 What's up everybody it is Friday July 21st. Hope everybody had a great week of trading Before we jump into the alerts. Just want to make sure you guys are up to speed on what we going got going on over here If you haven't seen we've got our new ebook released and it is awesome And that's not me pat myself on the back We had a lot of people working on this and I think it's gonna be an awesome awesome thing for for you guys especially for newer traders But if you want to check it out it you can just go to the website or if you're in your members area Just got a premium upgrades and you can click on it right here And that'll take you to the description page and all the stuff that's in it It's got 19 bulletproof strategies is trade in any market And it really the way that I envision this as is as a guide and I'll show you inside just here in a second It's only 49 bucks. We put a ton of time a ton of effort in this worth way more than that But what we want to make sure it's affordable especially for newer traders So you can get it for $49 by itself or if you buy any of our premium courses You can get it for free. So if you don't have any of the Strategy courses any of these here and you buy want to buy one of those You can do that and we will include the ebook for free And by the way, I'll give you a discount code as well. Just type in course 50 When you check out and that's going to get you 50% off So not only to get 50% off the course, but you get the ebook for free Check it out if you're interested and so let's go back to the Let's see where was I here Let's go back to the members area And so that'll just show up in your members area here like I have it You know, I've got all the stuff in my members area Obviously what you've purchased will show up there as well, but if you just click here on the ebook download it Show you a couple things. So there's just all kinds just a full guide The way that I envision this is just being able to print it off Set it on your desk while you're trading and or be able to refer back to it for anything that you can possibly think of so Like if you're trading an iron condor, for example, you can you can go to the iron condor page and Boom, there it is. It's a neutral strategy. You want to do with implied volatility is high 30 to 60 days to expirations when you enter looking for a profit target of 30 to 50 percent of max profit Downsides defined upsides defined initial probability of profit 60 percent Obviously, you know as we manage these will we actually win on these about 80 85 percent of the time Shows you did it shows you the delta to sell for the short put and the long put You can do it in an IRA time decay or say that positively impacts this position So just just a quick snapshot guide to help you with your trading So hope you like it any feedback you have is always much appreciated as well So back to the alerts, let's check that out. Oh one more thing We also have the newest course winning options strategies for any market, which is all about directional trading so again, if you're in the premium if you're in the member section premium upgrades just go to Scroll down to winning option strategies for any market enroll now And for some reason it's down so can't show that right now We'll make sure that's up and going but all right, so let's jump into the alerts for the week That's some good trades took off some winners first trade. We made was an opening trade in GLD Ivy percentile continues to stay low in GLD and in fact today we actually on Friday We actually added another calendar So if we go to the platform and take a look at GLD You can see applied volatility very low IV percentiles at 12, which has actually popped up a little bit today It was much lower earlier And we've got a double calendar on now, so we've got the 117 Put calendar and we've got the 119 Call calendar, so that's what it looks like got a nice Wide range for this to move around in looking for a spike in implied volatility to help benefit that position Next trade was in XRT and that was a closing trade So we closed that strangle out booked almost 40% of max profit in about 11 days And implied volatility dropped to 23 so We take a look at XRT You can see we got in when implied volatility is nice and high and then boom the bottom fell out and Gave us that nice contraction and the ability to book a quick profit in 11 days in XRT. So good trade there next trade was a Rolling trade in DIA, so we had that vertical. It was originally an iron condor We we let go of the put side because it breached our our upside break even We're still holding that that call vertical and the reason we we rolled this is because We wanted to keep that short delta in our portfolio And so we we rolled it and we also needed to change the strikes to make it make sense So and I mentioned Typically we like to collect a credit when we roll like this However, it made sense to roll this position to keep that short delta in our portfolio So we're not getting too too overweight into the upside And we want to end in having that short bias for that protection that we always talk about So if we take a look at DIA Markets down a little bit today finally getting a little bit of a downtick But we so we're in the profit there But again, we're holding this for the for the short delta that it provides a little bit of a protection in our portfolio So we'll look to take this off, you know, if it if it gets to 50 plus percent of that max profit Next trade was a another rolling trade in kind of a similar situation. We had on an ES or an S&P futures vertical as well a long put vertical and we rolled that From from July and instead of rolling it to August with only 28 days to expiration We roll it all the way to September because there's 58 days to expiration And staying in that kind of 30 to 60 days is what I was looking for and Again, this is this is to help keep some of that short delta that short bias in our portfolio Now I know the market has been incredibly strong and holding this short delta is Is a little bit of a lag on our portfolio But trust me you want to keep that on when you're selling premium for that protection because that velocity to the Downside is much quicker than then than the way the market goes up. Okay Opening trade in the QQQs so applied volatility pop back up in the Qs So we sold a strangle here see implied volatility right at the 50 level. I think it was like it 54 something like 53 when we put it on And so we're still very centered no profit or loss at this point, so we'll continue to watch QQs Next trade in GLD I already mentioned that that's where we added that second call calendar so that we have a double calendar on and lastly today we had a closing trade in CL in the oil futures, so we booked over 30% of max profit in just 10 days I'd be contracted down to the IV percentile contracted down to the 20 level So if we look at CL oil You can see you know implied volatility is much lower than it was And we got a nice move down today back into our center and we're able to book that book that for a nice quick profit So let's take a look at some of the well first. Let's look at the other current positions. We've got on So I mentioned the ES so we've got this short delta vertical on in ES And if it ever populates on the screen, there it is So again, just looking for a little bit of a down move to help help benefit that position in Corn corn's coming back down for us. So back into our range So we no adjustments needed yet at this point. So we'll continue to wait look for a little bit more of a down moving corn to get out of that Soybeans we need a little bit of a move up and as much as correlated as these grains are I like having this where we need an up move in soybeans to benefit and a down move in corn adds a little bit more diversification to the portfolio And then we all we also still have a position on in wheat, which I actually was trying to get filled in this today But then then it went profit went back down a little bit as it's fluctuating So I wasn't able to get filled but we want to we're looking for about 40% of max profit in this So about 200 bucks is what we're looking for out of our wheat position DIA I already mentioned GLD. I already mentioned cues already mentioned rut RUT Russell 2000 index We still have this calendar spread on looking for a little bit of a down move and an expansion in IV to benefit there and SPY and I feel like we've had this iron condor on forever but it's just been hanging out around her upside need to move down and and we'll be able to get out of that spy position and XOP we had a we have a straddle on and Price was real close. I think it even Even breached our break even by a little bit But I wanted to give it a little another day or so and it ripped back lower, which is good So didn't need to make an adjustment remember We only want to make adjustments when absolutely necessary and didn't need to in this case So XOP coming back down in conjunction with oil So just a little bit more down a little down a little bit further And we'll be able to book a profit in XOP if it does turn back around and in turn higher We'll look to potentially adjust outside of that break even point So lastly, let's go to the closed trades And take a look. I mean July's been awesome. Of course, we've had a couple of rolls that You know we because it made sense to roll them But as far as the trades that we've closed out all winners in July Haven't had to take any losers, which is awesome. We had a Microsoft strangle Costco butterfly target straddle oil strangle Rut calendar XLE puts Q strangle XRT strangle oil strangle I mean, this is this is a perfect example of putting on different strategies Booking them at a percentage of max profit and redeploying that capital into new trades. So having a great month Hope everybody Hope everybody's trading is going really well and if you have any questions, obviously let us know. Have a great weekend Talk to you next week