 will you sell fire up your platform get ready to enter first let's get the mindset center hey let's then trade it have success find what works for you and forget the rest stats and probabilities is what we're a dismiss greed and doubt focus on the process not the money and not the show come on trade hackers get ready to go zero date options time to make bank get locked and loaded and be ready to play what's up everyone welcome to power our live Monday January 29th hope all as well S&P up 13 NASDAQ up 92 Russell up 15 Dow up 35 gold and silver green notes and bonds green tenure yield down to 4.093 oil down one and a half percent out of gas down five percent the grains in the red Bitcoin up two percent Euro in the pound a little bit red Vix 13.73 little bounce here over the last 30 minutes or so bottom doubted about 13.6 currently at 13.73 S&P trying to get back up to the all-time high of 4906 currently at 4904 pretty pretty skimpy premiums I'm not going to be doing my normal power hour premiums are just too low so what I have done today is where's my trade steward there we go alright so what I've got going is AM ratio hit I got 44% I was making room for some other things DKS DKS hit 40% one of my quiet lunch tronches took off at 24% another one at 26% I've got a 1 DTE iron condor that's up 17% I actually I meant to do more so I layered in a little bit later that was up just a little bit and then another quiet lunch tronch I'm currently still in up 23% so those are my bots so total on the bots today up about 9200 booked another little over a thousand on a small NTT trade I didn't do a lot of NTT today just because I right when I was getting ready to I had some bots getting ready to fire so I just let those go instead and so I did the one that's all closed out hit 20 40 and 60% and then I've got one left that I've hit 20% closed half and holding on to still three contracts there and then just recently here I sold some puts sold some puts just in anticipation of a move back up to the all-time high few points higher here I'll close half of these out at 50% if we get to all-time highs that 49 06 area that should hit or be close to it in it I guess so that's my day so I the only thing I'm gonna do is I might sell a straddle if we push up closer to the expected move otherwise I'm just gonna roll with my current positions what say you Chadwick I had to unmute myself there yeah so I've only done two trades say which honestly since I've been doing zero DTE iron condors that I don't ever remember doing just two so I have my first one this morning I entered at 9 12 cent central time and I'm out of 80% of that with one contract left and then my I did a let's see a lunch time and that was right at 11 30 and I'm out of 40% of that so I'm up about four grand for the day on just two trades so take what it gives you yeah so I would love to get a power hour in but I may not I mean I would have to get rid of my 49 05 short strike to do a 49 05 straddle that looks like that's the only thing that would be in play for me right now couple other positions I've been watching my short premium in MES still not to a point where I need to roll up my puts yet in either of my MES's or my QQQ SPX still got a I took off a duck today for big profit and then still got a couple of time flies when I'm basically it break even ones down a little bit I did put on a 1 2 double calendar earlier today that one's up about 3% still have a 5 7 and a 6 7 on from Friday and those are both up about 8 to 10% so there's probably not going to be a lot of action for me during power hours first new positions here like I said if we push up towards all-time highs which is a little bit below that expected move line I will I'll potentially sell a straddle maybe around trunch two time trunch three see if it gets there just eat it or five point move lower here just to I may if I if I can close out my 49 05 48 90 I got three contracts left I may just find a little down move my limits of 220 would be 60% I may just close out three all three of those contracts out just to be done with it but you just it's not looking like we want to get more than a couple red bars in a row no we were pushing higher I also bought some futures this morning still in a couple so I got so actually I was I went short earlier in the day look whenever well what I did so I I don't think I've ever mentioned this but sometimes what I'll do is like you know we had that we had that erroneous spike in VIX this morning that was just kind of a misprint and anytime I see something that just doesn't quite add up I like to get short futures and it ended up just being a misprint so I scratched that got out you can see that on my chart here and then I got long based on price kind of flushing below a recent low and then bouncing that's part of my price action I'll be talking about in that course and so I wrote that up I came down I got stopped out of my remaining piece to the tech unfortunately and then I reloaded and I've still got four ES futures so I'm up about I don't know 23 2400 on those right now so I've also got a an order to close out some of those if we hit get up closer to that all-time high or just blow that expected move line of the day yeah I don't think we're you we were I don't think we were even at 7 for the straddle Kelvin we were less than 7 so I'm not interested not interested in the normal power hour Elliot did you get your did your broker let you in yet or is it still playing games with you that's frustrating sounds like Schwab and Tasty had issues today there it goes new all-time highs boys and girls hmm wow it's built on 50% of my JSP's and just got stopped out of something look at that move that's just I just that's just what I saw coming I mean yep got stopped out of my got stopped out of my lunchtime I mean let's get some calls and get some get some calls some value here I got stopped out of my remaining quiet lunch trunch got stopped out of my last NTT but I do have my still have half my puts look at that I had one contract left if you're gonna believe this I had one contract left that I didn't have a stop on so my AMI or Condor at one left I ended up getting filled a six box as I forgot to put the OCO in for it good thing is only one contract looks like my one DTE is still alive but went from nice and green earlier to a little bit red is anybody else's trade steward not functioning mine just went out page isn't loading who the US Treasury that's why I keep those on about that that's that's a new thing no trade stewards still down looks like it's back up I mean it's gonna push like this let's just do it a couple more times get those longs really valuable yeah my long calls are still worthless my 55s we're getting we're at about five cents a minute ago but I've got some at 30 cents right now 35 cents they were at about 60 now it's coming it's coming back down so it looks like my yeah my original one DTE trade still still live but a little bit into the red was up about 30 plus percent earlier I'll pull back got out of some futures I've got one ES long left think I'm gonna just let that ride let these short puts ride Neil see if you have premiums in one DTE for your tranches and close them by 315 this happens during FOMC okay I'll check that out I've got an order to close the rest of my puts at a buck it's already down to a buck 25 try to squeeze a little bit more out of those this market just wants to just love its new all-time highs over and over just pushing through pushing through you get a little premium juice in though still might sell a straddle yeah I saw that yeah I saw that that's why if we can see some consolidation here I'll get in on one of those but I want to make sure it's done pushing here like right now I'd be looking at the 49 20 49 15 but I'm gonna wait and see if this bar does there we go yeah just I mean at this point I just hope it just keeps going cuz I'm not in anything just got calls on I shall my calls I've got got some calls worth five cents now now there's zero it's gonna push really hard for me to get any value out of those calls and quickly I got I got 20 calls on and somewhere 40 cents somewhere five I'll put an order to sell some of these at 10 cents if they get up there big volume spike to yeah did look at volume spike about twice as big as the first bar which is usually the biggest of the day mm-hmm well upside volume runner for power hour yeah so having around 49 15 so a trunch to straddle actually five wide yeah so that should push them back up I jumped in the 49 20 49 15 yeah that's what I was looking at as well yep I'm gonna do a five wide for trunch to 20s and 15s filled at 610 I'm gonna scale out though this is not my normal power hour so it's just more of a discretionary we use the old $4 trailing stop old-school style oh yeah like it all right there we go let me get towards 20 my puts are selling for 50 cents got an order at 35 cents to close those got some calls that are worth almost a buck there was my remaining one DTE got stopped so between 15 and 20 would do good I'll consider a trunch three we are now in update territory so maybe I'll just turn on my update trunch three there goes my puts got got bought out at 35 cents sold them at four yeah so I'm gonna turn on my trunch three update bot and just let it go if it if it still qualifies by the time that comes around you're in about six minutes US dollars dropping stocks popping wow look at this thing still have one ES future left about the 4400 on those now is guess I would have been better off just staying out of power hour my calls are starting to so my 2015 trunch that I went in it now trading at 775 my stops at 955 so the US Treasury comes out and says well we're still going into a lot of debt just not as much debt as we expected to market took off this you got to start somewhere I just sold 12 calls for 10 cents Michael sold eight for three bucks and 80 cents nice nice by the way if you're new here this is not really a normal day and if you want to kind of see what what a typical plan is in the trade plans channel is where I post my trade plan that'll do each month then I'll be kind of working through a few things and I'll be posting my trade plan for February here in the next couple days yeah Vicks popping as well so my trunch three for an update will fire here in a couple of minutes that's two to one puts the calls there's 35 minutes left still a lot of time yeah I mean there is a ton of time 4920 4915 is currently trading at eight bucks stops at 955 still got a tiny bit of room but yeah mine's eight bucks and 955 is my stop I got calls work two bucks now all right trunch three coming in filled at five bucks that is on the 20 puts 30 calls two to one puts the calls getting close to my stop and trunch on the first trunch I did which was around trunch two time yeah good point e Allison let me check that out I would assume that is in roll-up territory now stopped on that 2015 trunch I did yep I was stopped at 930 so the one e MES has 46 days so I'm getting close to the point where I'm gonna be looking to take that off so I'm gonna I'm gonna just hold on to that one the one that's got 81 days I'm gonna roll the puts up down up to 28 my 57 DT double calendar is not mining this it's up 15% now the one two from earlier today is down a little bit my six seven is still green so much for a nice calm grindy Monday yeah so all I have left is my trunch three update on the 20 puts 30 calls still pretty centered pushed up to 49 29 back down to 25 282 million to the buy side is the early indication how do you know why your stops didn't work did was it were they input incorrectly or so Chad are you in anything no not anything at all is because my power hour got stopped I'm an only power that I've entered yeah good good point up for dollar so howdy are you on here you got to be careful if your strikes get too far out of the money if there's zero bid your stops most likely will not fire or your slippage will be pretty bad and I guess I'll put an order in to close my last future so I'm just gonna close it out here so a little over 4600 on those that was nice helped for a couple of those I got stopped on so my trunch three is pretty well centered we could just chop from here that'd be good Chad did that last one put you in the red or you still green for the day let me look I'm still green but barely only three trades so I'm at plus 265 plus 265 I saw some calls open but trying to cyber that a close amount or maybe that might be it might be done running feels that way yeah kind of does those these calls to Shay Jake to Shay I got 20 cents for those 4940s you are what officer was it price action that kept you out of it naughty dog there just wasn't really another there really wasn't another I mean maybe I could have gotten another straddle but price pushing I was just kind of just I just really didn't see another one what about now now that it's starting to consolidate and I mean now maybe the 4930 you see that straddle check that out cuz I could be one I could see 30 20 wide I think you were saying since it since you had one yeah pushed to the edge of your other one was just it was just pushing too hard you didn't want to get in is that correct right yeah it's just pushing too hard and and right now the yeah the 49 that straddle isn't look very good either your limit order close at 10 cents Elliott not good hmm did you try to bump it up to say 20 cents to see if it worked must be a Schwab thing yeah I'm just gonna set the rest of the day out yeah I don't know I think the 10 cent minimum is I think that's a TD thing so I don't know if Schwab has some other I can't I don't know that doesn't make any sense why they wouldn't allow that but you may want to ask them what the what's going on there although it sounds like with the different issues today it may just be a an issue for the day I don't know did you have did you try that before did you have a 10 cent order any other time they got rejected yeah let's those anytime there's a quick kind of out of the blue move like this it's gonna cause some slippage that's just part of the part of the game unfortunately but hey you're still green for the day yeah I mean I was up four grand and now I'm up 915 bucks so after that power our trade and it was just one trade that did it to me 3300 dollar loss still 282 million to the buy side Chad Ken was wondering why were you looking at the 49 30s when it was right at 49 25 that's closer it wasn't a second ago it's come down since then that's when I was first looking at it it was the 49 30s 49 20s 49 30s 49 30s yeah it's come down like what it's got working on a second red bar since I was looking at it now it would be the 49 25s back down to 22 yeah still not still don't like it tomorrow is Tuesday we got consumer confidence and jolts 30 minutes after the bell tomorrow for the live stream Chad will be streaming for the mighty 90 runners in the morning and then we'll be back for power hour nice theta junkie yeah Chad so what's the latest that you like to enter in power hour like 30 minutes yeah usually 30 minutes till you get get under 30 and it's I mean it just kind of depends what else I have going on but there's nothing that really sat up good I checked those 49 30 check 49 25 straddle didn't like it little contraction in vix since it started consolidating back down to 13.67 just need to hold between 20 and 25 or 20 and 30 still 282 million to the buy side final number in five minutes oh coming down now it's kind of where I wish it would have been before back down to my 20 strike that trunch to they got stopped under that there's more of a discretionary trunch I guess but I didn't realize that probably qualified up over half percent so it would have been an upday one they didn't realize it where we were until I was ready for the trunch three one but I'm not sure if that one would have got stopped out or not did anybody do it an upday trunch two by chance still in yeah nice that was a mistake of my part I don't mark it on close and balance number here in a couple minutes mix is really coming down now almost down to lows of day yeah I'm kind of wondering is this going to mark it going to finish the last 10 minutes up down all right so mo c coming out here in about a minute it's over 3 billion the buy side I'll buy if it's over 3 billion to the sell side I will sell 170 million buy sides so nothing all right let's get a little bump right to the center so I can pin this baby 10 minutes to go my six sevens up about 6% my five sevens up about 12 so I want at least 20 before I would take any off mix down to lows of day yeah vix really coming down all the excitement out of the way it's contracting I just realized I think my update trunch three should be trailing which I have not been that is the trailing stop and at 40% I need to set it to two I did not do that either let's go for a pin let's get a little pin the end at the end to end the day that looks a little better I just had to click off to get back on here I was just looking at my wristcraft thinking and there's a lot of premium left that's more like it yeah sometimes it does it like it looks like there's more than what there is yeah I had to sometimes it especially or sometimes it looks all like jagged you got to click I just click off of it and click back on and it kind of updates I gotcha a little over five minutes to go trunch three trading for a buck my stop has been reduced down to two dollars a little bounce a little bounce into the close as strong as it is you would think that's what it would do is you know with that push it's had up there we go right into center now just settle Elliot are you on this trunch three with me anybody Bueller so a pin would be worth four thousand one twenty so my bots after those stopouts happened I'm still up about three grand on my bots another thousand on my NTT another four thousand on the future so still a decent green day for me was was a lot better two minutes to go we don't need a new high of day is what we don't need I mean it is trading at 16 10 cents smart thing to do would probably be to take this off here set my profit target to 10 cents if it fills 35 cents set it at 10 I know I got filled at 30 and 35 cents for some reason interesting all right 30 seconds till the bell I'm out chat will be streaming live in the morning tomorrow then we'll be back for power hour and give us I'm gonna stay on for a second and let's just see where this thing closes out it's creeping up to new highs of day see if I was good on getting out or if I should have held for the pin five seconds there she blows 49 27.9 all right I'll have a good night take care chat with you soon