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Monday’s Moves for March 25, 2019 as Cannabis Bubble Implodes

Monday’s Moves for March 25, 2019

Dow futures were up ~100 points (per CNBC) after Mueller found no illegal connections between President Trump and Russia. Asian and European investors, though are dumping US futures now. See NQ, ES.

$SPY, SPDR S&P 500 ETF TRUST / H1

Continue steadily accumulating $SPY Puts. Now obviously the weed stock bubble could be at an end. Without easy money on markets to fund debt-ridden cannabis firms chasing market share, $TLRY, $CRON, and others $NBEV could fall.

How about this play: $AMD puts ($25), $ACB $8 puts and $NOK long calls?

$ACB, AURORA CANNABIS INC / H1

Sony $SNE calls are free money? It is a trick.

$EA Puts are free money. Watch $GLUU, $ATVI, $ZNGA, $TTWO.

Macro Watch

The good news is Mueller’s investigation removes some uncertainties.

Fed rate hike is on pause until 2020.

The negatives:

Yield curve inverted (3 year bond yield is higher than that of 10-year)

“Recession” term getting thrown around more often.

Final reminder: Avoid $NIO and buy puts or short-sell the stock. It is not a $TSLA of China, as this weak quarter proves.

$NIO, NIO INC - ADR / H1

What are your trades for Monday?

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