 Hey everyone happy Friday today's Friday September 18th. Welcome to this week's video update for pro members Taking a look at the markets a little volatility the last few days always welcome in our world We've been talking about for the last couple weeks. We got this big push down and then we got a little bounce We added some more short delta there. We've been talking about especially in the live stream day trading room We've been talking about just this little consolidation box that we're currently in and we've been talking About how it keeps bouncing up and then coming down bouncing up coming down Eventually this thing is going to crack to the downside Looks like we're gonna wait until next week. We we cracked a little bit and now we're rebounding this afternoon We've got about 25 minutes before the market closes at the time of this recording. So Now I could Continue to consolidate it could bounce all the way back up Which I mean these are pretty pretty decent size moves within this consolidation box But like I said, I think I think we're gonna crack to the downside and we've got the we've got the short delta to cover that as well So S&P's down 36 today Dow down 212 Nasdaq down 140 and the Russell down 5.7 at this point So let's take a look at our well, let's start with the day trading So I've been putting out recaps or day trading. It's just it's going really really well But let me just give you a quick recap here You can also check our Facebook group and that's where we post the daily recaps if you've missed those Let's start with the mighty 90s. So this is for this week week of 914 mighty 90s actually underwater a little bit There's been very few opportunities We're only taking a couple of these trades a day and we're staying super small We're what we're seeing is we're seeing pretty big overnight moves and then in the morning. We're not getting the price reactions We're not getting that the two-way price wings that we really want for the mighty 90s strategy And so just to reiterate though, I mean, this is the strategy is still Extremely solid just because we have a little bit of downside and fewer opportunities Does not mean it's dead. We only took 11 trades. In fact, I wrote here You know, I actually missed out on some nice trades has some orders in for Tesla and Facebook and just never got filled So there are there are more opportunities than we're getting our execution hasn't been you know today, especially wasn't wasn't excellent But at the same time When the opportunities are not there, you've got to reduce size and you've got to you know, let price action dictate where you're going So we've just stayed super small taking very few mighty 90 trades And that's that's what you got to do pairs trades zero this week And I talked about this in the day trade recap as well But you know when when the markets are moving like this pairs trading is not really that Exciting to get involved in I really like doing pairs trading when there's nothing else to do and taking advantage of the spread So we just didn't even take any pairs trades and the big the big the big story is the runners I mean, we've we've just been killing it on the runner strategy and we have not released the class yet on this So we will be doing it very very soon We've just been kind of honing in our exact exit criteria and in a couple little things here So we're getting ready to roll that out as an official class to add to the day trading course But we've been trading it live in the room and kind of teaching it as we as we kind of finalized the detail So it's been a lot of fun But you can see, you know Monday booked over 570 over 1600 on Tuesday almost 600 on Wednesday over 3200 yesterday on Thursday and then another 1,700 today. So if we look at our our summary For the week total profits over $7,000 this week And then you can see the breakdown of mighty 90 pairs trades and runners for the last three weeks So we we started so before I was just kind of Piling in all of our day trading P&L Into one lump and obviously this needed to be broken out by strategy. So that's what I've been doing for the last few weeks I didn't go back to the beginning and try to sort it out because I would have just been a project in itself and So just going forward just for the last few weeks We'll be we'll be using this format to break down per strategy and then totals here. So Total for the last few weeks almost $15,000 and keep in mind. This is over the course of 14 trading days So we had five trading days this week four last week because of Labor Day And five the the week before so that's 14 Making $15,000 so averaging over $1,000 per day the last few weeks. So just great stuff Okay, so that's day trading if you guys have any questions, let us know if you haven't been in the day trading room get in there It's good stuff. We're having a lot of fun. A lot of people making some money a lot of people posting I mean 2000 $3,000 profits today. So Really good stuff. Make sure you check that out if you haven't All right, so let's go back. Let's go to the alerts now starting with the 14th, which was Monday Our first trade was qqq. So we opened up a new bunker in the queues And so let's take a look at that And that was Monday the 14th. So that's as price kind of started bouncing back up We were anticipating this rollover And and so we we added some short delta here. So let's take a look at the queues We've got several positions in the queues Let's start with that bunker that we added which is this one here So we're up a little bit on that looking for a little bit more downside before we do anything there We've also got a bunker in november that we're getting ready to take off We're gonna take this off next week See if we get a little bit more follow through to the downside and see if we can get out with a little profit in that one We've been in that one for a couple months now Now we've got a couple vertical spreads one is in the weeklies in october We're up a little over a hundred since we did that roll And then we got the one in the monthly october's we're up about 357 on that one if we still get if we get some more continuation to the downside And we get over 50 of max profit. We'll roll that one as well Next trade adobe. So we got an earnings iron duck in adobe Let's take a look at adobe So this one's right smack dab in the duckhead and we've got about 20 minutes before the close of the market So we're just going to go ahead and let this one expired. It's it's uh, it's it's pretty well centered So we're going to book hopefully a duckhead here unless something crazy happens here in the last 18 minutes before the market closes So looking at a full duckhead of 578 on that one So a nice trade there that was an earnings iron duck Next trade gold did a closing adjusting trade. So we've had these two verticals on from previous iron condors Uh, this was a put vertical and price uh in gold made a move higher So we went and closed that one out booked over 40 of max profit on that uh iron condor as a whole We only had eight days left and then um Now we're still holding our other piece of our other iron condor. So let's go to gold and check that out So, oh no, actually, I'm sorry. We closed it out. Um Oh, no, no, no, no, I'm sorry. Here it is. All right. So here's here's the other piece So we've got price sitting right here now. We've only got what is it six days left? Yeah We've got six days left. So price we were hoping price comes down a little bit And we can close this one out for a profit as well I know some of you are already close this out when when gold was trading lower and booked that profit We're gonna wait and see if we get a little down move. If not, we'll just close this out and in the And so what I was referring to this one is a full iron condor that we that we put on today Just adding uh adding some more premium applied volatility is still elevated here So just waiting for some more time to pass to uh to benefit that trade I did a closing trade in sp y so we had an iron duck that was in the duck head It was too close to the edge to just let it expire. So we went and closed it out for 19 cents Uh booked uh booked about 500 and some dollars on that one Opening adjusting on uh so this is the iron condor that we just put on on gold And I'm sorry that was actually yesterday that we put that on And then yes rolling adjusting trade. So we have a couple long put verticals here We rolled this one out. We only had one day to expiration. So we rolled it out to 36 days Adjusted those strikes down as the market moved. So let's take a look at yes We've still got a couple pieces here We've got this one. This is the one we just rolled. We're up about 60 bucks since we did that roll and then the other one Is uh, it's right here and we're up about 490 on that one. So if we get a little bit more downside We will roll that one down and out as well Closing trade in spx. So we had a weekly double calendar got a nice move down on thursday along with some elevated Implied volatility allowed us to book a book a nice profit on that one Right around 300 is what we ended up booking on that trade Uh spx iron duck as the market was coming down. We added another duck. So let's take a look at spx We've now got two ducks. This is the one we just added You could see price is pretty close to where we put it on And then and that and that one expires on the 3rd of october The other one that we have on as well is right in the duckhead here We're up a few hundred bucks, but we're uh, we're going to hold this closer to expiration, which is on the 24th so next week, hopefully we can slap another duck in the head on that one And then di a closing adjusting trade. So we had a Oh, so this is one. So overnight we got assigned on these uh on our calls So we were uh, then then we had we woke up. We had 400 um Short shares of di a so we just closed those out and then the remaining 280 long call We closed that out. So we just closed it out and next week Uh, we'll we'll look to potentially add that short call vertical back in so we're just holding the one in di a now Which is this one here and it's pretty close to where we had rolled last up about 30 bucks So just looking for some more downside to benefit that And our our overall short delta is about one to one on our short delta versus Theta ratio when you beta weighted to spy. So we've got a we've got some short delta ready for some more down move if it comes rh So this is a post earning short put vertical. Unfortunately, this got caught in the down draft Of the market. So if you take a look at the charts and go to rh So we had earnings kind of bounced around here and it looked like we were going to get a move hired And then it just got caught in that in that big move lower in the overall market. It's still staying pretty steady I was considering rolling this but it was going to be for a pretty sizable debit I still think you know based on this price action compared to the rest of the market I still think next week we probably will get a continuation to the upside but I'd rather just shed that long delta and uh, because I just think the market overall is going lower So I don't want to fight that with uh with a long position. So we just went ahead and closed that out And that's all the alerts for the week. Let's take a look at the other positions We've got going I mentioned es gold natty gas. So we've got this adjusted short strangle in natty gas And price is hanging out right here. So we're up about 1200 bucks since we rolled this last If we get a little bit more downside in that gas We'll we'll get to a point where we're over 50 of max profit and we'll look to potentially roll or close that Bonds we've got this adjusted strangle. We're up about a little over a thousand dollars on this one Since we rolled it last we need a little bit of up movement to get back to center here But both in that gas and bonds we've got a lot of time left apple down a couple percent today So apple's been on a downhill slide now or over 50 of max on this So we will look to potentially roll this next week. Just figured we'd get it give it over the weekend and uh And deal with it early next week Mentioned adobe john deers john deers jim's been staying strong even with this market Rolling over look at john deers. I mean it is strong apparently people still love their green tractors But we've got some short delta in there and it's just outside of range. So we'll just continue to hold this I mentioned dia IWM. We've got several pieces here. Let's start with the most recent expiration We've got a long put vertical prices hanging out right inside the range We've got a another one, uh, the next in the next cycle pretty close to the same area right inside the range there We've got a bunker in november, which we'll take off early next week. We're getting real close to that 60 days to expiration So we'll probably close that out We'll just see if we get a little bit of a continuation, uh downwards next week first And then we've got the one out in december, which uh, isn't isn't good shape Just looking for some more downside on that as well We mentioned the cues smh. We've got this adjusted strangle prices pretty well centered here We're up about $500 on this one since we did our last roll spx spy We've got this iron condor We're getting close to that. We actually could have taken this off today I was I was looking at potentially taking it off, but I figured we're so centered See if we can get some more theta decay into early next week And then we'll close this up close this out and put and then potentially add another one to You know keep that keep that trade going xbi xbi is another one that's really strong. This is the biotech etf But this one has actually been really strong compared to the market And so we need a little bit of downside action to get back into center on this one And then lastly xlk. We've got a long put that we added So we're about $370 on that. We're just holding this for for some more downside action I'd like to book 50 to 100 percent. You know, we're in this for about 12 45. So if we can book 12, you know, 900 1200 bucks on this one That's that's kind of what we're looking for and if this market does roll over that's exactly what'll happen So if we get some more continuation to the downside into next week We could potentially take that one off for a nice profit And then we've got a long put vertical which we'll we'll also roll next week Got a good over 50 percent of max profit on that one at this point And then lastly we have a bunker here as well, which is currently up a couple hundred bucks Looking for some more downside to benefit that. So that's all the alerts. Those are all the positions If you guys have any questions, let us know. Otherwise have a fantastic weekend And we will catch up with you on monday. Cheers