The aim of this paper is three-fold: (i) we construct a naturally occurring highly homotopy coherent operad structure on the derivatives of the identity functor on structured ring spectra which can be described as algebras over an operad in spectra, (ii) we prove that every connected -algebra has a naturally occurring left action of the derivatives of the identity, and (iii) we show that there is a naturally occurring weak equivalence of highly homotopy coherent operads between the derivatives of the identity on -algebras and the operad . Along the way, we introduce the notion of -colored operads with levels which – by construction – provides a precise algebraic framework for working with and comparing highly homotopy coherent operads, operads, and their algebras.

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