Daily Pit Stop [fstp, logo, header] March 8, 2024 [ag views, logo, header] NVDA strangles paid but only because I was disciplined  As a follow up to my post from this am I was long Nvidia Inc (Ticker: NVDA) strangles. I was into the call spread and put for just over $20.00 or $20.17 to be exact. To be honest the trade was never down money and NVDA flew $50 in an hour or two. Buying options into total madness. And then it stopped. Pulled back and my $20.00 target on the call spread hit just as I watched it go another $8.00 or so. Then a funny thing happened. The value of my NVDA put with the stock up 3.1% on the day was GREEN! Mind you I owned the put for .17 so I set up a reasonable close and never gave it another thought. Duh what a massive tell.  I ended up selling the put for $10 as it is likely trading $20 by the EOD. Mark was smart enough to pick up some NVDA Apr19 550 puts for around 1.15. [ded] My Pro Students picked up a cool 49% or just shy of $1000 on the overnight idea. [Better to be lucky than good but also stick with your plan.]( - AG  [logo, pit profits] - Weekly Profit Cycles - WIC Mar04 riff SPY VIX combo up 10% 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,] Is NVDA ready to crack? Hey Traders! In today’s video we’ll cover: - The breakdown in NVDA and where that money flow went
- Levels in the SPX
- Are we hitting the top? [ded]( [Click to watch the video here!]( - Mark  [fpip] Read the Fear and Greed Hi Shoppers, Do you know how to tackle a stock chart? How to read the chart to decipher what direction the stock is heading? How about reading the market sentiment? The fear and the greed. That is what moves the market. I can teach you how to do that. I am offering my Essentials of Candlesticks Series to you for only $1.00. That’s right, only a buck. You know us here at Option Pit, we are all about the education. Our goal is to teach you to trade on your own. We love when our members venture out on their own trades and make money. That means we have done our job. So I am doing my part to teach you how to read the market sentiment with the Japanese Candlestick strategy. We will meet for four thirty minute sessions and I will teach you the Japanese Candlestick basics of reading a stock chart. You will learn how to identify changes in trend, trend continuation, and how, when, and where to jump into the market. Please do not wait. My first class will be held Tuesday March 12th. Come join me! It’s easy and fun! [On to the new trade idea.]( - Licia  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. Add Option Pit Live Events to Your Calendar [Apple]( [Google]( [Outlook]( [Outlook.com]( [Office 365]( [Yahoo](   [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:  Bid price - The option price in which the liquidity provider is willing to purchase. [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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