 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, we follow the plan, that's how we 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 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 blank What's up everyone, welcome to Power Hour Live Today is Tuesday, April 16th VIX is down 6.5%, just under 18 S&P pretty unchanged, NASDAQ Slightly green, Russell slightly red Dow a little bit green, Gold up 1%, Silver down 1% Notes and bonds a little bit red Ten year yield up 1.5%, oil unchanged Natural gas up 3.5%, grains red Euro and the pound pretty flat, Bitcoin slightly red A lot of Fed Speakers and J-Pow And then Premium got crushed And we haven't really moved much except for those little Dog and pony dances So let's see, for today So I disabled the bot on my rut hedge I'll go over what I did there That's a winner I did a discretionary 1DTE trade Didn't do it right at the open I did it after we had that initial flush So about 20 minutes in, just did a couple contracts Discretionary, that hit 45% All of my quiet tranches hit 35% I'm still in RIC, it's not doing so hot NDX is looking good so far Put on a new rut hedge I just entered my quad 1DTE Quad 40 and then the WUGA And we're bouncing again Yeah, these 30 and 40 point moves in 20 minutes are tough I mean I'm lucky to be green, honestly Yeah, I did do 1 price action trade 60 or 6 lots Hit 20, 40, and 80 So I'm up about 6 And then depending on what happens with RIC I wouldn't be surprised if there's just some wild price Movement here at the end based on What's going on today Yeah, that's kind of what I anticipate Just because a lot of times The market after J-PAL speaks for whatever reason It's kind of a delayed move So I'm just sticking with WUGA for power hour Yeah, I'm out of my lunchtime number one AM number one I got out of 20% of power hour number one But now it's getting close to being Stopped, if this push up doesn't stop And I put on a power hour number two Because I was off-center a little bit But with my power number one And it also needs a pullback Hey, I booked some quick profits there After J-P was done though Yeah, that's a nice crush And then it took off And a lot of people didn't survive that push up I luckily survived it Because I had a 55-point wide iron condor I love the high IV I don't like the 40-points moves In 15 minutes Christian, I'm on the 70s, 60s And the 50s, 40s For WUGA My RIC needs to move Needs to get above 50, 81 To the upside Or below 50, 30 to the downside I think you're still on play, to be honest Not counting RIC out Yeah, I wouldn't doubt it Never counting RIC out You don't know which way it's going to go Is it going to go up or down Or discount, we could Hit profits in WUGA And then RIC can rip And we can profit on both It's been a while since I've seen 40-point move up and a 40-point move down In that short of time I kind of thought after that push up And then head fake I thought we were done I thought we were look out below And then she bounced right back AMC up 13% Up to a whopping $2.80 SMCI up 7% All the chips up, AMD, NVIDIA On the red side, DJT Falling off a cliff Coinbase down 3 Need a pullback Dark Avenger, are you on here? So I saw your question on the VXX vertical On the May 3rd one Obviously implied volatility has spiked Since we put that on, so I haven't decided Exactly when I'm going to take that off yet I mean, we're obviously getting a big contraction today 4.5% in VXX If it gets down to, I mean If it gets profitable We'll probably just take that one off The other one will be at 50% of max profit At that point as well And on the flip side If that doesn't happen, if we do If we spike I'm just going to have to decide when to cut losses on that So I haven't 100% decided On that I want to give it time In case this little Flush on stocks Is over, but I don't want to take a max loss on it either So we'll see And I was stopped on power hour number one I almost just Didn't even take a power hour trade Because I just didn't like the price movement It's been all over the place Yeah, I mean it's kind of It's kind of acting like Post FOMC, right? Like after J-PAL speaks Yeah, it's just Not the same extent, but Mauro, are you on here? There he is Guess what I did my friend Guess what I did? I opened up an interactive broker's account I'm going to do a little dabbling with TAT I want to, well Hey, I just, I needed In quotes, I needed another account To Just do some test trades And things to free up some strikes And so I was like, you know what Let's do a little IB account And Utilize TAT with it I've been going through the TAT documentation And Setting up some templates and stuff And Definitely no trade steward But it is There's some cool stuff I like about it too Oh, I was going to show you guys what I did on my RET So here is Here's my RET 1DTE hedge That I put on yesterday So We were down here And I, you know At the What is that, the 1970 Yeah, my short put strike My lower put strike And I was like Man, this thing could You know, we started to bounce as this thing could rip I don't want to end back up in the valley So instead, I could have closed it For like $16 or $1700 But instead of doing that I just So this hedge is essentially I bought an iron fly, right? So what I did is Instead of closing it I sold an iron condor against it I got filled at $40 credit And so now I have this So essentially I locked in A profit of $1,655 And If it Pushes above $19,72 I can make up to And it expires up there I can make up to $2,155 So I gave up a little bit of profit To the downside So if this thing just Falls and expires Up here, that would have made $2,155 So I'm giving that up But I'm taking away all this Risk if we bounce By doing that And so That's what it looks like So I've got a few different little Transforming Things that I've been working on Along the lines of the Mahomes deal Along the lines of What I just did here That I'll be Showing in more detail here at some point Oh yeah, and then the other Actually probably the main reason I opened up that IB account was I've got a good friend Who has Built some Automated stuff Around Not using TAT, it's kind of the Their own Automated system Kind of like their own version Of TAT, and then they've done All kinds of different things with it And so I'm going to Utilize that here at some point I'll tell you guys more about it No more, I really don't know much about it yet Hit 20% in my power hour number two Yeah, that's what this guy did Tomorrow He knows the IB API Inside out So I did my In my IB account And then I forgot to disable My trade stirred bot and it fired But it only filled one contract And then I guess it didn't get filled on the rest So it was trying to cancel and replace I had some Some strike conflicts So I only got filled in one here But I've got Four, I did a four lot in my IB account So the at the money 50-70 fly Only trading For maybe 65 cents Some wild swings, but a pretty Tight little range, I mean look at that daily chart Especially compared to the last couple It's been nothing I don't really know exactly what I like about TAT completely yet Just going through the I'm just now starting to set up some Templates, but just some of the I guess some of the logic Makes sense So the expected move on the option chain Yeah, it's showing about 16 Wuga But I always For the zero day, I always refer more To this market maker move here Which is plus or minus 12 because you'll notice There's always a few points left Even at the end of the day once we expire So this is actually A little bit more accurate When you get down to this point Yeah, that market maker move it's basically The I used to always use it for earnings place Because it was it's basically The End of the current expiration Or if I'm doing earnings the night Before that was Kind of the expected move because You know if you're trading a stock for example That doesn't have everyday expirations Look at Apple for example You know you've got Three day options and it has the expected move for that But this is the one day Expected move and then it works For SPX zero, zero DTE as well And there's 40% power Number two Nice A little pullback helped you Yup, my dead center's About 5065 Got a really nice green day going Two winners one loser My loser's room scratch trade minus 300 That's the one I got lucky on Yeah as soon as Powell got done speaking and we had that push right there I hit Six profit targets I hit my five Quiet lunches And my remaining Price action iron counter just like Boom, boom, boom Wow I had to feel nice Be very happy but just Sat where it's at I don't think I'm going to put on a third Come on Man that would be getting pretty greedy That would be getting Pretty greedy I think You can still do 15 15 wide It's true I can still wipe my good Profit loss too I just talked myself into it Yeah which one are you doing I'm going to do the 80s I'm going to do the 80s And the 55s 10, 25 wide No 15 wide, 75s, 60s 675 Yeah I've been doing my price action ones With the cost order templates Instead of bots just because Gives me those longs A little bit of long Protection if We have a move I get stopped out and it keeps going That's the one thing I don't like about the bots Is they take the longs away Alright I did it Same thing Unless you do two bots With just the longs and just the shorts But I haven't done that No you can't Davis Yep only the bid list exactly Alright so I did my Wuga in the IB account now I got to figure out how to close That trade I haven't gotten that far with IB yet So that's probably something I should figure out Yeah that's probably a good idea Let's see where's my position at Exactly I did a B&B 1, 2 DTE In there as well I see that one on my Tomorrow do you use the classic View or the mosaic Classic okay That's what I'm on Okay so Here's This is my 1, 2 DTE So that's from an API from TAT So Where do I find my current position Here it is on the option Option trader There we go okay So it's this one here So right click Trade Close Right click 60% power hour number one Okay so I'm on my portfolio right This is where I want to be Let's right click on this Create a new tab Current Positions Just hit okay Okay go to my portfolio Copy Paste Right click Order entry Like a child Treat me like a child I feel like a child dealing with this software Alright We'll get rid of this This is the wrong thing apparently 20% on my power hour Really I have not hit it yet I have a little bit I didn't enter this one on my API So that wouldn't be it This is a This is a double calendar that I'm looking at And that's what's on the API I got you I got a little push up I don't want this thing taking off at all Stay where you're at Stay where you're at Okay here's mosaic Okay so this is it right here It's the 7565 5040s That's too much Hang on So let's start over Alright so I'm in the classic TWS Current positions But that's my Double calendar How do I get my Wooga Delete this okay Cut Alright it's gone Then in mosaic This is it right here Okay monitor I don't have a monitor Oh portfolio Monitor That's not it This one Yes okay this is it Copy I'm sure this is just exhilarating for everyone Alright then I go back To classic Paste Boom Thanks JT Boom Alright so now So I'm down 180 bucks On the Wooga right now So to close it I'm going to right click And Trade Close 100% Pick my limit price Get back down there That was exhausting God bless you IB users What did you open one up for I don't know if you didn't hear me earlier Basically I've got a guy who Created some automated strategies Connects to IB And then I wanted to Try out their Trade automation toolbox Which is a kind of a bot trading Platform Gotcha that's high enough Alright so one more question here So I got Where do I see where I got filled Average trade price So I got filled at 540 So 270 would be my I gotta do a negative number I guess Sell at 270 Alright I got my 50% Profit target in there I think I'm good Trade history Alright my 40% Is at $4 And it's trading at 475 That is a good boy NDX is currently sitting pretty Oh I got a camera I got a picture on your property just now The wind blew my The wind blew my Blind over Can you fix that tonight? Well I've got Baseball if it's Not going to rain Yeah I'll make sure I get down there He's restaked I need it dime to go 80% and out of Power Hour 2 And fill I'm going to fly trading for about 60, 70, 80 cents I'm out of Power Hour Number 2 at 80% and out Nice You had to ask that I gotta get back to remember how to look at that again It's up 379 bucks There you go Yep I got that on Cody It is currently slightly green A little down move here Yeah that's far enough Getting more down moves like that That's far enough I knew it was going to happen one way Or the other Oh Thiago you would hit 50% Wow What a move So I got stopped out of the rest of my Power Hour Yep I got stopped as well Wiped a bunch of profits Wow Just can't have nice things I guess Stopped out of everything Thiago did you put your I assume you put yours on earlier right I had to guess probably right around 230 Eastern 230, 240 Stopped me out and then bounced It's really amazing 232 There you go NDX sitting pretty nice and centered We are just back and forth Red to green, red to green today It's right around the unchanged level Man it would have been so nice Just to stay Where it was Need about 50 more cents out of Wuga A little over 20 minutes to go And Israel Reportedly finalizes plans For Counter-Strike Against Iran Way to let everybody know Yeah I definitely Need to do that Maro Not given the time to do that yet Power Hour 300 Being a $375 loss Thought it was going to be a big winner Still a very nice green day today Yeah I shouldn't have I'm up about 60 cents On that one Nice My order disappeared All good on the IB front Trade history looks good 50% yeah Although the one lot they got filled in Trade Stewards only at 35 But I was on different strikes 5 minutes till MOC Man it would have been I would have been sitting dead center One got stopped This little bounce up All right Around 60 Looks like it might Settle in Unless we have a big MOC number Rick is probably toast We don't have no more positions on Plus $6,540 today Listening for MOC In about a minute My Wuga in Trade Stewards My one lot still hasn't hit On the 60s, 70s Listening for MOC number here In about 10 seconds 850 million sell side Nothing D65 fly Was only trading for a buck 20 maybe So my one DTE quad 40s at about a dollar Profit No love for Rick today I had high hopes With some of this movement But never found a direction Just back and forth My one two And my one three are up over 10% I'm going to go ahead and close those Closed out my Wuga for 30% My one lot I just posted my one two exit My one three Is bouncing around 10% I'm going to leave that one on till tomorrow My six seven is up About 10% Five seven is up about 5% So both come off tomorrow as well My quad 40 Will make about 6% It'll be closing here shortly About three minutes to go Or excuse me five minutes to go Built at 2025 In at 2150 at 2025 So almost 6% So tomorrow is Wednesday We've got the beige book 1pm And then the two FOMC members Don't speak until after the markets close So really not a lot going on tomorrow Scheduled anyway We're going to get a quick flush New lows of day Scheduled missile strike Alright two and a half minutes Rick just needs to move down below 5030 Just 20 25 points Come on down Keep her coming Low of day was 10 points away We've got less than a minute NDX and Dow still slightly green Turn red Yeah I agree Hopefully get a little overnight VIX Pop Get some more trades on tomorrow There she blows 5051.33 Madam Butterfly you are a magic Mahomes magician Nice Alright so Tomorrow Livestream 17th Wednesday Chad will be streaming live in the morning for mighty 90 and runners And we'll be back for power hour Alright all Have a good night take care