MAG7 --> BAG7
Q4 Earnings Review
*Some admin first: Some readers have experienced issues with Stripe and Substack payments. The direct links below should work:
With that out of the way, lets get going. I wanted to highlight once again the peculiar behaviour of market participants (aka “the monkeys”): they are still obsessed with NVDA and the Bag7, whereas the stock performance of those stocks has been … meh.
For example, NVDA share price has gone nowhere since … June 2024! In fact, when we bought puts on NVDA on the Deepseek news (24th Jan), the stock was at $147 and we closed them when the stock was $114 (3rd Feb)…that’s the same price NVDA was on May 2024!
After that beautiful dip (and cover!), the monkeys couldn’t help themselves and they once again ramped NVDA back above >$130. I’m not complaining. In fact, I’m excited at the boundless opportunities on offer by this Market…
