Another Day Deep In The Red

Option Pit Stop [fstp, logo, header] August 5, 2024 Our Trade on VXX is looking juicier and jucier with all the current market volatility. If you're not in yet, get in before it's too late. [Click here.]( [ag views, logo, header] VIX makes a 1 year high Hey Pit Crazies, The newest edition of Vol Man is now available! [Click the Vol Man below to access the article.]( [vol man,]( - AG  [logo, pit profits] 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,] Will The Bloodbath Continue? Hey Traders, Another painful day in the markets. [Will the bloodbath continue?]( Tune into our latest video for why the market is falling, what a Japanese Yen carry trade is and what I see happening next in the market. [yt]( [Click here to watch the breakdown.]( - Mark --------------------------------------------------------------- Want to get Mark's Trader's Edge updates directly to your inbox?[Click this link to sign up!](  [fomo, header, logo,] VIX exploded, SPX sank, what you need to know Yo Pit Crazies, [Tune into Mark’s VXX extravaganza here as the volatility scenario plays out in the coming days and maybe weeks.]( The story of VIX this week is really about the news and that bad news is bad again. VIX dropped and popped on the earnings news, the FOMC, and mideast worries. That was the brew that kept VIX moving. What the market, or at least the algos, did not like was the NFP report. It came in very light, way below what was expected and with the less than perfect earnings stocks dropped from dizzy heights. [ded]( 5 day VIX chart with VolMan highlights What you notice is VIX made a low this week in the 15s and high of around 29 before dropping back to the top of Zone 3 at 23.39. That is just shy of the Danger Zone 4 of greater than 24 or the top quartile of volatility that we have not seen in 2024. The big reason for this is SPX stopped dropping on Friday. VIX did not hold the peak which is gives the bulls a small reason to celebrate. A higher VIX is not the thing that worries me most. [It is this.]( - AG --------------------------------------------------------------- Receive the Option Pit "Ticker of the Week" breakdowns as soon as they are released. [Click this link to sign up!](  [fpri] Payroll’s Trigger Recession Hey Income Hunters, The payroll number on Friday was much worse than expected with the US adding just 114K payrolls vs 175k expected … We were also told revision’s to the past couple of years were much weaker … The most significant event however, was that the unemployment rate is breaking out higher, which triggers a very reliable recession signal: [FPRI] The Sahm rule says a recession is under way when the 3-month average of the unemployment rate jumps more than half a percentage point in a year and that has officially been triggered on Friday’s rise. I believe this now raises the Fed’s concern of a large correction in stocks, which may kick off aggressive rate cuts … [Today, we’ll take a look at what that means for markets in the weeks and month’s ahead …]( - Bill --------------------------------------------------------------- Never miss an edition of Bill Griffo's Power Income Newsletter ever again. [Click this link to sign up!](   [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:  Carry Trade - A carry trade is a trading strategy that involves borrowing at a low-interest rate and investing in an asset that provides a higher rate of return. A carry trade is typically based on borrowing in a low-interest rate currency and converting the borrowed amount into another currency. Generally, the proceeds would be deposited in the second currency if it offers a higher interest rate. The proceeds also could be deployed into assets such as stocks, commodities, bonds, or real estate that are denominated in the second currency. [ftsp] All the Right Options. The Option Pit Team brings more than 150 years of experience to you every day. From the trading pits of Chicago to the world's largest banks to the halls of power in DC -- they've done it all. Now they’re collectively focused on one thing: making YOU a better, more profitable trader. Click the button below to schedule a call with our concierge Customer Care Team to find your best fit today. DISCLAIMER: FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. The materials presented from Option Pit LLC are for your informational and educational purposes only. Neither Option Pit LLC nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational and educational purposes intended is at the user’s own risk. DISCLAIMER: OPTION PIT LLC IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Option Pit LLC is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented materials. Specific trading ideas or strategies discussed in the presentations or materials are entirely illustrative and do not constitute the solicitation of a transaction (or transactions) or a recommendation to execute a particular transaction or implement a particular trading strategy. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Want to change how you receive these emails? You can [Update your preferences]( This email was sent by support@optionpit.com. 1-888-872-3301 [Option Pit]( | 190 S LaSalle Suite 3000 Chicago, IL 60603 | [Privacy Policy](