Magnificent 7 Looking More Magnificent

Today's Pit Stop [FSTP](   [FTSP](tel:/1-888-872-3301) MARK-et Open:  Hey OP Crew,  Griff here with the Chart of the Day.  Massive gamma squeeze today as call buying on steroids hit the Magnificent 7 … Check out this chart showing real-time option flow for the Mag 7. [FTSP] S&P is up 7.5%, while during the same period the Mag7 is up 11.3% … Next week OpEx will see a significant amount of the call impact expire leaving option dealers with loads of stock to sell …  Should be a fun week … Have a great weekend …  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: Weekend Review: The Most Undervalued Semiconductor Stock  Weekend Review: In this week's review, I cover...  - Where I see the S&P going after this huge week. - A semiconductor stock that I think is massively undervalued. - Trades from across the OptionPub universe.  [Watch here](  -Mark  Pit Report: The QCOM Gap Chart Analysis  Ticker of the week:  As you know, here at Option Pit, we choose a stock every week to breakdown and analyze.  Then we all four meet in a live session every Monday and select a strategic options position to capture where we think the stock will be moving or not moving.  Yes, that means we analyze the volatility also.  To get in on this action you need to be an Option Pit member and you can peruse our huge variety of [memberships here.](  Also, if there is a stock you would like us to analyze, send it to [support@optionpit.com](mailto:/support@optionpit.com).  This week we are putting Qualcomm (TIcker: QCOM) under the microscope.  QCOM was steadily marching higher beginning in 2016 at $43 trading up to $94 in July 2020.  Then it just takes off: [QCOM]  It rallied up another $100 trading $194 in January 2022.  Since then, well it hasn’t been as great.  [Let’s take a closer look at the more recent chart.](  Licia Leslie  Profits in Pumps: Drink Your Water This Winter  Hi Shoppers,  It’s that time of the year again.  We’ve set our clocks back and it is cooling off, in most places.  I have a great recommendation to help you get your proper water intake this fall and winter.  You are drinking your required daily water intake, right?  It is especially important in the dryness of the winter.  Plain cold water just gets boring.  What you need is this hot water maker [fpip] Heats up cold water in a matter of minutes.  Then you can have hot tea, hot lemon water or my favorite lemon and ginger water.  So tasty you will find yourself drinking it all day, like me.  It also makes a great gift.  [On to the trade.](  -Licia  AG’s Views: UVIX Drops and Stops From the Desk of Option Pit Director of Education Andrew Giovinazzi. The Vol Shares 2x VIX Futures ETF (Ticker: UVIX) is about to go all Dec next week. What I really want to see VIX cash to tickle the 13 handle  UVIX decay will push it to $19 by Dec expiration. [fpip] Also note that UVIX stopped dropping on Friday even when SPX was off to the races. That’s because the VIX Dec future is at 16 and won’t drop any more. [FTSP] UVIX 5 day chart Next week, we should see the downdraft continue just in time for Mark to take a UVIX trade on Monday. - 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: Indicator: A tool used to take the temperature of a security and predict future movements.  [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](