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August 6, 2023

Is the Last Downgrade the Same as This One?

BY ANDREW GIOVINAZZI August 6, 2023 Each week, I’ll give an overview of a stock and Licia Leslie will follow that up with a chart analysis the next day. Bill Griffo will chime in with macro analysis and Andrew Giovinazzi will then finish out the week with a volatility breakdown. Have a stock YOU want…

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August 4, 2023

AAPL Misses, AMZN Beats on Revs

BY ANDREW GIOVINAZZI August 4, 2023  Yo Pit Crazies, I will unpack my Easy Trade Button next week for you guys. Day 6 of VIX not making lower lows than the day before.  Now I kind of expected this because the market was waiting for Apple Inc (Ticker: AAPL) and Amazon.com Inc (TIcker: AMZN) earnings.  AMZN was good and…

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August 3, 2023

Fitch Sinks the QQQ (For Now)

BY ANDREW GIOVINAZZI  August 3, 2023  Yo Pit Crazies, Yesterday, we discussed favorable conditions for a put calendar in the SPDR S&P 500 Trust (Ticker: SPY) at $453. Well surprise, surprise … SPY opened $453 and my put calendar was up 50%, so I took the profits. That was the start of a day riding…

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August 2, 2023

IV in Industrial Names is Crazy Cheap

BY ANDREW GIOVINAZZI  August 1, 2023  Yo Pit Crazies, If you want to understand what the heck this snap is underneath, keep reading. It’s a picture of how the VIX term structure is and how it should look, with respect to time to expiration. Recall if I trade options, I can trade price, volatility, or…

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August 1, 2023

Summer’s Half Over – Why is the VIX Not at Year Lows?

BY ANDREW GIOVINAZZI  August 1, 2023  Yo Pit Crazies, If you want to understand what the heck this snap is underneath, keep reading. It’s a picture of how the VIX term structure is and how it should look, with respect to time to expiration. Recall if I trade options, I can trade price, volatility, or…

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July 30, 2023

Don’t Look Now – Rates Are at 2023 Highs

BY ANDREW GIOVINAZZI  July 30, 2023 Yo Pit Crazies, Below is a chart of the iShares Barclays 20+ Year USGov Treasury ETF (Ticker: TLT). A very smart bond trader in the Pro Room thought around $100 as a good support sign for stocks. If TLT gets too far below $100, rates are starting to spike…

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July 27, 2023

Checking the Calendar

BY ANDREW GIOVINAZZIJuly 27, 2023 Yo Pit Crazies, Mark and I set up some complementary call calendar spreads on the Trading Desk on Tuesday only to close them for 40% plus gains on Wednesday afternoon. I was in on the left red arrow and got taken out on the right red arrow after the big spike.  A call…

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