I gave away three trades on Schwab Network’s Trading 360 this week.
Two bearish trades, with one bullish trade stuck in the middle.
The bull is the one that hurts. It deeply pains me to get bullish on anything in the airline business, period. But this one has tested its highs twice, and maybe the third time’s the charm.
If it cracks through, retail traders pile in chasing new all-time highs, and the stock can explode through that level.
The first bear is one of the big banks in on the Anthropic IPO.
I think the market has already priced in every bit 0of upside, and this may be the high tick for a while. Rising rates and a possible yield curve inversion over the next few weeks won’t help it.
The second bear is a chip stock up 148% this year. Intel got decimated, Nvidia took a beating, Micron took big hits, and this one came through completely unscathed. I’m using this rip-your-face-off rally to short it.
All three are spreads, and all three are cheap shots. The symbols, the strikes and the levels on the charts are all in the video.
To your success,
Don Kaufman
