Good Morning!
Despite a lot of talk, we still don’t seem anywhere near a deal between the US and Iran, with strikes mainly paused for now. Energy is creeping up but is still quite far from its peaks.
Looking ahead, we have the UK’s GDP growth print tomorrow, expected to show stronger growth than last month, while the US PPI Index is expected to still contract, but by a lesser degree than last month. US retail sales are expected to print strongly, while next week Japan’s GDP growth is expected to be slightly softer but still in growth mode. The main event will be next Wednesday, when we get FOMC minutes, which should shed light on how the Fed is viewing the latest data.
Important Dates
WE CALLED IT
REA
Was +27% for the week and is now +40% since we called the bottom on 29 July (2 weeks ago) and doubled down at $10 vs. $13.57 lastTEAM
+40% for the week (+123% since entry) following strong earningsMSFT
Hit our TP1 of $500. Trimming 25% here.
SHOP
+24% for the week (+33% overall) following strong earnings. Lifting TP2 to $175.LIF
Hit TP1 of $65 prior to earnings sell-off
SPCX — Long
+18%
$110 → $130
Money Glitch Call
XMR — Long
+14%
$355 → $410
Hacker’s conversion
NBIS
+7%
$192 → $205Still running
ARM $320 calls expiring 7/31
+54.75%AMD $600 calls expiring 7/24
+36.53%
IWM $292 calls expiring 7/30
+103.15%LITE $700 calls expiring 7/31
+119.01%
SKHY $140 calls expiring 8/7
+37.27%NVDA $195 puts expiring 8/3
+64.23%META $555 calls expiring 8/3
+58.35%
ADBE $252.5 calls expiring 8/7
+114.47%ARM $300 calls expiring 8/14
+80.63%
SMCI $30 calls expiring 8/14
+110.05%
INTC $90 calls expiring 7/31
+89.13%AVGO $385 calls expiring 7/31
+127.80%
CLS $400 calls expiring 8/21
+68.60%CBRS $200 calls expiring 8/7
+103.37%
MU $800 puts expiring 8/3
+105.43%RKLB $75 calls expiring 8/7
+158.75%ZS $160 calls expiring 8/21
+133.94%
MDB $400 calls expiring 8/21
+425.47%ZS $190 calls expiring 8/21
+95.90%
WIZARD’S WEEKLY MUSING
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