 What's shaken navigation nation? What a crazy and wild October and it's not even Halloween yet Before we jump into the alerts. I just want to give a little bit of my thoughts and kind of perspective on Where we're at in the markets. We're looking at a chart right now of the S&P 500 and This this red line represents January 1st, so this is where the market started at the beginning of the year Going back to the going back to the first first trading day of the year And so if you see where we're at now You can see we just broke through that the last couple days and not that there's any Significance to that level or trend line or anything like that It's it's really just a the reason I point that out is because think about this if you were invested in Index funds like many people are in their 401k or IRAs or just the way that they invest They're they're down on the year They're down money if they are just simply invested in the S&P 500 our portfolio is up over 40 percent year-to-date and So I point that out because that's just the power of the strategies that we use and the methodologies that we teach and And so to put that in perspective, you know, what a huge difference that is on a rate of return if you have a hundred thousand dollars That's forty thousand dollars if you have a million dollar account. That's four hundred thousand dollars And we have we have a lot of members trading with some really large accounts And then of course we have a lot of members trading with smaller accounts, too And so those numbers aren't as big but if you look at it from a percentage standpoint I mean that it's it can be such a life-changing Thing to learn how to trade this and it's a life skill So if any of you are frustrated or you're just starting to get into this, you know, stick with it It's well worth it. It's a life skill that you're gonna have forever that you can pass on For for generations. So stick with it. It's exciting times here You know, our our portfolio has continued to hit new all-time P&L highs it did again today And it's a wild ride, but man, this is when trading is the most fun, you know in in 2017 When the market was just grinding higher implied volatility was low. It was a one-directional move We made money, but it was one of the most difficult trading Timeframes that you can that you can trade in because it's one directional and implied volatility is low right now We're having massive two-sided action plus implied volatility is high in Almost everything and so you can simply sell premium and continue to manage your positions like we teach and it just it's so much fun So I hope I hope everybody else is having fun out there. I know a lot of our members I hear from a lot of our members. I know they are as well. So Let's hope this keeps it up The other thing I wanted to point out here before we jump into the alerts is A little bit of perspective on where we at where we are From a just from an overall market Kind of a more of a historical standpoint Let's look at a 10-year chart and let's change this from daily charts to a monthly and The reason I want to show you this is is Look at this I'm narrow it down a little bit more. So this is 10 years. So this is going all the way back to 2008 and This is where we are today. This is a one month bar and I mean if you look at it from this perspective This October that we're having this one month, which is a big down month for sure But overall look at this. I mean, this is just a little blip on the overall massive run that we've had So I'm not making any prediction that we have, you know that we could go, you know much much lower but the reality is we could and And you know, you're gonna get all kinds of people on CNBC and these news channels making predictions about where we're going and I want to encourage you to Not listen to that. I mean, you know what I think about opinions They are just don't their opinion does not matter The most important thing to do is to stay Strategic and stay mechanical and that's exactly what we do at navigation trading. We're using Probabilities statistics to to manage these positions and we're not we're not trying to guess where the market's going to go and And and you don't have to to make money and that's that that's the key point So having said that let's jump into the alerts for the week starting with Monday and the first alert that I sent out was a was a corrective alert because after I did the the weekly video last Friday, I noticed that One of our alerts so the the the alert right here in forward slash 6e This was this was a closing trade that we that we posted on the 11th Back on October 11th. And let me just get to that so I can show you what I mean Right here. So we closed this out and Booked booked around 40% of max profit in just 14 days. The problem is We it didn't save correctly in our system. And so the alert never went out So I had to go back and and post it here in chronological order And so the first thing Monday morning that I did was sent out this corrective alert Just to let you know that we had closed it out now. Thankfully, I got Feedback from from several members saying that they actually got filled at better prices than we did because of that situation, but the reality is that's only happened one other time and we caught it right away, so This one this one went a little while before we did catch it But thankfully hopefully it worked out in your benefit and so we were we were out of 6e at that point Next trade was an opening adjusting trade in SMH So we added a short strangle in SMH in the December cycle applied volatility at that point was up to 88 and Let's go to SMH on the charts. You can kind of see it's Falling along with everything else at this point if we take a look at our analyze tab Here is the alert that I just sent out and let me reset these so I can Check the correct boxes. I'm not sure why toss does that but it's part of the deal So here's this one so you can see implied volatility has gone up significantly since then so you can see this trade is Downsome, but it's still well within our range We just need some implied volatility to contract price to kind of stay stabilize a little bit And then we've got this other piece as well Which is an adjusted strangle, which is actually a straddle at that 99 strike You can see prices down here in the lower end of the range if it might if it moves too much further Let's take a look at how much premium we have left in the calls. See we still have a lot left We're not even at 50% of the max profit on the call side So it's gonna have to move significantly lower before we make an adjustment to that piece and We're already we're in December, which has 56 days till expiration. So we got a ton of time before we would do anything there Next trade was a rolling adjusting trade in gold forward slash GC and What we did here is price had breached the upside. So we we were simply rolling our puts and With the December options still having 35 days to expiration We simply stayed in December and simply rolled up our untested side, which in this case was our puts So if we take a look at gold, you can see prices still well within our range here Let me spread this out so you can see it You can see prices right here So we're just waiting for some more theta to decay and time to pass and then we'll either roll or close this depending on the situation Next trade was a rolling adjusting trade in the QQQ's So we rolled one set of our short call verticals from November to December at that point We're well over 50% of max profit. So we wanted to roll closer down to price collect some more credit and then as I mentioned We are still holding our other set of short call verticals in the QQs. So let's take a look at where they're at at this point Big move down today, of course two and a half percent down at this point The market still has another hour a little over an hour before it closes So who knows what can happen with the volatility we're seeing but here's one of those short call verticals we're up a little bit on that one and then The other one pretty similar situation we're up a little bit But just holding on to those for that continued short Delta exposure in our portfolio And base specific to short Delta. Let me let me address that With this huge down move that we've been seeing it sucked away a lot of our short Delta I've been getting a lot of questions about this from members and And and you know, I got a couple today even saying, you know, what should we do? Should we add some short Delta and my answer is no And the reason is is because I don't like adding on short positions when the market's down huge, right? I want to I'm gonna wait for a bounce and and there's no there's not there's nothing that says We're gonna get that bounce, but I'd rather wait for a bounce and then start adding in some more short Delta where we're at right now with our overall portfolio is We actually have a little bit of long Delta and we haven't had that in a long time and I'm not gonna lie It makes me feel a little Dirty makes me feel a little naked a little vulnerable not to have that short Delta on But you know with this with this massive move down that we've seen You know, there is a potential that we are a little bit oversold in the short term And if we if we do get a bounce a that's gonna help our portfolio But be it'll give us the opportunity to add on some short Delta Which we like to have so, you know, we as I always say we like to be in that one-to-one to five-to-one range on Our short Delta to theta ratio right now, you know, we have about we have about 300 some dollars in Theta, but we have long Delta of about a hundred dollars We're actually below that one-to-one Where I like to be but I I'm kind of okay with that right now just because we we have seen such a sell-off And we may be a little bit Oversold in the short term now this thing keeps going down heavily, you know, we are gonna we are gonna feel that pain But but there will also be high implied volatility great opportunity to be putting on new positions So I'm not that worried about it at this point and hopefully the market cooperates. We'll see Next trade was another rolling adjusting trade this one in SMH. I already showed that we rolled that from November to December There's only 24 days left in November. So, you know, we once we get down to 21 days We like to be rolled out of those short strangles. So at this point with 24 I didn't want to stay in November and then a few days later roll again So we we simply just rolled that and now we have the the 99 Strike straddle, which I just showed you on the platform Next trade was a rolling adjusting trade in DIA Of course a lot of rolling adjusting trades that are that we're working in our favor So another one here in DIA where we had some short call verticals Well over 50% of max profit on that piece of the trade So we moved our strikes closer to the current price and went ahead and kept that on for that short delta exposure in our portfolio And let's go ahead and look at DIA on the platform So we've got two sets of short call verticals very very similar very close to each other and we're up a little bit with the down move On both of these. So we're just holding these again These were originally part of our iron condor trade And then we've just been rolling them for the last several cycles to keep that short delta exposure that we needed anyway And so we're just holding on to these and and looking for downside more downside to benefit those pieces Next trade was an opening trade in XRT. So IV percentile very high like it is in pretty much everything right now So we're just kind of picking and choosing different symbols To sell more premium and and and remember you don't want to load up just because implied volatility is high You don't want to load up all one day You still want to spread those out over time To get that exposure as price and volatility and expiration continue to move around Excuse me We want to uh, we want to spread that out. So in this case, we uh, chose to add one to XRT because we didn't have a position there So if we take a look at XRT implied volatility has gone up since then So another situation where we're actually down slightly on the trade but still well within our range. So nothing to do here except for weight Next trade was an opening adjusting trade in wheat So we added an iron condor on in wheat in the january cycle I can't believe we're already adding january positions, but that is the case with 58 days to expiration So we've got two different iron condors on in wheat This is the one we just added you can see price is still very centered there and then our other one is Price was way down here almost to a point of adjustment But wheat came ripping back today up over three and a half percent And so we're well back into range up a little bit Could use a little bit more upside and if we do get that we'll book a winner on this piece And we'll still continue to hold our january position and wait for some more decay there as well The next trade was a closing trade in rh. So this is one that we had put on for that short delta exposure It was a long put vertical Price came down nicely. We booked over 50 percent of max profit on that one. So good trade there We did take a little bit of heat In fact, I had some members you know saying hey, should we get out of this? It's going against us and no You got to let the probabilities play out But basically we got in right here. They announced a big stock buyback the price of the price shot up We looked at it as an opportunity to get short to get some short delta exposure in our portfolio It went up for the next three days So we were we were losing money on the trade, but then it rolled over turned around with the rest of the market And came down nicely and we were able to book a book a good profit in that one The next trade was a closing adjusting trade in IWM So this was a short put vertical that had Uh, the price had you know smashed through the break even we took off the untested side And we were just kind of holding it seeing if we got a bounce back Uh, it got way down out of range very low probability of coming back into range And there's still a decent amount of premium left in the option So instead of holding them and letting that decay away, you know, some of that some of that Additional theta we went ahead and just closed it out. It was a long delta piece. We didn't want At that time we're trying to help balance our portfolio So we got rid of some of that long delta that that piece had and then we're still holding This this other iron condor Which is right here so price still well within the range If it continues lower past the break even we'll do the same thing We'll close out the untested side maybe add a new centered iron condor, but for now nothing to do except for weight Next trade was an opening trade in EWW. So again, the next stage is adding some more short premium In this case, we sold a strangle in EWW the mexican etf And so if we look at that again still very centered just waiting for some theta to decay for some time to pass You can see the iv percentile iv rank very high just like it is in a lot of these symbols And and by the way one one other note I want to mention about this is notice that We are in the thick of earnings season, but we have traded No earnings trades And the reason is is when you have high implied volatility in all these different etfs and underlines and you have all these all this opportunity There's really no reason to be trading earnings trades now if you wanted to Place some earning trades. I don't have anything against that But I'm saying for our alerts portfolio and for the capital that we want to use I'd much rather use that money on our core premium selling strategies than I would on earnings trades because they're not as high a probability of trades And so if implied volatility is low, you know, that that's when you'll see us really load up and And do a lot more earnings trades like we have in the past But right now I'd rather use that capital on these higher probability of short short premium plays Next trade was a rolling adjusting trade in the cues So I already went over that on the platform But just another one of these where we rolled from november to december Adjusted our strikes down from 178 183 down to 172 177 Extended duration on that trade and to keep that short delta in our portfolio Next trade was another rolling adjusting trade in di a I did get some questions on this because this is kind of confusing Because we just stayed in the december cycle and we didn't roll out The way that toss displays this order is it says condor Don't pay attention to that just understand what we're really doing We're simply just buying back our strikes here moving them down and staying in the same cycle in this case december So we were at over 50 of max profit So we were just rolling those down closer to price collecting that you know booking that credit And uh and moving on there. So that's what we did on di a And then today on es we had we have for our iron condor trade We had two sets of short call verticals And so with with the big move down today We simply closed this one out. We were over 50 of max profit And so we just went ahead and booked this And then the very next trade the market moved down even more. So we took off our other short call vertical Now this did take away Some of the short delta that we had in our portfolio and now has caused us to have like I mentioned a little bit of long delta But I just figured you know, we've been in this es iron condor for quite a while managing and adjusting And and we were able to get out of it and book a really nice profit So I just I just took the took advantage of this down move And and like I said, if we get a little bit of a rip higher in the market, that's that's really going to benefit us by doing that We'll see what happens, but that's kind of the that's kind of the thought process behind that So so we're completely out of the es iron condor booked a really nice winner. Let's go to the closed trades to I'll show you And if we look here, well, that's not right. That was I need to change that. That was our tlt iron condor Anyway, this was our es iron condor. You can see how long how many adjustments and rolls we were in this for quite a while But by staying mechanical continuing to roll that short delta We booked a profit of over 1600 dollars on the trade And and again, that's just the power of just staying mechanical stick with the program You know up here when that when the market was just grinding higher, you know, these these short delta positions were we're working against this They were a drag on our performance And then when it turned, you know, just it just completely Gave us gave us back all that profit and a lot more. So That is why we do what we do And I'll make sure I get this changed because this was a later alert that I'll go over here in just a second So let's go back to the alerts here And um And so that was that one. So yeah, that was the uh That was the yet the next one was the same thing where we took off that Last short call vertical in the es iron condor trade booked that profit And then the next trade was in spy We haven't been in spy in quite a while and I don't like that because it's the most liquid symbol out there But the reason is is because we had these positions on an es and and Iwm and qqq and all these different related symbols And I don't want to overload in one asset class And so There's just no room for additional short premium in these symbols. But after we got rid of this es With implied volatility continuing to spike today We sold some premium in spy in this case. We did a strangle Now if if you were in an IRA or you wanted to find risk I mentioned you could also do an iron condor and define that risk spy is plenty big of a symbol You get plenty of credit to do so We just chose to do a short strangle So let's take a look at spy And we're still very centered. We just put this one on today. So no profit or loss So we're just waiting for some theta to decay some time to pass there And and and look at this market as we're talking now now the s and p's are down 41 And we've got a little under an hour to go before the market closes Next trade and the last trade was a closing trade in tlt So we had an iron condor on tlt made a nice move up today We booked over 30 of max profit on that trade And I mentioned that you know with implied volatility so high we are going to Look to re-enter that trade Next week either in tlt or we might look at Notes or bonds. I really like trading the notes. They're a good size. They're a little bit bigger than tlt, but they're not as big as Zb, so we'll probably look to sell some premium in the notes Next week. So look for that early next week And then that and so that tlt that was the that was the one I just showed you here that closed trade booked 156 dollars And I'll make sure I change that to tlt because that's incorrect there So those are all the alerts. Let's take a look at some of our other positions Starting with 4 slash 6 b, which is the british pound We've got a short strangle on here where you can see prices right here. No profit or loss We could use a little bit of an up move some more time to pass some more theta 2 to k before we do anything there And then our good friend oil. We've got a short strangle on in oil And you can see prices pretty centered in that trade there. So same thing waiting for some more time to pass Before we do anything there In es I mentioned we got out of our Completely got out of our iron condor trade But we still have our long put vertical Which is right here And You can see we we were up a little bit since we've since we've done anything with this So just holding this for for that short delta exposure in our portfolio. Nothing else to do at this point In gold I mentioned that one natty gas. Okay, so nat gas. We've got two pieces to this trade on The first is this short strangle and this came in nicely today Uh, this has been a little bit of a wild ride But prices come back in the center. We're up some money on this one But just waiting for some more profit before we take that off And then this other piece is an adjusted strangle where you can see prices is right here Could use a little bit more downside before we do anything there And if we get that then we'll look to book that profit Sometime in the near future as well Wheat I already mentioned that one apple So we've got this long put vertical here that we were holding for that short delta You can see prices right here. We've got a little bit of profit there We're actually we're still down on the apple trade because it just it just kept going up and up and up forever And we were we were shorted, but uh starting to make our way back And we could use a little bit more downside and apple to benefit that one DIA I mentioned that eem So we've got two pieces to our eem trade and uh Let's look at this one first. So this is a short strangle. You can see price is still very centered in that one And then we've got this other Adjusted strangle which you can see here. So Could use a little bit of upside movement in eem To benefit that but just waiting for some more theta to decay there and and again just like everything else Eem it's been going down in price and implied volatility is up in its upper range in the 90s So great time to be selling premium there EWW mentioned that one. We've got a short strangle on an EWW Same thing in EWZ. We've got some short premium there price is very centered just waiting for some more time to pass FX I so we've got two butterfly spreads on here This is our Put butterfly you can see we got some profit there But just looking for some more before we take that off and then our call butterfly Is out of range, but we're just seeing if we can get a bounce back there It's helping balance our portfolio with some of that long delta. So Not ready to take that off yet, but just waiting to see what happens there IWM I mentioned that one IYR So this is the real estate ETF. We've got two pieces on here The first is this iron condor kind of a tight iron condor With these strikes a little bit closer to price just to collect enough credit to make it worthwhile Uh, you can see price is dead centered here Nothing nothing to do at this point and then we've got this Short put vertical that was originally part of an iron condor Price came through and breached our breakeven debt to the downside. So we closed out the untested side Now we're just looking for a little bit of upside In IYR to benefit that piece I mentioned the Q's I mentioned smh. I mentioned spy vxx. Okay, so this one Is the strategy that we teach in our vixx course And selling a short call vertical in this case. I mean obviously with stocks going down The price of vxx has spiked higher Putting us in a in a losing position here We're just going to continue to hold this this this could really change very quickly with a contraction and implied volatility The other thing is in the next I didn't want to do it today or this week But in the next week if the price of this continues to go higher Up into this kind of let's say 44ish range, which means stocks are continuing to go lower We will look to add another one on here and and and do another one of these We're not going to let this be a full loser, uh, but we will uh, so we may have to close this out take a loss And move on but we but look for a potential add-on to this Uh to uh to uh Do another short call vertical in vxx xlk We have this long put vertical on that we have on for short delta exposure And price moving down here almost about two and a half percent today So we're close to uh, we'll probably roll this one to continue to keep that short delta We've we've got a nice little profit on this piece. Uh, we're still down a little bit on the trade overall So we'll probably extend duration and it keeps that short delta in our portfolio And then lastly xrt, which I would already went over as well. So Those are all the trades. Those are all the positions. Hope everybody has a great weekend and we'll talk to you next week