 Hey everyone, happy Friday today is December 28th. Welcome to this week's video update Hope everybody had a great Christmas great holiday I don't know if if you guys are like me these those long holidays where the markets closed for three four or five days in a row I don't know about you, but I get a little anxious. You know, I'm ready for him to turn the machines back on So glad to glad to be back, but it's also good to take some time off as well Before we jump into the alerts just wanted to make mention of this week's who got caught being hot in the community and This one this week goes to our friend from across the pond in Prague Andre congrats, buddy and also had a birthday this week. So happy birthday and Thank you so much for helping other traders in our community if you haven't checked out His posts from earlier this week yesterday Thursday the 27th. He just he he's been trading for quite a while He's tried out a lot of different trading services And so he he made some pretty detailed posts about his experiences over the year So really helpful. I thought it was really really well put together and thought out So if you haven't checked that out Go do so in the community and with that let's jump into this week's alerts So had a short week. We didn't do any trades on Monday, which was Christmas Eve. The market was open half-day Which some good volume in it up coming in Kind of near the close But we we opted just to wait until after Christmas to do any trading, but we still got quite a few alerts in Just in that in that shortened week. So let's start with Wednesday And our first trade alert was in DIA The Dow ETF, we've got a couple sets of short call verticals And in this case, we are simply rolling down our strikes with the with the market moving down We were able to kind of book that credit and roll our strikes closer to the current price In this case, we were already in February. So we just simply rolled our strikes down from the 246 251 To the 225 230 stayed in February with a lot of time 51 days to expiration So let's take a look at DIA now here. Here's something else that I wanted to point out Just looking at the chart So this was Christmas Eve here. So this was the largest drop in the market on a Christmas Eve ever, okay, so You know, it kind of a record-setting day to the downside for for a Christmas Eve, right? No, no Santa rally this time But then look what happened on the 26th the day after Christmas This was the largest one-day point move to the upside in the Dow in history Okay, so this the reason I'm pointing this out is this just goes to show you that you just you don't know What's gonna happen, right? on on Christmas Eve and you know leading up to that I mean we've had a significant drop and It almost makes you think wow, you know, this market is crashing This thing is gonna keep going down and then the very next day two days three days in a row It just rips your face off to the upside and that's why it's so important and that's why we we always talk about we're not We're not making all of our adjustments. We're not placing all of our trades Even though it's it could be warranted to do so. We're not doing that all in one day You know, we're spreading it out over multiple days multiple weeks multiple cycles And and that's why it's important to do that because you just you don't know what's gonna happen And we saw that a real clear picture that over this last week So here's where we are in DIA. So this is the one that we rolled with the alert and Since our role, I mean the market has has ripped higher So it's it's already ripped out of our range here So we're just looking for some more downside to to benefit that piece but we're keeping this on for that short Delta exposure and Here's the other piece that we have on also in February and you can see this is pretty close to where we rolled it No P no P and L profit or loss to this point on that piece So just holding those for that short Delta exposure and by the way where we're at right now with our overall short Delta is We we've got a little bit of short Delta If we don't include our oil position now I don't I'm not trying to cherry pick and exclude certain things because oil Certainly has been fairly correlated to the market as the markets move down Oils move down on days when the market bounces higher a lot of times oil is moving higher So we we don't want to exclude that, but we also want to take into consideration You know where we're at with everything. So we're actually a little bit long Delta If we include our oil if we take the oil piece out, we would be actually a little bit short Delta So I'm comfortable with where we are. We did add a little bit more short Delta today to our overall portfolio Which I'll get into on J&J You know, of course, I'd love to have more short Delta because I think there is some more risk to the downside But we also don't know that right so we're just gonna we're gonna play it We've seen a huge move down. We're getting a little bit of a bounce higher So we'll continue to add a short Delta. We're not gonna do it all in one day But as we see opportunities to do so we will continue to add some short Delta in for that downside protection So that's DIA next trade was a closing trade in Netflix so this is a short call vertical that came down on the day after Christmas and We went ahead and booked that one booked over a 50% of max profit on that piece of the trade that did take off some of our short Delta But we just thought it was a good idea to kind of you got to book those profits You don't want to get too greedy and so that ended up being a good thing as Netflix did turn around to go higher The rest of the week So in hindsight, that's always that that was a good trade And then next trade was a rolling adjusting trade in SMH the semiconductor ETF so we had a short strangle on there and We were getting down close to that 21 days to expiration at that time There's 23 days and price had breached our downside short strike So what we did is we rolled down our calls and rolled out to February So let's take a look at what that looks like if we go to SMH It's basically a straddle. So we rolled our calls down to the 85 strike We already had the 85 put rolled the whole thing out to February. So now we've got the 85 straddle in Feb the other thing I mentioned on this week's earlier video Was you know, these these strikes now they've gone to two and a half points wide but at that time they're the only options were five point wide strikes and So we were kind of limited to either the 85 or the 90 we ended up rolling up to the 85 rolling down to the 85 in that case and so you just got to kind of Play the card your dealt and and use the strikes that are available at that time So that's where we're at in SMH next trade was a closing adjusting trade in spy So we closed out our short call vertical side of our iron condor price had moved down Breach the downside break even so we closed that out Still holding that short put vertical side. So let's take a look at that if we take a look at SPY Go to our analyze tab now You can see with the last few days up move this price has moved all the way back into range And so now we are looking for a little bit more upside on that piece And then if we do get it, we'll go ahead and close that one out Book a profit on that iron condor overall Excuse me and and and continue to manage as needed now Also, we had added a another full iron condor centered around current price now you can see With the current with the recent up move now prices all the way up here kind of an upper range of that iron condor Which is fine. I mean that gives us a little bit of short delta, right? And so we're still well within range nothing to do here implied volatility has gone up since then too so We're down a little bit on the trade but still well within range So just going to continue to hold and manage that as needed Next trade was an opening adjusting trade in SPY. So that's the iron condor that I just showed we open that in February with 51 days to expiration IV percentile at the time was 99 Next trade was a rolling adjusting trade in XRT. So we rolled our strangle in XRT From January to February The calls had very little value left, you know, this is art This had already been adjusted once and so in this case we went inverted. So we've got the 41 calls 43 puts the inverted strangle and we're out in Feb So I got a couple questions on this and and this is a little bit confusing if it's your first time But you know if a market keeps moving down, you're just going to keep rolling your calls down and in this case We get where we roll it down to the point now we're inverted by just a couple strikes So we're just you know continuing to hold now prices bounce back So we've made back some money here, and we'll just continue to manage this As we always do so if if if market if this market rips higher You know, we might need to roll our puts up if it continues lower We may need to roll our calls down if it stays in our range We'll just continue to collect that theta and then end up booking a profit. So that is the name of the game there Next trade was a rolling adjusting trade in the QQQ so similar to DIA We've got a couple sets of short call verticals. These were originally part of iron condors We've continued to roll them for that short delta exposure in this case We were well over 50% of max profit on that piece of the trade. So we just went ahead and rolled that Down stayed in February with 15 days to expiration. So we did not roll out in time Just simply rolled our strikes closer went from 165 170 down to 149 154 So let's take a look at the cues So that is this one here so similar to DIA This kind of has bounced up out of our range now So just looking for a little bit of downside to get back into range And then we've also got our other piece here, which we've got a little bit of profit on and Same thing just holding this for that short delta exposure looking for some downside to benefit that piece Next trade is a closing adjusting trade in IYR. So we have This iron condor price came down and breached our downside break even so we closed out the untested side And we're still holding our put vertical side. We've also got another iron condor in IYR as well So here's the full iron condor. You can see prices well within range here It actually got down to a place where it's close it had breached our break even a little bit Excuse me gave it a little bit more time and now it's it ripped higher back into range here So we're in good shape on that one here is the short put vertical from our other piece So still looking for some upside to get back into range there as we get closer to expiration We will either you know look to close this and we probably won't roll because we don't want to extend duration on that long Delta piece, but you know, hopefully if we can get a little bit of bounce back into range might be able to close that And then continue to hold our iron condor in February Next trade was a an opening position. We opened up It was sold some premium in gold in this case I mentioned you could use iron condors or short strangles in either GLD or GC. We opted to use the futures So we're sitting with a little bit of profit here Still very centered Hasn't really moved much since we put it on up a little over a hundred bucks at this point on the trade But applied volatility look look look at the credit that we received for just one contract max profit of over $1,300 $1,350 And that just that just shows you that you know when implied volatility Get super high you just collect such a much bigger credit on these trades If we look at GLD to take a look at where the implied volatility is now Is dropping a little bit today, but right around, you know up around that hundred Area on the ivy percentile ivy rank when we put this on so I just continues to to stay nice and high across the board giving us good opportunities to sell premium And we'll look for additional opportunities into next week to to add some new positions as well Next trade was a rolling adjusting trade in eww So this was one that we had in january and we had We were to the point where over 50 of max profit But the problem was the february options were not available They did become available now. And so we went ahead and rolled that out Locked in that credit and continued to manage the trade. We kept our strikes the same just the 41 calls 42 puts So we are one strike inverted So we just went ahead and rolled that with the same strikes continued to stay inverted If we look at eww It's you know, I had that big move, which is why we had to adjust but now it's really consolidated Giving us a chance to to make back some of that. So we are We are almost we're basically pretty close to break even on the trade overall after after all adjustments And again, look at that. I mean look at that massive move and for us to have been able to get back to break even In that short period of time. I mean that just that just again It proves that the methodology the strategy of staying mechanical With your adjustments Because again, you know, I know when price is really moving like we've seen in a lot of symbols You almost think it's never going to end, right? It's just going to keep going in that direction But nothing goes in one direction forever And that's why this methodology is so powerful And the reason you have to stay small so that you can stay mechanical and make those adjustments And whether a big one directional move because eventually price is going to reverse or start to consolidate and either of those is fine And we can get back to profits if we just stay with the program and stay mechanical So that's where we're at on eww Next trade was a rolling adjusting trade in our friend natty gas So what we did is we've got two different Adjusted short strangles in natty gas in this case. We just rolled one of them out We weren't down to that 21 days to expiration We still had a decent amount of time But but the march options were to the point where they're at 60 days So getting in anywhere from 30 to 60 days is good. So just to diversify our time We went ahead and rolled one of our strangles out to march with 60 days And we adjusted our calls a little bit from uh, uh, excuse me We and and this was pointed out in the community. So this is incorrect. We did not adjust our calls We adjusted our puts from 405 to 3.7 So we're still inverted, but we opted just to adjust those puts not calls Just to get a little bit more credit. So Here's where we stand in natty gas So this is the uh, let's go back to that one This is the one we rolled. Uh, so you could see So well within range. We've actually made up of almost 500 dollars since that roll just since yesterday And so just just waiting for some more time to pass For more some more theta two decay if we take a look at the charts, I mean just crazy move I mean who had this huge massive move up price consolidate a little bit now It's reversed. It's almost back to where it was Before that huge move, which is crazy crazy crazy move. So But again the key the reason we were able to stay in this trade is because we stayed small enough To withstand these huge volatile moves And now we're just waiting for time to pass to continue to collect that theta Hopefully price plays nice and just continues to consolidate And if it does we'll roll this for a couple cycles and be back in the money The other piece that we have is the four strike straddle And so on this one we could actually use a little bit of up movement And we're gonna we're gonna look to roll this one out as we get closer to 21 days to expiration We may even do it next week. Here's the here's the game plan prices right here And if we get a decent move up And you know more towards the center and and we you know get some more profit back in this one Then we'll probably roll before that 21 days If it just kind of hangs out here, we may just kind of Wait and and see what happens. Obviously if it continues moving down, we may need to Roll our calls down collect some more credit and then roll out in time. So We'll just see what happens Obviously optimal would be for price to move a little bit higher And then we would roll that out continue to collect that credit continue to play that time decay game in natty gas Next trade was an opening trade in j and j we did this one this morning on friday And this was just to add some short delta into our portfolio In a in a previous video. I think it was I think it was last week We mentioned, you know some some different symbols. We were looking at to add short delta J and j just looks like you can I had had that big move down. It's kind of bounced higher The last few days and so just looking for an entry point to get a potential continuation to the downside And so that's what we're looking for in j and j. So we just sold a short call vertical here We could for some downside movement in the stock to benefit that trade Next trade was an opening adjusting trade in wheat so for slash z w and what we did here is With these back-to-back alerts here. We opened a new Wheat iron condor out in march with 56 days to expiration And then we were over 40 of max profit On our february one that had 28 days. So we went ahead and booked that one So book that one open a new one in the next cycle So if we take a look at wheat Here's the one that zeroed out. That's the one we closed So let me just uncheck those and then this is the one we've got so pretty dead centered We just put that on this morning and so just going to continue to wait to see if we can get some Consolidation in price and if so, we'll go ahead and book this one at the normal 30 to 40 of max profit We're pretty close to even on our wheat trade overall We've been in this a while just kind of battling this back and forth But I don't I don't mind that because it's just giving us that exposure to to a commodity that's not correlated to stocks Or bonds or net gas or oil. It's just another exposure outside of those So I like having at least one grain on Basically at all times in this case. We're just continuing to hang on to our wheat position And add and book profits add to book profits until we get back and and so that's what we're doing there So those are all the alerts. Let's take a look at some of our other positions here oil We've got these two pieces on our 54 56 and prices is right here So just looking for some more upside and oil to benefit that um What a move on the 26 right the market was up had its biggest day up and oil was up Over 10 percent that day Which was I mean great for our position, but big big move there too So we can just get a little bit of a bounce higher here and kind of consolidate in this range. That would be ideal Obviously the market always doesn't do what you want it to so if it does continue lower We will continue to play the game by rolling our calls down If we take a look at at how much value is left in our calls. You can see we got we got quite a bit so Um, not not looking to make any adjustments at this point Also, we've got 48 days left in that march cycle. So a lot of time left So just really playing the waiting game here in oil And then our other piece is the 53 call 63 and a half put We can see kind of a similar story. I mean price is hanging out down here Just could use some upside movement to benefit that oil trade Yes, we've got this long put vertical that we've got on for short delta exposure I've got some profit here just looking for some more downside to benefit that I mentioned gold. I mentioned natty gas bonds We've got a short strangle on here just playing the waiting game here looking for some more Theta to the k some iv contraction in bonds I mentioned wheat. We've got apple. We've got this long put vertical here for that short delta exposure So I'm just looking for some more downside and apple to benefit that DIA EWW EWZ We've got a short strangle on here pretty close to where we put it on dead centered in our strangle So just playing the waiting game there In facebook, we've got a short strangle on here. We're in the profit on this trade Just looking for some more time to pass some more theta to decay before we book this one Uh, if we look at the charts here Yeah, the the earnings announcement date isn't hasn't even come out yet So we've got some time here. So hopefully price can kind of Consolidate between now and then and I'd love to be out before the earnings announcement But we'll see what happens. We may hold it through depending on where we're at. We'll just have to see Fxi the Chinese a large cap ETF. We've got two butterflies on here Here is our one in February and this is our put butterfly You can see prices well within range here And this is one we put on after price kind of broke out of the range on our call butterfly So just looking for some upside movement in this one on our January fly IWM We've got two pieces here kind of similar to SPY We've got price that came down and breached our break even so we took off the untested side We took off the call vertical side still holding this put vertical Looking for a little bit of upside to benefit that if it moves back up into range to a point And we can book a profit on that we will if not We'll just kind of hold this for now if it moves too much lower You know, if we get to a point where it has a very low probability of getting back in a range We may just close it out But we'll see what happens and then our other full iron condor we've got in February in IWM You can see it's dead center. Just waiting for some more time to pass there IYR I mentioned J&J Lulu Our good friends Lulu lemon Excuse me Just looking for some downside to benefit that this is one we put on for some short delta exposure We were at a point where we are at or near 50% of max profit. We opted to hold it Just to keep some of that short delta exposure on Obviously in hindsight, we wish we would have booked it I think some of you mentioned in the community that you did go ahead and book that so good job on that But we're just you know, if we get a continuation to the downside, we'll be good here QQQ I mentioned SMH SPY XLK Also another short delta position we've got on you can see price is still within range here Just looking for some downside to benefit that And then I mentioned XRT so those are all the alerts. Those are all the positions Hope everybody has a great weekend. Look forward to a full week of trading next week. Have a great one everybody