 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 game, we follow the plan, that's how we 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 Start the show, come on trade hackers Get ready to options, time to make bank Get locked and loaded, then be ready to play Hey everyone, welcome to Power Hour Live Monday, March 18th Hope everyone's having a good day I'm having a pretty good day so far I've got a one-to-one It was at the 55 straddle that just fired off After my other one got stopped out for profit on that move lower And then I've still got my original 3-2 From this morning And I've got my one DTE It's up about 1700 On that one I've got a Let's see, I've got a profit target of 6.95 It's currently trading at 8.40 Then in my other account I've got a Wuga It fired off on the 50 put, 60 calls Filled at 4.20 And then I've had several of their price action trades That have all been winners Chadwick, how are you? Yeah, doing pretty good Had my very first trade Barely got stopped I mean it literally hit it And then popped right back up So that was a full loss But besides that My next two are winners And I just Put on my first power hour trade I'm gonna post it real quick My second account that I trade Didn't get stopped on that first one And it's up over 3700 So it's just, I get survived That big down push that we saw I wouldn't say big down push I guess But the one that cracked through lows And Right at noon Yeah, so the difference between surviving And not surviving it About 3700 dollars difference Yeah, we've Tapped that low of day that Basically the low, right where the market opened Low at the first 5 minute bar Yeah, I But I've scratched and clawed And I'm back in the positive So with And I actually just got filled on Just hit 40% on my lunchtime number one So kind of a weird Monday But turned into a decent Monday Big pre-market rally sucked all the premiums out But stayed pretty steady 20-point range Expected move to start the day It was about 20 points So we went up and hit the upside expected move And then just kind of Trailed down and chopping around I said 20% One of my trades Hit my 50% on my AM ratio I did take a discretionary Some discretionary puts I posted in the day trading channel When price was up here Right below the expected move Chopping around Kind of bouncing off that Top of that first 5 minute bar It looked like a good continuation runner So I sold some puts And about some futures But I cut it really quick As soon as it broke down below that consolidation So a couple small losses there And I did not get into my NDX Because my bot didn't fire And by the time I thought about it Premiums were too low So no NDX for me Yeah, they got to fix that It's something going on Right at the beginning of the day It's now happened several times Not sure if it's an API issue Or a trade steward issue Or what it is Yeah, the 4 of 5 Is green Actually, I have an order at 3 bucks In case we get a little flush My profit target would actually be at $2.45 But I put in a $3 order just in case We decide we want to come down Actually, I'm going to cancel that If we do flush down I could book more than that I also put on a single put calendar After we had that big volatility contraction It's up a little bit Up a couple hundred No, Tom The up day and down day Are from the open of the day Not the previous day's close So right now we are only We are basically Just barely above the open Did you get any Wuga before we had that What was that about A 9 point move 15 minutes ago I am in my Wuga Got in it right before 2.45 So it's up about 16% so far At 2.40 there was that move down That was about 9 points I guess it was right at 2.40 Yeah, so I got in right after that Or 1.40 I mean, I'm sorry 1.40 I didn't get in right after that I didn't get in 1 because I had overlapping strikes So I just couldn't do it Yes, Dick K, welcome back Hope you're refreshed Recharged Ready to trade Pay in the house So some of the big tech stocks were up earlier Tilray is up 10% Tesla is up 6% Tesla finally getting a decent little bounce Google's still up over 4% Adobe up 4% PayPal up 2.5% Netflix up 2% Meta up 2% Apple up 1% Dick K, let's see it Oh yeah, for sure Gotta have picks SMCI down 6.5% That's a big drop Dick K, I know you're trading smaller size On vacay but you may have been able to Pay for your cyber truck With last week's trading You probably did anyway 2 and a 1.3 earlier Both of those are slightly green I'm going to put on a 1.4 Here in about 30 minutes Don't forget we've got FOMC On Wednesday Oh thanks, Dick, appreciate it Oh yeah Oh That's awesome Oh wow, yeah How's it ride? Like a dream I've heard pictures Don't do it justice either I've heard they're just amazing That's awesome Last time Elon Musk was on the Joe Rogan show He had Joe Rogan Shoot his 90 pound bow At it And the arrow just bounced off Barely put a nick in it Yeah, I bet It's a head turner and that's for sure The Wuga is up about 18% Nice My last price action trade Is up about 30 My re-entry at the 55 Straddles up about 15 My 1DTE I need to hit 695 It's trading at 8 bucks My lunchtime number one Is sitting dead center I've got the 60% profit Target on it but I've got three contracts left I'm going to lower it Because it's sitting dead center And it has a It's got about Eight point range on each side Seven and a half DK, how long were you on the list? How long ago did you put your deposit down? Yeah, I was going to ask how long that took to get it Three years I feel like this market wants to Break through lows here Yeah, I was 10 cents from getting out of my power Hour number one I was kind of wishing it would have gotten out Still sitting pretty centered though And when did you put that Original deposit down For the 2025 one Three years ago Wow Looks like the at the money The 60 flies trading for about a buck 25 Hour number one got filled 20% 40% on one So my Wuga could use a little down move Yeah Big push up here Now just a 1-4 DRB 1-2-1-3-1-4 VIX breaking through lows of day Your 1DTE hit I had to manually get in mine I'm still about 90 cents away Make sure I calculated that right 1265 695 Oh wait 1265 60 butterflies trading at about a buck 20 Not sure we'll get to play with my Homes today maybe 5155 would be ideal Yeah, I was looking at the 516 Straddle for power hour number two But still thinking about Not going to go this push up I'm going to hold off SMH was up over 2% Now only at .82 Got some juicy premiums in SMH You might sell some premium Used to do SMH strangles all the time It's priced nicely now Ivy is pumped It's contracted a little bit today Just posted a SMH strangle In the option selling channel Didn't realize that Ivy was so juiced I can get out of my 1DTE And then get a move back to 55 It'll be a great day Yeah, I can use a little pullback here So what are the probabilities On their interest rates? Is it pretty close to 99% of staying put 99% chance We stay You talking about Wednesday? Yeah So the last remaining 3-2 From the small names that are $1.75 Orders at $0.95 Wuga is going to be close to 50% If we come down to 55 as well Yeah, I can use that Anywhere between 55 and 60 Did anybody watch the John Oliver Bit Unbowing That I posted over the weekend It's pretty funny Makes you comfortable to fly right now, doesn't it? Good luck discount We'll be thinking about you At the money fly It's trading for about $1.50 $1.40 Get a little pullback here See, what was that? Something just filled For $0.95 That's happening to you Nowadays I got so much shit on What's that? Something got filled I know That could very well be As well That would be I've got the old I don't even know what you call it The birthday that you don't want to have Coming up this year Yup Boy I still got a few years Before I have to let that one Come out of my mouth It don't sound very good That's right Yup, 100% It's true, Jay Is that one of those 100% back tests That always gets broken though? Or how confident are you on this? Alright, SPX I'm a dip in around 60 Ooh, I know that one, Wooga I can't place it Don't tell me Ah That's right Now I remember Alright, so I got the $55 Strattle in my challenge portfolio Left And the $1 DTE I've got the Wooga left In my Other account Wooga's at 26% We'll down move, we'll hit it Alright, so I need a 1-4 Need a little bit of down movement Hit 40% My power art trade Need 30 cents Alright, 1-4 posted in the calendar channel Little bit lower Just tad lower, please Here we go Hit 30% On my Challenge portfolio position It's partial fill I got two hanging in there still Yeah, I'm about 20 cents away From 40% Need down and fill A few of my contracts But not all of them Discount, I'm not sure which one you're talking about I had, because I had to manually enter I think that one may already be closed out I think that one hit 95% So I put a profit target in it 95% and it hit Not 30 minutes to go Yeah, that was that 95 cent order that I didn't know quite what it was at first I was looking at trade steward But that was the one that I entered manually this morning when my bot didn't fire There we go, there's 40% Wooga's at 42% Little bit lower Discount, I do still have my original 3-2 from this morning, it's trading at $1.75 And my 95% order is at 95 cents It's trading at $1.42 About 35 60 butterflies trading for about $1.55 $1.60 maybe Less than 30 minutes to go One DTE still has not hit I still need another buck to come out of that I didn't want it to bounce right back up But I got to remember to close my one DTE Since it's not Botted Go ahead and adjust that to Let's go $7.50 Lay Wooga needs to move down That to about 45% Not quite there A single put calendar on It's already at 10% of debit paid I'm going to hold till tomorrow Come on down Wooga, come on down There it is Wooga hit $50 Nice So now I just need to hang around $55 So I'm going to change Since this is a straddle I'm going to change my profit target to 85% And then I'll get out as we get close to the bell No good on the weekend Wooga, huh? The real root The real Wooga is a weekday player anyway Wooga is not a weekend warrior anymore $6.7 has come to life Except over 10% 20 minutes to go Kind of in between strikes here Not sure we're going to get to $2 I don't think we are Yeah, my power hour is setting dead center now Got my audio streaming For the MOC number So don't miss it today We'll get it closer to $51.60 That $51.60 fly Might be close to $2 Right about $1.80 Trying to get out of my 1DTE at $7.50 Currently trading at $7.80 $7.90 Need 20 cents 20 cents I'll be at 60% Power hour number 1 60 and out Are you going to leave some? I will have 2 contracts left After hitting 60% Sitting pretty close to center right now 3-2 Just filled at $0.95 So now all I have left Is my 1DTE And my remaining 1-1 There we go Filled at 60% 2 contracts left Nice I'm going to go ahead and get out of my 1DTE here And it would be amazing If I could just let this power hour 1 expire Alright, out of 1DTE at $7.70 Alright, I got some strikes available from home If he wants to play Trading at $1.80 maybe Go ahead and put my order in at $2 On the $51.60 So I can trade in at about $1.70 If it gets up to $51.60 It might fill Got about 3.5 minutes Before the MOC number Have a good one Discount Get up there 2 points Give us a shot I'm going to put a $51.55 on as well Just in case It's right in between strikes I need to go down to $55 Or up to $60 Got about 700 bucks left A little over $11,500 In my challenge portfolio today Nice If I keep on track with this I'll hit my $15 million goal in 18 months Alright, we got 1 minute Let's get to a strike Pretty sure we can get filled at $2 If we get up to $60 Or down to $55 I got about 600 bucks left In my trade here With 11 minutes to go Sitting dead center Alright, MOC announcement Coming here in about 10 seconds 5.6 billion To the sell side going short It's coming down I did not get filled on my fly though So I'm going to cancel those I got stopped I got one stopped After 60% I had to close my last Entry there To straddle Alright, looking for a flush For MOC 5.6 billion Got 10 short Contracts, I'll take 6 of 10 off it 5.5 Cracked through loads of day Again 5.6 billion sell side Yeah, I missed a nice winner last week I completely forgot about it I'm short, yeah Short at $52.17 $25 I need $52.12 $25 to take off some Come on down The price is right Let's see that, Elliot Let's get a few more points here My 6.7 is now up over 15% Let's see Where's the 4.5 trading I should have liked that drop Let's up a little bit If I can get $3 for my 4.5 I'll close it I'll be about a 40% profit I think Got close to my target A little lower One more push Got in a Point above me $52.18 Yeah, 3 quarters I have a point above me 4 minutes to go One more push Too bad I didn't get filled on one of those butterflies Anybody get filled on an end of day fly Not the 55's But it blew through it to the downside too quick There we go Took off 6 of 10 Let's see how much more they can give us Yeah, I hold the remaining right into the close I've got my order down at $52.02 In case it really gets Down and dirty Yeah, I start my stop at 10 points I can drag it down here Minute 40 to go Plus Plus $34.30 for me Nice Three winners and one loser A $3,150 loser That Well, it's been a real good day Nice, Tom There's the bell So I made $1,500 on the MOC Take it! All right, all Let's see for day trading live streams Tomorrow Tomorrow is the 19th So Chad is in the morning Doing mighty 90 in runners And we'd be back for power hour I gotta update the calendar We won't have power hour on Wednesday All right, everyone, have a good night Take care Peace!