The best way to sum of this middle of the summer update is in the subject: Bitcoin, Gold and AI. To be more precise, Bitcoin is running and we added Bitcoin ETF calls, IBIT and/or BITX, in anticipation of further rally. Gold triggered fresh Buy Signals on Friday and we are looking to go long calls next week (more below). As for AI, a new name is about to breakout bears monitoring as we enter next week. Details below. CAVEAT: The Fear & Greed Index is at an elevated level, appears to have peaked and has started to drop, all hallmarks of at least a short-term market top. Nonetheless, it is an untradable indicator, better off ignored than acted upon. For our purposes, suffice it to just be aware of it, but don't let it keep you from a good trade on breakout. As I always say: "Risk 50% to make 200% and everything else be damned." Bitcoin I've been all over Bitcoin and its most recent breakout above $112K, so no need to spend more time today. For new subscribers, or if just catching up, see Friday's Into the Close for more details on triggers, targets, and a consideration of what if their right about Bitcoin. BTC Daily BTC Calls - Premium Option Portfolio SLV & GLD SLV Daily Any further strength and move stop up to a trailing 50%. Look for rollover advice in next week's Mid-Week Update. Gold (GLD) As is shown below, GLD triggered a Buy Signal on Friday's Open. We remain Long SLV from early June with soon to be expiring July 18th calls, now up close to 80%: GLD Daily GLD Sep Calls Absent a total give-back of Friday's rally we will be adding the GLD Sep 19th $320C on Monday. . As for SLV, we will decide on Wednesday whether or not to roll over the above July 18th SLV calls into September expiration. NEW PICK PENDING AMD An AMD close above $150 targets $175 which if reached, targets $193, and $200 to boot. We will want in on this run, but require that close above $150 to place our bets on the table. AMD Sep Calls If AMD can close above $150 next week, all of the above are prime candidates to be deep in the money by or before Sep expiration, ranked from top to bottom in terms of likelihood to be up 5X by Labor Day. Active Option Portfolios PRO Service Premium Service
