🚗Oil-Related Names Looking Good

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Hey OP Crew, Pretty slow day today, but oil names are doing pretty well. This was not the easier volume to parse today, but I believe this customer was rolling out of the Aug18 85s and into the 90s. [ I did write this weekend about cheaper IV in the oil related names and strong upward trends, and it seems the market heard me. Even a sleepy stock like KinderMorgan LLC (Ticker: KMI) was up near 2% today. Don’t forget that was a 32% vol move. I was picking up KMI Aug18 18 call and 17 put strangles last week for .29, currently .36 with [OP Mentoring’s DIV+ strategy](. It seems oil and gas have momentum and the cheap vol now – good time for the [Easy Trade Button](! Let’s Go! [/campaigns/org775804783/sitesapi/files/images/774695510/ag (2).png] [ - NITRO TRADER: MSFT, AAPL, SPY Jul21 320/310 put spread, 180 puts, 445 calls closed for a 9% gain - OPTION SHOPPER: USO Jul28 68 calls closed for a 44% gain - POWER INCOME TRADER: SILJ Jul21/Jun30 10 call calendar, 9.5/10 call spread closed for a 77% gain - POWER INCOME TRADER: XOM Sep15/Jul28 105 call calendar closed for a 39% gain - TRADING DESK: UVXY, SPY Jul21 18 put, 435/427/419 put butterfly closed for a 2% gain - WIN THE WEEK: QQQ, FNGS Jul28/Aug18 375/374 put spread, 36/34 put spread 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=) Trader's Edge: Weekly News Report Look to home builders and GOOGL for the biggest moves this week Mark Sebastian, back again with your Weekly News Report. I'll cover the biggest news this week, how it will move markets, my top stocks to watch, and how you can trade the news … Today, I am focused on: - Jerome Powell’s Federal Reserve rate-hike update this Wednesday - Earnings reports in some of the Magnificent 7 stocks - GOOGL, MSFT, and META … and - The NASDAQ 100 Rebalance ripple-effects this week. I broke down all the details in today’s [Weekly News Report](: [5).gif]( [Here are three actions for you — to take advantage of the trading opportunities this week…](- Mark Power Income: Credit Crunch About to Get Much Worse The market narrative continues to be bullish, while financial conditions are getting more bearish. Credit card delinquencies are reaching 2008 levels. This could be a macro shock that sends stocks back into the bear market. The Fed can talk about how strong the labor market is all they want, but if that’s really the case … then why are borrowers under 50 failing on the credit card payments? And that’s not the only disaster hitting the economy as stocks head towards the most volatile time of the year. [I’ll explain it when you click here.]( - Griff 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: Flash crash: An algo-driven market move that is usually computer generated, causing the stock market to halt trading after it trips the circuit breakers. [( 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. 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