 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 day to decay Get your day planned out to be at your best And you gotta make sure you got the right back tests 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 Follow your plan to keep your pocket stick If that markin' gaps up, look for Uncle Rick Small gap down means it's time for a duck But if it's in everybody, you know why we came here today Now let's get to it, let's go Good morning everyone Welcome to today's Zero DTE livestream April 1st, 2024 Hope everybody had a good Easter The S&Ps were up over 20 at one point last night Only up one NASDAQ up 18, Russell up 3, Dow down 48 Gold up almost 2%, Silver up over 2% Notes and bonds coming down 10-year yield Up over 1.3% Oil pretty flat, slightly green Natty gas up 3.5% Soybeans green, wheat red, corn red Euro and the pound red Bitcoin down 1.5% VIX at 13.74 So my plan for this morning My Monday AM ratio In my challenge portfolio, I'll be doing the Re-entries as well as the 1DTE I will also be doing the NDX A little bit later this morning, my 9.45 ratio Sprinkle in some discretionary Price action iron condors If they set up My quiet midday tranches Potentially PM tranches And then power our Hopefully the bots are firing on all cylinders this morning Seems like it's been on a Monday a couple times Where they've had issues so Be watching it closely I'll be ready to fire them off manually If there's an issue with the bots Good morning, Krush How is everyone's Easter? Yes, it's very thrilling Tomorrow, very thrilling Also, I'm going to be putting on a 3-4 DTE double calendar this morning About 15 minutes after the bell We've also got ISM Manufacturing PMI that comes out 30 minutes after the bell And we've got the FOMC member Is not till a few hours after the market's closed So no issue there Tomorrow morning, 30 minutes after the bell Jolts Then we've got several of our friendly neighborhood FOMC members Speaking tomorrow Wednesday pre-market ADP non-farm role Non-farm ADP non-farm employment change ISM services and Powell speaks At 11.10 am, along with a couple other feds Fed heads Thursday unemployment claims pre-market And some more Fed speak Friday Employment data pre-market And some more Fed speak Lots of our little friends Speaking around the neighborhood Looks like the expected move Is going to be about 16.9 In SPX Sassy blue angel Sassy blue angel I say that right Welcome, welcome So you're going to see everything that I do in the trade plans channel I post my trade plan with all the Back test links, all the criteria of exactly what I do So you'll know You would know ahead of time exactly what strikes will be selected, all that stuff The idea is to use, to check out my trade plan as well as some others And eventually build out your own trade plan I've been using trade steward automated Because it connects to TOS To manage my trades but You don't have to start that way, in fact I would suggest not starting with bots I would suggest starting Trading them manually and then If you decide you want to automate it Go from there Okay, looks like the old bots are firing AM ratio, iron condor 52.65 calls, 52.45 puts The shorts that that one came in on Next up, my re-entries are coming in And DX coming in So my one to one Took the 52.50 puts, 52.60 calls So that was 40 wide Excuse me No, 52.50, 52.60, 10 wide And my 3.2 is on the 45.65s And my 1DTE is on the 40.70s All right, so all bots fired So let me do a quick recap here Of what I've got on So I've got my NDX trade Which is on the 18.200s And the 18.340s I've got my AM ratio Monday trade On the 52.45, 52.65s And then in my challenge portfolio I've got the, on my one to one Is on the 52.50s, 52.60s And on my 3.2, I'm on the 52.45s, 52.65s Same as my AM ratio In the other account And then on my 1DTE I'm on the 52.40s, 52.70s The 3.2s are already up 10% Some little decay coming in there Is here Quick little decay coming in on those 3.2s So far I set up my Expected move here Is at about 16.9 at the open So the upper expected move in SPX Is about 52.74 and change Downside expected move about 52.41 SPX bouncing a little bit at the open Russell getting weaker Dow still red Trader year's connection to trade steward is not ready yet Reinhardt But just fired What is the deal with Rutt here where they've got two Zero DTEs but Is that an AM expiration? And he may, my Rutt hedge just fired I did not expect it to It doesn't say AM expirations It says zero DTE on the Expiration but it says April 2nd So I don't know what that option chain is To be honest It's got Same liquidity as normal Anyway, I'll come back and figure that out Cody, can you show you what you entered on the one to one On premium My one to one I got it for 10.55 on the 50 60s 50 puts 60 calls The credit of 10.55 So my NDX NDX is already out of range What is going on here? Nasdaq is Really pushing I didn't see what Nasdaq's Expected move was for today Did anybody catch that at the open? It's currently at about 83 and a half Let's just say it was around 85 88.9 Thanks Thank you, Michael Todd So, yeah, Nasdaq has already pushed through It's upside expected move for the day See what's driving that M.U.S.M.C.I. All the main chip culprits It looks like Google AMD and Vidya Yeah, all the big chip boys Are flying this morning SMH up 2% Leading the way Regional banks down So Russell's down Nasdaq the strongest Russell is the weakest But not even I actually got a little bit of a late start this morning So I actually haven't even Scanned through my futures On Friday when the market was closed Did the Kind of did a walkthrough of How I do the Have my how I do my day trading on my futures So Dow pushed above Made a new all-time high And then is dropping Dow's been really weak Compared to the other indices Come back to that I may I may consider a short and now Notes and bonds are falling Ten year yield up Almost 2% This this inflation thing is not dead My friends is not dead No matter what Jay Powell tries to tell you So here's So 6 E is interesting as well As I talked about this kind of a Spending downtrend retraced yesterday's bar The previous days bar now it's coming back down Looking for some momentum to the downside I'm going to take a short in a In the Euro 6 E 6 E M Alright so here's what I do So I'm not I'm just I'm basing this off the daily chart So I'm just going to get short the Euro So I'm short a couple of contracts Now I want to put my Like if it goes back above the high of today I would just get out so that's that's my Exit point if that happens I'm just I was wrong So I would get out so The high of today is 1.0833 1.0833 Yeah so right here So it goes there I'm out so now I can see On my platform the thing is One kind of easy Thing I like about trade evaded So my risk is five hundred seventy five bucks On the two contracts so this is So I do this sometimes because You know all these different futures Have different denominations And so you never quite know You know before doing the math beforehand So sometimes I just put on a couple Contracts and they'll come back And now I'll just add a couple more So now I'm close to that thousand dollars Of risk that I like to put on With these trades And then what I'll do Now if I'm trading the S&P or NASDAQ Or gold or some of these others Then I know what the dot I can calculate that pretty quick But on something like the Euro That I don't A I don't trade as much And B it uses five decimal points You know That's something that I just kind of Ballpark to start and then figure Figure it out the easy way And then I will I'll just place So I'm in for four lots So I'll place one profit target Um Let's just put it at like Right around a thousand bucks And then that way if that one hits My platform will go off giving me a Notification that I got to fill And then I'll come back and Check this if I haven't looked at it already And then I'm gonna delete I'll delete a couple of these profit targets Because if this thing really rips To the downside I don't wanna I don't want it to take me out Right so that's it on that Like the Dow short here too Let's see if the Dow bounces first SPX still going up NASDAQ still going up Russell and the Dow are red Alright so I'm gonna put on a Three four DTE double calendar Which I'm gonna get filled on my three four Alright just posted my three four In the calendar channel Alright so SPX a couple of little green bars A little bit of a pullback We uh Let's see did we hit a new all time high No we did not All time high fifty two sixty four point eight five We did not quite get a new one today Let's see if it's going to Hold off on a new all time high Doubtful I would say doubtful NDX is a little bit below its all time high from last week Eighteen four sixty four Three two ratios are up about seventeen percent already Get some good decay there My one to one is up about five Five and a half percent my one DTE is up about five percent NDX is out of range NDX needs a pullback Gold rockin' this morning Hit in the all time high it's pulled back now It was up almost two percent Uh Maro is that question for me What's fifty delta one What's that question on my calendar maybe It's not it's not fifty delta it's uh Twenty five delta calls fifteen delta Excuse me twenty five delta calls fifteen delta puts Let's see what you got Maro Looks pretty steady Eddie Fifty delta three four DTE Open at the open on Mondays Profit target twenty three percent Does it perform going back further Still good See the most of these come off on the first No most of these looks like a lot of them are held Till Wednesday Thursday Tuesday I kind of thought maybe they A lot of these would hit same day on Monday but it doesn't look like it Yeah in fact they very rarely do on Monday interesting They get a little bit deeper in that Thanks for sharing appreciate it White Tiger coming through with quick math By the way White Tiger shared his trade plan That I shared in the trade plans channel Thank you for that White Tiger Good stuff Let's see I've got a couple of Let's see non-zero DTE related I've got a couple of time flies on April twelve fifteen I still hasn't fixed the risk graph So these are actually it's actually down Up got a couple of hedgehogs in Yes this one is down a little bit This one is down a little bit as well We also got one in the NASDAQ One is up a tiny bit So I got some short premium in MES This one with eighty one DTE Rolled the puts up once on that one Then this last one that I'm trying to get Closed out of my challenge portfolio Rolled the puts up on this one as well This one's got forty six So by next week at the latest I'll close this Or if we get a down move Might get close to profit target So my one to one Could use a little pullback My three two sitting pretty My one DTE Up about seven percent Doing fine I don't know what that is Sassy blue angel If you go to the trade plans channel And you scroll up like three posts from So March twenty nine That's my trade plan I've got a video and I've got my Strategy sheet So it's in that looks like a Maybe Dick K's challenge or a calendar It's in this one here Yeah it's my it's my post from the For March twenty ninth That's my that would be my April plan What's what's your what's your story Sassy blue angel are you what kind of Options trading experience do you have How long you've been trading Fun fact about yourself What's your sign Tell us a little bit about yourself Anybody else new here as well Feel free this is these live streams Are for you all to answer questions Ask questions Hopefully we can answer the questions Trade SPX and ES mostly Trading options for five years Want to be more consistent cool You've come to the right place my friend You have come to the right place Just just keep in mind that You know obviously over the years We've built up a pretty big Content library right We've got a lot of content So when you first jump in It's going to seem really overwhelming But just You know take it one step at a time We've got a A lot of really good traders in here You'll you'll see in the trade plans channel That you know some of our experienced Traders have posted their trade plans as well There's a ton of good stuff in there But it's all but it also can be overwhelming You know as you're trying to build your trade plan And figure out what's best for you And your account size and your experience level And your risk tolerance You know everybody's different So the idea is to Take in you know what a lot of other People are doing that are having success with And then decide how you want to do it Uh John Kay don't worry about What other people's account size are It doesn't matter Uh you can do you can do Plenty with thirty to forty thousand dollars account Remember if you're doing If you're doing let's say you're doing a fifty wide Iron condor That'll that'll take about five thousand dollars Um per contract Okay So Whether you have a thirty thousand dollar account Or a three hundred thousand dollar account Or a three million dollar account You know it's just it's just adding Number of contracts So don't don't get caught up on You know the other thing you'll see is people posting Some massive gains on a daily you know On some days that That you'll be like well you know Gosh that that I can't do that Because my account's not that big Don't worry about it Like that that's not the that's not the point The point is We all start at a different place And so You know you just you just got to figure out the strategies And Um you know maybe you can't do as many strategies As somebody who's got a bigger account but Who cares right I mean we all We all started With smaller accounts Mostly Um I did for sure So You know just I would say starting out I would say Just go through You know You need to get option omega You know that would be one thing and if If you haven't seen in the zero DTE resources channel Right there That's there's a there's a checklist A new member checklist for zero DTE Okay so you got to So You know you can you can look at my trade plan sheet I've got the option omega links for everything So As you're going through those different strategies that I trade You know something some of them are designed for Beginning of the day some of them are designed for Power hour end of day some are designed for midday So as you're just as you're going through those You know you'll you'll see the Wing widths and all the you know the way that I structure Each trade and and you can go through the trade log and it gives you an idea of Kind of what the buying power requirement is Now you just you obviously need to change the trade size Number of contracts on there to To replicate what you what you're looking to do but it'll It'll give you a ballpark idea of what the buying power requirement is And maybe you have to narrow your wings a little bit Or maybe you need to change the structure You know the idea is not to to copy what what we're doing is just It's just to give you an idea of what we're doing what works for us And then you can kind of mold that into what works best for you All right so my look at this My euro my euro is paying Look at that drop So I you know this is a perfect reason I did what I did I put I sold four contracts but one hit and so I just got notified Because my broker says profit target hit or something like that And so now I can come back here and see what's going on And my other profit targets are are far away because I didn't want to Have them take take me out if we did have a big drop So I'll move that one up a little bit now Now if we get a little bounce I'll uh I may add back in here in fact I'm gonna sell some more if we get it if we retrace that bar a little bit Yeah spx having a little pullback uh sassy blue angel no they that that's why we live stream You know so I can show you what we're doing live but there's I'm not I'm not posting The trades in a channel I don't you know what I the problem the problem is that I see Is people try to try to copy the trades instead of actually learning to trade There's no value in that so we stream live for day trading and zero dte To show you what we're doing live uh but we don't we don't post the trades The other the other strategies like calendars and you know option selling and some of those Others longer duration trade we post the trades because that's a little bit different SPX coming down SPX going red No, you can't do that Christian not yet the request has been made though that'll come with uh You know once the brokers are connected that he wants to finish the uh That's definitely one of the high priority items is to do kind of a Ratchet down stop so if it hits a certain profit target stop reduces or you know You can set up different things like that but not available yet that stopped for a profit You must have a tight stop. Okay. I might never get to 30% I guess Unless I just didn't see it, but I've got it on my other monitor. I saw it get up to around 20 but Cool. Well So you're re-entering Reload So let's see on my three four dte Take that off Thursday morning or Let's start scaling out at 20% Oh, thanks fiche. I was gonna be contacting them after we get off here Yeah, I thought that was odd. I mean I didn't think there's am options except for the The monthly expiration so I thought that was odd All right, that's good to know appreciate that All right all any other questions comments Topics Before we jump off here. We'll be back for power hour today My three two is getting close to 30% now. Maybe I did maybe I did miss it But it's still at 28% even after this bounce. I don't know if mine got there getting close though All right, I'll You all have a good one Yeah, I looked at I looked at all the futures anneal Euro oh, I did not get shorted out. I should have Well, it hasn't moved too much Uh, yeah, so I just took the euro I know notes and bonds are moving but it's already kind of too late for me All right, I'll take care. Have a good day. See you in power hour