State of the Market - October 30

Option Pit Income [frep, frep header, header, logo] Big Money is preparing for post-election. Where are they heading? Let's track the money and find their trades[Click here to get started.]( Yo Pit Crazies, Here's my update. Overall State of the Market With Halloween around the corner I can’t help but feel that the VIX is currently a 12 dressed in a 20 costume! VIX is now TRIPLE realized volatility, otherwise known as ACTUAL market movement. So while the broader market is experiencing very little movement, fear gauges like the VIX are very high. And rates volatility? Even higher. Bond volatility is about as high as we’ve even seen it ahead of an election. Why? Well, take your pick… pivotal election, pivotal FOMC meeting, and just maybe… pivotal amounts of debt. Since the Fed cut rates by 50 basis points we’ve seen rates going nowhere but up. The 10 year yield has soared from 3.70 to 4.25 - an almost record move. That is not a rates market that is on the same page as the Federal Reserve. But this isn’t news to me. As I’ve been saying for months, the risk is not that the economy slows or that employment rises, it’s that inflation begins to rear its ugly head again. Markets are stable this morning as GOOG didn’t disappoint. That’s a good sign for the ad spend world and that is pushing META close to 600. Our risk reversal trade from last week? Almost a home run at this point. In at $1.25, we took off half at $13.40 yesterday. At 600-605 I will sell the remaining. But my data is showing that Mag7 is still very underowned and I’m looking for further follow through as the year winds to a close. Let's talk economic data and go over my watchlist in [the full article here.]( Until next time Crazies… [sig, mark sig, signature] 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]( 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](