Option Pit Lifts up the Kimono

BY ANDREW GIOVINAZZI 

October 15, 2023 

Yo Pit Crazies,

 

Next week Mark and I are doing the 1st 2 hour Saturday Class in 4 years.  These were very popular and the basis of our OP Course you can purchase on the website.  This will be slightly different.

 

You see, in this class, we will walk through the process of building a trade engine.  What it takes, the inputs and how to use the ideas created.  After all, what good is a trade engine if it does not deliver actionable trades?


 

The good news is anyone with a TOS account will walk with an actionable goodie right away.  We even have a solution for the non-TOSSERs.

 

Now what is going to be in this class?

What was my best ever trading class?

It was my time spent pit trading that taught me the most.  My first trading in wartime was Gulf War 1 in Feb of 1991.  I was pretty nervous going down to trade the day the USA went in.  My mentors at the time said, be ready for vol to move.  And I just wasn’t ready for that move to be down, and down and down.  I gave up 20% of my trading year in one day on the vol crush.

 

 My early lesson was trade for what you see, hedge for what you don’t.  I could not believe the market rally with a war on.  I should have listened to the old guys who were teaching me what was up.  Voi will move, up or down.  For reference the INDU, Dow Jones Industrial Average, was around $2000 back then.  Not so anymore at $33,670.

 

This list is what came up using our Prop Scan.  Interesting mostly green on a red day.  That is a scan I want.


 

What you are going to learn in our trading class is how to see what a trading edge is, how to structure a trade and make the trade work.  You did not have to trade through Gulf War 1, or 2 for that matter, but you can get the benefits of what I learned.

 

Sign up here.

 

To Your Trading Success,

 

AG

Andrew Giovinazzi

30-Year Trading Pro

pit profits

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Andrew Giovinazzi

Andrew Giovinazzi

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About the Author

Andrew Giovinazzi

Andrew Giovinazzi

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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