Oils Slides into Put Wall

[] [20daily%20rundown%20of%20everything%20happening%20at%20Option%20Pit.]( [( MARK-et Open Hey OP Crew, Griff here with the Chart of the Day. Oil has really hit the skids today … check out the SPDR Oil & Gas Producers ETF (Ticker: XOP). It hit the put wall today at $140 and will close below it so we may get an opportunity to buy it near the 200-day MA at $134: [ The seasonals on Oil are terrible into mid-December so this may be a great opportunity to build a position for very positive seasonals into mid-2024. Let's Go! [ - EASY BUTTON: IBM strangles closed for a 37% gain - EASY BUTTON: SVIX strangles closed for a 33% gain - EASY BUTTON: SVXY strangles closed for a 40% gain - EASY BUTTON: NFLX strangles closed for an 8% 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: Shaking Off the Sell-Off In the last week we have seen the S&P 500 bounce off of lows and have a violent rally. I had been telling traders, we need a major move in realized volatility or the VIX needs to drop… BOTH happened….we rallied hard and the VIX took a dive. This was on the back of a nice rally in Bonds. So now that the violence has happened for markets…what’s next? Is the VIX going to 13 or back to 20. [Here’s your answer and how to play it.]( - Mark AG's Views: AAPL IV Lowest in a Month From the desk of Option Pit Director of Education Andrew Giovinazzi Apple Inc (Ticker: AAPL) just reported yet another quarter of no revenue growth, yet investors keep piling in to the same massive valuation they did in the summertime when AAPL got close to $200. Very few investors want to leave the comfort of what they see people using every day. We Google a search on Youtube, open up our Excel spreadsheets, turn on Netflix, or watch the latest game on an Nvidia graphics chip. The rest of the businesses on the planet? No one cares. [ I think the options are too cheap. Even an easy run to $200 at this rate is not out of the cards. If investors are paying these prices for the stock, what’s to stop them from higher prices? I like buying the mid Dec options in AAPL. - 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: Mutual fund: Registered investment vehicle regulated by the SEC with daily settled prices [( 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