Drying Paint Today, Fireworks Tomorrow

Daily Pit Stop [FSTP](   [fstp]( MARK-et Open  Hey OP Crew,  Griff here with the Chart of the Day.  So far, the option dealers have kept a tight leash on volatility and are pinning the indices right on their largest gamma strikes.  It’s like watching paint dry, but tomorrow’s expiry will shake things up heading into next week.  Here is the real-time option flow for the S&P 500 combination:  [fstp]  Hoping for some fireworks tomorrow.  Let's Go! -Griff  [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).  Pit Report: TOST Breakdown  Ticker of the week: TOST  Each week, I’ll give an overview of a stock and Licia Leslie will follow that up with a chart analysis the next day. Bill Griffo will chime in with macro analysis and Andrew Giovinazzi will then finish out the week with a volatility breakdown.  It seems there is no shortage of cruddy stocks. For every TSLA there is at least one NKLA….  Stocks with high multiples and no earnings explode during periods like 2020, but then typically reality hits and the stocks tank.  But out of the ashes every now and again a stock that is hated becomes a darling yet again.  Normally we stick to stocks with good fundamentals or at least FORMERLY good fundamentals.  But this week we are going to look at a former high flier to see if this stock can get wings again in the future.  Is this former darling a huge short…or great long term long….  [Read on to find out.](  Your only option,  -Mark  AG’s Views:TSLA IV Looks CheapFrom the Desk of Option Pit Director of Education Andrew Giovinazzi. At this point, it’s hard to separate Tesla Inc (Ticker: TSLA) from all of the other action Elon Musk has going on.  There’s SpaceX and Twitter (X) just to name a few.  Right now some shenanigans are brewing at Twitter which might cause an adverse effect on TSLA shares. [fstp] Edge Hunter VBS sheet showing relatively cheap TSLA options TSLA IV looks underpriced right now, especially if the story moving on Twitter (X) gets wider publicity.  I had a strangle in TSLA in the Easy Button and closed calls for good money which left me with a free put which I sold.  [Now I want to get back in. Will you join me?](  - 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: Double-top: A technical chart pattern where a stock makes a high, retraces for a period of time, and makes another high in the same area.  [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](