Coffee With Q Podcast Show - Your Story is Your Currency - Listen to Billionaire Minds
12 May 2026 · 4 min
0:00
Qamar Zaman breaks down SPY 0DTE options with a bullish bias backed by a $72M+ coil. Key levels: the 739-740 fair value gap acting as resistance, Daddy Bull anchor at 739, Baby Bull target at 743, and downside risk at 735 and 732.
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Right now, the market is sitting on a massive, um, $72 million bullish coil, but there is a literal trapdoor waiting just a few points below.
Yeah, it's a completely wild setup today.
Welcome to today's deep dive. We are looking at a highly technical Eddy GE News trading briefing for SPY 0DPE options, specifically for May 12th, 2026.
And our mission here is really to decode this complex market roadmap, right? To summarize the core structure and give you the exact key levels you need to watch.
Exactly. Because, I mean, the vibe of this briefing is intense. It uses all this wild terminology like Daddy Bull and Max Pain.
Right, which sounds funny, but we promise to translate all of that. We'll show you exactly how the smart money is positioned today.
So, let's jump right into the context. Right now, the bulls are completely dominating the tape.
Oh, without a doubt. The market ratio is 3.39 to 1 in favor of the bulls.
Wow, so a huge imbalance.
Massive. And that's backed by a positive $72.6 million in total exposure.
Okay, so with the current price sitting at $739.66, the The 5-minute chart actually shows a confirmed bullish structure.
Right. Yes, uh, we have a higher high at 740.79 and a higher low at 738.88.
Which brings us to this 3 bulls concept from the briefing. It sounds like a bizarre Goldilocks story to me.
That's actually a great way to put it.
Because you've got the daddy bull sitting exactly at 739, holding like positive $32.7 million in exposure.
Yeah. Which is acting like this massive gravitational anchor directly under the current price.
Right. And then you have Mama Bull as the immediate hurdle, with Baby Bull waiting way up at $743 as the ultimate target.
Exactly. And that Daddy Bull anchor at $739 is key. I mean, this $738 to $739 cluster is the strongest concentration we've seen since the green wall era.
Wait, really? The strongest since the green wall?
Yeah. So, as long as that $738.88 higher low holds, The market is just storing energy. The bullish coil is primed to extend.
Okay, but, and this is my big question here, if bulls are so dominant, why is there a traffic jam right at our current price? Why hasn't it skyrocketed to $743 yet?
Well, that comes down to fair value gaps, or FVGs.
Right. The briefing has this brilliant analogy for those. An FVG is like a car speeding past a gas station too fast to stop.
Leaving unfinished business behind.
Exactly. Unfinished business that the market absolutely must return to. But again, if bulls are in control, why are we stuck at the pump right now?
Because you have to account for the bear FVG zone spanning 739 to 740.
Ah, so there are sellers trapped in there.
Yep. During a previous fast drop, sellers missed executing their orders. Now they're stepping in as resistance, making it a huge friction zone. Exactly. It requires a lot of chop to fill those gaps before any upward breakout can actually happen.
Okay, so what happens if the bullish structure fails? Like if we can't chew through that friction?
Well, if that 738.88 support And when the support breaks, we immediately look down at the Daddy Bear.
Sitting at 735, right?
Right.
But the briefing also mentions this ominous max pain level sitting at 732, and it warns that it becomes a stronger magnet as we get closer to 4:00 PM.
Yeah, so 732 is the point where market makers lose the least amount of money. But crucially, 732 is stacked directly on top of the flip line at 731.91.
Oh, so it's a double layer of danger.
Exactly. If the price falls through 735, That stacked confluence becomes a literal trapdoor for the market.
Wow, just a sheer drop. So for you listening today, the ultimate lesson here isn't just about knowing these numbers.
No, it's about discipline. Levels aren't blind buy or sell signals.
Right, you have to wait for that 5-minute hold confirmation. As they say, no structure, no trade.
You really have to wait and see if the market falls through the trapdoor or bounces off the anchor.
Which actually leaves me with a really provocative thought to end on today.
What's that?
Well, if retail traders and algorithmic market makers are all staring at the exact same unfinished Unfinished Business gaps and Max Payne magnets. Does knowing the trap is there make it easier to avoid, or does the collective obsession actually cause the trap to spring?
