Market update shows E-mini S&Ps up 14 handles with volatility declining 35 cents to levels not seen since early summer. NASDAQ leads gains (+75) with Russell up 7 and Dow up 55. Oil experienced a significant 2.5% drop to $59, trading in a channel between $58.50-$61.50. Gold rose 1% while silver jumped 2%.

A critical PSA addressed the UVXY one-for-five reverse split occurring after close. Unlike standard splits, options will become non-standard and likely illiquid. SQQQ will also undergo a one-for-five reverse split, while TQQQ will have a two-for-one forward split.

During Q&A, the hosts discussed scalping strategies, emphasizing position sizing over frequency, and noted that higher volume typically correlates with more stable pricing and reduced extreme moves in assets.

## Viewer Questions:
* If scalping goes wrong, should you flip positions or quit?
* Is there a relationship between price and volume?
* Do market bubbles have telltale signs?
* Should new options traders reduce exposure in choppy markets?