June 20 Settles and Update

We apologize for the delay, we had a few technical matters to attend to and we apologize for the delay. First off we have a link to a Zhedge article and if you are a subscriber, we believe you will have access…it touches upon the bid underlying the equity markets has a lot to do with DRIPs programs, 0DTEs (of which we have discussed on numerous occasions) and the new active managed ETFs out there in particular the JPMorgan’s Hedged Equity Fund (JHEQX) and the Global X NASDAQ 100 Covered Call ETF (QYLD). It is an excellent read and here is the link, Zhedge Link to Equity Bid

Alright let’s begin with the Magnelibra MEGA8s where we can see that the option is now assisting the overall tracker. The good thing about these option hedges is you can be active with them, and buy them back before they expire and lock in the premiums sold. Then resell another option. This is our plan on a weekly basis. As many readers know the goal of this Tracker is to see if and when the strength in the MEGA8s diverge (which we are seeing a bit as Tesla and Nvidia outperform) or if and when the bucket starts to materially weaken day to day:

The Tracker since inception is +19.22% and the MEGA8s are +$1.6T in market cap!