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 […]
Your “Fee-Free” Broker Is Costing You More Than You Think.
Hey Traders, “Fee-free options trades!” “No commission trading!” Music to the retail trader’s ears, right? …Wrong. At least, if you knew the true cost of “fee-free trading,” you might not be so quick to hop on the “commission-free brokerage” bandwagon. Whether you realize it or not, your fee-free trading platform has a higher cost than […]
Cyber Time
Yo Pit Crazies, I seem to remember former President Trump not too long ago talking about “the cyber.” Parsing through his words, he meant cybersecurity. Last week, some heavy hitters went to the White House to talk with President Biden about “the cyber.” It is a growth industry, so let’s check […]
A Bullish Bet With Tell-Tale Signs of “Smart Money”
Hey Traders, Usually, when it comes to trading, I prefer to keep it domestic … (À la Capitol Gains, where Frank and Andrew play the biggest news out of DC by finding the trades everyone else overlooks!) Especially with the drama that seems to always be plaguing Chinese tickers these days … Misreporting, government crackdowns […]