The Most Nervous, not nervous market ever!!!!

Daily Live Schedule [fstp, logo, header] May 13, 2024 [ag views, logo, header] The Most Nervous, not nervous market ever!!!! For my [Trading Desk folks and Weekly Profit Cycles]( folks, they know that a flat curve means some excitement coming for VIX within a week or so. Sometimes as little as two days, say like when the PPI number comes out. 9 day VIX is running 13.71 or just over VIX cash. That means short term, traders are looking for a move tomorrow and they expect it to outpace the current VIX level.. [ded] That means about 1% at least in SPX either way. This is also the lowest VIX and implied vol numbers we have had going into a big number in 2024. So folks are nervous about it, just not a lot. I still think ATH highs are going to happen this week once the numbers come out and VIX hits a low for the year. On the off chance the PPI number is much worse, we should see 5100 in a big hurry. - 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)  [fomo, header, logo,] The Long Weekend Yo Pit Crazies, If you have not signed up for Licia Leslie’s Prima Pitchfork [class do so here](. The weather is warming up in Maine and the clammers are back. This fellow will get $2.50 per pound pulling out 5 50lb (bushel) bags in a session. For those light on clamming info,[ check out this link.]( It is hard work but it pays. [vall]( Me, I am still trying to clear all of the fallen trees out of my cove that got crushed in early April. I am sure the clammer, who is a nice gent, appreciates the work I am doing to clear things out. It is good exercise at the end of the day moving logs and setting up the biggest bonfire ever. It has been a very active winter with many calamities here on the G rock in Maine but things are coming together in the spring. Look for my “how not to clam” video coming soon. [vall]( The trees growing too big on the coastline is a problem. The cliffside dirt is too shallow to support huge trees so they always end up in the water ripping up the shore line. They need to be cut down and have new ones pop up.  [A lot of trading is like my little cove parable.]( - Mark --------------------------------------------------------------- Want to get Mark's Trader's Edge updates directly to your inbox?[Click this link to sign up!](  [fpri] China ramping up Gold Buying Hey Income Hunters, China Is Buying Gold, Sending Prices to Record Highs – The New York Times (nytimes.com) Beijing is buying up gold to diversify its reserve funds and reduce its dependence on the U.S. dollar, long considered the most important currency to hold in reserve. China has been reducing its U.S. Treasury holdings for more than a decade. As of March, China had about $775 billion worth of U.S. debt, down from about $1.1 trillion in 2021. The impact on the world stage is clear … The end game for USD being the sole currency is here! A UK article this week drove the point home …  Xi Jinping’s vast gold war chest could let him take Taiwan without a fight (telegraph.co.uk) The more gold China has, the more credibility their currency (CNY) gains, which means more China’s trading partners will sell commodities directly to China in CNY. The more commodities China can buy in CNY, the fewer FX reserves (USTs) China needs to hold. Buying gold with foreign currencies makes China more powerful, while at the same time it defunds (weakens) the US government. [Click through for the impact on markets ..Â]( - Bill --------------------------------------------------------------- Never miss an edition of Bill Griffo's Power Income Newsletter ever again. [Click this link to sign up!](  --------------------------------------------------------------- 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:  Rolling a position - A trader can roll an open position to reflect adjusted expectations for the underlying, whether that’s changing strike prices or option series. A roll is closing one term or strike and reopening another term or strike. Buy then sell or sell then buy. [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. 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 [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](