We just pulled an audible.

I’ve been telling you all week that I was going to talk about earnings today. I was going to cover anything and everything about the Q2 reporting season.

But that was before the market decided to drop deep into the red.

The VIX is making a wild move – and it’s changed my red light to a soft yellow.

But that doesn’t mean we need to panic.

This may just be a spike, which means that the VIX will head down again in just a couple of days – giving us a great opportunity to fade this move.

Which is exactly why I decided not to talk about earnings today.

Instead, I showed you how to trade a red day – and I issued the following trade recommendation:

Buy-to-Open the UVXY July 16, 2021 $30 put for $2.20.

When the market starts to go back up, the VIX should go down – and the UVXY will go down with it.

We also talked about multiple trade ideas around the SPDR S&P 500 ETF (NYSEARCA:SPY), the iShares Russell 2000 ETF (NYSEARCA:IWM), oil, and travel stocks.

Here’s the bottom line – we aren’t panicking during this sell off. We’re making money. You can catch a replay of our live trading session right here on the Profit Takeover media page shortly.

Until tomorrow, good trading,

Mark Sebastian


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