I don’t think I’ve ever traded Eli Lilly (LLY) in my life, but I bought one, count ’em, one put today on this nearly $1,000/share sucker. I’ve got a tight stop, marked with that dashed red line.

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I don’t think I’ve ever traded Eli Lilly (LLY) in my life, but I bought one, count ’em, one put today on this nearly $1,000/share sucker. I’ve got a tight stop, marked with that dashed red line.

Until recent, I never bothered trading any of the household names like Meta, Google, or Microsoft, but I’ve gotta say, these multi-trillion dollar behemoths are looking like some of the best short opportunities these days (with the added benefit of never having ridiculous 20% bid/ask spreads on the options!)

If you want to just throw your lot in with the devil, you can’t do better than Stephen Schwarzman and his squid-ink-black organization Blackrock. It’s a beautiful chart for a long position, if you don’t care about, ya know, anything but money. Here ’tis…………

What a morning, eh, gang? Jerome Powell lumbered up to the podium and basically gave a history lesson, and the bulls went absolutely ape. The markets exploded higher. I couldn’t help but notice that semiconductors, by way of SMH, represented a very intriguing bearish opportunity at those laughable levels.
