 Okay, so welcome extrators, and we are going to do three very quick calendar plays The first one is actually because it simply showed up on my screen when I loaded the simulated training simulated training sorry with an incredibly Large IV although I just noticed that that's because it's November 4th weekly, but that's okay 74 to 67 now that's not that much 74 to 67 is not that much at all That's only a 7% okay, so now we'll stick to the ones that we were that I was originally planning on doing so the first one was I can type in here target and The whole idea behind this is that you pick To sell and We're gonna take this down to 10 because we don't need that many and singles not iron condor We pick the The days to expiry with the highest IV because we have earnings coming up in nine days, and then we get rid of this We pick the one That has the lowest IV that it could possibly drop down to that we're So like this one for example the 4390 so from 61 to 61 to 43 44 that's 7 that's a 17% drop. Okay, so let's Do that one and what we do is go over here to the chart For a target and we notice that it is trading Within a specific range, and we're gonna do it with a channel so that it's quicker And the channel that I was looking at goes somewhere back there We're gonna say that it goes from here Pretty much Something like this See so that is the channel that we would expect it to trade in and Because it has earnings coming up, and I do feel a little bit bullish on this our target is gonna be somewhere up here Maybe around the 170s, so let's go back here and pick the 170 call that we're gonna sell The near dated and then control key to buy the same 170 call bar dated and that gives us a 410 debit and In order to analyze this we quickly come over here and Uncheck that oops Uncheck that stock and there it is So this is what it looks like right now And if we fiddle with the dates the expiry of that first one is November 18th, so we're gonna Take a gander here see what it looks like on November 18th. It's something like that and the probability Of it being in here is around 49 percent. That's a 50 percent probability the other 50 percent is back here and throughout most of that There is still about half if it's linear that we will still be at least low profit or Or a break even so we're gonna go ahead and send this trade of course, this is simulated So that's fine. I'm gonna send it the other one was similar, which is Walmart also has also has Earnings and in this one It's not so much up although I could See how it could chop around but it's I it actually looks more like a Uptrending channel so it looks kind of more like that so we would expect it to drop down here, but stay above Probably this support right here if I could draw that real quick Price level is gonna be somewhere around this area here. That seems to be a Support Somewhere right there Okay, so we wouldn't expect it to go past one maybe 130 And we would aim for this to be somewhere around 140 probably so let's go ahead and Go to our trade now. This is Walmart. Let's collapse these closes order entry and Let's look at Walmart. Which one is the one with the highest IV this one was a little bit worse than the other one it's 34 so here and then the biggest drop is Probably 27 because the further out you go the more expensive that bought call is so in this case we said one Hmm, we said 140 or 145 believe 140 is up here 145 definitely not so it's either 140 or one Even 135 Let's go back here So the 140 is in the money, so we don't want to be selling anything in the money So unfortunately, we're gonna have to go out to the 145 So that's the key there you don't want to be selling stuff that's in the money because that and then it's Likely to get assigned if we sell the 140 there's a 54% chance it gets assigned which is what the Delta Puzzles And if there's a 54 then there's a 48 it won't be assigned and if we see do we do the 145 then that's a 33 It's still kind of close Let's go ahead and just since this is a simulated trade We're gonna go ahead and sell the 145 and we're gonna buy the 145 as well and that will be like so So that's a 269 debit and again we go and analyze this trade and that is what it's gonna look like pretty much on the 18th with Hmm This is interesting a hundred percent probability that it's gonna be over here. So that's kind of By it So we should probably move this one 40 down a little bit lower. So let me go ahead and Remove this Go back to the trade and see if we can do a lower one. Oh, no, we can't because of that out of the money Okay, so then it's gonna have to be this one and then we can we can compare both of those Because it seems like Most of it it would just be somewhere around here. So let's go ahead and confirm this one Confirm and send simulated trade. Yes. Okay, and Basically, that is what we're going to look at we wanted to Let me see the S&P S&P 100 is in here And we wanted to customize this to Days to expiry I believe days to earnings days to earnings That's not Okay Something going on here. Did I is this so this is not This is the watch list. Yes, and this is Now customize that's odd Days to earnings, it's not there. Yes Days to earnings. No, that's not there either. Okay, so I'm not sure what's going on why it's not giving me that list But anyway, you can see that from the chart earnings is here Which is 1115 and we're 11 three. So that's roughly nine days for Walmart to reach But we're gonna we need to close this before so we have basically if it's nine days to expiry then we have Minus the weekend. That's two. That's seven. So that's roughly seven days So what is it gonna be doing in seven days? Well, we would expect it to be not too far from the 145 Although it does look like it's on its way down so let me just go ahead and add that So some text here, we're gonna say Seven days to expiry or to seven days. That's actually the same thing days to earnings Expect to hold about three to four days Chart looks like it's on its way down So bullish call Calendar may not be the best play Okay, so since we did that then let's go ahead and put on a put trade So the put would be that we expect it to go down to 135. So instead of being on this side We're gonna go over to this side. Let's go back and look at our chart We would expect this to come down somewhere around 135. Yep, that looks pretty nice so we would Sell the one up Can we get 12 in here? Yeah We would sell the 135 and we would buy Heesh, what is this? What is this going on here? Okay, so we sell the one that tonight Yes, it's selected the 135 and by the 135 so There we go Okay, so there is our Put calendar and if we analyze this This should be Yep Walmart put put. Okay, so now that 100% is actually in our It's sorry the maximum profit is in our 100% probability Slice which is definitely what we want. So we want to go ahead and send this Send and we said the other one was target It was the first one we looked at The deal with target is that it is also it didn't give us such a bad like it gave us a 5050 and Probability and then look at this it's right in the middle of this channel But it is more likely headed down than it is headed up. So we might as well Enter The target November and I believe that was the same. Was that the same date that I had that call? Yeah, I'm pretty sure. Yep. There it is Okay, so I'm going to sell the Goodness, I forgot. This is probably headed down to 145 Maybe even 140. Let's get on the same side and do one What did I say 145 maybe 140. Let's do 145 Okay, so the 140 No way 145 is way in the night. Oh, sorry, this is out the money. These are puts. Okay So what happens when you're doing things too quickly 14, okay, now let's do 16 Goodness Okay 18 there we go. Okay, so we sell the November front dated and we buy the 145 There we go, and that's a 341 debit. Let's analyze it. Make sure it makes sense Yes, so it is leaning more towards the um, the bearish side and look at that now Uh 50 chance is all green and again some is in the 50% is in at least up to break even so we're going to go ahead and send Both of these All right, so there are our orders check. Will you show up in the monitor? Order history for working and these are going to um, we're going to have to manage these when this thing opens on monday because This will have Fluctuated i'm going to actually take a screenshot of this so i could because i might be at the office and i won't have access to my Thicker swim so there we go. We'll check these on monday and see how we did Getting into our calendars and ride those at least wednesday max thursday. All right. See you then this is Now these are all the The ones that i haven't created groups for because i did this yesterday Um, and basically we have this is by instrument. This is grouped by instrument So it's target and walmart. So if you open up the target one you can see Uh, and this is the 145 put calendar And these guys shouldn't be grouped together Uh, and then uh, see here again Rename group, okay So basically what i'll do is i'll put this Uh, go move to group. There we go bearish diagonals. What do you know? Okay, so there's the That the 145. Yeah the 145. Okay, so and then we'll move this one group bearish diagonals All right, so there's the there's the target. Uh put Um calendar. Oh that one's named diagonals. Okay, that's weird. So this is a calendar and We can look at this Uh analyze rolling trade. No analyze closing trade. No, that's not what we want. Okay, so this is um One that i took on yesterday actually today at the beginning of the day and uh So following up on what this is looking up like it's uh, it's obviously bearish So it's down. I mean, so it's up 25 50 obviously If we go to target Okay, you can see that it had a down day today. Again, this is the daily. Yep had a down day today. Um And uh, and and that's why it's up. So that's up 25 50 Okay, let's leave that like so Let's go ahead and grab the other Target, this is going to be a bearish one because it was 170. So we're going to move to a group Okay, we need to add the group Okay, so that's not going to work Okay, uh, but this one is up Actually 750 Okay, so that's what that one is. It's up 750 even though it is uh A bullish calendar because the target price is 170 whereas the uh put one is 145 okay, so not so bad on the target one. Both of them are up Uh, and then the walmart one actually, let me do it the other way to the chart first What we were expecting here on target Is that it's basically just going to bounce around and both of these is that they're just going to bounce around this level Excuse me. So this was actually good. It did open up higher, but it did close Lower so the walmart one We have this channel uptrending channel And Even though it might kind of hover around We were expecting to hold this for a few days and we were expecting it to actually drop So the walmart one was the one that we actually expected to be more bearish out of the two the target More neutral and again, this one opened higher But closed lower So if we go back here and we look at the walmart ones Again, we'll move the put over to the bearish diagonal And this one as well to the bearish diagonal There we go So now our walmart put calendar is actually only 50 cents down and our walmart Um Call diagonal is seven dollars down. Okay, so we're actually doing pretty good. We're up 25 and we're down Uh 50 cents. So we're basically up 24 50. Sorry 25 50 So we're doing pretty good on those calendars. I took two I took both sides For a reason. I basically wanted to use it as an example for myself as a teaching example for myself Uh, what happens? When you or or how to manage a trade like this, okay, so I would basically expect This uh next week in general is expected to be a bearish week So we probably wouldn't expect Um, this to go back up towards the top of that trend line And it is very likely that it might continue back down. So this might end up being um As bearish as we expected it to And that means that's that's for that's for walmart. That means that this 50 cent Put vertical that we have up here For a walmart might go a little bit further in the money and this one was was which was negative seven It's probably gonna end up, uh more negative because that was a bullish call calendar Um, but we have about nine days to go on that or eight days to go now So, uh, they will offset themselves and what I basically want to do is I want to get an idea for Um, you know just how much Because this basically moved what 25 cents. That's what walmart moved today Okay during the day and target Moved 17 cents. All right, so Both of these barely moved And just you know just like that we made 25 dollars, you know just with the um With the movement On both of these walmart walmart and target today So, uh, this will be an interesting experience into Into next week and I believe Okay, yeah, it's taking both of them. So it's Considering it a double calendar, which it is not Sorry, there's the put one That's sorry the call one the call one looks like that. So we're expecting it to go up And right now we're barely above. So we're right there Um, that's for the call on target For the the put on target Uh, we are here at 25 bucks, which is exactly where we're at and expecting, you know, uh, some more downside Okay, so that's for the target. I don't believe the walmart is on here So let me go over here and probably select the walmart And then go back to here. No, this is not going to show me my For some reason not going to show me my positions for walmart Sorry that one This one, let's see if I select them Will they show up? Nope. That's because the ticker is there Oh, there we go. So there are Let's get rid of the the puts. Let's just look at the calls So there's our call calendar on walmart where we're obviously losing seven dollars and there it is and um, because it moved down and now let's look at our put calendar on walmart, which is pretty good and there it is Uh moving towards our target of 135 ish Which is actually below the 145. All right. So that is um what the The calendar spreads look like and with that I will close out this week uh, and uh Let's just Just remembered that we were over here looking at Um, we wanted to to think about these because we had tomorrow next week is actually going to be a bearish week So why did I just write out call plays? If we expect next week to be bearish Well, if you look at the tickers that we're talking about they are not tech And what's mostly bearish the money that's leaving the market right now is because it's risky growth stocks The ones that if you notice what I focused on this week for the month of november Bank of america financials xlf financials oxy oil Pfizer, you know Is uh is pharma. It's probably It's not I mean it's high tech, but it's you know, it's health care Uh, and then at&t which is communications, which it's not as high tech as you know, some other names That you might consider I mean at&t is the most solid player in the market the biggest one by far. So it's not considered such growth such um Such a high risk stock. So that's why I'm uh playing the calls. Okay, and uh, that is what I would expect to uh to do next week is to have bullish sentiment on all of these and the ones Like wal-mart and target are the ones that I took both the the the bullish and the bearish calendars Just to get a feel for those calendars. Okay, so I hope uh this week Use something about anything And hopefully next week will be much better