🚗The AAPL of My Eye

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Hey OP Crew, Griff here with the Chart of the Day. Apple Inc. (Ticker: AAPL) is only 8% from a new all-time high (!). AAPL cleared a downtrend that starts from the all-time high on above average volume today: [ AAPL earnings come out on Thursday, and judging from the tech earnings this week it may be another positive surprise that keeps this rally going. Unless of course Jerome Powell pulls the punch bowl from the party, yet again … Have a great weekend, everyone … [And be sure to grab access to the Option Pit Live 2023 livestream!]( Let’s Go! [ [ - BIG MONEY SHOPPER: TFC May19 32/34 call vertical closed for a 62% gain - OP MENTORING: VIX May17 22/30 call vertical spread, 20 puts closed for a 11% gain - OPTION SHOPPER: MU May561 calls closed for a 69% gain - VOL EDGE (FINAL TRADE): VIX Jun21 20 puts closed for a 180% 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: Warning Sign Flashing The Option Pit VIX Traffic Light Is Yellow: Volatility is likely to move wildly. On Thursday the S&P 500 boomed higher closing up almost 2% – 79.36 points. The VIX fell dramatically to 17.03. But despite the big uptick on Thursday, things might not be as rosy as they seem. The VIX is flashing a huge warning sign around the market. [Click here to find out what it is and how to trade it.]( - Mark Pit Report: Target’s Stock Is On Sale Target Corporation (Ticker: TGT) will never be able to compete with Walmart or Amazon due to their massive scale … However, TGT did an admirable job matching its 2022 Christmas season with 2021 and have reduced their inventory overhang. It also renovated its stores to serve as fulfillment centers, which positions it well above the smaller competition, driven by cost advantages and owning many of its brands. Currently, the stock is offered at a discount. [Today, we’ll dive into the technicals and option positioning analysis to find a good risk reward trade.]( - Griff Profits In Pumps: Go Rangers … Pass the Wasabi I went to the Texas Rangers game last night. They played the New York Yankees, who come to Dallas only once this season. My brother in law has been a season ticket holder for about 30 years. They were some pretty sweet seats. There is food and drink service delivered to your seat. Including sushi! The new Rangers’ stadium was built in 2020 with a retractable roof because it was too hot in the old stadium which was built in 1994. [ Hello Rangers … goodbye Cubs and Sox … ? [I’ve got a good trade idea that’s sure to be a home run!]( - 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: Melt-up: A market up-trend that is not driven by investors buying based on fundamental values of stock. It is driven by central bank money printing intended to inflate financial asset prices, including stocks and bonds. [( 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. 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