 Hey everyone, happy Friday June 4th here with your pro members weekly video update. Hope everybody had a good short four day week and a good long Memorial Day weekend. Starting with just taking a look at the markets, I'll give you a quick update on our day trades and then we'll jump into the alerts portfolio. Starting with SPX looking at this on a year to date basis on a percentage basis. You can see the S&P is now up over 14% on the year just under all time highs so after that little bout of volatility that we saw in May things are ripping back up to new all time highs. I was suspect we blow through that next week but we'll see and so that's the S&P. The NASDAQ has not quite gotten back there but still just a hair under all time highs up over 8.5% year to date so just a few percentage points under all time highs in the NASDAQ. Obviously the NASDAQ had a little bit rougher May than the S&P 500. If you look at RUT, the Russell's still a little ways under the all time highs as well but the Russell's up over 17% year to date. So NASDAQ the weakest of the bunch, I guess we could look at Dow as well, DIA pretty similar to SPX up about 15% just under all time highs so we'll see which one of those can kind of lead the way. If we look at the VIX volatility specifically, I mean the VIX is down over 9% today just getting crushed. If we look back you know it's back down to that pre-pandemic level and so hopefully we can get a little two-sided action get some get some little spikes in the VIX here and there that always helps with getting in positions and taking positions off and two-sided action is just you know it's a lot more fun right. Bonds if we look at TLT, bonds have really been just in a pretty narrow range over the last few months so nothing it's kind of at the top of that range now big big update in bonds today and then gold, gold is taking a little dip this week but has just been on a really meteoric run, silver kind of a same same thing a little bit of a dip the last couple days here but bouncing back today and it's been on quite a run to the upside so we'll see if that continues but with that let's jump into let me give you a quick update on the day trades actually a terrible week day trading minus 34.52 on the day trades didn't post didn't stream all last week so this is kind of the first week back and unfortunately mostly the runners were the culprit mighty nineties book 956 did one pair straight for 223 but had a had a bad week on the runners part of that was the market just slapped us just the bad guys won and part of it was I mismanaged a couple trades a little bit as far as held on to some losers that went a little bit too long but still you know grand scheme of things this kind of the total still in good shape and you know going back all the way since we started tracking these back in August haven't had two losing weeks in a row so let's hope we can bounce back like we usually do that is the plan will be streaming every day next week if you get a chance to join us would love to have you in there alright let's jump into the alerts so starting with Tuesday market was closed Monday from Memorial Day so Tuesday June 1st put on an iron duck in SPY one of the reasons I did this with with SPY is just because for the similar expiration cycle in SPX they did not have five point wide strikes so I had it I would have had to do 10 point wide and that's quite a bit of capital so I just did SPY and did six contracts so if we take a look at SPY our analyze tab we've got a couple positions on here one is a vertigo let's click off that one first so this is our iron duck that we put on so you can see prices well up the beak right there so got still got a chance to get back to the dug head and this doesn't expire till 622 so got some time there as well so we'll continue to manage that while we're here I'll just show you the vertigo so this is pretty much it break even on our P&L so you don't need a decent size move up or a decent size move down to profit on this this expires next Friday so we've got some time all of next week to to see some price movement there and so hopefully that happens and then QQQ long put diagonal so we had a long put diagonal that we booked booked a profit on we had we actually started with five contracts took off three for over a hundred percent profit and then held the other two looking for a potential continuation to the downside and the QQQ's actually jumped and so we ended up just letting our short remaining short puts expire max profit and held on to our long remaining long puts and then and so this alert was the fact that they expired still booked a profit on that long put diagonal in QQ's overall SPY so this is the vertigo I just showed you that we opened entered this starting with nine days in the front week 12 in the back and then rut opened an iron duck in rut Russell was down this day the other indices were up but Russell was down so we entered a duck in rut did this one with 13 days to expiration so let's take a look at rut prices up here up in the beak so still decent chance it could get back to the duck head but if not you know this one expires 617 so we're just kind of layering into these ducks when we see opportunities specifically down movements in the market that allows us to get kind of further away on the downside for our break even and get a little bit more credit and then and then just kind of layering these in so put that one on in rut that expires 617 I showed you the one in SPY that expires 622 so just continuing to layer on these ducks as we see the opportunities present themselves Lulu did a closing trade in our pre earnings double calendar it was day of the earnings so we had to close this booked a bit over 17% profit on that one Netflix long put diagonal so this is one that we this is one that we closed our remaining put so this is one where we had we took half off booked a nice profit held the other half looking for some continued downside didn't get it and then so we held we let the short puts expire held the long puts the long put made or the stock made a nice down move yesterday on Thursday so we took off that for you know got back some of that premium so I think net net on Netflix I can't remember exactly I think it was a I think it was a small winner like a $60 winner or something like that but so we're out of our Netflix long put diagonal SPY vertigo so we had one that expired last week with one DTE so we went ahead and took that off didn't quite get enough price movement if we look at a chart of SPY we already looked at SPX but if you look at a chart of SPY specifically I mean we put that on and literally price did not move the whole time we were in that thing and so we ended up just having to close it out took a small loss on that one SPX closing trade so this is a weekly double calendar booked a nice profit on this one today we held this one to zero DTE just because of the amount of premium that was still in it and it paid off good because it pushed up and did you know the implied volatility skew didn't collapse on it which was which is perfect so we booked a nice profit on that one and then we opened up a new weekly double calendar so let's take a look at that one did this one with seven days in the front week yeah seven days in the front and ten in the back so if we take a look at that got a couple positions here alright so the one that zeroed out that's the one we just closed then we've got an iron duck and then we've got our weekly double calendar so prices moved up slightly out of center since we put this on this morning but still pretty well centered while we're here while we're here on SPX here's the iron duck that we have and this one expires on 612 you know so we've got an expiration on a duck at 612 we scrunch this together for you so you can see it a little bit better 612 so move this 612 still have a slight chance of getting back into the duckhead so we'll continue to hold this in the next week if price stays here or pushes higher we'll probably just close that out early in book big profit otherwise if we do you see some downside may have a chance to get back into the duckhead so we've got this one expires 612 got one 617 622 so again like I said just kind of layering in to these so those are all the alerts let's take a look at some of these other positions we've got a long put vertical in S&P futures that we're holding for downside prices moved at a range there so we need some downside to get back in in bonds we've got this short strangle that we've been managing we're up about five hundred and some dollars on this piece since our last roll a little bit of a move up today but implied volatility still contracting so we're getting some nice theta decay in there in Apple another one of our short positions we've got this long put vertical prices just inside the range there so looking for some downside to benefit that same thing with DE prices just inside that range there looking for some downside to benefit that one quite a few of these verticals on DIA just outside a range IWM just outside a range McDonald's all right so McDonald's is a long put diagonal and we were looking for some downside so we put this one on after that after that flush we were looking for something that was not tech related to get short and so on that bounce we got short right here looking for a potential continuation lower obviously that didn't happen this thing just kind of pushed and pushed and grinded higher and so this thing expires today on the front week so you can see technically tomorrow six five and so what we're going to do is we're just going to let those puts expire worthless book max profit on those so that's plus five sixty on on the short puts and then we'll hold on to the long puts which are at max loss and so the reason we're doing this is because there's there's really no reason to take these off they're already at almost max loss and so the only thing that can happen is if McDonald's does have a swift sharp down move you know we might be able to get some of that back that happened with us in Netflix the one I just talked about earlier that we that we got some back and so we'll just hold on to those long puts into next week they expire at the end of next week and so if we do get a sharp down move in McDonald's we could potentially benefit from that but we can't really you know we can't lose anymore so that's the plan there in video same thing this is a remaining long put that was already at max loss we already booked profits on half the position and then we booked you know max profit on our short put now we're just holding this one obviously this one expires now so we'll just go ahead and let this one expire and our Nvidia position will be done QQQ we've got a couple positions here we've got an iron duck in cues and this one expires 617 as well so again we've got ducks in spy spx cues rut so got a good diversification with symbols as well as duration this one's hanging out right here in the duck beak and we'll we'll hold this one till closer to expiration or if it rips higher and we don't have much of a chance of getting back to the duck head then we'll just close it out early otherwise you know we still got a decent chance of getting back and then the other piece in the cues is a vertical spread just outside the range so holding that for that short delta exposure I mentioned rut I mentioned spx mention spy lastly XLK another long put vertical price is just outside the range so looking for some downside to get back into range there so those are all the alerts those are all of our positions that's your update hope everybody has a good weekend got a full week of trading next week we've got a lot of capital to deploy just hoping for you know potentially a little bit of pop and volatility to kind of start layering in some more positions but we'll continue to layer in our weekly double calendars we'll continue to layer in our iron ducks and we will continue to add in some directional plays if the implied volatility stays low so look forward to next week everybody have a good weekend we'll talk to you then