BY ANDREW GIOVINAZZI
December 6, 2024
Yo Pit Crazies,
In 2024 as we are about to put in a record setting market performance around $6100 SPX we can count back on all the things that made us rally this year:
Chip demand
AI and robots making things easier
Interest rate drop
Corporate Earnings at all time highs
Normal Election Cycle (after the election at least)
Bitcoin going to $100,000
Well I made up the last one but really how many ways are there to buy Bitcoin? Well the Cboe is inventing yet another one, this one an index of ETFs that folks can trade options on. Will wonders never cease.
Now with Bitcoin hitting its target, it is time to take a look at other ways to make money since everyone who bought Bitcoin for $100 will be telling us about it on Twitter today.
There are easier ways to make money
Many Big Tech companies option prices are stupid low
ASML Holdings NV (Ticker: ASML) is chip darling down around $500 from the highs this year. Options prices below are the red line and at 3 to 6 month lows. When those folks get tired of buying Bitcoin at the top some of these other companies might look enticing.
ASML IV30 in the redline
The easy way is to attend the next session on Dollar Shots and look for the next big thing. Which could easily be last quarter’s big thing with options so cheap right now.
To Your Trading Success,
AG
Andrew Giovinazzi
30-Year Trading Pro
See what's hot at option pit
CAPITOL GAINS: SMR Aug16 7 call closed for a 150% gain
DELTA STRIKE: VLY Mar15 8 puts closed for a 88% gain
PFE May17 26 calls closed for a 66% win
OP MENTORING: SPY Mar22/19 510 put calendars and 520 calls for 6.4% gain
OPTION SHOPPER: ERX Mar28 65 calls closed for a 90% gain