My favorite indicator flashes again
BY ANDREW GIOVINAZZI June 11, 2024 Yo Pit Crazies, I did have a nice session in OP Mentoring/Pro today about pricing out the holiday coming on June 19th. The Fed moved their normal meeting time up a week to give us the one-two punch of CPI and FOMC minutes this Wednesday. This does […]
Stocks near all time highs, VIX almost 1 year lows
BY ANDREW GIOVINAZZI June 9, 2024, 2024 Hey OP Crew, AG’s alter-ego Vol Man here with my weekly analysis. As usual, I will start with my last forecast… If some of my Option Volatility Jargon is vexing, our Glossary is here. Last Week: “This is a slower news week with the […]
The solemn grandeur that is Arlington National Cemetery
BY ANDREW GIOVINAZZI June 8, 2024 Yo Pit Crazies, I was out for this week from Tuesday to Friday. My big event was putting my dad, Capt Felix Anthony Giovinazzi, USN, to rest in Arlington National Cemetery with full honors. It is not something you see every day. 400,000 stones at Arlington. As […]
The acceleration in a melt up market
BY ANDREW GIOVINAZZI June 3, 2024 Yo Pit Crazies, I wanted to put the last hour of the trading day into context with the rest of the week. Most beginning traders will learn faster if they look at things on large changes. The chart below has a massive runup in 1 hr versus the […]
Did the Trump verdict wreck VIX?
BY ANDREW GIOVINAZZI May 28, 2024 Hey OP Crew, AG’s alter-ego Vol Man here with my weekly analysis. As usual, I will start with my last forecast… If some of my Option Volatility Jargon is vexing, our Glossary is here. Last Week: “For 2024, no news is generally bullish with some […]
Floor Stories Bush v Gore 2000
BY ANDREW GIOVINAZZI May 31, 2024 Yo Pit Crazies, For those of you who don’t know, I was an exchange member for 15 years before I came to Option Pit. Who knew learning all those tricks would be useful years down the road. What I did learn is trading is mostly survival, pattern recognition […]
My favorite indicator is coming to life as DJT found guilty
BY ANDREW GIOVINAZZI May 31, 2024 Yo Pit Crazies, What is my favorite indicator? I like short term indicators versus long term indicators. It is like the tail wagging the dog. When the short term indicator starts to pop I take notice. Vol Man is riding his surfboard up the vol wave. 9 day […]
This is still a stock pickers market
BY ANDREW GIOVINAZZI May 30, 2024 Yo Pit Crazies, OP University founding membership is drawing to a close. Imagine getting Oxford University back in 1265 for life for a one time fee for 2 bits! Do it! Yes this could be you soaking up the best option education on the planet! In the fall […]
SMH makes another all time high
BY ANDREW GIOVINAZZI May 29, 2024 Yo Pit Crazies, Check out Option Pit University. It is my goal to make OPU the best option education platform on the planet. It will only get better. The Market Vectors Semiconductor ETF (Ticker: SMH) is on a one way train to supernova status. Thanks to Nvidia […]
Apple Inc starts the week off with a bang
BY ANDREW GIOVINAZZI May 29, 2024 Yo Pit Crazies, Mark and I talked about the Gamma Bomb this week and getting ready via Weekly Profit Cycles. It seems many of you have liked the message and thank you for coming aboard. Check out Licia Leslie with here SPX Chart of the week. Our […]