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[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Hey OP Crew, Griff here with the Chart of the Day. It’s not often you get a stock up 31% in a day. Roku Inc. (Ticker: ROKU) beat EPS by 40% and revs by 9%: [ Two negatives for ROKU: their average platform revenue per account dropped 9% YoY, and Morningstar’s fair value price is $70. Plus, they do not have any pricing advantages in this highly competitive marketplace. I would sell at $95 looking for consolidation down to $85. Have a fantastic weekend, everyone … Let’s Go! [ [ - DELTA TRADES: DOW Sep15 55 calls closed for an 80% gain - EASY BUTTON: JPM Aug18/Jul28 145/160 strangle, 160 call calendar closed for a 16% 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: Here’s How to Call the Market Top - Weekly Wrap Up Mark Sebastian, back again for your Weekly Wrap-Up. Here’s my recap of all the moves I spotted this week and where I am looking ahead for more options to play next week. In today’s clip, I shared: - My earnings outlook in tech and oil … - The Dow Jones run and what’s next … and - My top stock watchlist for next week: including AAPL, DIA, and QQQ. I also outlined a specific pattern l am waiting for that will call the market top and signal a move lower … I broke it down, shared all the stocks I am watching next week, and how I plan to trade them with my members. [Check it out in today’s Weekly Wrap-Up clip:]( [6).gif]( - Mark Pit Report: MAT Chart Analysis We were huge Barbie fans growing up. My Barbie looked just like Mary Tyler Moore with the brunette hair that flipped up a bit. I loved her. I remember my Dad putting together our Barbie Dream House on Christmas Day. My sister and I had the camper, the airplane, and tons of clothes. Yes, Barbie’s measurements are pretty near impossible in real life. It says if Barbie were a real woman she would be 5’9” with a 39” bust, waist of 18” and 33” hips. I read that’s room for half a liver and a few inches of intestine. Also, her legs are 50% longer than her arms and the average woman's legs are 20% longer than her arms. I think we can guess who created Barbie. Just sayin’. As we all know the perfect female proportions are 36”, 24”, 36” ie Brickhouse, Commodores 1977. Love the Commodores! One last thing before we get to the charts. My son and his friends went to the movies last weekend also. I assumed they were going to see Barbie. They went to see Oppenheimer!! I am so proud!! Anyway, onto the chart! [Click here for my analysis.]( - Licia Profits In Pumps: A Huge Reversal Wow. Can you say reversal? That’s what yesterday was. A huge market reversal. The market looked like it was flying ready to go to the moon in the morning. S&P 500 (Ticker: SPX) gapped open up 30 bucks from the previous day’s close. It rallied another seven points in those first five minutes to tick the high of the day. It wasn’t until lunchtime that we began to see cracks in the bull story. Thirty minutes later, we are unchanged. The next move was straight down for thirty points, mini bounce and then it trades a low net down on the day of forty points and finally a nine point bounce in the last ten minutes. An eighty point range, from high to low, on the day. Check out that daily candle: [ That is a huge reversal. You will see it on the Invesco QQQ Trust (Ticker: QQQ) and iShares Russell 200 Index (Ticker: IWM) charts, too. So where do we go from here? [Click here and I’ll show you.]( - Licia 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: Hedging: Protecting an investment with a separate investment (usually on the other side of the bullish/bearish coin) to act as “insurance” and limit losses in the event the primary trade doesn’t work out. [( 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. 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