SPDR S&P 500 (SPY)

[Wishthiswasmyjob]

Who will find big gains?
Who's going to double their money during August and September?
Or even a triple?

The put buyers.
Right here, the Oct 20th SPY 450 puts are at $7. The QQQ 385's are at $12.
That's incredibly cheap.
Historical low for buying that much time.

We know how overvalued the market is, especially compared to the global economic conditions.
We know the indications are overbought and how fast it can tumble.
Theta on them is nothing here.
Over the next 2 weeks, scale in, or buy the spikes and selling at even small dips is 15%.
Also good 401k hedge.
It'll work...
We'll revisit and review this in time.

"Despite headwinds"
That's an understatement.
The masses get easily distracted.
Check the charts, Aug/Sept will resemble Feb/March.
8% down, Back to the 50 day and we'll be lucky if it stops there.
The stage is set.
Overvaluation and negative divergence. https://t.co/6oUuFb9Wlj pic.twitter.com/8dzDYmlSpx

— Jeffrey Lebowski (@to_borg) July 30, 2023