The Wildest Week that Was

BY MARK SEBASTIAN

August 4, 2023

Hey Trader,

The market hit a crazy number this week and I want to tell you why it’s so important.

Here’s a clip of my Weekly Recap so you can find out:

My follow-up on the market response Post-Downgrade…

Some crucial numbers to look out for in the S&P 500…

What I predict next for earnings watch…

The ticker and direction of my favorite trade this year…

And what I am looking for on Monday and next week.

Watch it all right here:

Take a breath, enjoy your weekend, and I will see you next week.

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

Trader's Edge

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

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.