 Good evening navigation traders today is Thursday, December 5th Just wanted to send out a quick video to give you some thoughts on What's going on today and tomorrow? It's currently about we've got about a little less than 40 minutes till the market closes on Thursday So the markets are still open and we're looking at a chart of the S&P 500 so yes, and what I'm looking at here is We've got about you know, we like to keep a little bit of short Delta and our short Delta right now is about two and a half To one versus our theta. That's kind of the ratio. We look at and we'd like to be anywhere from one to one to five to one We're in the middle there. I have been doing a little bit more short Delta or letting some short Delta accumulate And here's what I'm looking at. I mean we've just been on this incredible run. We had the last week We had that big push down and now we're starting to Crete back up so kind of pull back up after that flush down what I'm looking at tomorrow is for a potential rollover or early next week and you know What am I why do I think that I just I like to look at these situations where we've we've had a situation where we get a Move in one direction in this case this flush down and and we are now creeping back up and and just looking for a rollover No probabilities This is this is more of just something of kind of market awareness watching the markets for 20 years and you know plays I like to make now does that mean it's absolutely gonna happen. No, of course not but You need to take an assumption on the market Of course being Delta neutral is an assumption Having a bearish assumption is an assumption having a bullish assumption is an assumption So it's okay to have a directional bias and that's what we're doing here So we're just taking a little bit of a directional bias to the short side We've got we've got quite a few different short Delta positions on with IWM XLK QQQ DIA so we're well positioned for this for this rollover if it does in fact happen Now keep in mind tomorrow morning Friday morning before the markets open at 7 30 a.m Central time they are doing the announcement of the non-farm payrolls and Unemployment so depending on how those numbers come out. I mean, that's that's what could trigger The movement in the market even before the market even before the even before the cash market open So look for that around 7 30 a.m. And you know depending on If the market likes those numbers or likes those reports, you know That's that's what I'll be looking at to see if we can get a rollover which would really help our portfolio And if the market does go down a decent amount I also think we could see a real rally in bonds So you you kind of got the opposite in bonds where you had this big push-up and now it's pulling back and And these bonds could turn around and rep hire so that's kind of the anticipation in bonds We do have a an adjusted short strangle in bonds if we take a look at that. We're well positioned for that as well So if you know bonds move higher that's gonna move as Closer into the center of our range there, which would be great And so I just I really like how our overall portfolio is positioned a couple of the things here Just wanted to cover One I posted in the community here just to reiterate. We've got a position on in Roku This is a reverse iron duck because he prices all the way up here really very tiny chance of Of it getting back into the max profit area into the duckhead these options expire tomorrow So we are just going to let these expire and collect that beak profit in this case 122 bucks Better than a sharp stick in the eye. I was trying to get out of this I've been I've had a resting order in for for some time to get out of this at $2 and 49 cents I don't want to pay more than 250 because that we're just paying up to get out of it now if you needed the capital I mean this is tying up 2,300 bucks So if you wanted that capital to redeploy and other trades by all means pay up a few cents But with toss removing those exercise and assignment fees. We're just gonna let this expire Collect that beak profit and move on. So we're just holding that until tomorrow The other thing is we had a We had a double calendar in Rutt our UT we took off for a nice $460 profit and then let's see what's the other one. Oh the other one was RH so this is kind of a normal iron duck or I should say Traditional iron duck where in this case prices moved way up the beak way up here So very similar situation. I was trying to get out of this at $2 and 49 cents Which is just a penny less than the width of the call spread the width of the call spread is $2 and 50 cents So it's trying to get out to to book that beak profit not getting filled So again, we're just gonna let this expire There is a very little chance of it getting back to the max profit area So if you needed this capital for other trades again, just by all means take that off pay up a few cents And take that money and run we're just gonna let it expire and book that beak profit Which in this case is 128 bucks and Then lastly last thing I want to mention was we put on a trade in Ulta Ulta announces earnings after the close today, I believe yeah after market close and so We have that we have on this iron duck. So price is sitting right here. And so obviously if price shoots higher We're gonna be fine. We're gonna collect that small beak profit if price moves down into this area We're gonna collect that max profit and these options expire tomorrow So we'll be holding this up near the close tomorrow And of course what we don't want it to do is we don't want price to come way down here Which is is possible. I mean, you know earnings earnings can move stock. So we'll see what happens But still a high probability trade. It's got over a $20 expected move From where it's at right now up or down. So hopefully if it moves down it stays within that expected move We'll book a really nice profit if it rips higher. We'll still book that beak profit. So Hope that was helpful. If you guys have any questions, let us know