 Hey everyone welcome to this week's video update exclusively for pro members today is Friday October 2nd Hope everybody had a great week of trading taking a look at the markets S&P 500 notably Pretty wild day-to-day in the markets Obviously we woke up and the market was down quite a bit with the market getting spooked due to Donald Trump our US President getting the coronavirus and then rallied all the way back up and then closed down about 22 points So kind of a wild ride all in all for the week I mean some really big swings, but you know pretty much just kind of stayed inside this little consolidation box here Still looking for the same thing that we've been talking about for the last few weeks looking for one more leg down here in this market We'll see if that comes true and starts coming to fruition next week If price does push up back above this kind of consolidation level that we had here I think that third leg might be off and we might be looking back to all-time highs But playing a little bit to the downside at this point got some short Delta and so that is the plan Let's jump into the alerts for the week starting with Let's see Monday was The 28th So let's get let's start on Monday here So the first trade we did on Monday was DIA so we did a opening adjusting trade in DIA so we had a couple different short-call verticals on We ended up taking one off after getting assigned Waited for the market to bounce back up added this one back in so now we're back to having two different short-call verticals in DIA so let's take a look at those One of them we've got three contracts with prices just outside of range here And then the other one we've got four contracts This is the one we just added back and it's pretty close to where we added it no profit or loss at this point Next trade rolling adjusting trade in XBI. So we've got the short strangle, which has been adjusted into a straddle Rolled that from October to November. We were under 21 days to expiration So just wanted to roll that out extend duration kept these strikes exactly the same. So we've got that straddle on still Uh price is kind of hanging out right here. So not too far off from where we rolled it in XBI We've also got a long call which we don't do a lot of long calls But with the price action that we're seeing in XBI had a big move up kind of started pulled back And so we're looking for a potential continuation in XBI and just kind of balancing our portfolio adding a little long in there with some of our other shorts Next trade SMH did a rolling adjusting trade. We've got a short strangle in SMH rolled this from October to November We were under 21 days to expiration just extending duration on that Uh smh down 3% today But we're pretty much dead centered now the implied volatility did has been elevated since then So we're down a tiny bit, but we're dead centered in our risk profile graph So in good shape there just waiting for some more time to pass and theta to decay Closing adjusting trade in SPY. So we had an iron condor in our october cycle still And so we were over 50 of max profit on that. So we just closed that out. We're still holding our other Iron condor in november and you can see prices hanging out right here. So just waiting for some more theta decay in that one Opening trade in SPX so we did a A new weekly double calendar already had one So this was our second one that we had on at the time and we closed both of those out today So I'll get to that here in just a second Rolling adjusting trade in ZB. So we've got a short strangle in ZB that we went ahead and rolled out We were close to 21 days to uh expiration a little bit over But we were had a really nice percentage of max profit I can't remember exactly what it was but went ahead and just rolled that out. So let's take a look at ZB So this is basically a straddle our our strikes are pretty tight here We've just got the 78 put 79 call price has now come down since we did that but So we need a little bit of up movement and really just more time to pass to benefit that trade trying to work back to profits in ZB Closing trade in SPX. So we had a an iron duck price ran higher So had very little chance of getting back to the duckhead. So we just booked that Booked about beak profit on the trade in fact exactly beak profit on the trade call spread was $5 wide Closed it out for five bucks. So we I think we made 165 bucks on that one Natty gas rolling adjusting trade in that gas. So we've got a short strangle in natty That we rolled out we were we were pretty inverted and the strikes on the call side Were so deep in the money that the the liquidity wasn't as great and they they were a little bit wide So what we did was we just rolled this and un inverted it So now we've got the 2.7 put 3.75 call prices hanging out right here Even though it was pretty centered We're down a few hundred bucks just because the implied volatility has really popped popped up in uh, well pretty much in everything Uh, but including natty gas. So we're just giving that more time Okay, so spx. We had another iron duck that we closed out booked a booked another beak Actually a little bit over beak profit on this one with with price running higher And it was great timing because then the next day this morning market flushed lower and we added a new one on so Uh worked out well on those iron ducks Uh, here's here's one of our weekly double calendars that we closed this morning And let's just go to our uh, so we did that and we opened up another iron duck So let me just show you that and then I'll talk about our weekly double calendars So an spx Here is the duck that we put on we did this one with 12 days to expiration So it's pretty close to where we put it on So just have obviously no risk to the upside and a huge buffer to the downside where we can potentially hit max profit Uh, and then the weekly double calendars. Let's just go to our Uh, we closed both of those today We closed one out first thing as the market started to push higher You know, we had a we had a nice profit in one And so I didn't want to lose that profit in case the market just continued to rally which it did So I went ahead and closed that one out Booked $380 on that one and then later in the morning. This one was pretty well centered And so we booked 795 on that one. So Great couple of trades there. Those are all of the alerts for the week. Let's take a look at some of our other positions We've got a couple of long put verticals in es Uh, just holding that for that short delta exposure price is just outside of range on this one So we need some downside to get back in there And then this one is just inside range. So similar situation Gold we've got a couple of iron condors One is hanging out here kind of in the lower end of its range And then we've got another one here. Both of these are in the same cycle This one is more centered. We're up about 78 bucks on that So just looking for price to kind of ping pong around and maybe we can book profits on both of those I showed you natty gas bonds apple We've got a long put vertical here for some short delta prices Just outside of range on apple looking for some downside to get back in Even with the market going down john deers been very strong We've got a short call vertical here with price a little bit out of range But just holding that to see if we can get some some downside action As you can see, I mean this this thing has just been really strong Even with some of the downside that we've seen in the overall market DIA I showed you that IWM We've got a couple of short Short positions here one of which is a bunker in december pretty close to where we put it on Looking for some downside to benefit that Then we've got a couple of long put verticals. This one just outside of range This one is just inside range. So again, just holding these for a little bit more downside Same thing with qqq. We've got a bunker and a couple verticals There's one of the verticals and here's the other So just need a little bit more downside action to benefit those Let's see smh I showed spx spy xbi and lastly xl k so we've got a long put here in xl k This one expires. We've got yeah 14 days So we'll probably do something with this next week if we get a nice little flush down And we'll just book that if not, we'll we'll we'll close it anyway Potentially re reestablish with longer duration or consider rolling it but probably just close it and Wait to see what happens. Uh, we've also got a long put vertical Just need some downside to get back into range there And then we've also got a bunker which has got a little bit of profit Just looking for another flush lower before we do anything with that So that's all the alerts. That's all the positions. I sent out a kind of a recap of Day trading if you want to check the facebook group We post daily recaps on the day trading stuff there And then I also just recorded the monthly recap of performance for all of our core trades and our day trades So you'll see that posted on the blog here in the next in the next day or two So everybody have a fantastic weekend. We'll be back in the live trading room today trade on Monday Look forward to that everybody. Have a good weekend. We'll talk to you soon