 Hey everybody, it's Hari Swaminathan. It is Friday, December 18th and we are looking at our swing trades. Now the ES Future is showing up about four points but let's go take a look at the intraday chart. You can see it was down up to you know 3700 so it was negative for most of the pre-market. It's just turned positive and plus it's not a whole lot. I want to take this video to explain some margin issues because there's some confusion as to you know how this margin system works. So whenever you have a debit spread you just have to pay the debit and whenever you have a credit spread you have to put up margin. So on Apple you can see the BP effect on the final column here. The BP effect is $14000 so even though it's 20 contracts and I think the spread size is about $7, the margin effect is $14000 and as I mentioned I look at this as a $50,000 account. So here you have $14000 for Apple, Facebook is $5000 and Mastercard is $1250. Now the others are debit trades and so for Netflix if you look at the trade price is about let's say about $7 difference between $20 and $1295 and so for five contracts that will be $3,500 and then for PayPal once again you know the price would be somewhere around $3.5 so which would be another $2,000 on PayPal and the SPX is a $9 difference over here so that means it's about $4,500. So overall you can see the margin being used is $20,250 and then if you add the three debit trades that will be another $12,000 or $15,000 so it comes up to $35,000 so I try to keep it that way. So just to understand you know this is a $50,000 account so depending on your account you can scale up the size of contracts or scale down either way is fine but you know that's how I look at this as an as a $50,000 account and I make sure that it doesn't go over that. Generally I leave at least $10,000 for as a you know gunpowder if you need it for adjustments. Now today you can see PayPal has done up has gone up very well and you know both these are deep in the money now. PayPal is at $236,000 so yesterday we had a great trade on Shopify. Shopify made another $600 after the open so it was a $3,500 trade and today we've got PayPal should be about $2,100 or so. So let's close PayPal and being a Friday and the futures are looking iffy we won't take a trade today we'll just let all of this develop. Now Apple has recovered quite well we just need about $2,300 more for breakeven and there's a lot more premium than that and it's sitting right in the middle there. Facebook we've recovered I mean we booked $2,300 so we've got just $2,100 to go Mastercard we've recovered about $12,000 or $13,000 so not much there also so all of these are doing well Netflix is doing well and we'll close PayPal today and we'll let the SPX trade develop. No new trade today have a great weekend folks. Thanks.