Hello everyone welcome to options with Doug Streaming Monday Wednesday and Friday At 1 30 p.m. Eastern time. I note the change in my schedule beginning on Monday this week My schedule has changed. I'm streaming three days a week Monday Wednesday Friday same time So same time same content Just no streams on Tuesday and Thursday Before I get started. I need to go through the disclosures General disclosure all book map leaven and 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 and it's 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 main name on discord is Doug P Also in book map discord. There's an options dash 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 I'm also on X for me 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 I believe that options trades and market maker hedging activity are key drivers Drivers of price and many stocks and futures and certainly the large-cap tech stocks that I follow the magnificent seven stocks As well as the equity futures the SP 500 and the NASDAQ 100 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 and when traders buy and 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 so all they're doing is making markets and managing managing the risk That's a directional risk their delta risk with the ES futures and for the NASDAQ 100 Ndx is the underlying index QQQ is the ETF version of that index and NQ the futures are a derivative derivative of Ndx and again when traders and buying sell puts and calls in Ndx and QQQ Market makers take the opposite side of those trades and they hedge their delta exposure within Q 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 Have a two-step process for trading and the first is planning and I look I use positional analysis I look at how traders and market makers are positioned at 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 Excuse me 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 and Setups in that asset can be taken any number of ways 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-jug chat channel 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 All right. Hello Stephen. Welcome. Glad you're here Billy Jay asked could I personally possibly turn my volume up and Edmund Lee. Hello. Welcome. Glad you're here Let me see. I have adjusted my volume Recently boosted it. I can try again. I Don't know if it will go on to effect on This session. I can try All right, Billy Jay. Is that any better and there's anyone else having it in issue with volume. All right, let's move on Here's my agenda for today. Stephen says it's fine compulsive guy Sounds good to me Sorry Billy Jay, I boosted my I did boost the gain some more Boosted it to DB. All right, let's move on my agenda for today Wednesday, April 3rd First of all, I want to cover news items economic data and events for today as well as the rest of the week Then I'll go through my positional analysis for today Then I'll review some setups from earlier today And then I'll take a look at the live market and 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 All right, so let's start with the data for today Well, we'll take a look at that in just a minute. So ISM services PMI data came out today That was Lower than expected lower than the previous number, but still greater than 50 indicating expansion There was a very bullish reaction to that data and then also Jerome Powell was speaking at 1210 today Believe that was at a Stanford event So we'll take a look at the reactions To the data as well as Jerome Powell In just a moment then also on Friday the Jobs report comes out at 8 30 a.m. Eastern Time that is the monthly jobs report that comes out on the First Friday of the month That tip that could be a market mover Hello, Katina. Welcome glad you're here. All right, let's move on First of all, we'll take a look the reaction to the data then we'll go to the positional analysis So this is the ES futures and book map SB 500 futures in just a moment came out at 10 a.m. Very bullish reaction to that data We'll talk more about that in a few minutes and then Jerome Powell was speaking my understanding was he was speaking at 10 a.m. It looks like something happened Just after 12 30 there He could have said something out and I'm not sure how long the speech was going on But anyway, the ES training just below the highs of the day and that is right Right below the spy 521 level more about that in just a minute All right, so that is the reaction to the data Now let's move on to positional analysis So again, this is the ES futures and book map before I take a closer look at this chart I want to take a quick look at a larger time frame I'm going to go to the underlying index and That is the SPX again and The current rally began last year October 30th so far SPX is rallied up just over 1150 points All right, so let's take a look at that the top of the rally now So that's a one-day chart and think or swim Now let's move to a one-hour chart Here's the top of that trend line and so far the high for SPX right around 52 65 All right, let's take a look at the levels on this chart First of all the dash purple lines are showing the lower and upper weekly expected move That's based on the options market and based on the closing price normally of the previous Friday in the case of This past week Friday was a holiday, so that's based on the closing price on Thursday for SPX and Note that SPX will take a closer look at them in just a minute Yesterday did trade down below that level and is trading back above that level today All right, the dash blue lines are showing the lower and upper daily expected move Also based on the options market That is based on the closing price of the previous day in this case that would be based on the closing price Yesterday on Monday Tuesday, I'm sorry, and I do post both of those numbers every day in Discord and the evening before All right, so I posted the Wednesday numbers the numbers for today yesterday evening about 730 All right, the other lines on this chart are spot gamma levels These are provided to spot gamma subscribers They're available on a wide variety of trading platforms. This is thinkorswim again a one-hour chart Let me point out the key daily levels first of all 5000 That is the absolute gamma strike. That's a strike with or just absolute positive and negative gamma Then the next level up is The put wall at 51 85 kind of a strange level So that's the strike with large net negative gamma that can be expected to act as support Excuse me, and that level did move up from yesterday Yesterday it was at 4800 and it moved up to 51 85 today and just above that is the volatility trigger That's at 5205 the VT That is spot gamut proprietary Volatility flip level below that level market makers position on the gamma curve is negative in a negative gamut environment market makers have to trade With price to edge their delta exposure and that tends to subdue enhance or increase volatility Above that level market makers position on the gamut curve is positive in a positive gamut mermit Market makers have to trade against price to edge to their delta exposure that tends to subdue or decrease volatility And then finally the call wall is at 5300. That's a strike with a large net positive gamma That can be expected to act as resistance So the potential ceiling for price is at 5300 and note during this year 2024 The SPX call wall has moved up from around 4800 at the beginning of the year it was as high as 5400 now back to 5300 and if Put wall did shift higher from yesterday Pretty substantially and the volatility trigger did shift lower slightly lower from 5245 yesterday Tony can't Tony Kay welcome Ask is the put wall and volatility trigger always identical? No, they're not and hardly ever identical So the again the put wall is at 50 put wall at 51 85 yesterday. It was at 4800 and the volatility trigger is at 5205 So there is some difference in the put wall and volatility trigger But that there's hardly they're hardly ever at the same level All right So those are the key daily levels again volatility craters shifted slightly lower put wall shifted higher All right, let's wrap up our view of SPX with a One-minute chart Let me zoom out just a bit. So I'm showing let's show two days worth of data here just to show that SPX did trade down below the Lower weekly expected move yesterday this dark shaded portion regular trading hours from yesterday and then finally SPX started to move higher Just afternoon finding support at the lower weekly expected move All right, so today SPX trading above that level also up above the volatility trigger now that level was resistance earlier today and then SPX black blasted above that level after the 10 a.m. Data'd release and Has traded up toward the upper daily expected move All right, let's move it on to book map now So in book map. I have my own cloud notes So I can show SPX levels So there's the 5205 volatility trigger and I'm also showing spy levels on this chart Here's the 521. That's just a round number. That's not a spot gamma level Acting as resistance earlier today Here's the spy 520 absolute gamma strike And note this volatility trigger also acted as resistance earlier today before the SMB 500 launched above that level Here's the 5200 level. This is Has been spot gammas lying in the sand for risk on versus risk off below that level so as the SB 500 was below that level earlier today and Now trading above as well as the the volatility trigger And Tony K. You're welcome. All right, so again, I have my own cloud notes so I can show spy levels SPX levels and other key levels for ES and note. There is a difference between the price of ES and SPX and today that was Last time I checked 52 it's still around 52 today, so I'm showing SPX 5200 at ES 5252 and I do post the index relationships That I'm Using every day that is the ES minus SPX and the spy to ES to spy ratio as Well as the same ratios for the NASDAQ All right, Katina. Welcome. Hello. Ask. What is the significant significance of the NQ to QQQ ratio? All right, so let's take a look at NQ All right, so the way I'm using that ratio is I want to show the QQQ levels on this chart Also have my own cloud notes so I can show the QQQ levels at the correct NQ level on my chart So I have a spreadsheet and I'm using an add-on call price lines So let me show that and that's what Displays the labels and draw those draws the lines on the chart. So once I come up with that that ratio Which today I'm using 41.556 and for the NASDAQ I'm just rounding this off to the nearest round number. So I'm Using that 41.556 to show the QQQ level at the correct NQ level so that's how I'm using it and then the NDX levels I have to show those manually just like the SPX levels. All right the Also, Katina asks how do I obtain the SPX and spy levels? All right, so let's take a look at that Let me go to this watch list This is very easy and thinkorswim. I just have this slash ES minus SPX. That's just a little over 52 today So that's where I get that number same for NQ minus NDX and Then the the ratios I have a little script and thinkorswim. I'll show QQQ here It's the same for SPX and I have posted the code for these scripts in In the discord options-doug chat channel look for the pin in the upper right corner All right, let's move on. So again, here's the NASDAQ futures and book map And I do want to take a look quick look at the underlying index charts. Let's start with QQQ Note that 440 is the volatility trigger and Also the absolute gamma strike So that level just like the SPX volatility trigger acted as resistance until QQQ blasted above that level After the 10 a.m. Data release and you're welcome Katanga. All right, so QQQ made it up to 444 just a round number level. That's the exact high 444 the level that add did actors resistance and note now The NASDAQ QQQ is trading around the 440 30 gamma level. This is your gamma level. It has been acting as support All right, so big move in the in the morning Lasted about 30 minutes and then consolidation around the 440 30 gamma level Let's take a quick look at NDX and then we'll get back to NQ futures Zoom in just to look at a couple of days worth of data. Here's the 18,000 level acted as support yesterday and now Ndx trading up above that level that 200 level acting as support and That is a large gamma 3 level. All right, so here's the that 18,200 level that I was just talking about Ndx again showing those of my own cloud notes and the QQQ 443 zero gamma level Just above that and that is just above the NQ 18,400 level that cluster of levels so by looking at QQQ and Ndx and NQ levels all in the same chart I can see where they line up so I can see here from this chart that this cluster of levels Has acted as support All right, let me check for questions All right, Billy J. I'm sorry you're having an audio problem you might I think it's possible that there's I guess a greater likelihood of an Audio issue on YouTube rather than does discord you're welcome to join bookmap discord and I do stream in bookmap discord and YouTube at the same time So again, if you're if you can't resolve your issues One way is just to join us in bookmap discord. Just join bookmap discord and All right, Billy J. You're making it work right now All right, so JF Benoit asked they've acted as support, but what would you expect next? So I'm still on my positional analysis so I'm looking at the levels how they've shifted and also held the how the index ES and NQ are react reacting at those levels. So I will move on to Set up review and then we'll take a look at the live market So this is still my positional analysis All right, so let's wrap that positional analysis up by looking at First of all gamma notional. We'll take a quick look see how market makers were positioned on the gamma curve at the beginning of the day So this is gamma notional for the SB 500 and NASDAQ note with the exception of NDX. These numbers are negative very mildly negative for SPX And this is really pretty mildly negative for spy as well negative for QQQ All right, so this indicates On this position of the gamma curve market makers are Traders are long puts market makers are short puts. Hence the negative gamma They have to trade in the direction of price to hedge to their delta exposure So let's take a look at the Vanna model and see what that might mean All right, so this is the SPX Vanna model What this chart is showing is market makers delta notional whoops wrong tool Market makers delta notional on the vertical axis Spot price for SPX on the horizontal axis There are two curves on this chart the light gray curve is showing how market makers delta notional may change with changes in price Only and the purple curve. That's what we want to take a look at that shows how market makers Delta notional may change with changes in price and applied volatility and that's the curve that we want to take a look at So let's go back to our SPX chart. We'll check the Low of the day That's right around 51 94 So let's find that on the chart and now High of the day right around 52 28 So let's first of all go to All right, so we're somewhere around here 51 91 95 So what this showing is price is increasing Let's take a quick look at a VIX chart so we know price has been increasing. Let's take a look at VIX and Today VIX has been falling so volatility dropping price increasing price increasing Volatility dropping market makers can buy back short futures. That is a put Vanna rally So this chart This line is showing how market makers delta notional may change with changes in price and applied volatility That change in Delta with the change implied volatility is the van effect Something good to take a look at every day and that When the best way to use this one of the ways to use this is to look at Something like this. So, you know, there's put potential Put Vanna fuel in the tank for a rally like that if the data comes in better than expected and that's on the NASDAQ Same thing on the SB 500 Put Vanna fuel in the tank for a rally like that sharp move higher Market makers can are buying back short futures as The SMB 500 moves sharply higher that helps to fuel the rally So a bit of a put Vanna rally as price increased and implied volatility drop All right, let's take a look at some setups. So we're here on SB X SB 500 let's start with that So now I want to take a look at what options traders have been doing today So everything that we've looked at so far is Based on static data other than book map based on static data Spot gamma takes open interest data that's updated once once a day overnight they apply their algorithms to come up the levels that I show on my chart and I'm watching how those levels shift from day to day to develop a thesis Again, regarding the expected trading range Volatility for the day as well as the directional bias Alright, so I forgot to mention for NASDAQ The volatility for QQQ the put wall and volatility trigger both move lower So slightly bearish for NASDAQ, but that is before the 10 a.m. Data release All right, so now let's move on to execution look at real-time data So this is the hero chart head H. I. R. O. That is hedging impact real-time options This is available to spot gamma subscribers Excuse me. What this chart is showing is options trades and Market-maker hedging activity for a combined signal of SPX by XSP and ES futures all under one combined signal All right, Tony K. It asks Vicks falling price up When his founders notes show negative Slight negative this morning. So again, that is just that's based on Static data that's updated once a day. So that's in the Just so every everyone understands that's at the morning. That's at the the open That's the position at the beginning of the day. All right, so now we're looking at real-time data. This is Again options trades and market-maker hedging activity for a combined signal of the SPX by XSP and ES futures The white line is showing price for SPX Purple line is the hero signal Again hedging impact real-time options and a rising hero signal Indicates traders are taking positive delta positions. They're buying calls and or selling puts Market-makers take the opposite side of those trades and they have to buy futures to hedge their delta exposure All right, let's zoom in on this chart now all right, so you can see the Hero signal up to 10 a.m. Was pretty flat Moving slightly lower and then at 10 a.m There was a hero floor alert Sharp move higher and hero that continued to hire Some consolidation then moved higher again All right, one thing I want to do is separate outputs and calls to get a little bit more clarity a little bit more nuance In what we're looking at so I'm going to take a look at puts and calls separately all right, so I'm not there's a An issue with hero it does an auto zoom when you shift from puts to calls and back All right, so now I'm showing calls that's with the orange line a rising orange line indicates traders are buying calls When traders buy calls market-makers sell the calls they have to buy futures to hedge their delta exposure so that sharp rise higher in the purple the total signal hero signal was Mostly call buyers Note that jumped higher again the flow alert There were a few put sellers and since then the put line is Mostly flat. Let's take a look at the total notional value. This is so far today Traders buying calls notional value 7.3 billion that is huge that's dollar notional value 7.3 billion and They're also buying puts much smaller call buyers definitely in charge today That is negative 1.82 billion so the falling blue line indicates traders are buying puts and The rising orange line indicates traders are buying calls and again the call buyers much more aggressive today driving price the SB 500 Alright, so let's take a look and I'm going to zoom in just a little bit So we know that 10 a.m. Traders start aggressively buying calls until then ES was trading in a very narrow range finding resistance at the 5205 volatility trigger and Then Right at 10 a.m. Trader started buying calls. There was a put Vanna fuel in the tank for a rally Subchart is showing cumulative volume Delta rising that shown by the magenta to dark blue line Also, it's price started to move higher by stop orders help to fuel the move higher that shown by the rising yellow line Also the on-chart indicator showing By-stop orders fueling that move higher the volume dots are Showing market buy minus sell Me boost up the volume dots just a little bit magenta volume dots Magenta volume dots are showing More aggressive sellers. So again, these are market buy minus sell Magenta dots indicate more sellers than buyers green volume dots indicate more buyers than sellers and note this straight line of Green volume dots All the way up until around the 520 spy 520 absolute gamut strike before some sellers start to come in Pull back then aggressive buyers come in And price moves on up to 521 also the high liquidity at that level that's the heat map and book map showing a history of the limit orders in in the order book and Above price those are limit sell orders game now ask what I have a note what I have ignored the first flow alert I assume you're talking about the SMB 500 combined signal and Yes, especially knowing that there's high impact data coming out at 10 a.m. Now I That's not the case for stocks and I'll show you why in just a minute All right, so that's the SP 500 Let's go back to hero now All right, so remember. I'm now showing puts and calls separately. I'm just going to leave hero like this So game now I assume you're asking about this flow alert Yeah, you know again knowing that data is coming out at 10 a.m. There were better opportunities In stocks that will go over in just a minute All right, so this flow alert I would not have ignored So here you see a flow alert you see a sharply rising orange line call line and You're looking for a long entry and that's a fast move All right, let's move on to NASDAQ From NASDAQ. I'm going to take a look at this mag 7 signal Let me zoom out just a minute show you what this is. So this is another combined signal Showing options trades and market maker hedging activity for a combined signal of apple amazon google meta microsoft nvidia and tesla These stocks are make up a large component of the NASDAQ 100 and are key drivers of price For both the NASDAQ 100 and the sp 500 All right, so let's zoom back in on this chart zoom in on the morning So notice in the morning starting Right around 945 Traders start selling puts And that is before the 10 a.m. Data Release So they're selling puts in the mag 7 stocks and then with a data release And this line starts to tick up just about a minute before the data release Traders are at this point. They are selling puts and buying calls Blue line orange line moving in the same direction. That's a very powerful directional indicator So let's take a look at the NASDAQ now Go back to book map in q futures zoom in same consolidation before 10 a.m 440 absolute gamma strike volatility trigger as well as vwap Shown by the light blue line there acting as resistance Now one important difference between the NASDAQ and the sp 500 notice this rising light blue line That is iceberg waters And he didn't so just like the mag 7 traders Selling puts before they move higher large traders We're buying in q in q futures with iceberg waters. They used to hide their size So that's shown by the rising light blue line. Again, that's coming out before the data release also shown by the on-chart indicator 228 that's decent size for in q 567. That's Pretty good size now what book map is doing. It's consolidating those are that's 567 orders executed and at this level of consolidation it's showing 12 different executions Again aggressive buyers come in it looks like they were coming in a gax actually a little bit before 10 a.m Light blue line continues to rise large traders continue by with iceberg orders Kimma defiant delta shown by the magenta line rising And then also the yellow line rising showing that My stop orders fueling that move higher All right, so the clues were there in both Book map and in hero All right jf bonoite. Obviously when price rise you see more aggressive buyers and sellers That is the case typically with the nasdaq and es Not necessarily so with stocks All right What we what we want is to figure out when live is what Should a level for entry and to stop live? All right yellow line again is the buy stop orders rising yellow line buy stop orders All right, so we'll talk about the live market in just a minute. All right, so let's move on to some stocks Let's move on to some stocks now So the first stock that I want to show is meta Let's take a look at meta and I did post this in In discord I posted it right right around 10 a.m. But really the setup was Was earlier so let's go take a look at hero go back to hero I'm going to go to meta. Here we go Let's zoom in on this All right, so this is exactly what I'm looking for Let me Close this I'm going to go to alerts Go to my watch list metas on my watch list All right, so what I'm doing I'm watching this at the cash open Watching for these alerts Again at the cash open. That's when a lot of the alerts come in I know that meta has been very strong recently. It was up pre market All right, it looks like I missed a question All right, compulsive guy on the hero signal purple line is above price How significant of a difference is usually required to move price up to the purple line So I don't look at the the purple line being above or below price They're really working on a different scale The scale for the hero signal is on the right And the signal for the That's the signal that the scale For the hero signal. This is the scale for price So there are you know again two different vertical scales Now I do look at the slope And if they flattened out All right, so this let's get back to meta Meta this flow alert Came in 40 seconds After the cash open So I'm you know less than a minute after the cash flow alert came in All right, so let's zoom in on this chart again So I'm watching for alerts. I see the alert for meta I take a closer look at this chart See the flow alert Rising orange line again. I know already that meta is strong Before the cash open And it was strong yesterday Flow alert gets my attention. I look at meta again rising orange line. I'm looking for a pullback So in this case you can use book map or if you like to look at Set ups on a candlestick chart one technique is to look at a nine period EMA And I on my candlestick charts on my trading platforms. I do have a nine period EMA. So I'm looking for basically A dip and then a move higher J trader talks about that a cup And then here's the Here's the pullback entry this arrow right here So looking at the orange line Sharp move higher flow alert looking for an entry Little bit of a pullback and then meta moves higher and that is just uh before 9 35 So let's go look look at book map now Here's meta let's zoom in See what clues we can find here Let me zoom in just a little bit more So we get a real close look All right meta one thing you need to know about meta you always want to look for a deep pullback So I'm waiting for a pullback Here if you were and let me zoom in a little bit more All right a meta here's the first pullback Oops wrong tool First pullback to 500 So if you miss that Looking for this Looking for a trend back Trend break the orange line starts to move higher second entry here Primary target is at 505 liquidity at 505 Again, this is showing a history of the limit orders in the order book These limit orders act as a magnet for price All right, so jf. I hope that helps answer your question. There is no perfect entry Tony k asks which one nine a ma or e ma e ma Exponential moving average That's what I have on my candlestick chart on my trading platform All right, so I hope I answered Questions tony jf benoit All right, so and again I posted this in In discord I get a little bit late, but just showing also note that Kimlet to volume delta was uh was up right so let's Zoom back out All right, so that's how to play it. You know if you were fast Saw the alert saw the rising orange line Entry there or trend back trend break Another entry there Let's move on Next stock and video All right jf uh asked magnet for price because operators think they will get executions For longs for example. I know because buyers seek sellers and Sellers seek buyers So traders know that that liquidity is in the order book So if you want to sell meta, where would you rather sell? You know looking at this in the morning Yeah, you want to sell it Sell at 505 that was the highest liquidity in the order book Uh jf also says but it could be spoofing and vanishing when price gets there That's not typically not the case for stocks what is Very often almost always the case Is this liquidity comes in the order book at the cash open and stays there until it's filled That is very typical of stocks These limit orders come in the order book. They stay there all day until they're filled And they come in at the cash open Let's move on to Nvidia Let's go take a look at hero see what options traders are doing Let's go on to Nvidia zoom in a bit All right, so notice in Nvidia the rising Blue line and note the mag seven signal often is very very close in appearance to the um Nvidia signal So traders selling puts before the open Before the data release at 10 a.m. Then after the data release Traders start buying calls Orange line blue line moving in the same direction up to the 900 key gamma strike Note that That was resistance for Nvidia yesterday. I posted a A screenshot of Nvidia showing how when When traders took their foot off the gas at 9 and 85 arches traders Nvidia move lower All right, so let's go take a look at Nvidia now All right, so we know around 10 a.m. Traders are selling puts and buying calls 10 a.m Data release Here another entry point Uh, it could be VWAP price moves up above the 900 key gamma strike quick move higher Up for about 10 to 15 points oops Didn't mean to do that. Sorry Let's go back to hero zoom all the way out so notice again, just like yesterday as price made it up to And above the 900 level options traders took their foot off the gas So the put sellers took their foot off the gas And then right around 1145 the call buyers also took their foot off the gas Right around 1145 orange line boot line moving down and price moves down Then right around 1215 they started buying calls again Nvidia started to move higher in this case now the Traders are not doing much with puts so call buyers driving price action Let's take a look at tesla Actually for tesla I'm going to change to the total signal. I find that a little bit easier To take a look at for tesla recently. All right, so tesla same thing Traders start taking positive delta positions tesla moves higher Take the foot off the gas Right around 1115 And tesla price consolidates Let's go take a look at book map 10 a.m. It looks like aggressive buyers were coming in just a few minutes before 10 a.m Again magenta volume dots on the way down Sellers are exhausted aggressive buyers come in pull back to vwap There you go. There's your long entry jf Reading through questions. All right, so jf. It seems different for futures Yeah, I would say that there's more information for futures the price action What drives futures is a little bit different than what drives stock Stock so it the reading the price action for futures versus stocks is a little could be a little bit different All right, so here's tesla Again aggressive buyers start to come in pull back to vwap options traders finally take their foot off a gas And price consolidates around the 168 level Let's take a quick look at one other stock This is taiwan semiconductor And I just added this today so I don't have price lines for this Let's take a look and let me show you where this came from So i'm going to zoom back out note on this trending Portion I can pick My watch list pick stocks of their trending Or look at alerts So what I did I shifted over to these stocks that were trending taiwan semi was on that earlier today And just for those of you who may not know there was a very large I think it was a 7.4 magnitude earthquake in in taiwan So it looks like traders were maybe taken advantage of a a dip in taiwan semi conductor to buy Let's zoom in on this chart So if you were watching taiwan semi at the open flow alert comes in Maybe just a minute after the cash open 140 is the call while key gamma strike A little bit of consolidation there And then price moves higher and note this options traders were in taiwan semi semiconductor Before the 10 a.m data release with separate outputs and calls So they really didn't start buying calls until the after the 10 a.m. Really data release But they were selling puts Let's go back to the total signal. Sorry So initial move higher flow alert consolidation at the call wall And then they start aggressively taking positive delta positions again after the 10 a.m. data release Although a time taiwan semi was semi was moving up just like meta before the 10 a.m. data release So let's go to book map So there it is remember 140 call wall key gamma strike Some consolidation at that level Then price moves out moves higher after the 10 a.m. data release note with a call wall breach So the highest level of calls Absolute calls is at that 140 level So when price starts to move higher remember swat gamma assumes that traders are long calls mark them It goes to short calls those calls are going deeper in the money. They're deltas becoming increasing and market makers have to continue to buy Stock to hitch their delta exposure. So that delta is becoming a more negative For the for the market makers All right, anorag ask do I recommend having three monitors open with nvidia meta and tesla so that we can catch the moves quickly um I do have three monitors, but I don't watch Meta nvidia and tesla separately. So on one monitor. I have hero On my main screen my middle screen. I have book map and then on my right screen. I have My trading platform All right, so that's how I use my screens So that's you know, that's entirely up to you All right My time is up if anyone has any stocks they want me to take a look at please let me know And I'll I'll stay for a couple minutes Otherwise I'll wrap it up And I hope I answered your questions everyone If not you can post questions in discord after After I wrap it up and I'll be glad to answer All right, everyone. I want to thank you for watching. All right game now wants to take a look at netflix So I don't have netflix and book map anymore. We can take a look at netflix here In hero see what options traders are doing options traders taking positive delta positions And they take the foot off the gas As netflix approaches the 630 call wall looks like netflix did not quite make it up to that level This is a very typical pattern aggressive options traders in the morning Sometime mid-morning take the foot off the gas price consolidates a move moves lower And nc 40 g ask why only three times a week now? Spon gamma. I mean book map. I'm sorry spot book map wanted to make changes to the streaming schedule So I'm streaming for book map This is what they wanted if you Have any thoughts about that questions You can send me a direct message in discord. I'll be glad to answer any questions that you have All right, everyone. I want to thank you very much for watching. Thank you for all your questions and comments I love these interactive sessions. So again, thank you for watching. Thank you for questions and comments And I will see you on friday again remember jobs report on On friday morning. We'll talk about it on friday afternoon. All right. Thanks everyone Have a great afternoon and I will see you on friday. Bye


Dublin City University got off to a bright start this year after being designated as Ireland's first University of Sanctuary. The College was awarded the title by the City of Sanctuary, an organisation that welcomes asylum seekers and refugees into the country and also creates a welcoming environment for those seeking refuge. DCU has also offered 15 scholarships to refugees and asylum seekers. Each faculty in the university is offering one scholarship, with the remaining scholarships being offered by the online platform DCU Connected. DCU SU President Dylan Keough feels that the scholarship scheme is a huge boost to the status of the university. For me, it shows that DCU is saying that we're here for everyone and we support everyone and we accept everyone. I think it's a great move and symbolically it looks really good on behalf of the university and I think it sheds a really good light on the people here in DCU. Before the University of Sanctuary came along, we were actually working with the Red Cross and stuff in terms of the refugee crisis so we're doing a few things, Cody in particular has a couple of campaigns organised around welcoming refugees and setting up refugee packs so when they do arrive, we'll be there to welcome them in the airport with items like whether it's refreshments, toiletries, guides about Ireland and how to just settle in and how to become integrated in Irish culture and society is a very easy one to fit into and people seem to like it and get on with it so there shouldn't be an issue but it's just an opportunity for us to get out there face to face with them and just show them but that friendly DCU atmosphere that we know so well that it is there for others to be a part of. So there's some little things we'll be doing over the coming weeks and Cody's very excited to launch that and tell everyone more about that. The students selected for the scholarships will begin their studies in September 2017. DCU President Bray McRoss said that the title is not a destination but rather the marker on the beginning of a journey. Shirley Donlin DCU TV News.


Welcome back to theCUBE's coverage of KubeCon, CloudNativeCon 2021, we're in person. Physical event, I'm John Furrier, host of theCUBE with Dave Nicholson, my co-host, Annette Mulaney, who is our not-so-roving reporter, unemployed software engineer, unemployed comedian. Great to have you on theCUBE. Thank you for that list of credentials. You're doing great. I saw you were having some fun down there. We got this new show we're testing out called The Grill. Here it is, okay. What's the focus? What's the story behind everything? The focus of the show is trying to have some fun with tech. Tech has a lot of self-seriousness. There's a lot that's ripe to make fun of. We're also having fun. We're not trying to grill people in, we're not trying to roast them. We're having people come through, they're sharing funny stories. We're having a contest to find the best mansplenation of Kubernetes. Right now I got to say a woman is in the lead. Oh, she killed that contest. Like called me sweetie and everything. It just proves that it's not about the man you identify as, it's about the condescension in your heart when it comes to mansplaining. What is the best criteria that you, when you get a candidate for the mansplaining competition, what is the criteria? I mean, number one, we're looking for condescension. You get extra points for the phrase well actually. We want a supercilious attitude. If you are partially into explaining it and then you stop yourself because you think you've used too technical of a term and then step it down, all of those get you extra points in the mansplaining. I got to ask you, what's your biggest observation as you kind of look at this ecosystem? I mean, it's a big event, but COVID, post-COVID, in COVID, people are wearing masks, not wearing masks, I mean. People are wearing masks for the most part. You know, I did love this red light, yellow light, green light system they came up with. Green meaning please touch me. I've been inside for too long. Red meaning I still care about COVID. Yellow, you know, ask me, we'll figure it out. All right, what's the funniest thing you've heard so far? The funniest thing I have to say, I asked someone what their favorite tech joke is and he said, it worked on my computer. That was the main, okay. That really stirred up some memories. Oh man, we're in LA though. This is a great area. It's littered with the best comedians you can think of or work their way through the system. But with tech now and everything, is tech with gadgets and with like Kubernetes. I mean, it's, the material writes itself. I mean. Surely.  Oh, I'm definitely having a ton of fun. I wouldn't say the material writes itself. I would say hire me to write material, but it is quite a fertile field. Okay, what would you write for looking at the keynote today, looking at the vibe here? I'll say a lot of people didn't show it as they're remote, but usually it's packed house here, but what's your first comedic view of the fog lifts in this community? I have to say, the thing that really stuck out to me from the keynote addresses was that people have not yet adjusted to being in person. There were some very, very delayed applause breaks where people realized they were not muted watching on a screen and you would soon go over, that's right, we should interact. Like God bless those speakers. It's a, people have been inside for a long time.  I mean, co-host of Q. I don't find anything funny with technology and I'm curious, when you use the word supercilious, is that a comedic term? I hadn't heard that before. It's the Latin form of super silly. So yeah, which is my brand of comedy. So the mansplaining, I don't know if you need to like woman-splain some of this stuff to me, but. I'll English major-splain. Supercilious. It sounds super silly. So is it okay to have a ringer come in and make an attempt at the mansplaining? 100%. Okay. 100%. I'll come in wearing a different shirt. Look, I'm trying to make this a safe space for women at the conference. I'm the only woman you should be mansplaining to. That's a good tip. I'm a martyr falling on the sword of mansplaining for all the great technical women at this conference. Well actually, let me, I mean. You slipped that in so bad. Can you translate that for us, John? I don't know, I have to explain that in a little more detail. What I love about the vibe is that this technical people, they're snarky. If you get at their core, I mean, we were at the bar, everyone was like totally leaning into like comedy and more fun because it's almost like they're going to bust out, come out of the closet and be comedians. Oh, there is a broiling anger in the soul of every developer and every person who's worked on technology. And the question is going to be, can we get it on camera when they are not drunk? We're doing our best. They do like to drink these developers, don't they? Oh, they do, desperately. We saw a few partaking in the bar at the GD Marit. And a lot going on, you had the Warriors game going on. You have a lot of the Dodgers were playing the Giants. So pretty active bar scene for this crowd. Yeah, no, it was very fun. I personally was disappointed that the Warriors are not actually staying in our hotel. You know, if the software thing doesn't work out, NBA wife is a possible second career.  You could be right there too. All right, so the grill is an experiment. We're having some fun with it, but the purpose is to just chill a bit. What would you say the goal of the show is for you? I'd say the goal is to get people to come out of their shells a little bit, to have some fun, to poke fun at some of the tendencies that we see in tech that we often don't bring up.  I've lived it a bit. And my favorite is as I ask men to mansplain it to me, the panic in their eyes. That's my ultimate goal is just to make men afraid. And the panic is because they don't know if they're mansplaining all the time or actually purposely mansplaining is hard enough. But they do it naturally. I have three daughters and I can't wait for them to see this stuff. I cannot wait. It's going to be great. Am I cool with Gen Z? All right, well we have t-shirts, right? Let me see the t-shirts, give everyone a quick, if you come on, this is day one of KubeCon. So if you do come on the show with the grill. I'm the t-shirt fairy. The grill is like the cubes version of the view. If you get a grill. Wow, just because I'm a woman. The t-shirt is a big incentive. I'm sure a lot of people who go to tech conferences don't get any free t-shirts. Okay, I got grilled by Annette Malini on theCUBE at KubeCon. It's a light grilling. KubeCon, not KubeCon. It's a medium rare grilling. I couldn't resist the view joke. Slimming color. We'll keep our day jobs here in the comedian angle. I believe that's true, yes. You look at the wavelengths of light. Well Annette, I'm super stoked to have you try that. I think it's a great program. Greg Gottz and you guys doing a great job. Love the vibe, love the energy, love the creativity, having some fun. You see the poster one last time. And the idea is to have some fun, right? It's a tough time. We're all coming back from the pandemic. We're all coming back from the pandemic. And this is just a fun way to kind of let the air out and have some fun. So thanks for everyone. Thank you so much for doing that. Thank you. All right, Kube coverage here, KubeCon. Cloud NativeCon, I'm John Furrier, Dave Nicholson. Be back with more day one coverage of three days after the short break.


This is Think Tech Hawaii, Community Matters here. Welcome to another episode of Likeable Science here on Think Tech Hawaii. I'm your host Ethan Allen. Likeable Science, as you all know, is all about how science is a vital and interesting part of all of our lives. It's not something done by scientists, by scientists, for scientists. It's something done by each of us every day for our own benefit, for the benefit of others. We're going to talk today about an interesting area that people might not think of as science, but it has a lot of science in it. We're going to talk about bees. And with me today is Darren Olson, a beekeeper. Welcome, Darren. Aloha, thank you. Nice to see you. Darren comes by his beekeeping skills, honestly, and heredically, I guess. His family has been keeping bees for generations upon generations, large guys back in Norway. Yes. Excellent, excellent. But he has chosen a much more gentle climate to raise the bees in. So, we tend to think of bees, a lot of people tend to think of bees as bees, right? But there are actually lots of different kinds of bees, right? So can you maybe give us, without going into too much detail, because there are really a lot of kinds of bees, but some of the general big groups. So some of the definitions I have to start off with are things like wasps and hornets, things that we think of, of like yellow jackets, bald-faced hornets, paper wasps. Those are insects that look like bees to 90% of Americans, but they sting repeatedly.   Then there's honey bees, the things that most beekeepers care the most about because we get a lot of honey from those bees. So those are Italian and Carniolan is the main categories of honey bees that we care about. Then there's a Hawaiian bee that makes honey. It was brought over to Hawaii about 200-ish years ago and is now only found in Hawaii. So that bee also makes honey, but at a slower amount over time and is a lot more aggressive, more likely to sting the beekeeper. So you don't like them? I have to tend them. That's my kuleana or responsibility to take care of them because we have one slide of me bringing a swarm out from an agriculture park in this case and this is the day of when we were catching a swarm. They were in somebody's cupboard. They were there by choice because they were out of the rain, but they prefer to be in a safe covered area that's away from that and here we are catching those swarms of bees so that we can preserve our uniqueness to Hawaii that's now lost in Europe and in mainland. So this Hawaiian honey bee is a separate species of bee now? We're calling it a separate species but could mate with honey bees, but we prefer not to because we want the traits to be unique. Their venom is very valuable versus the honey bee's venom which is less valuable. And then we have hopefully our topic today, Hawaiian Endemic Solitary Bees. So species of bees that are usually stingless that have been here in Hawaii Endemic, 40 to 50,000 years of being here in Hawaii. So these are bees that presumably one or two of them showed up. We got blown over here by a swarm eons and eons ago. Or we're with the voyaging travelers on some means and came here as part of the voyaging spirit of their own looking for more prospects of land. So now these bees don't make honey, right? So in general, no. We categorize them by size and these bees are unique and specific. Honey bees make a lot of honey. Here in Hawaii, a healthy honeybee hive can make 300 pounds of honey for a beekeeper to take and remove. And they still have food left over. An endemic yellow-face Hawaiian bee only eats food and then flies to its next location and has burnt up all the calories that it consumed in its flight to get to its next location and then needs to eat and then has enough energy to fly to its next location. And so it is dependent on our land here in Hawaii 100% for its food in order to go from place to place. At the same time, the plants that these bees deal with, some of them certainly over evolutionary times have become more or less dependent upon these bees, right? So why do you care about these endemic endangered species of Hawaiian bees? For example, orchids that are endemic to Hawaii only pollinate from these specific Hawaiian solitary bees. We'll lose these, for example, 14 species of orchids if these seven endemic Hawaiian bees die off because they're going to be no longer endangered but then become extinct. Then those orchids will also become extinct. Right, because orchids are a very classic case of this sort of co-revolution of pollinators and plants and the plants have evolved to make themselves more attractive to the pollinators and the pollinators focus more and more narrowly on those plants and it's led to sort of an evolutionary spiral where they have become mutually dependent. Exactly. Yeah, so there's a very good reason why. So in general, what are the big threats to these bees then? So without saying any company's names, the agrochemical companies that spray poisons on our land and have decimated land use into a single use item has stopped these Hawaiian bees from being able to jump from place to place, eat food and then be able to jump to their next place. So their area used to be the island of Oahu and they knew how to find and forge enough food, which there's plenty of food for all bees here in Hawaii. We do need more honey bees to sustain our agriculture at a better commercial level and I mean food that we normally consider food versus how we have just a commercial industry that is making huge sections of land single use. Which are then unsuitable for these bees. For these bees. So the bees get, their habitat gets fragmented and it's so large that they can't cross over these barriers. So this island becomes actually set of smaller islands for them and they're confined to these smaller smaller pockets. Yes. Plus I'd imagine some of the chemicals that are being sprayed there probably aren't the best things for these bees. So that's also destroying them. So they're more susceptible when they weren't previously for the past 40,000 years to viruses, for example. These chemicals are destroying their nervous system, their brains in a way that is making them lose information. What they used to do naturally, they're no longer able to do. So what do you mean here? Expand effort? So there's a few chemicals like neonicotoids. So this is a chemical that they're spraying on seeds before they get sold to you at Home Depot or Lowe's. So then a person buys those seeds not knowing what's on them, plants them in their garden, bees, any bees, bumblebees, Hawaiian bees, honeybees. They go and eat from those plants, nectar, pollen. They take that into them. But these chemicals add up in their bodies.  There's other chemicals that they just spray on crops. But we live on an island. We don't have a separate set of air for just agriculture. We breathe the same air, and we walk on the same soil. So those chemicals build up on the soil, and it goes into our normal breathing air. So the bees also breathe the same air we do. Sure. What is the Hawaiian saying? Haiva'a, haimoku, haimoku, haiva'a, right? The canoe is the island. The island is the canoe, right? Yeah, we're all in this together. And this is what these bees are sort of a good example of, right, is that everything really is connected to everything else here. And you can see it very clearly on your island. So they're the indicator for me. So I know I take care of honeybees. And this is kind of my menagerie. I'm also able to take care of these bees. If I have enough time, money, and energy, I'm coming up with ways to, I know there isn't going to be anyone else who can solve this problem. I'm a team of one, and I realize and recognize there is this problem. Honeybees make money by selling honey. Solitary bees, to you personally, I'll ask you a question. How much do you pay for a coconut tree to be healthy? What? It's not a question you can think about, right? It's not a question, but I think about it greatly, knowing that at some point, there could be a disease that affects coconut trees. I know and that I'll start over. I believe honeybees communicate with the plants. And my scientific proof for that is, honeybees are able to read the stress of plants. That's how they know how to communicate with trees on their own. That's also how they are able to alleviate plants' distress. They're able to find the problem and alleviate that. Usually it's pollination, but it's also blight when there is an actual problem attacking, for example, a tree. We're having more and more of that. It's not global warming. It is a man-made problem. We know it is the agrochemical companies dumping pollution on our soil and it's causing problems. So that's then a real issue for these bees. Do you have a sense of the population of these bees? I mean, how endangered are they? So we only, UH Manoa, discovered seven of these species about 10 years ago. Kind of like our happy face spider. Have you seen the happy face spider in nature? So how would I see the happy face spider that many people in elementary schools in Hawaii know about? It's by going to the Bishop Museum and you can see it on a magnifying glass, not in nature though. So the solitary bees, how do we see them? I don't want you to see them because they're solitary bees. They want to be left alone and do their work in order to keep our orchids preserved. We're gonna go into this in more depth when we come back but right now we're gonna take a little break. I've got Darren Olson here, a beekeeper extraordinaire. We're talking about the solitary endemic Hawaiian bees and I'm your host, Ethan Allen here on Legible Science. So we'll be right back after a short break. Hi, I'm Pete McGinnis-Mark and every Monday at one o'clock I present Think Tech Hawaii's Research in Manila where we bring together researchers from across the campus to describe a whole series of scientifically interesting topics of interest both to Hawaii and around the world. So hopefully you can join me one o'clock Monday afternoon for Think Tech Hawaii's Research in Manila. Aloha, my name is Mark Shklav. I'm the host of Think Tech Hawaii's Law Across the Sea. Law Across the Sea comes on every other Monday at 11 a.m. Please join us. I like to bring in guests that talk about all types of things that come across the sea to Hawaii. Not just law, love, people, ideas, history. Please join us for Law Across the Sea. Aloha. And you're back here on Legible Science. I'm your host, Ethan Allen here on Think Tech Hawaii. I've got Darren Wilson with me today in the Think Tech studio here. Darren's a beekeeper, third or fourth generation beekeeper, whatever. Longer than that. Longer than that, okay. His ancestors from many generations have kept bees and so he is a very deeply knowledgeable guy about bees. We've been talking about the solitary endemic Hawaiian bees, stingless I guess, and they're facing multiple threats or are facing threats from particular kinds of insecticides that are being used. They're facing threats presumably from just general agricultural chemicals. They're facing threats because of land use that's broken up their habitat into smaller and smaller islands.  It could be facing all kinds of other threats, so. And we discussed earlier what happens if these bees disappear and these bees, very few people, see many of any of ever in their lives, doesn't seem big, but a bunch of flowers will then also go extinct when the bees go extinct. So this is, it's important that they be preserved and you say you are like the only person working on this issue. That I know of, correct. So how did you get involved in this quest and I know? Dumb luck. Okay. So on purpose, the way I'd like to put it for myself is I'm trying. I approach some startups and some venture capitalists and some other accelerators and just talking. I'm a generational master beekeeper. I'm trying to be humble here on your show, but I want to explain who I am. This is my subject matter expertise. And it's very difficult, for example, here in Hawaii to make a good sustainable living. So I've been working on different avenues. What is the most valuable product that can also be a very important component here in Hawaii to add value to our sustainable economy here in Hawaii. So going out of my comfort zone, this is where my journey began. While I'm talking, they ask questions like you are now. Aren't bees just the same thing? Aren't there just bees? No. What do you care about personally? So I'm asking you personally, do you like chocolate? Sure, I love chocolate. Do you want organic chocolate made here in Hawaii? Sounds super. Do you want that to be sustainable? Absolutely. So then you do need our endemic Hawaiian solitary bees because they do a better job of pollinating chocolate than honey bees in this one example. Okay. So if they all died, then we couldn't have chocolate here commercially. Instead of 40 pods on a chocolate tree here in Hawaii, if honey bees were the only solution to pollinate, then there'd be one pod per tree. So that's not economically sustainable. So now, asking a venture capitalist, is that a good enough reason to fund saving the Hawaiian solitary bees? Their honest answer back to me from the return on investment standpoint, they ask, couldn't we just import bees from South America, for example? Legally here in Hawaii, no, we're not supposed to bring over any invasive species. So it's the law that you're not supposed to and it's illegal. The answer from a venture capitalist can be, yeah, but we can change the law if it will save one sector of our economy. So yes, except for the Hawaiian value of having an endemic solitary bee that's now on the endangered species list, that once we lose that, we'll also lose orchids that are endemic to Hawaii. So not only do we lose the chocolate value, but now orchids and a species. As well as just biodiversity laws. They're not as sexy as pandas, but it's what I know. This is great stuff and it's important work, obviously it's, and that is a great example. And you would think you might be able to tie in with some of the folks who are doing the chocolate production and really get them psyched into this or they want to help you preserve lands, protect sort of the reservoirs as it were. So that's part of my struggle. When I did approach farmers, for example, I was saying, so from the honey bee standpoint again, UH Manoa knows that cucumbers, for example, have a higher value when honey bees are on the fields when it's time for cucumbers to flower. You have a better value cucumber crop. Explaining that to farmers, the immediate answer was no. Okay. I've now in my journey realized, I need to go outside of my comfort zone, communicate more, and maybe have to work with chefs, for example. And then get them to buy into the chef saying to the farmer, we want your produce to have a better shelf life and a higher quality taste. And the way to do that is to have honey bees on that farm. That makes sense, but it's a very hard case in with these solitary bees, which you can't really farm. You can't really raise highs with them because they're solitary bees. So do they have value? I haven't found a monetary value yet. So I have to go for the cultural value or the biodiversity value. I don't have a solution. Right. No, it's unfortunate, I think a problem that a lot of, it's becoming increasingly common, right? There are very few pandas, right? So, sort of cute and sexy that, you know, everyone loves them and will pay a lot of attention. And there are lots and lots of sort of less interesting, you know, less sexy, less cute animals, plants that are equally in danger, but are not gonna get the attention, not gonna get the big stars donating money in there to the cause, you know, and, you know, it's, that's very unfortunate, but presumably some of the other folks at UH Monola at least know these issues and have some, at least intellectual support for you there, you know. So they're giving us the research that we need to be able to explain why is this insect important when we work at it from a different standpoint as beekeepers, we know that they have value and we don't go out of our way to destroy them, but here now is the beekeepers' explanation that our Hawaiian plants, which are, I see them being less and less visible and seeing more and more plants that are non-valued, meaning it's just a nondescript tree that nobody eats or takes anything from versus a Hawaiian medicine plant that we would normally see in Hawaii 200 years ago. If we value those plants, and I'm trying to go back to one of your questions, how can people help Hawaii? Planting traditional Hawaiian plants is my 100% best answer for that question. What could we do, plant Hawaiian medicine plants, plant Hawaiian plants that are endemic to Hawaii, planting our orchids? Okay, that's good concrete stuff that people can actually work with, right? It's clean, clear, neat, it gives people a job to do and we'll do these bees a whole world of good, presumably, you can envision it particularly if you mapped out more or less where the populations were, you could start connecting them with corridors where there are now Hawaiian plants that they would also pollinate that could connect remnant populations and allow them to keep going, you know? Clean up some areas, hopefully, after some while, the pesticides all gradually wash away, at least drop to low levels, probably not. That's amazing.  It wasn't really an apprenticeship that you basically learned at your grandparents' and parents' knees. So, as a seven-year-old, having to help dad, and what I'm saying, have to, it was spending time with my dad, which was fun. So we would, first, we'd learn from extraction, when he took the honeybee hives off of the honey into our house, and we would extract the honey from the frames. That was, basically, first introduction of hands-on learning to the extreme. And it wasn't, you got over your fear of bees quickly, is what I'm trying to say, if that happened to you. Right, now, it sounds like you learned this long, learned it deep, learned it firsthand. Yeah, that's great, that's authentic learning that's very best. Well, this is wonderful, this has been incredibly instructive to me. I had no idea of the richness of the Hawaiian bee story. And it's, from now on, people should know, right? Bees are not just bees, there are lots of kinds of bees, they do lots of different things. So I very much appreciate your being here. I look forward to your success in keeping these bees going and I wish you the best of luck with that. Thank you very much, John. Thank you. I'm Ethan Allen, you're here with me on Lethable Science. Darren Olson has been with us today and we'll be back next week. See you then.