 Hey everyone, welcome to this week's video update recording this on Saturday October 14th. Hope everybody had a good week of trading. Let's take a quick look at the markets And then we'll jump into the trades for the week The big story obviously happened on Friday When volatility absolutely exploded the VIX was up over 20% on Friday in one day, you know When we started the week, let's see the ninth right here. So we started the week with VIX up over 19 And it absolutely just got crushed started contracting They got a little pop on Thursday and then Friday was the volatility explosion So what's what's interesting about that is a that's a big move in the VIX for one day But the interesting part is typically if you have that big of a move in the VIX in one day Then you're gonna see some serious downside In the S&P 500 right because VIX measures the 30-day at-the-money options of SPX But the reality was that the S&P was only down about a half percent Little more than half percent at its lowest, but yet the the VIX exploded So as you'll see from my trades, you'll see I started peeling off some trades I'll kind of touch on some of those that I that I just got out of early When you see volatility expanding like this and the market's not necessarily moving in a way that is congruent with this type of volatility That always makes me a little bit nervous Meaning there is something going on behind the scenes that we may not all know yet And so I just started really reducing risk across the board on a lot of different positions Didn't didn't dump all my positions by any means, but I but I certainly Closed some trades, which I very very very rarely do Usually, you know, most of my trades are very mechanical I held I hold them for a specific amount of time or I hold them for specific parameters and in You know price underlying movement But on Friday that that made me a little nervous I just I felt like I needed to reduce risk across the board. So that's what I did So we'll see what happens We'll see what plays out the rest of this weekend and early next week when the market opens back up Could be just a little fear about you know, the Israel war things going on there There might be something else going on. We don't know. So we'll see as that kind of unfolds Nasdaq down also kind of same market movement Russell a little bit weaker, you know continuing to push down near those recent lows and the Dow Not quite as weak. In fact when the when vol when the VIX was up nearly 20 percent at one point The Dow was green on the day, which is just kind of nutty Gold big bounce silver big bounce Notes and bonds had a little bit of a bounce on Friday But had that big big pullback on Thursday 10-year yield close the week at four point six one A little bit lower for the end of the week Oil big bounce back on Friday after it's been seeing some weakness here the last couple weeks Natty gas Little drawdown the later part of the week to close lower and the grains Let me just look at soybeans as as the as a barometer up big up on Thursday kind of Kind of an inside sidebar on on Friday the euro and The pound lower which obviously relative to that is the US dollar, which would be higher and then Bitcoin hanging around 27,000 all right, so that's quick look at the markets. Let's take a look at our trades for the week had a big week with zero DTE You can see these are all my zero DTE trades for the week almost 39,000 in profits for the week on zero DTE Let's break these down a little in a little bit more detail So I had a couple of personal Personal bests this week. So let's start with AM ratio. So had had four of those Had one on Monday book 2,800 had one on Nothing set up on Tuesday Wednesday plus 4900 Thursday, this was the discretionary one as you can see here So it didn't really set up but I ended up taking one and booked a little over 1700 and then got smoked out of one on Friday. By the way, you'll see this is open That's just because the longs that I let expire Have not settled yet, but that's that's closed so plus 3640 on the morning iron condors on the DKS I Really just took one of these and booked 1700 on the other one you can see is discretionary. It wasn't it wasn't the real Set up I wanted to get wider So I did a little on a little bit of a discretionary basis and then when volatility started exploding I ended up just scratching it taking a small $93 loss Zero DTE ducks So just one of those plus 1340 No FOMC trades, obviously JSP's took a little hit on these So had three of them small loss on one small win on one that was discretionary and then the the big one I lost 4900 on that was a discretionary trade as well. So about minus 4900 for the week on JSP's and Then the big winner was power hour So I had a couple of personal bests on power hour The first would be my total profit for the week almost 36,000 just on power hour So that's a personal best as far as a week of profits on power hour goes. So that's awesome And then the other personal best I had was on Monday That was my biggest one-day profit for power hour booked almost 21,000 just on Monday And you can see on 15 trades over 83% win rate, which is pretty high for power hour Typically hovers closer to around 60-ish percent winners So awesome awesome stuff for power hour And then I'm gonna group the PM ratios and the quiet lunches together. I Didn't I think I just had three of these. Yeah, so quiet lunch on Monday was a loser minus 5,600 quiet lunch on Wednesday for plus 4,800 and then on Wednesday also did a PM PM iron condor for plus 1,500 so small green on that group of trades And then lastly for zero DTE my buddy Rick So with Rick had one winner for plus 2,000 this one should have been a winner ended up being a $2,400 loser You can see I flagged myself for mismanaging that one. I was trying to I had a couple of different setups that I was looking at that morning and ended up Kind of fat fingering and entering the trade wrong And instead of just closing it out and correcting it. I said, uh, let's just see what happens Well, that's what happened minus 2,400 where it should have been Plus 2,000 so that's unfortunate Uh, so plus 2,000 minus 2,400 and then plus 819. That's not right. Let me refresh here So total rick Plus 429 for the week All right, so that's zero DTE on the dynamic butterfly front No closed trades, which is not normal. We usually have a couple of time flies closed, but we've got three open Uh, no closed trades for the week And then dynamic calendars. Let me get all these clicked. I didn't trade all of them, but just to make sure Let me get them all clicked Ended up a little bit red overall on calendars Due to really one one trade one position And that was that that was this one here. This is a a single calendar that I turned into a double ended up getting Hit for minus 4,400 All the other trades were pretty good had a four seven for plus a thousand three six was a scratch Uh three five small profit one two for small profit a single single calendar This is another one that I bailed on on friday based on the volatility explosion So just took off it took it off for small profit Had a 790 winner on a one two a 385 winner on a one three a scratch on a one two and these other two are open And that's a five seven and a three six that we have open And then lastly oh not lastly iron ducks Had a few winners in the iron ducks One was uh for 490 that was one that I probably would have held longer closer to the bell But with that volatility explosion on friday ended up just bailing on that still booked Uh 80 of max profit ish So plus 490 and then a couple small winners plus 185 plus 156 so 831 total for ducks on the week And then lastly Where I took a hit. Oh wait no, I'm jumping ahead of myself I did take a little hit on option selling too though minus 4300 so $800 loss on gold. This is another one I bailed on Based on what was going on with the price of gold and the volatility explosion Billed on this one for scratch Billed on this one ended up being a minus 3700 on the nasdaq a couple small winners IWM a couple small winners on vxx and then A small loss on on the es hedgehog Now lastly Is the portfolio margin trades. This is where I took my biggest hit And it makes sense because With these portfolio margin type positions There's a lot of negative vega trades and so took uh took a loss of 15 about 15k on these So plus 1200 on a ratio diagonal minus 3600 on a Humpty These two with the toss upload issues Uploaded one is spx and the other one is spx w so I actually couldn't combine those so if you net those out That's minus about What is that seven about 7000 ish? So just those combined and then another minus 2200 on a Humpty minus 155 on a Humpty minus 800 on a Humpty plus 3500 on a Humpty minus 3900 on a Humpty minus 1500 on a hedgehog and the rest of these are open So it's it was a it was an interesting week. So that's it for the trades, but Just to give you an idea, you know just taking a look at the chart um You can see here. So monday was One of my biggest days of the year Tuesday was another big day profit wise Wednesday was about breakeven Thursday was about breakeven. I think maybe down a little bit and then friday When this happened, I just had way too much short vega And got hammered on friday and had to just scale out of some of those positions to reduce risk and just kind of scale down so Still net net a good week overall I thought it was just at the beginning midway actually through thursday. I thought it was going to be a monster week But ended up giving some back on friday, but uh, that's how trading goes, right? Anyway, I hope you guys have a good rest of your weekend. Take care. Talk to you next week