The weirdest strangle ever from the Trading Desk

Daily Pit Stop [fstp, logo, header] Every day, big money makes a twenty MILLION dollar trading mistake - and the money they leave on the table is just waiting for us to pick it up. [Join Mark Sebastian in less than 15 minutes to talk about how you can leverage this mistake for your own options gains.]( [ag views, logo, header] The weirdest strangle ever from the Trading Desk I am going to save the VIX analysis for my OP Newsletter for the A.M. but something flipped a bit today. What really had the market flipping early was Taiwan Semiconductor Mftg (Ticker: TSM). That had every chip stock going into another orbit. Which brings me to the goofy strangle in Advanced Micro Devices. I bought an unbalanced butterfly in March and bought some 130 puts. AMD was $130 two weeks ago and those puts were $1.40 during the Trading Desk. I got sidetracked and did not fill the trade until later in the day after AMD dropped almost back to unchanged. My students filled .10 to .15 better per spread. [fstp] Will this work? I will know after AMD earnings. If there is a sharp move in between, I will just close the puts since I don't need a whole lot for them. It does look like AMD is becoming a no top stock like Nvidia Corp (Ticker: NVDA). We shall see. - AG  [logo, pit profits] - Pit Report - LULU strangle return 20% from the Ticker Highlight Show 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] Let's Talk Bitcoin ETF's In Today’s Video We’ll Cover: - How the Crypto ETF’s have faired since launch - Which ETF’s are the most active - Where I see levels for Bitcoin - Bitcoin related companies like RIOT and MARA - When they will list options on the ETFs [fvix]( [Click here to watch!]( - Mark  [frep] Let's take a deep dive into Coinbase Hey Traders, If you haven't heard, Bitcoin ETFs are now a listed product that you can buy, sell, and trade. To many people's surprise this has represented a near term top for Bitcoin. But that is not where the real pain has been….The real pain has been in the places people invested BEFORE there were Bitcoin ETFs.  Names like RIOT and MARA have been obliterated over the last few days. The biggest of these names of course is Coinbase. Coinbase is the most well known exchange for buying and selling crypto currencies…. Since bitcoin launched it is down 55 dollars, from 187 to 132. Now that it has had its fall.. What is next? [Our traders break it down in this week's pit report…]( - Mark  [fprm] Too Cold to Drive Hey Influence Traders, The past few days had electric vehicle charging stations looking like a scene out of a Zombie Apocalypse movie. The realities of EV ownership hit as hard as the Arctic cyclone bomb. That is why demand for EVs is cooling. That does not mean that renewable energy cars are going away, but I expect the direction to turn even more towards hybrids. Toyota Motor Corp. (Ticker: TM) recently announced a new hybrid strategy. Detroit automakers would also be wise to embrace such a strategy, since hybrids require less dirty mining and reliance on China’s battery supply chain. I drove a hybrid Jeep in Italy. Not a bad car – good AWD system. Admittedly the EV part provided little distance (made even smaller since it was in kilometers 😊). There is good and bad news in everything, but it is clear that renewable energy and its downstream effects are not going away. Let me tell you what you should be looking at in this space… [The Good, The Bad, & The Renewable.]( - Frank   [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: Greeks - Order derivatives of the option model that inform how an option will change in value with respect to a change in inputs. The first-order greeks are delta, gamma, theta, vega, and rho, respectively. [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. DISCLAIMER: OPTION PIT LLC IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. 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