 Hello, everyone. Welcome to Options with Doug, streaming live daily on Bookmap Discord and the Bookmap YouTube channel at 1.30 p.m. eastern time. Before I get started, I need to go through the disclosures. General disclosure, all bookmap limited materials, information, and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Risk disclosure, trading futures, equities, and options involve substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. Here's my contact information. The best way to get in touch with me is through Discord. My name on Discord is Doug P. Also on Bookmap Discord, there's an Options-Doug Chat channel. That's a great place to post questions, comments, and content related to the topics of my presentation and the topics of the channel that I'll go through in just a moment. And the Bookmap Discord is a great community. There's a wide variety of content there on asset classes, stocks, options, futures, crypto. Also on a wide variety of languages. I'm also on X, formerly known as Twitter. My name there is at Doug P. And I did post the AMD setup that I talked about yesterday. I posted that in Discord and on X. If you're active on X, take a look at it. If you like it, give me a like and a follow. Here are the key tenants of my approach to trading. This is the basis of the way I trade. I believe that options trades and market maker hedging activity are key drivers of price in many stocks and futures. And certainly in the stocks that I follow, large cap tech stocks and equity futures like the SB500 and NASDAQ. And for the SB500, SPX is the underlying index. SPI is the ETF version of that index. And ES is a derivative of SPX. And when traders buy and sell puts and calls on SPX, market makers take the opposite side of those trades and they hedge their delta exposure with ES futures. And for the NASDAQ 100, NDX is the underlying index. QQQ is the ETF version of that index. And NDX is a derivative of, NQ is a derivative of NDX. And again, when traders buy and sell puts and calls and NDX and QQQ, market makers take the opposite side of those trades and they hedge their delta exposure with NQ futures. The focus of my presentation today and the focus of the options-jug chat channel is options order flow, the impact of options markets on stocks and futures and the influence of market maker hedging flow on price action. I have a two-step process for trading and the first is planning. And I use positional analysis. I look at how traders and market makers are positioned in the options market and how those positions change from day to day to develop a thesis regarding the expected trading range and volatility for the day as well as the directional bias. And the second step in my process is execution. I look at real-time order flow and book map and real-time market maker hedging flow and spot gamma hero to confirm my thesis and for setups. And when I talk about setups today, I will be focusing on an underlying asset and setups in that asset can be taken any number of ways. For example, for the S&P 500 setups, can be taken with the S futures, spy shares, spy options, or SPX options, or even ES options. Questions and comments are welcome and I will be watching both the options-jug chat channel as well as the chat in YouTube for your questions and comments. Please feel free to post. I'll do my best to answer your questions. Hello, Stephen. Welcome. Glad you're here. Here's my agenda for today, Wednesday, March 6th. First of all, I want to go over news items, economic data, and events for today as well as the rest of the week. Then I'll go through my positional analysis. Then I'll review some setups from earlier today and then I'll take a look at the live market. When I get to the live market, if anyone has any stocks they want me to take a look at, please let me know and I'll be glad to do that. Let's move on to economic data and events. First of all, Jerome Powell was testifying before Congress today. Let's take a look at the reaction to that. Let's go to the ES. That's the S&P 500 futures. Jerome Powell began speaking at 10 a.m. today. There was an initial move down that might have been related to the Joltz job openings, which was also at 10 a.m. That was greater than expected, but lower than the previous number. Somebody waited just after a few minutes. The reaction was bullish. All right, for the rest of the week, Jerome Powell is testifying before Congress again tomorrow. So one day is the House, one day is the Senate. And then on Friday is the jobs report. That's the monthly jobs report that normally comes out on the first Friday of the month. This month that has been pushed back to the second Friday of the month, which is this Friday, the 8th. All right, so that's the jobs report. Could be a market mover. All right, so it looks like we missed a good move down that started right around 130. And I'll check news later. See if there's any news. All right, so that is the data for today as well as the rest of the week. Again, big events. Jerome Powell testifying today and tomorrow and jobs report on Friday. All right, let's move on to positional analysis now. So like I said, this is the ES Futures, SB 500 Futures and BookMap. Before I take a closer look at this chart, I want to take a look at a larger time frame. I'm going to take a look at the underlying index, which is, again, SPX. I'm going to start with a one-day chart. This is thinkorswim, a one-day chart for SPX showing the current rally with this dash purple trend line. SPX, since the end of March, October, October 30th, has rallied over 1,000 points. All right, so that's the current situation. Rally continues with some pullbacks. Now, let's sticking with the SPX. Let's take a look at a one-hour chart. So this is a 30-day one-hour chart. This is the top of the trend line that was on the one-day chart. And note the resistance level for SPX was right around 5150. All right, so it looked like SPX was trying to recover from the move down yesterday. And we'll take a closer look in just a minute. All right, so let's take a look. Oh, that was an alert for a hero, the hero alert. All right, let's take a look at the levels on this chart. So first of all, the dash purple lines are showing the lower and upper weekly expected move. That's based on the options market. I update that once a week, and those levels remain in place for the entire week. So that's based on the closing price on Friday for SPX. And note that yesterday SPX did trade below that lower daily, weekly expected move and the lower daily expected move as well. All right, so this is the lower daily expected move. This is for today. Also based on the options market, based on the closing price yesterday afternoon. And note that I post these levels in bookmap discord in the options-jug-chat channel sometime the evening before. So I posted these numbers yesterday evening. Again, the weekly expected move based on the closing price Friday. Daily expected move based on the closing price yesterday. All right, the other lines on this chart are spot gamma levels. I want to highlight the key daily levels. So these are levels that are provided to spot gamma subscribers based on gamma weighted open interest. I'm going to highlight again the key daily levels. So first of all, the 5,000 level. That is the absolute gamma strike. That's a strike with the largest absolute positive and negative gamma. That's where most of the gamma weighted open interest is concentrated. And the next level up is the put wall. That's a 5,040 PW there. That's a strike with the largest net negative gamma. They can be expected to active support. And note that level did move up yesterday from 4,800 now up to 5,040. So again, that's the potential floor for price strike with the largest net negative gamma. And above that is the volatility trigger. That's at 5,095. That's a VT there. And that is spot gamma's proprietary volatility flip level. Below that level, market makers position on the gamma curve is negative. In a negative gamma environment, market makers have to trade with price to hedge their delta exposure. And that tends to enhance or increase volatility when market makers are trading with price. Above that level, like SBX is trading now, market makers position on the gamma curve is positive. In a positive gamma environment, market makers have to trade against price to hedge their delta exposure. And that tends to subdue or decrease volatility. And then finally, the call wall is at 5,200. That's a strike with large net positive gamma. That can be expected to act as resistance. All right, so the SBX levels, the only one that shifted was the put wall, shifted higher again to 5,040. So that's the potential floor for price and the potential ceiling at 5,200. All right, let's take a look at one other SBX chart. We'll go to a one minute chart just to get a closer look at the levels and play for today. All right, so this is looking at yesterday. This is yesterday afternoon, right around 3.30. So yesterday was a bearish day and this is showing the reversal that happened at the end of the day. We'll take a closer look at the cause for that in just a minute. So the dark shaded portion to the right is today. So the rally began yesterday afternoon. SBX gapped up, then moved down up until just a few minutes after 10 a.m. when Jerome Powell was speaking. Finding support at the 5095 volatility trigger more or less, just a couple of points below that. Now, SBX is trading above the volatility trigger and also the upper day they expected move. And then also this key 5,100 level that Spot Gamma has been talking about as a somewhat of a risk on, risk off line in the sand. So now SBX back above the volatility trigger, the 5,100 level and also the upper day they expected move. All right, let's take a look at. There's a question in the options-dash-dug chat channel yesterday evening about the move higher at the end of the day. This is a hero signal. We'll talk more about this in a few minutes. This is for the Magnificent 7. Again, I'll talk more about this in just a few minutes. So this is showing options trades, market maker hedging activity for the Magnificent 7 stocks. Right around 1.30, put buyers. They took the foot off the gas. They started buying calls. When traders buy calls and stocks, market maker sell the calls. They have to buy stock to hedge their delta exposure. And I believe that's what helped to initiate this rally yesterday afternoon, right around 3.30. Dip buyers coming in to the Magnificent 7 stocks. All right, so let's move on to book map now. So book map, I have my own cloud notes so I can show SPX levels. There's the 5,095 volatility trigger that I was talking about. Just above that the 5,100. That spot gammas again, risk on, risk off, line in the sand. Here's the 5,115 level acting as resistance at the open. I also have SPI levels on this chart. Here's the SPI 509 volatility trigger that is just above the SPX volatility trigger. And then the SPI 510 absolute gamma strike. That's also the zero gamma level. All right, now there is a difference in price between ES and SPX. And today it has been somewhere between 6 and 7. I'm still using 7. I think 6 and a half might be more accurate. So ES minus SPX equal, let's say 6 and a half. I'm using 7. So I'm showing SPX 5,100 at ES 5107. That ratio, that difference, that offset changes a little bit every day. I do post the numbers that I'm using, the index relationships. I post those in the options-dash-dug chat channel every morning. I post the preliminary numbers and the final numbers. Sorry, I was a little bit late with the final numbers today. I had a very busy morning. All right, so support around the 5,100 level. That's the ES 5,100, that red line. As well as the 5095 and the 509 volatility triggers. All right, for SPI there was three shifts in levels, all lower. So a bearish hat trick for SPI. The volatility trigger put wall and absolute gamma strike all move lower. But for both SPX and SPI, call walls remain intact. 5,200 for SPX and 5,15 for SPI. So plenty of room to run higher up to the call walls for SPX and SPI. All right, let's take a look at NASDAQ. This is the NQ Futures and Book Map. And I'm going to, before I take a closer look at this chart, take a look at the underlying index charts. I'm going to go to QQQ first. So for QQQ, here's the volatility trigger at 437. Acting as support this morning. Good launching point for long. Another entry point at 438. Note that 439 is the call wall. Maybe acting as support. Did act as a resistance earlier today. And then 440 is the absolute gamma strike. Looks like 442 right around there. Yeah, 442 was resistance earlier today. So range for QQQ from 437 to 442. All right, shifts on levels for QQQ. Volatility trigger shifted lower. Put wall shifted higher. Call wall shifted slightly lower to 439. It was 450 yesterday, so shift back down. And then the absolute gamma strike remains intact. All right, let's take a quick look at NDX. Last time I looked, not much to see there. Again, this is the rally that began yesterday. We'll take a look at those alerts in just a minute. All right, so the only level in play here is this 18,000 level for NDX. All right, let's go back to Book Map. So really the QQQ levels. Definitely in play. Iceberg, ESH, 4CME cell 300. All right, so just like ES, I have my own cloud notes. So I'm showing QQQ levels. There's the 437 volatility trigger. And then the 442. 442 is just a round number, not a spot gamma level. So it's shown in yellow. There's that 18,000 level, maybe acting as support. And here's the lower weekly expected move for NQ and the upper daily expected moves. So earlier today NQ did trade above the upper daily expected move. All right, let's wrap up positional analysis. We'll take a look at some setups. Then get to the live market. Looks like there's quite a bit of movement here in the live market. All right, so let's take a look at gamma notional. This is MarketMaker's position on the gamma curve at the beginning of the day for the SB500, NASDAQ and Rosso 2000. The reason I'm looking at this, this will give me a sense of how market makers may react to changes in price and applied volatility. Note for SPX, gamma notional was still slightly positive today in a positive gamma environment. This indicates that traders are short calls. MarketMaker's long calls since the positive gamma and they have to trade against price to hedge their delta exposure. So that's just mildly, that's basically neutral. And then for SPY, gamma notional, definitely negative here. So in a negative gamma environment, this indicates that traders are long puts, market makers are short puts, hence the negative gamma and they have to trade with price to hedge their delta exposure. And then for QQQ, gamma notional is negative also. So looking for more movement today, this is not necessarily bearish, but just looking for wider training range. Gamma notional shifted lower for all these instruments, the SB500 and NASDAQ. So again, I'm looking as these gamma notional numbers are shifting more negative especially for SPY and QQQ, looking for a wider training range, more volatility for the day. All right, so that's positional analysis. Let's move on to execution now. So everything that we've looked at so far other than book map is based on static data. Updated once a day, SPOT gamma takes open interest data, they apply their algorithms to come up with the levels that we were looking at on the charts. So now let's move on to real-time data, move on to execution. So I'm going to start by taking a look at what options traders are doing. So this is the hero signal, hedging impact real-time options. H-I-R-O, this is provided to SPOT gamma subscribers. What this chart is showing is options trades and market maker hedging activity for a combined signal of SPX, SPY, XSP, and ES futures, all into one combined signal. So if you trade any form of the SB500, this is what you want to take a look at. There are two lines on this chart. The first, the white line is showing price for SPX and the purple line is the hero signal. So again, showing options trades and market maker hedging activity for all those different versions of the SB500. A rising hero signal indicates traders are taking positive delta positions. They're buying calls and or selling puts. And a falling hero signal indicates they're taking negative delta positions. They're buying puts and or selling calls. Market makers take the opposite side of that. So with a rising hero signal, they have to buy futures to hedge their delta exposure. And with a falling hero signal, they are selling futures to hedge their delta exposure. All right, so let's zoom in, go full screen on this chart. So initially there was a move down. All right, slow to Ryzee ask about New York Community Bank and KRE. I certainly don't have those in book map. We can take a look and see if they're a hero when I get to the live market in just a few minutes. So yeah, I'll try and do that. All right, so initial move down. Jerome Powell started speaking. Options traders like what they heard start taking positive delta positions and price moves higher. Let's take a closer look and see exactly what traders are doing. We can separate outputs and calls. I'm going to have to jump to another signal and then jump back to avoid the auto zoom. All right, so let's see what was happening. Just after 10 a.m. All right, so the blue line is showing puts. A falling blue line indicates traders are buying puts. Initially the call line was falling also. Traders were selling calls. So just after 10 a.m., the put buyers take their foot off the gas. They actually start selling puts for, looks like about 30, 40, 45 minutes maybe, 40, 50 minutes. And also they start buying calls. So the key point here is the put buyers take their foot off the gas and they start buying calls. So they take their foot off the gas, put buyers take their foot off the gas a little bit before 10, 10, and then the call buyers come in just about five minutes later and price starts moving higher. So separating outputs and calls here provides more clarity about what traders are doing. So let's go back to the SB500, ES Futures. Let's zoom in. So Jerome Powell began speaking 10 a.m. Traders started liking what they heard. So let's analyze the order flow here. The volume dots are showing market buy minus sell. Magentaed volume dots indicate more sellers than buyers. Green volume dots indicate more buyers than sellers. Aggressive sellers on the way down just below the ES5100 level and then as traders started taking positive delta options positions, price reversed higher, makes a lower high, higher low, I'm sorry, higher low, aggressive buyers come in. So right around these volatility triggers made a good entry point for long as the order flow again shifts from aggressive sellers to aggressive buyers. ES, sorry, wrong tool. ES continues to make a series of higher lows. Next good entry point right around 5100. Let's zoom out. And then ES consolidated somewhere between 511 and 512. And that 512 is a combo one level combining SPX and SPI gamma weighted open interest into one level. They're converted to an equivalent SPI price and then converted to an equivalent ES price. All right, so nice log in the morning as Jerome Powell started speaking. Options traders again put buyers took their foot off the gas. They started buying calls and price moved higher as aggressive buyer stepped in. Notice CVD starts rising briefly was negative shown by the magenta line there shifts positive. And then a surprise starts moving higher by stop orders help to feel the move higher that shown by the rising yellow line. Also the on chart indicator these small green dots and one interesting thing to note here just about 11 a.m. CVD topped out and started moving lower. Maybe a pretty good indication of a pending reversal. All right, let's take a look at NASDAQ very similar chart pattern for he talked about the very clear support at the QQQ for 37 volatility trigger. Or let's go take a look and see what options traders are doing. And for the NASDAQ I like to take a look at this signal again that's the mag seven signal that I pointed out from yesterday. Helping to initiate that move higher and the S&P 500 and NASDAQ. All right, so what this is. This is another combined signal for the stocks known as the magnificent seven Apple, Amazon, Google, Meta, Microsoft, NVIDIA and Tesla. So this is showing options trades and market major hedging activity. For these seven stocks, which make up a very large component of the NASDAQ 100 and also a large component of the S&P 500. All right, so that we know what that is now. Let's zoom back in on the chart. Orange line again showing calls rising orange line indicates traders are buying calls. Market makers are selling calls. And in the case of a stock, they have to buy stock to edge their dealt exposure. So initially from the open they were buying calls. Take the foot off the gas. Iceberg ESH for CME by 300. Not much activity inputs. So basically shifts from slightly negative delta to slightly positive delta. Note for the day, notional value is positive for puts. They are selling puts and buying calls. Call buyers definitely driving price. Notional value, 1.8 billion versus puts, 124 million. Right, so right around 10am the key here is traders start buying calls in the mag seven stocks and NASDAQ moves higher. Let's go to book map. Again the reversal at 437 stop run on the way down. That's shown by the falling yellow line, also aggressive sellers. Shown by the CVD, the dark blue line. And note in the case of NASDAQ, there were some large traders buying that move down. Fading the move with iceberg orders. Large traders again buying that move down. That's shown by the rising light blue line. Also the on-chart indicator showing buy iceberg orders. These are showing the individual events. Here in this case since I've zoomed out, this is showing a number of iceberg orders by iceberg orders aggregated into one icon there. Alright so again aggressive buyers come in showing by the green volume dots. Aggressive sellers on the way down. Then aggressive buyers come in, pull back entries all the way up to the upper daily expected move and above. Almost to QQQ 442. That round number level that we looked at on the QQQ chart. Looks like NQ actually touched that level. The QQQ chart was showing 441.99. Alright so good enough. Alright let's go back. So that was the long entry for NASDAQ. Supported by large traders with iceberg orders. Shift and cumulative volume delta. Also buy stop orders fuel them up higher as traders were taking positive delta positions in the mag 7 stocks. Alright let's take a look at a few stocks and then we'll get to the live market. Alright so the first stock I wanted to take a look at today was Meta. Let's see what options traders were doing in Meta. This is very typical for Meta. Aggressive call buyers at the open. Note the flow alert that comes in just maybe four or five minutes after the cash open. Steeply rising orange line call buyers. And they take the foot off the gas about 945. As Meta breaks above the 500 call wall they start selling calls and Meta moves lower. So if you're fast good for a long setup in the morning. And then short setup around 945. Also note as the call sellers take their foot off the gas. And basically these lines flatten out Meta consolidates. Very typical call buyers sellers put buyers put sellers whatever is driving price. Take their foot off the gas sometime mid morning and these stocks will consolidate after that. Alright so let's go back to book map. And so there's the short as traders start selling calls. Then the break below the 500 call wall. So good for a short from right around 502 down to 495. The next is Microsoft. Let's see what options traders were doing. Going to Microsoft. So really watching hero set up more of a long setup along with the NASDAQ. Hero drifting lower until about 1015. Put buyers take their foot off the gas they start selling puts. But they start buying calls. Driving price there again when traders buy calls. Market makers sell the calls. And they have to buy stock days to the delta exposure. And Microsoft makes it all the way up to the 405 hedgewall. As the call buyers take their foot off the gas. And that was actually around 1215. Let's take a look at book map. Remember 405 hedgewall price versus sharply right around 1015. As traders start taking positive delta options positions they were again buying calls. CVD starts moving higher. So good for a long from 399 or even 400 all the way up to 405 hedgewall. Acting as resistance as call buyers take their foot off the gas. Next let's take a look at Nvidia. Alright so another bullish day in Nvidia. Nothing new here. Let's go see what options traders have been doing in Nvidia. So note the put line pretty flat. It is positive for the day so traders are selling puts. But their call buyers are definitely deriving price. Bullish from the open. Flow alert. Maybe a minute or two after the cash open. Traders buy calls. Briefly take their foot off the gas. Then they start buying calls again and Nvidia moves higher. Take their foot off the gas right around. One looks like maybe 125 something like that. One thing that's interesting to take a look at. So first of all remember 900 is the call wall now. So that's the next target on the way to 1000. So let's compare the Nvidia signal here to mag 7. Very similar. Slightly rising put line. Call buying from the open. Pause and then a move higher. Nvidia driving mag 7, driving NASDAQ. Call buyers foot off the gas. Right around 125. Back to Nvidia. Almost identical. Alright let's take a look at one other stock that I just added to my list here. This is Snowflake. It's been a very good short for the last few days. Very typical pattern again. In this case call sellers from the open. Pretty early in the morning they take their foot off the gas. As Snowflake breaks below the 165 put wall. So let's go take a look at book map. Call sellers from the open. Also aggressive sellers. Notice all the vegetative volume dots. Falling cumulative volume delta. And as price breaks down below the 165 put wall. Excuse me as price breaks below the 165 put wall. Price starts to consolidate as traders call sellers take their foot off the gas. Note the cumulative volume delta. Flattens out at that point. Alright WRB. I know you want to take a look at Tesla. We'll go ahead and do that. So a lot of aggressive buyers in Tesla today. You can tell by the green volume dots. As well as the rising cumulative volume delta. And the low here at 174. A lot of aggressive buyers. Let me tone down the volume dots just a little bit. Let's take a quick look at what options traders are doing in Tesla. Selling calls buying puts. Note 180 is the put wall. That's also the key gamma strike. And the right when everything else turned around the. They start selling puts and buying calls. And note when both the orange line and blue line are moving the same direction. That's a very powerful directional signal. So a powerful bearish directional signal. And a powerful bullish directional signal. Alright let's take a look at. Alright slow to Rossi ask about New York Community Bank. I really doubt it's in here. The last time I checked it was. They were talking about it on CNBC. It was trading less than $2. And you welcome WRB. Alright so New York Community Bank. Oh yeah it is in here. So not much. I mean why would you trade options when. When a stock is at. Starts the day around $3 or less. Is now trading. That low. Alright KRE. Regional bank ETF. Let's just switch to the total signal. Alright so not a lot to. See here. Total notion of value. Under $5 million. So negative. Alright does anyone else have any stocks they want me to take a look at. I'm going to go back. Let's take a look at mag 7. So again the mag 7 signal. They've taken the foot off the gas. Price moving lower. Making a series of lower highs. Let's take a look at SB 500. Alright to me this is not as clear. So it looks like the. Hero signal for the SB 500 is. Starting to move higher. So let's go back to the SB 500. Alright so WRB says for fun. Demo trade. Alright so let me note yesterday. I did show trading features in. In book map that was my intent. That was not. The trade that I put on yesterday was not. Necessarily not an ideal trade. I just had. Five minutes. Wanted to get something on. Pick the direction based on hero which was trending down. And. It worked out in my favor. That may not be the case. Today so I'm going to zoom in a bit. And the point of this again I want to make sure everyone understands. Is just to understand. Or just to demonstrate the trading features. In book map. How you can place. How you can place trades in book map. Not necessarily meant to be. An actual trading entry. You know an ideal setup in any way. Alright so let me start. By showing you how to get to the trade control panel. So I'm going to click on this lock here. That opens up the trade control panel. So the first thing that I'm going to do now I have. An account at trade of eight. That's our futures brokerage. There's connector. So I can trade. In my trading platform. In trade of eight or trade here on book map. And the trades will appear. On either platform. I can also select this is the cross trading. Feature in book map. And I can select whether I want to trade the full mini contract. E.S. Or the micro contract M.E.S. So I'm going to show micro contract. Just to make sure this is accessible to everyone. Show how to trade the micro contract. Looking at the E.S. E.S. chart here. Alright so I like to trade from. Let me start. So I have to start that. Then I can trade on the chart. On the dome or both. I like to trade on the chart. So I'm just going to show on the chart. So when I click. To the right of this line. I can place a trade. I can select the number of contracts. What I like to do. Is select half the number of contracts that I want to trade. And then I'll click twice. And then I have. My bracket set up this is just my default bracket. To take profit. At 12 ticks. Or 3 points. And a stop loss at 8 ticks. Or 2 points. Alright so when I'm trading. I have 3 screens. I have book map here in my middle. That's what I'm showing now. Then on my right screen. I have. My trading platform trade of 8. Trade platform. And then a left screen I have book map. So I can watch all at the same time. And make a trading decision. So I'm. What I'm doing is. Building a narrative. So right now I know that. Let's take a look at. So I'm going to have to. Jump back and forth. And I'm going to jump back. And forth between hero. And book map. So as I pointed out before. It looked like hero was. Was rising. So that's bullish. Let's take a quick look at mag 7. Now that's still flat. Maybe rising a little bit. Let's go back to the SP 500. Alright so that set up a good long. Right around the. 5095. That's called the hedge wall here. It's actually for an index. It's the volatility trigger. Set up a good long there. Looks like the hero signal may be flattening out a little bit. I'm going to zoom in. Quite a bit. Let's go back to book map. So I know that cumulative volume delta is rising. And this move higher. It's also been fueled by stop orders. Alright on my left screen. I'm going to shift over to. To hero. So I won't be able to see. Questions in. And you too. So I want to watch the hero signal. A little bit more closely. And I'm not going to be able to see. Your. Questions in discord either. I'm going to shift over to my trading platform. On my right screen. And by all that shifting around. I missed. Missed an entry point there. For short. So what I did is. I double clicked. That was a double right click for a short. For short. That was a double right click for a short. So I missed that. Alright so I'm going to cancel that. Alright so maybe that was just a pullback. To the 5100 level. And I missed that again. Maybe I'll get it. Alright so I'm doing this. Just to. Order filled. Just to demonstrate the. Trading features in book map. Alright so let's zoom in on this. Normally what I would do. Order filled. So I'm moving that. Take profit up to. Right around the 510 level. Going to move my stop order up to break even. Let's move this down. Just a little bit. Alright so that moved up pretty quickly. And I. So I entered at 5109. Took profit at. 1175. Then I moved my second. Take profit up to. Order filled. That was at. Alright 1325. Just below the. 510 absolute gamma strike. So that was actually just a pullback. Pullback long entry. Aggressive sellers on the way down. Aggressive buyers start to come in. Very clear. In book map there. The shift in order flow. Shift in cumulative volume delta. Quick move down. Really just reading the volume dots. Is what was the key there. Also. This reversal. Just above the 5100 level. Alright let me. Let me get back to. Take a look for questions. Comments. Alright so again the purpose. Of what I did was just to demonstrate. Trading features. In book map. So again to summarize I clicked the lock. To get to the trading control panel. I like to trade on the chart. So I picked chart. If you like to trade on the dome. Or both you can pick that. And then I picked. Micros. Just to make this accessible to everyone. Again I should have held a runner. Longer. I selected one contract. Using my bracket. And then I moved the. Second take profit. Up just below a level. That I thought might act as resistance. And then once this. First. Got filled on my first take profit. I moved my stop order up to break even. Alright let me take a look. Alright here's the trade for today. And trade of eight. Again note this was. A demo. Demo account. And here the two trades first. And second. The first. Little under. Three points. And the second little bit over four points. For total seven points. Alright so I'll post this. In discord. In a few minutes. Alright I hope that helped everyone. And let's just take one class. Last look at hero. Alright so overall. Hero was continuing to move higher. And that was just a little. Little pullback. And the. Key entry point there. If I was just sitting and trading was the. Reversal higher. At the 5095 hedgewall. Volatility trigger. And at that point. Kimmel to volume delta started to rise. At that point. Kimmel to volume delta started to rise. And also the move. Higher was fueled by. By stop order shown by the rising yellow line. Also the on chart. Indicators. So nice pullback to 5100. For a long entry. Again should have held a runner longer. Alright my time is up. I want to thank everyone for watching. Thank you for your questions and comments. Remember a drone pal. Is speaking again tomorrow. 10am. He spoke I think for about. Over two hours today. But that. Traders definitely liked. What they heard today. At least initially. Alright everyone. I will see you tomorrow. Thanks again. Bye.