 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 go We're not here to gamble, we're here to trade 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, 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 25th Hope everybody's having a good day S&P down 7, NASDAQ down 15 Russell up 12, Dow down 150 Gold, green, silver, flat, notes and bonds red Ten-year yield up a little less than 1% Oil up 1.6, natural gas down 3 Soybeans up, weed up, corn down Euro and the pound a little bit higher Bitcoin, it was up 5% last time Look now it's up 11 Big push out of the bit VIX at 13.14 Started out the day at about 13.5 So it's come down mostly in the morning session Good day so far Had AM ratio hit 50% JSP's hit 50% Just did one discretionary price action trade Small winner AM ratio 9.45 AM version Half off at 40% Half off at 80% My quiet tranches 1, 2, 3, 4, 5 All hit 40% Still got the NDX trade And then on my challenge portfolio Still have my remaining 3-2 reentry and my remaining half of my 1-to-1 ratio And my 1DTE, 1DTE is up 23% Here is my remaining 3-2 So I could use a few points down My 1-to-1 could also use a few points lower My 1DTE could also use a few points lower But all in all, good day Up about 9,000 in my Challenge portfolio and up about 9,000 In my other 0DTE account Can't complain, it is Monday my friends Not much premium out there But it stayed steady for us So I think it's pretty obvious I will not be doing power hour, it's a normal day And the premiums are nonexistent So no reason to force anything I would like to just see about a 5-point down move And sleep into the close Might get to do a little magic Mahomes at the end of the day I did put on a 1-2 and a 1-3 double calendar Light size positions with a short holiday week My 1-3 is about a break even My 1-2 is down a little bit Wuga did not qualify, premiums too low I've got a time fly The graph's been off a little bit I think this is closer to break even It's hanging out under the call strike Yeah, NDX needs a little pullback Whereas SPX stayed in its range today NDX is above its expected move by a decent amount So my break even on NDX I would need it to come down to Well, for max profit I need it to come down to 18-290 In stock land, Nikola up 14% GME up 13% Are the diamond hands back on GME? Earnings is tomorrow after the market Yeah, SMCI up 10% Coinbase up 9% Riot up 9% MU up 8% Robinhood up 4% Baidu up 3% Square up 3% NVIDIA up 2% NVIDIA creeping back up to all-time highs 960% All-time high was 974% Tesla up 1% Tilray down 7%, Lulu down 3% Lift down 2% Boeing finally fired their CEO, huh? What's BA doing today? What's up a little bit? What's up more? I did a tiny bit on futures today I tried to get short here on the S&P Got a good fill close to the top here And then I was looking for a break lower Just never happened, so I just got out Small profit In your yield, hanging out at 4.25 Range today, low of 16, high of 28 About 12 points Oh, I'm sure it'll be a nice one, Ken Calhoun, he was previously on the board Or I can't remember the story He was previously an executive of some sort Maybe previous CEO Anyway, they had to convince him to come back And kind of clean things up But tough to steer a big ship like that After it's going down the wrong way Touche, Bugha, Touche Who's leading the basketball tournament these days? I know it's not me Looks like Dayton, Gerdner, and Landon They're on top right now Dayton's got the Huskies, Landos got the Tar Heels To win it all 1DTE's up about 24% Doesn't look like we're going to get to 45% By the end of the day But we can come down a little bit We'll be close to 30 or 35% I did not, I didn't catch any basketball last night All my positions could use about a 5 point down move 1DTE's trading at 935 45% would be 695 My 3-2's trading at 375 My limit to get at a buck My 1-1 is trading at 450 I've got a limit to get at $1.10 Even the Wuga couldn't withstand this low of premium This low volatility environment I did do a little I went through the Tim Weiss put out some And then Yves put out some Different variations of the Wuga Up day, down day Really the conclusion I came to is And we already knew this pretty much But if it's an up day You can pretty much do whatever you want And so I'm going to stick with my Current up day stuff And the problem with, I mentioned in the chat last week The problem with tronching Wugas because of the Narrow width is You're going to run into strike overlap Between shorts and long So it can be a little bit problematic So the back test of that is not really realistic Because it takes all the trades Even though you wouldn't be able to really do that In real trading It's certainly viable Up day, normal day So I'm going to continue to trade it Just kind of on a discretionary basis When I have strikes available Which is usually going to be in a normal day If the premiums qualify Maro, how long are you on the bench Before you can go climb it again With that dog attack That's such a terrifying thing Luckily I've never had that happen But I hope never to have that happen Discount you've been attacked twice You guys must be putting off some kind of vibe Dogs love me You guys must have cats or something Okay, that's good Oh, I got you A lot of wild dogs there What about yours Maro? Was it a wild dog or was it somebody's pet? Oh wow Yeah, usually when I see Somebody walking dogs They look a little On edge I usually try to go to the other side Couple points down 52-25 Yeah, that would have traumatized the kid for life Probably traumatized you for life But traumatized me for life I'm a big dog lover One DT's up about 30% now Oh yeah, that's right Discount he does talk about that He's a snake too All guys over at his friend's house And they bring out a snake And his daughter just starts playing with it With no fear Whereas he was scared out of his mind I assume the lady with the dogs Felt terrible too, right? Did she say anything? Like that's never happened before or anything See this is what happens when we have Low premium, my friends We talk about dogs and snakes I'm gonna keep doing the NDX I'll probably up my size a little bit Next month Comes down a little bit Can still get there I'm gonna add another duck today Or if we don't have any ducks on I was gonna add a duck if Got a little bit more downside But I'm gonna hold off for now My re-entries are coming back to center My one to one Or my one DTE is up 32% Coming back to center Liking this little down move My NASDAQ Likes the little down move Yogadelic, yeah I always just close the whole thing Okay, so she knew Probably happened before She knew She was telling me to stay away She knew there was an issue Had a couple of hedgehogs And ES Is pretty close to even The more recent one that I just put on Is up a couple hundred Just a little lower What a dead day Good dead day But dead day So tomorrow Is Tuesday Got some medium impact Events Durable good orders 30 minutes after the bell Consumer confidence Wednesday FOMC Member Waller speaks But that's after the market closes Two hours after the market closes Thursday GDP Unemployment claims pre-market This pending home sales Must be a big one Because it's usually not Labeled as high impact But it is on Thursday 30 minutes after the market opens And then don't forget The market is closed on Friday Yeah, Monday's open Monday, April 1st So this is the last week Of trading for March Lando, Ken's calling you out Way to keep him in line, Ken I must have got too crazy At his wedding this weekend Eli, are you on the call? Yeah, so Eli, if you're on here I saw your post in the Trade Steward channel So yeah, the So like TOS had the gap Down today at 0.28% Based on the way that Trade Steward looks at the open They had it exactly at 0.3% So my quiet tranches The criteria is 0.3% So it's exactly But remember the criteria And the bot said It's got to be greater Than 0.3% So if it's at 0.3% It wouldn't trigger So I had mine at 0.31 I changed it to 0.31 Because I looked at the bot Activity beforehand And I noticed that The real open was Minus 0.28% So I changed it to 0.31 Just so my bots would fire Got some short premium at SMH Doing well Still need NASDAQ down About 20 points Now volume has been light Like S&P futures today Only 680,000 contracts Have been traded A million is pretty light 1.5, I don't know what the Average is these days but Super light volume today Profit target on my 3.2s at $1 It's currently trading at $1.40 $1.50 Profit target on my 1.1 Is at $1.10 Currently trading at $2.10 One DTE's up a little over 31% now Comes down a little bit more We'll center even better Cody I definitely Well I shouldn't have even Traded the Friday calendars I did them with small size But You know the 4 or 5 Ended up being a winner But the 3.5, 3.6 did not The 1.2 and the 1.3 That I put on earlier You know the 1.2 is already Down 9% The 1.3 is down about 3 or 4% I did them with tiny size But those calendars Definitely tend to not perform As well on a low volume Holiday type week As far as 0 DTE goes I'll just trade my plan You know if tomorrow we wake up And the VIX is down overnight Obviously a lot of my I don't have a lot of trades Except for Rick that would fire But VIX is under 14 So if I do it it'll be discretionary And then anything else I would do Would be discretionary And I would do a super small size You know with premiums so low And volume so low You know all it takes is a You know a decent sized trader To come in and push that thing around So that's the issue You know you get into a Say like a TLC type trade Push the market 10 or 15 points Right away you get stopped out You know that kind of stuff It can get really whippy With low volume sometimes I've been selling some butterflies I've got a total of 3.35 In credit so far I've got the 20.30 25 strikes Getting close to my 95% Profit target at a buck On my 3.2 Trading at a buck 25 And the X is creeping down I need another 10 points Plus No VK the only thing I did today was the 1.2 and 1.3 Just keeping in super small size Just keeping it light The low volume all the day week It's knocking on the door of my 100 dollar profit target Yeah sure Michael Todd So what I do If I have a bot That is You know that like on my Re-entries on my challenge portfolio I want to when it gets to 30% Profit I want to Close half And reduce my stop And that would just hit a buck So at 95% on my 3.2 So Let's just take this one for example You know this one has a This is my remaining 1 to 1 ratio of my Re-entries this one has a Profit target of $1.10 Let's say I wanted to Set an alert so that when it's getting close to That spreads getting close to trading For $1.10 I would get an alert And so you can simply Right click on that order Or if you don't have a profit target In your system You can also take You know the opening order Which is this one here And you could say create Opposite So it would be like a closing order And then you can set that to whatever it is So if you wanted to be alerted at $3 Then you just put that on the price Right click on the order Create alert And then you can do At or below So once price of that spread gets at Or below $3 In this example Then it would send me an alert And then you just You choose what you want that alert to be You can Pick from different sounds You can have it send you a text message Which I usually do I usually have it play a sound on my platform And send me a text message That targets at $1.10 It's currently trading at $1.95 Starting to bounce a little bit The $25 at the money butterfly Is selling for Wow is that already at $2 Oh boy My homes came to play early today I mean obviously we haven't had much movement But So we can get filled at $2.20 $2.15 So I'm going to do a smaller size And then try to get more Try to get some at $2.15 That happens automatically So it's based on a percent Of netlick everyday morrow So the bots The trade size Is based on a percentage in the bots Yep Yeah so it's So the size has already Started increasing Like when I first started I was doing like Six or seven contracts on the one to one Today it took 11 Like filled at my at the money butterfly On the 52.25 calls At $2.10 I'm going to try to get into some more If it hangs out here at even better prices But I just wanted to start scaling in Hopefully it doesn't run away too quick Before I get more on Yeah that So technically I just started The challenge portfolio in March I was doing it some in February But this is the account So first of March this account $41,000 It's already at $196 I was trading other stuff in it before this But it's already up 80% year to date Another 11 Over 11k today I'm liking it Obviously it's going to have losers It's going to have drawdowns but So far so good So we got about 24 minutes to go 23 minutes to go Yeah you know one thing I was thinking about Doing with the challenge portfolio But I decided not to But I think I'm going to add it in For April is And I kind of Came to the conclusion that I would do this When I was doing a lot of the testing On the update Wugas and things like that The more I look at it When it's an update When the SPX is up over half percent From the open You can almost do anything And make money consistently So I'm going to add a little bit Into the Into the challenge portfolio I don't take any re-entries After 3 o'clock Central and so You know There is a chance that I could be using If I do that I would be I would just do 10% on each of my power Hour update tranches And so There's a chance I could be using A good portion of my capital If my two re-entries Are still on and they haven't hit profit Target to be reduced If my one DTE is still on So there's a chance On some days I could be using A pretty decent amount Of my account buying power But I'm okay with that on updates too So That's the only change I'm going to make Two central is the last I don't enter any more re-entries At that point There are changes in my April plan For anything else Nothing Nothing yet that I can think of Off the top of my head My one DTE is up to 37% Could get to 45% Could just get there Just stay a little bit lower Trying to get filled on some more 25 butterflies at 225 I got filled at some at 215 Just trying to Get around this 25 price Yeah that's just an intro class For non-members Getting close to filling my order And we're pushing up above 26 Maybe I've been trying to get too cute To not just get filled Should get filled here It just holds Or goes down a point Got my financial juice audio On MOC number here in about six minutes I haven't put in the I was trying to get filled on some more 25 butterflies I got filled at some at 215 I was trying to get some more at 225 So I haven't put in my verticals yet I really just like to make sure I Get those in before the MOC number In case we move Alright there we go filled at 25 Alright so now Put vertical if we go up Fall vertical if we go down Alright my homes is locked and loaded With 15 minutes to go 5 point move Which today is Asking a lot My remaining 1-1 Profit targets at $1.10 Trading at $1.92 One DTE and my 1-1 Need a little bit more Move lower A couple minutes till MOC Friday was not a good MOC number Over 5 billion By side and it went the other way I got stopped out very rarely I got stopped out on that I'm on down to $52.20 That's a beautiful number For everything I've got I would help bring NDX down Get filled in my verticals For my MOC homes My 1 DTE would be close to profit target My 1-1 Would hit profit target 1-1 is getting close Just trying to hit $1.10 Hit it! Not yet white tiger Haven't heard anything yet Letting you know as soon as I do though MOC coming out About 30 seconds I was hoping that would get filled Wanna rip higher Filled at $1.10 Nice 1.9 billion sell side So a fairly small number Alright let's get down to $52.20 Or below Get my call vertical filled Bring down the NASDAQ Average of $2.20 So An exact pin Would be about a little over $5,000 Of risk Max profit of $43.50 If I If I didn't put my verticals in So the risk reward on this Is really good We just moved 5 points Ticks below $52.20 It should fill NDX is creeping back Close My 1DTE is at about 39% profit It'll close out in 4 minutes By the bot I'm just gonna let the bot do its thing If we come down more I might hit my 45% Just might Call verticals trading at about $1.92 It's gotta get a little bit lower $1.50 Looking for $1.45 That's below $52.20 It's only trading at $1.40 I just I like the risk reward on this so much I'm not gonna pay up at all, but I'm kind of tempted just to take my verticals off But I'm just gonna let it go Trading below $52.20, but I'm not getting filled Yeah, I think my bot's at 9.31 Discount if I remember right I'm surprised my verticals only trading For $1.50 here I guess we still do have 6 minutes To go Not used to it Moving 5 points that quickly It's getting close $1.15 One more little push down Another $0.20 Nasdaq is back in range baby A little bit more down Filled at $0.95 On my vertical Canceled my other one I'll have to show you this simulated one To show you what I got because I did both calls Alright, so here's my net result My I'll get rid of these Worst case scenario is I make $2,450 If we push above $52.30 by chance I could make up to $12,450 NDX Got to stay below $18.290 For max profit Yeah, my 1DTE is at 42% Let's see where that's at Profit targets at $6.95 Trading at $7.20 I would just hit I don't know Oh, it's time to I was trying to exit at $7.20 Filled at $7.30 So about 43% on the 1DTE Nice Up over $12K in the challenge portfolio It's just been a good day all around Alright Now if Nasdaq After Discount left it for dead $12K max profit 3 minutes to go That's why it's so much better Being able to get into these Short butterflies with 10 or 15 minutes to go before the MOC comes out because you got The chance of the market moving 5 points in In my case I had to move 6 points today But the chance of moving 5 Or 6 points in 15 minutes Is a lot better than 5 Or 7 minutes Today's White Tiger Which based on the premiums to start the day I didn't Wasn't necessarily the most confident In all the trades I had going Yeah, so I'll let the Magic Mahomes expire It expires right here I'll make $2450 If by chance we catch a bigger rip up That's when it really pays I don't believe in luck Dark Avenger When I win it's all skill When I lose I have bad luck Just like right now In the basketball tournament Landon is so lucky right now If I was on top It would be skill Isn't that how it works? Like when Dick K beats me in a bet All luck If Arizona wins that was Just my due diligence Deep research, back testing Chad trading from the turkey blind Couldn't resist 30 seconds 12k in one account 24k a day My friends I like it Ding ding ding Beautiful Beautiful Did I have any losing trades? I did not have one Losing trade today Not a one Even my futures trade That didn't really work out I made $177 $187.50 Good stuff Alright so tomorrow for live stream No live stream in the morning Chad's killing innocent birds I can't do the morning So no live stream at the open But we'll be back for power hour Alright all, great day Have a good night Take care