 What is up everyone? Happy Friday. Welcome to Friday power hour. So I'm currently still have my lunchtime number two on and so I'm not putting on a power hour yet because I'm not overlapping strikes But if I would If I didn't have a position on right now, I would do the 4840s and the 4835s probably 4845s just don't give me enough premium on the call side So I'm hoping we get a little bit of price movement one way or the other here so I can get on a power hour Trade I considered the 4845s with the 4840s Which would give me a like I talked it earlier a little skewed to the upside but I Don't know and I know if it's gonna I Don't know if it's gonna continue higher. It's pushed up all day again kind of a second day in a row of just not ideal price movement for Delta neutral like this So again, if you're Getting a scratch day or a little bit of a green day. It's an awesome thing So I've gotten out of 20% of my Lunchtime number two and so to shed a couple more contracts. It needs to come down. I got an order at 305 It's prices at 390 right now. So it needs Come down or theta needs to decay quicker. Yeah, if you got a scratch day on a daylight today, man That's great. Okay. So it looks like price is coming down a little bit here Really don't want to okay so I'm gonna look at the 3530s see what I get for that 30 points wide Now I'm gonna hold off for a second 48 40s in the 48 30s would be good if you didn't have a position or the 48 35s 48 30s You want really so I'm kind of looking at I'm kind of looking at the 4835s 48 30s can get my analyze tab to work and I can take a peek at this Let's kind of hope and we just get some chop here think her swim is running really slow Jesus Mom I hate to lose out on theta decay because of slow broker What a crazy update though Alright, so I just got filled on my 48 35s 48 30s Power hour number one Big good premium there. I might have messed up my I messed up my longs Sometimes when I start my zoom man, everything just runs slow Yeah, I need to get a Mac So I got filled at seven was it 25? And so my OCO would be 580 would be my target and a plus four Remembering I'm not going my trailing stomp is not bigger than a Than four Yeah Probably just need I probably do need to upgrade. I've been using this laptop since 2019 so Definitely do so fingers crossed here we don't get a rip up Well, I got two boys One will turn 16 in May One turns 15 in March So there's some costs that are coming with them getting over and that's for sure Also gaming laptops. They must be the must be the thing The new thing now instead of the gaming desktop. Yeah, kids are expensive All right S&P you've been chopping and chopping so just stop going up and up Get your little butt back down here. How about Roku? As in a mighty 90s Roku. I told deox in the lives or in the livestream this morning. It's like I bet Roku When it was way down here, I was like, I bet it goes through highs of day before the day is over. Sure enough I don't even know what's really pushing the market Today so I've got a lunchtime two and a power hour one So may not I'm not going to put on a power hour two unless one of these I get unless I let them load one of these Being close to hitting my uh 40 on lunchtime Meta pushing through highs. I actually had some calls in meta to get rid of those Stay right there S&P man Meta through highs of day So I could have held those calls a little bit longer too I'd like to see right now. I would like to see uh I'd like to see the S&P stop it about I'd like to see it come down And let's just let's just hang at about 48 35 right in there 48 33. How about that? It doesn't look like it's going too folks Pretty tough day And I could just see you get pushed right back down to this pivot There goes the Nasdaq Through highs of day I mean at this point Let's just fill those calls up Unreal yes, I should have left my calls on Kind of learned something here, you know leaving those calls on for my one of my from one of my am trades Probably would have been beneficial today Yeah, you know, I thought we were going to get a pullback here those first first few weeks of the For at least first couple weeks of January Man, it didn't take long to make up everything that came, you know from market coming down at the beginning of the year I mean it came down first 10 days and man, it's just Ripped right up past it. Look at the Dow man. It's just chopping Let's get some action like the Dow right now 25 cents. Okay, so It does take a pretty big move to Make them valuable, but 25 cents. It's not bad for the fate of the K throughout the day If it can just come down to this pivot and just hang there I like how the Dow is just hanging right on this pivot Yeah, that's true. Wuga It's been a slow grind up. Hey, yeah, that's That's when they that's when they really start helping you out You know, uh, when you have a couple of those positions on, you know, you got a couple mornings If you got a couple morning am's and you got any get to move like that. So, you know, I may have fun doing six or eight contracts, you know, I may have 12 to 16 calls on if it was to move like that Of 60 points That's when it really helps And vice versa when it goes down So I've still got I got two positions on and they're Two points out of the money on both sides. So I'm not adding anything and I'm adding a number two Every time you think maybe it's gonna pause and come down a little bit. It starts to creep back up Think about it. If it does come down, man, it'll hit those profit targets fast I mean, I'm still setting pretty good on my lunchtime too. It's Still with in the short strikes So I got a lot of premium left in those babies Nice, that's your power hour number one there, Michael. It's a good feeling to get 20 man Really is I'm just not gonna say anything at all right now Just not gonna say anything Go theta go go theta go I wonder when Steve gets back Missed that crusty old cut If I didn't have a lunchtime saw and I probably would have added a Power hour number two by now, man, we need some theta to come our way at lunchtime number two math I figure the theta Be helping me more than what it is Chris don't jinx it, man Need some theta decay, please need some theta decay Need some theta decay What's that Elliott you guys put on some calendars today? Hey nice Hey, there's a fill 40% lunchtime number two to 90 And so that was five ten So I do my do my calculation. This is a lunchtime one remember so 25 is profit target I'm gonna go ahead and take two of my three off and on the next profit target Just so I won't be in this if it does some Unky stuff at the end of the day so 2.05 My trailing stop is 75 of 290 So that's 220 Just need a little bit more down to hit my 20% on power hour So still no still no opening for me. Anyway for me for a power hour number two I mean, it depends what my other positions if I had another position that was testing one side that I would But if I still had a position that was somewhat centered then I wouldn't Yeah, no, I thought I should have too. I should have gotten it too. Let me see where I'm at Yeah, it's right at it right now Yeah, it's at 580 and I have the Again, this is doing this to me. I had 580 As my 20% and it's at 550 with no fill I think sometimes It's been doing this, you know when it comes down quicker It's like it just misses your I don't know I would suspect it to hit at any point now. There we go So looks like I got both fills Yep, so So lunchtime number two hit 60 percent And power hour number one Hit 20% Okay So I need to do my oco So 7.25 times the 60 the 40 target would be 435 So that's this is That's above That's above four. So I'm still going to use a four A plus four trailing stops. Yeah, I do that even though it's my 40 target because I got a good fill on my on my premium So I'll close two more at 435. I will keep my trailing stop at four Okay, and then so my last So my lunchtime my lunchtime number Two has one of one of 10 contracts left So I'm going to go ahead and put that at I'll just put that at a dollar Again, this doesn't really matter now because It's only one left price is currently at 225 So I'll see if I can squeeze a little more out of this with faded decay I'll just put it at a dollar. I probably could let it expire. It's still sitting between the short strikes pretty good In fact, I'm going to put it at like 0.5 So a 50 cent price with a trailing stop of I'll just say 1.9 Again when it gets to this point like does it really matter? So still no power hour number two for me just based on my strikes Now if I wanted to though, I could I could probably close out the 48 40 calls that I have for my lunch hour Number two, but still they're only worth a buck 40. So I still wouldn't get it in a power hour too. So I'm just gonna Roll with what I've got I got a green day going so Thanks to power hour So I just don't think I'm gonna jeopardize my green day with another So I would have been Five trades today for me, which is you know five or six typically What was that that just got filled? That's weird I got oh I got filled at a buck 80 on my last contract of number two So I guess maybe if you're sent if I'm centered like that, I guess I just need to Make my trailing stop be a little bit more Which is fine. Actually what happens is I end up booking about 90% profit even though it got stopped because I had a 290 Fill for 60 And then I just got filled for a buck 80 even though I probably could have got taken that one to the bell Again, doesn't really matter. Okay, so minus 195 and then I had a Fill at 180. It's a nice $2,000 profit on that one. So Man, I could probably take a Man I could probably take a number Our our two here with the 48 40s and 35s Ah Yeah premiums only 440 So yeah, I'm not gonna get it five It's always five so Would have to take the straddle 48 40 Which would give me 675 48 40 straddle 30 points wide This tab has not been working Kind of like the straddle though I don't think it wants to fill me though. I haven't ordered in at 675 weird man No bidders just gonna cancel it I did like it Not get a fill. It's not as hard to get fills this time of day obviously All right filled at 695 on the 48 40 straddle I went 20 points wide 48 40 for power hour number two Let me get my oco in since things move so quick and then I'll post it But it's 48 40 and it's 20 points wide 555 would be profit target number one trailing stop again would be four again All right, so let me post this in there So no crazy moves here s and p just kind of sit where you're at My pinhead for that straddle would be 48 obviously 48 40 Definitely a good can't complain about this power hour price movement when you're looking at, you know What I do here kind of what I was hoping it would do after this slow grind up So 48 40 is where I need it Straddle and about 48 35 So if they can finish somewhere between 48 35 and 48 40 Yeah, uh, wuga it sure it sure makes you feel better when you hit at least one profit target I mean if you could hit that 20 percent I think if it settles about 48 36 37 I'm going to be pretty good with both mining power hours. That's straddle and if it can Stay up there Straddle's one I really want to hit 555 Needs to come up a little bit Don't go back down you sucker After what you've been doing all day Set in 435 for my 40 percent on power hour one 435 and come on come on Don't do this to me now You little sucker S&P 500 it goes down it helps one if it goes up it helps the other So let's just meet in the middle wonder steve's trading You know steve's trading power hour, man You just know he is I can't resist Hold on there s&p What are we out here 240? All right, I need to get filled on this straddle to make my make my life feel better It's a 640. I got filled a 695 And my 20 percent is at 5 55 Don't you come down a little more anymore you little rat Although it will help my power hour number one if it comes down We got big plans this weekend big nfl games go chiefs Chiefs over the bills Time for patrick mahomes to end Josh Allen season again Anybody still got football teams in the playoffs? Hopefully see some more taylor swift this weekend. Sure you guys all love that Seattle, okay I mean, I always tell people You know case can't sit with taylor swift and travis kelsey can cities the new hollywood 49ers all right. Yeah Steve and I went to the super bowl in 2020 when the Chiefs beat the 49ers For their first super bowl in 50 years. That was an incredible experience nice So that's power hour number one Reinhardt power hour. Is that power hour number one hit 40? Or is that a lunchtime one? I got a lot of theta left in this straddle. It's gonna they don't got much time left 60 Nice I'm still waiting for 40 percent on my power hour number one I think feta decays quicker on michael's Computer than mine It's exactly though what you kind of want to see in a power hour I need a power hour hit on 40 percent on my number one I mean feta come on. This is where it's getting that 245 I don't want it to come down anymore really For my straddle I mean my straddle is a priority because I haven't hit 20 percent on it So need a bit of a bounce need a bounce Need a bounce Need a bounce Build it 385 To hit 40 power hour two So that was what? 385 power hour number two or number. I'm sorry. Yeah power Power number one. I'm sorry Okay, so 725 60 would be 290 So for my oco I'll close two more contracts So my trailing stop is 290. All right prices Where's my straddle at man? Come on. I still haven't hit my 20 percent on my straddle Man, it looked like it wanted to push up there to 4840 Yeah, that's kind of I've kind of noticed that's The way it is here when you get to these Last 10 15 minutes That's why I wish I would have hit my profit target on my straddle because If you're at a 20 percent at least At least you've booked some profits Got 12 minutes left And this my my power hour number two Has been on for I guess it's been 20 minutes Usually with theta decay and a straddle for on 20 minutes. You're hitting something A stop or a profit target You got filled on 20 wuga Okay Yeah, I should be hitting now i'm i'm i'm below my my straddle should be hitting any any second I'm below my 555 There we go Filled a 505 nice fill Okay, so that was 695 So 415 would be my next one I don't know if I even have time for it But I gotta get it in because I get to stop in So 415 is next target and four dollar Stop j trade Roku still going up So I feel a lot better, you know straddles make me nervous man. They kind of do when you're doing this I did like where The straddle fell in relation to my power hour number one and where that price was But this is a good power hour price movement 48 40 straddles when i'm i'm in So it's a pinhead at 48 40 Check the live stream next week and next week live stream So next week on monday I'll be doing the live stream in the morning And then I will be co-hosting with steve The afternoon power hour all next week Probably even the mornings too when he does zero dte That way you guys can Ask him questions. It's about what he does ask me questions. It's about what I do If I could just have price stop about Right here 48 36 just freeze Oh, no What are you doing pushing up? Get your little butt back down here Actually 48 40 is a pinhead Well, my straddle Is well below my price target and not filling There's something filled The straddle filled at 320 to close power hour two Hit 40 percent. So thank you straddle Much obliged So I would just set an order to close the rest of my straddle here. I don't know if it will or not. There's only three minutes left Only two contracts left So I've got an order on my straddle just to close everything out at $1.50 Nice job, michael. Todd. What's that p&l for the day michael? Man, I think it wants to get me a pinhead maybe not Guess it don't awesome Nice michael. Todd What about your tlc trades michael? There he is. There he is. I knew it And you I knew he was trading. I called it that guy You guys ever see that looney tunes? Uh, when uh, what is it? Uh, Sylvester stam here so that sylvester Yosemite sam. Here's the word bet. I mean, that's like steve bet Except trade michael's gotta count his chips Looks like i'm taking these to the bell. Maybe Yeah, there's the bell Bucks 65 on the straddle Nice All right. See you later la sosa. Nice job, elliot Kind of booyah. All right, let's see what I got here Let's check mine here. So Looks like it settled at a buck 70. Okay, so I had 695 At white tiger elliot 23k. Yeah, go buy a car Got rid of there and then I got a 320 Then a buck 70 for the rest Thank you for that straddle Yeah, so power hour did save us Today was a today was a tough day Up until power hour. That's why you just gotta keep the faith And keep with the progress Or the i'm not not progress but process Okay, so four thirty eight So five thousand nine hundred sixty six Ah, okay That's all right. Michael. You're green Okay, so my lunchtime number two Was a cool 2000. That's good And then I had a 25 41 And a 31 25 Oh, excuse me So let's take a look at the day And then I'll show you the week If you don't want to stay on with me, I'll post it but So because remember I track my trades based on am Lunchtime and power hour five and one Hey, man, if you could go five and one on a day like today That's good Proud of that All right, so let's check out Four the week here guys Which is four days of trading One two three four five six seven two Seven winners two losers for the am iron condors lunchtime one two three four four and two Five and three for lunchtime Thanks to the yesterday. I mean yesterday killed me with that speaker And then power hour one two three four six and oh and power hour. Okay folks Here we go Here is the results for the week Okay, so TLC trades for a week of January 15th 23 total trades 18 winners And five losers profit loss equals a plus 15 505 So there you go. If you want to take a look at you know for me like And you know, I'm done any patterns in terms of morning lunchtime and power hour So far for the month in uh with two weeks left or I guess a week and a half 42 and 12 Yeah, my power out my power hour last week week of january 8th was eight and one 13k But honestly last week I was 20 and four. So really every all three Time periods were fine. We're good. What I'm happy about though is like the last two days haven't been easy with price movement so All right guys I'll see you guys on monday. Catch you later. Have a good weekend go cheese Peace