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Thursday, June 29th at 4:30PM ET
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Bonus: All attendees that stay until the end will receive a copy of Wendy's ebook, "Ten Tips for Talented Traders"
Take-Two Interactive (TTWO) could push even higher.
All on the news the company could have a very profitable 2024, says the company, which hints that Grand Theft Auto VI will soon see the light of day.
TIn fact, in a TTWO press release, it noted, “We believe that we will enter our next phase of growth in Fiscal 2025, as we plan to deliver several groundbreaking titles that we anticipate will set new standards of quality and success and enable us to deliver over $8 billion in Net Bookings and over $1 billion in Adjusted Unrestricted Operating Cash Flow. We expect to sustain this momentum with additional growth in operating performance in Fiscal 2026.”
In the world of elementary school arithmetic, we all learned that when you multiplied a negative number by another negative number, the resulting product was a positive number.
This concept has a loose link to the strategy we’re going to look at. We are going to combine short selling - a strategy that we have had make money in a negative market environment, with a put option - which we’ve had increase in value in a negative market environment, to come up with an overall option strategy that makes money in a positive market environment!
That is, we are going to combine two negatives to create a positive.
What we’re going to do is sell short a put option. When you sell short a put, you make money if the underlying asset increases in value or if it stands still. Here’s why:
Remember that when you sell short, you make money if the “thing” you’ve sold short declines in price. That’s because if it drops in price, you can buy it back for less than what you sold it for. That is, you’ve bought low and sold high. Only you bought and sold in reverse, selling high first and then buying low.
Elite Wall Street trader, Joe Duffy, is allowing a limited group of future-elite investors into his masterful daily trades at thousands of dollars less than what others charge.
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