Powell tosses the wet blanket
BY ANDREW GIOVINAZZI February 6, 2024 Yo Pit Crazies, Jpow is doing his best imitation of Tony “Duke” Evers in Rocky 4 before Apollo Creed goes out in a blaze of glory. Duke tries to get Rocky to throw in the towel and save Apollo from the Monster Ivan Drago. That ends in tragic […]
SPX all time highs with Apple not at all time highs so can the market still rally?
BY ANDREW GIOVINAZZI February 5, 2024 Yo Pit Crazies, There are still open slots in the ODTE challenge with Mark and Licia and they are off to a good start. Check that out here. Apple Inc (Ticker: AAPL) was the biggest FANG disappointment in this earnings cycle. The old FANG was Facebook (META […]
AAPL, META, AMZN and the ODTE tidal wave is coming to a trading screen near you
BY ANDREW GIOVINAZZI February 2, 2024 Yo Pit Crazies, You got a shot for the 0DTE Feb love child starring Mark and Licia. Get your seats while it is still open. Do earnings affect 0DTE trading? Well… Apple Inc (Ticker: AAPL) finally had some sales growth but that was not enough to […]
No early rate cuts, so VIX rallies
BY ANDREW GIOVINAZZI February 1, 2024 Yo Pit Crazies, I know two people, well three, who like a moving market. Mark and Licia Lesile of 0DTE fame notched up a 300% gain on Wednesday. Not too bad as enrollment for February comes around. You can do that here. Back on the boring side […]
How to make a corporate action pay for you
BY ANDREW GIOVINAZZI January 31, 2024 Yo Pit Crazies, ODTE is now open for February due to huge demand. And as a bonus to our Pro Traders, we are adding it to Lifetime Pros so if you upgrade to Pro LT ODTE is a new part of the back. Call 888 Trade 01 for […]
Did you hear about Carmax?
BY ANDREW GIOVINAZZI January 30, 2024 Yo Pit Crazies, Sign up for our July event and learn more about Options Trading in 1 week than you will in 6 months. Hands on is the best way to learn. Before I jump into Carmax Inc. (Ticker: KMX), Super Micro Computer, Inc (Ticker: SMCI) is […]
What watching the paper tells us
BY ANDREW GIOVINAZZI January 29, 2024 Yo Pit Crazies, Sign up for the OP conference and trade live and learn a thing of two when Chicago is beautiful. Frank was on it when he was looking at DC scuttle and thought the Biden Adm would halt new export licenses for gas Read that […]
A funny thing happened on the way to Cap Gains
BY ANDREW GIOVINAZZI January 26, 2024 Yo Pit Crazies, Sign up while the getting is good for the Option Pit Live Trading Extravaganza in Chicago in July. Mark, Andrew, Frank, Licia and Voz will be there. Frank wrote recently that the Biden Administration could pull a climate coup and stop exports of Natural […]
This is a septuple bottom you don’t want to miss
BY ANDREW GIOVINAZZI January 25, 2024 Yo Pit Crazies, Sometimes in my session traders bring ideas and I try to make trades out of them. One of them was during an Easy Trade Button session and I thought it would make a decent trade. Mark put out a bunch of Ratio Married Put trades […]
Something happened today that I never thought I would see
BY ANDREW GIOVINAZZI January 24, 2024 Yo Pit Crazies, Watching order flow is a big part of trading options. Mark has been watching order flow in Endeavor Group Holdings (Ticker: EDR) all week and the stock popped on the announcement deal with the WWF. Paper jumped in buying calls expecting some news to break […]