$6 Up Days in a Row for SPX – Most in a Year
BY ANDREW GIOVINAZZI November 7, 2023 Yo Pit Crazies, SPX just had its biggest run in a year. I don’t know how it will go for the rest of the week but it sure looks like folks do not want to miss the rally into the end of the year. There are some forces keeping […]
Stocks Have Best Week in Months
BY ANDREW GIOVINAZZI November 3, 2023 Yo Pit Crazies, Were you ready for it? I sure was – two weeks ago. Note the circled spot below where I started to dump a whole trove of S&P 500 Trust ETF (Ticker: SPY) put spreads that I owned from early Oct in several products. Then the market […]
SPX Biggest Up Move in Four Weeks
BY ANDREW GIOVINAZZI November 3, 2023 Yo Pit Crazies, In yesterday’s OP Newsletter I wrote this: “Also, I don’t see a parabolic rally, but the market is planning on one. In the Pit Stop I covered the bid for upside vol. Upside call butterflies could play equally well in the big indexes.” […]
Why Short Term VIX Matters the Most
BY ANDREW GIOVINAZZI November 2, 2023 Yo Pit Crazies, Spot Gamma goes live on Thursday. Grab your seat today. Also for all you OP Mentoring students, you can get a month of the Pro Chat Room for $300! If you can’t get a good trade to make the $300, let me know and […]
The First VIX Contango in Two Weeks
BY ANDREW GIOVINAZZI November 1, 2023 Yo Pit Crazies, Check out all the Griff you can as he scales the Caaawll Waaawll with SPOT GAMMA. For those into the more esoteric VIX information, this is the 1st time in a couple of weeks where VIX cash closed below the VIX futures. That is […]
The Longest VIX Backwardation in a Year
BY ANDREW GIOVINAZZI October 31, 2023 Yo Pit Crazies, If you want to learn about Gamma and Flow, check out Griff’s upcoming class with Spot Gamma this weekend. The IDF finally went into Gaza and the only thing certain is social media is abuzz with totally conflicting sides to the story. I will let the […]
Some Indexes Are Seeing COVID Era Lows
BY ANDREW GIOVINAZZI October 29, 2023 Yo Pit Crazies, If you are a member of OP Mentoring you can try out the Pro Room for about the price of a Starbucks everyday. Come and get it. This market cycle has been ugly. Most of the year the SPX was driven by just 7 […]
VIX Heading Lower in the AM
BY ANDREW GIOVINAZZI October 27, 2023 Yo Pit Crazies, Every time things look ugly in stocks and VIX wants to launch, it cannot get into the stratosphere or what I call Zone 4. That is VIX above 24 and where it spends roughly 25% of its time. It spends 50% of its time below […]
VIX Responds, SPX Does Not
BY ANDREW GIOVINAZZI October 26, 2023 Yo Pit Crazies, Spot Gamma goes live on Thursday. Grab your seat today. Also for all you OP Mentoring students, look for a surprise offer this weekend. You don’t want to miss it. So Israel is going to wait on the Gaza Invasion and the Republicans got a […]
If the Greeks Can Do It…
BY ANDREW GIOVINAZZI October 25, 2023 Yo Pit Crazies, Take a look at the Spot Gamma talk this week for Thursday. Also, if you have not checked out Delta Strike and the Little Engine that Could there still is a chance to do so here. This was a story in the Wall Street Journal today: […]