🚗Earnings Down Early

[] [The daily rundown of everything happening at Option Pit.]( [The daily rundown of everything happening at Option Pit.]( MARK-et Open Hey OP Crew, Nineteen companies have reported their earnings so far … [ As of right now, earnings are down 21% all told. And today’s profit guidance from American Airlines (Ticker: AAL) sent the stock -10%. Things take off tomorrow with Delta Air Lines (Ticker: DAL) reporting pre-market. In other news today, the Fed minutes revealed a mild recession is coming. That was a dangerous statement and it provoked some liquidation just after 2 p.m. A close today below 4,095 today should put the S&P 500 on the defensive tomorrow and a possible test of 4,050. Watch the dollar as it is right at the short-term lows. If it breaks the February low at $100.82, it could accelerate to the downside … which would catapult gold to new highs on its way to $2,089. Let’s Go! [ [ - OPTION SHOPPER: AA Apr14 40 calls closed for a 76% gain - OPTION SHOPPER: USO Apr14 71.5 calls closed for a 60% gain - POWER INCOME TRADER: GLD Apr21 186.5/185.5 put vertical spread closed for a 36% 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: Rubber Band Man The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. The SPX stretched and stretched and stretched on Tuesday ahead of the big CPI number. Then at the end of the day … the rubber band broke. The S&P 500 dropped from highs of the day to down on the day in about 15 minutes. Not a huge surprise with CPI coming up this morning. Given this movement and clear fear, what are markets looking for ahead of CPI? [Click here for your answer.]( - Mark Pit Report: PFE Breakdown The S&P 500 is trading at 4125 – a recent high. But the winners in this rally have been different relative to the big 2020-2021 rally. It’s been all mega caps like Apple Inc (Ticker: AAPL) and Microsoft (Ticker: MSFT). We all know some of the names from that period will be gone in a year or two. But some of the big winners from 2020-2021 are likely to be around for a very long time … Can any of them return to past glory? Let’s take a look at Pfizer Inc (Ticker: PFE) and find out. [Click here for my analysis.]( - Mark Power Income: Who Is Trading 0-DTE Options – And Why? Repeatable patterns have developed in zero days to expiration options (0DTE). Volumes have stabilized in 2023, giving us a chance to review high probability trades we can execute to generate profits. For any market to stand the test of time, it needs a good mix of players with offsetting strategies. That leads to building liquidity and depth. 0DTE provides does just that, including a mix of: - Directional traders who purchase “lottery tickets,” meaning fading rallies by buying low-cost puts and vice versa - Traders using 0DTE for specific hedging purposes - Market makers, option dealers and volatility funds - Retail [Today we will look at how the money is being made in this fascinating product.]( - Griff Profits In Pumps: It’s a Good One Why is it that men can remember movie scenes so perfectly, down to the exact lines, and women (at least me) remember the gist of the movie but not the exact lines? I know I am generalizing here and my apologies to anyone offended, but it’s totally true. Men actually bond over it. Seriously, especially when they are meeting a guy for the first time. They find common ground. Women, in my experience, find common ground … Nevermind, I am getting too men vs women here. I just wanted you to see this movie clip my husband reminded us of which is hilarious. You should have bought a squirrel!]( [And I do have a trade idea in Micron Technology (Ticker: MU).]( - Licia 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: Exercise: The process by which an option holder invokes the terms of the option contract. To exercise, call holders will buy the underlying shares at the strike price, while put holders will sell the underlying stock at 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. 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