 What's up navigation traders? Hope everybody had a great week of trading Welcome to this week's video update today's Friday, January 5th I hope you are enjoying all of the new course training that you got in your members area now as a pro member So getting a lot of good feedback from members. So I'm glad that is helpful. Let's uh, let's jump into the alerts for this week So starting on Tuesday remember New Year's Day was on Monday So short week of trading first trade was on Tuesday, January 1st where we opened a Short strangle in FXI So if we go to the platform take a look at FXI still pretty centered within a range here No profit or loss just waiting for some more time to pass as well as some contraction in implied volatility to benefit that piece Next trade was a closing adjusting trade in Nat gas So we closed out the put vertical side of our iron condor Price breached our upside break even so we closed out the untested side So we're still holding that call vertical side and as I mentioned, we're still holding the other full iron condor as well So if we take a look at Natty gas Here's what we got here. So if we take a look at just the Just that call side that was that alert there So you can see so price came up and breached our upside break even and Since that alert prices come all the way back into our range So we just need a little bit more time to pass or a little bit more down movement and we'll book that piece for a profit The other piece that we have on is the full iron condor and you can see price still well within our range You need a little bit of an up move on this piece to before we book a profit on that one so hopefully we book a profit on both of these pieces get a little bit of back and forth and And then we might potentially be at a Natty gas. Although if we look at UNG, which is the corresponding ETF First of all today, they did kind of the reverse split on these on these symbols that have a drag to them And if the price gets too low, then they'll reprice it so you can see it went from six dollars up to 22 Well, it's all priced relative. In other words, if you were long this you didn't make a bunch of money and vice versa but what I wanted to show you was simply the implied volatility in that gas is up near 100 So with that high volatility, we'll still continue to want to sell premium in that gas So if we take one off We'll probably be adding another one to continue to play in that because we're getting such good credits for selling premium in that gas at this point remember you you got to use UNG as the symbol to look at to Figure out what your implied volatility is because if you look at it on the actual futures That's not an accurate reading. So make sure you're looking at UNG for that Next trade was a closing adjusting trade in wheat. So we closed out one of our iron condors booked about a 40 percent Over 40 percent of max profit on that piece now. We still have if we take a look at wheat We still have two other iron condors on one of which was a an alert I'll address here in a bit, but this is our this is our other one And so me a little bit of down movement in wheat to benefit this piece and Then another alert we sent out this week was adding another iron condor In fact, this was this alert was today and you can see it's still very centered nothing to do in that one So working our way back nicely in wheat Next trade was a rolling adjusting trade in XRT. So We had an adjusted strangle which ends up being a straddle because it's at the same strike It's a 44 put 44 call. So we simply rolled that from January to February We kept our strikes the same With 16 days left to January to expiration in January Remember on these especially on these uncovered options like strangles and straddles once we get under that 21 days to expiration The risk or the gamma really starts to accelerate So we want to we want to lower that risk by rolling out to the next expiration cycle So we rolled out to February and then as I mentioned, we're also holding the other strangle the 43 48 in February IV percentile in XRT continues to stay high. So again, it's another good trading vehicle right now We take a look at XRT So what we've got here, here's the here's the one that we just put on so you can see prices still very centered and then the the other strangle which I'm showing here as as a as a Theoretical position but reason being is because I'm transitioning the alerts to a new account And so this is this trade is actually on but for this purpose So I don't have to switch platforms in the in the middle of this recording I'm just showing you this theoretical trade But I've got the price locked in at the actual trade We got filled at and as you can see it prices hanging out up here near our Upper side of our range. So we need a little bit of down movement in XRT to benefit that piece Next trade was opening trade in SPX. So we put on a calendar IV percentile of time was five It's gotten down even lower with the market moving up and So if we take a look at SPX And again, this is another one that we're transitioning to the new new account So I'm showing it Theoretical but this is the actual price that we're filled at and that we are in the trade at You can see price has moved all the way up through our break even I was trying to get filled on an adjustment this afternoon never got filled So we will look to potentially add another calendar on here and SPX just like we teach in the course To make that adjustment. So look for that first thing on Monday next trade was an opening trade in Alibaba and so what we did here is this is a pre earnings long strangle So a lot of times for these pre earnings trades like this when we're just trying to capture that Increased expansion and implied volatility will do a long straddle in this case based on where the strikes were and the pricing We actually widen that out a little bit did the 185 180 and we did a long straddle long strangle So if we take a look at Baba And again, this is one that we are move transitioning to the new account as well. So What you can see here is we're already up about 200 bucks on the trade. I was trying to get filled to get out of here Today didn't get filled. So hopefully price stays higher And maybe we get a little bit of pop higher and a little bit more expansion implied volatility But this one will be coming off Potentially early next week as well for a nice profit total total buying power on this was 829 dollars. So we're looking for about 20 25 percent profit and we are there So we'll be looking to you manage that one as a winner potentially Monday Hoping it doesn't come down on us over the weekend Next trade was a closing trade in Microsoft So we had a short put vertical on a bullish play in Microsoft booked a profit of about 60 percent of max profit there So that was a good trade and same thing in Starbucks. We had a bullish trade on in Starbucks We booked for over 35 percent of max profit in that trade. So that was another good one Next trade was a closing adjusting trade in DIA. So we had a an iron condor on in the diamonds we Price breached our upside break even so we closed out the put vertical side Closed out the untested side just like we teach in our course Ivy percentile at that time was about 24. It's gone down a little bit since then So now we're just holding the call verticals. So if we take a look at DIA You can see we've got two call verticals on both of which to have moved out of our range at this point Really what we're looking for is just holding this to to remain To keep some short delta in our portfolio These January options have how many days do they have left? They've got 14 days. So next week Unless we get a big move down or even if we do get a big move down in the market We'll be rolling these From January to February So look for that at some point probably later next week. We're in no rush I mean if we get a if we get a nice down move that's gonna help our portfolio But remember we always want to keep a short bias on our portfolio Now with the with the extension of the market that we've seen to the upside. I mean look at this thing This thing is just super strong with that, I mean we've we've Naturally acquired additional short delta So we are a little bit more short biased in our overall alerts portfolio than I like to be but we'll address that next week by either adding in some long Delta with new positions or Lessening our overall short exposure But that's just kind of the nature of it when you're when you're playing these Market neutral trades as the market moves sometimes you'll get a little bit more short bias Sometimes you'll be a little bit more long bias But we want to make those make those adjustments so we don't get too Overweighted in one direction and we're a little bit overweight in to the short side right now But we'll we'll address that next week Next trade was a closing trade in Ford slash ZN, which is the 10-year note. So we had a short strangle on We had this on we put this on just 10 days ago And we booked a profit today Around 30% of max profit in just 10 days. So that was a nice nice trade This is another one of those when we're trading the futures that we have to use the corresponding ETF Which in this case is TLT So if you look at TLT you can see we got that nice contraction in implied volatility last couple days Gave us the opportunity to to book that book that quick profit and Lastly we had an opening adjusting trade in Ford slash ZW, which is the wheat futures and I already went over that But this is where we added that additional iron condor on in wheat So now we've got the two iron condors. This is the one we just added today So obviously still very centered and we'll continue to monitor and manage that as needed Let's go over some of the other positions that we have on we've got in the Ford slash ES Which is the S&P 500 futures. We've got a couple call verticals again with the strong market They've moved up out of our range, but we'll look to roll those next week again, we've got about four we've got 14 days left to expiration on Those so we'll look to roll and adjust those next week Nat gas I went over that soybeans in Soybeans we've got a couple of different positions. So we've got this Let me reset this so I can uncheck some of these so we've got this Shortput vertical so we need a little bit of up movement to benefit this piece the February options have 21 days So we still got a lot of time in there got Over two weeks before we'll look to potentially roll that and then we've got our full iron condor, which is in March and That's still very centered. So nothing to do there I went over Baba Costco So this is interesting. So even with this strong market Costco did not participate In fact, it was down almost three quarters of a percent today We take a look at the chart, you know, as long as it's staying above that 185 level We're gonna we're gonna let this continue to play out But we just need a little bit of a move up to about you know Kind of retest the highs there and we'll book a profit in Costco If we get a close below that 185 level, we'll probably cut our cut our losses on this We initially put this on as a post earnings short put vertical where after earnings You can see price jumped up above its expected move and a lot of times It'll it'll grind sideways to higher in this case had a little bit of dip came back and it's just kind of hanging out here So we'll continue to watch and monitor Costco DIA I talked about EWW. So this is the Mexican ETF We got in this when applied volatility popped above 50 It's had a decent move up if it continues higher into next week We'll make an adjustment by rolling up the untested side But as for right now, we're just waiting for a little bit of a down move in EWW to benefit that one FXI we've got that strangle here. I think I already mentioned that one IBM so We were we were looking to get filled and take profits when it was trading right around here at about 156 dollars And then it made a huge move up pretty quick. We're unable to get out So we will no need to manage or adjust this yet But if it does continue to move higher in the next week, we will roll up our untested side and then And then we'll want to roll this out to February as well IBM does have earnings coming out on 118 So, you know, we want to be aware of that. We've got some we've got some time before Before that comes into play, but we'll be keeping an eye on that Then IWM we have this short call vertical, which was part of an iron condor Waiting for a little bit of a down movement there if we don't get that into next week We'll look to potentially roll this or add an additional iron condor if if we get a little pop-up and implied volatility. I Mentioned the Q's I mentioned SPX Xlu So if we take a look at the analyze tab here, you can see we've got a decent little profit total buying power in this almost 600 bucks. So we're looking for about a 25% profit on this. I was trying to get filled on this today. Didn't quite get filled So we will look to hopefully book a profit First thing Monday morning in Xlu. So that's all the alerts for the week And that's all the positions that we currently have on Hope everybody has a great weekend. Look forward to a great week of trading next week. Have a good weekend. Talk to you soon