 Hey everyone, welcome to this week's video update recording this on Saturday, October 21st Hope everybody had a good week. Let's run through the markets and then we'll jump into our trades for the week So the big story, at least for me, has been volatility You know, I talked about last week on Friday how the VIX Exploded up 20% yet the S&P was down around a half percent Just didn't smell right. So I started kind of de-risking Closing closing some positions or partial positions just to kind of de-risk With the anticipation that we were Going to have a bigger move And then comes Monday and volatility just gets crushed VIX was down over 10% And it seemed like okay. Well, maybe that was just some uncertainty some fear that was a little out of place and We were going to kind of continue back to normal and then We did end up, you know exploding and build volatility again this time accompanied by some actual movement in the S&P but what's interesting is that we kind of had a reversal in volatility versus movement on Friday where we had the S&P down over 1% but yet volatility had actually contracted a Little bit on on Friday. So kind of a kind of a little bit of a nutty Couple of nutty Fridays from a volatility and price movement perspective But I didn't you know as far as how it affected my trading or profitability Still was able to you know, do okay at least not get hurt But some interesting interesting movement versus volatility that is just not really that normal So anyway, we'll see what what's to come, you know, there's still a lot of uncertainty with everything going on in Israel and And all that stuff not to mention, you know, everything else looming out there with the Fed and interest rates We had a boatload of Fed speakers speaking all over the place this week causing, you know, some some additional volatility in the market. So The good news for us premium sellers is VIX is back up above 20. In fact, it is approaching 22 Levels that we haven't seen since March of this year Which was around the time of the whole Silicon Valley Bank Regional banking issues going on those a little bit short-lived volatility where the VIX spiked over 30 But we're closed we closed on Friday right at 21 point seven one in the VIX So S&P almost reached the the Lowe's that we saw a Few weeks ago back in early October NASDAQ pretty similar almost approaching those those recent Lowe's the Russell the weakest of the bunch blew through those on Friday and added to the downside Excuse me blew through those on the Lowe's on Thursday and added to that on Friday and Then the Dow kind of similar to the S&P and NASDAQ kind of approaching those those recent early October Lowe's Gold also exploding gold up around 10% in the matter of two weeks Which for a you know kind of a low volatility type? Symbol like gold that's a monster move So seeing a big move up in gold silver moving higher as well Notes and bonds caught a bid Friday, but continue to get crushed Which means the 10-year yield continuing to push pushed up to a high of four point nine nine before settling in to close at four point nine One three didn't quite get above that five percent level on the 10-year yields oil continues to push higher up above eighty eight dollars a barrel and Natty gas After having a big swing up had an equally big swing down here the last couple weeks All the grains were up a little bit the euro and the pound kind of grinded sideways and Bitcoin trying to trying to hold trying to get above that 30,000 level Pushed above it last week pushed above it again before retreating back down below. So we'll see what happens there All right, so that is the market. Let's take a look at what we did this week with our trades So here is let's start with zero DTE. So zero DTE. I ended up red, which Based on what I'll show you how how good the performance was in power hour Unfortunately still all together for zero DTE ended a little bit red. Let's break down the different zero DTE setups We'll start with the AM ratio Trades that I do So had three of those One winner for 2400 one will scratch for plus 90 and then a loser for 5360 so my AM trades Down about 2800 for the week on those three trades the DK s had a One big loser which ended up putting me in the red on those just a couple small winners one big loser Which based on the way that that trade is structured is what you're going to expect when you do have a loser It's going to be sizable and then you know, you're gonna be Over over time. It's a super high probability trade, but when you do have a loser, you're gonna be down So minus 5500 on those The zero day ducks. This is one that I am considering Doing away with for a while at least I'm gonna I got to do some more digging and testing and things like that, but it's certainly been brutal Over the last month or so. So minus 8000 on Ducks on those two trades Let's see no FOMC trades JSP's These have also been a little bit rough and these you know, the Here's the other part of my evaluation of the ducks is that It's the exact same criteria for when we take duck ducks and JSP's and when they both get smoked They can be a pretty sizable loss. You can see like on Friday. I took a pretty size decent size position here So almost ninety seven hundred or lower ninety seven hundred dollar loss just on that one on Friday so down on the JSP's for the week and then power hour thank goodness for power hour because It really helped overall So you can see with power hour, let me refresh this make sure it's up to date So yeah, a little over 29,000 in profits on power hour on Monday all three tranches were winners on Tuesday all three tranches were winners on Wednesday all three tranches were losers Thursday all were winners and then Friday tranche one was a small loss, but two and three were nice winners. So power hour continues to dominate and You know, I'm gonna be doing so I like to as you all know, I like to set my Trading strategies one month at a time. So here in the next week I'll be doing a bunch of evaluation and decide how I'm gonna be trading these different strategies for the month of November Power hours not gonna change much but But some of the others I'm gonna I'm most likely gonna make some tweaks to those PM ratio iron condors and Then I'll just I'll put quiet lunches in there as kind of one category So just three of those trades those were down a few thousand total had a PM ratio on Tuesday That was a loser a quiet lunch on Wednesday. That was a Winner and then one on Wednesday a PM ratio that was a loser so down on those And then I don't think I did any ricks this week if I remember right Yeah, no ricks. So that's it for zero DTE. So Some losses in there except for power our power hour did very very well All right, so dynamic butterflies the only thing I did on those was time flies had some nice winners on time flies One two three four five six six six closed trades all six were winners Thousand bucks seven eighty this one was a little scratch thousand seventeen hundred thirteen hundred This one's still open. So some nice winners almost six thousand on time flies for the week and Then dynamic calendars We get all these checked Had some positive P&L and calendars for the week Let that update refresh it make sure I got that all good Yeah, so plus almost thirty seven hundred and profits on calendars had a five seven That was a winner had a three six that was a small hundred and forty dollar loser Small winner for a B&B a fourteen hundred dollar winner for a TGIF $1,200 winner on a one two and another One two winner for 540 Next up would be iron ducks Had just the one loser. Yeah took a loss on a On an SPX duck minus six seventy five on that one that one still open option selling So we've got a VIX hedge on I closed part of that so booked a little bit of a profit on that one These short strangles these were just rolls So those those profits are our credits that were booked on the rolls, but those are still open as well So no closed trades on the options selling for the week and Then lastly portfolio margin So this is this was these positions were the trickiest of all with this volatility that I talked about in the beginning a Lot of these are negative Vega trades and so when volatility exploded, but yet price didn't move last week Those were some that I had to shed overall Little bit red for the week minus 3700 We've got a golden butterfly that I closed half of so I've booked over 4,600 If that one if price doesn't move too much I've got a chance to book a really nice profit on the rest of that on Monday So that's what I'm hoping for and then Had to close a golden goose for minus 4k a Humpty for minus 6,200 small $300 winner on that one minus 5600 on that one Plus 600 on that one a plus 3000 on that one and then a plus 1,800 on a PM time fly So those are all my trades. Those are all my positions Hope everybody has a good rest of your weekend. Talk to you next week