## Today's flow

For Oct 31, 2026, the latest published board is for Oct 30, 2026, captured Oct 30, 2026, 16:14 ET. [Read the current flow board](https://squawkflow.com/options-flow).

- NVDA Jan 15 '27 C: est. $336.3M on 151,513 contracts, captured Oct 30, 2026, 15:57 ET.
- QQQ Nov 2 C: est. $202.2M on 657,766 contracts, captured Oct 30, 2026, 16:14 ET.
- TSLA Oct 30 C: est. $193.3M on 1,056,452 contracts, captured Oct 30, 2026, 15:57 ET.

Largest estimated-premium cells from delayed option chain snapshots, published at least 15 minutes after capture. Session totals, not individual trades.

## Archived session

# Unusual options activity on Oct 30, 2026

This page is the archive of the Oct 30, 2026 session. The current board is at https://squawkflow.com/options-flow.

On Oct 30, 2026, SquawkFlow published 154 snapshots of unusual options activity, 154 from delayed options chain data (newest capture Oct 30, 2026, 16:14 ET). Chain figures are session totals published at least 15 minutes after capture; none is an individual trade.
On the page at https://squawkflow.com/options-flow/2026-10-30: all 154 snapshots grouped by kind, each with its own permalink; the boards by ticker, expiry and call or put; and a link to the Oct 29, 2026 session. The next session's snapshots post no earlier than 9:45 ET and are linked from this page.

By kind: Put/call by expiry 116, Volume vs open interest 15, Near vs far dates 11, Same-day share 10, Premium concentration 2.

## Snapshots, most notable first

| As of (ET) | Ticker | Kind | Snapshot | Permalink |
|---|---|---|---|---|
| Oct 30, 2026, 13:40 ET | QQQ | Put/call by expiry | QQQ puts expiring Nov 13 (2 weeks out) traded 10.0x the calls, vs a 1.2x median | https://squawkflow.com/options-flow/2026-10-30/qqq-puts-nov-13-2026-put-call-skew |
| Oct 30, 2026, 09:41 ET | IWM | Put/call by expiry | IWM puts expiring Nov 20 (3 weeks out) traded 29.3x the calls, vs a 1.5x median | https://squawkflow.com/options-flow/2026-10-30/iwm-puts-nov-20-2026-put-call-skew |
| Oct 30, 2026, 12:05 ET | NFLX | Volume vs open interest | NFLX 52 puts expiring Jan 15, 2027 traded 22.7x their open interest | https://squawkflow.com/options-flow/2026-10-30/nflx-52-puts-jan-15-2027-volume-vs-open-interest |
| Oct 30, 2026, 13:33 ET | PLTR | Put/call by expiry | PLTR puts expiring Mar 19, 2027 traded 29.6x the calls, vs a 0.8x median | https://squawkflow.com/options-flow/2026-10-30/pltr-puts-mar-19-2027-put-call-skew |
| Oct 30, 2026, 13:05 ET | META | Put/call by expiry | META calls outnumbered puts 46.3 to 1 expiring Feb 19, 2027, vs a 1.4 median | https://squawkflow.com/options-flow/2026-10-30/meta-calls-feb-19-2027-put-call-skew |
| Oct 30, 2026, 09:46 ET | NVDA | Volume vs open interest | NVDA 210 calls expiring Oct 30 (same day) traded 5.5x their open interest | https://squawkflow.com/options-flow/2026-10-30/nvda-210-calls-oct-30-2026-volume-vs-open-interest |
| Oct 30, 2026, 09:57 ET | SPY | Put/call by expiry | SPY puts expiring Feb 19, 2027 traded 41.1x the calls, vs a 1.2x median | https://squawkflow.com/options-flow/2026-10-30/spy-puts-feb-19-2027-put-call-skew |
| Oct 30, 2026, 11:29 ET | XOM | Put/call by expiry | XOM calls outnumbered puts 15.6 to 1 expiring Dec 18, vs a 1.6 median | https://squawkflow.com/options-flow/2026-10-30/xom-calls-dec-18-2026-put-call-skew |
| Oct 30, 2026, 11:56 ET | NVDA | Put/call by expiry | NVDA calls outnumbered puts 8.2 to 1 expiring Dec 18, vs a 1.6 median | https://squawkflow.com/options-flow/2026-10-30/nvda-calls-dec-18-2026-put-call-skew |
| Oct 30, 2026, 09:41 ET | AMZN | Volume vs open interest | AMZN 240 calls expiring Oct 30 (same day) traded 5.5x their open interest | https://squawkflow.com/options-flow/2026-10-30/amzn-240-calls-oct-30-2026-volume-vs-open-interest |
| Oct 30, 2026, 13:29 ET | NFLX | Put/call by expiry | NFLX puts expiring Jan 19, 2029 traded 12.9x the calls, vs a 0.8x median | https://squawkflow.com/options-flow/2026-10-30/nflx-puts-jan-19-2029-put-call-skew |
| Oct 30, 2026, 09:44 ET | SOFI | Put/call by expiry | SOFI calls outnumbered puts 11.9 to 1 expiring Dec 18, vs a 4.8 median | https://squawkflow.com/options-flow/2026-10-30/sofi-calls-dec-18-2026-put-call-skew |
| Oct 30, 2026, 09:51 ET | NVDA | Put/call by expiry | NVDA calls outnumbered puts 10.6 to 1 expiring Mar 19, 2027, vs a 1.1 median | https://squawkflow.com/options-flow/2026-10-30/nvda-calls-mar-19-2027-put-call-skew |
| Oct 30, 2026, 09:45 ET | IWM | Volume vs open interest | IWM 282.5 calls expiring Oct 30 (same day) traded 5.1x their open interest | https://squawkflow.com/options-flow/2026-10-30/iwm-282p5-calls-oct-30-2026-volume-vs-open-interest |
| Oct 30, 2026, 09:45 ET | QQQ | Put/call by expiry | QQQ puts expiring Nov 27 traded 9.5x the calls, vs a 1.4x median | https://squawkflow.com/options-flow/2026-10-30/qqq-puts-nov-27-2026-put-call-skew |
| Oct 30, 2026, 09:37 ET | SPY | Volume vs open interest | SPY 761 calls expiring Oct 30 (same day) traded 7.8x their open interest | https://squawkflow.com/options-flow/2026-10-30/spy-761-calls-oct-30-2026-volume-vs-open-interest |
| Oct 30, 2026, 10:48 ET | MSFT | Put/call by expiry | MSFT calls outnumbered puts 7.9 to 1 expiring Jan 15, 2027, vs a 1.5 median | https://squawkflow.com/options-flow/2026-10-30/msft-calls-jan-15-2027-put-call-skew |
| Oct 30, 2026, 12:05 ET | NFLX | Put/call by expiry | NFLX puts expiring Nov 13 (2 weeks out) traded 7.2x the calls, vs a 0.4x median | https://squawkflow.com/options-flow/2026-10-30/nflx-puts-nov-13-2026-put-call-skew |
| Oct 30, 2026, 09:34 ET | QQQ | Put/call by expiry | QQQ puts expiring Nov 20 (3 weeks out) traded 8.7x the calls, vs a 1.2x median | https://squawkflow.com/options-flow/2026-10-30/qqq-puts-nov-20-2026-put-call-skew |
| Oct 30, 2026, 12:05 ET | NFLX | Put/call by expiry | NFLX puts expiring Jan 15, 2027 traded 6.6x the calls, vs a 0.8x median | https://squawkflow.com/options-flow/2026-10-30/nflx-puts-jan-15-2027-put-call-skew |
| Oct 30, 2026, 09:40 ET | QQQ | Put/call by expiry | QQQ puts expiring Dec 11 traded 8.2x the calls, vs a 1.4x median | https://squawkflow.com/options-flow/2026-10-30/qqq-puts-dec-11-2026-put-call-skew |
| Oct 30, 2026, 09:46 ET | AMZN | Put/call by expiry | AMZN calls outnumbered puts 7.7 to 1 expiring Sep 17, 2027, vs a 1.7 median | https://squawkflow.com/options-flow/2026-10-30/amzn-calls-sep-17-2027-put-call-skew |
| Oct 30, 2026, 09:32 ET | SPY | Put/call by expiry | SPY puts expiring Nov 20 (3 weeks out) traded 7.7x the calls, vs a 1.3x median | https://squawkflow.com/options-flow/2026-10-30/spy-puts-nov-20-2026-put-call-skew |
| Oct 30, 2026, 10:10 ET | NFLX | Put/call by expiry | NFLX calls outnumbered puts 7.3 to 1 expiring Dec 18, vs a 1.3 median | https://squawkflow.com/options-flow/2026-10-30/nflx-calls-dec-18-2026-put-call-skew |
| Oct 30, 2026, 10:27 ET | NVDA | Put/call by expiry | NVDA calls outnumbered puts 6.6 to 1 expiring Dec 17, 2027, vs a 1.1 median | https://squawkflow.com/options-flow/2026-10-30/nvda-calls-dec-17-2027-put-call-skew |
| Oct 30, 2026, 09:38 ET | GOOGL | Put/call by expiry | GOOGL calls outnumbered puts 6.8 to 1 expiring Nov 6 (1 week out), vs a 2.5 median | https://squawkflow.com/options-flow/2026-10-30/googl-calls-nov-6-2026-put-call-skew |
| Oct 30, 2026, 09:32 ET | SPY | Put/call by expiry | SPY puts expiring Nov 13 (2 weeks out) traded 7.1x the calls, vs a 1.3x median | https://squawkflow.com/options-flow/2026-10-30/spy-puts-nov-13-2026-put-call-skew |
| Oct 30, 2026, 09:40 ET | NFLX | Put/call by expiry | NFLX calls outnumbered puts 6.7 to 1 expiring Nov 6 (1 week out), vs a 2.2 median | https://squawkflow.com/options-flow/2026-10-30/nflx-calls-nov-6-2026-put-call-skew |
| Oct 30, 2026, 09:36 ET | AAPL | Put/call by expiry | AAPL puts expiring Nov 6 (1 week out) traded 6.3x the calls, vs a 0.9x median | https://squawkflow.com/options-flow/2026-10-30/aapl-puts-nov-6-2026-put-call-skew |
| Oct 30, 2026, 11:39 ET | NFLX | Put/call by expiry | NFLX calls outnumbered puts 7.0 to 1 expiring Mar 19, 2027, vs a 1.2 median | https://squawkflow.com/options-flow/2026-10-30/nflx-calls-mar-19-2027-put-call-skew |
| Oct 30, 2026, 09:52 ET | SPY | Put/call by expiry | SPY calls outnumbered puts 6.0 to 1 expiring Mar 19, 2027, vs a 0.9 median | https://squawkflow.com/options-flow/2026-10-30/spy-calls-mar-19-2027-put-call-skew |
| Oct 30, 2026, 10:24 ET | QQQ | Put/call by expiry | QQQ puts expiring Dec 18 traded 5.4x the calls, vs a 1.4x median | https://squawkflow.com/options-flow/2026-10-30/qqq-puts-dec-18-2026-put-call-skew |
| Oct 30, 2026, 13:14 ET | SOFI | Put/call by expiry | SOFI calls outnumbered puts 6.3 to 1 expiring Apr 16, 2027, vs a 3.1 median | https://squawkflow.com/options-flow/2026-10-30/sofi-calls-apr-16-2027-put-call-skew |
| Oct 30, 2026, 11:04 ET | SOFI | Put/call by expiry | SOFI calls outnumbered puts 5.9 to 1 expiring Mar 19, 2027, vs a 3.1 median | https://squawkflow.com/options-flow/2026-10-30/sofi-calls-mar-19-2027-put-call-skew |
| Oct 30, 2026, 15:19 ET | SOFI | Volume vs open interest | SOFI 17 calls expiring Dec 4 traded 11.0x their open interest | https://squawkflow.com/options-flow/2026-10-30/sofi-17-calls-dec-4-2026-volume-vs-open-interest |
| Oct 30, 2026, 10:40 ET | NFLX | Put/call by expiry | NFLX calls outnumbered puts 6.0 to 1 expiring Nov 13 (2 weeks out), vs a 2.2 median | https://squawkflow.com/options-flow/2026-10-30/nflx-calls-nov-13-2026-put-call-skew |
| Oct 30, 2026, 12:25 ET | BAC | Put/call by expiry | BAC calls outnumbered puts 4.8 to 1 expiring Nov 6 (1 week out), vs a 2.3 median | https://squawkflow.com/options-flow/2026-10-30/bac-calls-nov-6-2026-put-call-skew |
| Oct 30, 2026, 14:16 ET | AAPL | Put/call by expiry | AAPL puts expiring Nov 27 traded 5.0x the calls, vs a 0.9x median | https://squawkflow.com/options-flow/2026-10-30/aapl-puts-nov-27-2026-put-call-skew |
| Oct 30, 2026, 15:55 ET | SOFI | Put/call by expiry | SOFI calls outnumbered puts 5.8 to 1 expiring Jun 16, 2028, vs a 3.1 median | https://squawkflow.com/options-flow/2026-10-30/sofi-calls-jun-16-2028-put-call-skew |
| Oct 30, 2026, 09:55 ET | COIN | Put/call by expiry | COIN calls outnumbered puts 4.2 to 1 in contracts expiring Oct 30 (same day) | https://squawkflow.com/options-flow/2026-10-30/coin-calls-oct-30-2026-put-call-skew |
| Oct 30, 2026, 09:41 ET | AMZN | Put/call by expiry | AMZN calls outnumbered puts 4.2 to 1 expiring Nov 20 (3 weeks out), vs a 2.0 median | https://squawkflow.com/options-flow/2026-10-30/amzn-calls-nov-20-2026-put-call-skew |
| Oct 30, 2026, 15:56 ET | AAPL | Put/call by expiry | AAPL puts expiring Nov 9 (1 week out) traded 5.1x the calls, vs a 0.9x median | https://squawkflow.com/options-flow/2026-10-30/aapl-puts-nov-9-2026-put-call-skew |
| Oct 30, 2026, 15:54 ET | QQQ | Put/call by expiry | QQQ puts expiring Jun 17, 2027 traded 4.3x the calls, vs a 1.9x median | https://squawkflow.com/options-flow/2026-10-30/qqq-puts-jun-17-2027-put-call-skew |
| Oct 30, 2026, 10:28 ET | PLTR | Volume vs open interest | PLTR 190 calls expiring Oct 30 (same day) traded 5.2x their open interest | https://squawkflow.com/options-flow/2026-10-30/pltr-190-calls-oct-30-2026-volume-vs-open-interest |
| Oct 30, 2026, 12:18 ET | MSFT | Volume vs open interest | MSFT 522.5 calls expiring Oct 30 (same day) traded 5.1x their open interest | https://squawkflow.com/options-flow/2026-10-30/msft-522p5-calls-oct-30-2026-volume-vs-open-interest |
| Oct 30, 2026, 15:34 ET | COIN | Put/call by expiry | COIN puts expiring Jun 17, 2027 traded 5.0x the calls, vs a 1.0x median | https://squawkflow.com/options-flow/2026-10-30/coin-puts-jun-17-2027-put-call-skew |
| Oct 30, 2026, 10:53 ET | GOOGL | Put/call by expiry | GOOGL calls outnumbered puts 4.6 to 1 expiring Nov 4, vs a 2.6 median | https://squawkflow.com/options-flow/2026-10-30/googl-calls-nov-4-2026-put-call-skew |
| Oct 30, 2026, 09:38 ET | PLTR | Put/call by expiry | PLTR puts expiring Nov 20 (3 weeks out) traded 4.8x the calls, vs a 0.8x median | https://squawkflow.com/options-flow/2026-10-30/pltr-puts-nov-20-2026-put-call-skew |
| Oct 30, 2026, 09:34 ET | NFLX | Put/call by expiry | NFLX calls outnumbered puts 4.3 to 1 in contracts expiring Oct 30 (same day) | https://squawkflow.com/options-flow/2026-10-30/nflx-calls-oct-30-2026-put-call-skew |
| Oct 30, 2026, 14:46 ET | IWM | Put/call by expiry | IWM puts expiring Nov 13 (2 weeks out) traded 3.7x the calls, vs a 1.5x median | https://squawkflow.com/options-flow/2026-10-30/iwm-puts-nov-13-2026-put-call-skew |
| Oct 30, 2026, 11:11 ET | AMZN | Put/call by expiry | AMZN calls outnumbered puts 3.8 to 1 expiring Nov 13 (2 weeks out), vs a 2.0 median | https://squawkflow.com/options-flow/2026-10-30/amzn-calls-nov-13-2026-put-call-skew |
| Oct 30, 2026, 09:56 ET | AAPL | Put/call by expiry | AAPL puts expiring Nov 13 (2 weeks out) traded 4.6x the calls, vs a 0.9x median | https://squawkflow.com/options-flow/2026-10-30/aapl-puts-nov-13-2026-put-call-skew |
| Oct 30, 2026, 10:43 ET | MSFT | Put/call by expiry | MSFT calls outnumbered puts 4.5 to 1 expiring Nov 13 (2 weeks out), vs a 1.7 median | https://squawkflow.com/options-flow/2026-10-30/msft-calls-nov-13-2026-put-call-skew |
| Oct 30, 2026, 10:04 ET | SOFI | Put/call by expiry | SOFI calls outnumbered puts 3.6 to 1 expiring Nov 6 (1 week out), vs a 2.1 median | https://squawkflow.com/options-flow/2026-10-30/sofi-calls-nov-6-2026-put-call-skew |
| Oct 30, 2026, 09:31 ET | NVDA | Put/call by expiry | NVDA calls outnumbered puts 4.1 to 1 expiring Nov 20 (3 weeks out), vs a 1.8 median | https://squawkflow.com/options-flow/2026-10-30/nvda-calls-nov-20-2026-put-call-skew |
| Oct 30, 2026, 10:49 ET | XOM | Put/call by expiry | XOM calls outnumbered puts 4.5 to 1 expiring Jan 15, 2027, vs a 1.6 median | https://squawkflow.com/options-flow/2026-10-30/xom-calls-jan-15-2027-put-call-skew |
| Oct 30, 2026, 09:36 ET | AAPL | Put/call by expiry | AAPL puts expiring Nov 20 (3 weeks out) traded 4.3x the calls, vs a 0.9x median | https://squawkflow.com/options-flow/2026-10-30/aapl-puts-nov-20-2026-put-call-skew |
| Oct 30, 2026, 09:58 ET | MSFT | Put/call by expiry | MSFT calls outnumbered puts 4.4 to 1 expiring Nov 4, vs a 1.4 median | https://squawkflow.com/options-flow/2026-10-30/msft-calls-nov-4-2026-put-call-skew |
| Oct 30, 2026, 10:17 ET | MSFT | Put/call by expiry | MSFT calls outnumbered puts 3.7 to 1 expiring Nov 6 (1 week out), vs a 1.7 median | https://squawkflow.com/options-flow/2026-10-30/msft-calls-nov-6-2026-put-call-skew |
| Oct 30, 2026, 09:51 ET | IWM | Put/call by expiry | IWM puts expiring Nov 4 traded 3.9x the calls, vs a 0.8x median | https://squawkflow.com/options-flow/2026-10-30/iwm-puts-nov-4-2026-put-call-skew |

## Biggest estimated premium by ticker, expiry and type

| Ticker, expiry, type | Est. premium (USD) | Volume (contracts) | Prior open interest |
|---|---:|---:|---:|
| NVDA Jan 15 '27 C | $336.3M | 151,513 | 1,248,066 |
| QQQ Nov 2 C | $202.2M | 657,766 | 71,455 |
| TSLA Oct 30 C | $193.3M | 1,056,452 | 197,498 |
| NVDA Dec 18 C | $188.6M | 111,981 | 442,388 |
| SPY Nov 2 C | $169.7M | 709,072 | 68,414 |
| QQQ Nov 2 P | $154.3M | 538,907 | 116,378 |
| SPY Nov 2 P | $144.4M | 896,184 | 115,121 |
| NVDA Nov 20 C | $89.5M | 379,116 | 691,154 |
| SPY Nov 3 C | $82.6M | 207,963 | 43,309 |
| TSLA Nov 6 C | $72.7M | 102,658 | 64,524 |

## Volume vs prior open interest by ticker, expiry and type (open interest >= 5,000)

| Ticker, expiry, type | Volume / prior OI | Volume (contracts) | Prior open interest |
|---|---:|---:|---:|
| TSLA Oct 30 P | 10.9x | 1,058,432 | 97,432 |
| SPY Nov 2 C | 10.4x | 709,072 | 68,414 |
| COIN Nov 6 C | 9.9x | 58,595 | 5,926 |
| QQQ Nov 2 C | 9.2x | 657,766 | 71,455 |
| SPY Nov 2 P | 7.8x | 896,184 | 115,121 |
| TSLA Nov 2 P | 7.4x | 136,258 | 18,466 |
| AMD Oct 30 C | 6.6x | 202,879 | 30,771 |
| NVDA Nov 2 C | 5.5x | 208,614 | 37,930 |
| TSLA Oct 30 C | 5.3x | 1,056,452 | 197,498 |
| AMZN Nov 2 C | 5.2x | 97,528 | 18,916 |

## Put/call volume ratio by ticker and expiry (volume >= 5,000)

| Ticker, expiry | Put/call volume ratio | Put contracts | Call contracts |
|---|---:|---:|---:|
| PLTR Mar 19 '27 | 18.59 | 39,365 | 2,118 |
| NFLX Jan 19 '29 | 7.31 | 7,628 | 1,044 |
| AAPL Nov 9 | 5.12 | 5,420 | 1,059 |
| GOOGL May 21 '27 | 3.98 | 4,713 | 1,183 |
| NFLX Jan 15 '27 | 3.85 | 47,488 | 12,350 |
| META Feb 19 '27 | 0.04 | 983 | 25,326 |
| AMZN Jun 16 '28 | 0.07 | 439 | 6,180 |
| XOM Nov 20 | 0.11 | 2,619 | 24,200 |
| XOM Dec 18 | 0.14 | 2,914 | 21,065 |
| SOFI Mar 19 '27 | 0.19 | 2,828 | 14,679 |

14 cells withheld: fewer than 3 traded contracts.

## Open interest rose at the latest settlement, by ticker, expiry and type (2026-10-29)

| Ticker, expiry, type | Change (contracts) | Open interest |
|---|---:|---:|
| TLT Jan 15 '27 C | +58,777 | 1,436,216 |
| NFLX Dec 18 C | +45,357 | 479,196 |
| NFLX Dec 18 P | +44,595 | 436,360 |
| NVDA Nov 2 P | +36,561 | 68,352 |
| IWM Nov 2 C | +33,428 | 46,476 |
| ORCL Dec 17 '27 P | +27,781 | 122,561 |
| ORCL Nov 6 C | +26,365 | 98,017 |
| RBLX Oct 30 P | +24,106 | 37,437 |
| INTC Nov 6 C | +23,262 | 100,306 |
| SPY Nov 4 C | +22,596 | 39,282 |

Open interest change, not trades; it does not say which side opened or closed.

## Limits

- **Delayed at least 15 minutes.** Every figure is published at least 15 minutes after the chain capture it describes, and stamped with that capture time in Eastern time.
- **21 symbols intraday, about 200 end of day.** Intraday snapshots cover a fixed list of 21 symbols (major stocks, ETFs and the SPX index), not every optionable symbol. Open interest changes cover about 200 symbols from the nightly settlement open interest archive.
- **The strikes we track, not the full book.** A chain capture is a window: up to 40 strikes around the money in each expiration from the broker chain, or every strike in the nearest expirations from the delayed option chain. Totals, shares and ratios describe the strikes captured, and each snapshot states its own coverage.
- **Thin cells are withheld.** Every published total, ratio and share rests on at least 3 traded contracts (volume above zero; for open interest change, contracts whose open interest changed). A call or put side of one expiry below that is left out of every figure, shown as withheld, and counted in a footnote, so no difference between published numbers recovers it.
- **Session totals, not trades.** Volume is the session total read from chain snapshots, aggregated to ticker, expiry and call or put. There is no trade-by-trade record behind it, and no single trade is shown.
- **No buyer, seller or direction.** A chain cannot say who bought or sold, whether a contract was opened or closed, or whether it was one leg of a spread. Calls can be sold and puts can hedge stock, so no snapshot carries a direction.
- **Premium is an estimate.** Estimated premium is volume times the quote midpoint times 100 shares. It is labelled "est." wherever it appears.
- **Open interest arrives the next day.** Open interest is the prior settlement figure. Whether contracts stayed open is only known after the next settlement, which is when each snapshot gets its follow-up.

Hub: https://squawkflow.com/options-flow

## Citation

Source: SquawkFlow, https://squawkflow.com/options-flow/2026-10-30
Retrieved: 2026-10-31 03:53 ET
Attribution: cite the page URL rather than a copied number. Levels are
recomputed every session, so a number without its date is wrong within a day.

SquawkFlow publishes market-structure data and education. Nothing here is
investment advice, a price target or a recommendation, and we have no order
execution.