 Good morning everyone. Happy Wednesday April 17th 2024 and got some green coming in today Now up a quarter percent NASDAQ up a little under a half percent and that's some key futures up a half a percent So pretty good bounce overnight and the VIX is Down three over three percent still I mean relatively high for what we're used to Seventeen point eight two Morning Chris morning up here. Let's see as far as stocks go and video up a little under a percent target up a percent Most everything's about a third of a percent to a percent and just about everything's green Infiled down a half percent morning VJ Riley and welcome. It's like bowings down by do they're in the red Other than that a Lot of green Hopefully we can get Hopefully today. I mean even though yesterday was profitable for me. It's It just seems like those days when you get 10 20 30 point moves in 10 15 minutes. They're just more stressful. We just like to see them. I mean The big moves up and down roller coaster just Much more stressful than what we like. So play for zero DTE. It's a little calmer day and there is the bell And as that starts out up 64 S&P up 19 Yeah, so today we trade the ones closest to zero. So Would be the two DTE Two days to expiration Not the not the nine day The only time we do the following week is on a Friday Which we haven't done a This live stream on a Friday in a while and it's not actually Friday is not really my favorite day to do these so Lot of green on the board Stocks pushing down here. We got stock coming down Vicks coming down Now up 144 my tech stocks coming down In our start of our second bar here Be looking for a volume runner here at the gates. That's volume bar as big as the first for bigger And in the same direction apple pushing up Right blockchain getting a volume bar that's pushing up if you would like a smaller stock to trade that's Too small for me, but coin base also getting a Bar that's going to be as big as the first but it's in the opposite direction so Well being on that And do you position size any differently from mighty 90 bar runner? No, my position size is the same Always position size so that I could add to it Hopefully that the Vicks doesn't just get crushed all day today So riot blockchain almost there other than that there really a lot of some Small volume here on the second bar CVNA. I don't even know what that is what What is CVNA and they're traded that it's weird it has a Bar that is red and then green even though they both look green in terms of price action Yeah, too too small for me CV and wait. No, that's that's that's the wrong one in my CVNA Too wide a too wide a bit asked that's probably why I've never traded it At the money calls are 230 and 293. It's way too wide to trade So when you trade the these these strategies, you don't want and you want the bit ass to be tight Yeah, we'll look for some mighty 90s So far nothing looks very promising You don't like to get volume like this out of gates like Nvidia Or it's kind of just stairs stepping down Uh meta netflix tesla bowing bayou disney amd win intel all in the red Goog pushing up Soft getting strong Bicks coming down NASDAQ though is Hasn't done much and yesterday when drone pal started speaking as Just couldn't couldn't believe the price action. He literally Basically set a greeting Like, you know, thanks for being here or whatever And the market immediately dropped like 20 points I'm just saying just a greeting like good lord Goog Might have a mighty 90 developing Netflix might I don't know. It's not gonna get there You can see goog just I would like to see more volume pop there technically it qualifies, but Let's see if it'll push up a little bit more Yeah, I like to see a little more separation there So we'll see if it pushes up one more time All right, goog. I'm gonna jump in. Oh, man Well, that's one cvna still Gonna look at getting short goog on the 160 puts Trying to get filled Originally was thinking 220 might not be able to get that Let's put it at 220 and see if it comes up and gets us Let's see Yeah, I mean technically, yeah But I like to see it push up a little bit more. That's why I said it to 220 but it doesn't look like it's gonna hit us I'll keep it there just in case it flips pushes up Yeah, so I just envy a volume like you just don't want this like the stair stepping downward Oh when had a volume runner? Downside volume runner, but it hasn't bounced All right, I'm gonna cancel my goog Bummer, I could have just been aggressive and jumped right in I saw I get down to like 226 But it's now coming down. What else we got in video really kind of pushing down here Nasdaq touching loads of day Not seeing anything else Let's check wind Yeah, there hasn't been much today So if you're new We just don't force anything here Wind's bouncing a bit Did you get any goog Krish? I'm gonna get short wind here For a downside volume runner, it's like a fairly low risk trade 99 puts Little to buck 36 win Right here So it had it had two big red bars for downside volume runner and then it bounced and so My exit point would be if it comes above this red Bar right here Where the last big bar was So if it pushes above it, it's gonna be you know, so much just small loss And I would get out of half at Buck 50 Seems like when it's falling asleep Yeah, so not many not many setups today We can just get a little drop and win and that would wouldn't take much. I don't think Literally hasn't moved this whole bar early since I got in Nvidia a little bit of a mighty 90 again. It doesn't have the Best separation there and it's already bounced. So Oh meta's got a nice mighty 90 How do I not see that come back down one time meta So you can see on that mighty 90 like if you're new That that's the type of separation I like to see in a mighty 90 Clear volume pop darn it If you get in down here like before I already booked 10% I Why I missed that one But that's what I look for in a mighty 90 Now it could push down one more time And then I then maybe I'll get then I would get in but It may not Shucks that had been a good one I mean, that's a classic mighty 90 setup right there right there When man this just comes down a little bit more of them be golden I mean you could tell the difference between um That meta what was the other mighty 90 I was looking at Well, I mean look at Nvidia You could tell the difference It still might come back down we'll see Things kind of feel like they're getting weak Vicks coming back up I'm about five cents away from getting Built on half my win When when sometimes the option like the bid ask that's a little funky They can be wide sometimes I don't trade win a lot because of that And when it doesn't move like it's not moving at all. I mean you just can't book any profits That's also why I look for you know, what's the range of the stock? now, I mean That's a really tight range. Sometimes I won't get in either Metta would have been a good one Tesla Coming down through lows of day Continuing to get hammered And setting up for a potential mighty 90 and tesla build at a buck 50 and win They go win I look at look at meta darn it All right tesla it's going to get a mighty 90 here So I would trade the 500 calls I'm just going to jump in quick here. We got 15 seconds left Okay, and then I'm not going to jump in with that price see what comes down here See if it gives me a push down these last 10 seconds. Oh shoot. I was on the wrong stock I was on meta Glad you said something glad I said trade 152.5 calls won't give me a push down getting pushed down Put it at four bucks See if I get filled at four bucks On the 152.5 calls. All right, I'm gonna jump in here Is it gonna hit me? Get out of another win as well Build at a buck 70 and win Get out of another build at 405 and tesla in the 152 0.5 And I would close half at 445 Oh the trades channel Yeah, I'm here. I'm in I'm in tesla Not meta You know now win wants to pop back up or what bounce so win bounced off yesterday's low I want that to happen Metta hasn't given two green bars yet on that mighty 90 that All right. I'm gonna get out of win Thought of the buck 50 Just gonna take my profits. It's the range is so tight Things getting weak Vicks coming back up to almost where it opened Baba with a downside volume runner NASDAQ is now in the red Vicks popping Tesla really hasn't moved for me Yeah, s s and p is really really falling here Coinbase falling This is an example of getting a good fill in tesla So it's kind of remained red But it's still sitting about where I got in Microsoft had a little mighty and had a mighty 90 here as well It's a nice little mighty 90 in Microsoft Tesla does a push down again. I would probably add to it No bouncing baba as Microsoft mighty 90 that's what we want tesla to do Yeah, I mentioned that but it hasn't bounced Got an order in at 4 4 5 4 45 in tesla We'll be looking for two consecutive green bars. I definitely like I would if I had to choose Which one I like better would be Microsoft in terms of mighty 90s Simply because the push down is a bigger push In that five minute range If you can get good separation and a good push And the and you know, whatever direction that's What you're looking for, you know tesla actually like it wanted to give us one green bar Microsoft kind of Reverse there I'm going to jump in this Microsoft mighty 90 Filled at 405 on the 415 calls 415 calls so Same price as tesla 415 calls And I would close half and you can definitely get a better fill than me now I guess it's about the same but I will close half at 445 just like tesla And if they both push down, I will add to them. I consider this a green bar I had a tesla. That's pretty much a neutral NASDAQ still coming down though Come to Microsoft So I will add to Microsoft If it gets down to like 360 ish And you know stops right there. I mean it hasn't it hasn't come down anymore like it It's come down right to where it bounced So Tesla still manages hasn't really moved much at all All the NASDAQ really falling Built at 365 to add to my Microsoft And I would close half if it bounces back up to 405 my original fill Tesla did not come down far enough to add to it darn it Microsoft 405 I'll get out of half which was my original fill Tesla's still right around 385 390 All right tesla you gonna make me add to you as well Gotta come down a little bit more See if we can get one more push down in tesla And tight range in tesla today It looks like it's a little wider than what it really is Dow and S&P are still green Believe it or not Yeah, it's Microsoft sitting about where I added And if you knew like one thing I do I don't do is I don't look at my P&L Like I don't look and see how much I'm down I don't look and see how much I'm up Because that way It doesn't affect my decision-making Like I know Based on position sizing What is what I'm okay with in terms of Being down and being up You know, I'm okay taking a You know a loser um Based on What up where I'm entering And if it goes bad on me and that's something I I highly recommend you guys try to train yourself on too You stay more mechanical when you don't look at your P&L and you don't trade with emotions Tesla kind of back up to where I originally got in I honestly to be honest with you that I like adding to my d90s So getting down in the trade and being able to position size so that When you first get in You know, it's okay for it to go against you because It can be a real benefit to add to it There may be a time or two here here and there when it goes against you and comes up, you know Turns into a big loser But it's a much higher percentage that if you stay mechanical and do that that it will end up I'm working in your favor And like my mighty 90 results in the past year have really shown that Starts to see some theta decay here if we don't get to move in price action Man micron just bleeding lower. No, no, no green bars after the first one Yeah, no bouncing Bobo Tesla just gave us one bar green bar See if we can get a second It's back up to where I entered See the value of adding to it Is when it comes back to where you entered your book and profits So tesla has actually, you know given us a little bit of bump up, but I'm not booking profits yet because I wasn't able to add to it So, you know microsoft could just get back to where I originally entered I'm booking profits Come on tesla give us one big push here microsoft Two nice big green bars that you can roll over and go Down as far as you want and as weak as things are probably you would follow the rules and just close the position after two green bars See if I was able to add to tesla here, I'd probably be out of half by now It's been a struggle to get Either one of these stocks to get any upward movement Come on microsoft microsoft had a nice little Push out of the gates Ssh You can see the tight range Just doesn't get doesn't pay out So I probably will be closing my tesla here as long as it stays green because Even though it's that might be a scratch trade or a small profit on microsoft really coming down now Huh Sure, what's going on microsoft? I guess nasdaq wow nasdaq really falling Man, I was hoping for a calm day for tlc trades And what do we got got this just Big push down out of the gate Yeah, definitely don't want to be in it. All right, so i'm going to be closing tesla here It's giving me two consecutive green bars It's pushed up Really can't be mad at tesla go ahead and close it here. How much time I got left? Got a little over a minute. Come on. Give me one good push up tesla Before I close you out One good push up before I close you out Doesn't look like it's going to give me that push so i'm gonna go ahead and close it Filled at 420 to close tesla bummer Oh, well small winner. I'm sure it'll just rip now Yeah, there it goes gotta love it Well, at least our new people can kind of see You know what the rules are and how I abided by the rules Unreal at least hey at least it's sort of microsoft rolling Yeah, I would have hit my first profit target in tesla by now All right microsoft let's go I got an order at 405 to close There you go riley. Come on microsoft. You're so close There we go Build at 405 in microsoft to close half That's it microsoft. Oh, yeah Get out of another microsoft at 440 you can see the I mean hopefully like If you're new like this is what a mighty 90 should do So i'll be getting out of My microsoft after the second consecutive green bar Well, is that all you got microsoft you got a minute and a half left So i'm gonna go ahead and wait this minute and a half Come on. Come on push up You can do it Or maybe you can't Break even would you lose in I had three winning trades That's it. Good job vj You buy vj or go buy riley Filled it filled it four bucks to close a vic. I may not remember that since it's not part of your name But out of microsoft at four bucks so 474 dollar green day for me When we didn't have a lot of options we didn't have a lot of setups, so You can't argue with that. I will see everybody back during power hour Talk to you later Peace