LOTTERY TRADE - 6/2/2023 - AI

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No explanation needed for what AI is. Or the stock. This is what I am doing and I don't recommend for anyone else.

THESIS:

This is an INTREND reversal trade. Reversal has been confirmed. Its also a way to get short if you think the market is ripe for a pullback.

The chart:

Therefore, I will be only doing a VERY SMALL position - like 5 contracts.

UNDERLYING:

ENTRY PRICE: 31.84

STOP PRICE: 34.50 (Green line)

TARGET: 27 (Blue line)

OPTION:

CONTRACT: JUNE 30PUTS FOR 2.20-2.25

IF STOPPED: calls would be worth .95, loss of 56%

TARGET: calls would be worth 4.20 at 27, gain of 96%

MY PLAN:

I will watch on Monday and update.

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This is not investment advice. Nothing in this document should be construed as investment advice. The opinions offered are the Author's only. This document is for entertainment purposes only. Always consult with your advisors before investing any money. Readers of this document agree that they will not use this information to make investment decisions.

DO ATTEMPT TO FOLLOW THE AUTHOR'S INVESTMENT, IF ANY. THE AUTHOR MAY OR MAY NOT INVEST IN ANY COMPANIES LISTED IN THIS DOCUMENT. THE AUTHOR IS NOT A REGISTERED INVESTMENT ADVISOR AND DOES NOT HOLD THEMSELVES OUT AS ONE. THE AUTHOR IS NOT A REGISTERED REPRESENTATIVE AND DOES NOT HOLD THEMSELVES OUT AS ONE.

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