| Editor's Note: Wow. What a start. This morning we kicked off our Election Week Open House, and we already have several winners in the bag. So far we've closed 11 winning trades! And four of those winners were opened and closed this morning. We paired NUE (a Republican winner) with RUN (a Democratic winner) - and hit winners on both before lunch. We closed NUE for a 17.60% gain and RUN for a 9.69% winner - both in less than 1 trading day. But don't worry if you missed Monday... because tomorrow could be even crazier. If you haven't heard, Tuesday is Election Day, and the anxious excitement that's been building in the markets could lead to more opportunities as voting results trickle in. So don't miss out on this FREE chance to receive all our Election Week trade alerts in real time for an entire trading week. Click here to join us now. - Ryan Fitzwater, Publisher
Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance The 2024 Election is tomorrow and today I'm laying out my bread and butter strategy for the entire week. I'll be focusing on what I'm calling "Election Day Volatility Trades." Here's how they work... The Anatomy of Zero Day Expiration Options Trades For this week, I'll be looking to use a 2-sided "strangle" play using Zero Day Expiration Options (ODTE). In case you're unfamiliar ODTE trades, here's how they work. Zero Day Expiration Options refer to options contracts with short-term expirations. Sometimes, they expire on the same day they're traded. Other short-term contracts can have expirations one or two days in the future. ODTE's offer the opportunity to hit fast, massive returns - simply by playing short-term market moves. For a short-term focused trader like me, these assets are perfect vehicles to trade around market-moving events - such as a major election. ODTE's also offer a low-cost opportunity since they tend to have lower premiums. This can make them less expensive vehicles to take a position on short-term volatility. My First Election Day Trade Today I issued a 2-sided "strangle" play on XLE as part of our Election Open House using a Nov. 8 expiration date. The XLE is an exchanged-traded fund (ETF) that consists of a collection of companies including Exxon Mobil, Chevron, Conoco Phillips, Schlumberger, EOG Resources and Phillips 66. I believe no matter what the election results say tomorrow, these XLE companies could be just as volatile as the broader markets. The tactical strategy behind this trade is that you own both a XLE call - and also a XLE put - which both expire at the end of the day on Nov. 8. This allows you to capture any oversized market volatility. No matter if it's a market going UP or a market that's going DOWN, you stand to profit either way. As long as the directional move is large enough, you'll win. | 
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