🚗ORCL Stands Out

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Hey OP Crew, Griff here with the Chart of the Day. Another broad based rally today and the stand-out stock is Oracle Corp. (Ticker: ORCL): [ It gapped $4 on the open and exploded 6.6% overall on the day. Will it be a “buy the rumor, sell the fact” trade? With an 85% RSI on the weekly chart, it sure could use a breather. Plus, with 40% of its heavy call open interest expiring on Friday, ORCL looks like a good short above 115 into next week. Let’s Go! [ Power Income: How to Prepare for the Massive Week Ahead We enter this week with a major debate brewing. Is the stock market rich or expensive? Are we melting up or melting down? It may be both – it just depends on your time frame. [Today, I’ll lay out arguments for which way and when.]( - Griff AG's Views: The Market Is Cruising From the desk of Option Pit Director of Education Andrew Giovinazzi Shares of Carnival Corp (Ticker: CCL) are jumping on upgrades and the fact that consumers still like going on cruises. CCL has not been this high in a year, but the cruise industry is recovering from the COVID disaster. I think that it’s a metaphor for much of the economy. The government shut down businesses and pumped trillions of dollars into the economy. At this point, it appears it was all unnecessary but the damage was done. In 2021, I thought with the Vax and folks getting back to work there should be a huge gain in employment and growth. That got delayed a bit when inflation reared its ugly head and the Russians tried to start WWIII. [2).png] I think CCL is a good symbol for riding things back to some sort of normalcy. I rode two nice trades in CCL in the [Easy Button]( and have a House Money roll going for some long Jul calls. Let's cruise! - 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: Historic volatility (HV): Actual movement of an underlying asset over a previous period of time. Generally referred to as HV or realized volatility, and is often given in intervals like 10-day, 20-day, or 30-day historical volatility. [( 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