 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 Let's go, 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 plank Look up 67, Russell down 12 And Dow down 44 Good day so far And as I say that I got stopped out of My PM Iron Condor Yeah, stopped out of my PM just now But did just hit 40% Closed half on the quiet lunch Book 50 and 80% Profit targets on the AM Iron Condor Now I could use a little bounce for my Remaining quiet lunch And we got ourselves a little mini sell-off 3-point sell-off, a little bit more than that For power hour, definitely a straddle See if Price is going to hug a strike Around our entry time I posted with the link there that Got some construction renovation Going on in my building It's fine for the time being, it's kind of off and on But if it, at some point Sometimes it kind of sounds like a jackhammer On concrete right in my In my office condo, so That starts up again I may have to cut out of the live stream early My mic does a pretty good job of Filtering out background noise, but It's pretty loud and Very distracting, so we'll see Hopefully they're done for the day So I've got half my quiet lunch left And getting ready to load up for power hour I need to Actually, I'll buy I'll buy a few longs here Price still coming down, looks like I'm going to get it Stopped out of my remaining quiet lunch here Stopped out at $22.95 So let's see, was that for a profit? Small loss on the second half See if this thing's going to stay a little steady-eddy For power hour $44.60 $44.60 straddle for Tronch 1 Tronch 1 straddle $7.90 Filled at $7.90 for Tronch 1 And we're heading below where we opened Low of day was at $44.53 We are at $58.50 So about 5 points above the low of day You're trying to open your power hour trade, Elliot Do you have some kind of overlap maybe that's causing that? Let me know Let me know what they say that's interesting Looks like a pattern day trade restriction type warning Did your account drop below $25.00? Getting a little bounce back up above $44.62 A little fade to the K coming out on that bounce Alright, so taking a look at a couple other positions here I've got a TGIF that will take off tomorrow Well centered, but down slightly I would assume after the premium comes out And from the PPI announcement assuming it stays in a range That some of the profit should come into that You can see the IV in those two-day options Still at $14.00 versus $10.50 for the back I put on a $12.00 earlier with pretty decent size As far as my range With the intent of taking some of it off Before the end of the day It's about 350 Probably about 350 bucks So I did 12 contracts I'll probably take 8 of 12 off before end of day Leave some on overnight See how it handles PPI Bounce back up to $44.65-ish Had about a 22-point expected move to start the day Got about 5 points away to the upside About 13 points away from the downside Added a new hedgehog and ES today We've got our time fly that we had adjusted with an upside calendar It's right around 5% Right now I might be closing that before the end of the day Depending on where you get filled More like 7% Possibly I'll give it a little more time Probably close that before end of day Suspicious login They lift that They take care of it right away My quiet lunch strikes So I did the quiet lunch And then the PM iron condor So my quiet lunch was $44.75-$44.70 And then the later one was $44.80-$44.75 Those were the closest to $4 on each side When I entered Yeah, unfortunately I was getting close to profit target I hit it on the early one The late one I didn't hit a profit target before getting stopped Price coming back down towards that $44.60 level Pretty quick delay Excuse me, pretty quick decay on the Trunch 1 Oh, never mind I had some other things checked That made it look better than What it is So we had a little bounce coming back down About 10 minutes until Trunch 2 Nasdaq is still slightly green Russell is down almost a full percent Vix down 3.5% Down below 14% And we had a pretty nice little choppy 10-point range there From about 9.35 am central All the way up until about 20 minutes ago 10 points all day And continuing lower 57 lows Lows of day about 4 points lower Yeah, those will tend to frustrate you, Ryan P But it's got to do like Taylor Swift And shake it off, buddy Speaking of Taylor Swift The rumors are that Travis Kelsey And T-Swift are a thing now Just catching you guys up on the celebrity gossip The cursor of the mouse is a very Very strong level of support A lot of times, Wuga Alright, 10 minutes until Trunch 2 Bianca, what are you doing here? You're supposed to be hanging out with the Germans Maybe she's not on here Maybe she's just helping out in the chat That is correct Mr. Rules over returns Alright, let's buy some more longs Trunch 2 Snack away for a little power hour, Trader Bianca You're like, hold on, I gotta use the restroom Come back in an hour Trunch 2 is looking like the 4460 straddle as well Goes down a little bit, maybe the 55s 4460 straddle Trying to get filled at 655 650 635 Filled at 635 for Trunch 2 Load it up on the 4460 straddle now Down to 56 If you entered now, it would be the Technically do the 6055 straddle When I was doing my planning for September I just ran across that Entering one minute early on Trunch 2 For whatever reason, tested way better So I've been jumping in about a minute early on Trunch 2 I think that's completely coincidental Yep, same here, Dick K You have a Rick, I forgot from earlier today as well That I thought was going to hit profit target early And then it bounced So it's down here, I would need Below 52 would be a profitable Rick I'll wait for after we close out our power hour For that move to happen Yeah, I thought it was going to I got in right here at the top After the first five minutes And that first down move I thought it was going to Fit what it went, I don't know, another I don't remember, five or Five or so points lower it would have hit But then it bounced I'm not sure where this time fly is going to fill But I think I'm going to get out of that Before tomorrow Whichever fills first, the calendar or the fly I will then come and take the other one off I'll wait till after Trunch 3 Still right around that 4460 So I did 12 contracts on my B&B I'm going to close 8 of 12 before the end of the day Yeah, I put it on with a little bit bigger size With the intent of taking The majority of it off by the end of the day Regardless of where the P&L was But usually you get a nice little bump Which we are leading up to A day like that Kind of like I did yesterday with CPI I got filled in my calendar So now let's close the fly Not sure exactly what I booked on that one I'm pretty sure it's over 5% I'll figure that out later Just posted that in the butterfly channel Couple minutes until Trunch 3 I'll find some longs for Trunch 3 Looks like it could be the 6055s 6055s strangle Looks like Give it another minute Well that construction on the building Stopped right as power hours starting So that's good Looks like it could be the 6560s Coming down to the wire I'm going to go 6560s 4 375 370 Filled at 375 for Trunch 3 65 calls 60 puts Let's see so Trunch 1 I got in at 790 So 475 Is what I need it to get down to To reduce my stop on Trunch 1 Trunch 2 I got in at 635 So 380 Right around 4460 is the number So Trunch 1 is currently trading at 575 I need 475 Trunch 2 is trading at 575 And I need 380 I'm going to put in an order Close 8 of 12 BNBs at I'm going to put my order at 7 So we'll see if that hits Looks like it's currently trading around 690 I am going to step away for just a minute Go grab something to drink Be right back Alright pushing up towards 65 now Getting a little bouncy A little too bouncy Order at 7 on that BNB It's tapping around it It hasn't filled yet Meanwhile we need a little pullback Here in SPX A gooey kind of coffee drinking I'm sipping on some bone broth Myself I would like to get on another Single calendar That I would adjust into a double But it's going to wait until tomorrow If we get another contraction And implied volatility Here went on tomorrow Restretto Does anyone ever look at the Market on close imbalance Do you find anything That would provide any value From those numbers at the end of the day Yeah so for those of you Not familiar with what that is Basically all the big boys Have to report When it leads up to When it gets down to 10 minutes All the big boys like And I'm talking like Your BlackRock State Street Vanguard Those are kind of big three Those guys control about 80% of the S&P 500 They have to report Of all the All the inflow and outflow Throughout the day they have to report If it's a I'm buying 500 million And we have withdrawals of 200 million or whatever it is They have to report that imbalance You see they're a positive Or a negative number And they have to do that by 10 minutes Before the close and then the orders Actually executed right at the close Market on close So I was trying to figure out If there's any validity or value To that number And how we might be able to use it For power hour I noticed is A So financial juice is the Little fee that I look at sometimes It's just kind of up to date news But like 30 minutes before the close So like just a Seven minutes ago they reported The initial indication of market on close And balance is 354 million to the buy side Well that's nothing Really anything under a couple billion Is nothing But what I have noticed is a couple Things A When you get Imbalances like above 3 billion And I've seen as high as like 15 billion That can certainly move the market At the end of the day And then the other thing is So we'll get this indication here 30 minutes till And then we'll get two others And then the last one It's before the Before the bell, that's the real one And so what happens is The early indication ones Let's say we got a 350 million buy And then the next one's 350 million buy side Then 350 million buy side And then the one that 10 minutes to the bell comes out And it's 500 million to the sell side So like it flips Sometimes that will cause a little bit of a Reversal in the last 10 minutes of the day But I haven't decided if I haven't figured out if that's any event Real value or not That's just, that's total You know, I mean, we're talking about Vanguard and BlackRock who, you know man A lot of Pensions, retirement plans, 401k plans They're required to report How much they're buying or Selling on the close every day That's what that number is They used to do it after the close But You know, then things are a lot less liquid And it was Apparently a little too volatile After the fact and liquidity was an issue So they're required to do it as a Right on the close So the way I'm looking at it from A power hour perspective, you know And this would take a lot of manual A lot of manual testing and watching Or watching over a long period of time But, you know, trying to Come up with a something to the effect Of like, okay If there's an indication of, you know Something over a couple Billion Does it make sense to You know close out Before the last 10 minutes Or if there's a reversal Say it's, you know Buy side, buy side, buy side And then it goes sell side At the 10 minute mark Which is what I've seen kind of move Move things, what it makes sense to You know, get out at that point as well But I'm not sure it's something I'll use So, yeah, so the next one Just came in exactly the same 354 million, I think These early indications are pretty much Nothing In other words, I think The firms say, yeah, I think it's about Such and such, but they're held To the one that comes out at 10 minutes Till the bell 66 Pull back Dick K, what say you About the end of day Market imbalance, any You mentioned you used to use it You used to look at it Did you stop because he didn't See much value in it or Any thoughts there? Gotcha It's coming, be patient, Ken Can't rush Mr. SPX It's kind of like my dog He'll come inside when he's ready 690 Just posted that in the calendar channel Down below 65 So trunche ones at 6 Trunche one and two are both turning at 650 I need 475 and 380, so Nowhere close for me Yeah, that was a little Bounce was nice for you, Elliot On that 65 All right, we got 12 Minutes till the bell What's it gonna be? What you can do So the So the first indications are out We had 354 million buy side 354 million buy side 330 million buy side The next one will come out In about 40 seconds So if it's along the same lines as those So small it doesn't really Matter, but if it reverses to the Cell side we could see some A little bit of a down move into the Close is what I've noticed anyway And I'm on the Free version here so it's about 30 seconds delayed but See what it does Got a little down tick there Let's see if it ended Oh yeah, see that 745 million sell Side So it ticked down Let's see Let's see if that ends up Pushing the market down a little bit into the close Would be ideal And this is very anecdotal Kind of just looking at it Definitely nothing Nothing super Data driven at this point Just hovering around that 65-66 Three minutes Till I exit Just a nice little red bar Nice little red bar would do me Fine Got Trunch 1 at 6 bucks Oh Trunch 1 filled at 6 bucks On that little tiny tick down Wow I'm going to do Trunch 2 at Let's see where this baby goes Trunch 1 I got in at 790 out at 6 bucks So I made a couple bucks on Trunch 1 Trunch 3 is my 65-60 Strangle I'm going to put it at 2 bucks Trunch 2 Is my 60 straddle I need a nice Move lower to hit that Wow, 2 bucks Out of Trunch 3 at 2 bucks Nice So I got Trunch 2 left I got in at 6.35 I'm going to try to get out For a little profit If we can get a little down move In the next minute I'm not wanting to come down I'm going to take a little loss on Trunch 3 Or Trunch 2 Out at 750 Alright, so a little loss on Trunch 2 Trunch 1 and Trunch 3 Winners I'll take it I will take it for a low premium Environment like we're at Our hour has been on fire in September my friends Took a little break in August But it's back It is back Alright guys, have a good evening And Let's see, so live stream Tomorrow is the 14th Yeah, so no live stream in the morning Thursday or Friday But we will be back for power hour Alright all, take care, have a good night Cheers