 End of the day, almost time for the bell How many options, will you sell? Fire up your platform, get ready to enter But first, let's get the mindset centered Ay, ay, let's go gamble, we're here to train That's how we get paid, test and trade And have success, find what works for you And forget the rest, stats and probabilities Is what we're about, time to dismiss, greed and doubt Focus on the process, not the money And the profits will flow like honey Power our lives, let's start the show Come on trade hackers, get ready to go Zero-day options, time to make bank Get locked and loaded, then be ready to play Ay! What's up everyone, welcome to Power Outro Live Wednesday, October 4th Hope all is well in zero DTE land I did an AM ratio, Iron Condor Hit both profit targets, 50 and 80% Just hit 40% on my quiet lunch As it looks like a lot of you all did as well And our buddy Uncle Rick is on the struggle bus today He's deep in the valley So hopefully he can see his way out After we booked some power hour profits Or if he wanted to do it in the next, you know Five minutes, that's fine too Tivus' action is asking if power hour live is live We're a little light on attendance Everybody hear me okay? Cool, cool All right, so for power hour, I need to buy some lungs Lungs are locked Took off a time fly today for a little over 5% What else did we do? We could oil down 5% Oil was on a rampage Going back to end of June Getting a little sell off here the last few days Big one today Added a new hedgehog and ES What else did I do? Rolled down some calls and IWM And that's about it Looks like it'll be the 42, 45, 42, 40 So five wide First ranch one Looks like a couple people Can't find the link today for some reason Always in the live stream channel, my friends And I posted it earlier All right, 42, 45, 42, 40 Trying to get filled at 8.30 Filled at 8.30 for trunch one 42, 45 calls 42, 40 puts Using the same strike 42, 40 is part of my quiet lunch as well So my risk graph is going to look a little off So this is my trunch one and quiet lunch combined Kelvin, Tevis, did you find me? Come in, Kelvin and Tevis All right, good Always in the live stream link Links are always in there I posted earlier as well All right, S&P up 13 and a half Nasdaq up 144 Nasdaq up almost 1% By far the strongest of the four Russell down a little under a half percent And Dow pretty much unchanged on the day Gold and silver lower Notes and bonds higher Ten-year yield finally getting a little bit of a pullback After tipping out at 4.877 Oil down 5% Netty gas up a little bit Grains lower Euro and the pound slightly higher And Bitcoin up about 1% Vix down 4.5% Back down under 19 After topping out this morning With a high of 20.88 I also added a put calendar in SPX Skewed it a little bit To give it more room to the downside So if we push up to the upside break Even I'll add another one to double it up Also closed a 6.7 today for nice profit I closed half for about 23% Closed the remaining half for about 38 or 39% But on a 1.2 B&B earlier today It's already up a few hundred Take that off in the AM See Trunch 1 I got into at 8.30 So looking for five bucks to reduce my stop on Trunch 1 Trunch 1 currently trading at 8.20 My order to close out at 80% On the rest of my quiet lunch is at 3.90 Still trading at 9.60 So another six bucks to come out of that one So for Rick to get out of his valley Needed 42.60 Which is right at the expected move For the upside which started today at about 27.32.60 Would not be a good number for Trunch 1 Dick K I ran across your YouTube channel this morning And holding out on us Didn't tell us you had a YouTube channel No no Here let me post it for you The Fibonacci roulette system You look good there You look like you gained a little bit of weight though Who knew Fibonacci works It works with everything Oh actually Lando Lando came across that text me He's like I found Dick K I found Dick K's YouTube channel Landon who's Landon's part of the part of the team here Hey Trunch 1's hanging in there Currently trading at 7.80 We have not got close to the upper expected move At about 11.30 central but pretty calm day Yeah I was thinking the same thing Morrow I thought today might get some bleed over From yesterday's vol spike But not so much on the zero DTE front Still got about 10 minutes until Trunch 2 It's barely gonna be Might have a 5 wide on Trunch 2 as well By the time we get there What are we taking a poll about Fibonacci? Dick likey barbecue Your Bollinger Band Dick's Bollinger Band work today so far Markets up No No no no We want you to share It's just not something I use so I like to I gotta have something to talk about Well I didn't read the last part If the group does not want me to share I will not going forward If they do you must always Yeah that's pushing it You're pushing it now Alright looks like the mob has spoken King of Fib it is What about Bollinger Bands? Putting Bollinger Bands in the back seat Prince of Bollingers King of Fibs Prince of Bollingers Who's this guy Mauro? That's Mr. Bollinger Okay I need to trademark my VWAP My VSLAP and my V-POP I need to get that as a standard indicator on TOS Yeah I mean my stuff works definitely as good as JC's stuff SPX still creeping up 5 minutes till Trunch 2 Looks like we could be 10 wide for Trunch 2 Gonna buy some more Longs Getting another little push here Trunch 1 stops at $12.30 Still trading Now it's trading around $10 A little over $10 now $11 Getting close $11.50 $11.60 $12 Getting close to stop here Stopped on Trunch 1 $0.20 slippage Still a couple minutes until Trunch 2 Right now Trunch 2 would be the $60s and $50s Current move is just under the half percent level I only do the short squeeze on Trunch 1 anyway But one minute till I enter Trunch 3 Looks like it could be the $55.50s Nice little tweener It's a tweener on the calls I'm going to go with $55s are a little closer $55.50s Trunch 2 10 wide No That'll announce the $60s All right $60.50s Trunch 2 10 wide $4.90 Build at $4.90 $4.260 calls $4.250 puts Quiet lunch is trading down to $6.30 My $80% limit is at $3.90 Still need a few more bucks out of that Rick is trying to make his way out of the valley All right so Trunch 2 I got in at $4.90 So $2.95 is what I'm looking for To reduce my stop on Trunch 2 That's right no longs for Trunch 3 I already got those in place I do need to buy a few This thing is still running New high of day my friends For you uh Squeezers on uh Short squeezers on Trunch 3 We're up we're above a half percent move higher from the open My stop on Trunch 2 is at $7.90 Spreads trading at $6.80 Right up to the expected move Right up to the expected move on the upside today Look at that decay to the penny To the expected move to the penny My quiet lunch needs a little pullback now as well Oh my gosh did I forget I forgot to move my stop On my quiet lunch Uh let's see I should have went from $26 to $10 So I got out at $11.80 Should be at $21.80 All right Trunch 3 At $26 So I just need to buy some puts All right a couple minutes until Trunch 3 Right now look like the $65.50 Maybe $15 wide Even another minute Is that just a Wednesday thing for you Dick Or what's the no Trunch 3 about All right pushing back up here All right so I'm looking at the $65.55 Trunch 3 10 wide $5 $4.95 Filled at $4.95 $65.55 Pushing back up Trunch 2 my stops at $7.90 It's trading at $6.00 Just getting aggressive Nice Calvin My Rick is out of the valley Still about break even Today's move from the open up 0.64% Anybody on a 2 to 1 ratio For Trunch 3 A sweet spot for me And this is for my quiet lunch and Both tranches of power are between $55.60 Is ideal Tomorrow is Thursday the 5th So we've got unemployment claims An hour before the market opens And then FOMC member Barr Speaks at $11.15 AM Central And we got four of them Okay Poor X Factor is just showing the one He's due to deliver a speech titled Cyber Risk in the Banking Sector At a foreign banking organization Cyber Conference Hosted by the Federal Reserve Bank of Cleveland That should be interesting So Barr speaks at $6.15 Your time So that would be So the other ones are Gotcha All right, Trunch 3 back down to $485 I'm looking for $295 to reduce my stop $4255 would be dead centered on that one Quiet lunch trading at $740 I need $390 $4250 would be right in the middle of that one I'm working through all that stuff now Tomorrow but Yeah, I had planned on Continuing to do that But I'm making a note to double check on that Look at the VIX down to 18.5 Down almost 6.5% today Our VXX verticals Coming in on that Russell Now's that got a percent and a half And Russell basically unchanged SPX trying to pop back up Trunch 2 my stops at $790 Currently trading at $620 Trunch 3 my stops at $795 Currently trading at $450 That's all right Settle back down Get back inside your expected move $4300 so ES is at $4297 right now Did everyone get there What do you call it? National wireless emergency alert system Notification today You guys are already Already in case COVID breaks back out Pushing Pushing your highs of day still Trunch 2 stop at $790 Currently trading about $6 I think if my RIC hits I will get stopped out of Trunch 2 30% on RICs at $1775 And mine's currently trading at $1640 So I need a bigger push For RIC Trunch 2 is going to get stopped here Yep Stopped on Trunch 2 And stopped on my quiet lunch That quiet lunch turned into a rowdy afternoon Stop on Trunch 3 is at $795 Spreads currently trading at $5 50 What a little rally And RIC just hit Still got a little room on Trunch 3 But I need a pullback here Got out of four or five of my RICs I'm going to hold See if I can hit Max profit on that last one if we hold up So if we can pin at $4265 I'll make max profit on RIC And max profit on Trunch 3 That's the ideal number for me now $4265 exactly So the trailing on 3 got stopped My Trunch 3 never really got very close $3 stop So it just must have been Slightly different strikes then for some Actually I'm going to go with the I'm going to go with the assumption of a little pullback here So I'm going to close my RIC My last little RIC runner No bid on the $195 What are you referring to, Dick K? Is that ES? Was that for my RIC? Okay, got you I got filled to $0.05 All right, so I need below $65 here 17 minutes till the bell Didn't get to reduce stops on either Trunch 1 or Trunch 2 Murph Dog So what's your question? I mean, obviously I think it settles to cash But wherever it settles You know kind of where that teal line is If you just hover over that, it'll show you what your What your profit would be on it Yeah, so you'll see the settlement price Within a couple minutes after the close And we're pushing back up Trunch 3 is trading at $363.45 My stops at $795 Come down a bit I'll have a chance to take this one to the bell I had a lot of chances lately to go to the bell Which is fun One was not favorable Several others pinned $42.50 That's what I was going to say You're asking for a lot there Yeah, $42.60 would be ideal Those things acting like it's got somewhere to go Getting nowhere to go Trading at $4.60 There we go Better A little over 10 minutes to go Whoa Getting a little crazy Don't go crazy SPX does not respond well to name calling Ken All right, all right, it's $42.60 Nine minutes to go There's a little Little jumpy Going into the close Trunch 3 is trading down to $2.50 Oh, that's interesting So I've talked about it a couple times On this financial juice where it Lays out the Give some early indication on the market On close imbalance Anything under a couple billion is pretty much meaningless So the early 30 minutes till the bell said $28 million That's pretty much nothing The second one at $20 till said $28 million Next one said $28 million And then the one at $10 minutes to the bell To the bell is the real one Or that's where the firms are actually committed to Buying or selling And it jumped up to $2.3 billion Sellside And the market popped up Or the market flushed And now it bounced back up So again, I still don't know that there's really anything to that but That jump from That's what that's one thing I have noticed is that When you get a Some early indications and then the one at 10 minutes till Is a Flips or it Is a lot bigger than The early indication ones So when you tend to see a little A little bit of movement Which we did here So Maro those are Those are Those are equities So that's all the big All the big boys like Blackrock State Street Vanguard Those are the three biggest They They control about Seven effort numbers They control about 70% of the equities and the S&P 500 So you know As people are contributing to their 401k plans Retirement plans Making contributions or whatever they You know they have to They make buys and sells Depending on inflow and outflow every day And so they're required to report Their net Buys or their net sells And that's what that That's what that number is referring to So that it's done right on the Market on close Right at the close So they have to 10 minutes till the bell They have to give their final number Kind of on the edge here Doesn't look like I'm going to take this one to the bell Once we pull back here in the next couple minutes Thing looks like it wants to rip Give it a little chance To come back under 65 Doesn't look like it wants to It's hanging around 66 All right, I'm out Thought I was out I've got a bid Why am I not getting filled Rejected All right, I'll give it another chance then Oh, now I got Now I don't have a bid Here we go Come on down Three minutes Three minutes, three points lower I feel like this thing is going to pop higher though All right, 77 Come on, come on down Don't do anything crazy One minute One minute, one point lower That's all we need There you go See, Ken, you got to talk to it nicely Just a little bit lower Just a little bit lower 30 seconds Here we go Let's pin 50 cents lower 4, 3, 2, 1 Boom Look at that little move for me And a boy That helped a little bit All right, so still lost about 5k But that helped A 6,700 on Tronch 1 5,300 on Tronch 2 And then plus 6,900 on Tronch 3 All right Tomorrow is Thursday The fifth So tomorrow we'll be streaming live in the morning At the open As well as for power hour All right, I'll take care Have a good night Cheers Have a good one