 Hey everyone, welcome to this week's video update today's Friday, August 18th Hope everybody had a good week of trading. Let's take a quick look at the markets And then we will jump into all of our trades for the week So starting with VIX Volatility peaked its head back up above 18 before retracing today So pumping a little bit of juice back in the options, which is always welcome for us premium sellers As far as the S&P goes obviously down week for the second week in a row same with the Nasdaq Russell was a little bit stronger today kind of a little bit of a bounce but still on a slide downwards and the Dow Down as well Gold continued lower silver continued lower. Although it did have a bounce Thursday and Friday Bonds continue to push lower, which is pushing the 10-year yield up to 4.255 to end the week Oil a couple little bounces Thursday and Friday, but lower for the week as well and natty gas pulling back As far as the grains go soybeans up Wheat was up today, but down overall for the week corn Pretty close to where it started the week The Euro down for the week the pound up for the week and Bitcoin big drop down to back down to 26,000 so that's the market. Let's take a look at our trades from the week start with zero DTE So a little bit of a red week for zero DTE down 7,000 total on all the zero DTE strategies if we break this down by the different ones 925 condor 1025 depending on where you live A couple good trades the dick case special plus 700 on one plus fourteen hundred dollars on the one today So a couple thousand dollars there Am ratios, I'm just gonna put all these together as far as am ratios go three winners one loser Pretty much a scratch week for am ratios. I had one on the 14th for plus seventeen hundred on the 15th minus 38 16th plus a thousand and today plus 1200 zero DTE iron ducks Two trades one was a big loser minus 5200 one was a winner for about a thousand Started doing just selling puts on specific criteria Just did one of those was just kind of testing it out actually did it in SPY plus 530 on that one No ratios power hour So how did we do in power hour this week? Not good almost 14,000 on Monday all were winners on Tuesday all were losers on Wednesday trunch one was a loser trunch two and three were winners on Thursday Trunch one was a loser trunch two was a winner trunch three was a small loser and then today trunch one because I Reduced my stop small winner and then two and three were losers. So Power hour struggled a little bit this week just a 50% win rate between all of those trades The quiet lunch trades continue to do really well Three winners on those one for thirty eight hundred one for nine fifty one for twenty one hundred and then I don't think I had any Wednesday PMs. Oh, I did. Yeah, I did one for minus forty three hundred and then reverse iron condors Continue to do really well two winners one for eighteen hundred one for thirty seven hundred So down week overall for zero DTE, but the good news is that was the only thing that was down for the week On our dynamic butterflies refresh that so we had a Bunch of time flies this one was actually put on before the class that I did last week So but booked fifteen hundred on that and then we booked four other winners seven hundred six oh five nine hundred six thirty five And we've got one of those on So let me show you our current flies first one is a Longer duration flathead woodpecker and I'm not sure what's going on with toss But we actually we put this on for a credit for some reason it's showing as if we put it on for debit And it's showing we're down a thousand, but we're really up a little bit of money on that So I've got a I got to figure out what's going on on that As far as our time fly goes we've got one of those on and it's currently up about four percent So we should be able to take that out on Monday barring a massive move over the weekend Next set up our dynamic calendars, which did very well Click on these all make sure we don't miss any Yeah, so six seven books seven fifty three five books four sixty five Tgif booked almost two thousand and then some b&b's for three hundred three seventy five six hundred four hundred So b&b's have been performing really well plus forty eight hundred on our calendar positions this week Iron ducks got smoked out on a couple ducks one in rut for six oh seven one in spx for seven thirty no NTT Option selling some really good profits in our option selling oops So let's see this 60. Those are just the book credits. We're actually down on that one overall, but it's still open MES that's a that's a roll so that was still open booked over twenty two hundred dollars on a hedgehog in ES books 480 on a hedgehog in IWM book 217 on a strangle in MES book 360 on a volatility contraction trade in VXX and then the rest of these are open So let's take a look at our open positions So here's the here's the short strangle in 60 We've rolled down our calls three times on this one prices hanging out right here So need a little bit of a bounce in the euro to help that one out in Oil we just put on a New hedgehog in oil prices hanging out right there not much to do on that one and then we also put on a short strangle in oil and We just put this on so we're up Just a little bit of money 50 bucks on that one Yes, we took off a big hedgehog on that as I showed you and then we have another one on That's doing really well As price pushes down kind of pushes us down into that sweet spot in Gold we've got a reverse hedgehog and Price is way down here. So most likely that one's going to be we'll take that one off here in the next week or so and Probably scratch maybe a small loss maybe a small win on that one MES We've got two short strangles That one's pretty well centered. We've adjusted that a couple times not quite to our profit target And then this one we've adjusted once and so we're down just slightly on that one NQ got another hedgehog in NQ that's doing really well Actually, we've got two of them. So we've got this one here This one here There we go No, that's not right either. It's this one here No Which strike am I on there we go? So that one's that one's coming in nicely up a couple thousand on that one and then the other one we just put on That's this one here So we're up just a little bit Zs we've got a short strangle on in soybeans that one's pretty well centered with this nice bounce we got back We're almost at profit target after adjustments But not quite there QQQ we've got an iron duck on pretty well centered Rut we just put this iron duck on prices still way up in the beak area SPX we've got another duck on and it's pretty much in the middle and Then VXX we've got one Vertical on that is slightly down. We put on another one today Pretty much at the top of volatility and it's contracted down so we're up about 250 bucks on that So those are the those are all those trades. I uh, I usually am sharing we also have a group for Just portfolio margin traders for those who have portfolio margin with their with their brokers And we just do trades specific to portfolio margin these are usually Only trades I share with those folks, but I'll show you we had a we had a big week for portfolio margin position So if there's anyone listening who has portfolio margin and is interested in the portfolio margin group Just check out the portfolio margin channel in discord. It's by application only But here is our PM trades for the week All of which were winners booked over 14,000 520 and in fact this this superfly that's still open that show in minus 2900 The other piece of it that we haven't closed is up about four thousand So that net net bat actually about a positive thousand on that one So I had a PM condor that we booked 1700 on a time fly that we booked over 1100 on Hedgehog we scratched plus 35 golden shark booked 3300 another golden shark booked over 2000 a Call swoosh we booked 1600 another time fly book 2400 a reverse calendar book 2800 Another golden shark booked 1100 and another time fly booked 1200 so those Came to life a lot with the with the volatility that we've we've seen this week So overall zero DTE down, but a lot of good things happen this week as well So that's the beauty of having all different positions. So hopefully that was helpful as far as Livestreaming Monday, I'll be streaming at the open for zero DTE on Monday morning and then also for power hour So look forward to seeing you then talk to you soon