 Hello everyone Welcome to options with Doug streaming live daily book map discord and the book map YouTube channel at 1 30 p.m. Eastern Time and I am streaming. I had a difficulty with discord this morning. So I'm using the web-based version of Discord to stream If somebody watching on discord book map discord can just confirm that you can hear me and see my screen If someone would please do that. Alright, I'm going to go ahead. So again somebody on discord Please confirm that you can hear me and see my screen Before I get started. I need to go through the disclosures general disclosure I'll book map them and materials information and presentations are for educational purposes only and should not be considered Specific investment advice nor recommendations risk disclosure training futures equities and options involves substantial risk of loss and Does not suitable for all investors past performance is not necessarily indicative of future results All right. Thank you, Tony Can you see my screen as well? All right, sorry about that So here's my contact information the best way to get in touch with me is through discord My name on discord is Doug P and Book and in book map discord. There's an option stash Doug chat channel That is a great place to post questions comments and content Related to the topics of my presentation and the topics of the channel, which I'll go through in just a moment and Also note that book map discord is free and available for everyone Whether you're a book map subscriber or not, it's a great place There's a lot of great channels here For options futures stocks, etc And I'm also on X formerly known as Twitter. My name there is at Doug plus The focus of my presentation and the focus of the options stash Doug 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 a 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 for entries and exits and when I talk about setups today I will be talking about an underlying asset For example setups in the SOB 500 can be taken With the yes futures spy shares spy options SPX options or even ES options Questions and comments are welcome and I will be watching All right, I co-jet says no no sound right. I'm having a hard Hold on just a moment, please Sorry about this All right, I should be unmuted can someone confirm on discord that you can hear me now. I think I'm unmuted Okay, great. Sorry about that everyone. All right questions and comments are welcome. I Will be watching both the options dash Doug chat channel and discord as well as the chat and YouTube For your questions and comments, so please feel free to post and I will do my best to answer your questions and respond to your comments Here's my agenda for today. This is Friday, October 20th This is the October monthly options expiration So for today what I want to cover is news items and that is the options expiration for today That wraps up the week Then I'll go through my positional analysis Then I'll review some setups from this morning And then I'll talk about the live market and when I get to the live market if anyone has any stocks They want me to take a look at I'll be glad to do that. Please. Let me know All right, so the big event for today options expiration and let's take a look options expirations are often turning points in the market and a lot of that which direction depends on the market makers position on the gamma curve as well as the call or put domination of the expiration so this is the expiration concentration chart in spot gamma for the major indices SMB 500 Nasdaq and Russell 2000 What this is showing and this is showing delta notional on the vertical axis and expiration date on the horizontal axis This is the October expiration the blue bars are showing put delta negative delta Orange bars showing call delta so you can see there the Blue bar is dominating there more puts Dominating this expiration. So this is a put dominated negative gamma expiration and typically as those puts expire Especially today, they're quickly losing value due to Charm which is the change in delta with the change in time as time passes and Also, if implied volatility starts to drop and that was key for today To watch implied volatility then those puts quickly start to lose value in this situation traders are long puts market makers are short puts and As those puts expire they can buy back their short futures. They are using to hedge their position So put dominated Expiration could potentially lead to a put banner rally and it's a complicated by geopolitical geopolitical events so that Smart gamma was speculating that traders may want to Hold puts over the weekend due to the Warden that warned the Middle East and other geopolitical political events But anyway looking for a potential put banner rally maybe on Monday, so that's You know that does complicate the The situation a little bit All right, so that is the big event for today options expiration note for SPX There are two expirations typically on the month the AM settlement and the PM settlement so the PM AM settlement Happens at the cash open. That's already done So some of those SPX options have already expired All right, and that's it for the news options expiration Let's go to positional analysis now. I'm going to start with the SMB 500 and this is the ES futures and book map And before I take a closer look at this chart, I want to take a look at a larger time frame so I'm going to start with SPX and First point out the major turning points in the market. So this is just price and key levels So I'm going to start with price. This is the September 15th expiration very large expiration And that is was a call dominated expiration as those calls expired calls that are stabilizing the market expire This is typical of a call dominated expiration the market moved lower and then reversed higher This is October 6th the jobs report Gamma squeeze after that report that was negative gamma environment and then Finally SPX found resistance around the upper weekly expected move last week. I you know, I think probably due to a variety of events the Sharp increase in treasury yields as well as the war in the Middle East the Invasion of Israel All right, so now we're up to the options expiration in October Very negative gamma put dominated expiration. So we'll watch today and tomorrow and see what happens If this put Van Arelli potential put potential put Van Arelli Takes place. All right. So the SPX is down back to the level That found support before around 42 25 Or actually this is showing the low at 42 16 All right, so those are the major turning points. This is a 30-day one-hour chart. Let me point out the Levels on this chart The dash purple lines Are showing the lower upper weekly expected move that's based on the options market 68% of the time SPX can be expected to trade within that range that set that Changes once a week. I changed that over the weekend and then the dash blue lines are showing the lower and upper daily Expected move that changes every day again a one standard the aviation move SPX is expected to trade within that range 68% of the time and it looks like SPX is above the lower daily expected move and Now making its way Potentially above the lower weekly expected move. So we'll take a closer look in just a minute But those both of those levels of the lower daily and weekly expected moves and play for today All right, the next levels that I want to point out are spot gamma levels These are proprietary spot gamma level late levels Available to spot gamma subscribers. I'm going to point out the key daily levels First of all, here's the put wall That's at 4,200 today. That's a strike with large net negative gamma that can be expected to act as support and note that level did shift lower from 4,300 yesterday to 4,200 today. So that's bearish that potential floor for price did move lower All right, the next level up is 4,300 That is the absolute gamma strike That's a strike with the largest absolute negative and positive gamma The that's where the most gamma weighted open interest is concentrated The next level up is the volatility trigger that a spot gammas proprietary gamma 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 edge their delta exposure and that tends to Enhancer increased volatility when market makers are trading in the direction of price to hedge their delta exposure On the other hand above that level 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 finally the call wall at 4,400 that's a strike with largest Net positive gamma that can be expected to act as resistance. So the put wall at 4,200 being the potential floor 4,400 the call wall being the potential ceiling and note that SBX is trading well below its Volatility trigger All right. So those are the key daily levels Now let's take a look at a another SBX chart shorter timeframe Just to focus in on the levels that are in play for today. So here's the lower daily expected move SPX treated slightly below that now trading above these are a couple of Spot gamma levels combo L2 combining SPX and spy gamma Into one level and then the 4,250 level and that 4,250 level was noted as support in the spot gamma I am Founders note. Here's the lower weekly expected move. All right. Let's go to book map now So in book map, I have my own cloud notes. I'm showing SPX levels So there's that 4,248 combo to level as well as the 4,250 level and I do have Lower daily expected move and lower weekly expected move. This is for ES So slightly different than SPX and note this lower Daily expected move almost to the tick acted as support and That was just around the spy 4,22 level as well And I also have as I mentioned spy levels So spy 4,22 that is not a spot gamma level that is just a round number for spy Here's the spy 4,26 large gamma 2 level and around that level and also ES 4,300 acted as resistance this morning. So so far that is the range for the day right around spy 4,26 ES 4,300 as Resistance the high high for the cash open and then spy 4,22 as well as the ES lower daily expected move As support so far today All right. No there note. There is a difference in Excuse me. No, there is a difference in price between ES and SPX and Right now that price difference ES minus SPX is around 25 points So I'm showing SPX 4,250 at ES 4,275 so ES minus SPX is 4,275 and Look take a look at questions comments. So Jono, thank you very much for confirming sound and YouTube Excuse me and Trading trading for a living good afternoon to you as well. Welcome glad you're here. Okay, so those are the levels and play for the SP500 today shifts and levels I talked about the shift lower in the put wall for SPX that is bearish Volatility triggers actually shifted slightly higher not really significant from 4,345 to 4,350 For spy the volatility trigger shifted lower the put wall also shifted lower to 4,20 and Then the call wall actually shifted higher to 4,60. That is not significant That's well out of play and the absolute gamma strike shifted lower to 425 for For spies that's shown right here. So overall Bearish shifts lower in the key daily levels for the S&P 500 Let's take a look at NASDAQ now. So here's the in queue futures in book map Let's Isolate the QQQ levels first So here's QQQ for the day this 360 level as well as the combo level just below that Acting as resistance just after the cash open 360 is the absolute gamma strike For QQQ that level did shift lower from 365 yesterday to 360 today and And then around this combo level acted as support and Now this combo level Maybe acting is resistant Resistance the combo levels combine QQQ and NDX Gamble weighted open interest into one combined level and then converts that price to an equivalent QQQ price here All right, so those are the QQQ levels in play for today. Let's take a look at NDX and There's this combo level the combo levels resistance More or less a support Price undercut a bit and then now this combo level acting as potentially as resistance So the NDX levels have definitely been in play for the NASDAQ today All right, let's take a look at the NQ now So here's that combo level acting as resistance and Note that NQ traded down to its lower daily expected move found support there along with that combo level as well as QQQ 355 All around that level Now it looks like This lower weekly expected move as long as well as that combo level Maybe acting as resistance all right Momo, I don't know what all this means you're It's not really relevant to what I'm talking about so if you could please Cease posting this information that really is not related to what I'm talking about please All right, so that's NASDAQ levels in play for today. I'll talk about setups in a few minutes shifts in levels for NASDAQ the For NDX volatility trigger shifted lower put wall shifted lower Call wall also shifted higher and the absolute gamma strike shifted lower so overall bearish shifts lower in the NDX and Then for QQQ The put wall and the absolute gamma strike shifted lower so the put wall shifted lower across the board for SBX spy NDX and QQQ and then the absolute gamma strike shifted lower for spy NDX and QQQ so bearish shifts lower in the SMB 500 and NASDAQ All right, let's take a look at Gamma notional now And my whoa, please please stop. I don't know what you're talking about. So you're what you're posting here is not Not really relevant to what I'm talking about. So please take it elsewhere, please All right, let's let's take a look at gamma notional Clear the screen here gamma notional All right, this is market makers position on the gamma curve at the beginning of the day For SPX spy NDX and QQQ. I really don't look at NDX. I focus on SPX spy and QQQ note all these numbers are Quite negative much more negative than yesterday so gamma notional shifted lower and that can be expected from the Price action yesterday This is market makers position on the gamma curve So in this position traders are long puts market makers are short puts and they have to Trade with price to hedge their delta exposure All right, so we know that this is a put-dominated exploration a Lot of puts expiring market makers position on the camera curve at the beginning of the day quite negative All right, let's take a look at the Vantam model now and see how market makers Can be expected to react with changes in price and applied volatility Okay, so this is SPX Vantam model What this chart is showing is market makers delta notional. That's their delta exposure on the vertical axis price on the horizontal axis There are two curves on this chart and the first The light gray curve shows how market makers delta notional changes with changes in price only The purple curve adds implied volatility to the equation that shows how market makers Delta notional changes with changes in price and implied volatility and That change in delta with the change in implied volatility is the van effect hence the name of this chart and Van is the second order Greek All right, let's take a look at some prices now Right now SPX is trading right around forty two fifty forty two fifty one So that's right here So what this is showing if price increases and applied volatility drops Market makers can buy back short futures. They always were and want to remain delta neutral So as price increases implied volatility drops their delta notional is Dropping and they can buy back short futures on the other hand and let's see the high of the day was For SPX right around forty two seventy six that's a Right around here So as price was falling earlier today This worked both ways Market makers delta notional was increasing and Market makers had to sell futures to hedge their delta exposure Alright, so that is the Betta model for SPX Note this curve is very typical of a negative gamma environment this start this very steep Skiw to the left typical of a negative gamma environment market makers trading with price as Price moves up and down implied volatility changes All right spy is trading at forty four twenty four right now The low of the day was right around four twenty two 422 around here 424 so as price Again the same thing Price increases implied volatility drops market makers and buy back short futures On the other hand for spy the high of the day was 426 right around here. So again, it works both ways oops Market makers have to sell futures to hedge their delta exposure again remember they always want to remain delta neutral Finally, let's just take a quick look at QQQ QQQ currently trading 357 and again on the very steep portion of this Banda model here. All right. So based on this information I Had really a primary thesis and an alternate thesis. So the first Was bearish based on the shifts in levels You know, I talked about the shifts lower Especially the put walls across the board for the SME 500 and Nasdaq also the shifts lower in the absolute Gamma strikes for spy and DX QQQ based on that Information my thesis for the day was bearish traders were looking for and Expecting lower prices and they're positioning in themselves in the options market for lower prices on the other hand There's this Put-dominated option options expiration potential put banner rally we can see Some of the potential here. This is the Let's go back to SPX What this curve is showing? This is a gamma model. So when I talk about the gamma model here it is and note the green curve That is the current expiration. That's for today and the Gray curve is next expiration. So that's Monday So this is showing that a lot of gamma is going to be coming off Today So the gamma curve will shift pretty significantly On Monday, so there's less negative gamma puts expire and there will be less hedging pressure based on that and Note also how this curve There's the slope of this curve changes pretty substantially right around Let's say 41 25 41 and 26 there Indicating again market makers need to hedge will slow substantially at this level All right, let me check for questions All right, Nico ask is is there a way to calculate the weekly and daily supports and resistance? Based on options without using thinkorswim Just a website data. Well, there are a couple of ways If you're a if you're a spot gamma subscriber spot gamma provides a Let's take a look at it spot gamma provides a And a five-day move implied five-day move and applied one-day move Otherwise I get my I'm just used to getting Getting my data from an options chain. I use thinkorswim if You know, I'm sure you can get Find an options chain on On some web-based site. I don't know what You know a lot of trading platforms have web-based platforms as well All right, so there are a couple of options there Again, I just use an options chain Use the options implied move All right SK gang go ask to the gamma levels and toss automatically update daily or need to be adjusted daily like in trading views So there is some manual intervention intervention for thinkorswim. So what? Let me see spot gamma provides these integrations To for a variety of platforms. This is what I use for thinkorswim So I have to download it here and I just copy it copy it paste Into thinkorswim. It takes about a minute and that updates all the levels for SPX by qqq IWM And I think as well as the futures Right. So there is some manual intervention and and thinkorswim, but that one chart covers All of those instruments and it takes about a minute So it's it's no big deal and Past 2910 Ask what do I mean delta neutral? I mean it means no delta exposure market makers Want to all their job is to make markets and hedge their hedge their risk Manage their risk. So they don't want to have any delta exposure delta is a exposure to changes in price And they want to remain delta neutral All right, so I hope that answers your question All right, so steven asks. What do you mean the gamma will pick up or go off? In terms of the expiration today it will come off So the gamma is expiring today. So a lot of that is Put put to expiring today basically is a way to look at that so that's Gamma curve that I showed will There's going to be less Less negative gamma fewer puts puts expire. So less hedging pressure All right, so let's take a look at some setups now This is the hero chart for sv 500 What this chart is showing? And you're welcome, steven. Hope that answers your question what this chart is showing its price for spx And you're welcome past 2910. All right, so this chart is showing price for spx And the hero signal hedging impact real-time options So everything that we've looked at so far static data pretty pretty much based on Gamma weighted open interest that's updated once daily sometime in the middle of the night Now this is real live time live data This is showing options trades and market maker hedging activity For a combined signal for spx xsp spy and es futures I'm going to zoom out on this chart And what this chart is showing is? options traders Have really been taking positive delta positions all day the hero single Moving higher indicates traders are taking positive delta positions I'm going to Take a look at this quickly So they're buying calls and buying puts call buyers more aggressive I've had some difficulty with this chart zooming so I'm going to go back to the total signal So we know traders are taking positive delta positions Now there it still jumps. All right, so let's go take a look at book map Go back to es So we know that pretty much from the open traders were taking negative delta positions So really hero was not providing any clue for this move lower in the morning The the clue was primarily in order flow This reversal at the 4300 426 level and you can see this Order flow cumulative volume delta moving lower That's the dark blue line light blue line is showing iceberg orders traders Not large but larger traders That not a large number of icebergs, but iceberg orders are what larger traders use to hide their size And then also the yellow line showing stop orders Helping to fuel the move lower So there is Underneath that green dot there there's an An indicator in for iceberg orders selling sell stop orders shown by the yellow line in the Subchart as well as these red dots Moving price lower Then we know that traders were taking positive delta positions And price are versus higher right at the lower daily expected move Makes a lower high here You can see the shift in order flow. It's pretty apparent here These volume dots are showing market buy minus sell So magenta dot indicates there are more sellers than buyers Green dot indicates more buyers than sellers So you can see these clear shifts Right at 1130 as well as right around 1215 Aggressive sellers on the way down Very large iceberg order comes in that's 6,000 contracts large large traders two executions With 6,000 contracts And that certainly helps to fuel the move higher that's shown By this sharp jump higher in the light blue line In the subchart All right, so it looks like SAP 500 found resistance There's a number between VWAP that That blue line there as well as the 42 60 level Let's go back to hero and see what options traders are doing So they may be maybe taking their foot off the gas. Let's see All right, so in the last So in the last hour traders had still been taking positive delta positions and then around two o'clock they They stopped started taking negative delta positions All right, so there were a couple of setups first the short in the morning really just based on watching order flowing book map and then the long setup in the morning really based with the options traders hero signal contributing to your thesis for a Narrative for a long setup As well as your thesis for a put vana rally Let's just take a quick look at vix And here's vix For the day And note the drop lower and vix Right around 11 30 Maybe just a few minutes after So the break lower and vix Options traders taking positive delta positions All right, let me check for questions All right, tony ask if you're looking for interday trend reversal on hero Would you prefer spx or spy? And what rolling window would you prefer? Split puts and calls or combined um So for the hero signal for smp 500, I typically look at the combined signal. That's what i'm looking at now The combined signal combining spx by xsp and es futures on the one combined signal And by default i'm looking at the The one-day rolling period So one thing that may happen if I see hero see hero flatten out in the afternoon It's not providing much information Then I will change this rolling window to 30 minutes To get more information, but I today I think there's plenty of clarity just from this one-day rolling window And then I do look at puts and calls I looked at that before so this does provide some additional information And uh, you know here. No, we're just kind of looking at Very short time frame squiggles You know, this just could be a You know this all these signals oscillate up and down a bit So traders have been buying calls Looks like in the last 15 minutes They've taken the foot off the gas Sorry about that nothing I did The put line so the orange line is showing calls So it looks like right around two o'clock Traders started Buying puts again And started selling calls So when both of these lines are going in the same same direction, that's a powerful signal So that is a definitely a bearish signal when both of these lines are turning in the same direction All right, so Tony I Hope that answers your question. So I prefer typically the one-day One-day rolling window Total signal I do separate outputs and calls and I think that provides more information more clarity And trout trout fly says thank you for simplifying and explaining things. So it's been Beginners can understand and learn and you're very welcome Thank you for your kind words and past 2019 can I see any any See anything on the chart connected with the geopolitical situation? Uh, no not really I Oh, jono says his hero has the same zoom issue, please please please contact Spot gamma support about that. I have sent a couple of emails. They indicate they are not able to Recreate the issue. I really haven't that's all I've heard from them Um, I thought it was me only, uh, please please please jono, please contact uh spot gamma support info at spot gamma dot com and Let them know you're having that issue as well. All right, so that is the sab 500 now So far for the day options traders net still taking positive delta positions That may be rolling over a little bit All right, sk. Gango says he has the same he or she has the same issue with uh with hero again Please contact info at spot gamma dot com With your issue All right, so I could jad ask this the put banner rally that it that is expected on monday reflected In the elevated call prices for next week Uh, not necessarily. It's uh just related to the Amount of puts expiring today the the put gamma and the negative gamma Uh environment for today So I you know the elevated call prices Anytime prices are elevated that indicates increased demand. So if there's an increased demand for Claws that you know if prices are increasing for a cause that could indicate increased demand So maybe traders, uh, we'll we'll take a look at the um The key daily levels on monday and see how they have changed and it may take several days for the After the expiration for the Levels to firm up a bit All right, let's go take a look at book map Go back to the sp 500 then we'll take a look at nasdaq So sp 500 heading back toward the toward the lower of the day Break of this trend line As options traders were taking started taking Negative delta positions selling calls and buying puts Let's take a look at nasdaq So here's the resistance at this combo level Also the indiex volatility trigger qqq Let's see what 359 Let's take a look and see what options traders were doing Go to hero for this combined signal Going to zoom in so this combines indiex and qqq into one one signal And here in the morning. This was much more clear. Nice divergent setup Right around 940 945 traders started taking negative delta positions And then price followed just a few minutes later So let's go back to book map So we know that traders were taking negative delta positions Right in this time frame here Then price finally breaks below view app And this cluster of levels there the 740 volatility trigger And aggressive sellers start to come in that shown by the magenta volume dots Looking at the sub chart cumulative volume delta turns lower And then sell stop orders shown by the yellow line there Start to fuel the move lower those are shown by these small red dots here aggressive sellers Traders taking options traders taking negative delta positions aggressive sellers sell stop orders And fuel the move lower to around the Lower daily expected move also this combo level As well as qqq 355 All right, so that's nasdaq Now turning lower at pretty similar to the smb 500 between vwap And this cluster of levels here Lower weekly expected move 358 let's go back take a look at hero So pretty similar to uh smb 500 options traders right around 1130 Taking positive delta positions price reverses higher They take the foot off the gas and now Nasdaq is starting to move lower All right, let's take a look at some stocks All right, what I did this morning is I Ranked my watch list by weak hero signal This list this order has changed a little bit, but in the morning um The the list had apple netflix amd and microsoft, so we'll take a look at all those And actually, uh, this smb 500 was a strong signal this morning. So let's start with amd So noted in the morning traders taking negative delta positions Here's a flow alert indicating Significant options activity Let's go take a look at book, ma'am Go to amd And tony asked can I cover a goob today? I have gooby l I'll take a look at that All right, so here's amd not a lot of range um Flow alert comes in traders taking negative delta positions Price moves lower Let's go back hero And next on the list apple And in the morning traders taking negative delta positions note the Very important level there at 175 That is the That's the hedge wall Key gamma strike and put wall all combined at 175 and this may be very difficult to see but there is an alert here Let me just zoom in on this just a bit see if we can get a little bit more clarity Yeah, so here's the alert And divergent short hero making moving lower price briefly makes What makes a high then follows moves lower Let's go take a look at apple Here's apple Note the huge opening print That's um Let's not right here. There's the 175 level traders taking negative delta positions price moves lower Microsoft was on that list. Let's take a look at microsoft Another huge opening print Let's go take a look at hero There's microsoft 330 is the key gamma strike the hedge wall another flow alert All right, so we saw microsoft and book map. All right, let's take a look at google Pretty similar picture Sharp move lower reversal Higher around 1130 Huge opening print Let's take a look at hero and see what options traders are doing Note the hero signal and I what I'm talking about here is this hero signal Comparing the hero signal for today would last five days and last 30 days So for example for netflix here, this is the hero signal for today shown by this Round dot Showing it as the weakest that it has been in the last 30 days That's the entire range of the slider as well as the last five days that's shown by the colored portion Let's take a look google the hero signal for google uh in the middle of the range But still moving lower in the morning Traders taking negative delta positions And reverses higher right around 1130 Let's take a look at netflix. I don't have netflix in And book map that we can take a look at hero here so short setup in um Netflix and the key was this reversal at the call wall at 410 So initially traders were taking positive delta positions And then they started taking negative delta positions as netflix hit the call wall at 410 All right, those are the stocks that I wanted to take a look at And tony that uh, sorry. I don't have google. I have google very similar All right, let's take a look final look at the sp500 All right sp500 spx turning down Back toward the lower the day Vicks turning up still not near the high of the day Let's go to book map back to es Notice that large traders are Are buying with iceberg orders that shown by this rising light blue line So large traders fading this move lower. There are buying weakness. That's pretty typical Large traders with iceberg orders buy weakness and sell strength In this case they are buying A cumulative for the day and I open that starts around 7 a.m. When I open a book map 6,512 contracts positive And no cumulative volume delta for the day is also positive Finally, let's go back to hero and notice also the Notional value for hero is also positive for the day Net for the day traders are taking positive delta positions All right, my time is up. I want to thank everyone for watching Thank you for your questions and comments and please anyone who is using hero And is having the same issue that I have had for several weeks with this auto zoom Please contact spot gamma support let them know that you're having the problem that is info at spot gamma.com All right, everyone will watch for a put banner rally potential put banner rally on monday as these options expire today And so we'll see what happens on monday everyone have a great weekend. Thanks for watching Thanks for your questions or comments, and I will see you on monday. Thanks. Bye