🚗 One Way to Lower Your Risk and Buy Time

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Griff here with a follow up from yesterday’s Chart of the Day. I hope many of you followed our lead yesterday and put on a bull spread on Fortinet, Inc. (Ticker: FTNT) … It recaptured the all-important .618 retracement of the down trade, meaning the correction may be over. text element here.... [ It was also nice to see two days of high volume buying. Nothing is guaranteed but the initial price action is bullish and a stop loss on a close back below $57 will limit losses. We purchased a call diagonal, which can be useful in lowering your capital at risk while waiting for the uptrend to develop. Also check out Raytheon Corp. (Ticker: RTX), which is another great company that may be putting in a bottom after an earnings sell-off … Let’s Go! [ [ - DELTA TRADES: MPW Sep01 10 puts closed for a 70% gain - POWER INCOME TRADER: SPY Aug18 445/444 put vertical spread closed for a 23% gain - TRADING DESK: XSP Aug11 452 puts/454 calls strangle closed for a 42% 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: The VIX Drop is Lagging and Here’s Why On Monday the S&P 500 roared higher, closing back over 4500 to 4518.44. But I am here to tell you…the action is NOT over. While I still think the VIX is going to get to 12 at some point…it is NOT going to be this week.and probably not next… How do I know? [I'll show you…and I'll tell you how to trade it.]( - Mark AG's Views: VIX Cannot Get into Zone 3 From the desk of Option Pit Director of Education Andrew Giovinazzi Stocks don't always do what you want. This morning, VIX going into Zone 3 (19-23) looked like it was going to happen. By the end of the day, VIX was all the way back into the middle of Zone 2 (13-18). [ At least until the CPI number VIX cannot hold a bid. That generally means VIX is lower by the end of the week. [Join me tomorrow at 7 p.m. ET to find out how to use these zones for consistent profits](. - 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: Weekend Effect: This is the Monday increase in VIX and other option volatility, purely a mechanical result of the liquidity provider rolling dates forward in the prior week to drive down option premiums, since there are only 5 trading days in a 7-day week. On Monday, the clock is reset. [( 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