NFLX & IBIT Expirations Congrats to all who stuck it out with these two picks from late May and early June. I'm also mindful that we also had some -50% stinkers for July, so I'm in no way beating my chest here. August beckons, let's look forward and use these two as examples of what happens when we get it right. No rollovers, yet, but I still think BTC is going lower. Magnificent Seven This has the makings of a market debacle. Note how the Roundhill Magnificent Seven ETF is tracing out an EW pattern to the downside combined with today's opeing gap down, typical of the beginnings of third waves. It is a pattern that demands our attention and a few puts to boot. Any close below today's low, currently 66.33, and we want to own the August $65P,, currently bid 1.35 ask 1.60. MAGS A break below today's low (blue uptrend support line) would highly suggest lower support line will be tested next, currently around 62. Below that, Wave 3 is targeting below 60 and Wave 5 into the low 50's . MAGS Aug Puts
