Why the Market Dropped Like a Stone This Afternoon

Mark Sebastian

BY MARK SEBASTIAN

October 12, 2023

Hey Traders,

Mark Sebastian here with an emergency video update.

CPI and PPI came in a little high, and this morning, the markets didn’t seem to care at all.

But then around 1 p.m. ET … the markets suddenly woke up and started selling like crazy.

Just what the heck happened??

Well, I’m here today to answer that question.

So click here to watch today’s video:

And after that, you’ve just got to join me in the Trading Desk before tomorrow at 11 a.m. ET. AG and I are trading the UVIX reverse split – we put on a trade today that I’ve got 0 worries about, and we’re just getting started.

Click here to get 12 months for the price of 10 before this amazing deal – and this massive UVIX profit opportunity – disappears.

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.