 And Tom O'Brien we are going to have oil and we just put this child up first if you want to see a ride in oil last night folks okay this is pretty amazing this this contract here we're trading the February contract gets up to 6565 and we're at 6198 right now. Yeah when I was excuse me doing the 9am update said almost $4 man $4 from high to low on that oil contract just from the peak to the low I mean everything of course moving last night we talked about the S&P's almost had 2% from low to high. Yes. Gold contract right we haven't talked about quite yet what was the high and gold 1613. Yep. So you're talking about $35 about on gold has in the high to low and oil of course we get the inventory numbers I see of the screen up there right now. The whisper number up here we got the whisper number is so I see the whisper numbers draw down a 5.9 million the survey numbers 3.2. Okay. So they're looking for a draw down regardless of where they are right survey number. Yeah. A little bit less so than the whisper number that Bloomberg users are looking for. The contract we got it up here we're at about 6175 we're trading February crude oil like you mentioned we made it all the way up to about 6562 almost $66 last night. So there's the contract I jumped ahead here are the 11am spreads available. Now we're trading right now 6174 cool thing about these is the 11am line up with exposure right from 6175 so within about a few pennies. Yeah. It's always nice. You're not paying a lot of intrinsic value. You're just paying premium in terms of time and defined risk. Here's your bullish spread going from basically right where we're at up a buck 50 to 63 25. There's your bullish spread. You're risking about $27. You're getting in at 6203. You would be risking down to 6175. So as this is ticking up a bit that's ticking up a little bit as well. And then on the bearer side pretty similar. The only difference being that you have about five pennies now and intrinsic value on the bullish side. So you're looking at about 48 as this is recalibrating 48 49 call it $50 with commissions. So you're looking at about 50 cents of movement you would need in either direction before you begin to break even. The thing to keep in mind especially on a day like today is that if you're only exiting one of these contracts right you're risking 50 cents. For both sides of it. Yes. But you're you're capped in a buck 50 of profit potential. And it's just important to keep in mind when you're putting up 50 cents basically $50 which represents 50 cents in movement in the contract right. Sure. Because man oh man you know you're risking one to make three if you get maximum movement if you get a buck 50 by 11 a.m. Now on a day like today you could you know because Trump is speaking at 11 a.m. Now here's what I would say is that so there's the 11 I would maybe want to go out till noon especially with President Trump speaking right. At 11 o'clock the thing being is that is that noon you have $62 so you'd be about 20 cents in the negative. Unfortunately as in not quite the same but this is ticking up as we continue to speak maybe this will get up to $62 by the time. 1030 rolls around because there's your bullish spread. You're going to be out of the money on the bullish side now by about 50 cents but this is just move 10 penny since we've been talking. And then on the flip side there's your bearish spread which you now have a little bit of intrinsic value. And so you're looking at $62. Now number one you're paying for the time. The market knows that number one that's a that's a lot of time on a day like today with everything going on with President Trump speaking at 11 a.m. There's going to be some premium priced into that as well but it's also 18 cents away from the strike price. So you're paying all that intrinsic value on the bearish side along with the premium that you're paying of about $24 on each side. Yeah and a huge way. What I would say though the last thing is that man oh man on a day like today if you're ever going bearish the price of oil just in general. I like the bearish side trade where you're getting in at sixty one sixty the contracts trading at sixty one seventy seven and you're capped at losses at sixty two on a day like today where you just almost traded up to sixty six. Yeah that's not a bad trade to pay a little bit of premium cap your losses to the upside when who knows what is about to be said by the president who knows what's about to happen before noon. And you're not paying a lot of you know you're paying you know there there is a bit offer spread today and that's representing some of the premium more so than usual. But you're getting an 18 cents below the market with with some some decent uploss defined risk right. Yeah there's no doubt. Welcome back folks. Dow Dow industry is up sixteen. Now it's like up twenty one S&Ps up eight. Let's see what we got with. I can actually go live. Let's see. We must have top live I believe we must have plenty of oil because the price just dropped about 50 cents to sixty one twenty five as we pull it up. That's a beautiful thing. Top live. Here we go. Let's see what we got. Oh boy. Oil limitaries rose. Yep rose one point six million barrels. That's right. Gasoline inventory is rose nine point one million barrels. Wow. So to recap what was it between about three and six million barrel draw. The market had been looking for. Yeah. W. H. It's not going to have it up there anymore unfortunately I think once it goes off. Oh does it. Yeah. Yeah so let's see. Well where is it well anyway. Yeah it jumps right off the screen unfortunately I think. Well I see. Well we got to find out. I I I went to see what place we came in because I went I didn't go for a draw but I went for a I went for a draw. I went for a draw but I like one point something million. Okay. Versus what was out there. So. Well you would have been on the right side. You were looking for much less of a draw than the market was looking for. But the contract right now I have it up there in the NADEX platform and yeah that one bar we opened it. It was as high as sixty one eighty nine. You got February crude right now trading at sixty one twenty seven. And so you got about fifty cents movement. You know we were looking at. Look at that move man. I see it. Yeah I can see a chart right now. Yeah I mean it looks small because we were just up at sixty six man. Yeah but on any other given day this would be a mammoth drop of about fifty sixty cents in a heartbeat. Four and a half bucks unbelievable. Yeah.