 What's up trade hackers welcome to today's update today's Tuesday September 1st. Let's start with Tesla So of course Tesla had its five-for-one split that started on shares trading at the split price on Monday, so Currently at 475 after yesterday's close Tesla was the seventh largest company in the world By market cap. Can you believe that seventh largest passing visa? I don't know about you I know a lot of people with visas and I know a couple people at Tesla's so Interesting stuff. They's definitely not based on car sales But you know really the technology of what Tesla might potentially do However, you look at it. It's it's a pretty amazing story the run that Tesla has been on I mean just parabolic move after parabolic move So we we cashed out of a an iron duck Earlier this week yesterday No new trades in Tesla at this point and it's actually down almost five percent on the day So a rare occasion when Tesla is actually down But on top of this meteoric rise It's got to take a pause every now and then but look at this too. Here's what I want to point out is look at the Look at the move higher now typically when stocks move higher You're gonna see contractions in implied volatility, but that has not been the case implied volatility has absolutely continued to expand in Tesla and The rest of the market I mean if you look at the S&P's the S&P's are up 20 today Typically on a day when the S&P's are up Tony 20 the VIX is going to be Contracting significantly, but again not the case look at the VIX the VIX is up almost three percent on the day With the S&P's moving higher with the net with the Dow moving higher with the Nasdaq up over a percent with the Russell up Almost a percent and the VIX is up. So people are buying protection. They are buying volatility This volatility is getting pushed up in the face of the market rally So it's not very often that you see that and specifically You know for multiple days in a row, you know every once in a while You'll get one or two days where you have implied volatility expanding and you have stocks going up but the fact that we are at all-time highs and Volatility is not Is not hasn't contracted down to a minimal level, you know that that says that there is a lot of Uncertainty still in the market even with this continued rally that we're seeing in stocks So what else happened today gold pretty flat silver down? bonds up a little bit and Natty gas Down about four and a half percent. So that's helping one of our positions We've got a got a position on in that gas a little downside action will help us there other stocks Amba up 10% the big mover of the day though zoom zoom just zoomed higher a 41% now This little red mark that I put on my chart here that was the expected move So the expected move was about $29 plus or minus from where it closed on Monday night, so zoom came out announced earnings and Just exploded higher up 40% on top of an already historic high for the for the For the company so amazing stuff going on now. Well, here's what's interesting There was supposed to be a potential announcement of the purchase of the social media app tick tock however I haven't heard anything yet the two Two names that are in play is kind of the favorite. We're a combo of Walmart and Microsoft Well, Walmart Walmart is up 6% but Microsoft is Just barely treading sideways, you know up up less than up less than 1% So not sure if that has anything to do with the potential tick-tock news But but that's what's going on Walmart looking like a benefactor potentially and Microsoft's kind of steady Eddie And then couple other big movies Netflix up another 5% So another big move had a big push higher kind of consolidated for you few days now a big push higher again Creeping up on the all-time highs. I would have to say I'd Ventured to guess that we're gonna break through that all-time high with no problem Netflix has earnings coming up on the 14th. So here about two weeks So that's got a little bit of time before earnings there Couple of the things Lulu lemon up 4% the yoga pants still rocking and they've got earnings coming up on the 8th So here a little over a week away for earnings in Lulu So what did we do today? Well, we put on a little bit more. There's the closing bell We put on the a little bit more short Delta Put on one of our bunker trades to help protect from downside action So we get a little just a little bit of risk if things continue higher But we have a unlimited potential if things if things fall so that's what we did today rolled one of our positions in Apple and That and the only new trade though was that bunker that we put on in XLK So those are the trades. That's what's going on in the markets. Everybody have a fantastic evening. We'll talk to you later