shed half Amir, that's the That's the 126 puts Not the 61 puts not sure how you got 61 there It's amazon's the 126 puts S&p's still coming down down 31 Nasdaq breaking lows Man, it might be bloody day folks. And we got roku Popped up came all the way back down Microsoft pushed through lows S&p down 33 It's inching closer and closer to my stop On my iron condor Amazon, what are you doing? so amazon i'm just It's 930 central so i'm not going to get in any more trades here. It's just Not many good setups plus The range is so tight and all these so amazon if it if it bounces And it gets back above Where it got forced down right here I'll just cut it. Otherwise I'll scale out so That's how I would play it So gc is like a tight range and so if it just doesn't if it also if it if it just doesn't move much I mean it's a 125 30 I mean it's all within a point here if I don't see much movement. I may just close it out too. So not waste my time so Let's see live stream next week Well is the same as it was this week. I'll be back monday tuesday and friday of next week steve here wednesday thursday Everyone have a great weekend talk to you later Peace