 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 We're not here to gamble, we're here to trade We follow the plan, that's how we get paid Test and 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 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 What's up everyone, happy Monday, October 9th Welcome to Power Hour Live Look at this green going on my friends I think I opened Friday saying holy green lantern Batman And we got a back to back, back to back green lantern Don't see the old short squeeze set up like this Two days in a row, very often But here we are Today for zero DTE So I've got a zero DTE duck Closed half of it at 20% The other half is going to expire most likely Up the beak for another 780 Had a AM ratio that hit 50% Closed half and then got stopped out of the remaining piece So that was a winner, DKS Hit both profit targets on that That was a winner, quiet lunch Got stopped out for a loss Oh, and then I just not too long ago Put on a little discretionary JSP With a few contracts And that is currently up a little bit About 20% Yeah, the old quiet lunch turned into a rock concert I think is what happened So for Power Hour obviously we are up Over 1% from where we opened So in a short squeeze situation So for Tronch 1 I'm going to be doing a 2 to 1 ratio PM or Power Hour, short squeeze, Tronch 1 Yeah, so I'll be doing 16 by 8 I'm going to buy some puts And it looks like 5 wide maybe Got filled on one of my longs Jumped up to 10 cents, I was trying to get filled at 5 So it looks like the 40, 35 If we hold here I'll give it another minute I probably would have done more JSP's But I got some long Just some S&P futures Actually a little bit before the open today I still have some open So I had kind of a long bias indication When I started the day So I didn't want to add too much to it So I just did those few JSP's here Oh, I forgot, I did do the morning JSP's I did those after I reduced my stop So that was a small I think kind of almost scratched It's a tiny loss Alright, 5 wide Filled at 10, 70 Filled at 10, 70 On the 40, 35s You had 1,000 loss on the morning JSP I may have, I had it shared with another Strike on I think the DKS So you might be right It may have been a little bit worse than a scratch Popping up to almost new highs on the day And got out of 2 of my 3 JSP's at 50% A little push up So 4 Tront 1 Looks like I got filled some at 10, 60 Some at 10, 70 So just call it 10 Most of them are 10, 60 So 10, 60 Times 0.6 equals 6 So 6, 35 is what I'm looking for On Tront 1 to reduce my stop Put on a time fly this morning When the market was down And already had to adjust that one So we've got 2 time flies on Both with the calendar adjustment Here's the October 20 position Already pushed up above the call strike there So I may look at pushing that one out here After I get through 3 Tronches And then the one I put on this morning Is the October 27 And it pushed up so I added the 4375 calendar VXX which is up big this morning Coming all the way back Our first one almost back to a scratch And our November 17 verticals up now About 500 This is definitely helping our short premium MES we've adjusted this one a couple of times It's pretty well centered QQQ Same thing IWM, same thing Oil big bounce up 4% Kind of bouncing us back towards center Our rut duck which was coming down Got a nice bounce to help that one Added a call calendar in NDX I wanted to go with a little bit bullish skews So I used the call calendar Just put that on today We've got our SPX It's pushing up to the upper edge Not upper edge, the upper quadrant Hey Vegas Michelle How can you tell a short position doesn't have a bid I just look at the option chain So if you go out to the on the call side here Starting at the 4375 There's zero bids on those So as we get closer to the end of the day Those will start creeping closer and closer to at the money And then depending on where our short strikes are Those can get to a position right towards the end Where they don't have a bid So I just look at the option chain there Yeah that volatility Is increasing in oil Look at USO The oil ETF I know you don't have this morrow But on the IV indicator you can see it Implied volatility really pushed up today in oil Yeah I would assume that has something to do with the Israel conflict going on Speaking of that, holy moly That's terrible man I don't pay attention very closely to news Just because it's usually so negative And so politically agenda driven But I happen to be watching some football Just scrolling through Twitter this weekend Some of the videos that were posted On Twitter were just gut-wrenching I mean can you imagine just You know you're sitting there All of a sudden there's a surprise attack From like a militia terrorist group And they're just I mean they're literally Going around to civilians And ripping people out of their houses Crazy Not a good thing Not a good situation It's sick man Sick, sick, sick You know a lot of us We think of that as so far away Like that could never happen here But I don't know When they're yelling death to Israel And death to America Scary stuff Personally I feel A little bit safer being on the Inner Inlands Of the United States where I'm at And if they showed up You know I live on 65 acres And I have an arsenal so You know those You know those like bookcases That I have a secret room behind them You open it up and there's a secret room We have one of those I guess it's not the secret anymore I'm not going to tell you guys about it But you know what I mean But I mean gosh I just I don't know man That kind of got to me When I was watching those videos It's just so bad I just started kind of going into A day's imagining People just going door to door Ripping people out of their houses Just crazy I usually don't Get too emotional over But some reason that one That one got me this weekend Alright It's still about almost 10 minutes Until Trunch 2 I'm pretty sure they already have They already declared war Yeah I'm going back and forth on that one Meach I am going to I'm going to wait until after Trunch 3 I'll probably close the one that's down And leave the Profitable one open Try to squeeze out a little bit more tomorrow I just I'm basing that on an assumption that we're going to Continue higher Put on a 1, 2 DTE Double calendar today It's down a little bit The 4, 7 from Friday Is up nicely It's up about It looks like it's up about 15% or so So I'm going to take that one off tomorrow morning Yeah tomorrow once I got into I didn't mention this on the little video I did Once I once we kind of got into Short squeeze territory You know up a half percent and then up a percent I was like I'm just going to let those run a little bit We just sliced right through the upside expected move Started the day with the expected move Of about 27 Cut through that Like a hot knife through butta Still a few minutes before Trunch 2 Yeah I would say Tomorrow I saw your comment about You know really Or just kind of your concern about Humpty's I would say I mean Absolutely But you know you want to Obviously be cautious in position size Especially as you're just kind of Working through those but I certainly wouldn't discount I mean look at I think when you maybe Started you started Close to when I don't know where you started but Vix Was probably in the 12, 13, 14 handle And when you get a volatility kind of Spike like we've seen here that's obviously Going to be working against Those but So anyway take that into consideration I have Vix back down to 17 And a half just like that Alright so Trunch 2 By some longs By the way I posted In the trade plans channel I just I decided to just keep My trade plan the same as last month Went back and forth on A few different little tweaks But in the end just decided to Keep it as is I just decided that On the 3-2 I mean You can kind of compare them side to side The 3-2 improved the win rate But reduced the mar reduced Cagger So it just wasn't Wasn't really an improvement Enough for me to Proceed So I'm just sticking with old reliable For Trunch 2 Looks like it'll be 5 or 10 wide Yeah in fact I was Today when I was kind of just finalizing Or you know getting ready to put it out And finalize it I was kind of comparing Them a little bit deeper and It was almost one of those things where I was like What was I looking at before That I thought I wanted to Change out I mean obviously the win rate Was a little bit better but All the other metrics were Slightly Not as good as the 1-1 Looks like we may have the same strikes for Trunch 2 40s and 35s Trunch 2 5 wide 585 580 Fill it 580 on the 43 40 calls 43 35 puts Kelvin are you talking about on a day like today For short squeeze Exactly but Let's take a look while we are Waiting Let's try like 8 here Let's see I'm going to move up 0.5 So stop loss Print needs to go to like Let's just try 6 Adjust it Down to 3 Not too shabby What do you guys use on your stops For 2-1 for Trunch 2 6-2 Mara you trade a 2-1 for Trunch 2 on a day like this Forget to look at the metrics here Let me Go back to this one So we got 1% 78 Mara 9 3 So 600 times 8 About 4800 So this would put This would put my Stop risk The same as my 1-1 As far as position size goes It's got a higher win rate Lower Mara Lower draw down Maybe I'll play around with it a little bit more But not necessarily seeing Anything that jumps out that makes me want to Switch Getting a little pullback in SPX It's time for Trunch 3 Trunch 3 looks like We should be able to get 10 wide So a 2-1 ratio Always takes more buying power For sure But I kind of ran into that on Friday Where I Had over 200k And free cash going into Power hour in this account And Was getting rejected for Trunch 3 I was doing a ratio on Friday I always get messed up on the ratios I think it's me I don't think it's a toss thing I had a whole bunch of different things going on On this cycle So either I confused The margin department Or I confused myself one of the two So it looks like the 40-50s If we hold here Or excuse me 40-30s 43-40s 43-30s 10 wide 325 325 on the 40-30s For Trunch 3 We got a pretty tight little range here For the rest of the day Which means if price Moves that's no bueno Price stays More bueno Between 35 and 40s My sweet spot Yeah I don't know the answer to that Delia I I mean if I'm in a position To take it to the bell I will See I almost I almost kind of think the opposite On a day like this I'm more I would be more inclined To think there would be a Another push into the end of the day I totally get what you're saying as far as Been a big day People are going to be taking profits Kind of like they did last week right Kind of sold off a tad At the end of the day But My My mentality would be a little bit The opposite Alright for you PMMers I'm going to close that one Humpty Let's show you that at 345 340 Partial fill at 350 Trunch 1 I'm looking for 635 I'm trading At about 720 710 Ah got you Marle For Trunch 2 Trunch 2 580 350 Now Murph Dog I haven't I haven't found anything that Makes me want to reduce my stop on Trunch 3 As far as testing goes That guy was a piece of work You didn't miss anything Murph Dog Just haters being haters I was patient I feel like I was overly Patient with that guy I even got on a call with him Like a zoom call Because I could tell He wasn't getting it And he had this negative attitude So I was like alright I'm going to take some time Which I very rarely have the time to do And Yeah He just He just Loves to stir the pot He just loves Conflict is what I figured out Alright so I just closed my PMM Humpty I'm going to post that here So 360 I got filled a little bit at 350 But yeah it was Anony Mouse So he loves to have these anonymous Names he Changes it he got kicked out of option omega As well he got he just He's just toxic Yeah I mean I would try to He would ask a question I would try to point Him towards a video Or a lesson in a course And he didn't have issues to watch anything And I don't know what his deal is But that's right We all have issues Just not that one Alright train around 4333 Funny this was He was trying to he was trying He didn't know what a vertical spread was He didn't know how to how a vertical worked So I tried for Weeks To help him understand He just he wanted to argue with me Like dude I think I know how a vertical Spread works I'm trying to Trying to teach you but He just wanted to Stir the pot And we'll pull back off the highs here high today was 4341 back to 4332 Well then he and then he tried to blackmail me He sent me He sent me these direct messages telling Me if I pay him $500 I'll stop posting Seriously He called He called navigation trading Trump University whatever that means I thought that was kind of a compliment But I don't know what that means Well that says Man there's the The DM Alright boys and girls we need a little bounce Could use a little bounce You pay me $500 And don't post in the gains and change Channel in options If you agree to those two terms were Square Square Negotiating a hostage Situation here I'm like the US we don't we don't submit To a Hostage ransom blackmail That's my policy That fits Nick Yeah I would have done that Elliott For sure 21 minutes till the bell I think he Honestly I think he goes on like a Drinking bender Or maybe cocaine bender I don't know Because he'll go rapid fire for like Several hours Posting stuff that's what he used to do When he was in this community What he did an option strat and then he'll go silent It's like he passes out He can't He comes back on another rampage About 12 hours later Alright Mr. SPX You've been kind of grinding lower Enough I think it's time for a little bounce back So we can reduce our stops Trunch 2 is at $475 I need $350 Trunch 1 is at $9 I need $635 So we need to bounce back up towards $37-ish The juice Let's see what the juice has to say The first two early indications For the market on close and balance $197 million Sell side Anything under a couple billion is basically nothing S&P is only up $23 Feels like $93 NASDAQ up $69 Russell up $9 Dow up $160 Golden Silver higher Notes and bonds higher 10-year getting a little pullback Hit a high of $4.88 $4.64 Oil up over 4% Natty gas up $1.5 Natty gas has been on a little run Natty gas has been on a little run I don't know if we're expecting a cold winter Or what's going on Bitcoin back under $28,000 VIX hovering just under $18 Chris are you asking about the previous day Open high low close We have that on the Are you talking about the current day On TOS It's always Right up here on the top bar It's not obviously marked on your chart Coming up on 15 minutes Still trailing lower Trunch 2 trading at 6.5 Stops at $8.80 Trunch 1 trading at $13.5 Stop at $6.60 Trunch 3 trading at $3.3 Stop at $6.25 Not necessarily too close to Stops, but Do need a bounce here You guys got stopped on Trunch 1 I'm still about $4.00 away Alright I think you just needed to go down and touch $43.30 Before it creeps back up That's where I had my defibrillators at Am I right Dick K So let's see what we got going on Tomorrow Tomorrow is Tuesday the 10th We've got a couple of FOMC members Speaking FOMC member Waller Due to deliver a speech titled The Evolution of Monetary Policy Woo That's If that doesn't get you fired up, I don't know what will At the At George Mason University We've got Kashkari That's at noon central We've got Kashkari speaking at 2pm Central right as power hour starts Due to speak at a town hall Hosted by Is it Minot Minot state Minot state Minwa Somewhere in North Dakota Minot Minot state Thank you Didn't want to offend all of our North Dakota members Other than that, nothing really going on Then of course Wednesday PPI pre-market Thursday CPI Pre-market Trunch 3 is down to $1.90 Trunch 2 down to $4 I'm looking for $3.50 Trunch 2 may get a reduction here Pretty quick So they get to $3.50 We'll use that to $5.50 Trunch 1 is trading back down to $8 I need $6.35 on that one $3.50 There it is on Trunch 2 Reducing stop That's all we needed Trunch 1 is trading at $7.40 I need $6.35 We need a little bit more of a bounce Don't stop there Don't come back down You saw Trunch 1 hit $6.30 You get the same strikes $4.40 and $3.35 $2.00 to $1.00 It would be getting stopped out right now If I reduced my stop I'm going to act like I didn't see it and see what happens here 7 minutes till the bell If I get back down there again I will reduce my stop I can't trust what Krish says So that's why I didn't do it Krish is very He's not very trustworthy He's a scam artist He's one of those scam artists that you read about Alright, $6.80 I do believe you, Krish But since I didn't see with my eyes I have to I have to roll with it See if I can get lucky Missed out on that stop $6.70 $6.50 Come on, little bouncy bounce It's getting down to 5 minutes here Which is Getting down into exit territory But I'm going to hold for now I think we bounce $6.70 Whoa, there we go Reducing my stop Alright, nice little push up to $43.37 Into the close What do you guys say? $3.45 We're at $0.30 Let's put that down to $0.20 Get a little greedy here $3.50 Heart rate $0.86 I just need something above $35 Would be beautiful Just above $0.35 We'll then tranche $0.3 at $0.20 Still have one JSP Trying to get Phil at $0.50 He's trading a little over a buck Someone at $0.3540 for both Trunch $1.02 I need a little squeeze above $0.35 Two minutes Just a little uh, uh Keep my orders in there I've got tranche $2.55 And we'll see Trunch $1.00 My limits at $1.05 Let's bring that down to $0.20 Get a little bounce Filled at $0.05 on tranche $1.00 Filled on my JSP at $0.50 I've got tranche $2.00 I've got tranche $2.00 I've got tranche $2.00 I've got tranche $2.00 I've got tranche $2.00 I've got tranche $2.00 Let's see if it can hit my $0.20 here Oh, there's the bell And pin baby Just above $0.35 Sweet So that was my, I think that's going to be my biggest power hour ever Profit wise Let's see what we got here So tranche $1.00 I got in at I'll call it $10.65 Some filled at $0.60 Some at $0.70 $0.65 Tronche $1.00 got out at $1.05 So $9.60 Those are $2.00 to $1.00 $8.00 So $7,680 on tranche $1.00 Tronche $2.00 Got in at $5.80 Tronche $2.00 Oh yeah, tranche $2.00 So that was a full winner Tronche $1.16 $9,280 Tronche $2.00 Tronche $3.00 I got in at $3.25 Out at $0.20 So $3.05 times $14.00 So $4,270 On tranche $3.00 $8.00 $7.00 $6.80 $9.00 $1,230 Minus the cost of the $5.10 Sweet Beautiful What a day What a day My friends, good way to start the week So for tomorrow Tomorrow is Tuesday the 10th So Chad streaming Tomorrow Wednesday Thursday in the morning We'll be back for Power Hour every day of the week Alright my friends, have a great day, have a great night Cheers