 End of the day, 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 And that's how we get paid, test and 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, 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 plank Hey everyone, welcome to Power Hour Live, April 17th The wild price action today S&P currently down 5, NASDAQ down 120 Russell down 3.5, Dow up 92 Gold a little bit red, silver a little bit green Notes and bonds, green, 10-year yield back down 1.5% Oil down 3%, natural gas down almost 2% The soybeans a little bit green Wheat and corn red, Euro and the pound green Bitcoin down 2%, VIX down almost 4% Now after that bounce, sitting at 17.72 Back about where we started the day Peaked its head back above 19 again I am a little bit green on the day to the tune On this account of about 1,400 Mostly due to early Rick, late Rick I took a small discretionary 1DTE, got stopped out of that My two red hedges are down, that was down a little bit That one looks fire, most likely fairly red NDX is down, I haven't looked at it though Maybe might be making a comeback Although Nasdaq is the weakest And then in my challenge portfolio, just the Ricks So 35% on early Rick, 45% on late Rick And then I've had some price action trades today One hit 20% stopped, one hit Or I had two hit 20 and 40% stop And one had a full stop So that is my day Better than mine, man, this is probably one of the most frustrating days I've had in recent memory Just got stopped out of number one And not only did I get stopped out But the slippage was $1.30 So that was a, so I started off the day minus 4900 And then my number two went well, 20, 40, 60 And then got stopped on it, finally On this big push-up, it just happened But it was only one contract, so that was a nice winner And then my lunchtime number one, put it on And literally within a couple of minutes was up like 10% Like theta decay happened immediately Was looking real good And then this whole trend up happened And then it finally pushed up and stopped me out Had more slippage And then my lunchtime number two, hit 20% And then got stopped out on this big push-up here 15 minutes ago So I'm sitting down about six grand Down six? Yep Well, I thought after that push-up down day Was no longer in contention But now we're back into down day territory Yeah, I don't know that I'm gonna put on a trade here One, mentally I'm frustrated And two, I mean, it's just look at that I mean, you're talking 20 point moves, five minutes, 10 minutes So my tront one will fire in one minute As long as we're below 0.6% from the open We're currently at minus 0.74 All my profits from yesterday completely wiped So the $4 strikes looks like the 50-45 calls And the 50-25 puts Be firing here in about 15 seconds 50-45 calls 50-25 puts Nope, still trying to, there we go 50-45 calls, 50-25 puts 2-1 calls to puts Filled at 10.75 Back down below the expected move So let's see where the sectors are now Metals green, regional banks green, financials green Staples green, biotech green Health care a little bit red, retail a little bit red Energy red Real estate red, oil red Tech red Chips taken at the worst SMH down 2.5% Biggest gainer on stocks, DJT Getting a little bounce back Shopify up 2, Lulu up 2 Google up 1 On the red side, ADSK down 5% Nvidia down 3 AMD down 4.5 Uber down 2.5 I hadn't looked at Apple in a few days I had that two big up days It's right back where it began Boeing still on the struggle bust Down to 169 Like Netflix has earnings coming up 418 So tomorrow after the market All right, well, let's see if Mr. SPX Got all that little dance and jiggle out of his system It's gonna settle in near the expected move today That would be ideal Just like the test shows Dark Avenger I just put them on Let them expire Yesterday I Was almost at max profit So I I did a little adjustment to it To Prevent the loss on the upside But yeah, for the most part, I just Let them ride What's the expected move again? What's the bottom? It's about 5035 Yeah, it's a little under it So my one from yesterday My rut hedge from From yesterday It's pretty much in the valley, I believe Or this is the one from today It's a little bit green The one from yesterday is pretty red Yeah, it's pretty much right at the peak My NDX is Way out of bounds, yeah Let's see, where did it get up to on that bounce? NASDAQ didn't bounce near as much Got up to 17, 6, 20 Yeah, which still wouldn't have been in range So it looks like NDX is gonna be a dog today Yeah, my NDX all time Let's see Yeah, so it's actually a little bit red now About 58, almost 59% win rate That's also including When I first started doing SPX and kind of layering in It also includes like The one on April 9th where it took 15 wide And then when it dropped I closed it early It bounced back would have been a winner So that's about a $4000 swing On that one So that, yeah I mean that includes all my mistakes as well But yeah, it's pretty much A little bit red, 58% Partly my error, partly bot errors Yep, now we've got on Wednesdays For me, plus it's a down day So I'll be doing a down day pH The money flies, gotta be cheap Yeah, trading about 50, 60 cents Put on a 1, 2 DTE double calendar earlier It's up about 3% currently Yeah, I'm gonna have to see a little bit of price consolidation here Before I get in Yeah, I haven't seen much of that in about Yeah, I mean I can see this just Going all the way back down the lows of day I mean it's just I don't know No rhyme or reason I mean it just feels like it's all about the Israel conflict Just kind of fears Jumping in and out Yeah, I don't know It's odd Meach, are you on here? I don't see him on here So there's a group called Anderson Business Advisors And they do They do taxes They do business planning I'm not sure The guy, the main guy Toby Mathis He wrote a book about It's called Infinity Investing Anyway, some really good content He's got some content on his YouTube channel About Structuring your trading business And different things like that Anyway, Meach had suggested That I get him on the podcast And I just got confirmation on that So I'll be interviewing him Coming up Next week Quad 40, did I Did my Quad 40 not Didn't fire Oh, it's the same as Wuga Monday, Tuesday, Friday Vix back up to 18.23 Well that Vix is Real jumpy Real jumpy these days Trance number two will come in in about 7 minutes Has not been any just You know Up and back, you know, down and up In tight ranges It's all been Long pushes Or quick pushes I mean, what a head fake that was Yeah, I mean, I just, I don't understand it Look like we are ripping the highs and the days And then Boom, back down Trance one is up about 10% I mean, I can definitely say that In all my time of trading I was your D.T. Iron Condor I started paper trading. I've never traded Price action like this I know the markets have done this before for sure Yeah, you get in a situation Like this whole Israel deal Or there's just Tension You see that a lot when Especially when the When Vix pops up real quick like that One thing I'm kind of learning is With the Vix being high, you get the wide spreads But I just got to be even more careful about my entries You know Never thought I had a 70 Wide Iron Condor get stopped out so quick Yeah So, you know, really watching when you enter I'm learning something you really got Just because it's wider doesn't mean It's automatically going to be profitable Right Yeah, I can't remember if we were talking about this During power hour if you're on here But it's kind of like That, you know, we want We want higher IV, we want higher premiums We want to get wider But it's that transition When getting to that point You know, on the upswing of the Vix Yeah It can be a little sketchy It's when it starts to All the fears start to dissipate And it just starts to kind of decline A little bit slower That's when the That's probably, for me It's probably like zero DTE premium Selling, that's probably the The easiest time to make money But of course we never know when that's going to happen I am green, Kelvin, yes Slightly green on price action trades Hit both early rick and late rick In both accounts Lost on a small Discretionary 1 DTE And then currently in down day power hour Yeah, I don't like the overnight decline I need to get rid of that We need the Vix pump Overnight Decline during the day, exactly Just in the last 30 minutes here we got A 25 point move up And a 30 point move down Trunch two will be coming Let's see Trunch two One minute Like it'll be the 35 calls And 10 puts Elliot, you back on the down day train? Are you going one to one? It's helping right now for Trunch one Yeah, I'm pretty small I'm just Just getting a couple thousand per Trunch All right, filled on the 30s And the 10s for Trunch two Yeah, I'd like to see it just bounce around In a 20 point range, you know It's not like it has to be A 20 point range would be a tight range Nowadays So I'll be looking for 40% To reduce my stops on all three These down day trunches Trunch one's currently at 10% Trunch two at 7 I don't know, I'm going to be I've been meaning to dig More into that Elliot, I'm going to probably do that This weekend I don't like coming into power hour and being a little bit And just kind of switching my size Around I want to get back to Pretty solid plan As far as position size goes Because usually if I make the decision It's the wrong one If I make the decision on the fly Trunch one up 24% Build at 1075 So 40% would be 645 Little bounce Trunch one's up 35% It's just simmer down Right here Lock in my 40% Or ratchet down my stop I should say I know I've seen that before But I'm trying to remember this scenario Did you just put in an order in it saying that Yeah I don't remember what that is exactly Trunch one's still hanging around 35% I need a little bit more Decay 38% Get close What were you trying to enter Ken? Just a regular iron condor Or a ratio Or what was it? Well I needed a price to hang up around 50-30 It's a little bit longer Didn't quite get to my 40% Chad we got some consolidation 3 bars Yeah I see that And I was just looking at entering And it's like 10-15 wide Jump in the water's warm I mean I guess you gotta be brave To jump in 10-15 wide With this price movement Oh that's reassuring Dan B Didn't say it's one time thing But oh Schwab's got Their little paws all over this thing already I don't really like that I would jump in if somebody If somebody can guarantee me It's not gonna Move crazy over there Stop on Trunch one Sorry Chad would you say? Well I mean I would jump in if I could be guaranteed It's not gonna move more than about 10 points over the next 35 minutes There are no guarantees in trading You wanna guarantee Go to the bank and buy a CD Yeah I should probably stay out then Trunch three Trunch three fired Is the 35 calls 20 puts Filled it 8 20 I did those same strikes For power hour, same shorts anyway You just got in? Yep I just did the 20s and 35s Talked yourself into it You did I think that's the last words Yeah so I didn't Get home from baseball till late last night And then had to leave early this morning So I didn't get down there to put your blind back up So I had my My guy down there I just saw your picture Yeah So I'll go check it when I get home To make sure it's all good It's actually one of my worst Blind All three of my three good ones Are in Nebraska So actually I'm gonna take that down And put a better one up It's not the same one from last year No I would think Cessia That that would only be on an opening order That has to be reviewed But who knows Alright so here's my little profit bubble Really ideally Right here Between 25 and 30 is My sweet spot At the money butterflies still cheap Still only trading for about 80 cents Or less I haven't been trading the The two fives on Wednesdays Really a fan of them I think I'm just gonna take them off my plan Got a high win rate Trunch two up 28% Trunch two 40% Changed to $3 Use A little bit of up move it I guess it didn't hear me I said up move it Currently at about 27 Alright there's your up move I need to get back down now Should be getting close to 20% aren't ya Yeah 40 cents Tomorrow is Thursday Got unemployment claims And Philly fed manufacturing pre-market And then we've got Everybody's favorite A slew of FOMC Speakers one at 805 One at 815 Existing home sales At 9am At 10am And then Bostick Ooh Bostick going double time 445 Bowman's got a double Double double as well Due to deliver a pre-recorded Opening remarks at the New York Fed Regional Community Banking Conference And then Due to participate in a virtual Fireside chat at the Securities Industry and Financial Markets Association We got paid like half price for doing the pre-recorded Version It just looks like it wants to go To loads of day Hope I'm wrong Exactly pre-recorded Messages it makes me nervous Gonna be a lot of thought that goes into that So close to hitting 40% down here And that bounced I'm 10 cents away Come on in hit me Vicks dipping below 18 There we go Now aren't you glad I talked to you into that Yes I am You must have some crazy positions going on Ken You confused them They can't even figure out what you have on My 1-2 is up almost Right around 5% Trunch 2 is up 22% Trunch 3 is up 27% I need it right back down About 4 points I'll be able to hit my 40% on both of those Close to 40% Now stop right there Pause, there we go Trunch 2 needs to go to $3 trail Trunch 3 is at 33% Getting close Trunch 1 and 2 Have locked in a profit Trunch 3 is getting close to being locked down A little under 20 minutes to go And it looks like it wants lows of day It's kind of what I've been saying But I don't know if it's going to hold off maybe Vicks creeping back up Trunch 3 at 38% Getting close There it is Reducing stop on Trunch 3 Everything locked Profits locked in but Still prefer some Calm price action There's my 40% Thank you to that bounce Yet the money butterflies only trading for a dollar With 17 minutes to go Alright calm down little buddy Stopped for a profit on What was that Trunch 2 stopped for a profit Still got Trunch 1 and 3 Now this power hour trade Has definitely helped my red day Still going to be red Well it's like that 20 to 30 range here in power hour Yeah just can just stay right there If it does that I'll just let my money Power hour expire Yeah between 25 and 35 Is Pin for me For my remaining 2 And the new blind I'm going to put up Just arrived at my doorstep You go bump your head and come back down That's far enough Trunch 3 is trading at 5 bucks My A stops at 6 bucks And it's getting stopped It's far enough It's far enough Just a peaceful ending to the day No it's at 6 Closed to getting stopped for a profit on Trunch 3 If it goes much higher I don't I think C.S. reports that the house Could only give 5,000 more time To sell a TikTok MOC number in 2 minutes Giving it a push Trying to stop out my Trunch 3 Stopped on Trunch 3 for a profit So just Trunch 1 left Anywhere between 25 And 45 I'm back down to 50, 30 And then I let mine expire Alright listen in for MOC number In about 15 seconds 860 million sell side Ah boy Now sit right there It's far enough right there Yep Need to hold above 25 for a pin It can be anywhere between 20 And 35 35 for my pin No Mahomes for me It's too cheap I'm sure Madame Butterfly will scratch out a win But still trading for a dollar 60 We can get a Trunch 1 pin It'll be good for about 2200 Trunch 3 Stopped out for plus 490 Trunch 2 for plus 340 Nice Tom 6 minutes to go It's far enough up It's Beautiful Man Lesser's a 10 point move It's gonna expire worthless Stay above 25 At the money Butterfly might be filled For 2 bucks With 3 minutes to go Stay Yep stop Dip and blow 25 Where's your short put? Are you at 25 too? Yeah Yeah No I'm at 20 Sorry Okay It's hanging on to the 25 We need an early bell Hanging around 26 Just over a minute Check your heart rate Ken 26 With 20 seconds Dip and blow 25 Oh boy Get back up there Nice job Michael Todd Get back up there Just couldn't give me the pin Yeah as long as it's about 20 I'm good Just couldn't give me the pin Settling at 22.18 So still good For about a little over 1600 Alright my friends Good day overall Let's see Livestream tomorrow is Thursday so Chad will be streaming live in the morning for Mighty 90 and Runners and we'll be back for Power Hour Alright all take care Have a good night, cheers