The bid for VIX fades midday

Daily Pit Stop [fstp, logo, header] March 5, 2024 [ag views, logo, header] The bid for VIX fades midday So much for the grand selloff of Tuesday. At least by the end of the day the appetite for VIX went away. Wednesday JPow testifies before Congress and I cannot help but wonder if the testimony got leaked. Any dovish news on inflation and it is off to the races. Even just a continuation of policy would be great. [fstp] 1 day VIX chart with 1 min candles Small banks rallied big today like I alluded to in my OP Newsletter this am. Stable rate policy means banks will make money at 4-5% interest rates. Apple Inc (Ticker: AAPL) is the big beast taking the SPX down Tuesday. This looks like some rotation out of high P/E names and into low P/E names. Part of a healthy market - AG  [logo, pit profits] - 0DTE March - DTE Mar05 507 calls in at .25 settled .87 for a 248% profit 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,] Will AAPL Fall From The Tree? Hey Trader, The market is just off an all time high. Many stocks are blowing up, notably a NVDA and AI. Underneath there are some sneaky names that are cratering. This while the VIX is hovering around 13.50… So what is the play in this environment… "I think a stock is bottoming and I want to go long…what do I do?" "I think a stock is topping…what do I do?" [Here is what I am doing….]( - Mark  [frep] A Walk Down Memory Lane Hey Trader, This week during our Ticker Highlight Show, we looked back at our past trades and discussed why they did so well. 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.]( Usually, we each give our thoughts on a particular stock in the Pit Report, and we hold a live roundtable show on Mondays to come up with some actionable trades for you. [Click here to watch the full show.]( - Mark  Don't miss when our traders go live! Get an alert everytime we open the live rooms to all of our readers for free by selecting the calendar you use below. 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