 then if we can see here we have we have three days so we have enough time for this position but what I want to do is just check the markets a little bit and then see you know if it's going to go positive or negative and then take take the appropriate action the other thing we can do of course in both these positions is as you can see on the shots we have a nice profit so we can book the profit and let the longs run if that's what the market wants to do if it wants to punch higher then that's what we can do but as of now I think just let's just wait for a couple of minutes and see how to deal with this other than that if you look at the movers the booking is down four but that's not a whole lot for booking then we have let's just go to market watch I think that's better and we have alphabet is down three as you know we know that so alphabet is going to is going down but the SMP is moving up so I just want to be a little careful here before we do anything other than that Amazon is down about for a seven and caterpillar is down five my goodness that's a lot for capital for caterpillar so don't know if there's any news around it or some earnings related issues but you know that's where it is and Tesla is down six so Tesla has been very bearish also so that's also a potential trade that we can look at so let's just watch the SMP and see what it is okay it's coming down and Google also seems to be coming down so let's just say be prepared with Google so let's say 31 I would say just you know take a three contract position here I'm not taking it I'm just keeping it ready and just checking I think if the sentiment is negative then we can do that okay Netflix is going down Google is also going down so I'll tell you what let's go in for three contracts at I think it was 520 I'm going to go in on Google the 1100 put okay 1100 put and Netflix we have booked a loss of 115 yesterday so that's something that we love to keep in mind it's about a $200 profit on that put okay SMP is moving up nicely I'm gonna take this okay because we don't want to lose lose the profit on the put we got out at 650 and so that's a profit of 360 there so now let's see if if Google can come up again a little bit is take off some of the this short call also and book some profit there and give the long call a chance so I'm going to take off just three I'm going to buy let me maximize this because it's going up now buy three okay at 210 okay so and so the way we want to look at these calculations is if we can get the PNL day to about 400 or so then we would be breaking even PNL for the day because it was down 400 at the beginning that is on Google on Netflix we have booked a loss of 115 already and we're just letting us we'll see what what needs to be done here maybe we can let Netflix also run a little bit it's Netflix seems to be going up I'll tell you what this thing is going the long call 375 call is going for 86 cents so it's a great opportunity to double down so I'm doubling down on the long call there five and let's say 88 cents that's a just an addition of $440 and that would give a chance for Netflix also to recover quicker okay so I just took off the the short calls also because as you can see Google is moving up and so is Netflix so we booked the profit on that now we need the PNL day on Google to come up to at least 400 that would be close to a break even trade and Netflix we have a little bit more room to go we need to overcome this 355 plus the yesterday's we booked a loss of 115 so about 450 or 500 on Netflix we need to recover should we book yeah but I'm also thinking that Vic on the Netflix we can book this profit and then we would be left with a delta of 150 that's not too bad okay so let's book this because I think but I want to see the charts change a little bit here right now this bar is looking a little weak we can book it 70 cents okay so now we now we have we have exposed to about 10 of 10 of the longs okay on Netflix and for Netflix we needed to come to 500 PNL for the day and on Google we needed to come to about 400 okay 457 folks Google I'm gonna peel things off now probably take off five contracts at 310 looks like so that's a profit of 457 there we would be clearly past the break even point there we can get it we should get 310 we should get better 310 okay we exited that so now we are left with three longs and the profit is 427 412 seems some weakness again over here 397 I'm going to take it just close Google off and maybe a small loss mostly most likely you know very close to a break even so tell you what give it a little Netflix what I want to do is moving up it's looking good it's only 0.8 so I'm going to add five to Netflix because you know you can cost average and just give it the best chance for it to move 85 cents so that's just an addition of $400 to the trade but it might be well worth it because if it can now our trade price the average price is 1.63 and of course we can always make it a debit spread at some point 2810 call I'm going in three contracts at 490 on the SPX tomorrow's expiry it's a Wednesday expiry okay Netflix is up 392 for the day we are not quite there but I'm going to peel off some because we've got 15 contracts so that's a little heavy position there I'm going to sell five five 1.12 obviously it will be taking a little bit of a loss we are at 335 let's see 382 oh 401 okay it's moving up now 396 so 114 113 I'm going to take five contracts off okay 114 got it I'm going to put it at 1.2 as a debit order okay 1.2 so it's still left with five contracts and we are at 478 462 so almost at break even there on Netflix as well I mean you know it may not sound like too much but when you have two trades that were down 400 and 500 and if you can bring that to break even that's so that's definitely a win on on on any you know by any standards it's definitely a win if you can get those two trades back to break even that is definitely a win let's see 1.23 I'm taking it okay so we are out on Netflix and Google brought both of them back to us back to a back to a break even situation so I'm going to add two contracts here okay so we are in okay it's not able to do it I think I'm just going to make it a debit spread on the SPX here so yeah exit I executed that now because it that 2800 is a big round number I'm going to see if we can book the profits on this and let the long run a little bit I think it may be a time to try this tactic here right now so I'm going to buy this back the short call at 2815 strike price and let's see if the SMP can move up okay all right 1.6 we are out and that was a profit of 600 on the short call 325 I'm taking it guys 410 that's $400 okay right there 375 475 okay I'm taking it because it's hitting up right up against that but it's it's moving nicely but I don't want to take a risk all right I got in I got out at 450 let's see what did we do up 600 on the SPX $600 okay for the day all right folks I will end it here for the day not too bad SPX was a good recovery it had to punch through that 28 number 2800 big round number and I think it did but as far as this trade was concerned I think you know it's done well so I've taken it off now and so that's that trade is also closed all right folks so have a good day I'll speak to you tomorrow thanks