Dear Student,
After the chaos of last week – and yesterday’s comeback – it’s pretty quiet in the markets today.
The major indices are mostly flat, while the VIX is down around 0.50% as of this writing.
As I told you yesterday, September’s seasonal bearishness, the uncertainty surrounding the next rate cut, and the uncertainty surrounding the outcome of the 2024 election are all, to some degree, weighing on the markets.
Tonight’s presidential debate is the most important event this week – more important than yesterday’s Apple event, the lack of earnings this week, tomorrow’s Consumer Price Index report, and the next interest rate cut.
Given the stakes, I can understand traders who might want to take a breather on the sidelines while the markets make up their minds.
But that’s not what we do here at Patterns & Profits.
So ahead of tonight’s event, I want to take a look at the cheapest options in the market, including…
An ETF gives you leveraged exposure to a key Chinese stock index, seeking to deliver triple the daily performance of a basket of large-cap Chinese companies, and a California-based company focused on connecting smart devices to the cloud.
And for option sellers – we’ll look at the most expensive options in the market right now, including…
One of the largest supermarket chains in the U.S. with a presence in almost every state, this company has recently expanded beyond just groceries, offering pharmacy services, fuel centers, and even their own branded credit card – and right now, its options are relatively cheap.
We’ll also look at an ETF that tracks 3x the performance of the Nasdaq 100…
Click below to watch now!
Good trading,
Tom Gentile
America’s Pattern Trader