This Rarely Happens – Learn to Trade SPX on a Thursday

Dear Profit Takeover reader,

This is a special week… because instead of 3 opportunities to trade SPX closing we have four.

SPX is also called the Standard & Poor’s 500 Index –

It is a stock index of the 500 largest U.S. publicly traded companies by market capitalization.

And it is cash-settled, instead of trading the asset in shares…

So each of the days that we trade it, by closing, we walk away with the cash rather than shares in the stock.

I’ve been giving SPX closing trades three times per week on Monday, Wednesday, and Friday –

But this week, there’s an extra day to trade SPX during the close – today, Thursday March 31st.

These are more complex trades and I have encouraged traders in the Profit Revolution to practice “on paper” until they are confident to put these trades on…

And the best part is, there are usually three opportunities to practice these trades every single week.

Check out this clip of an SPX educational trade I recommended and later in the same show watched it rake in some cash for the Profit Revolutionaries…

I’m trading SPX expiration again TODAY AT 2:15 p.m. (ET).

Join now if you want to be there.

Or CLICK HERE to find out more about the Profit Revolution.

Until next time,

Mark Sebastian
Founder, Profit Takeover

VIX LIGHT

The VIX traffic light is my prediction of how volatility will move.

Red means volatility is likely to drop.

Yellow means a strong move is expected.

Green means volatility is likely to increase.

Today, I expect volatility to drop.

The market is flat – SPY is at 457.64 at the time I am writing this…

VIX dropped a bit this morning but is up compared to yesterday’s selling – now at $19.82.

VXX is recovering some of what it gave up this morning, now at $25.46…

SVIX and UVIX had really decent volume for their 1st day of trading.

They listed options TODAY and I couldn’t be more excited.

LIVE SCHEDULE (ET)

Friday 4/1: 9:30-10 Profit Takeover

TODAY’S WATCHLIST

1. Walgreens Boots Alliance Inc (NASDAQ:WBA)

WBA just released earnings – EPS were up 13.76% but revenue was only up 1.27%…

Image from wallstreet.io

And the stock is getting smoked –

I’d look for a way to play puts.

2. Energy Select Sector SPDR Fund (NYSEARCA:XLE)

Oil is down but energy names are up, interestingly –

XLE is at $77.81 currently…

Image from wallstreet.io

I am expecting XLE and other energy names to continue showing strength.

3. Robinhood Markets Inc (NASDAQ:HOOD)

HOOD is falling back below $14…

Image from wallstreet.io

It could be a good time to jump in and go short with IV coming off.

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