 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, listen, have success, find what works for you And forget Jesus, what we're about Time to dismiss greed 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 Hey What's up everyone, welcome to Power Hour Live Thursday April 4th, blood is in the streets, my friends Blood is in the streets Yes, I'm excited, Anil Red's my favorite color So, I didn't do as good as some of you all But I got smoked out of some of my price action trades up here I said I was just going to trade the morning Book some profits before the Fed heads started speaking I stayed small but just kind of scaled in Won a couple of them and then got smoked out of a few So down about 2,500 total on those I was just trading four lots But my early Rick hit 35% in my challenge portfolio Vicks started contracting a little bit So it didn't qualify by the time of late Rick entry So just the one in the challenge portfolio That was good for 2,100 and then I Discretionary in my other account Took the late Rick Closed four of five of those For about a $3,200 profit and I still have one on Which is this one here So if it closes below 5,200 I'll take max profit on that last one Which will be good for another 2,500 Of course NDX out of bounds So that one's going to be a loser That's about it for me my friends I'm just glad to see Vicks sniffing 16 So SPX is down A little over 1%, 1.1 Down day is if it's down more than 0.6 But not over 1.2% So I'll be letting my bots roll For down day power hour Which Trunch 1 will come in In about 3 minutes Looking for the $4 strikes 2-1 calls to puts So that is my plan So right now Trunch 1 qualifies But if we make another flush lower It'll be out below that 1.2% So it would not qualify So it could be a situation where Trunch 1 qualifies But Trunch 2 or 3 might not If we keep going down we'll see Didn't do any futures trading today Importantly did not see that one coming Apparently Mr. Mester opened his mouth Said something Saw a couple little headlines on financial juice So let's see we'd be at the 51.95, 51.70s So 25 wide 25 wide with some call skew I like it So my Trunch 1 will start firing In 3, 2, 1 Lift off Should start trying to come in here Going down, now we're below So now it's not going to qualify We're down 1.3% So I'm going to let the bots make the decision Of course it depends on where trade steward has this It's going to be a little bit different than What I'm showing here Depending on where it has the open Bounces back up above 1.2% Still in my window it could still fire But Out of bounds for now I do still have one put from my earlier trade That I bought for 20 cents And it's at $16 Just going to hold that little guy For now How high can we go? 1.4% So my rut hedge from yesterday Was up nicely Now it's back in the This is the one from today The one from yesterday Went back into the valley After being up a couple thousand Unfortunately That's the way it goes sometimes $60 And you bought it at where, Elliot? This one was from my Tractions that I was trading I looked at my order I got in at 20 cents And it's at $15 Pretty close on this one $100 more bucks I'm going to go ahead and take off my last rick runner I'm going to go ahead and book it Still going down, Vicks above 16 Let's go baby So that one's gone Let's see I guess Chad decided not to Participate with us today Didn't hear from He's pretty nasty I mean Keep in mind though He's only down 0.8% on the day So a little perspective too Or just at the lows of the last couple of days So It's not like he can't keep going Let's see what the bloodiest stocks are DJT, AMD Square Nothing over 7% lower though Still some green Still got some stocks in green Meta's up 2% Coming down It was up more Bitcoin up 4% Gold new all time high But just up a little bit VXX I've been looking at that Volatility on that's getting high I might I might start a VXX position here By the end of the day Start small And scale into more If we get some follow through on this And that's a big nasty Big nasty red candle Yeah my PMM positions are Set up Well for this I mean nothing Great Remember we're only not even down 1% here Definitely create some opportunity to add to So my time Flies Scrap is off Let's see I'm going to go ahead and close my April 19 Time fly I don't know where this thing is trading Bouncing all over the place Filled at 315 on the diagonal April 19 22 This butterfly is bouncing All over this place I don't know what it's trading at VXX hit a high of 16.35 All right Filled at 490 on that fly Just posted that Excuse me butterfly channel What's going on here Dick K is trying to bet me on something VXX is outside the Bollinger Bands Yeah I'll take that bet I think we go lower tomorrow I'll take that bet I'm still 2 barbecues down to you Should we just make a double or nothing here? You want to go for 4 or nothing? Short premium trades Coming back to center All right you're on Dick K You know I've won the last 4 bets against you I just You didn't take the other side of them I have witnesses though I bet you a couple times you weren't on here So I'm I'm kind of on a hot streak to be honest There ain't no bounce off the lows Needless to say Short butterflies are not going to be in play today About 5175 Trading for 50 cents I mean I want to do something I feel like I need to do something Something small I tried to get filled on some Short calls up here On that first little bounce and then it ran away from me Maybe we'll get a big M-O-C number At the end of the day If we start pushing new lows In SPX but the VIXX Doesn't push new highs I might consider Trying to catch a little falling knife With some puts The news pick up so quick They are fast on their news Little typo though Barbecue futures Are juiced right now What are you guys doing? Is anybody doing anything? My long put that I bought for 10 cents is now We're $21 If we break lower your buying puts I might sell those to you 1.4% from the open What do we got here? Is it a 3 sigma move? Maybe 4? Alright I'll try to sell that put 4 I'm going to put 25 bucks in there In case we make another flush I'm my own man Dick K I do what I want As long as she gives me permission I'm about to sell Dick K some puts If we break lower again The bet is wherever we close today My bet is that we close lower Than that tomorrow Not sure I've ever bought a put for 20 cents And sold it for $22 It's going to hit my $25 limit Hit it 25 bucks Let's see if this vicks If not I'm going to try to Catch a bottom S&P down 1% NASDAQ down 1.8 1.18 Russell down almost 1 Dow down a little over 1 So all 4 indices about the same I'd love to see this rut head It goes side line to side line today It was way up here Up a couple thousand now it's down the valley Let's get to the other side I just need I just need about 30 more points at a rut To the downside To get out of the valley 1.5% from the open Been a long time since we've seen that Yeah that one should be back to center It's profitable But to hit my profit target For To get out for like $44.61 So it's got Like you said 43 days So I'll be taking that off next week Alright so we ticked a new low Vicks did not tick a new high We've got 40 minutes to go I'll give it I'm going to give it a little bit more time I want to see another flush BitK, did you buy some puts yet? That's my indicator I got to sell it to them Be sure to let me know I mean bear markets are so much more fun Aren't they? I mean we're not in a bear market Don't get me wrong But bear days We'd have to get down To 4,211 To be in a bear market 20% lower 4,200 So we got some room Before the media We're in a bear market So my remaining time fly Looks like it's up Somewhere between $3,600 It's not quite to profit target Alright SPX Creeping back down towards lows Hedgehogs doing well Yeah you're due to give some of that back I think Can't keep all that Spread the wealth, BitK Alright here we go New lows Vicks not Not pushing I don't like this little grind lower If I'm going to sell puts I need some capitulation I need a flush And then a rip back up My trader account Is out of it to draw down Thanks to that Rick today New equity Highs on that account So all of my Accounts are right under Or at My futures ones down a little bit From its Very peak Actually it's a little bit down Alright here we go 16.4 Let's see where this thing goes Push push push baby 155 Vicks up to 16.5 Let's see if that's all it had 30 minutes to go my friends Still got 30 minutes Nasdaq down 1.4% My 51.90 Puts That I sold at 25 bucks are now 34 Hanging around in the 95 delta Yeah where is Krish Krash There he is Nasdaq Approaching 100 points to go To 18,000 Vicks still climbing No doubt Kreen That's all Pelosi No surprise gold is not pushing today I guess bitcoin is really The new inflation hedge Hello can we go All sectors red Still got some green stocks Metta still holding on Tesla still up Well off their highs but Still green for the day We gotta have We gotta have everything red Really get this thing moving Yeah I'll give it till tomorrow Meach I told you that's why I only did one lot Because there's you know we could have trouble That must have been someone else Never following Meach again New lows 51.53 New highs and Vicks These little stair step downs Are the dangerous ones You're trying to get long that is VXX yeah I'm gonna be Let's see let's take a look So we really got 15 days We got 43 days in VXX I'd go to the 43 The weeklies aren't great They're pretty wide I'll look at something like this Like the 1412 in the May 3rd cycle I just I think we're gonna get some follow-through To the downside tomorrow Alright I'm gonna do a little starter position in VXX Alright I just posted that VXX trade In the option selling Are you gonna get Vicks 17 I did have a little spike above 17 On February 13th Other than that We haven't seen Vicks 17 since October I don't know White Tiger Never know I don't think it's a flash I think I think we're gonna have at least some Decent two-sided action Look at this movement SPX It's October right I mean that's just Insane Compared to just a visual of the price action That right I mean we had a nice little run up there From March to July Of 23 But You know most Usually don't have that kind of Parabolic straight up move I mean it's not unprecedented By any means but Might be time for some two-sided action As opposed got to smoke out these By the Dippers About time they got kind of lulled to sleep By the buy in the dip Every pullback just buy the dip So we have to crush their dreams And then we can Get back to normal market Quote unquote normal I thought maybe we See move like this after the Fed Actually reduced rates But I just don't I just think this inflation Thing is not dead Five minutes till MOC My trades will mostly be Based on the Overnight VIX move So I'm not sure what I'll do tomorrow yet Alright maybe we put it in the bottom but I'm not gonna play it See what MOC brings us I mean that just A big bar just feels like a little bit of Capitulation at the top Short-term top anyway And Dark Avengers yeah I mean My challenge portfolio it's set To do whatever it does As far as my other trading though Just kind of have to wait and see That's MP down 1.2% From yesterday's close down 1.72% From Today's open Alright MOC number in one minute I leave them on Fed day I'll turn them off But that's my only real main No trade filter But I'm always monitoring too So I'm not just Leaving them on and not paying attention Alright listening for Our Market on close number Here in just a few seconds 3.3 billion buy side Going long 3.3 billion buy side Initial reaction after the buy side Number a little dip See if we get our rip It's gotta be some End of day buyers stepping in Yeah E. Allison on a big move like that Enough credit On the end of day fly So the 55s right now for example Are trading for Not even a dollar maybe a dollar So on the MOC I take 6 of my 10 off at a 5 Point move so I got long at 5207 So if it gets up to 5212 I'll sell 6 of my 10 I'll ride the remaining ones Into the close No bounce come on where's my Where's my MOC bounce It's coming down Gonna need a bounce I'm gonna get stopped Nice Tom That's awesome that deserves a Flame Anybody else on MOC with me Elliot I know you're on it Meach Great Meach is on it we're gonna lose Come on 5 minutes to go Vicks got up to 16.92 back down to 16.39 Tesla and meta We're both green Well we're back down Not Get any follow through on that bounce 3 minutes to go I had never been stopped out Until A couple weeks ago on an MOC and I got stopped out Looks like I'm gonna get stopped out again A few minutes to go I always put it at 10 points Away so I got in it 07 So it's at 5202 Or I'm sorry D197 MOC winner This thing's gonna close near its lows TS trade You may want to scroll through the channel You'll see a lot of people Made money on this move I made money on a couple ricks Ended up to down 1200 On my price actions after that Long put paid me Pretty good day Nothing earth shattering New opportunities is the biggest thing With the Vicks back above 16 Got to wait for the close to see Where the line in the sand is For me and Dick K There it is Just above the lows 5147 0.27 0.27 5147.26 Alright Dick K It's on It is on Alright tomorrow Is April 5th Friday so we'll be streaming live in the morning For zero DTE And then we'll be back For power hour Alright all Everybody have a fantastic night See you later