Another great week though it tested patience and was nerve racking at times. The Wednesday iron condor plays around the Fed meeting were also great, these are very typical plays that I do around all Powell events. IV goes up, we sell some premium and embrace the crush. The trades today went high because of news mid-day that can’t be predicted, and if you are playing just one contract at a time it’s impossible to take advantage of bigger moves after some choppy action. Don’t worry about it, but do analyze your own trades and think about ways to scale out of trades to possibly capture more profit.

Our one earnings play did not do well this week. You could have managed this one to get more out of it and been okay but I’m posting the trade as it was at expiration, a full loser. Fedex (FDX) posted really bad earnings with no warning and lowered guidance. Seems tariffs are hitting their business pretty hard.

As always your exits on these trades will vary, please ask questions!

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