 Happy Monday trade hackers today's Monday December 30th. Welcome to today's update and would you believe it? The market is actually Going down feels like the market's crashing doesn't it? I mean the S&P's down a half percent Nothing, I mean no big deal at all. But yet after this huge grind hire That we've seen it absolutely just feels like the market is crashing when in reality It's just a tiny tiny little blip. So good stuff though helping out with the implied volatility Expansion creating some opportunities for us as you can see on the S&P, you know Ivy percentile up to 50 now, which we haven't seen in a few weeks. So that's always good So what's driving this thing not necessarily driving it, but some of the big movers today Roku Roku's down six percent So big move there We have a we've got a position on there and may look to add one tomorrow looking at ducks and reverse iron ducks on Roku other big movers today Tesla Little move down a few percent there and and also our friend Shopify So these are some of the biggest movers today to the downside down a few percent in Shopify as well So we've got positions in all these and may look to add to them depending on what what presents So the other thing I wanted to mention to you today and one thing that I've really been looking at and kind of tracking I always look at the relationship, but I'm even tracking it a little bit closer and that is the relationship to the moves in the market relative to moves in the VIX VIX and so what you'll notice here is the S&P is only down a half percent Yet the VIX is up eleven percent What you'll see on average, okay This is an average a very wide average is that for every percent down that the S&P 500 moves on average the VIX will go up by about nine percent Okay, but today we're only down a half percent and the VIX is up over eleven percent. So what does that mean? Well, who knows right? You can't determine market direction just based on that But one of the things that I've been doing is testing a new strategy Utilizing the VIX and it's gonna be an unbelievable compliment to the other strategies that we use that's gonna be rolling out in the next month or two But what's interesting is when the VIX is as low as it is so right? It's been around in the eleven and a half 12 handle for for quite a while here And so what happens is any little movement down in the S&P 500 creates a big upside movement in the VIX And so when the S&P is lower that average ends up being closer to You know 20% on the upside of the VIX is so the VIX is low and the S&P moves down a percent You're looking at closer to like a 20% up move in the VIX Whereas if the VIX were already at 20 let's say and the S&P moved down one percent It would probably only move up six or seven percent in that day Okay So there's a relationship to the level of where the VIX is and what percentage it moves based on the movement of the S&P Remember the VIX is priced off of the options of the SPX so it's a very direct inverse correlation But the amount of movement isn't percent by percent So kind of start looking at those percentages as the S&P moves What does the VIX do and vice versa because that's gonna be important when we roll out this new strategy Everybody have a great evening and we'll talk to you tomorrow