Trade Alert: Buy this $1 Call Spread to Ride the Next Wave of Volatility
Shah Gilani|August 16, 2022
This bear market rally has taken all of us for a ride. The S&P 500 is now up 11% since mid-July and I am seeing some investors relax a bit – maybe a little too much. Especially now that the CBOE Volatility Index (^VIX), a unique measure of market volatility, is plumbing a 20 handle (its 20-year average).
^VIX’s value fluctuates with volatility – rising and volatility rises, and so on.
Seeing it fall below its 20-year average may be encouraging some to bring money back into the stock market, but what I am seeing is a different opportunity all together.
Because I don’t think the ^VIX will stay this low for much longer.
Watch today’s video to learn more or click here to see today’s trade instructions.
Today’s action:
Buy the September 21, 2022 ^VIX $22 Calls (VIX220921C00022000) and simultaneously sell the September 21, 2022 ^VIX $23 Calls (VIX220921C00023000) to create a call spread.
Shah Gilani
Shah Gilani is the Chief Investment Strategist of Manward Press. Shah is a sought-after market commentator… a former hedge fund manager… and a veteran of the Chicago Board of Options Exchange. He ran the futures and options division at the largest retail bank in Britain… and called the implosion of U.S. financial markets (AND the mega bull run that followed). Now at the helm of Manward, Shah is focused tightly on one goal: To do his part to make subscribers wealthier, happier and more free.