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Breakout Multiplier, The Strazza Letter

Single Day Double Vé

February 7, 2025

We bought some calls in EHang $EH yesterday.

They build autonomous flying cars in China. Some real-life Jetsons stuff.

We also bought some calls in PDD Holdings $PDD.

They are one of the Chinese online retail conglomerates, known in the US for temu.com.

Today, I sold half of both of my positions at double the price I paid yesterday.

Now, this does not mean I think these stocks will go lower from here. I think they’re going higher.

It’s just my rule. I follow it religiously. 

It keeps me in the game. It’s how I keep swinging.

When I sell a double I am effectively earning a risk-free shot at making big profits. No matter what happens, I can’t lose.

But, it’s bigger than that. It’s not about the half position left on the table.

It’s about getting liquid and doing it quickly.

It’s about getting my money back. 

In bull markets I don’t just have cash laying around. I’m invested. 

Breakout Multiplier

Feed the Ducks & Hit ‘Em Straight

January 31, 2025

Nothing beats selling doubles on a Friday. We got 3 today.

Last Thursday, we put a handful of new trades on in NKE, HIMS, and two uranium stocks.

The uranium names got buried with the AI selloff earlier this week. They are clawing back some of the losses the past few sessions and these setups are still very much in play. We bought a little extra time as they are longer timeframe patterns.

As for Nike, it doubled yesterday. I just closed ½ and am letting the rest ride risk-free. If they go to zero I will still make a small profit on the trade.

NKE reports earnings the day before these calls expire in March. With almost two months and a potential catalyst, we’re sitting pretty in these right now.

Next is HIMS where we are in February and March calls. They both doubled today as well.

Here’s what I said about the setup last week: