 What's up trade hackers welcome to today's update today's Tuesday April 7th starting with the trade hacker question of the day Will I get paid dividends when I trade options? So obviously when you trade stocks if you own a dividend paying stock You're going to receive that dividend when they pay that it's actually going to be deposited in your account or accumulate other shares Or whatever you have done So the question is if I own an option if I am a short puts or if I own a call If I'm long a call Do I get the benefit of that dividend? And the short answer is no you do not receive a dividend. However The pricing of the options so that the price of the option whether it's a call or the put that you're trading The price of that option is adjusted To reflect the dividend, okay, so it's not like you lose it It's not like you get it. The price is just it's priced in essentially So that is the answer so you're not losing out on anything and you're not benefiting in any way based on the dividend It is simply just priced in all right. Let's go to the platform see what's happening in the markets today We'll have a wild ride in the S&Ps You can see a little bit of a range where we are up S&Ps were up nearly a hundred points earlier and now they're up a measly 16 and a half we've got about five minutes to go until the market closes and We're up just slightly so big reversal in stocks Dow up only 158 now Nasdaq up 31 Russell up seven oil down about five percent So it's been you know kind of range bound all day Gold down about a half percent bonds only down about a half percent. They were down closer to a percent So as stocks have come down bonds have gone up and then Natty gas making a big move almost nine percent higher So that's what's happening in the indices as far as trades for us today We added some we sold some more premium in gold. So we added to our position in gold and What else do we do we added to our position in wheat? And That's about it. Just kind of letting our positions work for us So let's check out some of the other stocks that we've got going on on our watch list Apple down a little bit kind of a mixed bag bowing down after being up big yesterday It was up big again today, but it's but it's really come off of its highs some other big movers banks up the capital one financial up almost 8% on top of a big move yesterday and Everything just kind of mixed no real conviction one way or another. I think Tesla's up about six percent. So No real conviction one way or another. I've been talking about I don't I really don't believe this rally You know, I talked about yesterday. I think we could get up to about 2,800 level on the S&P and then we'd roll over and die if not sooner I'm not sure if this is this is happening right now, but it rallied up and it's petered out Market is not strong my friends. It is not strong. I see Look out below in the near future. I mean, there's just I just think that the impact of the COVID-19 Coronavirus is way too much for even the 2.2 trillion dollar stimulus. I think it's too much for the oil situation I just don't think that what we are seeing is priced in yet with the earnings coming up with the Different employment reports coming out. I think we are in for still a Wild ride. So just my opinion play it based on your assumption. Keep your position size small stay mechanical Use your probabilities. It's not all about directional In fact, we are pretty Delta neutral overall in our alerts portfolio But but have been adding more and more short Delta. So a down move certainly would benefit a lot of our positions That's all I got for you. Everybody take care. We'll talk to you tomorrow