During earnings season at Patterns & Profits, we routinely scan the markets for the most expensive options.

For the uninitiated, this has nothing to do with the actual cost of the options, but how expensive they are in terms of implied volatility.

If you don’t know what that means, don’t worry. I’ll explain everything in today’s video.

What you need to know is that this October, it’s more than just earnings that are pumping up option prices – all thanks to the things we’ve been talking about for weeks (if not months).

To go along with an economy that keeps gaining steam (and might be so strong we don’t even get another rate cut – something I mentioned in yesterday’s Five Points update), financial markets keep hitting milestones.

The Dow closed above 43,000 for the first time yesterday, while the S&P 500 booked another all-time high, about a quarter point below my official year-end target of 585.

Plus, as we talked about last week, the U.S. presidential election cycle is hitting its four-year peak.

All that – on top of earnings season.

So for all the options sellers out there, there’s plenty of money to be made.

Just click below to check out the market’s most expensive options during “Up-tober”…

Good trading,

Tom Gentile

America’s Pattern Trader