Preheat the oven to 200°F and line two large baking sheets with parchment paper.
In a large bowl combine the shreddies, chex, pretzels, and peanuts. Toss to just combine.
In a small saucepan combine the honey, apple cider vinegar, Worcestershire sauce, extra virgin olive oil, garlic powder, kosher salt, and cayenne pepper.
Over medium low heat bring the mixture to a boil, stirring regularly. Let the mixture boil for 1 minute, then remove from the heat.
Pour the mixture over the top of the cereal mixture in the bowl. Using a large spatula or wooden spoon toss the cereal mixture until it is completely coated with the saucy mixture.
Divide the cereal mixture evenly between the two lined baking sheets.
Bake for 1 hour and let cool completely.
When cool, transfer the mixture into a large clean container and gently toss/break up using your hands.
Notes
Store Sweet & Spicy Holiday Chex in an airtight container at room temperature for up to two weeks.