🚗 VWAP + VIX = Profit Roadmap

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Hey OP Crew, Griff here with your Chart of the Day. Great case study today for the Win the Week daily roadmap, which uses a 5-min chart with the real vol implied move from open to close … We use a VWAP overlay with the VIX added (lower panel) … Once SPY traded below the daily implied move, lower prices were not confirmed by a higher VIX, which is a reversal trigger … SPY failed at the upper band of the VWAP and closed near the lows of the day. [( Please join Mark Sebastian and me tonight for a discussion with the founder of Spot Gamma. We will review the current option position dynamics at play and how incorporating them in your trading can help increase your probability of success. In fact, by the time you see this email, we’re already live! [Join us by clicking here.]( Let’s Go! [ Trader's Edge: "We Have Reached a New Low" To quote Will Ferrell as Alex Trebek ... "and we have reached a new low." The SPX fell out of bed falling below the 200 Day moving average. On the day it was down 60.91 points, good for a 1.43% move. VIX was up as well closing at 20.5, above the high from the previous day, although below Monday's high. With the VIX above 20 for the second time in 3 days and the SPX below the 200 Day Moving average ... what's the play? [Click here for your answer.]( - Mark Pit Report: GE Breakdown While it's early in the earnings season, so far the results have been underwhelming. The banks initially got a pop, and then pulled back. Big tech…big wreck (outside of MSFT). But…there is one company that has reported besides Microsoft that has had standout results. This company is a bellweather and is widely held. Heck, you probably own a few shares. It has been nothing but sadness for years, but now appears to finally be breaking out… is it time to finally buy this name? [Read on to find out.]( - Mark 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: Meme stocks: Typically stocks that are popular among Reddit and Robinhood users, called that because millennial traders often make memes about stocks they’re trading. [( 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