Mark Sebastian

Volatility Expert

Mark Sebastian, the Founder of Option Pit, is a former member of both the Chicago Board Options Exchange and the American Stock Exchange. He is also the Chief Investment Officer at the hedge fund Karman Line Capital. Mark has authored the popular trading manual “The Option Traders Hedge Fund” and the book “Trading Options for Edge.” He is a frequent guest on CNBC, Fox Business News, Bloomberg, and First Business News. Sebastian has been published nationally on Yahoo Finance, quoted in the Wall Street Journal, Reuters, and Bloomberg. Mark is Jim Cramer’s VIX Expert for TheStreet.com’s Real Money Pro and Mad Money on CNBC. Mark has spoken for The Options Industry Council, the CBOE, the ISE, The CME, and is a co-host on the popular Option Block Podcast and Volatility Views Podcast. He has a Bachelor’s in Science from Villanova University.

Market Alert

VIX Spikes Above 30: What It Means

Strategy

Best Iron Condor Setups This Week

Education

Earnings Season Volatility Guide

Market Analysis

Fed Rate Decision Analysis

Education

Options Greeks Deep Dive

Years Trading

Assets Managed

Published Books

Students Taught

Articles by

Mark Sebastian

articles published

Insider's Edge

Anthropic Goes Public In Weeks. Pick Your Side Now.

Alphabet made $94.1 billion in a SINGLE DAY this June. Think about that number for a second… Ford Motor Company has been building cars since

Trader's Edge

Three Phases of a Trillion Dollar IPO

Good morning everybody. Good afternoon to my friends on the East Coast! Are we in the golden age of IPOs? Coming out of COVID, SPACs

Trader's Edge

He Looked At Me Like I’d Insulted His Mother

Hey Traders, On May 18th, 2012, Bloomberg called me. They wanted me to come to their offices for an interview. That was a little strange,

Pit Report

Japan Just Bought the Market a Few More Days

Dollar-yen just had its two biggest days since July. The yen jumped Wednesday, then jumped again Thursday, touching 155.28 to the dollar, its strongest level

Insider's Edge

Why I Passed On 10,000 Calls

Mark Sebastian spotted an order of 10,000 calls on a stock. The one indicator he trusts said to ignore it.

Insider's Edge

What Happens To Your AI Stocks On September 7th

The largest IPO in history is a few weeks away. Anthropic filed confidentially with the SEC back on June 1st. Word is the public prospectus

Trader's Edge

Hopeful and Skeptical At the Same Time

Dear Trader, A few months ago a couple of our friends invited us to join them for dinner. Now these happen to be some of

Insider's Edge

My Fear Gauge Is A Single Stock

Every trader has a fear gauge and most of them are useless. The VIX tells you what options cost and the put-call ratio tells you

State of the Market

Jackson Hole Was Never About Rates

Hey Trader, Kevin Warsh gave his first Jackson Hole keynote as Fed chair on Friday, and traders spent the weekend arguing about how hawkish it

Trader's Edge

I Was the Kid in the Chevy Commercial

Dear Trader, Little known fact: I was in two TV commercials when I was a kid. They were for a local radio station (Q101) for

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Mark Sebastian, the Founder of Option Pit, is a former member of both the Chicago Board Options Exchange and the American Stock Exchange

Chief Investment Officer

Karman Line Capital

2015 - Present

Options Market Maker

Chicago Board Options Exchange

1992 - 2010

Upcoming Events

FOMC Meeting

2:00 PM EST

Earnings Season Begins

Pre-market

Options Expiration

Market Close

NFP Report

8:30 AM EST

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