Power Hour Live Trading 8-7-26

Come 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 Hour Live, 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. Hey. >> Hey everyone, welcome to Power Hour Live. Today's Friday, August 7th. We've got the S&P now up 45 points. Nasdaq is up 326. Russell up 36 and the Dow is up 161. Gold up 2 and 1/2%. Silver was up 3 and 1/2. Notes and bonds a little bit green, 10-year yield down about a quarter percent. Oil is flat, natural gas is up 3/4. Soybeans finished a little red, wheat up 1%, corn a little bit red. Euro and the pound are both up a third. And Bitcoin up a little over half percent, right above 65,000. VIX down 1 and 1/2% below 15. Currently at 14.91. Apparently Trump is on the mic and he went ahead and smoked out my British iron condors to the tune of eight double stops. Was having a nice little day. Nice little big day. But those got hammered. Uh Uh, other trades today. Two closed trades. Uh, my SpaceX uh, day trade this morning long calls off pre-market high. That was good for 1750. Uh, my time fly closed that for 1,100. As far as open trades, I've got this PLTR earnings trade that I'll just let expire. That's going to be good for $308. I've got my AMD calendar still. That one's going to be I'm I need to close that here shortly. That'll be a little loser. APP is another earnings trade. I'll let that expire. That was a bullish play that went bearish on me. Uh, my one DTE from yesterday that I transformed will hit minimum profit of 300. I've got a hedged iron condor from yesterday. I was able to remove the risk on the downside, but kind of in this valley here, so I need price to continue above 60. Not too far away. I've got a one DTE from today that I transformed to a bullish uh, vertical spread for Monday. So, that's got a max profit of 1,500 if we get back up to all-time highs. Uh, my double calendar from today, that would be number number 204. Looks like it's up about 12% getting close to potential transformation. I need uh, I need about 1405. It's currently trading about 1380. >> Number 203, that double calendar I've been holding. That one's down. I need to close that by end of day. Uh, this is Fastly. That was that bearish post earnings trade I took yesterday with puts. Down a little bit. So, that is my day. Yeah, I was wondering how you stayed green, Elliot. At least you At least you got out of some. But, yeah, that's brutal. I mean, pretty tight range all day. What are we talking here? 62 to 20 About a 40-point range. Haven't come close to an expected move area. Almost back up to highs of day. Just couldn't let us have a nice little peaceful Friday, kitty. Just had to had to let something out. What did he even say? I didn't even see. No, it has Nothing's posted in the Trump Truths feed. Financial Juice says Trump announcing a series of mining projects worth 3 billion. Trump to provide more than 2 billion to four battery minerals companies. Oh, US official, there is progress between Oman and Iran on the Strait of Hormuz and we expect a deal soon. Got it. I don't know what I'm going to do once this deal actually happens. I mean, this deal has been almost done for months. I'm not going to know how to trade after this deal gets done. Uh Uh let's see what else we got. We had some earnings, but nothing really nothing that I took yesterday. After the close yesterday was Airbnb, RGTI, DraftKings. Mo Well, are your DraftKings still doing good? Okay, ALO was this morning. Gapped about half of its expected move. Biggest movers today, Airbnb after earnings up almost 16%. SpaceX took off. That's the one day trade I took. >> Took that right here off of premarket high. Got out right here. Thought I did pretty solid. Then it kept going. And going. Going. Let me see if I still have those on my watch list. Oh, yeah. So, I got out of my last one right around six bucks. So, I bought in at $2.09. I got out of my last one right under six bucks, and they're now trading at 11.50. Uh PLTR also strong today. It's up 9 and 1/2%. Still trading near highs. Really slowed down after the first hour. SMCI's up six, Uber up six, DraftKings up six, Coin up six. Biggest red, SNDK is down three. Nora, you got your 67 transformed? I guess I haven't even put in an order yet. I guess I better do that. Actually, first thing I need to do is I need to close my AMD. Okay, I'm out of that. Let's see what this is trading at here. I need over 14 bucks. We'll see. I'll I'll I'll hold off a little bit on this uh number 204 transformer. Well, I'm going to put in an order. I don't know if it's going to get there. I'll put in an order at 1410. I may transform it for a little bit of risk on the wings though, if it doesn't quite get there. Or maybe I'll close half and book profits and transform part of it. We'll see. We'll see where it's at. S and P made that little surge, but just kind of chopping between 50 and 55. I need above 60. All right, I just closed the rest of my number 203 that I've been holding for a few days. Yeah, I've done that some as well, E. Allison. That's a good like that strategy as well. >> Yes, and peel a little pull back to 51. I will I haven't pushed these out yet, but just to give you a little preview on the flux analyzer, couple of requests that you guys have made. Number one, in the whole clicking and dragging strikes, now when you hover over the area of a strike, it's going to pop up this little yellow highlighted circle, plus it'll display the actual strike. And so, as you click and drag, it will that strike number will change. So, it'll help you avoid like trying to click on the whole thing and drag the whole graph and mistakenly drag a strike. Now, it gives you that nice little highlight. And before, like if I was on the 7795 anywhere on this whole vertical of 7795, it would grab that strike. Now, it's only around the little kink of the strike. So, that's number one. Number two is this little paste trade uh button up here. So, if you click on that, now you can copy a trade from Thinkorswim, paste it in here, and it will you can analyze it in Flux. So, for example, like here's my Let me copy my 1 DTE from today. Paste it in there, add to graph. Creates the Theo card plus the uh plus the graph. And then this morning I I posted an update with a bunch of stuff, but these these two things I just mentioned, those are not they're not released yet. I just got a review a few things and I'll push those out after the close. Yeah, there's zero lag on this compared to toss. I mean, I have it I have it set up it's set up to do if you hover over that live button, it refreshes every 30 seconds. So, that like the price of SPX and the the spot price is going to update every 30 seconds. So, it's not tick for tick, but as far as There's other than that, there's zero lag as far as doing everything else. So, much faster. Hey, it's fine. You know, I I mean I haven't seen the sun in 4 days, JosephT, but it's cool. At least I'm getting some updates for you guys. I mean my eyes are burning because I've done nothing but stare at the screen for 4 days, but hey, I hope you guys like it. SPX back down to 50. Don't push it, E Allison. Don't push it. Russell blasted through highs of day through pre-market high on that little news report. S&P not quite back up to highs. Nasdaq not quite to highs. >> Bitcoin right around yesterday's high. Yeah, I'm going to have to consult with uh Nostradamus Krish for that feature Noir. So, give me some time on that. We'll work together. Let's see. We still have 23 minutes. 13 minutes to MOC. Joey Bags, have you done anything else to your hedge dire condor? Mine's Mine's sitting in the valley still. That's the one thing I can't quite figure out how I want to handle. Like what You know, I mean it's a it's literally a 10-wide little valley at the at the very bottom. So, it doesn't take much move to get out of it, but like but like yesterday it ended up landing in the valley. Cuz I just let it go. And today I'm kind of stuck in the same situation. So, either need to figure out like if I get down a certain percentage of my initial max risk, cut it, or just take the risk of hoping it doesn't land in that valley, I guess, if if I wasn't able to remove the risk before the end of the day. Yeah, I mean, I could I could build a little tight iron condor above that. But that that also creates risk on the wings then. So, if we do get a move up, then I would lose. So, there are things I could do based on a specific assumption, but but I don't know. I'm just I'm just going to let it ride. My 67, I've got an order in to transform. I don't think it's going to get there, though. I could transform right now for what looks to be about 6 6 or 700 dollars of risk on the wings and a max profit of 8,500. I think I'll probably close half and transform half. That's kind of what I'm thinking. Kind of what E Allison mentioned above. Yeah, so if I Show you here. Give me a minute. Yeah, so right now if I transformed half, let's say I got 1355, which is about where it's trading. And then I closed half for about 985, which is where it's trading. That would give me a minimum profit of 275 and a max profit of 4775. So, that's what I'm thinking. >> All right, so I closed half. And I transformed half. So yeah, minimum profit 275 max 4775. Get that posted. All right, just posted that. Yeah, I like that Tony and I've done that for sure. On some of them. It's just hard to see like It's just uh uh You know, like this one. It's like right here at 77.51. Just If we just move up a little bit, and all it takes will be a little move. So, it's it's just that dilemma. And then, you know, if you if you play it the way that I have the last, you know, yesterday and today, you just got to accept that every once in a while it's going to fall in your little valley. Yeah, especially on the days like yesterday, especially, where it just it literally just sat in the valley for hours. And you're just thinking, "Surely it's going to move 15 points by the end of the day." You know, you start You just play that whole game. SpaceX still near of day. All the people who thought the lockout date was going to send SpaceX lower get their getting their faces ripped off. MOC in 2 minutes. Yeah, I like that mentality, Tony. The 55 Mahomes is trading for about a dollar 30 it looks like. >> One minute till the Nasdaq will be the market to close. In balance data. >> One minute till MOC. >> Small MOC, I'm going to go half size. Big MOC, I'll go full. >> 10 seconds. Mark on close imbalance S&P 500 buy side 508 million. Nasdaq 100 buy side 313 million. Dow 30 sell side 95 million. Mag 7 sell side 237 million. >> What do you have against 55 a bush? I mean, based on your track record with my homes, I think I should triple my size now on 55. I'm going to go half size. It was sitting at an exact pin yesterday for about a minute after the close. And then it moved a few cents. So, it wasn't an exact pin, but it was within a few cents. But, it was literally at it the exact pin. I thought it was going to be an exact pin. What about 50, Abosh? You taking that one? Abosh likes 50. He hates 55. I've got a 50 and a 55 working at two bucks. Looks a little sleepy. >> Fridays can be a little sleepy into the close. If we can push up to 55, that should be close to filling. There's 54. I'd prefer 55 up to 60, Noah, if you don't mind. That'd be my preference. That would help my head start a condor out. Sitting in between strikes still. There's 55. No fill. there's 56. Getting close. Looks like it's close. Back to 53. Less than 4 minutes. Looks like it's trading at about a dollar 85. 3 minutes. Here we go. Filled on the 55s. See, now this is the time when we need Trump to open his mouth. Not before. Not 30 minutes ago. 56. 57. There's 58. You got it. You can do it. Keep going. We need a new high of day. 59. >> There's 60. Stay up, little buddy. Less than a minute. 61. High of day was 6308. There's 62. You got it. You're doing a good job, SPX. Stay strong. Oh, no. Oh, boy. He's fizzled. He's fizzling. 10 seconds. Oh, no. What is that? What was that? That's not cool. All right, a little inside the break even. 7757.46. 7757.46. So close. All right, all. That is a wrap for the day. Hope everybody has a good weekend. We'll be back at it next week. Oh, check the live stream schedule. There are a few days, the last few days of the week we will not be live streaming. But, uh, first couple we will. So, have a good weekend. Talk to you soon.