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Trade for the week of 08/23/2024
#1 · 19 August 2024, 8:52 am
US stocks are broadly steady today, with the S&P 500 rising 0.2% and the Dow Jones gaining almost 0.4%, as investors await Fed Chair Jerome Powell's speech at Jackson Hole this Friday. We think it will be a general good week for stocks, but luckily our stock picking strategy doesn't depend on it.
Our pick this week is:
Stock | Call/Put | Expiration Date | Contracts | Strike | Premium | Cashflow | Percent |
TSLL | Put | 08/23/2024 | 1 | $9.0 | $0.07 | $7.00 | 78% |
Total cash flow so far: $147.00
And our expected yield for the year: 23.16%
