The Week Ahead
Volume 117 - Quiet week ahead but length still being added
Good morning, America,
This is the first week ahead in a while… taken a break as I did the election post, and I think markets have been focussed on that for most of the past few weeks.
I didn’t do too much last week other than put some trades on…
Thursday, I put on a 2700/2800 GC call spread for ~$13 (Dec 26th expiry - same spread as the recent gold trade)
Gold is up 151bps this morning.
Sold some 420,425,430 MSFT puts for last Friday to take delivery… now long MSFT at 3% (420.12 avg)
With lifetime subscribers, we sold the TSLA 330P for $10 (Friday expiry) to add to our long position; TSLA is since up 5.82%, and I will look to take a little off as TSLA has pushed back up over a 4% weight and wouldn’t mind bringing it down to 2.5%. We originally bought on the night of earnings at 225…
There is not LOADS to write about today since it is all about NVDA, and I will write some pre-earnings notes.
As I mentioned in my last Week Ahead post, “All eyes on 6k” for SPX… Since then, it has happened, but the most common inbound I have received over the past week is where next.