Dear Profit Takeover reader,

Today during the Profit Revolution Lifetime show, our favorite volume profile specialist, Olivia Voz stopped by…

We took a look at DVN –

One of the biggest energy trades I’m considering over the next week of earnings…


Since DVN is at an all-time high, it was difficult to find a new expected top…

But then, when Olivia pulled up XOM, she confirmed exactly what I suspected…

If XOM –Exxon Mobil Corp (NYSE:XOM) – hits a particular price in the mid $90s, it’s going above $100 – and likely to $107 exactly…

It’s currently sitting at about $88.38…


IV – implied volatility – for XOM is only at 31 – which means options are currently relatively cheap…

XOM posts earnings NEXT WEEK – currently scheduled for Apr 29, 2022…

I think the IV for XOM is going to skyrocket into earnings next week.

Which means prices for options will boom… and traders could make HUGE profits.

Volatility = Opportunity

I will be looking for options to trade XOM during the live Profit Revolution shows over the next 7 trading days…

If you haven’t joined the Profit Revolution yet…

JOIN USso you don’t miss a single earnings win in the Profit Revolution.

Or – CLICK RIGHT HERE to find out more…

Here’s our live Profit Revolution schedule:


Monday through Thursday at 2:15 p.m. (ET) and
Friday at 12:00 noon (ET).


And Profit RevolutionLifetimeis Thursdays at 1:00 p.m. (ET).

Until then,


Mark Sebastian
Founder, Profit Takeover

VIX TRAFFIC LIGHT


My VIX traffic light is still red…

Which means the volatility of the market will stabilize or drop.

The market is dropping today… SPY is currently at 439.63…


VIX futures are in a nice healthy contango

And VXX is still trading at a big premium to cash…currently sitting at 24.95…

Image from Yahoo Finance


VIX rose since mid-morning today and is currently at 23.13…

Image from Yahoo Finance


It’s likely to drop or maintain these levels.

WEEKLY SCHEDULE (ET)


Friday 4/22: 9:30 – 10:00 a.m. – The Profit Takeover

TODAY’S WATCHLIST

  1. Exxon Mobil Corp (NYSE:XOM)

XOM could break $90 soon… now at $88.38.

And it’s going to $100.

Image from wallstreet.io


I would be looking for a long play here.

  1. Vale SA (NYSE:VALE)

VALE fell all the way under $18, currently sitting at $17.64…

Image from wallstreet.io


Despite the move in commodity prices, I would be looking for a potential bounce…

I will be watching this one to confirm a bounce and hop in on a pop if it comes.

  1. ARK Innovation ETF (NYSEARCA:ARKK)

ARKK got a little bounce from TSLA earnings… currently at $54.12.

Image from wallstreet.io


It’s not as high as one might hope…

I would wait for a confirmation but might go short here after the pop.


Comments

Leave a Reply

Your email address will not be published.