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Trade Alert - (CCI) July 11, 2024 - BUY

Trade Alert

When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.


Alert

 

Trade Alert - (CCI) – BUY

BUY the Crown Castle International (CCI) August 2024 $90-$95 vertical BULL CALL debit spread at $4.20 or best

Opening Trade

7-11-2024

expiration date: August 16, 2024

Portfolio weighting: 10%

Number of Contracts = 25 contracts



The writing is not only on the wall right now, it’s blasting us with great neon lights. That was the message this morning from the Consumer Price Index, which this morning delivered a gob-smacking 0.1% DECLINE in June.

As a result, a Fed interest rate cut of 25 basis points is now a certainty and all falling interest rate plays in the stock market are in play. Rising rate plays and flat technology could be the trade for the rest of 2024.

It is all very positive for big borrowers like (CCI).

This is all on top of a major rotation in the market underway, out of technology stocks that have been leading all year into interest-rate stocks. We have already seen major upside breakouts in gold and silver and copper is jumping on the bandwagon.

If you can’t do options, buy the stock. My long-term target for (CCI) is $150, up nearly 50% from today’s $101.

Therefore, I am buying the Crown Castle International (CCI) August 2024 $90-$95 vertical BULL CALL debit spread at $4.20 or best.

Don’t pay more than $4.50 or you will be chasing.

The bull case for Crown Castle International is simple. Falling interest rates will bring huge cost reductions for heavy borrowers like (CCI), a REIT (Real Estate Investment Trust) that builds 5G cell phone towers. It is highly sensitive to any move in interest rates. It also has an incredibly generous 6.62% dividend yield and is effectively a quasi-bond.

For details about SPDR Gold Shares (GLD), please visit their website here.

This is a bet that the (CCI) will not fall below $95 by the August 16 option expiration in 26 trading days.

Here are the specific trades you need to execute this position:

Buy 25 August 2024 (CCI) $90 calls at………….………$14.00

Sell short 25 August 2024 (CCI) $95 calls at……..….…$9.80

Net Cost:………………………….………..………….…............$4.20

Potential Profit: $5.00 - $4.20 = $0.80

(25 X 100 X $0.80) = $2,000 or 19.05% in 26 trading days.

 

 

 

 

 

If you are uncertain about how to execute a bear put options spread, please watch my training video by clicking here.

The best execution can be had by placing your bid for the entire spread in the middle market and waiting for the market to come to you. The difference between the bid and the offer on these deep-in-the-money spread trades can be enormous.

Don’t execute the legs individually or you will end up losing much of your profit. Spread pricing can be very volatile on expiration months farther out.

Keep in mind that these are ballpark prices at best. After the alerts go out, prices can be all over the map.

 

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https://www.madhedgefundtrader.com/wp-content/uploads/2016/02/Alert-e1457452190575.jpg 135 150 april@madhedgefundtrader.com https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png april@madhedgefundtrader.com2024-07-11 12:38:202024-07-11 12:48:23Trade Alert - (CCI) July 11, 2024 - BUY

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There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

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