Posted on September 5, 2021
We start with a brief note on this week’s editorial calendar.
As tomorrow begins the holy, two-day Rosh HaShana holiday, we will not be publishing A Jew and His Gold this Thursday. We will not be in the office, and we will not be looking at our screens.
If there’s action required on either Thursday or Friday of this week, we will send a bulletin.
Outside of that, you’re on your own.
Next Monday, A Jew and His Gold will replace the regularly scheduled A Jew and His Money in order that fellow scribbler Matt McAbby be kept from throwing a tantrum.
Please stay tuned here for additional editorial changes as we move through the holiday season.
Today’s propaganda is brought to you by the Carrier Global Corporation (NYSE:CARR), heating and cooling the air you breathe with combustible carcinogens you never imagined could do so much harm!
Have a look at the fundamentals –
We don’t have faith in the future of the stock, and we’d venture that the Day of Judgment will render a guilty verdict on those still holding through the end of the week.
Have a look now at the daily –
Technically, the picture is negative –
And it’s for all the foregoing that we now offer the following, finely-crafted options whammy of a bet for your financial dining pleasure.
A Jew and His Money recommends you consider selling the CARR December 17th 55.00/57.50 CALL spread* for a credit of $1.20 (4.70/3.50) and buying the CARR December 17th 52.50/46.00 PUT spread** for $1.20 (1.70/0.50). Net Zero Premium is the result.
Rationale: the price point for the trade is perfect. We pay nothing and “purchase” the opportunity to profit to the tune of $6.50. That’s our maximum gain.
Our maximum loss is $2.50, should CARR close above $57.50 at expiry.
We start making money when CARR declines to $53.75.
Après ça, la deluge!
May your Rosh HaShana be filled with purpose and meaning, and may you exit with the blessing of the Holy One and be inscribed in the Book of Life for another year.
With kind regards,
Hugh L. O’Haynew