A Mega Cap down day into another Fed-like number

Daily Pit Stop [fstp, logo, header] February 15, 2024 [ag views, logo, header] A Mega Cap down day into another Fed-like number The last thing I thought would happen is a sold rally today. I had to flatten a delta in an Iron Condor in the SPDR S&P 500 Trust ETF (Ticker: SPY) because I thought, silly me, stocks would take a breather while we waiting for the Big Daddy Mega Cap next week Nvidia Corp (Ticker: NVDA). Only one Mega Cap was up on day and yet still SPY rallied. Wrong and Wrong again! [fstp] You know what else is wrong? Leaving the SPY Feb16 502 straddle for $2.70 with a big number to go.   The only MEGA CAP that rallied today was Tesla Inc (Ticker: TSLA) and I covered that in my OP Newsletter. I think the SPY straddle covers the move tomorrow easily. Tonight, if you want to learn how to trade Mega Caps without a big investment, check out Mark’s webinar. - AG  [logo, pit profits] - Weekly Profit Cycles - WIC Riff Short Term special for 31% gain - Weekly Profit Cycles - midterm Feb12 SPY VIX riff closes 6% gain - Weekly Profit Cycles - 142 SPY call spreads and VIX call spreads close 8.9% 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] Emergency opportunity I see in PPI and AMAT earnings Hey Traders! I wanted to send you this urgent message. In today's video we'll cover: - An opportunity I see with PPI and AMAT earnings [YT]( [Click here to watch the emergency message!]( - Mark  [oplive, logo] Mega Trends Hey Traders, We’re opening the room for tonight’s MEGA event at about 7:45. Stop by to hear from Andrew Giovinazzi and Licia Leslie as folks pile in Then it’s onto the main event: The Mega Trends that can max out your profits right now. Plus we’ll be drawing for a free year of OP PRO membership – a $10,000 retail value!! (And you MUST be present to win.) [>> THIS LINK GETS YOU DIRECTLY INTO THE ROOM <<]( See you in a few minutes!  - Mark   [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:  Big-cap - These are large market capitalization stocks with a value typically more than $100 billion. Most of these stocks are in the Dow, S&P 500, and NASDAQ 100 stock indexes. [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](