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This is a quick short idea. I have a special place in my heart for meme stocks. While the moves they made back in 2021 were truly remarkable (I admit I was extremely jealous at the time), those days are done. I’m sure some day we will see something like this happen again (much fewer and far between I think since now everyone is looking for it). But now any sort of “squeeze” attempts are being met with selling holding the resistance.
In my portfolio spreadsheet, I always tuck away positions I close so I can see what they do later (I update the data so that the “entry” price is whatever price I got at the exit). Just now, I sorted all these ex-positions by percentage gain, and the biggest ‘one that got away” is Crown Castle (CCI). Looking at the chart, it doesn’t seem that impressive, but the puts I sold on it have gone up an additional 221%.
I went long GDX puts yesterday and sold them about half an hour ago for a nice profit. I wanted to point out that a very heavily traded miner, symbol AG, just broke its lifetime trendline and could be an intriguing long-term short. I give to you: First Majestic Silver Corporation.
Good heavens. OK. Do with this SPY chart what you will. My eyes are bugging out.
I’m piling into EFA puts. This is a gift.
