🚗Squeezy Action – Coming to a Rate Hike Near You

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Hey OP Crew, The theme of the Dow Jones Industrial Average (Ticker: DJI) outperforming the Invesco QQQ Trust (Ticker: QQQ) stocks was in full tilt mode today. For now, VIX is not dropping. [ QQQ is rising into the news. That’s right as investors see Main Street business beat earnings expectations so they think QQQ stocks will too. I think the VIX expansion is for a move higher in the broader market. A squeeze up feels in the cards. Let’s Go! [2).png] [ - DELTA STRIKE: AAL Aug18 17 puts closed for a 61% gain - DELTA TRADES: KDP Aug18 32 calls closed for a 50% gain - MAKE THE CALL: GE Jun 21, 2024 110 call closed for a 41% gain - MAKE THE CALL: GLD, XLK Aug11 76 call, 171 put closed for 9% gain - NITRO TRADER: PENN, DKNG Aug18 25 calls, 25 puts closed for a 24% 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=) MARK IN THE MEDIA [( Trader's Edge: We Traded the Rebalance – What Now? The Option Pit VIX Traffic Light Is Red: Volatility is likely to slide. On Monday, the Invesco QQQ Trust (Ticker: QQQ) officially started trading with its new portfolio make up. The rebalance trade occurred on Friday. This rebalance turned into one of the better trading opportunities I have seen this year. While I expect trading to remain hot, I wanted to update you on what happened over the rebalance, where the market goes next, and what major events might be coming our way. And of course … how I plan to position myself. [Click here to see my plan.]( - Mark 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: Spike: An immediate price change in a security where the relative move is much higher than the normal 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