And then there was 1

Daily Pit Stop [fstp, logo, header] April 16, 2024 [ag views, logo, header] And then there was 1 Chairman Powell said what everyone knows and says this inflation thing is not going away. That likely means rates are staying where they are this year. The inverted yield curve is here for a while it would seem. Last week inflation was higher and bonds took a dive. [fstp] Then Iran decided to attack Israel which mostly just left everyone more angry. It also pushed VIX into Zone 3 close for the first time in 6 months. With VIX dropping into the 17 handle and out of Zone 3, this just leaves the big unanswered question of the Middle East. Until Uncle Sam stops spending, rates will stay where they are. Israel will make Iran pay at some point no one really knows when. So in the short term VIX should ease. The VIX curve is starting to drop out of backwardation which is normally bullish SPX. [fstp] I could even see a long VIX, long SPY idea in Weekly Profit Cycles this week. I closed some SPY put spread last week and this week and now the upside looks back in play. - AG  [logo, pit profits] - Option pit Mentoring - OPM Div+ T Feb16/Apr19 put diagonals for 58% gain 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)  [frep] NKE -- How We'd Just Trade It Hey Trader, This week during our Ticker Highlight Show, we covered Nike Inc (Ticker: NKE). If you don't know what our Ticker Highlight Show is, it's an extra live trading session Andrew and I host on Mondays at 10:30 a.m. ET each week for Option Pit paid traders who have an account on our Option Pit WebApp. This means they get their trade alerts INSTANTLY. If you are a paid subscriber and haven't logged in, [you can find full instructions HERE](. I suggest you do that now - because these trading sessions have been on fire. [Check out the track record right here.]( We each gave our thoughts on NKE last week in the Pit Report, and we held a live roundtable show yesterday to come up with some actionable trades for you. [Click here to watch the full show.](  (And again - to get these trades LIVE with us each Monday, [follow these instructions]( to login to the Option Pit WebApp) - Mark  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. 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