Investing at the top of SPX

Daily Pit Stop [fstp, logo, header] February 5, 2024 [ag views, logo, header] Investing at the top of SPX The Standard and Poor’s 500 index (Ticker: SPX) is trading near the top of its range and near and all time high. The problem with this is folks do not want to get stuck long at the top. From a trading perspective, the top is just a direction so I can hedge my trade and create what we at Option Pit call delta neutral trading. That means, we don’t want a direction now, but we want one when things get moving. That is the type of trade we put on in the Easy Button, OPMentoring, Trading Desk, Weekly Profit Cycles and just about anything else I teach here. Mark and Licia’s short term service are comfortable long or short directions so just going straight up is not a problem. What I do want to do is to “lean long”. Meaning I am long direction for right now, but won’t be long forever once the market changes direction. These are all techniques any trader can learn. [stp] I would not short this SPX just because it is going up. It can go up for a long time and Option Pit can teach you how to ride it. - AG  [logo, pit profits] - OP MENTORING: VIX Mar20 15/25 call spreads / SPY Mar15/Feb23 500 call calendars for a 14% 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)  [fpri] Another First Time Ever in Markets Hey Income Hunters, Another event that has neer happened before is happening right now … The Russell 2000 ETF (Ticker: IWM) is in a bear market (-20% from the high) while the S&P 500 Index (Ticker: SPX) is in a FOMO melt-up making new all-time highs.  [fpri] The popular saying the market may not repeat but it certainly does rhyme … Is not as appropriate today as it has been in the past. Why is this happening and what does it mean for markets? [Click through to see more below …Â]( - Bill   [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: Fibonacci - Italian mathematician Leonardo Fibonacci, whose famed sequence of numbers is often seen on stock charts. Most notably, many traders use Fibonacci retracement levels to determine potential support or resistance levels on a chart. [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. Option Pit LLC is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented materials. Specific trading ideas or strategies discussed in the presentations or materials are entirely illustrative and do not constitute the solicitation of a transaction (or transactions) or a recommendation to execute a particular transaction or implement a particular trading strategy. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Want to change how you receive these emails? You can [Update your preferences]( This email was sent by support@optionpit.com. 1-888-872-3301 [Option Pit]( | 190 S LaSalle Suite 3000 Chicago, IL 60603 | [Privacy Policy](