 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, 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 What's up everyone, happy Monday, November 6th Welcome to Power Hour Live Good day so far for Zero DTE Looking at my remaining quiet lunch here Closed half, looking for the remaining To close out at 80% I ended up taking my early version Because it set up to 10.50 AM A little bit wider stop and smaller size But doing well Also had a AM ratio, hit profit target Right at that 70 minute mark as you all know And a DKS, hit both profit targets So every profit target so far hit So don't screw it up Power Hour So we will be, we're with, as I think A lot of you saw, I kind of did an update To my Power Hour Hosted that in the trade plans channel So I'll be doing one to one for Trunch One and two and then two to one for Trunch Three Today kind of falls in that normal day Not up too much, not down too much I don't think there's any issues that I know with Discord I think it might be a Krish issue A Krishu, that was it, okay I did not, I noticed I responded in the Zero DTE channel And my text was red, I thought that was odd But other than that I hadn't noticed any issues Price pushing up, off the bottom Stayed within our expected move to the up and the downside Getting a low premium straddle it looks like I posted in the trade plans this morning A little update to my Power Hour Wednesday was FOMC last week So only two Power Hours in, Thursday and Friday So I figured instead of waiting I went ahead and did some updates Alright, so I need to buy some Longs for Trunch One So if you hold here it looks like it'll be the 60 straddle Vicks hovering above 15 Stocks a little bit mixed P and Nasdaq slightly green Russell's down over 1.3% Dow flat Gold and silver slightly lower Notes and bonds lower Ten-year yield back above 4.65 Alright, 43.60 Straddle Gonna get filled at 6.50 Filled at 6.50 on the 60s 6.50 on the 60s Yeah, I hear you there, Maro Very light on positions Across the board In at 6.40, 6.45 Let's see, so I got in at 6.50 So 3.90 is what I'm looking for to reduce my stop on Trunch One My remaining quiet lunch I'm trying to get out at 3.30 It's currently trading at about 3.90, 3.80 The tight range today Let's see, the official high of day was 43.72.21 Low of day, 43.47.53 Expected move to start the day was about 21.5, I think Right around 21 Yeah, you know, when I was looking at the normal day for Trunch Three And, you know, it performs really well on the down day Performs really well on the up day And I just siloed it out to look at the normal day Like when I was doing one-to-one, I couldn't get anything to look really solid And so I started playing around with the ratios and ended up And it kind of makes sense, you know, if price is just kind of chopping around Not too up, not too down, you know, anecdotally at least I feel like, you know, a lot of times it'll kind of push a little bit higher towards the end of the day Which, you know, whether that's, I mean, the back test shows that that is, I guess the case So, yeah, I ended up going with the two-to-one on Trunch Three on a normal day You also notice my kind of my stop risk I'm taking, I'm getting, I'm doing larger positions Or more exposure, taking a little bit more risk on up days and down days about the same And then on normal days reduced my risk Got a, looking at some other positions, got a TGIF I'm hanging out on the upper end of the range I looked at a couple different adjustment options on this one Decided I'm just going to hold for now Got a couple of time flies that definitely need a down move Got the November 24 one It's a little right of center, could use a little down action And then the November 17 could really use some downside action I was trying to get, I know a couple of you guys got out of your SPX duck right at the close last week I was trying to get filled at five bucks today earlier, it didn't get filled Let me, I'm going to go ahead and put in an order in again I'd have to look, Krish, I don't have it all memorized yet But whatever the back test says Got a reverse hedgehog in gold, it's doing good Got an ES hedgehog that was up pretty decent with this up move It's kind of come back to still up a little bit, but not as much as it was I did throw on a one two and a one three DTE double calendar Those are both up a little bit The four seven from Fridays up nicely And the five seven is up a little bit Four seven and five seven will both come off tomorrow Well, all yeah, all four of them One two one three and four seven will all come off in the morning tomorrow And then the five seven will come off near end of day tomorrow I did take my first Dick K. Apple calendar today I've had it on my trade plan and a couple times I forgot to take it And other times I just decided not to But like last week they had earnings so I just decided to pass Before I took it on my first one Hit 80% on my quiet lunch out of that nice So just took my first little Apple double calendar Dick K style Bumblebee the TGIF we put on with eight and eleven days when we first got in That's this one here the TGIF, no 10, no 13 So that would currently be four and seven DTE's left Ten minutes until tronche two Apple I got in at let's see 95 cents I split it between the 80s and 177 halves Yeah, the FOMC members they're back on the circuit Other scheduled events this week So there's a there's an FOMC member that spoke this morning There's one that's Kashkari speaks 5 p.m. tonight so after the bell Tomorrow morning a couple before the bell One starts speaking 15 minutes before the bell Waller starts speaking 30 minutes after the bell Logan at 12 25 central On Wednesday Cook speaking early morning so it must be overseas Powell starts speaking 15 minutes before the bell on Wednesday Then a couple in the afternoon Thursday Powell speaks at 1 p.m. central And Friday Early morning Logan speaks again so yeah there They are certainly making their circuit again I'll definitely still trade tomorrow Wednesday and Thursday So he pal starts speaking right before the bell So I don't know I'm not sure I would I'll take a trade On Wednesday a.m. or not I want to see what I'll see what the options are doing That morning Bitcoin staying above 35,000 Oil hovering around $81 barrel Let's just have VIX stay above 15 please That would be my preference A little decay coming in tronche one so far It's down to 530 my stop reduction doesn't happen until 390 Looks like we could get a repeat on the 60s of price holds here Alright let me go ahead and buy some longs for tronche two Give it a couple minutes Trading naked is Elliot still hanging out at your place or do you kick him out and send him back across the pond Picked out good He overstayed his welcome Still hanging around 61 so it looks like we might stick with the 60s Give it another minute or two Two minutes Tick tick tick tick tick Another minute Make sure I got my template set up while I'm sitting here waiting I think I do Tronche two straddle 13 PX pushing up a little bit Looks like it might be the 65s Going to 65s for tronche two I need to fill it 485 Fill it 490 on the 65 straddle Yeah if you're still not in it's closer to the 60s Price kind of popped up and then pulled back The trade plan updates are in the trade plan channel You can always catch the replay of any of our live streams It's posted in the live stream channel I don't want to say it out loud because this may be posted publicly But you can check in the live stream channel Ooh interesting Ryan P So this is the percent profit target and the percent To hit this level of profit target That's the percentage of trades to hit that profit target Now that wouldn't be right Oh so this is all str- is that all straddles you're saying? Yeah hang on a second I think I muted everyone but Hey um yeah so what I was saying Chris asked me to run this and I did real fast What it's saying is if it's a straddle According to option omega The percentage of max profit which is a Which is a column that's exportable from the trade blog Where the width equals zero So that top all those columns on the top those are the strike width So that second column That second column which is zero is the straddle And it can and you see here that the most That it ever got in its back test was up to 70% I see A premium collected I see so it Okay I gotcha Yeah Very cool Yeah that's it So Ryan just to clarify so then the percent hit So I've been looking at the straddle column so if I said okay 30% of the time it hits 30% Is that right 30% of the time it hits 31% profit target Oh sorry was I still on mute Yeah go ahead Yeah so what I was gonna say is that You're interpreting that correctly that 31% of the time we're hitting 30% Profit target or more But I think the most important thing to notice is Down at that 70% level which is That's when it hits 100% and that tells you that there are No cases in option omega that really go beyond that So that's kind of like your max profit potential And rounded to the nearest five so you know it's possible That could be like 72.5 but you know it's just because the show It's pretty close to 70% I gotcha Every premium Very nice Appreciate that Yeah sure Alright so Trunch 2 got in at 490 So my stop reduction is at 295 Mike and Houston I'm still paper trading the strategy Have trouble getting the wings to fill I wonder why I tried to replicate what you did on Trunch 2 Any idea what you see here Are you saying buying the wings So if you're buying the strangle you typically got to put it up to You know if you're buying the 5 cent wings you would get filled at 10 cents If it's if you're choosing the 05 bid So I'm not sure what Sometimes you got to be careful because it'll kind of flip between 5 and 10 cents And maybe that's why you weren't getting filled I'm not quite sure So I'm going to buy some longs for Trunch 3 So this will be a 12 by 6 So let me just do 6 of them at a time as if it was 1 to 1 So I'm going to buy the 43.85 calls and the 43.20 puts I'll do 6 of those and so it's Yeah I see that just flipped to 10 cents so I got to go to 43.90 But you should be able to get filled at 10 cents on the 43.90s And the 43.20s Yeah I got filled at 10 cents No I need to buy 6 more puts here Because I'm doing a 2 by 1 Looking like the 60s again 60s are hot today 60s coming in hot Make sure I got my correct template set up 3 straddle 12 by 6 Race trading just under 43.60 Trunch 1 Yeah I need to reduce my stop on Trunch 1 thanks Lando I'm going to get filled on Trunch 3 first So 43.60s for Trunch 3 Wow those premiums dropped Filled at 5.35 on my 2 to 1 Alright so Trunch 1 Got down to 3.90 Change that to 6.90 Stop reduced on Trunch 1 For Trunch 2 I'm looking for 2.95 Currently trading at 5.20 Yep let's keep that magnet on 43.60 Or slightly higher Yep Kelvin I updated my power hour trade plan this morning If you haven't seen it Yeah Trunch 3 is 6 plus 6 Alright I'll load it up 43.54 I don't like that bet Anil I don't like that number It's not a good number Yep you got it Lesoza Yeah Tevis I don't think you can avoid that The only thing would be to have a Separate bot set up As a straddle and then Enable that one Prior to power hour And we'll dip and pop back up Trunch 2 is on the 65 I have to come up for that stop to get reduced A little over 30 minutes till the bell All straddles today so I'll be closing out before the bell This little choppage between 60 and 65 would be fine End the day up closer to 60 Down closer to 60 I should say Would be ideal Finally got my new ride today Got delivered Man this dealership was Talk about the reputation of car dealers Being scammy Shady These guys lived up to it No doubt about that It's like fighting them every step of the way Yeah I'll have to grab some picks It's white Straight white Yeah I gotta send in the form For my personalized plates I haven't done that yet Yeah I did I found a It's a 2021 but it only had 26 miles on it So I was able to get like 20k off of what it would have been Brand new in 2021 but it's Basically brand new Plus the model hasn't changed at all It's a plug-in hybrid so The range on the batteries like 35 or 40 miles So you charge it at night 4 and then it's all battery Like going back and forth to the office every day Won't be using any gas so that'd be cool I checked all that out I am green it's all for the economy Excuse me it's all for the environment Rides nice though Rides like a cloud You guys saw somebody post it But on the old financial juice The early indication market on close 618 million buy side It's pushing a little below 4,360 So is this a little pause Before another leg up here Or is this this up move stalling out What do you guys think? I'm not talking about for power hour just for More looking at the daily chart Chris always thinks we're crashing So we're definitely going up I'm with you I think we're I think we're Gonna keep rocking higher into the end of the year Little minor pullbacks Although you technical analysts We got to fill those gaps don't we We got two big gaps we got to fill Below Down to 42, 41-ish Yeah the old time flies could use a little pullback Getting new positions on could use a little pullback No fill on my duck at 5 Let's try 505 And filled A little over 20 minutes to go Trunch one down to 325 Trunch two trading at 530 Trunch three trading at 490 Second early indication Same 618 million buy side Yes sir I'm two to one on trunch three Vicks creeping back down Just above 15 Vicks 9D got a little pop today of 9% We got VXX all the way down to about 20 and a half Russell this decent little pullback today Well Vicks is Vicks is green from Friday's close Because it's Monday and they just you know they pump it up If you look at Vicks futures Vicks futures are down 2.5% today Now he gas down 7% today Soybeans been on a little push higher Ethereum up above 1900 SPX dipped and bouncing a little bit Back up to 60 15 minutes till the bell Trunch two at 550 it's got to get down to 295 For me to reduce my stop that's on the 65 strike So it would need to push higher for that to happen Trunch two stops at 790 That spreads currently trading at 660 That would be the first in danger if we push lower Third indication for market on close and balance 55 million sell side so it flipped Flipped to the sell side Pop back up towards 43.60 Kashkari speaks at 5pm So hour and a half after the bell Due to participate in an interview conducted by Fox News Coming up on the 10 minutes till the bell See what the final market on close and balance is going to be Pop above 60 1.3 million buy side Started off in the buy side flipped to the sell for the early indication And then the final came in at 1.3 billion buy Trunch two trading at 550 Trunch one trading down to 250 Trunch three trading to 320 There's a little pop up to 61 Alright calm down just to hang out right here 60 to 61 is good Lower seven minutes Trunch one I'm going to put it two bucks Trunch three I'm going to put it 250 There goes VIX heading towards 15 Trunch one getting close down to 220 210 Trying to get out of Trunch one at 230 Build at 230 on Trunch one Getting a little push Trunch three at at 325 Trunch two which is on the 65 strike Out at 285 All out All winners All zero DTE we're winners today my friends How about that For a Monday Start your week So Trunch one in at 650 Out at 230 Trunch two in at 490 Out at 285 Trunch three in at 535 Out at 325 Monday fun day S&P pushing Could have got better prices on a Trunch three at the 65s Waiting but I'm good with being out Not trying to pin a straddle All straddles all winners Love it Alright So as far as the live stream tomorrow Tomorrow is the Tomorrow the seventh Tomorrow's election day my friends Don't forget to vote Chad will be streaming in the morning And we'll be back for power hour Alright all Take care Have a good night Talk to you soon