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The coronavirus just isn't going away, and Wall Street is taking notice. Stocks are starting to get a little bumpy as the VIX shot up 8% today alone.
But this is the primetime for options traders. A little volatility goes a long way toward making trades profitable. And that's just what we're looking for in today's best options trade. It's a simple trade easy enough to do on Robinhood or WeBull, but it could make you a 100% gain.
COVID-19 cases are spiking in places like Texas and Florida; two states that have completely opened back up since lockdown restrictions swept the country. Now, even more states are moving ahead with their reopening plans, and that means the chances for new hot spots increases, too.
With uncertainty building over the virus's renewed growth rate, some businesses are going to be hit hard if Americans bunker down again. Currently, an overwhelming 80% of Americans support stay-at-home orders and nonessential business closures. Even where economic restrictions have lifted, Americans are going out less frequently.
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The good news is that is the perfect environment to make some serious money with options.
Money Morning Quantitative Specialist Chris Johnson has zeroed in on one company that hasn't been able to get out of neutral and is due for more setbacks.
But by trading options, you can turn this company's weakness into 100% profits.
Check it out…