Last week we talked about how trading volume for stock options is on pace to eclipse total stock trading volume for the first time in over two years. As I pointed out, that's a sign of excessive speculation in markets.
Well, here's another: Moving from options over to the futures markets, trading activity there is also at speculative peaks. How long before this bullish party ends? Be sure to check out my video below for details from the futures market, historical market trends, and what they mean for stocks going forward.
Constant Cash Flow members have now closed out 344 winning trades out of 347 total closed trades since we launched Constant Cash Flow. And that adds up to an enviable 99% win rate!
Plus, this week, we have eight additional put option trades on track to cash out as winners today at the close. Since markets are closed tomorrow for Good Friday, expiration day comes early!
Be sure to check out the full list of trades ready to cash in and holding steady shown below. You can access your Constant Cash Flow portfolio here. Be sure to select "Constant Cash Flow" from the Email drop-down menu.
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 by expiration date, then alphabetically by ticker.
Getting Ready to Cash In
Markets will be closed tomorrow, Friday March 29, for Good Friday. As a result, options contracts expire a day earlier this week. The following trades are right on track to expire out of the money today (March 28, 2024) ...
AAP 28 Mar 24 $61 Put
GE 28 Mar 24 $135 Put
META 28 Mar 24 $395 Put
MSFT 28 Mar 24 $350 Put
NVDA 28 Mar 24 $710 Put
PANW 28 Mar 24 $250 Put
SMH 28 Mar 24 $194 Put
TSLA 28 Mar 24 $140 Put
Holding Steady
The following trades continue to play out just as we hoped ...
AVGO 5 Apr 24 $1200 Put
CHTR 5 Apr 24 $255 Put
META 5 Apr 24 $415 Put
META 5 Apr 24 $425 Put
MSFT 5 Apr 24 $345 Put
TSLA 12 Apr 24 $125 Put
CAT 19 Apr 24 $300 Put
CHTR 19 Apr 24 $250 Put
ELF 19 Apr 24 $160 Put
GE 19 Apr 24 $155 Put
LLY 19 Apr 24 $620 Put
META 19 Apr 24 $415 Put
NOW 19 Apr 24 $650 Put
NVDA 19 Apr 24 $720 Put
RMD 19 Apr 24 $155 Put
RMD 19 Apr 24 $160 Put
WING 19 Apr 24 $270 Put
Needs Attention
There are no trades in the portfolio that currently need attention.
Thank you as always 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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