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Most investors know that options can magnify gains, turning a good stock pick into a triple-digit return in a matter of days. The problem many people face is how to get started.
Fortunately, it's a lot easier than you think. Options are bought and sold just like stocks, and you can now trade them through a commission-free broker like Robinhood or WeBull. Once you're set up, trading is simple: buy low and sell high.
The advantage over stock trading is that you put up less money to start, and your percentage gains can be absolutely huge compared to just buying the stock. All you need to know is what stock to follow and which option to buy. And we can show you how.
Our best options trade today capitalizes on the pent-up demand about to be unleashed as the economy reopens.
People are going to want to get back to normal. All of the things they wanted to buy will be bought. All the places they wanted to go will be visited. And all the projects they wanted to get done will, as you guessed it, will get done.
So how do we, as investors, take advantage of all of this pent-up spending?
Money Morning Quantitative Specialist Chris Johnson has been tracking all of these "post lockdown" trends and flagged home improvement as one with top potential this summer. As people can move around more freely and the weather gets nicer, there is no better time to tackle all the home improvements they've been thinking about since they've been cooped up inside.
In fact, this is a trend Chris has already helped Money Morning readers bag 250% gains on.
In early May, Chris recommended a call option on Lowe's Cos. Inc. (NYSE: LOW). Lowe's stock is up 20% since Chris made his recommendation, but options traders could have bought the $110 call options expiring on July 17 for $5.81 a contract. Today it's worth $20.70, a 255% gain.
Today, Chris has uncovered another way to tap into this explosive trend.
The best option trade on Robinhood today goes beyond the home improvement market to tap into their suppliers.
Here's exactly how to make this options trade...