Low-Risk High-Reward Opportunity in RIOT – Details Inside

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Frank Gregory gets an assist for today’s Chart of the Day. During Frank’s live [Make the Call]( show today, he provided great insight for Wednesday’s BRICS Summit. Frank believes announcing the launch of the BRICS digital global payment system could fuel buying in Bitcoin miners. I agree that Wednesday will shed light on how far along the group is, and after a fierce correction, RIOT Platforms (Ticker: RIOT) is a great buy here. You could execute a straight 13 call for $1.83 or do a 13/14 call spread for $.20 that could return 150%. Check out the chart: [ This is an easy low risk high reward trade at an opportune time. Stay tuned for more BRICS updates. Let's Go! [ [ - Power Income Trader - SPY Aug25 437/436 put vertical closed for a 96% gain - Power Income Trader - XHB Sep15 83/81 put vertical and Sep15/Aug18/Aug25 81 put calendars closed for a 33% gain - Trade to Close - CCJ Sep15 35 calls closed for a 38% 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: Treasuries Hint at a Market Shift – Weekly Report We have a big week ahead and I have your full coverage here in today’s Weekly Report. Check out today’s clip to see: - Major events that will impact the market this week: - BRICS meeting - August 22 - Fed meeting this week and Powell speaking on August 25 - NVDA earnings - August 23 - My market overview: analysis of S&P 500 and NASDAQ… - Top stocks I am watching including MSFT, AAPL, META, and XOM… - A trade idea in JNJ… - And find out what the U.S. Treasury movement suggests about the next shift in the market. I have two steps for you today to prepare for the week ahead: [#1 Watch today’s Weekly Report right here…]( [23).gif]( [#2 Sign up for Bill Griffo's newsletter Power Income right here if you haven't already](. - Mark Power Income: Currency Wars Heating Up This Week Two events really caught my attention last week; - First, the extent to which the BRICS currencies weakened against the dollar. - Second, the media’s focus on China’s real estate market and banking system being on the verge of collapse. All this coming just a few days prior to a major BRICS summit is more than coincidence I believe. This either suggests one of two things: - A hot currency war has begun, where the US boosts the dollar to inflict economic pain on the BRICS+ countries, while China and others sell US bonds in support of their currencies - The US is trying to water down meaningful announcements that may come out of the BRICS summit on Wednesday. It may actually be both … [Today, I’ll lay out the most likely scenario and how to trade it.]( - Griff AG's Views: VIX Doesn’t Hold the Weekend From the desk of Option Pit Director of Education Andrew Giovinazzi Normal Monday activity would press VIX higher as it recovers some of the weekend effect. I expect VIX to mark up most Monday’s because traders reduce option prices into the end of week as they expect two non-trading days Saturday and Sunday. That shows up as higher VIX on Monday. VIX did not make a new recent high today: [ Below VIX cash is higher than normal relative to futures with this much time to go to expiration when the VIX curve is in contango. I think this is the Jackson Hole effect. Stocks cannot sell off or Nvidia Corp (Ticker: NVDA) is holding up the market.With the future prices where they are, I expect VIX to trade 16 post Jackson Hole speech and NVDA earnings: [ The VIX Sep20 17 puts look like a good price for around $1.15. - 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: Dividend Play: An option trade, usually selling a put, to capture the dividend when the short put is assigned. The idea is to sell the put, take delivery of the stock and collect the dividend on the Ex-d date. [( 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