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Trade for the week of 09/20/2024
#1 · 16 September 2024, 9:03 am
Did we get lucky last week? Let us know what you think. This week the tech sector is under pressure due to concerns about Apple's iPhone 16 sales, while investors await the Fed's first rate cut in 4 years on Wednesday.
Our pick this week is:
| Stock | Call/Put | Expiration Date | Contracts | Strike | Premium | Cashflow | Percent |
|---|---|---|---|---|---|---|---|
| BOIL | Put | 09/20/2024 | 1 | $8.0 | $0.04 | $4.0 | 50% |
Total cash flow so far: $159.00
And our expected yield for the year: 22.35%
