Posted on March 8, 2022
S&P futures are flat as we write… a perfect day to make an exit.
We start with our SYY trade, delivered to you just YESTERDAY!
The dispatch was entitled In and Out and No One Gets Hurt, and it recommended you sell the SYY March 18th 84/89 CALL spread for $2.05 and buy the March 18th 88/84 PUT spread for $2.35. Total debit was $0.30.
Well… we promised you a quick turnaround.
The CALL spread can be repurchased for $0.50. And we say: do it.
The PUT spread can be sold for $2.80 (9.90/7.10). Do it.
That leaves you $2.00 NET on just $0.30 spent in a single bugger-rugger day, buddy.
And that’s 667%.
Long time reader José profited nicely from this one. A hearty congrats to him and any others who’ve already exited.
Our BABA initiative arrived on February 24th in a missive called I’m So Sorry, BABA. The recommendation was to sell the BABA April 14th 110/115 CALL spread for a credit of $2.30 and buy the BABA April 14th 115/110 PUT spread for $2.70 (11.00/8.30). Total debit on the affair was $0.40.
And today… good news.
The CALL spread can be bought for $1.34 (3.90/2.56) and the PUT spread sold for $3.45 (18.65/15.20).
Execute, and you NET out $1.71 on $0.40 spent.
And that’s 427%.
Maybe not so sorry, after all, BABA dear.
Our January 26th trade featured FLO as underlying. The communiqué was called A Rotting Bouquet From Flowers Foods and it urged you to short sell FLO (then at $28.11), and buy the FLO April 14th 30 CALL for $0.65. Total credit on the trade was $27.46.
With the stock now trading at $25.80, and the CALL fetching a nickel, we say it’s time.
Buy back the shares and sell the CALL, and you NET $1.71 on nothing spent.
Adjusted for minimal commissions gives you a win of 1040%!
And that’s ice, baby.
The details of our PH trade can be found HERE.
In short, we’re holding the April 14th 290 synthetic short and a credit of $3.40.
With the stock now trading at $271.92, the synthetic short can be sold for $15.40 (23.00/7.60).
That gives us an extraordinary NET takeaway of $18.80 on an initial throwdown of BUPKUS, friend – nothing, NADA.
That’s right, fellow Jews and Noahides…
G-d is good.
Adjusted for minimal commissions means we walk with an unbelievable 12,433%.
Your inbox was slapped with The Mighty Hercules Keels over Dead on November 22nd, featuring an HRI trade that beseeched you to purchase the HRI March 18th 160/145 PUT spread for a debit of $5.00.
Today, the spread can be sold for $7.30 (20.70/13.40), giving you a peppy $2.30 NET on a five dollar ticket.
And that’s a 46% gain.
We’re closing our LKQ trade today. The details of that one can be accessed HERE.
To sum, we’re short one lot of shares with a breakeven of $45.98.
And with the stock currently at $42.86, we’re now buying them back.
Do it yourself and you step away like a mongoose with $3.12 NET on no initial outlay.
Adjusted for minimal commissions gives you a very happy 1980% return.
It just keeps getting better.
Our XLU/XLF pairing, whose particulars are found HERE sees us holding a small credit of $0.12 and the March 18th 37 synthetic short.
Our advice today is to close the synthetic short for $0.91 (1.55/0.64), giving you a NET $1.03 return on $2.65 spent.
And that’s a most reasonable 39%.
On to TPR, whose trade details can be accessed by clicking HERE.
The trade has us in possession of the May 20th synthetic short at 35 and a debit of $0.57.
Action: close the synthetic short for a gain of $2.40 (4.60/2.20) and exit with a NET delivery of 55%.
Now to our FOXF bet, whose skinny is located HERE.
In brief, we’re holding a $5.84 credit and are short the March 18th 120 CALL.
Yes, the option expires next week, but a lot could happen before Klaus Schwab works his next deception, so we aren’t taking any chances.
Buy the CALL back for $1.80 and you NET $2.74 on an initial outlay of $1.30.
And that’s a perfectly healthy 210%.
Our TTC trade is coming to a close.
The details of the affair are as follows – we have a credit in hand of $10.15 and are holding two short March 18th 85 CALLs.
You could wait it out if you like, but we’re not messin’.
We say buy them back for $4.20 each and you exit the affair with $1.90 NET on no initial outlay.
Accounting for minimal commissions gives you a solid 1167% profit.
And you say there’s no hashgacha…
The Al-mighty G-d of Abraham, Isaac and Jacob tries us, tests us, but never leaves us.
Not for a second, brother.
Alan B. Harvard