The Name’s Bond ... 30-Year Bonds

[FSTP](   [Spot Gamma, AD,]( MARK-et Open  Hey OP Crew,  Griff here with the Chart of the Day.  Just when sentiment in bonds was turning positive, the 30-year bond auction was one of the worst ever recorded.  The high yield awarded to investors was 4.769% but it was .053% higher than where the bond was trading in the market at auction time (1:00pm). Foreign demand was low and the Fed’s primary dealers were awarded more than usual. [fstp1] This time sure is different. With US debt and deficits at historic highs, risk free doesn’t mean as much as it used to. Let's Go!  [Pit Profits] Want to find YOUR winning fit? Give our Customer Care Team a call at 1-888-872-3301 Monday-Friday from 9 a.m.-5 p.m. EST. Or email them anytime at [support@optionpit.com](mailto:/support@optionpit.com).  Trader's Edge: We are at a key moment in the market  In this Mid-Week Update Video We’ll Cover: Stocks that are moving,  - SPX levels and why we’re at a key moment - Stocks that are moving - We check out the UVIX - My thoughts on the bond market by EOW  [Watch here]( -Mark  AG’s Views:I Got Out of My UVIX Trade, So I Put On Another From the Desk of Option Pit Director of Education Andrew Giovinazzi. SPX was on a historic 8 day run, soon to be 9 when J-Pow threw cold water on everyone and said he’s not done fighting inflation. The bond market is fighting it for him after some bad auctions today tipped stocks lower.  While the getting was good, I exited my Vol Shares 2x VIX futures ETF (Ticker: UVIX) puts this morning that I put on a month ago – right when Hamas invaded Israel only for Israel to invade them back. That set off a mess for a few weeks culminating in the market recovering from lows.  That is not good for UVIX. The product went from $44 to $23.10 in 9 sessions. When UVIX is not going up, it is going down and it keeps eroding. [fstp2] Mark and I put on a less aggressive UVIX trade in the Trading Desk this morning. But it’s the same idea – short UVIX via put with a short index hedge via put. That last trade just worked out, this one might really work out. - AG  OPTION PIT GLOSSARY [Glossary] There are plenty of terms in the trading world that need explaining. The [Option Pit Glossary]( is here to help. Today’s phrase is: Long Squeeze: A market action that tries to get long holders to liquidate their positions by heavy, leveraged selling of the underlying securities by other market participants  [Questions] You can [Update your preferences]( This email was sent by [support@optionpit.com](mailto:/support@optionpit.com). 1-888-872-3301 [Option Pit]( | 190 S LaSalle Suite 3000 Chicago, IL 60603 | [Privacy Policy]( [Stop receiving OptiPub emails](