 Hey everybody, it's Hari Swaminathan from optiontiger.com. Today is Monday, March 26th. The time that you see here is Indian time, it's 5.30 in the evening. Markets in the US are about open in an hour or two and we are looking at a bounce back. Now we've seen that we've had a real fall and actually it sort of came down to approximately the same levels as last time here in January and so although you see these long weeks to the bottom, I think what is important is that it never closed at anywhere near the bottom. So if we just zoom in on this part of the chart right here and if you see that, you can see that the close on all these bars is exactly where it seems like support is coming in and especially today the ES is up about 31 points in the pre-markets and so this could be a good support point. I think today if it manages to hold on to this sort of a reversal, we should see somewhat of an uptick. Perhaps it will test it that zone again in the coming days but regardless at least for today it seems like we are witnessing a very textbook style support zone because that's exactly where if you see the closing bars, if you see the closes of all these days over here the lowest is exactly at 2590 and the SPX closed at 2588. So that's the really textbook style support coming in with some higher volumes but it's obviously too soon to say but what I want to make a point was a couple of things. One is you can see in the pre-market the VIX is down 2.36 so this is even though we know that the SPX is going to go up, if you buy a call option my sense is this VIX is going to come even further down and your call option is not going to see the kind of returns because this volatility is going to get sucked out of these options and so got to be careful of that. So if you do buy a call anything on the call side it should be a call spread because then at least the implied volatility to some extent can be blunted by the short call that will come above the long call. The other thing to do to take advantage is look at stocks that have been beaten down if they've been strong stocks and the greatest example is Amazon. So if you look at Amazon, Amazon went up to a high of 1617 and then in this latest bit of chaos created by the trade tariffs and trade wars it's come down to 1495. That's not bad. So you can expect Amazon to have a good bounce and go up but once again if you buy a call option you're probably not going to see the kind of returns as you would if you buy it if you make it a spread and so that's something we can look at. You might see some pretty good volatility crush in this series here on 4th May. You're going to see some pretty good volatility crush on this one on the first one which is the pretty 9th March. So those are things that you don't want to touch but I do expect. Yeah, you can see the bid ask is already gone up by $30. So this is definitely something that would be doing well today. However, given the option prices, well you may not want to come all the way here then. Let's just go to say the 6th April with 11 days and even there you can see option prices are very, very high. So you want to sort of if you're doing any trade you want to make it a spread that way at least the implied volatility crush will be somewhat blunted by both the long and the short. So that's it for March 26th Monday and we'll speak to you soon. Thank you.