 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 Hey, hey, let's get it Have success, find what works for you and forget the rest Stats and probabilities is what we're a dismiss Greed and 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 Hey everyone, welcome to Power Hour Live Friday, March 15th Everybody's doing well S&P down 33, Nasdaq down almost 200 Russell up 6.5, Dow down 180 Gold a little bit lower, Silver up 1.5% Notes and bonds a little bit mixed Ten year yield pretty flat Oil slightly lower, Natty gas down a little over 4% Grains mixed, Euro and the pound flat mixed Bitcoin slightly higher just above 70,000 VIX 14.73 had a little excursion to the 15th handle But back where it feels safe in the 14s What's up? What's up? I've got the Wuga on And then I also just entered another Re-entry So my re-entries today I got stopped out of one Without hitting profit target And then the other ones I've hit 60% On all three Unfortunately the one I got stopped out on Was the biggest of the four And then my challenge portfolio is killing it Had one that I reduced my stop and hit profit target So I got out of that for a small profit And then the other two are still rolling And then my 1DTE which is not on here Hit 45% Not bad Not too shabby at all Pretty good day Yeah so for me I was Man I feel like I played today a little differently Than I've traded in a long time honestly Like I was just super cautious today Very picky about my entries Sometimes I feel like the success I had October through January Caused me to be a little reckless And so only three trades today One was a winner I closed it out before getting stopped out Which is something I don't usually do But I would have gotten stopped And then my second one Still to be determined And then I have one power art trade on right now So But currently up a little over three grand Looks like it was going to get down and dirty But we never even made it down to the lower expected move Yeah Quantaeo same as Wuga 3020s I just don't like the trending price movement That it had today Like the big move up That started about nine o'clock central And then a big move down That started about 50 minutes later So I've been happy with being really careful Like I was today So this is my Wuga plus the other Entry that I just got into On my challenge portfolio Here's my one to one ratio Half of it that I've got left And then my three two Here's half of it that I got left About to be closed out See that one It's at 85 cents And it's trading at $1.15 So a little bit more decay And that one will come off Challenge portfolio up A little over 6% today About $9100 My other account Oh I did get hit on JSP So those did not survive the flush So that was about a $2,700 So my non-challenge portfolio accounts Pretty flat actually on zero DT Got a couple of time flies One of which March 22 is up a few hundred Up about 3% And the March 28 Has been It's at about 5% I would say depending on where you get filled To close it maybe a little bit less But I'm just going to hold I mean if it makes any bit of a decent move Well move down would be better But yeah I don't like the price movement I'm seeing right now Just slowly continuing upward Oh and then my futures Big day in the future is another 5k On those I booked a short in the Nasdaq Right out of the gate If you're on the morning stream You heard me on that one Got made $3,900 on that I jumped back in But I didn't want to go NQ Because I figured I'd give it all back So I went MNQ And it got smaller Still got a few short micros So that one's down I booked a little bit So that one's down about 2-something I booked 9.50 on gold And 8.50 on oil I was going to put on another duck If we got down to the expected move And I was also going to Enter a VXX vertical If we got down to the expected move And then we just bounced Never got there And then vol started crashing I also put on a I was talking about this in the Morning stream I put on a Just kind of a test It's a 1DTE It's 3DTE and NDX Because there was no 0DTE So that one's up just a couple hundred I was just curious how that would With 10 wide wings 1DTE or in this case 3DTE How that would act but Not as much decay as I'd hoped Especially not compared to Our normal 1DTE trade I'm actually going to just Put it in order to take this off Just try to get 320 Yeah Dark Avenger No trailing it's just fixed And then correct Once it hits 45% it's out Yeah Kelvin I'm just doing two For this month and then I'm I haven't decided yet But next month I might scale that up a little bit With two contracts I'm typically risking anywhere from 11-12 hundredish If it closes outside the range So I'll probably scale that up To three or four next month About 50 cents 50 cents still to get Out of 20% of my power hour trade Yeah so my NDX here's my So I've taken Where's my number of trades It's not there Anyway A little over 63% win rate About 3,000, almost 3,000 bucks But some of these earlier ones That I was taking I was kind of layering into A couple of them in the same day And I was doing them a little bit different So based on the way I'm just doing it now Just putting it on letting it expire It's probably A little bit higher win percentage And a little bit higher overall profit So far So it's not an up day or a down day So not doing my Three tranche power hour but I did just enter that Re-entry On the 30 calls And 15 puts Right as we are joining And then I've got Wuga So this is a combination Because I'm sharing the 51-30 call strike So this is both of them together Almost gonna hit my I need about 20 cents Yeah about 20 cents away as well Needed to kind of stay down Don't need it to rip up And I'm a dollar away from 40% of my Lunchtime Number one that I put on So that one definitely needs some down movement So Waterman there with On quad witching days NDX and RUT They do not have Um Yeah it wasn't a toss glitch There is no zero DTE Let you look at your option chain Yup They have the AM Explorations Like if you look at 34 days out you'll see that They have the AM Exploration, the ones that expired this morning But for whatever reason There's no PM zero DTE Explorations on at the end of each quarter Or quad witching Exploration quarters Or excuse me Every month they do that Once a month Got filled on half my power hour So that makes me feel better Still need some down movement By the way the On the morning stream I had to manually enter Some trades I thought there was I guess there was an issue for a couple Minutes with trade steward but The reality is Is that the way that Trade steward looks at the opening VIX It was showing that it was Contracted and so that's So it basically was filtering out My trades based on my VIX filter Is what I came to realize when I looked at the bot Activity logs Yeah there was an outage but that's not why my bots Didn't fire So it's showing that the overnight gap In VIX was minus 2.36% Or remember it was VIX had contracted until Like that 15 minute freeze And then the Stocks really started dropping And so VIX ended up Being up to open the day The overnight move was up Which would have Qualified those trades but Based on Excuse me Based on where trade steward Had the VIX opening They had it still contracted Well that's a good point Michael Todd So here's what it So here's on my Like my one DTE iron condor Has a 0.25% VIX filter Overnight move And it's showing the overnight gap here Minus 2.36 Oh Well What's interesting though is And About a Oh yeah I didn't see this before so at 931 In 16 seconds it was showing VIX gap was up 2.15% And then Two minutes later it showed VIX overnight gap was minus 2.36 And then it does show that there was some Some errors but So I don't know I'm not sure what the I just ended up manually entering Anyway so I worked out Just got filled on 40% Of my lunchtime number 2 Or lunchtime number 1 sorry 2.3 in my challenge portfolio Just got closed out At 95% profit Still just holding the 1 to 1 ratio Which is nice and centered 6.65 Does trade steward track Your total open max risk No It shows your buying power available And everything but same thing as Toss would show you here In the upper left At half my 20% My reentry closed half In the sectors tech is down Healthcare down Semiconductors Slightly red Regional banks Bitcoin up Oil up Biggest movers on stocks Adobe and Ulta had earnings Adobe down 14% Ulta down 4 Airbnb down 3 Amazon down 2 Meta down 2 Blockchain up 8 Tilray up 7.5 Coinbase up 4% NVIDIA up 1 NVIDIA took a break this week Hitting new all time highs Yeah I saw that So did the NASDAQ And I guess SPX did too Came close Few days Tuesday Wednesday Thursday Didn't push through though But I mean you know the day is not over We guys have a 70 point rally No kidding I just didn't be out before that happened I was really happy I traded today So I need to string together more Days like this consecutive I don't even know Krish I don't even know why I have it on there to be honest I think it's Uh 21 day Doesn't mean anything to me The V-slap is not a visual indicator Wuga it's uh It's too sophisticated To go on a chart Yes that's correct Wuga is up about 10% Yeah just you want to keep that to yourself Morrow it's a family program Where's your Wuga sitting at? Is it pre-centered? Wuga is up about 13% Uh It's under the 15 strike So I'm on oh wait no I'm on the 20 30 I've got a shared strike here Yeah it's under the 20 strike so I'm on the 20 30 Okay Oh thank you Krish Not set my little alarm So I forgot it is 215 So I gotta do my 6-7 Thank you for reminding me I just posted my 6-7 Next up here in about 10 minutes I'm gonna do the 3-6 Next week don't forget We will be graced By everyone's favorite Jerome Powell on Wednesday The FOMC Statement and press conference Monday Nothing I got there's A housing market index low impact So hopefully Monday will be a good Monday Tuesday Pre-market building permits But I can't imagine that's going to be too crazy Wednesday FOMC Thursday unemployment claims Pre-market And then flash Manufacturing services PMI 15 minutes after the bell opens And then Friday Our buddies Bar and Bostick Speak Bostick's not till after the market closes Bar is at 11am Central SPX coming down a little bit Check my trade plan So I do two trades So I don't trade in the morning Because the theta usually is non-existent As far as decaying goes So I don't trade in the morning And then I don't trade power hour So I just I do two FOMC trades One is I'm selling Premium Right before the Pre-market payment comes out So that would be at one o'clock Central time So right before that I sell premium Sell Nairn Condor And then As soon as the press conference Little after the press conference starts I close that out For whatever it gives me And then Shortly after the press conference Starts On a long strangle By premium To try to capture some of the move The idea is a lot of times You get a decent volatility contraction After the data is released But the movement isn't too crazy So it benefits the iron condor And then most of the movement happens Either during or after the conference So we're buying some premium To try to take advantage of that move It's got filled on 40% Of power hour number one Wuga is up about 24% I need to get ready for my 3.6 I really need to duplicate How I traded today It's definitely doing wonders For my weekly P&L Just being more cautious Yep, just More cautious about entries That's the big thing Not going to easily enter Throughout that big Drop down and then Reverse up Your chefs gotta be helping your Wuga, huh? Le Wuga Is up about 24% Yep, it's in good shape Just entered Just posted my 3.6 In the calendar channel Next up In about 15 minutes I'll do my 4.5 VIX just getting obliterated Down a dollar From the peak Yeah, on that 4.5 Because you get a credit a lot of times I always I don't put a profit target in I just I hold it until At least Monday And then I Then I decide I want my profit target to be Depending on how it's acting What are you guys going on this weekend Chadwick? Got a Surprise birthday party for my cousin In Mary's Volcans It's tomorrow And then I'm going to be Sunday morning I'm going to stay there and then Sunday morning I'm going to go Set up some ground blinds and listen for turkeys Very nice March 25th Opening day Is that opening day in Missouri or Nebraska? Nebraska That's always earlier, right? Yeah, yep Get a blind? No, you got a mo Oh, yeah, now I've already got I got my tractor all tuned up Ready to roll I've already done a little mowing Yeah, I'm going to It's got to be dry for Several days in a row I might be able to do it this weekend actually You know you can go till dark this year, right? I did not Yeah, they changed the rule You can go down there in the afternoon Sitting there, calling, trying to get something to come in Which is a good time to do that Interesting New rule in the state of Missouri Where are you at, E. Allison? Spokane I've spent some time in Spokane I like that area I grew up in Missoula, Montana So we would go over to Seattle and Spokane It's kind of our big city Big city Vacations Man, I loved Montana I was there this summer I'm going up there In May, Mother's Day weekend Okay Yeah, we were in Hamilton, which isn't far from Missoula That's where Jordan's wedding was It's at the stock farm Where they film a lot of Yellowstone episodes Hmm Yeah, the northeast Excuse me, the northwest In the summer When I moved to Kansas City when I was 12 And it was like The dead heat August Got up the airplane It was so humid I couldn't breathe I was like What is this? What is this humidity thing? Zero humidity up there Little things like You'd leave your cereal open And the humidity would Make it all Stale and weird We never experienced that in Montana We didn't understand that whole situation So we've been here for a while My last Challenge portfolio position is Let's see It's trading at $1.15 I've got a 95% order at $0.40 to close that one Good day for the challenge portfolio Because next week My position size is going to be cranking up Because it's based on a percent It goes up 30% Still a 9-point move, huh? Expected I like that And I should be hitting 60% here I am about I'm still about 60 cents away from 60% My NDX trade I've got an order at $3.20 It's bouncing around that area Well, I have no wife and no kids this weekend So I'm sure what I'm going to get myself into St. Patrick's Day on Sunday Big 12 tournament in town There's a lot to do I do have Got baseball practice Saturday afternoon And Sunday night And then Saturday evening I'm going over to a guy's Place We've been working with this developer On some Automated trading strategies So That's what happens when the wife and kids go out of town It gets crazy It gets nuts with automated trading strategies When's your first baseball tournament? We've got a scrimmage at the end of March And then the first weekend of April is our Official First tournament Yeah, ours too Stone, I haven't seen Stone lately He's over He's over 210 now Squat's about 19 He hit two baseballs About 390 Nice He is just strong He's eating Meals, he's Taking protein, he's doing speed training With the guy that's really good At North Kansas City High School I've been very happy with His effort in the last Since football's been over In the weight room and working on speed My college version of me Would not be happy with that Situation this weekend I'm a grown up now I'm a grown man Mature I hit 60% while we were talking On my lunchtime number one Luga is going to need a bounce back up I'm just getting down to Close to back to even for me I got filled on my Luga at 515 Man, my lunchtime number One Is dead center And it's got a 25 Point range So about 12 points on each side Might just let that expire At the money butterfly trading For only about a dollar 20 minutes to go So that's not going to play out for them homes today Yeah, I need a little bounce To hit 60% on my power Our trade Let's see, are you guys seeing about The debit for the 4-5? Is that right? Those of you trading the 4-5? Yeah Because of FOMC next week So I'm looking at the Shorts I'm looking at the 50-55 puts 51-80 calls 52-05s And the 50-30s Yeah, that's right Make sure I don't have any strike overlaps 52-05 And 50-30 All right, I'm good Builded a dollar 85 on that 4-5 Need a bit of a bounce For my power hour trade Yep, need a bounce I did get, I have booked 40% On that one, so it's still going to be a winner But I was so close To getting out of 60% 4-5 and 3-5 have been Posted and the last one I got to do 47% That's it, keep coming up baby I just posted a picture Of that My power hour trade in my secondary account That is what you like to see 50-95 Puts 51-50 calls All calendars have been Posted Over 11 minutes to go Need a little more bounce Woo goes up 18% I need Oh, there it is, 2-45 Hit 60% Nice, there we go 60% on the power hour Number 1 MOC will be coming out Here in about 10 seconds So I am ready today 2-point billion to the sell side Going short, what did I just say? 2-point some billion To the sell side, going short I thought I heard 4-point Yeah, 4-point 2-billion to sell side Did I say 2? Yeah Okay, I'm short 4-point 2-billion to sell side At the money fly Not gonna do it, but At the money fly Only a dollar 20-ish Still frustrated, I missed yesterday's MOC I would have made At least 3,000 Not much of a reaction yet A bit of a drop That's actually coming down a little bit more than S&P, Russell Still got some short M&Q Futures Wuga just closed out 352 Looks like I booked 40 dollars on the Wuga It's better than being read That's right Some short ES futures I'm looking to take 6 of 10 off 777 A little flush A little end of day flush Challenge portfolio did over 10k today 10,509 Made money every day today This week, that's always a good thing That is always a good thing I just got a fill on something Sold some calls Looking for the MOC flush into the close Couple more points down And I'll close 6 of 10 I'd like to see a quick reaction Off this MOC number Let's see Let's see if we get another little push down Be more trader Said we're headed to VWAP So that means we're definitely going down VSLAP Is going to overpower VWAP Alright, come on, just one little push Lower for the kids Anybody else on the MOC trade? Meet Jean Elliott, alright let's go A little over 3 minutes Hey, coming back from VK hot Are you back dick? Just off the beach To come grace us with your presence for power Hour, I like it I already posted the 3,6 Krish That was my second one And the 3,7 was my last one Made a little more push down At 5 points I take off 6 of 10 So it didn't quite get there for me Let's get close, it wants it It wants to eat up that 51,77 Under 2 minutes ES75, I'll take that Come on, hit it It was touching it One more tick Hit it Teasing me Teased me So close, a tick One tick away If I just would have pulled the trigger one second earlier Now I'm back to even Both my lunchtime number 1 Expired Today They're gonna expire In range 3,2,1 Exit I lost 125 bucks I was up over 2,000 But it was a take away from hitting my profit target On that MSE Alright, well Good day Good day on futures Portfolio, okay day on my other count Good day No calendars on my calendar account Alright, to my friends Everyone have a good weekend Next week On Monday The 18th We'll be streaming live for 0DTE At the open And back for power hour live Alright all Have a good weekend, take care Cheers