Last week I told you that today would be a “soft” day in the market. And the reason for that is that the 4th of July holiday interrupts the trading week.
This past Friday, June 30th, closed out the books for most large institutions like hedge funds on the first half of the year.
So normally, today would be a big kickoff day with lots of activity.
But with the markets closed tomorrow, Wednesday (July 5th) will be the “real” start to the second half of the year for most big institutions.
And that means that we’ll see volatility absolutely explode on Wednedsay… (watch the VIX spike on Wednesday)
I’m really looking forward to that, because when volatility rises, options prices go way up.
And like I’ve been telling you lately, when options prices go up, options SELLERS benefit in a huge way.
When you discover how to couple high options premiums with the right stock, it’s a recipe for success.
The right stock is key to this whole thing, because while all 3 markets are “technically” bullish…
Remember — I’ve also been telling you that it’s just a handful of stocks driving the market. And that’s dangerous, so you have to be careful.
At the end of the day, the best way to position yourself in the market we’re seeing right now is to become an options seller. And you can discover how I do that by clicking this link right here.
Trade well,
Jack Carter
Jack Carter Trading