🚗The Squeeze Is On!

[] [( [( MARK-et Open Hey OP Crew, Griff here with the Chart of the Day … The Squeeze is on! SPX opened above the gamma pivot this morning … The gamma pivot is the strike which above turns dealer option hedging to be more positive for the market and vice versa. For more on the power of gamma, [click here](. This triggered a bit of a squeeze higher in the afternoon with a close solidly above the 50 DMA (blue line in the chart below). We could see a push to the massive 4065 strike, where JP Morgan (Ticker: JPM) is short 4100 calls, to hedge their institutional equity fund. [ Friday is quarterly expiry, which will wipe out the calls in-the-money and set the scene for a potential down trade to start off April. Oh, by the way, I booked 88% wins and [Power Income Trader]( AND [Win the Week]( yesterday. Take your pick … or choose both! Let’s Go! [ - WIN THE WEEK: SPX 0DTE 4040/4035 call credit spread closed for a 75% 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: Where’s The VIX Headed? The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. The S&P 500 closed with another inside day, down less than 7 points. The NDX continued to have a rougher day, as the ‘risk on’ trade punished the QQQ. Even so, QQQ only closed down about .53% – not exactly a crazy day. Thus, the VIX got smoked closing below 20. Only a few days ago, VIX was spiking over 30. So what now? Is VIX going to go back to the 18s … or is another pop coming? [Click here to see what’s going to happen … and how to play it.]( - Mark Pit Report: NVDA Breakdown It's been a topsy-turvy few weeks in the markets. What’s bad is good, what’s good is bad … and what’s banking is also bad. But through this quasi banking crisis, we have seen the tech names show their teeth. Names like Apple Inc. (Ticker: AAPL), Microsoft (Ticker: MSFT), and Alphabet Inc. (Ticker: GOOGL) took off. But maybe the best performer over that time – perhaps of the year – is the one I am going to be breaking down today. [Today, we’ll be breaking down NVIDIA Corp (Ticker: NVDA).]( - Mark Power Income: Tsunami of Trouble Headed for Banks Banks have been hit with two waves of losses that have already caused the failure of three financial institutions in a matter of weeks. The third wave is coming and it will be a tsunami that will test the strength of the entire banking system. Hear me when I say: we are heading toward the greatest collapse in the not-too-big-to-fail banking sector. This wave of bank failures could rival the S&L crisis of the 1980s, which caused more than 1,000 banks to go under. Right now, the consensus is the Fed, Treasury and FDIC have lessened the problems, but the third wave is building and when it arrives no one will know what hit them. [Where is it coming from and what’s the trade? I’ll answer that inside …]( - Griff 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: Premium: The amount in dollars of an option bought or sold. This could be for a spread or multi-leg trade. [( 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. 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