Stocks Near All-Time Highs While Everything Screams Sell
Yo Pit Crazies, The dollar is collapsing, gold and bond yields are flying, and the U.S. government might shut down. Oh, and one more thing: stocks are a whisker from all-time highs. Check out the snap below: That’s right, into the end of the day, stocks traded near all-time highs. I cannot script this any […]
Three Forces Keeping Markets Volatile
Yo Pit Crazies, VIX rallied for two straight days last week while stocks went up. That’s backwards. Normally when stocks rise, VIX drops. When they move together, the volatility market is telling you it expects surprises ahead. Good GDP numbers didn’t calm it. Strong earnings didn’t calm it. The House completing all 12 appropriations bills […]
The Ticket Rippers
Yo Pit Crazies, This whole Wiretap thing has me reminiscing about the old days when I traded on a floor with paper tickets. Wiretap has nothing to do with paper tickets, but traders have run pools of capital since the Egyptians traded wheat futures. What has me thinking about this is the nature of flow […]
Someone Is Always Watching
Yo Pit Crazies, A lot of you might be wondering why I like to watch the VIX. The Cboe Volatility Index (VIX) measures fear in S&P 500 (SPX) options. The S&P 500 is the global benchmark every fund manager wants to beat. Warren Buffett famously bet a hedge fund manager he couldn’t beat the S&P […]
What 40 Years on the Floor Taught Me About Algos
Yo Pit Crazies, I’ve been trading for a long time. I made my first options trade in 1989, and it’s hard to believe I’m coming up on 40 years as a trader. Thinkorswim keeps charging me a Pro rate for data, so that’s one way to tell. I’ve been a quote operator, floor clerk, floor […]
Goldman is 40 bucks away from a round number
Yo Pit Crazies, Goldman Sachs just had a $40 range in two days. It’s sitting at $960. A thousand is right there. Too close not to go. The Magnet Effect Round numbers in stock prices aren’t just psychological. They’re structural. Research in behavioral finance shows that traders cluster their orders around round numbers. Stop losses […]
My scanner found 17 stocks. I bought one that wasn’t on the list.
Yo Pit Crazies, My new scanner just ran through the entire market and spit out 17 stocks that met every single criterion. I bought one that wasn’t on the list. Let me explain why the human element still matters, even when the algorithm is doing exactly what you built it to do. The scanner methodology […]
Oil Supply Is Still a Thing
Yo Pit Crazies, Today I want to walk you through a few things that might seem unrelated but actually tell the same story: geopolitics, bank earnings, oil stocks, and the VIX. Here’s the thread that ties them together: The market is trying to figure out whether we’re heading into a period of stability or chaos, […]
Congress Fiddles while Healthcare burns
ANDREW GIOVINAZZI December 14th, 2025 Yo Pit Crazies, If my Option Volatility Jargon is vexing, check our Glossary here. AG’s alter-ego Vol Man here with my weekly analysis. As usual, I start with my last forecast. Last Week’s Big call for Dec 12 “SPY likely sees 695 as FOMC cuts rates. I […]
Bitcoin’s nightmare week – the selloff that caught everyone off guard
ANDREW GIOVINAZZI November 23th, 2025 Yo Pit Crazies, If my Option Volatility Jargon is vexing, check our Glossary here. AG’s alter-ego Vol Man here with my weekly analysis. As usual, I start with my last forecast… Last Week’s Big call “I expected SPY to test 660 or lower with VIX closing […]