Mark Sebastian is a former member of both the Chicago Board Options Exchange and the American Stock Exchange. He is the founder of, a Chicago-based option education firm, and author of The Option Trader's Hedge Fund. Sebastian is also the managing editor for Expiring Monthly: The Option Traders Journal an all digital, all options magazine. He has a Bachelor's in Science from Villanova University. Expand

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With implied volatility high, this is a great opportunity to sell premium in AAPL.
We have certainty when it comes to rates for the next six months or so.
VIX futures are backward -- the best indicator of the market being in peril.
Formulating a trade in this ecommerce name built around the order flow.

Beginner Trade: DG Cheap Calls Real Money Pro($)

One name that has had a rough go but that is actually up on the day is Dollar General. And calls are cheap.
Biotechs are getting hit by Hillary Clinton's comments, but I see this as a good opportunity for a short-term trade.
As the market works its way higher, I think Facebook could be a leader over the next couple of weeks.
After the news is out, market implied volatility drops and we see a slow melting of the VIX futures, possible to 16 for the October future. 
Sometimes it pays to follow the leader. I am going to piggy back the call buyers and buy at-the-money calls in Teva Pharmaceutical.
| Aug 06, 2015
| 3:48 PM EDT
I'll be hosting a webinar with fellow contributor of TheStreet Bob Lang at 4:30 p.m. ET today. We will be disc...


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