VIX drops to the 11 handle, who said that could happen?

Option Pit Stop [fstp, logo, header] May 19, 2024 [volman, vol man, vol,] VIX drops to the 11 handle, who said that could happen? [vol man,] Hey OP Crew, AG’s alter-ego Vol Man here with my weekly analysis. As usual, I will start with my last forecast… [If some of my Option Volatility Jargon is vexing, our Glossary is here.]( Last Week: “We could see a pump in vol for Tuesday’s number. I don't think it will hold with the massive selloff in VIX this last week and with short term IVs. Liquidity providers must own a ton of options to get vol this low this fast after just trading 16 two weeks ago. Earnings are out save for NVDA but this is not until the 22nd of May. That is a week plus hole in activity and it is clear traders do not want to buy protective options to hold that period. Crazy town 11 handle VIX this week with SPX 5250 in sight.” Oh my, a near perfect prognostication! The only problem is SPX is reacting too well to the news and jumping to 5300 into Friday’s close. 11.99 handle for VIX not to bade as liquidity providers gobble more options. The controlled drop now means some buyers of options have stepped into the breach. Mark made a good point, Nvidia Corp (Ticker: NVDA) will have the biggest earnings impact propelling stocks to 5400 and beyond. [Read the full vol man article here]( - Bill  [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)  [frep] Ticker of the Week: Walmart (Ticker: WMT) Hey traders, It's been a heck of an earnings season ... .So far…mostly losers… But there have been some nice winners…AAPL…with their massive stock buy…META CRUSHED IT…TSLA believe it or not. But there have been more than a fair share of losers ... .AMD, DE, just to name a few. On Wednesday we had a stock that had great earnings and blew higher to an all time. Is it time to buy this stock? Or is this a high time to sell? How high or low could this stock go… [Read on as we break down this GIANT company.,...]( - Mark  [fpip] How Does Volatility Work? Hi Shoppers, Option Pit is very good at bringing you profitable, executable, timely trades on a daily basis. Unlike your average financial advisor or broker, Option Pit also provides you with the cutting edge: new market observances, innovative trading strategies, and deep insight into how the market actually works. [Andrew Giovinazzi’s Weekly Profit Cycles strategy]( is not only a consistent money maker but it teaches you the inner workings of how the market moves and how that affects volatility. Andrew’s weekly educational live sessions will open your mind and expose you to the machinations of the daily market, literal insight to the behind the scenes of how and why volatility moves the way it does. His background and experience is like no other when it comes to trading volatility. He is a master and you will want to learn everything he knows. 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