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[] [( [( MARK-et Open Hey OP Crew, Griff here with the Chart of the Day. The bank to keep an eye on – Deutsche Bank AG (Ticker: DB) – is plunging … [ The greatest reason for worry is the policy leaders reassuring everyone that DB is strong and stable … - GERMANY'S SCHOLZ: EUROPEAN BANKING OVERSIGHT IS ROBUST AND STABLE, DEUTSCHE BANK IS `VERY PROFITABLE', NO REASON FOR WORRY - ECB'S LAGARDE TELLS EU LEADERS EURO AREA BANKING SECTOR STRONG, ECB FULLY EQUIPPED TO PROVIDE LIQUIDITY TO EURO AREA FINANCIAL SYSTEM, IF NEEDED The banking issues will be around for a while and the market will chop around until the Fed pauses and then lowers rates. In the meantime fade sharp moves against key option positioning levels to stack income … [That’s how I turned $633 into $1,503 this week.]( Join me in Power Income Trader by midnight Sunday night at the best price ever. Then we can play with the house money to go for huge wins once Fed policy officially shifts to lowering rates. Let’s Go! [ - JUST GRIFF’S RECENT TRACK RECORD. MY WORD [ [Join Griff in Power Income Trader now for the best price EVER.]( Pit Report: OXY Macro Analysis Bill Griffo here in the Pit Report today. Occidental Petroleum Corp. (Ticker: OXY) is a large independent oil and gas producer. It’s a well diversified business, with operations spanning the U.S., Middle East, and North Africa. They provide gathering, processing, and transport services and separately hold a 51% equity interest in Western Midstream Partners LP (Ticker: WES). They also have a chemicals business which produces caustic soda (a widely used industrial alkali) and PVC (a construction material). So they are well diversified … but do they have value? How do you make money trading OXY? [Click here to take a look.]( - Griff Profits In Pumps: Who Is In Charge? The market is still going nuts. We’ve had some pretty good sized moves up and down. Jerome Powell and Janet Yellen are doing their best to ease everyone’s fears. Did you happen to catch J-Pow when someone asked him why the San Francisco Federal Reserve wasn’t aware of what was happening at the Silicon Valley Bank? He is usually very good at answering questions and generally has an explanation. This one threw him off. He said I need to get back to you on that. Sounds to me like someone/people/entities weren’t doing their job. Don’t worry, they are investigating the whole situation. It won’t happen again!! [In the meantime, I am thinking the Rusell 2000 may be breaking down. Go here to view my chart.]( - Licia AG's Views: J-Yello Convenes The High Council From the desk of Option Pit Director of Education Andrew Giovinazzi The midday market is going nowhere after a 24+ VIX. “It is time for everyone to lift their skirts and show us what ya got,” a famous floor broker once said. Now I do have some colored memories of my floor trading days; however, the Great Financial Crisis was one of confidence. And to be honest, most of the short-term pricing in stocks and options is just confidence on a knife edge. For the GFC I was on the outside looking in, working for a fintech startup after 15 years of floor trading. The similarities to that and now are striking. Also striking is that just 15 years since the last big problem we had another. I blame the Fed and loose policy that did not set rates correctly. Treasury Secretary Janet Yellen, or J-Yello as she has been newly christened, is about as decisive as she has been this week convening a council to figure out how much trouble the banks are in. Government policy is rarely proactive and in this case transparency would be best. [ The big question is does it get worse or better this weekend? The VIX Apr19 cycle has nearly a full cycle to run and I cannot believe it is over. Buying iPath IShare Short Term VIX Futures ETN (Ticker: VXX) strangles prices well right now. - AG OPTION PIT GLOSSARY [( There are plenty of terms in the trading world that need defining. The [Option Pit Glossary]( is here to help. Today's phrase is: Flash crash: An algo-driven market move that is usually computer generated, causing the stock market to halt trading after it trips the circuit breakers. [( 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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