Good morning, Power Profit Traders!
Don’t forget to watch Team Tom LIVE at the open at 9:30 a.m. ET right here!
And then, I have even more homework for you — well, if you consider a HOT CRYPTO TAKE homework…
You all know that what’s happening in the crypto arena has me REALLY excited — so excited that I just recorded a special video for you: 3 Cryptos, 3 Ways.
So check out the video as I discuss:
- What my moving-average signals tell me about Bitcoin (1:40 marker)
- The “triple-stack compression” on my radar (2:30)
- The coin that’s doubled in the past few months (3:24)
- Where Ethereum would have to close for a Darknet “Sell” signal to sound (5:41)
- Fibonacci retracements that could come into play on Dogecoin (6:40)
- And more!
And then, if you want an even deeper dive into my cryptocurrency analysis and how I’m playing the 3G Coin Revolution, become a Microcurrency Trader and get in on the fun!
After all, it’s important to have as diverse a portfolio as possible — and that’s not just limited to stocks and bonds anymore. The generational wealth of the future is being made in this sector.
Speaking of diversification… Let’s talk more about that as we dive into today’s Power Profit Trades Watchlist.
When you hear the term “balanced portfolio,” you probably think of the things I just mentioned: how your investments are divided between stocks, bonds, and cash.
Maybe you’ve graduated to the options arena, though, which opens the door to a lot more opportunities in which to speculate in either direction.
While it’s not my place to tell you how to allocate your funds (I’m not your broker or a Registered Investment Advisor), what I CAN tell you is I’m a big advocate for spreading out the capital.
You don’t want to put all your eggs in one basket, as they say, because if that basket breaks, you’re toast.
In the options game, an easy way to diversify your eggs, so to speak, is to not lean too heavily on the bullish or bearish side.
In the current bull market, which has run hard and fast to record highs, it’s easy to be call-heavy at the moment — buying call options can be lucrative when stocks are streaking higher.
However, in the event you want to reserve some eggs for the bearish basket with long put options, my Unusual Put Option Volume list is a great jumping-off point.
This Watchlist is based on the Morning Report tool — accessible to you for free by
following these steps to download and use the TG Suite app.
The options data is updated after the closing bell each session, pulling specific stock options that generated — you guessed it! — bigger-than-usual put volume that day.
The Option column tells you which specific contract generated notable attention. One can interpret the code in that column as: Expiration Date (YYMMDD) – Type of Option (“P” for put/”C” for call) – Strike Price.
Therefore, a code that reads 211217P195 — like the Square (SQ) option at the top of our Watchlist — would tell you the most popular contract that day was the $195-strike put option expiring Dec. 17, 2021, with nearly 15,000 contracts exchanged.
Of course, you always want to do your own fundamental and technical analysis before getting into anything, but watching where other speculators are flocking is like being a fly on the wall of the options floor… if you listen close enough, you just might find a serendipitous trade opportunity.
Meanwhile, you don’t have to be a fly on the wall to hear me screaming about how excited I am for the upcoming crypto boom — I’ve been shouting it from the rooftops!
So make sure to check out my video update, and then hop in the room at 9:30 a.m. ET for another LIVE TRADING LESSON with Team Tom!
See you there…
Tom Gentile
