 Hey everyone welcome to this week's video update today's Friday October 30th last trading day of the month Hope everybody had a good October Look forward to a spooky Halloween tomorrow. And of course the election nest week next week, which could be a little spooky as well So looking forward to that Starting with the S&P You know after we had this pullback here. I was really anticipating a bounce Going into the election, you know possibly testing the highs instead this week. We just completely flushed down now that the Unfortunate thing is is when we did pull back here. I started lightening up on some of our short deltas here And it would have paid off really nicely had I had those on this week But here's the cool thing about the methodology that we teach and the methodology that we trade is we still made money this week Even though we are wrong on our assumption So our assumption was this thing was going to go higher But because we still kept short Delta on our P&L our overall netlick our overall P&L still grew this week Even though we're completely wrong. So and that's exactly why we we didn't completely go long We didn't completely take off all our short Delta because the market's going to do what it's going to do regardless of our assumption Regardless of how strong our assumption is the market's going to do what it's going to do. So big flush down this week We did get flushed out of a couple iron ducks. I'll go over that in our alerts First let's look at the day trading for the week So to recap for the week of the 26th here Mighty 90 dug myself a hole down a thousand dollars on that strategy right out of the gate I attribute that directly to me and my trading not necessarily the strategy. I was looking back over my Over my stats and what I've noticed is that I don't trade the mighty 90 very well on Mondays And so I'm gonna be making I'm gonna make sure I'm aware of that going into Mondays from now on and I think it's just you know coming off the weekend kind of out of practice just got to get the juices flowing got to get warmed up and And and start making some better decisions on some better trades I think I'm a little bit anxious on Mondays ready to ready to fire it up and get the get the trades going and and that Is showing that it's actually a negative in my P&L on Mondays But so and if you look at Tuesday positive Wednesday positive Thursday positive Friday positive But based on that initial Monday still down slightly on the mighty 90 trades minus 98 Pairs trades just took two trades plus 98 50 on those and then the runners continue to be an excellent strategy Plus 1449 on the week even though we ended with a couple small red days Thursday and Friday Monday was a real nice winner on the on the runner So and I've noticed that as well You know I start out on the mighty 90s red and then once I kind of get warmed up throughout the morning Kind of get in sync with the markets and was able to get a lot of that back but regardless Let's take a look at our summer here. So for the week total 1449 50 and Total profit since we've been tracking since the end of August now over 21,000 so Continue to do well on the day trading having a lot of fun Next week for the election. So Monday Tuesday will be regular time on Wednesday the day after the election We're gonna have an extended livestream. So we'll we'll jump in there right as the market opens But if especially if there's some fireworks going off if there's some action to be taken advantage of will be Streaming longer into the day on Wednesday, so look forward to that make sure you can join us if at all possible should be a lot of fun All right, let's jump into the alerts for the week starting with Monday on Microsoft. We had a pre earnings long straddle that we put on last week Didn't it moved barely out of range for us to book a profit just a tiny profit there So just kind of bounced around got a little bit of theta a little more theta decay implied volatility didn't expand like we had hoped But still we're able to book a small profit on that trade Next trade for slash GC our gold iron condor We've been managing this for several cycles and closing it out booked a nice profit $607 profit on that trade Natty gas did a rolling adjusting trade. So we're still holding this short strangle in Nat gas Let's go to the platform and take a look at Natty Up a couple percent today can see in some continued strength in that gas So since we rolled it we're down slightly on the trade a few hundred dollars But working our way back to profits a couple more cycles as long as it stays in range We should be profitable on this trade and then we'll consider closing it and potentially Repositioning, but we got a we got to stay in this range for just a little bit longer We should be good to go on Natty gas Next trade Peton so we opened a pre earnings long call in Peloton the first down day in the market Let's go back to the charts real quick Of let's start with the S&P So let's see we put this on what day was that that was on October 27th So on October 27th was this day here. So we had you know two pretty decent down days in a row But if we look at Peton on those same days, it held up really well So I was I was really anticipating a nice bounce in Peloton Unfortunately the force of the market just forced this thing down. So we are down on this trade But we've still got until the fifth is when they announced earnings So still potentially expecting a bounce and that that's before the election So hopefully we can get into a little bit of profit on that trade before we have to close it out Next trade SPX iron duck. So we closed this one out So price this is where we got flushed out of one of our ducks price moved lower below our exit point So we had to close it out. This was set to expire this day Unfortunately, so if market would have held just that day, we would have been able to Score a duck head. Unfortunately, it flushed us out. We had to close it out So that was unfortunate there John Deere did a rolling adjusting trade here. So we've been rolling this trade and keeping that short delta in our portfolio We've taken some heat all the way up and now it's finally starting to roll over Which is why we've continued to keep it on and So prices hanging out right near our break even here on our DE short call vertical Next trade QQQ did a rolling adjusting trade in the cues So we rolled one of our short call verticals in the cues. Let's take a look at that We were over 50% of max profit on that. So we just went ahead and rolled it out to december I can't believe we're already trading the december options But keeping this on for that short delta. So we've got a lot of room to move to benefit that trade SPX so we opened up a new iron duck this one with 21 days to expiration So now we've still got two iron ducks on one with seven and one with 21 So this is the 21 day duck From that alert price is pretty close to where we put it on sitting right here And then our seven day duck is right here And you can see price is in the duck head. So we need it to hold Not push down through the break even hopefully it'll hold here and we can we can hit a duck head To make up for that other one that flushed us out And let me make sure here's that seven days. Yeah, actually five days now. So at that point it was seven But now it's five days to expiration Next trade DIA so closing adjusting trade in here. So here's uh one one set of our short call verticals that push lower We're over 50 of max profits set of rolling this we went ahead and just closed it out and booked that We've still got one of those left in DIA And it's sitting here right pretty close to where we rolled it and that's in november still with 21 days to expiration Next trade amazon this one was fresh, uh Uh, oh no, not this one pre earnings long call vertical. So Uh instead of a pre earnings long call amazon is such a big stock that we just did a call vertical Uh got not the bounce that we had hoped but still we're able to book a profit if we check out a chart of amazon You can see we were uh, we got in here looking for a Looking for a bounce in amazon unfortunately it flushed down But right before earnings it bounced enough We got out right here at the top of this bar and we're able to book a few hundred dollar profits So still profitable, but I was looking for a higher bounce that would have booked, you know, a thousand dollars or more but Still profitable nonetheless on that one Goog opening trade did an earnings iron duck in goog and uh Google was up today almost three and a half percent I was actually up a lot more but came down. So We were still well into the beak It's still showing up here even though Uh markets closed it'll expire. So we booked the beak profit of 85 bucks And then the earnings iron duck in amazon. So this was the really frustrating one. Let's just go to that We had to close that out right before the end of the day Unfortunately, if we take a look at a chart of amazon again Had this huge so after earnings amazon actually had blowout earnings triple the revenue that they saw last quarter Uh, but they gave guidance that um The holiday quarter next quarter may not may be a little bit unpredictable Now whether that's what pushed this down. I don't necessarily believe that but just the overall mark was down huge I mean the the nasdaq was down almost two and a quarter percent to end the day Uh, and we were we were in the duckhead of amazon Almost the entire day it opened up kind of right on the bridge between the beak and the head It was in the head all day all day all day at the end at the end of the day I mean it just kept going kept going kept going. So we ended up having to close it out right near the end of the day I know a lot of our members got out Uh sometime in here sometime during the middle of the day and booked some profit We were not as fortunate and we we held it till quite uh right till the end of the day And so ended up taking a loss on that one. Unfortunately Skipped one over here spx. Oh, yeah weekly double calendar So this is one I I made a uh, I posted in the community on instead of closing on thursday We held it till friday. Uh, ended up taking a loss on this one. We were closing for about a scratch on thursday Um, I was anticipating potentially a bounce today, but obviously that did not happen So we ended up just taking a uh a loss. We closed it out earlier this morning And uh, so we're out of that The other thing I posted is So if we look at spx on the options on the trade tab Uh, the next cycle that we would look have looked to put on a Because I was looking to put on another weekly double calendar yesterday. We would have used these two cycles here And the reason we would have used those is because the applied volatility in the front week is higher than the back week That's higher than that So we didn't do it because a that is election week next week. And so after the election a There's a potential for a massive price swing, right and then two Uh, most likely this, um Uh, we'll get a contraction and implied volatility after the election now Obviously if market starts tanking implied volatility is probably going to spike But regardless that big, uh, price swing potential We are just going to skip doing a weekly double calendar until after the election And once we kind of get a feel for what happens, then we'll we'll start kind of loading up our positions again But we've lightened up our positions our our overall Capital allocation is is much lower than it has been And so that's by intent. We're just kind of lightening that before the election I will still stay mechanical with our current positions Uh, but just didn't want to have have our positions loaded up going in To, uh, such an uncertain event And then the last one was just our google expiration trade. Uh, it expired with that big profit that I mentioned So those are all the alerts. Let's take a look at some of our other positions Starting with es we've got a long put vertical here that we've been holding for short delta Pretty close to where we, uh, rolled it it it pushed higher But then with this week's down move it's come all the way back into range So we got plenty of room to the downside And of course, I like holding a little short delta going into the election for the uncertainty I mentioned natty gas bonds We've got this short strangle that's been adjusted Almost a straddle. It's a 78 178 177 Uh price is hanging out right here. So it could use a little bit of up movement to get back to center in bonds apple Apple had earnings down over five and a half percent today Price coming price was way up here came all the way back almost into range So we're continuing to hold this for that short delta exposure same with de which I mentioned same with dia Google is expiring IWM similar we've got a long put vertical here prices hanging out outside of range Need a little bit of down movement to get back in I mentioned peton qqq. We've got a vertical as well I mentioned that one price just inside the range SMH okay, so this one I wanted to talk about so smh we've got this adjusted strangle We've got 21 days to expiration exactly today on friday So I was looking at potentially rolling this but I'm going to give it over the weekend We'll definitely do something with it on On monday, so we'll either roll or close it before the election to uh kind of Reduce our overall delta and or potentially just close it and then the same thing with xbi This one came down nicely back into range for us This week as well. So we're up about $700 since that this one also is right at 21 days So we will roll or close that one on monday as well And then we've got xlk, which is another short delta vertical prices hanging out just inside the range here And then lastly spy. We've got an iron condor That's getting close. It's about 30 30 of max profit. We'll look to potentially We may close this one out on monday as well Just again lighten lighten our positions, but we'll see what happens. We'll see where everything's at Those are all our var alerts. That's all of our portfolio. If you guys have any questions, let me know Otherwise, we'll catch you on monday. See ya