BY MARK SEBASTIAN
August 16, 2023
Hey Trader,
Here’s your Midweek Update, complete with the news, what’s moving the markets, trading tips, and everything I am watching right now…
In today’s clip, I cover:
- The recent 1% sell-off in the S&P 500 and where I think it’s headed next…
- Bonds leading the pack and affecting overall markets…
- A notable trade with moving parts in IWM, SPY, and QQQ and my recent trade in CLF…
- VIX still poised for a big move…
- One of my current favorite trading strategies: strangles…
It’s important to stay apprised of any info that could affect your trades so here are two things you can do today:
#1 Make sure you are signed up for Bill Griffo’s event 100 Years in the Making, tomorrow, August 17 at 7 p.m. ET. Bill has watched the market prime for a big event in a few weeks that could shake up the dollar’s place in the world’s marketplace. Sign up to get his report all about it.
Then
#2 Watch today’s Midweek Update right here…
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