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Which hit 30% and was out Oh, no, that's not true I did some discretionary puts I got stopped out on those On that little flush So, here we are for power hour Looking like a five-wide strangle Is in order S&P up 29, NASDAQ up 104 Russell the strongest up 26 Dow up 163 Gold and silver a little bit green Notes and bonds mixed Oil off about a half percent Natty gas up about a half percent Grains a little mixed, Euro and the pound A little green Bitcoin 27,000 and VIX Down about 5% hovering just under 17 Gonna buy some longs here Oh, we are on a short squeeze, aren't we? Yes, we are. All right, so I'm doing two to one All right, got my longs in place Yeah, it looks like the 65-60s Give it a couple minutes Yeah, I've got the move at 0.55% right now It's kind of hovering above the expected move for the day See if we are going to stay above that Now I'm seeing less than 0.5% As we are coming down I've got about a minute here Let's see what this does Mario you are going one to one because it makes a big difference I haven't checked the back test Yeah, we are going definitely under now All right, I'm going to go one to one as well Are we going to get 10 wide here? Looks like 10 wide Trunch one, 10 wide, 10 lot I'm going to get filled at 0.655 Let me just drop it quick on me And I got filled at 0.625 I don't like that But I'm in All right, so low premium Trunch one But is what it is I got in the 0.65 and 0.55 It kind of moved right before I entered So if you got in right after the 0.5 till You are probably 5 wide And ourselves a little sell off here Just giving back over Over half the gains on the day At an SPX high of day at 43.85 Back to 43.57 How's that treating the old Double calendars here, let's see SPX one still down My NDX Single calendars Pretty break even My 1.2 is up 400, 500 bucks from this morning My 1.3 is up about 180 I did those with CPI and PPI coming up I did those a little bit bigger today So I'm going to shed some of it Towards the end of today Going into CPI tomorrow morning pre-market And what else did I do I did some time fly adjusting With this little pullback That still needed to be adjusted That one did the other one Let's open that one a little bit Took off a QQQ duck For beak profit I saw some of you guys took off your SPX one I was looking at that as well Let's see where we're at now It's right down the edge I'll leave it for now Got a rut duck that expires at the end of this week Got a chance at a duck head If it comes down a little bit That oil premium is staying bid Our VXX verticals came in nicely With the ball contraction So on the November one If we get the VXX gets down to about Call it Below 21.5 bucks We should hit our profit target on that one On the October one Needs to get down to about About the same So VXX gets under 21.5 I'll start to Peel some of those off So one of the FOMC members Speaking today, is that what happened? Kashkari, say something stupid No, he speaks it He just started speaking Remember Waller spoke at noon? Yep, that looks like what did it Right at noon, central Oh, Bostick, I have Waller On my calendar Same guy, I can't tell the difference They look alike Testing the waters Seeing what the market does Based on different things they say Who knows, could have been Just a little profit taking as well We always want to think That there's a reason for a little price movement But there's not always Oh yeah, it's planned, no doubt Alright, Bostick, you say this Waller, you say this Kashkari, you say this Let's see how the public and the markets react That way We go to do our meeting We know exactly what we need to say See, what else we got going on here? Yeah Then they get on What's that, betting site Where you can bet on economic things Wouldn't doubt it Yeah, predict it Predictit.org You can, I think you can bet on Politics and economic stuff Oh, Dick K, are you on here? I was going to I was going to look at your I was going to compare that trunch one you sent me To mine, I haven't had a chance today So I figured I'd do it during power hour If you're down with that Yeah, I'm getting some nice Dick K here so far Dick K, Colin Dick K No Dick K today He's in here, I see him in Zoom He must have me on mute Wait Share the meme Post the Dick K meme Maybe I'll do it after trunch three Yeah, he may need your accounting services for that Too many ones to carry And zeros to Too many zeros and commas And ones to carry Yeah, he's going to need your help So we're still hovering We're at .49% now I don't, I only do it on trunch one But Marthenis is at for trunch two It looks like See what you got Move up half percent Monday, Tuesday, Wednesday, Thursday, Friday Stop six Up to three Solid I'm going to put that in my coffer for next month Two Short Marthenis style Cool, thanks for sharing Got that on my next month To-do list Six twenty-five Let me check your math, Krish Since You know, like I said yesterday I can't really trust you 3.75 See I knew I had to check on you My Missing the Stop production Yesterday helped me, though Thank goodness I didn't believe you yesterday, Krish It's always good to be lucky sometimes, you know Sometimes we get unlucky slippage Unlucky things happen, so you know You gotta take advantage of the luck on your side sometimes, too That is the only reason I didn't get stopped Yes, it is Because I did not reduce my stop Because I was Yapping away and Didn't see it Hit the level and then Krish told me that it did But I didn't believe him So thanks to you, Krish That was my biggest power hour ever yesterday So, Tronch 1 is down to 4.40 I'm looking for 3.75 Almost time for Tronch 2 Look how close these calls are The 5 cent calls Getting close to price Let's see, I already bought some extra puts here, so We got 20 puts, so I just So I got 10 So I got 10 puts, I just need 6 A lot of blackout dates I had a I better note that So basically, Marthenis, you went through it And any time there was a Losing trade, you just added that as a blackout date So that would happen Thought that looked pretty good for Tronch 2 I've looked at that before, that would look really good Alright, so We're looking at 65-60s Tronch 2, 5 wide 5.95 65-60s So I'll look for 3.60 Tronch 2 to reduce stop Yeah, still looks good Vegas Michelle Vegas Michelle, how's the Football betting going this year? Nobody wants to talk to me today Vegas Michelle, shunning me Dick K, shunning me Oh, Dick's back, alright He just had me on mute for a while I am, I'm very sensitive, Dick You know that I was just saying, I I haven't had a chance to look at that Tronch 1 In detail yet, but I was going to do it here After we get done with Tronch 3 Yeah, it looks solid Just the brief minute That I had to look at it Well, I'm kind of a slow Kind of slow, Maro Tronch 1 is down to 3.80, getting close I'm looking for 3.75 I'm only at 3.95 4 MRP says 3.7 I don't believe them I don't believe that MRP Chris, now Chris is agreeing I definitely don't believe it 3.90, 3.75 Okay, there it is Reducing stop on Tronch 1 Tronch 2, I'm looking for 3.60 And it's currently trading at 5.10 I just, I got to see it with my own eyes I just got to see it with my own eyes It's just how I am Yeah, on Tronch 2, I got No, 5 wide, 65.60 10 wide on Tronch 1 5 wide on Tronch 2 It's falling asleep on the expected move line Let's just ride that into the close Tronch 3 Find some longs Maybe 10 wide 65.55 Couple minutes Now we're looking like 5 wide Give it another minute Could be the 65.55 Alright 65.55 Tronch 3 10 wide Try to get filled at 3.10 Got one contract filled at 3.15 And the rest filled at 3.10 65.55 Thursday is the new Wednesday, Dick You didn't know that? You didn't hear? Thursday is going to make it come back Alright, so Tronch 2 is at 4.40 I need 3.60 Yeah, so Dark Avenger You may want to... I was chatting with somebody yesterday They're using XSP And they are Claiming that the Fills, not Paper trade, but actually trading XSP real Which is obviously a tenth the size of SPX Good thing to practice with But they were saying at the end of the day The liquidity is pretty good So I said she was not using stops though She was just Manually Monitoring and closing I don't know how the stops Would be on XSP I can't imagine good So for Tronch 2 Who's in the 43.60s And 65s for Tronch 2 That can Notify me if that gets down to 3.60 Anyone but Krish Alright Can you let me know when that gets down to 3.60 I want to I want to check out this Tronch 1 That Dick K sent me Okay, so a couple things that I did, Dick I added Thursday back in Because I love Thursdays What else did I do? I think that's it So if I go to mine Alright, so Make sure I got everything kind of apples to apples here Starting capitals the same 10 contracts Okay, so I remember the win rate was quite a bit higher So it's 69% win rate versus 57 My mark 23 versus 24 Drawdown Minus 5 versus minus 5 So about the same P and L About the same But the big thing is You're getting out of a third of your position At 40% So you're taking a bunch of risk off the table To me That's The win rate and Taking those chips off the table like that And still beating the other one That's attractive to me Risk off, exactly I didn't check the blackout dates Is that just FOMC? So if we take out Thursday So we got 69% 24 minus 5 69, 24 minus 5 20 minus 5, 0.7 No, sir, Thursday stays I love Thursdays Thursdays, it's got a bad reputation But it's a good guy You know, it's a good guy More profit, more mar Less drawdown, I mean What's there not to love about Thursday on this one? Add that to my Next month's cheat For Sharon Dickay Trading at 390, I need 360 If I do the opposite, if I take away everything Except for Thursday Oh, that's the other I knew I changed something else I'm looking at it for Going back to May 2nd I still look at them Going back to that date That's the difference I definitely pay attention to Here to date But I still use May That's it Okay, 390 85 360 I'm a big fan of nostalgia 375 380 375 Pretty well centered here for Trunch, too But not quite getting it Tiny push-up The Germanic God of Thunder Thursday's powerful There's no doubt 370, 365 I'm going to close Here pretty soon, I'm going to close 7 of 10 On my 1, 2, and I'm going to close 3 of 5 on my 1, 3 I just want to have a small position and go Into CPI tomorrow Still haven't quite got to 360 yet Need a little 2-point bounce Now that's going to take a few Days to work itself out, I think Tomorrow I'm planning to stay into that Until Monday if Assuming we are in Decent range and I don't have to close For To manage risk Alright, I saw 365 There we go Reducing stop on Trunch, too There's that little 2-point bounce Alright, so Between 1665 21 minutes to go Anytime we can be in between Pock and VWAP You know we're in good shape We'll see where we are here in about 15 minutes Alright, I'm going to try to close Some of my BNBs No fill at $12 No fill at $11.95 Got filled at $11.95 The 1, 3 I'm going to close 3 of 5 I'll try to get it filled at 18, 20 No fill at 18, 10 Oh, filled at 18, 10 Alright, just posted those exits in the calendar channel I did spend about 3 hours doing some Calendar back testing last night I've got a few little tweaks, nothing major Just a few little tweaks For next month It's more doing I found, I just found a little bit of value Doing Not necessarily just doing 20 delta Or 25, you know some doing like 15 delta on the call side 20 on the puts Some as much as like 15 on one side 25 on the other And then I'm Trying to remember Start trading more 2, 4s 3, 4 I was looking at a ratio on a 3, 4 Doing like 4 to 3 3 puts to 4 calls On Mondays Added a 1, 4 Yeah, that is interesting, Nick You know what, I I may dig into that as well For all my zero DTE now Pretty much, except for the Yes, I've kind of switched over to Fixed premiums But I'm still Deltas on Calendars, but What do you got here So this is the Mini B&B 1, 3 Monday Tuesday 20 dollars Versus Starting capital 100 Text per trade Yeah, definitely a nice improvement Open trades at 3pm Versus I'm open at noon I'm closing them at the open the next morning So are you You have a stop loss Which I don't know if that's Really relevant since you're just holding Overnight and closing in the morning But I'm going to note that I got a lot of homework today, you guys are giving me a lot of stuff to do today All right, good deal A lot of good stuff going on today But you don't actually Put on a stop loss overnight on Calendars, do you Nick? I would I would highly suggest not to do that You just makes you feel more comfortable Just makes you just comfort to you on the back test 10 minutes to go Yeah, I'm not a fan of using a stop On any kind of option trade Overnight Man, this thing's just Sleeping on that Expected move here Going all the way back until 10 afternoon No wiki wiki So the API only gives SPX on Delayed data Hmm Yeah, that can't be good Trunch 3 is down below a buck Trunch 1 is down below a buck I have my order at 60 cents I'm going to leave it Hugging my lower strike 35 I'm going to take that one to the bell Put that at 10 cents Trunch 3 is the 65-55s as well Put that down to 10 cents Trunch 1 is trading at $2.30 That's the 65-60s I'm going to get out of that one Give it another minute or so Who woke the dragon? That's what I was thinking, Dick K Trunch 1 I'm going to get out of 3.25 To exit Trunch 1 And we get a bounce right afterwards That's okay So I got Trunch 2 and 3 Both at $55.65 Both of them trading at $0.45, $0.50 Got a stay above $55 here below $65 Nice, Dick K I'm going to take one of these off Oh, that was Trunch 2 That I got out of For $3.25 I thought it was Trunch 1 $0.40 still $0.57 Two minutes to go I'm going to get out of Trunch 1 About $0.30 One minute How's the old heart rate doing today? Filled at $0.30 on Trunch 1 $0.78 Trunch 1 I got in at $0.625 Wow, I got filled at $0.10 Didn't let me take it to the bell So I got into Trunch 3 at $0.3 $0.3 $0.14 $0.4200 So I got $0.4200 $0.4320 $0.590 $0.590 Equals $0.144.70 $0.144.70 $0.590 Minus the cost of my $0.5 longs Nice Nice, Elliott Over $0.17K Beautiful Back-to-back Back-to-back big power hours Back-to-back big days overall Good stuff Alright my friends We got live stream Tomorrow morning In the morning session On what is tomorrow October 11 Wednesday And then We'll be doing power hour Back here Same bat channel Same bat time Good night everyone Take care