 Trade Hackers welcome back today is Thursday the day after Christmas December 26th We are back the machines are back on Looking at the S&P 500. What do you know another upday S&P is up about 10 or 11 points at this point We still got about an hour and a half left before the market closes the uphill grind continues What did we do today a couple things we added a new duck in Roku are okay you One thing I wanted to point out here is if you look at The monthly implied volatility, you know Roku is only a hundred and forty five dollar stock, right? So typically trading these iron ducks usually only sets up correctly if we're looking at you know Some of these higher-priced symbols $200 and above But the reason Roku is setting up so nicely is look at this monthly implied volatility, you know with 15 days left We've got a monthly IV of 67 percent 65 percent out here in this cycle, you know So it's just much higher on a comparison basis if you look at a stock like Tesla Which has been a very volatile, you know up and down stock kind of same time frame. I mean you're looking at only 50 Compared to over 60 percent in Roku if you look at a stock like Netflix which again has traditionally been kind of a high beta big mover I mean in the 15 days you're looking at a implied volatility of 28 percent So that's why Roku has been so attractive to trade just because that monthly implied volatility has been so high So you can collect more premium get the juice you need to make those work So that's what we did there put a new one on there looking at a couple of our other positions We've got a an iron duck in Tesla speaking of Tesla prices run up higher We've got about a 13% chance of it getting back into our max profit area And so we're probably going to take this off tomorrow and just book that beak profit and move on and then that one's Got about a week left So there's no reason to wait a week just to collect the same of what we could get right now So we'll go ahead and probably do that tomorrow and Then the other one come the similar situation except for this one expires tomorrow and that's FedEx Ranway up the beak again same thing Now with this one we tried to get out We're not I don't want to pay up above the the width of our call spread which is just a dollar So I had an order in for 99 cents to close this all day never got filled So we'll probably just let this expire and like I said these these options last day of trading is tomorrow And so we'll just let that expire and collect that beak profit there on FedEx The other thing I'm looking at is oil So if we look at USO, which is the corresponding ETF implied volatility is pretty low So not looking to sell a strangle or sell any premium necessarily, but the options in CL Are down to under that 21 day mark actually at 20 days to expiration And so looking at potentially putting on an iron duck in this cycle here Which toss labels as Feb 20, which is interesting because that has 20 days to expiration But there's also when they label is Jan, which has 22 So they love to make things a little bit confusing But this is the cycle here that we'll be looking at tomorrow to potentially put on a new duck And then the last thing I wanted to mention is rut So we've got a weekly double calendar in rut just outside of our range right here So if we can just by chance get a tiny move down We'll be closing this out tomorrow and hopefully be able to book a profit I mean this thing just does not like to pull back, but actually it's it's down 0.05% today. So it's one of the indexes that's actually down feels like it's crashing But I mean if we could literally just get a little move like like this just a little teeny tiny move We'll get out of that one with a profit. So we'll see what happens. Have a good evening. Talk to you tomorrow