 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 Find what works for you and forget the rest Stats and probabilities is what we're a dismiss green 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 Hey everyone, welcome to Power Hour Live on Wednesday, January 24th Ball as well S&P It's been a little all over the place today It's currently up 20 NASDAQ up 156 Russell is down 10 Tao pretty much unchanged Gold, red by about a half percent Silver up one and a half percent Notes and bonds slightly red, Denier yield up one percent Oil up one percent, Natty Gas up eight percent Grains are green, Euro and the pound slightly green Bitcoin up a little over one percent VIX has been climbing all day Even when the SPX was going up Peak to 10 above 13, currently at 1284 Got close to a $4 straddle on each side So I'm going to be doing my normal size, normal power hour today How's it going Steve? Mr. Chad? How are you doing today? I'm good man, you having a good day over in the office? What's that? Are you having a good day in the office there? I am, every day is a good day Yeah, I had a couple of people trash my Airbnb So, yeah, it left today at 11 And I went down there and it was not good Well, that's no fun No How's the TLC trades today? Okay, so I'm completely out of one My AM Iron Condor one booked 1680 And my number two I'm holding my puts That's all I have left And it's going to be a small winner I'm currently, it's setting like plus 175 bucks So if those puts expire worthless It'll just be 175 bucks Or if we get some down movement Maybe I'll get some value out of them I am in my lunchtime number one I've gotten out of 20 and 40% And I have a power hour number one I entered about 15 minutes ago That's kind of testing the upside And so I would put another one on Maybe here if it goes to the upside a bit more Maybe look at the 85, 48, 85 straddle I'm going to wait here just a minute I got three of 10 contracts left on lunchtime number one So I can either just close those three out When I hit my next profit target Or I could just close a couple out I'm getting close to the profit target So I might just close them all out And open up a strike for me Because as you know, I'm not overlapping strikes So I'm going to try to close those three out At 60% My NTT was doing well this morning And then I've been looking for an area Or time to kind of start increasing my size Well, I did that right at the wrong time Today, so I'm down a few K on mine Yeah, so right here I started increasing And bigger size here and here But those got stopped out without hitting a profit target So good timing, good timing on my part My bots just did two trades this morning One was the AM morning 70 minute trade That booked 18% and my DKS hit 40% Also took a winning futures trade out of oil For about 1400 Yeah, I just got filled on the 48-85 straddle Just so everybody knows 30 points wide So my trotch 1 will come in here In about a minute and a half Looks like it's going to be the 85 straddle Got filled at 725 I may go inverted here If we're in between strikes Now it looks like it may be the 80 straddle Yeah, it's coming down Price coming down Down to 80 So my SEO is filled at 725 Would be 580s and my profit target And 4 is my trailing stop Trotch 1 should be coming in now And it looks like it'll be the 80 straddle Filled at 750 750 So I'll reduce my stop at 450 So I saw the Bank of Canada came out And held their rates steady I don't know if that had anything to do With the little movement here Earnings after the bell? Tesla and IBM Chad, I can't believe you dumped those Netflix calls Like I told you to hoard those Dude, you're like You're gonna get hit by that Ball crush I've never done that before I've never held Something on earnings I was like You know, I've heard like they're gonna They're blowing it out of the water I heard that on that business station today It's like let me just buy one call Just for fun of it It was up above 560 It's down to 550 now AMD up 6% NVIDIA up 3.5 Baidu Up again Meta up almost 2% New all-time high in Meta I was listening to Sports Radio today And they were complaining about their 401Ks being so low And I'm thinking dude, we're like at all-time highs They must be sitting in cash or something Like what the 75-75 would be Would not be inverted, Krish That's a straddle Ryan, you're talking about 85-80 iron condor So Starma I'm not sure what I'm not sure what Ryan's questions regarding So you got in Chad You got into 85, now prices dropped So he was wondering if you should do 80 or 85 But guys, it's not about It's not about copying The same numbers that he got in It's about learning the process And Yeah, so it depends What you currently have on, too Like if you have nothing on Then yes So I trade this time of day based on What I currently have on I had already had a power hour number one on And it was testing one side So I centered My second one, which was the 85s So if you had nothing on Like if you're One that has nothing on right now Then like the 80-75s Or no, 80 straddle would be good I would do the 80 straddle But I had nothing on But because it's relative to what you've got already On, it's hard to answer that question Sectors today SMH Leading the way higher Over 2% semiconductors Regional banks strong Energy strong Financials green All red Real estate red I did just get filled a few minutes ago Also on my overnight iron condor That was on the January 26th expiration Shorts are 4860 and 4905 Yeah, Mauro, it's on the It's on the sheet SPX, of course, hit a new all-time high today 4903.68 Starting to get a little decay coming in on trunch one Yep A little bounce On a 1-2 double calendar this morning It is down a few percent Currently Oh yeah, I put on a half-size Rick this morning and that one's not doing So hot right here We need to get below 72 To get out of the valley Feb-2 time flies Still a little bit underwater That'll be one that we fold up until 1DTE It looks like On a new time fly today In the Feb-9, Feb-12 Cycle It's pretty close to where I put it on MES On both of these I was getting close to rolling up the Puts Then price pulled back Still have one duck left I was trying to get filled at 505 Yeah, you're not going to get filled yet on that one Close for beak profit Hasn't been on long enough See, Apple has earnings on First It's a few bucks under all-time Highs They just release their What do you call it? Their mask thingy They don't want you calling it a virtual reality headset They want you to call it something else Spatial computing Is what you got to call it It's only $3,500 You can go test that at your test drive That's your local genius bar Tim Weiss is calling out SPX It doesn't have it to the downside Yes, that is a technical term DK The official SPX currently at $48.83 Trunch number 2 will come in in about 4 minutes Looks like it might be the $85 straddle if we hold here Push up a little bit If we're in between, it could be 5 wide Yes, Calvin, I told you I told you my predictions are Dead on, my friend The upside expected move For SPX for the year About 5,530ish We got a ways to go Popped above 4,900 4903 Which went up about 8% so far If we hold around 80 It'll be another 80 straddle for Trunch 2 Coming in here in a couple minutes We're down to 78 now Trunch 2 will fire Start to fire at 13 minutes and 30 seconds It's going to be close between the 80 straddle or the 80,75 strangle And the bot should start firing about now Looks like it might be the 80,75 80,75 strangle filled at 480 5 wide but low premium I'll reduce my stop on Trunch 2 at 290 SPX is heading down VIX back up above 13 SPX new low of day Expected move to the downside Is right around 48,71 Trunch 1 is trading at 940 Stops at 1150 Trunch 2 is trading at 610 Stops at 780 My Rick just pushed out of the valley Right down to the lower expected move for the day Both Trunch 1 and 2 are about 2 bucks away from getting stopped So they would appreciate a little bounce here Yep, that's exactly what it is, Tom So when you're looking at the option chain It's the price here of the calls and the price here of the puts So $4 on each side for Trunch 1 $3 on each side for Trunch 2 What are you referencing, Anil? To close what? Oh, the 6,7? No, that's not part of my plan SPX pushing a little bit below the lower expected move Trunch 2 is trading at 650 Stops at 780 Maybe Tesla will fall out of bed after the bell Can we get some of that? Can we get a 50% drop in Tesla after the bell? That would help SPX down to 4870 Trunch 2 is trading at 680 Stops at 780 Trunch 1 is trading at 1040 Stops at 1150 Getting some value out of some puts here What are you selling for? You talking to me, Steve? Yep What, my Tesla? No, your puts Oh, I did See My power-hour trades One was 20 cents and one was 15 Gotcha 4840 and 4855 Puts S&P is up 5 from yesterday's close Russell down almost 1% I think I might hold these two Tesla puts and just see what happens Trunch 1 and 2 is still hanging on by about a buck each, we need to get back above 75 Trunch 3 will be coming in here in a couple minutes Trunch 3 will fire at 2430 So, here in about 90 seconds Alright, I got filled on the 4875 straddle 20 points wide for my number 3 Filled at 710 Getting a little pause near the expected move area Trunch 2 about to come in, looks like it'll be 5 wide with the 7570s Getting a little bounce Filled at 585 for Trunch 3 That's on the 70 puts, 75 calls 2 to 1 Trunch 2 back in the green, Trunch 1 Just slightly red now I mean 7580 75 and 80 is my sweet spot Closer to 80 So I didn't take this NTT trade today because I planned on trading my normal power hour but getting in at 135 That would still be good Most definitely would have booked 20% at this point He's a little bounce Just a little one A little bounce, now it's coming back Back down Back down to loads of day Trunch 1 is trading at 1050 Stops at 1150 Trunch 2 is trading at 665 Stops at 780 Rick is green but not hitting profit target yet I'll be trading at 1460 My profit targets at 1575 Should actually be at 1555 for 30% New low of day Trunch 1 and 2 are getting close to danger Tesla puts are sitting at the 65 Delta Buying some earnings puts So I bought puts today when Tesla was at highs of day So I'm up like I bought 4, I've cut 2 So I'm up $1100 and have 2 left 380 million to the sell side Early indication Yoda, there's quite a few people who trade zero DTE with tasty Some of the functionality that TOS has, they don't have And I don't trade on tasty So I'm probably not the best to answer this But if anyone else on tasty wants to chime in I think Is it They don't have trailing stops, is that right I can't even remember what the issues were No trailing stops They don't have the works yet No, but supposedly that's coming I heard that They've finally acknowledged that it's dog shit Which is I heard that such a long time ago Getting a little bounce A little bouncy bounce Was there an issue with like bracket orders, like having a stop and a limit profit target at the same time or something like that Oh, they do have Ocio now Tom doesn't use it It doesn't make the platform usually I think he used an analyze tab He comes from the pit days Yeah So he just uses the option chain basically All he does is sell strangles all day anyway So he doesn't need it Do they still have that tasty trade show and stuff they do Let's get back above 75 kids Yeah Trunch two is green Trunch one is trying to get green Trunch three is up 15% 4875 is a pinhead for me Trunch two just bounced up 20% on that little bounce I tried watching them for a while but it just didn't do me good Hit 20% target on power hour number three Yeah, I like both those guys I've had Tom on a couple times for webinars back in the day and they've just done just tremendous things for the just option trading in general awareness and education and stuff like that so I've I've nothing bad to say but it's just kind of frustrating I mean they you know they're devs or the same guys who built TOS and so I had high expectations for Tasty's platform and it just never got there Back for COVID I talked to a few of them at that chair's expo in New York Nice guys All three trunches are green I could use a little bit more push up Just closed out power hour number one 60% profit Nice So that's a $2040 winner power hour number one Have you gotten stopped without hitting 20% today Uh Yes on my power hour number two That's the only time and then I sold my puts for 25 cents so it's a 1250 loser So probably that's a good thing for me to tell everybody and kind of talk about why I do this Um Why I use just the $4 I don't go above $4 so my my power hour number two got filled at $725 Okay so If I would have used the 75% trailing stop See that would have been That would have been a 545 trailing stop But I use I don't go any higher than $4 on power hour So it stopped me out a little quicker made the loss a little less Nice just my risk management Uh Kelvin it should be I posted the uh the trade Trunch two is at 34% currently trading at 305 once it gets down to stop on trunch two So I'm going to be it's going to be a Let's see 5 in 1 day for me No 4 in 1 No I didn't do 6 trades because I took 3 power hours So it'll be a 5 in 1 day 5 winners 1 loser A little push up in my trunch 2 should get to 40% Trunch 1 is at 22% Trunch 2 is at 39% Trunch 3 is at 27% Yeah again I think he said he had 5 winners 1 loser so 6 Yep I forgot that I did 3 for power Reducing my stop on trunch 2 My second one got stopped really quick So I forgot about it Still 380 million On the market on close To the sell side Alright just Come down just a little bit here now Don't get The power hour 3 and that's it My trunch 1 is at 80 So it's going to get Closer to 80 for that one to get reduced So my trunch 1 It gets down to 450 I would reduce my stop to 3 bucks So that would put it at 750 My opening credit was exactly 750 So I'm just going to do 5 cents below the open We get there You got a prediction on Tesla? Do I have a prediction on Tesla? Yeah I mean my heart wants it to go lower Does that count? Absolutely I want to know what your heart is Dick K saying gap up for Tesla That's because he's loaded up on Tesla shares Or calls Nice job Michael I was wondering what this chart was This is T-L-S-A not T-S-L-A I'm going to hold my 2 puts No matter what The risk doesn't really Alright trunch 1 is getting reduced That's a Pretty quick stop reduction For a straddle In power hour I'm down a little bit So what do I think Tesla is going to do? I mean I'm up a thousand bucks On it right now So the most I could lose would be 1900 which would net me at minus 900 bucks So I'm just going to hold How many puts do you have? Just 2 left So just 2 left The expected move is 15 bucks Okay So you can kind of get a gauge Of where that would put your puts Either if it stayed within the expected move Up or down You kind of gauge what that would do So man down to about 1 Down to about 193 That would be Over 3300 bucks If it would goes up So roll the dice Chad Yesterday it would be the wrong advice to close out Today I'm just telling you to roll the dice I'm rolling it man 173 million to the south side Is the Next early indication Final number in 5 minutes Okay it's coming down a little bit I got to hit 40% Of my number 3 Haven't done that yet Getting close to 40% Here's my Remaining straddle Just for fun It's my remaining Tesla Just keep in mind your profit or loss Is going to be closer to that teal expiration line After the crush The Wednesday to 5 I haven't been doing that Partly because I've just been kind of Forgetting about it Alright Michael, level 140% hits In power hour Speaking of it, I'm about pinhead right now Pin high That's my pin That's far enough I'm going to pass on the 2.5 because I've got Oh I got stopped out of trunch 1 A little flush I did not hit my 40% I was like 10 cents from it So I lost 4% on trunch 1 Minus 300 bucks After I reduced stop Oh boy it's coming down Back down to the near lows of day I didn't hit my 40% darn it Trunch 2 It's close to getting stopped Stopped on trunch 2 Still in trunch 3 Which is at the 70-75 Strikes 4 billion sell side I'm going to short some futures Darn it man Dying away from hitting 40% 4 bill to the sell side Let's see if we get some more downside action here Trunch 3 is still barely green My Rick just hit Nice Man my power hour 2 is going to get stopped Or 3 I mean I've got one Rick runner left The kid does have calls I'm going back up It's got the 70 puts Looks like we got that flush In anticipation of the MOC number We'll see if we get any follow through here Michael's a savage 20, 40, 60 and out You out of everything Michael Had to be a nice green day right I'm short the S&P futures at 48, 99 It's coming up a little bit Nice Michael Nice Michael Todd That's two really nice green days in a row right 3 oh yeah What about going back to last week You don't have many red days either Michael Vicks back above 13 Shout out to Rick here 1200 on my S&P futures Oh Oh Got an order at 48, 95 to close 6 of 10 Stopped out of my number 2 So never booked 40% I didn't have time to search for a new one Ken I had to just get it out there I was preoccupied with my other trades Sorry I'll do better next time for you Trunch 3's hovering around break even I missed getting out of 6 of 10 of my futures by a tick Stopped at 48, 95 My orders at 48 Stopped at 48, 95.25 My orders at 48, 95 Now it's bouncing Missed it Still 5 minutes to go Man I'm out of everything Look at that had my order at 48, 95 it came down to 48, 95.25 Or bounced Yeah bounced Probably hit my 40% Stopped me out That's the one thing about lowering your stops Sometimes you do get stopped And it'll bounce like that So Trunch 3 I'm down to 5 minutes I think we're going to continue lower here I'm just going to close my Trunch 3 at 66% So 58, 90 for me Well then Trunch 3 at 205 Alright Now I'm ready for a big flush to close With Trunch 3 I made 2300 And then between Trunch 1 and 2 I lost 500 so Green power hour Let's see if my MOC trade will print for me I think this is the first MOC trade I've had the opportunity to trade since I Put out the little Video of how I was going to trade it Bigger than 3 billion A little lower Yeah I'm trading ES I went short 10 ES contracts Trying to get out of 6 At 4895 We can get one more little push down I'm going to get out of 6 Closed out 6 of 10 I'm going to let my last RIC Expire One more flush into the close I could hold these until Through the Tesla Announcement too If I wanted to be If I wanted to get crazy There's the bell SPX closed at 4868 Earnings should come out in about 10 minutes Alright my friends Hold out a green power hour Green MOC trade My NTTs were Red But Green Day overall Alright I'll have a good Night as far as live stream goes Tomorrow is the 25th So I'll be streaming live in the morning Chad were you planning to join Tomorrow morning? Yeah I can do that Okay so we'll do Zero DTE in the morning And then be back for power hour tomorrow Alright I'll have a good night Take care Later everyone Peace