Option Opportunities At A Frothy Top

Posted by Joe Duffy | Dec 15, 2023 | Joe Duffy's Trading Advantage | 0 |

Next week, I will do a couple updates only. I am short SBUX at 98.00. Today added a short Tesla at 252.50. Would like to add a short ARKK at mid 52 area. These are thru put options. Give yourself till March or April expiry if you decide to follow.

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In my view the market is at or very near an intermediate top. Could meander sideways till after Christmas, but I think that’s the best case scenario. Again only a couple updates next week. My opinion is very unlikely to change from the above next week.

Thanks,

Joe

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Joe Duffy

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