 Good morning everybody, this is Hari Swaminathan from optionTiger.com I want to wish the entire Udemy community a very very happy new year and all the best for 2018 In this video, I wanted to discuss a little bit more detail about the Mac systems I know there's plenty of questions about what the system does and also whether it will work in certain markets and things like that And if there are any overlaps So I want to briefly address all those issues in this particular video As I mentioned in previous communications, these Mac systems are advanced intellectual property methods for various strategies So you'll find some for spread you'll find some for calendars and iron condors and credit spreads and so on and so forth Now these methods are a sort of a deep dive into the best practices of these strategies Because we know that every strategy has pluses and minuses So what the Mac systems try to do is to advance the positive characteristics of the strategy while suppressing the negative aspects And this is required because then we can get a superior edge on every trade that we put All of these Mac systems have tactics, techniques, approaches and methods And the best part about it is you can apply these tactics and methods to any other strategy as well as long as the situation calls for it So even if you're trading a butterfly for example, a butterfly is made up of two spreads It's a combination of maybe a bull call and a bear call or a bull put and a bear put So you can apply what you learn in say in Condor Macs to when you trade a butterfly as long as the situation calls for it So all of these methods are reusable and that's the best part of it and that's what you would really want to take away from this And apply these methods in various situations on any other trade as well So without further delay, let's jump into the actual Mac systems I want to spend a minute or so on each of these and explain what the main characteristics are I want to start with the chart based systems day trade Macs and swing trade Macs So first of all, these will work in all options markets because it's all technical, pattern based and chart based trading And it will also work for options as well as stocks So if you're not an options trader, if you're just interested in stocks, you can use these chart based systems for all your stock trades as well as your option trades In fact, you can use it for anything whether it's an ETF for a future, you can use both day trade Macs and swing trade Macs for that Now both of these systems have some customized chart options which you should be able to do on any chart pretty much in most markets around the world In all markets around the world You can have a number of chart configurations So here in these two systems you're going to see one or two configurations and then there's a new day trading swing trading course coming up later in January And that will have some additional set of chart setups So the day trade Macs obviously is for an intraday based trading system and swing trade Macs is more of a longer term where you have swing cycles Maybe four weeks, six weeks, eight weeks or even 12 weeks You just have to adjust your chart timeframes based upon the kind of trade that you want to take Next I want to cover the income Macs spreads and the straddle systems Now first of all I have to point out that these may not work or may not be suitable rather in non-US markets because they involve combination of debit spreads and credit spreads and straddles and strangles and so on But they are simple strategies, they are meant to be a weekly or a bi-weekly income strategy And you can apply both of these strategies in simple ways and of course these tactics that you learn here will be applicable across other trades as well Earnings Macs is a very interesting product, it covers about six trade types for earnings reports and this will apply in all options markets because most countries have requirements that their companies report earnings once a quarter And so it should work in all markets The important aspect of Earnings Macs is the interplay between time decay and implied volatility because as we know implied volatility starts to shoot up before earnings And time decay is also working on those options at the same time so this interplay becomes very important to understand and that will help you create earnings trades that have the maximum chance of success And there are six types of trades that are covered which will apply to most stocks that are reporting earnings ETFs Macs is a very simple product, it is more suitable for longer term trading so in the sense that about six months, nine months, twelve months because these ETFs are first of all they are well diversified instruments And secondly they take on these trending characteristics and so you can create some very high reward opportunities with low risks and also it will work in all markets for either stocks or options because you have ETFs now in every country And so what you learn in this product you can apply it to the ETFs that you have in your own country and it will work very well Calendar Macs is a very interesting product, in fact time spreads or horizontal spreads we are talking about calendars and diagonals and double diagonals and double calendars can create some of the best edges It's a very underrated strategy and in calendar Macs you are going to see how to create this edge to sometimes create very very high rewards for much lower risk Adjust Macs is a product that will apply for everybody because as we know with options the art of adjusting options is probably one of the most important skills you can acquire And even in this process Adjust Macs provides a very systematic approach to how you should approach adjustments in general so this product is applicable to everybody and is a key element of options trading Although weekly Macs studies the intricacies of weekly options which of course have exploded in popularity in the US the same concepts can be applied for monthlies as well So just like you have one week options and two week options and three week options you also have one month options and two months options and three months options in many markets And so the concepts of what you will see in weekly options can be applied to these monthly options as well There are some very good opportunities, high reward opportunities also possible in weekly options as well as your standard time decay strategies as well and all of these are discussed in this product And finally you have Condor Macs which is probably the most elite approach for iron condors and credit spreads Now these products may not be suitable for markets where you don't have the ability to trade iron condors in one trade and so this may be just for US markets and other markets where you have access to the US options market and trade on them But Condor Macs has some very superior tactics and all of these tactics can be applied in any situation where you have a credit spread and where you have time decay strategies And so this one is full of very sophisticated techniques that will help in almost all trading opportunities Finally I just want to go over some common elements that are there in all of these systems The first thing is you are going to get superior options knowledge and so that by itself is a very valuable piece of weaponry to have And in addition you are going to have a collection or an arsenal of reusable weapons for almost all kinds of trades And so you will truly be equipped to take the right decision at the right time given whatever trading situation you are facing at So that's about it for all these systems. You probably got an email from me on December 27th with all the other details And I would urge you to look in your spam folder or your inbox for this email from December 27th where all the details are available as to how to access these products on Udemy And I once again want to thank you for all the support over the years and also want to wish everyone and your families a very happy new year and the best for 2018. Thank you