How Option Pit's Sebastian Is Trading Apple

Mark Sebastian discusses his previous Apple strangle strategy and provides an update on a new strategy involving selling puts due to increased implied volatility. He also offers a macro view on the market, particularly the S&P 500, and analyzes cross-asset movements, suggesting a potential market rebound.

What was Mark Sebastian's initial Apple trading strategy?

• Investing in Apple bonds

• Buying Apple stocks directly

• Selling Apple stocks short

• Using a strangle strategy between $185 and $190

What does Mark Sebastian suggest about the future movement of Apple's implied volatility?

• It will increase significantly

• It will become unpredictable

• It will remain constant

• It will decrease back toward the 25 level

How does Apple's performance impact major averages according to the discussion?

• It has no impact

• It only affects technology stocks

• It impacts only the NASDAQ

• It is the biggest or second biggest influence

What is the expected market behavior ahead of a long weekend, as per the discussion?

• Increased selling pressure

• A surge in new investments

• Short covering and potential buying

• Complete market stagnation

What does the lack of new highs in the volatility index suggest about smart money strategies?

• Smart money is ignoring the market

• Smart money is selling their protection

• Smart money is investing in bonds

• Smart money is buying more protection