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You might think of put options as something to trade when markets are dropping, like they did in March. But the reality is there are opportunities to profit from weak stocks every day. In fact, some of the best put options to buy can be found in bull markets.
Just look at the major market indexes. The S&P 500 is near record highs, but a big swath of stocks on the NYSE and Nasdaq are still in bear markets, down at least 20% from their highs. And there are some leaky boats out there that are rising with the market's tide. Gains like those will be short-lived.
To find these opportunities, you just need to know where to look. That's where an expert like Money Morning Quantitative Specialist Chris Johnson comes in.
Chris's quantitative methodology helps him uncover weakness in stocks just as easily as he can uncover a future winner. And because traders are salivating over the potential to strike it big as stocks race above record highs, put options can trade for a bit of a discount. That maximizes your profit potential too.
Today we're going to show you one of these stocks. It just jumped in share price recently, but Chris says it's going to fall back down in a hurry.
It makes this our best put options trade right now, and it could double your money…