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Thursday, July 24th

“A gentleman is someone who can play
the accordion, but doesn’t.”

–  Tom Waits

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Markets Today

🌏 Asia-Pacific: Up

🇪🇺 Europe: Mixed

🇺🇸 United States: Mixed

🛢️ Oil: Up

⚡Crypto: Up

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Has this Magnificent 7 stock lost its luster?

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Major Market Events 

• Tesla sinks after earnings miss — Musk’s warning about future growth rattles investors despite strong recent momentum
• Columbia to pay $200M to settle Trump-era research grant dispute — University avoids years of litigation by agreeing to return federal funds
• UnitedHealth stock drops on DOJ probe — Shares slide after company confirms cooperation in federal investigation into Medicare billing

🤔 My Thoughts

The meme stock madness is back.

OPEN ripped 900%. Donut stocks like Krispy Kreme (DNUT) popped. Even Kohl’s had a random moment in the sun.

We were all laughing about it on the latest Profit Panel — because yeah, it’s fun to watch…

But chasing this stuff? That’s a fast way to lose your account.

While the crowd was YOLO’ing into pump-and-dumps, Chris Pulver walked us through a smarter, more structured way to trade the week:

He set up a two-part Tesla trade that gives him a shot at fast income — and a backup plan if the stock moves against him.

Here’s how it works:

🔹 Part 1: A Simple Credit Spread for This Week
Chris sold a $332.50/$330 bull put spread on Tesla — expiring this Friday.
He collected $1.20 in premium.
If Tesla stays above $332.50? He keeps the cash.
If not? He takes the loss and moves on.

🔹 Part 2: A “Plan B” Spread With a Twist
Same trade structure — same strikes — but this one expires August 8.
He collected $1.25 in premium up front…
But here’s the twist:

If Tesla sells off and he gets assigned the shares, he plans to cash in the long put to lower his cost basis, then sell covered calls to repair the trade.

That gives him a path to recover — and possibly profit — even if the stock tanks.

He’s used this method all year to stack gains on Tesla. His words:

“Own it. Repair it. Flip it for a win.”

Make sure to join us for the next LIVE show tomorrow at 11am Eastern! if today’s anything like the last one, it’s going to be packed with hot trades and real talk.

Register your spot here to join us next time we go live!

To Better Trading,

Alex Reid

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