Here’s A Pre-Fed Meeting Trade from Mark (MEETING AT 2PM)

Liz here, feeling like putting my “Mother of the Year” shirt through the paper shredder. I missed my kid’s Zoom concert at school. I was writing, and I set an alarm for it, and I somehow missed it.

Granted, it was the Father’s Day concert, and my husband also missed it, but at least he has an excuse. He was in jail.

Moral: DON’T MISS STUFF YOU’RE SUPPOSED TO GO TO. You will feel awful.

Mark’s Fed session goes live at 2pm today, and he’s trading Jerome Powell’s speech and somehow making 5x gains. Don’t miss it, or you, like me, will feel bad.

You’ve got less than an hour. Go sign up here.

(They actually emailed me AND texted me a link from school, and I still forgot. This is your link. Don’t forget. Don’t be like me.)

Jerome Powell is going to be really sad if you don’t trade this. And he’ll probably come home from the meeting tonight and say “All the OTHER traders were watching today. I was lonely. Why weren’t you?”

And then you’re going to have to let him play Minecraft even though it’s a school night.

ANYWAY, Mark’s got a quick trade for you to hop into before the meeting-go here to get it.

“Uber Is On A Long, Slow Grind Lower”

Correct me if I’m wrong, but I think we took off some shortside rideshare profits last year. And now Mark sees some action there again…

He Slacked me, “A trader bought in the money calls and sold stock 1 up, meaning 100 shares per contract. It’s a synthetic put.”

This is what it looked like, if you’re interested.

He also sent me a picture of the “long, slow grind lower,” which looks like this.

Speaking of “long, slow grind,” our fancy coffee machine at work plays a sort of little montage of coffee harvesting while you’re waiting for your drink, captioned “Roasted with Passion.” It always makes me wonder how hot your passion has to be to actually roast something. For instance, I’m fairly sure you could put green coffee beans into the marriage of Elizabeth Taylor and Richard Burton and they would come out brown.

ANYWAY.

“Sell the August 15 puts in front of it at .50,” Mark said. “Pay .80 for the Aug-Jan 15 put calendar spread…or just buy the puts outright.”

That’ll be two trades – a hedged Nickel and an unhedged (though still cheap) Dollar.

Here’s what to do…

NICKEL SLOTS: Action to Take: Sell to Open the UBER August 19, 2022 $15 puts, and on the same order ticket, Buy to Open the UBER January 20, 2023 $15 puts. Pay up to $0.80 for the spread. Enter as a Good til Canceled (GTC) order.

DOLLAR SLOTS Action to Take: Buy to Open the UBER January 20, 2023 $15 puts for $1.30 or better. Enter as a Good til Canceled (GTC) order.

Don’t forget to go to Jerome Powell’s school concert. And 5x your money.

I’ll be back tomorrow with a new “Bleh” trade – though unfortunately, the show won’t be on the air this week.

Hang loose!

Liz