 What's up Navigation Traders welcome to today's update today is August 5th We've got about 20 minutes until the cash market closes S&P up 20 Dow up 3 50 Nasdaq up 28 and Russell leading the way up almost 2% Kind of feels like Groundhog's Day, right? I mean just another day another update in the market I tell you what else is continuing to go up up and away is gold and silver I mean precious metals are on an absolute tear. There's silver You know, is that a flight to quality in anticipation of something is that just based on the US dollar Continuing to get weak We shall see whatever it is. They are just ripping higher bonds that about a half percent today So seen a little bit of weakness today in bonds, although it's been on a pretty steady grind to the upside as well I tell you what's not Groundhog's Day is day trading We've been doing a lot of this lately and don't forget I know you guys have heard me talk about it every single day for the last few months But tomorrow is finally the day August 6th 4 p.m. Central time We are doing our day trading options for income class. Just go to navigation trading comm slash day trading dash registration and sign up for the class save your spot The strategy we're teaching is called the mighty 90 the reason we call it that is because we only trade the first 90 minutes of the day and then we're done in fact sometimes we're done after about 60 minutes. So Pretty powerful stuff. In fact, let me bring up my Facebook group. Yeah, I think this I think yeah I think it's kind of on your screen here, but basically if you go to Facebook and search navigation trading or Day trading options for income. You'll you'll find our group here You can join this where we've been posting our performance each day. So you can see today booked over $476 trading the mighty 90 strategy and we're trading it. Let's see. So Tesla Amazon Shopify those are big symbols. So I think I what I did every every day I set a rule and I've been kind of varying this all over the board But today I said, okay, no more than $3,000 on any one position So on Tesla Amazon Shopify is only using like one contract on those because those are big big boy symbols And then the others I was using, you know around $2,000 maybe and so you know like Facebook I was using eight contracts and some of it You know depending on the pricing of the others, but no no more than $8,000 at any one time so that you know If you look at $8,000, you know, so almost 5% return on capital for what was in play at any one time today So good stuff. It's been very consistent. I think over the last month. I've only had three losing days So continuing to hone my skills a lot of emotion and discipline and mental discipline and focus when it comes to this But it's been pretty awesome if you just simply follow the rules And we're gonna be teaching you step by step every step of the way holding nothing back Tomorrow August 6th at 4 p.m. Central. So look forward to seeing you there. Make sure you register save your spot It is going to be a good old time. All right back to the platform. So what did we do today? Well, we had some I showed you our earnings trades yesterday So let me let me kind of pinpoint where those are at Disney first. This was the expected move It's opened up at the expected move We did not have a chance to put on a post earnings trade We have that iron duck on and so remember with our iron ducks We have no risk to the upside and so no matter how high this thing went We still booked a little bit of a profit there. The other one was Twilio Twilio came down a bit and so it's positioned Right here. We're up a couple hundred bucks hoping it comes down a little bit over the next couple days We book a what we call a duck head profit Otherwise, we'll still book a little profit no matter how high it goes in the beak and then lastly beyond meat Bynd we did a reverse duck so we had no risk to the downside and price went down So we're just gonna book a little bit of a profit there try to get filled on just taking these off today But didn't get it so we'll try again tomorrow or you can just let them expire. So That is what we did today We did add a new iron condor in gold as well You know with this with this rally that we're seeing in gold if we look at the ETF GLD With the rally that we're seeing we're seeing elevated continued elevation of implied volatility level So good time to sell some premium. So added an iron condor in our gold position and that's about it We're just trying to see if this thing if this market can have a little bit of two-sided action and And see what happens tonight after the bell Roku announces now implied volatility Surprisingly it has contracted. I mean this is one of the symbols It's actually the IV percent IV rank below that 50 level especially leading up to earnings is not normal But it is what it is. So we passed didn't really get a good setup on what we would consider doing in Roku So no trade there, but we will be watching the earnings announcement after the bell And then let's see a few other stocks here, you know, Amazon up another 2% had a nice day to the upside Boeing up 5% Starting to look like it's got some legs Booking calm up 3% now booking announces tomorrow after the market closes So we'll be taking a look at that one. It's a nice big juicy stock with some heavy premiums in it Banks are up today capital one up 2% Disney up after earnings. I already showed you that it was up Over 11% come down off of its highs, but still up nicely. Let's see Tesla is What's Tesla doing today? Tesla is flat So that's all we got. Hope everybody has a great evening. We'll talk to you tomorrow