Lots Of Ripe Picks Out There Now

Posted by Joe Duffy | Sep 2, 2024 | Joe Duffy's Trading Advantage | 0 |

Patience just letting the stock market play out is setting up good opps for those that waited. I like several big stocks here including TSLA (Tesla $214) and NVDA (Nvidia $119). Among lower priced optionable stocks have a look at DKNG (Draftkings $34). The bears had a chance last week, but barely moved the needle. NVDA had a small sell off after decent earnings numbers and is no longer so overbought and hence a safer buy.

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Over to the long term bond ETF (TLT $96.50) it is coming back into the buy range. Go deep in 2025 with calls. On a rally sell just out-of-money short dated calls against it. Rinse repeat.

Thanks,

Joe

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Joe Duffy

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