BY MARK SEBASTIAN
April 2, 2025
Hey Traders,
We continue to trade Wednesday night like it’s a binary event – a day where we could move huge … or not.
The above are option prices for each individual contract.
What do you notice?
Things seem to come to a head on April 3rd. We still retain a decent amount of premium for Friday, but then what? Prices get slammed. They are pricing this like it all ends Friday – I’m not so sure
I gotta tell you … this is the strangest market I have ever seen.
Like I stated yesterday, this market is more afraid of a rally than a sell off. I have never seen that before EVER.
On some positive news, it’s our 15th anniversary today! We are opening up Delta Strike for ALL members today, tomorrow, and Friday. Click here for more information.
Let’s Recap Yesterday’s Trade
We are long a bear XSP spread that expires on April 2nd. It was up big Monday morning and could have been a close. I think we will get another look at closing today.
No New Trade on Tuesday. We will hunt for one today, which might be a good day because of the confusion around “Liberation Day.”
…Today’s Outlook
We are likely to open down. The question is where to after that …
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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