Congratulations to the E-Guard, the clouds have parted and the moon is bright. Sellers are at a loss, while buyers are making a profit. From the perspective of position and gamma, there is hope for a push to 3200. Let's analyze the data in detail. The changes in gamma ex are particularly significant, with the negative gamma area notably expanding at the 3200 position. Correspondingly, the open interest (OI) at the 3200 position has also increased significantly. ETF net inflows have been positive for seven consecutive days, indicating a bullish market sentiment. In the short term, sellers should be cautious with risk management; shorting volatility is recommended with small positions and high frequency, while also setting protection or stop-loss. Buyers are advised to take profits, rolling over in-the-money options to new at-the-money positions, to continue seizing gamma profit opportunities. Once again, congratulations, and wishing everyone prosperity~