🚗 Metals are Doing Exactly What Bill Griffo Said They Would

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Griff here with the Chart of the Day. A random yet wild ride in the metals today … if you want to know what market manipulation looks like … Check out the silver chart from today … With interest rates and the dollar reversing this week nothing justifies such a move, which means it was the bullion banks pressing prices … [ There are many behind the scenes games being played and I will circulate a special report next week identifying them and what to expect … Have a great weekend everyone … Let's Go! [ Profits in Pumps: A Lesson on Delta I am pretty sure you are familiar with the term “delta” related to options. This is just a little refresher. Theoretically, all things being equal, an option’s delta is how much the option’s price moves as the stock moves. A 50-delta call moves up $.50 as the stock moves up a dollar, all things being equal. This is the option’s “moneyness” meaning where the option’s strike price is in relation to the underlying price. [Here's how traders can profit by understanding delta...]( - Licia Pit Report: Restaurant Brands International on the Rise Restaurant Brands International Inc. (Ticker: QSR) owns 20k Burger King franchises and 10k others around the world. QSR is well positioned internationally and they have developed a proficient e-commerce platform and loyalty programs. They also distribute a ~3% dividend. The stock is down 16% since its high of 77.60 in July and it looks to be putting in a low this week … [Today, we’ll look at their technical chart pattern and options positioning to come up with a trading strategy …]( - Griff AG's Views: Friday Vol Catches a bid From the desk of Option Pit Director of Education Andrew Giovinazzi The rally in SPX got cut short Friday when the budget deal failed once again leaving traders to decide what will happen over the weekend. They voted with their pocket books and bid VIX into the close after VIX trolled 16.10 this morning. [ We did have a intraday 50-point swing in SPX... so intraday, the market is still somewhat volatile but it is not holding a rally or a selloff to finish near unchanged. I would guess we selloff on Monday unless there is some kind of budget deal. At least that is what the VIX says will happen. [Just check us out in the Trading Desk to see how to manage this.]( -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: Juice - The option trading floor slang for option premium, decay, theta, or other terms describing the extrinsic value of options. [( 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