 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 We're not here to gamble, we're here to trade We follow the plan, 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 play What's up everyone, happy October 3rd On a Tuesday Welcome to Power Hour Live Hope you are surviving The bloodbath S&P down 62, NASDAQ down 280 Russell down 30, Dow down 440 Golden silver, slightly red Notes and bonds down Ten-year yield up to 4.788 Oil slightly higher, natty gas up 4% Grains a little bit mixed Euro in the pound, slightly red Coin down a couple percent And the VIX above 20 How about that? 20.08, hit a high today of 20.48 Just in the 12 handle, just a short couple weeks ago All the way up above 20 So for zero DTE today, had a AM ratio That was a winner, had a DKS, that was a small winner And had a JSP, they got stopped out after the stop was reduced And then got smoked out of a duck So those are my zero DTE for the day So a little bit red coming into Power Hour And for Power Hour, looks like 5 or 10 point wide strangle for Tront 1 Hold right here, it'd be 10 wide Comes down, might be closer to 5 A little bounce off the bottom SPX, hit a low of 42.16 Back at 42.28 Elliot, I haven't updated my plan for October yet So I'm still doing the same From September, which is 10.16, 14 Need to buy some wongs here Got some puts left over there Got a little value in them I guess I'll just use those for now for Trunch Number one, so it's looking like the 3020s right now Give it another minute Alright, 3020s 30 calls, 20 puts Trying to get filled at 7.25 Filled at 7.25 on Trunch 1 We need some Power Hour pin action To end the day, I would I would certainly help Alright, so Trunch 1 got filled at 7.25 So 4.35 is what I'm looking for For Trunch 1 To reduce my stop So the market, no likey the jolts report That's what kind of sent this thing off I'm not sure what the report was Don't really care, but It was right at the time that that came out 9am central that this thing Started heading south Broke through the expected move for the day Came back up, touched it Rolled back over to new lows And now we're just kind of treading Hopefully it got it all out of its system I am in the 2030s, yep 10 years are exploding 4.79 TLT continuing to push Pushed to new lows, going back to Let's see, over 10 years Hope you got your mortgage locked in Boys and girls, we are Let's see where we're at here to date now S&P was up over 20% Year to date, back in late July Now it's only up 10.5% Since January 1 NDX is still up 34% year to date Was up as high as about 46.5% Russell is red on the year By a little over 1% And the Dow just went red for the year Today Gold just went red for the year Silver is down Almost 12% for the year Bonds are down over 12% Notes are down over 5% Ten-year yield is up 27.5% year to date Oil is up 15% Natty gas down 26% Bitcoin still up 64.5% It just closed out a time fly At an exact scratch It's trading now in the October 13 one I just posted before we jumped on here Got out of that for a scratch It was trading around the downside break even The one I just put on Is already down below the center strike Yeah, I'm gonna do, I'm gonna kick back up My weekly recaps starting next week I did the monthly one, it's in the Trader Chat channel Got that done after the market closed yesterday I've still gotta put out my Monthly trade plan for October And I'll be back on track with the Recap videos every Friday That whole export issue was a Real pain, it's still gonna be a pain Downloading it from, uploading it from TD Ameritrade website Cause A, it doesn't do futures options So I have to do that manually And basically just Imports all the legs So there's a lot of manual sorting but Now that I've got that going I can Keep up with it everyday so it won't Be too big of a project I got out of two of three of my ES hedgehogs with the three I was up 3200 I'm gonna save my last one for the end of the week see if I can squeeze Some more out, I closed one of our VXX trades and then re-re-re-re-re treasure reopened a new one in the next cycle and Volatility has since spiked a little bit higher so down a couple hundred on that one we've got the one that's still in the October 20 cycle and it's down about nine almost a thousand so those could use some ball contraction got a duck and rut it's in the down in the duck head got a duck in SPX it is into the duck head as well added a new duck in QQQ today got some short premium in the cues got some short premium at IWM got some short premium in soybeans got a hedgehog in NASDAQ it's working good some short premium in MES hold calls down and all those kind of reverse hog and gold pretty much break even got a short strangle in CL rolled calls down in got a hedgehog in CL like I mentioned yesterday I'd you know obviously with like with Volatility spiking now is a pretty solid time to be selling premium but I don't really want to load up anymore I had already had I already have a decent amount on so don't really want to add to it so I'm just gonna manage my current positions but I didn't have as much I would be certainly adding to it yeah they are holding on to the theta today a little bit makes sense to roll the lower IV credits not sure I understand what you're what you mean if you clarify got a little red bar coming in still got over five minutes until tronch to are you talking about like on on the short strangles I'll wait till they get to 50% on the side before I roll so like MES for example you know they're not even close to 50% because I've already rolled them IWM's getting close and into those calls at 97 they're currently trading at 56 58 so those are getting close but I want it to be well over 50% before I before I roll them either direction QQQ yeah I mean I've already rolled calls down in all these dollar 90 27 so yep I will wait can on the time fly it's it's if I get if price trades down near the downside break even so yeah just scratch that one so the loss is usually come if I have to exit it like a 15% usually to the upside unless I you know let's say it was hanging around that break even I decided to hold it overnight gap down even further and I ended up getting out for 15% loss but that's usually to the upside what do you get out at Maro scratch yours too got you yeah I mean I could could consider putting on another one here or price is positioned up here since prices already come down but I'm just gonna hold till tomorrow may price continues a little bit lower I may add another time fly or a tranche to I'm gonna buy some more longs opt for dollar the other the other thing to keep in mind maybe this will kind of clarify in your and your questions well remember if you're when you're rolling you're you're you're buying them back and you're selling the new one so yeah the the new ones that you're selling have higher credits because Ivy is higher but you're also buying the other ones back at a higher price because Ivy's higher you know what I mean so I don't know if that was part of your thinking or not all right tranche number two looks like the 25s and the 15s 25s and 15s I'll give it just a little bit here you get filled at 615 partial there we go filled the 615 on the 25 calls 15 puts so 370 is what I'm looking for on tranche to to reduce stop I do not have a TGIF haven't had a chance to get one on after price bounced yesterday involved contracted some I could have probably but you know I've got half my six seven and I put on a one three and a one two today the one three is already up the one two is down about 20 bucks my the remaining half of my six sevens up about 1200 I got out of half my six seven that's 720 it's currently trading at about 760 tomorrow is one DTE on that one so I'm gonna hold can't get a little more out of it tranche one trading down to 560 I need 435 will decay coming in now so for tomorrow tomorrow is Wednesday the fourth so we've got ADP non-farm ADP non-farm employment change pre-market and then we've got ISM services PMI 30 minute tap to the market opens we've got FOMC member Bowman speaking at 925 a.m. central and FOMC member Goolsbee Austin Goolsbee speaking at 930 a.m. central got to love the Fed crunch one down to 520 trunch to down to 545 five minutes until trunch three I agree Ken Austin Goolsbee let's buy some more buy some more longs here or trunch three be 10 or 15 wide yeah power used to be really good at pushing the market up now he's really good at pushing it down the bears the bears must have got to him bears must have gotten his pocket trunch one trading down to 480 I'm looking for 435 to reduce my stop am I gonna put on trunch three first or am I gonna reduce my stop on trunch one it's a race 435 there it is reducing to 735 trunch one one right trunch three looks like the 42 30s and 42 20s 10 wide looking like the 30 15s like the 30 20s 30 20s going in 435 filled it 430 on the 42 30s and the 42 20s all right locked and loaded so the sweet spots right between 42 20 and 42 25 trunch two is trading at 475 I'm looking for 370 to reduce my stop yes sir trunch one and three are the same so same price same strikes same stop could be good or bad trunch two down to 455 I need 370 435 Dickie Kay are you playing power hour today Tuesdays you don't do it all you don't do all trunches for Tuesday I don't thank you I would just not three got it how'd you fare today is there a DTE wise dick looks like any can anything put on 10 a.m. or later central looks like it should have been good I didn't have anything in my plan that qualified oh you got you got you profited on JSP's huh I got stopped after I've reduced my stop trunch two is getting close I'm looking for 370 to reduce it to 570 looking for 370 currently trading at 390 385 back above 4 stop on trunch one and two is at 730 and 735 that spreads currently trading at 555 bounce back up a couple points should get down to reducing trunch to really trading at 4 bucks I need about 30 more cents to come out just a little poppy pop in CTC tiny two-point pop 380 there's 370 alright changing my stop 570 trunch to a trunch one and two ratcheted down alright ready to roll 24 minutes till the bell you did it we got the little guy did it now it's down over 2% very nice we got I have not tried that one you know it's just it's hard to find good help these days we got sometimes you just got a man up and do it yourself I mean I don't but other people do right in our sweet spot 42 22 and a half did Katie you clean your own private jet he's got people for that I mean when you got a private jet you got people for everything I asked my wife to do that for me one time she she didn't do it well see a screenshot problem is my v-pop says we're gonna pop tomorrow too oh it's it's a ways out never mind look a little closer that's just close now side I'm gonna go with you on this one you know you need a good premium suck day at 127 it's the strongest of the bunch so that's why that happened well is the is the Fibonacci throughout nature that is why that happened calm down calm down mr. SPX getting close to my stop on trunch to just got stopped at a trunch to all right to trunch one and three which are the same strikes and where between 20 and 30 we're in good position I'll go to the bell and I'll close it five till we got 15 minutes till the bell trunch to was 25 15's yep it got adjusted down so I got in at 615 stopped for a small profit out at 555 about a 60 65 cent profit VIX hovering right around that 20 level 2015 out of the buck nice Kelvin 10 minutes till the bell price creeping up towards 4229 I talked about this in my monthly video but if you haven't seen it so for power hour last month let's see so the biggest winner by far was trunch one of the 25 8 almost 18,000 was trunch one trunch two was a negative 1300 on the month power our ratio for the short squeeze days was at the lower 9,000 and then trunch three was basically a scratch plus 120 bucks for the month trunch one making a comeback 49% win rate for power hour for September across all tranches so I guess I just had the one ratio iron condor that was good for 9,000 just one short squeeze day trunch one had a 55 and a half percent win rate trunch two had a 42% win rate trunch three it was basically a scratch had a 47% win rate yeah it was the 25 25 8 was the total power hour alright six minutes till the bell looks like it's in a good spot to ride better break out my heart heart rate monitor sitting at 74 beats per minute currently there's a lot of juice left here not a premium left trunch two is trading at a buck now they're both the same but them are trading at about a buck nice meet you all right we got a five-point buffer on each side Elliot who else is writing can can you ride in the sun dick K's writing let's go PT Leo all right let's go yeah I better change my orders 70 cents Rick did not set up today two minutes two minutes for 70 cents we'll get down to a five cent bid on the 20s one minute to go 70 I'm at 70 beats per minute no stress on this one so far so on trunch one I got stopped out I made about 960 on trunch one stopped for a profit so 960 plus three two one pin 960 and trunch one whoa a little pot still pinned we're at 229 61 we better wait we better wait till see this where this one settles I better not give us a markup but good enough it pinned so 13,270 plus 960 so about 14,000 for a power hour very nice Elliot 28k whoa look at that that deserves a clap nice job all right guys and gals good way to end the day everybody has a good night we'll see tomorrow as far as the live stream tomorrow let me pull up the calendar really quick here so tomorrow is the fourth all right so we're streaming live in the morning at the market open both tomorrow and Thursday and then we'll be back again for power hour all right I'll take care have a good night