 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 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 day options, time to make bank Get locked and loaded, then be ready to play Hey everyone, welcome to Power Hour Live, March 11th, Monday And a glorious Monday it is We have had a pretty tight range here I actually got flushed out of my two challenge portfolio Re-entries right down here at the bottom But other than that, those were my only two losses So my challenge portfolio, fighting and clawing back Still down a little bit in that one On my other account, no losers JSP's hit 50%, AM Ratio 50% My 945 hit 40% and then stopped out for a profit at 55% All of my 1, 2, 3, 4, 5 quiet midday tranches hit 40% My NDX is up a little over 50 And I sprinkled in a few other little just price action trades That I've closed half of Some good stuff so far Nice All the TLC crew having fun today? Yeah, so pretty good day really Unfortunate for me, my very first one of the day And I posted in my channel, in that channel it said Don't take the strikes I just took because When it got filled, literally it pushed up like 6 or 7 points Right after the fill, in the same 5-minute bar And so then it ended up stopping me out just barely And as soon as I got stopped, you know, later on in the morning It came immediately down So it was the bad luck there But it was a full loss Other than that, everything's been great so far Gotcha But just that one put me in the hole right off the bat I just thought I waited 2 more minutes to place the trade That would have been fine Gotcha It happens sometimes SPX pushing right up to yesterday's clothes Or Friday's clothes Staying red for now Yeah, I did not put on a WuGa I just posted because I actually had conflicting strikes So it did not trigger Same here Same here So it's normal day for me, no update, no down day So I'm going to be just I might throw on a discretionary power hour trade But no, not my normal three tranches Got the S&P down 4, NASDAQ down 49 Russell down 14, Dow slightly green Golden silver a little bit mixed Notes and bonds red Ten year yield up a bit Oil pretty flat Natty gas down 2 Grains mixed Euro in the pound red, Bitcoin new all-time highs 73,500 Wow So here are my remaining re-entries And then on my challenge portfolio I've got this Between the two I'm going to add another little power hour here And then at the 10 puts, 20 calls One-to-one just adding some more exposure Right here at this level My power hour number one is looking good Oh, I'm sorry I read that wrong Yeah, 20 puts, 25 calls Sorry, I'm not sure what I was looking at Build at 630 I thought that seemed a little wide I thought I should be getting 5 wide Let's check out what's going on in Stockland MRNA up 10% Something approved Zoom up 4% Bidu up 3.5 Tesla a little bounce up almost 2% Plug power down 8 Jumia down 8 SMCI down 4.5 Looks like somebody's getting hit today Meta down 4 AMD down 4 Nvidia down 1 I'm definitely going to close part Because I put them on big Anticipating we might get a little profit pop By the end of the day with CPI tomorrow But it did not happen So I'm going to Definitely going to reduce my size Alex already hitting 20% on power hour Nice I was in half of one of my challenge Re-entries My power hour is pretty centered So I'm not going to add anything right now I need about 20 cents to get Half of the contracts Steve remember who was posting In the community over the weekend About doing Zero DTE iron condor one contract Putting it on at the start And then leaving it All day I don't think I saw that Okay I swear somebody put it Option omega back test Just one contract Are you becoming a back tester? I read them all the time But I did what I remember what it said I put the trade on Because it's really low risk It's one contract And it's currently I put it on at $6.85 And it's currently at $0.65 Nice No stops Now I got filled 20% On power hour number one Was that morning when you were talking about Was that no stop? No, it had a stop Like a 75% trailing stop It just didn't have profit targets To meet along the way Like you left it on So it's either going to expire Or it hits your stop I'm surprised with that down move You didn't get hit Yeah, I didn't Both my 3-2 and my 1-1 That I entered at the open Got smoked out Right at the bottom Those were, let's see, I had a My 3-2 had a $12 stop My other one had a $5 Might have been a little bit tighter Yeah, it was $51.35, it was 50 points wide Yeah, those premiums were juicy at the open When I read the back test I was like, that makes a lot of sense So on this one If I got stopped out, I would be like $500 loss My 3-2 AM ratio Elliott with the $20 stop That one survived, hit 50 It was just my challenge portfolio Those wouldn't have got stopped That would have been a really nice day I saw it in the community Maybe I was dreaming it, I don't know I've done that SPX does not want to go green My NDX is in the Upper half of the range But I still got a lot of room to roam So far so good It was a little bit red last week Between all the Days, but It's been a Positive performer Yeah, a lot of times before A big event like a CPI Or FOMC, those 1-2 and 1-3 Double calendars will Those are some of the times you can take those off For 10% the same day, but Not today, my 1-2 is down about 8% My 1-3 is down about 7% So I'm going to shed Some of those by the end of the day I had a feeling the Luga was going to do good today Just with the price action Yeah, my 3-5, 3-6, 3-7 They all came off for about Well, I can't remember exactly, but Nice profits, 8-10% each I think Did not do the 4-5 I'm going to close half my power Hour at 20% here Nice Jay Russell Got some short premium in gold Not much profit there yet Put on a new MES Short strangle today Natty gas is down a few percent We've adjusted that one a couple of times It's a little left of center now Corn, a little right of center The other MES Oh, took the other MES off That was under 40 days And then this one is A little right of center Needed a day like today after Friday's debauchery Yep, mine isn't going to be the best But it'll still be Green, which is all I care about After Friday That first trade I was telling you about When we first went live here It was just bad luck I started out in the whole two grand Because of that full stop, it was a bummer At the money butterflies Only trading for about a buck 15 it looks like With this contracting volatility And kind of Narrow price range I thought we might have a chance at some Two dollar butterflies at the end of the day But I'm not sure it's going to get there Still good See, Wuga saw it too I wasn't seeing things Maybe you guys had the same dream That back test I knew I saw it I just got filled on Let's see what would that be Love Lunchtime number one So we'll get some 60% today That was good Quanteo on his first Wuga Good luck, Quanteo I think today's a good one to Good one to do I would have done it if my strikes weren't Already taken by a power hour trade See if I can book 80% on this one Just the first flush And then just pretty Methodical Stare-stepping grinding higher That was green, but the other three Still red The index futures did roll over to the June cycle over the weekend So if you think The price Looking at your chart of the continuous contract Looked a little goofy, that's why No new all-time highs today Took a break from all-time highs Yeah, I have filled on 100% of my power hour Nice You have CPI Tomorrow morning pre-market Also a 10-year bond auction at noon Wednesday 30-year bond auction at noon Central time Thursday PPI pre-market And retail sales and unemployment claims So my NDX profit Target's at 20 cents Today Thanks for sharing Thank you, Crane Did anyone put on the 1DTE today? I meant to Enter a theoretical position So I could watch the theta decay See how CPI day treated it How's it going, Alex? 17% So it's up 17%, but where is it In your structure? Is it fairly centered? Is it off to the side a bit? Dead center? Oh, yeah Yeah, that was the reason I did do it Because it's one day options Or Stay in bed with CPI tomorrow Yeah, MRP That's pretty sure that's what I was talking about One contract, same stop loss And stop loss adjustments One contract Take all-rate exploration If not stopped out, yeah, that's it Was that you, MRP, that brought that up? Yeah, I probably won't do A 1DTE Wednesday either because of PPI PPI, CPI, and FOMC Are kind of the Three days that I have decided To blacklist that one Actually I don't think I've updated my Backtest yet, but SPX getting a little pullback Yeah Kind of opens the door maybe for the 51-20 straddle Maybe for Power Hour 2 Let me take a look at that 25 cent is hit I got mine at 20 Yeah, that's interesting Sometimes there's some takers for 20-25 cents And sometimes there's just not I don't think I want That 51-20 straddle My NDX comes down another 20 Points Should hit, I'll be dead center I am a little bit off-center here My Power Hour number one Haven't had a whole lot of opportunities Alex, like today I was just checking the 115 Fly is only trading for about $1.20 right now Just have not had the opportunity To get $2 in credit at the End of the day, unless you waited To like 5 minutes before I prefer to get Filled 10 minutes Or more before the bell Before the MOC Number comes out On a day like today If you have wild price movement Like we did Friday, there's going to be no chance Of getting a decent credit But on a day like today Usually you'll start Seeing $2 credit by 15 minutes Until the bell Sometimes even as Early as 20 minutes till But not today Still showing about an 8-point expected move Yeah, it might just be rolling With one Power Hour today Don't like the premium Just thinking about adding another one Where are you? Where are you getting to do it on? I was looking at the 2015s But now it's jumping up So it might be the 20 straddle Yeah, I was looking at the 2015s And the premium was low You're looking at the 20 straddle See where this thing settles in It's going to be kind of like my Trunch 3 I'm going to go in at a 2015 Will it 440? That was the 20 straddle, you said? No, 2015 Okay It's going to be below your threshold for premium Yeah, yeah, I already looked at it Alright, just want to add a little bit more in here It's about my normal Trunch 3 time Yeah, the only one I would get on Would be the 20 straddle 51-20 is the sweet spot Challenge portfolios Clawed back from a $5,000 deficit to start the day with those two stopouts Back in the green Nice What did you say your sweet spot was? 20, 51-20 Gotcha Yeah, I got filled on the 51-20 straddle 30 points wide So I should have had time to post it But I just got filled here a second ago 685 Yeah, so Chad, the price was at 15 20 straddle, just wanted a little upside bias Yeah, I wanted a little upside bias I also I didn't think it would come down below that last green bar It's come down a little further than I would have liked But I did I did want a little bit of upside bias But not quite that much Daedalus, if closing remaining contracts I'm going to have to process that Trying to figure out what you're asking me here Daedalus I usually Close it at 60 unless it's sitting pretty centered And then I'll let it go and hit 80 So Chad, would you decide On your, you mentioned You know, trying to figure out a little bit Something different about risk management Based on what happened on Friday Yeah, so Yeah, I'm thinking You know, as far as like a drawback Like 3% 3-5% right in there If I hit the 3-5% drawback I'm probably shutting it down Gotcha To me, I started punching the numbers And looking like, well, that's a pretty A 3-5% That's a pretty easy That's a pretty, I can recoup that Much easier than Trying to recoup Something bigger Gotcha So I think everybody probably should Have What they feel like is a percentage That they could, that they want to stop Because it just gets easier to recoup those When they're not quite so big Right I just hit When I hit there I hit 60% On my power hour Number one 50%, nice Alex Juan Teo, did your first Wuga hit Feels good to get that first Wuga under your belt Okay, some people are Not even close That one strike width can make a big difference Yeah, if you get in early, it's a Wugu As Dick K, let's call it Dick K is on vacation So we can talk about him behind his back today I'm going to win every bet I make today I think so out for $1 I mean, if I can make the bet Then just Dick K doesn't get to choose What his choice is I think I got pretty good odds 24 minutes to go At the money flies, we're only trading for about $1.30 $1.40 Nice to hold there, maybe come up to about I guess I'm with you 51-20 is a sweet spot Hang on, hang on, hang on Yeah, we don't need any Don't need this Don't need any Big red bars Just a little pot back up What's the sweet spot for the Wuga? Looks like we had some 20-25s For the most part Some 15-25s, 20-25s Yeah, I need a little bounce here Put this straddle 20 minutes to go Here we go, bounce I needed Out of half So filled at 20% I should be getting filled On half of my late power hour Got in at $4.50 I just put a target at $3 Dancing around $3 There we go What was that? Wasn't my power hour? I actually don't know what that was It just closed Love it It's one contract, is it 20 calls? 10 puts But I don't know You got too much on And let's see, just hit 80% Yeah, that's what it was too I hit an 80%er It sent out Beautiful Nice little bounce I actually need to stay below 20 Yeah, just sit at 20 That's all I need That's plenty of bounce My NDX still didn't fill it 20 cents yet My lunchtime number one last contract I think is going to settle at zero It's going to expire worthless Got to close some of my double calendars Alright Mind a little bit of a pullback here Yeah, just stay right at 51.20 20 butterflies trading at about $1.60 A lot of profit targets getting hit in the Dr. Chad channel today Love to see it Yeah, that's awesome Moving around a little bit too much Come on, these straddles I don't like them When we get down to less than 15 minutes Yeah, I got quite a few things on here I need to start shedding There we go Yeah, they can just go south really quick when you're into these straddles I was going to open and stay up close to 51.20 Don't need to get any lower Out of half, I would like to get out of 40% of this A couple contracts on the 15.20 Just a little bit longer It's like a lot of theta left for 10 minutes to go That's what I was going to say I don't like this down move At the money fly 115 Trading for about $1.70 Maybe If I take a lot If I get stopped, it's pretty much a scratch trade So I like to hit my 40% with a little bounce here $4.35 million to the buy side It's the FOMC FOMC It's the MOC So I could do magic with my homes if I can get filled for a good price It won't give me a bounce Trying to get filled on the 15 fly Sittin' right at the strike Filled at $2 Wouldn't take much more of a bounce to get out of 40% of this straddle Darn it Let's get out of my re-entries Alright, so then I need to put in my puts Alright, so I need a little move A little movement now I'll take for my my homes A little shake and bake Yep I need a little pop back up I definitely don't like taking straddles to the bell No, I don't I was about 5 minutes till Yeah, unless the right close to a pin Alright, out of my last challenge portfolio trade I'll get there So all I have left is my Mr. My Homes I need to push down to $51.10 or a push up And the X Filled at $0.10 Push up, push up Yeah, I closed my straddle out at $7.30 So booked a little bit of a profit I am out of both Pushed down to $51.10 to get my call vertical filled So $450 profit On power hour number 2 Anybody else in the end of day fly with me? Back up to $15 Yeah, that's the balance I needed 5 minutes earlier Good day though Little move away from $15 4 minutes to go Yeah, I'm on the $15 fly $43.95 I will take that after a full loss of my first trade of the day Alright, 3 minutes gonna need some last minute magic Let me guess, it's gonna push up to $51.20 I would have had a pin My vertical was trading for about $2 2.5, 2 minutes to go Get up there Give me that dollar Oh my gosh, I would have almost hit a pin, darn it I knew it would do that You're welcome Get on up, a couple more points My vertical doesn't fill I need to be above $51.18 A little push 1 minute to go 30 seconds Can we get one more little Yeah, get up there $51.20 would have been a pin I loved a few thousand dollars on the board I left some money on there Not filling for a buck yet Still looks like it's trading at about a buck $40.00 And there's the bell Looks like it might be an exact scratch $51.17.99 Darn it Pretty much a scratch All right, all Have a good night Let's see, we got Nice Elliott, $16.00 for today Let's see where I end up $14.00 in that account $2.00 there So yeah, I'm about right there with you Nice For live stream tomorrow Chad will be streaming in the morning for Mighty 90 and Runners And then we will be back for Power Hour All right, all take care Have a good night, cheers