Posted on March 26, 2021
Quick public service announcement before we close one for the big buck.
And it goes like this –
Because of the holy convocation of Passover, next week’s A Jew and His Money will not arrive on Monday. Rather, your inbox will be graced with Hugh’s panache, wisdom and well-honed money-making sensibilities the following day, Tuesday.
And as for that big buck business, it goes like this –
Our ETSY trade, the details of which can be found HERE, sees us currently holding the ETSY June 18th 200 synthetic short and holding a healthy credit of $4.75.
The short CALL sells for $22.50 and the long PUT goes for $25.25. Buy back the former and sell off the latter and you net $7.50 on an original debit of $4.45. That’s a slap-happy return of 169% in eleven weeks.
May the Lord, G-d of Israel protect you and yours through the trials of the Final Redemption.
Alan B. Harvard