A “Lehman Moment?”
Yo Pit Crazies, VIX was really moving on Monday. Our Pro Chat room was moving, too, and inside I will highlight some of the actionable ideas that members produced throughout the course. If you want money-making idea flow, the latest market conditions, real-time breakdowns of special situations and even old-fashioned, solid buy-write […]
Making Markets, Making Money
Hey Traders, Do you ever wonder where trades come from? Yes, you may put the order through, and pay for the options contract or stock from your account… But how do these trades actually get filled? Your broker isn’t magically matching perfect pairs of buyers and sellers within seconds for each transaction … It’s actually […]
3 Reddit Favorites On My Radar
Hey Traders, The retail crowd has certainly not lost interest in trying to provoke short squeezes, and “stick it to the man” (“the man” in this case being hedge funds and other institutional traders) … While combing through WallStreetBets is more likely to give you a migraine than a viable trade idea, it doesn’t mean […]
A $9M Big Bank Straddle (And My Piggback)
Hey Traders, Once again, Wells Fargo & Co (Ticker: WFC) is making headlines … And not in a good way (surprise surprise). This time, however, it isn’t anything the banking and investment giant has done itself, per say … But rather a letter sent to the Federal Trade Commission (FTC) from Massachusetts Senator Elizabeth Warren, […]
Headed For A Sell-Off Or A Bounce Back?
The Option Pit VIX Light Is Yellow: Volatility Is Going To Move. Hey Traders, The Option Pit VIX Traffic Light switched to yellow, as the market continued its selling from Friday. We are now coming into a Quadruple-Witching Expiration Week … Now the question is… Is it different this time? Is the market going to […]
Why You Need A Trade Team
Hey Traders, If you’ve been around here a while, you’ve probably heard me talk quite a bit about the importance of having a “trading mentor” – or at the very least, a handful of other traders that you talk to. I’m pretty adamant that any trader who wants to truly trade like a professional needs […]
How This ETF Can Practically Print Profits
Hey Traders, Lately I’ve been scoring some big wins on large caps, of all things … It isn’t every day that big-dollar stocks lend themselves to beautiful options trades … But my SharpBets program has been knocking it out of the park, with wins like +62% on Walgreens-Boots Alliance (Ticker: WBA), +75% on Walmart (Ticker: […]
It’s Not Kryptonite, It’s Uranium!
Yo Pit Crazies, Sitting here just now, I realized how much kryptonite sounds like cryptocurrency. Of course, they act a little differently. One of them can put down Superman, while the other is acting like Superman. The cryptos are pretty much leaping tall buildings in a single bound at this point. […]
A Uranium Triple-Header, Or A Hole-In-One?
Hey Traders, After the holiday weekend, Tuesday’s session kicked off with quite a bit of big buying volume in the pits! It seems like the shortened trading week isn’t slowing Big Money traders down … And it won’t be slowing me down, either – as you’ll see during Thursday’s special event, where I’ll not only […]
2 Key Features For Finding Your Best Option
Hey Traders, Volatility is my bread and butter … And it’s not just because I was in the room when the VIX was born! It’s crucial for anyone serious about trading options to get comfortable with the concept of vol … When you know how vol works, not only will you have a better understanding […]