What's good Josh boros back again with another video so I'm gonna check out the biggest WWE entrance theme downgrades now We've seen some downgrades of some wrestler theme music Me personally one of my favorite Wrestling theme music is a canes his old theme music and when he turns sadistic and lost his hair y'all know if you know me that's like one of my favorite wrestling theme music and I Don't know what happened. I'm not sure if they I'm not sure if they wanted to I'm sure it had something to do with money and rights Or whatnot, but Then they changed it to like his old theme But it it wasn't as good as his original theme when he first came out as Kane and it just I don't know It it didn't hit the same it did not hit the same and you kind of have seen that not just with him That's just an example. I can think about the top of my head But there's other wrestlers where you feel like their theme music was better at some point And then it kind of fell off a cliff like DIYs theme music. I'm not a big fan of it Johnny Gargano's new theme music. I like I preferred it better in NXT and His new theme music before he you know, they joined you know, did the DIY thing again I don't know it is it's not the same. So I don't know man It's just one of those type of things where I do feel like WWE's cut made some shortcuts when it comes to Their wrestlers theme music is at one point. It used to be like soon as you heard it You know, I know who's coming out and you know, oh man You kind of felt some type of excitement now if you don't watch the shows regularly You really don't know who the hell's coming out until you see them outside of the the main stars and stuff like that So let's see which ones he has on this list Appreciate all love support took already enough on this intro. Let's get right into this man I think theme songs over the years and when WWE decides to change them It really doesn't get a good response from the fans. No join us now as wrestling me looks at 10 entrance themes that were total downgrades Subscribe to wrestling me if you haven't already linked to the video will be down below in the description I've been hit that notification bell for daily wrestling videos number 10 Keith Lee limitless to generic job Lee's limitless theme song was good would be an understatement a word theme song was majestic epic and created an instant sense of excitement from fans Yeah, it worked Unfortunately when Lee was infamously called up to the main roster limitless was scrapped in favor of a song that fans quickly labeled as a generic job of theme song Here The song gave Lee no aura and it's hardly a surprise that his main roster push went absolutely nowhere It's reported that WWE weren't permitted to use limitless due to their deal with CFOs coming to an end Yet this did a little to justify why WWE produced such a lackluster theme song for a wrestler Who was supposed to be one of the future stars of the company? Yeah, WWE would eventually introduce yet another theme for Lee and this would be called born to bring it However, by the time Lee debuted the theme WWE had already seemingly given up on the ones promising star Number nine the British Bulldog rule Britannia to Bulldog I when the British Bulldog returned to WWE in 1999 The company was in a completely different place in terms of how their product was presented The attitude era was underway and the Bulldog's prior gimmick and presentation would have fallen flat immediately in this new era WWE would smartly give Bulldog a new theme song. However, instead of the classic rule Britannia Bulldog would now use a metal sounding song that was completely lifeless and was arguably one of the most unmemorable theme songs of the entire attitude era Yeah, that's definitely generic Most interesting about this new theme song was that it featured a Bulldog barking at the start However, outside of this this theme song wasn't representative of anyone who was going to be a major player in one of the most popular errors in WWE history Number eight Carlito cool to bad Apple. Yeah His old theme song worked it fit Yeah, that's that yeah, this deserves to be on the list a former US and Intercontinental champion Carlito made his highly anticipated return to WWE at the 2023 fast lane event while it's great to have Carlito back in the WWE There was immediate criticism because WWE had changed this theme song. I spit in the face. Yeah, this word This it worked It was first theme in WWE was symbolic of everything the Carlito character represented yet His new theme titled bad Apple was lifeless and rather dull It's it's not bad But it's not as good as the other one like I it's okay. It has, you know, different similar vibes I wouldn't say it's bad, but At the same time, it's not as good as his original theme song So it wasn't just the WWE fans who weren't a fan of the bad Apple theme as Carlito himself had this to say during an Appearance on the ring is cheap heat podcast. Yeah a little bit. They ran it by me. I wasn't they wanted to change it I wasn't crazy about change it.  Let's let's see what we can do and I they asked it for my input here and there I'd say not that you know, they give me like a fix. I think it's a little more base here Thanks more drums little things like that and then the the lines I wanted to change if I didn't want the old lines from before And then it's it's like I said wasn't crazy about it But it also I found ourselves like one of those earworms where I'd be humming it to myself during the day You know because they they said it to you listen to the hot thousand times And then I'd find myself just humming it here without even noticing so I'm like that too I'm not crazy about change, but I think I think it's something that needed to be done And you know just to something you know with a fresh coat of paint on everything number seven stone cold Yeah, it wasn't like I said, it's not bad It fits still to his character that they're trying to portray And back then he was a heel. So Obviously they had to switch it up in a in a bit, but I mean you still could have worked with it. I would have preferred his other theme Maybe a modernize it just a little bit, but the the intro are spinning the face The people who don't want to be cool. You can still roll roll with that even if they he is a baby face I don't know that one's not as bad. Steve Austin glass shatters to venom A wwe decided to change stone cold steam song in 2000 was a very risky move Austin's theme song was iconic and it could have led to severe backlash If the new theme wasn't up to the same standard Plastic right here Luckily the new theme from disturbed was arguably Austin's most beloved theme song The new theme kept the glass shatter at the start yet the track now featured strong lyrics that perfectly represented Austin's character and a no-nonsense attitude when Austin turned heel and became a member of the wcw ecw alliance in 2001 He would ditch the disturbed theme in favor of a lazily produced track I think I do remember this, bro I think I do vaguely remember this No This was awful. I think I do remember this, bro Ah, bro, he brought back a horrible memory No, this is awful This is awful Oh my god I'm glad I I put this in the back of my memory Jesus The theme song was titled venom and it was just a complete step down compared to what came prior Did the theme song suit the supposedly paranoid leader of the alliance? Well, that's up for debate Yet fans don't exactly have fond memories of Austin's time using the venom theme song Yeah, number six Stephanie McMahon all grown up to welcome to the kingdom Stephanie McMahon's first two theme songs in wwe were certified hits A version of my time and then all grown up were tremendous theme songs that were exactly what McMahon's character at the time needed I remember this, yeah However, McMahon eventually decided to ditch the all grown up theme and in 2013 she debuted a theme song titled welcome to the kingdom This new theme was supposedly an indication that this was a new superior version of McMahon Yet the theme song didn't have the same energy as the new grown up The new theme song was definitely a more mature theme and it may have been out of place for McMahon to still use all grown up However, they could have delivered something more memorable for a figure who was such a prominent fixture on tv at the time Number five. Shameless written in my face to hellfire Shameless is written in my face theme is considered to be one of the most underrated theme songs of the pg era Yep It worked for him wwe managed to hit shameless's first ever theme song out of the park Yeah, it worked hardly a surprise that fans for the past eight years have been urging wwe to bring the classic theme song back Shameless would get a new theme in 2015 and his theme was titled hellfire This wasn't bad in my team is it remotely bad as it almost below written in my face in terms of production quality Yet the consensus from the wwe fan base is that written in my face was a better fit for the former wwe champion He's admitted in numerous interviews that he wants to bring back his all theme And that would be cool during an interview with inside the ropes. I definitely would love to bring that song back Yeah, before I know it was it was it was stopped. They weren't gonna let me have it Because it was past but it's amazing what a song can do or entrance music can do to bring people back in that Nostalgia vibe. I definitely will keep pushing to have that song back. Hopefully you can And uh, it's something that I haven't given up on but I think there'll be a time and place for that to come back And I wonder if he gonna have Drew McIntyre here I wonder if he's gonna have Drew McIntyre old theme song in here on the list because it definitely deserves to be on there Compared to the one he has now it's uh, it's okay. But his other ones his other one Nah, Drew's other theme that one rocked before baron corbin I bring the darkness to get ready ready I bring the darkness was produced by the master of wwe themes jim johnson And the theme is notable for being the last ever wwe theme produced by the acclaimed artist The theme song itself is universally liked by the front and base and it gave corbin an instant presence when the song Yeah Yeah, that sounds that sound like it worked man.  As soon as you heard this theme song, you just uh But if you had baron's old theme song, it probably Okay, baron's about to come out here Oh, geez man wwe in that cheapness The theme song was supposed to represent corbin winning big in las vegas and wwe took a rather liberal approach to the theme song The theme song starts with a slot machine jiggle and then the rest of the theme sounds like an arcade The theme song was heavily panned by fans and it currently has over 1200 dislikes on wwe's youtube channel Since returning to nxt in 2023 corbin has debuted a new theme song title burn the ships Which is a vast improvement and hopefully the get ready ready theme will never be heard on wwe programming ever again Hopefully number three rikishi you look fly today to bad man Upon turning hill in 2000 it became apparent that rikishi's widely popular theme song That he would use for the member of too cool would no longer work You look fly today was a fun theme song that made fans get up on their feet and dance Mmm. Hey, that's a classic one. Yeah. Yeah. Yeah, but rikishi now Couldn't use that no more a new theme was needed with immediate effect Rikishi would debut a theme known as bad man and whilst it's not the worst thing in the world It was a disappointing theme that failed to represent rikishi as a main event talent Yeah, it's not bad It's not bad But I get why they changed it. He was a hill You know, so he kind of has to change it up, but it wasn't it was the other ones better for sure, but It's not bad bad A lot of things went wrong with rikishi's hill 10 in 2000 and the theme song was a significant factor In why the presentation of a hill rikishi just didn't work Number two drew mech entire. Here we go dreams. Yeah, broken dreams Yeah When Drew McIntyre re-signed in wwe in 2017 his broken dreams theme was nowhere to be found Instead he would use the theme known as gallantry I mean It's cool, but it ain't broken dreams, you know It took some time for the fans to get used to the theme and although the theme is passable for McIntyre There has been an increasing demand to see McIntyre revert to broken dreams McIntyre himself is fully aware just how popular the theme song is and he's been pushing to bring the theme back full time It looks like wwe has no plans at this stage to make the change But at the 2022 clash at the castle event McIntyre would bring the theme back for his introduction in the main event This was the last time it was used on wwe programming today. It was it was definitely cool. Don't call me Kane slow chemical Yes I'm glad this was number one.  It makes sense This is that theme music His original one was good. It fit him. But when they took the mask off Slow chemical was him. It was soon as you heard Heard the music and you saw the flames you knew business had picked up and then when he Went to corporate kane or whatever They kind of changed it back to some generic stuff. And then when you put the mask back on it It was it wasn't good. It didn't hit like it used to man Considered one of the most popular theme songs. Yes 25 years. Yes Slow chemical is sung by finger 11 and the idea of kane having a theme song with lyrics seems like a strange concept But it worked. It worked amazingly. Oh my god without question. One of the most iconic theme songs. Yes Oh They made the call to drop the theme song after six years And there was negative backlash upon wwe making the change His new theme would be titled man on fire and it would be a rework of kane's original theme. Yep The new theme wasn't a total stinker yet. There was no logical reason to make the change Yes, just appeared that wwe wanted to cut costs and produce an in-house theme song. Yes So annoying. They have it folks 10 of the worst and instead of ventz Putting money into these damn theme songs. He's putting money other places Spending 14 million dollars in other places I'm not gonna talk about that. You know, you know Because it's spent that money 14 plus or however it was was of the company money that he's trying to Keep people hush hush about what was going on He should have used that however 14 plus million whatever it was To keeping these rights to these songs Because the wrestlers only is good sometime as his damn interest mean interest music Ah Comment down below. Let me know Some other wwe wrestlers where you feel like their entrance theme music now is a shell of what it used to be Let me know down below because there are a few but I appreciate all the love and support you guys shown on the channel Grow 250k and i'm steve and speedy youtube wrestling champion the world. Appreciate y'all kicking it with me. See y'all next time. Peace


Hello, everyone. Welcome to Options with Doug. Streaming live daily on Bookmap Discord and the Bookmap YouTube channel at 1.30 p.m. Eastern Time. Before I get started, I need to go through the disclosures. General disclosure, all Bookmap limited materials, information, and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Risk disclosure, trading futures, equities, and options involve substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. Before I go any further, I do have an announcement today. Bookmap is on this campaign to help reduce spammers and enhance the benefits of Bookmap Discord. I'll show the slide in just a minute, but you can fill out this form and unlock it. Bookmap is asking that you do this, all you Discord users, to again help reduce spam and enhance the benefits of Bookmap Discord. Alright, I'll show the slide where that ends up in just a moment. So 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-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, formerly known as Twitter. My name there is at Doug Pless. And by the way, Bookmap Discord is free and available to everyone. There's a lot of great content there on a wide variety of topics, asset classes, stocks, options, futures, crypto, also in a wide variety of languages. It's a fantastic community of traders all working together to help each other become better traders. Highly recommended, free and available to everyone whether you subscribe to Bookmap or not. The focus of my presentation today and the focus of the options-doug chat channel is options, order flow, the impact of options markets on stocks and futures, and the influence of market maker hedging flow on price action. I have a two-step process for trading and the first is planning. And I use positional analysis. I look at how traders and market makers are positioned in the options market and how those positions change from day to day to develop a thesis regarding the expected trading range of volatility for the day as well as the directional bias. And the second step in my process is execution. I look at real-time order flow in Bookmap and real-time market maker hedging flow in SpotGama Hero to confirm my thesis and for setups for injuries 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 SB500 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 and I'll do my best to answer your questions. And hello, Caesar. Welcome. Glad you're here. Alright, here's my agenda for today, Thursday, February 1st. First of all, I want to go over news items, economic data, events, and earnings for today as well as the rest of the week, tomorrow. Then I'll go through my positional analysis. Then I'll review some setups from earlier today. And then I'll take a look at the live market. And when I get to the live market, if anyone has any setups, any stocks they want me to take a look at, please let me know and I'll be glad to do that. Alright, let's get started. And first of all, just to continue with the public service announcement, I've got this in an email, this link. I have scrolled down, it shows my email address above, and I don't want to do that. So you can follow the steps here, enter your email address, provide your discord name, and then your bookmap license key. So apparently you do need to be a bookmap subscriber to complete this form. Alright, so there's the process to go through to link your email address with your discord name and your bookmap license key. Alright, let's move on to economic data and events. So first of all, yesterday the FOMC meeting announcement, meeting at 2pm, and really the fireworks began once Jerome Powell started speaking at the press conference at 2.30pm eastern time. Excuse me, so up and down, mostly down when Jerome Powell indicated that it was unlikely that the Fed would reduce rates, cut rates in the March meeting. Now the market's trying to recover from that down move, we'll take a closer look at that in just a minute. Alright, so for today there were several data items, I think the market mover was this ISM manufacturing PMI that came out a little bit greater than expected and greater than the previous number. Alright also for today, Apple, Amazon, and Meta report earnings after the market closes. And then on Friday, the jobs report comes out at 8.30am eastern time and then at 10am, Michigan consumer sentiment. Alright, so that will wrap up the week, a big, big, big week of news, events and earnings. Alright, let's move on to positional analysis now. I'm going to start with ESB500, this is the ES Futures and Bookmap. And before I take a closer look at this chart, I do want to take a look at a larger time frame. I'm going to go to the underlying index. This is the SPX, the underlying index. I'll go through this quickly. The current rally began last year, October 30th, ran into resistance at 4800. Then on January 19th, options expiration, SPX broke above that 4800 double. And then from here, let's take a closer look at the last 30 days. So I'm going to go to another SPX chart. This is a 30 day one hour chart. This is the 4800 level, resistance at that level. And then on expiration Friday, that was January 19th. This is the expiration line right here. It may be difficult to see. SPX broke out above that level, found resistance at 4900. That was the call wall for a while. Then broke out this Monday. That was on the back of a Treasury announcement about their debt. And then yesterday, dropped down below 4900 again with the FOMC announcement and press conference. 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. I update this once a week. The dash blue lines are showing the lower and upper daily expected move, also based on the options market. I update this once a day. These are all based on the closing price for the SPX previous day. And then what the options market is showing for the expected move. All right, the dark red lines are showing SPOT gamma levels. These are proprietary SPOT gamma levels provided to SPOT gamma subscribers available on a variety of trading platforms. This is thinkorswim. I'm going to point out the key daily levels. So these are based on gamma weighted open interest. SPOT gamma takes open interest data applies their proprietary algorithms to come up with these levels. All right, so the first level is the put wall at 4775. That's a strike with large net negative gamma that can be expected to act as support. And that level did shift up pretty significantly from yesterday at 4500. It had been at 4500 for quite some time, shifted up again pretty substantially. All right, the next level up is the volatility trigger. That's at 4855. That's a strike. That is SPOT gamma's proprietary volatility and gamma flip level. Below that level market makers position on the gamma curve is negative. In a negative gamma environment market makers have to trade with price to edge their delta exposure. That tends to enhance or increase volatility. On the other hand, like SBX is trading now 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 tend to subdue or decrease volatility. And note that at the beginning of the day market makers position on the gamma curve for SPX was slightly negative. And now SPX is trading above the volatility trigger. That level also shifted higher from yesterday. It was at 4775 yesterday and shifted up today to 4855. The next level up is the call wall at 5000. That's a strike with the largest net positive gamma that can be expected to act as resistance. That's also the absolute gamma strike. That's a strike with the largest absolute positive and negative gamma. That's where most of the gamma weighted open interest is concentrated. All right, finally, let's take a look down to a one minute chart now. So here's the drop yesterday. Very nice setup short above 4900 yesterday. Actually 4928. That's what I posted in discord yesterday. Very sharp drop and finding support right around 4850. This is today this dark shaded portion on the right. So for today the levels in play for SPX is the volatility trigger the level in play 4855 acting as support also as a target for a short. And I'll talk more about that in a few minutes. So right now SPX is trading above the upper daily expected move price traded above then acted as support for the upper daily expected move. So the 4900 level is the next level up above 4900 is a large gamma three level. And then just below that is a combo level combining SPX and spy gamma weighted open interest into one combined level shown in terms of an SPX price. All right, here's the futures and book map. So I've talked about the underlying index the SPX that's the primary index spy is a version of that. And this is how I look at the SMB 500 ES is a derivative of SPX. I have my own cloud notes here so I can show so I can show SPX levels. So there's that 4900 level that I was just talking about and then the 4899 combo to level just below that. So there are SPX levels. I also have spy levels on this chart. Here's the spy 486 volatility trigger acting as resistance making for some early morning short setups. So 486 volatility trigger acting as resistance. Here's that 4855 volatility trigger acting as support. And now the spy 487 in play as well as 488. So both the SPX and spy levels are definitely in play for today. All right, note there is a difference in price between ES and SPX. And today it's right around 22. So ES minus SPX equal 22. So I'm showing the SPX 4900 level at ES 4922. And note that I post the index relationships that I'm using for both my ES and NQ charts and discord. I've started posting the preliminary relationships before the cash open and then the final index relationships that I'm using sometime after the cash open. We'll talk about setups in a few minutes. So good short setups in the morning and then long aren't starting around 11am. All right, so those levels in play for the SMB500. I talked about shifts and levels for the SPX both the volatility trigger and put wall shifted higher. On the other hand for spy the volatility trigger put wall and absolute gamma strike both shifted lower. So a bearish hat trick for the for spy. So kind of conflicting signals for the SPX and spy. And the way I was looking at it in the morning, I'll talk more about this setup in a few minutes was with a bearish bias CVD falling resistance at the 486. Now, obviously that has resolved to the to the bully side to the upside CVD starting to rise and ES breaking through that 486 volatility trigger level. So we'll take a take a look at those setups and a few minutes. All right, let's go move on to NASDAQ now. So this is the NQ features and book map. And before I take a closer look at this chart, I do want to take a look at the underlying index charts. I'm going to start with QQQ. This is a one minute chart showing the levels in play. This is a 418 round number level. That's not a not a spot gamma level, but acting as resistance before the cash open shown in the gray shaded area. And then after the cash open shown in the darker shaded area, then this 420 large gamma three level acting as resistance both before the cash open and after. And now QQQ is trading above that level. Let's take a look at a quick look at NDX and the only level that employee and this was yesterday afternoon is this combo level at 17137. All right, let's go back to NQ now. So just like ES, I have my own cloud notes. So I can show QQQ and NDX levels. There's that 420 level zoom in on this zoom out. I'm sorry acting as resistance multiple times before and after after the cash open 418 acting as support and now NQ moving higher above that level. All right, shifts in levels for the NASDAQ, just like SBX for NDX, both the volatility trigger and put wall shifted higher. And just like spy for QQQ, the volatility trigger call wall in this case and absolute gamma strikes shifted lower. So a bearish hat trick for QQQ. All right, let's take a look at gamma notional to see how market makers were positioned on the gamma curve at the beginning of the day. So this is gamma notional again, market makers position on the gamma curve at the beginning of the day for the SME 500 NASDAQ Russell 2000. Note with the exception of NDX, which I really don't pay much attention to here. All these numbers are negative and pretty significantly negative for spy. So gamma notional market makers position on the gamma curve at the beginning of the day once negative for the SME 500 and QQQ and the Russell 2000 as well. So this indicates and this position of the gamma curve traders are long puts market makers are short puts and they have to trade with price to hedge their delta exposure. That's typical of a negative gamma environment. Well, let's take a quick look at the Vana model so we can get a graphical representation of what that means. I'm going to take a look at the spy chart. What this chart is showing is market makers delta notional on the vertical axis price for spy on the horizontal axis. There are two curves on this chart. The light gray curve shows how market makers delta notional may change with changes in price only. And the purple curve shows how market makers delta notional may change with changes in price and applied volatility. And remember market makers always want to remain delta neutral. So what this is showing if if price is decreasing and applied volatility increasing market makers delta notional will increase and they have to sell futures to hedge their delta exposure. On the other hand if price is increasing market makers delta notional will decrease and they can buy back their short futures. So this is showing on this portion of the curve market makers are trading with price both down and up. Let's check on prices now. So the low of the day for spy was right around $484. So there it is $484. So if price had continued to fall market makers would need to continue to sell futures to hedge their delta exposure. Then this afternoon as price is increasing market makers can buy back their short futures. Let's take a quick look at QQQ. Since I'm looking at spying QQQ since gamma notional was much much more negative over a billion for spying QQQ. So QQQ low of the day $418. So again the same thing market makers trading with price to hedge their delta exposure. And then if price continues to increase that pressure will decrease. Let's see where QQQ is trading now right around $420. So it looks like there's still some room for a put-van rally that's what this is called. Price increasing implied volatility drops market makers can buy back their short futures and that is a put-van rally. Alright let's take a look at some setups now. I'm going to start with the SB500. I'm going to take a look at what options traders have been doing today. What this chart is showing so everything that we've looked at so far other than book map is based on static data. Spot gamma takes the open interest data, applies their proprietary algorithms to come up with the levels that I showed on my charts and the gamma notional, the VANA model. And so that's all based on static data that's updated once a day. That's what I use in my planning process. Now we're moving to execution to take a look at some setups. So I'm going to start with the hero chart to see what options traders have been doing. So what this chart is showing is price for SPX with a white line, the hero signal, hedging impact real-time options. This is showing options trades and market maker hedging activity for a combined signal of SPX by XSP and ES futures. All into one combined signal. Let's zoom in on this chart. So what this hero signal, the purple line indicates, a falling signal indicates traders are taking negative delta positions. They are buying puts and or selling calls. Market makers take the opposite side of that and they have to sell futures to hedge their delta exposure. So market makers are hedging their options trades in the SP500 with ES futures. On the other hand, a rising hero signal indicates traders are taking positive delta positions. So they are buying calls and or selling puts. Market makers take the opposite side of that and they have to buy futures to hedge their delta exposure. Let's take a look. I'm going to zoom in on the morning. This is what I was looking at in the morning. So right around 10 a.m., 10.10, hero signal started to make a series of lower highs. This setup, one quick short setup with the ES right at SPY 486 volatility trigger. I posted that in Discord and then the better setup was about 20 minutes later as hero continued to make lower highs and ES reverse lower again at that 486 level. So let's go take a look at the book map. Go back to ES. Now, obviously that was not the big move of the day, but looking back in hindsight here, this is what I saw in the morning. So here's the first short setup, second test of the 486 level in the cash session. Note the volume dots here. Volume dots indicate market buy minus sell. Green dots indicate more buyers than sellers. Magenta dots indicate more sellers than buyers. So price makes kind of a double top there at the 486 level as traders were taking negative delta positions. Price moves lower down to the 485 level, reverses higher, then again finds resistance. Right around the 486 level as more aggressive sellers come in and this time price moves down to the SPX volatility trigger at 4855 before reversing. And note during this time as ES made a slightly higher high cumulative volume delta shown by the pink line and the sub chart was decreasing. And then finally once this got moving, sell stop orders helped to fuel the move lower that shown by the following yellow line both in the sub chart there. Alright, so a couple of short setups, one good for about 10 points and the next one good for looks like about 20 points. Right, yeah, that's right. So this is this is spy 484. It's also the 485 volatility trigger. Alright, so that's the short setup in ES. Then of course again the big move of the day was this reversal higher right around the 485 volatility trigger. And the big clue and book map here is watching what large traders were doing with the Heisberg orders that shown by the rising blue line. So as aggressive sellers and stop orders were fueling that move lower, large traders were fading that move. They were buying weakness. That's pretty typical of large traders with Heisberg orders shown by the rising light blue line and also the on chart indicator. All these numbers are not significant. They were buying with Heisberg orders. Alright, let's go to book map hero now. Let's see what options traders started doing right around 11 on this just a bit. So to me this was not not really convincing. Slight rise in the hero signal really didn't start to take off until 12. Let's take a look at one other thing that maybe that might provide a little bit more clue. This is the so the purple line is showing all expirations. This is all trades. The teal line or green line is showing next expiry and for the SB500 this is options that expire today. So the teal line starts to rise more sharply just around 11-10 as traders start taking positive delta positions in zero DTE options. Helping to drive price higher so that provides more clue. Another clue, a more significant clue as to what what traders are doing and what was moving price. Let me turn that off and next I want to take a look at this mag 7 signal. What this chart is showing is the hero signal options trades and market maker hedging activity. For a combined signal for the stocks known as the Magnificent 7. Apple, Amazon, Google, Meta, Microsoft, Nvidia, Tesla and note this line let's zoom back in on the chart. Did not really start increasing until about 11.30. Alright let's go back to book map. Notice in book map a lot of aggressive buyers start to come in. So just like the short set up driven by aggressive buyers shown by the cumulative volume delta. You can also see all the green volume dots coming in. So market sell on the way down aggressive buyers start to come in by stop orders shown by the yellow line. Start to feel the move higher and then the options trades. Of course the zero DTE options trades especially also starting to drive the help the move higher. So when traders again buy call sell puts market makers take the opposite side and they have to buy futures to hedge their delta exposure. And Caesar ask does the hero signal or spot gamma show anything regarding position into Apple? Yeah we'll take a look at that in just a minute. That was on Apple's on my list of stocks to take a look at. Alright so I thought just based on hero and order flow this these short setups in the morning weren't easier read. But based on especially what what's shown in book map here reversal at the 485 for 4855 volatility trigger also pretty apparent. Initiated by large traders with iceberg orders then the aggressive buyers and by stop orders start to feel the move higher. Alright let's take a look at NASDAQ and then we'll get to Apple. Alright so Apple let's go back into NASDAQ. Let's go back and take a look at the hero signal for the mag 7. Gonna zoom in a bit. So here's the long set up first of all at 10 a.m. Initially traders were taking negative delta positions right around 10 a.m. They shift start taking positive delta positions NASDAQ reverses higher so a good long and then a short. These peaks in the mag 7 hero signal have been good indications for a short recently. So the peak trader start taking negative delta positions and NASDAQ reverses higher right around 1035. And let's just take a look at the NASDAQ signal as well for some additional confirmation. I'm going to zoom in again. So here's the long at 10 a.m. This is a combined signal for QQQ and NDX. And then note a very nice divergence short set up here. The NASDAQ signal again QQQ and NDX traders start taking negative delta positions. And then price reverses lower about 20-25 minutes later. So very nice divergence signal there. Alright let's go take a look at book map. Alright here's the long at 10 a.m. Let me zoom in on this just a bit. Alright so price moving down. Here was the iceberg signal moving higher. So traders just like SMB500 fading the move lower. Large traders with iceberg orders they use to hide their size. Price reverses right at QQQ 418. Aggressive buyers start to come in. CVD jumps higher. Price moves up to 420. Then remember traders started taking negative delta positions in NASDAQ. And then right around 1035 in the MAG7 signal they started taking negative delta positions. Aggressive sellers start to come in right around that QQQ 420 level. NASDAQ makes a series of lower highs and price moves lower. Kimmeled to volume delta falls. And then sell stop orders fuel the move lower back down to 418. So a quick round trip. Kind of an hour long round trip. 418 to 420. Then back down to 418. Alright let's take a look at Apple. Take a look at some stocks. I want to focus on the stocks, the reporting earnings. And then we'll take a look at the live market. So this is Apple. Let's see what traders are doing today on Apple. So on Apple they are taking negative delta positions. That started right around 1045. Taking negative delta positions. So far Apple stock not responding. I noticed there when I looked before there were a lot of aggressive buyers. We'll take a look at that in just a minute. Let's just separate outputs and calls. See what traders are doing. The falling orange line indicates traders are selling calls. The falling blue line indicates traders are buying puts. Notional value is negative for both. Alright let's go back to book map. So up until about 1030 or so. Going down these volume dots just a little bit. There were a lot of aggressive buyers. There still are. Showing by all the green volume dots. Alright so in Apple really not a lot to see here, but traders are taking negative delta positions again and they're selling calls and buying puts. Next Amazon. Up and down day in Amazon. Let's see what traders are doing. Options traders. So they're buying calls that shown by the rising orange line. They're also buying puts. Showing by the falling blue line. Call buyers more aggressive. Note the notional value. Right around 188 million versus minus 91 million. So call buyers more aggressive. Let's go back to book map. So a good long set up in the morning. Then after that chop. Alright let's take a look at Meta. Meta also reports earnings. Caesar asked does the hero signal account only for opening trades or all transactions? I don't know for certain. I would imagine there's accounts for all transactions. You might want to send that question to spotgammasupportinfo.com and my guess is it's all transactions. Alright another up and down day here in Meta. Let's see what options traders are doing. Go to Meta. I'm going to zoom in. Just so we can see what was driving that move higher in the early session. This is pretty typical of Meta. Aggressive call buyers come in right at the open. Up to the 400 call wall. They take their foot off the gas. Start selling calls. Price consolidates and their moves lower. Alright zoom out to see everything. So net for the day they are selling puts and selling calls. So Amazon just the opposite. Buying calls, buying puts, buying strangles or straddles and Meta just the opposite. Selling puts and selling calls. Let's take a look at the, go back to the total signal and net for the day it is bearish. Pretty typical pattern in the morning. Traders aggressively buying calls in this case. Take their foot off the gas. Shift negative. Price moves lower. Let's go back to Meta. So Meta back to around the opening print. That's shown here with this huge volume dot. Formative control will remain at that level until the closing print. That's pretty typical of stocks. So another round trip here in Meta. Alright you're welcome Caesar. Alright let's take a look at, let's see if SMCI and then RUT or IWM. I don't have either of those in book map. We can take a look in Hero here. We'll start with SMCI, Super Micro. Traders are buying calls in Super Micro. They're also selling puts. Super Micro has breached the call wall. So a very bullish day here in SMCI. Sorry about that. Try that again. So they're buying calls and selling puts. Call buyers much more aggressive. Breach of the call wall. So when those calls go, well first of all for stock, SpotGam assumes that traders are long calls. Market makers are short calls. As those calls go further in the money, their delta increases, market makers have to continue to buy stock to edge their delta exposure. And also the same when traders are buying calls, market makers sell the calls and they have to buy stock to edge their delta exposure. So in the case of SMCI, traders are buying calls and selling puts. Market makers take the opposite side of that and they have to buy stock to edge their delta exposure. And this is, if you're looking for a long, this is a great setup today. Looking for these call buyers. And then we'll take a look at IWM. Mixed picture here for IWM. Welcome Nanny. Let's go back to the total signal. So we're on wall today for IWM. Traders are taking negative delta positions. There was a pretty strong correlation between options trades and hedging flow up until about one o'clock. Note the flow alerts. They came in in the morning. Good indication for a short setup. All right, so it looks like IWM recovered higher along with the rest of the market, starting around 11, 11, 15. All right, let's go back. Let's take a look at the SP500 first. So now it looks like options traders have taken their foot off the gas. Hero signal leveling off and prices consolidating. Let's take a closer look. I'm going to go to a shorter look back period. I often like to do that in the afternoon. That doesn't provide much clarity. That's more chop. So let's go back to the one day. Next, Dexbury. So note this is for the day, the very strong correlation between the green line, the zero DTE and the total trades. All expressions almost the same. This is showing that for today the zero DTE trades are making up a bulk almost all of the options trades today. All are in zero DTE trade options. Take a look at the Mag7. Still continues to move higher. And the NASDAQ signal moving lower. All right, so neutral for the SP500 as far as the options trades go. Hero signal maybe shifting lower, maybe just a swing down. NASDAQ bearish, Mag7 bullish. So let's go back to book map. Start with the SP500. So right now the ES is trading at a narrow range between SPY 487 and 488. Let's take a look at NASDAQ. Also trading at a range. Somewhere between 420 and 421. Also making a series of higher lows. So maybe set to a breakout above 421, 400. As traders continue to take positive delta positions in the Mag7. And sometimes NASDAQ can chop around those round numbers for quite a while. Let's go back to the SP500. Go back and check the hero signals. Mag7 hero continues to move higher. NASDAQ lower. SP500 also shifting lower now. Go back to book map. Not a lot happening here in ES. Check NASDAQ. Still stuck around 400. Check ES. I've got a couple of minutes left. Any more stocks? Does anyone have any stocks they want me to take a look at? Alright, so NASDAQ looks like it may be trying to break lower. CWR wants to take a look at Amazon. Alright, let's do that. Go back to Amazon. 158 level. Let's see what options traders are doing in Amazon. Alright, here's SP500 hero signal now making broke below that. That swing low. Let's take a look at Amazon. Right now traders continue to take positive delta position in Amazon. So there you go, CWR. Amazon trying to break above the 158 level. As traders are taking positive delta positions. Check on ES. Much easier reads in ES in the morning. Couple of short setups, long setup. NASDAQ still stuck in a very, very narrow range. Mag7 signal has leveled off. NASDAQ continues to move lower. SP500 also continues to move lower. Book map. Looking at a shorter time frame. NASDAQ making lower highs. Mag7 hero signal leveling off. NASDAQ signal continues to move lower.  I'm going to go ahead and wrap it up. Interesting to see what happens with NASDAQ here. Alright, again, everyone, thanks for watching. Thanks for your questions and comments. I will see you tomorrow. Remember, tomorrow, jobs report. 8.30 a.m. Eastern time. We still have a data dependent Fed. Should be interesting. Could be a market mover. And then consumer sentiment at 10 a.m. Alright, we'll talk about that tomorrow afternoon. Thank you everyone for watching. Thank you for your questions and comments. And I will see you tomorrow. Bye.


it's the mat work 2017 2018 2019 yeah three years i was in LA for three years um i just didn't like it man i didn't like the city uh all of my connections were happening online so the city wasn't doing anything for me um and like i'm freelance like i don't drive to work like i'm sitting in front of my computer like making beats all day and whatever so i'm at home well it's just doing harm for me that i have to pay way more rents living out here in LA when i could be way less stressed and still be doing what i love to do and still be getting all the opportunities i'm getting through the internet if i lived elsewhere you know so i moved out i moved to michigan um i might end up in chicago might end up in jersey i don't know i don't know where i'll end up but for now i'm in michigan and i'm saving money and i feel great because i get to you know just do what i love to do and blah blah blah when i was in LA like i said i wasn't getting any opportunities okay when i was living here the people that i was hitting up that i knew in LA there i said yo i moved to LA let's link up some time you know like whoever the person is a big shot guy um a friend anyone yeah let's do it sometime right well i'm here visiting LA right for three weeks okay yo i'm here for uh i'm here for three weeks let's link up you want to make music you want to like i can i can actually tell them you want to make music like straight up to the face and they're like oh my god yeah we gotta link up before you leave dude i've been getting the most opportunities these three weeks and i've ever gotten the past fucking three years i was in LA you know such a weird city man but um it makes sense right yeah you create urgency it's like a sales funnel man it's like yeah act or not and then i'm gonna be gone the opportunity's gone yeah and in my opinion and i always tell this to everyone it's cheaper to visit LA i mean i guess depending where you're flying from but for the plane ticket cost but it's cheaper to visit LA than to actually live there when you break down the expenses because the cost of rent which is a big chunk of it is so high um but also you know when you live here you gotta have a have to have a car have to also you're gonna go broke through the work um and the car expenses are really expensive like it's trying to 450 a gallon for gas um oil changes are everything's more expensive oil changes are like a hundred bucks um like tires everything everything's expensive insurance is out the window like out to lunch insurance is out to lunch i'm talking car insurance medical insurance um groceries are spent like groceries are just like way more money out here for some reason and i just thought to myself like dude i could pay way less living out somewhere else and then if i visit and i'm creating urgency i mean that's that's the best and because i know people out here i can i have a place to stay you know that's that's always good um i think if you know people in LA or try to try that's my advice that's my advice so all the producers out there if you are or or producers or rappers or anyone in the music industry network with everyone you know in LA if you really want to try to get shit happening in LA never with everyone you know in LA if you live out of state um and then when the time is right hopefully you have a place to stay go there for a week hit up all the people that you uh you know we're networking with create that urgency hey i'm here for a week if you want to link up man if you establish good relationships over the internet i mean hand sound they're gonna be like oh here's in town let's go link up whatever dude one time my friend um who's a like a he's a famous rapper i really wanted to make music with him sometime this one week he's like bro i can't my friend my friends in town um and i really want to see her like before she heads back to Toronto this girl's like a she has a successful like fashion uh company and stuff and and she has like a blog and everything like that and when she came to LA she had so much good content she made she was with this guy and you know they had all this good stuff going and and i'm i'm fucking living here and i'm like man i can't even get a single uh day out of this guy to uh make a song and then a week after the guy went to europe i'm like you know but that's you know like if i visited um if i visited you in Atlanta or i'm sorry if i visited Atlanta and i told you hey i'm here for a week i'm sure you would try to find time out of your week to be like i want to see if this week i can find time to see danny like that's the simple thought that you have in your head you know it's i mean it's a it's a strategy that doesn't get used or pushed and i think everything you're saying especially when you have money coming in and it's coming in through the internet not the location that you're in stop being married to the don't stop being married to the stream you've been sold that this location will solve the problem for you right you're still getting the income and now you can lower the the uh what is it the quality of life or the income needed for a quality of life so now it's less stressful you can market yourself more with the extra money or do whatever you want to do for the extra money you invest in business all that stuff so it it makes all the sense of the world then you get the benefit of people actually working with you when you act when they can do it so exactly i mean we live in the fucking future now like let's take advantage of it you don't need to live in LA LA is land of up LA is the city of opportunity okay and so is chicago and so is new york and so is atlanta in miami and london you know why would you uh live in LA when you can just visit and you can still get probably six months worth of scram like scattered meetings into three weeks why wouldn't you do that you know that's what i'm thinking and we got planes we got the internet there's nothing else to worry about you know what it's it's the mat work


Right, Owen. We need an idea for Balacams. We only have a few days left and we've nothing so far. What's the idea?  We could... No, go to Neil. I don't feel well. You never feel well. What if we just got Neil to drink four liters of milk? Yeah, okay, I'm up for that. I like milk. Like, you know, step up to the streets. It's Balacams, but it's step up to the streets. I like that, but what about instead of step up to, it's back to the future to, right? What if it's like your camera is that way instrument that you turn upside down and it goes... You know when Spider-Man 3, when he's walking in the street clicking away, let's do that. How many have you seen Twins? I've seen Gemma. I've seen Sarah and Kate Brady. Um, Object, Battle of the Camps, everyone gets a sword. Have you ever got a sword's pavilions? Um, I'm thinking like a back to the future kind of thing, yeah? Uh, yeah. Have you ever seen Twins? Yes, and then what we can go into... Guys, you've been talking about nothing for like a minute and a half. What is the criteria? Battle of the Camps 2019 is this week, and we have three criteria to give you. You need to fit into your videos that you are going to be making over the next five days to be submitted before midnight on Friday. That's right, guys. Battle of the Camps is starting right now. Time to watch this video. Battle of the Camps is starting. Get making your stuff. So, we have three criteria that have to be in your video for it to be counted. So, the first one is, your video has to contain a spoon. That's right, your video has to have the object of a spoon in it. Second note, what's that? Well, it is of course a cinematic device, and this time around it is a point of view shot that is from the eyes of the character. So make sure to include that at some point in your video. And finally, Ross. Finally, the last piece is, your video has to contain the line of dialogue. I can't believe you've done this. I can't believe you've done this. That's right, it has to contain that line. As long as you have those three criteria, your video will be counted. Next week, we're going to be having a screening night where we go over all the videos, watch them together, we have some pizza, have a good time, and we give it some award. Some award? You have a winning video. So if you need any help, make sure to post on the DCUTV crew page or message one of the two of us, Overcooked Ross McCartney. See you around.