NVDA hits a ceiling while AI jobs panic spreads
Yo Pit Crazies, I’ve been on a mini vacation this week visiting my mom on the way to Florida for the Big Event. If you haven’t signed up, you still have time to grab the virtual sessions online. I spent Tuesday night and Wednesday trying to make a connection and slept in Newark for 12 […]
AI Will Not Kill Trading but It Will Change Everything
Yo Pit Crazies, The CEO of Anthropic dialed back some comments he made this week saying his tech will put everyone out of work and crater businesses. Apparently he forgot that someone needs to buy things that Anthropic supposedly is helping companies make easier. Do I still give my tax returns to an accountant? Probably […]
This where we are going
Yo Pit Crazies, Something funky is going on in the market. The VIX does not want to drop, stocks do not want to fall very much, and traders are revaluing the future at light speed. Investors might hope Nvidia (NVDA) rescues stocks later in the week, but something bigger is happening. While this is not […]
Tariffs Settled, but Two Wild Cards Remain
Yo Pit Crazies, If my Option Volatility Jargon is vexing, tap 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 Feb 20 VIX keeps making higher lows. We saw a small break last week, but the […]
The Fastest Way to Save Your Account
Yo Pit Crazies, I closed three positions in one morning. Palantir (PLTR) puts, Cisco (CSCO) puts, Chewy (CHWY) puts. None of them were disasters. None of them hit a stop. I closed them because they could not make money anymore. That is it. Most traders would have held all three. Watched the bid shrink, told […]
What you need to know about the Iran conflict
Yo Pit Crazies! Say what you will about the current administration, but things sure do change in a hurry. And change brings uncertainty. Consider the latest Epstein related happenings: Head Legal Council for Goldman resigns Prince Andrew arrested Bill Gates pulls out of a conference in India as the keynote Wasserman of CAA fame […]
The Mag 7 Broke the Options Market
Yo Pit Crazies, Mark said something on the Ticker Highlight Show Tuesday that I could not stop thinking about. Over 30 percent of SPY sits in about 10 stocks. Maybe you knew it was concentrated. But did you know it was that concentrated? It explains everything happening right now. VIX is priced at 19, which […]
Why zero DTE traders are feasting on this confused market
Yo pit crazies! Zero DTE options have taken the market by storm for a few reasons. The biggest one is that they move. Take the example from Apple (AAPL) below. AAPL is a flight-to-quality stock because they are not committing to capex on AI spending, at least not yet. AAPL is $10 from its all-time […]
So my brother wants to trade in your pit…
Yo Pit Crazies, It is Valentine’s Day so I thought I would take a walk down memory lane. No, this is not about old girlfriends from the 1980s and 1990s. It is about an encounter with a certain Jon “Dr. J” Najarian of CNBC fame. Before he was an Option Monster and Market Rebel he […]
I Was Wrong About This Week
Yo Pit Crazies! I can be right about the data coming out on payrolls and inflation, and normally that presses volatility down since the larger issues that have plagued us are somewhat under control. I pressed some short VIX maybe a week longer than I should have. Here is the thing. All the data was […]