🚗US Oil Gushes

Plus Your Chance for a Free Live Trading Desk Session [] [( [( MARK-et Open Hey OP Crew, Griff here with the Chart of the Day. The US Oil Fund ETF (Ticker: USO) rose over 5% today for its biggest gain since May 2022. [ The low was put in two weeks ago which now looks like a capitulation, which may mean the low is in for this cycle. That makes sense with the market now pricing in multiple rate cuts by the Fed plus expectations for China to grow 5% in 2023. *** Also, don’t miss tomorrow’s open Trading Desk session. It’s a rare opportunity to get an up-close look at Option Pit’s volatility trading hub – which has cranked out gains of 20%, 55% and 74% this month. [Join Andrew Giovinazzi and Mark Seabastian at no cost when you click here.]( Let’s Go! [ - BIG MONEY SHOPPER: INTC Apr21 29 calls closed for a 27% gain - OPTION SHOPPER: AMD Mar31 97/89 put vertical closed for a 12% gain - WIN THE WEEK: SPX Mar27 3950/3940 put vertical closed for a 100% return on credit - WIN THE WEEK: QQQ Mar29 318/323 call vertical spread closed for a 57% 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=) Power Income: Will A Bank Credit Crash Cause A Market Crash? For all the commotion and market fear displayed through the media, S&P 500 Index (Ticker: SPX) opened this week at 3,985 and closed the week at 3,971. So, what is all the fuss about? Well, we as #IncomeHunters understand that the Fed and central banks in the West are playing an incredible game of Whack-A-Mole … By that I mean, every time a mini crisis surfaces, a central bank quickly pummels it back into its hole by providing the funding the market needs to remain somewhat stable. Until the next one pops up and the process repeats itself. Now, can the central banks outlast the moles? My answer is no, certainly not longer-term But what about in the weeks ahead? [Today, I answer that question and present my profit strategy for the week.](- Griff AG's Views: Closing In On Those FOMC Vol Lows From the desk of Option Pit Director of Education Andrew Giovinazzi Implied 30 day vol in the SPDR S&P 500 Trust (Ticker: SPY) is now at one-week lows. Once again, the current worry over the banks is taking a back seat to the lack of SPY going anywhere. Next up is the CPI on April 12. The mantra lately has been “where there's smoke, there’s fire.” We have already lost several banks, most notably Credit Suisse AG (Ticker: CS). As long as banks can find liquidity, the bank runs should subside … but that will only be as good as the next bad headline. We are at the low end of 30-day IV, aka VIX, since Silicon Valley Bank (Ticker: SIVB) went belly up. [ SPY with Vol Man surfing IV down at the bottom. I like the calendars trading the SPY Apr12 cycle. I’ll be checking out more of that in the Easy Button on Tuesday. - 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: Credit spread: A call or a put vertical spread where the short contract is closer to the money and the long contract is more out of the money, resulting in a net credit (where we receive dollars to put the trade on). The max gain is the credit received and the max loss is the difference between the strike prices less the credit. [( 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. 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