Are you ready for a behind-the-scenes look at one of the most anticipated IPOs of 2023?  Instacart ($CART), the grocery delivery giant, recently made its debut on the Nasdaq, and the tech world is buzzing with excitement. But there's a twist to this story that might surprise you. CEO's Unconventional Statement In a surprising twist, Instacart CEO Fidji Simo commented on CNBC, revealing a shocking truth about their IPO. Simo boldly declared, "IPO not about raising money, it's about giving employees liquidity." This statement turned the spotlight away from the typical narrative of IPOs being primarily about fundraising. A Unique Approach to Pricing Instacart's IPO wasn't just unconventional in its purpose; the pricing strategy was also unique. The price discovery process was described as "very robust," but it wasn't solely focused on setting the highest price possible for the stock on the first day. Instead, the company had its sights set on lo

Tesla ($TSLA) is riding high with a jaw-dropping upgrade from Morgan Stanley ($MS), catapulting the stock's value by over 22 points.  MS shifted its stance from "Equal Weight" to "Overweight" and set a dazzling price target at $400, hinting at a potential 50% surge from its current standing. What's sparking this surge? It's all about Tesla's Dojo supercomputer, set to revolutionize Full Self-Driving (FSD).  Elon Musk's excitement during the Q2 earnings call, claiming Dojo would make current metrics "look silly," is turning heads. But can Tesla deliver on its FSD promises? While Musk talks of full self-driving this year, skepticism abounds.  The timeline for a Tesla robotaxi service remains uncertain. Amidst these shifts, Tesla is slashing vehicle prices to boost deliveries, prioritizing volume over margins. Musk's gamble is clear: more Teslas now mean more FSD revenue later.  Watch the video for insights into this Tesla surge, brea

The market finally had some movement over the last few weeks and volatility has spiked a bit in the indices. Since I always like to have trades on in indexes, this seems like another good time to throw something on.  We'll go the the index with the highest volatility right now, which is IWM, and throw on a Skewed Iron Condor. A Skewed Iron Condor just means we are moving one side (either the Put Side or the Call side) of the Iron Condor closer to the stock price than the other side.  Why would we do that? We do that if our assumption is that we believe there is a higher chance of the stock price moving in a certain direction. In this case, my assumption is that IWM is closer to its bottom than its top over the next 46 days. With that assumption, I believe there is a better chance it will end higher over the next 46 days than lower.  How do I turn that into a Skewed Iron Condor? Since I believe the stock has a higher chance of moving up rather than down, I will move the Put Sid