Power Hour Live Trading 8-17-26

Hey, [music] it's the end of the day, almost time for the bell. How many options will you [music] sell? Fire up your platform. Get ready to enter. But first, let's get the mindset center. Hey. Hey, let's go. Uh, we're not here [music] to gamble. We're here to trade. We follow the plan. That's how we get paid. Tested, trade, have success. [music] 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 [music] and the profits. We'll flow like honey. Power our live. Let's start the show. [music] Come on, trade hackers, get ready to go. Zero day options. Time to make bank. Get locked and loaded, then be ready to blank. Hey. [music] Hey everyone, welcome to Power Hour Live. Today is Monday, August 17th. Hope everybody's doing good. S&P is currently down 30. NASDAQ down 45. Russell is down 13. And the Dow's down 231. Gold is up 3/4 of a percent. Silver is up 1 and a.5%. Notes and bonds a little bit red. 10-year yield up about a half percent. Oil is up 2.37. Natural gas down a little over 1%. Uh soybeans and corn finished green, wheat flat. Euro in the pound slightly green and Bitcoin up 2.32%. The VIX is up 6.67 currently at 15.20. Uh Kish is having loading issues. Is everybody else see my screen? Okay. Anyone? Can anyone hear me? Testing. Testing. All >> [snorts] [music] >> right, let's try this again. And can you all see my screen and hear my voice? Yes. Yes. Yes. Yes. Okay. Cool. Discord's having a Monday. You know, sometimes we have Mondays as traders. Discord's having a little Monday. All right. Right. So, I just went over what the S&P or the uh all the markets are doing. As far as individual stocks, biggest movers, SNDK is up 8%, MSTR's up five, SpaceX up four, MU's up four. Biggest red, Lemonade down four and a half, Service Now down four and a half, Affirm down four and a half. Yeah, I checked my uh yeah, my microphone volume is on full blast, so may want to I don't know if it may be on your end potentially. Um, [clears throat] all right. As far as my trades for the day, Bicks are doing well. I had some one-sided stops on some uh earlier tunches, but got a bunch that are still wide open. One, two, three, four, five tanches that are still available for a pin. I just closed out my double calendar. Kept waiting to see if we're going to get a little bit of a bounce, but the bounce never came. So, I just went ahead and shut that one down. I still have my one DTE iron condor, which I'll just let the bot Oh, actually, I had to manually enter it, but it's basically at break even tiny green right now. I was modeling out considering transforming to a downside vertical earlier and being with no news, you know, I just I kind of thought we would stay within the expected move. That was my anticipation anyway, but of course we have not. I had it marked at about 7765. We're down to about 55 right now. So, I'll just close my one DTE out at the end of the day as normal. Uh, I've got a hedged iron condor I posted in the uh hedge iron condor thread, but I left a little bit of risk on because I was trying to get more more value for uh couple of the adjustments I was doing. Never was able to get that. So, of course, price found itself right in my little valley. I've only got $415 of risk and uh you know still time for it to move out, but could have a little loss on that one if we don't move. I put on a new time fly today uh with the down move. That one's down tiny. Looks like that's on the uh August 28, August 31 time frame. And that is it for myself today. How'd you guys do? Anything good? Anything good going on in the hood? My two day trades. Speaking of hood, I had [clears throat] two small uh I I did smaller size. I was with the potential of adding which you I never got the chance to. So, they ended up being small losers. But the first was Hood. Had a nice push. Well, had a nice flush to begin with and then pushed up to pre-market high. Started consolidating. I took a long there with calls and [clears throat] um it broke down so I cut it pretty quickly. And the other one I took was on IWM puts and that was below pre-market low. I think it was in here after we pushed up and then it reclaimed pre-market low. I think it was on this one and then it bounced back up so I cut it. So, couple small losers on the day trades. I mentioned no news today, no news tomorrow. FOMC minutes on Wednesday afternoon, which most [clears throat] of the time is not a market mover. And then Thursday, unemployment claims pre-market. And then Friday, nothing. So, not a lot going on as far as scheduled econ. As far as earnings before the open tomorrow, we've got Home Depot, BU, and CLA. So, we could look at those. Home Depot only exceeds its expected move 26% of the time. Not really too much of a pattern for the day after earnings. Decent little continuation drift if it exceeds the expected move after earnings, both up or down. Home Depot looks like it hit a I'm not 100% sure if that's alltime high, but a recent high was hit in November of 2024 of 439, currently trading at 338. It likes to stay inside the expected move. So, I would do a uh at the money neutral calendar. Let's see. These options are yeah, they're pretty decent. Looking at the 340 put calendar. See what the September 11 back options look like. Home Depot has an expected move of about a little over 14 bucks. I'm going to do this one in Home Depot. S&P pushing to right at lows of day. See if I can get filled at 450. filled at 450 in a Home Depot. Bu only exceeds its expected move 15% of the time. BYU has been beaten up a little bit. Trading for a little over 103. about 15 cents wide. 15 to 20 cents wide at a on $104 stock. Not great, but tradable. Expected move about seven bucks in BU. I like the in inside the expected move play on this one too. S&P going through lows. tried to get filled for a$185. Filled at a $185. Lastly, CLA. CLA is only a $19 stock, so I won't play that one. 15 cents. Wait, 4 day. Yeah, 5 cents wide on a $20 stock. You could go directional on CLA, but it's only had three earnings announcements. It's a newer stock, so I'm going to pass. Before the open tomorrow, or excuse me, before the open Wednesday, Target, after the close Wednesday, Weeble before the open on Thursday, Walmart and Alibaba. my 1DTE now slightly red. I was up pretty nice on that one. had a ch had the opportunity to transform that into a downside vertical for a decent minimum profit as well. But now she's a little in the red. My hedged iron condor is getting green though. S&P down to 49. VIX still acting a little goofy as well. >> While the S&P was still coming down, the VIX really rolled over. Let's see. The VIX started coming down about 12:30. I guess I guess the S&P was more chopping whenever the VIX rolled over. Oh, I pushed out a uh I pushed out a new big feature on Flux. if you haven't had a chance to check it out. Transformer mode, which kind of breaks down any any spread into its individual legs, makes it very easy to to look at different adjustments and transformers. So, if you are into transformers, make sure you check that out. While we're waiting for MOC, I'll give you kind of a little if you [clears throat] haven't looked at it, I'll give you kind of a little I gave you an example in the in the update video. Um, but let me just I'll just show you a couple simple examples. So, let's just say I put on an iron condor. Obviously, if you've been trading iron condors [clears throat] for any time at all, you know that an iron condor is a short put spread and a short call spread, right? A short call spread above, short put spread below makes up a delta neutral iron condor. So, if I have an iron condor on my on my graph here and I click transformer mode, you'll see the dots appear above that and that just kind of annotates the strikes. Of course, you can hover and see what the strike is as well. But what you'll see is down below the blue dot recognizes the initial spread, which in this case was the iron condor. And then it also breaks it down into the two legs. So you've got the sell put vertical, sell call vertical, and then you can easily click, let's say I wanted to analyze the opposite of the short put vertical. Could click that add checked. And now it creates a theo card of the opposite. So you're essentially buying a put spread. And then you know based on the price you want to get filled at, let's say 50 cents, you can model that out to see what that would do to your to your structure. So that works on basic kind of four-legged spreads like an iron condor. Um, you know, if you put on a, let's say you put on a put butterfly, a put butterfly is made up of a short put spread and a long put spread. So, same thing, you just click on transformer mode. Now you've got the short put spread, long put spread. You can duplicate it, look at the opposite, add those Theo cards nice and easily. And you can do that for, you know, simple spreads like that. You can also do it for more complex ones like, let's say, the hedged iron condor, which is an eight-legged spread. This is the example I gave in the update video. But now it gives you all the different spreads that make up the full combo complex spread on your graph. And you can duplicate or look at the opposite of each of those. So pretty pretty cool stuff. [snorts] Uh nor did you see my post earlier? Somebody asked that earlier. I posted in the transformer chat here. I'll copy it. got about 12 minutes till MOC S&P near lows of day. NASDAQ near lows of day. Russell a little bit a little bit higher, a little bit stronger. I don't have a certain time that I that I do it. You know, I I opted to I had it modeled out to transform into a a risk-free downside vertical today and I opted not to just because with the, you know, the lack of news going on, I just did not anticipate us continuing to slide down below the expected move like we have. I kind of anticipated that we that we would stay [snorts] inside the expected move and I would just book profits. So an assumption is just when I say I'm making an assumption, I'm I'm either, you know, I'm modeling it out throughout the day and deciding I'm making assumption. Do I think I'm better off holding? Do I think I'm better off transforming? And then I just make a decision. You're just you're just making the best decision you can at the time. Uh yeah, Joseph T, call calendars are typically cheaper, but it's kind of it's kind of relative. So you got more profit on the put side. I've just always defaulted to the put side for whatever reason. And so that's just kind of what I always stick with. Same with butterflies. Call butterflies well opposite. Call butterflies are typically more expensive. Put butterflies cheaper. Well, like today with that with [clears throat] the 1DTE, I had it modeled out and I think the I think the TR you're not just buying back the call. I don't think Yeah, you're not just buying back the uh put credit spread. You're essentially I'm I'm basically just moving the put strike. You know, uh my the one that I bought was the 7720. Um or yeah, excuse me. The the one that I sold was the the 50. So I'm t so I'm I'm just looking at the analyzing the opposite of that and then I'm moving the the long put up one strike from 50 to 55. But at the time I was looking at transforming. I think this was trading for like five bucks maybe. No, it wasn't that much. Maybe was let's see I got in this ace. Yeah, maybe it was like more like it was under seven bucks. But if I would have if I would have got it at seven, that would have given me a minimum profit of 330, max of 1330 on a two lot. So that's all in the transformer course. How to transform a 1DTE iron condor. Yeah. And I mean looking at a 15inute chart, I mean there was there was a period for about you know up until even like 11:45 central would you where you could have easily transformed it right before the the bigger drop happened. Got about six minutes till MOC. We've had a decent range overall, but pretty pretty small movement this afternoon. see what Mr. Mahomes is currently trading at. 50 butterfly is already a buck 80. So, it's going to be an early fill if we don't go crazy. financial juice notification. Anthropic revenue run rate surpasses 65 billion ahead of IPO. A pace that has increased more than sevenfold since the end of last year. talking about [clears throat] anthropic IPO in at a higher valuation than SpaceX, maybe close to two trillion. S&P a little couple point bounce coming up on about 3 minutes. I'm going to put in a halfsiz Mahomes on the 55s at two bucks. We'll see if there's a decent MOC. I may layer into another one or layer into more. Looks like it's trading at about a$185. $1.90. Filled it. Two bucks. on the 55s. [clears throat] You got two bucks on the 50. Oh, 55. One minute now until we get the market on close imbalance. Market on closing balance S&P 500 buy side 505 million NASDAQ 100 sellside 51 million Dow 30 buy side 305 million MAG 7 sellside 127 million small buy side 50 million in. I'm just going to stick with a half size one. SPX at 51. There's 50 [clears throat] Got some of the MAG 7 pushing. Tesla almost to lows of day. Nvidia getting close. S&P about to go through lows. I've got some big puts at 45. Currently at 48. my one DTE with the bot would be closing in two minutes. I'm going to just go ahead and close that. SPX at 47. Closed that at my one DTE at 10 even. That's unfortunate. SPX back up to 49. Back down to 48. Uh, Mahomes has been more profitable than the one DTE. Nor Over time, over many occurrences, Sitting at 47. Got about four and a half minutes. a lifetime still. NASDAQ now going through lows. Russell still holding up a little better. Nvidia going through lows. AVGO put in a new low. So did PLTR. There's 45. Got some big puts at 45. They're not going to like going too much lower. See, we got one, two, just two tanches. back up to 47. Got about two and a half minutes. If we get below 40, my hedge iron condor will pay about 4500. sitting at 47. Stay below 50, Mr. Mahomes. Stay below 50. Back up to 48. Oh, getting a little jumpy. Little jumpy. 49. 20 seconds. Back to 46. Order filled. What? Did I just get stopped on a put? Order cancelled. [bell] >> There is the bell. And it looks like >> order cancelled. >> 7745.44 Mahomes max winner. >> Easy win. Easy win for the Mahomes. Half size though. Five lots for me. Uh, all right. All that's a wrap for the day. We'll be back tomorrow. Same time, same place. Day trading live stream in the morning. Power Hour 2:15 Central. Everybody have a good night. We'll talk to you soon. Cheers.