The MEGA8s is Now the MEGA9s and Nvidia Back on Top
CrowdStrike lower after earnings
MTR subscribers, we have decided to now make the MEGA8s, the MEGA9s as its obvious now that this grouping continues to remain in focus for the majority of investors. Anyway we have updated all the data and we are happy to include all 9 of the top MEGA cap stocks into it now. Here is the snapshot of the total market cap of this grouping vs their market cap highs. It is interesting to note how much ground this group has made back from the recent lows:
As far as the MEGA9s Tracker here it is and Nvidia is leading the way now overtaking Microsoft by $3Bn. Also the hedge for this week is the QQQ 527 Calls for Friday’s expiration, we may sell the 533 Calls as well if we can trade up there and $5 or greater:
We hope you guys find this data useful for your own purposes. We hope that our hedges allow you some insight into how you can protect a long only basket of stocks.
Here is the MEGA9 Total Market Cap chart:
In our post yesterday we highlighted the CrowdStrike earnings and noted the ATM Straddle as well as saying this,
“The CrowdStrike $465/$445 put spread is trading $6 so risk/reward is 2.33. If your playing the straddle then you will need a move above $505 or $445, so it seems a directional bet makes more sense here…
Well CrowdStrike is down 6.5% after the earnings report met revenues and topped earnings estimates, but weaker forward guidance dampened the mood thus far,
If you guys did play this put spread, suggest removing half the position on the open and letting the rest ride, but this move if it does hold should provide a decent exit on 50% of your position. Anyway we will play this game again and look at Broadcom which is up big lately and Lululemon on Thursday.
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Magnelibra CTA Trading Sentiment (Our proprietary commodity trading advisory futures market sentiment long/neutral/short market flows indicator)
The only changes is NY moving to 0 or Neutral:
StrategyB/ BTC Trading Tracker (Bitcoin vs MSTR equity, Our MicroStrategy Covered Call Portfolio Tracker, Long 100 shares MSTR and short 1 4 to 10% out of the money call on Monday’s open each week)
This weeks option call sale is the $385Call. Volatility falling off a cliff now -12.5% QoQ:
MSTR premium over outright Bitcoin is 1.78x after adding more BTC yesterday, Their BTC dollar cost average is now over $70k:
As far as Bitcoin the range this week has been tight:
Monero XMR is holding the $341 support level for now and continues to rebound from the recent lows:
Daily Settlement Sheet (Magnelibra’s Futures and Cash bond market coverage of the daily settlement prices and dollar value of the contracts given move)
Bond markets were mixed with a weaker front end, equities all higher with Nikkei off a bit, FX weak, Energies higher and metals lower on the day:
The 5 & 30 Day rolling changes (The last 5 trading days and 22 trading days net changes)
5 day winners:
Crude Oil +4.1%
Silver Futures +4.0%
Copper Futures +2.0%
5 day losers :
Bitcoin Spot -3.5%
Nikkei Futures -1.6%
Ultra-Bond Futures -0.90%
Ok that is it guys!
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