 Hey everyone, welcome to this week's video update today is Friday July 14th. Hope everybody had a great week of trading Quick note before we jump into the alerts from the week I wanted to let everybody know that our newest course winning options strategies for any market It's it's all about directional trading. It is now available. So if you purchase it, it'll be it'll pop up Right here in your personal members home page To to get to that simply go to premium upgrades Scroll down to winning options strategies for any market and that's where you can enroll in the course and For alert subscribers. I want to give you a quick coupon code that you can use to get a discount on the course so It is it's priced at $199 But when you click the get instant access which brings up the order form if you scroll down to the bottom and enter the promo code course 50 It's gonna drop that price down to $99 The other thing that I'm giving away with this course. That's not available anywhere else yet It's not even he's not even out yet is our newest book called the trade hackers Playbook and it it's it's awesome I can't show it to you yet because it's not quite through editing But it should be done next week And so if you order this course here for 99 bucks here on the website only you'll get a free copy of the trade hackers playbook and It's gonna it's gonna go on the site for for $99 itself So that's gonna be the price. So if you buy this course, I'm gonna throw that in for free So if you're interested check that out. Let's jump into the trade alerts for the week and Let's scroll down and start with the first trade of the week that we made which was in XLE So this was an opening trade. We were just selling some short puts getting some long Delta Ivy percentile was was at 63 Look, it was a bullish directional assumption on that trade And if we take a look at XLE Take a look at the chart here so we put this trade on right down here and it made a nice move up for us and Implied volatility contracted. So we we booked that trade for a nice profit in just a few days And So let's see. Let's go on to the next trade This was a closing adjusting trade in soybeans. So we closed the put side Price moved up and breached our break even so we closed out our untested side Which in this case was the put side in a in a later trade I'll show you that we Price came back and we ended up closing the other side and made a profit on that trade in total So that was a good trade overall and then simultaneously right after that We send out another alert opening up a new iron condor in soybeans, which if we go to the platform and take a look At that one and man these grains have been moving around haven't they so Creating opportunity for us. So here is the full iron condor that we have on prices right here hanging out near our Downside but well within our range just looking for a little bit of a move up in soybeans to benefit there next trade was in RUT so we closed out our Calendar spread in RUT For around 20% profit. So that was a good trade Next trade was an opening trade where we sold a strangle in oil So Ivy popped its head back up to that 50 level. So we sold a strangle. So if we take a look at oil Still very well within our range. I need a little bit of a move down to benefit and a little bit more contraction in IV To book a profit in that oil trade Next trade was in RUT. So that's the one where we opened a new rut calendar And so that's still pretty centered. No profit or loss there still waiting for some An increase in implied volatility to benefit a calendar position Then the next put next trade was a closing trade in XLE. That's the one I already mentioned So we put that on took it off two days later Book just under 50% of max profit in just two days. So that was an excellent trade Next trade was a closing trade in the QQ queues. So we had a strangle on in queues booked Little over 40% of max profit and I mentioned if the QQs IV popped up again We would we would potentially put on another trade if we took a look at the queues Take a look at the chart. You can see we've got a got a huge massive contraction in implied volatility So not putting another strangle on or another position on in the queues quite yet But if it does pop pop back up early next week, we'll definitely be looking to put another position on in the queues Next trade and final trade was that closing vertical of The soybean so we we bought back the call side of the of that iron condor to completely close out that August iron condor and as I showed we still have that September September iron condor in in play So if we take a look back at the platform at some of our other positions We've got this vertical spread on in ES had a nice profit in there Actually was trying to get filled when we were in the profit When price was was it was down around this level But but didn't get filled and prices moved back up So now we're now we're in a little bit of a losing position This trade only has on seven more days to expiration So we're going to look to potentially roll this early next week And remember the whole reason we put this on is to carry that short Delta in our portfolio Now when the market moves up and is strong like it has been Of course, we're gonna get hurt on that short Delta, but we still need it there for protection So hopefully we can get a little bit of a down move early next week and either book a profit in that trade Or we'll look to roll that to extend duration and continue to keep that short Delta in our portfolio And let's see whoops. Let's go back to you. We've got we've got a position on in corn So if we take a look here still got this iron condor still well within our range in our corn position Already showed soybeans. We've got a position on in wheat. So we've got a position on in all the grains Looking for a little bit more of a contraction in the wheat But all these grains are moving around We had this huge surge up and a little bit of a pullback. That's wheat same thing in soybeans same thing in corn So just continuing to put these positions on take them off just as needed and they've been really good trading vehicles for us recently DIA we had a iron condor in and we took off the untested side And it's continued to move higher We've kept this on just because again, we we want that short Delta in our portfolio relative to everything else So early next week, we'll look to roll or if we do get a down move We'll look to book this profit If it moves down into the kind of the 210 range right in there I mentioned RUT. We've got that counter SPY. We still got a an iron condor on in SPY Still well within our range. I'm gonna a little bit of a down move there XOP we've got this straddle and you can see prices hanging out right right on our upside of that So we need a little bit of down move an oil down move an XOP to benefit that position and XRT I Just trying to get filled on this today. We're at about a little over 30% of max profit in a very short period of time Not getting filled so I'm gonna hold this one over the weekend and Hopefully get a little bit more juice out of that but look to take that XRT position off early next week assuming there's not a not a major move in retail over the weekend if we go back to the Back to the members area. I want to show some of the closed trades So these are all the closed trades that we keep track of now in the queues We booked a profit of 210 bucks in those XLE short puts 168 in the rut calendar made a hundred ninety one dollars and Then going back to last week. It's the oil look at that profit of 600 So doing doing really well in the month of July. Haven't haven't closed a loser. Obviously if we If we got a close-out one for a loser That's all gonna be shown here all winners all losers are shown here so that you know exactly What we're doing in the portfolio and then we've also got this current portfolio, and this just shows our open positions So already gone over those on the platform So hope that was helpful. Everybody have a great weekend Hopefully we get a little bit of downside movement in the market next week. Give us a poppin implied volatility It's always more interesting when we can play in the high implied volatility Environment so have a good weekend talk to you later