Daily Pit Stop [fstp, logo, header] There's only one place to win six months Option Pit Service AND get acess to 60 of the top trading experts in the world Jan. 15-20. It's the Wealth 365 Summit and it starts this Monday. [Register now and enter to win FREE Option Pit Service here!]( [ag views, logo, header] VVIX catches a bid but Feb volatility in VIX still low  At the start of 2023 VIX was 21 and SPX was 3900. Fast forward to the start of 2024 and VIX is 12.63 and SPX is just short of 4800. That is why investors can make money. Time is on their side with stocks.  Trading VIX is a race and right now VIX options are still pretty cheap. The VIX Feb14 14.5 straddle is $250 with most of the value of the straddle in the money. If VIX keeps dropping the VIX put will pay the rent. [ftsp] If VIX gets off the mat and starts to move, the VIX calls might buy a car. - AG  [logo, pit profits] - CAPITOL GAINS: CCJ Jan19 45.5 calls closed for a 146% 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)  [logo, header, fvix] A Massive Trade Came Through on the VIX In today’s video, we’ll cover: - A Massive Trade That Came Through on the VIX
- Why markets rallied on Thursday
- What is happening in Bitcoin
- How we are profiting from Energy trades [fvix]( [Click here to watch the video!]( - Mark  [fpip] A False Alarm Hi Shoppers, So it has finally happened, the moment we’ve all been waiting for. The Securities and Exchange Commission has approved eleven Bitcoin ETFs. And guess what, it turned out to be the classic case of “buy the rumor, sell the news”. That is when the REAL news came out. There was a false alarm announced on X on Tuesday. (Screen shot please) Here at Option Pit not only our traders but all our employees stay on top of the news every day. Daniel saw it first. He sends out a company wide message on Tuesday at 3:21 pm that the SEC approves all Bitcoin ETFs. And he followed that with the insightful comment, “Big if true.” He then posts what looks like the actual SEC X account with the announcement. Andrew chimes in that SBF’s (Sam Bankman Fried) father and Gary Gensler (SEC Chair) went to MIT together. I won’t tell you what I said after that. What’s going on with him anyway? At 4:16 PM, I posted that the SEC X account was compromised and the original post was not authorized. Then Hannah, Paul and Justin all posted snippets they were finding about the whole scandal. Hannah said, “The plot thickens.” Overall my take away from this is that - once again… News moves the needle and the suckers get squeezed. We sat and laughed because… It was pretty fun and exciting. In real time we didn’t know what was going on. This is the move Bitcoin made on the five minute chart during that time:  [fpip]( It shot up 200 points in five minutes then proceeded to collapse 3200 points in the next fifteen minutes. It tried to recover but slipped back down until Wednesday. I imagine thousands of people worldwide are excited to trade these ETFs. We are excited to trade the options once they are listed. [Here I will show you the Bitcoin chart and where it goes from here.]( - Licia   [glossary, logo] There are plenty of terms in the trading world that need explaining. The Option Pit Glossary is here to help. Today's phrase is: Exchange-traded fund (ETF) - A financial instrument that holds other financial assets like stocks, bonds and gold. [ftsp] 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.
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