VIX volume runs wild!

Daily Pit Stop [FSTP] The biggest online trading summit of the year starts Jan. 15. In addition to more than SIXTY of the trading industry's leading names at Wealth 365, Mark Sebastian and Olivia Voz will be broadcasting a live edition of their profit-powered Trade to Close Show on Wednesday, Jan. 17 at 3 p.m. ET ... And now when you register, you'll be entered to win a FREE six-month membership to a top Option Pit service. [Claim your no-cost seat here.]( [AG] VIX volume runs wild!!!!!! I did not see the massive Mag 7 bounce happening today. It make the Apple Inc (Ticker: AAPL) puts I want to buy cheaper but since AAPL is going straight up I might as well wait. Waiting is not the word for this trader who put up a 1 x 5 trade in VIX. I am doing OptionsInsiderRadioNetwork’s Option Block when Mark Longo get the crazy flow alert in VIX. A trader is buying A VIX May22 22 call and selling 5 VIX May22 47.5 calls for a .50 or so credit. Hypothetical this trade is a credit and it will work great as long as VIX just crawls up to 22. It normally does not work like that. I think what the traders want is the 47.5 calls evaporate enough that they end with the 22s for nothing or a small credit in a couple of months' time. It could happen. [fstp] The trade is also massively short VVIX, or Vol of VIX. VolMan circled where that is on the one year chart. That is near the dead low of the year. The direction of VIX can still work out but the volatility of VIX can give this trade a big ouchie. [fstp]1 year VVIX chart A trader puts up a massive volatility sale at the dead bottom of the year. They will either be really right, and VIX sees new 4 year lows, or they sold the bottom in VIX. That rarely ends up well. - AG  [Pit Profits] - Option Pit Mentoring - SPY JAN19 468/458 pv 485 c SVIX Jan19 38 c closed 34% - Option Pit Mentoring - WBA Div+ paid 3.5% 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] Economic Events This Week and a Trade Idea In today's video, we'll cover: - The economic data coming out this week. - Opportunities in MDY, IWM. - An actionable trade in RSP. [fvix]( [Click here to watch the video and get the trade!]( - Mark  [power income, FPRI] Bond Vigilantes Fighting the Trend Hey Income Hunters, The bond vigilantes, i.e. bond market police dogs, are not buying into the goldilocks scenario of lower long-term inflation. This may cause serious problems for the stocks if the sell-off in TLT continues in the weeks ahead. On Friday TLT broke back below the 200-day moving average (MA), which was triggered by the fake breakout above 100 …[fpri]( This may be a warning sign that the all important “Fiscal Dominance” macro theme is taking control of global flows. [Click through for what this means for you and why is the most important development to monitor in 2024.]( - Bill   [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: Backwardation - The condition in a spread where the front-month value is higher than the back-month value. 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