 Hey everyone welcome to this week's video update today's Friday August 25th Let's take a quick look at the markets, and then we will jump into the trades for the week So starting with volatility some pretty wild swings in VIX Thursday big push-up when stocks were selling off and then today Basically gave away everything that it that it pushed higher on the previous day So some wild swings in VIX which obviously means some wild swings in the indices as well Wednesday big push-up Thursday big bar down and then a little bit of a bounce back today same with the Nasdaq The Russell a little bit tighter range sideways and then the Dow a little bit weaker to the downside Golden Silver both pushed up for the week notes and bonds higher for the week the 10-year yield sitting just above 4.23 oil kind of choppy sideways natty gas up and down Soybeans a little bit higher wheat sideways corn sideways the Euro lower pound lower for the week and Bitcoin still hanging around 26,000 lower after the big drop from last week All right, so that's the look at the markets Let's jump into our trades for the week starting with zero DTE had we do on zero DTE Not great down 7200 for the week If we look at the different strategies you can see Rick still continuing to do well undefeated in August plus almost 5,500 Power hour ratio plus 6,200 AM ratio Monday Wednesday Friday trades slightly down minus 845 power hour Tronche to slightly red minus 760 and Tronche one Slightly green plus 930 Monday quiet lunch a couple losses there minus 6,300 Tronche three for power hour. Actually the worst of the bunch down in 10-5 AM ratio for Tuesdays minus 2,800 quiet lunch on Friday basically a scratch that actually should have been about a $1,200 winner actually made a mistake on that one and then PM iron condor and Wednesday loser 925 iron condor a couple winners there the decay special Plus 2375 and then the PM ratio on Tuesday Plus 1,500 for the week. So not a great week for zero DTE. We started August off so strong I think I had like a 30 plus thousand dollar week and then the last few weeks have given given a bunch of bunch of it back so hopefully this We bounce back next week and have a have a good week. We are a pretty do in zero DTE land All right, so Let's move on to our next setups, which would be Dynamic butterflies So the time flies continue to do well one for plus 840 one for plus 650 We got a couple others open. Let's take a look at our open positions here So first off in rut. We've got a Flathead woodpecker Prices up here We're actually up about $400 on this for whatever reason when I go into privacy mode on toss this this acts like I paid a debit for this trade But I actually paid it or actually got a credit So actually up on this trade is doing well so nothing to do there and then on our time flies Got a couple of time flies on One of which is this one we put on today It's down slightly if it keeps pushing up. We will adjust that one And then this one has already been adjusted and we're currently up about five percent on our total risk So if we are barring a massive move over the weekend, we should be able to get out for a nice profit on that one on Monday Dynamic calendars Pretty break-even week on calendars. Let me make sure you get all these checked and give it a quick refresh All right, so minus 945 excuse me had a Nice winner in six sevens That was a six hundred eighty dollar winner small loser on a three five tgif minus 3300 that was when we took off on Thursday Unfortunately had we held it a little bit later on Thursday when we had that big down move that would have been a nice winner But all you can do is what you know at the time. So we close that out for loss BNB minus twelve hundred on that one. We had a $555 winner on a two four $630 winner on a BNB 260 on a BNB eleven twenty on a BNB 485 on an ndx single calendar and then the rest of these are open. So let's check out these open positions And we've got a tgif that we put on today And that's up just slightly Going into the weekend the others I have in a different account, but I've got a A three five a three seven and a six seven DTE double calendar. So the three five and the three seven will take off Monday morning and The six seven we will take off on Wednesday All right. So those are the dynamic calendars Onto the options selling. Oh, no Iron ducks can't forget about the iron ducks Just no closing ducks, but have several open and we opened up one new one this week So if we look at so we've got two in spx. We've got this one here with a set five expiration It's in good shape And then we've got the one that we just put on And that's pretty close to where we put it on. We're up a tiny bit on that one. We've also got one in rut That one's well up the beak doing fine and QQQ this one. We will take off This has a sep one. So we'll take this one off Early next week. So that's it for ducks. No NTT trades this week OSS options selling and hedgehogs I had a nice week here booked a $2,800 winner on a Nasdaq hedgehog Had a little scratch $20 loser on a gold reverse hedgehog $337 winner on an MES short strangle $1,700 loss on a 6e short strangle So that I think that was our third only our third loss of the year for short strangle. So But had to take a loss there We did put on another one in 6e. So let me show you our other options selling open positions Here's the short strangle we've got on in 6e due to the the skew in this we've been doing ratios So two puts to one call Bring this up a little bit in oil We've got a couple positions One of which is a hedgehog It's doing well Nothing to do there, and then we've also got a short strangle That's up a few hundred bucks in oil In ES we've got a hedgehog That's doing nice was doing nicer When before the bounce today, but still doing just fine GC we've got a reverse hedgehog in GC a little up moving goal to benefit that one and then our This one is from a hedgehog we already booked profits in but we're just holding this as kind of a lottery or we'll let it expire And yes, we've got a short strangle here. We're about halfway to our profit target after adjustments on that one Nasdaq we've got another hedgehog Is right here And that was doing just fine Zs this is our short strangle in soybeans if we can get just a little bit of a down move We'll be getting close to hitting our profit target. So we should be able to take that one off next week unless we Unless we get a big move QQq we've got I showed you that duck of VXX would be the last one So we've got a couple of verticals here Already took off half of this one when it was down here for 50% of max profit holding the remaining half and Then this one that we've been holding It's come back into range up a little bit of money. I'm looking for 50% of max profit on that one as well So those are all the trades. Hope everybody has a good weekend. Talk to you next week You