Yo Pit Crazies,
And just like that, the oil market gets a sigh of relief. President Trump and Putin got on the phone and cut a diesel deal. Russia’s supposed to ship 300,000 tons right away, another 500,000 tons in November and a million tons after that, and the Treasury already issued a license waiving sanctions on Russian diesel through April 2027.
Will it have legs? Who knows!!
Russia’s own diesel export ban runs through October 31, and Trump tied the biggest chunk of the deal, 3 million tons, to the condition of Russia’s refineries. Ukraine’s drones have spent all summer knocking those refineries offline, so I’m keeping one eyebrow raised.
Zelensky’s already mad about it, saying it puts money in Putin’s pocket.
Still, my guess is this pushes the Ukraine/Russia standoff toward a faster end.
Speaking of viewing, I’ve got one of my best indicators for action. It’s not my only one, but it’s a good one, and it tracks long-term open interest.
The Fed Hiked. Big Money Didn’t Sit Still.
Andrew Giovinazzi’s AI scanner reads the options chain for the moment hedge funds pile into a stock.
Back in the day, I did this by eyeball. I’d literally comb through open interest and volume on key days. Below are two snapshots of Snap Inc. (SNAP) January 2028 options, the first from April 1 and the second from today.
See that big jump in open interest? That’s what it looks like when institutional money parks in a pile of long-dated calls and waits. I think that’s what’s going on in SNAP.
Below is my new scanner build that tracks option accumulation. Once a stock clears enough hurdles, I’ve got a trade. SNAP hit every one of my criteria in 2026, just not all inside a 90-day window.
Have you seen their new AI glasses, by the way? Snap rolled out Specs back in June. They’re standalone AR glasses hooked into OpenAI and Google’s Gemini, and they’re supposed to ship this fall for $2,195. I want a pair.
Oil is the story this week.
Oil’s the story this week, though. Hannah and I went live Thursday to talk about how rates are jumping and how that’s opening up opportunities in a lot of stocks. Oil’s been helping push rates higher, and now The Donald’s grabbing Vlad to help fix it. That should start to cool inflation and give a lift to the “other” stocks, the ones that aren’t AI.
I’ve got 143 stocks sitting in my Sibyl Scanner waiting to go into trade production.
Take a look at the next big market opportunity here.
I hope this was helpful,
AG