Biden’s confirmation of Janet Yellen as the Fed chairwoman 2.0 pretty much sealed the fate of the U.S. Dollar and I expect it to be renamed the ‘U.S. Weimar’ just before its replacement by monopoly money which it appears to be more resilient against haphazard inflation. But to be honest a crashing Dollar is par for the course for a nation that is incapable of holding a presidential election without certified results over one month later.
Earnings season may be wrapping up, but that doesn’t mean the juicy options spreads have gone away. In fact, we’ve uncovered two delightfully tasty earnings strategies for this week. We’re going strictly Double Calendar this week (DC-style?) as we continue to refine our strategy to a finally honed profit-making machine.
So the one thing we didn’t figure on when doing the Macy’s (M) trade was that the company is actually bovine defecation outlet posing as a department store chain. When this reality hit, the stock dropped quite a bit more than the straddle price predicted. Granted, the options market didn’t know that Macy’s has actually been overrun by commie nazi zombies.
First up big props to Greenlander for digging up this beauty – we are much obliged! Report to the lair to claim your free month of Zero goodness (email Mole at admin@). NVDA is a great candidate for an Limping Condor (a.k.a. double diagonal) or a Double Calendar Spread (DC). This time around, we’re going to stretch out our wings on our LC a bit to widen our break even points.