 Hey everyone, welcome to this week's video update today's Friday November 27th. Hope everybody had a great Thanksgiving Nice long weekend. So short and trading week But taking a look at the S&P to start with you can see SPX is hanging out just under all-time highs here And I expect that whether we get a pullback first or we just smash through it. We are going to be smashing through the all-time highs so We will see how long that takes but looks like pretty much a foregone conclusion We've just been on this rampage ever since the election ended and the news about the vaccines coming out It's just been going straight up chopping around the last couple weeks here, but obviously coming into a holiday week There's not typically going to be too much action And so I think it's just up up in a way now We're still a little under one-to-one on our short delta versus our theta ratio So we're still going to keep some short delta on in case we in case we do see a significant rollover To protect ourselves from the downside, but we'll continue to add new positions on Some directional some some bullish for the anticipation of some higher prices here So let's jump into the alerts and then I'll talk about our day trading results here in a minute as well So starting with the alerts First trade was on Monday and spx added an iron duck in spx did this one with just two days to expiration very short term You know had a little bit of a bullish bias, but still gave us a nice downside buffer Collected a credit of 605 on that. So nice nice credit with just two days to expiration I'll get to the closing trade here in a minute. Also had a Tesla iron duck that we closed out to book Basically beak profit on the trade after price ran higher if we go to a chart of Tesla I was looking for a an opportunity to put another one on and just never got what I was looking for I was hoping for just a little bit of a pullback But man this Tesla has just been on a on a rampage to the upside after The news of being included in the S&P 500 which by the way takes place I believe it's December 21st sometime in December. I think 21st is the day But look at the look at the increase in price and the expansion in implied volatility So that that bodes well for for putting on ducks because I think the risk in Tesla is definitely to the upside so we want to not have any risk to the upside Which is perfect for the iron duck and yet we still have a huge buffer to the downside So I'd love to see a little pullback In Tesla and put on some more ducks, but we'll see what happens. We may throw one on anyway And so anyway, we had one on and with this run up and just ran up the beak So we closed that out for beak profit Next trade rolling adjusting trade in SMH. So we've got this short strangle on an SMH that we've been working Obviously SMH has been strong continues to hit new all-time highs So it's hanging out in the upper end of our range here So we could use a little bit of a pullback to center to help out with that one That one's now in January. So I've got lots of time on that now Next trade it was a closing trade in SPX. So this is one of our iron ducks. So we had We had we had two of them on in the same expiration with that November 25 expiration and this one we went ahead and closed out right at five bucks We booked exactly beak profit did get a question I think it was by email or may have been in the community about why not let this expire And you could certainly do that especially with SPX And especially if you have toss as your broker because they don't charge an assignment or exercise fee in this case We just wanted to clear it out because the very next day And then we close that one out because the very next day we added a new one and that was just to just to clear it out So either way is fine close it out And then this one we did another closing one which we booked beak profit on as well And we only had this this was one we just had on for one day And so we went ahead and just close that out and and booked the book the profits on that one Rolling just in trade in DE So we've been holding DE is one of our short delta positions price is pretty close right where we put it on Right inside range here. So just holding this for some more downside action Next trade opening trade in SPX. So we added this Another iron duck with 14 days. So let's go ahead and go to the platform. We've got a couple ducks on here This is the one that expires on 1210. You can see prices hanging out right here Still a decent chance for it to get back into the duckhead if we get a little pullback in price And then here's our shorter term one and this one expires on 12 five And you can see prices far up. We're at basically max on the beak profit at this point But like what I like to do here Is I like to set my slice To see right at the duckhead. So if it it got right out of the beak, what's our probability of profit? We've got to set our calendar to the expiration date, which in this case is 12 five So you can see there's about a Little less than 20 chance that price can get back there So if price stays right here or goes higher on monday Then we'll probably just close this out book beak profit because there's very little chance of it getting back to that max profit zone But for now, we'll we'll go ahead and leave that one on Next trade and the final trade was amazon. So we opened up an iron duck in amazon amazon hasn't been super strong recently and so Uh, it hasn't it's not extended to the upside like a lot of these symbols. And so Uh, it was a tiny bit today, but implied volatility is decent. We got a decent credit And just to kind of diversify out of just spx. Uh, we chose amazon It's always these ducks work really well on these high price symbols So we put one on in amazon Also assuming, you know, as these retail numbers come out from black friday Assuming amazon will benefit from that so we could see some upside And if we don't we've still got this huge buffer to the downside. In fact, that buffer is way down at 30 24 So way down here About right here is our is our downside buffer and this is a 14 day duck Uh, yeah expires 1212 And so we will uh, hold this one if obviously if price runs higher We'll exit early for a big profit If not, we'll hold it near close to expiration and hopefully we can get a little bit downside action So those are all the alerts. Let's take a look at some of the other positions We've got a short delta position in es price is just outside the range on that one Natty gas has done a little over 3% today, but still well within range We're up about 460 bucks on that since our last roll ZB had a nice update today if we look at a chart of the bonds You can see it's been kind of just trending down, you know, lower lows lower highs is kind of trending down Looking like it may be looking to make a Kind of get out of that range and make it bounce So i'm going to leave this on over the weekend But we'll probably close this out on monday If we get just a little bit of a pop higher get right back to center and we'll book over $3,000 since our last roll And we will be profitable on this trade So we'll probably get out of bonds on monday and that'll also coincide with getting closer to that 21 days to expiration next week So hopefully we'll be able to just close that one out Apple another one of our short delta positions You can see we're up about 136 on this one since our last roll just holding this for that short delta that downside protection Mention amazon de dia This one's just outside of range too. Just need a little bit of downside to get back in Same with iwm. This one's a little bit further out of range. We're just holding this for that short delta position same with the cues I mentioned smh spx spy. We've got our iron condor We're up about 170 some dollars since our last since we put this one on I'd like to add another one here, but the implied volatility is just pretty low ivy percentile at 26 Now you're still able to get some decent premium implied volatility was just so high for so long With the corona virus and everything else going on that even though Remember the percentile ranks With the ivy was versus where it's been over the last year So compared to where it was earlier this year, it's it's still it's pretty low But we may still sell some premium here because the options are juicy and you can still get a decent credit So we may add on another iron condor in spy. This one's in december So we may add one in january, especially if our break even if price gets closer to the break even here And then lastly xlk This is right at the break even so just holding this for some short delta exposure as well Again, you know, I'd like to add some more positions just looking for some opportunities And we'll continue to get a little bit more aggressive adding positions into next week. So look for that And then last thing I want to mention is just our day trading for the week. Obviously a shortened week here We only streamed on monday and tuesday I was able to sneak some trades some mighty 90 trades in on wednesday book 775 on wednesday And then this morning I posted in our facebook group just took seven trades all seven were winners Volume was light range was narrow So I'd stayed super small and i'm talking just a few hundred dollars in buying power per position But booked winners on all of those for uh plus two 99 So mighty 90s for the week Uh almost two thousand dollars Night did 19 trades winning percentage back above 70 for the third week in a row Only did one pairs trade booked 272 that was on monday in the room And then runners, uh, again, I didn't take any wednesday thursday or friday Just did eight of those on uh monday and tuesday for a total of five 20 So if you look at our our summary here total for the week on a shortened week two thousand seven hundred seventy eight dollars on 28 trades And our total profits, uh since the beginning of september Or august 31st was the first day we started tracking here Over 30 000 so pretty pretty phenomenal And the biggest thing that i'm loving is our mighty 90 for the third week in a row over a 70 win rate And that's really where we need to be so Just did a little tweak a few weeks ago after after some, uh, analysis of our of our mighty 90 and Just made a little tweak through the way we were managing it Back to where it originally was uh intended to be managed and it's paying off well now Not much of a profit a few weeks ago due to a big loser in there But still over 70 win rate and then last week 80 which are really nice with a really nice profit And then over 73 this week with a really nice profit. So Really happy to be back on you know just really solid footing really solid Win rate and profits on the mighty 90. So now we're Up to over 4200 total since the end of august versus september. So Coming up on three months. So a lot of solid Solid performance coming in across the board and we'll continue to build on this So we'll be we'll be rolling out the official class for the runners on in january And of course, I've mentioned a couple times make sure you mark your calendar if you haven't already Uh for our next class that we're going to be presenting not a day trading class But it's called the vertigo strategy and it's going to be part of our income portfolio Arsenal so really excited to share that with you And with that everybody have a fantastic rest of your weekend and we will catch you on monday. We'll be streaming live Next week. So make sure you keep your eyes on in the live stream room. We post our calendar there And make sure you see there are certain days where we don't stream And so just make sure you keep your eyes on that calendar. All right, everybody. Have a good weekend. We will catch you monday