Will NVDA save the sector?

Daily Pit Stop [FSTP]([bf2023](   MARK-et Open  Hey OP Crew,  Griff here with the Chart of the Day.  With NVIDIA reporting after the close it was interesting to see Advanced Micro Devices (Ticker: AMD) to trade down 2.35% …  AMD failed against its previous high and the RSI is in a position where a new high would likely trigger a reversal pattern. [amd] Will NVIDIA save the sector with another very positive earnings report or will we see a reversal?  Time will tell…  Let's Go!  [Pit Profits] - POWER INCOME TRADER: ZBH DEC15 110/115 cv closed for a 104% gain  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: The One Event That Could Tank the Market  After a weekend, the VIX closed down on the day, that is a pretty strong move given that coming out of a weekend we would expect VIX up by .7 points.  This is because SPX had a really nice day, rallying more than 30 points to close above heavy technical resistance.  The rally was kicked off by a normal week of thanksgiving rallying…but the market exploded on the back of a pretty decent 20 year bond auction.  With bonds not primed to at a minimum NOT tank there is only one event in the way of the market going to 4600 or even higher…  NVDA earnings.  Ahead of earnings, what is the market looking for, and how should you play it?  [Click here for your answer.](  -Mark  AG’s Views: Less Than 1%From the Desk of Option Pit Director of Education Andrew Giovinazzi.  Stocks are down, VIX is down, and FOMC minutes come hot and heavy at 2 p.m. ET. The market did not care.  Traders are pricing the at the money strangle, long call and long put, for less than $3.00. That is too little.  Like I wrote in the OP Newsletter last night, past FOMC releases have produced 2% strangles and 3% market moves.  Holiday shortened below 1% seems crazy low. VIX is marking down into the announcement as well.  Almost like someone knows something and we’re at the end of the rate hiking cycle … Mark and I added strangles in the [Trading Desk](.  If you are interested in trading around events, Trading Desk is a good place to do it. - 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: Big Board - A nickname for the New York Stock Exchange (NYSE).  [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](