Trade Findings and Adjustments 11-07-24

Trade Findings and Adjustments 11-07-24

Keve Bybee – keve@hurleyinvestments.com
What’s going on in our market?
– Setting new highs after election
– What’s next?
– TODAY: FOMC meeting which we’ll likely get a rate cut. Probably
a 25 BP cut
– Waiting to see the reaction to the rate cut today
Trades?
– MU still looks like the best opportunity for a bullish trade in a
bullish market
– LEAP MU CALL out 1 yr. 115 or 120 strike
– MU Bull CALL 115/130 $8.80 -$3.90= 4.90 total debit with $15 of
upside – 4.90 = 10.10
– BIDU: China is flooding their economy with cash. QE: quantitative
easing. This should more than compensate for tariffs