VIX has a hard deck
BY ANDREW GIOVINAZZI December 01, 2023 Yo Pit Crazies, Mark made more money in his GM calls following the smart money than GM did all year. That is an exaggeration but 240% is not bad overnight for some calls. Go hit some Delta Strike. The VIX has a hard-deck. Knowing what that hard-deck […]
How Options Get Mispriced
BY ANDREW GIOVINAZZI November 30, 2023 Yo Pit Crazies, My Weekly Profits Cycle is back at Option Pit. I’ll have more info on that soon, so stay tuned! Trading options I can trade 3 things, price, time and volatility. All three of those things move option prices. The reason they get mispriced is […]
The market is not ready for lower vol
BY ANDREW GIOVINAZZI November 28, 2023 Yo Pit Crazies, Weekly Profit Cycles comes back to Option Pit today! You will have a chance to buy the best risk adjusted trading system out there. If you can find a better one, I want to know. Mark did a video not long ago on […]
Surprising things that happened in 2023
BY ANDREW GIOVINAZZI November 26, 2023 Yo Pit Crazies, Check out our Black Friday Sale which ends today. The headlines for this year were quite spectacular: Rampant Inflation Regional Bank Failures 8% mortgage rates Mideast Conflict AI mania Magic Weight Loss Drugs One thing that was constant was the Fed doing what […]
Cheapest IV Ever Going into an FOMC Minute Release
BY ANDREW GIOVINAZZI November 21, 2023 Yo Pit Crazies, Trading options is about spotting opportunities. Some days there are a lot of opportunities and some days they are hard to find. Holidays can be fun because traders are trying to get the option prices down as fast as possible. I know I used to do […]
Party like it’s 1999, Intel style
BY ANDREW GIOVINAZZI November 17, 2023 Yo Pit Crazies, If you missed Frank’s massive Federal Gov’t takeover extravaganza last night, you can view it here from the safety or your desktop. As you know, or might not know, my Easy Trade Button class just buys strangles and calendars. What you might not […]
What you are missing in the Pit Report
BY ANDREW GIOVINAZZI November 16, 2023 Yo Pit Crazies, Frank “The Tank” Gregory goes live tonight to show you how to use Capitol Hill to your advantage. Speaking of advantage, if you are an Option Pit subscriber do you have the app yet? Well if you do you would catch the Monday special […]
Shut the (*&^%$ Door on rate hikes, maybe not
BY ANDREW GIOVINAZZI November 9, 2023 Yo Pit Crazies, In what will be the meme of all memes, Fed Chair Jerome Powell says, “Shut the Fuc&^% Door.” There is nothing like a terrible bond auction to remind traders that rates are not going down. Everytine JPow gets up there and speaks, […]
Best hedge in the world
BY ANDREW GIOVINAZZI November 9, 2023 Yo Pit Crazies, My ace Edge Hunter sheet maker is looking at skew as I try to get a more short term skew sheet for short dated options. Note the 1st skew print is the blue line and the closing print is the orange line. […]
Massive Trends Are Looming
BY ANDREW GIOVINAZZI November 8, 2023 A couple of weeks ago I wrote right here that Microsoft Corp (Ticker: MSFT) earnings would lift the tide of boats in the harbor. Well I was a couple weeks early. MSFT made an all time high today and it looks like it is not slowing down. […]