BY MARK SEBASTIAN
September 27, 2023
Hey there Trader,
It’s Mark Sebastian with your Midweek Update… I’ll catch you up on the biggest market swings, the stocks I am trading, and the most important actions you can take to help your trades today.
Here’s what’s on my list:
Remember my VIX analysis from yesterday? Well, I called it right, and Monday’s slow start led to Tuesday’s bloodbath. The S&P 500 is facing a near-term bearish trend.
VIX futures are on the rise, and we’re on the verge of partial backwardation. I cover what that means for the market…
The bond market is sending signals, with yields hitting 12-year lows. Discover how this could impact stocks.
We’ve had some successful trades, including Apple and Delta. Plus, our bearish Apple play is raking in profits.
Check out our new trade in IONQ, and get updates on our SPX, and JPM vs. Morgan Stanley trades.
Don’t forget about the Pit Report—it’s a goldmine of perspectives from all the expert traders here. And mark your calendar for our Monday Ticker Highlight Show, where we create a trade together. Sign up here if you aren’t already reading the Pit Report.
Interested in bonds, gold, oil, and equities? Tune in tonight as Griff breaks down market dynamics. Save your spot here.
For this and all the rest, check out today’s Midweek Update…
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