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

You can learn more about Sebastian, read his daily blog and learn about Option Pit's mentoring programs by Visiting

Novice Trade: SPDR S&P 500 ETF Real Money Pro($)

May 13 ATM puts cost less than 1% of the cost of the SPY right now.

Novice Trade: Facebook Real Money Pro($)

Buy FB January 2018 calls for a solid long-term trade.

Novice Trade: UVXY Real Money Pro($)

A risky, very high reward trade in ProShares Ultra VIX ST Futures.

Intermediate Trade: Apple Real Money Pro($)

If one has a directional opinion, calls are cheap and puts are cheap. Either way, own the July straddle.
Would you rather I made a joke about Apple or your mom?
Whether the VIX is low or high depends on how much the market has moved and how much it might move.

Novice Trade: UVXY Real Money Pro($)

I love being short volatility through the earnings season.

Novice Trade: IBM Real Money Pro($)

The stock is dead money or worse for the next year and may be headed down toward $100.

Novice Trade: Delta Air Lines Real Money Pro($)

These DAL calls have lots of time so I can afford to wait.
Now we can move into the things that will actually drive oil higher -- demand and production.


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