 What's up navigation traders today is Friday, June 28th. Welcome to this week's video update This is our pro members exclusive update for all your positions and alerts throughout the week Before we jump into the alerts. Just want to make sure everybody is aware. We sent out an email Yesterday about our newest strategy course that's coming out a little bit different format this time If you're in the community, you can just go to events pops up here and Gives you a little bit more information. You can go to navigation trading comm slash weekly income To check that out and to register to save your spot The the goal of this is a couple things, you know Most of our strategy well all of our strategy courses in the past have been you know separate lessons And it takes a really long time to produce these courses I've got several different strategies that I really want to get out to our community But it takes you so much time to create these courses And so I'm using a little bit different format this time Please let me know after after after you watch this if you like this new format for us It makes it a lot less time-consuming to create the course and we can get it out to you all Sooner and then add additional modules as different questions come up So let me know we're gonna do this live on Tuesday July 2nd at 4 p.m. Central time if you're listening to this you are a pro member and And so this will be recorded and put into your members area after we're done and And so let yeah, let me know how you like the new format And if you'd like us to you know continue with this or the old model of all the old Lessons put together first pre-recorded and put out but this Course is all about weekly options, and there's two strategies that I are so powerful I'm so excited to share these with everyone Here's what you'll learn how we routinely make 40% our ROI in less than seven days the top two strategies we use to produce weekly income the three most profitable Symbols we trade for weekly income exact entry exit criteria You know just like we teach our other courses. We don't hold nothing back every step of what we're doing The best way to trade for a small account, you know, so that's important We've got some traders who have large seven-figure accounts, but we've got a lot of traders who have small accounts as well so specific ways to enhance your small account returns and Lastly how to reduce taxes on your trading profits by more than 50% the other thing these two strategies we're teaching these are IRA eligible so you can trade them in a margin account or an IRA Which I know is great for some because there are some folks who are just trading in an IRA and So if you want to register, please go to navigation trading comm slash weekly income or you can click on events here in the community And there's the link right there. So look forward to it on Tuesday. You don't want to miss it. It's gonna be a good one Next I want to go to Who got caught being hot this week's winner goes to Remember who goes by the name of Dominic Chen and Dominic asked some great questions I I mentioned here that you know, I think a lot of people don't ask questions for fear of Thinking the group might think oh, that's a dumb question But the reality is if you're thinking it if you have that question There is a good chance that others have that question as well So it's a great way to join in the community help other traders by creating conversations and that's exactly what Dominic did so Congrats Dominic you got caught being hot and I sent you direct message to pick up some trade hacker swag We've got t-shirts mugs and more stuff to come in the future. So congrats there. Keep up the good work And let's jump into the alerts starting with Monday the 24th Our first trade was a closing adjusting trade in gold So we closed out the put vertical side of our iron condor in GC Price had breached the upper side upper break even very little value left in that put vertical So we closed it out and then the very next trade we added a another iron condor centered in the Same cycle both in August or the one with 31 days to expiration at that time So we just took off the The Untested side on this one and then we added a new centered iron condor at a different price level here So let's take a look at GC here is the remaining call vertical side of of that one that we took off And so we just need we need price to go down to get back into range on that piece And then our other full iron condor here and because it was in the same cycle You see I varied the number of contract so we had two on the other one this new one we added with three Helps us keep it straight, especially if we're in the same cycle and you can see prices still dead centered there We've got a little bit a little bit of profit since we put it on But just waiting for some more time to pass there Okay, let's see next trade Was opening adjusting trade in ZB so we added a short strangle in ZB the bonds out in the September cycle with 60 days to expiration and As I mentioned, you know with with we look at TLT primarily as the indicator for our implied volatility levels to determine if the options are Expensive or cheap, but you can trade ZB ZN is a little bit smaller and then TLT is the ETF so depending on What you want to do any of those are fine And then we so we've got two pieces on in ZB now. We've got our This one that we just put on you can see it's got a little bit of profit here And it's pretty well centered and then we've got the one in the August cycle Which currently has I know tasty works calls it July. So just want to make sure just always go by the days to expiration According to toss August has 28 so that has 56 Toss mate say July and August, but it's the same exact underlying Contracts just just pay attention to the days to expiration. So the August one here with 28 This is the one that we had adjusted into a straddle You can see prices outside the range of that one if we look at just the put just the puts You can see it's we're close to needing to roll those up And if price continues much higher in bonds early next week, we will do that We'll roll up our puts and at this point we've got 28 days to expiration. So by next week, we'll have you know, 25 24 So if we're getting kind of near that 21 days to expiration So if we do roll up those puts, we will also roll that out to September roll the entire spread out to September So that's where we're at in bonds if we take a look at TLT You can see the implied volatility is still nice and high IV percentile at 69 These bonds have just been on a tear to the upside now. We're kind of consolidating sideways So we'll see what happens into next week, you know The Fed came out and said they're planning on not raising interest rates at all in 2019 Which is bullish for bonds and and that's what we saw happen there So we'll see what happens in the next week with the price Next trade rolling adjusting trade in the cues So we've got our two sets of short call verticals that we've been kind of rolling and extending duration holding for that short Delta exposure These price kind of got out of range with the market really rallying kind of got out of range And so we wanted to at least roll one of these out to the next expiration extend that duration keep that short Delta and Get us back to a positive theta position We like to be positive theta as opposed to negative theta and when it gets way out of range That's when you start seeing a little bit of the theta decay go against you So we we kept one of them in July and we rolled one out to August And we will address the other one as we get closer to expiration, but let's take a look at the cues And Go to the analyze tab here. So here's the one that we have not rolled So this is the one still in July where you can see it's well out of range So we need some downside to get back into range, but we've got 21 days Yeah, 21 days in July and remember it's the on the uncovered option strangles straddles that kind of thing if we get down to 21 That's when we want to roll out with the find risk. We'll give it a little bit more time We'll even hold it all the way to expiration week So we've got some time there but we definitely want to get back into range to get back to that positive theta position and then the other piece is the one from the alert that we did roll out and you can see prices kind of hanging out right here made up a Tiny bit since we've done the roll, but again just looking for some downside to benefit both of those trades Next trade opening adjusting trade in SMH So we we took off one of our pieces of SMH last week and now we just added another piece back in so we added a short Strangle out in the August cycle with 52 days and then we're still holding our other piece as well So let's take a look at here's the here's the one prices hanging out right here. This is our adjusted one in August And so we're just waiting for some more time to pass some more theta 2 to K on that one And then here's the one from the alert where you can see prices still fairly centered smooth made a move higher and Options actually expanded the prices went up a little bit So we're down a little bit on the trade, but still well within range. So just holding that one for now Next trade closing trade in XRT So we had a short strangle booked over 50% of max profit on that trade. So we are out of XRT Let's see. I was looking at this earlier. Let me let's just check out where the implied volatility is on XRT Yeah, yeah, it's really contracted. So if we get a little bit of a you know Continuation to the downside that will push implied volatility higher if we get back above that 50 level We'll look to potentially re-enter in XRT, but we are out as of now Next trade another closing trade in CL We're in a short strangle in CL this one went against this right at the beginning that they came back to center and You know, that's why you got to let these probabilities play out. You got to give it time and Booked over 40% of max profit on that trade no adjustments or anything. So we never did adjust We were close to needing to make an adjustment But price came all the way back into center and booked a nice profit on that one So we were out of CL at that point now. We did enter a new position in CL this morning, which I'll get to you in just a second The next trade alert opening adjusting trade in ZW. So we added a We added an iron condor in ZW then a couple alerts later Right here we closed out one so we added one and then we closed out that one We booked 40% of max profit on that one and then this with this one that we opened We're still pretty close to center. Let's take a look at that one. Oh, yeah, I forgot big Yeah, we had a big move down today. So we are not exactly centered but We are you know still well within range here down slightly on the trade Just waiting for price to to stabilize a little bit with in our range to collect that theta Next trade was a closing adjusting trade in IYR so we had rolled our short call vertical from last cycle which is part of an iron condor and Worked out well because price made a nice sharp down move in IYR this week We were well over 50% of max profit on that piece So we went ahead and closed it, but we're still holding an iron condor And then the next trade we added another iron condor price was at the very lower end of our range on this one Excuse me in our other iron condor and so we add it went ahead and added another one So let's go to the platform and take a look at both of those pieces now So we've got two different sets of iron condors one is in July and that's sitting right here Made some we're up a little bit of money on that one, but not enough to take off and then the one in August is Right here. So down slightly on that one I'm just waiting for some more time to pass on that Hopefully we get a little bit of a ping-pong action in price and we can win on both. So we'll see what happens there Next trade that's that closing adjusting trade in ZW I mentioned and then we had a rolling adjusting trade in SMH So I already showed this one, but just to kind of reiterate what we did here. So this one Right here. This was in July. We were well over 50% of max profit on that piece of the trade So we went ahead and just extended duration rolled it out to August and then prices just kind of sitting right here So just waiting for some more time to pass on that one Next trade closing trade in KRE. So we had to make one adjustment on this one We rolled our strangle up into a straddle and then came back to center and we booked a small profit on this after adjustments Ivy who was contracting so You know the other option is we could have rolled this out to extend duration to go for some more profit We opted just to close it for a small profit Ivy percentile at 62 at that time We were looking for a potential a little pop in IV before we re-entered That has not happened yet. Let's take a look You can see we've got it even more of a contraction so we're actually below that 50 level on the IV percentile now if we get a little bit of a continuation back down to the downside Plaid volatility will spike up and we'll look to potentially re-enter on KRE, but for now we are out Lastly we opened a new short strangle in CL oil and Let's take a look at that. We just entered that this morning. So not much movement We are dead centered no profit or loss yet on that one. So just playing the waiting game in Oil so those are all the alerts Let's take a look at some of our other positions the ES up about 12 12 points at this point. We've got this long put vertical that we need to come down back into range We've been holding this one just it's almost as a hedge. It's kind of part of our short Delta exposure Speaking of short Delta exposure We are we're right at about two to one on our short Delta versus our Theta So we're in good. We're in a good spot here not too short But we've got a little bit of short exposure, which is good. So that's where we're at overall I mentioned gold natty gas. So we've still got this Short two pieces of our short strangle that we're trying to work back to profitability Price is hanging out down here on our lower end of our range right at our break even If we look at just the untested side that to calls You can still you can see we still got a decent amount of premium left in those so not looking to roll our calls down yet We've got 28 days to expiration. So Next week well once we get down to under 21 days to expiration We'll look to potentially roll this one out to the next expiration cycle But no action needed at this time and remember on our put side. We've got two puts at the three strike So we're sharing that one So both of them combined look like this and then let's see we already went over bonds went over wheat Apple so we have this long put vertical and apple we put on for some short delta exposure Price has been strong. We need some downside to get back into range here You can see prices just kind of hanging out right here Consolidating the last over this week kind of bouncing around. We need a little bit of downside to get back into range there John dear man, this thing's been strong We put this on, you know, we had this huge push down big drop after earnings And then it rallied in we were looking for a continuation to the downside, but that has not happened continues to the upside So we're still holding on to our John dear vertical spread DIA We've got we've got two pieces on here. We've got a full iron condor You can see prices hanging out still within range here in the upper end of that range And then we've also got this short call vertical from our other previous iron condor Where we need some downside to get back into range there as well FXI so this is one where it's close to it's close to needing an adjustment wanted to give it over the weekend If you look at the untested side, you can see a lot of that premium has been sucked out But if we take a look at what that closing price would look like You know, we've got about six cents. I had an order in at five cents today Never never came down to it. So we're just gonna hold it over the weekend and Hopefully you get a little bit of downside action back into range there You can see the implied volatility is Somewhat low around the 21 level on both the rank and the percentile. So I didn't look to add a new piece to this Centered so we're just managing this one and we will close out the untested side If we need to next week of implied volatility pops, then we might potentially add to this But right now we're just managing as is Goldman Sachs. This is a long put vertical. We actually had a decent profit on here But not enough and we were holding it first of before that short delta exposure and move all the way up out of range here Just recently, you know, we really you know, we came down after we put it on and then just has really rallied so Managing that we'll try to probably get out of this before earnings. We'll see where we're at with everything But as of now we are just holding on to that Intel we've got this adjusted strangle that we rolled we're We are Righted about break even after all adjustments and so just waiting for some more time to pass on this one before we do anything Intel has earnings coming up not until July 25th. So we've got some time between now and then hopefully we get some Some decay in those options and we're able to close that before earnings. I Wm is up strong today We've got an iron condor price kind of hanging out in the upper end of the range here the IV percentile still decent And so we might look to potentially add to this next week depending on where we're at with everything I Y are I mentioned that one McDonald's we put this on as a Long pre earnings long straddle see you can see earnings announcements out on July 26 And you can see prices just been I mean super super steady here consolidating So looking for price to break out one way or another it looks like it's breaking out to the upside so we'll see if that continues and So here's where we're at. We got a little bit of profit here up about 40 bucks But we're looking for about 15 to 20 percent profit on this so if it continues to the upside We can get a few hundred bucks. That's what we're looking for at a Mickey D's I Mentioned the cues. I mentioned SMH SPY. We've got two pieces on here One is this short call vertical spread looking for some downside action to get back into range there And then the other is our full iron condor prices hanging out in the upper end of the range Just looking for a little bit of downside to before we take that one off and lastly XL K our long put vertical just need some downside to get back into range there again in July We've got 21 days to expiration if it goes much higher. We will probably close this or roll it out to August But we will make those updates next week Everybody have a great Weekend remember Tuesday four o'clock central time be there for the weekly income options class Super excited about it. Look forward to seeing you there. Have a great weekend. Talk to you next week