Andrew Giovinazzi @OptionVol

Pres. for Option Pit 15 Year Floor Trader on the CBOE and PCX. Group One/HCM Trading options since 1989. optionpit.com Maine Joined October 2011

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Andrew Giovinazzi @OptionVol

6 days ago

@Ksidiii Thats when we really work

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Andrew Giovinazzi @OptionVol

4 weeks ago

@Ksidiii I always liked Armani

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Andrew Giovinazzi @OptionVol

2 months ago

@real_Caroline_K I would vote

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Yes: "glaciers are not a permanent fixture of our environment and we need to quit pretending that they are. Glaciers will always be growing or receding; they are not supposed to stay static over time. Pretending so is a fool’s errand."

Chris Martz @ChrisMartzWX

2 months ago

Long story short, this is BS. Landslides / avalanches in Nepal have happened for tens of millions of years. In fact, floods associated with landslides are how the V-shaped valleys in the region were carved out millions of years ago at pre-industrial atmospheric carbon dioxide

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The Options Insider @Options

2 months ago

We’re digging into unusual $DNN call activity, the uranium trade, $NVDA earnings, $VIX options, $BTC, $MSTR and more with @optionvol on "The Option Block 1494: Radioactive HYPE...and Yurts!" Plus, @MikeTosaw explores options-based alternatives to fixed income. Listen to this episode on your favorite podcast platform including YouTube: youtu.be/gcypZZfXVwU And subscribe to the full Options Insider Radio Network on your favorite podcast platform: 🍎Apple: dms0xc.s.gy/mC77lX 🎧Spotify: dms0xc.s.gy/eBVJH2

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Andrew Giovinazzi @OptionVol

2 months ago

@Mike_kim714 @Titleist Dont get rid of the good juju bag! If you do i will take it.

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Chris Martz @ChrisMartzWX

2 months ago

Remember this?! 🤣 During the UN Climate Conference last November, the Brazilian government had to charter two cruise ships, the Costa Diadema and the MSC Seaview, to house over 10,000 attendees after many of them complained about the lack of hotel accommodations and A/C. The cruise ships are powered by marine-grade diesel.

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Andrew Giovinazzi @OptionVol

2 months ago

@TradeVolatility Keep going!

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Andrew Giovinazzi @OptionVol

2 months ago

@GeraldoRivera I think everyone knows already

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Andrew Giovinazzi @OptionVol

3 months ago

@jedimarkus77 New house Jedi?

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Chris Martz @ChrisMartzWX

3 months ago

I bet you didn't hear about this. The Concordia Research Station in Antarctica dipped to -84.1°C (-119.3°F) on July 18th. That's the lowest temperature recorded anywhere on Earth since 2012, and it was within half a degree of Concordia's all-time record.

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The Options Insider @Options

3 months ago

The AI trade is wobbling, semis are under pressure, and volatility is waking up. Join @RussellRhoads, @OptionPit and special guests Matt & Mike Thompson (Thompson Capital Management) as we break down $VIX, AI spending, volatility term structure, unusual options activity, and the return of the volatility "mullet." Listen to this episode on your favorite podcast platform including YouTube: youtu.be/PBS2Q4439Pw And subscribe to the full Options Insider Radio Network on your favorite podcast platform: 🍎Apple: dms0xc.s.gy/mC77lX 🎧Spotify: dms0xc.s.gy/eBVJH2

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Andrew Giovinazzi @OptionVol

3 months ago

@Options Not yet

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Andrew Giovinazzi @OptionVol

3 months ago

Good one!

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The American Storm @BigJoeBastardi

3 months ago

Just heard someone on TV saying DC is going to be 110 today. This is what happens when Heat Indexes, which are dependent to some degree on a person's ability to handle heat, take the place of actual temperatures; the media focuses on them, further distorting the event's extremity and weakening historical perspective. So people now, because they are acclimated to air conditioning, which we did not have then, will go outside and feel hotter than the same person who was acclimated to it. Plus, you tell them the heat index and then say, "Look, you are a victim of this," and it compounds the impact. The fact is, this country today is likely not tough enough to meet the challenges we faced in the 1930s, climate-wise and otherwise. We are a victim of our own comfort, disregarding the foundation that made us tough enough to get where we are now

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Chris Martz @ChrisMartzWX

3 months ago

On today's date in 1901, over half of the U.S. was at or above 90°F and nearly 9% of the land area was at least 100°F. The same weather occurring this week occurred exactly 125 years ago, but according to most climate alarmists, it was just weather in 1901, but this week's three-day event is undeniable proof that we are facing a climate catastrophe.

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Andrew Giovinazzi @OptionVol

3 months ago

@BigJoeBastardi It starts with reg and ends with ulation

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Andrew Giovinazzi @OptionVol

4 months ago

@Ksidiii Someone has to be a buyer

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Kris Sidial🇺🇸 @Ksidiii

4 months ago

The weakness in equities during the month of June predominantly came from funding stress. I saw a lot of commentary centered around macro factors, which was a bit of a head scratcher because if you were on the institutional side, the color on the Street was crystal clear regarding where the main footprint in equity weakness came from. There were three main factors that ended up putting pressure on equities. The funding issues were strictly on the equity side because, although revcons and box rates were elevated, the repo market remained quite normal. 1) CCAR reports: Bank stress test reports are typically released at the end of June. The numbers are generally reflective of December holdings, but regulators and internal risk teams will often conduct an update during June to ensure balance sheets still look relatively in line before the reports are finalized. It is similar to how an auditor performs one final review of a firm’s balance sheet before issuing the audit. This is standard practice, but there is a natural inclination for banks to keep their balance sheets much cleaner during this time of year, which means certain forms of equity lending begin to tighten, especially when new broad sector leaders are trading at elevated realized vol. This can contribute to the weak seasonal effects we sometimes see in June, and it can become even more pronounced when markets turn volatile. 2) IPO new issuance: One massive IPO came to market, and much of the private wealth community worked with the deal runners to ensure it went smoothly. Many private wealth advisors encouraged their clients not to sell existing equity holdings, but instead to borrow cash to participate in the IPO through the secondary market. In other words, investors were trying to avoid selling current positions while simultaneously using other forms of financing to buy into the IPO. The funding market quickly recognized this dynamic and repriced equity financing accordingly. 3) Leveraged ETF holdings: This one is fairly straightforward. Some leveraged ETFs now hold single stocks that are experiencing very high realized volatility, and the Street wants to be compensated for accepting those names as collateral when lending against them. Put simply, the collateral itself has become more volatile. The result was a perfect storm in which there was meaningful demand for equity financing from several different sources at the same time. The increase in equity financing rates made it much more difficult for balance sheets to outright buy stocks and continue driving the market higher, as we had seen over the previous few months. June has now passed, and those financing rates have come down considerably.

Kris Sidial🇺🇸 @Ksidiii

4 months ago

FWIW, the street got ahead of this extremely early. It was probably across 5 different IDB chats that handle Revcon and box flow for over a week. When the street understands a source of flow, Vols will always be contained, the opposite is also true.