The trifecta of option greeks are delta, theta and vega. But the next most important greek is gamma. Options gamma is a one of the so-called second-order options greeks. It is, if you will, a derivative of a derivative. Specifically, it is the rate of change of an option's delta relative to a change in the underlying security.

What is leverage?

This of leverage as a loan that you can instantly qualify for. No credit checks or proof of employment. Simply open up a Forex account with a broker and bang…you can now control more money than you actually have. I am sure that any of you that have looked at making money through real estate or other investments have heard the term "OPM" which means, other people's money. Stated simply, you are using other people's money to advance your wealth efforts.

In today's pre-market prep, we will take a look at recent activity in the ES & EUR/USD markets. The S&P market has been bearish as of late, but we are landing right at a key support area in the market where we have seen some confluence. Be careful as this market may rebound and beginning pushing its way back to the upside.

Human nature! What a continual marvel. Everyone wants something for nothing, or at least fairly cheap. Quick fixes, free lunches, easy riches. Not to mention the "for dummies" books to tell you how to do it in 21 minutes.

In today's video, we will take a look at a variety of markets including the Euro and Crude Oil futures. The crude oil market tested a key level and has moved up slightly. If this market is able to hold its current level, we could see a short rebound in crude back up to its prior support, now resistance area.

As we start Wednesday morning with a bullish gap, let's take a quick step inside the market for a "Breadth Check-up" on the S&P 500.

Here's the intraday chart structure:

As much as I have been bearish on the FCOJ market and when prices were racing up on the fungicide scare was fairly vocal in expecting prices to promptly collapse on a probable loss in demand, the extent of the loss more so than the speed has still been surprising. The FCOJ market collapse would now seem beyond fundamental justification, but it is hard to pinpoint just how low is too low given current prices are not likely to spur increased purchases of orange juice by consumers. Retail prices are not expected to come under the same degree of pressure and with that consumers won’t be adding extra cartons of OJ to their shopping carts any time soon, especially for those that are still fearful even if erroneously so that the nation's OJ supply is tainted by the possible presence of Carbendazim despite statements by the FDA and EPA saying it is safe to drink with no reason for concern about its toxicity.

Will the S&P 500 find support at these levels and move higher, or is the market prepping for a major retracement?

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