Black Friday, Winners and Launches!

Daily Pit Stop [FSTP](   [bf2023](  [Pit Profits] - EZB SVIX strangle closed for 17% gain - TRD 151 UVIX/SPY Puts close 10% gain , 147 UVIX/SPY puts closed for 11.4% gain - OPM SPY Nov24/17 put calendars with call closed 4% 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).   Pit Report: MLCO Chart Analysis  Penn Gaming (Ticker: PENN) and DraftKings (Ticker: DKNG) have had nice rallies recently.  Can Melco Resorts and Entertainment (Ticker: MLCO) get off the mat?  This casino stock has been in a downtrend since May 2018: [frep] It has traded from $30 down to $7.00.  Is it possible for this stock to recover from these recent lows?  [Now you can continue here for a closer look.](  -Licia  Profits in Pumps: See the Amazing Launch  How full are you?  Are you already thinking about that turkey sandwich?  I know I will be eating the stuffing and cranberry until it is gone.  Remember I told you about the SpaceX launch of the Starship Flight Test?  Well, we made our way down to South Padre Island last Friday night to spend the night.  The launch was scheduled for 7:00 - 9:00 on Saturday morning.  We walked down the beach, before sunrise, to the farthest south we could get, which is the jetties, to watch this event. [fpip] [fpip] There were a lot of people but it was not overly crowded.  Everyone was so excited.  We really didn’t know what to expect exactly.  Here’s what happened:  [   It was absolutely incredible!  You could feel the ground shake and the rumble throughout your body.  We will definitely return for the next launch, it was that amazing!  Back to business.  Don’t forget to check out our [Black Friday sale,]( lots of goodies to be had.  [And a trade idea going into Monday.](  -Licia  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: Calendar spread - An option spread where the trader buys an option in one expiration series, and sells another option in another expiration series at the same strike price. A long calendar spread is when the trader buys to open the back-month options and sells to open the front-month options.  A short calendar spread is when the trader buys to open the front-month and sells to open the back-month options.  [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](