 | Quick Hits (Lite Edition) - Week of 2/20/2023 | | In This Issue: Prepare Now, Market Report, Hot Trades : SPY, XSP, and UNG, Earnings, Time to Invest Like Grandpa? Collecting Comics on a Budget, Health: Intermittent Fasting
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| Prepare Now
Hi <<First Name>>,
We’ve missed you and hope you come back to our Money Vikings discord, read our new ebook, and subscribe to our premium membership which includes investing watchlists, trade ideas, and investing cheat-sheets.
As you know, we are not about “Get Rick Quick” schemes, we take high probability trades based on implied volatility which tends to mean revert. Our investing techniques follow the masters such as Warren Buffett and Ray Dalio. We’re interested in building long term wealth for ourselves and families by taking appropriate sized risks based on our portfolio sizes.
If this is something that interests you, we would love you to checkout our updated blog with articles about Investing, Options Trades, REITs, Real Estate, Budget Wordpress Hosting, ChatGPT, Lifehacks, Collectibles, and more!
Find out more in our discord, The Money Vikings book and our Truewealth blog!
Included below is a light version of the newsletters we send our members weekly.
Best in investing and life,
Greg & Jerry
| | Weekly Market Report | The S&P 500 remains up for the year and continues to trade over the 200 day SMA. We had some wide ranges this week trading as high as 415 and as low as 405. The VIX closed around 20 for the week, however it was petty active, touching as high as 21 and trading as low as 18. The IVR% of the VIX itself was 22.1%. | Indexes and Macro Indicators |  | S&P 500The dotted orange lines in the chart below represented the iron condor I closed this week. |  | Finviz Heat Map | Propped up by TSLA, the Consumer Cyclical did best this week, while energy was down around 5% on a relative basis. |  |  | Bitcoin | A nice pump this week, reaching as high as 25,000 earlier this week. |  | 2 vs 10 Yield Curve | The yield curve continues to trade at an inverted level. Being at multi-decade lows, I entered a new Hot Trade this week, betting we will begin to un-invert. |  |  |  | The Dollar |  | Emerging Markets | Perhaps the 200 SMA will be the support that EMA needs for that bounce. |  | The VIX | Almost identical to how we closed last week, holding a reading above 20. Nevertheless, the VIX had a lot of volatility itself this week. |  | | |  | Hot Trades - SPY Iron Condor (CLOSED FOR PROFIT) |  |  |  |  | Trade #1: Close SPY IC. With the moderate decrease in volatility during the middle of this week, I decided to close my SPY Iron Condor for 19% of the maximum profit, or $31. (Image #1 above). Usually I go for $83 (or 50%), but I felt that volatility had gotten fairly low, and wasn’t going much lower so I thought I would take the opportunity to close the March Iron Conor in SPY for a profit.
To close the SPY Iron Condor For a 1.38 debit: Trade #2: After a member pointed out the high IVR% in UNG (Natural Gas) this week I decided to also add a ratio spread. UNG is already very low and there is no risk to the downside in this trade. Should UNG reverse and head towards $9 on or before April 21st, I can make up to 1.42. My break even on the top is 10.50, and after that I’d be obligated to purchase 200 shares of UNG for whatever it’s trading at. Alternatively, I could close for a loss. My plan is to collect around 30-50% of profit and exit the trade quickly before I run into any sort of breach of the break even.
To Open the UNG Ratio Spread for a .50 credit:
Other trades from this week: Opened a new “SPY-like” Iron Condor in April using XSP, the “Mini” S&P 500 Index. (See Image #3 above, and note the 41.3% juicy IVR%). Strikes for Premium Members, but hint, you can probably figure it out from the XSP image above! Collected 1.64cr on entry. $38 profit in a 2nd Amazon covered call at the 105 strike. Closed for a 2.04db leaving me with $38 profit. Opened a long 10 year short 2 year pairs trade, betting the yield curve would start to steepen. Reset a Poor Man’s Covered Call in WBA Did a Bearish QQQ Put/Debit Spread, recommended by our friends over at the Antagonist.
| | |  | | | | Earnings Next Week | Next week we’ll be watching TJX, NVDA, Home Depot, Walmart, Coinbase, Moderna, Intuit, and Dominos. Join our discord where we’ll be calling out trade ideas. |  | |
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Time to Invest Like Grandparents? |  | | |
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Collectibles - Collecting Comics on a Budget |  | | Health - Intermittent Fasting |  | | |
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All rights reserved. Money Vikings, LLC is neither an investment or financial advisor. Money Vikings, LLC does not provide financial advice and none of the information being provided is to be seen as such. This is to include, but not limited to, any articles, videos and/or any other social media outlet presented by Money Vikings, LLC. All content is the opinions, beliefs, and personal strategies of the author(s) and owner(s) of Money Vikings, LLC (Greg and Jerry). Money Vikings, LLC recommends that everyone do their own research, technical analysis, and develop their own conclusions, prior to initiating any trade activity supported by their own understanding, abilities, and risk tolerance. All trades carry inherent risk and proper risk management strategies should be used accordingly. Money Vikings, LLC does not guarantee results and is not liable in any way for losses incurred by any person or organization. Periodically, we may highlight services we are using and may receive compensation from their respective affiliate programs. |
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