We knew this week was going to be interesting even before the market opened on Monday to a massive sell-off.
I gave you three cheap options to play the sell-off…
Let you know when our VIX light turned green…
And alerted you again when it turned back to yellow.
But while the market did its thing, I did mine. And just yesterday, I went live to show you something I’ve been working on for months…
You can catch a replay of the live presentation right here. But if you’d rather get right to the meat of the session, then read on…
See, I got a ton of questions about my trading system and what it offers.
That’s where volatility comes in. Implied volatility (IV) – where a stock is expected to go in the future – and historical volatility (HV) – where it’s gone in the past.
I use IV to determine if options are cheap. The lower the IV on the stock, the cheaper the stock’s options are. Then, I look at the IV compared to the HV. If a stock’s HV has eclipsed its IV, and IV is toward the lower end of its historical range, then boom – I’m in.
IV and HV are important indicators when you’re looking for cheap options. But being able to see both on a single stock chart is hard. I used to pay $400 a month for software that could do that.
But not anymore – because I just created my very own trading system…
And this system shows me the IV and the HV on every single stock on the market:
And I’m not charging $400 a month for it. This indicator comes free with a Profit Revolution membership.
This is a great way to not just heed my trade recommendations…
But to find your own cheap option trades, just like Eric here wanted.
The value here is insane. Learn more here…
I make a ton of trades a day. I’ve tried tracking them by hand, in an Excel spreadsheet – it’s a lot of work, and it’s not fun. If I stare at Excel for too long, I get a searing headache.
But tracking your trades is essential to becoming a better trader. You need to know how you’re performing – how much money you’ve lost, how much you’ve made, which trades were losers and which were winners.
It’s how you know what works and what doesn’t.
That’s why I knew I wanted my newest product, Profit Revolution, to include a way for people to track their trades…
Both open and closed.
Check this out:
Example screenshot of Profit Revolution Trade Journal
And then, it analyzes those trades. It tells you your total return, your batting average, and your “Profit Factor,” a comparison of winners to losers.
This is the key to keeping up with your trades…
And using them to make yourself a better trader.
I’m not the only one who’s excited. Check out what these guys had to say when I showed them how it worked:
See, you can’t just do a trade and wait for it to profit. You need to have a complete plan, from beginning to end.
Ask yourself: What do I do when I hit profit levels? What do I do if the trade moves against me? How much do I feel comfortable losing? What’s a reasonable amount I see this trade making?
Outside of a stock making a massive move against you overnight, which shouldn’t happen often, you should never let options expire worthless.
Always make sure to close your trades, whether they’re winners or losers.
Speaking of – our Uber Technologies Inc. (NYSE:UBER) is deep in profit territory – so let’s close out of that one ahead of this afternoon’s expiration and head into the weekend with a profit!
Sell-to-Close UBER September 24, 2021 $43 Call at market.
Congrats! We got into this option for less than $1.00…
Find out how you can join – and receive up to five new trade recommendations a week – right here.
Have a great weekend,
September 24 2021