 Hey everybody, this is Hari Swaminathan, it is Wednesday, September 14th and we are looking at our swing trades and what a day it was yesterday. First of all, all the market analysts got it wrong. The pre-market futures were anticipating a slightly lower inflation number but it actually came out a little higher. But regardless, this is what happened yesterday. As you can see, it started going down and then somewhere over here. So I want to use this trade as an example to manage iron condors and so I'm going to get into some detail. Obviously when it's going down, the call vertical is going to be near max profit. So you want to close the call vertical and at some point, whenever you close the call vertical, you can put in a new call vertical and get some fresh premium. But what about the put vertical? So I think I was waiting for it to, because it was going down quite a bit and I figured there will be some bounce but there was no bounce. So over here, I closed the put vertical, of course for a loss. But and then around here, I opened a new put vertical and I figured, okay, I'll go down to about 3900. So let me explain here. So I opened this 4060, 4065 when the market was just around over here near the 4000 mark and then it never really bounced back and so I put the put vertical at 3900 and then it went down. So today it's moving up because the futures are up about 13 but our barefoot is going to be doing well and then I wanted to give enough room on the put side. So today you can see, so what ended up happening is, we had a net loss of 2100. I think the call vertical had a profit of about 1200 and then the put vertical had a loss of about 3100 or so and so the net loss was 2100. But now if you see this and today all of these are going to expire. So I think if you want to hold on to it and just get some more premium, there's still a little bit of premium here on the put side. I wouldn't take too much of a risk really because if you look at the futures today, what's happening is it was higher and it's been moving down steadily. So we don't know how it's going to go. Right now, this position has about 5200 and of course we've booked a loss of, what is it? 2100. Net, it's still a $3200 profit trade and I'm going to close everything and once again, we're going to go clean. Let's see how the price action happens today because yesterday's number jolted the markets and we want to make sure what kind of sentiment is coming in today. So I'm going to close everything today and I'm going to book this $3200 approximately. So I'm going to put this as plus $3200 and that will make it a profit of 1100, not a whole lot but I think we are lucky to get out of this this kind of a situation with a win. So I'm going to close this and let's start fresh tomorrow and see how the price action goes because it's still suspect at the moment and we'll take action tomorrow. Thanks.