 Good morning, everyone. Happy Monday, October 24th. I did not have a chance this weekend to get the weekly video update out So I'm gonna go ahead and do it right now. We've got about seven minutes before the market opens Monday morning and Just taking a look at the S&P from last week had a little bit of a bounce Monday and Tuesday trailed back and then big update Friday. I think we're gonna continue on in fact Stocks up a little bit pre-market here. So we'll see if we get a continuation up In stocks looking at gold gold kind of back and forth notes and bonds continuing to slide lower Oil Kind of sideways choppy last week. Natty gas Getting a little bounce this morning, but some some decent downside over the last week or so And then Bitcoin just kind of chopping around under 20,000. So let's go over I'm not gonna do it in full detail here But just kind of go over some of our trades and then I will just jump over to the platform and show our current position So we've got SPX on on Monday last week We put on a new TGIF in SPI in SPX with four days in the front seven in the back Did a new TGIF in the queues with three days and six These are all ones that we closed out with one day to expiration On one of our SPX trades closed half of it and just one day booked over 20% So if you get profits that quick, you got to just take some chips off the table Then the very next day was still only Wednesday Booked over 40% on that portion and so had just a couple left to hold until one day to expiration And then on Thursday, we closed our remaining six on that one booked over 28% there on our second SPX one Booked over 33% on that portion And then our TGIF in QQQ Booked 50 of the 90 contracts for over 21% We opened up a new TGIF in NDX, which I'll show you We closed our remaining TGIF in the queues Took us. Oh, yeah That's when price just ripped on us So we ended up taking a small loss on the remaining contracts, but we're profitable on the trade overall Added a new TGIF and SPX that I'll show you and also Closed one of our monster calendars in QQQ So let's go to the platform. I'll show you our Calendar positions. We've got one in NDX hanging out right here in the middle Got one in SPX The market's getting ready to open so this P&L line gets a little goofy sometimes So it's hanging out in the upper end of the range and then we've got our Monster in the queues, which we haven't been in this very long. We're already up about 6% or so on that one. So good good positions with our calendars at this point Take a look at our butterfly trades Let's go to Monday, which is the 17th Here we go. So we added a new flathead woodpecker in natty gas We did it an adjustment in our oil woodpecker Closed half of our contracts on our IWM added a new Flathead woodpecker in rut with a short call vertical Adjusted our natty gas Adjusted our oil again And adjusted our natty gas again, so let's take a look at our butterflies so in oil This is what this one looks at this Looks like at this point. So we actually adjusted when I got down to the bottom Lower end of the range adjusted again when it got to the top really flattened out our P&L line So really just looking for some nice theta decay to happen and for price to kind of stabilize Natty gas We've done a couple different adjustments on this price is hanging out right here So this is kind of the structure of what this looks like again Just kind of really flattening that P&L line looking for some choppiness to get let that theta decay IWM Looking for a little downside in stock so we can start adding some more of these in but we're up Another 130 bucks on our remaining 10 contracts in IWM We've got SPX Click off those Price is hanging out up here. So we've already taken off part of this position. So we're up another 344 on our remaining piece SPY so this one this one's run higher so you can see we've got a max buying power usage on this of 3360 we're up price moves up a little bit more will be up over 10% I'm probably not going to take this off. What I may do is add a far out of the money Short call vertical just to add some more credit add some more theta Into this position if it bounces a little bit more. So that's the plan in SPY And those are all of our butterflies Let's go to option selling then we'll come back to ducks So on 10 17 Here we go. All right, so we closed out one of our short strangles in MES We just booked a small profit. We just needed to get out We're only at we're down to 32 days to expiration. So we want to start closing those out We also closed out our iron condor in oil booked a small profit on that one Rolled down calls on our short strangle in the micro oils Rolled down calls in one of our ZN short strangles. So this one I'll get to we're actually going to take this off today As I mentioned here, this was the last adjustment At that point we're down to 37 days to expiration and Price just keeps moving down. So it's just we're gonna have to say uncle on that one and call it a loss our first short strangle loss of the year Close 10 of 20 contracts on our UVXY short call vertical booked a nice profit there over 50% of max profit on that Rolled down calls on our other ZN short strangle. We're still in good shape on that one Then we there's the opening though closed our remaining 10 contracts on our UVXY we booked over 80% of max profit on that one Closed one of our short strangles booked over 50% of initial credit. That was one of our MES short strangles And then we added another short strangle in ZN still have some really nice elevated IV so selling some more premium there So let's take a look at our Well, we've got SMH is one of our short strangles Come on toss give us an update. There we go. So we're we're up about 30% of initial credit So not not quite enough takeoff, but we're dead centered. So just waiting that one for more time decay Going over to our other options selling. Here's our short strangle in MCL So we've got we're in good shape on this one Price is hanging out right here. We've already rolled the calls down once So a little bit more profit and we will be good to go there in MES. We've got two positions left This one here. We're pretty close to break even after adjustments on that one and on this one We have not adjusted yet and price is still hanging out fairly centered then on ZN So here's the one that we need to close My toss is grinding so slow this morning right forward to catch up We were getting a little bit of a bounce pre-market in the note. So I was hoping we'd We'd get out of this at a decent spot. I guess this is the right one. Okay, so here's one of them This is the most recent one that we just put on so we haven't made any adjustments to that one yet We've got this one This one's still in good shape as well. We've rolled up the puts on that rolled down the calls on that Still fairly centered on that one and then this is the one that we need to take off. This is the one that only has 32 days expiration and we've we've We've pushed out of range. We've rolled down our calls three times if you look at a chart of notes I mean, this is just really hard. I mean, there's just nothing you can do to defend Something like this. We're just keeps going down and had a little bit of a bounce there But just just almost straight down. So I was hoping to get a little bit of a bounce into today We started to bounce Friday. We actually started a bounce pre-market now. It's coming back down So we will end up just closing that one out We've also got a short strangle in GLD Take a drink of my morning, Joe We're in good shape here. We have not adjusted that one yet up about 150 bucks there and then lastly UVXY we've got a long put vertical here in UVXY which we are up about 175 bucks on Let's go to our ducks So just two trades in the ducks we closed out our duck in SPY booked a beak profit I think ran higher really quick. So we just got out and then we added a new iron duck in SPX So we've still got two in the cues Here's one of them This one has an 11-1 expiration you can see here's the expected move So it's pretty low chance that it's gonna get back to the duck head. We might leave We'll probably close that one and then this one will leave on which has a 1027 expiration, but we still have a chance of getting into the duck head on that one We've got one in rut Right so hanging out right here in the beak And then we've got one in SPX and this one is hanging out Right here in the beak as well. So Nothing to do on those if we get some more downside in stocks. We'll look to add some but for now We're just gonna manage our current ducks and then lastly NTT So I've got four positions on three shorts One long This is moving so slow this morning, but here's I've got to sell the rip in oil. So looking for some more Downside in oil. I've got a long in the Dow Which I did on a counter trend by the dip Doesn't show here, but it actually pushed down. It was touching the candles when I got in nice rip higher So I've got one contract left on that I've scaled out of that one And then Bitcoin I'm short Bitcoin on a sell the rip now the candle just flipped back to green today So if it stays green, I will close it if it pushes lower and stays written turns red. I will keep it And then lastly I am short gold on a sell the rip So starting to come down today I got in when price was down here So I'm still a little bit down on this trade pushed up further now starting to come down So looking for some more downsiding gold. So that's it my friends. Those are all the positions Sorry for the delay getting this out this week But hope everybody has a great week of trading talk to you soon