 Happy Friday, June 11th. Hope everybody had a good week of trading here with your pro members weekly video update for the week ending Friday, June 11th. So take a look at the markets first. Looking at SPX, just in a kind of a slow grind mode. I mean, even going back to the middle of April, I mean, we're talking about just about a 200 point range in the S&P 500 did hit a new all time high barely yesterday on Thursday. And basically right there today as well. So just like we've been talking about, still anticipating this thing's going to just continue higher, at least in the short term. But we've still got to carry a little bit of short delta. We're about one to one on our short delta versus our theta ratio. We did shed some trade, some iron ducts, some other theta related trades. So our theta numbers are fairly low. We're sitting on about 65, 70% cash for this account because implied volatility has just been absolutely annihilated in the 21 day IV indicators at zero on the 252 day, the annual it's at zero. So really very low implied volatility. So we're just kind of picking our spots, still continuing to do our weekly double calendars, still continuing to layer on some iron ducts as we see opportunities. But you got to play the card your delt. So we don't want to force anything. We don't want to get too crazy. One thing I have been looking at, I talked about a couple of weeks ago and I haven't done anything yet, but I think next week it looks like our old friend soybeans still implied volatility still pretty high on that. Soybeans just ripped higher, creating some nice implied volatility. I haven't done anything because it was just making huge moves. They didn't want to sell any premium and get blown out. It seems to have kind of caught in a range, but the implied volatility is still nice and high. So we will be potentially looking to sell some premium in the grains next week. If we look at going back to the indices, but going back to the market, the NASDAQ. So it hit an all-time high back on April 29th and we're just under that as well. So I expect the NASDAQ to blow through that all-time high as well. Will that happen next week? Maybe it'll consolidate first and then do it. Who knows? But I'm expecting that level to be taken out. If we look at the Russell, the Russell's been in an extremely tight range as well for even longer and it's not too far off of its all-time highs. So eventually I think we'll push through that. And if we look at the VIX, I mean, looking at volatility, like I said, volatility just been getting annihilated. We had that one spike back in early May. We took advantage of that. We sold some short-call verticals in VXX and then, but this thing has just continued to bleed, bleed, bleed lower. If you look at it compared to where we were, obviously back down below pre-pandemic levels in the VIX. I mean, the VIX is at in the 15 handle, which we haven't seen since back before the pandemic. So hopefully we can get a little pop in implied volatility to create some opportunities. If we look at gold, looking at GLD, gold and silver, kind of consolidating here the last couple of weeks after a big march higher. And then bonds has been in a very tight range as well. Just kind of up and down, up and down. Had some upside this week, but still in a fairly tight range for the last couple of months. So continuing to watch that. Real quick, before we jump onto the alerts, give you a quick update on the day trading. A little bit of a red week this week, down 558, lost a little over 1,000 on a runner strategy. Just did a couple pairs trades. That was today, booked 189. And not very many mighty 90s, just 280 on six trades. So a little bit in the red there, but we'll continue to, we're gonna be streaming every day next week. So if you get a chance, make sure you pop in there. All right, on to the alerts. Let's take a look. Monday, June 7th, we opened an iron duck in the queues. We did this one with 18 days to expiration. Had a little tiny bit of downside movement in the market. So jumped in with an iron duck here. Let's take a look at QQQ and scrunch this down here. Prices is well up the beak, but we've still got a 20 plus percent chance that we can get back into the duckhead. So we'll hold this. If it stays here or moves much higher into next week, we will just close it early, book that beak profit and redeploy capital. While we're here, we've also got a short call vertical that we actually rolled today. I think it was today or yesterday, maybe. Anyway, we'll get to the alert, but pretty close to where we put it on, pretty close to where we rolled it, just holding this for some of that short delta exposure. Facebook did a long call diagonal in Facebook. So trying to just kind of slowly piece in to try to catch some of this upside momentum. We chose Facebook. Did a long call diagonal here. Facebook has moved down a little bit since we put this on, but the reasoning behind this, Facebook right below it's all time high, just kind of pulled back where we put this on a couple of days ago and looking for another push higher into all time highs. So wanted to get a bullish play on and Facebook looks like a great candidate for that. So we'll see if we get some upside momentum in Facebook here in the next week or so. We put this on with this decent duration, 24 days to expiration in the front week when we put this on. So we've got some time to let that hopefully play out. QQQ, we also had another Iron Duck in the Qs. We booked that one, booked a beak profit on that one as prices run higher with very little chance of getting back to the beak profit. Just close that early and booked beak profit. On SPX, weekly double calendar. So we opened this one with eight days in the front AM options. And actually this was corrected later but it was actually 14 days in the back week. I just didn't like the way the strikes, I didn't like the way it's set up with the 12 day option. So we went out one more cycle and put that on. So let me show you what that looks like. We actually added another weekly double calendar today. So we'll look at both. This is the one from the alert that I just mentioned. This has the back week expiration June 21 and the front week with the AM expiration cycle here, the June 18 AM cycle. So this has moved up slightly at a center since we put it on but we just got this on not too long ago. So we'll be taking this off near expiration next week. While we're here, let's take a look at the other one. I'm sorry, this is the one from the alert I just mentioned. This is the one with the back week on the June 23 expiration. I got those mixed up. So we're up about 80 bucks here. You can see that profit tense really starting to sag. And that's just, I mean, again, implied volatility is absolutely getting annihilated. So we're still up a little bit, still have a chance to book a decent profit, still got a nice wide range. If we get any kind of down movement, any kind of pop in implied volatility, that profit tent will push right back up and will benefit from that. So we'll see what happens into next week. SPX closing trade. So we had an iron duck in SPX that we closed that as well. Closed that one early, booked big profit because price ran higher and didn't have much of a chance to get back to the duckhead. So we just closed that out and booked some profits there. ES, we've got this long put vertical that we've been holding for short delta. And it's pretty close to where we put it on. Just right here, just inside the range there. So looking for some more downside to benefit that. SPY Vertigo closed this one out with one day of expiration, didn't quite make it out of the valley, it was getting there, but I didn't want to risk it and hold it into the, we probably would have booked a profit today had we held it, but when you get that close to expiration, you get that P&L really dipping into that valley, didn't want to take a risk because if price would have moved lower, we would have taken a much larger loss. So we just closed that out and took a little loss on that one. SPX weekly double calendar. So we closed this out. We were, we booked like 15 bucks on this, basically a scratch trade. And we were at one DTE. I mentioned you could hold it till today, but it would have been a loser had you held it till today. So it was a good choice in taking that one off and just taking a scratch profit on that one. DE long put vertical, we went ahead and rolled this one. We were over 50% of max profit on this piece. So we were in a weekly that had 21 days to expiration, rolled that out to 35 DTE into the monthlies. And so we're pretty close to where we just put that on right inside range here. John Deere, we've been, we've been using this for some short Delta took some pain on the way up kind of flat lined. And now it's really rolling over. We're seeing a lot of weakness in John Deere lately. So we'll continue to manage this one and keep this one on for some short Delta exposure in our overall portfolio. QQQ, this was a, I already showed you this, this was that short call vertical in the queues that we rolled from June to July to keep that short Delta in our portfolio. Rut iron duck, booked this one. Again, another beak profit with price running higher. We're just taking profits early and we'll start to redeploy that next week. So books, beak profit on that rut duck. SPX weekly double calendar. This is the one I just showed you. Did this one with the AM options in the front week. 10 DTE in the back week. And then McDonald's. So we had a long put diagonal on looking for some downside to McDonald's. McDonald's never gave us the downside we were looking for. So we just, we had our remaining long puts that we held from last week. And so we just let those expire here after the market closed. So those are all of the alerts. Let's take a look at some of the other positions. We've got a, we've still got our short strangle in bonds that we've been managing. Moved a little out of center because of the up movement in bonds this week. We're up about $250 since we did our last roll. If we get a little downside back to center, we will book this one or roll it. I can't remember exactly where we are on our P and L in bonds. We've had some, like I said, a pretty tight range. So we might be getting back to an area of potential profits after all adjustments there. Apple, we've got a short position in Apple. This is a long put vertical, just hanging out near the break even need some downside to get back into action there. I mentioned DE, DIA, another short call vertical pretty close to where we rolled at last. I'm looking for some downside to benefit that. Facebook, I mentioned IWM, another short play long put vertical. This one's just outside of range. This one's way out in July though. So we got some time. Just looking for some downside to get back into range. Let's see, I mentioned Q's, mentioned SPX, SPY. I was looking at a vertigo for today. I didn't end up sending the alert out. Just don't like the skew. I mean, look at that profit line. It's just really goofy. So passed on the vertigo today, but we might look at putting on one next week. At some point, price is gonna break out of this little just narrow range and we wanna be positioned with a vertigo would be perfect for that. We've taken a couple of losses recently just because I mean, there is no movement in SPY. You know, when there's no movement, that's not good for vertigos. So we'll look to potentially put one of those on next week, but the position we have on is an iron duck. And you can see, let me just set these price slices. So this one expires 622. So we still got a slim chance of getting back to the duckhead a little over 20%. So we'll hold this if price kind of stays here or moves a little bit higher. We'll just book this one, take a big profit there as well. And then lastly, XLK. Now this is our remaining piece in June. So I waited, I'm gonna wait to roll this next week. We've got just the seven days to expiration left. So we'll be rolling this next week and just extend duration, carry this for that short Delta exposure in case we do get a little bit of downside action. So those are all the alerts. Those are all the positions. That's your update. I hope everybody has a fantastic weekend. We'll talk to you next week.