🚗TSLA Speeds Through Earnings

[] [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. I think Elon Musk is doing the right thing – playing long ball by cutting costs and building market share. Tesla’s (Ticker TSLA) earnings beat estimates, and revenues were down 1%. His guidance did not impact TSLA’s fair value much or the advantages it has compared to its peers. The stock could consolidate around $160 or fill the gap down to around $145, which would coincide with a .618 fibonacci retracement of the YTD rally. Either way, probabilities favor this downdraft being a good buy in the medium term: [ Let's Go! [ [ - POWER INCOME TRADER: SPY Apr28 410/409 put vertical spread closed for a 21% gain - WIN THE WEEK: SPY Apr26 412/411 put vertical spread closed for a 58% 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: Down Goes VIX The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. Another day, another new year low for the VIX closing at 16.46. The SPX tried to get things moving on the opening closing down 20 points … but then spent the entire day grinding higher. It ended the day down .35 points: an inside day. How long can this go on? [Click here to find out.]( - Mark Pit Report: IBM Breakdown The S&P 500 is sitting near a high for the year. One of my younger employees wanted me to write up a cannabis stock because today is 4/20. If there was any value in looking at these names, I would. But there isn’t. Instead, I am looking at another actively traded name. I’m digging into an AI name that might have some serious upside, but also has many hurdles in its way. This is one of the most widely held stocks out there. Let’s take a look at IBM (Ticker: IBM). [Click here for my analysis.]( - Mark AG's Views: Stocks Don’t Like To Selloff From the desk of Option Pit Director of Education Andrew Giovinazzi SPY is red today and was down almost 1% at one point. But that didn’t stop the sharp reversal at the end of the day. That’s the thing with low volatility markets – it’s hard to make stocks selloff and hold. [ It wouldn’t surprise me if we are up tomorrow. There’s always overnight news, but for now it looks like it is tough to hold a selloff. That’s not what bear markets are made of. [Check out how Mark trades it tonight at 7 p.m. ET.]( - 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: Volatility: How much a stock, option, or another asset moves. Volatility is often “mean reverting,” which means it tends to move back toward the average after a big jump or drop-off. [( 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