🚗 MSFT Says the Magic Word

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Hey OP Crew, Griff here with today’s Chart of the Day. The shock of the day has to be Microsoft’s (Ticker: MSFT) $22 rise in an hour after announcing that its AI tools for its Office software, known as 365 Copilot, will cost $30 per user per month. This move will significantly raise the price of the software, and the announcement brought in the greatest amount of call buying in a month. [ Today’s move will make for a very interesting rest of the week, as forced selling in MSFT will come from Friday’s rebalancing and OpEx expiration. Well, I say bring it on. Let's Go! [ [ - TRADING DESK: VIX Jul19 22/30 call spread, 19 puts, 15 puts, 13 puts closed for a 17% 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 Finds a Rift The Option Pit VIX Traffic Light Is Red: Volatility is likely to slide. The NASDAQ 100 (Ticker: NDX) boomed higher by .95% to 15713, creating an even bigger rift for us to trade. The NDX Rebalance heading our way is going to cause a major shift in the market. This week is going to be loaded with fireworks. Yet, you might say, “Hey, VIX was only up .14 points on Monday … that’s down!” Just because VIX is down doesn’t mean option prices were down. And I’m going to prove it to you. [Click here to find out how … and how you should be trading it.]( - Mark AG's Views: Midday Skew Change Gets My Attention From the desk of Option Pit Director of Education Andrew Giovinazzi So something happened in SPX that I didn’t expect – upside skew in the Jul28 cycle is up. Now you might say ,“That’s not much,” but my big question is why? Why is the upside catching a bid? Look below – the first IV per strike is in blue, and the real time, last tick IV per strike is in orange: [ Here is a detail with the orange curve real time and the blue curve 1st IV print of the day. [ I am expecting some noise from the QQQ rebalance, but what’s funny is that traders are bidding up the upside in SPX. Upside is the surprise. We added an SPX Mini index (Ticker: XSP) strangle, long call and put, in the [Trading Desk]( this morning. - 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: Skew - The difference in volatility per strike for an option. Black Scholes wants 1 volatility for all strikes, but adjusts strike volatility to compensate for the assumptions in the Black Scholes model. [( 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