 Hey everyone, welcome to this week's video update today's Friday December 4th Hope everybody had a good week of trading before we jump into the alerts in the current portfolio a couple housekeeping notes I want to make sure you are aware of so this this pertains to day traders only So if you're an annual paying pro member or you're a day trading member Starting on Monday, we will no longer be streaming via zoom We will be streaming via our new discord community platform Okay, so if you have not gotten in there yet I know a bunch of you already have so if you already have disregard this but if you have not Make sure you go to the live stream room when you log into your membership And you will see this invite link and you just need to click on that and sign up a couple things to make sure of Make sure that you use your navigation trading email So the same email that you use with navigation trading make sure you use that when you sign up for discord You only have to do this one time And then you'll be all set and then once you get in the discord room Let me pull up discord. So this is what it looks like inside Just go to welcome day traders and what you'll see here is this video, okay? There's one last step that you have to do we're trying to automate some of this But for now, this is what you've got to do just watch this little video It's about two minutes long and essentially you just need to go up to this nav bot our nav bot and you got to type in exclamation register space and then your email email at email.com Or whatever it is okay and hit enter and that bot will get you access if you don't do this You won't see all of these channels on the left hand side. So Mostly most importantly where we'll be streaming is this live stream room right here. So come Monday for our live stream That's where we'll be we will not be in zoom So you've got to be in here You've got to get access so make sure you do that this weekend if you haven't already make sure you're ready to go And you see this live stream room The other thing is to check once you once you message that bot if you just click on your name once it appears over here It'll show you what your role is so if you're a day trading member or a Pro member day trading member it'll show that here So that's how you can tell if you are registered and you'll also see the live stream room here Okay, and then pro members will see navigation alerts and positions and updates and some other things if you're not Registered like I'm showing you you will not see these you will not have access to them So make sure you do that this weekend Check it out. Give me some feedback of what you think. I know we you know We were on mighty networks community platform earlier this year We we went away from that to the new discourse to the new forum setting and the engagement really just fell off There wasn't there just wasn't a lot of people posting and and so I'm hoping that this discord kind of Reignites that engagement trade ideas a lot of a lot of members talking amongst each other Had a really good thing going and the engagement just kind of fell off when we switched over to that that new forum type Community so here's what here's the feedback that I'm looking for is We may just switch we we just may move our community into this discord platform I'd prefer probably not to have both Just because it's a it's a lot of a lot more work on our end You know double posting things and a little bit confusing if you have two different community platforms So let me know so far so good. I think a lot of people so far are liking this and That that looks like the direction we are going but I want to make sure everybody is cool with that And so you can see in inside here. You've got navigation alerts. They're automatically posted here In fact, they are coming here quicker than you're getting them by text message and quicker than they're being posted in the membership Area, so this is going to be the quickest way to get them. You can also set up notifications. So you can Download this discord app You can use it in your browser You can have a desktop app and you get notifications instantly for these navigation alerts and other posts that we make here for day traders We will also in in addition to the live streaming We will also have this day trades channel and this is where the actual day trades will be posted So not only will you be hearing us stream live calling them out, but we will now also be posting them here I've got somebody starting with us Monday who is going to be posting those live in real time So if you if you can't have the audio on and visual and you just want to get notifications of those day trades coming in You can do that here as well. So all good stuff pretty excited about this. I think it's going to be a huge benefit There's a lot of other cool stuff Like for example, there's a bot room Where you can come in here and you can see some members have already done things, but there's there's a bunch of different commands Which if you look at the pin messages There's a bunch of different commands all of which start with an exclamation point You can look up news earnings all different kinds of stuff. So just as an example I could type in exclamation news Apple and What happens is boom it gives you the most recent news on Apple So there's all kinds of stuff like that all kinds of little bots and things that can be Provide some real value for for you all as members. So give me some feedback. Let me know if you like it You can direct message me right here In in the community. We also have tech support channels You can if you have any administrative or or membership issues you can post those there or direct message We've got like I said our alerts. We've got an area people are already starting to post different trade ideas in here So that's going to be a big big deal Just a trader chat or you can just chat about anything you want Positions and updates. So just like we do in the current community We'll post all of our current positions and outlook every morning before the market opens We'll have some other categories here like earnings trades and different things if there's any if there's any categories or any Channels that you want to see let me know that Profits yes each day when I do my day trading recap that video is posted here along with our Facebook group And then some day trading stuff date trading chats We're gonna try to keep this a little bit separate. So day trading chat and then Chat for our income trade. So I kind of broke this down Income trading channels and day trading channels. So Hope that works for you all and we'll continue to make this better as we progress So this will be a little bit of a work in progress and your feedback is always appreciated. So let me know All right with that Let's jump in to Thinkorswim take a look at the markets kind of a late-day rally S&P's at 25 hitting new all-time highs once again NASDAQ hitting new all-time highs once again actually Actually today fell just short yesterday. It hit all-time high Russell on fire today Russell was up almost two and a half percent where the other indices I mean NASDAQ was only up a third of a percent S&P and Dow were only up point seven point seven four respectively Vons continue a little bit of a slide and so I think You know big picture here. I think I think we're just gonna continue to crush Crush new all-time highs and stocks which that doesn't mean we're not gonna have a pullback here there, but I think it's up up in a way I don't think any I don't see anything stopping this thing in the near term. So Hopefully we do get some two-sided action Hopefully we do get some pullbacks get some spikes and implied volatility to create some more opportunities But we'll continue to add new positions into next week because we're still somewhat light on our overall positions So we definitely have some room to add some positions. So let's jump into the alerts first and then we'll talk about the about the current portfolio Real quick one more thing on the live stream and the day trading just to give you an update this week in day trading We booked a total profit of two thousand one hundred and thirty one dollars and seventy five cents You can you can check out in discord Just go to the the profits channel and I do the day trading recap and I recap the week there So I'm not gonna not gonna double up and talk about that again here But just know that I did that there so you can check that out We will in this live stream room Here when you log in your membership, you're still gonna have access to the calendar Which is we'll continue to update if there are certain days. We don't live stream We will be streaming every day next week Just keep your eye on that calendar and then also the archived dating day trading streams are in here as well So every day After we get done streaming these are uploaded and you can go back and check them out if you need to go back for something or If you miss it and you just want to go back and see what happened all right, so Alerts let's go to the alerts Starting with let's go to Monday November 30th to start Our first trade of the week was SPX. So we added a weekly double calendar Excuse me that we didn't have another one, but we we entered a new weekly double calendar with four and seven days to expiration Price of SPX obviously like I just showed just rallied so it pushed out of our range So we ended up closing it for a loser today Could have closed it yesterday for a small winner But I was looking for a little bit of a continuation lower after some late-day weakness on Thursday, but didn't get it So ended up taking a loss on that trade Zoom we did an opening earnings iron duck in zoom. So zoom announced earnings We opened this up the day before and we ended up closing it out today for basically max profit Which is I think we booked $700 total. We booked we just closed it out about an hour before the market closed So a nice duck head in zoom Closing trade in SPX so we had an iron duck in SPX we closed this out price ran higher very little chance of getting back to the buck Duck heads so we just booked a beak profit on the trade $107 on that one SPY iron condor so we opened another SPY iron condor So let's go to the platform and take a look at SPY. We've now got two iron condors going on one in December December has Let's see December has 14 days left. So we've got a little bit of time left on this one It's been hanging out in the upper end of the range We were close to booking it when price was a little bit lower and then it just ran higher on us So if we get a little bit of a down movement into next week Well, we should be able to book at least 40% of max profit. So that's what we're looking for there If it continues around higher, we may just close it out instead of just closing the The untested side we may just close it out because it's so close to expiration. We did add another one This is the one from the alert and you can see this is pretty pretty well centered here Pretty close to where we put it on Now one thing I mentioned in the alert comments is implied volatility the IV percentile IV rank is pretty low Remember, but remember what IV percentile And IV rank remember what those do they they rank the implied volatility Based on where it's been over the last year over the last 252 trading days or a comparison to it's yearly high and low Well implied volatility has been extremely high all year with the coronavirus with the election with everything else going on And so even though the IV percentile is low There's still a lot of premium in these options because it's low relative to where it's been earlier this year But relative to where it was last year for example, it's it's actually pretty high So just keep that in mind and that's why we were okay with adding another one here I just to collect some more credit extend duration on this SPY iron condor trade and so that's where we're at with SPY Next trade was rolling dusting trade in QQQ So this is one of our short call verticals in QQQ just rolled from December to January with the up move We just kind of got out of range. We wanted to get back to a positive Delta position So we went ahead and rolled it out. Just there are strikes prices just inside range here pretty close to where we rolled it Next trade opening trade in Tesla. So we opened up an iron duck in Tesla We anticipate Tesla will continue to have strength, but with the iron duck. We have that big buffer to the downside So Tesla is up about another percent today So you can see prices run up the beak hanging out right here So we got this huge buffer to the downside if it does see a down move if it rips higher we'll book our big profit to $168 and so you can see Tesla just continuing strength just just hanging out just under all-time highs So I expect this thing to just blow through that probably early next week. So we'll see Next trade we did a true. We did a trade in a symbol that we don't do much in I'm not sure we've ever done an official alert in CRWD, but CRWD had earnings and They opened up above the expected move. So we put on one of our post earnings trades in this case. We used a long call We were expecting price to continue higher and it did just that so we booked a nice profit of about seven I think it was exactly 700 or right around $700 on this in just one day So we put this on yesterday and took it off today Let's show you a chart of CRWD So you can see we had earnings here is I marked on my chart This was the expected move to the upside right here. It opened up here price started to come down I did this live in the day trading room as well price started to come down We got in and it shot up. We were at 50% of max profit even even yesterday on this in the same day I was looking for a little bit more and then it ended up coming back down But you can see what happened today just exploded higher hit a new all-time high And we booked over a 50% profit in just a day in that one So that was a closing trade that was a closing trade in zoom I already mentioned And this was the closing trade in SPX that I already mentioned. So those are all the alerts for the week Let's take a look at some of the other positions Starting with ES. We've got this long put vertical You can see price is just at a range here. We need a little bit of downside to get back into range We're currently at about one-to-one on our short delta versus our theta ratio And I'm good with that. I like that. I like that level at this point Price really gets extended to the upside. I'll start adding some bunkers and some other short delta plays But for now, I'm pretty bullish on the market overall And so I don't want to have too much short delta, but I still want to keep what we've got on Just in case we do get a pullback Natty gas so this one this one we prices way up here and we had a nice Profit since our roll and we were planning to roll this week and price just went on a real slide to the downside You can see this move. It's had this week So it bounced a little bit today We'll see if we get a little bit more of a bounce into Monday and we will roll this we're at 20 days Oh, no, we're at 24. I was thinking of bonds. We're at 24 days to expiration So early next week, we will be rolling this regardless of what it does Hopefully we get a little bit of a bounce back into the profit range If not, we'll still roll it and then we'll roll these calls down If we look at just the untested side just the call as you can see There's very little value in those but I wanted to see if we get a little bit of a bounce higher Before we make that roll. So we'll see what happens Monday. We'll probably roll this Monday or Tuesday Bonds kind of a similar situation We've had a pretty significant Downside in bonds. We were we're at a point where we were profitable on this trade after all rolls and adjustments And then it just slid down So now it's hanging out right at our break even to the downside if we look at our untested side similar situation There's very little value left in those and this one is down to 20 20 days to expiration So we'll be we'll be rolling this on on Monday To extend duration collect another credit give it a little bit more time and and try to book a profit Hopefully we get a little bit little bounce in bonds as well Bonds have been on a real downhill slide You know just kind of lower lows lower highs lower lows lower highs had a little spike And then I thought we were gonna push a little bit higher and we just kind of fell apart So we'll we'll probably extend duration on that one and and continue to keep a bond position on Apple We've got this short delta play in Apple. It's a long put vertical You can see prices hanging out right near the break even just need a little downside to get back into the action there Amazon we've got an iron duck that we put on last week prices hanging out right here just inside the beak So we got a lot of room a lot of potential for a duck head if we get a little bit more downside in Amazon If not if it rips higher We've got this beak profit of a hundred and seventy eight dollars that we'll take and this this expiration is on 1212 if you take a look at Amazon it has not been the most bullish stock in the world lately I mean, it's just been kind of had this big downhill slide Last month and then it's just been kind of chopping around. So we'll see what happens in Amazon DE finally getting a little bit of downside action in DE after a monster rally So we've we're up about hundred and four dollars on this on this short call vertical since we did our last adjustment DIA another short delta play We've got a short call vertical just outside the range there need a little downside to get back in this one's in December So we've got a couple weeks in December. So we will either roll or close that in the next couple weeks Same with IWM now IWM like I said Russell up over two percent today big big move So this one's out of range. So we'll probably roll this one out to January next week We're in December in this one as well Same with QQQ. We already rolled this one. I already mentioned that in the alerts SMH. So we've got this adjusted strangle Prices moved out of the range. But if we look at the untested side, we've still got still got a little bit of premium left in these puts So we're not gonna we're not gonna roll those up yet We would like to get some downside on SMH you can see this is hitting new all-time highs So if we just get a little bit of pullback, you know back to back to this level here We'll be in really good shape in SMH SPX So we've got an iron duck in SPX with this late-day run up today We're we've moved quite a ways up the beak here. So most likely we'll just book this for beak profit We have until 1210 is our expiration on this, but You know, we've got if we set our price slice here to If we move our price slice up to the edge of the beak here, you know We've still got we've only got about a 13 and a half percent chance that we can get back to the duckhead So if price stays right here on Monday moves a little higher and we and we're able to book that full beak profit We'll just we'll just bounce early and look to get some more of these new ones on into next week I mentioned SPY I mentioned Tesla XLK another another Long-put vertical need a little bit of downside action to get back in there. So those are all the alerts Those are all the positions if you guys have any questions, let us know Otherwise we will talk to you on Monday. Have a great weekend