GOOGL providing AI smarts to AAPL is peak AI madness
BY ANDREW GIOVINAZZI March 18, 2024 Yo Pit Crazies, Jump on over to Weekly Profit Cycles as we set up another trade going into the FOMC meeting on Wednesday. Apple Inc (Ticker: AAPL) announced that Alphabet Inc (Ticker: GOOGL) will provide AI smarts to AAPL products. I think Steve Jobs just rolled over […]
I am not trading any more put calendars
BY ANDREW GIOVINAZZI March 18, 2024 Yo Pit Crazies, Pick up Licia Leslie’s candlestick class and learn how to read charts. Maybe I can get better at reading charts since I am horrible at it. You see, I bought some calendars in the SPDR S&P 500 Trust (Ticker: SPY) on Thursday for next […]
Beware the Ides of March on a red SPX day
BY ANDREW GIOVINAZZI March 15, 2024 Yo Pit Crazies, My Weekly Profits Cycles trade is only up a couple of bucks today but it was looking home run worthy when the SPDR S&P 500 Trust (Ticker: SPY) was down .75% today. The next catalyst is likely next week when the FOMC opines on […]
VOZ and I found the cheapest implied vol on the map
BY ANDREW GIOVINAZZI March 14, 2024 Yo Pit Crazies, Check out Weekly Profit Cycle for the PPI number tomorrow. We got a trade put out today and currently have 9 wins in a row. Speaking of winning, I was on Trade to Close with Olivia Voz Wednesday. I was showing her how low […]
Apple and Tesla get first ever participation trophies from the stock market
BY ANDREW GIOVINAZZI March 13, 2024 Yo Pit Crazies, The Trading Desk is ready for you when you are ready for it. Closed over 10 wins in a row anyone who signed up would have their subscription paid for since the beginning of December. Earn while you learn. The Standard and […]
A market at odds with itself over the CPI number
BY ANDREW GIOVINAZZI March 12, 2024 Yo Pit Crazies, If you are new to Option Pit, try out Option Shopper now! For $1. I saw this tweet below form Vance Harwood who is an excellent vol follow on TWITTER. He is noting, what Mark and I have, that VIX is still running […]
This is one chart to watch.
BY ANDREW GIOVINAZZI March 11, 2024 Yo Pit Crazies, The Market Vectors Semiconductor Index ETF (Ticker: SMH) is on a tear and I have to admit a decent amount of my tech participation has been through that name. I have cut it back 50% over the last couple of weeks. I still […]
NVDA is going to $1000
BY ANDREW GIOVINAZZI March 8, 2024 Yo Pit Crazies, If you want to learn how to trade options in SPX, XSP and VIX, check out the Trading Desk and grab the best 1 hr in options trading. Broadcom Corp (Ticker: AVGO) earnings came out after the close and the stock went down $40.00 […]
How to buy the top with confidence!!!!!!!!!!
BY ANDREW GIOVINAZZI March 7, 2024 Yo Pit Crazies, Mark made a bold predicition in November and it came to fruition. He’s doing it again and I think you should hear what he has to say. Speaking of great performance, Mark also stuffed so many goodies into his video about the MAG 7, you […]
Is SMCI going to split?
BY ANDREW GIOVINAZZI March 6, 2024 Yo Pit Crazies, Speaking of crazy things I remember, in the early 2000’s there was an Anti-Globalist protest group outside of the PSE. I guess our little option floor was a bastion of capitalist evil. It seems these protest groups find a new thing to protest […]