 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 Gup is a brand new day And we can't miss out on that dated K 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 Fucking gaps up, look for Uncle Rick More than everybody, you know why we came here today Now let's get to it, let's go Good morning everyone, happy Friday Today is March 8th Welcome to today's Zero DTE live stream Had the job reports this morning Stocks were a little bit lower Now they're up, S&P up 8 NASDAQ up 19 Russell up 20 Dow slightly red Gold up a half percent Silver, flat, notes and bonds Flat, tenure yield down about 0.4% Oil and natty gas a little bit red Soybeans a little bit red Wheat a little bit green Corn a little bit red Euro and the pound Slightly green Bitcoin slightly green What I've got for today is My NDX daily trade Will go on at the open I actually, I adjusted my bot to go in A couple minutes after the open To see, I tested the fills a little bit yesterday I don't, you know, it's gonna depend on the day Sometimes you're gonna get a better fill at the open Sometimes you're gonna get a better fill if you wait a little bit But I went ahead and adjusted my bot To get in a couple minutes after the open And then depending on where VIX is On my early Rick, I have a minimum VIX of 14 At the freeze, it's at 14.02 So I'm just gonna let my bot decide If Rick is gonna go Or not go We do have a, you know, based on the expected move this morning We've got a 25 point expected move So the pricing of Rick at the open I would say is not gonna be great Anyway, but I am It's in my challenge portfolio So I'm just letting it do what it does About a 25 point expected move In SPX Currently in about a 129 point expected move in NDX VIX down almost 3% After the, it was down about a half percent Pre jobs report Now it's down about 3% Opening bell in about 40 seconds I will plan to do some Discretionary re-entries today Just kind of A little more Chad style Just kind of based on price action Or when I think we may get some consolidation But any normal Premium selling is negated Because of the big vol contraction There's the bell Oh wow That was my AVGO Earnings trade What just happened here I have no idea what just happened I put an order in In case it popped up Anyway, I'll have to come back to that All right, at the open SPX Expected move about 25 NDX A little over about 129.4 I did get filled on a On a Rick 129.4 All right, so my early Rick Got filled on NDX at 431 So on my early Rick I'll just do this That's my early Rick And I got filled at 13.75 On my NDX I got filled at 431 And I am on the 400s and 200s Same as you discount So the upper expected move on NDX Is at 18442 That's quite a bit above the range More than normal And then on the downside Expected move is 18183 Huh, yeah, I didn't It's not covering as much of the expected move As it normally does But That is it So I got a max profit of 862 Max loss of 1138 Pretty typical SPX getting a little bounce I did get in a Bitcoin Some Bitcoin long futures Earlier and that's working nicely Obviously Bitcoin's been strong I had a little pullback Retracement of yesterday's bar Started to push up So I got long MBT Looks like I'm up about 900 already Got in Right as it kind of pulled back In that little consolidation Then pushed up So let's see if Bitcoin can get us Some new all-time highs today So we've got I got filled on my RIC at 1375 So my profit target's at 1855 I've got a little higher threshold for VIX At 14.5 on my late RICs So most likely we will not Get there unless stocks sell off And the VIX gets pumped Could happen Actually a better price on RIC Than I expected with the expected move That we have of 25 So the upside expected move for SPX Is about 51.89 and a half Downside 51.39 and a half Bitcoin's rocking Got filled on a couple of little orders To sell some In MES, for those of you Following my options selling stuff So the one that expires In 42 days I'm going to give it over the weekend We'll be down under 40 days That thing has been pushing to the upside So we'll end up taking a loss on that one But just to manage risk Once we get under 40 days I like to close that on those Also next week if we get a On a day that we get a ball pump These 105-day options will then be Down closer to 100 days So I'll look to layer into Some more short premium in MES So what did I do in AVGO here? I thought I put an order in to sell But it's showing that I bought Two lots of butterflies One, the second to market opened at 8.30 Oh, that was yesterday Yeah, okay, so that's the one I bought yesterday For some reason What I did I must have put the order in wrong Anyway, we did not get a big up move in AVGO So that will End up taking a loss on that If you are new here Make sure you check out the ZeroDTE Resources channel Which can be found right here Scroll up a little bit at the top There's a ZeroDTE checklist That's where you want to start Every month I post my trade plan In the Trade Plans channel As you can see here And then others post their plans as well So the idea is to get a feel for some of the stuff that we're doing And then you can build your own trade plan With your own size and risk tolerance Based on your portfolio and all that good stuff And then during these live streams We have a lot of downtime You know, we should get in a few trades And then we're just kind of chatting So use this time to answer Or ask any questions Let us help fill in the gaps if you have any questions Today's live stream will be pretty short Got in my positions Not much else to do at this point So we signed in off here shortly But if anybody has any questions or topics You want to talk about Feel free to post in the ZeroLive Chat channel SPX breaking up above its five minute First five minute bar For you calendar traders I will be trading some calendars today I'm going to do the five seven The three six and the three seven I'm going to pass on the six seven I'm going to pass on the four five We've got next week We got nothing on Monday So I definitely wanted to sell some three day options Which is Monday And then someone do three five, three six, three seven Oh, I didn't put three five on here Yeah, three five, three six, three seven And then I'm going to do a five seven I'm going to skip six seven Because the shorts would be on PPI day I'm going to skip the four five Because my shorts would be on CPI day Four five would probably be okay But I'm going to pass on it I've got some short premium in gold That I sold yesterday Natty gas, I've adjusted a couple times Corn, I've adjusted I think once, maybe twice Dead center So those are doing fine Yeah, I think that's right, Maro I do also have One of the others, I did put on a Another calendar yesterday as well So I have some more exposure With my single calendar It's right here Got a duck that's bounced nicely Since I put that on And guess what, my friends We're hitting new all-time highs In case you were wondering Fifty one seventy four NDX hit it ticked it Ticked all-time high yesterday Hasn't quite pushed up to a new one today Dow still consolidating a little bit Under its all-time high that it hit on February 23rd Bitcoins all-time high About seventy thousand one ninety five That hit a few days ago Currently at sixty nine Two two five I was looking at wheat for a possible short here It's been weak And kind of retraced yesterday's bar came down But I think I'm going to pass on that one Gold new all-time highs today Twenty one ninety two point seven Lot of frothiness my friends Lot of frothiness What's that Frank D You haven't heard what all-time highs Is that what you're referring to Yeah, gotcha gotcha So Chad's trades don't really start until Typically after we get off of this live stream So he didn't he didn't really have a lot to To say so he'll still be Joining the power hour streams And then he'll do his the day of the morning ones When he's doing the mighty 90 runners but Just didn't didn't really make sense for him to keep coming on These mornings zero DTE one since he gets started a little bit later He'll wait for a couple pushes Before he Consideres entering All right my friends I'm going to sign off Everybody have a good day Make some money Come back in power hour I mean these uh These premiums are still pretty decent If you look at SPX four dollars Thirty five forty wide Looking juicy So I'm not I'm going to do some re-entries Once I start to See that there might be a little bit of Insolidation going on right now That is not the case This thing is just push push pushing Vix is staying pretty bid still still at 14 So we shall see All right, I'll have a good rest of your day chat with you soon