🚗 Sink Your FNGS into Rebalance Profits

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Griff here with the Chart of the Day. The MicroSectors FANG+ ETF (Ticker: FNGS) gets the nod today. The Magnificent 7 stocks (AAPL, MSFT, GOOGL, NVDA, TSLA, META, AMZN) are in FNGS, so this is a great signpost for the amount sold today in preparation for tomorrow’s special NASDAQ 100 rebalance: [ Option Pit was right on this forced flow trade! We posted a number of trades so you could take advantage of the event – and today was payday, with more coming tomorrow. JUL21 OpEx kicks off tomorrow morning and it could give us another boost before booking profits in the afternoon. Let's Go! [ [ - EASY BUTTON: BAC Dec15 26/31 Strangles closed for a 31% gain - NITRO TRADER: DIA, NVDA Aug4 352 calls, 345 calls, 425/400/375 put fly closed for an 11% gain - NITRO TRADER: DIA, SPY Aug4 351 calls, 454 puts closed for a 33% gain - POWER INCOME TRADER: XLK, FNGS Jul28, Aug18/Jul21 173/171 put vertical spread, 34 put calendar closed for a 7% 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: MSFT Chart Analysis Just when Microsoft (Ticker: MSFT) looked like it was ready to really pull back, off a double top at $351.50, it took off and traded up twenty bucks! So as you know, old resistance is now new support. That makes the $351.50 level a support area now which it traded back down to yesterday. Here is the close up: [ Where does it go from here you ask? [Click here to find out!]( - Licia AG's Views: Old Is New Again From the desk of Option Pit Director of Education Andrew Giovinazzi Imagine my surprise when I saw Exxon Mobil Corp (Ticker: XOM) at a 6 month low – heck, a one year low. My big contention is down the road AI will help make companies more efficient similar to the productivity boom after the internet was invented by Al Gore. All kidding aside, most of the big money went into AI and some folks might be trimming those holdings in the coming weeks. XOM looks pretty good, but the options look really cheap. [ 90 day realized vol is 27%. XOM is moving at least $1.5 per day on average every day. It’s time to look for $ cheap options. [The Easy Trade Button will be a good place to do it.]( - 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: Support - A level on the charts that acts as a floor for the underlying shares, whether that be a moving average, round number, former high or low, or otherwise. [( 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