 Good morning, folks. This is a quick recap on risk management. I had a lot of questions last night about BA, even intraday, as we picked up BA in the morning for a long 230 calls for next week. However, it came back down intraday after we exited partial after that long push. So I just want to get back to the basics of playing options. You know, options are a derivative of a ticker. And we are playing an option that is attached to, in this particular case, BA. Therefore, both of them will not behave in the exact same way. One has a higher risk but a much higher profit potential. If you're only playing the equity, the common stock on BA, the risk is lower. However, the profit potential is much lower as well. So look at this chart. We alerted BA in the morning as it crossed this line. This line was the higher of the pre-market and we entered long at 350 for the 230 calls. Why? Because the electric fix was approved by the FAA. FAA had approved the electric fix. We have travel ease going on. And we have other news such as additional orders. And we had found a very low bottom on SPI. Sorry, Boeing is a SPI component and a DAV component as well. So basically looking at this entry was moving up towards this area of resistance. This is where we took partial exit. Now, the entry was 350 and we exited at 8485. Partially, 39%. Which is not bad, right? But the idea was to have a partial exit to ease the possibility of risk. So lower your risk and look at what happened. It came down to a support line, tested it here and tested it here again and then it dropped below. Our entry point was here and look at what happened. It went to support, tested our entry point twice. So if you had been on weeklies, this point would have been the rejection on twice. Could have been the exit for your runners saying, well, it's not going on. It's not going to happen now. So let's take them off. Basically, you would have been breakeven on the runners here and that would have been safe. However, the reason for going in long on this one was not only about FAA, about the travel restrictions getting lifted in additional orders. No, there was something else going on. Something else. Someone previous day right here bought 795,000 contracts on next week's expiration. So that's above $2.6 million for next week's expiration, betting that it will close above 233.5 for him to be, him or her, sorry about that person, to be breakeven. So basically either that person sold at that point for $2.6 million as an hedge or something, but I believe that this person probably bought the idea. And I'll show you why. This was done at 235, right? This was done at 235 in the afternoon on the previous day. And look at the previous day where this was is exactly here, 235 here on that double bottom. So basically bottom, bottom, would you be bearish here saying, I'm going to sell? You would have sold here. No. So basically this person is probably bullish, knows something. And you see that over this period we had news about the FAA going to lift the electrical problems. And now we have this morning travel restrictions going to be lifted even more. So we have someone betting $2.6 million on next week's expiration needs to close at 233.5 or higher if I'm to be green on the play. So basically if you look at this line where that person played was support, support, came down to test and then support again. So basically your runners, when are you going to sell? Well, we have support that is pre-market. Look at this line here. This is higher than this, not by much, but it shows you there's support there. So basically we bounced here. Market was getting a little pullback after this long push in the morning, but we found a bottom. So basically this becomes your bottom for your runners. And then we start running again. This is next week's expiration. We have time on our hands because there's, you know, today and next week before we go back to 230 plus. So like I said, if we had been running on weeklies taking today's expiration, this would have been different. But just as a risk management, you have to look at why you're entering. We were entering on news and on huge volume for next week, someone bidding $2.6 million on next week's contract, next week's contract, that should be taking into consideration. So remember, things to remember here. Look at the entry point, the support. If you want to leave on support, that's fine, but final support is the same final support that you would have played if you had been playing Commons. Obviously, if you look at your PNL, your deep red here, however, exiting partial makes you a lot less red than if you were holding the whole thing. And eventually it moves up towards the overall plan. I hope this helps and I wish you a great Friday.