Doves Flock to Triple Witching

[] [The daily rundown of everything happening at Option Pit.]( "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.]( Doves Flock to Triple Witching Griff here with the Chart of the Day. The Doves came out at the Fed fueling the largest triple witching OpEx of the year tomorrow. $1 trillion in delta notional is expiring and probabilities favor a pullback: [ However, with a Santa Claus rally likely starting within five days of year-end, buy the dip and end the year on a high note! Let's Go! [ - EASY BUTTON: AAPL strangles close for a 14% gain - EASY BUTTON: WBA Jan strangle closed for a 27% gain - OPTION SHOPPER: SQ Dec22 70 calls closed for a 98% gain - OPTION SHOPPER: TNA Dec22 32.50 calls closed for a 103% gain - OPTION SHOPPER: VZ Dec22 39.50 puts closed for a 50% gain Want to find YOUR winning fit? Give our Customer Care Team a call at 1-888-8772-3301 Monday-Friday from 9 a.m.-5 p.m. EST. Or email them anytime at [support@optionpit.com](mailto:support@optionpit.com?subject=) Trader's Edge: My Trade For Quad Witching In today's Mid-Week Update, we'll cover: - The aftermath of the FOMC news - My trade for going into quad witching - Amazing trades from this week [( [Click here to watch the video!]( - Mark Pit Report: OXY Breakdown The oil and gas industry is constantly throwing traders off. When it seems like oil should be going up….like when we have a war in the mid east…it goes down. When the world is crying ‘green energy’ Oil stocks rally… Within oil we have the mega cap names like XOM and CVX, after that there are a whole host of stocks that make a lot of money that are mostly hated… This week we are going to look at one of those names and discuss whether it is a buy or a sell.. If you invest like Buffett…[you want to read this….]( - Mark Power Moves: Climatepalooza! The COP28 climate summit ended with a bang! Nearly 200 countries agreed to “transitioning away” from fossil fuels. That came after heated debate on using stronger language than “phase down.” The tension was palpable. Sure, the agreement is not legally binding, but what a statement. One EU negotiator summed it up perfectly - “It’s not like it’s some kind of global mandate or something that all of a sudden is going to restructure anything.” Special Climate Envoy John Kerry (fresh off his private jet) told the group in Dubai that the U.S. will support “largely” phasing out fossil fuels. He went so far as to say that no coal fired power plants should be allowed anywhere in the world. Powerful! I got goosebumps when I first read it. The silliness aside, one takeaway was that eighteen countries, including the U.S., pledged to triple nuclear power by 2050. And that got me thinking about fusion. [Click here to read all about it.]( AG's Views: Why These Options? From the desk of Option Pit Director of Education Andrew Giovinazzi My early trading experience was to ask “Why am I so lucky?” Being a floor trader and getting to sell calls or puts that I thought were worthless was a lesson in humility. So as I see volume like this post earnings for Walgreens Boots Alliance Inc (Ticker: WBA). I ask, “why is paper buying those calls?” [ WBA is on my watchlist for OP Mentoring Div+ strategy. I bought stock and a strangle today in WBA. Should be interesting. -AG OPTION PIT GLOSSARY [( There are plenty of terms in the trading world that need defining. The [Option Pit Glossary]( is here to help. Today's phrase is: Assignment - The notice that obligates an option seller to sell (in the case of a call) or purchase (in the case of a put) the underlying shares at the specified strike price. [( 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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