Live Trading

Category: Gold

Did You Catch That SPX Rally?

Yo, Pit Crazies, That is four trading days in the last 30 WITH A 3% UP MOVE. Crazy upside volatility as investors want to pile in on hints of the Fed pivot … 3 month SPX chart with one-day candles How to catch this market moment? Be There Ahead of TIme 5% moves are not […]

Is FTX the new “When Genius Fails” and other stories from the floor

Yo, Pit Crazies, The sad crypto selloff playing out thanks to the FTX crash reminds me of the things I saw during my years as a floor trader in the pit. I’m sorry for the folks who lost money, of course. And, over the past decade, a key part of my approach to options education […]

Another Crypto Exchange Crashes, Gold Soars

Yo Pit Crazies,   First off, happy post-election day.   I’m sure we’ll see the country get back to civil discourse in no time!   Perhaps not.   If you are looking for positive vibes, stop by my SPYMaster open house today at 3 p.m. ET.   Also, if you want to reach your trading […]

VIX Options Get Cheaper

Yo, Pit Crazies, As I looked at VIX options while teaching my Pro Platinum class yesterday, I tried to think of a time when those options were cheaper (at least for VIX being near 24). The fact is, I could not. The reason why they are so cheap is a surprise … It took me […]

How To Read The Screen When It Is Ready To RUMble

Yo, Pit Crazies, As most of my students know, I am a big believer in reading the screens. The good news is, learning to read an option screen is a skill anyone can master if they want to learn. Below in a screenshot of Rumble Inc. (Ticker: RUM). The RUM markets are saying a lot. […]

What Is VIX Saying Into the Midterms?

Yo, Pit Crazies, The latest CPI number is out next Thursday and there may be some interesting trading going into that release. That was not the case yesterday. VIX was not at all interesting – down on the day, in fact – even as Big Tech made new low numbers. Alphabet Inc. (Ticker: GOOGL) is […]