 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 Let's trade it, 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 Joe No more trade hackers, get ready to options Time to make bank, get locked and loaded Then be ready to play Hey everyone, welcome to Power Hour Live Monday, April 8th S&P up 3, Nasdaq down 3 Russell up 13, Dow up 7 Golden Silver both up Notes and bonds both down Tenure yield up about 1%, oil down about 1.5% Natty Gas up 3 Soybeans, wheat, red, corn, green Euro in the pound a little bit green Bitcoin was up a little bit more But still up almost 7% VIX contracting to the tune of Down 4.25% at 15.35% Pretty much declining all day I uh, let's see what I got going here I've got So, aim ratio hit 50% All five quiet tranches hit 40% NDX is sitting good I've got my little rep hedge That's down a little bit And then in my challenge portfolio One of these I did outside of a bot So my 3.2 is still sitting good But my 1DTE's at 40% Looking for 45% My 1 to 1 closed half reduced stop It's uh, got in at 960 It's currently at $1.40 Got one other non-bot price action trade That is sitting pretty good Took off half at 20% Here's where the rest of it is So the only losing trade I have today Is the one that Maro forced me into this morning Basically at gunpoint So I'm gonna blame him on that one But other than that, no losing trades Very nice No losing trades for me either As of yet So I did My AM number one I booked 20 and 40% I had to close at 40% So I had a dentist appointment At 11 this morning So I just Set my stop to either stop it out Or closed at 40 and I ended up closing at 40 And then when I got back from that Did lunchtime iron condor It's 20 and 40 And I've got about 50 cents left And I would hit 60% on that My one DTE iron condor I hit 40% and closed it So that's good And I'm currently up 13% on my Wuga And I'm currently up 83% on the NDX trade Which I am 0 for 3 Today's your day But Today's your day for Wuga and NDX But when I put it on I always do two contracts Only one contract got filled I'm like And I didn't notice it until like a half hour later And I'm like are you kidding me I said this will probably be the day I get max profit I got in Wuga as well I did it in my other account but I'll put it up here I filled it 445 I was actually a little bit late So I was doing something else But got in at 445 Currently looking like This So the Monday did not start out Like a typical Monday But then it turned into its normal Monday self Sassy blue angel the NDX trade So what I The little tweak that I made to my trade plan Around NDX is if If we got a VIX overnight move That's greater than You know that's Expanding more than negative 0.25% I'll do four lots If it's contracting I'll do two According to the trade steward It was contracting More than minus 0.25% So it ended up doing two But still fired I've got I've got two NDX bots now So the lighter one Fired so I've got I've just got two contracts on But nice and centered There's some people congregating Outside my window Looking for the solar eclipse Yeah the guy There was a guy standing outside my house I was wondering what he was doing That's the Airbnb guy He was standing there looking straight up in the sky What are you doing? I can't I don't have a good shot at it through my window So Just getting a little darker outside My 1DTE at 43% Getting close to hitting My 45% profit target Nice and centered just need a little bit more decay Make sure you have your glasses on Joey We don't want you coming back blind Today has been a nice Rebound after The debacle on Friday At least for me anyway Yeah I got into my 1DTE a little bit late Because I had to manually fire it So had my VIX filter been the same on Trade Steward it probably would have hit by now But it's getting close Hopefully it doesn't run away Yeah Naughty Dog so the The VIX gap down According to the little toss indicator Was minus 0.19% But Trade Steward was Point Let me see Let me try to pull it up here Yeah it was showing that was down Right here you can see On the bot activity If you look at the open it'll show you So overnight gap On VIX minus 0.31% Is what Trade Steward had it at And my parameters Max is 0.3 on that 1DTE So I just missed it Yeah exactly Thiago So needless to say I'm not doing Any additional power Hour besides the Wuga We're in a neutral day Gremiums Unfortunately back to kind of low I mean you could get a full $8 straddle still But yeah I was looking at The G210 5205 But I don't know that it's At the risk Because my lunchtime is still Really centered so Yeah so Sassy Blue Angel You have a VIX filter Of minus 0.25% It has to be Higher than that Well on Trade Steward the gap like I just showed Was minus 0.31% That's why yours didn't fire Yeah my 1DTE is 0.3% Naughty dog but my every entry is 0.25 That was a 3-2 Re-entry that just fire This is a problem I gotta close that That was not supposed to happen So this has happened one other time FYI So what just happened was I had a It's after 3 o'clock Which my re-entries don't Fire after 3 But I had manually tried To Fire my bot I forgot about this I had manually tried to fire my 3-2 bot To manually force it But because The bot was already trying Within the window Which the window is between The open and 3pm Well the window just closed So If you manually fire a bot It waits until your window is closed And then it fires it And so I just had to close it That happened one other time Unfortunately that's not Ideal from a You know you don't want that Want that to happen but the logic kind of makes sense And it's helped me other time So just You need to be aware of My lunchtime just hit 60% Yeah exactly That's what you should do Is you should just disable it And if you're gonna Do it but if you disable it You can't manually launch it either So you'd have to have a separate one Which I do I never had to re-enter Naughty Dog so I'm still in my initial ones from this morning But yeah If one got closed I would have To Go in and Manually enter another one One DTE still sitting at about 43% Le Wuga could use a little pullback My price action Trades only got a one lot left Sitting Sitting center Closed out half of my 4.6 At 20% Just closed that a little bit right before power hour Put on a 1.2 And a 1.3 earlier both of those are Tiny green Basically Pretty close to where I put them on My 4.7 Is Tiny green and my 6.7 Is down about 6 or 7% Or so Wuga is up 19% Big stock movers today DJT down Almost 11% Baidu down 3 Kroger DKNG reddit down 3 Coinbase up 7.5 Rocket up 6 Tesla up 5 Got my little starter VXX Vertical trade that's A little bit green After this Vol contraction Got a couple of Ducks One in SPX In the April 24 cycle That's up the beak a little bit A little bit green The first one I put on in RUT April 26 It's a little bit red What else do I have here Hedgehog in NQ I've got a Hedgehog in ES that's down to 4DTE I'm going to give it one more day If it moves a little bit Specifically the downside And just hit 60% On my I think I just hit 60% on my Price action No, that's not what that was Let's see There's a little bit of a pullback That was my 3.2 from this morning I just got filled at It's at the profit target at 2 bucks So let's see I got into that At 2135 A little less than A little bit better than 90% I've got my 1 to 1 and my 1DTE left That's still like clips huh Challenge portfolios up nearly 7% today So I better go ahead and put my profit target in For Wuga Here's a question I was thinking of the other day I don't know if you can answer It's Steve or somebody in the community But if you let Contracts Contracts Contracts expire You know for these iron condors Or what not Do you pay the fees and Commissions on them Or just when you close them In TOS you don't Some brokers do But yeah TOS there are no Or assignment fees so It just settles no commissions Interesting okay Because The last few weeks I've been closing out A lot of my longs But then noticed how my Commissions Had really gone up So I'm wondering if it Is just maybe just advantageous Just when they're 5 cents 10 cents just Not close them at all You know when you're doing that To like if you have If you've got Three positions you put on that day 10 contracts But think about it 5 cents If you could have sold it for 5 cents that's 5 bucks Per contract So if you let 5 bucks expire you're losing that 5 Dollar so then you just got away You know what I mean Yeah I'm trying to figure out is it better to close it Or better to let it expire Based on you know it's better to get Like I'm not 100% sure on that yet Well Yeah I mean if you can sell for 10 cents You're definitely better Barring a big move of course Right Even 5 cents I mean you're gonna You're gonna come out a little bit better You're gonna pay commission but you're gonna Save losing that 5 bucks So you know you pay Whatever you pay per you know You pay less than a dollar 50 cents 50 cents is better than 5 bucks So yeah Really the only reason to ever keep them on is if you Just want them for Protection from a big move That makes sense Naughty dog have you tried the coconut curry lime Bone broth yet Sipping on a Cup right now I need to report back You You didn't like my last suggestion so I need to Redeem myself On 1DTE I need you to hit Just lock it in My 1 to 1 will close at 50 cents It's trading at 85 cents My 1DTE will close at 670 is trading at 6 Right around 7 30 cents Thought maybe I could play a little butterfly game today A little short fly game but You're trading cheap Still only trading for A dollar 20 maybe A dollar 25 My last price action contracts trading at 270 my orders at 265 to close that one for 60% There it is Yeah the only thing I would say That Naughty Dog is you just Anytime it's on the bubble Anytime it's close whether it's your You know VIX filter Whatever it is When there's anything when there's ever a Criteria close at the open Where trade steward doesn't Reach The opening price of Whatever it is SPX or VIX I just always am ready to You just gotta be ready Just gotta be prepared ready to fire Whether that's manually firing bots Or just manually entering Old school Old school's Toss style Well it just depends Elliott like Because they like the open SPX for example It's based on like Five seconds after the open And so you know if you get a down move It's probably gonna be lower Than the actual open that TOS shows If you get a quick push up it's gonna be higher So it's Kinda hard to account for And then VIX you know VIX is just A little squirrely as far as how they How they calculate that open You can sassy blue Angel you can create a user triggered bot That way you just hit the play button And it fires They do disclose it up for dollar But you gotta wait till the open To see where it's gonna be I don't know anything more about the timing With Schwab than anybody I know my account moves May 10th That's all I know Yeah same here Just hit 80% and out My lunchtime number one They assume that sarcasm Elliott Yes I need that buy wall to move Down below 670 Up 25% On the Wuga You just closed it for 25? No I'm currently up 25% Gotcha You were pulling the rip cord early Nope This is the day that Chad and Wuga ignite A new flame Fingers are crossed The Chuga I like it How'd you guys do in your baseball tournament? Oh man It was a It was a good one It was a little disappointing So you know Prodigy, Cisnerus They've been One of the top teams in the city In our age group forever They're not Prodigy anymore But anyway same team We've never beat them And we played them in the semifinals We went to an own Cool play, won our first bracket game Only had like three runs Scored against us in three games We were hitting the ball the last couple of games Really well, I mean we were playing awesome And then Cisnerus We had them down 3-2 Going into the last inning And then they came back and beat us by one run Oh, heartbreaker It was fun though SPX has basically been asleep for the last Yeah Two hours? Three hours? Not gonna lie What's that? I'm not gonna lie, I was considering a straddle Based on the price movement But I decided against it Just because getting back a lot of what I lost On Friday So market I think will continue to be Just anticipating CPI On Wednesday pre-market Not really much scheduled tomorrow either See if we can get another quiet day And The fun begins I get to go home and do some mowing Today Grass got out of hand a little bit Have any time for baseball? Get that bottom field mode It is Nice, it was youth season This weekend, I didn't even know it Yeah, I was gonna go But we didn't have the ability to go with baseball One of these mornings after I dropped my boys off At I'm gonna come out there and listen for some gobbles Cause I can do that and still Get home for trading Cause I dropped them off at 6am Yep, whenever you want Alright, Lewuga Looking pretty so far Looking pretty good I need to I need to plan Some stuff for these slow days Some kind of content Some kind of teaching, you guys have any suggestions Or do you guys just like us Hearing us talk about nothing There's something to think about, yeah Open to suggestions Fill up the suggestion box Ready, go Otherwise, if I get no suggestions, it's gonna be You're gonna hear a lot about baseball for the next 6 months 4 months Stone has speed training Tonight at 4.30 And then Wednesday He starts Weightlifting with incoming freshman at Pius Visit week for him Baseball practice after weightlifting From 7 to 9 That's what I do on the weekly update Did you see that video? Unless I don't understand your question I share the performance of all the All the different strategies I see managed into Split directional verticals Not sure what you mean by that I don't trade them that way I think I know what you're saying But I don't trade them that way If you look at my 1DTE trade So it's an iron condor What I've done before What some people do is Once you put it on You can manage the put And the call side separately So just click off the calls There's the puts If that hit a certain profit Close that out And then you just have the calls left You can manage that separately I'm not sure if that's what you're referring to But yeah, it's just not something I do Well, Sasty Blue into win rate Is not necessarily the best Metric To Evaluate Plus, I think A lot of people put way too much emphasis On somebody else's trade performance You know, just because You know, my trades Performed one way You know, during the week I didn't really have any validation For what yours will do I mean, this morning is a perfect example You know, Mauro Kind of shared what his 945 Eastern would be 1045 Iron Condor would be Him along with some others Put something on similar, I put one on You know, strikes were a little bit different So he got stopped out 30 minutes before I did So if it would have bounced I would have been profitable So there's so many variables like that Or just a slight difference In either the strikes that you choose Or the stop that you use Or the profit target There's so many different variables It's just not really that much Value to Put a lot of effort into evaluating somebody Else's trade performance Yeah, Cody, I have I've got two accounts I've got one that's called RealtyMogle.com And one that's called Fundrise I've been investing in both of those for I don't know Probably 5 or 6 years Are you familiar with those, Cody? Is that what you're talking about? Yeah, they've done well, very consistent Kind of 8 to 12% returns a year I think Yeah, I like Fundrise better than RealtyMogle They're two different structures I like Fundrise one better I think they are, yeah Getting closer on my one DTE Still need about Oh, it's touching it Tipped my order Wants it And so does my My remaining one-to-one Sitting on my order as well Both of those could close Any second Here's my one-to-one Closed at 50 cents Out of 50 cents I don't know In at 960 out of 50 cents And there's my one DTE Hit 45% So all out of my Challenge portfolio Total P&L on that one A little over 15k on the day Up 7.12% Right, Wuga, that's enough Now it's all up to Wuga Hit yourself back down there Yeah, I had to manually launch My one DTE Bot I manually launched My one-to-one Ratio Bot And then I manually And then I didn't use a bot for my 3.2 Because I didn't want to wait for the window to close So I just manually put that into TOS The only thing I'm wondering is I didn't calculate the exact Percent Because I'm using a percentage of My net lick to enter the size on those So I'm thinking I may Have gone a little bit light So if the bots Would have actually fired They may have been a little bit bigger size So I may have left a little On the table But that's real trading right there Cody, have you ever done Cauchy and traded event contracts? No, I have not I'm familiar with event contracts But I don't know what Cauchy is It's kind of like binary options Trading, right? The house take is pretty big From what I remember We went from 35% to up 8% Yeah, exactly, Eli Not really much edge It's just Someone like gambling SPX getting a little spunky A little spunky to the upside The money butterfly trading For about $1.40 Maybe $1.30 Not sure we're going to get to play With my homes About 15 minutes for that to get to $2 I don't think it's going to get there Which it seems like on a day like today It should, but For whatever reason They're keeping those a little bit cheaper Just wants to go to highs of day probably All time highs I wouldn't doubt it, man It's only 50 points away We'll have you all know I Processed DK's bet order today As much as it As painful as it was Just having the family neighborhood Barbecue on next Thursday Jack Stack They're the ones that actually I actually heard somebody else does now too But they're the ones that are good about Shipping Yep, heard that as well Gold, new all time high today We're going to need Old Woo to come back down below 5210 I know Michael Todd's on a 5210 straddle So A good reason for it to get back down there I do like that trade though That we did this morning Tomorrow I'm going to tweak my plan to keep My current Monday, Wednesday one I'm going to keep that for Wednesday But I'm going to start doing the The one I did today that you shared On Mondays You have to stay right there Still got a lot of theta left Decay Yeah, still got Over 20 minutes In 45 Monday, Wednesday Yeah, that's the one I was Doing on Monday, Wednesday pretty much The VIX overnight move up minimum 2% $12 stop. Yeah, that's pretty similar to the one I was doing $4 Yep That's the one I'm going to keep doing on Wednesday On Monday The Monday one Slightly different Use these $3 strikes and a $9 stop And no VIX filter Wuga coming back to center Come on theta Here's the one Decay I did this morning Wuga, alright Tomorrow I had A couple different parameters But The version that I'm doing No, I'm just going to do this one instead on Mondays And then keep the other one for Wednesday 42% Yeah, I'll be interested to see What they come out with on the Future stuff. I talked to the guy Who runs the futures for trade here I'm just, as far as my Actual futures trading I like trading on trade of eight Where I've got my Sweet little commission deal But then I like to see another option For Options on futures So I think it might be a little bit For that trading with a trade here But interested to see where they Get with that Jumping all around So I've got my order to close Wuga at $2.20 is currently trading at $3.10 Yeah, it came down. Now it's going a little too far Yeah It's jumpy today It's spunky little SPX Actually had a really tight range today Only 20 points Always cracks me up when Literally expected move Not even close Whoa, look at this crazy market SPX just moved 10 points It's the emotion talking It always feels like a huge move Whenever you just put a position on Right Yeah, that's the way I'll be doing it Sassy blue I'm just going to start calling you sassy Sassy for short My Wuga's about still around 42% Well bounce would suck The premium out Vic's getting back down towards 15 S&P really close To where we started today Yeah, my NDX One contract is going to be Max profit Yeah, if we bounce If we bounce up 3 points it should hit With the vol contraction Price move I'm right there 245 is mine 50% Yeah, I got a few minutes late So I'm going to be Waiting a little longer MSC number in a little over 3 minutes At the money fly Only trading for about $1.60 Maybe $1.70 And out Of Wuga The Wuga winner I'm now The jinx is off my back I still need another $0.25 I'm not going to get there for them My homes I'll do half size Try to get in Maybe a minute later I'd still like to say get back up to 5210 For Michael Todd I can tell what this I don't want to finish here I'd have to look at that again Eli I'll give you an educated answer Off the top of my head The MOC number coming here in about 40 seconds Wuga hit Alright, listing for MOC 780 million sell side, nothing I'm going to go ahead and cancel My order And I'll give it 10 seconds Canceled No more homes today No MOC, no more homes It was a good day my friends So let's see in my one account I did about A little over 5,000 On zero DTE stuff And then my Challenge portfolio a little over 15 So good way to start the week Yup Good, good, good Was a good day Wuga hit 50% Make sure I don't have any other stragglers I forgot about Yup, all good Alright my friends Chad, do you have anything left? No, I'm out of everything So good green day One DTE Wuga, zero DTE, everything NDX Yeah, I do have my NDX which will expire Yup Dead centered, barring some crazy move in the last 8 minutes Alright guys, kind of short today a little bit I guess For the live stream Tomorrow is April 9th Chad will be streaming live in the morning for Mighty 90 and Runners And then we'll be back for Power Hour Same bat time, same bat channel Alright all, take care Have a good night