All IA Positions Today (Patreon)

Hi Team

MEA CULPA I recently discovered that I still had some NVIDIA (NVDA) LEAPS in an obscure account that I never look at. I thought I had sold all of my NVDA LEAPS, but it turns out I still have some January 2024 LEAPS with a strike price of $200. I will exit these positions shortly, but the strength of the stock is looking good once again.

It appears that money is flowing into the market. The $5 trillion on the sidelines has been eating the bears alive, and now they could be FOMOing in at last.

I had planned to do a large covered call on my Meta Platforms (META) at $303, but the stock is too strong due to the strong Consumer Price Index (CPI) print.

I have hedged part of my MicroStrategy (MSTR) position. I have a small position at a breakeven price of $428, and I have hedged nearly half of my position at $458. The calls were so juicy that it was unreal, and MSTR is completely beyond where it should be. This is what I covered in my OCTA article yesterday - massive FOMO into proxies.

That's all for now. I will be releasing a quick Patreon exclusive later today. Today is a face-off between Arbitrage (ARB) and Polygon (MATIC).

Stay well, team.