Good morning!
Top Trade Members should see today's post for another review of our Income Portfolio and notes about hedging.
Keep in mind we do the same thing with our hedges that we do with our longs - take advantage when they are beaten up to improve our position...
We made an unexpected $23,000 in the Income Portfolio so we take about 1/2 of it to improve our hedges, locking in the other half and protecting the entire portfolio. We'll do the same with the STP as well.
- Carnival (CCL +24.0%) director Randall Weisenburger snapped up 1.25M shares.
- Weisenburger now holds a total of 1.40M shares.
- Carnival's pop today comes with the entire travel sector shooting higher on hopes for a lockdown end.
- SEC Form 4
- Shares of Luckin Coffee (NASDAQ:LK) have been halted for trading with news pending.
- It's already been a very active week for Luckin after its sales fraud disclosure on April 2.
- Previously: Margin calls at Luckin Coffee (April 6)
- Previously: Consumers make mad dash for Luckin Coffee freebie (April 7)
- Theme park stocks are gaining on optimism that stay-at-home orders could be lifted in four to eight weeks as suggested by Larry Kudlow this morning.
- SeaWorld Entertainment (SEAS +12.3%), Cedar Fair (FUN +9.4%) and Six Flag Entertainment (SIX +19.4%) have been trading with at least some risk seemingly baked in that parks might not open at all this summer.
4-8 weeks!!! Geez, how low were expectations if 8 weeks is a relief?
- White House economic adviser Larry Kudlow hopes that four to eight weeks will be the maximum length of economic shutdowns to stop the spread of the coronavirus, he told Fox News.
