 In this video, I want to talk about the earnings report's performance for Q3 2019 and Q4 2019. Now, as we know, COVID started in the first quarter of this year and in fact, the results of the first quarter which would have ended in March and then the results would have started coming out in the middle of April, that got cut short and so we did not do an earning season report service for the first quarter of this year at all. As there was too much uncertainty at that time, COVID had just come in and we had no idea of what kind of impact. However, now going into Q2, we have a very good idea of how the earnings season is going to look like because this would be an earnings quarter which had the full impact of the COVID. So as you can expect, there probably going to be a lot more surprises to the downside and that's great because it can give you some enormous opportunities and so that's what we're going to focus on in this earnings report service for the upcoming quarter which is Q2. Now, what I want to talk about in this video is how we did in the previous two that we did. So first, I'll be looking at the Q4 of 2019 and so the Q4 ended in December 31st and then the earning service started on Jan 15th or so and then it ran into the middle of February and that's what we can expect this time also. We're going to start in the middle of July and it's going to go into the middle of August. We took a total of about 11 trades and 10 of them were outright winners and one trade was a break even. So this was very, very good performance. We did better than the Q3 of 2019 and you'll be seeing the Q3 video right after this one. So the total profit from these 11 trades was about 15,900 and all these trades are based on approximately a 10 contract size position. So we take various strategies whether it is a credit spread or a debit spread or an iron condo, but most of the time it is based on a 10 contract size and this is what we can expect. Obviously, each person can choose their own contract sizes but in terms of the service, it will look at it as a 10 contract size with a budget or somewhere around $30,000. So that would be the total capital outlay for this and of course you might have other trades going on besides the earning service but I would recommend that you keep about anywhere between 20 and 30k for this earning service. Let's now look at the actual trades that we did in Q4 2019. We started out with IBM and we did about $600. Microsoft was a good trade, $2,600. Chipotle, Mexican Grill was very good at $3,000. Shopify, Google, Apple, Goldman Sachs, Facebook, Netflix and Nvidia. So these were all the profitable trades. The only trade that was a break even was Baba. Now granted, some of them, most of them actually, as soon as you put the trade, they become profitable and it's a good strategy and it works very well. On one or two, I believe we had to do some adjustments. I think it was Facebook and Netflix for a couple of those and maybe Nvidia and so we do the adjustment. So as part of the service, you're going to get all the initial trades, the rationale behind it and what is the strategy whether we are taking advantage of expanding volatility or contracting volatility or time decay and we'll suitably choose the expiry series as well as the strike prices and all of that and if it doesn't work very well for the earnings event then we will have to adjust those trades and that's what the whole service is all about and we'll try to turn them around and in fact we did turn around most of them except for Alibaba which was a break even. So now after this, you're going to see the Q3 2019 performance in this video itself. In this video, I want to talk about the Q3 2019 earnings performance. So there were total of 16 trades between mid of October and some of the a couple of the trades went on into middle of December as well. There were 12 winners, three losers and one break even. The winners totaled to 12,475 and the losers and break even was exactly negative 2000. So the net performance was 10,475 and this was all done on an average of about 10 contracts and so the account size would be somewhere between a 25,000 to $30,000 account. You can do for less as well. You don't have to do 10 contracts. You can do two contracts or three contracts and obviously you can do it with a lesser account size but I'm just saying I was assuming about a $30,000 account size and we went about 10 contracts. Now these trades don't generally last for very long because we put it either a few days before the earnings event and then once the earnings event is over, we are most likely going to take it off. Now of course if the earnings report that did not match the trade alignment and then we have to adjust the trades that will what will take the trades a little bit longer and we had a couple of those with Expedia and CRM and we were trying to come back to break even on those two trades we were not able to but most trades generally get over between I would say five to 10 days and so you're not using all your capital at one time. You're generally spacing out your capital because even the earnings announcements are not all together. Many stocks start at the beginning of the season and then it goes on for it goes on for actually a good couple of months and so your capital is being used only on a limited level at any given time. These are all the actual trades that we took we started with Netflix that was a great trade and it was over within a couple of days or so we did about 1450 the next trade IBM went down and then of course we did trades on Chipotle Mexican Grill, Visa, Google, Microsoft, Facebook, Shopify, Qualcomm and actually we had a great winning streak right there and then Tesla was a tough trade we brought it back to break even and Expedia and CRM were the two trades that we had to hold and adjust for quite a while and they still ended up as losers but the positions improved substantially from where it was. Expedia particularly was a problem because Expedia's expected move was plus or minus eight or nine points and Expedia got hammered by $35 it went down by $35 after the earnings event. So these kinds of extreme events also can happen earnings reports are generally a speculative event but when you look at it from the option standpoint you can strategize and you can create strategies simply out of time decay and the volatility explosion and the ensuing implosion or the volatility crush and so most of the trades that went well are all incorporating these strategies all of these are discussed in the earnings max product.