 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 trade it. Have success, five probabilities is one to dismiss greed and doubt. Focus on the process, not the money. And 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. What's up, everyone? Welcome to Power Hour Live, March 28th. The last Power Hour of the week. Last Power Hour of the month. So far so good today. Got my 1DTE on. It is, it's only up 19%, so not great decay on that one. Well, let me just bring down my trade steward a little easier. So let's start with the old challenge portfolio. So let's see, up around a little over 8,000. Actually, no, that's not right. It's closer to 10, about 9,900, because I had to disable one of my bots because when I reduced the size, it was tossed, it was having fits with it. So anyway, up about 9,900 on my challenge portfolio had a 3,2 that I reduced. It shows trade close, but I'm actually managing it on Taw, so it's still open. My one-to-one closed half at 30% reduced stop. That one's up about 60-ish percent. There's my 1DTE, and then there's 3,2 that fired. And then, in my other account, up as well, up about 5,500. I hit 50% on my Thursday AM ratio. My NDX is doing good. I've got five quiet tranches. Usually don't trade these on Thursdays, but I treated today like a Friday. So those have not hit profit targets yet, but they're all green at the moment. Got my NDX well centered. I did put on a Wuga. I got conflicts in my toss account, so I put it on to my trader account, but I did get on a Wuga filled at, what did I get filled at? 525, my shorts are the 5250 and 5255. Yep, got in the Wuga, same as Wuga. It's interesting this, these options are still pricing in a move here at the end of the day. We've obviously had a couple big moves the last two days at the end of the day in the last hour, but if you look at like the 55 butterfly, for example, it's not even trading for a dollar. It's like 85 cents, which for this kind of movement, these things would typically be trading for a dollar by noon, central time. Yeah, I don't have Thursday on my trade plan either, Meach. I just, because it's the last day of the week, I figured we'd have pretty modest price movement and we have so far, just hit one quiet tranche, 40%. One's a couple others are at 35, so if we kind of hold up here, these should be popping. Yeah, I just, I decided when I woke up this morning that today's Friday, so in my mind, that's what I decided. I don't care what Mother Nature says. I'm saying it's Friday. We are currently back up towards highs of day. We hit a high of day at 52, 56. All-time high is 52, 61. I think we're gonna create a new all-time high today. Dick K, you know what I bet? Hey, you wanna wager going into the weekend? You wanna wager going into Easter? Dick K's not even on here, darn it. Man, I guess he gets lucky again. Somebody tagged Dick K and tell him I wanna bet him. I wanna bet him that we get all-time highs today. Oh, new high of day, three points away. Thanks, Ken. We need to calm down for a second. Let some profit targets hit first. I don't think it's gonna wait on me. I think he just wants to go. It's that last hour of the day. That thing has been vicious the last couple days. Still got a couple of time flies on. 52, 58, three points away. Look at this thing. And I got stopped out of a quiet trunch on that move, one of them. And we already hit new all-time highs, so Dick K lost. That's why the options had a price that way. They knew it. Oh no, I didn't get stopped out of a quiet trunch. I got stopped out of my challenge re-entry trade for a profit. Yeah, this just really loved to make those little spiky moves during power hour, hasn't it, this week? Let's see what else we got here. Oil's up 2%, gold, new all-time highs. 2246, wheat and corn, big jumps. Bitcoin up 3%, not quite back up to all-time highs. Over 71,000. I am long some MES micro futures, just tiny for micros. Just got out of one on that push. Not like we're gonna get all-time highs, so just playing bullish on that. If you are around tomorrow, we'll be doing the futures day trading class. It's posted in the day trading chat channel. Afternoon, 1.30 central, I believe, yeah. Yeah, opt for dollar, I would say, if I had to guess. My crystal ball is working, I would say that we're gonna close all-time highs. Look at that VIX getting crushed back down to 12.88. Well, now I need a down move for my quiet tranches. Those were all looking so beautiful. I had one at 40%, two of them are still green, but two of them went red. Well, now you're really asking me to go dig deep into my crystal ball, hanging around 62s. Rhett's been the strongest all day, but it came off quite a bit. Really even looked at stocks today. Restoration hardware up 18%, after earnings, looks like, yeah. Coinbase up 3.5, Ulta up two, Spotify up two, Nvidia barely green, Amazon barely green, AMC down 15%, Reddit down 11%, DJT down 6%, Meta down one. One DTE is still green. Our remaining one-to-one ratio is still green as well. Here's a combination of all my quiet tranches, so they're still fairly centered. Yeah, Meach, I'm gonna hold that until next week. What's the expiration on that one? Is that the 12th? There's that. Let's see. Yeah, the 12th. Yeah, so I'm gonna hold that until next week. Don't have any calendars on, don't have any ducks on. Yeah, I got some questions about doing calendars today because the market's closed tomorrow, and I'm not doing any, just got, you know, still the holiday week, low volume. We do have some event risk tomorrow. PCE is announced pre-market. Oh, market's closed, but an hour before the market would open. And then Powell speaks at 10.30 a.m. tomorrow and another Fed speaker daily. So I just, I didn't feel like it was worth the risk. Yeah, it sure is, Ken. They are still pricing in a move here. Rest of the day, 55 butterfly trading for 75 cents. We'll snap back to 57. See if she's gonna make another run. Still got some long futures. Wuga, still in range. Looks like it was down a little bit. SPX is trying to pop back up. So let's see, I gotta put in my profit target on Wuga. It's really closer to 52.50-ish. This is my sweet spot. If it can settle back into that consolidation area. I'm officially out of my third drawdown of the year in one of my accounts as of today. Unless something crazy happens. First two weeks of every month. It's been rough. And I have to claw back and get back to even by the end of the month. Done it every single month this year. Challenge portfolio is kicking ass. Started this month in that account with 141. It's at 204 right now. I still have to, so I close half and I reduce the stop when it hits 30%. That's the only manual interaction I have to have with it. So I'm hoping that trade steward gets that functionality that can reduce stops. Kind of ratchet down stops. So I can get that fully automated, but so that's the only manual intervention I do. Tweak my test to take off. I'm not sure what you mean, Meach. Tweak my test to take off the close half. Right now, when it gets to 30%, I close half and I ratchet my stop down depending on it's a one to one or a three, two, couple different levels. Yeah, I tried different things. I mean, well, I mean, I could, well, yeah, trailing stop didn't perform nearly as well. It actually, my reentry strategy would actually perform a lot better if you just don't take any off. But I traded it, you know, when I was kind of testing it to figure out exactly what I wanted to do starting March 1st, I just decided I psychologically I just feel way better when I take some chips off the table. And so that's what I decided to do. I just, I could feel myself not sticking to the plan if I didn't do that. And so that's what I decided to do. So I just used the old Meach strategy of alerts. So once I get in the trade, I set an alert and toss kind of the way that you mentioned you do Meach. And then when it gets close to that 30%, I'll get a text, get a ding. I'll go in and just one time, reduce position size, reduce stop, and then it'll be on autopilot from that point on. The Meach alert. Grish, played to the P&L, closed all positions, book 4,500 for the day. Good close to the month quarter. Could've got a bit more, didn't want to get back. Have meetings to go to 12% for the month, nice. 27 for the quarter, started zero DTE May of 2023 as of now, doubled the corpus I brought in. It's awesome, Krish. Congrats, man. Good stuff. All right, Dickay, you lost. Bet accepted and lost. I said we were going into all-time highs before we broke out. I said we were going to all-time highs, somebody tagged Dickay, tell him I want to bet. And of course, again, I won, but you didn't accept in time. I'm like 4-0, these last four bets against you. He was just acting like he didn't hear me. He knows I've got his number. Yeah, Talon, it's on the back test. So I have a 3-2 reentry that I ratchet the stop down to three, $3 on that one. And then the one-to-one, I ratchet down to two at 30%. Creeping back up towards highs. Yeah, so, and then Talon, that stop is $2 or $3 above whatever the current price is that when I hit that 30%. Yeah, that one DTE, aka 4DTE trade, that one needs a little bit of move down, too. Get back to center mines up about 11% right now. 60 flies trading for 80 cents or 90 cents. It's not trailing. Yeah, so I take, so based on the credit that I got, so let's say I got a $19 credit. I would take 70, you know, 19 times 0.7. And then that, so there's your 30%. And then I would add two bucks to that. And that's my new stop, fixed, no trail. I'm just pricing out the $5 butterfly. Usually when we see just real stagnant movement like this, they'll start trading for $1 by about noon central. But they're keeping some premium in these options. You can still get five wide on $4 strikes. So by the way, if you're new here, I'm not doing any kind of normal power hour. Today's kind of a neutral day. But if you're new here, I'll bring over the discord. So make sure you go to 0DTE resources. Scroll up a little bit. The first post, there's a 0DTE checklist for new members. So start there. There's the strategy courses for all, for the different 0DTE strategies that you can check out. There's the trade plans channel where I post my trade plan every month. So this was the one for March. Tomorrow I'll be posting the way I'll trade all strategies for April. And there's a spreadsheet, has all the strategies, option omega back test links, all that stuff, as well as there's other, some of our more experienced members who we have posted their trade plans in here as well. There's Dr. Chads, he has a channel here as well, where you can kind of follow along with the style of 0DTE that he trades. And there's a bunch of other ton of good stuff in there. So that is the first place you wanna start. And during these live streams, especially on a week like this where there's a lot of, there's really slow, plenty of time to ask questions. So as you go through the courses, kind of start to learn the strategies, we are here to answer questions, help fill in any gaps that you have. So on a day like today, just managing my positions that I had put on from earlier, not wanting to get into anything else, this interesting, implied volatility going into the holiday weekend is interesting. And we're still showing an 11 point expected move the rest of the day. I did not find a source for the early indication on MOC. Now, I haven't looked, but I haven't found one. It hasn't come to me anyway. Yeah, core PCE tomorrow, Jerome Powell speaking tomorrow. You know what? I remember looking at that. It's the trade flash widget. If I remember right, it was pretty delayed. I could be wrong, but it might have been something else I was looking at, but it's this trader flash widget. And I don't remember if they did the early indications or just the final one. I'll watch it. Here in about five minutes would be the first indication, early indication. So we'll see if it posts. Well, it's not that the early indications aren't out there. It's just that the data source that financial juice was getting it from, stop providing it is what they told me. New all-time high, 52, 62. Yeah, it looks like there is a market on open imbalance as well. I've never really paid attention to that though. And I just got, when did I get stopped out of, stopped out of my remaining one-to-one ratio in my challenge portfolio for profit? And I still have all my quiet tranches, but they're definitely gonna need a down move. Yeah, I've never really paid attention to that market, market open imbalance. I don't really know the details about if there are certain things that firms do at the open. I've never really heard anything about that. I mean, the market on closing balance is the thing because the firms are required to report what their net inflows and outflows are. And it's executed as a market on close order. So I'm not even sure what the market on open imbalance is all about. All right, come on back down little buddy, you got your all-time high. Chad's at the Royals game. All right, so that first indication should be coming out. Let's see, let's see. Let's see if Toss reports it here. 230 is right now. Nothing after 15 seconds. Nothing after 30 seconds. Meanwhile, SPX up to 52.65 almost. Yeah, no early indication for MOC. Yeah, I need to get back down below 60 for my quiet tranches and my 1DTE. My Wuga is down about 22% because the comeback in the range, party's just getting started, Chris. I don't know what you're talking about. The Chad, welcome to the Chad. The Wuga is, well, Wuga is one of our members and he kind of came up with this strategy. So we just call it the Wuga. It is, here's the back test link to it. It's just a 40 Delta, 10 wide, no stop. You're only going 10 wide, so that's your max risk. If the market gets crazy, perform very well over the years. All right, S&P, let's just calm yourself down. Come back in, give us a nice little Easter egg gift as we go into the long weekend. Oh, spiky spiking VIX. It's only 10 cents, but it looks big on my chart. There we go, profit target hit on a quiet trunch, 40%. Still have three open, when DTE's up about five something, it's up about 14%. 60 butterfly, just still not trading for a dollar. The options are still pricing in a little bit of movement here. Who's the better Chad though? Doctor or the? That's the question. Yeah, it should be fun, Neil. I'm glad that it worked out for tomorrow. The market being closed and all. The Chad, if you got your PhD or your doctorate, then you could call yourself the Dr. Chad, and that would trump everything. All right, nice little pullback. I'm ready to hit 40%, another quiet trunch. Is it 39? He's come back down just another tick, another point. My remaining three are at the 45-60s, 45-60s, and 40-55s. Has anybody seen the movie, The Card Counter? I was looking for a movie the other night, and it popped up. And I was like, oh, Martin Scorsese? I've never even heard of this movie. It's from 2021. I was like, this should be good. It was okay, the acting was terrible. I'm a little shocked that it was a Martin Scorsese movie, but anybody else seen that one? No, I guess not. Wouldn't say I'd recommend it. I didn't quite get my 40%, bounce back up. Oh yeah, Rain Man, that's great. That's a great movie. Great flick. There's my 40%. All right, so two quiet tranches to go. One's at the 40-55, one's at the 45-60. My 45-60 is at 33%, so it's getting close. If we keep coming down a little bit. My 1DTE likes this little down move. It's back up to 18%. Wuga, it's trying to get back in range. Vix, back above 13, close to highs of day. That's interesting, as the SPX is just off of its highs of day, and it pumps some premium in so nobody gets that free theta decay over the weekend. And there's another 40% hit. So now I've got my 1DTE left. I do have my, I still have my NDX, which is looking good so far. And then I've got one quiet trunch. It needs to get below 55, 15 minutes to go. So yeah, it doesn't look like any early indications are posted on the TOS widget. SPX back down to 52, 58. MOC number will be reported here in three minutes, Naughty Dog. Yeah, the last one you see on there was, that was yesterday's, but that's what you mean. What do you paper trade with spy talent? Like a power hour type trade? So do you plan on trading spy when you go live with real money? Reason I ask is, because I would, okay. I was just gonna say, if you plan to go to SPX, you might wanna paper trade with SPX as well, but if you're gonna go live with SPY first, then it makes sense. Yeah, madam, look at these butterflies. Only trading for a dollar still. That's crazy. Craziness. 12 minutes to go. Does the options? No, we're gonna have a big MOC number. What's going on here? Still showing an $8 expected move. All right, MOC number in 30 seconds. Got to remember to close my Wuga out here in a couple of minutes. 385 million buy side. Nothing, nothing burger. Made $82.50 on my micro S&P future trade today. My one DTE just closed. Oh, hit 26%. It's not bad. Wait, no, that's not closed. Did I just close? Oh, that's my 40% on my last quiet trunch. Nice. Very nice. So all quiet trunches ended up hitting 40% somehow. I thought I was dead on a couple of them after that push higher. All right, so my one DTE will close out here in a couple of minutes. It's currently at 21%. And then my Wuga is just underwater down $40. We come down. Might be able to scratch out a profit. It's time to close it though now. Yeah, NDX looking good. Should expire for max profit. My profit targets at 20 cents. I don't know. Yeah, 20 cents. I don't think that's gonna fill. Well, maybe it will. One DTE's at 24%. So my bot will close that one out here in about two minutes. I need to close my Wuga. I got distracted. I was supposed to close Wuga two minutes ago. Filled at 410. So scratched out a little profit on Wuga. In at 525 at 410. Take it. No losers today. I wanna count up 9400. My challenge portfolio up 6,100. 2,300 on my AM ratio. 1,100 on a quiet tranche. 500 quiet tranche, 660 quiet tranche, 590, 560. NDX will expire for max profit. Challenge portfolio. Well, that's not actually displayed right because I had to manually close that one. So yeah, about 6,100 total. Good day, good week, good month. I like closing that a month like this. So my one DTE is closing right now. Filled at 975 on the one DTE. Yeah, Talon, you can do that. I actually can't remember how. I remember Dick K. does that sometimes. I've never done it, but I know you can do it. You don't have any more open positions, so I can't try. Well, I guess I could try on something like this. Let's see, remind me, Dick K. How do I do that? Yeah, here we go. So just, yeah, get your closing order. Click on the little settings wheel over here to the bar right on your colored order bar. And then you'll see it right here. Submit at specific time. All right, my friends, jump off here. Everybody have a good long weekend. Have a good Easter. For those of you attending, don't forget, I posted in the day trading chat channel. Tomorrow, 1.30 p.m. central will do the day trading futures class. For those that can attend, it'll be recorded for those who can't be there. Look forward to that. All right, I'll take care. Talk to you soon.