🚗Stocks and Bonds Get MAJOR Squeeze

[] [The daily rundown of everything happening at Option Pit.]( [.]( MARK-et Open Hey OP Crew, Griff here with the Chart of the Day. What a wild squeeze in stocks and bonds this week! The question is where do bonds go from here? Looks like today the US 10-year ran out of steam and possibly completed a fake breakout to lower yields: [ Today presented a good opportunity to fade the bond rally as investors will have to absorb $112 billion in new 3-yr, 10yr, and 30yr supply at rates next week. We added an iShares 25+ Maturity Bond ETF (Ticker: TLT) put vertical and Dec15 put butterfly on the SPDR Homebuilders ETF (Ticker: XHB). Let’s Go! [ [ - OPTION SHOPPER: GM Nov10 28.50 calls closed for a 115% win 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: Weekly Wrap-Up: SPX, Triple Q’s and the Magnificent Seven In this week’s roundup, we’ll check out: - What’s going on with the bond market - SPX breaks the 50 day moving average - Trade setups in the magnificent 7 I’m seeing with implied volatility crashing [So click here to check it out.]( - Mark [( Pit Report: MOS Chart Analysis This week’s Option Pit stock of choice is The Mosaic Co (Ticker: MOS). As Mark said with the Russian/Ukraine conflict beginning in February 2022, these fertilizer stocks have traded straight down since April 2022. Here is the MOS chart from April 2022 on: [ MOS earnings report is scheduled for November 7th, next Thursday. [Let’s zoom in on the charts and see where MOS is heading next.]( - Licia Profits In Pumps: It Never Looked Back Wow what a rally! After closing right at the 200 day moving average on Wednesday, the S&P 500 (Ticker: SPX) gapped open up 30 points and never looked back. Check out the five minute chart: [ Marched higher with nary a pullback. And look where we are: [ Back at the neckline of the head and shoulders formation which will be new resistance at $4334. There were some tremendous moves yesterday like ROKU up $18 almost 31%, SHOP up $11 or 22%, PLTR up 20%, AFRM up 20% and CVNA up 15%. [If you continue here I will show you a closer look at Carvana (Ticker: CVNA) and where it is headed.]( - Licia AG's Views: The Animal Spirits Are Back with CHWY From the desk of Option Pit Director of Education Andrew Giovinazzi Chewy Inc (Ticker: CHWY) is coming back from the dead after being a over $100 darling in 2021. CHWY recently traded in the teens and is profitable now as the favorite dog food delivery service my sister-in-law uses. Paper is piling into pre-earnings terms. Still, I think this IV is relatively low. [ I sold 22.5 puts in Oct in CHWY and took delivery. I bought some 22.5 calls too for .75 in January. Remember, stocks are not all the Magnificent 7. Animal spirits coming back into stocks that the laggards could get bought up into the end of the year. - 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: Gamma: The rate of change of an option’s delta for every $1 move in the underlying. [( 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. 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