 What's up my fellow trade hackers? Welcome to this week's video update. Today is Friday, July 26th. This is your exclusive weekly review of all the trades for pro members. Before we jump into the alerts, let's take a look in the community at who got caught being hot this week. This week goes to our friend, Truck Chow. I hopefully I'm saying that right, Truck Chow or Truck Chow, I'm not quite sure. But either way, Truck's been with us for a little while and he continues to add value in the community to ask some great questions this week, which is great. I love when people are asking questions because there is a very high probability that others have that same question so that can always help out a lot of people. So congrats Truck, you got caught being hot. Keep up the good work and let's jump into the members area. Go over the alerts from the week, starting with the 22nd on Monday. Our first trade was an opening adjusting trade in Ford slash ZB, which is the Bond Futures. So we added a short strangle in ZB out in what TOS displays as the October cycle with 60 days to expiration. Now we still had another piece on another short strangle in ZB. And so let's go to the platform and take a look. So here's the other piece that we've got on and this is in the cycle with, as of now, 28 days to expiration. So TOS displays it as the September cycle. And so this one, you can see prices hanging out. Within our range here, we have gotten back some profits since we rolled this. Could use a little bit more downside. What's interesting is about the, with the pricing of the options in here is, is look how the profit line isn't kind of a bell shaped curve, but it's more of a straight line and that's just due to the option pricing at this point. But if we get a little bit more downside movement, get a little bit more closer to center, we will probably close that one out. And then we still have this one, which is the alert that I just mentioned, which is another short strangle. And you can see prices fairly centered here. We've got a little bit of profit since we put it on, but just playing the waiting game in ZB. Next trade, we did a rolling adjusting trade in SMH. And so this is the, we have two pieces on here. We rolled this one set of short strangles from August at that point with 25 days to expiration out to September with 60. The reason we didn't wait all the way down to 21 days to expiration is just because they, there was very little value left in those puts. So we wanted to go ahead and roll those up, collect another credit. And so that's what we did in SMH. If we go to the platform here, SMH. So we've got two pieces here. The other one is in August, and you can see with this strong movement to the upside, this one is one that we'll take care of next week, even though now this is down to that 21 days to expiration, just wanted to give it a little bit more time, did a lot of adjustments and things today. So we like to spread out those rolls, spread out those adjustments. And if we can get a little bit of a down movement early next week, that'll be better before we do that roll. But that's the plan with our August piece. The September piece, which is what this alert that I just mentioned was about, and that's this one here. So you can see prices still within range, but it's even moved up since we did that roll. So just looking for a price to come back into center and just kind of hang out and give us some theta decay. I mean, SMH along with a lot of stocks and indices have just been, it's just been super strong. And so we're looking for a little bit of a pullback, a little bit of that cyclicality to continue to manage these trades. Next trade, closing adjusting trade in ZW. So we closed out the call vertical side of one of our iron condors. Price had breached our downside break even. So we just closed out the untested side, which in this case is the call vertical side. So we've still got two pieces on in wheat. So we've got this one here, where you can see, like I said, price came down and breached that. There was very little value left in the call vertical. So we just took that off. And so if we could get a little bit of a bounce higher back into range, that's what we're looking for on that piece. And then the other piece we've got here is another full iron condor where you can see we've got some profit, but just not enough to take off yet. So just continuing to hold on to that one. Next trade was a closing trade in CL. So our good friend Oil put on a short strangle and then a couple of weeks later, 15 days later, booked that for over 35% of max profit. So we were out of oil at that time. Now you'll see in another alert coming up that we went ahead and re-entered because implied volatility was decent, but we were out of oil at that point on 7.24. Next trade was an opening trade in SPX. So we've been doing these weekly iron condors and weekly double calendars in SPX, entering with around between six and eight days. In this case, it was seven days to expiration on that front week. And then in this case, 21 days to expiration on the back week. And so got in there for 26 bucks. And so let's take a look at that one. You can see prices are up about 200 bucks on the trade. And remember with these, we're not managing these at a percent of max profit. We're waiting till we get down to that one day to expiration. So this has currently five. So a couple of days will come off over the weekend and then we'll take this off kind of mid week next week. And so that's the plan on our SPX double calendar. Let's go back to the alerts here. Next trade was a closing adjusting trade in GC. So we had several gold trades this week. This was on Thursday on 7.25. So we closed out our remaining call vertical side that we had in that August cycle, took a loss on that piece of the trade, but we were down to the point of, basically the last trading day for that cycle. So we were hoping for a little bit of a down moving goal. Never got it. So we just closed that piece out. And then we're still holding our full iron condor in the September cycle with 33 days to expiration. And I'll get to the other piece here coming up. We've had a couple more alerts today on Friday. Next alert was an opening trade. So like I said, we re-entered, got back into oil, did another short strangle in oil. And that one's pretty close to where we put it on. You can see dead center, no profit or loss at this point, just playing the waiting game in oil. Next trade was an opening trade in Starbucks. So that was this morning. I posted in the community before the market opened that we were looking at both Starbucks and Google as post earnings short puts and short put verticals because both of those announced earnings last night, they both opened way above their expected move. And so when that happens, it's a very high probability play that price is gonna kind of stay steady to hire. Now this one just assumed, not too long after we entered, it kind of took off. And we went ahead and booked over 40% of max profit in under an hour. So it moved really quick. If we take a look at Starbucks at the chart, what you'll see here is, in fact, let me go to like a intraday, a five minute chart. Yeah, so here's the earnings announcement. So it shot up, so it was above the expected move, which at that point was about four bucks and it opened up about $6 higher. And then this is where the market opened. And so we put the trade on here right close to the open and boom, it just shot up. And so that is what happened on that one. You gotta kind of have your finger on the trigger. I mean, sometimes you just never know, obviously, but sometimes price will kind of hang around or go down a little bit before it grinds higher. Sometimes it just takes off and shoots higher. In this case, open up right here, bounce around a little bit and then boom, just shot up. And so we were able to book a quick profit on that one. If we take a look at Google, it happened even quicker. We tried to get filled on this one. We never even got filled. And as you can see, it opened right down here and it never even moved down a tick. I mean, this thing just shot higher. So sometimes you get in, sometimes you don't. You just gotta kind of be ready. I mean, this is exactly how we teach it in our earnings course. There's a section specifically on post earnings short puts and short put verticals. You can either do it to find risk or you can just sell naked puts. Obviously on a stock like Google, it's 1,250 bucks. Selling puts is gonna be pretty capital intensive. So on something like that, we would do a short put vertical. But anyway, good trade in Starbucks. Next trade was a closing trade in SPX. So we had a, I already mentioned our alert that we did our double calendar. This was our SPX weekly iron condor that we had put on last week. We were, even yesterday, we were up a decent amount on this trade, but just holding it after all the good earnings announcements basically kind of pushed the rest of the market higher. And so today, obviously the market, the S&P's up over 18 today. And so we got out close to the opening, scratched out a small profit. It would have went even further against us. So good thing we got out. Obviously getting out yesterday would have been even better, but that's hindsight trading. You can't do that. So that's just part of the game. So we did get out for a winner, not as much as we had hoped, but that's where we're at. And then again, going back to our iron, excuse me, our double calendar trade that we've got on, we'll either add another double calendar or we'll add another SPX iron condor next week, but we just, you know, this is still pretty centered. So we want price to kind of move away from that specific price level before we add another one on. And just like we teach in the course, if price is going higher, meaning implied volatility is probably contracting, we would probably add another double calendar. If price moves lower and implied volatility is expanding, we would probably add an iron condor. So that's the plan in SPX with our weeklies. Next trade, we did a rolling adjusting trade in Intel. So Intel also announced earnings last night and we already had this position on. And so I mentioned in the community yesterday, I posted that we're gonna go ahead and hold this through earnings. And price initially did move higher, but then it came all the way back down. In fact, let's go to a chart of Intel. I'll show you what happened here, where I open up a chart and let's do the intraday chart again here because that's what really tells the story. Here's the earnings announcement. Boom, shot way up and then just kind of grinded lower overnight. And then, you know, early this morning really dropped and then continued to drop after the market opened. So if we take a look, we went ahead and rolled this because price was out here anyway and our August position was down to 21 days to expiration. So we needed to roll that out to September anyway, collected a credit and prices come down a little bit better into range since there. So we've gotten back some of that since we did the roll, still down some on this trade after all adjustments. But if we can get a little bit more down movement, we'll be in good shape in Intel. Next trade was a closing trade in Starbucks. So that's the one I already mentioned. We just put that on, took it off less than an hour later, booked over 40% of max profit on that one. Next trade was a opening adjusting trade in gold. So these are back to back. So essentially what we did here is we added, I had both of these orders in the same time. We just, we got filled on the opening order first before the closing, but essentially what we did here is we essentially rolled this from, this one had 32 days to expiration, but we're over 40%. We booked over 45% of max profit on that piece, and then just re-entered out in the October cycle with 61 days, which is, you know, it's a day out of our kind of 30 to 60 day range, but close enough. So we wanted to just, we wanted to continue to have exposure in gold because it is one of the few symbols right now where implied volatility is nice and high. So if we take a look at the charts and we look at GLD, the corresponding ETF, you can see IV percentile 82. And so we wanted to make sure and have some short premium. So we added that new centered iron condor around the current price. So that's where we're at in GC. Let me go to the analyze tab, just so you kind of see where we're at here. That looks like my mouse, maybe out of batteries. Gold, okay. So here's where we're at. So price is hanging out right here. So just waiting for some more time to pass and some more theta to decay in gold. And that's it. So those are all the alerts. Let's take a look at some of our other positions. I mentioned oil, ES. We've been holding this one for that short delta exposure. Speaking of short delta, we are right between three and a half to four, closer to four actually, about four to one on our short delta to theta ratio. So we like to be, we like to have a ratio of anywhere from one to one to five to one on our short delta exposure, our short bias compared to the amount of theta we have going on. And we're about four to one on that. So pretty short. And so obviously if we could get a little bit of downside movement in this market, that would definitely benefit us. And not only that, it would push, that would expand implied volatility, give us some more opportunities to add some position. So that would be what we're looking for next week. I mentioned gold, Nat gas. Man, this thing's been weak. Been on a slide. So it is down out of our range. Now, if we look at just the calls, we've still got a tiny, a decent amount, tiny little amount of premium left between the pink line and the green line. So if this continues lower into next week, we'll be rolling down our calls in Nat gas. Of course, if it bounces higher, that's what we need to happen. But if it does continue lower, we will be rolling those calls down next week. We've got 32 days to expiration. So we've got a decent amount of time still left in those September options, but that's the plan in Natty gas. Wheat, did I mention wheat? Yeah, we've got those two pieces on there I mentioned. Apple, we've got this long put vertical. You can see prices just within range here still. Just waiting for, hoping for some more downside action to benefit that trade. Baidu, we put on this pre earnings long straddle. Baidu announces on 730 after the market closes. So we want to be out by 730. Prices just kind of settled in right in the middle. So we remember with these long pre earnings, long straddles, we really want some decent price movement and applied volatility expansion. Now we've gotten a little bit of that implied volatility expansion, but look what price has done. I mean, just sideways. And we put this on with the hopes that, hey, this thing's been going sideways for a while. We can get a little bit of a breakout one way or another. That's what we were hoping, but prices just kind of bounced around and stayed very, very steady, which is not good for the long straddle. So we'll take a loss on that if we don't make a little quick move one way or another early next week. DE, John Deere continues to be strong. And we've got a, it's coming out of our range a little bit here. So we need some downside movement in John Deere to benefit that piece. DIA, we've got two sets of short call verticals. This one here, price is still well within range. And then we've also got the one out in September where you can see prices hanging out right here. So just hold nose for that short delta exposure looking for some downside to benefit those. Same thing with Goldman Sachs. We've got this long put vertical. You can see prices just at a range here, looking for some downside to get back into range on that. I mentioned Intel, IYR. We are almost to a point of being profitable on this trade. If we get a little bit more down movement back to center, we can book this one and take off our IYR trade. Next trend, and Pallad Volatility has been decent in here. And that's kind of contracted now. It's at the 35, but if we can get a little bit of a pop back up higher, we might add to that one. And QQQ, another one that we're holding for that short delta exposure. You can see prices just at a range on both of these sets of short call verticals looking for some downside to get back into range there. I mentioned SMH, SPX, SPY. So same thing, we've got a short call vertical here just hoping for some downside to get back into range on that one. Then Walmart, we've got a pre-earnings long strangle. So when we entered this, price was kind of in between these strikes. So we went ahead and widened this out a little bit so you can see we're down just a tiny bit on this, but they don't announce earnings until 8.15. So we've got a decent amount of time before we need to do anything on this one. But again, just looking for some implied volatility expansion and a decent move in either direction. If we look at Walmart, you can see here we've gotten that grind higher implied volatility which has kept our premium intact. It hasn't decayed much, but now we just need a decent price move in one direction or another to benefit on that one. Whoops. And then lastly, XLK. Again, another one that we're holding for some short delta just out of range here, just looking for some downside to get back in. So like I said, definitely could use some short delta, some downside movement in the market into next week. And so we'll see what happens. If not, we'll continue to stay mechanical and do what we need to do to manage these positions. We're only using about 40% of our capital, so we've got some capital to add some positions, but that's the plan into next week. So everybody have a great weekend. We'll talk to you next week.