Today’s Impact Money Trade

On Tuesday, I found a 30,000 contract trade in Ford Motor Co. (NYSE:F). It was a put buy, but I knew it was a bullish move – because the buyer was also long F stock.

You guys know how I am with Ford. It’s like a drug that I keep coming back to. So, when I saw this big-money straddle buy, I had to share it…

This buyer is bullish – and frankly, so am I. But you don’t need to construct a straddle to play Ford.

Remember – you don’t have to be like these fancy big-money traders to cash in on a stock like Ford. Instead of doing a fancy straddle here, you could buy the January 21, 2022 $16 calls for less than a buck.

VIX Traffic Light

After a full week of yellow, volatility has finally normalized – and our VIX light is red.

Prior to today, we’d seen a six-month pattern of expiration selling. That means on the third Friday of every month, when options expire, the market tends to sell off. But October’s expiration is here, and the market looks strong.

So this expiration selling pattern appears to be over for now.

Out-of-the-money (OTM) puts have gotten cheaper – remember what I told you about the SKEW index?

This might allow for a new low in the VIX itself below 14.

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Mark’s Watchlist

  1. Caterpillar Inc. (NYSE:CAT)
  2. Walgreens Boots Alliance Inc. (Nasdaq:WBA)
  3. Goldman Sachs Group Inc. (NYSE:GS)
  4. Freeport-McMoRan Inc. (NYSE:FCX)

With earnings in full swing, we’ve got an impressive list of stocks to watch today.

1. Caterpillar Inc. (NYSE:CAT)

Now’s the time to get in on CAT. This industrial broke $194 yesterday, finishing the day up almost 3%.

From here, CAT is going over $200 – giving us a great opportunity for some quick-hit call options.

2. Walgreens Boots Alliance Inc. (Nasdaq:WBA)

WBA’s earnings report turned the stock around big time yesterday. After reporting massive growth plans for the drugstore’s healthcare department, shares surged more than 10% higher:

This is what I’ve always predicted for WBA – it just took some time to get there. But healthcare is the key to this company’s growth. And I think this thing could make a run at $55 in the short-term.

3. Goldman Sachs Group Inc. (NYSE:GS)

Goldman crushed earnings this morning, making $13.61 billion in revenue compared to analyst estimates of $11.68 billion. Shares opened almost 3% higher, and I’ve got one question – could it pop back over $400 per share, a level it hasn’t been at since mid-September?

This is a real possibility – and some short-dated call options could let you ride the wave.

4. Freeport-McMoRan Inc. (NYSE:FCX)

There’s some big money flowing into FCX:

We’re looking at a November call spread buyer and a December straddle buyer – all bullish bets on the stock going higher.

I’m inclined to agree here – and I’m watching FCX closely.

Usually, I send answers to your Ask Me Anything questions on Fridays. But as you saw here, that’s not what happened today.

And that’s because you’re about to get MORE MARK!

Honestly, congrats for being so lucky.

We’re going to start sending an extra Profit Takeover issue per week! You’re going to hear from me now on Saturdays as well…

And that’s when we’ll do our Ask Me Anything sessions.

So please, send any questions you have for me right here. I’ll answer the best ones tomorrow!

Until then,

Mark Sebastian


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