Option Pit Student Spotlight

Trader Chip! [frep, frep header, header, logo] June 1, 2024 Trader Chip has been here at option pit for a while.  He is a member of the Trading Desk, Weekly Profit Cycles, and dabbles in 0 DTE. We call him the CREDIT KING. One of the things I focus on in 0 DTE is execution.  Get in at my prices and out at my prices.  Once my traders have that down…next lesson I teach is how to leg into a trade. Legging is when I take a spread and break it up, filling the pieces individually.  Here is an example of legging from Thursday’s 0 DTE class. Using my {NAME} Bands I bought the XSP 530 puts for .75, and I bought the XSP 528 put for .20….a total debit of .90 I bought where I wrote the number 1: [ded] I then offered out my 529 puts (to make a butterfly at .49)....they got filled where I wrote the number 2. Net I owned the butterfly for a .03 CREDIT. While I am pretty good at doing this, Chip has taken this to a new level. Just about EVERY DAY he reports being into SPX spreads for credits of .50, 1.00 or even 2 dollars following the techniques I worked with him on. When he started with me he had NEVER traded a butterfly even..now he is the credit king…here are his words: [ded] I love that he has gotten better not just from me, but from other traders.  He is right collaboration is KEY. I am elated that Chip is getting to the point of becoming a full fledged full time trader. This is my goal with everyone….even if it's not their goal initially. I am super proud of what Chip has accomplished and can't wait to see where he is next year.  Your Only Option, [sig, mark sig, signature] 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]( 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](