🚗Powell Has Lost His Mind

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Hey OP Crew, Griff here with your Chart of the Day. Volatility is back and bond volatility especially, has reached its boiling point … A point where it has reached 3 times in the past and all three were met with injections of liquidity … Keep an eye on the volatility index for TLT (Ticker: VXTLT) next week any further rise could force Janet’s hand ... [ Let’s Go! … Have a great weekend everyone! [ [ - OPTION SHOPPER: XSP Oct19 428 puts closed for a 170% gain - POWER INCOME TRADER: SPY put spread closed for a 110% gain - WIN THE WEEK: QQQ put butterfly closed for a 115% 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: The Gold Rush is On I have been called a gold bug many times in the past couple of years ... To be honest i do trade gold often but I have sold it just as often as I bought it. I just happen to love trading the yellow metal ... There is something about trading the only “real money” in the world … You see, Gold is the anti-fiat currency, meaning its value rises as the purchasing power of paper currency falls ... Check this chart out: [ One hundred and twenty years of holding its purchasing power as all paper currencies have lost theirs … [Today we’ll take a look at trading the SPDR Gold Trust (Ticker: GLD)]( Profits in Pumps: A Simple But Important Lesson Here at Option Pit we are traders. But we are also educators. A large portion of a members’ experience here is based on education. Mark and Andrew are continuing with that by holding a special class on Saturday 9:30-11:30. They are actually going to teach you how to use their proprietary scanner and you get to keep it for your own personal use. That’s pretty cool. Why would you miss it? Speaking of lessons … [ I have a super simple super important lesson/reminder for you. old resistance = new support and old support = new resistance That’s right, those support/resistance levels are very important and they really work. And remember the close is what matters. You want to see that real body of the Japanese candle, the colored part, above or below that support/resistance level. [Continue here for an example and how to trade it.]( - Licia Trader's Edge: What to Buy When The VIX Is Booming I have been at the CBOE Risk Management Conference for the last 2 days and will be going for half the day on Friday. This went out to my paid members this morning, but I wanted you to get some insights into what the derivatives world is seeing right now. What you are about to read is what my subscribers got this morning. While there is a ton of take aways, and I am going to be sharing my thoughts (and Cem Karson’s) directly with trading desk subscribers today at 2 pm, I wanted to share with you the 5 big things I took away from this invite only conference. I also want to give you a little trade idea I have around the pop in volatility going into expiration Friday… [Click here to read more...]( - Mark Power Moves: Powell Has Lost His Mind Powell has not only lost control of the bond market … [He has also lost control of his mind.]( 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: Earnings: A company’s quarterly (usually) financial report, which can often act as a volatility catalyst for the underlying stock. [( 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. 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