This Trade Played Out Like A Dream

Posted by Joe Duffy | Sep 27, 2024 | Joe Duffy's Trading Advantage | 0 |

As I mentioned last time the key event for Thursday would be Micron earnings. They beat top line, bottom line, with a bullish forward outlook. This will keep the market with a firm undertone through next week, and semiconductor stocks will benefit. Nvidia has been a bit slower to move than anticipated but still expect to see $130 at a minimum there. MU attached, huge gap higher! Join my daily video to get these picks in your inbox every morning!

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Regardless The top pick remains TLT. I started adding back option positions with TLT in the $97’s buying July 2025 slightly in the money calls and selling November 2024 out of the money calls against them.Hard to believe this isn’t a better play than any stock at the moment. And by better I mean a combination of risk to reward AND probability. If TLT goes lower I have dry powder to add more.

Thanks,

Joe

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Joe Duffy

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