 What's shaken navigation nation today is Monday December 3rd in light of the Technical difficulties that we're having with our technology for Friday's weekly video update I just thought I'd come in here and redo it re-record it We are we're working on a solution to be able to broadcast live in the community because I think it's gonna be a huge benefit for everybody But unfortunately, I mean we've tried crowdcast as the one we posted with on Friday We've tried zoom Go to webinar, you know all the big names for that kind of technology and unfortunately The you know when you do it live, we're getting that blurry Visual we're we're getting kind of that delayed and skipping stuff that we we had on on Friday So it's just not quite there yet We're gonna continue to test different solutions and the the community platform that we the platform that we use For the community has talked about coming out with their own native Live video capabilities, so hopefully that comes soon because I really want to be able to do that for you all but Anyway, I'm gonna catch you guys up kind of redo this going back to next week's last week's trades through today Monday and And and so we are on it. We're gonna we're gonna find a solution But so sorry for that issue and we'll we'll make sure we get it get it right going forward but this will continue to be posted in the VIP pro group area and And then last announcement before we jump in here Don't forget markets are closed on Wednesday, so there will be no alerts on Wednesday unless there's a Major thing that we want to do primarily in the options on a futures market because the main equity markets will be Will be pretty much closed and if they are open those that are open for a brief period You know the liquidity is gonna be thin so we don't want to be doing a lot of trading on those days All right, so let's jump in to the alerts starting with the 26th, which was last Monday and Let's go through these first one was a rolling adjusting trade in EEM So we rolled our short strangle in EEM from December to January kept the strikes the same at that 37 42 level We were over 50% of max profit on that piece of the trade So we wanted to just extend duration and roll it out so Let's take a look at EEM on the platform It's up 2% today So you can see now this is up here kind of close to testing our short strike to the upside So if we get a little bit more downside movements more time to pass We will look at potentially booking that one Next trade was an opening trade in Ford slash 6e, which is the euro Ivy percentile at that time was at 53 and we've got a decent amount a little Decent amount of profit in here not quite enough to take off yet up about 175 dollars on a possible 625 so we are going to wait and try to get some more theta decay there Next trade it was a closing trade in Ford slash 4 slash 6e So this was one that we actually closed the previous Friday What happened was we we we left our resting order in the in the order queue by mistake He got filled after hours So that's why that alert didn't come out until Monday morning But we booked over 40% of max profit the good news is that you should have been able to book more Get out for even better prices. So hopefully you got even more than 40% of max on that one Next trade was a closing trade in IYR So we had an iron condor in IYR had to make several adjustments throughout a couple cycles But by staying mechanical booked profit of $500 on that trade Next trade was a rolling adjusting trade in EWW So we rolled one set of our short strangles in EWW from December out to January and we adjusted our calls down from 44 to 41 and And then we were still at that point holding our other short strangle in December Now I'm gonna go to the platform and talk about EWW because today we ended up taking one of those off and booking a Profit on one of those pieces. So I'll get to that here in a minute Closing trade we did we bought back a strangle that we had in SPY booked over 35% of max profit in just 11 days on that one We actually re-entered a position in SPY today, which I'll also get to in a minute Next trade was a rolling adjusting trade in SMH So we rolled our short strangle from December to January and then we rolled our strike call down from 104 down to 101 We were over 50% of max profit on that piece of trade of the trade So we just wanted to extend duration with 24 days left in December It just made sense to roll to extend that duration. So if we take a look at SMH show you where we're at now Price has moved up some today. It's at 1.8 percent stocks really strong today So we're kind of hanging out in the upper end of our range here But just nothing to do but wait and see in SMH at this point Getting a nice contraction in implied volatility here across the board with the with stocks moving higher So we'll just kind of wait and see on that one Next trade was an opening adjusting trade in IWM So we simply just added an iron condor in IWM At that point. We were still holding our other trade I'll kind of skip ahead here because we had a second iron condor This one we closed out booked over 45 percent of max profit on that one And then we're still holding this one that we added. So if we take a look At the platform here IWM moving up with the rest of the market today implied volatility contracting nicely If we take a look we'll see that uh prices up here to move to up out of center But still well within our range. So we'll just continue to wait and play that one as needed The next trade was an opening trade in netflix. So this is one where we added some short delta And we did that by selling a short call vertical in netflix and uh And so prices prices moved up since we put that on if we take a look See prices moved out of our range here And the reason we put this on I talk about this from time to time when we get directional Really what we're looking for is a pretty decent move in one direction And then we try to enter on a little bit of a pullback now we entered on the pullback But it did continue higher So, you know if netflix can roll over it was a big today now It's up just barely on the day a little over a quarter percent So we can get some follow through to the downside That will definitely benefit this trade but we We needed some short delta in our portfolio And to give you an idea of where we're at as of right now We were right at about one to one so With the up movement obviously you're automatically naturally going to get some short delta because our range bound plays as price moves up That increases the short delta on those positions So just kind of naturally we gained some that way and then we also gained Some short delta by adding this netflix position as well as one in invidia, which I'll go over in just a second The next trade was a closing adjusting trade in IWM That's one I already mentioned then we did an opening trade in EWZ selling some premium in the brazilian market And plied volatility continues to stay high You can see this is really centered and just since since then Plied volatility has contracted a decent amount and we're up about 130 of a potential 475 So if we get a little bit more profit quickly, we'll go ahead and book that one If not, we will just manage as necessary If we take a look at the charts, you know after today's big move You can see applied volatility is really starting to contract down below that 50 level after today So uh getting some good contraction in implied volatility across the board Next trade was a rolling adjusting trade in facebook So we had an adjusted strangle at the 140 135 strikes 140 call 135 put And we were at 21 days to expiration at this point. So we just simply rolled this out to January and kept our strikes exactly the same So if we take a look at facebook, which has moved up a little bit since that point Since that roll so you can see we've got a little bit of profit since we did the roll But uh just waiting for price moves down a little bit waiting for a little bit more implied volatility Some more time to pass before we close that one out Next trade was a closing adjusting trade in fxi. So we had a call butterfly on In december and we booked uh over 20 percent of of profit on that trade And then we're still holding our put butterfly today We went ahead and added another call butterfly back on there. So i'll get to that when we get to that alert Next trade was an opening trade in invidia So as I mentioned another trade that we are selling a short call vertical and trying to add some short delta back into our portfolio In video was up really big today, which is against us. It was up over five actually it was up 6 at one point now. It's up just under four But you can see it's still still in our range, but it's moved against us a decent amount just with today's up Move in the market. So we need a little bit of downside to benefit that one And we'll just kind of hold and continue to wait on that. We are in january with 46 days to expiration. So A lot of time to go there Next trade was an opening adjusting trade in wheat So we added an iron condor in wheat and then the very next trade We closed out the one in our january cycle. So the one in january had 21 days We closed that out booked over 50 of max profit on that piece of the trade And then we added this one so you can kind of think of this as rolling our wheat iron condor Technically, we don't roll those because the platforms don't allow you to roll four-legged spreads But essentially that's what we're doing. So we closed out one rolled the other one out Excuse me re-entered a new one in the next cycle with 56 days to expiration at the time And so we've got that one iron condor on in wheat Which you can see is pretty pretty much exactly where we put it on No profit loss on no profit or loss on that piece at this point Next trade was a closing trade in gc and this is getting into today monday And so we closed out our iron condor in gold booked Over 35 percent of max profit. We were in this for less than two weeks So we are out of gold at this point If we take a look at gld the etf That's that's not a trade. That's just a theoretical position. I was messing around with so I'll take that out But if we look at the chart, you can see implied volatility is really contracted in gold So we're not looking to re-enter in there anytime soon unless we get a pop spike higher in implied volatility Next trade was a closing adjusting trade in eww. So I mentioned this earlier So we had One set of our short strangles that's already out in january. This one was still in december with 18 days left to expiration So we were uh friday It was 21 days to expiration, but we had already done several adjustments and rolls So we like to spread those out. So we gave this A little bit more time which is today and and we had this big move up today and eww Which is great because it allowed us just to close this out book a profit of over 40% of max profit on this piece of the trade and then we're still holding our other piece Which I will show you here So this is our uh, this is our adjusted strangle and you see we've gotten back a lot of a lot of that profit in there We're almost back to even on the eww trade overall So we're going to continue to hold this try to try to get some more profit out of this piece If we get down to a point Where we're close to that 21 days expiration, we'll go ahead and roll this one again, but we've got 46 days here So plenty of time Not looking to do anything at this point Now if the price moves, you know close to one of these break evens on either side Then we'll probably add another short strangle centered just another piece kind of like we we just took that one off We'll probably add another one depending on where implied volatility is, you know The ivy percentile is still at 93 So chances are it should be pretty high Continue to still be pretty high If we need to add another piece on Next trade was an opening adjusting trade in fxi. So this is where we added on another call butterfly We did this out in the january cycle with 46 days to expiration So now we've got the piece in december, which is with today's big up move has moved out of our range um, you can see right here It's well out of our range So if we could get a little bit of downside here and get back to even on that try to get out of that one We entered this other piece here To add some more premium and it's it's dead centered. We we're up a tiny bit since we put that on So we'll just continue to manage this as needed. Hopefully we can get a little ping pong option action between the the two different butterflies And uh, and then and get out of that profitably And then lastly last trade today on monday was an opening trade in sp y So we wanted to sell some more premium in the equity markets get some more exposure there Did this in january with 46 days to expiration IV percentile was at 73 if we take a look at where it's at now Uh, it's come down since then so it's at 69 now After the up move we're getting that contraction And you can see the iron condor here. We're up a little bit of profit But we'll wait and and look for about 30 to 40 percent of max profit on that one So those are all the alerts. Let's take a look at some of our other positions I mentioned 60 oil having a big day for us Up over 4 and the market. Uh, it's got about What is that about a little over a little less than 40 minutes before it closes today? Um, and so here's one of our pieces to our oil trade. It's come back nicely into range And uh, so we've made back some of that Some of that loss on our oil trade And then our other piece Looks like this Price is trading right here. So if we can get price to kind of Stay in this range and we continue to roll for a couple cycles. We will get back Everything that we we need Obviously, we don't want it to continue lower because It's just had that crazy move down to the downside But if we can get it to kind of stabilize Right in this area above that 50 level and we can continue to manage and adjust those those pieces of that trade We'll be fine in oil And uh, and same thing in natty gas and before I get to that, let me just go in order here with the es We've got this long put vertical that we've got on for short delta You can see price has moved Well out of the range here. So just looking for some downside before we do anything there With these options, we've got 18 days to expiration. So Sometime next week or the week after we will potentially roll that Depending on where we're at with everything but with stocks moving higher that obviously moved out of our range And then natty gas our other problem child has has been playing very nice today Down over 5 and a half percent. You can't see the hash mark. It's right there behind that red behind that break even point But it's right here. So almost back into range on this piece And natty gas only has 23 days to expiration in this january cycle So here in the next couple days in fact probably tomorrow on tuesday We'll take one of these at least and roll it out to the february collect some credit on that And then continue to manage that in the february cycle Um, so that's that piece and then we've got this other piece of the trade And this one price is right here. So, you know could still use a little bit more downside movement in natty gas to benefit that one But same thing here. We won't roll both of these pieces out to february the same day We like to spread that out spread our price points and our credits out over a period to kind of diversify that But here over the next week We will have rolled both of these out to the next monthly expiration cycle I mentioned wheat apple So apple's moved out of our range. We've got this long put vertical here for that short delta exposure It's barely out of our range here. So we could just use a little bit of downside and apple to benefit that piece DIA same thing. We've got two sets of short call verticals these were originally part of iron condors that we Kept on the uh, the short call vertical side for that short delta exposure With stocks being strong. It's moved out of our range But we're you know, we've got plenty of time left here 18 days. So we're not looking to do anything quite yet Eem I mentioned that one. We've got price hanging out here in the upper end of the range EFA another short delta piece Price is right here on our break even so we need a little bit of downside to benefit that same thing It's in december. So we've got some time before we decide to roll or close that one EWW I mentioned EWZ. I mentioned facebook. I mentioned FXI I talked about IWM Netflix and vidya cues. So this is very similar to DIA. We've got two sets of short call verticals here And with the strong price movement in stocks, it's come out of our range So just looking for some downside to get back into range there SMH, I think I mentioned that one. Yeah, we've we've got a little bit of profit, but just waiting there SPY I mentioned and XLK Another short delta short short bias position that has kind of broke out of our range So looking for some downside to benefit that piece So overall making back some of those, uh You know intermediate term losses that we saw in oil and that gas Hopefully those continue to play nice for us and we just play the game and stay mechanical Just to reiterate it's so important to stay mechanical Especially when the big moves happen and of course keeping your position size small is the key. So Keep up the good work everybody. Love your enthusiasm and engagement and participation in the community Keep that up loving it and we will talk to you soon. Have a good one. Happy trading