🚗Silver Linings Playbook

[] [The daily rundown of everything happening at Option Pit.]( [The daily rundown of everything happening at Option Pit.]( MARK-et Open Hey OP Crew, Griff here with the Chart of the Day. Silver has been in the spotlight, and it made another new high today. Let’s check out ETFMG Junior Silver Miners (Ticker: SILJ). [Win The Week]( held on to a May 19 10/11 call spread since Feb. 28 and closed it today … The timing was right because the 12 level is the call wall – meaning there’s massive call open interest at that strike and an old high there also. [ I am sticking to my call that silver hits $30 by the end of the year. At the rate it’s going … it could be there by the 4th of July. We are still holding outright $10 calls. On a pullback to fill the gap in the top red circle I would add to SILJ. The target is $15. Let’s Go! [ [ - BIG MONEY SHOPPER: SLV Apr28 23 calls closed for a 69% gain - CAPITOL GAINS: SPX Apr12 4160/4165 call vertical spread closed for a 100% return on credit - NITRO TRADER: SPY, VXX Apr28 405/390/375 put fly, 44.5 puts closed for a 14% gain - OPTION SHOPPER: INTC Apr14 32.5 puts closed for a 4% gain - WIN THE WEEK: SPX Apr12 4160/4165 call vertical spread closed for a 100% return on credit - WIN THE WEEK: TBT Apr21 28./28.5 call vertical spread closed for a 19% 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: It’s All About Range The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. On Wednesday the market closed down .41% – not exactly a huge move. But at least it had a range. Post-CPI, the S&P 500 futures were up over 30 points to down 19 points at its low – a decent range. What’s interesting is that in the face of the turnaround VIX options were only trading in one direction. With the VIX closing down .01 points, what’s the next move? The option paper may be telling us. [Here’s what it’s saying and how to trade it.]( - Mark Pit Report: PFE Chart Analysis Believe it or not, I was a market maker in Pfizer Inc (Ticker: PFE) options at the Chicago Board Options Exchange! It was a pretty boring stock back then. I just remember relentless out of the money call sellers. So we kept the volatility low – until earnings week, of course. Flash forward to today … is it still boring? Let’s find out! [Click here for my full chart analysis.]( - Licia AG's Views: Gold Keeps Going Higher From the desk of Option Pit Director of Education Andrew Giovinazzi Mark and I just closed some VanEck Vectors Gold Miner ETF (Ticker: GDX) calls in [Big Money Flow]( today because there was … well, big flow in the miner names in both gold and silver. What’s curious is the “what” they are buying: way out-of-the-money calls. I’m not sure if that’s a spread or not, but 90,000 options 100% out-of-the-money is NOT a small amount. [ The GDX chart is no joke – straight up right after the Fed went QE again at the beginning of March. The trend looks to continue. [ 1 year chart for GDX with 1 day candles I don't know how bullish it is that gold is the market leader, but that is what I see. And I need to trade what I see. - 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: Ratio spread: Any spread where the contract count per strike is different. For instance, if a trader is long two options and short one option, or vice versa [( 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