🚗VIX Trades a Two Year Low!!!!!

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Hey OP Crew, If you didn’t think the recent pop in VIX was a result of the Debt Ceiling talks, the chart below should dissuade you from that notion. VIX will close on a 2 year low today, and how it gets lower remains to be seen. I banged the drum a bit for the VIX 15 and 16 puts, and I was able to close some 16s today. [ VIX 3 month chart with 1 day candles 14.65 is about fair for how SPX is moving, so new lows will be tough but it could happen. Let’s Go! [/campaigns/org775804783/sitesapi/files/images/774695510/ag (2).png] [ - WIN THE WEEK: QQQ 2/6/4 Jun09 350/343/336 put butterfly closed for a 100% return on credit 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: Debt Ceiling Passes, VIX Reacts The Option Pit VIX Traffic Light Is Red: Volatility is likely to slide. The debt ceiling appears to be a thing of the past ... At least according to the VIX, which got absolutely pasted on Tuesday closing at 15.78. This was on the heels of a 1% move higher in the SPX. With the Senate set to pass the debt ceiling minutes after I write this, what can we expect from the market? Is this yet another 15 VIX that doesn't hold and the market turns right around … or are we off to the races? [Here’s your game plan.]( - Mark Pit Report: RIG Chart Analysis As you know, Mark Sebastian recommends staying away from Transocean Inc (Ticker: RIG) on the long side. I don’t disagree with him … longer term. But there could be a short term play in RIG. [Click here for my full chart analysis.]( - 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. 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