What is a Special Situation?
BY ANDREW GIOVINAZZI October 23, 2024 Yo Pit Crazies, In case you have not been around here you might not have noticed Mark and I talking about how VIX and volatility is trading and making the market a relative snoozed fest with the election looming. Listening to the pundits, you would think the […]
Stocks are not the only thing that are at their highs
BY ANDREW GIOVINAZZI October 22, 2024 Yo Pit Crazies, If you have been reading my daily missives in the OP Newsletter, you would get the feeling something big is about to happen. I am starting to notice that it sounds like all the madness surrounding Y2K way back yonder in 2000. The year 2000 would […]
It’s been a month, how is the Flash 10 doing? Good, Bad or Ugly?
BY ANDREW GIOVINAZZI October 20, 2024 Yo Pit Crazies, The Good, the Bad and the Ugly is my favorite Western and nothing comes close. Sergio Leone is a master director. In my own movie the Flash10, I have to grab a portfolio of stocks with a nice Option Fingerprint, growing earnings and stock prices and […]
Is inflation really over?
BY ANDREW GIOVINAZZI October 18, 2024 Yo Pit Crazies, Just recently oil jumped from the $70 range as traders surveyed the Middle East landscape and decided Israel is going to retaliate by taking out the oil assets of Iran. Lucky for Iran they have not yet and instead took out the leader of Hamas. […]
SMR is up 1000% from the lows this year
BY ANDREW GIOVINAZZI October 17, 2024 Yo Pit Crazies, Frank and I are on the nuclear hunt this past year and have ridden some names higher but not many have performed as well as Nuscale Power Corp (Ticker: SMR). After Microsoft Corp (Ticker: MSFT) shanghaied 3 Mile Island to produce power, Amazon.com Inc (Ticker: AMZN) […]
Chip stocks have their worst day in a while
BY ANDREW GIOVINAZZI October 16, 2024 Yo Pit Crazies, Did you know that Option Pit tests our product to pass the CRT? Consistently Profitable, Repeatable and Teachable is the name of the game. The reason why is we want to teach our students to understand market conditions and take control of them for better […]
Earning season is coming and the magic 8 ball likes it
BY ANDREW GIOVINAZZI October 15, 2024 Yo Pit Crazies, Earnings season can be like the Magic 8 ball of yesteryear except there are early trends you do not want to miss. Right now the season is kicking off with a bang. It is hard to tell what stock this is below so I will tell […]
6000 SPX is a lock
BY ANDREW GIOVINAZZI October 13, 2024 Yo Pit Crazies, Two weeks of traveling is coming to an end this weekend and it will be good to get back to Maine. All things worked out well and I did a decent job of setting up an office in North Carolina in case I need it […]
NVDA will be a $4 trillion company
BY ANDREW GIOVINAZZI October 11, 2024 Yo Pit Crazies, As Nvidia Corp (Ticker: NVDA) got close to another all time high today I couldn’t help but think how they could be the big beneficiary of the new Tesla Inc (Ticker: TSLA) self driving taxi. TSLA seems destined to consume every chip NVDA is going […]
I have never seen this before
BY ANDREW GIOVINAZZI October 10, 2024 Yo Pit Crazies, Hopefully things go ok for my Florida peeps. There we are running into the close once again as the traders reread the FOMC minutes and surprise,surprise part of the Fed Governor cabal did not want the .50 point cut. They thought some conditions warranted […]