Looking at the indexes, the Dow (DJIA) is completely in bearish territory.
The S&P (SPX) is only slightly better…
And of all 3 major indexes, the Nasdaq is the best — just slightly bearish at the moment.
Of the 3, the Nasdaq is the most likely to stage a rally between now and the end of the year.
But whether we get that or not, one thing is for sure: We’re definitely going to see a huge jump in options volume.And that makes it prime time for my favorite strategy… Click below to watch today’s video.
If you followed along last week and did this exercise I gave you where you pick an option and watch it expire worthless by the end of the week…
Get ready, because with the rise in options volume, we’re REALLY going to see a lot more of that happening in the 4th quarter.
There’s going to be a lot of hedge funds and institutions who are going to be buying call options because of a fear of missing out on a potential rally.
And puts are on the table, too because everyone wants downside protection.
So this last three 3 months of 2023 is going to be prime time for selling options, watching them expire worthless — and keeping all the premium!
Trade well,
Jack Carter
P.S. If you’re ready to take 4th quarter by the horns, why not check out my latest project? It takes advantage of the same forces I talk about above… But we supercharge it by looking for unusual options activity, giving us an extreme edge. Check it out right here.