Wall Street economists have been warning that a recession is coming since 2021. But investors are still waiting.
One thing is certain: Our economy is sure to experience another recession at some point – but not right now, judging by the latest reading on U.S. gross domestic product (GDP). Be sure to watch my video below for more details and data:
Constant Cash Flow members closed out another 8 winning trades last week. That now adds up to 292 winners out of 294 trades total since we launched almost a year ago.
And that makes for a stellar 99.3% win rate!
It will be an unusually slow expiration Friday for members tomorrow, as we have just two more options on track to expire in the winner's circle. But there are plenty more trades you're on track to cash in over the next few weeks.
Every Thursday, we 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 alphabetically by ticker.
Getting Ready to Cash In
The following trades are right on track to expire out of the money tomorrow (Jan. 19, 2024) ...
COIN 2 Feb 24 $95 Put
SMCI 2 Feb 24 $435 Put
Holding Steady
The following trades continue to play out just as we hoped ...
AAP 16 Feb 24 $58 Put
AAP 23 Feb 24 $49 Put
ADBE 16 Feb 24 $485 Put
AVGO 16 Feb 24 $1050 Put
AVGO 23 Feb 24 $1005 Put
AVGO 9 Feb 24 $1010 Put
COIN 16 Feb 24 $80 Put
COST 16 Feb 24 $555 Put
DG 16 Feb 24 $115 Put
DG 16 Feb 24 $120 Put
LRCX 16 Feb 24 $710 Put
MDB 16 Feb 24 $290 Put
MDB 1 Mar 24 $295 Put
NVDA 16 Feb 24 $425 Put
NVDA 9 Feb 24 $430 Put
PANW 16 Feb 24 $260 Put
PANW 16 Feb 24 $290 Put
PANW 9 Feb 24 $270 Put
SOXX 16 Feb 24 $520 Put
TSLA 1 Mar 24 $135 Put
VAC 16 Feb 24 $70 Put
Needs Attention
There are no trades in the portfolio that currently need attention.
Thank you once again for being part of Constant Cash Flow. And stay tuned for plenty of new money-making trades to come soon to take the place of expiring options.
If you're new to Constant Cash Flow, here are a few resources for you:
I highly recommend reading your Quick-Start Guide before diving into your daily trades. To access it, first you'll need to login to TradeSmith Finance here. In this manual, I'll do a deep dive into the emails you'll receive each week, how to set up your brokerage account to trade options, a complete "Options 101" glossary for the Constant Cash Flow strategy, and more.
To view the entire Constant Cash Flow portfolio, visit the Top Trades page on TradeSmith Finance and select "Constant Cash Flow" from the Email drop-down menu.
A full archive of our weekly updates is also available on TradeSmith Finance. Go to the My Services tab, then under Newsletters, click "Constant Cash Flow."
If you have any questions or concerns, reach out to me at emailmikeburnick@tradesmith.com and include "Constant Cash Flow" in the subject line.
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