BY MARK SEBASTIAN
April 14, 2025
Hey Traders,
The news over the weekend is especially bullish the NDX (the QQQ index). Futures overnight are up about 1.20%.
This puts the QQQ at about 460:
They would be opening at the highs from April 3rd, getting us a chunk of the way back from the selling that started on that date.
The news is good, but the bond market still looms large. You HAVE to be watching either Treasury futures or TLT/IEF, whichever you prefer.
If those roll over again … any gains will be short lived.
In addition, keep an eye on the VIX index:
It’s still in backwardation. Keep a tight eye on the May-June relationship. If that flattens up that means we are pretty much in the clear – but we are not there yet.
Lastly, watch IWM – I really REALLY want to see that index lead. It has not yet.
Make sure to join me and my team live at 10 a.m. ET – I am guiding you through this mess every day.
Let’s Recap Yesterday’s Trade
No trade on Friday. With all the movement, trading has been very difficult … but we are working on something new you will hear about this week.
…Today’s Outlook
Monday might be a really inside day … or a meander higher day if the bond market holds up. I am generally bullish this week.
The VIX is really reactive right now – be aware.
Call Ted if you aren’t currently a member – 888 872 3301.
Your Only Option,
Mark Sebastian
Mark Sebastian
Founder & CEO, Option Pit
See what's hot at option pit
CAPITOL GAINS: SMR Aug16 7 call closed for a 150% gain
DELTA STRIKE: VLY Mar15 8 puts closed for a 88% gain
PFE May17 26 calls closed for a 66% win
OP MENTORING: SPY Mar22/19 510 put calendars and 520 calls for 6.4% gain
OPTION SHOPPER: ERX Mar28 65 calls closed for a 90% gain