Pit Stop [fstp, logo, header] August 9, 2024 [ag views, logo, header] The 3 things you want to know that VIX is telling you Yo Pit Crazies, After reading this letter, you will want to check out Mark explaining [VXX HERE](. Yes I am up at 530 am every morning reviewing the day that just happened. Mark your calendar when I take time off or go to Chicago for stocks to actually do something. It is like clockwork. I take off on Monday and VIX gets close to a record 1 day move. I have family vacationing here at my house and VIX stays above 24 all week long. The 1st time in 2024 just happens to be the random week in August I choose to be out. Oh my. One reason why the VIX curve fascinates me is because if I had VIX when I was a floor trader things would have been …. Easier. It is the best place for market information that I have seen and I have been doing this now for 35 years. [ded]( VIX curve Friday morning, Aug 09, 2024 [Right now the VIX curve is telling me 3 things that you want to know]( - 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,] Apple Controls the Future of VIX Hey Traders, In today's video, I break down why Apple Inc controls the fate of the VIX. Let's Dig In. [ded]( [Click here to watch!]( - Mark --------------------------------------------------------------- Want to get Mark's Trader's Edge updates directly to your inbox?[Click this link to sign up!](  [frep] Big Flow Friday is here! Hey Traders, We have reached Friday and that means Option Pit Live in the morning! Today we'll talk about Markets in Turmoil and what we think is coming next. [Tune in here and say hi in the chat!]( - Mark --------------------------------------------------------------- Receive the Option Pit "Ticker of the Week" breakdowns as soon as they are released. [Click this link to sign up!](  [fpip] I Told You So Hi Shoppers, I sure hope you read and paid attention to my last write up. After that tremendous rally Wednesday morning, we had an enormous reversal of 135 points, closing on the low of the day. Like I said, fill the gap and continue in the same direction, in this case lower. Yesterday, however, we had a nice rally of 119 points. I am not completely convinced we are going back to our previous highs. We can definitely rally from here but you need to watch that gap created on August 2nd. It is quite possible that we trade up to that gap, close it and then continue the selling. Trading back to that level will also test the resistance of the 50 day moving average. [FPIP] Closing the gap is at $5410 and the 50 DMA is $5444. This has been a pretty sketchy market with these large swings. I don’t think it is over, trade accordingly. [Check out my new trade idea in Baxter International (Ticker: BAX).]( [P.S. It isn’t too late to get into that VXX Trade for $79, double your money!]( - Licia --------------------------------------------------------------- Join Licia's trading community and start receiving her Profits In Pumps Newsletter. [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:  Opening trade - For options, when a buyer or seller initiates a trade and creates open interest. [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.
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