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"Tony The Tiger" - A Food Stock

The mood of Wall Street is now changing as the reality of tariffs is starting to kick in. Two weeks ago not so much so. Kelloggs had "so-so" earnings come out a few weeks ago and the stock exploded upwards. Note the very last line above mentions the effects of tariffs are not taken into consideration. So many stocks with "so-so" earning reports have jumped in price based on the "lets make America great again" slogan. Deere stock is shooting to the moon as I keep writing about in spite of declining sales in the last quarter. The sentiment seems to be that they are immune to tariffs. On paper they might be. Read this. Americans are struggling to buy gas, eggs and insurance. Total housing starts in the U.S.in 2024 were down 3.9%. Walmart, the recent darling stock in the last four weeks for Call option players woke up this morning with an earnings report which was healthy but with came with some caveats. Here is what happened. Perhaps the U.S. is starting ...
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The QQQ's Again

Back on July 26th I wrote a blog on trading the QQQ's. There is nothing magical about trading them, you just type in QQQ and follow the promps like any other stock. It's options on a basket of stocks. Stocks like Apple and the like. Pick whatever the day you want your series to expire. I like buying a few days time. Sometimes the markets lose their strength around noon on Fridays. It happened today. Here is it's five day chart and you can see the market selling off on Friday afternoon.
So here is the trade I made today.
I was in this position for 2.50 hours. You can see I bought an Aug 8th series so that would have given me until Tuesday. I got in at 11:53 a.m. It was an easy chart to play on the downside. Now I want to point out how this is a trading vehicle many traders recognize. Look at the closing summary of this series of Puts. There is something about it which stands out.
Notice the open interest of 1,771 and the trading volume on the day of 31,765. These are hot potatoes and taking a profit on a Friday afternoon is always a logical thing to do.

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