 It's the 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 Hey, hey, let's 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 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, December 18th Hope everyone's having a good day SPX has just been kind of floating and grinding higher all day long It's a little bit above the expected move Poked his head into update territory Quickly reverted back down Trading just above 47, 46 So the 45 straddles about 580, 590 So that's a little low for myself So I'm going to go ahead and pass on trading Power Hour today At least Tronche won Tronche 2 gets into update territory And looking at the premiums, I may consider it If I can get a straddle Close to the price, but I'm going to pass on Tronche 1 As far as my other trades today, let's see So closed trades, closed one of my re-entries at 50% Closed another one at a little over 60% Quiet lunch hit 50% My AM ratio has gotten close It's gotten into 40 some percent profit Didn't quite get to 50 It's currently at 16 and a half Needs a little down move Got another re-entry that's at 40% That'll come off at 50 Got another re-entry that's at 13 And I need to trail my stop on that one So that's what I've done today in Zero DTE land S&P up 30, NASDAQ up 150 Russell is slightly green So is the Dow Gold up a little bit Silver down a little bit Notes and bonds red Ten-year yield up about a half percent Oil up one and a half percent Natty gas up one percent Soybeans up one percent Wheat down almost two Corn down almost or a little over one Euro slightly green Pound slightly red Bitcoin down a little over one percent VIX at 12.4 Oh excuse me Yeah, 12.46 Up one and a half percent And SPX 47.47 Sharky shark Yeah, I'm just letting the shark ride I was looking at adding like a long put vertical To take care of that Sag down there But I haven't done anything yet So I'm just gonna I'm just holding for now AM ratio needs a down move Did anybody hit profit target on their AM ratio? Mine got close Close at 40 I mean it doesn't need much of a down move now They hit profit target Down to about 43 So about four points lower Should get that Should hit it We've just been chopping sideways Above the expected move line here Since about 11 AM central At a six month bill option At 10.30 Doesn't look like that did much Yeah, Elliot on mine I've got I've got Basically I've got two different reentry bots and so Because I'm doing like half positions on each one But so one of them doesn't have a profit target And the other one is at 50% So like my one that's at 40% It's got a 50% profit target So I'll let that one hit This one has no profit target So I would let that one ride Yeah, I'm just not trading trunch one If it's under six bucks Cody You can you can back test it It's more of a risk versus reward decision And yeah, I mean it certainly doesn't back test As well as normal power hour But just not interested in that kind of risk reward Using my stops here Did do a little futures trading today I am still currently short the Russell And I am short silver So silver I got out of a portion of mine at the Close to the bottom and then it it bounced So I'm still short Close preclose that one pretty soon And then Also short Russell And a little bit on that one And then I booked a little over 1900 on soybeans So that was a nice trade I'm going to be doing a Let's see let's look at this now I'm going to be doing some calendars here Looking at a two three one four two four Definitely going to do a one four I think I'll do a one four and a two four Skip the two three And I'll do those at 230 So here in about 30 minutes Oh something hit Must have been my One of my re-entries hit 50% Yep Come on down AM ratio land A couple more points That would make for a good Monday my friends We can get this AM ratio hit I don't yet Cody I'm I've actually recorded some videos And I've started just kind of Put my thoughts on how I'm doing it together So that's going to be coming soon But I don't it's not I don't have anything yet for you I'll just give you an idea of kind of what I did today So well let's start with The daily so looking at soybeans I always always just scan the daily charts To start the day So when I was looking at soybeans You can see it's all just Price action I'm not using any indicators Or anything like that And so what I'm doing is You know you see a few days ago Soybeans came down And bounced And then it came down again bounced Came down again bounced And so when price came down here today When I got in I it started to bounce again And so I'm just I'm just looking at that as You know this this thing Looks like it's putting on a bottom You get a lot of a lot of wiki candles And so when it I got in pretty close To the open let's see I got in it Yeah 835 so about five minutes after the open And got long and then I just I have my Stop basically below the low of day Because if it if it goes back down there My thesis is wrong and so I'm just I'm out And so So that's what I did on soybeans So you can see I got in here Actually it so it pulled back Pretty decent amount I was taking some heat I kind of chopped around then it pushed back up And so I entered more And then Pushed up I got out of some pulled back I got in some more And then just kind of Then got out of some here And then just let the rest ride till the close of day So that's what I did on the beans Russell Russell was a it's been the weakest Of the bunch all day and You know it looked like it kind of pushed up to Yesterday's open or Friday's open And then started to come down So I was looking for a little bit of a continuation lower And it's just been kind of chopping So one's still a little bit red and then silver Same thing it looked like it kind of pushed up Retraced the previous bar a little bit And was coming down for a continuation lower So I got short silver and it's And I got out of a piece of it And then Then it kind of bounced back up And it's just been a pretty narrow day So not much movement on silver there But that's that's just kind of what I'm looking at Is just just price action Getting a thesis of what I think might happen On the daily chart and then I'm narrowing Getting getting on the five minute chart And either just getting in or finding a Price level to get in it My zero DTE plan for January I don't yeah I mean I've I've I've done some I don't I don't see a lot of changes coming Obviously I'm just gonna kind of power As far as power hour goes I'm gonna kind of do the same thing Take it on a day to day basis But I don't really have any Major tweaks that I'll be doing Winning trader I am not in trunch one no I will evaluate potentially trunch two or three I definitely trade trunch two if we Got into update territory but Not quite there Someone's on the zoom chat A shumburo Give me a favor post in the uh oh yeah Ken thank you Yeah, so to answer your question A shumburo Hopefully just kind of heard what I Why what I went over but this My watch list here that you see on my chart That's what I kind of that's what I view Those are the futures that I look at So winning trader so for trunch two It's you know we're looking for three on each side so You know if it's I don't really have a Definite amount that I won't do I probably I probably won't do anything here If we don't get into up update territory If we were in update territory But premiums were going to be low like they are I was going to potentially just sell some puts but Might just pass today my friends might just pass Might just do the old sit-on-hands trade But my other trades work all we need is 47 42 That's all I need anyway Let's get out of my am ratio Just a little just come back down and test the old uh Expected move area that's all I need Yeah my re-entry is a 45 straddle This one here I'm ratio at 35 percent Come on down price is right Come on down to 42 I still have an order to get out of my six seven for 20 percent at 470 It has not hit yet Like it's currently trading around 450 A little down move might get that one hit as well Bitcoin still hanging above 40,000 10 year yield at 3.95 Would be a couple minutes till tranche two here I mean you're getting almost five bucks For a straddle it looks like right now Cody check the uh check my trade plan when you look at the update Versus normal day versus down day back test It'll show you the uh the criteria of what What that is it's Fits up over half percent that would be considered an update And spx is currently at 0.41 percent and that's from the open not from the previous state close This px hit a high of 47 49.52 for the day and for the year Yeah, so i'm just gonna pass on tranche two I did anything I would do like a two to one puts to calls Little bullish little bullish skew Trunch three is five wide i'll do it i'll do a tranche three That's px just does not want to give me my am ratio does it Just does not want to quite give it to me My am or my one of my re-entries here is fairly centered On the docket for the week on economic news nothing tomorrow You got building permits pre-market, but Most likely won't be any impact Wednesday 30 minutes after the market opens consumer confidence Thursday pre-market final gdp and unemployment friday pre-market core pce price index and then 30 minutes after the market revised university of michigan consumer sentiment i'm going to add a one four and a two four double calendar here In about five minutes or so 47 65 and 47 25 okay Oh, I forgot I had uh, I forgot to mention at the start. I do have a my discretionary rick is still on And it's in the valley up to 52 to get out of the valley on that one I did not catch the option omega award deal. I I got to check out the recording I submitted a couple Monday a.m. Ratio and something else that I don't even remember now six seven. I think spx going up to 47 47 Trunch three would be in a couple minutes might get a five wide Getting close to update territory So i'm going to do a tiny Tiny trade for trunch three My am ratio is still in the green, but just barely There's trunch three So I did a two to one 45 puts 50 calls filled at 305 Just a little one lot uh, that looks like Not a put spread crish. That's a portfolio of different trades in that link A bunch of them. That's a whole portfolio Oh, those were all the ones Discussed How'd you trade it wuga? I didn't trade it. Yeah, I mean you you mentioned that it I mean you you shift that any any direction one or two minutes It didn't perform nearly as well. So I may uh, I may try it out, but I've I've just got on mondays. I've got many other things going so didn't Didn't use it I don't have anything going on and Fits I'll trade it All right, so my one four happened there 47 65 47 25 1.5 billion buy side Posted my one four Just posted my two four Yeah, I look I did a little one lot for trunch three Am ratio still hanging in there Still needs a down move Just need down to about 43 just a three point down move. That's it That is it For trunch three. I did the 47 uh 45 puts 50 calls two to one Yeah, we'll go that was uh I was with you on your analysis doing the uh previous previous day increase or decrease on the spreads and then Kind of right about the same time you posted too. I was like Wow vix actually does It actually acts as a better filter Surprisingly Yep, that's right kelvin 25 minutes to go Uh elliot on that re-entry just fyi. I I forgot it's a straddle So I'm gonna I'm gonna go ahead and take that one off at 50 percent instead of letting it ride If it was a strangle I might consider Is your the straddle mine's on the 45 straddle Mine's at about 43 percent I got a 2 19 p.m. I got filled at 15 70. I'm uh, it's a three two. I'm not sure if yours is or not What time did you get in? Am ratio back up to 35 and a half percent Come on down Okay, so you're about Is it you're about 30 minutes ahead of me aim ratio at 40 percent? I've been here before today I've been here a few times today. Can we get to 50? Let's try and let's try and it's best 45 percent 47 Let's try and One more little push lower should hit it. This is about where I was. I was at about 46 percent last monday And then it ran away Tickle off there it is 50 percent on the a.m. Ratio that feels good A little trunch three doesn't like this little down move Still at 1.5 billion buy side on the market on close I'll be back in two minutes ASP exit 47 44 Now I could use a little bounce My trunch three is trading at 5 35 stops at nine on five About 16 minutes till the bell Right's coming back down towards the Upper expected move line for the day Final market on close and balance number will come out in five minutes. I'll probably close my reentry Trade before that a little 1.5 on the early indication Get a bounce back up to 45. I'll close my my reentry here And then the only other thing I have on is the little one lot trunch three About e allison. I did not trade trunch one or two today premiums Or under six bucks for trunch one Trunch two you could have got a low premium straddle That looks like my six sevens not going to hit that 20 percent today Had my order sitting there all day at 470 No fed speakers this week. I guess we all got tired of talking Yeah, market on close in a minute. I'm going to close my last reentry here Just hoping we get a little bounce up to 45 not quite there and got out at 9 30 We're about 40 profit Well, there there he goes. Now it's starting to bounce So the only thing I have left here is my trunch three, which is slightly red, but could use a bounce 100 million to the sell side Oh 800 million sell side So it flipped from 1.5 billion buy to 800 million sell Where's coming down a little bit? So I need above 45 for a pin Between 45 and 50 back above 44 So it looks like all three tranches would be doing just fine so far Anybody trade all three tranches? Dick K of course Vic still hanging around 12.49 There we go back above 45 If I get if I pin my trunch three, it's for a whole $320 Let's go Yep, agreed. There's $300 laying there. Might as well pick it up Five minutes till the bell Can we make it happen trunch three? Down to 43s. I'm gonna a little bounce here in the last couple minutes Nice Michael Todd All winners am iron condor p2h trunch one two three and four Very nice down to 42 got no bid here On my calls Down to 41. All right. I'm at 780 all right, so am ratio made a little over 5100 We got a reentry for about 915 another reentry for a little over 1100 quiet lunch for 2500 Another reentry for 805 another reentry for 640 and then my trunch three and it'd be in minus 475 for a grand total on all my bots trades of 10,769 and 99 cents Gotta love mondays Oh rick. Yeah, that's not a bot trade, but yeah rick is probably Right the valley We're gonna take that away I forgot about rick Yeah, that'll be minus 5900 Unless we tank Crash crash crash At least at least get down so it's not a max loss one minute to go a little five-point drop That'd help 47 40 When rickland price pushed above because I I took the discretionary rick right here When we pushed up to the expected move So I was thinking well if we explode higher It's fine or if we bounce off of it That's fine And we just kind of chopped around I almost closed it for a scratch here and I just kept it so unfortunately No bueno on rick, but everything else good Nice dick hey All right, my friends, uh, we'll be back tomorrow. So as far as live stream goes Tomorrow is december 19th. So yeah chat. We'll be streaming in the morning And then we'll be back for power hour. All right, all have a good night. Talk to you soon