Posted on June 14, 2022
Hashem’s kindness abounds – we start our run to the bank today with Merck.
The trade was sent May 30th in a directive called Merckury’s Up – Meltdown Imminent.
And melt down, it did.
We implored you to sell the MRK August 19th 92.50/95.00 CALL spread for $1.05 and buy the MRK August 19th 92.50/90.00 PUT spread for $1.15. Total debit was $0.10.
With MRK selling for exactly $85, we recommend closing.
Buy back the short CALL spread for $0.55 (1.12/0.57) and sell the PUT spread for $1.70 (8.85/7.15), and you jaunty off with $1.05 NET on just a dime put down.
And that’s 1050%, friends.
In two flippin’ weeks!
Tell me the Holy One doesn’t love His Jews…
Our TRIP trade arrived in your inbox on May 26th in a communiqué called TRIP and Fall and Keep on Falling, and it urged you to set the TRIP September 16th 26 synthetic short for a debit of $2.68. Additionally, it recommended setting a STOP buy at $26 to avoid any runaway loss.
Today we close.
The PUT changes hands for $6.80 and the CALL for $0.73. Sell the former and buy back the latter and you step into the end zone like Billy “White Shoes” Johnson with $3.39 NET on $2.68 spent.
And that’s 126%.
In less than three weeks!
Next up is our May 19th AMR bet, from a letter called Nothing Could be Finer Than Tectonic Size Decliners in the Ma-a-ar-ket.
There, you’ll recall that we set the AMR June 17th 165 synthetic short for a debit $15.40. We also set a STOP buy on the shares at 165 to avoid any runaway loss.
Today, the PUT garners $18.10, while the CALL trades for $1.30.
Sell the PUT and leave the CALL to wither.
With just three days to expiry there’s little chance it will end in-the-money.
That should stuff your pockets with a fine-and-dandy $2.70 NET on $15.40 laid down.
Call it 17.5% or TWO HUNDRED SEVENTY BUCKS.
But either way… enjoy it.
And cancel the STOP.
Our KFY trade is closing today, and her details can be found HERE.
To sum, we’re short a single lot of KFY with a breakeven of $54.91.
And with KFY currently fetching $53.79, we’re buying it back and running with $1.12 NET (on an initial debit of $19.00).
Total Return: 5.9%
Finally, we wrap our XLF effort, whose particulars can be sourced HERE.
In brief, we’re short one lot of shares with a breakeven of $31.85.
And with XLF trading at $31.56, we’re buying them back today for a NET gain of $0.29.
Our original debit was $0.06, so that makes for an eye-popping 483%.
Inch by inch, row by row, we’re chalking up the profits and thanking His Eminence, the Master of the Universe, for all our successes.
Large and small.
Alan B. Harvard