🚗 Don’t Bet Against Jackson Hole’s Influence

[] [The daily rundown of everything happening at Option Pit.]( [( MARK-et Open Griff here with today’s Chart of the Day. What a reversal day! Relentless negative delta option flows all day in the S&P complex. I don’t think I have seen a day where call flow was flat and put flow was bearish all day... [ Bearish all around … Jay Powell’s Jackson Hole appearance is at 10:05 am tomorrow... Maybe we will get back to back reversal days on a dovish speech!! Let's Go! [ [ - DELTA TRADES: TLT Sep08 95.5 calls closed for a 29% gain - EASY BUTTON: SLV Oct20 21p/22c strangle closed for a 46% gain - OPTION SHOPPER: TLT Aug25 94 calls closed for a 63% gain - OPTION SHOPPER: XSP Aug24 439 puts closed for a 400% gain - TRADING DESK: XSP Aug25 439p/441c strangle closed for a 13% 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=) Pit Report: GRNC Breakdown [Pit Report] Energy – it seems to be the driver of everything right now. Green energy goes through its hot and cold times. Oil and coal have their pops and drop. Living in Texas, I’ve seen the power grid fail a lot of people. Some of them have been stuck without power for days – others had a solution. Today I am going to take a look at a solution for those that fear the grid. This stock will protect from grid failures … but is the stock a fail? Let's find out. [Click here for my full breakdown.]( - Mark AG's Views: NVDA Pops, Drops, and Vol Gets Smoked From the desk of Option Pit Director of Education Andrew Giovinazzi Yes, you say VIX is higher, but that’s more from the move down in SPX than anything else. Short term IVs are down for this week and next after the big Nvidia Corp (Ticker: NVDA) earnings came out: [ Traders are discounting JPow’s speech in Jackson Hole tomorrow as a non-event. Recent history shows that has not been a great bet. The SPDR S&P 500 Trust (Ticker: SPY) Aug28 438 straddle went out for $5.00 and I think that is a little low. - 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: VXX: A ProShares ETN that owns the front 2 months VIX futures contracts to keep a constant 30-day duration. [( [.]( 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