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March 18, 2024

I am not trading any more put calendars

BY ANDREW GIOVINAZZIMarch 18, 2024Yo Pit Crazies, Pick up Licia Leslie’s candlestick class and learn how to read charts. Maybe I can get better at reading charts since I am horrible at it.  You see, I bought some calendars in the SPDR S&P 500 Trust (Ticker: SPY) on Thursday for next week in my OPMentoring class.  I…

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March 16, 2024

Stories from the pit – “The Tap”

BY MARK SEBASTIAN March 16, 2024 In this edition of “Stories from the pit”, Andrew will be chiming in with his experiences as a floor trader and member of the CBOE – MarkAs a Market Maker, there are things you don’t want to see and one of them was this… Let’s take a walk back in time to…

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March 15, 2024

Beware the Ides of March on a red SPX day

BY ANDREW GIOVINAZZIMarch 15, 2024Yo Pit Crazies, My Weekly Profits Cycles trade is only up a couple of bucks today but it was looking home run worthy when the SPDR S&P 500 Trust (Ticker: SPY) was down .75% today.   The next catalyst is likely next week when the FOMC opines on rates. The PPI number “killed” the…

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March 14, 2024

VOZ and I found the cheapest implied vol on the map

BY ANDREW GIOVINAZZIMarch 14, 2024Yo Pit Crazies, Check out Weekly Profit Cycle for the PPI number tomorrow.  We got a trade put out today and currently have 9 wins in a row. Speaking of winning, I was on Trade to Close with Olivia Voz Wednesday. I was showing her how low options premiums were in oil stocks. …

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