 What's up navigation traders today is Friday December 29th. Hope everybody's having a great holiday week Hope you had a good week of trading Today is the last trading day of 2017 so I hope you had a great year of trading really looking forward to 2018 hopefully we can get some more volatility in this market It's been a very interesting fairly one-way directional market, especially in stocks Which is not always the best for us, but we've definitely held our own But really looking forward to 2018 not to mention all the cool stuff that we have coming out for you our members If you haven't already seen the announcement And you're watching this video and this is the first time you've heard it If you're in your members area you'll find that you've got access to every single one of our courses now So we just we automatically upgraded your membership. No additional cost or anything to you. 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I should say Let's jump into the alert for this week so obviously a shortened week with December 25th being Christmas, so our first trade started on Tuesday the 26th and The first trade was an opening adjusting trade in soybeans So we added an iron condor and soybeans in the March cycle with 59 days to expiration and as I mentioned if Even though I sent this out as an adjustment If you don't have a current soybean position, this could also be considered as a new trade So if we go to the platform Here's that trade so still very centered not much going on there moving pretty slow and then we've also got Let me reset this here So I can uncheck those boxes So we've also got this The put side vertical of what was an iron condor so new a little bit of up movement in soybeans to benefit that piece I've had a pretty sizable down move in soybeans So it's coming back a little bit today if we can get a little bit of a pop-up take care of that piece and And we'll continue to manage and monitor soybeans So working our way back really nicely obviously we had that huge move earlier in the year in soybeans Let's see if we go to the actual full chart and soybeans you can see a little bit better You know this big down move here that we've been working our way out of almost back to even on this one But that's that's what happens. Sometimes if you have those huge one directional moves You're gonna be in the trade longer managing and justing your way out, but that's working out nicely. So Still still continue to love to trade the grains Especially when implied volatility is fairly low in a lot of other symbols Next trade was an opening trade in EWW, which is the Mexican ETF IV popped up to 58 at the time we put this on I also mentioned if you prefer to find risk you can trade an iron condor with low price symbols like this You know under 50 bucks you just got to be careful about you know If you when you buy the wings you're lowering the amount of credit you receive So you just need to make sure it's worth the transaction costs and the risk that you're taking on the trade So let's go to EWW and check that out. You can see the implied volatility has did definitely come down Intraday was up to whatever I said 58, but it's but it's come down since then If we take a look still very centered here well within our range on EWW So nothing else to do at this point except for weight Next trade was another opening trade and we did this in Ford slash ZN, which is the 10-year notes I'd be percentile with TLT, which is the corresponding ETF. It got up to 56 So we put this trade on and if we take a look at the analysis tab on ZN You can see we've got a little bit of profit here Not enough to take off yet So we'll continue to monitor and watch that if we take a look at TLT the corresponding ETF to look at the implied volatility You can see it's come down. It's contracted nicely So now we just need a little bit more time to pass and for price to stay in a decent range So on this alert, I also mentioned that you know You could do a short strangle or iron condor in Ford slash ZB ZN or TLT So TLT, I just didn't like the amount of credit didn't like the risk reward. We would get in that ZB is a little bit bigger product. So I I prefer trading the one in the middle, which is ZN So you get a really good risk reward really good credit and And and you can still stay at a small manageable size on this one. We sent out the alert at two contracts So if you're trading a smaller account, you could even do just one or you could look to You know buy the wings and do an iron condor in any of those three symbols would have worked for this trade Next trade was another opening trade in Microsoft. So in this we put on a short put vertical This is a bullish play and part of the reason was it set up nicely for a bullish directional trade Which I'll show you in a minute But also, you know, our portfolio started to get a little bit too short by us. So to help balance that out We wanted to add some long delta to help balance it out a bit So if we take a look at Microsoft And we're gonna be releasing this this charting piece this charting indicator later this year but basically What we're looking at here is, you know, it's had a decent run-up. It's kind of pulling back I won't get into it now, but we've got this these little dots that kind of help potentially signify a continuation pattern in that stock and so we just need a little bit of a pop-up back up to about 87 even is all we need and at that point, you know a book I want to book about a hundred fifty hundred eighty five dollars somewhere in that vicinity for a profit in here before I take that off Next trade was an opening adjusting trade in QQQ. So we added an iron condor in the cues and And as I mentioned if you don't have a positioning cues that this could have been considered for a new trade as well So if we take a look at cues you can see this iron condor still very centered Nothing nothing too much going on there yet. We've also got these other pieces in cues Which is a 155-158 call spread which was Previously part of an iron condor We need a little bit of a down movement more down movement in the cues to benefit that piece And then a very another very similar piece from a former iron condor Which is the 154-157 call spread again needing a little bit of downside to benefit that piece Next trade was a closing trade in FXI So we closed the strangle in FXI for a nice profit If we go to the charts real quick for FXI You can see you got a nice contraction in implied volatility We had made a couple adjustments to this trade In fact, if we just go to the closing trades tab you can see we made One two three adjustments before we closed that out but ended up booking a nice profit of three hundred fifty six dollars on That trade and while we're on these these closed trades. You can kind of scan through here I'll be sending out a an update on performance and you can see that was $356 winner Adobe a $98 winner SPX calendar spread 165 GLD iron condor booked 120 bucks there EEM 116 bucks an Adobe earnings butterfly 343 10-year note short strangle 156 EWZ 147 these are all December trades by do $200 profit there Adobe post earnings iron condor. This is the one that got us with that surprise announcement that came out We ended up just taking a loss here and booking that loss of 587 and then Lastly EWW for 135 so another great month of Trades and by the way, we've produced a new performance page Obviously you guys as members get access up to date live as they happen all the trade statistics But we've also got another page here if you just go to any page on our site click on performance We've got this prefer performance page, which totals up. This is for 2017 64 closed trades average profit 127 bucks winning percentage over 87 percent And then we just break it down by month showing this closed date symbols contracts strategy traded Monthly totals so you can see we June July August September October November and then at the end of each month will total this up so December will be coming soon So hope you like that. Good little addition Going into the new year Let's go back to the alerts. So that was FX I That was this one here Next trade was a closing adjusting trade where we Bought back a strangle in XRT So we closed one of our strangles made over 50% of max profit on that piece still holding the 44 puts and 44 calls which is an adjusted strangle and And as I mentioned, we'll be rolling this piece by next week IV percent I was currently at 66 and then the last trade and the one that we did today was Also an XRT where we opened a another strangle so implied volatility as you see here It was at 66 but it popped back up today up to 75 at the time we put this on and So we put on another strangle. So if we go to XRT Take a look and see the IV popped back up there Go the analyze tab as of course we just put it on so still very centered and then our other piece is the 44 straddle basically Which was a strangle, but it's been adjusted into a straddle and we'll look to roll this to February next week Once we get under that 21 days once we get under that three weeks to expiration remember on these on these Uncover these strangles straddles we like to we like to roll them to the next expiration because as we get closer to expiration That gamma or that risk really starts to accelerate So we've with the back testing and from our trading experience have come to the Come to the realization that The sooner we roll the better so kind of in that two to three weeks to expiration as when we'll roll So we'll get that done next week some of the other positions that we have on forward slash ES which is the S&P futures So we've got two pieces on here. We've got a Short call spread which used to be part of an iron condor so need a little bit down movement to benefit that piece and then we've got a Long put vertical and reset these Got a long put vertical which is just in our portfolio strictly for that hedge strictly for that downside bias And so we need some downside to benefit that piece Natty gas we've got two iron condors in here We've got this one where you can see price has breached our upside break even So I didn't get a question. You know why why haven't we adjusted this yet? Well, part of the reason is we just put it on we've got a lot of time left And if you look at just the untested side the puts you still see we got a little bit of premium left in there So we're at about a hundred sixty dollars. There's a total of two hundred dollars of total profit in that piece So that's in this kind of situation where we've got this amount of time We just put it on sometimes I like to give it a little bit more time to get back in range Especially when there's a decent amount of premium still left in here Now if it stays here or continues higher in the next week, we will definitely make that adjustment But for now, we're just gonna give it a little bit more time And then we've got this other iron condor on here Which is fairly centered So now it this one was actually starting to break Get close to breaking the break even to the downside But we've just had a huge rally last few days in that gas getting that piece back into range So continue to monitor that need a little bit more theta decay to happen time to pass before we book a profit there If we look at the implied volatility UNG's the corresponding ETF Just staying really high So that gas has just been a nice nice vehicle to trade with that high implied volatility Giving us additional credits when we enter those trades. So we'll continue to trade that gas For the time being went over the notes whenever soybeans wheat So we've still got a position two positions on in wheat we've got this iron condor here, which is Got about a hundred fifty bucks a profit one a little bit more So a little bit slight more up movement to book that piece And then we've got another iron condor where price is kind of at the other side of its range Down here. So hopefully we can book the profit in the other one And then you know, this might bounce back a little bit and we can book a profit there as well Similar to soybeans. We're we're working our way back in this nicely almost back to break even in wheat And so hopefully come out the some some profits there in the next cycle or two We got Costco. So this is one where we put on a post earnings short put so They announced earnings here Costco had a big move up above its expected move And what typically happens is price will stay above that level trade sideways to grind higher in this case it has dipped Nothing to nothing to be, you know concerned about and that's why I kept it on in fact You know looking at looking at this if it can hold above that 185 mark, you know, I think we're good there I'd look at and obviously we need a little bit more up movement to benefit that piece You know if we can get back to the kind of the 195 level in in Costco will book that profit and it'd be out of that one DIA we've got two pieces here. We've got an iron condor Which let me click off these two. So it's hanging out near the upper end of the range No need to adjust or anything yet Just need a little bit down movement in DIA to benefit that and then we've got this other piece of what was an iron Condor which is now just the call vertical So I need a little bit of downside to benefit that piece as well EWW I mentioned IBM. So this is a trade that we put on and it has been adjusted We're actually profitable in this trade now Didn't I wanted to get a little bit more profit So if we can get a little bit more theta decay, we haven't gotten any implied volatility Contraction so if we get a bit of implied volatility contraction in the next week That'll that'll push our profits up in this one and we'll book this one IBM releases on the 18th, so we've got you know about 18 plus days before Before they announce earnings, I will not hold this through earnings So definitely want to be out before that point But hoping just to squeeze a little bit more profit out of this one It shows 182 but after rolls and adjustments were up We're up about 50 bucks on the trade, but we'd like to get a little bit more IWM so we've got this piece here Which is part of an iron condor need a little bit of a down move to benefit that piece We'll potentially look to add another Piece to this trade add another iron condor in if implied volatility pops up It's it's still it's decent enough to do it now, but I'd just like to see Potentially getting this popped up over that 50 level that we like to see before we sell any more premium in IWM Microsoft I mentioned this one Cues mentioned that Starbucks. So this was another bullish play that we put in to kind of balance out our deltas hasn't worked out yet, but just down a little bit need a little bit of up movement in Starbucks to benefit that piece So really back up to that 59 level. We'd probably be able to book that profit So just kind of hold on and wait to see in Starbucks But again, one of the reasons we added that was to add some of that long delta back in our back in our portfolio We we don't want to we always want to keep short delta We always want to have a short tilt a short a short bias in our portfolio But we're given getting a little bit too short. So having that long delta in there is a benefit to the overall portfolio Excel you we've got a butterfly on in Excel you As you can see here, we got a little bit of profit a little bit of down movement a little little bit more contraction and implied volatility to benefit that and Then I mentioned XRT. So that's all the positions. That's all the trades from the week Everybody have a great weekend new years is Monday. So the markets are closed. We will not be doing our live broadcast Due to the holiday and in the market being closed, but we will be back with you Tuesday Happy New Year. Everybody. Have a great weekend and we'll talk to you then