The Beautiful 1-1-1 Trade!

Market / Macro Context & Indicators (Risk-Off / Volatility Up)

• VIX: 16.5 (up vs prior 15-ish). Commentary frames this as a volatility “explosion” during two consecutive selloff days.
• Advance/Decline (AD) breadth: negative. Mentioned examples include -33, then AD -46 with AD high 176 / AD low -61, indicating worsening breadth.

Price Action Levels / Market Profile References

• A key support is referenced at the “6370 level”, described as a 20% level, acting as partial support.
• Point of Control (POC): noted as pulling price upward; there’s a possible desire to revisit a “50 point.”
• Linear regression view: suggests the model is rolling over and may tap the bottom of the regression channel today, followed by a possible rebound. Despite near-term downside pressure, the overall tone is described as “bullish overall.”

---

Risk Management / Trading Style

Scalping Approach

• Scalping P&L: +$89 today across 8 trades (with an implied note like “$89 on four trades up” and around 4 winners).
• Average trade time: 29 seconds.
• Daily result quality: all trades were profitable for the day (no further detail beyond contrast with prior loss).
• Time constraint: stops trading after 10–12 (about ~2 hours max), avoiding afternoon trading because they prefer not to be at the screen and mention “nap time.”

Disclaimers

• No explicit disclaimer (e.g., “not financial advice”) is captured in the provided subtitles.

---

Portfolio / Strategy Performance & Positioning (Options Framework)

The speaker tracks multiple recurring strategies (appearing to be “1-1-1” / numbered variations), plus a TQQQ position and a strangle.

Account / ETF Exposure

• TQQQ: -$219 on the day (context: NASDAQ down big).
• Year-to-date on TQQQ portfolio: +$518 (despite the drawdown day).

“1-1-1” / Numbered Trade Set Performance (On the Day)

• 1-1-1 (first?): +$0.19
• Another 1-1-1 component (second?): +$0.12
• Strangle:
  • -$32 today
  • -$26 altogether (cumulative description)
  • Despite that, the speaker says it’s still +$44 even though -$9 today (exact reconciliation unclear from the subtitles; it may reflect mixed measures).
• 1114th: -$19 today (-$23 cumulatively mentioned)
• 1113: -$1.22 today
• Overall messaging: these positions are described as “very resilient.”

---

Step-by-Step / Methodology (Options Setup)

The speaker describes adding additional options trades when conditions change, using a 90-day out structure first, then adjusting to a shorter horizon later, with strike-width logic.

Framework / Steps Mentioned

1. Decide whether to add based on market conditions and options Greeks context
   • Example rationale: “low in theta” plus a market down day, implying it “probably makes sense to do another one.”
2. Enter an additional options position
   • Time to expiration (initial attempt): around 90 days out (example: 93 days mentioned).
   • Strike width: about “50 wide” (target strikes referenced around 6350 / 6300 initially).
   • Target credit/premium: aiming for roughly “about $10” (with multiple strike/price adjustments).
   • Avoid overlapping strikes with an existing long/short structure:
     • Explicit caution: they “don’t want to do that because that would mess our thing up… sell one where we bought one long.”
3. Final execution (first additional trade)
   • They confirm they get filled for the add-on; exact strike pair at fill is unclear.
   • They reference a target like “1075 … 10” and confirm it filled.
4. Second adjustment / additional trade
   • After the 90-day trade, they switch to roughly 45 days (example: “41 day” mentioned).
   • Target premium: about 22–24, cycling through strikes by trial-and-error.
   • Strike/premium adjustment examples include 59.25 and talk about “nickel/quarter him down” style adjustments.

---

Key Timeline / Calendar Reference

• August 5th (last year): cited as a prior mistake related to unclear terms like “neckage” / “heads” (terminology appears unclear from subtitles). It’s used as a reminder when “111s” are repeated.

---

Explicit Recommendations / Actions Taken

• Likely action recommendation: Based on market down + “low theta,” they decide to place another strangle/variant.
• Actual execution: They state they place (and get filled) an additional options trade:
  • first around ~90 days
  • then plan/prepare for another around ~45 days

---

Instruments / Tickers Mentioned

• VIX
• NASDAQ
• TQQQ (ProShares UltraPro QQQ)
• Options strike / pricing references (numbers captured in subtitles): 6350, 6300, 6225, 6200, 6250, 1075, 59.25, 24.25 / 2425, etc.
  • These appear to be index/derivative strike or option pricing references, not necessarily equity prices.

---

Presenters / Sources Mentioned

• Sweet Bobby (main presenter)
• Guests/participants: DB, Dwayne, Z, Mo
• Additional names who “popped in”: Brandy Trump, Murf