🚗 KRE in the Danger Zone

[] [The daily rundown of everything happening at Option Pit.]( [( MARK-et Open Hey OP Crew, Griff here with your Chart of the Day. The SPDR Regional Bank ETF (Ticker: KRE) is approaching some dangerous ground after this week. This will make Powell’s remarks on Wednesday critically important. [( Not only that, but the mighty Magnificent Seven have fallen from grace … and that will only add to the fear that seems to be building into year end. A Powell recovery may be the only way to salvage a Santa Claus rally but right now that seems like a dim prospect. Have a great weekend, everyone. Let’s Go! [ [ - DELTA STRIKE: VALE Nov17 13 calls closed for a 143% gain - OPTION SHOPPER: XSP Oct27 411 puts closed for a 119% 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=) Trader's Edge: SPX and VIX Key Levels and Earnings Preview I discuss the event from last night, talk key levels in SPX and VIX, touch on our trades from this week,discuss earnings, and preview a little bit of what is ahead for next week. [Click here to watch today's video.]( - Mark [( Pit Report: GE Chart Analysis Ticker of the week: GE Hey Traders, Our stock this week is General Electric (TIcker: GE). You remember GE. They make light bulbs and bring good things to life. Obviously they are an energy company also. I am just here to analyze the chart. Zooming out on the GE chart going back to May 2020: [ The stock hit that upper resistance level for a second time and rolled over. Now it is flirting with the red median line. [To take a more recent closer look continue here.]( - Licia Profit in Pumps: I Was Wrong. Now I know you didn't miss Bill Griffo last night. He had a boatload of trading tools to offer. In case you couldn't make it here is the replay. And ... I have a confession to make ... [I was wrong.]( [( I can admit it. Remember nothing is 100% in trading. I don't care what system it is, none of them are 100%. I had a couple of signals pointing to a higher S&P 500 (Ticker: SPX). Well ... that didn't happen. Instead the market has had a pretty good sell off. A 110 point selloff to be exact. That's 2.6%. [If you continue here I will show you the support level and a trade idea.]( - Licia 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: Ask price: The price of an option at which the liquidity provider is willing to sell. [( 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