Option Pit · A Special Briefing

Vol. I   ·   No. 1   ·   By Invitation Only

The $14,000
Pencil Trick
Wall Street Forgot

For sixty years, Chicago pit traders and a handful of academics quietly shared this drawing technique. Today, it returns.

For decades, a select circle of Chicago pit traders and MIT academics shared a secret. It wasn't a complex algorithm. It wasn't a high-speed trading bot. It was a drawing technique. Three quiet lines, sketched in a leather notebook.

In 1965, if you wanted to learn it, you didn't go to a brokerage firm. You sought out Dr. Alan Andrews, a thermodynamics professor at MIT. He didn't teach business. He taught the physics of price.

He charged fifteen hundred dollars for his sessions. Adjusted for inflation, that's over fourteen thousand dollars today.

New York floor traders and hedge fund managers paid it gladly. The technique worked with the relentless certainty of physical law.

Chapter IIThe Institutional Leak

While the "smart money" gets lost in market chaos, this tool relies on Isaac Newton's Third Law of Motion: every action has an equal and opposite reaction.

Andrews realized it applied to stocks the same way it applied to falling apples.

By connecting three specific points on a chart with parallel lines, he could predict where a stock would head next. The grain traders down in the Chicago pits gave it a nickname.

They called it the Pitchfork.

Chapter IIIThe Strategy in 2026

For years, a small circle of traders guarded this knowledge, refusing to let it die.

Today, trader Licia Leslie has cracked the code open for the public.

On The Authority Of

Licia Leslie is Option Pit's Director of Trading Education and a former CBOE pit trader. She spent years on the floor of the Chicago Board Options Exchange, running her own trading group and making markets in more than twenty stocks at once. She's used pitchforks for over two decades. She didn't learn this technique from a YouTube video. She learned it the only way you can. With real money on the line, in front of the screens, every single day.

This year alone, she used these "forgotten" lines to spot massive moves the retail crowd completely missed:

Closed Trades · 2026 Ledger

TSLL A near double +97.14%
AMD A massive runner +87.06%
IBIT A clean strike +78.49%
UPS A heavy hitter +78.16%

Twelve of her last eighteen pitchfork trades closed green. Six of the last seven are winners.

Learning how Licia does the Pitchforks is worth the price of admission. ChipGPT, Option Pit member

Chapter IVWhat's Inside the Masterclass

The Pitchfork Masterclass is a 90-minute video intensive. Self-paced. Watch on any device. Lifetime access.

Inside, Licia walks you through every step of the framework she has used for over twenty years:

  1. How to draw a pitchfork from any chart, on any timeframe.
  2. How to choose pivot points. The single decision that determines whether the pitchfork works or fails.
  3. How to know if a pitchfork is "valid" or "not valid" before you risk a dollar.
  4. How to actually trigger trades off the pitchfork. Entries, exits, and stop placement.
  5. What to do when a stock hits the Pitchfork Top (and why most retail traders get this exactly wrong).
  6. What to do when a stock hits the Pitchfork Bottom, including the bounce-or-break decision.
  7. How candlesticks confirm the pitchfork. Licia's two-tool method for high-probability setups.

Chapter VYour Access to the Vault

You don't need an MIT degree. You don't need to pay fourteen thousand dollars.

The Pitchfork Masterclass has sold for $399 since launch. As a one-time invitation to new members, Option Pit is opening it up at a price you won't see again.

Pitchfork Masterclass

$19

$399 $19 today

One-time payment · Lifetime access · No subscription

Yes, I Want In For $19

Instant Access   ·   Watch On Any Device   ·   Nothing Recurring

One winning trade pays for this course a hundred times over.

But the clarity you gain from seeing the market through the eyes of an MIT professor? That pays for itself forever.

Option Pit

Editorial Team · Chicago · Established 2008

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