Buying Options When Volatility is Too Hot

Monday, November 29, 2021 CRYPTO EXPERT: "Get Ready for Dozens of Bitcoin-Like Windfalls Bitcoin has famously gone up 7.3 million percent since 2010. It turned ordinary people into millionaires - even billionaires. Can history repeat itself? According to this crypto millionaire, it's about to repeat itself - over and over and over again. Full story here. Buying Options When Volatility is Too Hot By Tom Gentile Daily Watchlist Today's Schedule 8:30 a.m. ET - Catch the Money Morning LIVE show before the bell 9:30 a.m. ET - Watch me talk crypto (and New Zealand!) LIVE 1 p.m. ET - SELECT PREMIUM MEMBERS ONLY (private room) 3 p.m. ET - PARTNERS-ONLY meeting with Tom (private room) Don't miss any Tom Gentile cameos! Follow the Money Morning LIVE streaming schedule here. Hey there, Power Profit Traders! I hope everyone had a great Thanksgiving! My next LIVE trading session starts at 9:30 a.m. ET right here, and it's an important one for anyone who's been toying with the idea of getting into the crypto game. After the broad-market spanking we saw on Black Friday, several cryptocurrencies hit our longer-term support levels -- meaning there are some VERY interesting buying opportunities right now. Plus, I'll be giving away another week at my house in New Zealand! It all starts at 9:30 a.m. ET, so make sure you're in the room and chatting (AND that you've updated your Profile name so it doesn't start with "Member" -- I wanna know who I'm talking to!). In the meantime, and continuing our theme of options education, I want to break down a strategy I just went over at 8:30 a.m. ET on the Money Morning LIVE show... It's a strategy I often use when I want to be an option buyer, but prices are running a little too hot -- perhaps like after the bout of volatility we just saw during Friday's holiday-shortened session. Click here to continue reading today's Power Profit Trades newsletter. Tom Gentile America's #1 Pattern Trader Tom's Toolbox Today's Watchlist is based on the Morning Report's Cheap IV tool. This data is updated after the closing bell each session, and compares current implied volatility (IV) against a set of near-the-money options over the last year. Unlike other indicators, the Morning Report's Cheap IV tool compares IV against itself, as opposed to historical volatility (HV), for a more apples-to-apples comparison. Cheap IV means the current IV is at the low end of this 52-week range, indicating option premiums are relatively inexpensive at the moment - a ripe atmosphere for buying to open calls or puts. The Morning Report tools from the Tom Gentile Suite app are free to Power Profit Traders - click here for instructions on how to use and download.   Download the APP Subscribe to Tom's YouTube Follow Tom on Spotify   Join the conversation at powerprofittrades.com Or follow me on Facebook and Twitter The best way to receive the most timely, actionable opportunities from Money Morning is by joining our text messaging service, Red Alert - free of charge. Text INCOME to 21852 By texting INCOME to 21852, you are expressly consenting to be texted about investing news, trade alerts and marketing communications from Money Map Press, LLC about Money Morning's Red Alert text messaging service at the phone number you use, even if the phone number is on a corporate, state or national do not call list. You also consent and unconditionally agree to our Privacy Policy and Terms of Use, including the arbitration provision and class action waiver contained therein. 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