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What's up everybody, welcome to Power Hour Live Today is Tuesday, December 19th Hope all is well So for Power Hour, again super low premiums Just barely above five bucks for the at the money straddle No thank you So I will not be trading for Power Hour I did take a couple trades today Two from the bot, one was a quiet lunch that hit 50% The other was a PM iron condor that's currently open And it's at about 27% So good on that front I also took another, my re-entry didn't set up So my bots weren't going to fire but I took a kind of a discretionary Similar to a re-entry type trade and Got out a half of that at 40% This is not a bot So I got out a half of that at 40% I've got the remaining one That I'm trying to get 80% on And that would be if it hits 440, currently trading at 830 So I'm sharing a strike with my PM iron condor So combined, I'm sitting pretty well centered So I will not be trading Power Hour I do need to, I did not get in my I completely forgot to set my little alarm And I totally forgot to enter my B&B Double calendars So I'm going to do that now I'm going to go with a I'm going to go with a 1-3 and a 2-3 I usually like to enter these a little bit earlier in the day But they still perform well Entering later as well So let's see I'm going to go to my other monitor here Had it on my calendar Had it all scheduled And then forgot to set my alarm And then totally forgot about it So let me get that done right quick And we can chat some more By the way, if you're new Or if you have questions or anything We're going to have a lot of Down time today So feel free to post any questions Or topics you want to cover I just posted my 1-3 I'm going to do my 2-3 See if I can get filled at 545 4-550 All right, I just posted that one as well All right, so Power Hour I'll be in Tronch 1 right now But 60 straddle, for example Is it just over 5 bucks Just too low Risk reward is just not there For my liking In fields, no It would be a normal day Premiums are just super low So the risk reward is just way off SPX is currently at 0.37% from the open So that would be normal day Not an up day I have not looked at Alpha Crunching Trading naked Kelvin I haven't looked at my actual results Side by side I definitely do more 1-2s So I'm not I'm not sure They both they both Been pretty nice this year though Fresh current This is the result of your Power Hour Tronch 1 3-2 trades for the year Is that those are back tested results How's my question about the quiet lunch There's a VIX overnight Move gap max 20.25 It was almost 0.58 So for my quiet lunch on Tuesday I don't believe I have a VIX filter Okay my The one on Tuesday does But my My other one doesn't So if you look on the If you look at my trade plan You'll see there's two of them on Tuesday And the one The one test the one test doesn't the one test does So it it's still I have both on and my bot And so it it's still triggered My PM iron condor is at 36% looking for 50 I did take a I posted I traded a discretionary rick this morning And so that was right here got in at 985 ended up closing it out for a scratch closed at 990 and 10 bucks And then I I got in another one got filled at 920 and got out and scratched it at 930 Basically what what I was doing is When we pushed up Close to the expected move line I wanted to see if we were going to kind of actually stay in here or bounce off and actually maybe go down So my my idea was if we started keeping continuing kind of grinding higher, I was just going to scratch it You know, but if we got a down move then I would hold it for profit And I did that twice scratch both of them because we obviously did not move down We just kind of chopped sideways So no ricks on board currently So my PM iron condor is the 60 straddle my other Trade which is the 60 put 65 calls that closed half. I've got the other half that'll close at 440 currently trading at 620 Be more trader. Are you talking to me? My PM iron condor came on at that's 145 central No, I'm sorry 145 eastern 12. That's that that was a little late. Yeah 1245 central 145 eastern That's on my trade plan ES hit a new all-time high today. Now, this is the continuous contract So Take that for what it's worth, but it Hit a new high of 48 17 today spx is still 48 18 is the high And we're currently at 47 61 So still 60 points away From all-time highs Ndx is in all-time high territory hit a high today of 16 800 The Dow hit a new all-time high today The rut all-time high was 24 58. It's still down at 2018 I did take one futures trade today And that was in gold Just one trade two contracts, but 2002 50 I uh, I got in just before pre-market closed half Right here at about 2051 and then I literally Literally painted the top The high tick was 20 61 and I got filled at 2061 So that was kind of crazy when I was looking at on gold this morning Uh, just looking at the daily chart Uh, it kind of pulled back and then it it Retraced yesterday's bar and started to push higher And so I got in As it was doing that and I took my first profit target at the top of high of yesterday And then I took my last one near the high of Uh The day before so Friday and it ended up being Perfect exit S&P currently up 19 Nasdaq up 54 Russell Strong again up 36 almost 2 percent higher Dow up a half percent plus 188 Gold up a little lower half percent silver up 1 percent notes and bonds a little bit green tenure yield Down about three quarters of a percent Oil up almost 2 natty gas up a little over 1 percent grains pretty flat Bureau and the pound both up about a half percent and bitcoin up almost 1 percent Vicks 12.39 My v-pop and v-slap to the tick dickay See I don't even I don't even need fibs Don't even need it. Yeah, even with this recent push up Vicks is kind of holding above 12 What are you doing here anyway dickay? You're supposed to be living life Not staring at the $5 straddle and trunch one A little pullback right down to the expected move line See my two three DTE comes off Thursday one three It's off Wednesday My six seven still hasn't hit 20 percent yet now it's back to Up about 10 percent It was close to 20 had an order in Was it yesterday? Maybe Yeah, yesterday didn't quite get there. We'll come off tomorrow Data lists not sure why the market felt system to knock my ph1 out of my trailing stop. Oh Yeah That's the problem. You get these little tiny moves that knock you out My p.m. Iron condor currently up 38 Trail down one more So who was it that asked me was it kelvin? One two is one three. So let's see You got me a little curious here. I haven't I haven't done as many what near as many one threes, but Okay, so here's Here's all my one twos and one threes combined for the year Let's see year to date Yeah, so I thought it was a little higher so a little over 28 000 in profits Almost 71 win rate and if I do just one twos So just the one twos was 24 of that 28 000 70 win rate if I look at just my one threes So I've taken 35 one threes 70 a little higher win rate a little over 3600 in profits SPX bouncing back up above the expected move Yeah, that's correct tomorrow A white tiger that's a calendar strategy. So if you're a calendar member or a pro member You would get access to all that training in trades You mean you mean the average profit per trade It does it does that Or buying power are you looking for buying power? By the way, what dark avenger was it you that posted the John Oliver Elon Musk video I watched that last night. That is fantastic It's really good. Oh, I wouldn't say it was just it's it's really funny more than anything But I'm about three quarters away through the Walter Isaacson Elon book So it was kind of funny he hit on some of the some of the stuff in the book too my uh little discretionary three two from earlier 80% at 440 is currently trading at 545. So that was not too far away. Yeah, you know he He said that Elon literally gave him 100% access full time anytime he wanted he said I've never experienced someone give me Access like that. So he I mean he could be in any meeting any conversation any anything and So, yeah, he didn't he didn't hold back He also had an agreement with Elon that he that Elon was not allowed to read the book But until it was until after it was published Yeah, Emfield it just came out a couple months ago. It's the Walter Isaacson as the author It's a autobiography. Oh the Tuesday Thursday afternoon. I see he's done But Tuesday Thursday, I've got a Tuesday and I've got a Wednesday and I've got an update and I've got a gap down and go day So these are my 4 p.m p.m. Iron condors So about 64 win rate lower 29k on those The up days have done really well only had two losses and one of those losses was a hundred dollar loss So that I just do them on Tuesday and Wednesday are my other ones So 57 win rate a little over 5300. So not great not great, but not red either Yeah, he was the author of a Too big to fail too QQQ back test. All right 50 delta 3d te Let me bring it down here 12 profit target Exit of price moves plus or minus eight See how she did in 2022 pretty flat in 2022, but Didn't lose So those are monday tuesday 10 amers Dig dig into that one a little deeper They're watching you data lists They are watching you straddle for tranche Three yeah, that's I don't like that either I'll just pass I will just pass I'm showing restraint. Are you guys proud of me? My p.m. Iron condor is at 44 percent still looking for 50. It's on the 60 straddle White tiger are your one two strategies based on back tests? Yeah, they're back test driven. I've got Some calendar trades that are not back test driven and I've got one two three four five six seven eight nine 10 11 12 13 14 14 14 that are back test driven with some variations Basically what dick K is saying with that work of art Is we're not going anywhere. We're just going to chop into the close. I think Am I right dick K? Yeah, white tiger. It's a good compliment. I mean we have been in a 64 to nine point range Basically since 40 minutes after the market opened Nothing wrong with that after you get your positions on that's for sure I just need a little bit more a couple more bucks on this one and Just a little bit more on my p.m. Iron condor it's at 47 percent That 50 percent It's hitting it Close it out Right at 60 right at the 60 strike should be closing filled So 57 80 plus 57 80 on my two bot trades today And there goes the other one Nice So now I've got no zero DTE's on By the way, I'm going to give my reverse hedgehog and gold for those of you who trade that I'm going to give that another day. We're at seven DTE today See if I can't scratch out a profit on that one Close to break you in Natty gas That was a Was a couple hundred looks like it's up about a hundred First market on close five million sell side that is Really nothing Got a three four DTE that I put on yesterday. It's up a few hundred So tomorrow that uh four five double diagonal I mentioned, yeah, we I took a loss on it, but I think I I'm going to keep trading that I I like it It had pretty big range. I mean we had to move from Friday when we put it on say I don't remember SPX was say 47 15 all the way up to 47 60 So that's I mean That's about, you know, if you look at a couple days of expected move in there I mean it had to move that's a pretty big move compared to the expected move To take a loss So I'll keep trading it I don't have a handy PT, but it's on my calendar trade plan If you click on the sheet So I'm going to plan to not trade any Friday Calendars Going into Christmas and New Year's week And then I won't that week between Christmas and New Year's I won't be doing any B&Bs or any of the other ones either Market is open on the 26th Yeah, there's a 26th option chain so next week Monday is Christmas no markets closed Tuesday Wednesday Thursday Friday, they're all full trading days Not a lot going on as far as scheduled employment reports Thursday There's unemployment claims pre-market That's about it And then for New Year's the first falls on a Monday, so it's uh markets closed on Monday You missed it Krish. We load it up tranche one two and three And they're all about to pin PT yet the uh, yeah, you typically get volatility contraction um And the from last year and then I was looking at the previous year kind of in that time period They just tend to not perform well Yeah, I think the PT the first week of trading or can the first week of trading them with you all um Yeah, they didn't do so hot. This is right in Right around this Christmas time Uh depends trading naked on the like on the B&B trades, um on the on the Wednesday ones You can hold those longer If you do some testing you'll see what I mean But for the other ones They it performs best just to exit near the open SPX heading back up New high of day new high of year my friends That uh five million early indication sell side must have done something Just kidding No, what happened was dick K call and said do you know who you're talking to? This is the machine Give me my book map or I'm out of here And they were like, oh, oh, sorry. I didn't notice you dick Well ticked a new high coming back down I did nothing crish No thing at all for power hour Michael Todd all winners today nice rick p2h trunch 123 Still five million to the sell side for the market on close SPX back down to 47 62 Uh, yeah, naughty dog. I'm working on, um futures trading course I don't know if I even call it a course. I'm at least I'm putting together some videos and some Explain explanation of what I'm doing. Um, there's there's definitely some discretion involved Yeah, morrow if I'm if I'm trading directionally like this like I do with futures. I'm I'm definitely not I I really Have you know, I think I've gotten pretty good at it. I used to try to commingle my You know premium selling or different things with directional trades and Um, now, you know, I just treat them totally separate. So they're just completely separate trades so, you know, if I If I want s spx to go down in my zero dte trade um, I you know that has nothing to do with my Futures trade that I'm doing so and I've I certainly have had that situation where I'm longer short an index and I'm Kind of wishing wishing on the other side for my other trade, but you just got to kind of compartmentalize that Yeah, discount. I still use trade of eight. Yep Opt for dollar any consideration for delta neutral? I mean, that's that's what we do with That's what I do with all my zero dte stuff for the most part Maybe I'm misunderstanding your question Uh, not not with my day trades. I don't know. I don't I don't try to be delta neutral at all times with my day trades With my other positions. I I want to understand my delta, but I don't I also don't necessarily try to be delta neutral Uh, I see. Yeah, it's just it's it's just kind of a matter of Watching, you know trading over time and getting a feel for You know, what premiums are at different times different strategies I mean, it's you know, it's pretty Or you can really just look at vix too. I mean, that's Typically a pretty good indication Just the overall vix level. I mean, you know, we're at his, you know, pretty historic lows Not historic lows. We're at We're in we're in the low range of where vix goes. Usually Uh, I think the average vix over I've heard Over, you know, let's say like 10 or 20 year periods Or five year periods rolling five year periods average vix is like 19 or 20. Well, we're at 12. So You know that that'll tell you right there that premiums are Not great Market on clothes and balance two billion buy sides. That's pretty big jump From nothing to two bill Still two bill is not I mean, that's not a huge number, but Seeing a little had a little bounce Uh dark avenger that ntt trades still get posted every day Oh, those were ntt day trades chad Not your mighty 90 runners Oh, okay spx popping back up Seven minutes to go Reaping back up towards highs of day Yeah, that's correct discount not not zero dte. They don't They close right at four but other expirations do I'm just uh getting a little jump start on my trader sink While we're finishing up the day my friends Meanwhile spx hitting a new all-time high or excuse me New yearly high new daily high White tiger have a good one spx still pushing 47 66 Hope everybody got out at five till one minute 47 67 47 68 Five seconds to go 47 68 Yeah, my one three that I just put on at the beginning of power hour is already up 5% All right, my friends that is it for today Chad will be streaming live in the morning I'll be back for power hour Everybody have a good night talk to you soon