Correction - SPY

Live Trade Idea targeting triple-digit returns. Plus, a great read on AI and what it might mean for NVDA. Critical Thinking Hi , I just want to make a correction on the "August 19th" date. Expiration is on Friday, August 16th. ***** I hope you're doing well. Let's start with an MGM update... MGM BTIG [initiated coverage]( on MGM this week stating what we already know: The stock is cheap. Analysts around Wall Street are doing a sum-of-the-parts analysis and coming up with the same conclusion. The risk is a deep recession, which is not completely out of the question. But I suspect MGM's next stop is $46. Your Next Trade Idea? This is a Trade Idea no one wants to hear, and exactly why you should pay attention. I want you to think about a hedge. At OptionsGeek, we hedge with ETF puts and some puts on individual stock names. Currently, SPY put options are giving you a great price. Consider looking at the SPY August 16th $535-$550 Put Spread for $2.75 with the SPY $554.64. More specifically: Buy 1 SPY August 16th $550 Puts for $5.00 Sell 1 SPY August 16th $535 Puts at $2.25 The maximum it can be worth is $15. So, the payout is 4.45 to 1 at $535 or below at expiration. Read This This is a short but great article, ["AI's $600B Question,"]( written by Sequoia Capital's David Cahn. It questions the AI revenues not matching the huge investment being made. It's articles like this one that can help shape your next move. Remember, critical thinking is important as stocks make new highs. Has the AI trade gotten too far ahead of itself? If so, what does that mean for the space and its leader, NVDA? We shorted NVDA a few weeks ago, partially based on this type of thinking. Definitely worth the read. Are You ready? At OptionsGeek, I am trying to teach you how to think for yourself with a process to filter down information that makes it easier to see the big picture. So, if learning how to find Great Options Trade Ideas or you just want to tighten up your investment process, then this Winning Picks Premium package is a tremendous opportunity for you. It's an an Unbeatable Offer of: 💡 Premium Trade Ideas 📖 Groundbreaking Education 🛠Premium Tools 🗞 A Trade Idea Newsletter 📣 Trade Idea Forum ‼️ PLUS a free 1hr of 1-on-1 Coaching (Opening 2 slots open) [JOIN NOW]( All the best, Felix P.S. If you have any questions, reach out by replying to this email. I am here to help. Felix Frey Creator of OptionsGeek felix@optionsgeek.com DISCLAIMER: Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options involve risks and are not suitable for everyone. Prior to buying or selling options, an investor must receive a copy of Characteristics and Risks of Standardized Options. Copies may be obtained by contacting your broker, The Options Industry Council at One North Wacker Drive, Chicago, IL 60606, or by visiting www.OptionsEducation.org. Felix Frey and OptionsGeek, LLC. are not registered as an investment adviser nor a broker/dealer with either the U.S. Securities and Exchange Commission or any state securities regulatory authority. All users of this Content and/or the OptionsGeek.com website must determine for themselves what specific investments to make or not to make and are urged to consult with their own independent financial advisors with respect to any investment decision. The viewer bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. All opinions, analysis and information included on this Content and the OptionsGeek.com website are based on sources believed to be reliable and written or produced in good faith, but should be independently verified, and no representation or warranty of any kind, express or implied, is made, including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, Felix Frey and OptionsGeek, LLC. undertake no responsibility to notify such opinions, analysis or information or to keep such opinions, analysis, or information current. Also be aware that owners, employees, writers, or producers of and for OptionsGeek, LLC. may have long or short positions in securities that may be discussed on this Content or on the OptionsGeek.com website. Past results are not indicative of future profits. Felix Frey and the principals and/or employees of OptionsGeek, LLC. may hold securities of companies mentioned on the Content. Neither Felix Frey or OptionsGeek, LLC. is receiving any compensation from any company referenced in the Content. 244 Fifth Avenue Suite F236 New York NY 10001 USA [Unsubscribe]( | [Change Subscriber Options](