This Volatility Play Made 190%

The reason I talk so much about volatility and the VIX is because understanding vol can lead to HUGE profits…

Just like what happened with our RIG trade from the Profit Revolution Lifetime live show.

Garrett joined me on May 12th for our last Lifetime session before the Summit, and we found a play in RIG that we both liked:

Over the next 4 trading days, we made three different exits with a combined weighted gain of 190% in only 4 days:

 

And there was one reason RIG was this profitable:

Because we bought the option when implied volatility was cheap…

And sold it when implied volatility was expensive.

Implied volatility is adjusted algorithmically based on how much the market is willing to pay for an option…

So just like a stock – you want to buy options when IV low, and sell them when IV is high…

Just like we did here on RIG for a 4-day 190% profit.

I know vol like the back of my hand because I trade it every single day – (I was on the floor when the VIX was born). And I’m looking for volatility trades just like that this week.

My VIX light is GREEN…

So I think volatility could make a strong move higher –

I will be taking a look at IV and on some oil and energy names in the Profit Revolution today and all week…

I don’t trust this mini rally, but I do trust that some energy names could move higher –

We will also be trading the SPX and XSP expiration trades all week during the Profit Revolution live shows.

If you want to join us in these trades during the Profit Revolution live shows, CLICK RIGHT HERE.

Or if you are curious to learn more – check this out.

Until next time,

Mark Sebastian

TODAY’S WATCHLIST

 

1. Marathon Oil Corporation (NYSE: MRO)

MRO is breaking higher again…

It is now trading at $27.76 –

Image from wallstreet.io

It might be time to close up shop on calls and re-load.

 

2. Apple Inc (NASDAQ:AAPL)

AAPL is touching $140…

It’s currently trading at $140.22 –

Image from wallstreet.io

But I am not sure if this price will hold…

 

3. Intel Corporation (NASDAQ:INTC)

INTC could break $40…

It is currently trading at $41.61…

Image from wallstreet.io

I may consider some cheap puts here.

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