Weekly Income Alert – March 13, 2026

Good morning, folks.

Let me know if you can see both me and this chart in the comments just really quickly.

Yes. Oh, okay. Wasn’t totally sure. All right. Well, good morning.

Obviously, you know, markets have been pretty rattled for obvious reasons recently, so we’ll get into today’s trade. But before we do that, I kind of just wanted to add some perspective as I usually do when I do cover for Marc, on one, why we’re doing these trades and two, why we’re not doing these trades.

So right now I have a chart of the Russell and this is an indicator that I created for myself that I like to look at.

And basically it gives perspective as to how much the Russell or any index tends to drop down over a certain time period and what the likelihood is of those drawdowns for a given period of time. So I’ll run through it very quickly.

Basically we usually look at options that are expiring three weeks out. It’s about fifteen trading sessions, twenty one calendar days, but it’s about fifteen sessions of trading. So this is looking at fifteen day windows in the Russell over the past year and it’s calculating the drawdowns from the start of that window to the end of that window because we’re trading cash settled options.

If they weren’t cash settled, we’d have to look at the low price in that fifteen day period. But these are cash settled, which is better for us risk wise. So long story short, we’ve got percentiles here.

And what I want to show you is that usually as we’ve been trading the Russell, we’re not really hitting drawdowns that are dramatically below average. So as you could look right here, the fiftieth percentile meaning that fifty percent of the time the drawdowns had been no more than two point eight or three percent, over a fifteen day window from start to finish, right? And this is part of why we use three percent historically. And we’ve said this before in our back tests, this is how we more or less determine this rule of thumb of three percent. But right now in the short term, obviously we are seeing a bit more volatility.

So I’m gonna adjust this for you live just to let’s just look at the last ninety days, kind of a short period, but as you can see, it still shows three percent.

But if you just look at the price action, it’s a bit more sideways and it could be trending down if you look from here, but long term is still it’s kind of stable. And so what do we do in that instance? Well, normally we just stick with our three percent rule, but we have discretion. I think we should use it to sometimes expand on that.

So right now I think a good rule of thumb is to expand to five percent and that you don’t see that here, but that would be about the eightieth percentile window instead of fifty. So that just gives us a little more room for error, I guess you could say. And I say error because what the reason we don’t treat this strategy is because, or let me rephrase that. One of the reasons we use this strategy is because it allows us to not have to worry about predicting where the market’s gonna be.

And so another way of saying that is we’re not trading this because we know where the market’s gonna be. Okay. We don’t know where it’s gonna be in three weeks. We know where it tends to be or we know how it tends to move over three week periods.

So I’m saying all that to say, I’m not gonna get on here and try to predict where I think the Russell will be in three more weeks or in any other stretch of time because that’s not what the strategy is designed around. It’s designed around being adapting to however the market moves, especially the Russell. So for now, we’re gonna stick to what we have been doing for a bit, which is the iron condors. And that’s because that works really well in a sideways market.

You could use it if the market’s going up as well, but, Marc has been using it more so as a way to keep things steady in a period of uncertainty.

And that’s been working well for us up until today’s trade. Today’s likely going to be a loss. We are looking the Russell’s around, let me go to swap twenty five point zero six.

And so we’re likely going to, unless it jumps dramatically higher today, take a loss on this position. But we also took in a lot of premium upfront because it was an iron condor. So while it will be a loss, the risk profile with this is still better than had we just done a vertical put.

And so likewise, we’re gonna move forward doing that. Not because we know for certain where the market’s gonna be, but because at least we’re getting paid higher rent for taking on this risk of being in the market.

And so for today’s trade, the question is whether or not we want to close it now or wait for it to expire. So I’m gonna switch over to Schwab and, right now, this would be today’s, actually these should all be switched because we would be closing it out hypothetically. But if you look at these prices, this is basically where we land as far as the current price.

And so we got into the position and collected, let me double check here, six hundred per iron condor.

So if we close this out at ten, we’d be taking about a four hundred dollars loss.

Grand scheme of things, that’s not all that negative, but nobody wants to take a loss in general. So I can understand if that’s frustrating. But I think in the long term, you’ll see that with these iron condors, they still end up protecting us in terms of our total cash being risked in this strategy. So I’m thinking we should probably close this out early instead of waiting to see it expire. It’s not impossible for the Russell to jump up, but, you know, it’s looking more like it probably won’t for us to not have a loss.

So let’s walk through what that looks like. So right now these are flipped. This would be if we were selling to open this iron condor. So you would want to, let me go through these systematically. So these are the, this is the put side up here.

So we would want to buy to close the short put. So normally we would sell this to open. So we buy to close and the other put we would be selling to close. Normally we would buy to open. So it would look like that.

And then on the call side, we would be buying to close.

And for the long call, we will be selling to close. So these should say to close and they should be the reverse of what you did to get into the trade.

So again, right now, looks like this is the midpoint.

I would say about ten dollars if we’re gonna get out nine ninety five. Let’s go with ten that’s been hovering more around there.

And then since we’re closing, normally we’re hammering down on the point of making sure this says credit.

Okay. But as you can see in this case, we wanna make sure in this case, we want it to be debit because we’re buying to close.

So debit and it doesn’t matter if it says walk limit, limit, debit is the key word here. Okay.

I’m looking at some of these comments. Looks like there’s a little bit of confusion.

Why would we close with a hundred thousand?

Right, so the reasoning is not that we we don’t need to close both sides.

Generally, as a rule, I look at these trades as a single instrument.

So we could just close one side, but ordinarily you want to enter these trades as if they’re one position. So I personally, I mean, I know Marc tends to treat them as two different sides.

You know, if the group looking at the comments, I think people are probably preferring that.

If we want to do it that way, we could just close one side of this.

It looks like that’s probably what more people are interested in doing.

Let me just keep looking at the chat here.

Well, there’s a lot of chatter right now. So let me actually pause and try to address some of these before we continue because I think there’s a lot of questions.

Okay, one of them that I see here off the bat, and I think this is gonna be pretty universal, why bother at all if ultimately you’re gonna pay commissions?

That’s a good point.

Normally the strategy is to let these things expire.

We do want to get out early if we can at least recoup some of our money instead of having a full loss.

And generally speaking, if we’re going to pay some commission, the commission’s not going to be so high that it’s not worth the bit that we’re keeping in terms of not getting a full loss.

The question I think is whether or not we want to close both sides of this. Again, my thinking with iron condors is I treat these as a single position, not as a vertical put and a vertical call.

But I know that Marc has tended to sometimes treat them as separately and only closing one part.

So we could do that.

And it’s a lot of chatter today.

And that would at least let us keep the side that is winning.

So let’s actually just focus on that right now.

Okay. So I’m gonna go back into, I’ve got multiple tabs, I’m sharing one right now.

Let me go back to, okay I’m actually currently on it.

So right now this side which is the calls would be expiring worthless for obvious reasons.

So let’s go ahead and remove this part of the tree. Okay.

Now, we did that, as you can see, this would be the side that we are getting almost all of this cost from because these are going to be likely in the money.

So if we, right now it’s going up a little bit, but if we stick to the ten dollars mark and just sell these, I think we should be good to go.

I was hoping to see if it went down a bit. It’s going down, but I don’t know how stable that is.

Let’s see.

Looking at the price in another tab right now.

Yeah. Right now things are still moving down. So I would say let’s just stick with the ten dollar mark on that.

So let me go ahead and put this through.

Yeah. And if you wanna let them expire, there’s nothing wrong with that as well. I mean, this is more of a discretionary decision, but you have no obligation to do this, but I’m still gonna put the trade through.

Just I’m gonna type it up real quick.

And again, I’m just typing up the trade instructions.

Normally, would have these prewritten, but wanted to talk through this before we actually decided on course of action.

Should have posted.

Okay. It looks like okay.

Alright. Now let’s talk about, the upcoming trade, which we’re running into a week where we’ve got Good Friday, markets will be closed and in looking at that trade, I’m gonna switch tabs here.

Okay.

Sorry. Looking at the wrong here we go.

Okay.

That’s the intraday.

Okay. So, yeah, three weeks out we’ll be running into Good Friday. So we’ve got a couple options for that week. We’ve have options expiring the thirty first, which are before, and then we have options expiring on the tenth.

So either we will be adding an additional week to these trades or we’d be cutting them or the days we’re holding them a bit early.

I would prefer to go a bit early rather than later again, because of the way the market’s been moving. I think it makes sense to not be in the trade longer.

So what we’re gonna end up doing is looking at the thirty first, Get this back.

Get the thirty first.

And then let’s see right now we’ve got twenty four point nine six. So, as I mentioned earlier, we’re going to look at about five percent out of the current price.

So right now twenty four ninety six, that would be about Let’s do math real quick.

Twenty three seventy one on the short puts.

Twenty three seventy one. Let’s see what that looks like.

Twenty three seventy, and then we’d have ten dollars beneath that. Let’s make sure twenty three.

Okay. Let’s see what this situation is here.

We look at the tenth.

Interesting. I’m not totally sure what’s there.

Got reset to the same.

Let me okay.

Double check this.

Okay.

Interesting.

Alright. So three thirty one of all of these.

Oh, I think I see what’s happening.

Okay. Well, let’s start looking at the other sides. That would be twenty four ninety six.

So that’d be twenty six twenty ish on the call side.

Just making sure everything is okay. Yeah. Looks like everything is set up correctly.

Got the post calls. Okay.

And four sixty, four sixty.

Yeah, I think that’s probably could put four sixty on these. So, again, this is a position we’re opening.

So we want these, so I’ll say open and you wanna make sure this is now saying credit. So when we were closing, it was a debit.

We’re opening this, we’re gonna collect premium. So again, this should say credit.

Okay.

So yeah, I prefer this to the four ten, the April tenth only because, you know, again, if we go further out, we can collect more premium, but again, we’re in the trade longer and given the way the market’s been moving, it’s just better to just come in a few days earlier rather than a whole week out.

So, for just a few less days than we normally hold these, you know, this is not a bad premium to collect. So I think it’s gonna be worthwhile.

Okay. So let’s, still floating around four sixty. So let’s go ahead and assume that that will be the limit price.

So I’ll go ahead and type that up.

Oh, yeah. These are flipped here, actually.

These should be oh, no. These are correct. These are correct.

Looking at the order. Okay.

Yeah, I’m sorry. I scrolled up. Yeah. There’s four legs here. Yeah. Just to be clear. I had scrolled down and this one was, missing from your view, but there are four legs here just to be clear.

So I’ll go ahead and type that one up.

Also, I I have noticed some people have been mentioning that the view looks blurry. I’m not totally sure why, that would be.

I could try zooming in a bit.

Not sure if sure if that helps at all with the blurriness. Normally, I’ve never had that mentioned in the chat before, so let me know if that helped at all.

And you’ll see this, come through the chat shortly, the trade.

I should have.

Oh, I see.

Okay. There it is.

Now as far as Where is the okay. I okay. I see the the trade is now in there. Did not see it at first.

Okay. Now as far as the question I saw, someone mentioned, you know, three percent maybe on the call side, five percent on the downside.

Yes, we could have done that. It makes sense why, you know, if we have a downside bias for where we think the market’s going to do it that way.

Again, I like to think of these trades, especially design condors as a single position.

So I’m not trying to assume I know the market’s gonna go down versus up.

I’m assuming volatility on either side could be wider.

And so that’s why I’m keeping it five percent on both sides. If I was more or less betting that the market would go down, then I would be tighter on the call side of the spread than on the put side.

But if we were that certain or if we were in a clear downtrend, that’s where, and we’ve discussed this in the past, we would probably just do vertical calls. We could do the iron condors, but if we just did the vertical calls, we would basically be doing what we’ve done over the past almost year where we are trading one side of the, well, one side, but we’d be trading on the trend and not just uncertainty and sideways motion. So when the market was just going up and up, doing vertical puts made sense, low risk. And if we added the calls, we could have made more money, but we’re also increasing the chance of getting caught on those because the market was going up.

So we could have done the three percent rule on the puts and let’s say five or six percent on the calls. The whole reason we’re even using iron condors right now instead of just all the time is specifically because of market uncertainty and not being sure which way the market is headed. So I’d rather just assume volatility on either side could be more than usual.

And so I’m going with five percent on the call and the put side of the iron condor.

Okay, let me check some of these other questions you’ve got.

You send out the trade. Yeah, the trade, if you look at the trades tab, it’s in there.

I know it took a second, but I do see that it’s in there now. So you may want to check.

I don’t see it in the chat, which I thought usually would pop up there, but it’s in the trades tab.

Okay.

What about the fourth leg? Yeah, if you look at, actually I still have it up, There are four legs originally, well not originally for a brief moment I had scrolled down.

So it looked like there was only three, but there are four. Whenever we do these trades, if it’s an iron condor, there are four legs.

If we’re just doing a vertical put or a vertical call, there are always two legs.

So you should never see an odd number is basically what I’m saying.

So even if for a moment it looks like there’s a leg missing, you know, obviously call it out, know, it looks like it’s not added to the the trade that you see me or Marc building, but it was just scrolled down. So it was just not showing at that moment.

Okay, I see a few people mentioning, back tests on the iron condor. So yeah, I did back test this strategy, and basically I took not only the trades we’ve already made using the vertical puts, but I look further beyond that. So I did the same sort of analysis that I did for the vertical put strategy.

And I assumed if we were doing both sides, so we did calls as well. And again, assuming an even margin on both sides. So if we’re doing the three percent rule, we’re doing three percent on both sides. It wasn’t a three five split or anything like that. And so I took the track record we’ve already had over the past year and I assumed the same logic on the other side.

And then I also looked further back for periods that where there’s been down trends and etcetera.

And more or less the iron condor strategy had pretty much the same success rate, which is actually great. You’re collecting more premium.

Now we’re not doing it all the time because ultimately you are introducing another side where there’s risk of loss, but when things are working well, you are collecting more premium. And ultimately it is a very risk managed strategy.

So I’m very comfortable with iron condors being something that is used whenever we’re just not sure where the market’s headed. We just want an extra hedge.

But as far as it being something that we’re gonna use all the time because of the extra premium, that’s not currently likely gonna happen. But you know, when data changes, when the numbers look promising and there’s a reason to maybe use those more often, you’ll see us do it as we have been recently.

And then if there’s reasons to think, the market’s in a very clear trend up or down, we may just stick with vertical puts or vertical calls.

And so ultimately this is all about having flexibility. And this goes back to what I mentioned in the very beginning. This really isn’t about being confident in where you think the market’s headed in the next few weeks. It’s about having something in place that lets you collect rent on the likely path it’ll take. Even if it goes down, is it likely to go down more than three percent, five percent, etcetera?

It’s not going to go down. When it does, it’s usually in this range. So we should be good.

And so again, now, know, things are moving down, but in the longer trend analysis, it’s still not exactly a bear market. You know, it’s not a huge crash.

It’s an emotional disruption really.

And I don’t like to make emotional decisions. I don’t wanna deviate from things that are working or that tend to work because, you know, everybody’s getting sentimental.

Obviously what’s happening right now in the Middle East is very concerning.

If I had to reduce my thinking around that to two basic statements, it’s one, when isn’t there something bad happening in the Middle East?

And two, there are a lot of incentives for things to not get too carried away, but this is as carried away that we’ve seen in a long time. So it makes sense to be cautious and the emotions we’re seeing in the market are justifiable, but we still need to be disciplined in how we actually trade.

So, we’re not gonna do anything drastic. We’re going to do things that are moderate.

Again, we’re not gonna just flip over to call spreads right now.

We’re gonna stick maybe with our condors a little longer, maybe widen up the margin that we have between those strikes and the index.

And then we’ll see how things go, you know, week by week. So, and obviously we’ll be here to, offer guidance and hold hands.

So, k, would appreciate your thoughts on rolling the put side out a week or two instead of closing.

You are more than, you know, if you if you wanna roll any of these trades once they’re closed or, once they expire into new trades, you know, know, please have at it. We don’t factor that into how we’ve back tested the strategy.

We calculate the success or the returns of the strategy based off assuming every finished trade gets rolled into a new one.

But that aside, if you are doing that, it is going to work out quite often.

But now what you’re doing if you do that is you are kind of ratcheting up how much capital you’re putting over time, assuming things are growing into each trade. So we’re just assuming every week again for the back tests, you got one contractor, two is an iron condor and we’re not assuming an increasing amounts of capital per trade over time. So realistically, rolling trades makes a lot of sense, but just in terms of how we present the track record and the performance, we’re actually keeping it a bit more moderate to fairly show the average performance of each position.

Obviously, if you know, was here, Marc is trading these in his account and so there’s actual growth he can show in cash terms of his portfolio. When I get on here, I’m not usually executing the trades because one, this isn’t really an account I use. So when I get on camera, I have this account but this isn’t really where I trade out of.

And then two, Marc’s track record in his actual portfolio is what we try to base our entries and exits on. So, you know, Marc’s on here, he can also speak to the actual cash growth in that portfolio and not just the back test or the statistics on track record, the track record we show online just like you, he’s got money in this strategy.

So, long story short, yes, you could roll these.

We’re not presenting the track record as if we are rolling them, but it is something you can do and it often makes sense to do.

Okay. I did see some people said they were filled and I see some people said they haven’t been, just maybe, it may depend on the broker. It might just, you may just have to wait a bit, but ultimately it looks like enough people have said they have been filled. So, for the rest of you, I would just maybe wait, you know, wait it out. Again, normally we are doing good till, end of the day orders. So, if you don’t get filled, which is always something people ask, if you don’t get filled, I never considered at the end of the world. I mean, you could try again and put in a new entry on Wednesday or Wednesday on a Monday or something.

But the way I see it, if you’re not filled, it wasn’t meant to be, I mean, you know, it really comes down to, you have to have some rules that you stick to as far as discipline. And that’s just one of them. You set the number you wanted beforehand and if it doesn’t work, you’re just not in the train. But again, you can all do whatever you feel comfortable with. That’s just how I usually roll.

Let’s see.

Why is this trade r u t w rather than dollar sign?

So the dollar sign, that’s just kind of nomenclature in the brokerage account. We’re talking about the same we’re talking about the same instrument, their weekly options. Whether you see the dollar sign or not, it’s just a matter of just kind of the way that the brokerage calls that data.

Sometimes they’ll have dot R U T W or dollar sign R U T W or you won’t need anything, just put R U T W, it depends on the broker.

So this isn’t a different trade than normal. It’s just a nomenclature thing.

Assuming we get filled in this, how much is the loss per contract? So these trades, the iron condors, they still have a max loss theoretically of a thousand because of the way that we set these up. We’re collecting more premium so our actual max loss is pretty low. So if we get filled at four sixty then our max loss is the thousand minus four sixty. Okay, so that’s five forty.

So ultimately, you know, you’re getting a bit more than if we were just doing one side of these. It’s like the vertical puts.

So on the face of it, there’s actually less capital at risk, but the chances of hitting one of those strike prices on either side is increased. So that’s the trade off. You’re getting more premium, but it’s not free money. It’s you’re taking on a bit more risk, But overall it’s still very controlled.

Let’s see what other questions we have.

Yes. And as far as, hand holding, you know, teach their own, you know, I knew when I said that, it would, ruffle some people’s jimmies, but okay, ongoing, could you please note the breakeven and max Russell needs to be when iron condor is, has been made? Yeah. So basically, if you look at both short strikes, so the two strikes that we are selling to open and they’re gonna be the prices closest to the current price of the index, that will be the range in which we can walk away, you know, with the entire premium that we collected.

When it goes past those strikes, that’s where, doesn’t mean we’re gonna immediately lose money, but that’s where we’re now collecting less than one hundred percent of that premium. Okay, and so just depending on the way the market moves, sometimes it may or may not make sense to get out early to keep something or to minimize loss, but when it’s in that range and most of the time it will end in that range based off our analysis, we’re walking away with the whole premium, just like with the vertical puts. If it doesn’t fall beneath that short strike, you know, by the time it expires, we’re good.

We collect all the money. We don’t need to spend anything to get out of the trade.

So it’s the same thing here, but we’ve got two strikes that we’re looking at. So basically on, March thirty first, if it closes at, between that twenty six point two zero and the, twenty three twenty three seventy, then we walk away with the full premium.

Can I just let today trades expire? Wouldn’t it be the same as closing? You can definitely do that. There’s nothing wrong with just letting expire.

It’s just a matter of whether or not you wanna collect what you can while you can. But I mean, at least psychologically, sometimes it’s just easier to just walk away from it and move on.

Again, when we back tested these and this is also true for the iron condors, we back tested the strategy assuming that we always let it expire whether it’s in the money or not.

So our testing of the strategy is not assuming we’re getting out early and trying to collect what we can at anything. So on paper, we factor in max losses, into our backtest.

And so that’s part of why we are confident in these strategies because we’re actually assuming worst case scenarios when in practice we’re usually avoiding worst case scenarios more often than on paper with the back tests.

Obviously not all the time, but sometimes we are able to walk away with a little something or not a full loss.

So ultimately that comes down to preference if you just rather let it expire, but sometimes it’s also just easier to not, you know, think about the trading more and just get out and take a little bit of what you can.

Iron Condor worked out great for today’s close, reduced our loss by about half of what it would have been versus just the put spread.

And that’s correct. The great thing about these iron condors is the fact that you have another side of the trade that isn’t losing, right? So there is some recuperation in kind of a roundabout way of the loss on one side from the win on the other side. And so they tend to balance each other in that sense. That’s why I always like to look at these as a single position.

Obviously you can close this one part but I really like to think of them as cohesive position that I either want to be all in on or out, but that’s just me personally.

Yeah, no, we would have been better off with this versus if we had done just a vertical put.

Someone’s mentioning if the Russell comes up between these numbers to be careful for assignment as unlikely as that is. Just keep in mind that what we’re trading are cash out options.

So we don’t ultimately have to worry about actually being assigned.

I mean, are not stocks, but, you know, shares or, you know, if this was an ETF or something like everything’s cash settled, meaning you don’t have to worry about actually having to buy the underlying. In this case, this is these are directly options directly on an index. I mean, can’t directly buy the Russell anyway.

So that part of, again, why we are doing this strategy. There are plenty of other assets out there, ETFs and stocks obviously that we could also do this on.

And there may be a time where we do that if the data makes sense, but a key reason why we haven’t done those things yet is because there’s a lot of advantages with a cash settled option set up. And if we’re going to venture out to say stocks or ETFs on other indexes or benchmarks, or who knows, the math has to make sense where we are avoiding the likelihood of assignment.

And that’s gonna require a higher standard, honestly, to make sense of those kinds of strategies because now you’re talking about potentially getting assigned before it expires.

It’s not just a matter of where it closes at, it’s a matter of the lowest price it is during the whole holding period. So things like that are things we consider and in the future, if we develop those kinds of strategies, we are thinking about those things.

Okay, been filled at four fifty five. Yes, right now I’m seeing a few people saying they’ve been filled at slightly lower than the four sixty earlier. Some people did get four sixty. So again, I would just wait, you know, just wait for the rest of the day. And if you don’t get filled, which I don’t think is likely, but if you don’t get filled, it wasn’t meant to be. And it’s nothing wrong with that. I’ll constantly say this, there’ll be a new trade another time and we’ll just move on.

How are we standing on the next two weeks of trades? So actually, let me go ahead and look at that real quick. And then after that, I think we’ll wrap things up. Let me switch back to this.

Okay.

And let me look at the strikes for our other traits.

See, let me go ahead and switch this to This this morning.

Yeah.

Yeah. So things are may didn’t seem likely it was gonna turn around on the trade we had this morning or the position we closed out this morning.

Okay. Let me go look at the other two trades.

So we’ve got twenty five forty, twenty seven ten.

I’m a visual person, so I like to add these things.

We have twenty five forty.

It disappeared on me. Oh, no.

Oh, I’m still in the intraday view. Let me go ahead.

Okay, and then twenty seventen and then we’ve got the other trade is Got twenty four thirty and twenty six hundred. Twenty four thirty.

I’m gonna change the color now.

Twenty six.

Okay, so we’ve got these are our March twentieth here in blue and the twenty seventh in red. These are the short strikes on those iron condors.

So let me, I don’t want this to look too busy.

Let me actually just hide this.

So what we need ultimately is for this to close within this range, For us to have our max gain.

Now that’s obviously not out of the question, but right now, if this is the trend that’s forming, it doesn’t look particularly in our favor, but I think long term you have to keep in mind that we’re still in a fairly defined uptrend and this is more sideways action. So I would be more inclined to think that there’s nothing yet that says we need to be worried about getting out of anything too early.

So right now it is outside of this range, but there’s nothing to me that says get out while you can.

Now ultimately things can change in a week. So, when Marc is back, he may decide on a different course of action, you can always send out an alert before these weekly video calls. But again, right now I’m not seeing anything that would make me feel that worried, even though usually, you know, don’t wanna see this outside of the those strike prices, but and then if we add back, let’s see how I I guess I removed them by accident. Let me see if I can unhide.

Okay, there we go.

Whereas for these, we’re right in the middle of that range. Again, it’s turning a little bit down in the short term, but we were right in the middle of that range. So again, I’m not particularly worried obviously about that trade.

So the way things are going right now, it’s definitely not something to get too jittery about, but in the next few days, next week, we’ll see how things are. And either Marc will just wait until next Friday to discuss them further or if something dramatic happens in the Middle East, which these days seem more likely, anything sudden can happen and we’ll have to accommodate for that.

But as usual, we’re really just trying to stick to the plan and the plan is to follow the strategy that has worked for us so far.

Okay, I’ll see if there’s anything else, and then we can start wrapping up.

Why didn’t you send out an alert to get out of the one closing today? Alert was so if you go into the trades tab, you will see it there.

I thought at first it didn’t go through either, so I’m not totally sure.

Maybe it’s a browser thing, but it is in the trades tab.

So if you’re not seeing it there, there may be an issue and we can look into that. Right now I’m seeing them there though, both the one this morning and the one we just entered.

So why did you do March thirty first? That week is Good Friday on April third. So there was an earlier expiry on the thirty first or we could have gone one further week out and did the tenth.

Given the volatility as of late, I’d rather not be in the trade a week later than we usually are. So we went for the thirty first.

Okay. I think we’re gonna wrap things up. It’s been a good hour. So, yeah, not feel.

Yeah. I mean, I would just wait it out again. Some people happen to feel a few people haven’t, but I think it’s just waiting it out. And if you don’t get feel not the end of the world.

Just remember that. So, all right, we’re gonna wrap things up here. So hopefully you have a good weekend and, we’ll see you next week.