 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 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 date options, time to make bank Get locked and loaded, then be ready to play Ay Hey everyone, welcome to Power Hour Live Monday, February 26th Hope all is well Here is what I've done so far So, let's start from the top So, AM ratio got stopped out Quiet, I did some, my quiet midday tronches Hit 40%, 40% One got stopped out, another one hit 40%, 40% So basically, well I made money on those Even with the one stop out My MDX trade is nice and centered I would assume that should hit Max profit, barring any big move And then just entered the Wuga On my other stuff I had two stop outs on my re-entries Both, one was a one to one, one was a three to Then I got stopped out for a profit on this three to I've got my one DTE that's still alive It's up about 17% I've got a one to one re-entry That is, that I already reduced my Stop and position size on That's up 35% And then a three to That's currently at 15% So that's what I have done today See Chad, can you hear me? Looks like you're on mute Yep, yep, it's unmuted Yep, so Yeah, go ahead Chad I've got to put on a two, three double calendar So go ahead Give me a quick second here Putting in an OCO Yeah, I was, I had a nice day going Both my accounts until that Pushed down And Once again I didn't really even need to put the The trade I took a full loss on that Lunchtime number one I really didn't even need to take it Because I didn't take it I didn't put it on because My other trades were off-center I did it because Like I only had like one contract left In another trade Or two, I mean two contracts, I'm sorry And so I was like, well it's just Again, trying to take advantage of You know, the minimal price movement And that's not the first time That that's come back to bite me And so I probably need to learn my lesson That, you know, I could have just waited And then, you know, that down push Would have stopped out my other two trades But I had already booked 40% profit On both of them So they would have been both two winning Trades, and then I would have re-entered At once that pushed all the way down And then it started to consolidate And I put on a lunchtime number two Which I've gotten out of half of it And so, again Just not following my own rules So, it's for a power hour I've got these two on right now And I've got two trades on Lunchtime number two, lunchtime number three I'm out of half on both of them So I'm not really looking to enter in Right now, but if I can Get out of 40% here You know, there's still an hour And five minutes left, I might Enter a power hour, you know And maybe 15, 20 minutes here We'll see, see what price does Just posted my two, three DTE In calendar channel Alright, so S&Ps are down 13 NASDAQ slightly green Russell up a half percent Dow slightly red, gold and silver red Notes and bonds red Ten-year yield up almost 1% Oil up one and a half Natty gas only up about a half percent Was up about 5% earlier Grains green, Euro in the pound Slightly green, Bitcoin up almost 7% Bitcoin surge Did not see that earlier Up to 55,000 Okay VIX at 13.76 It's been Pretty much contracting all day Had a little spike in there On that down flush VXX goes down another 20 cents or so I'll start peeling off some of that vertical spread Here's my NDX trade sitting nice My one three DTE double calendar From earlier is Up tiny, about a half percent or 1% My three four from earlier is Down about 2% My four seven from Fridays up about 9 or 10% My five seven from Fridays up about 1% And my six seven from Friday is Up about 2% Biggest Michelle you're not entering that NDX trade until You're not doing that at the open, you're doing it later I'm doing mine right at the open Okay, I thought you were doing it at the open You can't really get Five dollars a credit anymore Yeah, by the way normal day so In premium super low so I'm not I'm not doing any other power-hour trade besides the Wuga Yeah, I probably Just just roll with my two that I've got left on Try to get out at 40 and 60% It's been a while since I haven't taken a power-hour trade So I got filled on my NDX Maro at 431 this morning And I don't I don't really Gauge it by premium I'm looking more at What is my risk versus reward So like today my max profit is 862 max loss is 1138 So kind of a three to two is Or sometimes a little closer to one to one Sometimes a little closer to three to two is pretty normal SPX dipped below the expected Move of the day and then bounced right back into range Down to a low about 5070 Currently at 5077 At 30% on my re-entry so just closed half And reduced the stop down to three bucks I'm getting close to hitting 40% on both my Two that I have left on That was on this one here There it is there's one Lunchtime number two just hit 40% My one DTE needs a bounce I'll have to start watching that a little closer Vegas Michelle Maybe I'll let my bot enter and then I'll Continue to check premiums With as wide as bid-ask spreads can be In the exit might make sense Wait a few minutes There we go 40% filled in on Lunchtime number three So if I don't enter that Lunchtime number one that was I was just being greedy I'm having four winners No losers right now So for now on if I do this again Like somebody needs to like slap me through discord Because this is multiple times I've done this in February Give you one of these I mean it's It's a difference of about $3,000 You know I mean it was a $2,840 loss When I shouldn't have entered it The question is Because I do that too but the question is How many times have you entered that And one then you don't think about it That's a good question and so here's the thing Prior to February Not very many times and here's how I know why Because it's almost like sometimes when you When you start to get even a deeper knowledge about Something Is when you can get off track Because maybe you know a little bit too much Instead of just sticking with your plan Yeah for sure You know what I'm saying Definitely So my 3-2 needs a little down move One DTE needs a little up move My one-to-one is dead center And my Wuga is dead center And we're getting down to some pretty Pretty slim pickings on the premium 50-80 straddle Like that or not If we get a little upside I better just take my positive day You didn't see I posted in the trade steward channel Tomorrow after the bell I'm going to do a live zoom Just to go over how I'm using trade steward Basically what I'm going to do is I'm going to take An example option to make a back test And set up a bot from scratch So those of you who are new to it Or you know I'm trying to decide If it's something you want to do I'm going to do a little overview there And then we will open it up for questions And comments and then you know based Based on that I know a lot of people have been asking for Some you know more training around that And there are some little nuances And so based on that Most likely do some additional videos Or we'll have additional live sessions To go over some of the The other features of trade steward Oh yes opt for dollar it will definitely be recorded Alright let's see what's going on in stock land Square down 4% After a big earnings coming down Google down 4% Beyond meat down 4% Airbnb down 2.5 Wow Coinbase up 18 Really? Not sure if there's some news around crypto Or what today but crypto is removing riots up 17% Lemonade Catching a little bit up 12% Robinhood up 7% Alright taking this 50-80 straddle That's about 3.5% Yeah so we got Tomorrow morning Pre-market durable goods And then after the bell consumers Consumer confidence FOMC member Barr Speaking a little bit before the market opens Great Wednesday preliminary GDP Pre-market And the G20 meeting start Then we got FOMC member Bostick At 11am FOMC member Williams at 11.45 Thursday pre-market Core PCE price index and unemployment And then Bostick Speaking at 9.50am 12.15 Mester And then that evening 7.15pm Williams Friday pre-market 30 minutes after the market opens ISM Manufacturing Revised consumer sentiment 9.15 Waller Speaks And then a bunch of other FOMC speakers I couldn't help it I just couldn't help it Right after you say slap me If I do that again I just couldn't help it That straddle looks so juicy Stopped out of my remaining 3.2 Re-entry for profit And Now what is this push up 1DTE likes the likes the up move 1DTE currently at 24% Profit targets at 45% So I need a pretty decent jump to close the profit target Otherwise it'll just close near end of day The WUGA is up about 10% My NDX trade I have a profit target at 95% So it's at 20 cents It says it's currently trading at 20 cents But we'll see if that fills or not Sometimes it does, sometimes it doesn't SPX back down to 50-80 I'll take a 50-80 pin We'll go back to center Up about 27% Well, things are slow How about a little housekeeping If anyone new here There is a 0DTE new member checklist on the 0DTE course channel Scroll up a little bit And I'll give you kind of A guide of where to start How to get going In the trade plans channel Last week I just posted my March trade plan So you can check that out Along with some others trade plans Including chads That is the best way to get started And then during these live streams We're here to answer questions Got a lot of dead time as you can see While we're just waiting for positions to play out SPX coming down 50-77 Wuga needs another 20% to hit profit target My remaining 1-1 Reentry is up about 46% Well, it's 46% After the portion I closed So, but there's remaining portions That's more like 60 60 plus percent Discount, I saw you posted earlier Your Reentry bot Worked as planned, right? Yeah, that AM ratio I know is kind of a heartbreaker For a lot of people, mine was Let's see, I think it was I had a 50% profit target I think it was close to 45% At one point Before the market rolled over And I roll over, it's disappointing There we go, filled on 60% And out of Lunchtime number two A little bounce up here From my 50-80 straddle Was it NVIDIA earnings that caused VIX to spike to 16 last week? So that was on Wednesday or Thursday That was on February 13th That's when we had that big overnight Gap down NVIDIA earnings was on The 21st 20th after the market closed, I guess Or 20th It wouldn't have made the VIX spike, though Would have it No, what NVIDIA did And Andrew Kay, I don't know if you're Referencing this is I put the 1DTE iron condor on And NVIDIA was announcing After the bell And I got zero decay Really held it almost all day Zero decay in anticipation Of NVIDIA earnings I don't know if that's what you're talking about So premiums on that On that day were Being held up for sure But that wasn't the That wasn't the VIX spike Yeah, it did spike again up to 16 on the 21st, I see what you're saying But yeah, that wasn't Based on NVIDIA Cosmo, yep, I'm green right now Pending this 50-80 straddle I have on That's the only thing I got left I haven't gotten out of 20% of it yet, though So Right now I am Let's see Almost three grand That's what's that almost three grand Loss So I really need this straddle to Pay out for me here, please And thank you I think I might If I can get 40% of this straddle I may just say 40 and out I don't know what this is going to do The last 15 minutes But I know there's a Monday streak on the line You could push up to 15-80 Or I mean 50-80 Wuga's at 41% Getting close A little more decay right here So whereas the S&P came down and Pushed through the downside expected move NASDAQ has been Pretty choppy Sound balance, Wuga hit 50% 136 million to the sell side Early indication Yeah Alex, yours hit pretty quick You must have gotten in a little earlier Wider strikes or something Mine's dead center, it's up about 41% Wider strikes, yeah that makes sense A little push up I was so close to getting out 20% of that Straddle, 20 cents away Nice Alex Come on, stay up there Back down to 77 This price action Yeah, so discount my Mmm So I got stopped out of One of my one to ones And one of my three twos Stopped out for profit on one of my three twos Stopped out for another profit On another three two And then I currently have a One to one Which have reduced size and stop on And it's up 51% Or the remaining parts About 65% So I'll be red on the day But Did not like this price action Now my AM ratio got stopped Mmm On this little fleshy flush below the expected Move Yeah, I don't like this price action I saw this coming When it couldn't push up Need a bounce Le Wuga needs a bounce Yeah, I really thought it was Gonna hold there Still in it but barely Close out some of these longs that I have Trying to bounce off the expected Move area Yeah, that's what I would expect, Andrew K Hopefully we get some IV expansion leading up to the Election Especially this one, seems like there's going to be a lot Of uncertainty Still don't like this price action A little bit higher and the Wuga should hit 50 46 Yeah, mine's still sitting at 20 cents Now it's showing that it's trading at 40 cents I've had it dead centered Sitting at 20 cents and it never Ended up expiring, never even filled It's kind of hard to price that one Wuga's getting close Knocking on 50% Hit it Get up there There's the Wuga 50% profit target hit Wuga strikes again Get up there and hit my Just to be honest Considering getting out of half where I'm at Just don't like being in these straddles Last 15 minutes Still 336 Million to the south side Nice, Dick K No AM ratio for you this morning Or did you just survive the Little I just bailed on my straddle Just don't like the price action So, ended up being a little bit of a loser But I'd rather just keep my green Day than to lose it all in the last 20 minutes Or 10 minutes Still is it I see like Osmo you didn't get your 50% on Wuga Yeah the one DTE could use a little bounce here Well 50 loss on that Straddle So, ate into my profits a little bit You must be trading something different Because the OG Wuga doesn't have a stop Oh, me? No, Cosmo Oh Dick K You just fired up the Fired up the flames on your profile Like it, I did that this weekend I started with the flames I moved to air Plus 1665 So, would have been much nicer If I wouldn't have entered that lunchtime Trade I'm gonna put a note on my desk Not to do that tomorrow Still 336 million to the south side Final MOC number in 5 minutes And I'm sure this is gonna be a 580 pin It's probably where it's gonna finish Yeah, we'll get it going up Thanks Madam Butterfly Hour hour 1 and power hour 2 Looks like the 5085 Straddle was where I should have been Or not 5085 But 5075 Let's just discount double check So on my last reentry I've got an order at 90 cents I'm trading at a buck 80 Get on up there 1580 What a bit of pin probably Get up there Market on close and balance In one minute Coming out here in a few seconds 1.2 billion buy side So no MOC trade 10 minutes to go Need a little more decay on my 75 puts 80 calls here Looks like the winning streak Is gonna come to an end What was that 15 weeks in a row It was green My 1DTE is still slightly green It's gonna close here In a few minutes Nice Tom, need a little bounce Mukesh, there's my version of the Wuga Six minutes to go One to ones here trading for about 240 buck 85 I need 90 cents Need a little bounce I almost took the 5075 Strabble on my other account but I didn't My 1DTE Looks like it's gonna scratch out a profit Gonna be closing here in a minute 1DTE closed at 11.05 So I got in at 12.30 Out of 11.05 so About a 10% profit 6 down to 73 Well it's coming down I'm gonna go ahead and get out of my reentry here I'm gonna have no bid, I already have no bid Build at $3 That was a nice winner Yeah, my decision to bail Ended up being a good choice I just watched price action for so long It just looked like it wanted to come lower Gonna crack new lows of day in the next 2 minutes 72 Lowes of day were about 70 Yeah, this probably held it Probably would have wiped my green day Let's see where this baby ends up Although I probably would have gotten out Push up It's gonna get down to lows of day I bet Yep 10 seconds Ding ding ding 69 closed Alright all Let's see here, live stream tomorrow Is the 27th So Chad will be streaming live at the open For the mighty 90 and runners And then we'll be back for power hour Tomorrow afternoon Alright all, take care, have a good night Hasta mañana Peace