 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 Ay, ay, let's go We're not here to gamble, we're here to trade We follow the thing traded, 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, 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 Ay What's up everyone, welcome to a Wacky Wednesday, August 23rd Big move up in Mr. SPX Pulling back a little bit right now, but up 46 A little over 1% higher on the day NASDAQ the strongest, up 243 Up over 1.5% Russell, about the same as Yes and P Up a little over 1% plus 19 And the Dow up 150 Only up about 1.5% Gold up 1%, silver up 4% Bonds, big moving bonds up 1.5% Ten-year yield down 2.7% Oil down 1% Natty gas down 2.5% Grains pushed higher today Euro and the pound pretty unchanged And Bitcoin up a few percent VIX down 5%, VIX futures down 3% VIX hovering back down around 16% So for power hour Well, we're right in between now So it could be 4,435, 4,430 We push towards one of the strikes Could be a straddle Let's see, power hour Squeeze Five wider straddle, yeah, so I got that ready So, yeah, move up is Obviously beyond 0.5% So for trunch one, I will be doing a 2 to 1 ratio So we'll see where this thing settles That is a 16 by 8 So I need to buy six more puts So I got stopped out on the AM ratio Got stopped out on the PM ratio Rick was a winner Dick K. Special was a winner Pushing up closer to 4,435 So it looks like it could be a straddle My 3,2 PM trades with a 12 dollar stop So I got hit Per my plan, I do a 16 by 8 On the 2 to 1 Alright, looks like the 4,435 straddle Filled at 12,90 Filled at 12,90 So my So I've got a 6 dollar stop loss Fixed At 40%, I would reduce that stop loss Down to 3 Since I did a little ratio for power hour Now I'm looking at my back test I use a stop of 6 6 dollar fixed stop 40% Set stop loss to 3 Alright, so I got a TGIF that's coming off tomorrow Obviously it pushed up I had put out a A little video earlier about a potential adjustment But I forgot We've only got 2 days in the front We'll be taking that off tomorrow So unless you're just trying to protect the upside You want to buy calls or do a vertical Or something like that I wouldn't adjust with a calendar spread Just don't get enough time With taking it off the next day So I'm just holding Looking for a Pullback tomorrow Would be ideal Put on a 1,2 earlier today Everything else besides the TGF has been Awesome for calendars TGF The B&B I put on earlier is already up 400 ish Took off a 1,2 a 1,3 a 2,4 a 6,7 All for profit today Yeah, the Euro Got a little bid so still That one's still hanging in there Took off MES Short strangle hit profit target on that Getting close on ZS Not quite there VXX with the vol contractions Coming nicely Not quite to profit target On that one yet If we get under 24 and VXX Tomorrow That one should hit Then our first one that we put on Has come back into range It's up a little bit It would need to get down below 23 Closer to 22,5 To hit profit target on that one But 23,5 Is just back down to The recent lows And VXX that we saw in the 14 So not too far away If we have another Update tomorrow that will probably hit Also got a couple of time flies on Both of which Have been adjusted With calendars Here's the one we just put on Just adjusted this earlier today My previous one Which in hindsight Has taken my 5% Instead of trying to hold out for more Ended up adding the calendar Pushed up even more still Slightly profitable Slightly profitable If I closed it right now If we get a down move tomorrow That will be in really nice shape If not If we push Much above the call strike On that one This is the September 6th position So You have a couple of choices One You could close out the current calendar Which would be profitable By a little bit And then you could Push it out even further Add whatever the 40 Delta is at that time Or you could just close the trade So I'll decide tomorrow What I want to do there Scorpio, that is a AutenRaw creation Give me a second I can shoot you the links on that In AutenRaw you've been Very generous With continuing to post that So if you've posted here I'll go ahead and put that in the Course channel To make it a little bit easier for access I think that's something that Anyone with TOS is probably going to want So make that a little bit easier To get Also added a single Put calendar in NDX Technically a diagonal, diagonalized The puts by a strike to balance a little bit But it's pretty close to where we put it on Pretty well centered A little push lower in SPX My PM trades With a $12 stop VIX almost hit 19 A few days ago and now it's back down to 16 There you go, elegant Scorpio AutenRaw just posted those links Oh nice Ryan P We're getting a little bounce Look at that theta come in on that little bounce Just some serious Premium suckage I think is the official term we call that Actually I'm going to see Alright thank you AutenRaw just posted those in the zero DTE course So those will be easy For people to reference so you can always just Send them there As will I Boom back in business I love it It's never enough Maro, it's never enough for you So high of day Was around 44 43-ish Currently trading at 44.37 Alright so I got into My trade My Trunch 1 at 12.90 So once it gets down to 7.75 I will reduce my stop from 6 To 3 About a little over 10 bucks With this ratio We could really even push up through highs of day And still be good As long as it settles back in Alright about 10 Or excuse me 5 minutes until Trunch number 2 goes in So for me I just do Trunch 2 and 3 as 1 to 1 I know some of you all Have a ratio For that on a short squeeze situation as well Nvidia earnings play Okay is that tonight? Any earnings this Peton down 23% AMC down 22% Nicola down 7% On the upside Restoration hardware Up 7.5% Shopify up 5% Crypto stocks having a good day Netflix up 4% Spotify up 4% Nvidia is up 3% Nvidia Well I think the I'm not going to play it to the downside I'll tell you that Which means it'll probably go down You guys if you don't know My Earnings predictions are Spectacular I think last session when we were playing around with Little earnings plays I think I went 1 for 6 or something like that So whatever I do Just do the opposite and it's pretty much a guaranteed winner Yeah it looks like Expected move For tomorrow is about 44 Expected move For the last couple of days of the week Is 47 in Nvidia Eli the term squeeze Is just a term that Tim Weiss was using If the S&P was up 1.5% Or more from the open From the time we entered power hour It's not Truly a short squeeze is just kind of a If it's up big He just used the term squeeze So From the open of the day If SPX is up 0.5% or more That's the criteria that we're using I'll come back to Nvidia here in a minute Buy some longs Trunch 2 Close this to 3 bucks Looks like the 4440 It ended up being the 4435 Strattle 4440 4435 Trunch 2 That should not be the case What is going on here Filled at 480 For Trunch 2 A minute late Should have had plenty of buying power I'm not sure why that did that Anyway So now The 4435 Is still the sweet spot But in good shape right here Alright I need to drink a little too much water My friends I gotta take a quick Trip to the little boys room I'll be right back Much better Alright so for For Trunch 1 I'm looking for 775 Trading at 920 So no reduction But I need a couple bucks out I'll look at Nvidia again After I get in Trunch 3 Trunch 3 If we stick around here it could be at the same strikes 4440 4435 Get some longs for Trunch 3 Alright looks like Could be It's a little tweener right now Give it another minute Looks like the 4035 Again Alright 4035 I don't know what is going on here Todd is Got filled at 380 Is Anyone else having weird margin Issues with toss lately I mean I should have had plenty of Is rejecting I had to buy more longs But anyway I'm in I wonder if Schwab has something to do with that Anyway I will figure that out later So in 4440 4435 Trunch 3 Trunch 1 and 2 we're still doing good As the price of SPX is kind of Flatlined Longs were only 2030 Only 50 points wide that doesn't make any sense Anyway All good As long as we book a winner here Trunch 1 I'm looking for Wait a minute Where is my OCO on Trunch 2 So I got into Trunch 2 at 480 So my stop should have been 780 It's riding naked there for a minute Alright so Trunch 1 I'm looking for 775 It's currently trading at 8 bucks If it gets down to 775 I'll reduce that down to 1075 3 bucks over 790 So trading at 790 785 Haven't seen 775 yet Soft flash there we go 775 So reducing my stop for Trunch 1 30 minutes until the bell 3 bucks 3 bucks over the current price Alright, Nvidia Let's see I might do an upside Butterfly Upside Butterfly 15 points wide Will cost you a buck 08 Let's widen this out a little bit I'm going to do a 515 Butterfly So 490, 515 540 I'm going to get filled at 290 This is just a little Just for a little fun Just for something to watch after the bell and tomorrow morning Filled at 3 bucks So anywhere above 495 Below 535 Should be a winner in Nvidia Risking $300 Of course Let's hope Mr. SPX Just kind of stays asleep here Real nice spot right now Just take a little nap For the next 20 minutes So tomorrow we've got the old Jackson Hole Symposium All day All day Thursday, all day Friday All day Saturday Jay Powell speaks tomorrow At 9.05 am central So 35 minutes after the market opens So I won't be trading any I'm sorry that's Friday Thursday is tomorrow Got a FOMC Harker speaking At 11 am So tomorrow I'll still be Trading any normal Thursday Trades that set up But Friday I will not be trading My normal am Iron Condor The Jackson Hole Symposium Great minds of the world Get together To talk about the economic conditions Of our country Let's see what Forex Factory Always says about it The economic policy symposium Held in Jackson Hole, Wyoming Is attended by central bankers Finance ministers, academics And financial market participants From around the world The meetings are closed to the press But officials usually talk with reporters Central bankers and other influential Officials can create significant Market volatility There you go Now, I miss Spoke at first, Ryan P. I'll be trading Normal Thursday Friday is when Powell speaks in the morning So I won't be doing an am iron condor On Friday But we will be streaming live For zero DTE in the morning Both Thursday and Friday Tomorrow and Friday I won't be doing a 10-25 Dick K. Special on Friday In fact, the only thing that I would Consider would be A RIC if it sets up 20 minutes till the bell VIX down under 16 BXX Getting closer to our profit target BXX is currently trading at 24-30 I want to see it under 24 My PM Iron Condor 2 ratio I got stopped out. Good to see you guys are Hitting profit targets Nice. Was everybody on a 2-1 ratio on those? Nice, nice. SPX Hovering around 44 40-ish Between 44-40 and 44-35 Is ideal for me So I've got the 2-1 ratio on my Trunch 1 but 1-1 on 2 and 3 Are you all doing Ratios on all your tranches Or just Trunch 1 Gotcha, gotcha, gotcha Under 15 minutes Woo-go, popping his ratio cherry Today Nice. Is that appropriate? Can you say that? I don't know Is that politically correct? I don't know what I can say anymore 44-38 That'd be a beautiful number So year to date NASDAQ's still up 39.5% SPX is up 16% Rut is up 7% Dia is up 4% NVIDIA Is up 229% Year to date That's Insane VIX is down 30% Gold is up 5.5% Silver is just Into the green barely Bonds down 5% 10-year yield up 12% Oil Just barely green for the year Bitcoin still up 60% year to date Euro up a couple percent So Kelvin So my Profit target remains 5-10% But now it's of the full Package So you're adding capital When you add the calendar you're adding risk So I want to add I want to keep my Add some profits too If at all possible Not sure what you mean by debt paid No That risk definitely doesn't go away It increases So like here's my SEP 6 Here's my original Butterfly You know I had a max risk of a little over 10,000 Then I added the calendar Now my max risk is 13-2-60 Now my 5-10% is based on that 13-2-60 Makes sense I have 44-36 We've got 9 minutes till the bell Few minutes before I bail Trunch 3 is trading at a buck 65 I'm going to put my limit order at a buck 30 Trunch 3 Trunch 2 is trading at a buck 60 I'm going to put that at a buck 30 as well Trunch 1 is trading at 425 If we can get a little bounce here Should hit those orders If not, I'll pull the plug here in 2 minutes Little bounce Trunch 2 up to Buck 85 Trunch 3 Buck 85 Trunch 1 for 90 Trunch 2 filled at 2 bucks Trunch 3 filled at a buck 85 Trunch 3 Trunch 3 Buck 85 Trunch 1 at 5 something I'm out Nice winner What do we do here Trunch 1 at 12.90 Out at 4.90 Nice $7 winner there $8 winner Trunch 2 I got in at 4.80 Out at 2 bucks $2.80 winner Trunch 3 in at 3.80 Out at a buck 85 Very nice Needed that one after a couple Losers today Put me in the green Celebrate good time Come on I just got to do that since we're on zoom I don't have my Soundboard and discord Alright my friends good stuff Tomorrow I'll be streaming in the morning And for power hour So look forward to that Everybody have a good night Talk to you soon