The VIX Pulled Back … Will It Remain There?
Yo Pit Crazies, The VIX sold off a bit on Monday, stocks looked strong and the S&P 500 (SPX) rallied near 1%, which is only a 16% volatility So the action was positive today and that chopped the VIX down. What hasn’t changed is the Fed will speak next week and […]
The Drug of Choice Glasgow COP26? Lithium
Yo Pit Crazies, For the most part, alt energies (and companies powered by them) did well during the COP26 conference in Glasgow — namely Tesla Inc. (Ticker: TSLA), which enjoyed a 20% increase until Elon Musk said he was selling. Solid-state battery developer QuantumScape Inc. (Ticker: QS) didn’t fare too badly, either. […]
Are VIX Pits Signalling A Bullish Expiration Week?
The Option Pit VIX Traffic Light is Yellow: Volatility Is Going To Move. Hey Traders, Over the last six months, EVERY expiration week (standard expiration on the third Friday of the month) has been the softest week of each month for the market. In each of those weeks, the S&P 500 (Ticker: SPX) has reached […]
More Ammo from Amazon
Hi Shoppers, I think Amazon (Ticker: AMZN) is due for a pullback after its little run from a June 7 low of $3,172.20 up to its high on Friday of $3,366.58, a 6% move this week. Friday’s candle could be a doji signaling a change in this mini uptrend: Since […]
Meme + Bitcoin: A Recipe for VIX
Liquidity, liquidity, liquidity. Option Pit’s Bill Griffo will dive in on Thursday (and I’ll be there!), and he thinks we could see a mess related to new gold rules and its impacts on the U.S. dollar. I agree. I’ll give you a taste of it today … Liquidity refreshment, if you […]
The Trade to Make a Difference Next Week
Hey There Income Hunters, We have a big week coming up, especially after yesterday’s hourly earnings number that was up double over consensus. Workers are needed badly and employers are paying up. This Thursday, I expect another strong consumer price index (CPI), possibly reaching 5%. Treasury Secretary Janet Yellen will also be auctioning plenty of […]
Licia Leslie – Option Pit’s Queen of the DOJI
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Licia Leslie’s Trading Record
Here you can view Licia Leslie, Option Pit's unique option finder's trading record. Entry Date Underlying Buy Sell Expiration Strike Outlay Dollar P&L Percentage P&L 5/5/21 TDOC 2 May21 162.50/182.50 call spreads 720 -300 -41 4/28/21 SPY 5 Apr30 417.5/412.5 put […]
The 10-Year Repo Squeeze That Wasn’t
<iframe src=”https://player.vimeo.com/video/520364843″ width=”640″ height=”564″ frameborder=”0″ allow=”autoplay; fullscreen” allowfullscreen></iframe> Hey There Income Hunters, Well the banks tried to pull a fast one — and it failed even harder than the 10-year Treasury debacle this week. The banks also don’t seem to realize that Fed Chairman Jerome Powell is no longer calling the shots … […]
Weekly Roundup – Stimulus, Crypto, COVID and Trading
Hey Influence Traders, It’s the weekend, which means it’s time for the Weekly Roundup. I had a busy week — after returning from the slopes I made a #PowerMove to DC to see some of my inside sources face-to-face … The Highlights The weather has calmed down … the fallout from GameStop has not. Bonds […]