🚗Elon’s Back!

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Hey OP Crew, Griff here with the Chart of the Day. Hats off to Elon Musk this week. What a brilliant move to partner with Ford Motor Comp. (Ticker: F) and General Motors Comp. (Ticker: GM). It takes a lot of pressure off of sales and will give even more pricing power in the future. Looks like the next stop is $300: [ Have a great weekend, everyone. Let's Go! [ [ - BIG MONEY FLOW: BVN Jul21 8 calls closed for a 71% gain - EASY BUTTON: NFLX Jun23 385/430 strangle closed for a 55% 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: This BUD’s for YOU! As traders, our main job is to separate the noise from the facts. In an age where words can travel at the speed of sound, an initial message can be transformed many times over. It’s like the game of Telephone – the first in the line would whisper a phrase to the next and down the line to the last. The final phrase would always come out vastly different than the original. That was the end result of this latest mishap at Anheuser-Busch InBev (Ticker: BUD). BUD operates in North America, Middle Americas, South America, EMEA, Asia Pacific, and Global Export and Holding Companies. It has 167k employees. They are a monster in the acquisition game and benefit from massive cost advantages worldwide. They will overcome this blip on the radar in short order. [Today, we’ll take a look at their technical positioning and a trade strategy that will quickly return their reputation as “The King of Beers”.]( - Griff Profits In Pumps: You Heard It Here First I am about to make a bold prediction. It goes against practically everything I’ve been reading. I don’t know about you but all I seem to be hearing about is how we will not or cannot break through the $4300 level in the S&P 500. Well … I think we will. [ And, I think we may trade on to $4500. Don’t believe me? [Continue here to view the evidence.]( - Licia AG's Views: No Selloff Today! From the desk of Option Pit Director of Education Andrew Giovinazzi Try as it might, even the DJT indictment did not move markets. What did move lately was Tesla Inc (Ticker: TSLA). After TSLA swooned in the early days of the Twitter takeover, it’s making a mad dash back as Elon signs the big automakers to use its EV charging stations. [ Look for TSLA coming to the [Easy Button]( next week. The market juices are running again and the EZB strangle strategy fits this market well. Nothing like a $100 point rally to get people's attention. - 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: Contango: When the back-month futures are higher than the spot and near-month futures. Often used when referencing volatility assets. [( 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. 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