QQQ Is In Fashion Right Now

[] [ Bill Griffo closed SIX winning trades this week --- with an average gain of 94%. Through midnight TONIGHT only, you can join him in Win the Week for 50% off the regular retail price. [Act now!]( Yo Pit Crazies, I’ve seen a lot of things since I first walked on a trading floor in 1989. Now looking at my FIFTH decade trading options, the one thing that has not changed is that stocks are a fashion market. What does not go out of fashion is learning how to use volatility to trade options. Any trader can improve by learning how volatility will affect an option trade. [You can learn that in OP Mentoring](. The fashion of the last month has been Invesco QQQ Trust (Ticker: QQQ) stocks, led by AI darlings Nvidia Corp (Ticker: NVDA) and Alphabet Inc (Ticker: GOOGL). QQQ rang up a ho-hum 9% rally in March when most of the market was in turmoil from the mini banking crisis. [ Chart comparison with QQQ up top and XLF on the bottom. The SPDR Select Financials (Ticker: XLF) had a rough month, down 9%, but it has not gotten any worse. It has not gotten any better, either. This Is Where Using Volatility Can Help If I just look at the XLF/QQQ graph, it looks like XLF is near the bottom and has not really changed much. QQQ is flying and the momentum is there short-term. I mentioned that in this space last week and I closed my QQQ calls at 3:45 p.m. on Friday afternoon. Now, looking below on the XLF chart, the prices traders are paying for XLF options have dropped a lot. [ XLF 30-day chart with 10-min candles and April, May, June IVs. The implied vols have come way off in XLF. After some nosebleed levels in March they are currently trading at the low for the mini-crisis we had. However, not to pre-crisis volatility lows. Considering how far it is still off from the recent highs, XLF calls might not be a bad idea (and maybe some cheap insurance with VIX calls, just in case). The Rundown: What’s Winning Around Option Pit Option Shopper Kinder Morgan Corp (Ticker: KMI) April 14 17 calls closed for a 24% gain. Win the Week SPX 2 March 29 4035/4040 call vertical spread closed for a 75% return on credit. Power Income Trader iShares Silver Trust (Ticker: SLV) May19/Mar31 21.5/22 call diagonals closed for a 61% gain. SPX 2 March 30 4075/4080 call verticals closed for a 100% return on credit. To Your Trading Success, [ [( 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