🚗A First for 1D

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Hey OP Crew, Griff here with the Chart of the Day. Today was a classic trend day down for SPX, as it traded through the neutral gamma area and into a gap that could take us down to the 4000 strike in the days ahead. The chart below shows 4115 was the hedge wall, and once SPX traded through there it back-tested and then made new lows. [ Heavy put buying came in (blue line) once SPX failed to get back above the hedge wall. Look to sell a rip higher tomorrow for a move down to 4050 and possibly 4000. The chart above illustrates the SpotGamma real-time option positioning analysis software. If you’re interested in a free trial, [let us know](mailto:support@optionpit.com). Let’s Go! [ [ - BIG MONEY FLOW: FSR May12 5.5 puts closed for a 50% gain - OP MENTORING DIV+: VZ Apr21 30/40 strangle, 38/42 strangle 100 shares, 34 puts closed for a 12% 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: Fresh Index Meat The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. Monday was another inside day for the S&P 500, with the index closing up 3.52 points. The VIX, coming off a weekend, managed to gain 12 points. That’s essentially a loss because of the weekend effect. As we head into major tech earnings I expect the lack of volatility to change, and I’ll hit on that in my next post. [The Gamma Bomb is ticking. Watch this urgent video now.]( Today I want to talk about the latest index that the Cboe just listed: the 1 Day VIX index … What is this index and how can you use it to your advantage? [I have the answers here.]( - Mark AG's Views: 1-Day VIX Draws Some Blood From the desk of Option Pit Director of Education Andrew Giovinazzi Someone in Cboe marketing is happy right now. 1-Day VIX (Ticker: VIX1D) almost doubled in value in one day. This also will start to be an indicator of choice for traders looking for short term moves in the market. [ It’s also the next iteration of the 0DTE SPX contract moving to the Top Dog spot in the Cboe trading world. This will have repercussions down the road. [If you want to learn how to trade these new products and what they mean, join me and Mark in the Trading Desk.]( - 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: Indicator: A tool used to take the temperature of a security and predict future movements. [( 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