Mr. Fitch Strapped the Market into a Roller Coaster Blindfolded

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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Mark Sebastian

Mark Sebastian

Mark Sebastian is a former member of both the Chicago Board Options Exchange (CBOE) and the American Stock Exchange (AMEX), where he spent years mastering the art of options trading in the most competitive environment imaginable. As Chief Investment Officer at the hedge fund Karman Line Capital, Mark manages sophisticated options strategies for institutional clients. He is the author of two highly regarded books on options trading: ‘The Option Traders Hedge Fund’ and ‘Trading Options for Edge.’ Mark is a frequent guest on major financial networks including CNBC, Fox Business News, Bloomberg, and First Business News, where he provides expert commentary on market volatility and options strategies.

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About the Author

Mark Sebastian

Mark Sebastian

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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