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It’s been a very exciting trading day so far, with yesterday evidently being the bulls’ best effort to turn this thing around. They are failing. In particular, my best money maker is DIA puts, which I amped up yesterday. For whatever reason, the industrials are quite weak compared to its compatriots.
I want to publicly and ruefully apologize for my tardiness this morning. Long story! I’ll just bang out a super quick thought for the moment and loop back later with something more substantive.
I wrote yesterday about Credo (CRDO). I had June puts on it with good profits. A couple of days ago, I sold a third of the position off to trim the risk (it had become too fat). This morning, CRDO is soaring. Am I upset? Nope! On the contrary, I have re-established my full position. I think this one is going to be a long-term winner.
I have put options on all the charts below – all of them with a June expiration, except for RKLB, which is way out into next January. The biggest winner right now, by far, is UBER, with almost a 70% profit. As the expiration date suggests, I have bigger hopes for these trades. I have zoomed in on the most relevant portions of recent price history.
People all o’er the world know of the tale of Credo, which I related here last night. Children are put to bed by their parents reading them this story. As I suggested in my bedtime tale, it was idiotic to panic and cover, as the graph plainly shows.
