[fstp, logo, header] March 28, 2024 The room for tonight’s Third Wave Crypto Anomaly is OPEN. [Come on in and join us now!]( [ag views, logo, header] Here we go again! SPX up, VIX up as traders brace for new highs How can this happen, you say? Well easy. Traders are bidding up the SPX Apr26 5300 calls into a 3 day weekend. Granted it is some of the decay going back in but still going into the end of the quarter all signs point to higher stock prices next week. [ded] I sent a video out to my Pro and WPC students describing this effect. I also bought SPY call spreads in Weekly Profits Cycles since the only thing that works in a bull market is staying long. It is what it is. Up we go. Speaking of it is what it is, Crypto expert Greg Magadini visits Option Pit tonight to opine on what he knows, Crypto. Greg runs a data analytics firm and you know I like my vol and Greg will bring the Crypto numbers. [Check it out, I'm there right now.]( - 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)  [fprm] Defense Gets a Boost Hey Influence Traders, In a sneaky weekend move, Congress passed a $1.2T bipartisan spending deal. The President wasted no time signing it into law. I’m sure that everyone involved read all 1200 pages. It moved so quickly that the Senate had no time to propose changes to the House-passed bill. According to Biden, “The bipartisan funding bill I just signed keeps the government open, invests in the American people, and strengthens our economy and national security.” He added that “This agreement represents a compromise, which means neither side got everything it wanted.” There might be some folks who are disappointed, buy the defense industry is not one of them. The Departments of Defense and Homeland Security got full funding through September 30th. More than 70% of the funds approved go to the Department of Defense. Foreign aid and nondefense spending saw slight cuts. Needless to say, the progressive wing is not happy. As it happens, I was at a Defense Department conference when the Bill passed. A lot of large defense contractors were in attendance. Many were … to say … giddy. [Let’s Look at Some Happy Campers]( - Frank --------------------------------------------------------------- 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](   [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:  Big Board - A nickname for the New York Stock Exchange (NYSE). [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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