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The Hero Indicator Is a New Tool We Launched in March
The SPX volume is fairly consistent. If you look at it, it's a cycle. It's related to the 30 day exploration. The size generally doesn't change in terms of open interest. The volume stays fairly consistent even throughout the pandemic. You know, whereas if you look at the change in open interest in like QQ or spiders, those are those activity in those places has grown a lot. A lot of that is due to the fact that it costs less premium than SPX. So I think that's why you get bigger volume spikes.