Three Ways to Profit While the Market Sleeps
The market is taking another morning cat-nap…
As I write this, SPY has only moved a total of about $3 so far today, and is now only about $0.74 away from the opening price of $414.70…
Additionally, volatility is still in a dip – this is a powerful signal to buy options…
The VIX is at 22.21 right now, which overall is pretty middle-of-the-road, but compared with mid-June’s high around 35, is relatively low.
When the market is quiet, and volatility dips, it’s a great time to trade.
To get the cheapest price, traders can buy-to-open when volatility is low.
Then, when vol spikes, options will be expensive so traders can sell-to-close to take off profit.
Here are three stocks I’d trade to take advantage of this strong buy signal…
- Exxon Mobil Corp (NYSE:XOM)
XOM is trading below $90 again… currently at $89.17…
Image from wallstreet.io
When XOM drops below $85, I would go long.
- CSX Corporation (NASDAQ: CSX)
CSX looks like it wants to break $33 a share and might head toward $35…
Image from wallstreet.io
I am going to watch this one for a cheap call play.
- Nikola Corp (NASDAQ:NKLA)
I caught some massive bull paper in NKLA yesterday, right before earnings. We are still seeing a strong move higher in NKLA and it could push up to $9.
As I write this, NKLA is trading at $7.83…
Image from wallstreet.io
When we see big paper like this moving before earnings, we know that THEY know something we don’t.
And they are usually right.
These are the types of plays I look to piggyback in the Inside Money Trader room…
Join now, so you can get the next SMART big money play.
Or call Gabe and his team at: 877-848-3418 to find out more.
Until next time,
Mark Sebastian
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August 04 2022
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