 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, 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 October 17th On a Tuesday, hope everybody's doing well I was doing well Had a little small winner On the AM ratio, quick, quick exit Some JSP's that worked out And then came along this down move And I started doing some JSP's, got hit Stopped out on a couple of tranches And I also did a PM Iron Condor where they got stopped out Fairly quickly as well on this little flush So took it away For Power Hour Looking at a potentially a five wide here Now we are hovering around a half percent move Higher from the open So I'll give it a few minutes But if it's over half percent, I'll do my two to one ratio If not, I'll do one to one And look like it was just going to keep marching, marching, marching And then got up to a high of 43.93.57 And said, enough is enough Getting close to straddle territory here, my friends Which I don't like to see Vicks been on a wild ride today Obviously, S&P's on a wild ride Most likely Vicks is as well Had a big contraction Big spike And kind of settling in right around 18 currently Price kind of pushed above this consolidation That we've seen over the last week or so And reverted back down into the cluster Got a couple minutes But it looks like it's going to be a one to one At this very moment it actually looks like a straddle But give it a minute, it might be five wide It's on where price moves Put on a one to DTE earlier It's up a few hundred already I'll get in Tron 21 I'll kind of go over some of the other positions I did today Alright, looks like it's going to be the 65, 65 wide Red bar coming into entry Looks like it's going to be the 60, 55 60, 55 Trying to get filled at 890 Filled at 890 on the 60, 55 You could actually even go 10 wide right now But I'm in Alright, let's settle down here for power hour Mister Getting a little jumpy A little jumpy for my liking Alright, so I mentioned I got in a one, two, B&B Double calendar earlier Got out of a time fly Hit our profit target in that We've got this other time fly with the double The double adjustment Still down a little bit Let me take another day or two before we get out of that one But I did add a new time fly Did this one a little bit further out, a little bit wider That's in the NOV 10 cycle Just put that one on not too long ago So we've got three time flies on The other one is in the NOV 3 cycle That one's pretty well centered What else did I do today? This is one we put on yesterday But our TGIF is up about 1100, something like that So this morning I had the AM ratio It was a tiny winner DKS was a winner JSP's were winners And then this afternoon JSP's losers And PM Iron Condor loser So I need power hour to take it home DKMRO in the 6050s Kelvin's 10 wide It looked like it popped up to be closer to 4 Right after I entered Fresh 5 wide, 3-2 ratio Lando 5 wide I got in at 890 Tronch 1, I'm looking for 435 To reduce my stop I'm in the 6055s 1-1, yep It was close to 2-1 But then it came down before entry Didn't really feel great about the 2-1 today Doesn't really feel like a Short squeeze after that big move down So I'm good with 1-1 For those who didn't see in the Trader Chat Or there are some comments here in this channel as well The Pertoss users that Export issue is now Back in action Thank goodness These swings are all over the place Big gap down after retail sales Looked like it was trying to shake it off And march higher and then just Completely reversed I'm not sure if one of the Bedheads had something to do with it But Here we are Whippin' around Ooh, the beige book So tomorrow is the 18th So I've got Waller At 11am Williams at 11.30 Bowman at 12 Beige Book at 1 And then during power hour we've got Harker Thursday we've got unemployment pre-market And then Powell speaking at 11am on Thursday Powell is due to speak at the Economic Club of New York Luncheon Some pretty quick decay coming in here on Trunch 1 Elliot, you're taking the day off tomorrow? Oh, that's a question I'll still be trading power hour for sure Yeah, I mean nothing changes for me on Wednesday Thursday morning I would assume the premiums will be held up Prior to Powell speaking but And it's a Thursday So I'm not sure what it'll be on Thursday yet On the 5-7 I was looking at it and it just It didn't look like I mean it looked like if the market went down It would It would be losing money I'm not sure what it would look like now with Ball spiking it probably would be fine But You know, it's kind of creeping up towards the Upper Call strike With profit Didn't appear that it was going to get much better By holding it so I just closed it I'm on the 60-55 I got in at 890 And it's already down to 750 About 7 minutes until Trunch 2 Now Tivus, I haven't gotten that granular on it But I mean I was Testing halves Like $3 or $3.50 I know It's been a while but I haven't looked that specific Getting a little bounce here We blew through the upside expected move To start the day And then we blew through it again to the downside S&P currently down 7 On the day, Nasdaq down 80 Russell up 21 Russell's up 1.25% Still having a little Little day Ten-year yield back above 4.8 Had a recent high of 4.88 Got as high as 4.856 Today SPX still pushing I'll buy some longs for Trunch 2 It will be Probably 5 Maybe 10 wide for Trunch 2 Trunch 1 back to pretty close To the price I got in it Trunch 2 looking like the Maybe the 70-60s I'll give it a bit longer Looks like the 70-60s 10 wide Trunch 2 10 wide Filled at 4.40 Trunch 3 premiums Filled at 4.40 So I'm going to need 265 On Trunch 2 to reduce my stop Year to date Russell is now up 1% Dow is up 2.5% Year to date Nasdaq up 39 S&P up 14 The little push has Paused for now Trunch 1 trading at 8.20 1.2 DTE's rocking now 500 bucks Trunch 1 trading at 9.80 Trading at about 10.30 SPX back to pushing Trunch 1 down to 7 I'm looking for 5.35 To reduce my stop I need to get under 60 Around 43.60 For that to happen anytime soon 5 minutes until Trunch 3 Trying to push again Buy some longs for Trunch 3 Matt from Option Omega Are you on here? I see a Matthew, but I'm not sure if that's Matt or not Stuck in the Casey airport right now, Wuga? Oh, got to trade scout, thanks Alright, couple minutes Till we enter Trunch 3 here I think there's a pig witch There's a little area Called the river market Which is basically a Model of an area in Kansas City Downtown And there's all the Same shops And restaurants in The little airport village Called the river market And I believe Pig Witch is there, that's a good one I don't know, they may have Like a Jackstack barbecue as well I can't remember Exactly which ones are in there Or maybe an Arthur Bryant's They're all, I like all of them Which ones have you seen? Alright, so for Trunch 2 Looking at the 70's And 60's, it looks like 70's and 60's Trunch 3, 10 wide Gonna get filled at 3 Of 5 Filled at 310 on Trunch 3 70 calls, 60 puts Trunch 3, yeah Did I say Did I say something else? Yeah, Karine, the email Or more just notifications That a trade has been posted That's how we had to do it With the whole discord Set up Unfortunately You know, back in the day We used to actually Show the actual trade alert on the email But just can't do that with discord Alright, so 4360 Is still the sweet spot Somewhere 4360 or slightly higher Would be just fine Trunch 2, is it 290, I need 265 To reduce my stop Need a little pullback Trunch 2 is trading at 285 I need 265 There's 275 280 265, alright Reducing my stop on Trunch 2 About a 5 point move lower To reduce Trunch 1 So Trunch 2 and 3 Are both at the 60s and 70s For me, so that's trading At about 250 My Trunch 1 is 6055 And it keeps on popping its head up There and then getting pushed down Let's hope it keeps getting Pushed down and just keeps Just kind of grinding higher I like the visual Tomorrow, so my stop On Trunch 2 is at 465 And I got in at 440, so it'd be a Already get stopped out of that one Just for a small loss But I'd prefer a win If we can get a little pullback Trunch 1 trading right around where I entered Same price There you go, come on down little buddy Come on down The water is warm A little bit lower, just a few points lower It feels really good down here Trunch 1 back down below 7 Dataless I've never Set the stop loss On the bid Frankly, I never used stop losses at all Until I started trading zero DTE So yeah, I don't know I don't know the answer to that I don't know if anybody else has experience Setting their stop loss On the bid versus mark Market on close 46 million sell side Yep, nothing burger Dead centered for Trunch 2 and 3 Trunch 1 is a little down move still To reduce stop Trunch 1 down to 6 I need 535 Down to 590 585 It's not over yet Dark Avenger It's not over yet Trunch 1 is still trading a little over 6 bucks 570 And we're bouncing back up Didn't quite get low enough For Trunch 1 Yet Yet that is I think that's what that means Forces with me Alright, I'll take that Is that the force from full grown adult Yoda or baby Yoda Still trading a little over 6 Just need a little lower Trunch 2 and 3 trading under 2 bucks 565 555 540 I'm looking for 535 I almost got there Teasing me You saw it print? I did not see it print I trust you more than Chris, Dick K But I have to see with my own eyes It's going to come back down and get me I'm not worried about it 585 570 560 545 530 there it is Yeah, you know I could set an alert But that would take the fun out of it I'd be too easy I'd be too smart Then I can't make fun of Chris about lying to me Alright Pretty much in the sweet spot here So for Trunch 2 and 3 I'm in the 60s and 70s Depending on where we are I could take those to the bell Bein' 10 wide Trunch 1 is 5 wide We'll give it We'll give it closer to the bell Before I call any shots So I got my stop down to 835 On my Trunch 1 And I had gotten in at 890 so that one Was in pretty good shape regardless But I'd prefer a full Full boat, I want the full Monty Yep, still 46 million To the sell side, nothing Now we're getting a little red bar come in Top of the mountain would I adjust Would I lower Trunch 3 Stop if it's the same as Trunch 2 No I treat them separate There could still be a chance That you'd get stopped out of one and not the other So I keep them separate Trunch 2 and 3 down to a buck 70 Trunch 2 and 3 down to a buck 45 Yeah, that's correct Quanteo, that's how I do it 70s are trading at 25 cents Dick K, 30 cents Alright, a little over 11 minutes To the bell At the final market on close and balanced In one minute, hopefully it doesn't do Anything stupid, Trunch 2 And 3 trading at a buck 40 Trunch 1 trading at 530 1.1 billion to the sell side That's a little jump That just means the net outflows Of the big boys, of the orders that they Have to put on at the Market order on the close To the sell side And the market is bouncing Trunch 2 and 3 down to under a buck Trunch 1, my stops at 835 Spreads trading at 6 Nice trader Bianca Alright, getting a little bounce now Trunch 1 trading up to 7 7 minutes to go Trunch 2 and 3 trading at 70 cents Trunch 1 is trading at 8 bucks close to my stop Should be getting stopped out Stopped out at 840 on Trunch 1 Stop for a small profit Got into 890, stopped at 840 So 50 cents, so 500 bucks Trunch 1 For Trunch 2 and 3 Close to that upper strike We're pushing now 5 minutes to go Gonna settle in a little bit Need below 70 Below 70 please I'm gonna get out of Trunch 3 Jumped on me Had a Trunch 3 at 230 Still in Trunch 2 Wow, B&B is up over 1300 bucks, nice Built at 1120 Close to half my B&B Alright, gonna get below 70 Got 2 minutes Just a little below 70 please Wrong way, you're going the wrong way I need you down Couple points One minute One minute, one point lower Little red bar Wrong way, trying to get out Ugh Not a good close 73 Oh, looks like it Maybe slightly green on Trunch 2 Maybe scratch So call the scratch on Trunch 2 Trunch 1 made 500 bucks Trunch 3 In at 310 Out at 230 So I made 80 cents Times 14 Quick math equals 1100 bucks About 1600 Minus the long So call it 1200, 1300 maybe Still green Still a green one At least a winner, exactly Not as good as we hoped But can't Can't get max profit on all of them Just can't happen Alright my friends, we'll be back tomorrow For power hour also Let's see, tomorrow's the 18th So we'll be streaming live Tomorrow, Wednesday and Thursday in the morning So we'll look forward To seeing you then Everybody have a good night Take care