 It's the 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 raid We follow the plan, that's how we get paid Test and trade, have success Find what works for you and forget the rest Stats and probabilities is what we're a dismiss Greed and doubt, focus on the process Not the money and the profits We'll flow like honey, power our lives Let's start the show, come on trade hackers Get ready to go, zero date options Time to make bank, get locked and loaded Then be ready to play A little bit green, 10 year yield down about a half percent Oil down a half percent, natty gas slightly red Grains are all red, euro and the pound Pretty flat, bitcoin down 1% Redded about 70,000 VIX in the 12 handle, 12.87 Down about 2.5% on the day Another quiet day which is beautiful For zero DTE, unfortunately I did not take Quite the advantage that I did yesterday But still, pretty good My challenge portfolio No stopouts, I've got my one DTE I've got my two re-entries Up about 7400 in that account And then in my other account I did four different price action trades Up about 4,000 in that one And What was I going to say about that? Oh, well, here's what I'm still in Got a couple contracts on this one 3035's got one contract left On the 4025's And then on my re-entries Got half left Need a little bounce there to get center My three two Just left of center My one DTE Need a little bounce as well 45% on my one DTE would be at 620 It's trading at 750, so a little bounce A little more contraction in IV would get that one Let's see, Chad, are you with us today? Chad doesn't look like he's on you Just me again, my friends, just me again A lot to talk about today Actually not really, there's no premium So no power hour trade for me Chad's still out there gobbling Although I thought I saw him trading today Getting a little bounce back up to 28, 29 What else did I do today? So let's see I just realized that my SMH got hit And I did not see it Must have happened when I stepped away So let me post that right quick When did that happen? Born new, okay Give me a second, let me post that The option selling channel Okay, so I closed that, we booked 30% on that Didn't hold it to 50 because we only had it on for about a week So out of that one Added a new time fly today Which is this one here In the April 19, April 22 By the way, if you haven't heard The TOS analyzed screen is having a little issues Displaying P&L on diagonals So it looked like I was up 700 bucks As soon as I put it on, but that's obviously not the case I also got my NDX trade on It is just left of center I added another hedgehog in Nasdaq Futures Just put that on today Got a couple in ES I added a 1-2 DTE double calendar Very small, again not doing well Short, holiday week I just need to not trade those at all during holiday weeks I mean, I went pretty small But just not really a reason They just don't have the punch that they do normally On my last couple price actions One's trading at 380, I've got an order to close at 270 My last contract in this one I've got an order at $1, trading at $1.30 The at the money butterfly Already trading for $1.50 So my homes might have some action today I need about another dollar to come out of my 1DTE To hit profit target My 1-1 is trading at $1.20 I've got my profit target at $0.65 to close at My 3-2 is trading at $1.62 I've got my profit target at $1.00 on that So we bounce up a little bit more, should hit What I do is I'll go back to the back tester And if it's two basis points away from the criteria Chris, then I'll back test it to see if that Makes any kind of a substantial difference And if it doesn't, I'll go with it Today, like today I should have gotten in my quiet tranches But I didn't So I missed out on those because The filter was messed up on the bot And I didn't even think about those until It was too late And I was already in some price action one So I just skipped it Yeah, if it's close I always just check before it's about to fire And if it's close, then I'll make that decision I don't know if there's really a Better way than that to do it Yeah, so I missed out on my quiet tranches As well So that's unfortunate But it could have worked the other way too I mean, ideally I'd like to just Have the bots Fire based on the criteria They don't fire Criteria wasn't met The issue is some of these little Quarks the bots have been having lately Pretty frustrating Like this morning when nothing fired Had to enter everything manually I know Jordan Trades Stewards frustrated as well And he's hearing about it So hopefully that gets fixed It's happening too often If it happens two or three times a week That's just ridiculous Low of 25, high of 35 10 point range all day ES futures traded Only 666,000 Yeah, just super, super light Most of needing to roll puts up in our MES strangle 87 day one got in it 34, just under 17 So I'm going to give it till tomorrow If we hold around here or push up I'll roll puts up there Yeah, Feesh, what I've done is I've created Toss OCO templates So that in that case I can easily Go in and just kick them in Which is what I did this morning So yeah, it's frustrating though I probably would have made more in my Challenge portfolio because I just I didn't Get exact position size Per my compounding Like the bot would have taken I went in a little bit lighter Than the bot probably would have So I missed out on some money there So that was That's really the main thing For me today I got everything on but it's a little Lighter, I could use one more little bounce Get out of everything And then Market can do it every once I mean look at the daily chart These last two days have just been Little specs Especially today Barely see any tails on that day Yeah the My homes is looking good I did get in a couple Some 30's And some 25's at a buck 30 each See where those are at later See if I need to Wiggle my way out of that one And then Those are in my tradier account So I'm waiting for Waiting for the rest of my Price action reentry trades to come off To free up my strikes here And toss to do the End of day one What is magic my homes? Gonzalo come on Where you been my friend No it's a It's an end of day strategy You can check it out in the It's located in the zero DTE Courses It's basically an end of day short Butterfly That can magically Be morphed Into it Basically a vertical spread DRB overnight So VIX overnight Moved down max 0.25 Basically we just don't want VIX to contract Too much for that Criteria to Work out One more little 5-point bounce That's all I need That's it just a little baby 5-pointer Dick K are you on here today? Here he is Did you uh did you get in your quiet Quiet tranches? Yeah I had to manually do my NDX As well I had to manually do all my trades My two re-entries In my Challenge portfolio, my 1DTE My NDX Everything So the criteria was Just out of range And then by the time I realized it It was too late So I didn't manually fire mine SPX gapped 0.2% I think Trade Steward had it at 0.25 Maybe Trade Steward had it at 0.24 Yeah so officially On the toss indicator anyway it was 0.2 Trade Steward had 0.24 Looking for $1 on my $25.40s it's at $1.35 My $30.35 is looking for $2.70 It's at $3.80 Still need a little more upside At the money $30 fly $30.60 Tronche 2 Going for Tronche 2 you can get inverted Right now Pick a straddle Pick a straddle and you straddle Did you guys skip your calendar Decade you do your calendars Friday Or the 1, 2, 1, 3 the last couple days It's just not worth it On these holiday weeks man I did reduce size significantly But it just passed The 4, 5 did good The 1, 2 and 1, 3 that I took off this morning Were basically a scratch One lost a little bit In other news I did have a Delicious Ahi tuna steak for lunch today Seared For perfection So that was good That was probably the highlight of my day I am the NT staff Chef Ken Wuga didn't fire because Well I don't know Actually I had conflicting strikes So that was the activity that I saw That it may not have qualified with the low premiums Which I don't I mean that's kind of the way that I play wuga anyway Is I If I have no conflicting strikes I'll do it and if it's not an update I'll do it So that doesn't matter too much to me But yeah That's the thing with that one Wits are so tight It's tough not to have Conflicting strikes if you're trading Multiple Strategies around the money I just I'm about to open Another account my wife's name So I can Free up some more SPX strikes baby I was going to do it on trader Until that It ran into that trade Steward issue I added it There's a link If you go to the trade plans channel It's right there He doesn't talk about it because it came after that But I posted a link To the back test there I mean if my kids were old enough To be allowed to trade options I'd open accounts in their names too I know the answer to that Alex Yeah as soon as my kids turn 18 They're going to have naked options Traded like crazy Multiple bot edit I have not Multiple bot edit I don't know if I've ever even seen that I see edit multiple bots Oh that's handy Yeah I picked two random ones in it There's a big warning so yeah But I'm like the tranching bots that would be perfect Huh See now Meach That's why we keep you around here buddy Every once in a while You come through with a little nugget like that And just completely redeem yourself You're trying to get something named after you You're trying I got to appreciate the effort I appreciate the effort That just doesn't roll off the tongue very well though Alright SPX at loads of day Big three point move lower We really kind of peeked at it At the top of that first five minute bar It's been basically all below that Already at a buck 80 In the 25 fly Meach if you find a trade We'll We'll name it the golden corral trade How about that There you go Golden shark Golden butterfly, golden corral AKA the Meach Yep that's right Kelvin Oh it's going to qualify We might be able to get in In about 10 or 15 minutes here If we're hanging around a strike Just start with a one lot So you You know Just understand which strikes you're using On the verticals that It's kind of confusing at first I would love a bounce up to 52.30 That would Get me out of everything Yeah I'll be doing it on toss Sometimes I have to do it in trade here Because I don't have any strikes available in toss But I will today Just not wanting to give me that little bounce is it By the way if you're just joining us today Obviously premiums are very low So not any new Power hour positions You can check my trade plan In the trade plans channel That's updated once a month I'll be updating that for April here in the next couple days I'll give you All the details of exactly how I Trade Zero DTE including power hour Just for my challenge portfolio I'm going to add a little bit of update Power hour in there Add that ratio Diagonal On FOMC days That's about it Yeah LaSosa like yesterday I I got in As soon as it was at two bucks And then it kind of hung around the same strike So I added some more at like two 30 Or something like that So that's What I'll probably try to do again today The issue with doing that Is if it runs away from that strike Then you're kind of stuck With a smaller position than you wanted The challenge is going awesome each The back test of my challenge Going back to May Got me Got me to 152 million And I'm outpacing The back test I should be at least at 200 million Account size In 18 months And when I add the update power hour to it It takes my back test up to 749 million Which means I'm really on pace For about a billion No it is going well though I Started doing it a little bit before March But March first was kind of my Official Official date and the account value So the starting I was trying to start the account at 100, oh jeez I just got stopped out of something Flush So I got stopped out of my remaining price Actions, got stopped out of my Remaining I still got this one on Stopped out of my remaining re-entries Still got my 3-2 on Stopped out of my 1-1 Vix spiked up to 13 Little fleshy flush Let's see what that pumped up These butterflies to 20 is now at $1.50 In my trader account here 25 calls $1.60 So this isn't The end of Dayma Homes Thing but just to kind of give you a little bit more Into this This is what I did in my trader account When I was trading at $30 I got into A short butterfly For $1.30 I moved down to $25 Sold those for $1.30 For $1.60 So now I've collected A total of $3 Or $4.20 So I've only got $80 of risk here If it goes down to one more strike I'll have zero risk with a free shot So I'm going to put an order on the $15 For $1.60 for now Still coming down Still in my last remaining 3-2 Right at yesterday's close So I just got filled On the $15 So just got stopped out of those So I'm in no more re-entry So I still have my $1.00 DTE Which is not doing so hot as it was In fact it's basically a break even now In the red tiny bit I still look a profit if we bounce But it's Very close to profit target So here's what I've done So Let's see I don't have the time stamps On these but Basically when I was trading up here Around $30 around this area I sold some $30 Flies $30 is the mid-strike For $1.30 Came down to $25 Sold some $25s for $1.30 Came down to $20 Sold the $20s for $1.60 Came down to $15 Or close to it Sold the $15s for $1.60 So now I've got My worst case scenario is I could make $400 Because I've collected over $5 in credit And I've got a free shot if this thing really moves Up to I did a 5 lot of needs so I could make up to $2,900 if we Fall big or bounce big Cody sometimes it depends Like sometimes I'll start Layering in at a buck If you get a dollar credit though You've got to cover 5 different strikes To get to that $5 credit In this case I Was getting a $30, $30, $60, $60 So I was able to Do it across 4 strikes And have a free shot It's the same concept as the Mahomes Calvin it's just starting a little bit earlier And layering in at different strikes As opposed to just waiting for the one At the end of the day So I have those in my trader account So I'll do my one end of day One here in toss $15 is currently selling For $1.50 I mean that big movement Kind of pumped up Pumped or Reduced the credit so Now we'll see if we can even get $2 Of course it's in between strikes Once it gets towards $20 or $15 I have a better idea of what it's trading for So I just got to remember To close out my one DTE Since it's not bodied So I've got about 21 minutes to go 11 minutes Until the MOC number We get a Fed head say something What happened? It just needed to move Been cooped up for too long For two days it had been cooped up Had to move 15s are selling for about $1.60 Maybe $70 Kind of settle down here for a minute The next 10 minutes NDX pushed out a range on that move Alright so we need to get To either $20 or $15 The next 7 minutes To give us a shot I don't think it's going to be trading at $2 now But we'll see So what I was saying about my Challenge portfolio before I got rudely interrupted By SPX and that flush Is Yeah so I was trying to Start the challenge portfolio At I took some money out of the account I was trying to start at about $130,000 And then through And so I was like Instead of taking more out I'll just leave it So my official starting balance At the first of March was $141,000 And now it's at $199,000 It was over $200,000 Until just about 10 minutes ago I haven't compared that to the back test yet But Yeah just in March So the 15 fly trading for about $1.80 So my percent Allocation was Look at the SPX still coming down About to hit the expected move to the downside My allocation was So I was going to do A reentry just using 50% of the buying power but I decided to Split it up so I'm doing 25% In the 3-2, 25% in the 1-1 15% In the 1DTE and 3% Into Early RIC and 3% in the late RIC And the 52-11 bouncing back Up a little bit about 15 minutes to go 15 fly Only trading for $1.70, $80 At the MOC number Here in about 3.5 minutes VIX up to 13.25 You know we're in low volatility when you say the VIX UP To 13.25 At a little over a minute It's not going to get there Still coming down So no more homes but my other flies are doing good It's not doing good for my 1DTE though MOC number in about 40 seconds MOC should be coming out here Shortly $4.9 billion sell side So I'm going short $4.9 billion sell side Yeah it sure looked like that one It was anticipated isn't it Well my 1DTE was Almost a profit target now it's going to be red Close it out here in about 4 minutes We need somebody to get the inside track On this MOC number before it comes out Elliot You got any connections Nancy's got the number Nancy definitely has the number Nancy got the number about 10 minutes ago Maybe 30 minutes ago I'm going to get out of my 1DTE Still green in my challenge portfolio But I was really green Do I have any puts that are worth anything? Nope Yeah I'm still holding my MOC I have seen quite a few times where it It's been a few minutes but After a flush like that I'm not super confident we're going to get lower But continue to hold My butterflies expired right here I'd make about $2400 Alright let's get one more flush Why stop here One more 10 point flush $5210 butterflies trading at $250 You think we still got a 5 point move in us Coming down baby Let's go My 10 MOC Futures just take some profits off here I'll leave the remaining 4 into the close Took it off too soon look at that Wow Took it off about 10 seconds too soon Look at that little baby run My butterflies are now our 2900 max profit If we stop here And don't bounce What time did you get into your butterfly madam? Did you get in for $2? You could have got in right when I was talking about it for $250 Alright A little over a minute See one more little flush for my futures $5205 Come on down Just melt Melt into the close I'm out at $65 Alright so MOC and the butterflies helped Green in my portfolio Challenge account But not as green Alright all Tomorrow is a new day Tomorrow is the 27th So we'll be streaming for 0DTE at the open And for power hour Alright all take care Have a good night Cheers