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We all know how rough the month has been for the market – this week alone we've seen the Dow drop well over 400 points.
And now it looks like we've got a new trade war with Mexico to worry about… after U.S. President Donald Trump slapped them with a 5% tariff this morning.
Now, while most investors have struggled to keep their portfolios above water – this group of readers has continued to take profits even in the worst volatility.
I'm talking 104% gains in under 24 hours.
Here's how they did it – and how you can too…
The Fastest, Easiest Way to Double Your Money in an Uncertain Market
No matter what you may have been told by the talking heads in the mainstream media, there's only one true way to get rich in the stock market – and it's not the ol' "buy-and-hold" strategy.
Now don't get me wrong…
It's true that you can make some money investing in stocks and mutual funds. But the most you're looking at on average (in a good year) is only about a 10% return. And to maximize your profits, you'll likely need to hang onto those investments for 10, 15, or even 20 years.
Not with options, though. When trading options, you don't have to wait even a week to capture the kind of profits that'd take those buy-and-hold investors decades to make.
But there's a certain type of options out there, and they deliver profits faster than anything you've seen before.
They're called weekly options (weeklys for short), and they put cash in your pocket in five days or less.
Here's an example…
Earlier this week, on Tuesday, May 28 – I sent a recommendation to my subscribers to open a put trade, or what I like to call a "Red Trade," using the AT&T (NYSE: T) June 7, 2019, $32.50 put options. We are in the midst of a correcting market, and T was hitting the radar hard, posed for some quick downside profits.
Now, at the time, T was trading for $32.33. So imagine trying to get your hands on 100 shares of it. You would've needed $3 laying around to dump into T – and would've needed to cross your fingers, hoping for the best.
But not us.
It only cost us $55 to buy 100 shares of the stock (one options contract is equivalent to 100 shares). That's over 5,778% LESS than buying 100 individual shares of the stock outright – and partially why Wall Street doesn't want you trading options.
Now, as you can see above, it has bumped up against the $32.50 resistance price point three times over the past six trading days and the channel collision indicator was saying, "Three strikes, you're out!"
And this channel collision was dead on…
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.