FOMC Fuels a Risk-On Rally

Daily Pit Stop [FSTP] "Just using Andrew's trades, I have profited just shy of $50,000 in 48 trades with three still open. I wish I had found this years ago." - Clete, Weekly Profit Cycles member. We're 48 hours from a $500 price hike, [Join Weekly Profit Cycles now.]( FOMC Fuels a Risk-On Rally  Griff here with the Chart of the Day. A Capitulation by the Fed governors today has fueled a risk-on rally … the dot plots showed 3 rate cuts next year with expectations for rates to move lower into 2026.  The markets responded consistently with what you would expect - TLT, GLD, and SPX up and the dollar down … [fstp] Let this play out today and we will take a look at high probability trades through triple witching on Friday tomorrow … Let’s Go! - Bill  [Pit Profits] - DELTA STRIKE: JWN Dec15 16.50 calls closed for a 133% gain - DELTA STRIKE: M Dec22 14.50 calls closed for a 105% gain - DELTA STRIKE: X Dec15 36.50 calls closed for a 118% gain - NITRO TRADER: KRE Dec15 46 calls closed for a 152% gain - OPTION SHOPPER: XSP Dec12 464 calls closed for a 208% gain 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)  [power income, FPRI] Here is Why You MUST Accumulate Gold  According to the latest retail sales data in China gold and silver jewelry has only been beaten by garments as the best performing assets in 2023.  Reuters reported on the topic last week with a survey that showed 70% of Chinese consumers between 18 and 40 intend to purchase pure gold jewelry … Read the full report [here]( …  "Incomes, real estate, and the stock market are not really appreciating," … "Gold is a little bit of a unicorn in this environment." ~Said a managing director of consulting at Digital Luxury Group in Shanghai.  This trend will have a major impact on US markets once domestic investors here seek a safe haven during the next “risk-off” environment.  [Click through to see why …Â]( - Bill  [logo, fpip, Profits In Pumps] The Perfect Gift  It’s that time of year again. Kinda hard to believe it’s here already. If you are like me, you are busting your brain trying to find a decent gift. Well, I am going to help you out here this year. I have already ordered mine last night so I can tell you now. These things are so delicious they literally sell out a week or more before Christmas. You will want to order one for your own home. Now reading the description, that doesn’t do it justice. Trust me, these things are pure heaven on earth. It will be perfect for your parents, friends, inlaws, kids, whomever. [fpip] My mouth is watering. You will find this little slice of heaven on the Williams Sonoma website. I want you to let me know how much you love it. I also want you to check [Andrew Giovinazzi’s Two Way Income Trade]( that takes in 20% every fourteen days on a regular basis. This is something you don't want to miss. [Then you can check out my new trade idea here.]( - Licia  [AG] Low VIX Massive Decay From the Desk of Option Pit Director of Education Andrew Giovinazzi.  I spent the better part of 30 minutes explaining how VIX works and how the Vol ETP (exchange trade products) work today in the Trading Desk.  Here’s the thing: strangle trades, calls and puts, are trading under their decay value to expiration. -1x Short VIX Futures ETF (Ticker: SVIX) is expected to “decay” up to $44.53 from $37.00 today until Jan17 expiration. That’s crazy. [fstp] This makes me recall 2017 when even though VIX hung around 12 all year, inverse vol products were up 60-90% on the year. At least until Jan expiration, decay factors are around 20% of the Vol Product value. That’s the highest it has been in years. This plays well with my Weekly Profit Cycles strategy, since the VIX futures are the reason this happens. [Sign up now and learn to trade the opportunities in 2024 in a low VIX environment.]( - 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:  Collar - This is a short call, long put strategy, where the put strike is below the current underlying price, and the call strike is above the underlying price.  Mostly these are done against stock, or as a form of options insurance, on a 1:1:100 call/put/share ratio. 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. 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