🚗Ride The Silver Bullet Express

[] [( [( MARK-et Open Hey OP Crew, Griff here with the Chart of the Day Today’s pick is the Silver Bullet: the iShares Silver Trust ETF (Ticker: SLV). And it has left the station. The next stop is $25, on its way to $28. [ SLV is extremely overbought, so it may need to backtest the trend line around $22 and blow off some steam before soaring ever higher. Throughout 2023, more and more investors will realize we are at the beginning of the greatest transfer from financial assets to real assets in history. Today only 1% of total wealth is in real assets … just imagine when that increases to 5%. Hop on the silver bullet express and enjoy the ride. Let’s Go! [ [ - BIG MONEY FLOW: SLV Apr28 22/23.5 Call Verticals closed for a 103% gain - EASY BUTTON: XOM Apr14 102/111 Strangles closed for a 112% gain - POWER INCOME TRADER: TLT Apr21/Apr06 108 Call Calendars closed for a 105% gain - POWER INCOME TRADER: USO May19/Apr14 70/69 Call Diagonal, Mar31/Apr14 65.5/69 Call Diagonal, May19/Mar31 70 Call Calendar closed for a 27% 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: Scooped! The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. On Monday, the S&P 500, along with everything else, tried to sell off. But it was scooped up by traders. With that scoop, the VIX sold off … and VIX futures were completely annihilated. With the VIX now well below 19 and the VIX futures in a steep contango, what is the trade? [Here is what I see and how to play it.]( - Mark Power Moves: Focus On Energy My investment thesis continues to revolve around energy. There are many drivers of that thesis. From power realignment around the world. To the domestic and global shift from fossil fuels to renewables. Energy is touching every aspect of the economy from mining to minerals to car production. I’m going to run through some hot energy topics. Over the next few weeks I’m going to build trades around those topics. I don’t see this focus lightening up. Let’s jump into it. (Oh, I almost forgot, former President Donald Trump was arrested and arraigned today in NYC. He is the first former president to face criminal charges. In case you didn’t know what he would do … he pleaded not guilty.) [Click here for my full report on “Energy Nirvana - Follow the Money … and Politics”]( - Frank AG's Views: SPY Up 10, VIX Unchanged From the desk of Option Pit Director of Education Andrew Giovinazzi It’s shocking that the SPDR S&P 500 Trust (Ticker: SPY) is up 10 points in five days. But what’s a little more shocking is that VIX is fractionally up. What is the news the market is waiting for? A quick drop back to $400 SPY? [ It might have something to do with the CPI number again – or maybe just Trump’s arraignment. Either way, realized vol is only 15%, so there is some juice in VIX. I still think the market goes higher on QE juice but there is likely a bump in the road. At this point VIX or SPY has to break before Thursday. - 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: In-the-money (ITM): Only options with intrinsic value can be ITM. A call is ITM when the stock price is higher than the strike price, and a put is ITM when the stock price is lower than the strike price. [( 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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