 What's up navigation traders today is Tuesday December 17th. Welcome to today's update What happened in the market today? Well, not a whole lot S&P's down about five NASDAQ down a few Dow up Russell up so pretty mixed bag Pretty low volatility not much movement. You can see today's range here today's pretty small So continuing to look for some action to provide us with some opportunity But a couple things we did today one was in the four slash six B We had a position on an in six B now after the Brexit vote happened Price kind of jumped up a little bit and implied volatility got absolutely annihilated If we look at FX B the corresponding ETF you can see the contraction in implied volatility And so we're waiting for just a little bit of a down move to get out of this trade Got a big down move today, which was great for us booked a profit of over 60 percent of max profit on our British pound trade so we're out of that one. The other thing we did today was FDX so FedEx announced after the market today had nice high implied volatility We didn't send this out as an alert But I know a bunch of our community members Hosted about it and jumped in here. We put a trade on in our personal account here an iron duck earnings trade Looks like this here. And so prices come down and it's dead center right in the middle of our duck So we're gonna hold this for another few days as as we get closer to expiration But assuming price kind of stabilizes in this area could be a very nice profit If you look at this on a per contract basis looking at about 285 bucks per contract is the max profit So we'll see what happens there We also added a another duck in Google Take a look at Google had a little bit of downside movement here a tiny little spike in implied volatility But with Google being such a high-priced symbol makes it a great iron duck candidate even when implied volatility is low So we added one there Looking forward to tomorrow. The one major earnings is MU micron technology So unfortunately the implied volatility is pretty low as we're leading up to earnings here IV percentile only at 32 IV rank of 21 So I'm not sure I'll even do anything in this one But it is kind of the major most liquid stock announcing earnings after the bell tomorrow Otherwise just looking for additional situations to add some positions to we've got a lot of cash on hand But we're not gonna push it. We're gonna wait for the right opportunities We've got a couple other positions that we need to roll out of our remaining December cycle just a couple of them and Expiration for December is on Friday So we'll just continue to to make those happen the rest of the week But other than that look forward to seeing the community. Let us know if you have any questions