 What's up trade hackers welcome to today's update today's Tuesday, September 8th Hope everybody had a great long Labor Day holiday weekend a few minutes left until the close S&Ps down a cool 84 down down 568th and Nasdaq the big leader to the downside down 477 over 4% drop in the Russell down 25. You can see oils down 7% Gold and silver not actually moving too much Natty gas down 8% so big movers today on top of a big move Toward the end of last week. So what is driving this market? Well, we've been we've been talking about for weeks that if this market is really going to turn over and die It's going to be led by tech and that's exactly what's going on here Nasdaq down 4.18% just a big bruising blow to the tech darlings I mean you can see apples down over six and a half percent Amazon down four and a half percent if we look at our old buddy Tesla who? Tesla could never go down right it's down 20 percent today, and that's on top of a big move Following the split that happened a couple weeks ago. So big moves happening in stocks Day trading today did pretty well booked a little over booked $472 in profits, and that's on top of a $3,000 day on Friday So big moves in the market is what we love and that's what's going on right now now today Wasn't nearly as fun as Friday. I was actually down a decent amount this morning came into the came into the day with a bias to the downside and Got ripped up on the on the initial opening I mean it just kind of grinded higher on me, and so I was down a little bit But then things played out had a scratch and claw and fight to to book some profits in the day trading But did did so if you want to if you want to hear more in our private Facebook group Just go to Facebook search for day trading options for income or navigation trading You'll find it you can join and I posted a video there about a recap of today's day trading So wild day Friday wild day today Man, this is that this is the kind of days that you live for when you're day trading. What else do we do? We ended up Closing out Iron duck in Tesla Tesla just pushed way too low on us Opened up a couple new trades Nothing too big there, but a couple other things. I want to talk about our Nicola If you've been following this this has become quite a little I don't know what you call it colt stock I guess kind of like a mini Tesla wannabe. It's an electric truck company There's a lot of talk about it a lot of the Robin Hood junkies Trading it had this huge massive run up all the way up to 90 bucks then came crashing down Well today Nicola is up 40 percent and as you can see Big massive move up to the upside now. So what's driving this? Well GM general motors came out and said they're taking an 11 percent stake in Nicola. So That is a big bid of confidence and the market say me likey me likey. So Nicola up 40 percent There's some other green stocks in here, too, I mean lift up 4% Harley-Davidson up 4% caterpillars up Disney's up Delta Airlines up Beyond meet up 7% so there's some spotty greens in here, but other than that It is a bloodbath to the downside. So what's in store for tomorrow? We're gonna be obviously day trading live streaming in our live stream room from 8 30 a.m. To 10 a.m. Central so the first 90 minutes of the market open And then we're gonna see what else this market has in store if there's if there's more downside or if this thing It's gonna bounce but with implied volatility spiking. Let's take a look at just SPX You know implied volatility ivy percent off at 75 ivy ranked at 29 So definitely some elevated option pricing so Depending on what happens tomorrow. We'll look to start selling some more premium Maybe add some more ducks where we got no risk to the upside But we got a big buffer to the downside these elevated premiums make it nice to start selling some premium So look forward to that tomorrow if you guys have any questions. Let us know otherwise. We'll see you later