🚗All Up to Powell

[] [The daily rundown of everything happening at Option Pit.]( [1).png]( MARK-et Open Hey OP Crew, Griff here with the Chart of the Day. Initial Jobless Claims coming in above 250k today (261k) was a big miss and locks in no change in interest rates at the Fed meeting on Wednesday. This boosted the precious metals today, especially Silver, which reached a major pivot point near 24.40 and the 50-day MA at 24.50: [ Next week will either send it soaring to test the highs or disappointed and back down to 21.50. It’s all up to Powell. He has not been kind to the markets but my gut says SPX breaks out anyway. Let’s Go! [ [( GET MARK'S LATEST REPORT WHEN YOU REGISTER FOR TONIGHT'S EVENT [>>CLICK HERE<<]( [ - BIG MONEY SHOPPER: TQQQ, TZA Jun16 36 puts, 28 puts closed for a 69% gain - POWER INCOME TRADER: IWM Jun16 185/180/175 put butterfly closed for a 32% 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: BUD on the Comeback Trail: A Chart Analysis Unlike Mark, I have always preferred Bud over Miller. Although, my first choice beer would always be something more substantial like a Stella or my favorite from the Chicago brewery Revolution and their Anti Hero IPA. Yummm. Bud does make a good seltzer. [On to the charting before I get too thirsty.]( - Licia AG's Views: Party Like It’s 2021 With Carvana From the desk of Option Pit Director of Education Andrew Giovinazzi Carvana Inc (Ticker: CVNA) is trading like it’s 2021. CVNA was a 400% IV today – eerily similar to Gamestop Inc (Ticker: GME) with crazy upside. [ The shorts are getting squeezed again. I looked at this am and the Jun16 30 calls were 1.15 and 1.80 by the end of the day. I bet they are higher by Friday afternoon. - 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: Gamma: The rate of change of an option’s delta for every $1 move in the underlying. [( 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