Dear Profit Takeover reader,

A lot of traders have been asking me about butterflies…

If you haven’t mastered the butterfly, don’t worry –

They are complex, but I know with practice, traders can master these incredible plays.

I walked through setting up a butterfly today in ARKK during the live Profit Takeover show this morning.

I usually put on a butterfly if I see a stock making a move in either direction and want to buy time in case it changes direction.

So I took a look at ARKK today – which was making a run higher at around 68 this morning, but I know it will drop eventually and I don’t know exactly when.

With every complex trade, I recommend opening up a paper account to practice and become confident before you put your own money on the line…

And although most of my free trades from the Profit Takeover and even most of my official trades in the Profit Revolution are NOT butterflies –

I want to teach traders how to utilize butterflies to benefit from these SIGNIFICANT perks that typical calls and puts can’t provide:

Butterflies used on equities rather than indexes are a great way to buy time and reduce cost – and it is possible to set them up for very cheap or nearly free.

Until next time,

Mark Sebastian
Founder, Profit Takeover

P.S. Our Anniversary is Tomorrow Night!

We, Money Morning LIVE are celebrating our 1 year anniversary tomorrow night at 7:00!

Every single trader on the Money Morning LIVE team will be opening up our portfolios…

Please join us there!

CLICK HERE to get your FREE front row seat!

Hope to see you tomorrow night at 7:00 p.m. (ET)!


My VIX traffic light is yellow today.

VIX was all over the place today ripping higher towards 24, then down below 23 and now climbing back up…

VXX is still at a $2 plus premium…because of Barclay’s change with shares…

We will see some premium get sucked out which will create profits…

I already have what looks to be a homerun trade in the Profit Revolution for a VXX butterfly.

Volatility futures are off today even as the VIX is slightly higher.


Thursday 3/24: 7:00 – 8:00 pm Anniversary Event

Friday 3/25: 9:30-10:00 am Profit Takeover

Add schedule to calendar.


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

Oil names are popping higher today… XLE is dropping a little to 76.87 at the time of writing this.

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Depending on where XLE goes this afternoon, I might look for a play over the next day or so.

  1. Pfizer Inc. (NYSE:PFE)

PFE finally looks like it is breaking through for a sub 50 move here.

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I’d look for a cheap put play here.

  1. GameStop Corp. (NYSE:GME)

Meme stocks like GME and AMC are pushing higher the last few days amid a short squeeze.

GME is currently at around 136.

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I’m looking for a move lower here in the next few days.


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