 Hey everyone, welcome to today's weekend video update. Today's Friday, January 8th. Hope everybody had a good week of trading. In a bullish week, it was another week, another all-time high in stocks, S&P hitting over 3,800. Of course, I'm sure you see the headlines about Bitcoin hitting all-time highs as well, pushing into the 40 plus thousand dollar range. So crazy stuff. I talked about this on the day trading session this morning that we're getting into that la-la-land type of scenario. But keep in mind, la-la-land can last a long time, too. So just don't start loading up on shorts yet. I mean, this thing could continue to push higher and grind higher into the near future. And that's kind of what I anticipate. So we still have short delta, a little bit less than 1 to 1 on our short delta versus our theta ratio. But I do anticipate the continuation higher. If we start to get really extended or we see some type of really big push and kind of what I call a blow-off top, where we see a big spike in volume on a big extension higher, that's what I'll start considering getting a little bit more short. But right now, I'm going to keep my position pretty neutral and continue to add some bullish plays in here to take advantage of some anticipation of higher prices. That is the plan. Before we jump into the alerts, just want to show you day trading for this week. Mighty 90 ended up strong today for plus $13.50 on the day, but ended up minus $5.07 on that strategy for the week. Took a couple big losses on Monday in Nvidia and Roku on Wednesday. I really didn't trade those bad. They just made moves that got us. The bad guys won that time. So a little red in the Mighty 90 this week. You only took one Paris trade, and that was today. Took a $300 loss on a Nasdaq Dow Paris trade. And then the runners, plus $9.64 for the week. You can see a little back and forth. This week was actually fairly challenging from a trade standpoint. Had a big loss on Monday, and then a big win on Tuesday, loss on Wednesday, win on Thursday, win on Friday. So we ended up green on the week, only barely. $157 green on the week, but it was a pretty challenging week. And so if you can come out positive or break even on something like that, you're doing just fine, because you're going to have those. Now going back to August 31st, when we started tracking this, up $6,500 on the Mighty 90. Haven't been doing many Paris trades, but $323 on the Paris and a little over $29,000 on the runners. So total since August 31st, almost $36,000. So day trading continues to do well, and we'll continue to do that. We've got the runner strategy class coming up towards the end of this month. I'll be posting days, but you can put it on your calendar to save right now. January 28th, 4 p.m. central time is when we'll be doing the runner strategy class. And speaking of upcoming events, I'll be posting this as well, but we are going to have a special event this coming Tuesday at 4 p.m. Tuesday, January 12th at 4 p.m. central time, Tim Weiss. So he's a gentleman who had been a member of navigation trading for a couple years, and then went off on his own, was doing his own thing. He used to post a lot in community updates on a variation of one of the strategies that we teach. And he refined it, made it his own, made it a ton of back testing, forward testing, all kinds of testing, and called it the red strategy, revised and enhanced double diagonal strategy. And so Tim is back. He missed us. And so he's going to be joining us. In fact, the format for Tuesday's event is going to be kind of an interview slash presentation from Tim about his journey, his background in trading, how he came to develop and tweak and modify the red strategy, and how he made a 248% return in 2020 on his entire account trading exclusively the red strategy. So you don't want to miss it. It's going to be an awesome, awesome, awesome event. So mark your calendar 4 p.m. central on this Tuesday, the 12th. And I'll be sending out a link to sign up to save your spot on that. So look forward to that this coming Tuesday. All right, with that, let's jump into the alert, starting with Monday. First trade was an opening iron duck in SPX. Did this one with 16 days to expiration. And so let's go to SPX. We actually took off a couple of ducks this week, one of which expired. This one here, oh no, that was, we had, anyway, well, let's just go with this one that I just mentioned. This was the one with 16 days to expiration. So you can see price has run up since we put that on on Monday. So we're almost maxed out on our beak there. But we still have a decent chance of getting back to the duck head, not that much actually now. Oh no, not at all, only about 11%. But we'll, so we'll close this out most likely on Monday if price stays right here or goes higher. While we're here, let's take a look at what else we got in SPX, and that is a weekly double calendar. So this one's up about 200 bucks since we put it on. And we'll be managing that towards the end of next week. Next trade was Tesla closing trade. We had an iron duck in Tesla. Obviously Tesla has been on fire to the upside. So we just closed this out early, booked beak profit on that trade. Natty gas, we did a rolling trade on this. This is our short strangle that we've been adjusting. Rolled this, got down to 21 days to expiration. So we just extended duration, rolled it out to 49 days, kept the strikes the same. And I mentioned here, if price stays in a range over this next cycle, we're gonna be profitable working our way back to profitability after several adjustments and rolls. And so you can see we're up about $260 since we did this roll. And so if we can just, if we can get Natty gas to stay in this range here and book another, I don't remember exactly what we need, but if we book a decent profit on this, we'll be back to profit in Natty gas. Next trade, rolling adjusting trade in ZB. We were really close to closing this out. In fact, we were right at 22 days to expiration last Friday. And I was like, you know what, I'm gonna give it over the weekend. And unfortunately the bottom fell out of bond. They've kind of dropped. So we ended up just rolling it with 17 days, rolled it out to 45 days. We're gonna give it one more cycle, see if we can get a little bit of a bounce in bonds, extended duration there. So let's take a look at bonds. You can see it was prices hanging out about right here and it's come all the way down here. Now it's pushed through our break even, but remember after we've rolled that doesn't really matter. I mean, we've still got a decent amount of premium in our calls, but if price does keep going lower, we will roll down those calls closer and then just continue to manage this like we always do with our short strangles. SPX weekly double calendar. That's the one that I just showed you. Opening trade in spy, we did a vertigo. So this was our, we did our vertigo strategy class not too long ago. So this is our second vertigo since the class and take a look at this. I mean, this is kind of the cool thing that can happen with these trades with the skew between the back week and the front week implied volatility, but this thing is just barely out of the range, but we're already up 300 bucks on the trade. Now I saw it when it was up about 200. This kind of really just pumped up right at the end of the bell, right towards the bell. So had this happened earlier, probably would have just closed this or we've got five contracts. I could have closed some of it, but if price does continue higher in the next week, we'll probably book this pretty early next week. If we can, originally in the trade, I said if we could book 450, but I mean, if it's up to 350, 375 on Monday, I may just close it out. If not, I'll close out some of these contracts and just take that money and run. So nice, nice vertigo and spy. Next trade, SPX. This is one of our iron ducks that expired. We booked beak profit on that one. SPY vertigo, we had a different one that we closed out and booked a nice little profit on that one. John Deere did a rolling trade here, just extending duration, keeping this as part of our short delta in our portfolio, rolled this from January out to February. John Deere has just been on absolute fire. Take a look at DE. I mean, this thing just exploded this week, which is not what we're looking for, but still holding that for short delta. And we're up about 75 bucks since we did this roll. So we'll just continue to hold that and look for some potential downside here in the future. Baidu closing adjusting trade. So we had an iron condor on. We closed out the put vertical side when price ran higher and broke through our break even. We held down to the short call vertical. And so that's what this was here. We just closed out that remaining short call vertical. Now we've also got a full iron condor in February. And so let's take a look at that one. That's Baidu, Baidu up another 15% today. So we already have another full iron condor out in February. You can see it's still well within range here, but Baidu just having some explosive growth after talking about getting into the electric vehicle market. The stock has just continued to take off. We did capture a good portion of this with a diagonal, held our last piece all the way through this and closed the rest of that out today. Total risk on that trade, total buying power is just over $300. We ended up booking over $600 in profit on the diagonal which I'll get to in this alert here. Yeah, long call diagonal. So we had taken off one contract last week. So we booked half of it last week and then held this other half till today and then closed that out. So all in all $620 profit on that diagonal trade. ES long put vertical. So this is one of our short delta plays that we've been holding for that short delta. So we just extended duration on that. Price moved up a little bit since we rolled that today. So we're just looking for some downside to benefit that piece. Closing trade in a weekly double calendar. So this one expired today. It was hanging out right on our break even. You got this tent and it was just hanging out right on our break even here almost all day. And we got a little bit of weakness back in and we closed it out, booked a profit which is a good thing we did because price ran back up and we would have taken a loss on the trade but ended up booking about, I think it was $120. So small winner, but winner nonetheless. And then lastly, SPX, we closed out another iron duck. There's very little chance of getting back to the duck head. So we just booked beak profit, took it off early instead of holding it all the way out until January 13th. So that is all the alerts. Let's take a look at some of our other positions. Apple, we've got this on for short delta. This is in January, so we'll be rolling this next week. We've got this one in BABA, no I didn't mention. So we've got an iron condor in BABA, pretty well centered. Just waiting for some implied volatility contraction. I mentioned Baidu, I mentioned DE, D-I-A, another one of our short delta plays. This is a short call vertical. This one's already out in FEB. So not looking to roll this one just but just holding this for some potential downside. Same with IWM, this one's in January but this one's way out of range. So we'll be rolling this next week. I figured I'd just give this one. I didn't wanna roll all of our short delta plays all in the same day. So just kind of spreading out those rolls but we'll roll this one next week. And same with QQQ, SMH, we've got a short strangle here that we've been managing. Price is hanging out right here in the upper end of the region. So could use a little bit of down move to get back to center. I mentioned SPX, I mentioned SPY, and lastly XLK, another short delta piece that Price has run out. Run up to the XLK is not as bad as the others. It's not even at all time highs, it's just below it. So we will roll that next week as well. So those are all the alerts, those are all the trades. Don't forget Tim Weiss, a trader's journey on Tuesday, 4 p.m. central time, look for that to sign up. Don't wanna miss it. He's gonna be sharing his strategy and how he got there. So look forward to that. Everybody have a fantastic weekend and we will see you next week. Cheers.