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Thursday, March 28, 2024

Comment by phil

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  1. phil

    T/Yodi – I agree with you.  Just thought it was a good idea to lay out my own thought process in picking these trades.  

    VLO/Learner – It's way ahead of itself but you'll have to wait for earnings for it to correct, most likely.  Last Q they made a fat $1.91 due to an unusually favorable crack spread and people are extrapolating like that's what they'll earn from now on.  Usually, more like $1-$1.25.  Up 2.25% today on no news at all – it's just a market frenzy but you can always add a few more calls to cover and put stops on your lower ones.

    Again, this is why the market will crash – you can't just randomly price companies up 50% and expect them all to perform for you.



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