 What's up navigation traders welcome to this week's video update today is Friday June 29th Let's jump into the alerts for the week kind of a crazy week of trading some down days and then some last couple days including today big up days in the market, so Good volatility. We love it. Hope to see more of that two-sided action is what we love to see So hopefully see more and more of that Starting with the first trade was an opening adjusting trade in ES the S&P futures, so we added an iron condor on here So if we take a look at ES and here's here's what I was saying We had a couple big down days and then the last couple days are ripped back higher And so if we take a look here's the iron condor that we put on still fairly centered Just waiting for some more time to pass here and then the very next trade was a Closing iron condor a closing adjusting trade where we had on another one Booked a profit over 50% of max profit on that piece of the trade and then we're still holding this one here In ES we also have a long put vertical What you see here that we're keeping on to keep that short delta that short bias on our portfolio You can see it's in range got a little bit of profit on this piece But just waiting for some more downside to benefit that piece and that's that's a separate trade So we've got an iron condor and then a long put vertical both in ES Next trade was an opening adjusting trade in CL and wow what would have moved this weekend oil We added a strangle on to oil. We already had one we added another and Let's take a look at a chart of oil. It's it's had a huge move just boom boom boom boom boom this thing is on a tear to the upside and So what that looks like on our positions is we've got two strangles one is this adjusted one where we already rolled the puts up once and Then if we take a look at where the value that put is currently you can see you can see we still have some profit left in that So we're not ready to make it another adjustment there yet So we'll just continue to hold and these are in September. So we've got plenty of time 48 days to expiration And then the other alert that I just mentioned which is adding another strangle You can see prices already up in our upper end of our our Range here. So if it continues to move higher, we'll roll these puts up and just continue to manage as needed Obviously if price oil calms down comes back into range will be will be good to go and nothing to do there So continue to manage that next week implied volatility still seems to stay Continues to stay relatively high in oil. Let's take a look at the chart here Yeah, it's still 58 on the percentile 48 on the IV rank. So still excellent Excellent symbol to be in selling premium with that high implied volatility Next trade was a closing adjusting trade in DIA So price had come down and breached our downside break even on our Iron iron condor So we closed out the call vertical side closed out the untested side and then still holding the two sets of the short call verticals So if we take a look at DIA And go to our analyze tab here. So here's one of our Short call verticals, which is previously from an iron condor. You can see that's still in our range here Can use a little more downside to benefit that piece Then the other short call vertical I'm sorry. This is the this is the short put vertical from from the from the trade. I just mentioned so You can see after the last couple days up move prices come back into our range So if it continues to move higher, we'll take that off and book a profit on that iron condor And then the other piece was the one in August, which is a short call vertical So just looking for a little bit of downside there. So we've got three different pieces to this trade These are all originally part of our iron condor trade and DIA. So just continuing to manage that as needed Next trade was a opening trade we sold an iron condor in IYR, which is the real estate ETF IV percentile popped up to the 74 level at the time we put that on and So IYR you can see here still pretty centered in our range implied volatility It's gone up a little bit even since then it's down a little bit today But Options have become a little bit more expensive since we put that on so you see that we're down a little bit But still well within our range and we'll just continue to watch that and watch time pass in there Next trade was a closing adjusting trade in corn Zc so we closed out one of our iron condors in corn booked a man booked Almost 40% of max profit in just seven days. So those options Contracted nicely giving us a quick profit there on that piece and then we've still got Another iron condor here where you can see prices right here well within our range and Then I believe this was the next alert here, but I'll just go ahead and click on it We added another iron condor Now this was the one that we previously had on the one I just showed was the one we just added So this one's hanging out down here lower into the range But we were up about 1% in corn today so that helped get us back into our range here So we'll just wait and see what happens here if price continues move higher That'll benefit that if it moves lower will make the necessary adjustments as needed And then the next trade was a rolling adjusting trade in CL So this was the adjusted strangle that I already showed you Let's just go back to to recap that one more time. This is this one here Where we rolled from August to September? Let me reset this so I can click on the right ones So that's this one here So this is one we rolled from August to September kept the same strikes and now since then prices continue to move higher But we'll continue to manage that as needed So remember once we get under 21 days to expiration with the with the strangles or straddle There's some type of uncovered position. We'd like to roll out to the next expiration cycle Give ourselves more time collect some more credit. So that's what we did here Next trade was an opening adjusting trade in FXI. So this is the Chinese large cap ETF And IV percentile got up to 73. So we added another butterfly So we had one and we simply just added another one just like we teach in the course So this is the one we just added you can see prices moved up a bit since we added that And then the one that we had on previously in the July expiration You can see prices moved up today. So it's starting to come back back close to our range But we'll continue to watch these so we've just got one butterfly in July one in August And we'll just continue to manage those as we need as price moves around Next trade was a rolling adjusting trade in DIA. So that's the one I already I already went over We adjusted our strikes from two forty nine to fifty two to two forty five to fifty the one thing I wanted to point out here is We had we've been trading these with a three-point wide strike now in August There wasn't dollar-wide strikes. There's only five dollar wide strike So we had to move to five dollar wide and that's just Part of what you have to do if there's not dollar-wide strikes available You have to adjust to the necessary spreads. So if we take a look Let's go back to that and I want to I want to make sure you see that So that's this one here that we rolled out to August where it's the two forty five two fifty So we had to go five points wide there and what happens is we take a look at the trade tab in August What you'll see is that they're dollar-wide In fact, let's see did this. Oh, yeah, they did okay So what happens is once you get closer to that expiration date? They will start to add those dollar-wide strikes and when we put this on there's only the two forty five two fifty There wasn't these dollar-wide strikes in between. However now they have since added them. However, look at look at the open interest There's there's zero open interest to this point now Those will start to get some volume will start to get some open interest as we get closer to expiration But but for now we are using the five point wide strikes, which is which is just fine So just whiting those out a little bit not a big issue Next trade was a rolling adjusting trade in the cues So we rolled one of our short short call verticals from July to August and adjusted those strikes as price had moved down And then still holding our other two sets in July. So if we take a look at the cues Kind of similar to DIA. So we've got this one here in July I see prices still in our range here looking for a little bit of downside and these were originally a part of iron condors That we've adjusted and same here. So kind of same situation. This one's a little bit deeper into our range And I just look at the first a little bit more downside to benefit that Again holding these for some of that short bias that short delta that it gives our overall portfolio And then this is the one in August that we had rolled And you can see he prices moved up a little bit since we've done that and so still in our range But just looking for some more downside to benefit that piece If we if we do get some downside in next week, I'll probably just close out one of these You know I don't instead of holding all three Maybe book a profit takes a profit on one and then may may look to re-enter a Full-centered iron condor. I don't like to have more than three pieces three trades on anyone's symbol So we've got three here So if I if we do get some downside and we're able to cut one loose Book a profit on it, then we'll look to reposition a more Delta neutral type strategy around Around the current price. So we'll see what happens Next trade was a rolling adjusting trade in XLK. So we had a long put vertical on here Got some downside movement and so we locked in the The profit on that piece and roll it out to August. So if you look at XLK You can see this is where what we have now and just looking for some more downside again Originally put this on for some short Delta short bias in our portfolio and as we've continued to need that We've just continued to roll that a couple times. So just looking for some downside in XLK Next trade was an opening adjusting trade in corn. I already mentioned that one That was the iron condor that we added in corn and then lastly Today Friday, we closed out our trade in Ford slash 6e the euro Had to make a few adjustments there, but paid off nicely for book the nice winner there and Ivy percentile still fairly high So we may look to re-enter a new position in the euro next week Let's take a look at a chart of the euro Nice up move today gave us the benefit gave us the opportunity to close out of this one and the Ivy percentile It's still about 50 right at 54. So going into next week. We may look to enter a new position there But those are all the trades for the week. I also will be posting the month end So this is the last trading day in June. So if we take a look at our closed trades, in fact Let's just go to the performance page on the site We're up to year-to-date. We've closed now 74 trades average profit up to 216 and our winning percentage now over 89% Which is awesome. So here's here's the June posted and then obviously we have all the other months Posted there as well. So I'll be sending out a video recap for the trades in June. So look for that soon Okay, so going back to the platform some of the other trades that we have on I mentioned oil. I mentioned ES Natty gas. So this is one that It's actually trying to get filled on today Didn't get filled. So I'm gonna go ahead and leave it over the weekend Hopefully get a little bit more profit out of this one now If we look at UNG, which is the ETF The implied volatility is just collapsed in here. It's been and it's been low I'm just gonna bounce around but now it's down to next to nothing So if we get out of this, we'll probably just close the trade out Unless we get a spike in implied volatility next week But that's just too low to be adding anymore So after all said and done, we'll probably take a lot a little loss on the natty gas position But booking a booking a nice profit on on this piece Assuming price stays pretty stable and we get some more contraction Going into early next week. So look for that to potentially just close out, but we'll see where everything is I mentioned corn wheat big move up in wheat today, which helps us This is a another one that price stays pretty steady. We'll we'll close out of this piece of the trade We've also got a short put vertical that we that was from our other iron condor And this has come in nicely. I mean price is way down here Looking like we're gonna take a loss on that piece and it's ripped all the way back almost into range So that's just part of the game and and I get questions about this a lot when we have a Position that goes against us. Hey, you know, should we close the sound? What do we you know, what are we doing? And you know, you've got to let the probabilities play out. So Look what look at wheat did today. I mean just ripped higher up over Almost five percent just today getting us almost back into range. So Things can change very quickly. So stay with the probabilities and let them play out Apple is another one that we have on And this is one that we originally put on for some short delta in our portfolio And we've rolled a couple times just looking for some more downside and apple to benefit that piece Eem, we've got a short strangle on here still very centered got a little bit of profit Not enough to book yet EWW we've got a strangle here as well Implied volatility has expanded and prices moved up a little bit So we're still well within our range but looking for some more time to pass there We take a look at the chart the implied volatility has just stayed Continue to stay high in this Mexican ETF. So we'll continue to trade that as we can The brazilian ETF kind of the same story some high implied volatility. This thing has just been on a downward slide You can see we've we had one strangle on and price has moved out of our range We rolled down our calls Now if we take a look at the calls here, you know, we still got some profit left to get in that piece So we're we're not making any adjustments yet. This is in july, which has 21 days to expiration So looked at rolling this today, but give and give it Over the weekend and then we'll we'll roll that one early next week This the other piece of EWZ is this strangle here, which we've which is very centered Got a got some profit there, but just waiting for some more time to pass to to book that one I mentioned FXI IWM. So we've got an iron condor in IWM, which has come in nicely Uh, it was almost to our break even almost ready to make an adjustment, but it came came back into range here So got some profit waiting for a little bit more before we book that And then we've also got a short call vertical, which was previously from an iron condor So same thing just looking for a little bit more downside before we take that off IYR the real estate ETF. I mentioned that mentioned cues and mentioned xlk So that's all the trades for the week. That's all of our positions. Everybody have a great weekend Short week next week. We've got fourth of july with fall smack dab in the middle of the week on wednesday So no trading on that day, but we will be Trading and sending alerts the rest of the week. So everybody have a great week Talk to you next next time