UVXY makes a 10 day low

Daily Pit Stop [fstp, logo, header] April 22, 2024 [ag views, logo, header] UVXY makes a 10 day low 10 days ago, Iran freaked out the world and VIX went jumping like a jumping bean. Fast forward 10 days and Israel hit back, Congress is passing huge aid bills and Iran is quiet. VIX futures are back to where they started. The ProShares Ultra VIX Short term futures ETF (Ticker: UVXY) holds futures and is now back to lower levels than it was two weeks ago. This week we have PCE data on inflation and a raft of earnings. [ded] UVXY 10 day chart The market expects higher inflation at this point but decent earnings should shred volatility. It is getting to be a good time to short UVXY again. - AG  [logo, pit profits] - Option pit mentoring - OPM BTO 3 SPY APR26 500/490/480 PB for 1.65 BTO 1 SPY APR26 506 call for 3.60 closed for 3.6% 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)  [logo, header] Bitcoin Options Incoming On Wednesday the SEC hits its deadline to approve or not approve Bitcoin ETF options.  I am not sure why it took them so long to make up their minds….its not like crypto options dont already trade.  BITO has had crypto options almost from day one.  But for some reason they are really dragging their feet here. The truth is though… options on actual bitcoin do exist as well. In the US you can trade BTC options on LedgerX.  Internationally, the largest exchange by a mile is Derebit.  Options are extremely active there…we have years of data on Bitcoin Options through Amber Data Derivatives. So leading into the list of these options I already have a really good idea of what to expect….these options will trade similarly to the options that are already available to trade. There is one key difference though between them….the options that currently exist trade essentially 24/7. These options will trade only during market hours…so the closest product is going to be BITO Let's look at how the options behave... [Read the full article here.]( - Mark  [frep] Ticker Highlight Show: TSMC (Ticker: TSM) Hey Traders, On this week's Ticker Highlight Show, we breakdown... Taiwan Semiconductor Manufacturng Co [tsmc] [Click here or the image below to watch the breakdown and get the trade!]( [tsmc]( Enjoy! - Mark  [fpri] Cover Shorts in Stocks and Bonds! Hey Income Hunters, On April 3rd I wrote that we should see a [Short-term pullback in stocks and bonds]( due to a tightening in liquidity conditions … As you can see below we did get the pullback and now is the time to cover shorts and look to get long again …  [fpri]( [Click through to see why we will see a renewed rally in the days/weeks ahead.Â]( - Bill  --------------------------------------------------------------- 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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