It was tough to come up with a best idea with so much potentially changing this week ahead after CPI is released but I went with a great defensive name that saw a massive risk reversal this week of 10,000 conracts trying to mark a bottom. I have a way to put on the same trade below while being even more conservative, giving yourself some more time for it to work and getting paid to put it on.
I think regardless of what happens this week, this name should be ok as it isn’t really an interest rate sensitive name. Aside from all that, this company owns a near 10% stake in one of the most exciting names in the market that is up over 100% in the last 12 months.
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