We head into an important week

Daily Pit Stop [FSTP] The countdown to Andrew's next Two-Way Income Trade is on... and less than 24 hours away. Learn how you can access weekly trades averaging 20% every 14 days AND hedge your entire portfolio in case of a market down day. [Click HERE>>]( The Correction  Griff here with the Chart of the Day. Gold correction nearly complete …  The SPDR Gld Trust ET (Ticker: GLD) closed lower for the 6th straight day today … The failed breakout and correction is typical for the precious metal and it is nearing the buy zone from 181.5 to 182.  The seasonals in gold and oil are about to shift bullish so I am averaging into longer-term positions over the next couple of weeks … [fstp] Let’s Go! - Bill  [Pit Profits] Want to find YOUR winning fit? Give our Customer Care Team a call at [1-888-872-3301](tel:/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)  [fvix] 2 Huge Economic Events This Week  In today's look ahead video, we'll cover: - The 2 huge economic events happening this week - Levels I'm watching in the major indexes - The stocks that I'm keeping a close eye on [fvix]( [Watch here!](  - Mark  [power income, FPRI] Most Important Week of the Year  Coming off the largest easing of financial conditions of any month in the last 40-years (November), the stock market will now be tested in the next 2 weeks as multiple forces come into play:  - $100 billion in US Treasury bond supply on the heels of an .85% drop in US 10-year interest rates. - 2023 tax selling season with many sectors including Regional Banks, Solar, EV battery companies, Biotech, and Consumer Staples may be on sale. - Stock buyback restrictions in place to year-end. - Sentiment heavily anticipating a Santa Claus rally. However, what nobody is talking about is the most important warning sign of the year … [Click through for the signpost that matters most …Â]( - Bill  [AG] VXX IV Dropping Off the Face of the Earth From the Desk of Option Pit Director of Education Andrew Giovinazzi.  I wrote about the decay in the Barclays iPath Series B S&P 500 VIX Short Term ETN (Ticker: VXX) this weekend when I noted the decay was getting to the upper end of historical levels.  Now as we move deeper into the holiday season, that IV is going lower. [fstp] The term structure for implied vol is more like VXX in a slowly declining mode. As nuts as it sounds, I think IV and VXX will make lows of the week by Friday. FOMC or not, traders are making bets, and it’s not buying upside in VXX. - AG  [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:  Black-Scholes - The first option-pricing model that factors in the underlying price, the option’s strike price, the amount of time left until the option expires, the current level of interest rates, dividends, and forward volatility (implied volatility) of the underlying security to generate an option’s theoretical value. All the Right Options. The Option Pit Team brings more than 150 years of experience to you every day. From the trading pits of Chicago to the world's largest banks to the halls of power in DC -- they've done it all. Now they’re collectively focused on one thing: making YOU a better, more profitable trader. Click the button below to schedule a call with our concierge Customer Care Team to find your best fit today. DISCLAIMER: FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. The materials presented from Option Pit LLC are for your informational and educational purposes only. Neither Option Pit LLC nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational and educational purposes intended is at the user’s own risk. DISCLAIMER: OPTION PIT LLC IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. 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