 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 Let's go trade and have success Find 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 What's up everyone, welcome to Power Hour Live Friday, September 29th, the last power hour of the month Let's make it a good one Alright, so only zero DTE trade I made today was the reverse iron condor this morning Took four of my five off at 30%, still holding one runner Which is doing well, so I'm going to let that continue to run a little bit As for power hour, looks like 15 wide maybe 15 wide strangle for trunch number one, I like it Maybe possibly 20, depending on where we settle Right now it's 15, either way I got to buy some longs Got my longs locked in, make sure I got my template set up Trunch one 15 wide, yeah Price pushes up a little bit, could have a 20 Glad you like it PT, glad you like it It's a good way to end the day Did anyone do any other zero DTE trades besides Rick? Looks like a late day, about noon would have worked well Selling premium, just been kind of chopping since then But that is of course in hindsight Still looking like the 90, 75s I'll give it another minute before I enter Pushes up, could be the 95, 75s Looks like we may have the 95, 75s for 20 wide I'm going to go ahead and enter Trying to get filled at 680, 95 calls, 75 puts Filled at 670, 20 wide I like it We don't need hope, Kelvin, we got probabilities on our side, my friend May not be a winner today But we have probabilities on our side A little bounce here going since about 130 central Low tick of the day was 42.74.86 About 15 points off the lows I will be doing a 6.7 DTE and a 3.5 DTE I mentioned to somebody in the calendar chat Powell does speak on Monday, which is the short options But the way I look at this is with the 3.5 I kind of look at it like a 1.2 So even though the shorts are going to be going on Monday When Powell speaks It's kind of the day before or the trading session before So I'm going to do it I'm not going to go crazy I'm going to do kind of the lower end of my range as far as size goes But I'll still be doing it Oh, I'm sorry Monday's Kashkari speaks I was thinking, yeah, you're right So Thursday, Powell speaks After the market close Never mind, now I'm looking at this week Next week, let's bring this down here So everybody can keep me straight Yeah, Powell speaks Monday Yeah, so I'm just going to do it I'm going to do a 3.5 and a 6.7 A little rally going here Back up towards the lower end of the expected move for the day Tronch 1, my stops at 10.70 Currently already trading at 9 bucks Yeah, Powell speaks at 10 a.m. Central on Monday Also 9 a.m. ISM manufacturing PMI numbers Tuesday jolts Wednesday ADP non-farm Employment change and ISM services Thursday unemployment claims Friday, some more jobs data So news every day of the week The 95-75s It's not looking so hot Unless we get a little pullback here Yeah, I will not be trading any A.M. iron condors before his speech And stopped on Tronch 1 Well, that was fun, fast and furious Gotta leave it up to Tronch 2 and 3 And we still got about 14 minutes before Tronch 1 Or Tronch 2 Yeah, so as I was saying So on Monday I won't be I won't be trading zero DTE unless a Rick sets up I'll do that, but I'm not going to be doing my normal A.M. ratio Iron Condor or anything Right before Jay Powell and his buddies take the stand I got in at 6.70 Into the 95-75s The internet problem may have benefited you today, Dick K Our ES hedgehog continued to do Nice That off probably late next week Rolled down some calls in MES Rolled down some calls in soybeans Our VXX trade was up Really nicely, still up 750 On that one, and then the first one we did Down about 350 Almost 400 And S&Ps just slightly red now NASDAQ is green Russell down 8 Dow down 140, 150 And I've got a lot of work this weekend To get my trades up to date Since Toss won't let me export I probably won't get out the monthly Monthly update until early next week But I'll be working on it a little bit I'm going to be out of town this weekend So I should have some time Sunday And SPX coming back down Yeah, and I've got to PT, I've got to Update my trade plan as well This weekend Nothing, definitely no major changes Maybe a couple little tweaks here and there Though I haven't I've got a kind of a list of things I want to just evaluate a little bit deeper Before I Put out my October plan But not too much different We're going to do a live Webinar with the developer of Tradehawk, which is part of Tradier So that's on October 12 We'll put out more information about Getting signed up and but it's After the market closes October 12 I think that's a Thursday So you can mark your calendars for that But it's not it's not really Ready for zero DTE in my opinion I mean they're still building out Their OCO orders and things like that But I've been trading on it for I mean it's good for like calendars and butterflies And kind of non non zero DTE type trades Our single put calendar in SPX is up about Looks like about 4 4 to 500 Let's see what we get into that one for 315 It's trading at 365 So it's trading trading over 10% Might consider getting out of that one for End of day I'll put in an order at 375 for now Actually that's well over I'll do that after After Trunch 2 I've also got to put in my 6-7 Here's my reminder Filled on my 6-7 Just posted that in the calendars Alright for Trunch 2 I can reuse my longs That's the good news A few more Alright so 3 bucks So we got 10 20 wide 20 wide again See if it's enough for Trunch 2 Give it a couple minutes Alright one minute here Looks like the 4305s 4285s 4305s 4285s 4285s For Trunch 2 4305s 4905s 4305s 4285s Alright so going back to that put calendar In SPX I'll try to Close that here I get out at 65 That'd be 50 Divided by 315 About 15% So I'll keep that order at 365 About 10 or 15 minutes Before the market closes I'll put on a 3-5 DTE So I didn't Get any response on my Run Ricky Run Boys in the Hood meme Which means one of two things Either Nobody else in the community thinks that Boys in the Hood Was one of the greatest movies of all time Or You thought it was a little Inappropriate for my Rick Runner Not sure which Anyone could clarify for me That'd help me out Never heard of Boys in the Hood Wuga Are you a communist? Are you an American? Well there's something for you to do over the weekend Great American classic PT you with me? Alright I got one I got one trade hacker with me on that one That's all I needed There you go Davis Produced by Ice Cube at the ripe young age Of like 19 I think Alright a few minutes until Trunch 3 Dick K you're still in Trunch 1 too Still in Trunch 1 also Nice Yeah if we had gotten in about Five minutes later Pretty solid Gotta buy some longs for Trunch 3 Where was that price Stopped going down Are you bragging about your fibs again? I don't think I quite got to your fibs So does that count? Like if it doesn't Get like within Three points does that really count? This little wiki Right here at the 130 mark Alright Trunch Number 3 Looks like It's going to be the 05s And the 80s 25 wide I don't have a 25 wide template set up I don't believe I'm going to have to create some new templates If this VIX is going to stay Pumped for us Looks like it might be the 4300s Alright 4300 4280 4300 calls 4280 puts Filled at 475 Alright so anywhere between 4285 and 4300 VIX poking his head outside the Bollinger bands today We got an up Monday Fill us in I'm doing a 3-5 Let's see 3-7s would be So the Monday, Friday Yeah I mean I don't see anything wrong with it I just I'm not necessarily looking to load up on the 3-day options with Fed Powell speaking I'm going A little lighter If Powell was speaking on Friday There wasn't much going on Monday I would definitely consider it And he doesn't speak till 10am So we're going to be out of the trade But I'm just thinking Those short options may Keep their value You know Supposed to decaying as much as they normally Would So I'm still going to do a 3-5 Smaller size Inside the Bollinger bands that's too bad And we'll bounce Right back to center Let's see if whole SPX wants to give me a chance To take one to the bell today My SPX calendar Is not filling at 365 Looks like it's trading back down around 355 or 350 now Might get filled though It's popping back up Looks like Dick K is hanging out in the Mindset Live channel by himself Dick K are you waiting for somebody Just hanging out Trying to Get some mental good vibes Maybe he's gone I do that too I hear you Get your head on straight now That's good That's what you need to do If you ever need to clear your mind Just go into the Mindset Live channel by yourself Speaking of Mindset Live Trader Bianca We haven't had one in a while I know My Aftermarket Schedule is just not Not great so We will Have to figure that out Might be able to do one here in a couple of weeks Dick K is doing a 5-7 3-6 3-5 6-7 3-7 Yes Ken that's true But you got to remember Dick K is a machine So he can do things That the normal human Cannot We could use a couple of points up here Keep our head above 4285 MRP I'm no longer trading on a Mac so I don't see that personally I have my Mac I have my PC with my monitors Which is what I've been doing Everything on now I have my Mac setup right next to it I thought I'd Still use my Mac quite a bit And I've Barely touched it since I got my PC I do, yeah I do like it So far so good Oh nice thanks for sharing Laura I've got a little something coming with Jared Tindler in the near future as well So what I've, I just I actually just spoke to him yesterday So what I plan to do Is I am going to do some Coaching sessions with him where he's coaching me And I'm going to Record it and just Share it with you all So Hopefully you can find some value in that A kind of see his See how he coaches people and Go a little deeper on kind of Him getting into My mind so hopefully you guys Get some value from that So Trunch 2 got in at Where did I get into Trunch 2 at $5.95 So I'll reduce at $3.60 Currently trading at $3.85 $4.10 $3. There it is Alright so reducing my stop on Trunch 2 20 minutes till the bell $6.07 Double calendar I just I'm not too long ago Was already up nicely It's a quick little pop I think that's how it works Ken Yeah Trunch 2 is trading at $4.60 $4.90 Reduced my stop to $5.60 So I can't take too much Of a move lower on Trunch 2 After reducing my stop I'm going to need to bounce here On Trunch 2 Trading at $5. Stopped at $5.60 Trunch 3 Is trading down to $3.10 Alright so I'm going to go ahead And get my $3.5 on Alright just posted my $3.5 In the calendar channel No Mirage I don't change my stop for Trunch 3 Just one and two Alright there's a nice little bounce Let's go about 13 minutes till the bell My single SPX calendar Looks like it's hitting the order Not filled yet I'm going to adjust that to $3.60 See if we can get filled here There we go filled at $3.60 A little over 14% Alright Trunch number 2 Is trading at $2.00 Trunch number 3 is trading at $1.50 Alright Right in the middle 10 minutes to go Heart rate currently $87 I'm getting a little bounce here Bounce off that expected move area Let's go down a little bit now boys and girls Just a little bit Let's just stay right under $4.300 Trunch 3 stops at $7.75 That one's currently trading at about $5 Alright I'm definitely going to take Trunch 2 to the bell Trunch 3 is trading back down Under $2.00 It's got the $4.300 calls Let's see if this one wants To creep down Let me just hold them both Heart rate $91 Close to the Trunch 2 lower strike Oh boy, what a reversal Look at that 4 minutes to go I need above $85 Heart rate $95 I love the heart rate game Alright there we go Come on Come on little buddy 3 minutes to go Stay right to here Ooh heart rate $102 $104 It is getting to me a little bit Look at that swing $03 to $82 Quite a little range Heart rate back down to $95 The more centered The lower my heart rate Oh wait back up to $102 Oh man I forgot to lower it Ah darn it So I got at $0.45 Trunch 2 Trunch 3 Still in Trunch 2 I just as I was starting to lower I forgot I was starting to lower My order on Trunch 3 Realized it Trunch 2 got hit less than a minute Just hold above $85 25 seconds 5 4 3 2 Nice Alright so I lost About $4,000 on Trunch 1 And then made almost $16,000 On 2 and 3 So net Got a $12k power hour I'll take it Give away that $0.45 on Trunch 2 Alright nice job guys Good stuff So I gotta put the Livestream calendar out for I haven't done that yet So I'll get that done here shortly But everyone have a Fantastic weekend And we'll be back trading in October Next week Alright all take care Have a good one