🚗CBOE Announces 1-Day VIX

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Hey OP Crew, The circle is now complete – we now have a one day VIX. Granted, it only had a couple days going, but the 1-Day Volatility Index (Ticker: VIX1D) could lead to some significant products. [You can read the press release here.]( ODTE or 1DTE options in SPX have taken the market by storm in 2023 and will quickly move to the most active options around. As of Thursday, it was number 3 in volume. Now that the CBOE has an index, it’s very possible that a cash settled 1 day option product is not too far behind. It also gives more credence to the “gamma bomb” idea of short term options, [something Mark and I are planning to trade in the Trading Desk](. [ Right now, VIX1D isn’t doing much because the market is not doing much. But as we have all seen, that could change in a hurry– and now there is a way to measure it. If I can measure it, I can trade it. Let’s Go! [/campaigns/org775804783/sitesapi/files/images/774695510/ag (2).png] [ - BIG MONEY FLOW: GM Apr21 36 calls closed for a 1% gain - POWER INCOME TRADER: QQQ Apr28 316/315 put vertical spread closed for a 64% gain - TRADING DESK: VIX Apr19 30/40/50 call fly, 23 puts, 20 puts closed for a 33% 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=) Power Income: Insight to Profits This Week The S&P 500 Volatility Index (Ticker: VIX) made a new year-to-date low last week, which is pretty extraordinary when you consider the macro forces at work including .. - US small businesses facing the worst credit crunch in a decade - US budget deficit hitting $1.1 trillion in first half fiscal year - De-dollarization is picking up steam - Japanese insurers are planning on liquidating foreign debt So, why is the VIX so calm in the face of such turbulence in the economy? [Click here to find out.]( - Griff 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: Long Squeeze: A market action that tries to get long holders to liquidate their positions by heavy, leveraged selling of the underlying securities by other market participants. [( 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