 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 go, we're here to trade, we follow the plan 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 plank What's up everyone, welcome to Power Hour Live February 21st S&P down 24, NASDAQ down 215 Russell down 20, Dow down 170 Gold and silver, both red, notes and bonds red Ten year yield up 1%, oil up 1% Natty gas, big bounce up 12% Grains, lower Euro and the Pounds Slightly higher in Bitcoin down 2% VIX 15.85 Touched 16, got above 16 Did not like that Said the water's cold, going back where it's warm Down, so I will not be trading Power Hour, it's a normal day Which I have for this month Decided to either skip or be discretionary In, looks like Make it five wide If price holds here or it could be a straddle If it goes towards 50 or towards 55 I just put on a, one of my re-entry So that's one reason I'm not going to go in with Tronch 1 So that just entered here 50-55 So I didn't want to jump in with another 50-55 Right on top of it I also got a, one of my re-entries From a little bit earlier is on the Actually it filled in two different orders So part of it is on the 55-65 And part of it is on the 60-65 I'm real close to getting my revenge lunchtime Number one trade Filled at 20%, I was real close to getting stopped On it, which would have really been bad I just need a little more uptick So my zero DTE today My JSP's hit That was good for 14, I actually took some off before 50% I was watching price action so I closed some of them Some of them hit 50% My one DTE I ended up just closing out for a small loss My is 225, my 02 call calendar plus 400 I did my 945 AM trade One hit 40%, one got stopped for a profit Midday Tronch bot that I'm testing That was a manual entry that hit 40% And then my NDX Is currently up On my re-entries Booked a little over 4100 on one And then these got stopped after small profits Plus 810, plus 910 And then these are the ones that I'm currently in So good day so far Yeah, I've shared it, E. Allison It's not part of my plan yet It's not a back-tested trade It's simply just choosing the 25 deltas And having 10 wide wings with no stop That's it, nothing else to it Just entering it the open So here's what I got in today So I just let it expire either it's a winner or a loser Yeah, so far so good And what I'm looking at is It's covering essentially almost the entire expected move for the day You know, and so my risk reward will vary a little bit But like today, my max profit is 910 My max loss is 1090 So it's almost one-to-one A lot of times it'll be closer to like 150% risk versus max profit A little bit more risk but So essentially if price stays within the expected move It'll be a winner For the most part That was so much better now my revenge I should have never revenge traded but I did Uh, paid off Sometimes revenge pays Usually not Well, you know, I guess it's a wash now Because I should have never placed the one that I lost in That one that was a full loser I should have never placed that And I should have never placed this one And now it's paying off So you went in for the double revenge Uh, man Sometimes that revenge can spiral out of control You gotta be careful I know, I usually don't do it That's the one thing I've been very good at not doing on this strategy So I'm just in one power hour trade Sorry, go ahead Well, I was just saying I'm only in one power hour trade at the moment So if I were to jump in trunch one right now It would be, it looks like it'd be the 60-55s Yeah, trade scout, I thought about holding my 1DTE I was just like, man, I'm taking a lot of risk If this market starts to run Uh, for very, very little decay I'm just gonna, so I just cut it Didn't even think about NVIDIA earnings holding up premium I assume that's what it is NVIDIA after the bell It's got a overnight move of about plus or minus 65 points Oh, man Plus or minus 68 between now and Friday So about a 10% move And it's been coming down the last few days Yeah, it has From 746 down to 668 Other big movers today Coin base down 6% Robinhood down 4 Roku down 4 Shopify down 4 NVIDIA down 4 Lyft down almost 4 Just took a few days for that accounting error to fall through, I guess On the upside, biggest movers, BABA up 3% Baidu up 1 A lot more red than green Obviously Nasdaq down 1% I accidentally bit my tongue When I was eating lunch today So if I sound like I have a fat tongue today It's because I do Oh, man, I hate that By the way, if you are new here A couple housekeeping notes So in Discord The thing I would do is go to the 0DTE course channel Scroll up a little bit There is a new member 0DTE checklist You can check out It gives you kind of step by step of Kind of the best way to get started The zero live chat channel that you're in here This is what we use for during live streams There's another 0DTE channel Also in the trade plans channel This is where I post my updated trade plan each month So here in the next week I'll be posting my plan for March You can also see Chad's presentation To see exactly how he's trading As well as a bunch of our other Experienced trading members post their trade plans here as well No, I didn't close my 1, 2 No, I'll close that tomorrow morning like I always do That is taking some heat though Looks like it's down about 8 or 9% It's the chime AM number 3, 60% and out The old toss chime There's nothing like it that gives you a good feel I know man Especially when you're hitting 60% Unless it's when you're getting stopped out That's not a good sound Thank goodness I needed that one I think I'm going to do a power hour number 2 I still got two trades on When I put my power hour number 1 on I still had an AM on I just closed out and I still have my revenge lunchtime 1 on Has been some good fate at a K in the last 30, 45 minutes So discount, you liked how it managed it, huh? But what's the main issue with whisper trades? Do they not have the filters? Do you have to manually launch it? Yeah, I hold the NDX trade into the close VXX vertical Still hanging around where we got in Yeah, yes at 12%, but we're still Pretty decent shape in our short strangle Corns continued lower and has not decayed for us But still well in range Got a time fly and SPX So it gets up about About 3% Boom, there goes 40% Is that 40% on your revenge trade? Let me see, I think so, 6 to 45 Like Madame Butterfly said, you're just Rewarding your bad behavior Get out now Yes, 40% on my revenge trade Unreal Actually, no, that was my power hour number 1 That was not my revenge trade Power hour number 1, I got out of 40% So my 3-2 ratio Reentry needs a little bounce My 1 to 1 reentry Is nice and centered Got some short premium and MES Coming back to center The Wuga is not traded on Wednesday Is actually Bumblebee But not a bad day to paper trade it So we got the FOMC minutes came out First gave a little pop And then it's been all downhill Since We re-iterated No sign of a rate cut coming Let's see, I'm gonna look at a power hour number 2 At the 55-50s So, is anybody playing NVIDIA earnings? I feel like I need some action I need some action on NVIDIA I was gonna ask you that, actually What do you got, Madame Butterfly? So no risk to the upside? Broken wing to the upside? Something like that So expected moves Call it 65 And that would put us to the upside At about 720 Or not down You're gonna weigh up there 757.70 Or not down Something like this So 128 bucks Risk Or It's gonna have to go Well beyond its upside expected move Oh, I see Open it a couple weeks ago No, Ken, it's not My power hour 1 and 2 are not Both centered And even if they were, let me take a look I have one contract left In power hour number 1 So I've already booked 40% profit Or I'm sorry, I have 2 left So That position is already a winner So if I've already booked 40% And also another thing is That 2 is I'm I'm not sharing any strikes No, it's not at the same center point Because I'm not sharing strikes That's the reason I took it Is because I already booked 40% on my number 1 And this allowed me to not share any strikes Yeah, they are My number 1 My number 1 is the 4960 4945s And my number 2 is 4955, 4950 So they're not the same strikes That's pretty typical power hour trades Being 5 points off like that Alright, so here's what I'm doing for Nvidia A little broken wing upside Butterfly No risk to the upside Just for a little something to do Just for, you know, something to eat my popcorn To after the bell I definitely would not be buying a straddle Before earnings, MRP I don't like that kind of theta decay Working against me It's looking right now, honestly Not like price action Need a bounce Now Revenge trade got stopped So I'm not being pretty much a scratch trade Yeah, I used to do a lot of earnings, Mirage I just had to You know, I don't trade NTT anymore I don't do earnings I just, it became too much My little My little brain couldn't handle that much capacity Shucks So when I started focusing more On zero DTE And we're fully a margin And all the stuff that I'm trading now I just couldn't keep doing it all Alright, my little re-entries need a little bounce Yep, need a bounce I could actually Probably do a power hour number three Now that it's moved prices moved down On the 5045s Trunch two for power hour It's a few minutes past When I would enter, but Probably would have been the, probably would have been Five wide at that point Build on something Need a little bounce Need a little more bounce I'll be able to reduce my stops Got filled on 60% and out Power hour number one Let's see, what was that Oh, yeah those Part of my re-entry Need a little more bounce A little more bounce and I would have been Home free on my Re-entries Yeah, tried to bounce in that Lowes of day 49-47 Yeah, don't like this down movement Nope, get close to getting Stopped out, one of my pieces So close to Reducing my stop On that little bounce I just checked it, and you know it's more like 3% Remember it's of the max risk Not of the debit paid Debit pay is reflected in your upper risk But your downside to risk is really Your Buying power Get a little legs, get back up to 55 No, it's just a 121 Mukesh Mukesh, Capricorn Here it is again on my screen 690, 720, 745 121 My NDX has to stay above 320 My revenge trade That I did my lunchtime number one Was exactly a scratch trade $0 A little more bounce I gotta get to 30% on this Come on, Theta Reduce my stop A little bit more Just a little bit Discounts, I decided to go with This Pretty similar A little higher You're expecting a little more to the upside Yeah, Theta Let's just say that, Frank D He's got to eventually Decay here at some point Or NVIDIA old tank will both lose One of the two discounted I heard somebody say today that they On a business channel they were expecting NVIDIA To hit 900 At the end of the year There we go, SPX It might be a little too much Look at you We'll go too far now It's Theta decay here $463 million To the sell side as the early indication Yeah, I mean I think I would have Looked 20% here if we had some Theta Decay Gotta get it here in the next 10-15 minutes Alright, so I'm out of that piece I'm in the 55-60s And The 55-50s So 55 is the sweet spot Right where we're at NDX should have come up nicely There she goes She's pushing Wow 49-46 and Further than I wanted I need to simmer down now Wow Well, now I should have kept my 55-65s Yep, that's the second day in a row A big push like this in the last 30 minutes is Really went against me So stopped out of that one for Profits and now all I'm left with is the 55-60s Mm-mm-mm Be nice Madam Butterfly It's just learning It's still 26 minutes to go It's got to have been steamed today though 5-10 minute pushes that have been Pre-sizable 10 points or more Maybe there's a typo in the minutes Just kidding guys, we are cutting rates Next meeting Sorry about the typo And stopped out of Power Hour Number 2 Without booking any Profits Wow 28% That's not on my watch list 65s Wow Where did that come from? Well I am out of everything thanks to that push there So what was It's trying to It's trying to get the entire range of the day In 20 minutes here Yeah, that's been the theme today Maybe NVIDIA Earnings leaked Well now let's Let's get those longs worth something Might as well just Wow And that wiped out What was a nice green day for me That last Power Hour trade I think the chances of us getting back down to 60 are Doesn't look very promising Nope It stopped for a profit on that one So my final tally is 4400 on my Whatever you want to call them My back test bots And then on my re-entries Plus 7600 At 11 almost 12,000 On the day it was a nice day Could have been better without this little Thing but Can't complain Well we got 22 minutes to go my friends Yeah my longs Keep an eye on them right now and see if they get some value here Early indication MOC was little so I don't I mean there can always be a surprise At the end but don't anticipate it So I guess we will Shut down Power Hour a little early Yep because I'm completely out Grab your popcorn Wait for Nvidia earnings after the bell VIX is getting crushed too Alright so live stream tomorrow Tomorrow is February 22nd So Chad will be streaming live in the morning For the Mighty 90 and Runners And then we'll be back for Power Hour Alright all take care have a good night Talk to you soon