Big Banks and Little Banks headed in the wrong direction
BY ANDREW GIOVINAZZI March 5, 2024 Yo Pit Crazies, Since Fed Chair Jerome Powell goes and puts his cape on to testify in front of Congress, I thought it would be nice to see how the banks are faring. Overall the big banks are doing well. The Financial Select SPDR ETF (Ticker: […]
The Market is changing leadership right before our eyes
BY ANDREW GIOVINAZZI March 4, 2024 Yo Pit Crazies, 0DTE re-opens this month with low dollar, high gain potential trades that make 0DTE so exciting. Check it out. Friday’s are a thing. It is almost like folks want to jump in before Monday the following week. This is very different from 2022 […]
12 Handle in VIX Should Happen Today
BY ANDREW GIOVINAZZI March 1, 2024 Yo Pit Crazies, I joked on Twitter this week (I will never call it X) that VIX will trade the 12 handle. People thought I was crazy. We had data, world strife, and the normal assortment of trouble that plague mankind. But that doesn’t matter when there is a […]
Why does the market underprice or overprice options?
BY ANDREW GIOVINAZZI February 29, 2024 Yo Pit Crazies, Check out the Trade Zone and put theory into practice. Option Pit looks at volatility in options because all underlyings are different but volatility characteristics carry into different names. Probably why folks like technical analysis but few are as good as our own Queen […]
Climbing to 5200
BY ANDREW GIOVINAZZI February 28, 2024 Yo Pit Crazies, The Trade Zone is off and running so go check it out. What to trade? It came up in my Easy Trade Button Class that realized volatility sets the tone for all of my trades. Not investments, those are different things. Trades are just […]
Pullbacks in the Mega Cap Mag 7? No way batman!
BY ANDREW GIOVINAZZI February 27, 2024 Yo Pit Crazies, The Trade Zone closes soon due to demand and the class filling up. Get in while the getting is good. You know it is a slow newsday when Palo Alto Networks Inc (Ticker: PANW) dominates the news after Rep Nancy Pelosi buys calls in […]
My favorite Mega Cap stock
BY ANDREW GIOVINAZZI February 26, 2024 Yo Pit Crazies, Are you into the Trade Zone yet? Do so now while the getting is good. Stocks are at all time highs and brushed 5100 SPX. AI is all the rage and interest rates for the short term are stable with some Quantitative Tightening (QT). […]
Stocks rip to all time highs as NVDA takes over Canada
BY ANDREW GIOVINAZZI February 23, 2024 Yo Pit Crazies, There is still room for the Trade Zone and Mark put out his first trade today. Hint: it is a fruit company. Trade with confidence at the top. I spent all morning closing trades in Pit Report, Trading Desk, OP Mentoring and Weekly Profit […]
NVDA jumps out hot
BY ANDREW GIOVINAZZI February 22, 2024 Yo Pit Crazies, Want to know how to trade NVDA at $700 a share? Tune into the Trade Zone with Mark and catch our Spreaducation Classes coming up. “Higher for longer” or so says the Fed below. That also gave the market a late day boost to […]
Gold volatility is way to cheap
BY ANDREW GIOVINAZZI February 21, 2024 Yo Pit Crazies, There is still some space in the Trade Zone. I will even do a preso on strangles and straddles as part of the Option Pit Spreaducation series. Knowing how things work helps. It is hard to drive a car if you do not know what the […]