Stocks made all time highs then retreated!

What happened? [fstp, logo, header] June 28, 2024 [ag views, logo, header] What happened?  Stocks made all time highs then retreated! Mark Double Down 0DTE program cranked a 113% return! [Check it out.]( The debate, it happened. The PCE, it happened. End of the quarter, it happened. All things were set to go, SPX tipped $5500 and the Invesco QQQ Trust hit $487 on its way to maybe $500 next week. Then it all stopped. Sell programs or something derailed the rally as folks at Option Pit were getting their long calls queued up to sell. Thankfully we did across several products. [ded] QQQ 20 Day chart I still think the events of late in the week will spur a relief rally as fund managers pile in on the short 3 day week. We hit some highs Friday but I think stocks get bought Monday after a short seloff. VIX was up a paltry .20 to 12.44 which is still one of the lowest closes for 2024. After all this is America and stocks go up and it is the 4th of July. - AG  [logo, pit profits] - Option Shopper - OS closed MRK Jul05 132 puts for 138% gain - Option Shopper - OS closed TLSA Jun28 299 calls for 125% gain Want to find YOUR winning fit? Give our Customer Care Team a call at [1-888-872-3301](tel:/1-888-872-3301) Monday-Friday from 9 a.m. - 5 p.m. EST. Or email them anytime at [support@optionpit.com](mailto:/support@optionpit.com)  [logo, fvix, header,] PCE and the Market Hey Traders The S&P 500 is sitting right near an all time high. On Friday PCE came out…on Thursday night we watched a presidential debate… One would think that options are pricing in wild movement… Mark looks at the VIX… The VIX is 12.24. Mark: Well apparently this market is bullet proof and nothing can stop it… Or is it… [Let's break down the pricing of the S&P 500 options and look for some opportunities…]( - Mark --------------------------------------------------------------- Want to get Mark's Trader's Edge updates directly to your inbox?[Click this link to sign up!](  [frep] Ticker of the Week: Broadcom (TIcker: AVGO) Hey Traders, NVDA is the bell of the ball…but it has a little sister… If NVDA is Elsa from Frozen….this stock is Anna…maybe the real star of the movie…if not nearly as blonde and famous for singing ‘Let it Go!’ We are going to look at ANOTHER stock with a huge stock split coming…a stock that has been almost as hot as NVDA. Is this stock going to continue to be NVDA’s little…or is it going to be cast off like a wicked step sister that can’t fit into the glass slippers… [We will break it down for you….]( - Mark --------------------------------------------------------------- Receive the Option Pit "Ticker of the Week" breakdowns as soon as they are released. [Click this link to sign up!](  [fpip] Do You Foil? Hi Shoppers, I am running late today. Our son arrived last night to spend some time with us here in Florida. We are so excited to hang out with him. He and Scott are actually planning on trying to foil. Have you seen these things? They are pretty wild.  [ded] I plan on watching them first before attempting to try it. I think they actually have one that has a handle or something to make it easier, that would be more my speed. I will let you know how it goes and find out why it is called foil. [P.S. It isn’t too late to join Voz and Mark today at 3:00 ET for Free Friday.]( [On to the trade idea in Celsius (Ticker: CELH).]( - Licia --------------------------------------------------------------- Join Licia's trading community and start receiving her Profits In Pumps Newsletter. [Click this link to sign up!](  [fprm] Circus Monkeys Hey Influence Traders, All I can say about last night’s debate is – WOW! I haven’t seen anything that cringe worthy since Ross Perot threw Adm. James Stockdale to the wolves in 1992. America did not put her best foot forward. Biden looked like something out of Dawn of the Dead. Trump was … Trump. The conspiracy theorists on both sides of the aisle are running fast and furious as to the future of Biden. I’m actually shocked at how many Democratic operatives are calling for him to step aside. I’ve never seen anything like it. The election Circus is in full swing! Let’s try and push the conspiracy monkeys aside and get to the middle of the big Tent. [Trump Bump]( - Frank --------------------------------------------------------------- Get all your DC Insider info inside of Frank Gregory's "Power Moves" Newsletter. [Click this link to sign up!]( --------------------------------------------------------------- Don't miss when our traders go live! Get an alert everytime we open the live rooms to all of our readers for free by selecting the calendar you use below. Add Option Pit Live Events to Your Calendar [Apple]( [Google]( [Outlook]( [Outlook.com]( [Office 365]( [Yahoo](   [glossary, logo] There are plenty of terms in the trading world that need explaining. The Option Pit Glossary is here to help. Today's phrase is:  Call option - A contract that gives the buyer the right -- not the obligation -- to buy an underlying security for a length of time (before expiration) at a given price (the strike). Usually the contract size is for 100 shares of the underlying. 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