🚗EVs Get a Burst of Energy

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Hey OP Crew, Griff here with your Chart of the Day. The running of the bulls continues right through turnaround Tuesday. The EV sector was given a real shot of adrenalin from UBS Group AG (Ticker: UBS), who launched coverage on ChargePoint Holdings (Ticker: CHPT) and Blink Charging (Ticker: BLNK) with buy ratings. The news also boosted one of my favorites, the king of lithium Albemarle Corp (Ticker: ALB), which is primed for a MACD bullish cross and a breakout towards $180 in the weeks ahead. [ However, the market will be tested over the next couple of days, as the Treasury will issue long-term bonds and the all important producer price and consumer price indexes will be released. Let’s Go! [ Trader's Edge: How to Trade Market Events Over the weekend we saw a horrible event happen. Leading into market open futures being down big, oil was exploding, and the VIX was looking spicy. By the end of the day the VIX closed up .25 points (down adjusted for the weekend)...and the S&P 500 closed up 27.16 points. So how is this possible? How can something so awful happen and markets go up? [I'll explain how markets react to events and how you can trade this.]( - Mark AG's Views: 170 Points in Three Days From the desk of Option Pit Director of Education Andrew Giovinazzi Mark said it on the Trading Desk show today – SPX is up 4% in 3 days as of midday Tuesday. I guess the big jobs number helped. I think it’s also the bond market taking over rates. It’s possible markets get back to “good news is good, and bad news is bad.” On a day where USGOV Treasuries are lower and yields are up, money actually costs something again. [ If we get decent inflation numbers, don’t be surprised if we are up another 100 points by the end of the week. [If you want to learn how to trade the UVIX split coming up, check out my webinar tonight at 7 p.m. ET.]( - 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: VIX futures: Futures for the Cboe Volatility Index (VIX). They settle to cash on the Wednesday morning 30 days prior to expiration of the following month SPX contract. [( 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