 What's up everybody? It is Friday June 30th. Welcome to this week's video update. Got some exciting stuff to show you We've got this new members area. We just upgraded our entire site and alerts delivery platform So I really hope you guys like it Want to hear any feedback that you have good bad any suggestions would love to hear from you Let us know so this is a this is what it look like when you get into your when you log in and get into your personal members home page And you're gonna have a couple of different things over here on the left. You've got your welcome There's a welcome video that kind of walks you through your whole members area Vi premium upgrades. So if you want to You know by a specific course and we'll be adding additional stuff here We've got the alerts tab, which will show you our Past alerts. So these are all the alerts going back now From the other platform instead of having to manually copy all of those over I simply put a button down here at the bottom. It says previous alerts So any alerts prior to June 22nd just click on that. This will pop up You can see the date going all the way back to October of 2016 so all the alerts are right here if you need them But but let's just let's jump in to the alerts for this Oh, the other thing I wanted to show you on the on the alerts tab here. We also have our current portfolio So this will show you all the current positions that we have in place right now I know this has been a a request to kind of separate these two. So you get an idea of Here's our here's our current portfolio. We've got our past alerts. I showed you and then closed trays It's another big request that we've gotten So here's all the closed trades. So And they'll show what the total P&L was. So here's a wheat iron condor shows the Open any adjustments the closing all the exact trades copy copy drape directly from the platform total P&L And so you'll you can see those now. I've just just started doing those so just started in the month of June This button is is not not correct. Yes, it's still June But once once we get to the next month, I'll have all of our closed positions in the current month And then all past closed positions I'll have a button so you can direct to to see all past closed alerts, too So you can you can really track what the P&L is and really understand how we're making these trades and why we're Consistently profitable over time. So really hope that's helpful Let's jump into this week's alerts. So if we go to the past alerts tab and We'll start at the beginning of the week your weekly video update will also be posted here And so the first one was on Monday And that was an opening trade in wheat and we sold an iron condor and wheat So if we go to the platform and take a look now since since that alert we've actually We've actually adjusted that and so What we've actually got is Well, this is the this is the most recent alert that we put out today on Friday This is our new iron condor and then our adjusted alert Let's reset that We can pull those up. So we've got the So it breached our upside break even and So we closed out the untested side, which was the put side So we've still got this call side on so we need to move down to benefit that position But again, simultaneously, we put on this new iron condor And I did this with three contracts just to kind of help separate that because we're in the same operate expiration cycle of September so just to Minimize confusion our initial iron condor was two contracts. I did this with three We've got a max profit of 506 25 on this max risk of 993 so still in good position there Next alert we did was in was an adjusting and rolling trade in oil So we've got a couple positions on in oil or we did we had an adjusted one which which ended up being the 45 put in the 46 call that came into center Earlier this week. I think yesterday So we took that off and then we were still holding our other strangle in oil Which is excuse me, it's just this one here So still very centered not enough profit to take you off yet But if we get a little bit of a down move a little bit more contraction in implied volatility in oil We will take that off for a profit as well. If we took a look at IV you can see it's starting to creep down So, you know, we'll probably just take that off once we have enough profit Without adding another adjustment, but that's where we are in oil The the next trade was an opening trade we did a straddle in target And we did this with 23 days to expiration Which is less than that typical 30 days that we like to but we wanted to stay inside of earnings So we didn't we we didn't want to be in a trade that would have that expired in or after Their earnings announcement. So we wanted to beat that. So that's why we shortened up our time frame and with IV percentile at 81 Really nice IV a lot of a lot of juice in those a lot of premium in those options So we wanted to we wanted to get a position on in target So if we take a look at target, you can see implied volatility continues to stay high in there Sold that straddle still very centered not enough profit to take off yet. So we'll continue to monitor that one Next trade was in oil. So that's where we bought our other 4645 adjusted strangle back. So we already we already looked at that Next trade was in SPY. So we got a spike in implied volatility where it jumped up to 56 at one point. I think it was as high as 60. I saw it but we got in when I view percentiles at 56 sold an iron condor in SPY So man, is it nice to have some implied volatility back? We can get a continuation down in this market. We'll see some more IV give us a lot more opportunity to put on positions But anyway, we've got a got this iron condor here in SPY still very centered nothing to do there yet and Then our next trade was the adjusting trade in wheat that I already went over breached our upside breached our upside break even so we close our put side and then we added this additional iron condor So those were all the alerts for the week. Let's go back and take a look at some of our other current positions Move this down so we can see a little bit better So we've got our let's go to just the alerts here So we've got oil we've got we've got this position on in ES which is simply just a Put vertical and so we put this on strictly as a directional play last week And it's working out so far up about 180 190 bucks on this position so far But we really put this on purely as a directional play to add short Delta add a little bit of a short bias to our overall portfolio So we'll continue to monitor that and look for a little bit more downside before we would take that off in corn We've got a an iron condor in here. You can see prices kind of still well within our range And then we've got our other adjusted part of the other iron condor just the put side And you can see corn is just recently made a big move up here So we'll look to take this off early next week. This is in the August cycle Which just has 21 days to expiration our full iron condor has 56 days. So but this Originally came down breached our our breakeven point here So we took off the untested side now prices rally back up and we could take this off here I'm gonna look for a little bit more profit if we don't get it. I may take it off later today or potentially And early next week, but but we'll continue to monitor corn Soybeans we also have this iron condor in soybeans We need a little bit of a move up before we bank the profit in soybeans. We've got a butterfly in Costco This is pretty close to getting taken off Total risk on this was 622. So we want about a 20% profit 20 25 percent So we're almost there. Hopefully early next week if we can get some more Contraction in Ivy and Costco will be able to book that profit on that butterfly DIA we had an iron condor in in DIA Took that Took the put side off because it breached our upside breakeven now I'm just looking for a little bit of a down move to get out of the diamonds for a profit Microsoft working nicely not quite enough profit yet here I'd like to get about $200 profit about 50% of max profit if I don't get that early next week You know, we've only got now in the July. We've only got we've got 21 days Typically if it was an ETF or a future with 21 days to expiration, we would roll that out to August, but the problem is Microsoft has earnings when is that exactly on 720 so in 20 days from now so the options actually The earnings announcement is before the options expire. So we're gonna get out of this probably sometime next week Just just wait for a little bit more profit in Microsoft Then the cues we've also got this strangle in the cues What applied volatility obviously spiked up when we had this big down move and Continuation of down moves in the Nasdaq it continues to be the weakest link of the of all the indices although today It's up a little bit more Respectively than the others, but it but over the last couple weeks It's definitely been the weakest and as you can see implied volatility is much higher You know the percentiles at the 96 percentile So if we get a if we get more of a move Down, you know, we'll look to add another position on here or adjust as needed But we'll continue to monitor that and then in our ut we've still got this calendar So looking for an expansion and a little bit of a down move Expansion in IV and a down move in price in rut and we will look to get out of that or adjust as needed So hope that was helpful again. Give me some feedback on the new platform on the new site. Hope you guys like it We've got some new technology new courses a bunch of new stuff rolling out And this was kind of the first step to to getting that ready to go. So all guns moving forward now and You guys have a great weekend We will not be doing a Facebook live the navigation trading live event that we stream on Facebook and YouTube we will not be doing that on Monday morning due to the holiday Hope everybody gets to take a nice long high holiday relax Have some fun with the friends and family and we'll see you back here next week. Talk to you soon