BY MARK SEBASTIAN
August 5, 2023
Hey Trader,
This was one of the wildest trading weeks we’ve seen all year.
On Wednesday Fitch Ratings downgraded U.S. Credit — a downgrade has only ever happened ONCE before, back in 2011.
Then, Licia Leslie, Andrew Giovinazzi, and Bill Griffo got together to cover the U.S. Credit downgrade – LIVE that same day – and gave out 4 free trades. (Replay here.)
On Friday, VIX closed at a touch over 17 — higher than it has since the end of May…
And I hope you found some great opportunities to take home profit.
Here are three actions you can take this weekend to prepare for next week…
First, go check out the replay of the Debt Downgrade show if you haven’t had a chance.
Then, refresh your trading chops with some tips from my Top 5 Methods to Amplify Your Trades.
Last, but definitely not least, take a look at my recap clip of everything important that happened last week and what we can do about it.
Last week took us on a roller coaster ride, so rest up and get ready for Monday.
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
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