Money Vikings Investing - Week of 3/17/24

In This Issue: Market Report, Finviz/Sector Analysis, Sentiment Analysis, Earnings for next week, Arugula, Fear and Greed Index,🔥 HotTrades: Closing 2 VZ and CARR calls for profit!

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Mar 16, 2024

A reader wrote in and asked me what I thought about the Reddit IPO. I thought it was hard to tell, but with most IPOs I’ve participated in — I wished I hadn’t. Or at least waited much longer and bought at a cheaper price. This reader wanted to short it. I told them that one can’t short (with options) until there’s an options market for it. And if I were to short it, I’d only do it with the “max loss” low risk options (i.e. buying puts) for a debit. If you sell calls against it and it goes up, then you become Melvin Capital in GameStop, and take on infinite risk exposure.

Greg has been busy with home improvement, be sure to check out our shorts over at https://truewealth.moneyvikings.com and on YouTube!

OK, well that was a fun run! Is it all over now, or are we just taking a little breather?

Finviz Heat Maps and Sector Analysis

The Fear and Greed Index & Market Temperature

The market is decending from Extreme Greed to Greed, 70. The AAII Sentiment indicator declined in bullishness 6% and most of those investors took on a more neutral stance. The VIX continues its ominous slow and steady rise.

Arugula, The Peppery Powerhouse with 5 Surprising Benefits

I realize we are Vikings and we like our meat. But did you know about the great health benefits of fruits and vegetables to our overall health and strength? In fact, research indicates that Vikings had varied diets and were skilled farmers. . . read more. . .

Earnings Next Week

Hot Trades - Closed 2 Covered Calls for March Monthly

Premium Members on substack and discord received instructions for closing 2 more covered calls in March. Will look to open a couple more out to April with these 2 stocks again, as well as perhaps PFE or O if they cooperate.

Covered Call in CARR, Closed
1. Bought to close this CARR short call option fot $5. Profit was $115, Your order to BUY CALL: 1.00 of -CARR240315C57.5 was FILLED. 1.00 filled @ $0.05. Execution Time: 2:06 p.m. ET
Covered Call in VZ, Closed
1. Closed VZ covered call expiring today for $1. Profit about $64. Your order to BUY CALL: 1.00 of -VZ240315C41 was FILLED. 1.00 filled @ $0.01. Execution Time: 1:47 p.m. ET

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