VIX is more volatile than SPX today

Option Pit Stop [fstp, logo, header] May 24, 2024 UPDATE: Gamma Bomb Charge is UP + Tomorrow We Trade (Plus, Post NVDA Market "Normal") Join Mark, Andrew and Hannah Tonight, May 23 @ 8PM ET for Your Critical G-Bomb Update & Action Plan [CLICK HERE TO WATCH LIVE!]( [ag views, logo, header] VIX is more volatile than SPX today VIX has had a .70 range today even as SPX 25 point range. .70 is pretty big for a 12 dollar number so VIX cannot decide to make another new low or stick around and gain value into the 3 day weekend. My Invesco QQQ bomb trade has produced 10% so far with some parts left to close. Honestly it is hard to tell what the market wants to do. [ded] One part of me says that now that the earnings are out for Nvidia Inc. (Ticker; NVDA), where is the good news going to come from. The other part of me says we are at midday and VIX cannot hold a new high going into a 3 day weekend. That is the real rub. Do traders really want to bid implied volatility up into the weekend? For my two way trade in Weekly Profits Cycles, we got paid to be short VIX and short QQQ to this point so I want to see it play out. VIX closing on a high today would be bearish SPX I have to say, NVDA saving the market or not. - 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,] Breaking Down NVDA Earnings and it's Impact on the Market Hey Traders, In today's video, we'll break down NVDA earnings and how it'll run the market today. [ded]( [Click here to watch now!]( - Mark --------------------------------------------------------------- Want to get Mark's Trader's Edge updates directly to your inbox?[Click this link to sign up!](  [fopr, logo, header] NEW: Director of Product Development, Hannah Selner Hello Option Pit, My name is Hannah Selner. You may have seen me recently at some of our live events. If you haven’t, this is me: [ded] I am the Director of Product Development here at Option Pit. Let me tell you why that’s important for you, and why we established this position that doesn’t exist at other financial publishers. Option Pit is a very unique Trading Education firm. We have high standards when it comes to our products. Every trading strategy we release has to past our Product Quality Test: - Is the Trade Opportunity consistently profitable? Meaning… does it beat the performance of just parking your money in the S&P 500. - Is the Trade Opportunity repeatable in the current market condition or conditions going forward? - Is the Trade Opportunity easy to execute and do we have a great onboarding process to not only teach it but also to deliver it?  If every single trading strategy doesn’t meet these criteria, you won’t see it. That’s my dedication to you. 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Each week, I’m going to bring you: - New market trends we’re tracking - New strategies we’re Beta Testing - New research we uncover through our proprietary scanners, sheets and industry connections …All at no additional cost to you. I insisted we develop my position and the research that I’ll bring to you in Option Pit Research as part of the Option Pit family - this is who we are. Stay tuned for more this week on the Gamma Bomb and the volume we’re seeing develop there. I’m sitting down with Andrew tomorrow to get a rundown on the latest specs he’s watching and why… And Mark, Andrew and I will be live again on Thursday night to reveal our research. Again, welcome to this brand new development, I’m so excited to be able to show you what we’re working on behind the scenes through Option Pit Research. - Hannah --------------------------------------------------------------- Receive the Option Pit "Ticker of the Week" breakdowns as soon as they are released. [Click this link to sign up!](  [fomo, header, logo,] Inflation could be raging! Yo Pit Crazies, [Weekly Profit Cycles ran a good idea on NVDA earnings. Funny enough both sides were green on the trade going into the close prior to Nvidia’s earnings.]( 3 months of rising inflation again! Terrible!!!!  What happened to the Inflation Reduction Act? Free college tuition? Massive Government spending? I thought all those things would help reduce inflation? I guess that did not happen. Do you know what else did not happen?  A massive selloff in SPX. [ded]( 2 months ago a group of Fed Governors jacking rates would have caused the market to swoon 100 to 150 points in SPX instantly. That did not come to pass. As you have heard here many times, any serious trader or investor knows the Fed can’t and won’t lower rates with USGOV spending this high. Stocks are totally focused on growth for now. [So will Nvidia Corp (Ticker: NVDA) keep leading the market higher?]( - AG --------------------------------------------------------------- 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. 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