Knowing How to OPEN Can Make or Break Your Trade

Dear Profit Takeover reader,

I have seen a lot of great questions lately in the chat during our live shows.

And I wanted to share some info with you about the difference between buy-to-open and buy-to-close.

Because they are starkly different types of trades.

You may remember the winning SOFI trade from the Profit Revolution:

From the Profit Revolution newsletter on March 28:

That made 123%…

This trade and most trades we put on are buy-to-open…

But in some cases, you may want to use a very different strategy to take off a trade… and buy-to-close.

But you have to know the difference here, because this can MAKE or BREAK your trade.

A lot of these terms are confusing for new traders –

If you are brand new, or if you want to feel more confident at complex trading…

Even if you have been doing this for a while –

I want to make sure that you feel well-equipped to push yourself to the next level of trading…

Check out this video where I explain buying-to-open and buying-to-close…

You will need to learn to differentiate these terms if you hope to trade successfully.

Until next time,

Mark Sebastian
Founder, Profit Takeover

VIX LIGHT

Vol futures are plummeting –

And my VIX indicators are lighting up…

RED.

Which means, I expect volatility to stabilize or drop.

My VIX light is red.

Volatility is likely to remain stable or fall.

VIX is in contango.

Which means traders in the market aren’t as worried and things are calming down.

VIX is down from the open at about $19.16 now…

From Yahoo Finance

We are starting to see some of the premium come out of VXX now as volatility eases.

UVIX is down almost 5% today as we watch vol futures plummet.

From Yahoo Finance

SPECIAL EVENT (ET)

Tuesday 4/5: 2PM Operation Surge Strike

Tom’s showcasing a technology that discovers the top 1% option opportunities in the entire market – and he’s got SIX on his radar this month.

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TODAY’S WATCHLIST

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

1. Twitter Inc (NYSE:TWTR)

TWTR is up 24% since Musk bought a 9% stake.

Image from wallstreet.io

I am interested to see how this will affect the stock in the longer term.

2. Pfizer Inc. (NYSE:PFE)

PFE is threatening to break below $50 again.

Image from wallstreet.io

We could make a run at $45 or even $40 soon.

I might take a look at some cheap put plays in PFE.

3. Plug Power Inc (NASDAQ:PLUG)

PLUG is booming higher today.

Image from wallstreet.io

EV as a whole is up, so it could be a good day to set up a fade.

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