🚗Big Short 2.0

[] [( [( MARK-et Open Hey OP Crew, Bill Griffo here with the Chart of the Day. Auto loan delinquency data was released today by Cox Automotive, the automotive tech and services giant. The firm noted that auto loan rates are at their highest at around 9% for new, and 14% for used, vehicles. [ Loan payments have risen 29% in the wake of COVID-19, causing an affordability crisis that is most pronounced for subprime borrowers. This has sent their share of new vehicle purchases to an all-time low. The Big Short 2.0 is in the making … and it is NOT what the banks need. Let’s keep a close eye on this one. Something else to keep an eye on are today’s profits below … Let's Go! [ [ - BIG MONEY FLOW: OXY Mar31 60 calls closed for a 22% gain - POWER INCOME TRADER: SPX Mar28 4030/4035 call vertical spread closed for a 88% gain - WIN THE WEEK: SPY Mar28 397/396 put vertical spread closed for a 88% 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: S&P Holding Its Own The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. We are in strange times right now… There is a semi-banking crisis, the economy might enter recession, and oil is near lows. Despite all that … the S&P 500 is not tanking? Why? And why did the VIX end the day down 1.14 when there is so much risk out there? The answer is that there has been a dynamic shift in the market in the last two weeks. If you don't know this, you are missing a huge opportunity… [Click here to see what it is and how to trade it.]( - Mark AG's Views: The Oil Worm Is Turning From the desk of Option Pit Director of Education Andrew Giovinazzi March was looking rosy … then some banks got smoked. That brought about the worries of a hard landing and trouble for oil demand this year. It also sent oil stocks to year lows. If the bank failures don’t get worse, oil stocks should rebound. After all, a year ago there was no oil left after the Russian embargo. [ SPDR Select Oil Explorer and Producer ETF (Ticker: XOP) can really move. Expect that the risk “on” trade will be oil stocks again. Upside calls in XOP are reasonably priced. - 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: VXX: A ProShares ETN that owns the front 2 months VIX futures contracts to keep a constant 30-day duration. [( 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. This email was sent by support@optionpit.com to {EMAIL} Click here to unsubscribe | [Manage Preference]( Daily Newsletters ex. Vix Edge, Pit Report, Profit in Pumps, Power Moves, Power Income, etc. Option Pit | 190 S LaSalle Suite 3000 Chicago, IL 60603