🚗 One Word Change = Gamma Squeeze

[] [The daily rundown of everything happening at Option Pit.]( [( The Fed is primed to kick the can down the road this week. [See how Bill Griffo will continue making triple-digit profits!]( MARK-et Open Hey OP Crew, Griff here with your Chart of the Day. Fed only changed one word in its statement today but his tone was more balanced and the markets took it as they are done … This fueled a serious gamma squeeze in the major indexes. As always it starts with bonds and as you can see the 10-year interest rates collapsed today … [( There was still a lot of negative gamma in the market coming into today so there may be further to go on the upside if rates continue to drop … Let’s Go! [ Power Income: Powell Preview - Hand Off to Bond Vigilantes Let’s face it … Powell’s tightening cycle is over … we may here how the bond market and high rates for longer will continue doing the Fed’s job of lowering inflation for them … [( However, the truth is he is now powerless … As you can see below he has created extremely tight financials conditions that continue making matters in the bond market worse … Financial conditions today are nearly as tight as they were last October when the UK’s bond market blew up and the US had to come to the rescue … This year Powell may be the culprit for a US debt crisis and he may put in high gear today. [Click here to check out what he'll do.]( - Bill Profit in Pumps: Our Fed Translator Today’s the day we’ve all been waiting for. The Federal Open Market Committee decision. You all know our Bond Expert here at Option Pit, Bill Griffo. He is a specialist on all things Fed. He is hosting a live session Thursday at 1:00 PM ET. [You can secure your no cost seat here.]( Griff will be our translator on any and all things Jerome Powell says. [( He is going to reveal to us the following: - Why the US Treasury market is set to CRASH - Why we ARE NOT seeing extreme fear yet - What will need to happen to bring inflation down to 2% once and for all - And the path smart traders must take into November 17th expiration I know I would like the answer to bringing inflation down once and for all. [Once you are registered, go here for a new trade idea.]( - Licia AG's Views: Flat Again ... From the desk of Option Pit Director of Education Andrew Giovinazzi My indicator of the day is 9 day VIX (Ticker: VIX9D). Why? Well, right now it’s still running hot after nearly 10 trading days over 20 with barely a 1% close to close move during that time. The Middle East crisis pushed the short term VIX sky high. [( The last time VIX9D was in Zone 1 – below 13 – was in September before rates started blowing up. I think most of the VIX action has been around the Middle East crisis as stock traders have gotten used to “higher for longer” on rates. [ Post FOMC minutes, VIX9D should subside to the 16s. At least then we know traders are getting past the Middle East crisis. That should set up a run to the 13s. Mark and I set up a trade for this in the [Trading Desk]( today. Join us if you want to see how to position Mini SPX Index (Ticker: XSP) and Vol Shares 2x VIX ETF (Ticker: UVIX) around these events. - 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: 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. 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