 Hey everyone, welcome to this week's video update recording this on the morning of Saturday, July 29th Before we jump in couple of announcements number one, I'm working on my trade plan for the month of August and I mentioned to when I was on the zero DTE live streams that I'll be putting that out here in the next couple days obviously ending Coming towards the end of July So I'll be working on that the rest of this weekend in Monday and so probably on Monday or Tuesday I'll be I'll be putting that out so that I still got a little work to do But but it'll be a little bit more in detail than the normal So not only will I be putting out the zero DTE trade plan that I'll be doing but also the other For for a lot of the other positions that we trade so look forward to that in the coming days and then the second announcement is Mark your calendars, and you'll and we'll be sending out more details about this But on August 10th, so that's Thursday August 10th at 3 30 p.m. Central So 30 minutes after the market closes I'll be doing a new web class and it's on a strategy that I like to call the time fly So mark your calendars 3 30 p.m. Central Thursday the 10th We getting out more information on that but just want to make sure you get that down All right, so let's jump into the markets, and then we'll take a look at all of our trades and positions for the week starting with the S&P so Let's go to the yes futures so you Decent size swings, but really just back and forth action Here's Monday, and we we ended up a little bit higher in the S&P obviously Wednesday was FOMC day Really fairly muted for FMC the big the big move actually came the next day Look like we are ripping higher than some news from the Bank of Japan came out and got and we got crushed moving lower I really expected a continuation to the downside at least a little bit off that move but not so much Friday was a big bounce back and And back up you know closed at you know recent highs here if we zoom out a little bit. I'm gonna go to SPX You know at the beginning of the year I marked the charts with the expected move for the year and I must have Accidentally deleted my line for the upper expected move, but you know here's the lower end and my anticipation is We would be getting closer to that than to the upside and well obviously that was wrong So we've pushed up the I would say the upper I had my line right under this text so somewhere around here You know 46 80 ish area where we're at 45 80 right now So we're literally a hundred points away in the SPX from the upside expected move Which is the one standard deviation move on? January 1st 2023 so Obviously pretty bullish if we look at that on a year-to-date Percentage basis S&P is up almost 20% Nasdaq is up 45% year-to-date and the Russell is up 13% If we want to throw in Dow as well just to take a look at that which has been strong recently, but it's only up 7% year-to-date. So Pretty pretty strong stuff overall this year But back to this week. So looking at the Nasdaq kind of similar price action a little bit choppy and then Push up on Friday the Russell same thing and the Dow pretty similar stuff Gold and silver will gold had a big pop and then it came down And then it bounced back on Friday Similar to silver silver a little bit weaker Notes and bonds had a little bit of a flush down after FO the day after FOMC a little bounce back on Friday putting the 10-year yield at 3.9 3.95 so just under that that 4% level oil strong Natty gas weak The grains which have been moving soybeans lower for the week Wheat lower for the week after going limit up last week And then corn down as well the euro and the pound lower although they got a little bit of a bounce on Friday and Bitcoin still hovering under that $30,000 level It's been kind of chopping around For the last several weeks All right, let's jump into our trades for the week starting with zero DT heat zero DTE So for all my zero DTE trades ended up booking a little over 19,000 bucks for the week 68% win rate on 16 Total trades if we break those down by the different strategies Let's see AM ratio just had one trade that was on Monday booked about 2400 on that one On the zero DTE ducks. Oh, yeah, I didn't have any did I is that right? I was thinking I had one. I know I tried to get filled Yeah, no no ducks and then FOMC iron condor Had we did one of those obviously with FOMC booked a little over 1100 on that and then on the reverse iron condor During FO on FOMC day. I the main one I took here booked 1700 I went in again with some smaller size Closed out two of three for a nice profit and then the last Contract came back into my valley and expired at max loss ended up net net losing 425 on that one on power our ratio trades took one of those and It was basically a scratch plus 60 and then on the other ones And I've started breaking these down by tronch one and tronch two so So those all all of these this week were broken down by tronch one and tronch two so a little over $9,000 in power hour this week if we look at so Monday tronch one was a winner And tronch two was a loser minus 2300. Okay, so net net winner on Monday on Tuesday Tronch one was a loser minus 3,000 but tronch two was a winner of 4,600 so net winner on Tuesday Wednesday did not trade it due to FOMC Thursday was a little bit of a net loser about 300 bucks tronch one was a winner tronch two was a loser and then on Friday Nice winner tronch one booked over 7,700 Tronch two lost about 2,000 so net $9,000 on power hour for the week Let me see here. I don't think I had any oh, yeah. Oh, yeah, this was a Tuesday morning iron condor Ended up closing out at profit on half of it and then got stopped out on the Or no, I actually got stopped out for the full amount on a first small profit 360 and Then on the reverse iron condors had two of those Both winners. This one was a really nice winner day after FOMC obviously with that big down move Got out of four of my five contracts for a 30% profit left left the last one as a runner so booked over 3500 on that one and then Yesterday Friday Got out of four of five at a 30% profit and then I basically scratched the fifth one So booked a little over 1400 so almost $5,000 on good old Uncle Rick for the week and That is it for zero DTE No dynamic butterfly trades, but we do have one position on in Rut that long duration one and again, what we'll continue to do some longer duration ones, but once I Do the class that I just mentioned on Thursday the time fly That'll be a very pretty active strategy around butterflies. So look forward to that And then next category is Dynamic calendars get all these clicked make sure we got them all covered A little refresh So slightly green on calendars for the week took a $1,200 loss on a TGIF and a $1,300 loss on a 3-4 This is one that I entered on Monday because I didn't get in on Friday for the 6-7 because I couldn't access toss where I was So I ended up jumping in on Monday with a 3-4 which in and itself, you know tests well But no loser this week I had a really a couple really nice B&B's one for over 1200 one for over 1400 and that one I actually closed out the same day. That was the day before FOMC and Another $300 winner trades open on the calendars right now. We've got a TGIF a six seven and a three five That single that's that's just a a oh that that's the NDX. Yeah All right, so let's take a look at those So and let's go to NDX first. We've got that single calendar, which is a put calendar, which is actually Slightly diagonalized. I move the short put back one strike, but it's pretty centered Got a little bit of profit As stated in the in the trade on this one We'll either try to book 20% or if it moves towards one of our break-evens. We'll add a double and and adjust that on SPX We've got the TGIF Which which is doing well it's up It's already up over over $2,000 and then we've got a six seven Which will take off at 1 DTE or start scaling out at 20% profit. Just put that on Friday afternoon. So still Centered and then same with our three five. We'll take this one off first thing Monday morning kind of a weekend B&B and then on to Iron ducks We opened a duck and then we let one of our ducks expire for beak profit Sorry to expired for beak profit. So one expired in in rut one expired in SPX and then we opened a new one in rut So let's go take a look at those So here's the one that we have open in rut Price is hanging out right here. So not much to do on that SPX We've got this one here price is hanging out right there and that's a 8-8 expiration So if we get some down move, we'll we'll add some more ducks We'd like to get one on in QQQ, but just we get we just got the two right now one in SPX one in rut NTT a little bit of a red week for my NTT trades Down 1900 for the week. So Closed a loss in natty gas minus 600 closed a gold countertrend by the dip in gold for minus 700 Enclosed a British pound for 967 Have booked some profits on my EEM trade, but it's still open and then I'm also long the Russell and Short Disney and then options selling and hedgehogs Just had one closed trade Just had one closed trades and it was a small scratch loss on a hedgehog in IWM and the rest of these trades are open So let's go to the platform. I'll show you all the open positions Starting with the euro we've got a Ratioed short strangle, which we've rolled down the calls on prices still well within range down a little bit on that one In oil, we've got a couple positions We've got a hedgehog and we've got a short strangle Here's our hog. We're up a little bit of money on that That has an 817 expiration and then our short strangle Which we've rolled puts up on but we're down on a little bit prices hanging out right here still well within range It could use a little bit down move in cl to get back to center in ES we've got two different hedgehogs Prices hanging out right here on this one and that has a August 10th expiration And then this one here is our most recent one has an August 24 expiration Price is hanging out right there Gold we put on a new reverse hedgehog in gold this week so not much to do on that and Then MES we've got a couple of short strangles. This one price is hanging out up here in the upper end of its range And we've rolled puts up on that so far And then this one we have not adjusted and prices hanging out right there not much profit or loss on that yet Zs we were really close to taking this one off for a quick 30% profit But it kind of moved down on us a little bit So we're holding if we get a little bit of a bump towards center on that one into next week We will be able to close that and book profits Apple we've got a hedgehog. It's got a 811 expiration IWM We've got a hedgehog. It's got a August 25 expiration QQQ we've got a hog. It's got a an 8-5 expiration I looked at taking this off on Friday decided to hold it through the weekend after that big Rally we have so we'll take that off on Monday when it has four days to expiration if we get a little bit of a pop We'll be able to you know price to just scratch out a profit on that one And then rut and SPX should do the ducks there. So that's it my friends That's all for the trades. That's all for the market. That's all for your update. Have a good rest of your weekend Talk to you soon