Profiting with Toms Option Tools app

[Archives]( Live]( [Twitter]( [Youtube]( [Instagram]( [Discord]( [Tiktok]( [TOP TRADE FOR 2023]( 100X profit ceiling over the next 2-3 years. [View details here]( MAIN STORY How You Can Profit with Toms Option Tools App By Tom Gentile. Hey there, Power Profit Traders! Our market environment is primed for great trading opportunities, and I’ve been sending trade alerts to my publication subscribers regularly. Now, I’d like to open door to trading opportunities for you even wider, and my Toms Option Tools smartphone app can do that. Each trading day the Morning Report, located on the app, offers six watchlists with 10 stocks each that include potential trading opportunities for you – which means there are 60 stocks per day to choose from. Since you have access to this resource, let me help you get more acquainted with it and in turn you’ll have many more trading opportunities at your fingertips. The first step then is to download the app on your smartphone. Let me show you how and then I’ll explain how to use the Morning Report watch lists to your advantage. Accessing Toms Option Tools to Boost Your Trading Potential You can download my app on either an Apple or Android smartphone. To get you started, just follow these 4 simple steps: Step 1: Search for “Toms Option Tool” in your Android or iPhone app store and download it. Step 2: Click the free Morning Report icon to access your six watchlists. Step 3: Click on any one of the six watchlists to find your daily list of 10 stocks that best match the watch list criteria. In the example below, the Cheap IV watchlist was selected, and the corresponding 10 stocks are on the left. Step 4: Although I’m going to give you a brief overview of your six watchlists on the app, to gain an even stronger understanding of my trader’s tools, your fourth step will be to follow me on [Money Morning LIVE]( where you’ll discover more about the watchlists and how to profit from them over time. Now let’s talk about the six watchlists. Morning Report Watchlists After opening the Toms Option Tools app, you can click on the Morning Report button and you’ll see the following six morning report watchlists: - High Volume - High Open Interest - Unusual Call Volume - Unusual Put Volume - Cheap Implied Volatility (IV) - Expensive IV Let me break it down for you so you’ll have a better understanding of what each of the watchlists has to offer. HIGH VOLUME The High-Volume watchlist includes 10 stocks that have high trading volume on an individual option. In the example below, you’ll find four items: The stock symbol (AMZN), the option expiration, type of option (call/put) and strike price, the market value of the option and, finally, the volume (number of contracts traded) for that option. The example above shows the Amazon Inc. (AMZN) June 16, 2023 $95 Call option, which has a market value of $16.90 per share, and the volume on this option, which is 75,466. As an options trader, this High Volume watchlist provides very specific call or put options that have heavy demand. Pinpointing where high demand is can help with your individual trade decisions. HIGH OPEN INTEREST My next example is the High Open Interest watchlist. The same information is available for each of these watchlists – Stock symbol, Option and Price. The fourth column will be unique to each watchlist. In the example below we find Starbucks Inc. (SBUX), which has an April 21, 2023 Call option valued at $3.43 per share. The open interest on this option is 134,016. I’m only showing you one line in the watchlists for now, but like the other watchlists, the High Open Interest watchlist has a list of 10 options to choose from. You may be wondering what Open Interest is. Open Interest (OI) can tell you how many contracts have been opened up by both buyers and sellers. It tells us how much trading interest there is for each option. Normally, options are continually gaining interest (demand) from the moment the option is available to traders to the moment it expires. But when you see option contracts with high open interest, it can indicate that those options are very liquid, which means the slippage (gap between the bid/ask) is low. And trading options with high open interest can help you from being taken advantage of by market makers. UNUSUAL CALL VOLUME Let’s look at the both the Unusual Call and Put Volume watchlists next. In the examples below you’ll see 20,397 call contracts traded on Texas Instruments, Inc. (TXN) on the left, and 22,189 put contracts traded on Affirm Holdings (AFRM). The Unusual Call and Put Volume watchlist can be help you identify stocks with unusually high demand for their options. These stocks may be sleepers at times, but perhaps recently experienced a price breakaway, which can then be followed by a strong run in the price. It can simply point to bullish and bearish trading opportunities for you. CHEAP AND EXPENSIVE IMPLIED VOLATILITY The final two watchlists are very useful in finding options that are over or under valued. In the final two watchlists you see in the image below, you’ll see the stock symbol, but also the high, low and current implied volatility (IV). Implied Volatility is a key ingredient in an options market value. You see, it has to do with inflated vs fair option values. Let me use the price of a car to illustrate how important these two watchlists can be to your trading. Suppose you want to buy a car with a $50,000 price tag. You’ve watched the value of this car for months and the price has remained fairly constant. Suddenly, you walk by the dealership and the price has changed to $60,000. You know it’s the exact same car you’ve had your eyes on for months, so what gives? The dealer simply tells you there’s greater demand for the car now, and the price is justified. Trading options is similar... When demand significantly increases, option values can become inflated. The IV watchlists offer 10 stocks per day whose options are over or under valued. As an options trader you can use this to your advantage by selling options with inflated premiums and buying options that have cheap IV. These six watch lists can present great trading opportunities for you. You can certainly use these watch lists to your advantage right away if you’re comfortable, but if you’d like to continue learning more about ways to trade options, please join me in my [Money Morning LIVE]( sessions each Monday through Wednesday at 12:00 noon ET as I inform my readers of the wide range of option trading strategies. Until next time, Tom Gentile America's #1 Pattern Trader Join Tom each Monday through Wednesday at 12:00 p.m. ET as he discusses a range of strategies that can make money in a strained market environment. Did you miss the Live session? 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Straddle trading takes the guess work out. Straddles can profit if the stock’s price rises OR falls on speculation. [Earnings: The IV Crush]( Trading options is a zero-sum game, meaning there will always be a winner and a loser on either side of a trade. Trading through an earnings report and losing in spite of the fact that the underlying stock price went in your intended direction can feel like getting stung by the biggest bee in the hive – Ouch! There is a right way to trade earnings. [The All-in-One Chart]( Welcome to my guide on the All-in-One Chart. The charting tools are made available for you to utilize in Tom’s Option’s Tools. My All-in-One Chart is made up of several components to help evaluate charts. Although there are many other factors involved in decisions regarding trades, chart analysis is a part of the process. [How to set up a Microcurrency Account]( Currencies make up the biggest market in the world today. In fact, every single day, up to $6.6 trillion is traded in the currency market. But there’s something extraordinary happening in this massive global market… It’s all hidden in a tiny offshoot that’s helping regular, everyday Americans become rich in the blink of an eye. They’re called microcurrencies – and it’s your turn to take advantage of these major moneymakers by setting up your own Microcurrency trading account.   CASH COURSE For the first time ever, I’m letting a small amount of new readers get 100% free access to my Cash Course. This cornerstone course will show you – in just seven simple steps — everything you need to know about trading options. Plus, you’ll learn how to make the perfect trades using the same methods I’ve used to train over 300,000 readers. So get ready – I’m about to show you how to cash in on any market – whether it’s up, down, or sideways. 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