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.

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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.