🚗 Profit in the Home Builder’s Wrecking Ball

[] [The daily rundown of everything happening at Option Pit.]( [( Mark-et Open Griff here with the Chart of the Day. The bond market renewed its uptrend this week after failing to hold a breakdown in yields below 4.10% … Today it rose above 4.25% and the dollar wrecking ball continued as it broke above the 104.70 high in May … [ The rise in rates crushed home builders today as the SPDR homebuilders ETF (Ticker: XHB) was down 3.6% … Win the Week purchased a XHB put spread on Thursday and closed it today for a 70% gain … I still think housing has further to fall as rates continue trending higher. Stay tuned for a reset trade in the days ahead … Let's Go! [ Trader's Edge: The Hottest Three Sectors this Week - Market Report It’s time for your Market Report – the biggest news, sectors, and options info for the week ahead. In today’s clip, I cover: - Upcoming economic events… - The top sectors and stocks on my watchlist including oil, tech, and retail…and - My VIX and market outlooks for the rest of this short trading week… All this and more in today’s Market Report. [Watch right here…](- Mark [32).gif]( AG's Views: One Week Forward Vols Down to 10% From the desk of Option Pit Director of Education Andrew Giovinazzi Implied Vol for SPX is getting low, and the cost to buy call and put calendars is even lower. Realized Vol for SPX is 12.55% over the last 10 days. Forward vol of the Sep08/Sep15 is around 10.7%. That means there’s very little demand for options currently, and traders don’t think the moves of the last two weeks are likely again. Another way to think about this – it’s very cheap to carry calendar spreads as a long or short market leg. This would be a topic for [Pro Pod 1]( as my trainees learn how to price volatility. [ We will cover this in OP Mentoring on Wednesday. There are a few Fed speakers about this week so that could be the bid for IV in the Sep08 cycle. The end of Summer translating to a volatile market is not here yet. - 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: Married Put: A married put is one long put for every long 100 shares of stock owned. The put serves as an effective stop for the shares dropping in price too much. [( 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