The VIX Spikes

Daily Pit Stop [fstp, logo, header] April 13, 2024 [ag views, logo, header] CHWY is rising from the depths Yo Pit Crazies, This chart below shows VIX is back to the lows of the week as of Thursday night. Yesterday was a different story... But It also tells me SPX is putting the inflation picture behind it and any July Interest Rate shenanigans. [fomo]( VIX 5 day chart The chart below is the polar opposite of VIX. A chart of a stock I like is Chewy Inc (Ticker: CHWY). I got put shares at $21 and bought some more in the high teens only to watch it go to $15! Ugh! [fomo]( 20 day CHWY chart There is a practical use to options when I want to relever a trade. It is one of my favorite ways to use calls ideally suited for options. [You want to see what I did? Click here.]( - 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,] The Fear Gauge Awakens Hey traders! In today's video, we'll cover: - The VIX wakes up - What happened with the S&P and QQQ - Bank Earnings - UVXY Trade [yt]( [Click here to watch the video!]( - Mark  [frep] Ticker of the Week! Hey Traders, Have you seen the movie Air? If not…you should… One, it is a great movie. Two it tells the story of the explosion of Nike onto the basketball scene. Which brings us to the stock of the week. Nike has had a really rough last few months. Since December it is down 25%. WIth the stock hanging around 90 bucks is it time to jump in or is the stock heading to 70. [We are going to break it down..]( - Mark  [fpip] What’s Your Delta? Hi Shoppers, I am pretty sure you are familiar with the term “delta” related to options. This is just a little refresher. [Click here to read the full Delta refresher.]( - Licia  [fprm] Call Sign – Robot  Hey Influence Traders, Artificial intelligence (AI) is all the rage. By now, everyone is familiar with ChatGPT. When it launched in November 2022, the chatbot reached 15.5 million visits in its first week and hit a peak of 1.8 billion visits in May 2023. And more launches followed by Google, Microsoft and others. It has caught the attention of Congress, which is afraid it could drive election interference or spew misinformation. It was partially responsible for the Hollyweird writers’ strike. Like many industries, the writers were afraid AI would steal their jobs. The Writers Guild achieved assurances that companies must disclose whether any materials given to a writer have been generated by AI or incorporated AI-generated material. It has also caught the eye of the military industrial complex. And one stock has caught our eye. [Talk to me HAL!]( - 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:  Meme stocks - Typically stocks that are popular among Reddit and Robinhood users, called that because millennial traders often make memes about stocks they’re trading. [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. 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