🚗Housing Market Hit Hard 🏠

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Hey OP Crew, Griff here with the Chart of the Day. Everything was hunky dory today … until 1:00 p.m. ET when bank regulators unveiled hefty increases in bank capital requirements. We’re talking about a 16% increase in capital that must be put aside as a buffer to offset losses. This will further restrict loans and hit the housing market especially hard. The chart below shows the damage done to SPDR Homebuilders ETF (Ticker: XHB): [ [Power Income Trader]( bought a SEP15 83/81 put spread for .60 on the announcement. This may end up being a more significant correction … Stay tuned. Let’s Go! [ [ - DELTA STRIKE: INTC Sep15 34 calls closed for a 15% gain Want to find YOUR winning fit? Give our Customer Care Team a call at 1-888-8772-3301 Monday-Friday from 9 a.m.-5 p.m. EST. Or email them anytime at [support@optionpit.com](mailto:support@optionpit.com?subject=) Pit Report: MAT Breakdown This past weekend, the biggest movie opening of the year came out. No, it wasn’t an action move … It wasn’t a war movie … And it wasn’t a Disney movie … It was a movie about one of the most iconic toys in history. With this movie filling up seats and banking checks, is the toy maker in a position to go to the moon? Let's break it down. [Click here for my full breakdown.]( - Mark Power Moves: Escaping the Heat July is lining up to be the hottest month … ever. Over 100 million U.S. citizens are under heat advisories. Phoenix alone recorded over 20 days in a row over 110 degrees. Florida water temps reached “hot-tub levels” with a 101.1 temperature recorded. Rome, parts of Asia, the Middle East, and North Africa all set heat records. Potential heat related power outages could impact businesses. Some positively … but more on that in a second. The Fed couldn’t help itself and raised rates another 25bps yesterday. Rates are now at a 22-year high with the key rate between 5.25%-5.50%. While the Fed is anticipating an economic slowdown, it is no longer forecasting a recession. The recession is over! Did it ever really begin? The jump in rates will certainly impact consumer spending and prices. That impact might be exacerbated by the heat. [Click here for my deep-dive analysis.]( - Frank 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: Prime brokers: The very large clearing firms that house hedge fund accounts, much like Charles Schwab or Fidelity house retail trading clients. These are the big guys like Goldman Sachs, Morgan Stanley, Nomura, Deutsche Bank, etc. [( 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 [Unsubscribe]( or [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]( This email was sent by support@optionpit.com to {EMAIL} Click here to unsubscribe | [Manage Preference]( Option Pit | 190 S LaSalle Suite 3000 Chicago, IL 60603