Start the conversation
Recently (and I'm sure to no one's surprise), the no. 1 question I've been receiving is: "How do I determine which option strategy is most effective with such high volatility?"
Now, while this question might seem like a loaded gun, there's actually a really simple answer.
And it can help you pinpoint the perfect strategy to lock in the biggest gains.
Here's what you need to know…
Now, like we talked about in the video, there are three key steps to identifying the best strategy for your next trade…
- First, really look at what direction makes the most sense for your trade (ex: technical, fundamental, seasonal, etc.).
- Really dig into the option volatility chart specifically for the time frame you are aiming on being in the trade.
- Lastly, look at the option skew chart to find low and high volatility option strike prices that fit in your intended series.
These three steps will set you up to pinpoint the perfect profit opportunity…
Now, I know most of my readers don't have the time in the day to spend hours looking at charts like this. I get it – between working 40, 50, heck, even 60 hours a week and taking care of your family, your time is going to be limited.
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The post Beat Volatility With This "Double-Your-Money" Checklist appeared first on Power Profit Trades.
About the Author
Tom Gentile, options trading specialist for Money Map Press, is widely known as America's No. 1 Pattern Trader thanks to his nearly 30 years of experience spotting lucrative patterns in options trading. Tom has taught over 300,000 traders his option trading secrets in a variety of settings, including seminars and workshops. He's also a bestselling author of eight books and training courses.