While the NDQ/DJI, itself, represents a significant trade opportunity here, even more notably, a number of the index components display remarkably skewed "Greeks"! (For example, APPL-GOOGL, CAT-PEP, TSLA-BA, etc..) E.g., It is a rather strait forward process - at these levels - to assemble baskets of stocks (Long) in each index (Short) with rather juicy, +30%-40% near term (<7 months!) profit targets.
All this is a strait forward process - once one starts looking :-)
p.s. Will provide ideas for some of these stock baskets if/as time allows.
All this is a strait forward process - once one starts looking :-)
p.s. Will provide ideas for some of these stock baskets if/as time allows.
Note
Here is the Daily;Note;
While an outright Short Entry into this Spread will soon be appropriate - so watch for a reversal! ...
... The ultimate trade here will be the properly assembled (DJIA) Stock Basket LONG vs. an NDQ (index) SHORT.
(Specific recommendations as time allows - hopefully soon.)
Note
One (simple) example of a [Dow] Stock Basket vs the Nadaq;This example, however, accurately denotes the above mentioned +40% profit potential. (... and on a reasonably short time horizon.)
Note
There is an even richer/better (>50%) profit potential, assembling this same position employing Calls + Synthetic Puts with March, 2024 expirations. (Betas & Thetas are notably worth a look - skewed -, at the moment!)
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.