It Pays to Cheat ... ?

[logo, header, fpip] June 5, 2024 Hey Shoppers, Three big things going on this week. First we have nonfarm payrolls on Friday morning, which almost always moves the market. Second we have Nvidia (Ticker: NVDA) stock splitting on Friday. If you haven’t already, you absolutely need to sign up for Hannah Selner’s Option Pit Research where she is writing a series to walk you though the stock split. Included with that is a live session with Mark Sebastian all about the split and how he is going to play it. [Sign up for all that good stuff here.]( Lastly, what do we think about this whole Gamestop (Ticker: GME) slash Roaring Kitty slash Morgan Stanley Etrade thing? My first thoughts go to my days on the Chicago Board Options Exchange as a market maker in the pit and the Goldman Sachs broker walks in with an enormous order to buy calls (or puts) in one of our random stocks that doesn’t trade very much. Taking the other side of that trade, you had to double up on your hedge and lean his way. It also makes me think of all the fines these big banks pay on a regular basis. [JP Morgan Chase (Ticker: JPM) between 2011 and 2014 paid $35,241,500,000 in penalties related to the 2008 financial crisis and promoting mortgage backed securities.]( In March of this year, JPM paid $350,000,000 for[“inadequate trade reporting”.]( I guess it pays to cheat. How about the first time around with Gamestop and Roaring Kitty and Robinhood protected the short sellers by not allowing buy orders in the stock. Now Morgan Stanley is considering kicking Roaring Kitty off their trading platform. Life is not fair, we know that but these big guys are just pure greed and evil. [Let’s take a look at the GME chart and a way to play it.](  Thanks for Reading … See You Next Tuesday, [ll sig, sig, signature, licia sig] 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](