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A Look At Letitia James's Lavish Spending

Portfolio Armor's Photo
by Portfolio Armor
Wednesday, Feb 28, 2024 - 0:22
Letitia James and Donald Trump
NY AG Letitia James and President Donald Trump.

The Lady Behind The "Stalinist Nightmare" In New York

In a post last week ("A Stalinist Nightmare In New York"), we quoted erstwhile Trump critic and Northwestern Pritzker School of Law Professor Steven Calabresi's take on Letitia James's fraud case against Donald Trump: 

[New York State Attorney General Letitia] James and Judge Engeron have essentially turned a vaguely worded New York State law into a modern day Bill of Attainder targeted at Donald Trump both for political gain and because they despise his political views and desperately want to call his truthfulness into question as he runs for President of the United States inn 2024. [...]

The civil fraud judgment against Donald Trump is a travesty and an unjust political act rivaled only in American politics by the killing of former Treasury Secretary Alexander Hamilton by Vice President Aaron Burr.  If the New York State appellate courts do not reverse this judgment, the U.S. Supreme Court MUST grant cert on this case and reverse Judge Engeron's outrageous decisions.

Since then, Attorney General James has taken to taunting Trump over the interest he owes on his enormous fine, as he appeals it:

Now, Ms. James's finances have come under scrutiny in an eye-opening thread on X, which we have posted below. Following that, we'll close with a brief trading note about a potential 3x trade in Bitcoin this week. 

How Letitia James Spends Her Campaign Funds 

Disturbing stuff. Let's wrap up on a more positive note with an opportunity for us to make a 300%+ gain on a Bitcoin-related trade this week. 

A Chance To Cash-In On Crypto Mania

We've had three earnings trade exits so far this week:

  1. Put spread on Macy’s (M -2.56%↓). Entered at a net debit of $0.23 on 2/26/2024; exited at a net credit of $0.27 on 2/28/2024. Profit: 17%.

  2. Put spread on Keurig Dr. Pepper (KDP 0.00%↑). Entered at a net debit of $0.40 on 2/20/2024; exited at a net credit of $0.73 on 2/26/2024. Profit: 83%.

  3. Put spread on Urban Outfitters (URBN 0.40%↑). Entered at a net debit of $0.46 on 2/27/2024; exited at a net credit of $0.94 on 2/28/2024. Profit: 104%.

But a trade we placed on a Bitcoin-related company posting earnings after the close Wednesday has the potential for a 300%+ gain, if it works out. 

As our fellow contributing editor VBL noted nearby, Bitcoin hit $57,000 earlier this week (it's over $61k as we type this update). We'll need that mania to hold for a couple more days, but the risk-reward on this one is attractive: heads we win 3x, tails we lose x. You can read about it here.

And if you'd like a heads up when we place our next trades, feel free to subscribe to our trading Substack/occasional email list below. 

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