NVDA Vol Plunges to Year Lows
BY ANDREW GIOVINAZZI September 10, 2023 Yo Pit Crazies, After doing this trading thing for 30 years, I’ve come to a few conclusions. I am only going to give you one or two because I don’t want your head to explode with ideas. Planning options trades is much easier when the market gives me something. […]
$10 in Risk → $1400 in Gains
BY ANDREW GIOVINAZZI September 8, 2023 Yo Pit Crazies, It all started when Mark Sebastian brought up the fact that some savvy customer was buying Apple Inc (Ticker: AAPL) puts for little tiny dollars: When AAPL went to $175 on Thursday, those puts went to $7.50 and $5.00 for ginormous returns. […]
13 VIX is the Maginot Line of 2023 Trading
BY ANDREW GIOVINAZZI September 7, 2023 Yo Pit Crazies, This is a constant subject in our Pro Room and throughout many of the pods I teach – how low can VIX go? The answer this year is around 13%. I haven’t seen sustained VIX numbers below 12 for a few years now. Single digit vol […]
The Post-Weekend Vol Crush
BY ANDREW GIOVINAZZI September 6, 2023 Yo Pit Crazies, One thing about trading which is my favorite saying is Your opinion is only as good as it makes money. I have a lot of ideas, but they don’t always make money. The best way to deal with that is to have proper position sizing. I […]
More Fun with the Vol Products
BY ANDREW GIOVINAZZI September 3, 2023 Yo Pit Crazies, If you missed our Pro Areas of Trading Mastery on Wednesday night you can look right here for the video. There are still 10 spots available out of 25 total so it has been very popular right now. Join a community that trades with you. Speaking […]
Read This Before You Make Your Next Trade
BY ANDREW GIOVINAZZI September 1, 2023 Yo Pit Crazies, Mark and I introduced the Pro ATMs on Wednesday night. Our Pro ATMs are Areas of Trading Mastery for all those who did not attend. Click to see the video here. There’s one question I get every week that is essential to making […]
Why Do Things Change So Fast?
BY ANDREW GIOVINAZZI August 31, 2023 Yo Pit Crazies, Market Conditions are kind of like the weather – wait long enough and they are guaranteed to change. Wait really long and they won’t resemble anything you can remember. The cove I live on was carved by a mile thick sheet of ice 100,000 years ago. […]
A 100% Win – How Does it Happen!?
BY ANDREW GIOVINAZZI August 30, 2023 Yo Pit Crazies, Check out the Areas of Trading Mastery you need to become a Pro Trader tonight at 7:00 ET. We had fun at the Trading Desk yesterday T-Bond Yields cratered after the Consumer Confidence Index came out light. In this market, if rates go […]
How to Be a Pro Trader
BY ANDREW GIOVINAZZI August 29, 2023 Yo Pit Crazies, Sometimes, there’s not much to do in the option markets. I’ve had summer days where I would fall asleep in the pit because business was so slow. Other days I couldn’t leave the pit because the action was crazy. 6.5 hours of pure mayhem. […]
Powell Spilled, VIX Spilled Harder
BY ANDREW GIOVINAZZI August 27, 2023 Yo Pit Crazies, J-Pow did his bit by keeping the rate thing steady in his Jackson Hole remarks. He’s not raising for now but could change his mind. With bank and US Gov downgrades on his mind, he has to be hearing that. My prediction is that […]