 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, 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, more trade hackers Get ready to go, zero day options Time to make bank, get locked and loaded Then be ready to play, ay What's up everyone? How's everybody doing today? Monday, January 22nd, welcome to Power Hour Live Good to be back, good to be back with you all So for Power Hour it's looking like Potentially a straddle I'm gonna go ahead and do my normal power hour size S&P is up 11.5, NASDAQ up 25 The Russell strong, up 30, over 1.5% higher Dow up 109, gold and silver, both red Notes and bonds, green, 10 year yield down over 1% Oil up 2%, natty gas down 4 Grains a little bit green, Euro in the pound Flat Bitcoin down 4.5% VIX at 13.36 As far as trades today So my AM ratio hit 50% My 1DTE is still open It's up 28%, that'll close out at the end of the today Or if it hits a 45% profit target It's currently up about 1900 And then my DKS hit 40% So those were my BOT trades I also put out the video Using the NTT, the trend candles This is kind of a different way to look at price action And so I've been trading around those today I'll show you what I've done on those so far Took my first one, about 36 minutes After the market opened And the way I've been trading these I discussed this a little bit I'm taking a third off at 20% And then letting the rest ride with a trailing stop That I ratchet down from 80 to 40 So on the first one got out Hit 20% profit target and then got stopped out of the rest So plus 200 on that one Next one I got in at 10.20 AM These are central time Hit 20% on that one And then got stopped on the remaining So plus 90 bucks on that one And I'm doing three lots here This is just kind of still in test mode My third one got in at 11.26 Hit 20% Then got stopped out of the remaining So that was plus 9.20 on that one And then the last one I am still in Hit 20% To close a third And my remaining Positions up about 1600ish We'll lower 1500 So Tronch 1 will come in here in about Two and a half minutes It's looking like It may go inverted here It may go 50-55 inverted Or price gets close to a strike Could get a straddle Hey Cosmo, check out the Zero DTE course channel I just posted kind of a little mini course on it this morning So my first entry was right here My second one was right here And then it's been pretty choppy So the others were in there somewhere Alright everybody should have had a pretty good day today I mean this price action had a little bit of a A little bit of a jiggy dance The first part of the day But it has been pretty sideways About a 10-point range Since About 9.45 this morning So good stuff for Zero DTE premium sellers Now unfortunately I'm still in the red on that one My 4.5 double calendar from Friday Because I got in I got in so much earlier I wasn't going to be in front of my computer So I'm basically in a scratch right now Get a little down move tomorrow, that would be nice So on Friday Usually I get in at the end of the day So that would have been perfect Just choppy price action Obviously during power hour At the end of the day Friday But I got in way down here around lunchtime Because I was leaving And I wasn't going to be in front of my computer So I took the heat of that up move Which puts me right at about break even right now 4.7's doing good It's up about 800-ish My 6.7's up about 800 About 9% My 3.4 from this morning's down about 5% My 1.3 and my 1.2 from this morning are both Up a couple percent Here comes trunch number one And it went to the Yeah it went inverted So 50 puts 55 calls 55 puts 50 calls filled at 9.60 Right on Krish Right there with you Yeah Gonzalo check my Check the up in the calendar Category There's a channel called trade plans If you check that it's on the It's on my trade plan I just started trading it A few weeks ago I don't have a video or anything on it It's just I have the Option omega back test link It's on my trade plan there I should probably do a little video It is a little bit different It's a double diagonal As opposed to a Normal double calendar So a lot of times you're getting in for a credit But it's another Friday, Friday entry Yeah the time fly Down a little bit Still got some potential Still a potential for profit My VXX vertical doing well I took off a third of this For about 35% 35% of max profit So I started with 20 I've got 13 left MES strangles Rolls needed just rolled the QQQ And MES puts up on Friday So those are In good shape Took off a duck today For beak profit Got the Feb 7 one That's getting close I could take this one off too Actually now I'm not going to get 5 bucks I'll wait for some more decay on that Feb 7 duck Kelvin, I think what I'm going to do I've been testing this That was my overnight iron condor Just got filled Yup, just got filled on my overnight iron condor Kelvin, what I was saying is Let me go back here real quick Sorry I missed a couple Talon The Dick case special You can go to the trade plans channel Here in the zero DTE category And Mr. Dick K. himself Presented it So you can learn about it there It's also on my On my trade plan it's a modified version So it's not the way that It's not the It's not the OG Dick case special It's the modified version But it's on my trade plan as well Kelvin, so What my plan is here Is for the next week or so I'm going to continue to trade My January trade plan But what I'm Also implementing is Just Trading some additional zero DTE stuff Around NTT Like I described in the I posted in the zero DTE course this morning Kind of a mini course on what I'm doing there So you can watch that And so I haven't decided exactly What I'm going to do for February I'm going to create some of my back-tested strategies To make room for the For the new ones that I'm doing But I haven't decided which ones Or exactly How I'm going to do that Yeah, there's a That trade plans channel Talent is a gold mine We've got a bunch of Our most Experienced traders in there Who presented The way that they Trade their zero DTE stuff So it's great stuff Alright, so I got filled on Tronch 1 At 960 So 575 Is where I will reduce my stop for Tronch 1 The one thing I haven't decided yet Is on these kind of Tronching reentry NTT trades I haven't decided Exactly how I want to manage What I've been doing is taking Out of the position off At a 20% profit And then just trailing And then ratcheting my stop down From 80% down to 40% And then just letting that trail I haven't decided if I want to keep it Doing exactly like that I mean there's Any time you have positions on like that It's using mental capital And so I haven't decided Now once I hit 20% I'm using the OCO order So I don't have anything else to do I can kind of walk away At that point but until then You're kind of watching it and then for entries You know you're kind of Watching the charts pretty closely So I haven't decided to what Capacity I want to do that compared to My back tested Strategies Less trades but similar Capital Deployed Dick I think if I eliminate My back tested strategies to make room For my NTT ones I think my Capital will definitely Not go down But as far as trades And The amount of time Probably go up You're going to stop doing quite much I know a couple that I'll probably Eliminate first would be My PM iron condors The Tuesday and Tuesday Wednesday versions Right eliminate those The quiet lunch has done Really well so I don't hate to Kind of bail on those but if I'm replacing it With My reentry stuff then Should more than make up for it I would think So yeah I don't know I got to dig a little bit deeper on that Trunch too looks like it'll most likely be A straddle Still got about 7 minutes 6 minutes Before that comes in though Oh really dick I'm kind of I'm more scaling That up Chad pop in 20% pH number 1 Nice So Elliott You're doing AM ratios regardless If there's an overnight VIX contraction I definitely notice a huge difference In profitability With a Using the 45% max contraction Versus not using it That's one filter that I I will Definitely continue to use Trunch wounds up about 6% So far Yeah I had looked at a 10 wide Something similar to that Wuga I noticed that Had tested really well Maybe I got it from you One DTE is up about 32% Looking for 45% Well Todd sounds like you're doing well with the The re-entries Chad style Oh yeah that makes sense Wuga Yeah that would be a good one to start with Marl That's easily Bottable should be even for TAT I'm going to do a Here in about 20 minutes I'm going to do a 1 4 DTE double calendar as well Trunch 2 will be coming in Here in a couple minutes Looks like the 55 straddle Here Sure everyone enjoyed the chiefs Beating up on the bills last night I haven't heard any congratulations yet So I figured I'd congratulate myself Yeah it was a good game On top of the mountain must be from Buffalo Seattle You're just a chiefs hater What's going on Yeah that's rough Theta junky They sure put a beat down on the Cowboys though 2 should be coming in Filled at 610 On the 50 straddle 50 straddle filled at 610 Yeah that was a Brutal That is a brutal one I don't disagree with it But it is a brutal one Still trying to figure out why we give the ball to McColl Hardman to begin with But that's another story Yeah the 1 4 The straddle It basically had one big Loss If you look November 12 Was a monster loser If you take that out Which I know you can't take it out But right there That big loss Otherwise It's done fairly well I'm going to use the restroom real quick I will be back in 2 minutes Alright Looks like somebody is coming in on the zoom chat Hey Thomas do me a favor All the Messages and posts Are in the zero live chat channel in discord But to answer your question Yeah Tronch2 is targeting $3 That's correct So closest to $3 was the 50 Straddle Tronch1 is up about 11.5% Yeah Thomas it's the zero live chat channel You'll see it when you're in discord You'll see all the All the chatter going on That's where we keep it during the live streams Welcome by the way If you're new I assume It was hard work Kelvin It was a lot of hard work Vacations are difficult for me That was fun A lot of hiking, a lot of Eating I was in California Southern California Taranaia Resort Which is Ranchos Palos Verdes And then We'll time in Newport Beach We'll time We hiked up to the Hollywood sign That was a good hike Oh you're in Irvine Kelvin yeah we were right there Went through Santa Monica Yeah I gotta crawl before I walk My last re-entry is doing good It's up about 2100 S&P In the midst of a little bounce Few points So Tronch2 I got in at 610 So 365 I will reduce my stop on Tronch2 Yeah I actually traded power Hour from my phone Via my bots Hiking up to the Hollywood sign Friday I was only able to get Tronch1 and Tronch2 Because then I lost service For a little while Once we got up a little higher it came back Started to get a little nervous I ran up I had to get higher So my service would come in Alright so my 1-4 I'll be putting on here shortly I have to adjust my deltas slightly on this 1-4 Because of other positions Between 20 and 25 I'll wait another few minutes So my last re-entry Tronch Is trading at 540 My stop is at 670 Tronch3 is coming in Filled at 420 That was on the 50 puts 55 calls 4850 is my sweet spot Somewhere between 50 and 55 Preferably Closer to 50 Filled on my 1-4 And just posted my 1-4 in the calendar channel PSD If you look at my screen here I've got the calendar up So tomorrow There's basically no news There's the Richmond Manufacturing Index 30 minutes after the market opens But other than that There's really nothing going on I'd rather have my shorts there Than I would on Wednesday Which would be the 2-day 2DTE Which has flash manufacturing PMI, flash services PMI Most likely those aren't Huge deal either But I'd rather have my shorts On the 1-day rather than the 2-day Which is why I also did a 1-2 And a 1-3 SPX pushing up My last Re-entry is about to get smoked out Stopped out 695 Man, SPX is pushing Tronch2 is the closest to getting stopped It's trading at about 8 bucks 910 Tronch1 is still green Tronch3 is a ways away But this thing needs to simmer down Simmer down My 1-DTE iron condors at 35% That one may hit 45% Before it closes it out At the end of the day So my final tally on My re-entries So plus 200 Plus 920 And plus 2120 So what is that 3 About 3300 Or 83 million cell side First early indication So Tronch1 and 3 are at the 50-55 Tronch2 is at the 50 Strattle, so that one's taking the most Heat Still pushing up Had a nice juicy ribeye steak for lunch today I know you guys are always interested In my lunch My meal plan Just cooked indoor Too cold for the Blackstone It is icy out On my way into the office this morning I was pulling up To my building There's kind of a hill that goes down Right in front of my building Before I pull around into my parking garage And I started going down it And I was in my Truck But this thing was just a pure Sheet of ice And I just Barely pressed on the brakes I was getting no traction Stopping Luckily As I drifted through the stop So that could have been Could have been ugly Trading at 56 I'd prefer something under 55 55 Between 50 and 55 Closer to 50 I do have a TGIF as well that I Added a diagonal to last week Sitting in range but Need a Would love some volatility expansion Would kill For some volatility expansion SPX popping back up Crunch twos trading at 750 Stops at 910 Trunch one still up about 10% Trunch three is right at A little bit green 5% higher New all-time high today My friends 4868 How high can we go? NASDAQ new all-time high Today of 17,450 Now Jones All-time high 38109 And the little rut Having a big day But nowhere close to all-time highs Seriously, can we get Some profit-taking? Does anyone want to take profits? There you go Push back down under 55 Oh, thank you Ron It was a good game It's just amazing Patrick Mahomes Has never not played In the AFC championship game Since he's been a starter That's just insane Ron, you're a Broncos guy, is that right? Am I remembering that correctly? Yeah, you guys beat us down For years, so It's our time 45 years Well, yeah, there was a Period where we could not beat John L.A. Not until Joe Montana came to town Still 483 million sell Side This was my favorite thing at the end of the game Hang on one second here I snapped a pic of this from my TV Bill's fans crying in the stands Sorry, Bill's fans There's any here But that was funny Trunch 1 is up about 18% I'm looking for 40% To reduce my stop Trunch 2 is down 5% Trunch 3 is up about 18% My 1DTE iron condor Will close at Yeah, a few minutes before the bell Or if it hits 45% It's currently at It's currently at 36% I don't think it's going to get there All right, getting a little Get little red bars coming in Nothing crazy, just pause Pause, pause Then that piss you off, Hugo You got to have the ding You got to have the chime Trunch 3 up about 30% Trunch 1 up 25% Trunch 2 back in the green Up 16% That's when you leave your computer on And you mute your business phone I'm in power hour I'll call you back You just need to have an auto response that says that Currently participating in power hour I'll have to call you back after market close Still 483 million To the sell side So if we do hold And bounce a little bit On my one DTE Before end of day Hugo's drinking on the job again It's always the same Time of day for some reason Maro Dickay posted a A 3DTE QQQ Back test a while back I don't know if you looked at that There's the QQQ one All right, down to 50 51 Trunch 2 at 33% Getting close to stop reduction Territory Trunch 1 at 27% All right, let's keep a nice Low market on close In balance number Anything over 3 billion I will be trading Some futures on A little bounce back up to 52 Final market on close Number will be out shortly 1.2 billion sell side So no action on that one Trunch 3 up 25% Trunch 2 up 30% Trunch 1 up 28% Still no stop reductions yet Still looking for 40% On 1 or 2 Trunch 1 or 2 Getting a little bounce here Up to 54% Slow down Slow down little buddy Trunch 3 up to 54% 8 minutes to go Trunch 2 is a straddle So I will be closing that one At 5 minutes till Trunch 1 is getting close Trunch 2 I can reduce Trunch 1 is getting close All right, let's stay right above 50 here Trunch 1 is at 37% 38% I need 40, then I'll reduce my stop on that one My 1DTEs At about 39% There's Trunch 1 reduced All right, so I got stop 1 Trunch 2 reduced Trunch 2 is a straddle So I'm going to go ahead and close that one Here at 5 minutes till the bell Short strikes are at 50 Price is trading pretty close to 50 Closing Trunch 2 Trunch 2 filled at 310 Nice win So Trunch 1 and 3 are both 50-55 So if we can stay between 50 and 55 I like to get a pin My 1DTE is getting ready to close Should be coming in right now So Trunch 2 I booked 49% 3900 bucks 1DTE closed at 825 3 minutes to go Yeah, Tom, I've got my I do my power hour with trade steward When I ratchet my stops down I have to do that manually But the rest of it The entry and all that stuff is all automated So my 1DTE I booked Trunch 3 is at 89% Which is good for A little over 2700 Trunch 3 is at 89% Just got to stay between 50 and 55 My friends Trunch 1 was inverted That's why it's only shown 46% Tom, I just started using bots A couple months ago So I'll be doing some videos on it They have a lot of There's some I mean they're pretty self-explanatory Every little Feature you can change or whatever But I pretty much just Look at an option to make a back test And just create all the filters And criteria from that But I will be doing some videos on Bots here shortly I just want to make sure I'm working Through all the nuances before I Start putting out some content Around them 1 minute to go Stay between 50 and 55 It's creeping down towards 50 Keep your head above 50 Come on, you can do it You can do it, I know you can do it It's right at 50 now A little bit below Back above Playing with my heartstrings 20 seconds to go And then the 49 handle Above 50 5 seconds And ding ding ding Closing price 48 A little above 4850 And some change So pin, trunch 1 and trunch 3 So good day No losers, no zero DTE losers That is a good day in zero DTE land AM ratio Book 3300 One DTE Book 2700 DKS Book 1300 Trunch 2 Book 3900 Trunch 1 Let's see what that will end up settling It Between Trunch 1 and 3 I'll book a little over 5900 Good day for the good kids That's two big power hours In a row my friends Friday and today Alright so See Tomorrow is The 23rd So I'll be streaming live in the morning And we'll be back for power hour Well, take care, have a good night Chat with you soon