A Mega Cap Stumbles

Daily Pit Stop [fstp, logo, header] February 26, 2024 [ag views, logo, header] A Mega Cap Stumbles How do you screw up the AI opportunity of the century? Ask Alphabet Inc (Ticker: GOOGL) how things are going for them lately. Less than accurate results from the Gemini Platform has FinTwit in a snit and traders hitting the exits for GOOGL stock. GOOGL will probably figure it out but in the short term, AI powered GOOGL is getting whacked. Apple Inc (Ticker: AAPL) has their products working but is getting dragged down with GOOGL. I am seeing the earnings print lows in the short term for these stocks. [fstp] GOOGL 3 month chart with 1 day candles AAPL or GOOGL might slide below earnings lows. This also might take some of the crazy upside volatility out of stocks. Finally a quie - AG  [logo, pit profits] 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, fvix, header,] The VIX Warning Sign Hey Traders! In today’s video we’ll cover: - Is this the week the market cracks? - Where I see the markets and the associated levels. - How to play PCE and GDP. - The warning sign the VIX just issued. [fvix]( [Click here to watch the video!]( - Mark  [fpri] Poor Bond Auctions are Added Fuel for Stocks Hey Income Hunters, Last week’s 20-year Bond Auction results were a disaster considering the following: - The yield awarded to bidders was .033% higher, meaning the price was $.50 lower than where the bond was trading at auction … This auction “tail” was the Largest on record for a 20-year auction. - Foreign investor demand dropped to under 60% from 74% in November ‘23 - Lastly, the Fed’s primary dealers, who are already loaded with US Treasury bonds were forced to purchase 21% of the auction, which was double the number from November, With such bad news for bonds, why would the iShares 25+ Treasury Bond ETF (Ticker: TLT) bounce back so quickly? … [fpri]( More importantly, what does this mean for stocks? [Click through, to find out …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:  Calendar spread - An option spread where the trader buys an option in one expiration series, and sells another option in another expiration series at the same strike price. A long calendar spread is when the trader buys to open the back-month options and sells to open the front-month options. A short calendar spread is when the trader buys to open the front-month and sells to open the back-month options. [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](