The PRO portfolio has four July expirations that will need to be addressed between now and expiration. There is nothing to do immediately, but, over the next couple of weeks we will start looking out to August and September, not only for these existing postions, but for new opportunities as per market dictates. Of these four, only the Q's have had their standing 50% tailing stops subject to early stop-outs. Yet, that is the one trade, i.e., short the Q's, that stands out as having the most potential this summer. Stand-by for new recommendations to extend our short-Q's positioning in the days ahead. AAPL 2-Day Next leg down should take all of Nasdaq with it. QQQ Daily The one real disappointment of these four Active positions. Not to worry; we are not done yet with Q puts. 100 points lower, still to come, by September. Advice: On any break of today's low tick, 702.81, add more July 675P. Starting July 1st, we will look to August/September expirations for downside positioning. NFLX 2-Day About a $20 window for NFLX's ultimate low tick. IBIT Daily It's no surprise that short-Bitcoin has been our best performing positioning over the past month. I covered it in detail in Wednesday's Premium Service update. Bitcoin Short Positions - Premium Service LULU Weekly LULU is one of Michael Burry's favorite Long ideas. He has been buying since at least January, all the way down from $200 to its current $115. My parallel channels on this Weekly chart has kept me safely on the sidelines since monitoring his portfolio all year long. That may be about to change. It would take Weekly close above $120 to get my attention and a possible call pick. For now, still standing aside.
