Hey, man, so keep your place there in Leviticus chapter 2. We're going to be looking at this entire chapter this evening. So we're looking at the second sermon in the sermon series, the offerings tonight. We're looking at the meat offering tonight. All right? And what's the goal of this sermon series? So the goal of the sermon series is two things, really.  But what we're going to look at is two things in each of these offerings. The first one is to show you how, you know, this comment that I always make during sermons that the Old Testament is pointing to Christ, to prove that to you, to show how all of these things in the Old Testament are really pointing to the Messiah, pointing to Jesus Christ. And then number two, show how these offerings, even these obscure things in Leviticus, apply to us today as Christians. That's really the two-fold goal. So let's go ahead and look at this next offering. Last week we looked at the burnt offering. So first of all, what is meat? Let's talk about that for a second before we even start.  It was that complete offering. The animal was killed in a certain way. You know, the blood was important. We talked about that last week and then how the whole animal was burned and offered unto the Lord. So it was something that was alive that was made dead in that sacrifice to the Lord. In the meat offering, we have a different type of offering here. Meat doesn't mean like beef or steak in the Bible. Meat means like food, like things that are grown from the ground. Basically is what meat means. That's why we see flour, things that come from, you know, wheat from plants and also corn in the meat offering. So meat just means kind of food that is grown from the ground. That's what the word meat in this context in the Bible means. All right, so let's look at Leviticus chapter 2. Let's look down at verse number 1 and let's find out what this meat offering is all about. Let's read through a few verses here together and then we'll look at how these things apply to the foreshadowing of Christ and how these things apply directly to us. Look at verse number 1. It says, And when any will offer a meat offering unto the Lord. So right away we get, you have to kind of get your King James mental, you know, reading going here. It says if any will offer. So this means that this is again something that you can choose to offer or not to offer. Okay, so this is something that is a voluntary offering. Any will offer a meat offering unto the Lord. His offering shall be a fine flour and he shall pour oil upon it. So now it's saying if you're going to offer this meat offering, if you're going to do this, if you choose to do this of your own free will, this is how you do it. So this is what he's going to give now is the directions very specifically about this and put frankincense there on and he shall bring it to Aaron's sons, the priest. And he shall take there out his handful of flour thereof and the oil thereof with all the frankincense thereof and the priest shall burn the memorial of it upon the altar to be an offering made by fire.  Okay, it's just not a live animal that was killed. It's offering made by fire and again of a sweet saver to the Lord. Meaning it's an offering up to the Lord through the smoke, the same idea as the incense and it's pleasing to the Lord. The Lord likes it. Look at verse number three. And the remnant, now we get into some differences between the meat offering and the burnt offering. It says in the remnant of the meat offering shall be Aaron's and his sons. It is a thing most holy of the offerings of the Lord made by fire. And if thou bring an oblation of meat offering baked in the oven, it shall be unleavened cakes of fine flour mingled with oil or unleavened wafers anointed with oil. So now he's saying you can bake it in the oven and bring it as well. And if the oblation by a meat offering be baked in a pan, it shall be a fine flour unleavened mingled with oil. So let's break down verse number three to verse number five there. First of all, the Bible here is saying that you're not going to burn all of it. The priest and his sons get some of it. Okay, we'll talk about that in just a few minutes. But look at verse number four. It's just talking about here how this flour or this bread is to be these cakes, these bread cakes are to be unleavened. They're to be unleavened and they're to be mixed with oil. It just goes into specifics about whether you bake it in an oven or whether you bake it in a pan. But again, it's whether you bake it any, it doesn't matter how you bake it. It has to be unleavened and with oil. Now turn to John chapter six. So let's look at the bread and the oil. What is the significance of this being a bread offering and with oil involved in it? Let's first look at the bread. I mean, this is an easy one, right? Look at John chapter six and look at verse number 35. John chapter six, look at verse number 35. The Bible says we're looking at the significance of why bread, why mixed flour, why make these cakes and we'll get into the unleavened characteristic of it in just a few minutes as well. But in John chapter six, verse 35, Jesus says, and Jesus said unto them, I am the bread of life. He that cometh to me shall never hunger and he that believeth on me shall never thirst. This is, of course, Jesus talking about this.   I mean, it's stranger than fiction folks, but it's in the Bible and it's happening today as well. They literally think they're eating Jesus at the Lord's Supper. Like literally, they literally think they're eating the flesh of Jesus and they're drinking the blood of Jesus. That's what they believe. That's what the church teaches. Now turn to Matthew chapter four, but Jesus is giving a spiritual application saying, I am the bread of life.   They couldn't store it up in last three days because it would rot.   Meaning, you will have eternal salvation. That's what Jesus is saying. He's like, once you trust on me, once you believe on me, you're saved. That's it. No more need for bread in your life. All you need is one time I am the bread of life. It's a spiritual application of a physical thing that happened in the Bible. And this meat offering is showing this foreshadowing of Jesus being that spiritual bread of life. Go to Matthew chapter four. Matthew chapter four, look at verse number four. Matthew chapter four, verse number four. Let's take it down another layer deeper here. In Matthew chapter four, and good thing we've already studied through John chapter one where the Bible says, you know, the word became flesh.  The Bible says in John chapter one and the word became flesh in verse number 14. The Bible says in Matthew chapter four in verse number four, it says, but he answered and said, it is written, man shall not live by bread alone, but by every word that proceedeth out of the mouth of God. So who is the word that proceeds out of the mouth of God? That is Jesus. So here we see this great analogy here of Jesus saying, I am the bread of life. I am that spiritual life comparing himself to bread. And then it's just saying, like, man shall not live just by bread alone, like physical bread, but by literally by the bread of life is what it's saying. It's saying, you know, you will live by Jesus.  There's just so many different depths of that, those two statements right there, which is why it makes it so great, but you know, here's the thing, people are like, oh, you know, man wrote the Bible. I'm like, yeah, Matthew the publican in Matthew chapter four and John the fisherman, they were just genius theologians that studied Leviticus and that's why they could make these just great in-depth connections. It's like, give me a break, right? The Bible proves itself for sure. So Jesus is that bread. So we see that the bread, the cakes is just picturing the bread of life, that spiritual application that Jesus himself compared himself to. Now how about the oil? What about the oil? So we see that, you know, there's two things that are necessary in this sacrifice. There's two things that are necessary, the bread and the oil. In the frankincense, we'll get to that in just a second, but really it's the bread and the oil. Turn to 1 Samuel chapter 10. Then there's some things that are not to be included and we'll look at those, but the things that are to be included are bread, the cakes and the oil. Look at 1 Samuel chapter number 10. So what is the deal with the oil? What is that picturing? What is that signifying in the Bible? We can do a lot of different scriptures on this. I'm just going to prove it to you with just a couple, but we're going to look at the anointing of King Saul. So the people wanted a physical king. They wanted to be ruled by a grasshopper as we talked about this morning. They're like, no, we don't want to listen to God. We want a grasshopper to rule over us. This is what God's thinking, right? He's like, all right, I'll give you a grasshopper. He's going to be a little taller than the other grasshoppers, but he's a grasshopper all the same, all right? If you don't know what I'm talking about, refer to the sermon from this morning. 1 Samuel chapter 10, look at verse number one. Then Samuel took a vial of oil and poured it on his head, talking about Saul and kissed him and said, is it not because the Lord hath anointed thee to be captain over his inheritance? When thou art departed from me today, when thou shalt find two men by Rachel sepulcher in the border of Benjamin at Zelsa, and they will say unto thee, the asses which thou went to seek are found, and woe thy father hath let the care of the asses and sorrow for you, saying, what shall I do for my son? So he's thinking, he's telling him what to do after he's anointed him here, verse three. Then shall thou go on forward from thence, and thou shalt come to the plain of Tabor, where they shall meet three men going up to God to Bethel, one carrying three kids and another carrying three loaves of bread and another carrying a bottle of wine. They shall salute thee and give thee two loaves of bread which you shall receive, thou shalt receive of their hands. After that thou shalt come to the hill of God, that there is a garrison of the Philistines, and it shall come to pass when thou art come dither to the city, that thou shalt meet a company of prophets coming down from the high place with a sultry, a tabaret, and a pipe and a harp before them, and they shall prophesy. And then look at this in verse number six. And the spirit of the Lord will come upon thee, thou shalt prophesy with them, and shall be turned into another man. So we see here that the oil anointing is connected with the spirit of the Lord coming upon Saul. This is exactly actually turned to Acts chapter 10. This is exactly what Matthew chapter three describes when Jesus is baptized and the Holy Spirit comes down upon Jesus. What does it say? What is the significance of the Holy Spirit coming down upon Jesus?  It doesn't mean it was a bird.  It wasn't a dove. It was just signifying how the Holy Spirit came down to Jesus. But it was an anointing. Look at Acts chapter 10, and Paul describes it this way. He says, how God, in verse number 38, how God anointed Jesus of Nazareth with what? So Saul, I'm sorry, was anointed with oil and that signified the spirit of the Lord coming upon him. And Jesus also was anointed Jesus of Nazareth with what? With the Holy Ghost and with power. Who went about doing good and healing all that were oppressed of the devil for God was with him. So the oil in the meat offering signifies the presence of the Holy Spirit. It signifies, literally it signifies the anointing of Christ. I mean, it's such a beautiful comparison there. Go back to Leviticus chapter number two. Go back to Leviticus chapter number two. Verse number six, the Bible says, thou shalt part it in pieces and pour oil thereon. It is a meat offering. And if thy oblation be a meat offering, bacon in the frying pan, it shall be made a fine flour again with oil. And thou shalt bring the meat offering that is made of these things unto the Lord. And when it is presented unto the priest, he shall bring it unto the altar. And the priest shall take from the meat offering a memorial thereof and shall burn it upon the altar. So it's saying he shall take a part of it and burn it upon the altar. It is an offering made by fire again of a sweet saver unto the Lord. But verse number 10 is this is what differs from the burnt offering. It says, And that which is left of the meat offering shall be errands and his sons. It is a thing most holy of the offerings of the Lord made by fire. So the point is, is that this offering is not a complete offering like the burnt offering was. Part of it was literally to sustain or to be for errand and the priest. So just all that to say this, God provides, you know, He provides sustenance. He provides things for the priest, for the man of God. And that's what he's doing here. Look at verse number 11. Look at verse number 11. Now we get into a little bit of a obscure part of the thing that I want to take a few minutes and explore. But now we know what the meat offering has. But in the frankincense, I'm not going to get too much into the frankincense. But obviously that was one of the gifts that the wise men brought to Jesus. So that again signifies Christ. It signifies the royalty, the kingship of Jesus as He was given this spice at His birth. Or at His, not at His birth, I'm sorry, at His youth or whatever you want to call it. You know, when He was just a year or two old. Look at verse number 11. Now we get into some details about what is not to be included in the meat offering. And I want to explore that just a little bit. It says no meat offering which ye shall bring unto the Lord shall be made with leaven for ye shall burn no leaven nor any honey in any offering of the Lord made by fire. So the leaven is a little easier one. We're going to go there in a minute. But I want to just look at, you know, this idea of why, why not burn honey? Why not have honey with this? It's basically saying don't bring honey to this meat offering. And really what I want to kind of explain to you tonight is, and you know, this might be partly my opinion, my study, what I think this means. The Bible's not super clear on this. You kind of have to look up, you know, what the instances of honey in the Bible, what it means and all that. But this is a good example of why to really stay away from commentaries on the Bible.  And it's really, when you read stuff like that, it's really people trying to sound smart and sound like, well, the culture of the day is that, you know, honey, you know, was sacrificed to the gods and, you know, Diana or whatever. And it's like, well, the Bible doesn't tell us that. You know, if this is a doctrine, I mean, this is a doctrine is what we're talking about here. Leviticus chapter two is literally a doctrine for the children of Israel to follow during this offering. So if it's a doctrine, I have to believe that the Bible would be a little bit more clear about that, and like, we don't have to take the culture of the day, you know, into the Bible should be able to answer for us why there's no honey in this offering. So first of all, go to, let me show you a couple things about honey. So honey is in the Bible and it's always, it's pretty much always used in the same type of context. Let me give you a few examples and then I'll tell you why I think that honey was not to be in this offering. Okay, so first of all, turn to Deuteronomy chapter 32. Turn to Deuteronomy chapter 32 and look at verse number 14. Look at verse number 14 of Deuteronomy chapter 32. Actually, I think I wrote this down wrong, but the point is, okay, go to Psalm chapter 119. Psalm chapter 119. The point is, is that the Bible describes the promised land as a land flowing with milk and honey. Okay, so honey is, is, when God was going to give the promised land as great blessing to the children of Israel, honey was one of the ways to describe how good that blessing was. That it was flowing with milk and what? Honey, that it was just, it was, it was the goodness of that blessing is one of the ways that it was described. Now the Bible says in Deuteronomy, I thought it was 32, I think it is but I'll find it in a minute, that the manna that was given by God from heaven tasted like honey. All right, now I thought it was Deuteronomy chapter 32, but I guess I could be wrong there. I thought it was Deuteronomy 32. Anyway, so God brings, the people complain they don't have enough to eat, so God gives this, this bread from heaven, this manna from heaven to the people and it literally tastes like honey. It's kind of like when I think of it, it's like that honeycomb, you know, cereal or whatever. It's like bread that tastes like honey. It's like a sugar cereal. That's kind of what it sounds like, it tastes like, that's what the Bible talks about. So it is something that is sweet, it is something that is a blessing given from God to the people again, just like the promised land and it's described as being good by the word honey. The manna is described as being good by the word honey. It's sweet, people like honey, it's a good thing. Now I'm going to Psalm chapter 119. Did you go to Psalm chapter 119? Look at verse, in Psalm chapter 119, look at verse number, let me go there myself. Look at verse number 103 of Psalm chapter 119, where the Bible describes something else with the word honey. In Psalm chapter 119, you already know where I'm going with this, is a chapter in the Bible, it's the longest chapter in the Bible and all it is talking about is God's word and the love for God's word. Okay, so look at verse 103 of Psalm chapter 19. It says, How sweet are thy words unto my taste, yea, sweeter than honey to the mouth, comparing the goodness of God's word to what? To honey. So honey, what am I going with all this? Honey is a representation of blessings from God and how good they are. That is how honey is used in the Bible. So what is, we have to kind of ask ourselves, what is the meat offering? What is the point of the meat offering? So the point of the meat offering is it's a free will offering of the fruit of your labor, of what you've grown, what you've produced and just basically the blessing that God has bestowed on you for the fruit of your labor. And I believe that God put no, you know, said don't put honey in there because just because you are sacrificing some of the fruit of your labor, it doesn't mean that the fruit of your labor is not sweet and not good. So God is saying keep the goodness. He's saying keep the goodness, you know, don't, you don't have to give the goodness back to me. So I mean, what's the application of this? The application of this is you can be thankful and you can give offerings to the Lord and still enjoy blessings from the Lord and still enjoy the goodness of those things. God doesn't want the goodness. He's like keep the goodness, but he wants to know that we are willing to offer, you know, the fruit of our labor to him, the first fruits of our labor to him in everything. So God has blessed us with much goodness in our lives and he wants us to keep the goodness. He wants us to have that goodness, but we should be willing to offer to the Lord, the fruits of our labor. All right, that's what I think it means. Honey is basically talking about everywhere in the Bible, it's everything that is good from a man's wife to the blessings coming down from heaven to God, you know, and where does your wife come from? Well, God gave her to you. It's all things that God has given you and honey is used to describe how good those things are. So don't put honey in the meat offering, don't put honey in the sacrifice that goes up to the Lord. God's like keep the good, keep the good for yourself. I want you to have good, but I want you to be able to willingly sacrifice to me. That's what I think it means.  Honey is just, is picturing the goodness of God's blessings and God is saying, you know, you don't have to give the goodness back. Just, I want to know that you'll sacrifice to me. You keep the goodness. What about Levin? What about Levin? Turn to 1 Corinthians chapter 5. 1 Corinthians chapter 5. So don't burn the honey. I mean, it's practical too.  So there's practicality there as well. But look at 1 Corinthians chapter 5 and verse number 6. Again, the No Levin is picturing Christ. This is exactly like, you know, you're supposed to have an animal with no blemish. This is the Passover, the Lord's Supper, the unleavened bread. Why? Because Levin pictures sin in the Bible. This is another one that commentaries will just lead you terribly astray. Levin pictures sin in the Bible. That's, I mean, I don't know how people miss that. But Levin pictures sin. Look at 1 Corinthians chapter 5, verse number 6. Where we're talking about somebody who is in fornication in the church is to be put out of the church. In verse number 6, the Bible says your glorying is not good. Know ye not that a little Levin, Levineth the whole lump. He's talking about sin here. In this specific case, he's talking about the sin of fornication in the church. But he's saying you can't have them in verse number 11. He gets into specific sins that can't be in the church. But he's talking about sins in the church. And he's saying, why can't, well, why not? We just tolerate everything. He's like, the reason you can't tolerate anything is two reasons. First of all, you want people to get right. Second of all, we can't have people in the church that are in fornication and then try to preach against fornication. It's not going to work because everybody will go into these sins. Because everybody will just, the sin will spread throughout God's people. A little Levin, Levineth the whole lump. Just like yeast, you know, it's spread. Levin is yeast. It's what makes the bread rise. So there is no Levin in this offering, meaning it should be a pure offering. And of course, Jesus was without sin. Jesus being the bread of life that this pictures in Leviticus chapter two is without Levin. He's literally without sin. That's why it has to have no Levin in it because it pictures Jesus Christ. I don't know how people miss that. And again, just like the water to wine, like Jesus is going to make a bunch of wine with Levin in it or yeast in it. It just makes no sense. It just shows that people don't understand how pure the Bible is in all its doctrine as it goes down to the last detail. Go to Leviticus chapter two and look at verse number 12. Look at Leviticus chapter two and look at verse number 12. It doesn't picture corruption. It doesn't picture sin in the Bible. It's clear and simple. That's what Levin refers to. And Jesus was without sin. He's that bread of life. So this offering of bread and oil of Jesus Christ anointed with the Holy Spirit is without sin. No Levin. Look at verse number 12. The Bible says, As for the oblation of the first fruits, He shall offer them unto the Lord, they shall not be burnt on the altar for a sweet savor. And every oblation of thy meat offering, thou shalt season with salt. So again, He's talking about, you know, if you bring the first fruits, we're not going to burn those on the altar. Again, just showing that God doesn't want your leftovers.  But verse number 13 introduces something different. And this is very important to us today. And every oblation of thy meat offering shall thou season with salt. Neither shall offer the, shall thou suffer the salt of the covenant of thy God to be lacking from thy meat offering with all thine offerings, thou shalt offer salt. So now we see something else needs to be put onto the meat offering. And that is this idea of salt. Go to Colossians chapter four. So the idea of salt in the Bible is very important in Leviticus chapter two and verse number 13. And it applies directly to us. Look at what the Bible says in Colossians chapter four and verse number six. The Bible says this in Colossians four and verse number six. It says, let your speech be always with grace. And then look at this. Seasoned with salt, that ye may know how you ought to answer every man. So now we see that not only is this meat offering to the Lord to have salt put on it, which clearly pictures something. So let's figure out what that is. But we see that the New Testament is telling us in the letter to the Colossians that our speech the way we talk should be, should have salt in it, should be seasoned with salt. So I mean just, let's just apply that.  You know, what is salt? Salt, not only is it good for taste, not only is it good for taste, we probably take it for granted. You know, in the United States, the value of salt, you know, since everything that we have is refrigerated and, you know, we don't have to preserve anything. But salt is super valuable. Look, wars have been fought over salt. And it's so valuable because it has a preserving power for food. I mean, you literally put salt. I mean, I brought an example for you here.  It's not refrigerated and it will last is what I like. I like the Jack Link's beef and cheeses here. And it literally will not expire for a year and a half. You say, how is that possible? I'm not saying this is good for you. But how is it possible? It's possible because of salt.  Because even today, the only way to stop that meat from rotting from decaying is to season it with salt. So the point is salt has a preserving power. And that's what it is picturing in this offering. It is literally talking about the preserving power of this offering. It stops the rotting. All right, now, what did Jesus do? Turn to Matthew chapter five. Turn to Matthew chapter five. Literally, Jesus stops the rotting of mankind. You can look at it that way. Jesus literally preserves us through passing us from death to life. And we're preserved what? We're preserved forever.  You're not preserved for a year or for two years. You're preserved forever through Jesus Christ. So that's why that salt, that's what that salt pictures as the coming Jesus. Now, the salt also pictures something for us as well as we saw in Colossians chapter four. Jesus himself also told us that we need to be salty. Look at Matthew chapter five and look at verse number 13. So mainly this salt pictures this preserving power. And look, salt, because of that, salt has a lot of value. Could there be, with this being said, let's read this verse and then let me just ask you a question that I don't want you to answer, but I just want to get you to think about something. The Bible says either the salt, but if the salt has lost his saver, wherewith shall it be salted? It is then for good for nothing, but to be cast out and to be troddened under the foot of men. So the Bible here is saying that the Christian, he's talking to the disciples of which you should be, by the way. He's saying you're the salt of the earth. So what are we to salt? We're supposed to have speech that is salty, but what am I to salt? Well, what salt of? You're the salt of the earth. What this means is that it is the disciples. It is the followers of Christ. It is the saved believers that are there that they have the job of preserving the earth. That's what Jesus is saying. And he's saying, he's like, that's what you're supposed to be doing. Look, that is the valuable thing. So could there really be a Christian out there that is depressed and thinks that they're worthless? I mean, I suppose there could be, but would that be right? That would be completely wrong because Jesus is saying you as a saved believer are literally the salt of the earth. You are literally the one that is in charge, that is charged with preserving the people of the earth. He's saying if you're not doing that, he's like then, you know, you don't have value as a Christian, but why wouldn't you do that?  And look, that's for people in the world. That's not for us. Why? Because we're the salt of the earth. That's why. What are you supposed to do? You're supposed to go out and preserve the earth.  We are supposed to go out with our salty words and show people how to receive that free gift of eternal life, which preserves them forever. There's no reason that any Christian could say I'm worthless or I'm not valuable or whatever. It is the preserving, we have the preserving power of everlasting life. This is, it's a lasting promise. That's whenever you see this phrase in the Bible, a covenant of salt, it means it's a lasting promise. It means it is a promise that will never pass away. Go back to Leviticus chapter two. Leviticus chapter two, look at verse number 14. Leviticus chapter two, look at verse number 14. The Bible says, If thou offer a meat offering of the first fruits unto the Lord, thou shalt offer for the meat offering of thy first fruits green years of corn dried by the fire, even corn beaten out of full ears. Turn to Deuteronomy chapter 26. Deuteronomy chapter 26. And let's look at a couple verses here talking about these voluntary first fruits because I want to get into this a little bit more in a few minutes. But look at Deuteronomy chapter 26. Look, there's a lot here and I feel like I'm skipping over a few things. But I mean, there's a lot of detail here. All right, look at verse number one. Of Deuteronomy chapter 26. Just talking about this idea of these first fruits. The Bible says in Deuteronomy 26 one, And it shall be when thou art come into the land which the Lord God giveth thee for an inheritance and possesseth it and dwelleth therein that thou shalt take of all the first of all thy fruit of the earth. This is that meat offering which thou shalt bring of thy land that the Lord God giveth thee and shall put it in a basket and shall go unto the place which the Lord God shall choose to place his name there. Look down at verse number eight. So we're talking about bringing the first fruits. What are the first fruits? That's the first stuff. That's the first harvest. That's the good stuff. Okay, that's not the leftovers. That's not the gleaning. It's the first fruits. And the Lord, I mean, again, picturing Jesus, I won't repriege this sermon, but Jesus, God gave us the first fruits. Jesus is the first fruits. He's the first resurrection, you know, guaranteeing that we will have a resurrection. Verse number eight. And the Lord brought us forth out of Egypt with a mighty hand, with an outstretched arm, with great terribleness, with signs and with wonders. And he had brought us into this place and had given us this land, even a land that floweth with milk and honey. There's that milk and honey. And now behold, I have brought the first fruits of the land which thou, the Lord, have given me and thou shalt set it before the Lord thy God and worship before the Lord thy God. And why? Why? And thou shalt rejoice in every good thing. So there's that land of milk and honey, you know, picturing what? That it's good, that it's good from the Lord. There's that connection with that honey and the good thing which the Lord God has given unto thee. So the point is here is that God doesn't want the leftovers. He wants the first fruits of the blessings that he's given you. And you know what? You're still going to have plenty of blessings left over that are going to be good for you. That's why I know honey, okay? And look at verse number 16 of verse number of Leviticus chapter 2. And the priest shall burn the memorial of it and the part of the beat in the corn thereof and the part of the oil thereof and the frankincense thereof. It is an offering made by fire to the Lord. And of course the frankincense was one of the gifts, again picturing Jesus and his kingship. But overall the meat offering folks is, it's a willing offering. It's, you know, it's to be your first fruits. You know, first fruits are always best but it's a meat offering picturing Christ with the bread and the oil. It helps sustain the priest because it wasn't a complete offering. So God always looks out for the man of God. He always looks out for the priest. But it also foreshadows, it also foreshadows the believer's role in the spread of the gospel by the seasoning of salt. Now I'm going to prove to you how important that our speech is seasoned with salt. I really want to just dig deeper into this for just a few minutes. I want to prove how important that is to you by kind of doing the opposite and seeing does anybody have, you know, do you have any, you know, we all I think know people that we know people that they don't want to talk religion. That we know these people and maybe we've given these people the gospel once or twice, maybe even more than that. But at this point with the relationship with these people in our lives, they don't want to talk about the Bible. They don't want to hear about Jesus. They don't want to talk about anything religious. So let me just like do the negative, do the opposite of what, you know, speech seasoned with salt is. So when you are with those people, when you are, you know, speaking and having conversations with those people who are beyond religion, beyond the Bible, beyond the gospel, they're offended by the Bible and maybe you're making those, you're keeping those connections because maybe you're hoping one day they will want to know the truth. But now is the question I'm asking you. What are those conversations like? Are they salty? It's the opposite of salt. Those conversations are going to be conversations like, well, you know, how's the weather over there or they're going to be these very shallow conversations. These very shallow surface level conversations about nothing really. Sports.  I'm not going to beat up on baseball up here, but I don't watch baseball.   You know it's gone, right? There's nothing like that feeling, but that's playing the game. I don't want to sit around and eat Cheetos and talk about the draft picks or whatever or watching on TV. I mean, what in the world? I mean, I don't know why they play a home run four times. Like, yeah, it went over the fence there, Bob. I was with Jacob the other day and we went to get an oil change in between church services.  And you know what I do? Right away, right out of the gate, I'm just like, oh man, sports, football. I don't even have a TV. And that just like stops it right there.   And I don't know who's right, you know, well, I know. But the point is Jacob and I are at this oil change place and there's the TV there and we're stuck. We're stuck there. They're changing the oil in my car. There's a football game on. And look, I never watched sports. I like to play sports. I never watched sports. It's not a problem I ever had. If it's one that you have, I'm sorry. You should try to get over that. But we're watching this football game. And I was just reminded. I was just reminded of the stupidity of this. I mean, we were watching this football game and it was right where they went into the halftime break. And it wasn't like the Super Bowl so there wasn't anything inappropriate or anything. But it went into the halftime break and it's like these four guys sitting at this.  And one guy's like, well, Joe, I think what he should have done there instead of dropping the ball, he should have caught the ball.  And he's like, yeah, the thing is, you know, right here, right where the ball came and he dropped it, he should have not dropped it right there. And I'm just like, I'm telling Jacob, like, can you feel yourself getting stupider? I mean, it's maddening. But here's the point I'm trying to get. It's the opposite of salt. To sit around discussing this would make me literally insane.  It's the most temporal of things maybe on planet Earth. Probably not, but it's up there, all right? So the point is, this is the conversations that you will have that are available to you if you're not going to talk about things that matter. All you're going to be able to talk about is temporal things. That's it. It's the opposite of salt. This is why Jesus is saying, no, you need to be salty. No, you need to be salty because literally, literally, did you know that theoretically, theoretically, actually turn to Isaiah chapter 55, did you know theoretically, if we just think this thing through logically, Christianity could die? It could die. I mean, the Bible tells us that it won't and I'm going to show you that in just a minute so you don't panic. But the thing is, theoretically, if it takes Christians being salty to preserve the next generation of Christians, if everybody just stopped being salty, Christianity could die on the vine. This is how important it is that we stay salty. Now of course, the Bible says that will never happen in Isaiah chapter 55. Look at verse number 11 of Isaiah chapter 55. It says, so shall my word be that goeth forth out of my mouth, it shall not return unto me void, and it shall accomplish that which I please. And it shall prosper in the thing where too I sent it. So the Bible here is saying is that we go out and we spread the word. We go out and we preach the gospel. It will not return void. And here's the thing, you're going to go out and I believe that this is not just talking about, you know, the gospel and salvation. This is talking about, you know, the commands that God gives, say believer to actually go out and preach the gospel. Jesus is saying, if I give the commands in the Bible for people to go out and preach the gospel, there will always be somebody that does it. There will always be some profit from that.  You never, you don't ever forget that.  Look, I will sit down and I will talk to somebody about the Bible, if they are willing to listen and they're willing to have an open mind. Even if I know for sure, they're not going to get saved at that moment. Why? Because the word of God will never return void. God promises that. So it's important that we're always salty because the more salty we are, the more this promise in Isaiah chapter 55 is going to come to fruition because we need to just keep spreading that salt out there and God will take care of the rest. Look, you're going to get to heaven and you are going to see an exponential result of your saltiness. You don't see every single person that heard you preach the gospel or that they showed the video that you gave them to. You're not going to see all that. You're not going to see all the results of even the seeds that you planted. So it's great to get somebody saved. I'm not downplaying that at all. That is awesome. But don't ever go two weeks or three weeks or four weeks without getting somebody saved and being like, oh man, there's just no fruit here. No, no, no. You just don't see all the fruit. But God sees it all. God sees it all. And look, even if you're not getting those salvation at the door, you know, that's still what you're still spreading the salt. And just remember, Isaiah chapter 55, as long as the salt is out there, God will make sure that it doesn't return void. It's our job to spread the salt. If it wasn't for this promise, if every Christian stopped preaching the gospel, stopped being salty, Christianity could die on the vine. It won't because of this promise, but this just shows the value of us as Christians. That's the value of salt. It's the value of being salty. Turn to 1 Timothy chapter number six. 1 Timothy chapter number six. Look at verse number 17. I'm going to land the plane right here. What is the whole point of the meat offering? So we see that there's plenty of foreshadowing of Jesus. There's plenty of foreshadowing for us, for our purpose. There should be no Christian that is ever depressed, that ever feels like they don't have a purpose in life.   So don't sit there and just be vain and focused on yourself. Get out there and do what you're supposed to do and you will get great joy from that. Look, this is the thing that people are looking for today. What is the meaning of life? What am I supposed to do? People are 70, 80 years old. They think they wasted their whole life and most of them are right. Whereas us, we know. We know what we're supposed to do. All we have to do is do it. You know what? We can die when we're 80. We can die when we're 90.  I did what God wanted me to do.  Thou good and faithful servant. But what is the point of the offering? The point of the offering is to show thankfulness for the fruit of your labor. Look at verse number 17. The Bible says this in verse number 17. Charge them that are rich in this world that they be not high-minded nor trust in uncertain riches but in the living God who give us richly all things to enjoy. Now there's some things that you need to look at there. Look at it and it says, charge them. These people are rich right here. They're rich in this world that they be not high-minded nor trust in uncertain riches. So these people are rich but they're not to trust in those riches. So there's nothing wrong with doing well and having blessings in your life. Look, there's a lot of hard-working men and a lot of hard-working women in this church. And that is a very good thing. That is a very good example for people that maybe are starting out in life. Maybe are like, how do I prosecute this life? How do I do things? But the temptation for somebody that is hard-working and is doing well and enjoying blessings from God in this life is that they get high-minded and that they start trusting in those things. They literally start, I mean it seems counter-intuitive but it happens all the time. They literally stop trusting in the Lord and instead trust in the blessings from the Lord. So we need to be very careful as we follow the commandments of God as we follow the Bible as God puts blessings upon us that we remain, look at the last part of the verse. It says, but in the living God who give us richly all things to enjoy. So where did this rich man get his blessings? We need to be careful that we don't go out and work hard as God told us to work and just kill it out there and support our families how we're supposed to and then don't give those blessings to God. You say, well, I got up in the morning. I'm the one that showed up early and stayed late. No, everything that you have is from the Lord. Everything. I've known some very hardworking men in my life who I had a lot of respect for. One in particular when I was growing up an extremely hardworking man who told me God doesn't put food on my table. I do. It was one of the hardest working people that I've ever met in my life and maybe I ever will. But that's a fatal mistake. We need to always remember that as we go out and we work hard and we support our families and we teach our children and we do things that are harder than the world because that's what the devil's trying to do. He's trying to make your life easier. Hey, I'll take care of those kids. Hey, I'll do this. You don't have to work that hard. Let's go to 30 hours a week, whatever. You know, all these different things we need to make sure that even though we work hard it is God that allows us to go out there and work hard. And we need to always be willing to acknowledge that no matter how great we're doing everything that we have that is good is from God. And that is what the meat offering symbolizes for us. Is somebody that is they're doing it, they have those good blessings, they have that honey and you know what? They're giving the credit to the Lord. What does somebody need to do to get saved? It's got direct salvation implications too. What does somebody need to get saved? You know what they need to do? They need to be able to give all the credit for them going to heaven to the Lord. It's not like you get that brand new house that somebody gives you as a gift and you get to go up and pound a nail in it and say, look what we did together. God wants all the credit for everything that is good. That's what it takes to be saved. And that's what it also takes to be thankful in our lives. Don't ever get this idea that we are doing things and that we are successful. We are only successful because first of all, like it's God that told us what to do. It's God that told us how to do it.  He wants us to be blessed with those things. But we always need to give him all the credit no matter what. Let's bow our heads and have a word for it.


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 involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. The focus of my presentation and the focus of the Options-Doug chat channel and Discord 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. In the first is planning and I use positional analysis. I look at how traders and market makers are positioned in the options market and how those positions change from day to day to develop a thesis regarding the expected trading range and volatility for the day as well as a directional bias. The second step in my process is execution and I look at real-time order flow in Bookmap and real-time market maker hedging flow with SpotGamma Hero to confirm my thesis and first setups for entries and exits. On topic questions or comments are welcome and I will be watching the Options-Doug chat channel and Discord in the chat and YouTube for your questions and comments. Let's get started. So what I want to talk about today is very briefly economic data and events for the week. Then we'll go through our positional analysis and plan for the day and then finally talk about some setups. So first of all today of course this week the big event was the FOMC meeting announcement and press conference on Wednesday and then today there was some minor economic data that didn't seem to have much impact on the market, the durable goods orders and PMI data. Alright let's go through our positional analysis now and this is the S&P 500 ES Futures and Bookmap and before I dig into this chart I'm going to take a closer look at a larger time frame and this is the S&P 500 SPX index and this is showing just price and key SpotGamma levels and these levels are provided to SpotGamma subscribers in a ThinkScript and you do have to, there's some manual work in updating that, it takes a couple of minutes. So again this is SPX price and key Gamma levels and just to point out a few here, this is the 3800 put wall, the strike with the largest net negative Gamma that can be expected to act as support and then the volatility trigger at 3960 and that is SpotGamma's criteria Gamma flip level meaning that market makers position on the Gamma curve is negative below that level and positive above in a negative Gamma environment they have to hedge against price, trade against price to hedge their delta exposure and above that level in a positive Gamma environment they have to trade I'm sorry a negative Gamma environment they're trading with price in a positive Gamma environment they're trading against price to hedge their delta exposure and then finally up above at the 4065 level that's the call wall, the strike with the largest net positive Gamma and that can be expected to act as resistance and then also the 4000 level that's the key Gamma strike or absolute Gamma strike and that's the strike with the largest absolute Gamma and that can be expected to act as support, resistance or a magnet for price so those are the key levels that are in range for this chart today and of course now we can, we'll take a closer look and see the levels that are in play for today, we'll take a look at a one day one minute chart, again this is thinkorswim showing the same levels just zoomed in so just today is showing on the chart again a one day one minute chart and here is the SPX 3900 level and this 3917 level was noted as support in the spot Gamma AM founders note and it acted as very good support a couple of times just around 1030 and 1115, something like that and now price has finally moved up above the 3950 level and that was noted as a pivot level in the spot Gamma AM founders note and now price is heading up toward the volatility trigger so those are the levels that are in play for today and that's a thinkorswim one day one minute chart and let's take a look at book map and the same levels are shown on this chart and I have two columns of levels here and the first is spot Gamma cloud notes again provided to spot Gamma subscribers, they provide these levels for a variety of platforms and here I'm showing the levels in spot Gamma cloud notes these are updated automatically, right now spot Gamma is using a 30 point difference between ES and SPX and I calculated that at 29 points that difference so I'm showing that level just one point down here in my cloud notes that C levels column the things that both of these columns are showing are the key SPX levels there's the 3960 volatility trigger the 3950 pivot level the 3917 support level and then I'm also showing key spy levels and that's the 390 put wall key Gamma strike and it did act as support after the RTH open and then also in my cloud notes I'm showing the big round numbers in ES the zeros in the 50s alright so that's the levels that are in play for today and after a choppy morning just after 11am that maybe may coincide with the European close that the S&P 500 ES SPX spy did a final retest of the spy 390 level and the SPX 3917 support level and has been moving higher alright so that's the SPX and we'll go over go over setups in more detail in a few minutes alright let's talk about shifts in levels and there were very few for the S&P 500 the only shift higher was the shift lower actually the SPX volatility trigger shifted lower from the 4000 level yesterday to 3960 and again that's spot Gamma's proprietary Gamma flip level with market makers position on the Gamma curve negative below that level and positive above and that can act as support and resistance so we'll watch and see what happens with that level now SPX ES spy just below that level alright so that is it for the S&P 500 and then for QQQ the volatility trigger increased from 305 yesterday to 309 today and then the key Gamma strike increased from 300 yesterday to 310 today and one thing I want to take a look at the well I'm talking about the NASDAQ let's go to QQQ take a look at history here and this is showing the key daily levels for the last 10 days and just want to point out that this is confirming the bullish price action in QQQ and the NASDAQ this is the key Gamma strike notice that it has increased from 290 10 days ago gradually up to 310 today and that is bullish traders are positioning themselves at higher prices looking for higher prices and the same with the hedge wall also the call wall increasing and notice the put wall has remained the same at the 285 level alright so that is the QQQ the shifts in levels and again the increase and it's called the hedge wall here it's the volatility trigger for an index so the increase in the key Gamma strike and the volatility trigger for QQQ alright let's take a look at Gamma levels now absolute Gamma levels and we'll get a clearer picture of where these levels come from so we'll start with the S&P 500 these are absolute Gamma levels first of all they're SPX this is the zero line horizontal line and above that line that is positive Gamma or call Gamma market makers position at those strikes and below that line that's negative Gamma or put Gamma positive Gamma or call Gamma shown with the black bars negative Gamma or put Gamma shown with the teal bars and this is pretty obvious the 4000 level the key Gamma strike the strike with the largest absolute Gamma and here is the put wall at 3800 again the strike with the largest net negative Gamma can be expected to act as support and then here is the 4065 strike that is the call wall the strike with the largest net positive Gamma and that is also the short call strike of the JPMorgan collar that expires at the end of this month on March 31st alright so that is SPX now we'll take a look at SPI and for SPI 390 is the absolute Gamma strike and that's also the put wall and that did act as support today so that is the put wall and the key Gamma strike and then the 402 level is the call wall the strike with the largest net positive Gamma and one other thing that I want to point out here let's take a look at these combo levels and this is showing combined strikes of SPX and SPI the Gamma at those levels and then this is converted to an equivalent SPX number and shown on this chart and again the zero line marks negative Gamma or put Gamma below and positive Gamma or call Gamma above and recall the 3917 recall the 3917 strike noted as support in the SPOT Gamma AM Founders Note and shown on my charts and this is where that comes from that combo level and again SPOT Gamma Brent Kujuba noted that as support in the SPOT Gamma AM Founders Note and RJ asked could you explain the importance of the JP Morgan collar if any and well first of all I urge you to look back in the archives I don't know if my sessions were recorded that far back in December the I think it was the maybe the 3835 something like that that that was the short call strike of the JP Morgan collar and that acted as support so if price is a magnet for price so as if price is close enough that can act as a magnet for price so at the 4065 level most likely the SPX would be in a positive Gamma environment so that means that market makers are trading against price so in a positive Gamma environment around that strike let's say price is above that level then market makers would be trading against price selling futures as price increased and potentially bringing price back to that level and the same from below if price is close to that level in a positive Gamma environment market makers will be buying futures as price decreases tending to move price back to that strike but if price is far away let's say price is much further down 3900 3800 something like that that strike will not come into play so I think probably search in the SPOT Gamma YouTube channel and find something about that as well okay so those are the Gamma levels for S&P 500 let's take a look at NASDAQ so for NASDAQ we just look at QQQ NDX is not significant so for QQQ remember the bullish increase in the key daily levels for the past 10 days and now the 310 level is the key Gamma strike and that is again the strike with the largest absolute Gamma and the call remains at 285 the strike with the largest net negative Gamma and then the call wall at 320 strike with the largest absolute positive Gamma and I usually as usual I focus on the Gamma notional this is market makers position on the Gamma curve and this is for SPX in the left column in the middle column and then QQQ on the far right column and notice all these numbers are negative indicating that traders are long puts, market makers are short puts so they're in a negative Gamma position on the Gamma curve and they have to sell futures with price as price drops to hedge their delta exposure and as price increases they can buy back their short futures so they're trading with price to hedge their delta exposure in a negative Gamma environment and the changes in these Gamma notional levels was mixed was mixed from yesterday SPX Gamma notional was minus 79 and it shifted much more negative to minus 453 and then on the other hand there was just a minor change in SPI Gamma notional from minus 1997 to minus 1952 so it became slightly less negative and then also for QQQ yesterday Gamma notional was minus 230 today it's minus 102 so still negative but less negative and we can take a look at the Vana charts which provide a graphical illustration of what I was just talking about and this is showing market makers delta notional on the vertical axis and strike price on the horizontal axis and this green curve is showing how market makers delta notional changes with changes in price again shown on the horizontal axis as well as changes in implied volatility and that's for the current expiration and that's the Vana effect the change in delta with a change in implied volatility so again this is showing in a negative Gamma environment market makers delta notional will increase as price decreases and they have to sell futures as price decreases and then if price increases and implied volatility drops they can buy back their short futures and then the black curve is showing how their delta notional changes as time passes and that's the charm effect the change in delta with a change in time as time passes so that is SPX and we can just compare that with yesterday and see the change from fairly neutral yesterday to slightly negative to much more negative today and then here's SPI and today Gamma notional for SPI is about four times the Gamma notional of SPX so the curve is a lot steeper and then just note the very small change from day to day and then here is QQQ and again just slightly negative at minus 102 alright so that's the the Vana curve showing again just illustrating what I was just talking about all indices in a negative Gamma environment market makers position on the Gamma curve for SPX, SPI and QQQ still negative alright let's wrap up the positional analysis and planning with these key daily notes and actually we'll look at equity hub for some additional information so this is just for a quick glance and indication of some possible stocks to trade today and an indication for further investigation so what I'm showing is the key Gamma strike for all the stocks in my watch list and the far right column, the E column showing the previous key Gamma strike is the key Gamma strike from yesterday and the current key Gamma strike the D column is the key Gamma strike for today and I compare the number from yesterday from today to yesterday and I color code these just for a quick easy reference and green indicates that number increase from the previous day and I interpret that as bullish traders are positioning themselves for higher prices particularly in single stocks and they're looking for higher prices that's what they expect and that's how they're positioning themselves and that's how they're trading so the note today the increase in the key Gamma strike for Microsoft, NVIDIA and QQQ alright so just based on this I was initially just on the surface here bullish on these stocks with a caveat for NVIDIA and I'll talk about that in just a moment so maybe somebody can answer so it's Friday and what do we look for on Friday I'll give you a few minutes so Friday remember stocks, single stocks have Friday expirations and traders are there you go, Carmo trades you get the price for today call Gamma unwind so that's right so before we take a bullish stance on NVIDIA and any of these stocks really will take a look at Equity Hub and sort this list by next expiry Gamma percent and notice so the thing that I'm doing is again sorting this list and I'm looking for anything any number over 30% so it will be this will be much more an in place situation on the monthly expirations the third Friday the month but for stocks you know we can look at this every Friday so I'm typically going to look for numbers that are around 30% or higher and also the top Gamma expiry expiration date being today 324 so these are the three stocks that come in mind come into play and Netflix I just added this to my watch list today just a couple of hours ago and I if we have time I'll look at that that's on my other computer and book map on my other computer and if we have time we'll take a look at that I'll add it to my main computer book map of my main computer for Monday it's been in play and showing good price action but anyway the first stock on the list is Nvidia and we'll take a look at Netflix but then AMD so these are two stocks that I'm looking for a call Gamma unwind so the next step is to go to this this chart of the easiest thing is just to look at this composite view in equity hub and see that it's call dominated above the 275 level that is the call wall right so call dominated above the 275 level and let's just take a look at history so note there were definitely some increases in these key daily levels so if this was earlier in the week I would not even look at that next expiry Gamma percent I would be bullish on this stock like I was yesterday but today is Friday traders this 42.4% of Gamma expiring today is a strong signal in a call dominated stock to look for a short even though key Gamma strike increased edge wall increased and the put wall increased again this all depends on the day of the week alright so mixed picture on Nvidia here a lot of Gamma expiring call domination above 275 but bullish increases in these levels so the key for all these stocks is to confirm your thesis with order flow and hedging flow show that in just a minute and no changes in the key daily levels for AMD and note the this is 27% it's not as strong a case for a call Gamma unwind but there is a domination of call Gamma above the 105 strike alright so my the thesis for Nvidia and AMD and then recall the rising key Gamma strike for Microsoft and QQQ so let's go we'll take a look at Microsoft first and note there is some call domination above the 290 level but that is all out in in the April monthly expiration that is call Gamma unwind really doesn't come into play for today so that is Microsoft and let's take a look at the history for Microsoft and this is how I go through my process so again the first step is that key Gamma strike that gave me an indication to look at Microsoft closely more closely and also I've mentioned before that I go through this history for every stock in my watch list as I fill out the spreadsheet that provides the levels that I show on my C levels columns and all my charts so Microsoft here I see that the key Gamma strike increased from 270 to 280 but the call wall decreased from 300 to 280 so a little bit of mixed picture but I interpreted this as a build of Gamma and potential magnet at that 280 level so that's Microsoft and we've looked at QQQ we'll take a quick look again so we can see again the gradual increase in the key Gamma strike from 290 now to 310 the increase in the volatility trigger increase in the call wall so all bullish for QQQ and there is some Gamma expiring today for QQQ at 23% a little bit lower than the 30% threshold of watching order flow and hedging flow so bullish increase in key daily levels but a potential for some call Gamma unwind let's just take a look at the composite view and here this will confirm that that will not really be in play this is all red below indicating put dominance throughout the price range shown on this chart so not call dominated the call Gamma unwind does not come into play some setups now and again we have a thesis for the day for AMD, NVIDIA, Microsoft and QQQ and we're going to confirm all of those with order flow and hedging flow so let's go to Hero now this is the hedging impact of realtime options and this is for AMD we'll start with AMD and this is showing bearish hedging flow for those of you may not be familiar with this chart this is spot Gamma hero hedging impact of realtime options and the white line is price and the purple line is showing hedging impact of trades and market maker hedging in terms of it's a delta notional value dollar value and the magnitude of that is shown over here in the right so definitely negative delta today bearish traders are taking negative delta positions selling calls and buying puts so let's go to bookmap now and we'll go to AMD and the bearish thesis did play out in AMD so far still playing out the best move was in the morning so just as a further explanation the way this works is during the week traders have been buying calls and market maker sell the calls so they have to buy stock to hedge their delta exposure and traders typically for many stocks especially stocks that are more actively traded are buying calls that expire at the end of the week so at the end of the week those calls that are losing value due to charm they're close to expiration they're losing value market maker's delta exposure decreases they no longer need those no longer need those long stock hedges so they can sell their stock hedges excuse me just a second so they can sell their stock hedges and that is the call gamma unwind so AMD we're confirming with hedging flow and now we can here in bookmap confirming with order flow as well and there were some good setups this morning mostly with reversals at or pullbacks here to price and the 99 level and VWAP and then another pullback to VWAP with the price target at the 97 hedgewall level and so far that is acting as support so here is the 97 hedgewall notice the concentration of liquidity at that level and the 98 level so there are a couple ways to play this you could sell shares or buy a put either way and the easiest thing to do was just at the open or as soon as you could buy a put and good for a couple of two points move down so that's AMD and let's take a look at Nvidia now and let's go take a look at Hero for Nvidia and let's zoom in on the morning definitely Hero confirming the move lower again traders taking negative delta positions Hero dropping and price moves in the same direction let's go take a look at bookmap so the same deal here just you could buy a put notice you can see the reversal at the 70 key gamma strike with the 260 265 put wall hedgewall level as a primary target and intermediate targets at the 267 liquidity level 266 and again the primary target notice the highest liquidity there at the 265 level or enter at pullbacks to VWAP or close to it so far 2 for 2 with our call gamma unwind and recall Netflix was also on that list and let's go take a look at Hero for Netflix and again recall for AMD and Nvidia hedging flow did confirm the call gamma unwind let's just take a look at Nvidia and see what traders are doing so they're actually buying calls slightly but selling more puts than calls so that is that is what has been moving price lower alright so let's take a look at Netflix I'm going to zoom in a bit so kind of a mixed picture for Netflix but definitely in the morning overall bullish and let's just see what traders are doing so they're buying calls so as long as traders are buying calls and I've zoomed out all the way as long as traders are buying calls then market makers need to continue to they continue to sell the calls and they have to buy stock to hedge their delta exposure so in this situation with a positive hero this call gamma unwind doesn't happen so again we're confirming with hedging flow and order flow so if I have time at the end I'll go take a look at Netflix on my other computer let's take a look at the combined signal again so this number is positive dollar notional value alright so that's Netflix then let's go to the other stocks that were in my plan for the day so let's go to Microsoft now and that was definitely the best bullish setup that I saw today and strong confirmation with hedging flow and price action notice the slightly increasing hero with flat to slightly increasing as price drops setting up the first entry here just around 9 950 something like that let's go take a look at book map look at Microsoft and here's that first entry right around 950 kind of a deep pullback let's zoom in on that so you can see the shift in order flow here all these green dots market buy orders coming in these are aggressive buyers with market buy orders and there's a question in YouTube what does hero say about spy and I'll get to that in a few minutes alright so the first pullback there confirmed by hero and order flow the reversal around the 276 level and then pullback entries to VWAP before around 1010 to 1020 something like that and then the primary target and Microsoft is moving pretty slowly today with the primary target at the 280 call wall and key gamma strike and note the high liquidity at that level and Microsoft still can't seem to make it to that 280 level and just keeps pulling back to VWAP over and over again QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ QQ Q at book map. So you could really read this in order flow and book map a little bit easier. All these green dots coming in at a reversal higher at the 307 level by sweep shown by the small green dots and this quick jump up to the 310 key gamma strike level. I thought AMD and NVIDIA and Microsoft were much easier to plan and read both in order flow and in and hedging flow. All right so that's QQQ and let's take a look at meta now. So bearish order flow here in in meta today. Let's just go take a look at we'll take a look at heroine and take a look at equity hub. So here's meta and up until about 1230 hedging flow was definitely bearish. Falling hero price oscillates up and down but follows hero. Trainer's taking negative delta positions. Let's just take a look at at equity hub here for meta and there were some gamma expiring today 21% that is today but heavy call dominance above the 200 level and that's shown by the brighter green color here. Put dominance in red below 200 call dominance in green above the 200 level. All right let's go back and take a look at it book map. Well there order flow is definitely bearish today. Notice all the pink dots market sell orders. Price making a series of lower highs and excursions up just above VWAP several times provided good short entries. All right let's take a look at the S&P 500 now. Go take a look at spy and spy is definitely bullish today and now looks like price is still trying to make it above the 3960 volatility trigger. These are my cloud notes for spy and I'm showing the first of all the key SPX level so I calculate the ratio of SPX to spy and then I note those levels on my spy chart and then also I'm showing that every spy level every whole number and just a basic whole number showing a yellow there and then the gamma levels spot gamma levels in white with red text and a white line so that L395 is an LG2 level large gamma 2. All right so that let's take a look at hero now and let me try something I've this has not been working earlier today the S&P 500 signal and price is not working for some reason this is a combined signal of SPX spy and XSP and this is typically what I use for the S&P 500 whether I'm looking at ES futures or spy but I know spot gamma is doing some work on this this particular signal so it is price the white line for some reason is not not correct today so we'll look at first we'll look at SPX but normally again for the S&P 500 I look at that combined signal but today we'll have to look at SPX and spy separately and for the SPX this is definitely confirming the the bullish price action hero is positive so that is SPX let's take a look at spy and this is why I look at the combined signal here notice this is neutral up until about noon then bearish and this is actually pretty typical of the S&P 500 and traders will fade moves so as price starts to move up to the 39 SPX 3950 level and the volatility trigger at 3960 traders start to fade that move and most likely they're buying puts and buying calls but they're buying more puts than calls and yes that is the case so that is kind of an ominous number there 666 million positive for calls positive delta versus 1.66 billion minus 1.66 billion so like I expected they're buying calls and buying puts but they're buying more puts than calls the total total notional value is negative at minus 983 for spy let's take a look at SPX so now it's minus 102 billion and for SPX positive 9597 so you take the difference and it would be negative for the S&P 500 alright so let's go take a look at the ES now see if we can gain any additional information so this is showing I'm looking at the lines in the sub chart here showing all of these lines gradually increasing the light blue is iceberg orders these are what larger traders use to hedge their to buy to hide their size so they use these iceberg orders again to hide their size and they here they're trading with price helping to move price higher and that's also shown with these blue numbers here the on-chart indicator the blue number is showing large traders buying and the next thing is the dark blue line that's cumulative volume delta and that's positive and then finally the rising yellow line those are stop orders so buy stop orders so hedging flow slightly bearish but the order flow is indefinitely bullish here and it can be easily seen in book map so we know cumulative volume Delta's high stops are positive and icebergs as well and that's also shown here all these numbers are positive and here this is showing the buy stops helping to drive price higher all these small green dots and so QQQQ trader and YouTube quite the difference between spy and SPX yes that's why I like to take a look at the combined signal instead of looking at each separately and and combining them for myself but anyway this is what it is this is what's driving price large traders with iceberg orders other all traders with stop orders maybe real to retail traders and then also aggressive buyers shown with the green dots and the cumulative volume Delta all right let's let's wrap it up we'll take a look at Tesla and then we'll call it a day in a week so Tesla has been kind of all over the place recently not as easy to trade as some other stocks let's take a look at hero for Tesla so there's Tesla overall overall in the morning negative negative hero and then shifts to bullish traders taking positive Delta positions some were starting around 1130 so as usual with Tesla there's a very strong correlation between hedging flow and price action let's go back to book map so there's Tesla all right that is all that I have for today and RJ asked do I ever look at multi-day hero for example with Tesla and I do occasionally so what RJ is referring to is the the history in hero with the latest update now SpotGam is providing five days of back history in hero and I if I'm doing a review over the weekend I may look at that that five last five days but typically I don't typically I'm just using the default settings for hero which is the total total signal calls inputs one day look back period for today okay again that's all I have I want to thank everyone for watching thanks for your questions and comments have a great weekend and I will see you on Monday thanks again bye


A fiery horse with a speed of light, a clod of dust, and a hearty hyo silver. The lone ranger. With his faithful Indian companion, Toto, the daring and resourceful masked rider of the planes led the fight for law and order in the early western United States. Nowhere in the pages of history can one find a greater champion of justice. Return with us now to those thrilling days of yesteryear. From out of the past come the thundering hoofbeats of the great horse Silver. The lone ranger rides again. The Billings gang were known throughout the western territory for their ruthlessness and daring. Dirk Billings, the leader of the outlaw gang, planned things well. So that in spite of their daring, the gang managed always to elude the law. It was in broad daylight that the Billings gang held up the Redville Cafe. Reach everybody, listen to the hold up. Hey, it's the Billings gang. Yeah, the sheriff's right in here. All right, get their gunsmen. Sheriff, do something. They won't have a chance to get away. Don't worry. Oh, you think that? All right, men, have your guns.  You, like I said, it will start shooting. All right, throw your boots into a pile in the center of the cafe. Hurry it up. Stand up while a couple of my men mix up those boots. All right, Luke, Fred, scramble up those boots while the rest of you get their wallets. I said before you won't have a chance to get away. But I mean it. You'll take them an hour to find the right boots. By that time, we'll be plenty far away soon. And it was also broad daylight when the Billings gang held up the express train outside of Rock Hill. Take it, take it, please. All right, Luke, here comes the conductor now. Get ready. All set. You think the others are where they should be? Yeah, Fred and Red are up on the other coach just behind the express car. There's Lou and Jacob near the door of this coach. Here he comes. Take it, please. All right, never mind the tickets conducting. Pull the cord up there and stop the train.  No funny business. There are two more men with guns up there near the door. Listen here, you can't get away with this. Stop the train or you'll get a bullet. Well, I guess I'll have to. Be the right signal. The train's coming. Ah, give me your coat and that conductor's hat. Now, Luke, you can't go with me. Shut up and make it fast with that coat and hat. Yeah, you're there. I want a seat there. All right. This will keep you quiet. We're sitting all up. I'll put this coat and conductor's hat on, Luke, then walk up to the engine and settle things up there. The others are getting to the express car. Yeah. Well, I'm ready. We're going to get a little bit of space here and up front to the engine. We'll uncouple it and use it to get away. It was a few days after the train robbery that the Lone Ranger and his Indian companion, Tonto, rode the trail toward Rock Hill. Billings and his outlaw gang must be hiding somewhere in the vicinity, Tonto. I heard the engine was found just a few miles away from where the robbery took place. Ah, well, that's right. Billings used clever way to keep them being followed. He's clever, all right. Well, the cafe hole up in Redville wasn't any laughing matter. The method Billings used to delay the share from the many rob was funny. Well, me here men have plenty hard time finding right boots. So far, no one seems to be able to get on their trail. Look, Tonto, there's a good place to pitch camp. That clearing to the left. Ah, that's right. We'll head for it. After we pitch camp, you can help me fix the disguise. Then we'll go to the cafe in Rock Hill and see if we can get any news. Come on. Get them up, Scout. After getting settled in their camp, the Lone Ranger and Tonto worked for some time on a disguise. Finally, it was finished to their satisfaction and the Lone Ranger appeared to be a nondescript ranch hand. Isn't he good, Kimusami? Yes, thanks for the help, Tonto. I'll just ride to Rock Hill and see what we can find out. Easy, big foot. Easy, big foot. Get them up, Scout. A short time later, the Lone Ranger and Tonto arrived in Rock Hill, leaving their horses in a place where they wouldn't attract attention. They went to the cafe. Nothing for you, mister? Not now, thanks. We're waiting for someone. Just as you say, Texas. And wait on me again, same thing. Right. Hey, seems like I saw you someplace before. You ever been to Redville? If I have, it's none of your business. Just give me what I ordered and forget the questions. Sure, I was just asking, that's all. There you are. Mm, fun to see mighty touchy. Yes. Strange, a simple question like that affected him so much. There. Next time, don't be so nosy. Might get you into trouble. Sure seems to get plenty riled when I ask him if he'd been to Redville. Yeah, so unnoticed. Are you from Redville? Yeah, I was working in the cafe there when it was held up. Quit and come down here to work a short time ago. I see. Come on, Tonto, we'll come back here later. Ah, here we come. There goes the man who was so touchy. Ah. Why we leave the place, Kimosani? Because it struck me that that man's strange attitude and the fact that the barkeeper is in Redville at the time of the building's hold up might have some connection. Oh, he's savvy. You think maybe him one of Dirk Billings' gang? Could be. Ah, I'm going to follow him, Tonto. You stay here at the cafe until I get back. Ah, you wait. Listen. Good. I won't be gone too long. Adios. Adios. Here's your silver stick. One silver. Meantime, inside the cafe, Fred and other of Dirk Billings' men had been sitting at a table in the rear as Luke left, he watched intently as the stranger and the Indian spoke to the barkeep and then followed Luke from the cafe. Fred quickly got up and let out the back door after signaling to another man at a nearby table. What's up, Fred? What are you coming out the back way for? Listen, Luke, I was watching Luke when the barkeep said something to him that made him get riled up. When he went out, a stranger and an Indian seemed to question the barkeep and they followed Luke. They'd only just come in, too. Yeah, do you think... Wait a minute, Fred. What's the matter? They caught a glimpse of someone alongside the building. We pulled back just in time. There he goes. That's the stranger I told you about. Come on, we'll get our horses. Get Leather quick. I figured that armory's following Luke. We'll take a shortcut at the creek and wait there on ambush until he gets there. Get on and get it there. For some distance, the Lone Ranger followed Luke the outlaw. Finally, he came to a shallow creek and drew rain. Oh, easy. We've lost a trail in that shallow water. Easy, Silver. I made sure we weren't followed, but from the way you're acting, easy, Silver. Creeks, butters, don't turn around. Better make it fast, too. Two of them would have gotten ambushed. All right, I'm a reaching. Where do you think you're going, mister? That's my business. Yeah? We know you were trailing a friend of ours. Here he comes now. You must have heard that shot. Hey, Luke, come here. Who's this, Humbrifred? He was with an Indian in the cafe. We saw him question the barkeep after he left. Then they went out. You know where the Indian went? No, we didn't see him leave. You were following me, huh? Maybe I was. We got three guns pointed at you, Savvy. I got a feeling you're trying to buddy into something you'll be sorry for. Could be. What's more, there's something suspicious about you. Riding a fine stallion like that and having such fancy gear and all.  Yeah, and I bet Durkin like I have him too. Hey, Luke. I don't know who Durkin is, but he won't get my horse and gear. Smart, Humbrifred, aren't you? What were you following Luke for? I haven't said I was following him. Well, we know you were, and we're going to find out. Ah, let's plug him and be done with it. Yeah, we might as well. Maybe you found out something. Maybe I'll follow Luke to have a talk with him. Why would you want to talk to me? Well, I could be mistaken, but you look to me like the type of Humbrifred that might come in useful if you weren't too finicky about the law. Yeah, wait a minute. What's he driving at? I'm beginning to get an idea, Fred. Maybe now I got an idea where an Humbrifred like him would get a stallion and gear like he has. You catch on quick, Luke. And look, are we going to sit here in the saddle all night and let this coyote talk? Hold on, Lou. Now, look here, mister. Yeah? You say you wanted to talk to me because you might have something you were going to do that the law wouldn't like? That might be it, Luke.  Give me a chance and I'll show you. Luke, you gone local? Oh, no, I just got an idea.  Considered? That depends on the gang. Suppose it was the Dirk Billins gang. What then? I'd sure like to meet Billins. All right, then we'll take you to meet him. Hey, Luke, do you think that's a good idea? How do you know you can trust this, Humbrie, Luke? I don't yet. Take his guns, Fred, while Lou and I keep him covered. All right. I got him. Hey, plenty fancy guns, too. You seem to be doing all right for yourself, mister. What do you call yourself? You can call me Tex, if you like. Yes, I can put my hands down now, huh? Sure. All right, Tex, you're coming along with us. Don't try to pull a fast one. It wouldn't be good for you. Come on, I'll take you to see Dirk Billins right now. Get him! The curtain falls on the first act of our Lone Ranger story. Before the next exciting scenes, please permit us to pause for just a few moments. All to continue our story. After being stopped by the guns of the three Outlaws, the Lone Ranger talked Luke into thinking he, too, was an Outlaw. And finally, as he had hoped, Luke offered to take the Lone Ranger to meet Dirk Billins. First taking the masked man's guns, the Outlaws started out with him, riding along in the shallow creek for some distance. Then they finally turned off and headed along a trail into the hills that led to a shack hidden in a hollow. They stopped there and dismounted it. All right, Tex, come on in. His name is Tex. I brought him here to talk to you about joining in with us. It was Luke's idea, Dirk. Yeah, it was.  Look at these fancy guns he was carrying. The first time I ever saw guns like these, Missy. Where did an hombre like you get guns like these? They belong to me now, so what difference does it make? That's his way of saying he stole them, I reckon. So you think you want to join my gang, Tex? That's what Luke just told you, isn't it? Yeah, that's right. But I don't take any hombre who comes along into the gang without knowing something about him. Maybe I don't want to talk about myself, Billins. One thing I will say, you sure are nerdy. Well, from what I hear, I couldn't say the same about you. He's big enough and tough enough. I'll say that much for him, too. Maybe. But before he gets back his guns, he's going to prove himself. Yeah, what way? After we eat, we're going to Rock Hill and hold up the cafe, savvy. Well? You won't have your guns, I'll carry them. When we hold them up, you'll be the one who'll go around and take their wallets after Fred gets their guns. You've all be given me much of a chance to protect myself. Well, we'll protect your Tex.  That's sure a good way to find out about Tex. If he takes some money from everybody, they'll know he's really one of us, then, Tex. Yeah, they will. As soon as we right away from the cafe, Tex, after you do what you're supposed to, I'll give you your guns back. I'll be glad to get them. Hey, what happened to that Indian you had with you? He didn't fit into my plans, Luke. Well, you're willing to go along with us to the cafe and do, like I said, Tex. I'll go along with you whenever you're ready. Good.  Back in town, Tottle waited patiently for the Lone Ranger to return. After an hour had passed, he left the cafe and went to the place where he had left Scout. Oh, wait a long time, Scout. The Lone Ranger not come back yet. Maybe it better we go to camp and wait. Easy, Scout. Easy, fella. Get him up, Scout. Darkness had fallen and a bright moon was shining when the outlaws with the Lone Ranger left the shack and went to their horses. You don't want to back out of it, do you, Texan? Oh, I don't. I guess he's proven already that he's all right, Dirk. I'll tell you about that after the whole... See, that sure is a mighty fine stallion you got there, Texan. All right, Tex, hit Leather and right up here with me. All right. Easy, big fella. Let's get moving, man. Red and Jack are already at the cafe, waiting and keeping their eyes skinned. Get up there. Arriving at the camp, Tonto had prepared supper for himself. Then he settled down to wait for the Lone Ranger. As time went on, he became somewhat concerned and sat listening intently for the welcome sound of Silver's hoofbeats. Finally, he got to his feet as the distant sound of many hoofs came to his ears. Many horsemen ride slow along the trail to town like Silver. Blow from us to them. If Silver with them, it's easy for him to get sent to Scout. Strange. Maybe we'd better follow and make sure. Come, Scout. It's not easy, fella.  Dirk Billings and his men, with whom the Lone Ranger was riding in disguise, reached the edge of town. Dirk called the halt. Hello. Now, here's the plan. We'll ride over the cafe and dismount. Red and Jack will be inside near the bag. As soon as we get inside the door, I'll give some warning shots to get the crowd's attention.  You gonna watch Texter? You bet. I'll be watching him close. Red, you and Lou will collect the guns. And Texter go around while we cover everybody and collect the money and bring it to me. You savvy that, Texter? Yeah. All right then. Let's get going. Get up here. As Dirk Billings and the gang, with the Lone Ranger, left the outskirts and started into town, Tonto, who had ridden behind them, stopped his horse Scout in the shadows and watched them for a moment. Oh, Scout. Oh, fella. Oh, fella. I'm riding to the cafe. We notice Lone Ranger not have guns. That means plenty trouble. Maybe better me get Sheriff. Get him up Scout. Oh, Scout. Oh, fella. Oh, Jesus, Scout. Once more, Tonto stood for a moment and watched as Dirk Billings and the gang reigned to a stop before the cafe up the street. Then the Indian hurried up the steps of the porch and entered the Sheriff's office. You get men. Come quick to cafe. Why? What happened at the cafe? It not happened yet, but it happened soon. Huh? I don't say a thing. Gang just come to town. We think at Billings Gang. We think them hold up cafes. Huh? How do you know it's Billings? You not waste time. Get men quick. Look, all day long, crazy galutes come in here with local stories about where the Billings Gang might strike next. Why should I believe any Indian that comes in? No, wait, wait. You know, man, that use bullet like this. Oh. Oh, silver bullet. By thunder I know of a master, Ambrie, who carries them. He rides with an Indian, but... Your name? What is it? Me, Tonto. Then you're the one who rides with him. Guess you must know there's trouble brewing. Where's the masked man now? Him with gang that go to cafe. Him not have guns. Well, that... Then make him go, maybe. Him trying to catch gang. You get men quick. Right. I'll get my debit is and we'll get over to the cafe, Tonto. When the lone ranger rode up the main street with the outlaws toward the cafe, thoughts had raced quickly through his mind. He felt sure that Tonto was still waiting in the cafe. It was this thought that had caused him to accept Dirk's plan without protest. In hopes that with Tonto's help, he could turn the tables on the outlaws once they were inside, even though Dirk had his guns. Then in front of the cafe...  All righty, Dirk. You wanna make him take off their boots like before? Yeah, after Tix collects some money from him. All right, let's go in. As the lone ranger walked in beside Dirk, he hurriedly glanced around for Tonto. Then momentarily, his heart sank. Tonto wasn't there. He knew now that he was on the spot and would have to do some fast thinking to get out of the situation. There's Dirk Bellinson, this guy. Look, one of them hasn't got a gun. Hold it, that's where he is. The rest of us have guns and are ready to use. Red, you and Luke get everybody's guns. Right. Come on, Luke. Yeah. That hombre near the door was in here earlier. Huh? Now I know where I saw him. He was with Billings at Redbill. The one without the gun was in here earlier, too. Yeah, sure. Some of us have been in here off and on all day long. We got all the guns, Dirk. Good. All right, Tix. It's time for you to do the collecting.  For a moment, the lone ranger hesitated. He stood beside Dirk and Luke with drawn guns stood behind and off to one side. Then the lone ranger took a step forward and moved quickly in front of Dirk at the same time bending and grabbing Dirk's gun on him. Now what, that gun? Dirk was taken by surprise by the sudden move and he found himself between the lone ranger and Luke. Luke couldn't fire without hitting the leader of the gang. Dirk called out. Red, gun this coyote quick. I'm getting Dirk. You don't shoot. I'll get him. Hang on, Dirk. Put it over to the police. Me and my men got you all taken. The sheriff's men at the witness man. I've got one of my guns now. I'll take the other. The hombre without the gun tried to stop the hold. Yeah, I thought he was with him. You all right, chemist hubby? Yes, tunnel. Nobody's getting me. I'll shoot my way out. No, you don't. Oh, my leg. That's a lie. One quick shoot. How folks sure is back. Get the guns, men. This is for you, mister. You almost got riddled with bullets from your own gang, seems like. I'm not a member of the gang, sheriff. That's right. You can tell me, tell me about sheriff. Well, I'll be. But I thought that fell all as war a black mask. Just like this one, perhaps, huh? Look, you put on a mask. I don't get this at all.  You had a good chance, but for some reason, you tried to spoil it. You're hard to convince, Billings. You just heard me say I wasn't a member of your gang, and I'm not an outlaw. Yeah, but that mask, look, sheriff, he was trying to join up with us. He even came to our camp today. Then he went to look over some reason. He'll learn after a while, sheriff. How do I don't know how you happen to come with us, sheriff, at the right time? Well, I was mighty glad to see you. Well, me here hoofed eats of horses go past the camp. Scout here, Silver Winnie. Me not sure, but me follow. See you without laws, and me go get sheriff. I remember Silver Winnie as we passed the camp. Well, come on, let's go. Adios, sheriff. Adios.  Looks like he sure fools you, Dirk, Billings. And caused your downfall in the bargain. If you hadn't spent so much time thinking about how smart you are, you might have put two and two together, seeing that stallion and fancy gun and riding gear. What are you talking about? What I mean is, you might have figured out that he's the ombre who's always on the side of the law. The Lone Ranger. This is a feature of the Lone Ranger Incorporated, created and produced by George W. Trendle, directed by Charles D. Livingston, and edited by Fran Stryker. The part of the Lone Ranger is played by Brace Beamer.