 Welcome everyone to this week's video update. Today is actually Sunday, January 15th, so this video is going out a couple days later than than typical. Typically like to get these out on on Friday, but let's go ahead and jump in and start with the trades in order that we made them. So starting on Monday, January 9th, the first alert that I sent out was an adjusting trade in natural gas and we were simply rolling down the calls. So natural gas has started to move, make a significant move down. So we simply rolled our calls from the 4.6 calls down to the 3.4. So if we take a look at natural gas, you can see this, you know, we had a pretty significant move up, but then it moved pretty pretty quickly down on us. So we rolled our calls down. So now if we take a look at the analyze tab, here's here's the graphic of what our position looks like. So still very centered, just waiting for this theta to decay and give us some more, you know, keeping the same range and give us more time to be right on the trade. We also have another trade that I'll go over actually in a second because it was a new alert on an iron condor that we sent out, but let's wait till we get to that one. The next trade we made was an EWDate, E-W-W. This was an opening trade. We sold a strangle. IV was nice and high, at IV percentile was at 65. So if we take a look at E-W-W, we're still going to be fairly centered on this one. We're in the profit, but not enough to take that off yet. So we'll continue to wait and maybe take that off early next week if we get a contraction in IV. Let's go to the next trade here and the next one would be a closing trade that we did in Lululemon. So this was an iron condor that we put on a couple weeks ago. It had a nice contraction in Lululemon in the IV giving us a chance to take that off. So if we take a look at Lululemon, as you can see on the Analyze tab, there's no graph because we took the trade off, but if we take a look at what happened here, just that nice little contraction that day right there in Lululemon gave us the ability to take that off for a nice profit. So that was a good trade. Next trade alert that went out was a closing trade in IWM, kind of the same story. This was an iron condor that we had put on 11 days previously. Got a nice contraction down to 39 in IV percentile. So we were able to take that off for a nice profit within just 11 days. So we take a look at IWM. Just this little contraction right here. Sometimes that's all it takes to really suck the premium out of those trades and give us the ability to make a profit. So good quick trade there. Next alert that went out was a, we put on a calendar trade. We opened a trade in GLD. So the IV percentile was at 6. And so remember with calendar trades, we are looking to profit from that if we get an expansion in implied volatility. So we want to put those on when IV is extremely low and look for an expansion. So if we take a look at GLD, which is the ETF for gold, you can see implied volatility is still extremely low, which is the best time to be putting on these calendars. So if we take a look, you can see it's still very centered. We're in the profit a little bit on that trade, but we'll just continue to wait and look for a little bit more of an expansion in IV, potentially a small down move. We'll be able to get out of that at a nice profit. Next trade was a closing trade in Goldman Sachs. So this was an iron condor that we put on and really the price was hovering at the top side of our iron condor for several weeks because of the continued move up in Goldman Sachs, but we were able to get a small move down in price and implied volatility stayed level. So we were able to take that off for a nice 40% of max profit, which is kind of the standard of what we're looking for when we're taking profits in with iron condor. So you can see we put this on way back here, and it's just continued to kind of grind sideways to slightly higher. Implied volatility gives a tiny contraction there, and that's where we got out. The other thing is, if you look right here, this indicates that we've got earnings coming up in Goldman Sachs next week. So we definitely wanted to be out of the trade by then anyway. So even if we wouldn't have been at 40% of max profit, I would have gotten out of that trade before the earnings announcements because we don't want to be in this type of trade while companies announce earnings because the moves a lot of times can be significant. There are other earnings trading strategies that we will be producing a course on at a later date, but for these monthly income trades, we really want to work around earnings and be out of the trade when the companies make those announcements. Next trade was a closing trade in SPX. So this was a calendar that we had to make three adjustments on. We were able to get out of the trade for basically break even just a small loser. I think we lost like $20 on the entire trade. But SPX continued to move higher. This is the S&P 500 index and moved higher sideways. I tried to get out for a nice profit here on this down move. Didn't have enough profit. So we waited, continued to move a little bit higher. Ended up getting out of the trade though for a break even after being a pretty significant loser right off the bat. We put the trade on initially right here. Next day had an explosive move up. So we had to add another calendar and we could just continue to massage and manage and adjust it again and we're able to get out that at a break even. So remember that's kind of the name of the game. When you get into a defensive mode and you have to start making a lot of adjustments, really you're just trying to get break even. And so if you can make a nice profit on your winning trades and break even on the ones that go against you, then you're going to be consistently profitable over time. Next trade was a closing trade in XLU. So this was a straddle. This was originally a strangle that we adjusted and rolled then from January to February. The adjustments allowed us more time to be right on the trade and we were able to get out of that for a nice profit. So another great example of making the adjustments, giving yourself more time to be right. You can see we had this nice decline of implied volatility, price stayed steady and we were able to bank that profit in XLU. Next trade was in QQQ. So in the Nasdaq, this was an opening trade. So we added another calendar, IV percentile currently around 15. I like to do these when IV is under 10, but this was just a good candidate and it's a good trading vehicle for calendar. So if you look at QQQ, still very low. If we look at the Analyze tab in the profit on this trade, not enough to take it off though. So we'll continue to wait in QQQ. And then next trade was a closing trade in oil. So this was a really neat example where we had actually put this trade on a couple of expiration cycles ago. IV is currently at 6, so IV is contracted considerably. We had to adjust this position four times and this is a great example. We were able to bank a small profit by simply staying mechanical, making the adjustments that we needed and getting out of the trade this week. So if we take a look at oil, we had this significant move higher. So we had to roll our puts up. We had to roll our puts up again. We went inverted. Then we had to take the whole position and roll it out to the next expiration cycle. Then we got just kind of a flat line move for a little bit and then on that down move, we were able to finally get out of the position at a nice profit all along the way. From when we first started, we added a couple other strangles, got out of those for nice profits. So overall a really good trade. Sometimes it just takes a couple months to manage and tweak and get out of the trade for profit, but it paid off and that's why you got to stay mechanical. Next trade was an opening adjusting trade in TLT. So the bond implied volatility continues to stay high, making it one of the few good trading vehicles with high implied volatility. So if you look at TLT and actually it contracted this week, this past week, finally after staying considerably high for quite a while. So if we look at TLT, so here is the first iron condor that we had on. We did this with four contracts. You can see prices over here on the upper side. We're in the profit, but not enough to take it off yet. So we'll continue to wait on that. And the trade that I just mentioned, the one that we just put on, we did this because we wanted to kind of extend that break even. So we extended our break evens up to the upsides. Now we've got two separate iron condors on, one for four contracts, one for five. And sometimes I'll do that. I'll just vary the number of contracts just to make it easier to keep track of right here on your Analyze tab so you can click on and off the different positions without having to do too much thinking or research. So we've got two iron condors on. Continue to wait. If implied volatility continues to contract, should be able to take at least one or maybe both of these off for a profit this week, this upcoming week. Next trade and our last trade for the week was closing trade in soybeans. So we closed the remaining put side of this iron condor off. We made the we made adjustment number one last week by closing out the call side. And let me go to the platform to take a look at what I'm what I'm showing you here. So with soybeans continuing to move down, we ended up taking off our call side for a full profit. And then we just had a we had our losing side that we that we kept on, which was the put side. And then we kept it on kept it on kept it on. It was kind of still break even to a losing trade. And then we had the significant spike up in price. And we were able to take off that put side for for big profit. So we ended up having a really good profit on on the soybean trade. And then we've got another iron condor that we put on that we're in a nice profit right here. Now the markets closed. So that's a little bit more of a profit than we actually have in the trade. Once the once the market's open and and readjust the pricing, it's not going to be that high. In other words, it's not that high of a percentage of max profit. But we'll continue to manage this and send out alerts next week. Let's go through and take a look at a couple other positions that we still have on. One is in natural gas. I mentioned the the adjusted strangle we have on. But we've also got an iron condor on. I had a couple members, you know, mentioned, hey, I'm not approved for futures and you're sending out these futures alerts. And I understand it. And one thing to do is either get approved for futures so you can take these trades or if you're an IRA or something, obviously you're not going to be able to take these these futures based trades. But a lot of subscribers have futures permission. So I'm still going to continue to send out these alerts because these futures are good trading vehicles. But I'll try to do a really good mix of both stocks and ETFs and futures to make sure everybody has a chance to to get the trades put on. So this natural gas iron condor is still very centered. Nothing to do there but wait in bonds. Let's see we've got we've got an iron condor and bonds. So we'll we'll look to potentially take that off for profits still very centered. So assuming it doesn't make a massive move, we'll take that off for a nice profit potentially next week. FXC we've still got this butterfly on so still it's pushing up towards the right hand side. If it continues to move higher, we will probably add another butterfly on or if it moves back centered, we should be able to take that off for a nice profit this week. FXY still very centered on this strangle. We're in the profit but not enough to bank it yet. So we'll continue to monitor that. GDX same story strangle. We're in the profit just not enough to take it off quite yet. So we'll continue to send out alerts when we bank those profits or need to make any adjustments. GLD I already mentioned the calendar spread that we have on. We also have another let me reset this so I can so I can check the boxes. Sometimes you have to do that with the platform. So that was the calendar and then if you take a look we still have this this vertical on because we had an iron condor. The price of gold has continued to move higher during this stretch and so we need a little bit of a pullback and then we will exit this vertical for you know maybe depending on how much it pulls back. Now this is in the January cycle so if you look at how many days we have left we've we've only got five days left so I'm gonna be a I'm gonna be taking this off probably Monday or Tuesday regardless of what happens. Hopefully we get a little bit moved down if not we'll take that off. Remember we already banked a full profit on the put side but now we're gonna take a loss on the call side and typically with these I will add another iron condor on to collect more credit but remember look at look at the IV and gold it's so low that I'm not gonna put on a premium selling strategy at this point in in GLD and that's one of the reasons I put on the calendar because IV is so low so we're gonna take a little bit of a loss on that trade but that's just part of trading. What else do we got here XLF oh yeah XLF so we've got in XLF we've got this strangle that we hit adjusted and so we're we're and then we rolled it from January to February so we're a little bit in the profit there we needed to move a little bit down to take that off for profit as an adjustment we added to collect more credit we added another straddle which is also in the profit so if you add these two together you can see we we've we're kind of centered we've got a nice wide break even range so we'll continue to monitor those we'll manage those as two separate trades but you can also look at it as one to just to just to get an idea of what your range is for the underlying price so already went over XLU we exited that so that wraps it up those are the trades that we made from last week and the current positions that we have on look for some more good trades this week and we'll talk to you next week see then