 Hey folks, it's Hari Swaminathan wanted to do a little recap of the week one and if you see we had two trades the two trades were Amazon and Baidu and both were spreads and We filled the Amazon spread at 1.45 debit. It's a $5 spread. Both of them are $5 spreads and in Baidu We had a 1.51 as the spread and so on the first day it was up about 320 so we started the week with I had an overall PNL of 215 0 to begin with so that's where we started so Anything you know above 215 0 is what the profit would be for these trades the first day We had about 320 and then we left it at that for that day, but the next day the markets took a big crash Hey everybody, it's Hari Swaminathan from option tiger comm today's Thursday, October 11th As we can see here the markets have taken a pretty big beating especially yesterday was a huge huge down day Now today in the pre-market it's it went down even further, but it's recovered about 20 points from its low So that's a pretty encouraging sign there And so I think the bottom is near if not today perhaps tomorrow one or two more days of selling but The markets have come down from 2950. So this is about a five to six percent correction already And so I think it is near near nearing the bottom at least temporarily unless there's some much more deeper problems Which we won't know until next week, but as of now, I think this is a pretty Decent side now, let's go take a look at our positions and as you can see it's not suffered too badly at all That's because we already had it in a self-edged mode Amazon of course had a three four hundred dollar profit We didn't I didn't close it then but I think any little bounce now we get We should we should take advantage of it I'm not sure if today is going to be the day perhaps either tomorrow or next week There's still 15 days left for expiry and both of these are in the earning cycle, you know series So I think we are good. We'll just leave it at this and I'll pick it up again later. Thanks Hey everybody, it's Friday and markets just opened and as you can see Positions are recovering there is quite a bit and so I'm going to buy two contracts back of the Amazon And book some profits on that you can see that there's a huge profit on the shot so I'm gonna just buy two contracts and Let's see if you can get it filled It's at going at 26. So now if you see the If you see the yeah, it's going at mark and if you see also same thing with Baidu We got a profit on the short call. So I'm gonna book some profits I'm gonna take the entire five off of on Baidu. So we have about a hundred and forty dollars there So I'm gonna buy five five of them back and book the hundred forty dollars I want to let the longs run a little bit because it looks like the market wants to be up. Okay We got filled on Baidu and so now the only one left is is Amazon the two contracts. I'll try to get it filled You know, we'll just let it be at 26 and the mark is 25 point something So I'll just let it let it be as is and then we'll see if we can get it filled Or I'll just change it and give it a higher price and see if I can give it around 26 25 or something like that and we'll see if we can get it filled So I'm gonna pause it here and then we'll come back So it's still we're giving a better price than the mark So we should get filled and you can see on five contracts. There's a profit of about 14,000 So on two contracts that would be That would be on two contracts that would be about twenty eight hundred dollars, I believe so I'll pause it And I'll come back Okay, markets are pushing up higher. You can see the profits are developing nicely So I want to I want to be able to take advantage my Amazon is Is has been filled and so we booked that twenty eight hundred dollars there approximately and now you can see the Baidu Long is also doing well. So I'm gonna book that as well. So I think overall We are doing we can do the numbers later But basically I don't want to take a risk because this could just be a relief rally now You can see it's gone up even further. So Amazon is up about eighty dollars And so this is a good time to close out the position actually because who knows we are getting into the weekend and then On Monday this whole thing might well, you might vanish again and the markets might go Bearish so what I'm going to do is just take three contracts the spread itself off first And then we can deal with the two contracts So in any case, I'm going to pause it here and it should get filled We got a nice profit and you can see both on Baidu as well as Amazon. So Totally, I think we may make About five hundred dollars on each. So that's not a bad. That's not a bad one at all Now what I'm going to do is now close two contracts because we already have three on the spread So I'm going to close two contracts of Amazon the long. It's at eighteen or four So the longs have had a chance to build in the profits now So I'm going to just try to close two contracts and then we'll worry about the three contract spread Okay, so they would go with the two contracts are sold And so now you can see our total profit for the day is 1360, but we had a negative coming in So I think about 900 to a thousand is what I'm looking at so here But in any case, I'm going to close this position out and we'll Okay, folks, it's the weekend and Amazon got filled I had to fight with it a little bit on the spread But now you can see our total profit for the year is three one four five So we started out at two one five zero and now it's three one four five And so that's that's a thousand dollars and I would say of approximately five hundred five hundred for each So if you wanted to do a ROI calculation, we know we had five contracts and we paid Approximately one point four for for Amazon a by-do and one point five for the other So basically for five five contracts is five hundred Five hundred shares and we paid let's say one point five So we paid seven hundred fifty for each and we got a return of five hundred dollars on seven fifty So that's a you know almost a two-third two-third Return so 66% return ROI on both the trades and so now I'll be looking for new trades coming up this week Looks like the ES or the overall markets have in fact turned around as we thought they would the previous day And on Friday was a good day. And so I think we are back to the bullish bullish side and Let's see if we can pick out some good trades. The good thing is with all the downdraft Where you have stocks that have been beaten down quite a bit. And so there'll be quite a bit of Buying opportunities. I expect about three trades coming out this Sunday night. So if anybody wanted to join the The October November program, you're still just they're still just in week one. We're gonna start week two So feel free to join you still have seven more weeks And if you're following the trades, then something like this would work very well And especially now the markets are positioned. I think to go up nicely So it's gonna be a good good couple of weeks and the in general the year-end is always there's a rally And so it's a good time to make some profit. So look forward to seeing you guys inside. Thanks