 Hey everybody, it's Harry Swaminathan. It's Tuesday 14 September. We are looking at our swing trades here. The ES is up about three points, NQ is up two. Now yesterday was a volatile day. If you recall the futures had indicated a nice open of about 30 points on the S&P but as soon as the market started opening and it just started going down, ultimately though it did eke out a small gain but it's a volatile time. So you can see this downturn coming over here and today we are seeing a little bit of pressure also on this and Q just turned negative here. So just a little bit of caution and so you know obviously at a time like that what what you want to do is let's see if we can get some pointers from the VIX options. So I would go into the next week's options and look at the VIXs at 19 and you can see the VIX the 19 calls are going for you know between 150 and 2 whereas the 19 puts are 85 to 1. So still there's a bias towards the calls and if you go $1 out of the money if you look at the 20 calls then you know that's going for about 1.6 whereas if you look at the 18 puts that's you know it's almost going for nothing there. So obviously I think there is some bias to the VIX calls so which means there could be some more downward pressure on the market. So I think now we see all these trades if it's going to go below our long call then I think you know whatever hedge we did has done its job so I'm going to be taking off some trades today. We've done very well this month as you can see even from the forget section we've got Apple here, we've got Airbnb, Airbnb of course we had a little bit more but you know you have to give them a little bit of chance and you know one of these trades will strike gold. In any case Netflix we did you know we have struck gold you know this is a clear $10,400 profit now Spotify is also a clear $3,500 profit. So today what I'm going to do is I'm going to take off $1,100 because you know Amazon is at $3,460 so which is it's come down below our $3,480 call so now it'll start losing money if it's if the markets don't recover and if the stocks don't recover. So I'm closing Amazon, Costco is fine, Lyft is fine, PayPal I'm going to be doing an adjustment, Starbucks we just opened and Tesla is also okay. Tesla is also below the long call however you can see the overall position is just down about $460. Now here in the forget section we'll be taking off almost all these trades, Apple for about $1,200 let's say, Airbnb $2,000, Facebook I'm going to keep it as is because that's very close to our long call. Netflix it's been coming down and so it had a nice run it's been coming down it's time to take this $10,400 profit. Spotify $3,500 so totally we are looking at $14,000 plus $2,000, $16,000 plus another $1,217,200 say let's say almost $20,000 we're going to take off today on my size so those are the five trades I'm taking off I'm only adjusting PayPal. PayPal is also going down and we need to fix this trade so that it at least has a chance of coming back to break even so what I want to do is sell the 24th September which is about 10 days away I'm selling the 287.5 and getting about $2.20 premium there so that is the you know that's the adjustment on PayPal. Now in terms of any new trade since we're taking off five I don't mind going into a new trade let's take a look at booking charts because some of these have just come into the into the bullish booking showing a little weakness here let's see win also is it also got a couple of red dots Starbucks of course we do have a trade already Expedia all right now this is a good looking chart you can see the five things are just about aligned over here and today it might go down no it actually is going to open right around here let's see what the options looks like and let's take a small trade on Expedia especially given that we are sort of taking off five trades we can go in for another trade here okay so I want to go to the 22nd October at least and Expedia is going to open around 147 to 148 I'll go for the 155 calls slightly less expensive and we can get a better bang for the buck if it moves up so that's the new trade for today 22nd October expiry Expedia 155 long calls thanks