 What's up everybody happy Friday today's July 7th. Welcome to this week's video update Quick housekeeping item. Just wanted to make sure that everyone was aware of our new course called winning options strategies for any market You can check this out on our website and as always would really appreciate any feedback Once you take the course so looking forward to that. It's all about directional strategies Not so much the market neutral income strategies, but but getting a little bit more directional So it's great course. Hope you like it and let me know what you think Let's let's jump into this week's alerts starting on Monday the 3rd We had a closing trade in corn and So we basically closed out the remaining put side of what was originally an iron condor made a nice profit on the trade Overall still holding at the full iron condor in corn in the September cycle so if we take a look at corn and Price has moved up to our it's right at our break even there So I actually was trying to get filled on an adjustment to take off that put side Because there's not too much extrinsic value left in those options Let me show you what I mean by that. So if we take off Unclick the call so we just have on the put side You can see that there's there's just not much premium left in those options So I was actually trying to get filled on that never did today And so we'll look to potentially adjust that trade early on Early next week by removing the put side and then adding another full iron condor With price centered around it. So look for that early next week The next trade alert also on Monday was a closing trade. We closed the call side of Of the iron condor in wheat On this one it I mean we had a huge move in wheat it blew blew through the Blew through our upside to see this massive move in wheat. So that that was so far out of the money Excuse me so far in the money that we ended up just closing out the closing out the entire Iron condor as opposed to as opposed to waiting. So There's 53 days left still a ton of premium. So it made sense just to close it out and And because we also if I didn't already have this on I would have put another one on but we also have that That full iron condor that's still very centered You can see what that expansion and price did to volatility as well You see this is very centered, but we're down a little bit of money And that's due to the options getting more expensive that implied volatility going up So good opportunity to if you don't have a position on in wheat the options are still fairly high priced So we'll continue to monitor that Next trade was 4th of July obviously no trades on the 4th next trade was on the 5th And this was a closing trade that we did in Microsoft booked about a 40% of max profit in there With only 16 days to expiration. We wanted to get out of that trade you know as opposed to rolling or You know or anything else because of that Earnings announcement coming up on 720. We were just looking to get out of that trade So we didn't wait for the full 50% of max profit because of the earnings coming up and potential Implied volatility increasing going into that earnings announcement But still booked a nice profit of over a 40% of max on that one Also on the 5th another closing trade in Costco. We had a butterfly on in there Booked over 20% of debit paid same thing just 16 days left expiration So we were looking for an exit point on that So we usually look to get kind of 20 to 30% of the debit paid on a butterfly So we got 20 very nice So that was a good trade on The 6th we did an opening trade where we sold a strangle in XRT IV percentile jumped up to 64 So just selling some premium in there to take advantage of the high IV if we take a look at XRT You can see we're still very centered a little bit of profit not enough to take off yet So we will continue to monitor Next trade was in target and we had us we had previously sold a straddle And so we closed out of that for about 20% of max profit in less than 10 days So we've got a nice just range-bound market and a little bit of a contraction and volatility So we booked that profit in target And then today we did a closing trade in oil books 40% of max profit on that one We're only in the trade for for 17 days. So if it's kind of under that 20 day mark We're gonna we're not gonna wait for the full 50% of max profit. We're gonna go ahead and book those profits and run If implied volatility continues higher early next week, we'll look to add some additional trades in oil Keep in mind. We did add this additional Position in XOP, which is very correlated to oil So, you know, don't don't overextend yourself in one market. These are very highly correlated But if light volatility was still very high in XOP IV percentile currently at 79 when we put this on So we sold a straddle being that it's such a low-priced product. It's about a $30 symbol You know trying to stretch that out into a strangle or an iron condor You just don't get quite the bang for the buck and with implied volatility as high as it is Straddle is a is a good trade for that type of situation. So if we look at XOP You can still you can see we just did this today. It's still very centered and We'll continue to watch that As far as our other current positions we have we've got this a debit spread that we put on in ES and And so One other thing on in there, but so what we've got here is this put spread Put vertical so you can see we've got a nice profit in it The whole reason we put this on was to was to have some short Delta in our portfolio And and so I want to keep this on if we make it a nice Another move down in the stock market early next week We'll take this off, but still wanted to keep that short Delta on for now And if we take that off we'll want to add something else as short Delta next week as well So we always have more Short Delta then we do theta in the portfolio. I've done videos on that before so if you're not familiar with that concept Make sure you check out those videos Let's see corn. I think I mentioned corn. We've got this iron condor here We'll look to adjust that early next week potentially Soybeans we've got an iron condor in here as well price just kind of hanging out still within our range So just need a little bit of a down move in soybeans to benefit that position Wheat I already mentioned that DIA the diamonds we've got this adjusted iron condor price is still kind of hanging out up here Above our break even so we need a move down in DIA to get out of that position We've already we already took off the put side. It was originally an iron condor So we're just looking for that down move to to benefit that In the cues still have this Strangle on that we put on last week The implied volatility continues to stay high in the cues makes a great opportunities to sell premium We'll look to actually add more premium if we get it You know if price continues to move out of center from our from our position here We'll look to add a new centered position as well Or if it moves back up and we can just bank that profit We will do that as well In RUT in the Russell 2000 index. We've got this butter excuse me calendar spread And we're up a good amount of money Total risk on this trade as you can see is about 974 So I like of the debit we paid for it So I like to get about 20 percent 20 to 25 percent of the debit paid on these calendar spreads So about 180 190 bucks So if we got a little bit of a move down a little bit more of an expansion in IV we can book this profit So potentially look to do that early next week Then in SPY we've got this iron condor still very centered Not enough profit to take off yet at this point, but we'll continue to watch that XOP I mentioned and XRT. I mentioned we've got the centered strangle here in XRT. So Those are our trades. That is our portfolio The other thing I wanted to show you guys on the in your in your personal members home page is the closed trades So if you haven't checked this out yet It's a bit of an addition That we've that we've put in so I hope you like it For example, we finally closed out of this oil position And so the way that I'm going to show these and I think the best way to keep track if you're keeping track of your trades at Home as far as the Adjustments and everything else is once we're once we're completely out of this trade That's when I'm going to post this on the closed position so you can see with with oil We were in this for quite a while Doing multiple adjustments and in opening new positions close them out And so once we finally closed out of that today, I posted this in the closed position So we made about 600 bucks total profit on that trade The target straddle I mentioned made about 102 dollars in that Costco butterfly about 128 there Microsoft strangle 180 bucks there So I'm always gonna have the closed positions that we closed in the current month right here And then once once we move to the next month I'll I'll create a button where you can view closed positions from past month So you can click on that to view the June positions But off to off to a good start here in July and just the first seven days built some nice profits And so hopefully that continues on so hope you guys like these new features any feedback or suggestions shoot me an email. We thought we've also got this A Form here at the bottom of the members home page So if you have any testimonials about your alerts about the courses any feedback is awesome We love to hear it. So we would love any any comments there Everybody have a great weekend. Hope you have a great week of trading coming up next week Hopefully some of this implied volatility stays in the market always makes it more interesting for traders like us So have a great weekend. Talk to you later