Do You See What I See?
Hi Shoppers, I’m kicking off the week talking about the chip shortage crisis — again. Sorry, but I think it is very important. You see, chip manufacturing is a very particular undertaking. Suppliers can’t just find any old warehouse or factory and start spitting these things out. The chips are made in special facilities called […]
Pass the Chips
Hey Shoppers, Well, I was wrong. But that’s OK — because I have discipline and I cut my losses when I was supposed to … I’ll explain in a minute. Here’s what to know, though … If you find yourself just hoping and praying for a position to go your way, you should not be […]
Can’t Stop, Won’t Stop … GameStop?
Hi Shoppers, Did you see that yesterday? We have another GameStop/Reddit/meme stock situation on our hands. Kind of … Only now it is Rocket Companies (Ticker: RKT), the parent company of Quicken Loans. It closed yesterday up $17.30 — or 71% at $41.60. While the average daily stock volume for RKT is around twelve million […]
Out of Chips
Hi Shoppers, If you have a teenage son, like I do, odds are these days that he’s a gamer. When boys are younger, it’s so much easier to manage the amount of time they spend gaming. Now, I’m about ready to put a padlock on the door of his computer room because I can no […]
Delta Delta Delta
Hi Shoppers, My son is just beginning the college application process … So that means I am also beginning the college process. Ugh! It seems so daunting. Grades, test scores, extracurriculars, volunteer work, accomplishments, yada, yada, yada … OH! Then there is the essay … what to write about? And choosing the right school … […]
Charging Up on This Stock
Hi Shoppers, Let me show you what I am seeing in the American Express (Ticker: AXP) candlestick chart: What is this information telling us? Well, look how well that doji on Jan. 27 worked out. Stock traded from $114 up to a high yesterday (Feb. 23) of $138.31. Now, the new doji is signaling an […]
A Golden Opportunity
Hi Shoppers, So we missed my last recommendation in the SPDR Gold Shares ETF (Ticker: GLD) … I was right about the direction — but it happened too quickly! On the morning of Feb. 8, a Monday, I recommended a long call vertical in GLD. I had spotted a hammer candlestick, indicating GLD was going […]
Synthetic Options, Real Food
Hi Shoppers, As a (growing!) trading education firm, a healthy portion of our clients here at Option Pit are fairly new to trading options. So, I’ve two quick bites for you today that most everyone will find useful … How to ALWAYS know your risk when trading options and …Where to get the past patty […]
A Blizzard … of Oil
Hi Shoppers, I owe you at least one trade idea. Today I have TWO. My first is a cheap call in British Petroleum (Ticker: BP). I am in agreement with other members of the Option Pit team in terms of their outlook on gas and oil moving higher. (Check out Bill Griffo’s oil trade idea […]
Feeling Sorry for Myself (But There’s A Gift for You!)
[kc_row use_container=”yes” force=”no” column_align=”middle” video_mute=”no” _id=”680326″][kc_column width=”12/12″ video_mute=”no” _id=”387689″][kc_column_text] Hi, Shoppers, Last year, we drove up to Boyne Mountain in Michigan, where the kids learned an expensive but valuable lesson when their things were stolen while they were in the hot tub. Police were involved and everything. Fun times! This year, it’s just too damn […]