As I write this, we’re just days away from the 2024 election.

Polling suggests a dead heat with both candidates neck and neck. The winner will be determined by just a handful of votes, I believe.

So, if there was ever a reason to cast your ballot - that’s it! You might decide who the next President of the United States is.

Who will win? I’m uncertain…

But I will tell you this, there’s bound to be some turmoil around this election. The lawyers on both sides are standing by, waiting to contest every vote. You know it, and I know it.

I know one thing for certain, the markets HATE uncertainty.

Uncertainty breeds volatility…

Knowing this, as a trader, what do you do?

How to Profit from Volatility

If you’re an active trader, you can trade into the volatility.

You’ll probably use some short term options strategies to hedge your portfolio… and maybe even a directional options trade or two - to capitalize on what you think will happen.

For those of us who are not volatility traders… What can we do?

I like to write covered calls…

They give you a little bit of income in uncertain times.

Better still, you can use that money to purchase protective puts on your portfolio, protecting from wild swings to the downside.

Check out the is great video on Writing Covered calls -

Whatever you decide to do, just remember, volatility is fast approaching… so hold onto your hats.