Dear Profit Takeover reader,

This Wednesday during our Profit Takeover show, I will reveal the KING of earnings season.

I’m no psychic but I know that this particular “winner” I am watching will report insanely high profits for their previous quarter earnings…

And stocks may soar.

But maybe more importantly…

I have a strategy to catch the volatility wave – at the perfect time.

Because understanding volatility will help us make the most educated options trades during this earning season –

With potentially asymmetric profits.

You don’t want to miss Wednesday’s show to hear the crowned winner – before earnings are even revealed…

I’ll have a full hour to cover my predictions.

I can’t tell you the winner before Wednesday, but I can tell you what I’ll be looking out for –

If these earnings pop – like I suspect they will…

I will be watching volatility like a hawk.

When trading around earnings, I want to grab the option when vol is lower – not at its peak.

So do not miss Wednesday’s free Profit Takeover show.

Sign up and add it to your calendar RIGHT HERE.


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Until next time,


Mark Sebastian
Founder, Profit Takeover

VIX LIGHT


Some of my indicators might be changing soon…

But for now, my VIX light is still RED.

Which means, I expect volatility to stabilize or drop.

Heading into a holiday weekend sometimes makes vol dip –

There’s also lower trading volume…

So we could see some chop in volatility from lower volume and lower liquidity.

The VIX curve is still in contango but not as strong…


I expect vol to come back down today –

The VIX is now at 23.59…

Image from Yahoo Finance


The market has been soft in the open this morning and SPY is now at $441.81 …

Image from wallstreet.io

We are at an important breaking point.

I will be watching these indicators to determine whether or not the bull run is nearly over and whether my light will stay red or change to yellow.

WEEKLY SCHEDULE (ET)


Tuesday 4/12: 10:30 am-11:00 am Profit Takeover

Wednesday 4/13: 10:30 am – 11:30 am Profit Takeover

Thursday 4/14: 11:00 – 11:30 am Foundations of Trading Preview

Friday 4/15: Market Closed. NO LIVE PROGRAMMING



TODAY’S WATCHLIST


These are today’s top-watched stocks with cheap options:

  1. Apple Inc (NASDAQ:AAPL)

AAPL has been getting crushed this morning – now at $166.71.

Image from wallstreet.io


I think it could be heading below $165, so I may look for a short play.

  1. Exxon Mobil Corp (NYSE:XOM)

XOM is dropping today – now at $84.10…

Image from wallstreet.io


I will be looking to go long if XOM continues to sell off.

  1. Verizon Communications Inc. (NYSE:VZ)

VZ looks to be heading up – now at $54.36.

Image from wallstreet.io


It could be making another run at $55.


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