 What's up trade hackers welcome to today's update today is Tuesday, July 21st Tech be up tech be down and the nasdaq closed down about a percent We're about an hour and a half after the close Yesterday was such a massive rally and today's down But the the real story is not that tech is down not that the nasdaq is down But it's that all the other indices are up. I mean the s&p up Negligible just four and a half Dow up 92 But the Russell up 146. I mean these things are just trading places from day to day where yesterday The Russell is down and today it's up big yesterday The nasdaq was up big and today it's down and so there's no correlation between You know that the nasdaq and the Russell right now I mean they are they are just kind of doing whatever they want and you know There's no clear direction on one being stronger than the other I mean they're just kind of bouncing back and forth bouncing back and forth Like I said yesterday I thought the nasdaq was starting to get weaker and then it just ripped up where the where the Russell is down and vice versa now So your guess is as good as mine Eventually these things will kind of start going together again Or one will take a clear path as they as the stronger indices but for now They're just back and forth back and forth So that's what's going on in the indices taking a look at some of the other stocks I mean obviously tech the nasdaq down so tech is down now Amazon down 1.83 not as up as it was yesterday, you know Tesla another big winner yesterday down almost five percent So speaking of Tesla tomorrow on Wednesday Tesla announces earnings after the bell now take a look at this expected move If we go to the trade tab, this is for tomorrow But if we look at the three-day options, it's pricing in and this will go up between now and tomorrow pricing in a 233 dollar move. I mean that's just massive. However, you know a lot of times What we'll do before earnings will sell premium or do some type of iron duck or where we have no risk to one side or some type of strategy To take advantage of that implied volatility crush that we typically see after earnings. However, I mean Let's just say that that Tesla closed tomorrow at right at sixteen hundred right and let's just say the expected move is Let's just let's just call it two hundred dollars for a for a one-day move. That's sixteen hundred I mean that's eighteen hundred it could certainly get there I mean it did that just on this random day and it had a size that size move this random day No earnings involved. So let's say close there. We've got two hundred to the upside. We've got two hundred to the downside I mean from here to here. I'm not real comfortable that it's not that it's gonna stay between there now You know typically when I say that it kind of opens up right where it right where it closed with almost no move But man, I I'm a little nervous to get involved in Tesla over earnings Probably will wait until after the earnings announcement See what kind of moves it makes and maybe do a post earnings trade in Tesla But yeah, that is a that's a doozy. I'm not I'm not sure what I'll do there the other one announcing tomorrow after the bell is Microsoft and Microsoft is one that I might take a position on we've got an expected move of 11 bucks in Amazon now keep in mind. It's only a $200 stock So it's relative, but we've got you know, we've got to move up to here Up to here and about down. Let's say close to 210 About down to here. So a little bit wider range respectively looks like and You know Microsoft just hasn't been on the tear up and down that Tesla has so I'm a little bit more comfortable with that one So we may place a trade in Microsoft probably more like an iron duck is what I'll be looking at there And so that's tomorrow after closed today after the close. We had three earnings one of which was snapchat So if we take a look at snapchat, let's go. Let's go to a shorter term time frame So we're looking at a five-minute chart. So like I said, the market closed about an hour and a half ago So here's what snap did it closed right here about the two 2475 level and it dropped after the earnings announcement and then it bounced back up a little bit now It's trading about 2326 so a in the expected move would have worked here the expected move for snap was about three bucks So definitely within the expected move there the other one announcing after the market closed was UAL which is United Airlines Expected move of about two and a half bucks and what did you al do after hours a whole lot of choppy Nothing so pretty close to where it started or ended the day So that one would have played well inside the expected move as well And then lastly, what was the other one? There is one more after the bell snap United and capital one COF Capital one financial What did capital one do capital one is down so it closed at about a little under 63 bucks currently trading at 60 Expected move was a little over two bucks. So it is out of its expected move to the downside by a little bit So that's what's going on in earnings. What did we do today? Well, we closed out an iron duck And what else did we do? Okay, I closed out a bunker trade and we rolled a position that we had in SMH So now no new positions, but hopefully if we get a little downside action a little poppin applied volatility Potentially do some earnings trades. That's what we're looking at for tomorrow. Talk to you then