ADJUSTMENT 30 JUL 2021 @ 10:40am ET: I am opening the 4400/4395 Bull Put for 1.80 in Credit. With a 0.58 loss on my previously adjusted SPX spread, this gives me a net credit of 1.22. Please see the Intra-day analysis video from 07/30 to understand better my thinking behind adding this position. ======================================== ADJUSTMENT 19 JULY 2021 @ 10:00am ET: ***THIS POSITION IS NOT A NEW POSITION AND SHOULD ONLY BE EXECUTED AS PART OF A PREVIOUS POSITION THAT IS BEING MANAGED TO PROFITABILITY*** I bought to close the bear call side of this position for a 1.00 debit. With the credit of 0.65 I had in this position I am left with a net debit on the remaining bull put of 0.35. To make up for the net debit, I've added an additional 5% of net liquidity to the 4285/4280 bull put which gave me 2.90 of credit per contract. With my total combined contracts, this gives me a net position credit of 0.52. ======================================================== ADJUSTMENT 16 JULY 2021 @ 11:00am ET: ***THIS POSITION IS NOT A NEW POSITION AND SHOULD ONLY BE EXECUTED AS PART OF A PREVIOUS POSITION THAT IS BEING MANAGED TO PROFITABILITY*** I went ahead and rolled my bear call from the 16 JUL 2021 to the 23 JULY 2021 expiry. This was done for an 0.20 debit. With 0.15 credit remaining from the original position, plus the 1.15 profit that was realized from the bull put that was closed when this position was structure as an iron condor, I'm still in a net profitable position. However, accounting for only the bear call side of the position, I've now exhausted the net credit of the position and have a net debit of 0.05. For this purpose, I went ahead and added a bull put to the position as well which gave me a credit of 0.70. With the two combined positions, I have a net credit of 0.65 and anticipate managing either the bull put or bear call side of this iron butterfly at some point next week. We continue to cluster at the multi-year auction zone as seen in this chart: http://tos.mx/cKMSqOU I still anticipate that the SPX will balance down to the zone below (4280-4260) before a possible migration above the current will continue. =================================== ADJUSTMENT 9 JULY 2021 @ 1:00 PM ET: The break lower that was expected to happen following the move higher last Friday (07/02) is happening and should continue down into the 4250 price level over the next week. I am therefore going to roll this position one more time to reduce the loss and, if it goes as expected, get out with a slight profit. It cost me 0.60 debit to roll which leaves me with 0.15 credit on the bear call plus the profit of 1.15 I took off from the bull put last Friday I still stand a good chance at coming out on top of this position. ========================================== ADJUSTMENT 2 JUL 2021 @ 11:10am ET: As discussed in the group review on 7/2/2021 which can be viewed here: https://thesupertrader.com/gr-07-02-2021/ , I am making an adjustment to my Iron Condor in the SPX. To understand why I am structuring my adjustment the way I am, please listen to the Group Review at the link above. This is the second part of this adjustment which involves rolling my existing bear call out in time from 07/02 expiry to 07/09 expiry, and using the existing strikes 4285 Short Call/4290 Long Call. I performed this manuever for a 0.60 debit. Including the original 1.35 of credit received from the initial Iron Condor, that leaves this position with a net credit of 0.75. To see the first part of this adjustment, refer to the bull put added on 07/02 in the SPX in the Weekly Trades Log. ================================= As discussed in the Post Market Review on 6/17, we are currently in a sideways volatile environment. Momentum and even spread directional plays are going to be difficult to come by. As such, a good old-fashioned Iron Condor on the SPX is exactly what our playbook calls for in such an environment and I've identified one that is a nice fit. Here is the ThinkorSwim shared chart: http://tos.mx/gAtcIjE If you aren't quite accustomed at how this strategy works or how to execute it, we've got a training that may be helpful which can be located at the bottom of our Options 101 Training's here: https://thesupertrader.com/perfect-trade-funnel/m4-l6/

ADJUSTMENT 2 JUL 2021 @ 11:00am ET: As discussed in the group review on 7/2/2021 which can be viewed here: https://thesupertrader.com/gr-07-02-2021/ , I am making an adjustment to my Iron Condor in the SPX. To understand why I am structuring my adjustment the way I am, please listen to the Group Review at the link above. The firs part of this adjustment is rolling my bull put up in strikes from the 4085/4080 to the 4335 Short Put/4330 Long Put. As my original bull put is nearly 100% profitable, I will receive a net credit for this maneuver equal to the credit of the new bull put which was 2.15. ================================= As discussed in the Post Market Review on 6/17, we are currently in a sideways volatile environment. Momentum and even spread directional plays are going to be difficult to come by. As such, a good old-fashioned Iron Condor on the SPX is exactly what our playbook calls for in such an environment and I've identified one that is a nice fit. Here is the ThinkorSwim shared chart: http://tos.mx/gAtcIjE If you aren't quite accustomed at how this strategy works or how to execute it, we've got a training that may be helpful which can be located at the bottom of our Options 101 Training's here: https://thesupertrader.com/perfect-trade-funnel/m4-l6/

VWAGY is sitting at a major zone support and should reverse higher from here. Additionally, based on extensive fundamental analysis, I expect Volkswagen to be a major benefactor to the upcoming Apple Event on 04/20 where they are anticipated to announce a partnership with Volkswagen. http://tos.mx/ZNK6qBh

As discussed in the Zones Workshop on 4/22/2021, I view CHPT as another solid SPAC opportunity that is at a major support level. Because it is a SPAC, I will be using the equity instead of options but see a minimum of 45% of upside from current levels over the next several months. Here is my chart from ThinkorSwim: http://tos.mx/jjhCZC3

I expect WBA to continue to see continued upside over the next several months as money flows out of tech and into stable underperformers like WBA. http://tos.mx/siRIqIu

Exactly the pullback I have been looking for to add a bullish swing position in the SPX. I expect the S&P will find support at or around the 4125 price level and continue to challenge previous all-time highs over the next week on the back of extremely strong tech. sector earnings. Here's my chart: http://tos.mx/MY0hzAN

ADJUSTMENT 04/16/2021: With no reasonable way to close this position at any point throughout the afternoon without a maximum loss I am going to roll the position out to Monday's expiry 19 APR 2021 for a 0.85 debit leaving me with 1.80 credit and look for a better exit on Monday. ========================= I expect the market to take a bit of a breather going into tomorrow. This position should benefit nicely.

I expect the SPX to continue up into the 4150-4160 price levels over the next 1-2 weeks. This is a way for me to take advantage of the upside but giving me the flexibility to roll the position out to next week if we come back down to the 4090 support level this week.

COST has followed a very predictable auction. It's 16% off of its most recent highs at a major auction zone. Although this is a bit riskier with the uncertainty of earnings on 3/4, I believe this equity is deeply discounted and holds strong at around the 325-325 price levels. Here is my shared chart from ThinkorSwim: http://tos.mx/zXpkHEp

FILLED ORDER: I expect the RUT to find solid support around the 2190 price level through the remainder of this week. Here is the ThinkorSwim Chart: http://tos.mx/D7z3cwo