[fstp, logo, header] February 27, 2024 [ag views, logo, header] AAPL is done going down for now At least I think it is. I closed the last of my Apple Inc (Ticker: AAPL) put spreads when they just could not pick up any speed. Now I see that the AAPL is no longer going to waste money trying to buy an EV car company. I think if Steve Jobs were alive he would have found a way to improve healthcare delivery in the USA. EV cars are a dumb idea to get into at this point unless AAPL could remake the industry and I don’t see that. [ded] I had an AAPL trade in my Pro Mentoring Group below: 1 AAPL Mar15 180/175 put spread 1.35 sold average $1.53 1 SVIX Mar15 41 call for 1.45  sold average $1.80 I had 10 lots and was into my last 5 AAPL put spreads for around .65. My big decision was to hold them or blow them out and take the money. Since I am off for 3 days in Baltimore that was an easy decision because not every trade will be a banger home run. Usually that only happens when I am lucky to be quite honest. If the momentum stops, I am usually done with the idea. Still 19% for relatively low market risk for 2 weeks is not too bad. One last thing, if AAPL is not going down it is easier for SPX to go up. - AG  [logo, pit profits] - Weekly Profit Cycles - WIC Trade 143 3 VIX Mar20 17 Calls pay $0.95 , 1 SPY Mar28 502/512 Call Vertical pay $3.25 close 7.5% 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)  [frep] Shopping for AMZN Hey Trader, This week during our Ticker Highlight Show, we covered Amazon.com Inc (Ticker: AMZN).
If you don't know what our Ticker Highlight Show is, it's an extra live trading session Andrew and I host on Mondays at 10:30 a.m. ET each week for Option Pit paid traders who have an account on our Option Pit WebApp. This means they get their trade alerts INSTANTLY. If you are a paid subscriber and haven't logged in, [you can find full instructions HERE](. I suggest you do that now - because these trading sessions have been on fire. [Check out the track record right here.]( We each gave our thoughts on AMZN last week in the Pit Report, and we held a live roundtable show yesterday to come up with some actionable trades for you. [Click here to watch the full show.]( (And again - to get these trades LIVE with us each Monday, [follow these instructions]( to login to the Option Pit WebApp) - 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:  Extrinsic value - The value of an option when you subtract its intrinsic value (if it has any). Made up mostly of time value and IV, and decreases as expiration approaches, assuming the stock price remains constant. [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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