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[Music] and robert sent us a question just prior to the uh webinar earlier this afternoon around three oclock i think maybe a little bit earlier but in any case roberts question was i have been trading the spx and im interested in the purpose of the am options i understand how the monthly am options work next day reconciliation of spy component prices establishing the set price and what that means of course if youre not familiar with that is that the regular third friday expiration for spx are am settled that means the last time you can trade them do any adjustments close the positions is technically thursday before four oclock when the market opens essentially you cannot trade the options anymore its the settlement price in the am of where the 500 stocks on s p stood and that price is the closing price as you mentioned the set on uh yahoo finance the set price and so forth is where it ends but as its calculating for that first 10 12 15 minutes on friday morning you cant do any
