See It: Two Ways to Profit
Hi Shoppers, Not much makes me happier than when the Option Pit team can help you profit off a single idea – in multiple ways. And that’s exactly what’s happening right now. I’ll explain … You see, each team member has their own style and strategy for finding profitable options trades. And it really underscores […]
Family Milestones
Hi Shoppers, As parents we always remember the major milestones in our children’s lives. Those “first time” moments. Here at our house, we just had one. My son is a senior, he is eighteen years old. I wanted to meet my husband in Dallas for a long weekend. My son did not want to join […]
Fed Up? Today is the Day!
Hi Shoppers, It’s happening today! That’s right. Bill Griffo, our Federal Reserve expert, will be walking us through all the “Fedspeak” at 3 p.m. EST. He is our official translator. Griff will have the breakdown of everything Jerome Powell has to say and what it means to the market. He will tell us the major […]
The Man I Trust for Trading Advice
Hi Shoppers, Wow, what a crazy week! In my last letter, I called $425 on SPDR S&P 500 (Ticker: SPY) … and I still think we can trade down to that level. That would be right about an 11% move from the high close on Jan. 4 – AND we still have the Fed on […]
Don’t Get Chewed Up
Hi Shoppers, Wow, it’s pretty dicey out there. The market has been very volatile for a while now and it picked up steam yesterday. Look at these daily candles in SPDR S&P 500 (Ticker: SPY): Those are some wide-ranging candles that show the big swings up and down. Yesterday, SPY gapped up $2 on the […]
Is Oil Ready for a Pullback?
Hi Shopper, Is oil ready for a pullback? And could this be your chance to strike it rich? You see, Brent Crudejust traded at its highest level since October of 2014 at $88.51 … And West Texas Intermediate touched $86.61 yesterday … A drone strike hit three tankers in Abu Dhabi […]
I’m Thinking Doji
Hi Shopper, Is Friday’s candle in Pfizer (Ticker: PFE) a doji? It could very well be a doji – and it is very close to the 50-day moving average. PFE has traded down from a high of $61.71 on Dec. 21 to Friday’s close of $54.95. If PFE opens and trades higher Tuesday, I would […]
Mark Your Calendars
Hi Shoppers, I want you all to mark your calendars from the opening of the market at 9:30 AM ET until the close at 4:00 PM ET this Thursday January 13th. That’s right! You are invited to join the entire Option Pit team for a full day of live trading. We will be live nonstop […]
School’s Out For … ?
Hi Shoppers, I am sure you have heard by now that the Chicago teachers have voted this week to go back to remote learning. It was literally announced somewhere between midnight and 4 a.m. on Wednesday morning. The only reason I know that is because Scott wasn’t here so I was pretty […]
In Awe of Words
Hi Shoppers, I saw this quote from John Steinbeck the other day: The discipline of the written word punishes both stupidity and dishonesty. Nowadays, with so many people being able to express themselves through so many outlets, I am afraid this statement is very far from what is currently happening. John Steinbeck would be amazed […]