🚗SPX Options Flows Look Interesting

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Hey OP Crew, Griff here with the Chart of the Day. Some very interesting movement today. On a day the S&P 500 Index (Ticker: SPX) closed +1.3% and above the Call Wall, option flow clocked in at minus roughly 3 billion notional deltas. [ Friday was a decent expiration, which was dominated by calls. That accounts for some of the put buying but it could also mean the market may need some consolidation next week. Stay tuned for more insight on Monday. In the meantime, have a great weekend. Let’s Go! [ [ - WIN THE WEEK: SPX, SPY May26/Jun02 4090/4085 put spread, 413/405/397 put butterfly, 4180/4185 call spread closed for a 6% 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=) Pit Report: CBOE Chart Analysis Our stock this week is Cboe Global Markets (Ticker: CBOE). Which is a HUGE part of my personal history. It was called The Chicago Board Options Exchange or The CBOE back then. Lots of great memories were created from 1986 to 2003. Anywho, let’s take a look at the daily stock chart. [Click here for my full chart analysis.]( - Licia Profits In Pumps: Go Stars! This has to be quick. We are off to the Dallas Stars playoff game. Game Four in the seven game series. Or at least we hope there will be seven games, as the Stars have lost the last three games. If they lose tonight, it’s over. [ Don’t worry Blackhawks, you will always have our hearts. We are truly looking forward to watching Connor Bedard next season. My son informs me he’s on his way to becoming the best hockey player that ever lived. Even better than … dare I say it … Wayne Gretsky. As for tonight, it is Go Stars! [Before we leave, here is a trade idea.]( - 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: Long trade: Owning or buying a security or option and expecting the value of that security to increase. [( 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. Want to change how you receive these emails? You can [Unsubscribe]( or [Update your preferences]( This email was sent by support@optionpit.com. 1-888-872-3301 [Option Pit]( | 190 S LaSalle Suite 3000 Chicago, IL 60603 | [Privacy Policy]( 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