BY MARK SEBASTIAN
March 13, 2025
Hey Traders,
On Wednesday the market found a bid and managed to bounce off a down day to actually close up!
Crazy right?
Movement for the 1st time in a while did not go up (the yellow line).
The S&P 500 bounced and here is your green shoot – the VIX got destroyed.
On a day SPX was up 27, VIX closed down 2.69 points. A huge drop.
If the market finds a floor here, things will start to rally quickly and we could see the VIX get smoked.
We are ready…but the best way to attack right now is two way trades. If you missed Hannah and Andrew talking through the approach – watch it here.
Let’s Recap Yesterday’s Trade
Welp…I missed this one
It’s like the algos are reading my text messages… I put this out and the SPX goes straight up again.
For the super overnight, I want to carry this through the next day or two. I should be able to more than pay for it on my next pin and if we DO tank, that sucker will pay.
…Today’s Outlook
PPI is in the morning.
I do not think it matters near as much as CPI, but it is still worth watching.
Wednesday’s action was constructive – I like the market higher.
On the upside, if we break the highs from Wednesday, then we could actually make a run at 5700 – not kidding.
On the downside watch the low from Tuesday – that was 5528. If we break that, the Super Overnight might pin.
Call Ted if you aren’t currently a member: 888-872-3301.
Your Only Option,
Mark Sebastian
Mark Sebastian
Founder & CEO, Option Pit
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CAPITOL GAINS: SMR Aug16 7 call closed for a 150% gain
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