Webinar Recap: Volatility, Booking Profits, and Trading for Income with Mark Sebastian
Today’s webinar guest was Mark Sebastian, the guru of volatility. He’s a former member of both the Chicago Board Options Exchange and the American Stock Exchange, author of the popular trading manual “The Option Trader’s Hedge Fund” and an all-star contributor for TheStreet.com’s Option Profits Team.
We had a truly dynamic discussion in this week’s webinar, talking about volatility and what it really means. Mark identified some of differences and nuances about using the VIX cash vs the futures, noting that it is more important to understand the futures, the months that are traded. In addition, we had a spirited conversation about the Fed and interest rates, and how to put on certain option structures. Mark’s expertise is about volatility, and he gave us all a glimpse into what he is seeing in crude oil vs volatility. It appears a rally may be ready to happen.
Market Action
Jobs were the big issue this week. Markets continue to reflect poor sentiment but little interest too, and that may come back to bite eventually. A pundit came on CNBC today saying 3200 on the SPX soon. I loathe these predictions, but that’s what makes a market!
This week’s big play was Mondelez, and we talked about in length earlier in the week. Take a look. http://explosiveoptions.net/2015/08/mondelez/
Bob Lang and Mark Sebastian discuss the markets, top options trading strategies, charts and technicals, and take questions:
Watch the webinar to learn what you missed!
If you love the insights you gained in this webinar, don’t miss your chance to join us live. Each week I host a FREE options trading webinar during to discuss recent market action, current plays and charts of interest, along with the trends that may affect future action. Join us live and get your chance to ask your own trading questions!
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