Use This Key to Unlock Contango
Dear Profit Takeover reader,
I give you my VIX traffic light update every day…
Because VIX tracks the volatility of the market –
And volatility is one of the BIGGEST tools I use to find asymmetric options on a daily basis.
One of the words I use to describe VIX and VIX futures is contango…
Which is what we are seeing for VIX futures at this very moment.
Here’s a clip of me explaining contango and what makes it so important for VIX and trading options…
Until next time,
Mark Sebastian
Founder, Profit Takeover
P.S. Tonight is the Big Night!
Tonight at 7:00 sharp, we will be hosting our First Anniversary Event!
I’ll be there – along with the rest of the Money Morning LIVE traders to take a look at the past year…
Relive our favorite moments…
And reveal our portfolios –
Can’t wait to see you there!
CLICK HERE* to get your FREE front row seat!
Hope to see you TONIGHT at 7:00 p.m. (ET)!
VIX LIGHT
My VIX light is yellow again today.
We VIX is down to 22.49 from up over 23 this morning…
The S&P 500 has been bouncing between 4470 and 4480 this morning –
VXX is still trading at a huge premium to its NAV because of Barclay’s update –
I am expecting wild moves for volatility.
LIVE SCHEDULE (ET)
Thursday 3/24: 7:00 – 8:00 pm Anniversary Event
Friday 3/25: 9:30-10:00 am Profit Takeover
TODAY’S WATCHLIST
- Vroom Inc (NASDAQ:VRM)
Yesterday, there was crazy action in VRM as traders bought upside calls – it’s at about 3 now.
Image from wallstreet.io
This stock could pop.
- Intel Corporation (NASDAQ:INTC)
INTC is making a run higher.
Image from wallstreet.io
I might play the upside here or wait until it starts to fall.
- Apple Inc (NASDAQ:AAPL)
The AAPL rally is getting really long in the tooth here…
Image from wallstreet.io
I am looking for a move back to 160 here.
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March 24 2022
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