A Real Humdinger

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Hey OP Crew, Andrew Giovinazzi here. After this week, I thought I’d share with everyone what I wrote about for my VIPs today … Well, that was a humdinger of a week. AI saved stocks, even though no one has made any money from the tech or had real growth yet except Palantir (Ticker: PLTR). That is the crazy part since earnings are mostly the same this year over last year. Stocks are rallying on what could happen next year as companies use AI to increase productivity. That is easily the catalyst for the next bull market. My short time creating financial software in 2007-2010 introduced me to the acronym TAM (Total Available Market). Any business on the planet could potentially benefit from AI. That is some TAM. the Dot-com Boom, Semiconductor Boom, PC Boom, Computer Boom … all had similar trajectories. [ Two-year QQQ chart The short answer is don’t short this Invesco QQQ Trust (Ticker: QQQ) rally yet. Better to look for companies that could jump on the wave. After all, the QQQ is only up 25% this year, just need to find a stock and a way to match that return. [Click here for the full story]( [/campaigns/org775804783/sitesapi/files/images/774695510/ag (2).png] Power Income: Rely on Technicals in These Markets Welcome to the silly trading season when cross-intramarket relationships break down and fundamentals take a back seat to euphoria and momentum. It’s times like these that technicals become the most important analysis you can do to keep the profits coming and avoid unforeseen losses. These conditions will last until the debt ceiling is raised. In the meantime, if you can be patient and lengthen your timeframe, there are some good opportunities to take advantage of. [Today, we’ll take a look at the future for technical analysis and a stock that offers excellent reward vs risk right now.](-Griff Profits In Pumps: NVDA Is the Envy of the Market Nvidia – wow!! After the earnings report, the stock gapped up $79.85! That is huge. That is called a breakaway gap. There are several kinds of gaps a stock can make. [Click here for the full story.]( -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: Assignment: The notice that obligates an option seller to sell (in the case of a call) or purchase (in the case of a put) the underlying shares at the specified strike price. [( 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