🚗Silver Miners Striking Gold?

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Hey OP Crew, Griff here with the Chart of the Day. I have been waiting patiently for an opportunity to buy the Global Silver Miners ETF (Ticker: SIL) and this morning a few things lined up – I pulled the trigger. [ Notice SIL hitting the Put Wall this morning while triggering a positive RSI/Price divergence, which is a reliable reversal pattern. Plus, volume was above average, which may indicate a capitulation trade similar to the March trade. Of course, none of this guarantees a profit but at least we have probabilities on our side. Tomorrow is payroll Friday and the forecast is for a rise of 240,000 … Let’s Go! [ [ - NITRO TRADER: DAL, AAL Jul28/Jul14 48/50 call diagonal, 17 puts closed for a 34% 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=) VIX Edge: VIX Reset The Option Pit VIX Traffic Light Is Red: Volatility is likely to slide. The VIX closed the day up .48 points to 14.16, but when you consider all the extra time off ... call it a wash. The SPX closed marginally down by 8.77 points breaking back below 4450. Now that VIX is totally reset, and we’re past the 4th of July, we can get a clear look at what markets think is going to happen over the next two weeks. And I can tell you if they are wrong or right. [Click here to see what I am seeing and how to attack it.]( - Mark Pit Report: META Breakdown AI is all the rage – if a stock is involved in AI, it’s going to the moon. The other area that seems unstoppable is the Magnificent Seven – GOOGL/GOOG, AAPL, MSFT, META, NVDA, TSLA, and AMZN. Again, if you are one of these stocks, you’re going to the moon… But all great things must come to an end. Some of these names are going to be worth double their current value in a few years, while others will stall. Many might not remember this, but when I was a floor trader, Chevron Corporation (Ticker: CVX) and Exxon Mobil Corp (Ticker: XOM) were unstoppable… They had to APOLOGIZE for making so much. With that in mind, I want to take a hard look at one of these names that happens to be in the news right now. [Click here for a deep dive into one of the Mag Seven.]( - Mark Mailbag: BITO/KRE Pair? Today, we’re doing something a little different. I received this comment from one of our members on [my Power Income newsletter from this past weekend](: [ Great question, Douglas! And it’s something I want to share with all of my readers. So welcome to Option Pit’s very first Mailbag letter! [Click here to see my answer.]( - Griff AG's Views: Big Money Buying More Leisure and Adventure From the desk of Option Pit Director of Education Andrew Giovinazzi You probably have a VF Corp (Ticker: VFC) product in your house – Van’s skateboard shoes, a North Face tent, or some Timberland boots. A trader bought some VFC Jul21 18 calls for ,65 today. They closed $1.00. [ VFC is on my YEAR LOW watch list as a potential for [OP Mentoring DIV+]( strategy. Right now, they pay a $1.20 dividend on an $18 stock. The Big Money call buyer is up over 50% and has not sold. Travel and Adventure Leisure should make a comeback this year as VFC is down from $50 last year. Look for it in my DIV+ Friday. - 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: Cash-secured puts: A sell-to-open short put where all the margin necessary is in the account to buy the stock at the 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