The Next 7 Days – Pivotal Trading Into Earnings
Dear Profit Takeover reader,
Volatility is the key to profitability this earnings season…
And energy stocks have seen the highest volatility (opportunity) of any sector this year…
I use several indicators to determine HOW and WHEN to catch volatility at the perfect moment – to make asymmetric profits…
And my VIX traffic light is a way to predict exactly how volatility will move…
One determinant of my VIX traffic light is VIX futures.
Lately VIX futures have been in an upward curve also known as contango…. like this:
Contango generally means volatility is going to rise long term…
And heading into earnings we could see WILD volatility moves in these energy stocks:
These energy names are going to post Q1 earnings soon…
- Chevron Corporation (NYSE: CVX): earnings currently scheduled Apr 29 2022…
- Exxon Mobil Corp (NYSE:XOM): earnings currently scheduled Apr 29, 2022…
- BP plc (NYSE: BP): earnings currently scheduled May 3, 2022…
- Transocean LTD (NYSE: RIG): earnings currently scheduled May 3, 2022…
- Devon Energy Corp (NYSE: DVN): earnings currently scheduled May 3, 2022…
So this next week is going to be a PIVOTAL trading week since my earnings motto is:
Trade to it, not through it
Because CVX and XOM post earnings in 10 days, I will be watching the IV – implied volatility…
Image from wallstreet.io
This red line is IV for CVX – and I will be looking to catch volatility at the ideal time for the best opportunity for maximum profit.
Members of the Profit Revolution have access to this Asymmetric Trading Software – wallstreet.io – to check the IV for any stock name they choose at any time…
I’m reserving specific earnings trading tips for the Profit Revolution live shows every week day as we trade these names…
and more…
If you haven’t already become a Profit Revolutionary –
Join us RIGHT HERE –
And trade earnings with the Profit Revolution:
Monday through Thursday at 2:15 p.m. (ET) and
Friday at 12:00 noon (ET).
We will be back again tomorrow for our Profit Takeover show.
Until then,
Mark Sebastian
Founder, Profit Takeover
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April 19 2022
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