🚗A Repeat Performance from J-Pow?

[] [( [( MARK-et Open Griff here with the Chart of the Day. Let’s take it back to March of 2008 … The Fed had just come out of an emergency meeting and announced that it would guarantee the bad debt sitting on the balance sheet of Bear Stearns (where I worked two decades earlier). The central bank then brokered a deal where JPMorgan would buy Bear for $2 a share. Ben Bernanke assured Americans everything was fine, and the market rallied 12% … [ The question is can Jerome Powell put on a repeat performance? We’ll see ... [Join me at 3:15pm to decipher his message and what he will actually do in the weeks ahead … Then we’ll look at a strategy that will take advantage of his shift in policy.]( See you then … Let's Go! [ [ - NITRO TRADER: GOOGL Mar17 97.5/105/112.5 call butterfly closed for an 86% gain - POWER INCOME TRADER: SPX -2 Mar20 3970/3975 call vertical spread for a 100% return on credit - POWER INCOME TRADER: SPY Mar24 396/397 call vertical spread closed for a 58% gain Want to find YOUR winning fit? Give our Customer Care Team a call at 1-888-8772-3301 Monday-Friday from 9 a.m.-5 p.m. EST. Or email them anytime at [support@optionpit.com](mailto:support@optionpit.com?subject=) VIX Edge: Does S&P Spell Fortune Or Doom? The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. Monday was a strong day for the markets overall – but not for tech. The Dow Jones and the Russell 2000 were very strong, though. This is noteworthy because they have been so soft as of late… Yet as the VIX was plummeting and the SPX – which closed up about .9% was rallying – VIX options activity was heating up and it was quite a busy day on that front. [Click here to see what they traded … and how you can trade with big money.]( - Mark Power Moves: Contagion Spread The collapse of Silicon Valley Bank (Ticker: SIVB) set contagion wheels in motion. It is impacting banks. It is impacting downstream businesses. And it is impacting geopolitical relations between the U.S. and long-term allies. Whether good or bad, we can follow the money to find trades. [Click here for my full report on “Contagion Impact on Green Energy”]( - Frank AG's Views: Did The Fed Leak The FOMC Minutes Already? From the desk of Option Pit Director of Education Andrew Giovinazzi New VIX lows are always important after a spike, but today took me somewhat by surprise. The FOMC meeting release is tomorrow. There’s all kinds of potential news happening on the rate rise and whatever the Fed will do over the coming months. The huge drop in VIX means the news will be what was predicted: a 25 basis point hike and a pause as J-Pow and the gang sort out the banking issues and tally up how much QE they quietly put back in the system. [ Peak VIX was Monday morning last week. While I did see a pop to near 30 Thursday, the contagion that was predicted did not materialize. That’s a good thing. VIX April 19 20 puts look like a cheap shot if the Fed does as the market thinks it will. - AG OPTION PIT GLOSSARY [( There are plenty of terms in the trading world that need defining. The [Option Pit Glossary]( is here to help. Today's phrase is: Backwardation: The condition in a spread where the front-month value is higher than the back-month value. [( 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. 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