Last week I covered the possible "no-landing" economic scenario, which may explain the contradiction between higher interest rates and lower inflation.
But despite lower inflation, the Federal Reserve keeps talking tough about the need to keep interest rates higher for longer.
Check out this week's video to find out what could be making Fed members so vigilant about interest rates and inflation.
Now, let's take a look at the open trades and see what needs to be done. You can access your Constant Cash Flow portfolio here. Be sure to select "Constant Cash Flow" from the left-most ("Email") drop-down menu.
Every Thursday, I'll divide the open portfolio into three sections...
Getting Ready to Cash In: These trades will simply expire and be removed from your portfolio at the end of the day tomorrow. No action is required on your part.
Holding Steady: These trades are playing out as I hoped but are too far from their expiration date to consider them "ready to cash in."
Needs Attention: This section will provide more detail as needed, but the trades in this category are either going in the opposite direction and need to be sold prior to expiration, or I may elect to have them expire in the money and have the shares put to us. From there, I will recommend a covered call you could sell, but I will not follow that covered-call trade in the Constant Cash Flow portfolio.
Each section is organized by contract expiration date.
Getting Ready to Cash In
The following trades look ready to expire out of the money tomorrow (Sept. 1, 2023)...
CHTR 1 Sep 23 $375 Put
GOOG 1 Sep 23 $117 Put
LRCX 1 Sep 23 $535 Put
TSLA 1 Sep 23 $200 Put
TSLA 1 Sep 23 $190 Put
Holding Steady
The following trades continue to play out just as we had hoped...
ADBE 8 Sep 23 $415 Put
MSFT 8 Sep 23 $280 Put
MSTR 8 Sep 23 $255 Put
RH 8 Sep 23 $275 Put
SMCI 8 Sep 23 $195 Put
ALB 15 Sep 23 $185 Put
ASML 15 Sep 23 $540 Put
EBIX 15 Sep 23 $12.5 Put
META 15 Sep 23 $235 Put
META 15 Sep 23 $250 Put
POOL 15 Sep 23 $300 Put
SMCI 15 Sep 23 $210 Put
SOXX 15 Sep 23 $435 Put
TGT 15 Sep 23 $110 Put
TSLA 15 Sep 23 $187.5 Put
NVDA 22 Sep 23 $360 Put
Needs Attention
There are no trades in the portfolio that need immediate attention.
Thank you once again for being a part of Constant Cash Flow.
If you have any questions or concerns, please feel free to reach out to me at emailmikeburnick@tradesmith.com. (Note, this is a new email address you can use for questions about Constant Cash Flow, Ultimate Income, Inside TradeSmith, or anything you want to bring to my attention.) Please tell me which email you are replying to, in the subject line or at the top of your message.
I'll be back with you next week.
Good investing,
Mike Burnick Senior Analyst, Constant Cash Flow
P.S. Be sure to stay logged into TradeSmith Finance so you can make the most out of your experience. Simply go here to log in.
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