Getting these to you earlier today as many are new, welcome to the new members!With the market being uncertain I’ve decided to hedge into CPI with 1 bullish and 1 bearish position.
SHORT NVDA/ BUY 1/19/24 530 PUTS
NVDA is the poster child of AI and is a very 2023 story, the stock is also having an institutional Burn notice today, as it’s up 5 days in a row after gapping down to start 2024. The sellers are still waiting in the wings and CPI volatility could push them over the edge. the stock is making a double top today. 2 Stars trade last hour. 3:00-4:00
BUY ETSY/ BUY ETSY 1/19/24 75 CALLS
ETSY is down 2 days in a row and has now wiped out all gains since December. A squeeze on CPI could see internet laggers like ETSY which is being Burned today, gap higher on open. And the calls are very cheap today, giving us a nice entry opportunity. 1 Star Trade last hour. 3:00-4:00