Apple to buy back $100 billion in stock
BY ANDREW GIOVINAZZI May 3, 2024 Yo Pit Crazies, If you missed Licia spear the market with a pitchfork last night, check it out here. If you want to learn to make weekly income buying options, not selling them, check out my Weekly Profits Cycles. In the old days when a company missed […]
Students are having too much fun in Weekly Profit Cycles
BY ANDREW GIOVINAZZI May 2, 2024 Yo Pit Crazies, Licia puts on her Lady Poseidon Crown and becomes the Queen of the Tridents or shall I say Pitchforks. Catch her class tomorrow and learn how she posts big wins using her method. On an FOMC JPow day I put out the trade ideas […]
SPX turns one of the biggest selloffs of the year!
BY ANDREW GIOVINAZZI May 1, 2024 Yo Pit Crazies, Stick a pitchfork in this class from Licia because you will be done! As in well done on learning Licia’s signature trading technique, The Pitchfork. This is really what the market is dealing with on the front page of the Wall Street Journal Tuesday […]
Stocks have had a wild month and will have a wild week
BY ANDREW GIOVINAZZI April 30, 2024 Yo Pit Crazies, AI is propelling stocks to new heights. It was just 1 month ago that the SPDR S&P 500 Trust (Ticker: SPY) was at all time highs. Heck I even just saw that AI is saving the Amazon Rainforest. AI is the tech catalyst that keeps […]
How to make an easy wheel trade for this week.
BY ANDREW GIOVINAZZI April 29, 2024 Yo Pit Crazies, This Wheel Trade set up could make sense for IBM bulls I was doing the OptionInsider Radio Networks Options Oddities show and scrolling through my dividend list, and up pop’s IBM going ex div soon. I can sell the IBM May03 165/160 put credit […]
MSFT and GOOGL save the market from inflation
BY ANDREW GIOVINAZZI April 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: “VIX closed in Zone 3 but did not hold […]
We talked about how to hedge UVXY today
BY ANDREW GIOVINAZZI April 26, 2024 Yo Pit Crazies, The event you need to go to in Chicago is happening in July. Come and learn how to trade options from traders who trade them every day. Get ready for Option Pit University coming soon! We famously put out a Proshares Ultra Short Term […]
Mark went all the way today!
BY ANDREW GIOVINAZZI April 25, 2024 Yo Pit Crazies, Option Pit is having our Summer Festival in Chicago. Jump on and put your option learning hat on. The SPDR S&P 500 Trust (Ticker: SPY) sold off after the close because the market did not like the projections or dollars out of Meta […]
How to hedge a trade
BY ANDREW GIOVINAZZI April 24, 2024 Yo Pit Crazies, If you have not signed up for the Option Pit Summer Extravaganza in Chicago, do so now. The drop in VIX has been stunning over the last several days. From a peak of 21.5% to just under 16% now has traders shaking their heads. […]
The 3 stocks that matter most
BY ANDREW GIOVINAZZI April 23, 2024 Yo Pit Crazies, If you want to go on a short vacation that pays for the vacation, look no further than Option Pit’s Chicago Extravaganza in July. Bring the spouse they eat for free! Steak on Mark at Gibson’s is my favorite of the year. I loved that place […]