 Hello everyone welcome to options with Doug streaming live daily on book map discord and the book map YouTube channel at 1 30 p.m. Eastern time before I get started I need to go through the disclosures general disclosure all book map 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 involves substantial risk of loss it 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 in bookmap discord there's an options dash jug 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 I'm also on X formerly known as Twitter my name there is at Doug plus here are the key tenets to my approach for trading this is the basis of my approach to trading first of all I believe options trades and market maker hedging activity are key drivers of price and many stocks and futures and for the SP 500 SP X is the underlying index and spy is the ETF version of that index and ES is a derivative of SP X so when traders buying sell puts and calls and SP X and spy market makers take the opposite side of those trades and they hedge their delta exposure with ES futures and for the NASDAQ 100 and in DX is the underlying index QQQ is the underlaw the ETF version of that index and NQ is a derivative of ND X and when traders buying sell puts and calls in ND X and QQQ market makers take the opposite 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 dash 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 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 inhale those positions change from day to day to develop a thesis regarding the expected trading range and volatility for the day as well as their directional bias and the second step in my process is execution I like it 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 focusing on an underlying asset for example the SB 500 setups can be taken with ES futures spy shares spy options SPX options or even ES options questions and comments are welcome and I will be watching both the options dash jug chat channel and discord as well as the chat and YouTube for your questions and comments please feel free to post I'll do my best to answer your questions and hello Susan Suzette sorry Suzette Steven welcome glad you're here all right here's my agenda for today Monday March 25th first of all want to go over news items economic data and events there was nothing today so upcoming for the for 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 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 or let's start with news items so again nothing no high-impact data today or events tomorrow durable goods that data release is 8 30 a.m. eastern time and then consumer confidence out at 10 a.m. then on Thursday GDP report comes out at 8 30 a.m. eastern time then 10 a.m. Michigan consumer sentiment there is some data and events on Friday but it is a market holiday I'm sure the futures market will be open up probably until 1 p.m. eastern time but the stock market is closed on Friday for the Good Friday holiday but anyway the data coming out on Friday PCE data that's normally a market mover at 8 30 a.m. eastern time and the drone power will be speaking at 11 30 a.m. eastern time so could move move the futures but again that's a stock market holiday or let's move on to positional analysis now I'm gonna start with the SB 500 this is the ES futures and book map nothing going on here but let's take a look at it alright so let's I'm gonna again this is the ES futures and book map and I'm gonna start by looking at a higher time frame and I'm gonna go to the underlying index that's the SPX index for the SP 500 whoops wrong chart sorry we'll get to that one in just a minute let's start with a one-day chart so this is again SPX one-day chart current rally began last year October 30th since then SPX has rallied up about 1150 points and during this year the SPX call wall has moved up from 4800 to 5300 today let's take a look at that now so let's go back to that that was a one-day chart now let's go to an SPX one hour chart this is a 30-day one hour chart green line this is showing the upper end of that trend line that began in October high 52 61 all right again the call wall has moved up more about that in just a minute from 4800 around the beginning of the year up to 5300 today all right let me point out the levels on this chart first of all the dash purple lines are showing the lower and upper weekly expected move this is based on the options market this is also based on the closing price for SPX last Friday those levels remain in place for the entire week the dash blue lines is showing the lower and upper daily expected move also based on the options market based on the closing price last Friday I update those levels every day based on the closing price of the previous day and I do post those levels in the options dash jug chat channel and bookmap discord every evening right so SPX trading inside both of those ranges the other lines on this chart are spot gamma levels these are proprietary spot gamma levels they're provided to spot gamma subscribers they're based on gamma weighted open interest I'm going to point out the key daily levels first of all here's the put wall at 4800 that's a strike where the largest net negative gamma that can be expected to act as support and if you recall from Friday the levels to me seem quite strange and really didn't line up with the absolute gamma level so it looks like that has been straightened out now I know spot gamma was having an issue with a data provider last week so it looks like the levels the gamma levels for SPX have been excuse me the gamma levels for SPX have been corrected and but more appropriate now today so it looks like that issue has been resolved all right so that's the put wall that's a strike with the largest net negative gamma can they expect it to be expected to act as support and that that did move lower from those levels on Friday all right the next level up is 5000 that's a strike with the largest net positive absolute positive and negative gamma and if you recall last Friday I talked about the it looked like 5000 was the absolute gamma strike so again that level has been resolved lower from Friday the level I'm that I was not sure about so again that's a strike with largest absolute positive and negative gamma that's where most of the gamma weighted open interest is concentrated the next level up is the volatility trigger at 5190 that a spot gammas 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 edge their delta exposure and that tends to enhance or increase volatility 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 edge their delta exposure and that tends to subdue or decrease volatility and note that SPX is trading above its volatility trigger and then finally the call wall that I mentioned before has moved up to 5300 that's a strike with the largest net positive gamma and that can be expected to act as resistance so now the potential floor for price at the put wall at 4800 and the potential ceiling for price at 5300 so again the put wall of volatility trigger put wall an absolute gamma strike all move lower and the call wall move tire so going from that very narrow range on Friday to a much much wider range or let's wrap up our view of SPX with a one minute chart so this is SPX let me zoom in on this just a little bit so this is showing about a half days worth of price action on Friday and then the price action today very narrow consolidation today not much to see here all right let's go to go to book map now so again this is the yes futures and book map and I like to show spy and SPX levels on this chart I use my own cloud notes I use my own cloud notes so I can show spy levels and SPX levels again here's the this is an SPX level that was not shown on the previous chart that was noted as a support level in the spot gamma am founder's note and I do mark those levels on my chart no did it did act as resistance earlier today somewhat support and now support so resistance earlier in the day and now support and again that is SPX 52 24 noted as support in the spot gamma am founders note also note there is a difference in price between between ES and SPX earlier today that difference in price when I checked it was about 58 points so the ES to SPX offset again was right around 58 points that may be closer to 59 now so I'm showing SPX 52 24 at ES 52 82 also have spy levels on this chart there's the spy 520 absolute gamma strike and for spy there were a couple shifts and levels the put wall move lower and the call wall move higher just like the SPX so the call wall for spy has moved up to 5 525 and the call wall again for SPX up at 5300 so based on that the SB 500 does have room to move higher right so again a very narrow range today trading within this is a 10 point range spy 522 521 better 10 point range very narrow range much better opportunities for trades and stocks today I thought all right let's move on to NASDAQ this is the NQ futures and book map a little bit more movement here in NASDAQ today so before I take a closer look at this chart I do want to take a quick look at the underlying index charts this is QQQ showing in a one-minute chart so this is price action for today the dark shaded area and for QQQ 445 that's the zero gamma level that's also the absolute gamma strike and then 446 is the volatility trigger we zoom back out note that that 446 level did actors resistance earlier today before the cash open somewhere around 435 a.m. so now QQQ back up to that level and finding some support at that 445 level absolute gamma strike zero gamma level all right so that's QQQ let's take a look at NDX to zoom in here so gap down then moving higher no spot gamma levels in play for today for NDX right back to NQ so just like yes the SB 500 I have my own cloud notes there's the QQQ 445 445 level acting as support and note that NQ did trade down below its lower daily expected move earlier today aggressive buyers came in more about that and a little bit 4444 4444 acting as support and note the point of control is just above the 445 level that's that dark purple line there the solid purple line also you can just see all the the volume concentrated most of the volume concentrated around the up and down around the 445 level and some concentrated up and down around the 444 level all right shifts and levels for the NASDAQ no shifts and levels for NDX and then for QQQ just like spy and SPX the put wall shifted lower and the call wall shifted higher so the call wall for QQQ is at 454 so according to that the NASDAQ has room to move higher all right the absolute gamma strike did move lower for QQQ down to 445 all right so a good move in the morning and then a lot of chop around the 445 level all right normally I take a look at gamma notional really nothing to see there a gamma notional still slightly positive for SPX slightly negative for spy both those levels did move lower and then both slightly positive for NDX and QQQ and both those levels did move higher so not again not much to not much to see there all right let's move on to some setups so I'm going to start with the SB 500 all right so based on the shifts and levels they were really mixed I would say overall slightly bearish but that often all depends on what options traders are doing today and they were buying the dip earlier today all right so let's move on so the levels that we just looked at that's based on static data spot gamma takes open interest open interest data that's updated once a day from the OCC they take that they apply their algorithms to come up the levels I do watch the shifts and levels every day that gives me an idea of the the sentiment how traders are positioned in the options market whether they are looking for and expecting and positioning themselves for higher prices or lower prices right so again a mixed picture but slightly bearish neutral I would say neutral to bearish for both the SB 500 and NASDAQ all right so now let's move on to real-time data to the execution part of my process so again the first thing I want to do is take a look at what options traders are doing today all right so this is the hero signal hedging impact real-time options this is available to spot gamma subscribers what this chart is showing is options trades and market maker at hedging activity in real-time for a combined signal for SPX spy XSP NES futures so if you trade any form of the SB 500 this is a signal that you want to take a look at the lines on this chart first the white line is price for SPX and the purple line is the hero signal again H I R O hedging impact real-time options all right let's zoom in on this chart a rising hero signal indicates traders are taking positive delta positions rising hero signal they're buying calls and or selling puts a falling hero signal indicates they are taking negative delta positions they're buying puts and or selling calls all right I'm going to zoom in a little bit I want to focus on the what was happening in the morning so from the open traders were taking positive delta positions it took a brief pause SPX pulled back another pause SPX pulled back so three legs higher as traders were taking positive delta positions then finally around 1015 they took their foot off the gas and price consolidated all right so the best move for the SP 500 from the open long entry at 945 or 1005 so let's go back to book map let's zoom in on this all right here's the first leg higher right at the cash open traders take positive delta positions and the SP 500 moves higher so again remember when traders are buying calls for example an SPX and spy market makers to take the opposite side of those trades and they're buying ES futures to hedge their adult exposure first leg higher consolidation and resistance at the 52-24 level second leg higher the volume dots in book map are showing market buy minus sell magenta dots are showing more sellers than buyers green volume dots show more buyers than sellers you can see on the way down all the aggressive sellers cumulative volume delta shown with a dark blue line to magenta line booze lower cumulative volume delta reverses hires aggressive buyers come in and as the SP 500 moves right back up to that 52-24 level and again remember so the first wave up second wave up options traders take the foot off the gas take the foot put the foot on the gas again and price moves up toward the 521 level CVD rising also note the rising yellow line indicating buy stop orders help to fuel that move lower higher aggressive sellers start to come in and then price moves lower as options traders take their foot off the gas all right so three waves move higher in the SMB 500 some out then a lot of chop after that so the SMB 500 has really not made any progress or much progress above that 52-24 level all right let's take a look at NASDAQ all right so this is the enqueue futures and book ma'am let's go back to hero to see what options traders are doing excuse me all right for NASDAQ I like to take a look at this mag seven signal let me show you what this is this is another combined signal showing options trades and market maker hedging activity for a combined signal of the stocks known as the magnificent seven apple amazon Google Meta Microsoft Nvidia and Tesla let me zoom back in so here is the signal initially hero moving lower then the hero signal shifts sharply higher right around 945 traders start taking positive delta positions and price moves higher and note as they took their foot off the gas price consolidates all right let's go take a look at NASDAQ in cue futures zoom in all right so right around 945 that's when options traders started taking positive delta positions in the mag seven stocks looking at order flow here you can see the aggressive sellers on the way down the magenta volume dots aggressive buyers start to come in cumulative volume deltas starts to rise as price moves higher buy stop orders fuel the move higher up to and above the 445 level and then price has been consolidating and aggressive buyers all the way up one leg higher two legs higher three legs higher as traders were taking positive delta positions in the mag seven stocks all right let's go back back to hero it looks like NASDAQ maybe now met trying to make it up to the 446 volatility trader and let's go back to hero let's I'm gonna change this out to puts and calls see if we can get some insight I'm gonna have to jump jump back all right the reason I'm doing that there's an issue with auto zoom that occurs when you shift from total to put slash call and back and I checked with spot gamma yesterday they have not been able to resolve this so it is still an issue there are a couple of workarounds just like I did you can jump back and forth so again this is still still an issue has not been resolved all right so we can see in the this warning trader started buying calls that's shown by the rising orange line and then they're also selling puts shown by the rising blue line so that the direction of lines is in terms of delta options delta right so again rising orange line traders of buying calls when traders buy calls market makers sell the calls they have to buy stock to edge their delta exposure and the same when they sell puts right so again around 1020 they took the foot off the gas and price has been consolidating then around 1215 looks like they may be starting to buy a few calls again and sell puts NASDAQ grind it gradually moving higher all right let's take a look at some single stocks is anyone have any questions I'll be glad to answer all right the first stock I want to take a look at is Amazon this is what's so nice about single stocks there's a lot of clarity from hero typically so from the open traders are buying calls in Amazon don't 180 is the call wall so traders are buying calls market makers sell the calls they have to buy stock to edge their delta exposure and as Amazon broke above the 180 call wall the call buyers took their foot off the gas they've also been selling puts today so both the blue line and orange line moving up notional value positive for both so they're buying calls and selling puts today in Amazon let's go take a look at book man so there's that very bullish move higher in Amazon in the morning aggressive buyers on the way up remember 180 is the when they use the call wall some aggressive sellers starting to come in shown by the magenta volume dots options traders take the foot off the gas and Amazon moves lower or consolidates right around the 180 level all right so it looks like Amazon made it almost to the 181 level and that's absorption at that level though the shading this is the heat map and book map is showing history the limit orders this is very typical for a stock traders will place these orders right at the cash open and they'll keep the orders in place until they're filled so it looks like the level the limit sell orders at 180 above price limit sell orders were filled and price moved higher they were consumed and then absorbed at the 180 level 181 level all right that's Amazon note also the rising cumulative volume delta here in Amazon all right one thing I want to mention about I normally trade mostly large cap tech stocks you can see them right here that's the mag seven stocks plus AMD there was quite a bit of negative or what you would assume was bearish news this morning first of all for AMD there was news that China was phasing out Intel and AMD processors I guess in favor of homegrown processors also Tesla was got another downgrade today and then more investigation government this from the EU investigation probe into Apple meta and Google so the assumption that is that all that news was bearish and not so much let's take a look at AMD AMD very very bullish price action just the opposite of what you would expect with that news about China so it was down pretty substantially I think around six percent before the cash open and that the dip buyers definitely came in taking advantage of that move lower to buy AMD you can see all the green volume dots here aggressive buyers few pullback entries let's see what options traders are doing all right so kind of a mixed picture here so again remember the orange line is calls so when I saw this I was thinking short so I actually took a short it really didn't go my way obviously so I was able to wiggle out for a very small gain on that so it just goes to show you you need to pay attention to order flow hedging flow price action trends rather than the news so I learned my lesson this morning I was able to wiggle out wiggle out for small gain right so that's AMD let's take a look at the total signal here to see if we get any more clarity so that's a little bit more clear I'm gonna have to jump jump back so after that initial move lower the hero signal started moving up again another move lower but still higher low hero moved up and then right around 1130 options traders have taken their foot off the gas and prices consolidating and note that 180 is the key gamma strike back to bookman let's move on to Nvidia let's go back to hero I'm gonna shift to puts and calls go to Nvidia let's zoom in so this was really I thought the best trade of the day Nvidia is heavily heavily driven by options trades and especially call buyers let me just let me see if I can find something well actually we can go look at well let me see if I can find the chart give me just a moment so I was looking for a hero chart from from Friday as I recall the value for calls was quite high we can actually check it here so let's go back let's take a look at go look at Friday so this is the the hero signal from last Friday very very bullish not sure what that was all right so this is at the close essentially notional value for calls this is on Friday again this is very bullish three billion over three billion Delta notional value for calls for one single stock that number would be large for the SB 1500 also they were selling puts so again this is very bullish on Friday so keeping that in mind for today and also let's look at this is all expiry so compare the calls the green line is showing options try options trades calls that expired on Friday versus all expiration show them with the orange line so that's all expirations that is options that expired on Friday so a large portion of this trading on Friday was longer term calls so traders were longer term bullish on Friday all right so let's go back to today we'll go to today all right so earlier today traders were buying calls again took their fought off foot off the gas about 1020 so they were buying calls and selling puts took the fit up foot off the gas after that move higher and now Nvidia has been consolidating starting to move higher again as traders are starting to sell puts and buying calls again so the call sellers took their foot off the gas Nvidia starts to move higher as they're selling puts and starting to buy calls again let's go back to book map all right so there's that move higher break out above VWAP after a test of the 935 level quick move up to 965 30 point move higher price consolidates is traders options traders take the foot off the gas now moving higher again and note during the day there been a lot of aggressive buyers all day Kim rising cumulative volume Delta also you can just see all the green volume dots coming in pull back there just below 950 aggressive buyers coming in not many magenta volume dots to see after this reversal hire looks like Nvidia is heading back up to the liquidity at 965 to 970 again these dark shaded areas that's the history of the limit orders in the order book they're showing limit sell orders above price and those orders tend to act as a big magnet for price right so very good trade here in Nvidia and let's take a look at Tesla all right so this is how Tesla reacted to another downgrade quick move up from 169 to 174 actually maybe even higher let's see for some reason book map no at all all the way to 175 so six point move higher right from the cash open you can see all the green volume dots aggressive buyers sharply rising cumulative volume Delta let's see what options traders are doing let's go to Tesla zoom in on this a bit all right so from the open traders were buying calls Tesla broke out above the 172 50 call wall then right around 940 options traders started selling calls they were still selling puts then right around 10.05 they started buying puts while they were selling calls so it looks like to me that the call buyers and sellers really have been driving price in Tesla today right so quick move higher reversal lower and then now Tesla's grinding higher note here oh from about 1045 blue line orange line moving in the same direction that's a powerful directional indicator so now Tesla trying to recover the 172 50 call wall it looks like it might be right above that that's this line right here it may be difficult to see that line right there that's the 172 50 call wall let's go take a look at book map so here it's not shown not shown on this chart there's the 172 50 call wall so some consolidation around that level and now Tesla trying to move higher all right does anyone have any stocks they one may take a look at Suzette says very instructive thank you Doug you're welcome and thank you very much for your kind words and you're welcome Michael as well right does anyone have any questions any stocks you want me to take a look at I'll be glad to do that all right so the SB 500 trying to move higher Nasdaq slowly made it up to the 446 level now above the QQQ volatility trigger all right Michael let's go back to ES so ES here it is right around 115 another test of the 5224 level aggressive buyer start to come in shown by the green volume dots cumulative volume Delta starts to rise in a surprise moves higher my stop orders start to feel the move higher shown by the rising yellow line in the sub chart as well as the on chart indicator we can go back to the SB 500 here a signal see what options traders doing let me zoom in on this just a little bit so we can see this more clearly many many tests of the 5224 level before the SB 500 starts to move higher moving up about five points in an hour not really something that I like to trade all right let's check SB 500 hero signal I'm gonna go back to the total so finally the hero signal let me jump jump back you can get more clarity by just zooming in I'm just scrolling my mouse wheel so just right around 1350 traders start taking positive Delta positions and now the SB 500 starts to move higher it looks like this was the that's the final test of the 5224 level and options traders start taking positive Delta positions after that final test and now the SB 500 moving higher I'm going to close full screen see if there are any alerts that's the most recent alert so these alerts signal significant options activity this is for Nvidia and I use these alerts to get my attention that something is going on and they often are provide very good signals so this flow alert comes in after in the morning after price to starts to move higher aggressively traders taking again buying calls selling puts and the signal comes in again the hero signal let's see when this was right around 140 just before the hero signal really starts to jump higher assuming on this just a bit right so in Nvidia options traders started taking positive Delta positions just after 110 115 price started to move higher let's go back to Nvidia all right there's that there's a pullback entry this trader started taking positive Delta positions pullback to 950 now Nvidia trading up above 960 again heading up toward that looks like maybe heading up toward that liquidity between 965 and 970 looks like that liquidity is in at every round number again from 960 to 970 with the exception of just a little bit at 969 let's go back to hero the other thing we can do is rank hero signal take a look at the strongest hero signals there's Tesla big jump higher in Tesla zoom in on this looks like some large block orders coming in to Tesla what's wrong tool we can figure out what they are so put sellers jump here's the NASDAQ signal the NASDAQ they are buying calls and buying puts back to Tesla so large put seller right at 2 o'clock let's go take a look at Tesla in the book map all right J Lo asked a spot gamma have zero DTE gamma levels yes well a hero shows a hero shows zero DTE options trades I'm not sure if that's what you mean but the the levels are based on open interest data that's updated once a day so that may be changing today but the levels won't be available until tomorrow but the options trades are available for zero DTE alright so let's take a look I'm gonna go back to total go to the SB 500 all right for the stocks stocks have single stocks have options most have stock options that expire once a week the weeklies so what spot gamma hero is showing is all trades so that's all expirations and then next expiry so for stock like Nvidia or Tesla that would be options that expire this Friday and for the SB 500 that would be options that expire today and so the all trades that shown with the purple hero signal and the green line or the teal line is showing options that expire today these numbers are almost identical so what this is indicating is that almost a hundred percent of the options trades that are taking place today are in options that expire at the end of the day alright so J. Lo I'm not sure what you what you mean but this is showing an hero it does have again options trades that expire today showing of the green or the teal line and the purple signal is showing all expirations alright so J. Lo I hope that answers your question all right so this is I don't really base any trades on this but this is interesting interesting information indicating again the almost a hundred percent of the options trades today so far are zero DTE trades I mean these numbers are almost identical the green or the teal 2.53 billion and the purple was 2.52 billion and we can take a look at we can take a look at a stock like Nvidia so what this is showing is all expirations again with the purple and then options that expire today Friday so for add a single stock again these are options next expiry would be next Friday so again for Nvidia here a lot of the options trades for today are options that expire Friday that was opposed to last Friday where trader traders were taking longer-term options positions alright last call for stocks stirring this off so J. Lo thanks for your question thanks for bringing that's always interesting to take a look at let's go take a look at Nvidia and bookmap see how stock prices reacting to this move lower in hero back to Nvidia notice how all of the aggressive buyers a buying seems to have dried up big green volume dots getting smaller some exhaustion then some aggressive sellers start to come in as traders options traders have now shift to shifted to negative delta positions this could just be a pullback on the way up to 965 to 970 or could be a little bit something more let's go take a look at hero looking mag 7 also shifting lower could just be a pullback SB 500 really continues to grind higher see what AMD is doing hero signal pretty flat now rolling over a little bit let's go back to Nvidia alright J. Lo says basically gamma levels activity so let's let's separate gamma levels from the hero signal so remember the gamma levels when I'm talking about the gamma levels but that's based on static data that's updated once a day that's based on open interest data so all the levels on the chart that I was looking at for the on the SB 500 and NASDAQ chart are based on gamma weighted open interest that comes from last Friday so that's what I use in my pre-market planning the positional analysis so that's my planning process then I shift over to looking at real-time data so the hero signal again this is real-time now showing what options traders are doing today and the based on what the options traders are doing today those levels may shift higher or lower so this and then this whatever options traders are doing today will have an impact on the levels tomorrow and as we saw there was quite a bit of activity in zero DTE options that may not may not have much of an impact on the the gamma levels J. Fennoyt says sorry I'm late alright so I'm actually gonna end right now GF also also says Chinese restrictions on chips seem to keep prices low I don't know I talked about AMD before didn't seem to have much of an impact on AMD here the with China the news that China was phasing out AMD and Intel chips alright so maybe it did on Intel but AMD is really an AI play alright so J. F. this will be recorded the recording should be available immediately after I wrap it up today alright everyone I am going to wrap it up my time is up I want to thank you very much for watching thank you for your questions and comments again remember J. F. the recording will be available immediately after I wrap this up so thanks everyone have a great afternoon and remember tomorrow durable goods orders at 830 Consumer Confidence 10 and we'll talk about it tomorrow afternoon alright thanks everyone see you tomorrow bye