 So 10 18 right now we get the crude numbers at 10 30 Wednesday morning looks like the number. So we're up here. This is the crude oil inventory EIA number, the survey number, which is the median analyst number is looking for a decline about 1.5 million barrels. The whisper number, which is the number that you can put in in Bloomberg, anybody with a terminal, a lot of industry insiders, but less reliant as in we can put a number in here that's going to skew that whisper number and it's dependent on nothing. The analyst numbers that's dependent on their job. You're an analyst that's out of the loop, man. You're in trouble. Nonetheless, they're looking for a decline between 1.5 and 2.5 million barrels. But boy, oh boy, like we talked about, what a move in oil we've had, right? Just this morning, man, we're at $58 and 22 cents right now. Yeah, that's live. And early this morning, we were at 56, we were with a 56 20 handle and we're at a 58 20 handle $2 since three in the morning, seven hours. Basically, we've run up there. Let's just see what kind of volatility if this is going to be even close. Now, what happens is you get this type of movement. Sometimes the available spreads don't line up very well because there's just been so much movement. So the 11 a.m.s, you'd have volatility. The highest spread has a floor of 5775, which is amazing that usually they have spreads on index that you can get out of the money if you want. Yes. Well, the highest spread out here is already 50 cents in the money, right? Because it's moved so much. It just moved $2 in no time. And now that's the 11 a.m. though, because those get set early at about nine. Let's see where the noons line up. You might have a little bit better action. There we go. We do. $58 is a price point we could use, okay? It still doesn't line up exactly. You're going to have 22 cents of value on either side. And maybe today's not the day for a pure volatility. I mean, maybe today's the day of a little mean reversion where you actually go bearish to pull back some of that on that number. I mean, crude's continue to struggle. Let's just see. Oops, that's the, yeah, those are the 12 expirations. Let's just, I'm just curious. Like, you know, if you want a little bit exposure to the downside, you're buying out of the money put, basically, right? With a spread going from 58 to 5650. I say you buy it, you're going to sell this. You're basically buying to put. You're selling the spread with a ceiling. Come on, I'm on computer. You're selling the spread with a ceiling of 58. So you're 25 cents out of the money. Boy, oh boy, if you get a little mean reversion, man, you're putting up 15 bucks. Now you're 40 cents out of the money here. That's in your, you're selling it at 5784. The contract's at 5825. But not bad, putting up 15 bucks. That's your max risk and you got profit potential all the way down to 5650. So you're risking essentially $15 and you got 135 down to 5650. If you're bearish, I like that trade. You know, you got to be bearish. And look at that API number last night. One of the targets got up in the tank. It's a monster number. Minus 3.7, yeah. And that would be the reason why you get the whisper much bigger than the analyst, because the analyst number's out there ahead of time. And how it will move, I guess, since last night. Yes, yes, definitely. That move did start, though, at about three in the morning. That API out last night at like 430. So we'll see what happens, man. Go for it, jump around. Wow, look at that move, man. Holy cow, 337,000 contracts. Top of the range is that's 5868. Yeah, the way this looks here doesn't look like it wants to back off. No, that's it. You know, it's tough to be bearish oil when you just trade it up $2. Yeah. But you do get meaner version, man. Oh, yeah. It would have been the same way. It would have been tough to be bullish the market yesterday at 10 in the morning when the SMPs were 90 points off their high from early Monday morning. But guess what? I think we're at probably 45, 50 SMP points from that price level. Yeah, I heard that on the update. And well, I do have here. I mean, the top of the range here is like that 5870. Sure. That it hasn't been able to basically get up and over it. Yeah. You know, we'll see where this basically shakes out. So there's no doubt that combined with the SMPs moving is... But what are you going to do? Let's see. Let's see. So if I'm looking here, if you're bearish, you would hope that maybe you're going to have more of a supply, right? So we're going to come in at minus 1.25. There you go. Okay. Yeah. We'll see where we come in. And that would, you know, if you could, when you go from 3.72 on the API, sure. People will be looking for that today. I said, okay, you know, what is this going to match up? Is it that fire off? Sure. Just jumping around a bit to see if we get a 58. Yeah. I mean, the dailies are way off because the dailies set last night. And the only one that's even close is the one that set at 10 a.m. when the move already started. And you do get a price point of 58 if you wanted there. And like I said, you know, you could be a little bit bearish. You're selling it. You could be even bullish. I mean, the other side is if you're bullish, that's still a nice trade as well. You know, I pay 20 cents. Yeah, you know... Particularly buying something at highs like this. You know, you're up $2, you know. If you think you can go up another $2 or a buck or 50 cents, well, right, this is the way to do it inside the option market. Right, because you're getting in a 58.37, contracts trading at 58.23. So essentially, you're paying 15 cents of premium in there. And your losses are capped at $58 on the dot because you get a bad number here. This could drop to 57.70 in a heartbeat. And at least you're capped at that $58 price point. Still not a bad risk or a reward if you think the trend is just going to keep going up. We're hitting $59.60 oil. We haven't seen $60 oil in a while, man. Welcome back, folks. Bill in the inventory is a big number. It is. $4.86 million barrels dropped. We got even more of a decrease. Should be less supply. Should equal higher prices. We'll jump back to the chart. There's your crude oil. Give it a moment to recalibrate. Not too much of a move, man. Yeah. Maybe the market's saying, hey, we just went up $2 in the last seven hours. Exactly. We knew this was coming. Pretty muted response with that type of action, for sure. Yeah. $58.26. No real movement at all. And we'll see how that shakes out, though. But the number coming in, headline number, as it ticks down, 4.86. Anyway, let's see. Gasoline inventories rose $3.39 million. What a divergence there, huh? Yeah. I know. So they used a lot of oil. They made it into gasoline, but then they didn't sell the gasoline. Yeah. Right. Right. Stockpiles built. Right. Right. We go over here for the... This is the top live. They give some good analysis sometimes. So there's your headlines. Yeah. Crude falls 4.86. Gas rises 3.39. And the Bloomberg User Survey was expecting about a 2.56. As we saw in that whisper. Yeah. And oil prices just cannot decide if they want to move higher, despite the big draw. Basically, no reaction. Well, you know it. I mean, it's pretty hard for oil by the barrel to basically sustain price when a biggest part of the oil by the barrel is gasoline. And they get a build on gasoline, do you know what I mean? And so look at this. It looks like nothing, but we just got $0.15 to the downside. And this is why I kind of said, you know, a little meaner version, man. We just went up $2. Yeah. We really think oil's going to go up $4 in one day. That's really hard. I wonder what would happen if we did get a decline of only 1.5, because we just got a decline of almost 5 million barrels. Yes. And the price just dropped 10 pennies. Right. Pretty interesting. Yeah.