 Welcome. In this video, I want to go over how to exit a profitable short strangle. So the symbol that we're looking at is Apple. And yesterday, right before the close, around 230, we put on a short strangle in Apple. And the basis of the trade, it was an earnings trade. Apple announced earnings after the close yesterday. And the basis of an earnings trade with a strangle is we're almost always going to get a contraction, or what we call a volatility crush. Right before earnings, as you can see, volatility has pumped up. And then as soon as the earnings announcement is made, volatility gets crushed. And so when we sell premium, when we sell strangles, that's exactly what we're looking for. We're looking for the price to stay in a relatively narrow range or within the expected move. And if we can get that volatility crush with price staying within range, then we're going to be able to take that trade off for profit. So let's go to the analyze tab and take a look. So here's the strangle that we put on. Apple closed yesterday, right around, I think it was between 118, 119, and had a little bit of a move down. As you can see, Apple's down a little over 2% today. But as long as it stayed above 108.44 and below 126.57, so as long as it stayed between these hash marks, we were going to be able to take a profit on the trade. And with strangles, we always want to take those off with about a 50% of max profit. So our max profit on this trade, if you look at the teal number in the box when I'm hovering here, max profit is about $312. We're at a profit of over 165. So we can go ahead and take that trade off for a profit and overnight profit that we, so we're taking it off in less than a day. And so let's go ahead and do that. So we just right click, shift click, right click, create closing order, buy strangle, and we're going to try to buy it at the mid-price at 74 cents to confirm and send. And we didn't get filled right away. So let's go to the trade tab, right click, cancel, replace. And for the purposes of this video, we'll just kick it up one more penny. We should get paid, we should get exited at 74 cents. And typically I would just leave this order in and wait for it to get filled. But for the video, I'm going to go ahead and kick it up to 75 cents, confirm and send. And we got filled at 75 cents. So if we go back to the analyze tab, now the trade is gone. And you can see the position is zeroed out. Our graph is gone. So we're out of the trade for a nice profit in less than 24 hours. If you'd like to learn more about the different strategies that we use to make consistent returns, come see us at navigationtrading.com. We've got a ton of free resources, including the navigation watch list, which is a list of the most profitable symbols to trade for each type of strategy. We've got the volatility indicator, which you've seen on my charts. You can download this directly to your thinkorswim trading platform. And we've got a free options course called trading options for income, which is a step-by-step guide to get you making consistent trades right away. We look forward to seeing you there.