 End of the day, 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 Ay, ay, let's go 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 Ay Hey everyone, welcome to Power Hour Live, March 13th on a Wednesday Hope everybody's doing well SPX Has been a zero DTE premium sellers dream today Oh yeah, it's been a good day Needed it We are just under yesterday's close Basically just under where we open the day Only, let's see, 79, down to 62 It's a pretty tight range Good day for the TLCers Oh yeah My lunchtime number two, I might just let it expire I've already booked 60% Settin' pretty close to the middle I got a Power Hour number one on And I have not hit 20% yet So I will feel a lot better when I do that Yeah, normal day, no premium So I won't be trading any Power Hour tranches But here's what I've got so far So my only loser today was the O2 call calendar this morning And that was actually a fairly sizable loser compared to You know, they're usually plus or minus 2% or 3% This was a 5% loser, so That was my only loser Had a price action trade hit Actually, these percentages are not correct I'm working with Trade Steward when you reduce your contracts It's not tracking the percentage correctly, but Nice winner there, another nice price action winner Quiet tranches I got out of some of these early Right before the bond auction Just to reduce risk and Kind of take some chips off the table, but those all worked My NDX trade is nice and in range And then these are listed as PM tranches But I just manually launched them They didn't qualify and they're just two to one So I wanted to sell some premium, but I wanted a little bullish bias So I just manually launched my PM tranches One's up 33%, one's up 24 So those are good and then In my challenge portfolio No losers either had one Booked 30% and then got stopped out for a profit On the remaining For both of these My original one to one ratio from the get-go From this morning is still in effect Sold at 9.50 is trading for a buck And then I'm also in another 3.2 Which I actually need to reduce right now Close half, reduce my stop And I did hit 20% on power hour number one Yeah, madam butterfly, I don't know that I'll enter in another power hour trade I mean, I'm staring down the barrel of a 3-0 And a nice green day, so I don't know that there's a need to try to put an all-in-one With the low premium Today is Wednesday, no Ugo Wednesday Ugo doesn't play on Wednesdays My one and let it run is trading at 40 cents And I got filled a 6.20 on it this morning I don't think he'd get enough premium to qualify for the Ugo either There's too low Look at that, at the money 75 Straighten it 3.370 2.75, 3.70 No, thank you Yeah, my one to one, I have not re-entered discount It's the same one from the From the opening bell My original 3.2 did get stopped out after the first profit target So I re-entered that, I'm on my third one of those But my one to one has survived all day Yeah, I like that one and let it run It's just low risk And you know Kind of similar to what I'm doing on my NDX trade Okay Just put it Just putting it on at the open Yep And letting it ride all the way through I put this one on at 8.43 central Oh, naughty dog I got something for you I just got my new batch of bone broth There's a variety pack that you can get on Amazon I'm trying on anyone today You know what I am What I just got, it was I got like two weeks, well not two weeks It's probably 10 days worth of meals from Factor Have you ever heard of Factor? I have not I got it from the Mahomes That's something that they use So Fresh meals, never frozen Delivered to your door They've been good so far Yeah, I've got a buddy who owns healthy meals Same kind of thing, they cook it fresh every night And then deliver it to your door It's good stuff Yeah, yeah The one I'm trying today, naughty dog Is the coconut curry lime Ooh, it is good It is tasty Yeah, I just got them off It came in a variety pack with all four from Amazon If you like This little down move If you like Thai curry chicken Like green curry chicken at Thai restaurants It's like drinking green curry chicken It's so good I don't like this little down move It's shown right now I was a little startled when I opened it though Because it's, you know, most of it's just liquid This was a little chunky So I was as nervous that it was Let's see what happened here Did I just get stopped? Yeah, I just got stopped out of my 3-2 Yeah, it's a marketer profit Coming down, I was worried about that today Thought there might be a little action at the end Since it didn't move much It's like it wants to fall Now really falling Let's get about NASDAQ, hold on Yeah, I thought I was going to have a profitable power hour trade But now it's looking like it's going to be a scratch Unless we get a bounce Only I probably would put on a power hour number two But premium, it's just awful Pretty jumpy Yeah, I need a little bounce here Yeah, power hour trade is definitely testing my short strike To the downside, but I still think I want to take on any more risk At the moment Oh, Wuga, bad experience with Factor, huh? It's far so good here The, let's see, discount double check That's the, somebody, again, we were talking about it Monday Something over the weekend, post the option Omega One contract, Iron Condor and just letting it ride all day Putting this, I use a 75% stop 20 deltas, 50 points wide Maybe it's going to pay me about an extra 600 bucks today Tom, it depends on the day So today I'm not trading power hour at all But if it's an update, then I'll do two to one Check out my trade plan and the trade plans channel And it'll kind of give you the details With the option Omega links Of how I trade the different situations Yeah, nobody's taking credit for the naughty dog For the option Omega back test that was posted this weekend I don't remember who did it Somebody posted it I looked at it and I was like, oh, it looks really good Russell on the outcoming down Yeah, I was trying to get out of my five seven At the end of the day with thinking this thing Was going to bounce too I mean, it's scheduled to come off at the end of the day Anyway, but if we would have got a bounce here It would have been up over 20% Now it's back down to even My one two also was getting close to 10% Did not get filled Now it's back down to about 3% Yeah, so the Mahomes is definitely going to be $2 By 10 or 15 minutes till the bell Keep in mind because we've had very little price movement So if that continues into the close, that wouldn't be good But it would be nothing to get a five point move In the last 10 or 15 minutes So so I've been doing So I did a couple of things here I actually already started selling a couple Yeah, yeah, Alison, I posted that I was live streaming when I put it on So they asked me to put it in the day trading chat channel But yeah, I can put it in mine And are you taking credit for this discount? Is this yours? Oh, you just recreated it Okay Well, there you go That looks pretty good You can't you can't get any premium earlier in the day, Elliot Like in the morning I mean, these things will be trading for 30 cents Well, it's a good bounce Yeah, wider is even worse So what I did is I sold the 75 call fly And the 70 foot fly so far As it's just been kind of chopping around here Sold one for a buck, one for a buck, 20 Well, naughty dog, I know you have a sensitive palette So be careful Just be careful Crazy crazy bone broth world out there So you're eating liquid? Is that what it is? Bone broth? Yep, just chewing on it But what do you mean chewing? I thought it was liquid Yeah, it's bone it's just bone broth just sipping it Heat it up on the stove top and sip it Can you microwave it? I prefer not to Takes the nutrients out, Chad You didn't know that? You know, I turn into one of those environmentalists Stuff, are you? I just like to put healthy stuff in my body, Chad Okay, okay Hang on It looks like it wants to flush here I knew power hour might be a little dicey Yeah, it's gonna stop me out of my power hour trade And Vicks was just getting annihilated until just a few minutes ago Yeah, let's hang on, I'm hanging on Usually when it starts to go like this it goes And look at that, look at that range on the daily chart It's just like a little speck It needs to remain a speck It at least needs to have the decency to fill me at 40% before it goes any further down I didn't order at 95 cents to close my last Challenge portfolio reentry to trade in at $1.55 A little bounce would get it My remaining positions in this account need a bounce as well Back up to 75 preferably Just a little bounce, little bounce All right, I gotta think about When I'm gonna get out of this 5.7 for my back test Should be getting out at 15 minutes until the bell Really just need a bounce Not looking good About 80 cents away from being stopped In play would be the 70 straddle for number two If anybody is brave 70 straddle looks real tempting It's hanging around the 70 now Doesn't look like it wants to bounce See, did we have any movers in stocks today? Jumia up 6% VBAI There's small stocks beyond meetup 6 Robinhood up 5 Square up 5 Bidu up 3 SMCI up 2 Dollar tree down 14% after earnings Tesla down 4 Oh, hi Tesla Yeah, you've been strong lately I was trying for the 70 straddle but could not get filled Cancel it, darn it Some good theta cages happened And this day could turn into a great day So I could get a bounce and make this power hour a winner Russell and the Dow are green ES and Nasdaq red Silver up 3% Oil up 3% And a gas down 3% Bitcoin Another new all-time high today Really? 74,365% And part of an investment club And I suggested we buy Bitcoin back when it was I can't remember what we got it for I think it was under a thousand bucks Anyway, we still have three Three bitcoins and My thing was I was like, we're not selling this until it hits 100,000 What year was that? Gosh, I don't know Then was it five years ago? Maybe it was down to a thousand bucks five years ago That's that can't be right Had it been longer than that again No Yeah, I bought it I bought it for the first time at a hundred bucks Oh, really? Yeah Yeah And not very much of it But that's when I first started buying it I think I've told you guys this But a buddy of mine who lives Who now lives in Puerto Rico He started buying it at 10 bucks He's the one that kind of started talking to me about it Wow He cashed out for multi-multi-millions and millions Moved his family to Puerto Rico So he didn't have to pay tax All right, here we go Getting a little bounce, boys And girls Yes It's what I need That is what I need I cashed out a bunch when I bought my The my current house and property that I live at About five years ago But I've still got a few with the investment club And then I've got I don't know how much not not very much Maybe a couple In my own personal account Yeah, my brother's got some His bounce is just what the doctor ordered I'm still a buck away from 40% Got the 75-85 strike and the 75-80 So I need above 75 Man, that 51-70 straddle would probably pay that by now So all my challenge portfolio trades are closed Booked a little under 7300 in that account today No losers, that's nice Nice And the VIX was down pre-market And then it popped up just enough to trigger those to qualify So that's good I thought it was going to be a Rick day Boy, that would have been a disaster Would have missed out on all this short premium And lost on Rick 70 straddle would have been juicy Just couldn't have tried twice to get filled And gave up 40 minutes to go And yet the money fly trading for about a buck $55, $60 Uh, no, I'm going to pass on the 25 I don't I've only traded that a few times I'm not really that big of a fan of it That's not 100% This mine's not Especially if you go back to Before 2023 Check out the 2022 performance I mean, you're welcome to trade it, Maro Don't let me persuade you It's just the main thing I don't like about it is I mean, look at the Mar and the Let me bring it down here Look at the Mar And they capture it I mean, they're so low You know, it's just It's You gotta And you gotta do a boatload of contracts to make You know, to really do anything You know, this is This back to us has Is a 50 contracts per trade It's averaging 35 bucks a lot So just Just not my thing Come on, need that bounce You know, 5170 straddle Yeah, it's hugging that Hugging the 70s right now Mm-hmm I really liked it when I looked at it Price kind of jumping all over the place For there being 35 minutes left Madam Butterfly might have been a good decision to Just get out of your Power hour and not lose any profits There we go Back up you go Had a really good conversation today On for a podcast interview With a guy named Mark Anderson Who all may have seen him strolling around the community His profile is just Mark Anderson A really good conversation So that'll be coming out It's a good one You guys will like it I'll get filled at two bucks, LaSosa And then I will I'll add more If I can get more than two bucks Leading up to MOC Wow I bet there's gonna be some slippage on that one Holy moly There it is boys and girls There's your action for the day We've been waiting for it Look at that Got the downside expected move Oh boy, yeah, I took some slippage On those last I mean there are small positions But getting some value out of my lawn puts now Financial juice isn't saying anything Those two butterflies that Solder gonna be nice and good shape All right, let's see Now my 5.7 is not in good shape though I'm just gonna go ahead and close it Ooh, big bounce too Now my NDX is still in range with that bounce back Big bounce What in the world just happened So I had gotten these two butterflies on In my trader account 60-some for now Probably not very much Just had to come in and ruin our my homes Yeah, at the money fly is only trading for Maybe a dollar now Back down Madam butterfly, did you get any early flies on Or are you waiting So below 51.60 and the 60 flies trading for I don't know It's all over the place Maybe a dollar No, Eli, if TikTok got banned Market would have been down 20% Where'd Chad go? Chad, are you here? That volatility pushed Chad off the call So I'm still in zoom You've been silent for a good Ever since the flush Oh I don't know if he said anything No Yeah, so my longs were worth $4 I couldn't get him closed quick enough Like I literally lost like I made five grand And then lost it again with all my longs Oh man I was like trying to get him closed and I couldn't I gotta add something for 45 cents but Yeah, there were some of the $4 Wow That I had Still 25 minutes to go ladies and gents Who's ready for entering another one Who's that for an iron condor straddle? Yeah Which is pretty juicy right now $3, $5 wide Yeah, $5 wide, let's go I mean it is juicy We didn't know what happened to you We thought that candle smoked you out Nah, sometimes that Sometimes my Bluetooth just disconnects And I don't know what happens in the mornings Well, that's a bummer So how'd you end the day? Uh, so I've still got some longs on So I'm not done But I'm gonna be over four grand My power hour ended up being a 100 minus 100 bucks scratch trade But that four grand could have been Or that If I could have Yeah, that would have been a nice little bonus Yeah I looked at Yeah, I looked at my P&L and it said like Um, $9,500 on that flush down So I was like scrambling to try to Close Longs Bouncing too quick on you Yep Yeah, WMK, it's uh, it's in the courses So if you go to the Z0DTE resources channel And you click on that Uh, navigationtrading.com slash dashboard That'll redirect you to the course platform Which is called WOP And all the courses are in there No, they're not worth anything I got filled for some at 40 cents When they were, they were at four bucks Russell and Dow are still green Or bounced back to green Yeah, it may not, it may not do much The rest of the time, honestly I need to stay below 65 To pin my short butterflies So if it goes down to 60 I could possibly get filled for a dollar on a Call spread and have this left I think I'll do that I'm gonna put in the call spread order for a buck See if it'll come down to 60 Just a little dip down to 60 And then you can pop back up All right See what if I buy good spread I feel like it wants to rebound No, I don't want to rebound No, we don't I wonder what caused that big drop And then just a fat finger algo Something, I don't know You know what, I had a feeling Something like that would happen Just because it hadn't moved much all day At the money 65 fly Yeah, it's only trading for a dollar 20 Nice MRP I don't have the M1 discount But I haven't had any issues on Mac The Intel version Now what a silly bounce Silly drop and silly bounce What do you need it to come down to? I don't need to stay below 65 I need to come down to 60 to To fill my order I still got 15 minutes Yeah When it stays below 67 I'll be profitable So just This isn't the This isn't the Mahomes Strategy that we talked about in the class But basically what I did is When price was trading around 75 Back in this area Kind of right after one o'clock I sold a butterfly for a dollar And then when it came down to 70 I sold another one at the 70s Mid-strike for a buck 20 So I've got a total credit of 220 And so now If price will come down to 60 I should be able to get filled for a dollar on my In this vertical spread Which would create this Trade that doesn't have any risk And I've got a couple You know 65 pin would be nice But it would lock in a profit of 600 But I need it down to 60 Not up That kind of looks like it just wants to Get back to where it was before the drop But It sure looked like it was going to all-time highs When it was just kind of grinding higher Not today Well my Challenge portfolio up 72 Almost 7,300 My Other account Down about 500 Calendars I closed out the Remaining 5.7 But I booked a nice profit on 3 of the 5 yesterday So My 1-2 was up almost 10% Now it's back down to even I'll just hold that Till tomorrow Actually I got 15 lots through PPI Yeah, it's fine Yeah, sometimes it's best just to stick to the plan Isn't it white tiger? Well, since we were all basically out of stuff Switching that little continuation With that downside would just continued Yeah Such luck Vixx spiked up to about 14.05 Back to 13 Yeah, if you were able to give it one more move down I mean it really only gave one That would have really allowed us to close You know, close in those longs It's a little flash crash Oh yeah, we still got NDX You can probably still go up to highs a day 10 minutes Don't put it past getting to all-time highs today Yeah Yeah 10 minutes to go Oh it should be here F-M-O-C here 75 million sell side My audio did not tell me So pretty, pretty small Need under 65 Thought it was golden on this thing About 15 minutes ago There you go There you go Come on down There you go Come down to 60 X getting a little A little poppy 63 62 Veggie broth I have had the Pacific Foods beef bone broth It's pretty good Yeah, no bones I need bones in mine Six minutes to go 4,580 This is my final number Nice Up to just under 17,000 for the month All right, let's go A few more points lower Got five minutes That down to about Two bucks on the vertical Need a push One more push Then you can bounce back up I've got an iron condor that's On my second count That's dead center right now Is that your brother's account? Are you still doing that? Or is that yours? Yeah, yeah It's my brother's that I had I had the 60-65s For his power hour And don't come back up No Stay down Just not going to make this easy, are you? Yeah, I'm actually up 6,500 in his account More than mine Today How much is his up for the month? Like 25k Better than mine He's got to be happy with that Yeah, easiest money you ever made All right, I got a stable of 67 Back up to my break even What are you doing? Come down, come down, come down PPI pre-market tomorrow? Get back down there You need below 65 too? Yeah Well, it'll be dead, it'll be a max Well, I only have three contracts and 10 left So If it hits 65, that's right where my short strike is Oh, it's straddle No, it's actually the 60-65 So it can finish anywhere Yeah, below 65 Yeah, anywhere below 65 is good for me A little over a minute What I don't need is a Rally up to 70 That would put me right in the valley 30 seconds, come on Get down Get down there, get down there There you go, keep going Keep going Hold, hold And there's the bell 65.33 All right, so I ended up making a little less than a thousand bucks Right at 9.28 Almost 7K All right, you got some stones on you for jumping in there with an iron condor after that move Nice work Let's see, tomorrow is Thursday So tomorrow is Thursday, the 14th Chattel, we stream live in the morning for Mighty 90 and Runners And then we will be back for Power Hour All right, I'll take care, have a good night Cheers Peace