A problem we've posted about here before is the impact of affirmative action and DEI ("Diversity, Equity, and Inclusion") on America's institutions. For example, last month, we talked about how this is impacting aviation.
This week, Revolver has an exclusive on the impact this ideology is having in our legal system and government. Dr. Darren Beattie, the founder of Revolver, was kind enough to let us excerpt it below. Before we get to it, we have a brief earnings trade update.
Earnings Trade Performance Update
Since we mentioned entering earnings trades in our posts earlier this week, here's a quick update on how we've done on the ones expiring today.
Call spread on Lucid Motors (LCID -1.95%↓). Entered at a net debit of $0.24 on 2/20/2024; expired worthless on 2/23/2024. Loss: 100%.
Call spread on Wayfair (W 6.21%↑). Entered at a net debit of $0.40 on 2/20/2024; exited at a net credit of $0.50 on 2/22/2024. Profit: 25%.
Call spread on Carvana (CVNA 8.64%↑). Entered at a net debit of $0.90 on 8/21/2024; exited at a net credit of $1.98 on 2/23/2024. Profit: 120%.
Call spread on Nvidia (NVDA 6.15%↑). Entered at a net debit of $2.10 on 2/20/2024; exited at a net credit of $4.74 on 2/22/2024. Profit: 126%.
If you'd like a heads up when we place next week's trades, feel free to subscribe to our trading Substack/occasional email list below.
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