 Hey everyone, welcome to this week's video update exclusively for pro members today's Friday, September 25th Hope everybody had a great week of trading Taking a look at the S&P 500 to start Obviously a nice big update today S&P's up 50 The Dow is up 343 Nasdaq up 250 Russell up 21 so a nice little bounce today I don't think we're done with the downside. We had this one big push A little bit of a bounce another push. I think we have at least one more flush. I don't really think that I Don't think the market's crashing. I don't I don't know that we'll get back down here to these lows But sure, I mean certainly could I just think just as a kind of a healthy pullback will have one more flush lower And then we'll see from there But nice little bounce today having some good two-sided action making for some good trading overall In our portfolio some good day trading and with that Let's actually start there and talk about our day trading today was actually a little bit of a a Red day a bad day ending the week if you want to check out today's video recap and more detail about the trades We posted our day trading recap in the Facebook group. So you can just go there to check it out But just to recap Mighty 90 minus 1500 for the week So not a great week in the mighty 90 just did a couple pairs trades minus 134 and pairs trades Runners up 2400 for the week. So total P&L for the week with the day trades 773 Not as great as the last few weeks, but still positive. So we're gonna keep that dream alive and keep it running We will be coming out with our runner strategy class here in the next few weeks So look for that just kind of finalizing details and then we'll let you know exactly when when that's happening So look forward to that Overall for the last four weeks since we've been breaking down our trades into the different strategies up almost $15,000. So still doing very well Had a big mistake in Nicola today that that really brought this down about 1200 bucks 1100 bucks So you can learn more about that in the day trading recap But let's jump over to the alerts and jump into our core portfolio here Starting with on Monday did a closing adjusting trade in gold So we had a remaining call vertical side on of our iron condor got down to just three days to expiration It came back in nicely booked over 40% of max profit on that iron condor overall Had another trade in gold here coming up. So I'll go to the platform when I get to that Rolling adjusting trade at ES. So this is a long put vertical and so there's the closing bell The long put vertical we've been rolling as this market's been going lower to keep that short delta in our portfolio We've been just rolling down our short strategies We're over 50% of max profit on this piece So we just rolled those strikes down and rolled it out So we're at 39 days to expiration and rolled it out to 60 in this case. So let's take a look at ES ES So we've still got the two different verticals on an ES So this is the one that we just rolled it's pretty close to where we put it on here or to where we rolled it The other one that we've got is in this cycle here and we're up about About 280 about 200 bucks since we did that last roll So got some more room to roam to the downside if we do get that additional flush that I was talking about Next trade in apple rolling adjusting trade in apple. So same thing a long put vertical Just rolling that from 32 days to 60 again We're over 50% of max profit on that piece. So we just continue to roll that down Keep that short delta in our portfolio. If we look at apple apple's up almost 4% today So after that roll prices moved up on us out of range But so we still need some downside action to get back into range there Next trade qqq. So this was a bunker that we had in November So we're getting down to that 60 days to expiration in November And so we went ahead and just closed this one out took a small loser in that one never really got the downside that in In that period that we needed to to get out of a with a profit on that one. So we just closed it out XL K long put vertical. So similar situation just rolling these down over 50% of max profit So just rolling it down rolls from October to November. So let's take a look at XL K We've got a couple pieces in XL K. Here's the long put vertical. You can see price moved up today So just at a range. We've also got a long put We're up about well with today's up move only up about 180 bucks we're gonna hold this for that for that Next flush that we're looking for trying to get out of this with at least a 50 some 50 to 100% profit We're in capital using this about 1245. So if we can get out for seven eight thousand bucks That's what we're looking for out of this trade And then we've also got a bunker That's up a little bit of money here. So again holding this if we get that one more flushed down We'll we'll book that one as well Next trade SPX. So we did a weekly double calendar in SPX So this is one that we put on earlier this week, which is three days to expiration Took this off today and booked a winner of $300 on that we ended up putting on another SPX weekly double calendar today that I'll get to here in just a minute We also put on a long call in XBI now We don't do a lot of long calls in ETFs or kind of for this type of duration But let's take a look at why let's go to the charts and take a look at XBI The reason we did this I looked at doing a vertical But I just didn't like the risk reward that we got With the with the rest of the market, you know kind of flushing XBI has been pretty strong And so you can see I made this big push higher started to pull back And so we wanted to just kind of balance out our portfolio It's not that we were leaning too short But I just thought you know if anything XBI is gonna be continued have continued strength Even if the market does continue to get weak and it did flush down a little bit against us But now it's starting to bounce back. So I'm looking for a continuation Higher in XBI. So if we look at where that trade is now, it's pretty close to where we put it on We're down about 50 bucks. I just looking for some upside upside swing in XBI Next trade GC so this is opening adjusting trade where we added another iron condor in gold This one with 34 days to expiration. So let's take a look at our gold positions. We've got two different pieces on This is this is the one that we had on be already had on and you can see prices hanging out right here at the break Even it actually came through and breached it. I mentioned this in the commentary in the community But if we look at just the the untested side the call side We still have a decent amount of premium left in those so I I have not closed that out yet If price continues lower and we get some theta decay I will close that out and we'll just see if we can get a bounce back on the put vertical The other one that we just that I just mentioned from the alert is right here So it's dead centered so we just layered on another iron condor widen out our break evens collect another credit And try to continue to manage our gold trade Next piece opening adjusting trade in SPY. So we added an iron condor and then we closed one out Closed one out No, we did not close it out. I'm sorry. Yeah, so we added this iron condor I was going to close the other one out and then we got a quick down draft in SPY in the market So I did not now and so then I forgot I decided to wait until next week So here's the one that we just put on this one's out in November. We still have our October one on We are close to actually were a little over 40% of max profit and then the market just flushed on us So we never had a chance I looked at it today and and we're back there because this up moved today But I just wanted to hold it over the weekend see if we can squeeze a little bit more out of this But we'll look to close this early on Monday and hopefully book at this point over 50% of max profit on this one on this piece Next straight SPX. So here's where we opened an iron duck in SPX big down move in the market We went ahead and jumped in with an iron duck in SPX. So let's take a look at that. We've got two different iron ducks in SPX That's our weekly double calendar that will the alert will come up here in a second So we might as well just talk about it now. So prices moved up today after we put this on still well within range and We'll look to take that off next week on Thursday or Friday If we take a look at the iron duck situation, let's click off these So here's one of the iron ducks you see prices right here approaching the duck head So if we can get into the duck head nice week next week possibility of hitting a max profit of 605 on that one and Then the other one that we have here is right here Make sure I'm clicking on the right ones Right there So this is the newest one we put on so after today's move. It's kind of run up the beak We're up about 90 bucks on it But got plenty of time and and a possibility if we get a big down flush still to get back down to the duck head So that's the plan on our SPX ducks There's that XPS X SPS duck that we let retire expire excuse me not retire actually booked a full 635 max profit Full duck head on this one. So that was a nice trade. It'd been a while since we got a duck head. So that was nice DIA rolling adjusting so this is a another one of our Short vertical. So this is a short call vertical. We were over 50 of max profit in this So just rolling out to the next cycle extending duration Keeping that short delta in our portfolio. So let's look at DIA. We shedded one of these Last week. So we've just got the one on If we if we open next week If the market opens up I may add another one back in just to add some more short delta to our portfolio But for now we just have this one it's hanging out right near our breakeven Just looking for some downside to benefit that piece IWM closing trade. So we had a another November bunker that was you know a little past that 60 days to expiration. So we needed to close it Got a nice nice little down move At that point on yesterday. And so we ended up closing it out for a small profit SPX weekly double calendar. So here's the one I mentioned earlier booked a few hundred dollars on this one close that out Here's the SPX weekly double calendar that I just showed you And then IWM rolling adjusting trade so another long put vertical that were over 50 of max profit on Just rolled that from October to November rolled our strikes down. And so let's take a look at IWM So this is uh, this is yeah, this is it right here. So I've rolled it. It's pretty close to where we rolled it to We've got one other one in this weekly cycle You can see we're not quite at 50 of max profit, but if we get another flush down next week We will roll that one as well Or we might you know, if we do get another big flush down kind of that third flush I've been talking about We may start to actually lighten up on our short delta But we'll see where we're at with everything at that point. We've also got a bunker in december That's up a little bit of money. So looking for some downside action to benefit that one as well So those are all the alerts. Let's take a look at some of our other positions I mentioned es I mentioned gold natty gas down three percent today. We're up about 466 Price was way down here. It really rallied hard towards the end of the week here On this adjusted short strangle, but looking for some more downside And then we've got about you know, we've got 32 days. So we've got plenty of time on this Hopefully we get a little bit of downside action next week and then You know in the next or in the next couple weeks and then we can look to to roll that and lock in that credit zb This is this is one where we're getting close to a point where we want to roll out We're not down to 21 days to expiration. We're at 28, but next week. We'll be rolling this for sure Rolling that to december with which currently has 56 days Hopefully, you know price maybe moves up a little bit. That would be the best and then if it's dead centered here We'll we'll go ahead and roll that I mentioned apple de still holding this for that short delta exposure just to add a range looking for some downside to benefit that smh So this is one we're going to roll next week as well So price was before this big rally today price was down here And I was wanting some more theta decay wanting a potential little up move before I did anything So we'll roll this one on monday. We're at 21 days today, but I just wanted to give it over the weekend Potentially get a little bit more theta decay before we roll that out to november mentioned spy xbi Oh, well, I mentioned the I mentioned the call in xbi. I didn't talk about the Short strangle which has been adjusted into a straddle. This is another one that's got 21 days to expiration So again, just giving it over the weekend and then we'll roll that out early next week to know to the november cycle to keep that going Uh, and then xlk We've got a bunker in xlk We've got a Short or excuse me a long put vertical and then we've also got a long put We're up about like I said a couple hundred bucks on that one So just looking for a little bit more of a down flush Before we do anything there. So those are all our positions. Those are all the alerts That's our recap. Everybody. Have a fantastic weekend We'll be back trading live for the day trading in the morning 8 30 to 10 a.m. Central if you haven't joined us make sure you check that out We're having a good time booking some profits and look forward to seeing you there. Everybody. Have a great weekend. Talk to you next week