Friday, July 3, 2026

The 60-minute window you keep missing

(It opens every day at the same time)
͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

You don't need to trade all day.


You need to trade the right 60 minutes.


Every single trading session, the market hands you a window. Stocks rip. Volume floods in. Patterns print with clarity you won't see the rest of the day.


Outside that window, the game changes. Volume dries up. Moves get choppy and slow. Setups that looked clean at 9:45 AM look completely different at 2 PM.


The traders grinding all seven hours aren't doing themselves any favors. They're wearing themselves down and taking low-probability trades in a low-probability time window.


Your job is to show up for the window that matters. Prepared, focused, and ready to execute.


Everything else is noise.


This is the exact time of day stocks go parabolic.


Cheers,

Tim Sykes





Millionaire Publishing, - · Florida · Miami · 00000 · United States

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Brussels Edition: NATO prep

Alliance members have been wrangling over a summit statement ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌
Read in browser

Welcome to the Brussels Edition. I’m Suzanne Lynch, Bloomberg’s Brussels bureau chief, bringing you the latest from the EU each weekday. Make sure you’re signed up.

With just four days until the NATO summit in Ankara, allies have been struggling to coalesce around some of the key details of a planned joint statement, our team reports.

Diplomats at the military alliance’s headquarters in Brussels have been working overtime, despite officials initially having appeared to have agreed on the text of a short communique they hope to endorse at the July 7-8 gathering hosted by Turkish President Recep Tayyip Erdoğan.

Fresh from talks this week with NATO Secretary General Mark Rutte in Berlin, Chancellor Friedrich Merz welcomed Baltic leaders to the German capital today as preparations for the summit move into high gear.

Mark Rutte, secretary general of the North Atlantic Treaty Organization (NATO), left, and Friedrich Merz, Germany's chancellor, at a news conference following a cabinet meeting in Berlin, Germany, on Wednesday, July 1, 2026. Germany is seeking co-operation with the US on weapons production. Photographer: Krisztian Bocsi/Bloomberg
NATO Secretary General Mark Rutte, left, and German Chancellor Friedrich Merz at a news conference in Berlin, Germany, on Wednesday, July 1, 2026.
Photographer: Krisztian Bocsi/Bloomberg

Merz pushed back against comments posted yesterday by NATO skeptic Donald Trump, in which he suggested the relatively small amount Germany has been spending on its military compared with the US was “ridiculous.”

Trump’s social-media outburst came after the resignation this week of the top US commander for Europe and Africa — the latest Biden-era appointee to depart — sent another signal that the president is determined to scale back the US defense commitment to the continent.

“Germany is doubling its defense budget within the period of four years,” Merz told reporters. “So we don’t need to hide from anyone.”

Disagreement on the summit declaration spans a range of issues, sources tell us. Poland wants the alliance to finance the eastward extension of NATO’s Cold War pipeline network, which connects military facilities in western Europe.

Turkey is also competing for attention and funding for its own pipeline plans as part of NATO’s $28 billion infrastructure overhaul to enhance the alliance’s fuel security.

Separately, Italy has sought to water down the statement’s pledge to give Ukraine military aid through the end of next year, while Prime Minister Donald Tusk warned today that Poland should be cautious in pledging further financial aid to the government in Kyiv.

A draft of the statement said allies would offer Ukraine €70 billion in 2026 and 2027, we report. However, that doesn’t include any new commitments, instead representing NATO’s previous €40 billion annual pledge plus €30 billion each year from an EU loan.

The Latest

  • ECB President Christine Lagarde declined to rule out leaving her current position early to participate in French politics, telling Les Echos “it’s possible” and that she believes “a European voice needs to be heard in the French presidential debate.”
  • The ECB is in a comfortable situation after last month’s interest-rate increase as the falling oil price eases price pressures in the euro zone, Governing Council member and Bank of France Governor Emmanuel Moulin told Bloomberg.
  • Moldovan Prime Minister Alexandru Munteanu resigned after just eight months in office as a corruption scandal involving a state-owned air traffic management company rocks the tiny nation wedged between Ukraine and Romania.
  • The video-game industry is bracing for a wave of European regulations that could limit kids’ access to some video games, potentially crimping sales across the globe.
  • Money managers in Europe won’t have to report ESG data on all the assets they hold, under revised disclosure requirements made public today.
  • The UK is pushing to participate in some EU meetings as the two sides try to reset a post-Brexit relationship, causing friction between British officials and their former colleagues in the bloc’s administration.

Seen and Heard on Bloomberg

Watch Now Watch now

French Finance Minister Roland Lescure said he will push for a spending package for next year that achieves a further improvement in public finances and gets the deficit under 5% of GDP. Lescure told Bloomberg TV he intends to present a budget bill by September and he expects parliament “most likely” will approve it. “I want 5% and I hope we will reach 5%,” he said. “And I want to make sure that next year we have a budget that brings us below 5%.”

Chart of the Day

The Danish krone is trading at all-time lows against the euro, fueling speculation the central bank has shifted its strategy for defending its peg. Nationalbanken has historically intervened in the market when the krone dropped below 7.47 per euro, but has recently allowed it to decline beyond that level. Last week, it reached an all-time low of 7.4758 per euro, and is currently trading around 7.4746. Denmark has kept a currency peg since 1982 — first to the German mark and then to the euro from 1999.

Coming up

  • Visit of EU College of Commissioners to Cork, Ireland continues today
  • EU Commissioner for the Mediterranean Dubravka Šuica visits Cairo, Egypt this weekend
  • Les Rencontres Économiques conference continues in Aix-en-Provence tomorrow

Final Thought

Europe is on high alert for wildfires after record-breaking heat waves and scant rainfall turned forests and fields into tinderboxes, with forecasters warning that more extreme conditions are on the way. More than 2,000 firefighters are battling to contain blazes that have ravaged homes and campsites in southern France, forcing thousands to evacuate. Fire crews made progress overnight on one of the largest outbreaks, which has burned more than 12 square kilometers in the Mediterranean departments of Hérault, Aude and Bouches-du-Rhône.

A firefighter truck on burnt woodland following a wildfire in Fontjoncouse, Aude, France, on Friday, Aug. 8, 2025. Firefighters say they’ve made progress containing France’s worst wildfires in more than seven decades, with light rain providing a chance to contain the blazes before temperatures rise again in the coming days. Photographer: Angel Garcia/Bloomberg
A firefighter truck on burnt woodland following a wildfire in Fontjoncouse, Aude, France, on Friday, Aug. 8, 2025.
Photographer: Angel Garcia/Bloomberg

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The Secret to Choosing the Right Option

Trading With Larry Benedict
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Managing Editor’s Note: According to Larry, there's an emergency forming in the U.S. dollar right now…

And he believes July 24 could mark a brutal turning point for stocks, putting investors’ money at risk.

That’s why Larry just recorded an emergency briefing. In it, he explains exactly what's happening, what’s got him so concerned, and what to do about it.

Be sure to go here and watch it, so you can act before July 24 hits.

The Secret to Choosing the Right Option

By Larry Benedict, editor, Trading With Larry Benedict

Time decay is one of the most fundamental concepts in trading options.

That’s why it’s one of the first things we learn about when we’re starting out.

You’ll hear option traders refer to time decay as “Theta.” Whether you’re buying or selling an option, one thing is constant: time is ticking away.

For a buyer, that means the longer it takes for the anticipated move to play out, the lower the chance of making a profit. That’s because time decay (or Theta) erodes a bit more of the option’s value every day (weekends included).

The other critical point is that time decay doesn’t happen in a straight line… it accelerates the closer it gets to the option’s expiry.

So, even if the underlying stock makes a big move late in the option’s life, it still might not be enough to offset the value that’s already been lost through time decay.

That’s why, to avoid being on the wrong side of time decay, traders often look to option writing (selling to open) strategies instead.

By writing an option, you’re making time decay work in your favor…

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After a Four-Year Wait, Jeff Brown Says It’s Finally Time: Buy These Biotech Stocks Now

On July 23, a historic convergence is set to usher in “the golden age of biotech.” Jeff’s created an AI trading system to help you spot the next generation of winners before they shoot up 25%, 77%, 108%, 432%, and more – sometimes in as little as a day. For a limited time, he’s sharing everything in The Biotech MomentWatch the replay here.


But Which Option to Write?

While writing an option enables you to capture time decay, it’s not always clear which option you should write (sell).

And it’s here that an option’s strike price is so important. The option’s strike price is the price at which the option buyer can exercise their option.

So, for example, if you write (sell to open) a call option at $50, you must hand over your shares at $50 if the option is exercised before the option’s expiry.

So, let’s consider one of the most popular option writing strategies – a covered call – to see what I mean.

A covered call is where you sell (write) call options over shares you own to generate income.

If you write a call option that’s well out-of-the-money (OTM) – where the option’s strike (exercise) price is a long way above the current share price – there’s relatively little chance that it will finish in-the-money (ITM) and be exercised, meaning you have to hand the shares over.

That can be a positive if you want to keep your shares long term and are worried about being exercised. However, the downside is that you’ll likely generate very little income…

The further you write your call option above the current stock price, the less valuable that option is.

On the other hand, if you write a call option that’s ITM – that is, the call option’s strike price is below the stock price – you’ll generate far more premium income. That’s because the option will have both intrinsic value – the difference between the share price and the strike price – and time value.

However, the clear downside is that it comes with a much greater chance of being exercised, locking you into selling your shares below the market price.

The further an option is ITM, the higher the chance of exercise becomes.

That’s why an ITM covered call generally makes more sense if you’re happy to sell your shares at the strike price and are either neutral or mildly bearish over the short term.

So, what’s the solution?

Tune in to Trading With Larry Live

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Each week, Market Wizard Larry Benedict goes live to share his thoughts on what’s impacting the markets. Whether you’re a novice or expert trader, you won’t want to miss Larry’s insights and analysis. Even better, it’s free to watch.

Simply visit us on YouTube at 8:30 a.m. ET, Monday through Thursday, to catch the latest.

Maximize Time Decay

The best way to capture the most time decay (and therefore most value) is to write your call options as close to the money, or at the money (ATM), as you can…

That is, an option strike price as close as possible to the current share price.

ATM options contain the most time value compared to both ITM and OTM options. Meaning they also experience the fastest rate of time decay. That’s why many option writers focus on ATM or slightly OTM, depending on their market outlook.

However, while the goal is to maximize profit by capturing the most time value, you may also want to give yourself some wriggle room to lessen the chance of being exercised. Meaning that if you’re neutral to slightly bullish on your shares and you want to own them long-term, then you’d look to write your call options slightly above the current price.

So, for example, if a stock was trading around $100 and you thought the maximum price it might get to within the option’s life was $105, then you’d likely write your calls with a $110 strike price.

If, however, you believed the stock was likely to trade sideways over the coming weeks, then writing an option closer to the current share price would maximise the premium collected.

The trick is understanding that successful option writing isn’t about collecting the biggest premium over time. It’s about finding the right balance between income generation and the likelihood of the option being exercised.

Get that balance right, though, and time decay becomes one of your greatest allies in generating income.

Regards,

Larry Benedict
Editor, Trading With Larry Benedict

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The 60-minute window you keep missing

(It opens every day at the same time) ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏...