| Editor’s Note: Gold gapped up HUGE today! Geof Smith has you covered on exactly how you should play it! Catch his briefing right here.
Hey y’all,
It’s Friday! We’re all tired and ready for the weekend.
So I’m gonna keep this one pretty short.
Especially because what I’m about to talk about is maybe the most unpleasant topic I can imagine: Nate Tucci being correct.
Now, unfortunately, Nate is right a lot of the time, much to my chagrin.
He’s one of our experts, he’s smart as a whip, and he’s a lot wiser (and older) than he looks, too.
But gosh, it just leaves a bad taste in my mouth having to say “Nate was right…”
I’m just kidding of course! I love Nate and all of our experts here, but Nate and I have a fun “love/hate” relationship, you know?
He threatens to fire me, I make fun of him in a newsletter, then we go to TopGolf together and have a great weekend.
The truth is though, he really is smart as a whip. And he gave everyone here some advice on Monday that I really hope you’re listening to.
Because if I’d listened to it, I’d be a lot better off right now…
You might remember back in Monday’s issue, I talked to Nate about his advice after last week’s market chaos.
And he said these wise words:
“A smart thing to do for options traders might be to just add a week or two to the exp/timeline of their trade to give themselves a little more durability in those scenarios.”
Well, I wish I’d listened…
Last week, I took a little earnings gamble on Disney (DIS).
It was a lottery ticket, a $250 wrap order to see if Disney spiked on earnings, expiration last Friday.
Well… it didn’t… to say the least.
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