Hedges write-ups

Positions put on to protect the portfolio when the risk of a fall is worth paying for. 2 Tuesday Target write-ups use it, newest first, each with the thesis, why it mattered and what to watch, and where the trade has closed, what came of it from the Track Record.

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  German Stocks (DAX): A Record High Built on Coalition Gossip

  26 February 2025 · Tuesday Target 9/52

  Why the DAX record rally reads as a bull trap: coalition maths, a constitutional debt brake, a stretched chart and the levels on the watchlist.
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  IonQ (IONQ): A Range Built by Tight Money and Dilution

  8 January 2025 · Tuesday Target 2/52

  IonQ (IONQ) framed as a range-bound options play while the Fed drains liquidity, hedge funds go short and dilution caps the upside.

  What came of it: I closed this trade on 11 February 2025 at +66% on the capital at risk.