 Everyone welcome to this weekend's video update for pro members actually recording this on the morning of Sunday April 11th So a little delayed this weekend compared to normal. So sorry about that But let's jump into it starting with just taking a quick look at the markets spx Just you know the markets just stocks just continue to march higher Took just a slight pause which is basically just flat sideways action with no range for a couple days and then ripped Into new highs again. We've been talking about this for the last couple months that you know We thought the S&P we thought stocks would just continue to climb ever since really after the election Is when we've been talking about this and as you can see if you zoom out just continued march You had a couple of little blips here in the market a couple you know a little blip here But then it's just kind of just on on on and on and implied volatility has just gotten crushed if we take a look at the VIX You can see we're now if I zoom out here I mean, you know, we're we're approaching pre-pandemic levels in volatility. So volatility just absolutely getting sucked out of the market and I and I imagine it will continue to do so again. We may have some little blips Some little news stories and little things come out, but I think we're gonna for at least the short term We're gonna continue higher now. I have started adding a little bit of short Delta Not not not doing anything crazy But I'll show you some of the trades that we that we added not adding any bunkers or any crash protection or hedge You know major hedge black swan type for protection at this point But you know, this market is starting to get a little bit extended I we saw a little bit of push-up and implied volatility even as the market was going up Which which I thought might indicate a potential, you know look at a at the market potential He's starting to blow the top off, but but it doesn't look like that way I mean it the market just marched back up and and Involatility got crushed even more. So just continuing to watch that but we will start layering layering in some short Delta We're a little over one to one almost two to one on our short Delta versus our theta ratio And part of that is just because we have a lot less theta on we have a lot less premium because we haven't had the Opportunities so it's not that we've tried to get more short, but compared to our theta We are a little bit more short at this point All right, so that's the markets if we take a look at that's the stock market if we take a look at bonds Let's take a look at ZB And ZB had this big slide and then for the last few weeks is really just continued to chop sideways And grind a little bit higher with with interest rates stabilizing a little bit But remember if interest rates do start to march up again, you'll see the slide and bonds continue because of that inverse correlation All right, so that's just a quick overview of what's going on in the markets Taking a look at you know what one thing I've been I've been watching and I haven't placed any trades in yet But is the grains I mean if you look at soybeans soybeans have been Took a massive rip higher and they've just been kind of marching sideways for a while But implied volatility the options in there are very expensive We don't do a lot in the grains just because of the commission structure. I mean if you do a four-legged lay a trade like a iron condor You know, you're talking about using 10 to 15 percent of your capital just to put that trade on And I don't necessarily like to like to do naked trades in there either because of the Substantial, you know limit up and limit down situations you can find yourself in within those commodity products But we may we may look to potentially, you know do a small position in Zs next week Just kind of watching it it already has traded sideways for a while So it may be looking to break out either up or down here So we'll we'll see what happens here, but the implied volatility options in there are very nice and expensive for for selling premium So we'll take a look at that and then oil we did have a an iron condor and oil that we took off for a nice profit But now and I was waiting for implied volatility to potentially pop back up But along with everything else applied volatility got crushed as oil has just kind of traded sideways recently So not much of an opportunity in there at this point So let's we'll jump into the alerts give you a quick update on our day trading had the best week that we've had day trading going back to September 14th the week of September 14th in 2020 Well, we had a big week of over 7,000 that week this week over $5,600 and this is our best week since then which on top of one of our worst weeks in a while last week and last week's Performance was specifically due to just a couple trades that I let get away and in my position size was bigger than some of the other trades and so this week really refocused on Just the discipline and and following the rules and it paid off big and that was just in four days We didn't even day trade on Friday. So over $5,600 trading Monday through Thursday mighty 90s plus 887 And that puts us at almost 10,000 total on the mighty 90 trades pairs trade just it just did two small trades minus 84 puts that us at Little under 2800 on the pairs and then the runners $4,800 on 16 trades and in the winning percentage is the big story here over 81% there on the mighty 90s 80% win rate So P&L on the runners gets us to over 47,000 total almost 60,000 on all our day trades So good stuff there continuing to have fun in the live stream room with all my day trading peeps and We'll be streaming live every day next week Monday through Friday. So look forward to seeing you then All right, let's move on to the alerts Starting with rut did a closing trade in rut. We had an iron duck price ran higher We picked a booked a bit over beak profit on that one. So took that one off for a winner Opening trade in SPX. So we added a weekly double calendar in SPX. We already had one in the same cycle So we added one more this one with four days in the front seven in the back And I'll get to SPX here because we already closed these out this week SPY vertigo so we put on a vertigo Last week did this with 10 contracts got a really nice move with both implied volatility and price And so we closed out six of our 10 contracts So just taking some chips off the table holding the remaining piece just to see if we can get some more sometimes I like to take around half, you know 40 50 60 percent of the position on here We just took off six of 10 so 60 percent booked some profits And we'll go to that here in a second because we took off the rest here this week as well JPM so we did a pre earnings long strangle JP Morgan has been well, let me get a chart to give you the visual here JPM has been trading pretty sideways The last few weeks and implied volatility is just absolutely been annihilated of course with the rest of the market however With earnings coming up you would expect that we see a pop and implied volatility now. We have not seen that yet But looking for a potential price move and some Spike and implied volatility going into earnings now earnings is on 414 before market So we'll be closing this out on the 13th And hopefully we get a little pop and implied volatility or a little pop in price either up or down To potentially book a profit here see we're down slightly on here because implied volatility has still just continued to to contract Even leading up to earnings which is interesting because that's not very normal But we'll see if we can get a pop here and sneak out of profit before we have to close this one before earnings Starbucks closing adjusting trade. So we had a long call diagonal just a bullish play in in Starbucks Trying to ride this momentum of the market going higher Starbucks got a really nice pop higher. We closed out Half of it half of our contracts for over a 60% profit on this and we're holding our remaining piece I know Starbucks has come down since then, but we're still up. Let's see. We've got a hundred sixty four of risk 100 so we're pretty close to to where we took that that other half off And if we can get another little pop higher in Starbucks into this week We'll be in good shape. So we as Starbucks popped up and started consolidating here We put put the straight on right here popped up. We took off half It's consolidating again. If you get another pop up, we'll take the other half off for a nice profit as well SPY closing trade. So this is the remaining four contracts that we closed in that spy Vertigo so booked a really nice profit on that in just a few days DIA rolling adjusting trade. So this is a short call vertical in DIA We just rolled it out from April to May adjusted our strikes accordingly And this is one of those positions. We're just keeping on for that short delta exposure So if you take a look at DIA, you can see prices pretty close to the break even right now Just holding that for some downside to benefit that piece if we if the market does start to turn Baidu long put diagonal. So here's one of the short delta plays that we that we put on We did this one with 23 days in the front week 30 in the back and we're just looking for some downside action Baidu and Baba these Chinese stocks have been pretty weak So we're trying to get get short the some of the weaker stocks on the board and we'll stay long some of the stronger ones And and play it that way so you can see, you know Even with the market ripping a new time all-time highs Baidu has shown some weakness tried to bounce shown some weakness Bounced again, so we're seeing if we can get one more one more flush lower to to benefit this So you can see we're already up a little bit on the trade from when we put it on and just looking for a little bit downside to try to book, you know somewhere fifty hundred percent of of Buying power so we've got about four hundred fifty eight dollars of risk So we'd like to book around that in profits as well if we get a little bit of a down move Lulu same thing added as a short position in Lulu again using the long put diagonal same expiration 23 days in the front 30 in the back. So if you take a look at Lulu You can see Lulu's actually moved higher on us since we put this on But again Lulu's been pretty weak came out with earnings show some weakness after earnings When it bounced up we're looking for a potential rollover It has moved higher on it since then but we'll we'll see if we get some downside move It's still kind of at the top of this consolidation area. It starts to break out We might just close it, but we'll see we've got some time So we'll see if we can get some get some profits at a Lulu Rut iron duck so we opened up a new rut iron duck with with prices moving lower on this day on April 7th Put on a duck with 14 days to expiration. So if we take a look at rut So you can see as the S&P is continuing to hit me all-time highs along with the Dow The Russell hit it back on the 15th of March But has not been able to regain that strength. So I had this little push lower so we put on an iron duck right here and you can see we're Prices moved a little bit higher since then so we're up a little bit on that trade But still a good chance to come back into the max profit area. So holding that for now SPX closing trade. So here's one of our iron excuse me weekly double calendars and SPX that we That we had on this was on Thursday with one DTE. So we went ahead and closed this one Booked a profit on this one and then the very next trade we closed our other one So we had two on closed both the you know, we just had a P&L tent was really sagging Assumed we were going to get some further you know Volatility contraction on Friday, which in fact we did so it was a good exit So one of them was a winner. One of them was a loser So we were out of those and then we went ahead and put on another one for the next week So this one with seven DTE in the front 11 DTE in the back Remember these front week options are the AM expiration options, which I always note in the comments here Which just means they expire in the first thing in the morning not After the market closes. So if we take a look at that one Bring this up here a little bit So this is our iron duck Click off that So you can see we're up Almost a hundred. Yeah a little over a hundred dollars on this So just looking for prices to kind of stay in this range Maybe get a little pop and implied volatility And it doesn't take much on these on these double calendars double diagonals It doesn't take a lot of a pop of implied volatility if we just get a little bit moved down A little pop pop and iv It'll really help the profit of this. We'll see what happens into next week And then we've also while we're here. We've got an iron duck in spx that Is still is way up the beak. So we tried to close this out This expires on the 15th So if we can't get filled for under five dollars just to book that beak profit of 120 We'll just let it expire But we'll try to we'll try to manage out of that one next week and just close it out early redeploy that capital Into another high probability trade XLk, this is one of our another one of our short delta plays This is a long put vertical just rolled this out from april to may And extending duration keeping that short delta exposure in our portfolio. It's pretty close to where we put it on Just looking for some downside to benefit that spy So we opened up a new vertigo this one was seven and ten days Uh, so if you take a look at spy Look off some of these theoreticals So you can see implied volatility did pop up slightly from where we put this on so we just need a big move up or a big move down Did eight contracts on this one a little bit wider So we've got you know potential to book five six hundred dollars on this if we can get a decent move in either direction And then lastly we had a couple of stragglers on we had a From a long call diagonal we had we had our remaining long calls left. So we just let those expire And then in dk and g Long call diagonal had some remaining long calls that we just let those expire as well So we were out of those So those are all the positions. Uh, excuse me. Those are all the alerts. Let's take a look at some of these other positions Starting with es. So we've got this long put vertical. We'll be rolling this next week It's way out of range with the up movement in stocks You can see we've got 19 days to expiration. So we'll we'll roll this out here the next couple weeks Uh out to extend duration and keep that as a short delta piece Uh zb. We've still got this short strangle It's got 40 days left to expiration that we've been managing you can see it's dead centered We're up a couple hundred bucks since our last roll Apple another short delta piece that has uh pushed higher with the rest of the market So looking for some downside to get back into range there. This one is out in may so not looking to roll yet Baba another one of our short positions here. This is another uh long Put diagonal prices right here. Just looking for a little bit of downside to benefit that I already mentioned Baidu DE Uh another one of our short delta plays just outside of range looking for some downside to get back in there DIA I mentioned iwm same thing. This is a long put di uh long put vertical Looking for some downside to get back into range there. I mentioned jpm lulu qqq Uh with this I mean with this big move up in the market, you know, this nasdaq as well had a big move up Almost hit a new all-time high Just under it in the qqq's Let's see did ndx hit it. No, yeah, just under it there as well So, uh, I mean with that with that kind of an explosive move You're gonna obviously bust out of the range of some of your short delta plays here, which is what happened Mentioned rut mentioned, uh, s bucks smh Semiconductors we've got this short strangle that we've adjusted into astral prices just hanging out here in the upper end of the range Could use a little downside to get back into the center there Mention spx spy and xlk So those are all the alerts. Those are all the positions. Everybody have a good rest of your sunday And we will see you monday. We'll be streaming live in the day trading monday through friday And uh, and we'll be in the community as well. So look forward to seeing you then take care