 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 Let's go, 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, come on trade hackers Get ready to go, zero day options Time to make bank, get locked and loaded Then be ready to plank Hey everyone, welcome to Power Hour Live Monday, April 15th The bloody streets continue ES down 60, NASDAQ down 290 Russell down 32, Dow down 262 Gold and silver both green Notes and bonds red Ten year yield up almost 3% Oil close to unchanged Natural gas down 4%, grains all red Euro in the pound a little bit red Bitcoin down 5% VIX above 19, up 10% Started the day down about 5% So that's about a 15% reversal in the VIX today My down day Power Hour doesn't qualify Because we're down more than 1.2% from the open Currently down 1.68% So the only thing that I've got is the WUGA And then that Quad 40 1DTE Test trade that I'm doing With a couple lots on that one As for today Bring my trade steward down No challenge portfolio trades I did take a discretionary 1DTE That got stopped out My 9.45 AM ratio hit 35% profit target My NDX trade is down That'll probably be a loser My 1DTE hedge is up These are the two that I just put on the WUGA And the Quad 40 And then outside of my bots I did a couple of price action trades One got stopped One hit 20 and 40% And I'm still holding some long puts So I'm green Price action Small green overall today But that is all I did Let's see, I don't see Chad in the zoom So I'm not sure if he's joining us SPX hitting new lows as we speak VIX not quite back up to highs of day But not far off So my WUGA I got filled at 571 And that's on the 65s and 80s Just went small Four lots on the WUGA Trying to decide when to sell the rest of my long Probably would have done better Selling them about an hour ago When we made this little big flush here But we'll see Still could get a little Still could get another little flush Oh, there's Chad Better late than never Chad Better late than never There you go Yeah, I was watching something on my charts And just Time got past me so Wow, what a day, man How are you holding up? Yeah, so my AM number one was a big winner Thanks to that flush on my I sold my longs for five bucks Nice, what would you buy, Matt? I think 15 cents Sweet There's 10 of them And then I'm in lunchtime number one I got out of 2040 And I'm waiting to get out of 60 But I'm gonna need a little bit more of a bounce here now And then I'm in a power hour And I have not gotten out of Wait, let me see here No, I've not gotten out of 20% of that yet If I can get a little bounce, I would For a normal $4 Tronch one 25 wide Yeah, if we can get some price just to settle down, man You know the You can really see how you can be very profitable Getting these wide short shorts That premium just gets sucked out quick Yeah, this is the first time like I know you guys probably had premium like this With 0DT what, last summer? 2022 for sure Yeah, so this is like the first time for me It's been like this VIX was higher in October of last year And also in March of last year During the whole regional bank issue But then before that But those were pretty short little spikes Before that 2022 was Was really juicy Yeah, you can really book some quick profits I can tell But we got to keep it from flushing here I did do a little When price pushed down below the expected move Which is about the 51-20 level And then bounce back up to it I did a short call spread And then condored it off So I've got a Little guaranteed profit of 125 Or if we happen to bounce above 50-95 I could If we happen to settle between 50-95 And 51-20 Which is a big bounce I could make 2600 on that But just going to hold that Let it expire Yeah, so for my first AM iron condor I booked 20 and 40% Then got stopped But with those shorts My profit was $5,645 Nice So normally with a 40% And then a stop You're looking at 1500 Yeah I had one 20-40% winner And then I had one stop out without anything But I'm still I'm green on that one because I still have 7 longs Which I should have As of now I should have sold them After that big flush But still green Just never know when to sell those things You just want to hold them Because you think there might be a little bit more And then as soon as it bounces Sucks the premium out Alright, so there's 20% on my power hour On that little bounce Beautiful Wuga liked the little bounce Yeah, down day doesn't qualify We're down over 1.2% Trying to figure out what to do with my 1-2 And my 1-3 from this morning They are down My puts are on the 50-90 And 50-85 So if we Don't gap down too big They'll be fine I just want to take that gap risk So I'll decide if I'm going to close those out By end of day All sectors red Real estate Getting hit the hardest Then tech Oil SMH Regional banks Healthcare is Almost unchanged But still a little bit red Do you have a handful of green stocks? Goldman Sachs is up almost 3% Must have had earnings Yeah So Goldman Sachs is up Intel's up Lockheed Martin is up Which makes sense Bank of America, another bank is up On the most red We've got DJT down 17% UPST down 7.5% Coinbase down 7% Peton down 7% Salesforce down 7% Tesla down 5% Tesla approaching new lows New recent lows New lows of the year The rut duck Or the rut hedge Still a lot of A lot of move on the rut hedge left You got to stop looking at tasty Tasty stupid Need Booga to stay above 50-60 Yeah, how wide was the Wooga? 15 wide for me Nice VXX getting a little pop obviously But about as high as it went Friday So that one I put on Friday is right At about break even The other one obviously is down That I put on first Not looking to add or Take away at this point Closed out of ES Hedgehog for a nice profit Still have one in NQ It's in good shape That one's at 11 DTE And then the other ES On the risk graph because it's using Two different expirations on the futures Looks down but it's actually up a couple hundred Yeah, I enter those rut hedges Every Monday, Tuesday, Wednesday, Thursday Yeah, just needed to stay up here Don't go Don't want it to go through lows Rolled down calls on one of my MES Strangles close to rolling down calls On QQQ as well Yeah, SPX heading back Towards lows of day Yeah, didn't want to see that Dick K's back in action Going for the 5100 pin So I had my little pity party on my My discretionary trade gone bad The last week Decided the best way to tame that beast Was to jump right back on the horse So I just dipped in, dipped back in With a little MES Sold some and holding, I've still got two left Only one way to tame the beast Jump back on the horse That's right SPX new lows of day Yeah, I mean I just I just kind of realized I mean that Piece of my trading is Definitely an important part of the overall picture But it's just about Keeping it in check Staying small So QQQ I got in those calls at 202 Alright, just rolled down Calls on the QQQ strangle Wuga hanging out near the break Even to the downside Yeah, definitely a bounce Suresh, my Wuga is at the 65s and 80s are my shorts Don't know if we're going to get one Quanteo That's not mine I'm not sure which back test Oh, you know what, I'm sorry You're right I changed it because I was looking at Doing Wugas On neutral days, up days And I forgot to change it back So I need to change that back Sorry about that Yeah, for me, I just trade Wugas Whenever I have the strikes Available If it's an up day, I'm definitely not trading Because I've got my up day iron condors If it's a down day, I'm doing my down day Today is neither And so Yeah, I forgot to remove that There we go, now it's fixed Hello, 50 59.26 Vix chopping around above 19 Has anyone traded Or played around with that quad 40 test that I posted Last week I think I'll probably add it to my plan next month There it is It's one DTE But it just enters Right before power hour And then it's kind of like a one DTE Wuga, it still comes off at the end of the day But using one day options instead of Zero DTE and a little bit wider than The Wuga With a $3 profit target, $3 stop loss I hit 40% Of my power hour trade I haven't decided on size yet I've just been doing two lots just to test it But I mean it's, you know, like today Obviously we got some juiced IV But today My shorts are 45 wide T-Zero line stays Pretty flat, pretty wide So I don't know I haven't decided, I mean it's a $3 stop So 300 bucks per lot Of risk So yeah, I don't know, I gotta think about that a little more I'm not gonna add it to my challenge portfolio Yet I'm gonna, I'll trade it for a month In my other one and then consider it Yep, capture rate small It's gonna be a $3 winner, $3 loser Or somewhere in between A little choppy choppy above the 50-60 It's hopeful this doesn't have One more push down It's gone down far enough I don't think it needs to push down any further I could do without Without any new lows Until Overnight, I'll take it overnight And there's new lows Shucks Alright, I'm gonna look at selling some of these Longs from my earlier Still would have been way better off selling them After that big flush here At about 1230 But I got stopped on my Stopped on your what? My power art trade Did you already hit 20? I had hit 20 and 40 Oh nice Got six of these Longs left I think I'll go with selling three of them At 450 We can get one more push Luga is outside the range Alright, I guess I'm gonna have to Think of what to do with my 1, 2 and 1, 3 I guess I'll close I don't know if I want to wait anymore Yeah, I could have really held my Longs for a lot more I think we'd get another push down Was I wrong? Alright, so I closed my 1, 3 Hold my 1, 2 here for a little bit longer See if we happen to get a bounce I might exit that as well Little bounce off 52 Back up to 60 Luga back in break even range It's the beauty of the nose stop Luga He's never out He's never out until 256 Chad shot another innocent bird He shot my property this morning Nice big Oh yeah, good huh Did you watch the video? I did, that was nice My backup camera My good cameras in Nebraska Was it stoned with you? Nope You were controlling the camera and shooting at the same time Yeah, it gets a little tough It can be tough doing that I was wondering that when I was watching it Yeah, it's not the best video I didn't get filled on those 3 longs At 450 Didn't quite get there Now they're back at a buck 25 Nice movement kind of jerking around a little bit now Just stay right there So my 4, 6 If we could get a big gap down Over night that one's going to be In pain as well So my 1, 6 and my 1, 2 I'll probably close by the end of the day But see if we get a bounce Vix hit a new high 19.46 So what's the latest here On the Israel deal Are they planning a Retaliation Is that what I'm seeing? I'm not 100% sure I kind of have a loop Israel's military chief of staff There will be a response to Iran's launch Of so many missiles and drones Towards Israeli territory Biden, the US Is committed to Israeli security I was Israel, I wouldn't hold my breath I don't understand the rules of war Like, you have to tell them You're going to attack them now? Yeah, I don't know Things were a lot better when We were feared and nobody attacked anybody We'll chop around 50, 60 My power 2 is Between 55 And 70 Is anybody tranching Wugas today? Tranch to the downside We're probably looking pretty good right now Wuga up about 11% Okay Three dollar Three dollar two trancher Nice Really needed to push that far up Wuga 23% Man, that was 50, 45 longs I was trying to Sell at 450, they got up to about I don't know, 430 Now they're back to 50 cents We'll bounce I guess I'll get rid of half of them Far enough Vicks back below 19 Wuga up 30% Ten year yield back up to 4.622 We need about 20 cents for 20% of power hour 2 What are your strikes on that one? 50, 60 And 50, 45 So anywhere between 70 and 55 I'm hanging around 65 Bitcoin's high was 74 415 back down to 63, 560 There we go Still at 20% Nice This is shaping up to be a big TLC day Can't imagine the magic my homes Is going to qualify now Let's see, at the money flies trading For about Maybe 70 or 80 cents 22 minutes to go Love for it to just sit right there Don't need any rip ups A little over 20 minutes to go 10 minutes till MOC Wuga up 28% Nice My 4.6 If we get a bounce Can book a profit My 4.7 is almost Back to profit 5.7 About it break even as well 6.7 About it break even as well There's a lot of premium left in my Power Hour 2 They're going to hold that to the bell They're going to hold on to that Till the last minute I think it should just let me have it Like right now Give it up This is shaping up to be a big Green day for the TLC I'm talking A 5 figure day Nice Haven't had one of those in a while And there is 40% Sit right there Wuga back down towards the break even Yeah, get back up there There's like 4 grand still in my I'm not quite that much anymore But a lot of premium left Would you take 2 power hour trades Chad? Headed 2 One got 2040 And then stopped Just thinking about doing a little Discretionary pH But just stick with the old Wuga And there's 40% 40% of number 2 I would like to see it stay between 50 60 and 5070 MOC number in less than 5 minutes I am going to Close my 4-6 I don't like the gap risk on that one It's hoping for a little bounce To Scratch a profit But go ahead and just close it What do you need For a profitable Wuga? We could get a bounce 6, 5, 7 point bounce higher It would hit I mean it's profitable right now But to hit profit target Nice Tom Good day So the rest of those long calls After the MOC number In case we get a big cell number In my other account I've got a Iron condor on the skin to Expire almost dead center Wuga 35% now 40 One more little push Nothing too crazy 47 And there it is Wuga hit I'd like for it to stay below 70 695 million cell side So nothing And there's 60% power hour One contract left Let's see if I can let it expire So here's my quad 40 It's up about My profit target is 3 bucks It's up about a buck and a half So about 6% Yeah this is going to be My biggest green day Definitely aided by my AM number one As long as I closed it $5 Yep I didn't get out of my longs in time Well I could have I could have held on to mine They would have been worth even more Like there was another I got out of them One o'clock There was another Pushdown Mine were worth more At $12.30 Than they were at $2.15 Gotcha Get out of my one two Alright only thing I've got left Is My quad 40 That's going to come off here in a couple minutes So it looks like it'll be a small green day For me Right now my last contract Is setting dead center With What did I say? 15 wide You'd think it'd be good You'd think My 4, 7, 5, 7, 6, 7 I'll turn green Build on my quad 40 So about a buck and a half Profit on that one Rut hedge currently up about 33% S&P down 60 on the day Nasdaq down 290 Tomorrow Tuesday Pre-market we've got building permits Building permits and housing starts We've got A few different Fed speakers in the afternoon including J-Pow Obviously the biggest event risk of the Israel-Iran Conflict Yeah nice Power hour to be selling premium for sure Oh yeah Beautiful No price movement I'm going to finish Looks like this is going to expire It's 60 cents It's going to stay below 70 Two and a half minutes No problem $12,675 today Beautiful Four trades 50, 64 with a minute to go Nice Elliott Just the standard $4, $3, $2 on each Tronch Old school, I like it Ding ding ding 50, 61.83 And that's an expiration That is an expiration Tomorrow is the 16th Chad will be streaming live in the morning for mighty 90 and runners And we'll be back for power hour Tomorrow afternoon Alright all, take care, have a good night