 Hey everyone welcome to this weekend's video update. I'm actually recording this on the morning of Saturday January 16th. Hope everybody had a great week of trading. Let's take a look quick look at the markets and then we'll jump into the alerts. So just take a look at the S&P. Obviously on Friday we had a kind of a late day sell-off S&P ES ended up down 45 on the day. So pretty decent size down day but if you look at it in perspective I mean we're still just barely under all-time highs. Now at some point one of these red days is going to turn into more of a decline but there's certainly nothing that says that here. I'm still very bullish in the market overall. And think about this. I mean if you look at the market historically I mean we just had this massive drop back in March of last year. I mean these drops they don't happen that often so I'm really not anticipating certainly anything like that. You know I think we'll have some five maybe even 10% corrections along the way but I think we're going to continue to march higher over the next period of time. And in the short term I'm still very bullish as well. So we're still not looking to load up on any short delta plays. We've got a little bit less than one to one on a ratio of short delta versus theta when we beta weight it to spy. So we still have a little bit of short delta so we certainly benefited from these last couple days of down movement. But we're certainly not going to load the boat yet and we want to see a real extension higher before we really start doing that. Now that doesn't mean we won't take some bearish plays here and there but as far as just kind of portfolio delta and adding short delta specifically for that reason we're going to kind of stay in this around one to one range on our ratio until we see something that that signifies otherwise. You know it may be a down move and then a bounce. It may be just a full extension higher but obviously we'll keep you guys posted in the community as we as we see the market unfold. Real quick before we jump into the alerts I also want to just give you a quick update on our day trading. So had another great week this week plus four thousand six hundred ninety eight dollars on our on our day trading. That's the best week that we've had going all the way back to November excuse me September 14th where we booked over seven thousand five thousand four that we just caught some massive runners over that two week period. But really good week both on the mighty 90 side plus 1729 didn't do any pairs trades and then on the runner side just under three thousand. So we made a little tweak to our runner strategy or I shouldn't say that we we've we added kind of a setup to to a type of runner that we're trading. So we've really got three different kind of chart setups that we look at that we look for when we enter into a runner. And so there's really just two and we started trading another one this week and it's really working out well. So we'll be posting coming up but January 28th mark your calendars four p.m. central time. We will be doing the official runners class and they'll be a live class and then it will of course be edited and broken up into sections and put into your pro membership master course. So we'll look forward to that. So mark your calendars we'll be posting more details about saving your spot and getting signed up for that. So excited to share that with you all. All right let's jump into the alerts starting with Monday we did an opening trade in Tesla. This was an iron duck that we put on and Tesla did this one with 11 days to expiration. So if we take a look at Tesla this one expires next Friday. Tesla obviously been just on a rampaging move just had a little bit of a consolidation this week and like the rest of the market sold off on Friday. But we're still in our beak area of our Tesla ducks we got a lot of room to the downside. If this thing does break down a little bit which we hope it does we've got a max profit of 639 on our Tesla duck. Next trade IWM this is a rolling adjusting trade so this one was still in January we went ahead and rolled it out to February adjusted our strikes keeping this position for that short delta exposure I talked about earlier so this is one of the positions that we have for that short delta it's pretty close to where we put it on just inside the range here so we got a lot of room to the downside if this thing does turn downwards. XLK same thing rolled this from Jan to Feb this is also a long put vertical that we've been carrying in XLK for that short delta exposure. So if you take a look at XLK it actually moved down since we put this on this we're up about almost a little over $190 since we did that adjustment based on the based on the down move in XLK and XLK moves pretty similar to the Q's to the NASDAQ it's a tech ETF. Next trade opening trade in Facebook this is a long call diagonal so what we're doing with this one we're taking the same concept that we teach in our earnings course about kind of momentum into earnings with some of these big tech stocks or not just tech stocks but a lot of stocks have this tendency to kind of build momentum to the upside going into their earnings announcement and so this is kind of what we what we teach in our earnings course about the pre earnings long call in this case instead of just using a call we used a call diagonal and if you're not familiar with diagonals we we just uploaded a couple new lessons in our directional strategies class one is called long call diagonals and one is called long put diagonals so the long call diagonals are obviously bullish the long put diagonals bearish so if you are uh need a little more information on those we've just added those lessons to that directional strategy class in this case we did this with 18 in the front week so that front week we're using the expiration cycle that Facebook announces their earnings in and then the back week is just the next cycle out and with this we're targeting you know 100 to 200 percent of that debit paid which would you know return on capital and when we put this on immediately Facebook continued to go lower so we're we're down a little bit on the trade now it had an even with the market down today though or friday uh facebook was up over two percent so a really nice rebound here we are considering uh adding to this uh as as facebook came down a little bit now we don't we don't promote you know averaging into positions and don't just keep buying positions if if something's going against you but you know putting on a small position and then adding another one there's there's no issue with that you can see this is where earnings is here on the uh on the 27th and so we're anticipating a bounce a little bit of momentum into earnings so we put this on back here we've had a little bit of downside since then bounced up today so we'll see if we can get a rally into that earnings announcement and you can see the debit paid on this we did two contracts it's only 356 dollars at risk so we've had a couple questions in the community about you know hey we're we're down on this we're down about 50 percent of what we paid for it you know should we adjust should we is there anything we can do and the answer is no on this i mean we're we're taking these positions so small for one uh that we're just we're willing to risk that debit paid for the trade so in this case you know if this thing just tanks lower we're risking 356 dollars and we're just gonna accept that as our max risk and then on the upside obviously we're a little bit ways ways away now but if we move this calendar through time to the 27th which is when they announce you know if facebook does make a push higher i mean let's say just it made a push higher here i mean we could you know we could reasonably book 600 on this trade on a 356 dollar uh buying power so really solid risk reward scenarios if it does move in your favor and so that is the design of this intent so now that you know the expected move is is down here so you got to reasonably think if price stays inside the expected move by the time it gets to earning so you might you might say okay right there but we still have a reasonable chance to book you know three four you know maybe a little over four hundred dollars on this trade even if it stays inside the expected move which is still over a hundred percent return on capital on this trade so that's what we're looking for if price does kind of chop around we may look to add another one just to see if if we can you know make up some of what we're down right now but or we may just hold it we'll see what we'll see what price action does into next week and and obviously send out an alert if we decide to add to this one next trade opening trade in baba so we did a vertigo in baba and let's take a look at a chart of baba we already took it off so we just we only had it on for a couple days but here's a here's a chart of baba and you know after you know they announced that chinese the chinese government was kind of probing into a potential monopoly of baba uh the stock tanked and then it's just been kind of chopping and bouncing and grinding and and we put this on uh back here on this day the vertigo and it popped so we were only in it a couple days and and went ahead and just booked that profit on that baba vertigo so nice trade there next trade qqq so this was another one of our short delta positions that we still had in january just rolled that out to feb so if we take a look at the cues this is a short call vertical this was originally an iron condor we've been just rolling the call side just to keep that short delta we're up about 180 dollars since we did that roll so as prices moved down we've we've gained some uh and still got a lot of room to the downside if uh if things do move lower next trade closing trade in spx so we had an iron duck on this one and this this didn't this had about a week to expire but price moved higher up the beak so we just closed it out booked beak profit on the trade because there's very little chance of it getting back to our duck head so just closed it out for uh for a big profit next trade unh we did a long call diagonal so very similar to what we did in facebook uh unh has earnings on 120 before market so we want to be out of this thing on the 19th which is tuesday remember market is closed on monday for martin luther king day so tuesday is the first trading day of the week and so we will be closing this out on tuesday and so very similar concept to what i just talked about in facebook uh it's it's a diagonal spread so if we get a we get a push up into anticipation of earnings we should book a profit we're down 55 bucks right now so not uh not a big deal but looking for a potential bounce now we're going to have to catch that bounce on tuesday as we're getting closer we uh this had this big push up and just this little pullback so we got we got long right in here and we were hoping for bounce and earnings did come down on us a little bit but we could still get a little bounce we'll see what happens on tuesday but we want to be out of these before earnings just because of the the applied volatility crush now if you look at implied volatility going into earnings this is pretty nuts it's just it's so so low uh compared to what it normally would be uh you know usually usually get that expansion into earnings and then that ivy crush but we're already super low and it's going to get crushed even more unless some absolutely crazy happens uh over the earnings announcement so applied volatility is going to be next to zero uh or the ivy percentile ivy rank will be pretty much zero after the earnings announcement uh so we don't want to hold that because it does have that calendarized effect and so uh we want to we'll be out of this on tuesday spy closing trades we did a vertigo in spy as well uh price moved out of that death valley as we call it and so we just booked a small profit the the p&l uh the line was you know if you look at it on the analyze graph it was starting really sag so if we got any any much of a down movement we would have taken a loss which in this case you know obviously as i as i showed you the market did go down at the end of the week and so this was a good good exit booked a small profit and uh and got out of the trade spx weekly double calendar we closed out this booked almost 40 percent profit so really nice trade almost 400 on that weekly double calendar we didn't add another one i was waiting until uh thursday or friday i was looking at thursday and then i was i was gonna wait till friday then we had that big down move so we didn't i didn't add one on a down day but we'll uh you know if we get a if we get a little bounce a little implied volatility contraction on tuesday i will look to add another weekly double calendar but right now we closed that out booked a profit we don't have another one on at this point spy vertigo so we added another vertigo in this case uh targeting about 200 bucks on the trade staying pretty small we had five contracts and spy on this one so let's take a look at spy so uh you can see prices hanging out right here uh we we did move have a nice move out of range now right now that the the pnl is kind of sagging so we're actually down on the trade even though we're out of that range so if we can see some more downside we'll benefit now if it does move up back in a range where you know we could we could take a loss on this trade this uh this pnl these things are a little bit tricky because the way that that implied volatility affects them so you can see how that that pnl that pnl sag uh happened it doesn't always happen that quickly in fact sometimes it stays above your your break even it stays in positive pnl territory until really close to expiration in this case it dipped pretty quick based on the based on how ivy affected it but still okay i mean if you know if we get a little bit of down movement into early next week we'll take this off and book a profit if not we could take a loss if it does move higher and not high enough and so we will we'll manage this and we'll continue to add these as we see opportunities next trade apple long put verticals so this is one of our another one of our short delta plays that was still in january obviously these uh options expired this week so we needed to roll them out rolled from jan to feb kept that short delta in our portfolio so if we look at apple apple on friday down uh a little over one percent so up about 60 cents since that adjustment with a lot of room to the downside next trade closing trade in baba so here's that vertigo in baba that i just mentioned we closed booked a profit there spx iron duck so our last trade of the week was a a new iron duck and spx so after we had that down move in the market we added a duck when implied volatility was popping and so it's going to be pretty close to where we put it on here prices hanging out right here in the beak so we got a lot of room to the downside if this thing does keep coming down potentially book max profit if it rips higher we've got a beak profit of $150 per contract on this one so those are all the alerts let's take a look at some of our other positions another short delta position a long put vertical in uh es now don't pay attention to this p&l line because uh the market's closed and it's it's going to be off especially on futures but uh prices hanging out right here well within range we're up we're up some some money on this we won't be able to tell till the market opens back up but uh we're in good shape on that one natty gas we've got this short strangle that we've been adjusting we're up about 740 dollars since we rolled this last uh if this one stays in range and we can i can't remember exactly what we need to get back to profits but we could easily get back to profits on this strategy on this trade that we've been adjusting and rolling for several cycles assuming doesn't blow out of our range in one direction or another uh so we've got how many days do we have left here we've got we've got 38 days so obviously when we start getting down to around 21 days is when we start to either consider closing or rolling so we've got some time here uh so we'll see if natty gas stays in our range it has had some wild swings uh but um bounced right back up to near center so if we can chop around here or just you know kind of stay in a decent size range we should be able to book that one uh at the end of this cycle bonds finally a nice move for us this week as well it's been on a pretty downhill slide but kind of bounce up this week and so we are we're still right on the edge of of where we need to be we need we need a little bit more upside but if you look at the uh if you look at the untested side which is the call still got a little bit of premium in there so we haven't we haven't rolled our calls down yet but if uh if price does continue lower we'll we'll just go ahead and roll our calls down and we've got some time on this one too we've got 34 days to expiration so we would stay in that same cycle uh but that's the plan on bonds mentioned apple uh baba we do have an uh in addition to that vertigo we had also have a uh that we the vertigo that we close we also have this iron condor price is hanging out right here well within range just waiting for some time to pass and theta 2 decay that's in feb uh by do we also have an iron condor now this one has I mean implied volatility just kept spiking after we put this on so even though we are well in range we were actually earlier this week we were down money on this trade because the p&l was you know down here because implied volatility increasing uh but it's contracted a bit so we're up about 70 bucks on this trade now looking for about 30 to 40 percent of that max profit 30 to 40 percent of the 552 max profit uh john deere finally getting a little downside for us down about two and a half percent on friday so we're up about 60 bucks on this one since our last roll di a another short delta uh hanging out right here on the break even of that one so we've got a lot of room to the downside if this thing does turn uh but we're not going to you know we've got positions and we're not going to get killed if it if it keeps going up either facebook uh i mentioned that one IWM another short delta play hanging out near the break even QQQ's i mentioned smh we've got this short strangle uh it's hanging out right near the the short strike right near the short call uh so we need a little bit of downside in smh to get back to center uh spx i believe i mentioned we've got that iron duck yeah uh spy i mentioned we've got that vertigo uh tesla we've got this iron duck uh unh i mentioned and excel k i mentioned as well so those are all the trades those are all the alerts everybody have a fantastic rest of your weekend uh long weekend off on monday so we'll see you back at it on tuesday and we'll be live streaming for you day traders uh we will be using zoom but the we'll be posting the zoom link in discord uh you'll see it there in the in the live stream channel so look forward to that everybody have a good weekend talk to you soon