Profits in Pumps

Hi Shoppers, Citigroup (Ticker: C) has announced its earnings and looks like it is on a breakout to the upside: Here is my pitchfork for C, which it is following pretty well: There was massive volume on Friday’s breakout. C closed at $49.98. I am seeing the next resistance level at $52.70 and then at…

Hi Shoppers, I need to be brief, as it is my husband’s birthday! This is the first year I haven’t bought him a card. Is that weird? Or bad? It feels weird. We agreed not to buy cards for each other anymore. We gave up buying gifts long ago. My goodness, we sound like awful…

Hey There Shoppers, OK, so Option Pit’s Bill Griffo may not have been at the Rolling Stones first concert, which took place July 12, 1962 – 60 years ago!  And they are still touring (though sadly without Charlie Watts). But, I do know that Griff, Option Pit’s Head Income Trader, has been around the bond…

Hi Shoppers, Oil has had quite the ride. Pretty much straight up since last summer until early June of this year. SPDR S&P Oil and Gas Exploration (Ticker: XOP) went from $70 in August 2020 to $170 on June 8. There have been twenty trading days since June 8 and XOP has only had three…

Hi Shoppers, Option Pit has another essential live event for you free of charge … It takes place tonight at 7 p.m. ET. Andrew Giovinazzi and Mark Sebastian will let you in on the five stocks NOT to own. That’s right.  You will be able to make sure these stinkers are NOT in your portfolio.…

Hi Shoppers, A quick lesson on an important topic today .. Factors of an Option Price   Of all the factors that make up the price of an option, there is only one that is an unknown:  volatility.   The known factors in an option price are:   Stock price Strike price Days to expiration…

Headline:  Is NIO The One?Hi Shoppers, I am seeing a bearish set up in Nio Inc (Ticker:  NIO): Monday’s candle is a bearish engulfing formation and we have lower trade today giving us confirmation. Looking at the options, the July 8 expiration at-the-money could be a good purchase: The July 8 22 puts around a…

Hi Shoppers, So we just completed my son’s college orientation. Two very long days schlepping around campus from one auditorium to another in 100 degree Texas heat. I am not complaining by any means.  It was fun and exciting. The people representing the university were very informative, friendly, and fun. The food was great. If…

Hi Shoppers, The 2022 Westminster Kennel Club Dog Show selected a bloodhound for the Best in Show award for the first time ever. That’s 146 years! This dog show is the second oldest sport in the US … behind the Kentucky Derby. The winner’s name is Trumpet and he received a steak lunch at Tavern…

Hi Shoppers, This market is not stopping. Up 100 … down 150 … up 100 … down … ? Join Mark Sebastian his morning  as he brings together the whole Option Pit team to discuss these crazy moves. Beginning right at the open, at 9:30 ET, Mark is going live to present to you a…