 Hey everyone, welcome to this week's video update today is December 15th. Hope everybody had a good week of trading Let's take a look at the markets and then we'll jump into the trades for the week starting with the S&P Obviously the big news of the week Wednesday FOMC Big move up in stocks Inflation is dead. It is no longer so we can just keep pushing the new all-time highs So all green on the S&P for the week NASDAQ had a little red day in there But pretty much all up as well Russell couple big moves on Wednesday and Thursday a little bit of a pullback today and the Dow hit new all-time highs Again today, so just continuing to push to new all-time highs a gold which hit a new all-time high last week retraced off that pretty quickly settling in at about 2033 Silver couple big up days this week Notes and bonds pushing higher obviously with easing going on with the Fed the 10-year yield coming down settling in at 3.912 after hitting a high above 5 at the end of October Oil a little bit of a bounce this week Natty gas a little bit of a bounce this week Soybeans a little bit of a drop wheat a little back and forth corn a little choppy back and forth the euro and the pound strong us dollar week and Bitcoin settling in at 42,000 for 65 pretty choppy volatility looking at Vicks Even with stocks racing higher volatility Hovering above 12 didn't didn't contract too much So we'll see what what comes of that here in the in the coming weeks We are heading into the holidays here soon So could get some more volatility contraction going into Christmas, but we shall see All right, so that's the market. Let's take a look at our trades for the week Overall for the week a little over 26,000 and that's not really Very reflective of my real trading. I'll point something out here full disclosure I did have a $10,000 winner and that was a Discretionary range revenge trade. I blame I blame that 100% on dick. Hey, and that's all I'm gonna say about that one That was not part of my trade plan. It was a stupid trade Dick is a bad influence. All right, so for the rest of my real trades Let's go in and take check out my zero DTE AM trades this refresh So minus 2300 on my AM trades my Monday trade Which is my favorite one in my biggest position Ended up being a loser. It was so close to hitting my 50% profit target and then it just ran away So that is trading but a little bit frustrating on that one so close to being a winner as about a 1011 about a $11,000 swing From what it almost was to what it actually was a couple other winners and another little scratch loser So minus 2300 on my AM trades FOMC, so I took two FOMC trades One was a FOMC Long strangle in that book a little over 3700 my My iron condor that I trade during FOMC ended up being a $9,000 loser That was is really partly mismanaged on my part. I wasn't paying attention to my longs which lost their bid So when I was trying to get out it wasn't filling because I wasn't paying attention So it could have should have would have been about a $6,000 loss ended up turning into a $9,000 loss JSP's have been hitting a couple couple JSP winners one for 1600 one for 1200 So a total of 2800 on my JSP's Power hour get all these clicked All right, so for power hour on Monday just did a small trunch three booked a little winner Tuesday these are this is trunch two and three combined is about 1100 bucks Just the way the strikes kind of fell. I just merged them together No, no power hour on Wednesday with FOMC Thursday was really good Booked about 13,000 and then today all three tranches were losers small loser on trunch one full loser on trunch two small loser on trunch three still plus 8700 on the week for power hour and On my PM my afternoon trades Just did two of those one for 2600 one for minus 600 so about 2,000 in profits on those and Then my quiet lunch trades my midday Four trades one loser Almost 7,000 on my quiet lunch. So those continue to do well Reverse iron condors. Those have been good all week except for today And these are all discretionary. They're not really setting up based on the implied volatility current implied volatility levels But I've been taking some discretionary ones three of them were winners and then The one today has isn't showing up Because it'll settle overnight. I let it expire So it's showing thirty three hundred dollars in profits today's will be about a four thousand dollar loser So that net net those will actually be about minus seven hundred on the week for my ricks No time flies closed. Yeah, just a couple additions there, but no closed trades there calendars Had all good calendars except for one Had another loss on a tgif and every other one was a winner. Let me get all these checked Give it a little refresh So yeah, you can see over 2,100 in profits and that's including a three thousand dollar loss on a tgif So everything else continues to do really well except just cannot Get a win on a tgif to save our lives I mean, that's not true. We have had a little bit, but net net they've been pretty bad this year Um option. Oh iron duck had one iron duck winner 130 bucks Option selling. I don't think I closed any of these Yeah, these are just a couple of credits that were booked with adjustments But no closing trades on option selling And then portfolio margin overall down a About three thousand on the week if I remember correctly Yeah, minus 3,400 had a Ratio diagonal, there's a piece of that that's going to settle overnight here So that'll end up being about a $1,200 winner instead of 13 Small scratch win on a reverse vertigo small scratch win on a Humpty $2,500 loss on a call swoosh $1,600 loss on a time fly 720 loss on a reverse vertigo and a small scratch on Humpty So that is it Still profitable for the week. So not too shabby It's good to see a little bit of premiums come in from fomc Hopefully we can get some more next week. Not likely, but you never know So everybody have a good weekend. We'll talk to you next week